EPISODE · Oct 9, 2022 · 41 MIN
#60 How to stay on track and avoid shiny object syndrome
from Money Minded · host Passive Income Project
Ask us a question or suggest a topic 🤙In this episode, Ryan and Terry discuss the most important mechanism for developing a sense of conviction and direction for your financial future: your financial plan. It's well known that behaviour accounts for the majority of investor returns, and a well constructed financial plan is one of the most important behavioural tools that exists. And, it is much simpler than we're often led to believe. If you want to know how to avoid the biggest mistakes most investors make, this episode is for you. Also in this episode:What a financial plan actually is (and what it's not) The three 'jobs' a financial plan must accomplish The 6 core elements any financial plan should have 👉 Level up with CompassGet started using the only habit formation system for personal finance.Other LinksShow notes: Click here to see notes on this show and all resources & links mentioned.Private podcast community: Click here to get to know us better, debrief episodes and access our top 100 resources.Corporate program: Click here to find out more about our workplace programFollow us on Instagram: Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. The NEW Money MentorshipLearn more about the Home Equity Accelerator here Turn insights into action with Terry's episode coach Join our podcast communityGet live updates, talk shop with us and meet like minded legends in our digital treehouse. Click here to get access now.🔗 https://www.facebook.com/groups/4609737389252111Find out your financial skill scoreDo you have the money skills to fund your goals? Take the 4 minute quiz here🔗 https://financialskill.scoreapp.com/
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Ask us a question or suggest a topic 🤙 In this episode, Ryan and Terry discuss the most important mechanism for developing a sense of conviction and direction for your financial future: your financial plan. It's well known that behaviour accounts for the majority of investor returns, and a well constructed financial plan is one of the most important behavioural tools that exists. And, it is much simpler than we're often led to believe. If you want to know how to avoid the biggest mistakes mos...
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#60 How to stay on track and avoid shiny object syndrome
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