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Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

If You're Still Worried, You Aren't Wealthy

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

Ari Taublieb, CFP®, MBA

Retirement Planning, Save On Taxes, Careers, Personal Finance, Retirement, How To Retire, Business, Real Estate Investing, Investing, Stock Investing, Early Retirement, Entrepreneurship

4.7585 Ratings

🗓️ 4 October 2021

⏱️ 10 minutes

🧾️ Download transcript

Summary

Our topic on this episode of the Personal Finance Redefined podcast is about understanding how to take control of your finances because if you're still worried, you aren't wealthy (quote from Nick Murray's "Simple Wealth, Inevitable Wealth"). Planning Points Discussed Retirement PlanningCapital AppreciationPurchasing PowerOther issues (Roth IRAs, Inflation, Financial Goals, etc.)Interested In Working With Ari? Schedule Your Free Consultation Call Here Let's Connect! WebsiteLinkedInInstagra...

Transcript

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0:00.0

Finances can be complicated, but they don't have to be.

0:08.5

I break down financial topics that may seem complex and overwhelming, so you can start taking

0:13.5

action on your financial goals.

0:16.3

I'm Ari Talbid, and it all starts here on Personal Finance Redefined. Welcome back to another episode of the Personal Finance Redefined.

0:21.4

Welcome back to another episode of the Personal Finance Redefined podcast.

0:25.6

And today's episode is a fun one.

0:28.6

It's really about changing the way and not necessarily needing to change,

0:32.6

but just understanding how to change the way that you feel about money,

0:36.6

if that is something that concerns

0:38.4

you, if that's something you think you could improve or something, you really just want to

0:42.4

hear some stories on how people have improved it or have changed it over time. And so what I want

0:48.6

to start with, and one of my favorite quotes is in a book by Nick Murray, Simple Wealth, Inevitable

0:53.4

Wealth. And that quote is

0:54.7

this, if you're still worrying, you're not wealthy. And I love that saying because it's different for

1:02.7

everyone, meaning if you, let's say, have a million dollars and I have $1,000 and you take $1,000

1:09.7

from me, well, that's going to impact my life greatly.

1:13.0

One, I'll have $0.

1:14.3

Now, if I were to take $1,000 from you, well, now you had a million dollars.

1:20.2

So it's not going to make that much of a difference.

1:23.1

But the question is, what's the amount of worry that comes along with that?

1:26.6

I now am worrying about food and shelter and all these really needs of life, not so much

1:33.5

wants, whereas you're saying, okay, I've got $1,000 less, it's not ideal, but there's

...

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