What financial goals do you have, and how far are you from achieving your goals? Every financial goal needs a financial plan. Creating a plan and implementing it can be better achieved with the help of a money coach.
In this episode, Sharran walks you through 10 lessons he learned from a recent debrief with his money coaches, Russ Morgan and Joey Mure. These amazing individuals have made it their mission to share strategies for creating passive income streams to help people achieve financial freedom through their podcast, Wealth Without Wall Street. Having them as your coaches will influence your aspirational beliefs around money and take you on a joyful and abundant journey to financial freedom.
The lessons outlined here, which you probably won't hear anywhere else, are a combination of lessons for life, tactics for investing, and a way to think about a bigger and better future for yourself and your family. So make sure to take advantage of this super important episode. It will definitely change your life for the better!
“If you don't have energy in the bank, it doesn't really matter how much money you have in the bank.”
- Sharran Srivatsaa
04:42 Lesson #1: You cannot outperform how you feel
05:46 Lesson #2: Every money goal needs a money plan
09:36 Lesson #3: Most investors have big goals with a small system
11:02 Lesson #4: At some point, it's okay to dial back your lifestyle to get your investments to start working for you
14:24 Lesson #5: Look for strategies to extract locked-up money in your retirement account; Otherwise, you're hamstringing yourself from using your own resources today to create passive income opportunities right now
16:42 Lesson #6: Just like using other people's money, you could also use other people's audiences if you do right by them
17:57 Lesson #7: Partner with people who have similar values but different skillsets
18:40 Lesson #8: Money is only one part of the investing equation, and it's often the easiest to create or raise when the rest of the pieces are aligned
20:09 Lesson #9: Wealth creation is all about building infrastructure, not just chasing the next hot deal
22:01 Lesson #10: There are numerous paths to financial freedom, and the most important thing to do is just pick a path and start