Ready to avoid the biggest money traps and start generating true wealth? Then you’re going to love my guest today. I’m joined by Jedidiah Collins, former NFL player and financial literacy advocate. In this episode, we dive into the concept of money as a vehicle and how entrepreneurs can navigate their financial journeys effectively.
What We Dive Into:
– Define Your Financial Goals: Understanding what is “enough” for you is crucial. Without clear financial goals, it’s easy to fall into the trap of constantly comparing yourself to others.
– Value Your Time: Shift from prioritizing money to valuing your time. As you progress, start seeing your money’s time as an asset that should work for you.
– Invest Wisely: Begin investing as soon as you have a savings buffer. Understand that investing requires time and patience.
– Avoid the Credit Trap: Be mindful of how you use credit. Avoid paying more for items due to high interest rates by managing your credit responsibly.
– Create a Financial Plan: Have a structured approach to managing your finances. Understand your five money choices: taxes, past expenses, present needs, future savings, and compassion choices.
– Stay Teachable: Continuously learn and adapt. Surround yourself with knowledgeable mentors and professionals who can guide you through complex financial landscapes.
Connect with Jed Collins:
LinkedIn – https://www.linkedin.com/in/jedidiah-collins/
Your Money Vehicle – https://yourmoneyvehicle.com/
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About BUILD with Stephen Scoggins:
BUILD with Stephen Scoggins is dedicated to providing entrepreneurs and business leaders with the tools and insights they need to succeed. Every week we feature conversations with experts who share their experiences, strategies, and advice to help you build a thriving business and a fulfilling life.
