Frameworks & Finance: Recent Episodes
Kurtis Hanni
Each Wednesday, Kurtis talks about either a framework or financial concept. These could be personal or professional and will span a wide range of topics.
Once a month, Kurtis will host a guest to get another perspective.
Join us in this journey to improve our thinking in life and work.
Show notes and resources at kurtishanni.com/ff-podcast
For the month of December I'm taking a break from the podcast. When we start in January, I'll be changing the format and going back to WEEKLY episodes.
See y'all in January!
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Have you ever seen people living just a little differently and wondered how they built that life for themselves?
In today's interview, I talk to Brian Luebben, who has done just that.
Brian runs a few different businesses but intentionally runs them in a way that creates more freedom for him.
In this episode, we talk about his story, the 3 types of freedom, and why you should prioritize passionate income over passive income.
Check out Brian's Podcast: Action Academy Podcast
Follow him on social:
- Twitter: @theactionpod
- IG: @brianluebben
- Tiktok: @brianluebben
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I talk a lot about the numbers of business, but what are the hidden costs?
Today I break down opportunity cost and sunk cost and how to make decision-making models that account for these and help you avoid the biases that are all too common.
To learn more about these biases, check out my newsletter editions on them:
How to avoid sunk cost fallacy and save your business money
Football, Food, & Opportunity Cost
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Jeff Rose is Certified Financial Planner that 3 years ago sold his wealth management to become a full-time online educator. He has a blog, book, and youtube channel that reaches 400,000 unique visitors to his website per month.
Jeff currently writes for Forbes and Entrepreneur and has been featured in USA Today, Wall Street Journal and Fox Business where he talked personal finance, entrepreneurship and online business.
In this episode, we talk about his journey and the lessons he learned along the way.
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What is the goal of running a business? I argue that everyone's goal is to create value. Ultimately for themselves, but also for their customers and those around them.
I break this process into 4 elements and identify some ways you can measure the value you're creating.
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In the busyness of life and work, it's easy to get distracted by the things around us.
In this week's episode, I spoke to Joshua Becker, a multiple-time best seller, and his newest book, Things That Matter.
Check out Joshua's work:
Things That Matter book (aff)
Becoming Minimalist
The Hope Effect
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Understanding what key metrics to choose is extremely important. The wrong metric can give you the wrong information. The right metric can help you make better decisions in your business.
In this episode, I break down the 7-step process of identifying the right KPIs.
To learn more, reach out to me here: kurtishanni.com/consulting
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Today I'm being joined by Corey Nicholson. We talk about his journey of starting in e-commerce at age 16 and finding the right opportunity to capitalize.
Follow Corey's journey on Twitter or Youtube.
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Financial Statements can be hard, but they're not as hard as they seem.
Today I break down the basics of the 3 Financial Statements.
If you're interested in the cohort, you can join here:
Cohort Course "Financial Statements Decoded" (Discount code: PODCAST)
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Listen to hear the announcement about a change I'm making to the podcast.
Apply for the cohort here (Applications due Aug 17th)
Email me what you'd like to hear: kwh@kurtishanni.com
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Today I’m being joined by Josh Patrick and we talk about building a sustainable business, the 4 types of profit, creating financial dashboards, and managing cash flow.
Josh is a consultant and author who has written two books: Sustainable & The Sale Ready Company.
Buy the Sustainable book
Email Josh: jpatrick@stage2planning.com
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Everyone wants to be successful, but everyone also has their own definition of success.
So, based on your definition, how can you be successful?
Sure, having talent is nice, but it's not the most important factor. Shoot, not even one of the top factors.
In this episode, I explore the 5 factors I think contribute more to your success than talent.
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Personal finance is hard with all the jargon and concepts. In today's episode, I attempt to simplify it for you by picking 24 concepts I think you should know.
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Failure is seen as a bad word, but not all failure is bad. In this episode, I talk about what good failure looks like and introduce a few principles that will help you fail well.
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As a personal finance junkie, you know I have to have some favorites.
In this episode, I break down my top 5 and do a brief summary of each.
They are:
5: The Simple Path to Wealth by JL Collins
4: The Total Money Makeover by Dave Ramsey
3: The Millionaire Next Door by Thomas Stanley
2: I Will Teach You to be Rich by Ramit Sethi
1: The Psychology of Money by Morgan Housel
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For years, I didn't track my net worth consistently. But when I started doing it, my results got better.
