These days there’s a great deal of positive talk about ‘the economy’. Moreover, the focus is on government and big companies. Not a lot of realistic talk about our ‘personal economy’. We’ll talk about it in Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719.
Unvarnished Observations Of Someone Who Knows
In Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719 we hear the unvarnished observations of an experienced corporate and personal financial advisor.
Forget Wall Street. How Is Our Personal Economy?
What are the pitfalls for small business owners? How are families and individuals doing when it comes to personal finance? How is our personal economy these days?
Living The Dream. I Mean Delusion
When it comes to day to day financial management, it’s especially relevant to learn it’s pretty easy to live in a delusion, apparently. That goes for personal finance and business finance. Especially small businesses. This is just one of the key takeaways from our talk about why small businesses fail.
To be sure financial advisors love to talk about retirement and living your dreams and passions. Thing is, living the dream requires a spartan lifestyle. When you’re living high on the hog, spartan is not something you want to do. So, business owners sometimes find it easier to avoid accounting for all expenses.
Todd Rooker’s observations are important for younger adults and small businesses. One of the most useful is a detailed explanation of how to account for all spending. I was surprised to learn some of the most knowledgeable and self aware see only what they want to see, when it comes to expenses. Delusions. There’s that word again!
Psychology 101. Our Own Worst Enemy
Human psychology determines what we’ll admit when we start totaling up the monthly budgets. Effective planning means short circuiting our own biases.
Following Our Passion
People want to follow their passion. How do you do that? Why doesn’t it always work out? Lots of great suggestions in Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719 along these lines.
Day To Day
Truth is, most people are living day to day. Businesses started to serve a passion can fail. The root cause may be a surprise. Most noteworthy, is the idea it may be all about accounting for all the details and potential pitfalls when you first start out.
How do we plan and prevail?
Surviving and prospering is what it’s all about!
Sponsored by Reliafund Payment Processors and Ryan Plumbing and Heating of Saint Paul
Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719
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