S1E62: Best and Worst Financial Habits for 2021
The John Chapman Show Podcast
English - January 30, 2021 04:26 - 19 minutes - 17.9 MB - ★★★★★ - 4 ratingsBusiness investing health entrepreneur business passive investing cashflow tax rentals syndications apartments Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
To kick things off for 2021, John talks with cohost Erica about the 3 Best and 3 Worst financial habits for investors. Especially in light of all of the wild events taking place in the stock market, it's critical now more than ever to be disciplined and prudent about how to set yourself up for success with your personal finances.
During the episode, John talks about what he sees as the 3 worst financial habits, which include:
Taking advice from random people on social media
Trying to play the investment lottery and get rich quick
Believing that there's a secret or silver bullet to gaining wealth
Conversely, John talks about what he sees as the 3 best financial habits, which include:
Writing down your goals in the categories of Faith, Family, and Finances and what you hope to accomplish in each category
Creating a written financial plan that clearly states your annual savings target
Staying humble and continuing to ask yourself 'what could I be missing'
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