Coincidence? I think not... In this episode, I talk about 9 reasons you should track your net worth and how to do it.
Places to go:
Personal Capital
YNAB (You Need A Budget)
Net Worth Tracking Spreadsheet
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No matter how well we were taught, we don't listen much at 20. In this week's episode, I reflect back on my 20s and the lessons I wish I knew at that time.
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A weekly review is essential to make sure things don't fall through the cracks. This week I take you through my 3 steps: Ponder, Process, and Prepare.
Notion Weekly Review Template
GTD by David Allen
Redeeming Your Time by Jordan Raynor
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Building habits is hard. When relying on motivation and willpower, lapses can create frustration and make it hard to establish a habit. By looking at the book Tiny Habits by BJ Fogg, we can use behavioral design principles to create better money habits.
- Takeaway #1 - Design better habits by understanding the anatomy of a tiny habit.
- Takeaway #2 - Understand the BMAP model and how we can use it to "lower the bar" in habit creation.
- Takeaway #3 - Use the After I ____, I will ____ statement to add tiny habits onto already established routines.
Buy the book (affiliate link)
Tiny Habits recipe maker webpage
Tiny Habits resource page
Every department can impact the bottom line.
In this episode, I go through each department how you can impact the bottom line and shine as a top performer.
If you're interested to learn more about the cohort, here is the link:
Cohort Course "Financial Statements Decoded" (Discount code: PODCAST)
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Financial statements are extremely intimidating. In today's episode, I make the case for EVERYONE needing to understand them, then do a brief overview of each statement.
If you're interested to learn more:
Twitter thread on Financial Statement Basics
Cohort Course "Financial Statements Decoded" (Discount code: PODCAST)
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It's easy to get in the groove of the day to day then look back in 5 years and realize you've made no progress.
Today we talk about signs that you've stagnated in life and work and how to recover from stagnation.
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Two people in the exact same situation can have completely different outlooks on life. One can be content and the other discontent.
How is this? In today's episode I talk about the root causes of discontentment and 10 ways to combat them.
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There are people out there that want you to give up and quit trying.
I'm not one of those people. Focus is one of the most valuable assets you have. It's your job to control it and I fully believe you can.
In this episode, I offer a counterargument to the book Stolen Focus and give you tips on how to curtail your focus and get more done.
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The reality is you need to take control of your career. If you don't, you're at the whims of your bosses and company.
Today we talk about 17 skills that will get you paid and some books you can read to help you develop them.
Twitter thread (affiliate links)
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In personal finances we spend a lot of time hating on the Starbucks, Netflix, and "excessive" spending.
But who truly determines what's "excessive?"
In this episode of the podcast we discuss Ramit Sethi's Money Dials and how we can apply them to our lives.
From his 10 dials:
- Convenience
- Travel
- Health / fitness
- Experiences
- Freedom
- Relationships
- Generosity
- Luxury
- Social status
- Self-improvement
We ask the question: What do you LOVE to spend money on?
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Who else has set an annual goal and then forgot about it until November?
I think we've all been there! When I implemented a quarterly review process, it completely changed my relationship with my goals.
In this episode, I talk about what I do.
Questions1. What were the 3 biggest wins? 2. Did I make progress on my goals? Do any need to change? 3. What did I do last quarter that is not helping me 10x my life? 4. What personal habit would you like to improve next quarter?
Checklist[ ] Review & update your goals
[ ] Identify up to 3 goals for the new quarter
[ ] Review your ideal week
[ ] Review someday maybe list
[ ] Review your daily rituals
[ ] Look at your calendar for the next quarter
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In today's episode, we continue on with Atomic Habits and talk about applying the Goldilocks rule to your life. This rule states that humans experience peak motivation when working on tasks that are right on the edge of their current abilities. Not too hard. Not too easy. Just right.
We talk about how we should live this rule and what it means in day-to-day life.
Listen to Atomic Habits #1 on self-sabotage
Atomic Habits by James Clear (aff)
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What plays a bigger part in success? Talent or hard work?
In today's episode we're going to discuss the interplay between these two, how your personality influences your talents, and 4 questions to ask to find your talent.
