Ep 0073 Living a Life on Purpose, Teaching Money Mindsets with Brad Nelson

Living a Life on Purpose

Teaching Money Mindsets

Take away: Take action!

Action step: What do you want to be remembered for?

Money Learnings: Brad’s family would talk about money but it wasn’t good to talk about money in public. School didn’t teach Brad very much about how money works. His mom always focused on their credit score and how important it was.

Brad Nelson has dedicated his life to serving and helping people with their personal finances. He provides an eye-opening outlook on debt and money that challenge today’s popular thinking through speaking, one-on-one coaching, and his online membership site, Roots of Personal Finance.

Many people struggle with money and debt. Brad teaches a simple process to help them learn how to save money and eliminate debt, transforming their future to allow them to live the life they desire. Brad uses his personal story to relate to others. He provides practical steps and advice for a new financial plan that shows people how to win and become financially free and kick debt forever.

Being debt-free has provided him and Sarah the opportunity to achieve their dreams of operating their businesses full-time.

When Brad isn’t helping people with their finances, he loves to continue his education through reading and conferences. He remains active and healthy with regular and intense exercise. His family is the most important, they spend a significant amount of time camping and being outdoors. Him and his wife, Sarah, put a lot of value in experiences and making memories.

Highlights from this episode:

As a young adult Brad would run out of money after paying all the bills.
Why a FICO score is a sucker score!
Brad plans on teaching his kids about money differently. He doesn’t want them to get a borrowing mentality.
He uses a give, save, spend program to teach the kids. Similar to this: Blog post on kids and saving.
Be careful of the language you use around money.
What is life really about, and how to live differently.
Creating freedom by taking control of your money.
Get out of the paycheck to paycheck mentality.
A lot of people are not willing to do the work to succeed.
Debt can prevent you from living the life of your dreams.
How financial success leads to more success in all areas of life.
Finances are the #1 worry for many people.
It doesn’t matter how much you make when you spend too much.
The power of being part of a mastermind.
The power of financial coaching and how you can learn from their mistakes.
People don’t act soon enough. They think they don’t have the time.
If you handle problems up front, it takes far less effort.
How little choices can help overcome the resistance to start.
The power of accountability to help you achieve success.
What’s your retirement number?
Why you need to create time and space to listen to your soul.
How do you want to be remembered?
What regrets do you have?