Financial Planning 101: Rewiring Attitudes for Wealth Building Success

Key Takeaways:

• Feeling overwhelmed by financial situations can hinder decision-making. Take time to find balance and equilibrium before tackling financial issues.
• Impulsive spending is often a result of unmet desires. Address the root cause and work on emotional balance to change spending habits.
• Financial success is not limited to luck or privilege. Positive mindset and expectation play a significant role in attracting luck and opportunities.
• Fear is an energy of depression and can lead to negative financial outcomes. Practice moving through fear and focus on attracting positive outcomes.

Chapters:

 

| **Timestamp** | **Summary** |
| ------------- | ----------- |
| 0:00:38 | Introduction to the series on Financial Planning 101 |
| 0:01:12 | Overcoming the feeling of being overwhelmed by financial situation |
| 0:03:00 | Finding balance and clarity before making financial decisions |
| 0:05:29 | Dealing with impulsive spending and the importance of relaxation |
| 0:08:07 | Understanding luck and how positive mindset attracts success |
| 0:09:42 | Believing in financial success regardless of luck or privilege |
| 0:11:00 | The role of optimism and positive mindset in attracting luck |
| 0:12:14 | Enjoying the journey and finding joy in taking action |
| 0:13:25 | Overcoming fear of making mistakes and losing money |
| 0:14:23 | Maintaining emotional equilibrium to face challenges with confidence |
| 0:14:47 | Fear attracts non-intelligent impulses that subtract money from experience. |
| 0:15:30 | Practice moving through fear to master emotions faster. |
| 0:16:03 | Everyone goes through the emotional journey at different speeds. |
| 0:16:31 | Fill the fear, but don't live in it. |
| 0:16:37 | Disclaimer: Information presented is for educational purposes only. |

 

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Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.