The 4 questions are:
- What feels like fun to me, but work to others?
- What makes me lose track of time?
- Where do I get greater returns than the average person?
- What comes naturally to me?
Listen to Atomic Habits #1 on self-sabotage
Atomic Habits by James Clear (aff)
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When adopting a new identity/habit, one of the most powerful things you can do is align yourself with a group seeking the same goal.
In this episode we dig into why joining a group is such a powerful tool and how you can use it to make your new habits stick.
Listen to Atomic Habits #2 on limiting beliefs
Listen to Atomic Habits #1 on self-sabotage
Atomic Habits by James Clear (aff)
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To truly create a new habit, you have to adopt an identity as a person who does that specific thing. If you change your outcomes or processes, but don't change your identity, change will be temporary.
In this episode, we talk about 4 ways to attack your limiting beliefs and make a new identity stick.
Listen to episode 1 on Atomic Habits
Atomic Habits by James Clear (aff)
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If someone asks you want you do or who you are, how do you answer?
The way you answer is a reflection of how you identify. Your identity is either reinforced or undermined by your daily habits.
In Atomic Habits, James Clear talks about how habits shape your identity.
It's important that our habit changes start with our identity. When adopting a new identity, you must:
- Decide the type of person you want to be.
- Prove it to yourself with small wins.
Kurtis tells a personal story about an identity he adopted and how he self-sabotaged himself out of that identity. The episode ends with 2 questions for you to reflect on:
In what ways have you adopted a new identity in your life?
What are you holding onto that could stop you from keeping that identity?
Atomic Habits by James Clear (aff)
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This special episode was recorded on Twitter Spaces on 2/17/2022.
Follow everyone on Twitter:
- @KurtisHanni
- @AdultingisEasy (Lauren)
- @MainStMoney (Alex)
- @roadtowealthpod (Justin)
Join us on Twitter Thursday, March 3rd at 8:30 pm EST.
It's through action that we find clarity.
In this episode, we discuss "Man's Search for Meaning" and how it was through suffering that meaning was found.
Action allows us to clarify our goals and eliminate those things that don't align.
Dig into this concept with us.
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Over the last few weeks, we’ve done a deep dive into the book Redeeming Your Time and talked about a number of concepts from the book.
All of those episodes fall into the category of life design. The thing is, we can overoptimize and create a life that's too rigid. This rigidity makes us unable to adapt.
In this week's episode, we talk about creating room in your life for spontaneity so that you can avoid the stress and pressure of an intense system.
Redeeming Your Time by Jordan Raynor (aff)
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What books am I reading as research for the show? What books should I be reading?
I talk about this and give a few pointers on how to read more.
Podcast Episode 07: Read more books with these tricks
Twitter thread on reading more
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Time management and distractions are the biggest enemies of your productivity.
In this episode we discuss using routines, time blocking, and saying no.
Redeeming Your Time by Jordan Raynor (aff)
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This special episode was recorded on Twitter Spaces on 1/20/2022.
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@KurtisHanni
@AdultingisEasy (Lauren)
@MainStMoney (Alex)
@roadtowealthpod (Justin)
Join us on Twitter Thursday, February 3rd at 8:30 pm EST.
Achieving goals, especially long-term ones can be intimidating and hard. Today we’re going to talk about how to focus on what truly matters and how to better prioritize your commitments.
If we don’t clarify our essentials, we end up doing whatever comes to our attention in the moment.
In many cases, that means we do low-value tasks that pop up in our day and put off the truly important.
We let the noise and hum of the day around us distract us from the things we value.
The reality is, if we don’t spend time on the things we value, we need to evaluate: how much do we truly value them?
To get better at prioritization and setting goals, we need to start much higher than “goals”. We need to start with Values.
Mentioned in the episode:Redeeming Your Time by Jordan Raynor (aff)
Personal values online assessment
Personal values card deck
BetterUp article: Creating a Personal Vision Statement
Delve into Money episode 27: Financial Goal Ideas
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Not being able to get into silence or solitude is detrimental to us mentally. It limits our ability to think, be creative, cultivate depth, be at peace, or listen to God or our internal voice.
So how can we remove distractions, or noise, from our lives?
Jordan Raynor lists 8 practices in Redeeming Your Time and in today's episode we discuss 2 of them apply them to your financial life.
