As a leader, you know you need to make wise and efficient financial decisions. But you can also make a real impact in other peoples’ lives by helping them learn to be smarter with their own hard-earned money.
In this episode, we’ll help you better understand investing and building wealth, so you and your team can live your fullest lives. This information is so important for a well-rounded leader.
Fun fact: The average millionaire in the U.S. spends 8 hours a month analyzing their net worth, bank statements, assets and liabilities, etc. Financial literacy is absolutely worth the effort.
Take the First Step:
I highly recommend a Profit & Loss Statement and a Pro Forma sheet as the first steps toward financial literacy. If you’re interested in one or both of these tools, send me an email at jon@getforwardfocused.com and we’ll get you a copy.
___
Chapter Breakdown:
00:00 - Intro
2:55 - Hypothetical Financial Situation
05:06 - Time - Your Most Important Asset
05:41 - Cash on Cash Return
06:48 - Return on Investment
07:53 - Understanding Passive Income
8:18 - Savings Account
09:17 - Award Certificate of Deposits
10:40 - Money Market Account
12:04 - Credit Union vs Bank
13:22 - Securities
15:46 - Profit & Loss and Pro Forma Sheet
16:46 - Money Isn't Good or Bad
19:04 - Outro
__
Follow us on Facebook --- www.facebook.com/getforwardfocused
Connect with us on Instagram --- www.instagram.com/getforwardfocused
Subscribe on YouTube --- www.youtube.com/@getforwardfocused