“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.
In this episode of Suite Talk we have a conversation with Sam Barcroft, founder and CEO of Barcroft Media, a digital media company with multiple lines of business and a massive global reach.
“I’ve been passionate always about incredible stories and always think there is nothing more wonderful than a true story,” says Sam.
Barcroft’s story begins in 2003, with him working as a freelance photo journalist who was generating enough projects to hire someone to lighten the load and spread the wealth.
“I started my own company based upon the fact that I thought there were some opportunities for me to go it alone and take my work in the direction I really wanted to do, free of working for anyone else directly.”
From the backroom of a North London flat, Barcroft Media now has offices in London, New York City and New Delhi. Barcroft TV is the second most popular YouTube news channel with 68.2 million views. Barcroft’s production company and wire service provide content for a host of global brands like National Geographic, BBC, Discovery Channel and MTV.
On Suite Talk, Sam shares with us the philosophy that has fueled the rapid growth of Barcroft Media from a one-man shop in North London to having 70 plus employees on three continents. (Hint: small steps)
More importantly, we learn how he inspires and empowers his team to implement the company’s vision to produce “amazing content.”
Along the way, we gleam Sam’s insights to business, which are informed in part by watching his father struggle as a small business owner and almost losing the family home; and being part of a Hip-Hop band doing £50 a show.
“I say to a lot of people, if you are looking to start a business whatever you do don’t spend any money,” advises Barcroft. “Use your energy, your cleverness, your mobile phone, run your business for nothing from your back room. And then if you can get momentum with that then use up some favors but not borrow any money and not spend any money then you will always have business that will always be looking after you, rather than you look after it.”
Despite leading a far-flung global enterprise that carries his name, Sam is astonishingly laidback. In this interview, we learn how he (and you can) disconnect from work and relax and enjoy your family and some of life’s other pleasures.
“I put myself in a forced exile every weekend, and I’m careful not to take my mobile phone into the bedroom,” said Barcroft. “Recovery is really important, when you’re working hard you have to be bold with recovery.”
Lean in, lean back and enjoy.
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Here is a roundup of news and information from other sources across the web to help you keep thinking good:
The Art of Manliness: 11 Ways to Strengthen Your Attention “Try to attend steadfastly to a dot on the paper or on the wall. You presently find that one or the other of two things has happened: either your field of vision has become blurred, so that you now see nothing distinct at all, or else you have involuntarily ceased to look at the dot in question, and are looking at something else. But, if you ask yourself successive questions about the dot,—how big it is, how far, of what shape, what shade of color, etc.; in other words, if you turn it over, if you think of it in various ways, and along with various kinds of associates,—you can keep your mind on it for a comparatively long time. This is what the genius does, in whose hands a given topic coruscates and grows.”
Mic: Music for Your Mind and More “What we found was the more a child trained on an instrument,” Hudziak told the Washington Post, “it accelerated cortical organization in attention skill, anxiety management and emotional control.”
“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.”
In 2009, she was appointed by the White House to the Center for Faith-based and Neighborhood Partnerships at the U.S. Department of Health and Human Services (HHS) in 2009, serving throughout the Obama Administration.
She served as the Director and her portfolio included engagement on minority health outreach and health disparities reduction strategies.