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Ep 25-The Top 5 Habits of Wealthy People Revealed! (Part 2)
Part 2 of our wealth building series looks at a habit that most people underestimate...education. We're not talking about the prestigious degrees that cost tens of thousands of dollars. This education is often free and worth multiples more. We're talking about education received from others through reading, listening and conversing.
Ep 24-The Top 5 Habits of Wealthy People Revealed!! (Part 1)
In the 24th episode of the Heart of Money podcast, host Austin Black and guest Bob Wessler discussed the significance of adopting the strategies of the wealthy for improved financial management. They emphasized that replicating successful models is more effective than inventing unique approaches. The discussion marked the beginning of a two-part series on the top five habits of rich individuals, aimed at helping listeners to reach their financial goals. Key points of wealth generation included the importance of savings, delayed gratification, thoughtful credit card usage, and robust financial planning. They acknowledged that while these strategies may appear simple, their implementation requires discipline and time. Further complex strategies will be explored in subsequent discussions.
Ep 23-We Paid the Stupid Tax on New Cars and Credit Cards!! #BiggestFinancialMistake (Part 2)
In Episode 23 of the "Heart of Money" podcast, hosts Austin Black and Bob Wessler discuss their biggest financial mistakes and lessons learned. Austin shares an experience where he offered to purchase camera equipment for a non-profit group on a credit card in his name, acknowledging the potential risk it embodied. Both hosts underline the significance of early financial education to avoid such instances and encourage listeners to share their own experiences on the Freedom Money Coach Facebook page. They strongly advise against assuming third-party financial obligations due to the associated risk. The hosts appreciate their audience's support and encourage them to stay active on social media and provide feedback on the podcast.
Ep 22-We Paid the Stupid Tax on New Cars and Credit Cards!! #BiggestFinancialMistake (Part 1)
Episode 22 of "The Heart of Money" podcast, hosted by Austin Black and Bob Wessler, centers on important financial lessons learned from past monetary missteps. In this episode, Bob elaborates his unwise financial decisions made during car purchases due to inadequate research, peer pressure, and misconceptions promoted by car salespersons. Both hosts underline the significance of research, patience, and logical thinking in making substantial financial decisions like car buying and recommend against making hurried decisions under pressure. They also promote the upcoming free virtual event, the Revive Summit, aimed at helping people accomplish their goals. The episode ends with an invitation to listeners to share their financial stories on their Facebook page - Freedom Money Coach.
Ep 21-Why Your Definition of Financial Success Needs to Change
In episode 21 of the Heart of Money podcast, hosts Austin Black and Bob Wessler discuss the different personal interpretations of financial success based on experiences and goals. They highlight how these definitions can evolve, influenced by factors such as life's stages, lifestyle choices, and personal experiences. Austin Black encourages listeners to define their own financial success, adapting it as needed. Additionally, the hosts preview the upcoming Revived Summit on April 4-6, a free event that will cover topics such as marriage, parenting, Christian living, financial management, and personal development.
Ep 20-Teaming Up With Your Spouse to Conquer the Budget #BudgetingWithYourSpouse (Part 2)
Austin Black and his wife, Laura, make use of a dynamic, shared budgeting strategy, frequently revising their financial plans due to ever-changing obligations. Austin primarily handles the drafting and updating of the budget due to his aptitude for numbers. They stress the importance of open communication regarding spending habits and urge equal respect for the shared finances. To address spending discrepancies, they've designated personal spending categories. Additionally, Austin announces his upcoming participation in the Revive Summit where he will discuss several topics, including financial management. The couple also stresses the importance of budget meetings for better finance management and encourages the receptive exchange of feedback concerning budgeting decisions. They reflect on their past financial lessons, such as implementing expense tracking systems and addressing budgetary misunderstandings.