Journey To Launch

181- How to Build a Bigger Life (not a bigger lifestyle) & Become a Master of Your Money w/ Adam Carroll

Nov 11, 2020

48:50

How can you craft a life you love today while not waiting for the end goal of Financial Independence to be realized? How can you build a bigger life (not a bigger lifestyle) and become a master of your money? Adam Carroll is an internationally recognized speaker, author, podcaster, and retreat leader. He’s a two time TED Talk speaker with one of his talks surpassing 5 million views. Adam believes that we are all life architects and for him that means living his life according to 5 core values; family, freedom, love, growth, and connection. The more we get aligned with our core values, the more we are able to build a big life.

Adam and his wife work together as a team for their future vision and shared goal of Financial Independence. With him being on the financial offense (focusing on growing income) and her being on the financial defense (focusing on limiting their expenses), they make an effective team thus increasing their “life factor”. The life factor is limiting expenses and maximizing income which creates a giant spread. The bigger the life factor, the more free you can ultimately be. Using this strategy, Adam and his wife were able to pay off their mortgage early, take a month to travel through Italy and raise more financially aware kids. Adam shares that money is important because it gives us choices, options, and flexibility. While he is very close to reaching Financial Independence, he doubts he will stop working because he loves what he does- writing, speaking and storytelling.

In this episode you’ll learn:

How to build a bigger life and become an architect of your life
What is a “life factor” and how to create more balance on your financial journey
How to mentor and coach your children to be successful with money
Ways to build financial awareness with your children
How to break money cycles and much more...

Other related blog posts/links mentioned in this episode:

Adam gave a Ted Talk on what playing Monopoly with real money taught his kids.
Adam mentioned the book he read, “Smart Couples Finish Rich,” that helped him and his wife get on the same page
Check out the other tools that help me with my finances and business here.
Check out the Journey To Launch Podcast index here which categorizes all of the Journey To Launch podcast episodes by subject. Now you can binge on your favorite topics or type of episode.
Join The Weekly Newsletter List
Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
Watch me on News12 Watch my latest segments on News12
YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.