Can anyone become a Financial Genius? Often times knowing what not to do is half the battle. In this episode we’ll explore the very simple strategies you can implement to create your personal financial fortress!
What if we told you that financial genius is a practice – of not just doing the right things but also steering clear of those that drag your finances down in the long run? The majority of us don’t want to think about not having enough money to live our lives happy and healthy even after we slow down from our peak earning years. But have you wondered how we end up paying irrationally MORE money by falling prey to debt?
Yes, you heard right. To open the doors to your financial genius, you need to rethink your purchases, stop amassing debt and begin investing in assets, in particular income producing assets. And yes, you need to start a war with debt!
In Episode 10 of The Family Business Podcast, we discuss the simple and effective ways to become your own Financial Genius and to set yourself up to live your life financially free! Today we learn from the life lessons of legendary investor and philanthropist Peter Lynch, who revolutionized the mutual fund investor market with his unique approach to investing in companies.
We discover:
- Financial Genius as an ambiguous category of Genius
- Why it’s crucial to know what NOT to do with your money
- Investment in companies the Peter Lynch way
- Knowing how much you should be investing (and where and why)
- Waging WAR on Debt
- Mastering paying yourself first
- The importance of being consistent and balancedResourced Mentioned:
- Books by Peter Lynch –
- One Up On Wall Street: How To Use What You Already Know To Make Money In the Market
- Learn to Earn: A Beginner’s Guide to the Basics of Investing and Business
- Beating the Street
- Fidelity Magellan Fund
- Find Murray on LinkedIn @Murray Miller
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