Money Talks - Planning for Financial Success in the Trucking Industry with Erik Garcia

In this episode of Get a Load of This podcast, Cameron Pechia, Thomas Comstock, and Ryan Young are joined by Erik Garcia, Certified Financial Planner (CFP®), Owner of Garcia Financial Group and Host of the Stuff About Money They Didn’t Teach You In School podcast, to discuss using a AAA roadmap approach to financial freedom using your trucking revenue.  Episode Highlights: Erik introduces himself and explains that he is a Certified Financial Planner (CFP®). (04:09) Erik shares that “fiduciary” is a fancy word for "I have to provide my clients suggestions and guidance that are in their best interests." (04:20) Erik mentions that financial planning and advice are becoming an increasingly important element of his profession. (06:10) Erik thinks that running a business is similar to running a household. (12:02) Erik believes that just making a lot of money does not equate to financial success. Successful people turn their earnings into wealth. (18:18) Erik agrees that owners make money by increasing the effectiveness and efficiency of their businesses. (36:46) Erik loves writing and is a huge fan of technology and digital. (41:19) Erik advises one simple rule, which is not spending all of your income. (43:39) Erik believes that the greatest approach to begin financial planning is just to become conscious of how you spend your money. (48:39) Erik shares the importance of giving. (58:33) Key Quotes: “That's what planning is, we are saying hey, where do you want to go? Okay, why is it important for you to go there? And let's make sure we're on the right track to get there. And money is the vehicle that's going to get you there.” - Erik Garcia, CFP® “The key to building wealth is spending less than you make and saving as much as you can and not doing anything foolish with your money. No matter what income you make.” - Erik Garcia, CFP® “Owners make money by making the business more effective, more efficient. By planning,” - Erik Garcia, CFP® Resources Mentioned: Erik Garcia, CFP® - LinkedIn Garcia Financial Group  Stuff About Money They Didn’t Teach You In School Cameron Pechia Thomas Comstock Ryan Young Valley Trucking Insurance