Other people's time, knowledge, and expertise: the Ultimate Leverage with Alan Franks - Episode- 533

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In this enlightening episode, Dr. Allen and financial planner Alan Franks discuss the significant difference between making a good living and building real wealth. They explore the importance of aligning financial goals with personal values, the impact of technology on work and wealth, and the necessity of maintaining productivity and fulfillment in life. The conversation emphasizes the need for a lifestyle-first approach to financial planning, the role of relationships in a tech-driven world, and the psychological costs associated with changes in the workforce due to AI.

Main Points:

• There's a massive difference between making a good living and building real wealth.
• Creating wealth that works even when you don't is essential.
• Understanding where you are financially is the first step to planning.
• Values and purpose should guide financial decisions.
• The impact of technology on work is profound and requires adaptation.
• Productivity and fulfillment are crucial for a meaningful life.
• AI and technology will change the workforce, but relationships will remain vital.
• We need to shift from a scarcity mindset to one of abundance.
• Helping others achieve their financial goals is deeply fulfilling.
• Leaving a legacy is about helping others create their own.

Connect with Alan Franks:

• [e-mail]
• https://empowered-money.com/
• https://www.instagram.com/empoweredmoneypod
• https://www.youtube.com/@empoweredmoney