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Making Better Financial Decisions to Reach Success Faster

2 Frugal Dudes November 29, 2019 65 5


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    Making Better Financial Decisions to Reach Success Faster
    2 Frugal Dudes

Episode 134: Learn how to make better financial decisions to reach success faster than you ever thought possible, with Dirk Maierhafer, author of the Quickstart Guide to Financial Success.


What is Financial Success?

The definition of financial success is objective: what success means to you might be different than your neighbor’s definition. What financial success means to you now might be different than what it means to future you.

The first step to reaching financial success is crafting your own definition and using it to set objectives to get there. The next is having an understanding of where your money goes. Whether you do so by creating a budget or spending plan, being able to see how much your trips to Taco Bell add up over time can be an eye-opening start to your financial independence journey.

It’s also important to track your automatic payments– Netflix, electricity bill, etc.– to determine if there are any anomalies or unexpected increases.

Communication and Financial Success

Communication is one of the biggest barriers to reaching financial success, whether you’re talking about marriage or business. Making decisions without communicating between departments or between partners can cause a lot of issues down the road. Communication is the first step toward financial awareness, which is integral for financial success.

Businesses should support employees by offering financial education for personal growth. This success will carry over into the workplace on multiple levels.

Show Links & Related Episodes

Music: https://www.bensound.com/royalty-free-music

Disclaimer: Kevin and Sean are not professional financial advisors. Do not take any advice they give without first speaking with a professional and performing your own due diligence.

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