Redeeming Your Time by Jordan Raynor (aff)
Make Time Delve into Money Podcast Episode
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Have you ever felt overwhelmed with all the things you have to get done? Have you ever felt like you’re dropping the ball?
Often, these feelings are a result of open loops or unrecorded commitments.
In today's episode, we discuss how to create a system that helps you handle open loops and then use the weekly review to make better financial decisions.
Redeeming Your Time by Jordan Raynor (aff)
Getting Things Done by David Allen (aff)
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This special episode was recorded on Twitter Spaces on 1/6/2022.
Follow everyone on Twitter:
@KurtisHanni
@AdultingisEasy (Lauren)
@MainStMoney (Alex)
@roadtowealthpod (Justin)
Join us on Twitter Thursday, January 20th at 8:30 pm EST.
Don’t let 2022 be just every other year, where the goal never makes it out of January!
In 2020, only 38 percent of adults in the U.S. had specific financial goals, according to research from the Lincoln Financial Group.
Goals are extremely important. They help you break down intimidating things that you can’t accomplish immediately and create the steps for you to reach them.
In this episode, we'll break down how to set good goals, the SMART goal framework, and give you 10 suggests for financial goals you could set.
LinksEmergency fund episode
Money & Marriage ebook
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Another one in the books!
2021 was a whirlwind year for me and my family, as I'm sure it was for you too. My wife got pregnant and we had our first child in November. I started this podcast, which brought social media back into my life. I had some big work projects that we completed and really took over my whole year.
There was a lot going on personally, but also a lot in the world.
COVID-19, supply chain issues, and inflation dominated the news cycles and our lives.
In this episode, I reflect on the lessons I learned from starting this podcast. I then relate these lessons back to your personal finances.
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What is an emergency fund?
An emergency fund is a stash of money set aside to cover the financial surprises life throws your way. These unexpected events can be stressful and costly.
Here are some of the top emergencies people face:
- Job loss
- Medical or dental emergency
- Unexpected home repairs
- Car troubles
- Unplanned travel expenses
By setting up an emergency fund, you help protect you and your family from unexpected expenses.
So how much should you have in an emergency fund?
The general suggestion is to have 3-6 months of expenses set aside for emergencies. This will cover you in the case of job loss and allow you to look and find a new job, or at minimum find an alternative so you aren't out on the street.
To calculate how much you need, it's common to remove expenses you wouldn't incur in a true emergency. This would be general spending, eating out, vacation, and savings goals. It's your discretion exactly what you do, but these are general guidelines.
So, in what situations would you need more or less of an emergency fund?
You need more if:
- During a recession (when unemployment rates are higher and the length of unemployment is often longer).
- If you're in a high-risk industry where layoffs are common.
- If your income isn't steady.
- If you're retired (and most of your money is in more-volatile stock and bond investments).
You need less if:
- You have multiple streams of income
- You could get a job quickly
- You aren't living off both incomes
No matter your situation, it's my opinion that 3 months is the lowest amount you should ever hold.
Where do I keep it?
We want this money to be liquid. It should be in a high yield savings account and not in the stock market or crypto investments.
If you keep it in those, it's likely to be down when you need it. That risk is not worth it.
But, that's also why you shouldn't keep too much. High yield accounts, in today's environment, only return around 1%. If you want a year's worth of emergency fund, my opinion is that you keep 6 months in high yield account and the rest in the market. Just a personal opinion.
If you can't get to 3-6 months, anything is better than nothing!
If you don't have an emergency fund, it's imperative that you get one. Sell things from your house to make it happen. Make the sacrifice today and the investment in your future.
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Now that you understand where your money is going, we want to take the next step and manage that money.
We manage our money by budgeting for the next month on the calendar. If you're listening when this goes live, that is January.
Looking at your past spending, you then need to make decisions, based on the categories you've created, on what you want to continue forward with.
So how do we know if we're spending too much on a category? A well known guideline for spending is the 50/30/20 budget.
You allocate 50% of your income toward living expenses and necessities, 30% toward wants, and 20% toward debt and savings.
If we want to get more granular, here are a few more guidelines
- Housing: 25-30%
- Food: 10-15%
- Insurance, such as life, medical, home or auto: 10-25%
- Transportation or auto services: 10-15%
- Savings: 15-20%
- Entertainment and leisure: 5-10%
- Health: 5-10%
- Clothing: 5%
- Personal expenses: 5-10%
Once you've established your categories, it's about regularly reviewing them. Each month you'll set a new budget and should reflect on the prior month.
At first, you will do really poorly. But over time you adjust and learn better what your spending is.
Remember, we budget to know what we're spending and be intentional with it. NOT to control. This mindset shift will change the way you approach it.
Good budgeting!
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This special episode was recorded on Twitter Spaces on 12/2/2021.
Follow everyone on Twitter:
@KurtisHanni
@AdultingisEasy (Lauren)
@MainStMoney (Alex)
@roadtowealthpod (Justin)
@IAmCoachClint (Clint)
w/ guest @AccentInvesting (Kenny)
Join us on Twitter Saturday, December 11th at 9:30am EST and Thursday, December 16th at 8:30pm EST.
The average American spends $998 on gifts during this holiday season, which makes it one of the most expensive times of the year.
Too much of this spending is done mindlessly, so here are 13 ways to spend less money this Christmas season.
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This special episode was recorded on Twitter Spaces on 11/18/2021.
Follow everyone on Twitter:
@KurtisHanni
@AdultingisEasy (Lauren)
@MainStMoney (Alex)
@IAmCoachClint (Clint)
w/ guest @AccentInvesting (Kenny)
Join us on Twitter Saturday, December 11th at 9:30am EST and Thursday, December 16th at 8:30pm EST.
To properly budget, you need to understand where your money is going. In this SHORTS episode, we discuss reviewing your transaction history and categorizing your spending into fixed, irregular, and discretionary expense categories.
You Need A Budget (YNAB)
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Every year Americans take the last Thursday of November to celebrate the holiday of thanksgiving. To reflect on this time of year and what Thanksgiving means, I decided this episode would be a good time to talk about the history of Thanksgiving and the things we have to be thankful for in regards to our money.
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Only 50% of Americans have a budget. Today I'll discuss why you should be one of the ones with a budget.
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In today's episode, the new series 'SHORTS' is being introduced, as well as a personal update about the journey I've had with my wife as a couple trying to have children.
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At some level, we all have an issue with broken soundtracks, the repeated messages running in our head, that then sabotage us from getting the results we want.
This week we're talking about Jon Acuff's book Soundtracks and how we can replace the broken money soundtracks we have with better ones.
Soundtracks by Jon Acuff (aff)
Last Week's Podcast - Think Again
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Our first inclination is to trust our gut and go with our first answer. But research shows that rethinking your answer, whether you change it or not, makes it more likely you'll ultimately be right.
In Adam Grant's book Think Again, Adam delves into this idea. In this episode, we explore how we can leverage doubt, operate as a scientist, and seek out challenge networks to improve our personal financial outcomes.
Think Again by Adam Grant (aff)
The Psychology of Money by Morgan Housel (aff)
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The new eBook Money & Marriage is launching on this podcast's release day!
Order it now
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In this week's episode, I talk with guest Stephen Wealthy about mining, staking, and our recommendations on how to get started.
You can follow Stephen on Twitter at @StephenWealthy_ or visit his website, stephenwealthy.com.
Show Notes
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Cryptocurrencies are an intimidating topic. In this week's episode, I attempt to help you better understand cryptocurrencies with the help of a special guest Stephen Wealthy.
You can follow him on Twitter at @StephenWealthy_ or visit his website, stephenwealthy.com.
Show Notes
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Nearly 80 percent of the couples who get a divorce cite financial difficulties as one of the major reasons.
Today we'll talk about some of the root causes of those issues and how we can address them.
Show Notes
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Have you ever wondered how some people get so much done? In today's episode we talk to Greg Junge, a realtor and investor, about his experience in reading The Miracle Morning by Hal Elrod. Morning routines are key and will have you getting more done by 8am than most get done all day! Join us as we discuss the impact this book has had on our morning routines, overall productivity, and the financial results that came from it.
Show Notes
Contact Greg to get a his chapter of the book: greg@sevenfigurecapital.com
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In a continuation from last week's conversation, Kurtis and Samantha talk about parts 3 through 5 of the five-part framework they've developed to have more healthy financial conversations as a couple.
