230: Building Wealth for Beginners w/ Edward R. Williams

About this episode:  In this week’s episode, Tatum interviews Edward R. Williams, Author/Principal and CEO of Williams Financial Group where they talk about wealth building in your personal business affairs as well as in your entrepreneurship journey, no matter what stage you are in financially. Key Points: Edward talks about how he got into the field of financial education, planning, and advising (2:55). Edward talks about the decisions that led to him losing all of his money in his early adult years (4:27). Edward talks about the first step he took to build wealth (6:57). Edward talks about how to have the discipline and mindset to sustain wealth (7:58). Edward talks about why he chose to start serving the church community (14:32). Edward talks about the mindset shift required to go from a consumer mindset to a wealth mindset (20:49). Edward talks about what should be done independently vs consulting a professional when it comes to wealth building (30:01). Edward talks about good ways to start a retirement fund for full-time entrepreneurs (31:51). Edward talks about how to deal with debt consolidation on a fixed income (33:08). Edward talks about daily habits that can be incorporated into your life to start building wealth (34:54). Edward talks about what to do when the debt you have feels overwhelming (43:12). Edward talks about teaching your children about finances (46:39). For more information on our guest and how to work with Williams Financial Group, visit https://edwardrwilliams.com/ Instagram: https://www.instagram.com/edwrwilliams/ Facebook: https://www.facebook.com/edwrwilliams/   Sponsors: This episode is sponsored by Skillshare Our Sponsors:* Check out BetterHelp and use my code betterhelp.com for a great deal: https://www.betterhelp.com* Check out IXL and use my code TODAY for a great deal: https://www.ixl.com* Check out NetSuite and use my code netsuite.ai/BLESSED for a great deal: https://www.netsuite.com* Check out Super.com and use my code super.com/credit for a great deal: https://super.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy