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Three Requirements for Permanent Financial Success

Aug 23, 2024

I describe two ways to look at using your current resources or advantages you have to pivot your personal life, your business, or both. First is reflection on Darren Hardy's recent Darren Daily episode on Time-Money-Wealth and using 2 of the 3 to obtain the other one. The second is similar and forms the backbone of our strategy at Paradigm Life: Cash Flow-Protection-Wealth. These three must all be in place in the end to ensure success, but you can use two of the three to achieve the desired result. However, history shows in most cases you cannot successfully use just one to get all three.

  • Highlights
  • Balancing life’s spinning plates.
  • Periodic focus on different life priorities.
  • Acknowledging the need for focus in business.
  • