1300: Why Keeping Financial Strategy Simple Works by Derick Van Ness of Big Life Financial on Money Management

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

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🗓️ 30 September 2020

⏱️ 9 minutes

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Summary

Derick Van Ness of Big Life Financial talks about why it's best to keep your financial strategy simple. Episode 1300: Why Keeping Financial Strategy Simple Works by Derick Van Ness of Big Life Financial on Money Management Derick Van Ness is a Wealth Strategist who is passionate about helping people reach their full potential. His company, Big Life Financial is focused on removing the mystery and misinformation surrounding money and financial strategy so people can live their BIGGEST LIFE! Derick’s company can help anyone but is specifically focused on small business owners, and has already helped 1000’s of them to create financial certainty and confidence. His mission is to eradicate that fear and fundamentally change the way that people think about and utilize money within the next generation. The original post is located here: https://www.biglifefinancial.com/blog/2018/7/1/why-keeping-financial-strategy-simple-works Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is And I'm Dan, I am your host and this is where I've been reading to you for
0:14.0	1300 episodes now from some of the best blogs on personal finance every single day
0:19.1	including weekends and holidays. But that is actually changing this week. I am moving back over to
0:24.6	optimal startup daily, which is our podcast that covers entrepreneurship, freelancing
0:29.1	and much more. This is a great time to take a listen to that show as we restart it, especially if you've been furloughed or maybe you're looking for extra income in this tough time.
0:38.0	There's a lot to learn there.
0:40.0	Again, that's optimal startup daily starting tomorrow, and that means it's actually my last day here on optimal finance daily and I'll have a few thoughts about that at the end
0:49.4	but I've still got one post for you today so let's get right to that as we continue optimizing your life.
1:00.0	Why Keeping Financial Strategy Simple Works by Derek Van Ness of Big Life Financial.com.
1:07.2	It's been said that the simplest solution is often the best.
1:10.3	I've found that to be true in many aspects of life and after a lot of research I believe it applies to money and finances most of all
1:17.5	Not surprisingly most of the TV ads and salesmen you encounter are pushing a different agenda.
1:23.0	They want you to believe that you aren't smart or knowledgeable enough to handle your own money,
1:28.0	and then they let you know that they are happy to manage your money for you, because they are so smart smart. Now it's true that the stock market
1:35.2	and many other investments can be complex so a good advisor could help but that doesn't necessarily
1:40.1	make those investments the right choice for you.
1:42.8	In fact, it seems to me that if you don't fully understand an investment,
1:46.4	then it definitely isn't the right place for your money.
1:49.4	If we go back to that idea that the simplest solution is best, it seems self-evident that you should
1:54.4	put your money in places where you have an understanding and control over how they work.
1:58.8	Make sense?
1:59.8	Ask yourself, are you saving and investing money in places that you understand or not?
	...

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