Money impacts almost every aspect of our lives. It affects where we live, the car we drive, and how we manage it can even impact the quality of our relationships. Money is the thread that is woven through so many life plans and decisions. Co-hosts Erik Garcia, CFP®, and Dr. Matt Morris, LPC, LMFT, bring together their respective expertise in financial planning and family counseling to discuss how to build healthy relationships, build your wealth, and build your life.
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Money impacts almost every aspect of our lives. It affects where we live, the car we drive, and how we manage it can even impact the quality of our relationships. Money is the thread that is woven through so many life plans and decisions. Co-hosts Erik Garcia, CFP®, and Dr. Matt Morris, LPC, LMFT, bring together their respective expertise in financial planning and family counseling to discuss how to build healthy relationships, build your wealth, and build your life.
3 Decisions Warren Buffet Says Will Change Your Life
Building Us
37 minutes
4 years ago
3 Decisions Warren Buffet Says Will Change Your Life
In this episode of Building Us podcast hosted by Dr. Matt Morris, LPC, LMFT, and Erik Garcia, CFP®, Erik and Matt explore some of Warren Buffet’s life-changing philosophies. ‘Hit fewer bad shots' is Erik's advice for improving his golf game...But, what does Warren Buffet advise about your internal scorecard of success? Listen up!
Episode Highlights:
Erik shares a recent article from inc.com, entitled, Warren Buffett Believes 3 Decisions in Life Separate Those Who Succeed From Those Who Fail. (1:05)
Erik explains more about who Warren Buffet is. (1:25)
Erik gives us the first piece of advice from Warren Buffet, that separates those who succeed from those who fail. (8:21)
Erik discusses Warren Buffet’s philosophy on clear communication. (10:15)
Matt explains how you can learn to become a better communicator. (10:52)
Matt shares the second piece of advice from Warren Buffet: How to measure success by using your inner scorecard. (17:36)
Erik explains the importance of scorecards and measuring. (22:44)
Matt gives us the final piece of advice from Warren Buffet: Pay attention. (27:07)
Erik shares some advice from a financial advisor’s standpoint. (32:19)
Key Quotes:
“If you can make less poor decisions with your money, not better decisions necessarily, just less bad once consistently... that's going to add up, it's going to accrue, it's going to accumulate, and you have a good shot at being successful.” - Erik Garcia, CFP®
“Other ways to invest in yourself will really help you insulate yourself against unknowns in life, and economic downturns, and changes in the job market. If I can continue to grow and develop, and be flexible, I can usually find success somewhere out there.” - Dr. Matt Morris, LPC, LMFT
“If you invest in your relationships, they're not perfect investments, but you'll most likely receive a lot of love and care and concern that will make your life full.” - Dr. Matt Morris, LPC, LMFT
Resources Mentioned:
Warren Buffett Believes 3 Decisions in Life Separate Those Who Succeed From Those Who Fail
Erik Garcia, CFP®
Dr. Matt Morris, LPC, LMFT
Garcia Financial Group
Matt Morris & Associates
Building Us
Money impacts almost every aspect of our lives. It affects where we live, the car we drive, and how we manage it can even impact the quality of our relationships. Money is the thread that is woven through so many life plans and decisions. Co-hosts Erik Garcia, CFP®, and Dr. Matt Morris, LPC, LMFT, bring together their respective expertise in financial planning and family counseling to discuss how to build healthy relationships, build your wealth, and build your life.
