Ep 0051 Living the Rich Life you Deserve with Michael Kay

Living the Rich Life you Deserve with Michael Kay

Money Learnings: Michael grew up without talking about money or it was the source of argument in his family. He learned, “if you wanted money you had to work for it”. Michael started working at age 13. Michael removed money arguments from his kids upbringing and he modeled good money behavior for his kids.

Takeaway: You have to take the time to determine what you want in life.

Action step: Have the conversation with yourself about what you want in life.

Highlights from this episode:

There is nothing wrong with hard work.
Michael started out as a CPA and started to build a side business. About 10 years later he went over to the financial services industry.
The Feel Rich Project – an outreach to help people discover their money mindsets.
Michaels firm is focused on helping people make money decisions and how to use their money to give them satisfaction in their life.
You need to start with your values.
Why should someone open up their financial life to a stranger?
Men have trouble admitting what they don’t know.
Many people don’t know where they are financially.
Money mindsets growing up. Where did yours come from, where are you today and where are you going.
Most people are not clear on their values – who has the time or focus to think about that?
What if things don’t work out, What’s plan B?
How do you build resilience?
“Man plans and God laughs”
Is golf the retirment answer?
What are you going to do when you retire? What does life look like?
Test your theory to see if that’s what you really want.
How to get people to overcome their irrationality?
Everyone looks at decisions through their own lens.
Make the decision of what you are giving up when you make a purchasing decision.
What are you most proud of?
We need to forgive ourselves for the problems we have had.
Find money experts to help you create your plan.

Affiliate link for Michael’s Book – The Feel Rich Project

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Bio:

Michael F. Kay is a Certified Financial Planner®, author and speaker on personal finance and financial life planning. He is the author of two books (The Feel Rich Project and The Business of Life) and he speaks and delivers workshops across the U.S.

His latest book, The Feel Rich Project, is about transforming your relationship with money?reaching clarity on what matters most and developing a personal plan to reach it.

He is the President of Financial Life Focus and a regular contributor to Forbes and Psychology Today.

I encourage you check out Michaels work at http://financial-lifefocus.com/ or michaelfkay.com

Connect with him: @finlifefocus or @michaelfkay

Check out this episode!