In this episode, your hosts, Jason and Scott discuss:
- Financial education is broken
- Cash flow tracking is critical
- Understand good vs. bad debt
- Asset control matters more than ownership
- Tax optimization kills generational wealth
Key Takeaways:
- Financial literacy isn't taught in schools, meaning that students graduate without understanding basic money management skills, leaving them vulnerable to financial pitfalls.
- Treating personal finances like a business can prevent living paycheck to paycheck and create opportunities for wealth building.
- Debt isn't inherently bad when strategically used.
- Controlling how and where your money is parked determines your ability to seize investment opportunities.
- Taxes can significantly erode wealth if not properly managed, and proactive tax optimization strategies can help preserve and grow your financial resources over time.
"Schooling does not equal education. Education is more.” — Jason Henderson
Connect with Jason and Scott:
Website: https://henderxcapital.com/masteryourmillions
X (Twitter): @MasterYourMs https://twitter.com/MasterYourMs
Facebook: https://www.facebook.com/groups/realestateinvestorsofutah
Instagram: @henderxcapital https://www.instagram.com/henderxcapital/
@jasonihenderson https://www.instagram.com/jason.henderson/
Email: jasonchem@gmail.com, scott@henderxcapital.com
