1368: How to Make Good Financial Decisions by Derick Van Ness of Big Life Financial on Investment Vehicle Advice

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 7 December 2020

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Derick Van Ness of Big Life Financial tells us how we can make good financial decisions. Episode 1368: How to Make Good Financial Decisions by Derick Van Ness of Big Life Financial on Investment Vehicle Advice 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/2019/11/4/how-to-make-good-financial-decisions Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit 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 optimal finance daily episode 1368
0:04.6	How to Make Good Financial Decisions
0:07.1	by Derek Van Ness of big life financial.com
0:11.2	And I'm your host and personal finance enthusiast, Diana Merriam.
0:15.0	This is the show where I read to you from some of the best personal finance blogs on the planet,
0:20.0	sometimes a little too enthusiastically.
0:23.0	I am just having way too much fun over here reading to you from all of these fantastic blogs.
0:29.0	It's as if all these writers wrote all these great songs, and now I get to perform the covers.
0:35.2	For now let's get right to today's post as we optimize your life. How to make good financial decisions by Derek Van Ness of Big Life Financial.com
0:51.0	Have you ever wondered how some people make such great financial decisions while others seem to stumble at every opportunity?
0:59.0	Do you know the difference between a good financial decision and a not so good one?
1:05.0	Can you imagine how useful it would be to have a framework for making better financial decisions
1:10.1	in your life?
1:11.6	Ironically, in most cases, people like you and I aren't actually making
1:15.4	financial decisions at all. Instead they are simply following the path of
1:20.5	lease resistance and doing what the herd has told them is best.
1:25.0	That easy road often looks like contributing to a company sponsored IRA,
1:30.0	401k, or other stock market vehicle without much thought to how it will impact their future liquidity, mindset, or taxes.
1:38.0	In other cases, running on financial autopilot means trying to pay off a mortgage or student loan debt as quickly
1:46.0	as possible without understanding the pros or cons of their decision.
1:51.2	Even worse, the path of lease resistance can look like giving money to a friend or relative
1:56.2	to invest or start a business simply because they asked.
	...

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