In parts 3 through 5 we talk about:
- Understand each other's background
- Put together a plan
- Commit to the plan
- Check-in on a regular basis
- Revise the plan as needed
Full Show Notes
Having money conversations with your spouse can be difficult for lots of reasons. The reality is, many of us don't have a lot of practice holding these types of conversations.
When Samantha and I were first married, she let me do my own thing with our money. She trusted me. That sounds great, right? The problem came when I wanted her input on decisions. I'd get frustrated that she had no opinion, and she'd get frustrated with feeling stupid in regards to money.
To help us have better conversations, we came up with a 5-part framework that we believe could help you as well.
In today's episode, we discuss parts 1 & 2:
- Understanding each other's background
- Putting together a plan
Next week we'll discuss parts 3 through 5.
Full Show Notes
Have you ever overcommitted or underestimated the time it would take to do something? In our second look at the book Essentialism, we discuss how elimination and creating a buffer will help your budget, investing, and overall personal financial life.
LinksShow Notes
Essentialism book (affiliate)
Tiny Habits podcast episode
The Psychology of Money book (affiliate)
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Have you ever felt overwhelmed and as if you don't have enough time? Today we're going to look at the book "Essentialism" by Greg Mckeown and discuss how to have a systematic approach to determining our highest priorities. Today we'll focus on exploring as many options as possible and then have a strict filter for what sticks.
LinksShow Notes
Wirecutter.com
Essentialism book (affiliate)
Millionaire Next Door podcast episode
Up NextNext week we'll dive deeper into the book "Essentialism" and discuss the principles of committing and creating a buffer and how it applies to your budget and investing decisions.
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So many people say they don't have the time to read, but what does that really mean? We all have more time than we realize and this episode addresses some strategies for reading more books.
Outline* Getting rid of all your goofy, made-up rules * Create a plan * Partner with others * Take good notes * Financial applications
LinksThe One Thing book (affiliate link)
The One Thing Couples Goal Setting Retreat Guide
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Do you understand the brain? Have you ever wondered how to teach your kids about money? Are you interested in rewiring your brain to reroute you away from those bad financial and health decisions? In this episode, we'll talk about the book "Seven and a Half Lessons About the Brain" and how you can take these lessons about the brain and apply them to your personal finances.
Takeaways* Takeaway #1 - Little brains wire themselves to their world, so we need to be intentional about teach them about money. * Takeaway #2 - Your brain predicts what you do, so we need to rewire our brains by pre-planning our money steps.
LinksShow Notes
Buy the book (affiliate link)
Seven and a Half Lessons website
Next UpNext week we'll talk about why you should read more books.
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Dave Ramsey is a big personality in the personal finance space. He is know for his baby steps and "gazelle" intensity in getting rid of debt. In today's episode, we did a joint podcast with The Financial Dads where we discuss our experiences with Dave. We discuss what we agree with, what we disagree with, and how our philosophies differ.
Outline* Dave's Baby Steps * Emergency funds * Credit Cards * Investing rate of returns
LinksShow Notes
Dave Ramsey's Total Money Makeover (affiliate)
The Financial Dads Podcast
The Financial Dads Facebook
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Building habits is hard. When relying on motivation and willpower, lapses can create frustration and make it hard to establish a habit. By looking at the book Tiny Habits by BJ Fogg, we can use behavioral design principles to create better money habits.
Takeaways* Takeaway #1 [07:24] - Design better habits by understanding the anatomy of a tiny habit. * Takeaway #2 [15:41] - Understand the BMAP model and how we can use it to "lower the bar" in habit creation. * Takeaway #3 [25:59] - Use the After I ____, I will ____ statement to add tiny habits onto already established routines.
LinksShow Notes
Buy the book (affiliate link)
Tiny Habits recipe maker webpage
Tiny Habits resource page
Next UpNext week we'll talk about the book "Seven and a Half Lessons About the Brain" by Lisa Feldman Barrett and how we can reroute our brain towards better financial decisions.
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We are constantly distracted in all phases of our lives. Whether it be your phone notifications, interruptions at work, or getting sucked into the social media app feed loop, we all have weaknesses for something that can take us away from what we really want. Through the book Indistractable, we'll learn how to reduce distractions and turn that into traction towards fulfilling the money goals we have.
