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Guide to Building Long-Term Wealth: Smart Investing with Paul Halme

Author
Salim Omar
Published
Mon 07 Aug 2023
Episode Link
https://straight-talk-about-small-business-success.simplecast.com/episodes/guide-to-building-long-term-wealth-smart-investing-with-paul-halme-SoNxddYT

[00:01 - 06:41] Successful Businessman and Consultant Shares Secrets to Financial Freedom

  • Hitting the ceiling in corporate America, then choosing to follow his passion
  • Paul on creating a consulting company growing into seven figures by helping clients
  • Accept where you're at, create automation, set up a savings account, and put money in regularly
  • Passive income can be created through investments in the stock market – seek long-term



[06:42 - 14:38] Buffett's Investment Strategy and Teaching Family About Money

  • Be patient - developing wealth can be slow and boring most of the time
  • Stay disciplined and consistent when investing in the stock market
  • Don't get caught up in the hype of investments - compound interest is key 
  • Teach kids about money (investment, savings, stocks, etc.) from an early age


 

[14:39 - 21:01] Communication and Transparency: Keys to Successful Relationships

  • Openly discuss financial goals with your spouse
  • Enjoy the journey, have fun, and be grateful along the way
  • Reach out to Paul Halme!


 


 

Connect with Paul through his website https://paulhalme.com/ and Instagram @paul.halme


 

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Tweetable Quotes


 


 

 “You have to have discipline and a system that you're following and listening to and not getting caught up in the hype. You got to weigh the risk to reward.” - Paul Halme


 

“We're constantly looking forward and striving… then we lose the road, the journey to that destination. It requires a certain level of mindfulness and just stopping and saying, we've got so much and being mindful to count our blessings.” - Salim Omar

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