In this episode of Beyond the Bombshell, host Michelle and guest Josh discuss the importance of realizing where one's money is going and how much is being spent, invested, and owed. They introduce the 'LID exercise'- a strategic system that involves assessing the individual's Lifestyle, Investments, and Debt. They also delve into the impact of current interest rates on mortgages and the ongoing inflation issue. They highlight the reality of people living paycheck to paycheck and share a Mexican fable, illustrating the irony of our pursuit of wealth and comfort. Michelle and Josh advocate for a balance between pursuing business opportunities and enjoying life's simple pleasures.

00:00 Introduction and Welcome

00:00 The Struggle of Starting a Conversation

00:23 The Importance of Financial Health Check

02:23 The Reality of Financial Management

04:14 The Impact of Lifestyle Choices on Finances

05:04 The LID System: Lifestyle, Investments, and Debt

07:07 The Challenge of Balancing Lifestyle and Financial Health

12:09 The Experiment: Cutting Down on Groceries

15:07 The Future: Setting Up Kids for Financial Success

16:52 The Reality of Self-Employment

17:30 The Struggles of Work-Life Balance

17:45 The Power of Podcasting

19:19 The Importance of Financial Health Check

20:03 The Consequences of Ignoring Financial Health

21:18 The Reality of Inflation

22:36 The Importance of Starting Now

28:38 The Fable of the Fortune Hunter

31:24 The Importance of Financial Planning

33:01 The Role of Support in Financial Health

34:57 Conclusion: The Journey to Better Financial Health

Remember to Subscribe, Rate, Review, Like, and Share! 

Let’s Connect!

Follow Michelle Stokes on;

LinkTree: https://linktr.ee/bombshell.by.michelle