120. Smart Money Management: How to Build Wealth without Burnout

Do you value tradition but also dream of achieving financial freedom? You don't have to sacrifice your well-being by constantly hustling and risking burnout. By aligning your financial goals with your values and implementing the right strategies, you can find success without sacrificing your health and happiness.

In this episode of the Power, Purpose, & Prosperity Podcast, Sabine discusses with Nicole Morong how strategic financial planning can help people create their ideal lives. Nicole, a Certified Financial Planner (CFP) and seasoned entrepreneur with over ten years of experience, has assisted numerous clients in realizing their dreams through smart financial management.

Listen in to discover how to develop financial habits that unlock your full financial potential. You'll also learn the importance of periodically assessing your financial strategies instead of constantly chasing new opportunities or expanding your business.

Key Takeaways: 

• Reverse engineering financial goals and breaking them down into manageable steps to prevent burnout from overwork.
•  Setting healthy boundaries to maintain a healthy work-life balance.
• Consolidating gains and building on what you have instead of always chasing the next big thing.
• How to be financially savvy to work effectively with advisors and professionals toward your financial goals.

What You Will Learn in This Episode:

• [02:10] Nicky's transition from a traditional background to entrepreneurship following her father's sudden passing.
• [06:45] The financial habits of Nicky's parents and the concept of maximizing financial potential.
• [11:47] Understanding the protective mechanisms of staying small, plus the importance of negotiating financial goals.
• [15:43] How to set realistic financial goals with smart work and healthy boundaries, plus the concept of becoming a millionaire.
• [20:10] Nicky's personal financial journey and the significance of financial efficacy over literacy.
• [28:10] Sabine on the psychological barriers to setting and achieving ambitious financial goals.
• [30:10] The importance of having clear financial goals and the benefits of using specific investment tools to achieve them efficiently
• [37:05] The fundamental questions to ask a financial advisor to understand the value they bring and how they’ll support your goals.
• [43:23] The right time to hire a financial advisor to help you navigate your financial situation and avoid costly mistakes.

Connect with Nicole:

• Website: https://peterkinfinancial.com
• LinkedIn: https://www.linkedin.com/in/nicolepeterkin
• Instagram: https://www.instagram.com/peterkinfinancial

Books Recommendations:

• Rich Dad Poor Dad by Robert Kiyosaki 
• Think Like an Artist by Will

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HOST INFO:

Sabine Gedeon is a dynamic force in the world of leadership and personal development. As the Founder of Transformed Leadership Institute and CEO of Gedeon Enterprises, Sabine leverages nearly 20 years of experience to guide clients in both startups and Fortune 500 companies. Her unique approach combines human-centered principles with tech-enabled solutions, delivering customized programs for leaders at all levels to tackle crucial leadership and talent development challenges.

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ADDITIONAL SUPPORT:

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