Episode 341 - How to Protect Your Money and Retire Wealthy with Todd Skousen

Most of us grow up with many questions and mysteries about money and finances, mostly because none of us received financial education at school. This lack of information certainly makes things harder regardless of our economic situation; financially uneducated wealthy people are more likely to lose their money, and those who aren't wealthy will struggle more than they should.Todd Skousen joins to help us understand the money game and ensure we protect our assets and enjoy a turbulence-free retirement. Todd is a Financial Consultant, Managing Partner at Links Consulting, and part of Decisive Investor, a software developed to help people navigate the market and grow their personal investment accounts.Throughout our conversation, Todd translates the intricate financial language into layman's terms. He explains the importance of having an economic blueprint and building our "financial house" based on it where our future self can rest comfortably without worrying about running out of money.Todd shares the principles of building a robust financial attitude; he explains how to deal with the #1 expense in our lives and why we must consider the "three trees" when considering our investment portfolio. We also discuss the importance of preserving wealth, leaving our emotions out of our finances, and more.Tune in to Episode 341 and learn a simple yet efficient way to manage your finances so you can protect your money and retire wealthy.Some Questions I Ask:Finances can be confusing sometimes. From your perspective and experience, where should someone start? (4:01)Let's talk expenses. What are some of the most significant expenses in our lives? (9:21)If you're talking with someone not wealthy, where should they start taking care of their finances?In This Episode, You'll Learn: The book that helped Todd understand finances from a young age (4:07)The importance of having a plan for our finances (5:13)The three steps to building a solid financial plan (8:41)How we should look at our investment assets through the three trees example (10:16)Todd shares his thoughts on what are the best options for people to start investing (22:26)The importance of wealth preservation (29:29)Resources: Decisive Investor websiteBook: George Classon - The Richest Man In BabylonBook: Robert Hagstrom - The Warren Buffett WayBook: Clayton Christensen - How Will You Measure Your Life?Connect with Todd: LinkedIn todd@decisiveinvestor.com Hosted on Acast. See acast.com/privacy for more information.