Financial Sobriety
Gebhardt Group, Inc.
Episode 138: Motion Matters. Understanding the Goes Ins and Goes Outs on Your Personal Balance Sheet.
Episode 138: Motion Matters. Understanding the Goes Ins and Goes Outs on Your Personal Balance Sheet.
Episode 138: Motion Matters. Understanding the Goes Ins and Goes Outs on Your Personal Balance Sheet.
Tuesday 1st October 2024
Discover how a vacation metaphor can reshape your financial success. Learn about balance sheets, profit & loss statements, and finding your 'why'.
34 minutes
Informative
Inspiring
Encouraging
Supportive
Honest
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Get the buttons here!Aligning Your Finances with Your Life's Purpose
Episode Overview
- Use vacations as metaphors for financial success.
- Understand the importance of personal balance sheets and profit & loss statements.
- Make small, incremental changes to reduce unnecessary expenses.
- Celebrate small wins and maintain a positive focus.
- Align your finances with your core values and life's purpose.
You don't have to get up tomorrow morning, put your running shoes on and run a freaking marathon.
Ever thought about how a simple vacation can transform your financial outlook? In this episode of Financial Sobriety, hosts Jim Gebhardt and Matthew Grishman kick things off with a refreshing chat about the importance of being 'human beings' rather than 'human doings'. They use the anticipation of a serene vacation on the California coast as a metaphor for financial success, encouraging you to step back and reassess your personal balance sheet.
This isn't just about crunching numbers—it's about aligning your finances with what truly matters in life: people, experiences, and passions. The episode dives into the nitty-gritty of personal finance, breaking down the concepts of balance sheets and profit and loss statements into more digestible 'goes ins and goes outs'. Jim and Matthew share their own journeys and struggles, making the advice feel relatable and actionable.
They talk about the emotional challenges of tracking every penny but stress that understanding where your money goes is the first step to financial freedom. You'll hear about the idea of 'shaving ounces', a concept Matthew learned from a friend during a backpacking trip. This simple yet powerful idea involves making small, incremental changes to reduce unnecessary expenses. Whether it's cutting down on subscriptions or brewing coffee at home, these tiny adjustments can add up to significant savings over time.
Jim and Matthew also discuss the importance of celebrating small wins and maintaining a positive focus. They highlight the value of lifelong learning and growth, not just for personal benefit but for helping others too. The episode wraps up by encouraging you to take control of your financial journey, reminding you that even small steps can lead to big changes.
So, if you're ready to take a deeper look at your finances and align them with your core values, this episode is a must-listen. It's not just about numbers; it's about finding your 'why' and living a life that resonates with who you truly are.