Takeaways* Takeaway #1 [09:16] - We need to understand the root causes of distraction. * Takeaway #2 [13:57] - Thinking differently about our internal triggers and apply the 10-minute rule to fight them. * Takeaway #3 [21:59] - Know what you're being distracted from by timeboxing.
Financial Applications1. Take time to examine the root causes of your money mistakes [25:31] 2. Implement the 10-minute rule to better manage your spending [30:57]
LinksShow Notes
Buy the book (affiliate link)
Indistractable bonuses (after purchase)
Next UpNext week we'll talk about the book "Tiny Habits" and how you can create 'After I ____, I will ____' statements to improve your personal financial outcomes.
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The classic book "The Millionaire Next Door" explores 7 common factors between the millionaires around us. We all have our perceptions of what a millionaire looks like, but this perception is not accurate! We'll explore 3 takeaways and 3 applications to your financial life to get you closer to becoming the millionaire next door yourself.
Takeaways* Takeaway #1 [08:41] - Living well below your means. This is accomplished "playing great defense", having a budget, and planning for the future. * Takeaway #2 [15:36] - Allocate your time, energy, and money in ways that are conducive to building wealth * Takeaway #3 [25:03] - Raise children who are independent and do not provide "economic outpaitent care."
Financial Applications1. Choose a field [33:14] 2. Save 20% of your income [34:14] 3. Put together a plan [36:14]
LinksShow Notes
Buy the book (affiliate link)
Indexology Exhibit 1: Most will underperform the market average
SPIVA: 2020 Active vs Passive Scorecard
Financial Samurai: Active vs Passive performance
Barrons: Hedge Fund performance
Next UpNext week we'll talk about the book Indistractable and how you can stop getting distracted from your money goals!
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“The most important investment you can make is in yourself.” - Warren Buffet
Learning from those smarter than you is a key to financial success and these 5 books should help you get one step closer to a better financial future.
Outline1. The Psychology of Money by Morgan Housel [03:35] 2. The Millionaire Next Door by Thomas Stanley & William Danko [08:31] 3. I Will Teach You To Be Rich by Ramit Sethi [10:42] 4. Essentialism by Greg McKeown & Effortless[15:13] 5. Soundtracks by Jon Acuff [19:17]
Links (some affiliate links)The Psychology of Money book
Psychology of Money Article
The Millionaire Next Door book
I Will Teach You To Be Rich book
Essentialism book
Effortless book
Soundtracks book
Next UpNext week we'll look at the book The Millionaire Next Door.
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Have you ever let a day slip by and only completed your small tasks without ever getting to the big problem you needed to address? Have you ever struggled to focus and get settled in once you're ready to work? Make Time is a book with the tagline "How to focus on what matters every day". This is a book I have read more than anything besides the Bible! In this episode, we will look at 2 key takeaways from the book and then find financial applications for your life.
Outline* Takeaway #1 [07:57] - Abolish "infinity pools" to set times and spaces * Takeaway #2 [14:30] - Managing your email * Financial Application [22:33] - Start a "someday" fund
LinksShow Notes
Buy the book (affiliate link)
Make Time Blog
Bonus Chapter (mention I brought you!)
Next UpNext week we'll talk about 5 recommended books for your summer reading list!
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At one point or another we've all been overwhelmed with our personal finances and unsure what decisions to make. This podcast aims to help you distill the information and deep dive into your personal finances. This episode is an introduction into what you can expect and the behind the podcast.
Outline* Why called Delve into Money [04:00] * About Me [8:23]
LinksPodcast website
Contact the show
Next UpListen next to the launch episode, which is about the book "Make Time". We discuss how to better focus on what matters each day and creating a someday fund to create breathing room in your financial life. Listen here!
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Welcome to the Delve into Money podcast, where we dive deep into a variety of books and resources to discover actionable insights and apply them to our personal finances.
I'm your host, Kurtis Hanni. Have you ever felt overwhelmed with where to start on your budget, investing, or long-term financial planning? On the Delve into Money podcast we're going to help simplify your financial life through weekly episodes in which we break down books, financial or non-financial, and relate them to your financial journey.
Whatever your goal is, whether that's making a budget, financial independence, investing, crypto-currency, or you're just interested n books, we want to help you achieve that goal!
PLEASE SUBSCRIBE AND SHARE!!!
Webite: delveintomoney.com