In this episode, Richard speaks with Caley Dimmock, wealth strategist and entrepreneur, about her journey to financial empowerment. Caley shares her insights on overcoming common misconceptions about money, balancing entrepreneurship with family life, and building lasting wealth. She emphasizes the importance of financial literacy, mindset, and surrounding oneself with supportive individuals.
Key Takeaways:- Addressing Common Misconceptions About Money
- Caley tackles the misconception that wealth is inherently evil, emphasizing the potential for wealthy individuals to contribute positively to society.
- She addresses the belief that one needs a significant amount of money to start investing, encouraging small, consistent steps.
- The Nuances of Debt and Risk Management
- Caley distinguishes between good and bad debt, using her own experience with a property well repair to illustrate how debt can be a strategic tool.
- She emphasizes that risk tolerance is personal and dependent on individual circumstances, highlighting the importance of a safety net.
- Balancing Entrepreneurship and Family Time
- Caley shares how she structured her business to allow for significant work-life balance, prioritizing expertise over time-for-money exchanges.
- She acknowledges the challenges of balancing work and family, particularly with young children, and the importance of setting boundaries.
Links & Resources:Website:
caleydimmock.comCaley Dimmock on LinkedinSubscribe to Generations of Wealth and Contact Richard at
rlandzaat@summafinancial.ca or
richard@portaviamgt.comGenerations of Wealth is produced by
Story Studio Network.
