In this special bonus episode Curtis gives the 7 Rules on how you can think like a CFO to create a strong foundation with your personal economy. By following these pieces of advice you can see how a good CFO is an expert, and applies their expertise wisely.
Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com
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Show Notes
- Do you feel like you're one layoff away from disaster? - 1:45
- The foundation of a strong personal economy - 2:42
- Stop being a victim and take control - 3:21
- Saving cash gives you strength - 5:33
- Creating passive income that you don't have to work for - 6:35
- Developing a legacy of wealth and wisdom - 6:53
- CFO Rule #1 - Live by a budget - 8:36
- CFO Rule #2 - Manage your debt - 11:53
- If you're going to to go into debt to buy an asset that makes you money - 15:11
- CFO Rule #3 - Engage in strategic planning - 16:18
- CFO Rule #4 - Minimize your tax exposure and maximize your tax breaks - 20:42
- Having a business is not optional - 23:34
- CFO Rule #5 - Continually build your skills and knowledge - 26:20
- CFO Rule #6 - Learn to maintain excellent records - 28:12
- CFO Rule #7 - Focus on profit - 29:54
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