29. Q&A on Building Multiple Income Streams and Financial Freedom
How do you build your path to financial freedom?... This Q&A episode will help!
In this episode, Lewis Haydon discusses the ultimate guide to financial freedom. He explains the concept of a financial mindset, which involves understanding the importance of transactions and long-term gain. Lewis emphasises the need to focus on the lifetime value of customers and the compounding effects of investments. Lewis also provides insights on creating a roadmap for financial freedom, building multiple income streams, managing money and debt, and the psychology of money.
Welcome to the A-Players (and the 100K Club) Podcast where Lewis Haydon, coach to VERY high income earners, shares with you the game of climbing the money and wealth ladder by providing you with the tools, psychology, business leadership skills, interviews and lessons from high net worth individuals to help you reach 100K a year and beyond.
➤ Check out full episode on YouTube
Takeaways:
1) Developing a financial mindset involves understanding the importance of transactions and long-term gain.
2) Focus on the lifetime value of customers and the compounding effects of investments.
3) Create a roadmap for financial freedom by setting a financial goal and breaking it down into smaller steps.
4) Build multiple income streams by identifying what excites you and finding ways to generate income from it.
5) Manage money by tracking income and expenses, and invest in personal growth and learning.
6) Manage debt by considering whether it is for leverage and scaling or for luxury items.
7) Understand the psychology of money and allow cash to flow by investing in various areas and surrounding yourself with the right mentors and coaches.
Chapters:
00:00 Introduction
01:12 Understanding the Financial Mindset
10:56 Building Multiple Income Streams
15:50 Managing Money and Debt
23:39 Conclusion
Keywords:
financial freedom, financial mindset, transactions, long-term gain, lifetime value, compounding effects, roadmap, multiple income streams, managing money, managing debt, psychology of money
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