Travel and Earn

Key Takeaways

  • There are ways to take some time off to do something you like to do and make a little money to help pay for it.
  • The gig economy applies to more than just ride-sharing or home-renting services. There are many seasonal job opportunities that you can pick up when and where you want.
  • With a little prior planning, you could pick up a seasonal gig for a few months and enjoy an activity that you love doing, get some travel in, and be able to pay for it.

The Money Mentor

Key Takeaways

  • Why recreate the wheel when you can learn from others who have been successful with their money?
  • Mentoring is especially important when discussing money coming in to the hands of people who are not used to having it.
  • Good money mentors can make a big difference in your life by helping you make good, smart decisions about your money.

The Great Wealth Transfer

Key Takeaways

  • Over the next decade or two, there will be a huge transfer of wealth to younger generations estimated at up to 40 trillion dollars.
  • If you have a lot of money you plan to transfer to your children or grandchildren, start to communicate and work with them now. It takes about a decade for people to get used to dealing and operating with a lot of money.
  • By involving younger generations in learning how to work with wealth now, you help them learn how to control the money versus the money controlling them.

The 3 Core Money Elements

Key Takeaways

  • Good money habits are built around your cash flow, taxes, and balance sheet.
  • Review your cash flow, taxes, and balance sheet on a regular basis. Don’t hesitate to make the necessary adjustments so you can keep them in balance.
  • Your balance sheet should provide assets for the short term, intermediate term, and long term. Lean toward investments that are tax-advantaged.