Summary:
Join Kim Butler and Todd Strobel today as they discuss financial triage. Learn what three steps occur in a triage, and what personal financial triage means to you. Also, find out what to do if you are experiencing financial triage to take back control of your money and regain your lost opportunity cost. Most importantly, listen as Kim and Todd discuss addressing systemic finance errors, i.e., habits, like not saving consistently or investing with too much risk. Thank you for listening to the Prosperity Podcast and, as always, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with any and all of your questions, comments, and concerns. We’d love to hear from you!
Show notes:
00:00 Intro
00:15 Financial Triage
01:12 What Three Steps Occur in a Triage?
02:19 What is Financial Triage?
06:02 A Simple Example of Financial Triage
07:24 Financial Triage Around Insurance
08:16 What To Do If You’re Experiencing Financial Triage
10:20 How To Make Today’s Finances the Most Efficient That You Can
10:42 How the Media Affects Financial Triage
11:25 Addressing Systemic Finance Errors: Habits
11:55 Not Saving Consistently
12:58 Investing with too Much Risk
14:48 What Are the Most Important Financial Systems?
15:46 Contact Info
16:37 Savings Does Not Mean Sacrifice
16:58 Outro
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.