If you could travel back in time and give your younger self financial advice, what advice would you offer? 

Unfortunately, time travel doesn’t exist, so get ready to hear John share three of his biggest financial mistakes from his youth that made for a bumpy financial road and one of the greatest decisions of his life.  

While it’s admirable to learn from your mistakes, if you can avoid losing years of savings and investment potential, your financial future will undoubtedly be more stable. 

Thankfully, no matter your age, you can prepare your finances for the long haul by following the 5 Steps to Winning at Wealth:

To review, the 5 Steps of Winning at Wealth are: 

  1. Having the proper money lens: Wealth is created in the service of others. 
  2. Have a workable budget in place to avoid pitfalls like consumer credit card debt.  
  3. Ensure you have a fully funded emergency fund to avoid missed payments, late fees, and high-interest rates.  
  4. Understand your investments and goals, then allocate your money accordingly.  
  5. Consistently focus on these steps to avoid years of struggle!  

In this episode, John recalls his own financial journey and how it’s never too late to get your finances back on track.  

In this episode, you’ll also hear:

  • What happens when you rush success 
  • Reality of zero-interest credit card offers 
  • Taking investment risks with no rewards 

Must-listen moments: 

[00:03:00] I’m still optimistic and I still want my business endeavors to grow as fast as possible, but before I decide to pursue expansion, I make sure to maximize the potential of every investment that I’ve already made.

[00:04:37] We still have credit cards, but we never charge more than can be paid in full at the end of every month.

[00:06:39] And finally, if I had consistently focused on these steps, I would have avoided the years of struggle, and I would have found myself much further ahead financially than I am today.

Find your path to winning at wealth by visiting https://www.winningatwealth.com and by following us on:

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Disclosure: The preceding program is sponsored by Fourth Avenue Financial, which is solely responsible for its content. Securities offered through J.W. Cole Financial Member FINRA SIPC, Investment advice offered through J.W. Cole Advisors. Fourth Avenue Financial, J.W. Cole Financial, and J.W. Cole Advisors are unaffiliated entities. The opinions expressed by John K. Burdette II should not be construed as specific investment, legal, or tax advice. All economic and performance information is historical and not indicative of future results. Investing may involve the risk of loss of principal. Any Tax advice on this show is not intended to be used by any person for the purpose of avoiding US federal or state tax penalties that may be imposed on such a person, and each listener should seek…