In this episode, I continue my conversation with Curtis May, founder of Practical Wealth Advisors and host of the Practical Wealth Show Podcast. Picking up from our last discussion on personal finance principles, we delve into practical financial planning strategies, real-world wealth creation examples, and the importance of continuous learning and a positive mindset. Curtis underscores the power of strategic thinking over the 'microwave mentality' and emphasizes the necessity of foundational principles in financial success. Additionally, he shares his methods for digesting and applying new information, highlights critical principles of finance, and recounts lessons learned from interviewing over 300 successful individuals. This insightful episode is packed with Curtis's wisdom and experience, offering listeners invaluable guidance towards achieving financial freedom.
-------------- Links to Resources Mentioned
“Becoming Your Own Banker” by Nelson Nash
An 85-page book on the concept of infinite banking, which Curtis discusses as a vital resource for understanding the principles of personal finance and wealth creation.
“Poor Charlie’s Almanack” by Charlie Munger
A collection of speeches and talks by Charlie Munger, focusing on wisdom in investing, business, and life.
“Fire Yourself: How to Create Financial Freedom in Three Years or Less” by Bronson Hill
A book mentioned by Curtis emphasizes principles and strategies for achieving financial independence quickly.
“The New Black Wall Street” by Jay Jones
A book Curtis references discusses entrepreneurial principles and the importance of selling physical products, digital products, or services.
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EPISODE TIMESTAMPS
00:00 Introduction and Recap
00:44 Diving into Practical Strategies
02:20 The Importance of Principles
03:52 Mindset and Financial Language
04:53 Learning from Successful People
05:47 Investing Rules and Strategies
08:23 Synthesizing and Acting on Information
12:48 Marketing and Business Growth
16:48 Setting Big Goals and Staying Motivated
17:42 Balancing Passion and Work
19:09 Structuring Your Day for Success
20:09 The 12 Week Year Strategy
21:29 Faith, Family, Finance, and Fitness
25:00 The Importance of Sales Skills
27:44 Continuous Learning and Personal Growth
29:03 Final Thoughts and Resources
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