This isn’t just a little thing. It can turn your whole life upside down.
Before starting Big Life Financial, I worked for another organization as a financial coach. People had to pay anywhere from $15,000 to over $50,000 to work with our team.
I got to work with thousands of highly talented, ambitious entrepreneurs during that time. One of the most common things I heard was “I want to make a lot of money and have a ton of investments so I can go do what I really want to do with my life.”
That mindset — “I have to make money and then go do what I want” — is a big mistake. …
Grow your money by building your dreams, not someone else’s.
Most people believe that growing money in the stock market through 401(k)s, IRAs, etc., is the best way to build wealth. While you could do worse, the stock market isn’t the best way to build wealth for anyone except professional traders or market experts.
As a financial strategist, I’ve worked with thousands of small business owners since 2009, spending thousands of hours digging deep into as many ways to grow money as possible.
What I’ve discovered may surprise you, but that’s why I’m writing this article. …
And how to fix them…beginning today.
If you are a dentist and you haven’t drastically changed your tax strategy in the last 3 years, then I can almost guarantee you are overpaying TENS of THOUSANDS of dollars each year.
I know that’s a bold statement. But I am committed to telling you what you NEED to hear, and sometimes the truth ain’t pretty.
So here’s what you need to know…
The tax code has changed several times in the past few years (the PATH Act in 2015 and the TCJA [Tax Cuts and Jobs Act] in 2017), and both have made changes that immediately and drastically impact dentists in particular. …
Fifty percent of small businesses fail in their first five years. Even if you make it past the first five years, the risk of failure is always there. It’s just a part of life for entrepreneurs.
How do we get past the fear and pain that often come with failure, and how do we bounce back when it happens?
Here’s the truth: You WILL have pain. If you want to be an entrepreneur, you will take some hits to the head and get a few bloody noses along the way.
However, all mental suffering — the guilt, fear, and anxiety — CAN be dealt with. I’ve learned from personal experience that each of us usually falls into one of three categories as we’re learning how to deal with the changing tides and inevitable failures of running a business. We can be the captain of the ship, the leaf tossed in the ocean, or the surfer riding the waves. …
After graduating college, there was one occupation I was most afraid of: sales.
But I knew if I ever wanted to communicate any idea effectively, in a way that would motivate people, I needed to learn how to sell. So of course, I immediately started selling door-to-door so I could slay that dragon as quickly as I could.
It was terrifying.
Then, as if door-to-door sales wasn’t enough, my next job was selling over the phone. In the three years I worked that job, I probably made about 40,000 cold calls.
I basically had to trick myself into making calls every day. For example, I told myself, “You can’t have coffee until you’ve made 20 calls.” …
You can’t stop the waves but you can learn to surf. — Jon Kabat-Zinn
Everybody’s asking the question: “Is inflation coming, and what do I do about it?” It’s an important question. If you don’t understand inflation, it can be the secret destroyer of your wealth.
In this article, I’m going to answer three questions:
Inflation is a general upward movement of prices.
That “general upward movement” may happen very quickly, since we passed one stimulus package back in April and probably have another one going through soon. …
You can’t be aggressive and confused at the same time.
- Darrell Royal
One of the biggest mistakes you might be making right now is only thinking about right now.
A lot of people are stuck in the moment, held hostage by fear, confusion and doubt. They’re asking, “How am I going to pay the bills this week?” without also asking, “What moves can I make in this season to position me for success in the next?”
Back in 2008, I was in the house-flipping business. As the market started to dry up, I didn’t really understand what was happening. …
“Fools rush in where angels fear to tread.”
- Alexander Pope
What’s really going on in the economy right now, and what is a HUGE mistake I see many investors making?
The market’s been recovering since March. For the next 12, 18, and even 24 months, what I’m about to tell you will be really important.
As a wealth strategist, I know plenty of real estate and stock market investors. I speak with them every day. Many are anxious to jump in and get good deals, but friends, you have to be smart about this. …
How to “shortcut” the work-from-home learning curve.
Most people equate working from home with the dream life — after all who wouldn’t want to work on their own terms? (And in your pajamas) But working from home can also be a slippery slope to chaos and misery if you don’t have the right game plan.
To help out I’ve gathered a list of my best advice for those transitioning to a remote working situation and I want to share it with you!
These are lessons I had to learn when I quit my job back in 2001 to flip houses as a real estate investor. Almost nobody was working from home back then so I had to figure out a lot of these things on my own, and it wasn’t always easy. …
Have you ever wondered how some people make such great financial decisions while others seem to stumble at every opportunity?
Do you actually know how to tell the difference between a good financial decision and a not-so-good one?
Can you imagine how useful it would be to have a framework for making better financial decisions in your life?
Ironically, in most cases people like you and I aren’t actually making financial decisions at all. Instead they are simply following the “path of least resistance” and doing what the “herd” has told them is best.
The road we’re being led down is so well paved that we don’t even know we have a different choice. Instead we see it as automatic response or “given” rather than a decision. …