185 The One Where We Talk About How To Make Your Money Work For You

 Nation! We’ve received many write-ins from our audience asking how to invest and start saving for retirement. We listened, and I brought in one of the smartest guys I know about those subjects, Wealth Advisor Scotty Neal. Scotty is a friend I met through our Mastermind group, and he has over 25 years of Wealth Advisory experience. Scotty is part of a Wealth Advisory Team that primarily works with a small group of successful business owners, professionals, and executives who are five years out (or less) from an exit. He is an expert at listening to his clients’ needs and catering a financially sound investment plan crafted to his clients’ specific wealth goals.  

Scotty is going to share financial advice with Scaling Up! H2O listeners which he would give to people who are just starting their investment journey, to individuals well into their retirement years. We’re going to discuss everything from credit card debt to creating your first budget to which program is right for you:401(k), IRA, ROTH IRA, Mutual Funds to BBQ, yes, that’s right, BBQ. 

I hope that if you listen to today’s podcast, you will be empowered to take steps towards securing your financial future. We love hearing from you, our listeners! If you have an idea for a future show, or have a question you’d like me to answer in a Pinks and Blues Questions from the Nation episode, please send us a message HERE. Thanks and enjoy today’s podcast! 

 

Timestamps:  

Trace’s challenge: Everyone has expectations of you. Are those expectations clear? The next time you are talking with someone, make sure both sides clarify the expectations so you can equally move forward with confidence [00:10] 

James’ Challenge: Explain cycles of concentration to a non-technical person. [06:15] 

Introducing Scotty Neal [10:20] 

Let’s talk about money [16:10] 

How do I know if I am saving enough? [27:50] 

What is the best way to invest in your future: 401(k), IRA, Roth IRA, Mutual Funds, SEP? [29:45] 

How do stimulus checks work? [33:45] 

Where should I start investing and how do you know what’s best for me? [39:00] 

What is the advice you give to people with different levels of investment experience? [42:12] 

What is the biggest mistake people make over and over again when it comes to investing? [53:20] 

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