241-Setting and Achieving Financial Goals: Interview with Casey Lewis
Sep 21, 2015
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Casey Lewis, experienced in personal financial management and debt freedom, shares his wisdom on goal setting, achieving financial goals, and personal financial management. The conversation highlights Casey's expertise in real estate and touches on multiple streams of income and online business. They also discuss the benefits of Teachers Pay Teachers for teachers and the importance of outsourcing, managing finances, and tracking expenses. Casey recommends favorite personal finance books and emphasizes goal setting and planning for the future.
Education and better decision-making are crucial in transforming finances.
Setting goals and consistently taking action leads to financial success.
Finding multiple streams of income increases earning potential and financial security.
Deep dives
Casey Lewis shares financial transformation journey
Casey Lewis, a financial blogger and coach, shares his personal financial journey and how he and his family were able to dramatically transform their finances. He highlights the importance of taking control of your education about money and making better financial decisions. Casey also emphasizes the value of setting goals and taking action to increase your income. He discusses the concept of having multiple streams of income, including starting a side business or leveraging existing skills. Casey's story is a testament to the power of hard work and perseverance in achieving financial success.
The importance of budgeting and taking action
Casey promotes the idea of using pen and paper to create a budget and track expenses. He emphasizes that there is no secret software that will magically improve your finances. By writing down your financial goals, taking action, and making better decisions with your money, you can start making progress towards financial independence. Casey encourages individuals to focus on one aspect of their finances at a time, whether it's budgeting, debt reduction, or increasing income, and consistently taking steps towards improvement.
Creating multiple income streams
Casey highlights the importance of finding multiple ways to earn income. He suggests exploring opportunities like asking for a raise at your current job, applying for higher-paying positions, or starting a side business. Casey encourages people to recognize their unique skills and passions and find ways to monetize them. He illustrates this with examples like teaching, writing, and offering specialized services to earn additional income. By diversifying income sources, individuals can not only increase their earning potential but also have more financial security.
The power of goal setting and discipline
Casey discusses the significance of setting financial goals and breaking them down into actionable steps. He emphasizes the importance of discipline and consistency in achieving these goals. By tracking progress and making adjustments along the way, individuals can build financial mastery over time. Casey also highlights the role of contentment in personal finance, challenging the idea of constantly needing more and instead focusing on finding fulfillment in financial stability and freedom.
Recommendations for financial resources
Casey suggests a couple of financial resources that can be helpful in personal finance. He recommends Dave Ramsey's books, particularly 'The Total Money Makeover' for getting started with financial education and 'More Than Enough' for learning contentment in relation to money. Casey also mentions 'Rich Dad Poor Dad' as a valuable resource for understanding the mindset shift required to transition from being an employee to a business owner and investor. Overall, Casey's insights and recommendations provide guidance for individuals on their journey towards financial well-being.