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Your down-to-earth resource for developing thoughtful financial habits, learning about investment vehicles, and creating a path to win at wealth. No matter your background or age, there's a path toward wealth for you. The process of building wealth is very simple, but it can be difficult to accomplish if you do not think about money correctly. I'll show you how to achieve financial success by using a common sense approach that allows for a healthy relationship with money. On this podcast, Jo ...
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Why Investing is Against Your Natural Instincts
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As humans, our brains are embedded with a natural instinct to survive. We constantly check our surroundings for danger and become hyper-vigilant when faced with uncertainty. We want to protect ourselves at all costs and react to perceived threats with a goal of self-preservation. While our survival instinct is necessary to keep us from harm’s way, …
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How Healthy Financial Habits Lead to a Healthy Credit Score
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Rather than focusing on an arbitrary number for your credit score, it’s equally important to focus on the habits that create your financial reality. Your credit score consists of your payment history, credit utilization rate, the length of your credit history, and the various types of credit you have open. Sure, a high credit score can better your …
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Ever think about what you’d do if you won the lottery? Maybe you’ve daydreamed about buying a bigger house, a faster car, or paying off debt for yourself and your family. Chances are you won’t actually win the lottery, but it’s still a good idea to build financial habits that can manage a large windfall of cash instead of blowing through it like so…
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Long-Lasting Wealth: Consistency is King
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The key to attaining financial freedom is not a magical secret, but a simple principle you've heard since childhood - consistency. Although it sounds simple enough, keeping a steady and disciplined approach to your financial decisions isn’t always easy, especially when the news cycle is brimming with reasons to trade now instead of invest long term…
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If you could travel back in time and give your younger self financial advice, what advice would you offer? Unfortunately, time travel doesn’t exist, so get ready to hear John share three of his biggest financial mistakes from his youth that made for a bumpy financial road and one of the greatest decisions of his life. While it’s admirable to learn …
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Although many believe time is money, time is the one thing money can’t buy. The sooner you pay off your debts and establish an emergency fund, the sooner you can save for long term goals like retirement. To younger generations, retirement often seems too far away, but older generations have expressed their number one regret is waiting too long to s…
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Stashing Cash for the Unexpected Yet Inevitable
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Money and wealth are not the same thing so it’s important to follow the 5 steps of the Winning at Wealth Program if you want to be financially successful. To review, the 5 Steps of Winning at Wealth are: Develop the proper money lens: Understand money and how it works. Budgeting: Live below your means so you can create savings and investments. Emer…
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Finding the Right Tools for Your Financial Goals
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There’s no such thing as a one-size-fits-all investment, so it’s imperative to research which investment tools make the most sense for you, and to recognize you’ll need more than one type of investment. Take time to zero in on your short- and long-term financial goals, and decide whether you need the liquidity cash offers or if you should ride out …
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If you want to win at wealth, you must always live within your means, whether you’re making $50,000 a year or $5 million a year. Finding a balance between how you want to live today and how you want to live in the future is key. Using a budget can be helpful to ensure you’re not overspending and that your money is working for you. The “50-30-20” bu…
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Making Deliberate Decisions With Your Money
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Saving for retirement in the future doesn’t mean you can’t enjoy today. However, there’s a level of discipline required around your decisions when it comes to how you spend your money now to ensure you have the retirement you want later. Little decisions add up and it’s important to know how to make your money work for you so it will compound itsel…
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Tracking Financial Progress With Savings Benchmarks By Age
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It’s never too early to start saving for retirement, but it can be challenging if you have debt, expenses that drain your income, or have no idea how much you’re saving from year to year. A good rule of thumb suggested by a recent Fidelity study is to have one time your income in savings by age 30. By age 40, that savings should increase to three t…
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Knowing where to invest your money is a critical component of winning at wealth. There's no one "right" way to invest and no perfect investment vehicle, but with a long-term perspective and patience, you can build wealth with very little effort. In this episode, John breaks down his personal investments and shares a reminder that investments requir…
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Seeing Market Volatility As An Opportunity
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Knowing your short and long-term needs is crucial to maintaining financial stability regardless of what the market does. In this episode, John discusses tangible and intangible investment options and why a market downturn doesn’t automatically mean bad news. In this episode, you’ll also hear: Recognizing the unpredictability of market downturns Com…
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Money vs. Wealth: Understanding the Difference
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There's a distinct difference between the definition of money and what it means to have wealth. Distinguishing between those two concepts and each one's overall impact on your personal finances is most important. If you want to increase your wealth, you must understand the relationship between money, service, and wealth creation. In this episode, J…
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In this show, independent financial advisor John K. Burdett II will cover everything from financial habits to investment vehicles to practical tips for winning at wealth. In this episode, you’ll also hear: John’s personal financial track record Importance of having a positive perspective Details about the Winning at Wealth Podcast Must-listen momen…
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