POM001: The 5 Pockets of Money You Need
Having money, being rich, and being wealthy are three distinct situations. Unfortunately, we’re not taught how to handle money to establish financial security.
The wealth gap is growing and part of that stems from a lack of knowledge of financial management, making money, growing money and the skills to implement that knowledge.
In this episode, I’m going to review the “pockets of money” you need to build wealth for yourself and create a legacy of wealth for your dependents whether you’re an employee or an entrepreneur.
You’ll learn about the five crucial pieces of your wealth plan that you need to study and implement. If you want financial security, financial freedom and to create a legacy of both in family then you need these five things.
Resources Mentioned:
Disclaimer: Some of the links below are affiliate links. This means that if you decide the item will help you and buy it, I will earn a commission. There is no additional charge to you. However, I would never recommend anything to you that I wouldn’t use myself or wouldn’t recommend to my own family. I only recommend things that I believe will be helpful and useful. Do not buy anything unless you believe it will help you achieve your goals.
Digit – increase saving with less discipline
Retirement Calculator or try this calculator– determine how much you need to retire and how much you need to contribute now
529 Plan information – learn more about 529 plans and how to open one
Upromise – use cash back from shopping to boost the savings
Leaf College Savings – use gift cards to donate to a child’s 529 savings plan
Success Rebels Lab – online membership and community for ambitious entrepreneurs
Starting Your Amazon Side Hustle – a course offered by Sandy Smith of Yes I am Cheap
Thanks for listening:
If you have any comments or questions about this episode, leave a comment below. If you liked what you heard subscribe on iTunes and rate it.
Click to Tweet: I just learned 5 key factors for wealth from Dr. James.
