Happy 50th Episode, friends! We are so grateful to our listeners for joining us on this journey. Thank you to our guests this past year and especially to those who have shared your stories with us - we are cheering you on and can't wait to share another 50 episodes together. In this Episode we outline the key principles in creating your financial narrative - the "three legged stool" of owning a business, cash flow (money) and real estate.
After sitting down with Investment Advisor, Daniel Johnson III last week, we wanted to explore the foundational principles and action steps that can better prepare us for financial success. As you may have discovered, it's one thing to enjoy a great story but it's quite another to be able to write one - especially when we are unfamiliar with the metrics of great stewardship.
Wealth and financial independence dont happen overnight and they certainly dont happen without significant planning and focus.
The following are part of a basic outline to consider when assembling the elements of your story. In our experience, it is helpful to think about it as a house with many floors built on the foundation of Biblical principles of stewardship:
1. Foundation: (Meta Narrative) - The Gospel and biblical narrative of stewardship/investment
2. First Floor: Our Kingdom Values in Tension with the Macro Narrative - the macro narratives being
3. Second Floor: Debt, Savings and Hedging Coupled with Planned Generosity
4. Third Floor: The 3 Legged Stool of Business Ownership, Cash and Cash Flow, and Real Estate
5. The Apex of the House: Having a Redemptive Influence over our families, neighbors and community
Resources and Mentions:
Daniel Johnson III, CFP, CEPA
Refocus Financial Planning
Tamsin Webster - The Red Thread
Contact:
PW Gopal
www.pwgopal.com
pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.com
Mike Hatch
www.empoweredmanhood.com
mikehatch@thebluecollarmoney.com