Join us on Average Joe Finances as our guest Curtis May, the host of The Practical Wealth Show Podcast and the creator and owner of Practical Wealth Advisors. Curtis has been planning for individuals for more than 35 years, and he is passionate about helping his clients save money and live the very best life they can right now. The primary focus of his financial planning firm is to help businesses and families become financially free by following the principles of wealth creation that have endured for centuries around the world.
In this episode:
- The importance of understanding cash flow, the differences between saving and investing, and principles for wealth creation.
- Challenges common financial advice, such as solely relying on 401(k)s and mutual funds, and emphasizes the value of holistic planning and financial literacy.
- Discussing topics like debt management and proactive financial planning.
- Practical tips for those starting their investment journeys and the importance of continual learning in personal finance.
- And so much more!
Key Moments:
00:44 Curtis May's Background and Journey
03:11 Financial Philosophy and Influences
05:47 Practical Financial Strategies
10:47 Cashflow Management and Budgeting
21:07 Debt Management and Financial Literacy
24:13 Debt Restructuring Insights
25:11 Understanding Constructive vs. Destructive Debt
25:45 Financial Literacy and Income Types
26:07 The Four Rules of Financial Institutions
27:44 The Importance of Skillset and Mindset
30:25 Entrepreneurial Challenges and Realities
32:20 Final Round: Financial Mistakes and Lessons
34:55 Investing Tips and Rules
36:58 Favorite Books and Resources
39:05 The Power of Financial Games
40:48 Where to Find More Information
45:21 Closing Remarks and Gratitude
Find Curtis May on:
Website: https://www.practicalwealth.net/
LinkedIn: https://www.linkedin.com/in/curtismay/
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