I love to cook! It’s a skill I learned early in life, thanks to Mom. I can’t remember a time I wasn’t her sous chef, unless one of my aunts was in the kitchen, too.
When I was about 10, old enough to stay home by myself during the summer, Mom would have me defrost the meat, usually chicken, when she left for work in the morning. Throughout the day, she’d call with instructions to season the meat, preheat the oven, start the rice or pasta and begin steaming the vegetables.
By the time she arrived home in the evening, dinner was served.
I didn’t know it then, but Mom’s daily instructions got me hooked on cooking, a passion I want to pass on to my own two boys.
Get ready to laugh and be inspired in this rollicking conversation with The Bowtie Comedian Mike Goodwin as we explore fatherhood and marriage, developing the confidence to believe in yourself, learning from failure, money management and more.
Our conversation with Mike is a must listen if, you are like so many in the Thinking Good community who want to get the most out of your professional pursuits while also giving the most to your personal passions.
“Traditional financial planning says that you should have 3 to 6 months of living expenses … In a perfect world this is true,” Lea says. “Admittedly, this can be difficult to do. You should always have some savings, but while you’re working on the other steps, $1000 should be enough cushion to get you over most things that could come up.”
“This is the hardest one for most people,” Lea says of understanding how folks spend and on what. But, he says, “tracking your expenses will help you understand where your money is going and how it is used. Budgets also help you avoid spending unnecessarily.”
Listen to learn more! Here you can find out Wilson’s advice on saving for retirement and eliminating debt. Next week we’ll talk with Wilson about developing strategies to build and maintain a liquid savings.
“What I suggest is that you start with the smallest balance credit card and make bigger payments on that card and make the minimum payments on other cards,” says Lea of Parallax Advisors, a boutique wealth management firm based in Irvine, CA. “As you pay off the smaller cards take those payments and move them up with the payments on the next biggest balance.”
With over two decades of expertise, Wilson has a proven track record of helping businesses, executives, retirees and families meet their financial goals.
Listen to learn more! In case you missed earlier portions of our conversation, you can find them here and here. Next week we’ll be talking about creating a budget to better help you achieve your wealth aspirations.
In this segment of our chat we focus on saving for retirement.
“This is a must, must, must,” says Lea, a wealth managment advisor with over two decades of experience in finance. “If you are working full time, you HAVE to save your money … Zero percent is not an option. Pay yourself first.”
Brought to you in several parts (look for a new installment every Wednesday in January & early February) we break the conversation in to bite size chunks to help you focus on the key elements of getting your finances in order and setting you on a path to wealth accumulation.
Here we introduce the topic in a way that demystifies wealth and money management before methodically dissecting each of Wilson’s 4 Wise Wealth Tips for Your Wallet: Save for Retirement; Pay Down Your Debt; Budget and Build Up Your Liquid Savings.
Be on the lookout for subsequent parts of our conversation with Wilson each Wednesday for the next few weeks, and chats on other wealth related topics in the months beyond. But for now, lean in, lean back and enjoy!
Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.