EP2 Personal Finance, Side Hustles and Will Power.
Jun 12, 2022
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This podcast explores achieving and maintaining moderate success in various aspects of life. Topics discussed include personal finance, side hustles, and using willpower to automate finances. Listeners learn about budgeting for success and how to choose side hustles that complement their expertise. The hosts also discuss the Barefoot Investor system for automating finances and reducing reliance on willpower, leading to transformative effects such as paying off debts and improving financial stability.
12:10
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Quick takeaways
Spending significantly less than you earn is crucial for financial success, regardless of income level.
Using a budgeting system, like the Barefoot Investor method, helps automate financial practices and removes the need for constant willpower.
Deep dives
Finding Tools for Moderate Success
This podcast aims to provide tools, strategies, and experiences for achieving and maintaining moderate success in life, focusing on building a great business without the pressure of massive success.
Personal Finance: Spend Less Than You Earn
The podcast emphasizes the importance of spending significantly less than you earn, regardless of income level. It's not about how much you spend or earn, but the difference between the two. The speaker shares insights on side hustles that align with your core focus and increase your income.
Budgeting and Automation
The podcast recommends using a budgeting system, such as the Barefoot Investor method, to automate financial practices. By front-loading the work and separating income and expenses into different buckets, individuals can remove the constant need for willpower and make sound financial decisions.
Building a business is hard. Maintaining healthy relationships with those that you care about is hard. Staying fit and healthy in your body, your mind and your emotions is hard. This podcast is about finding and sharing tools, strategies and experiences that may help you to achieve and maintain moderate success in your life, whatever that means to you. There is a ton of content created by the billionaires, the ultra successful athletes, and by people that are at a level that the vast majority of us will just never get to. And if you're anything like me, you're totally okay with that. This is a place where we talk about how to build a great business, but not necessarily a massive one. A place to talk about how we build a life that is balanced and integrated, but not necessarily optimised to levels that are not realistic for most of us. In short, it's a place where we explore how to be moderately successful. The work will always remain yours, and for the most part, it's simple, but not easy. I sincerely hope it's valuable to you.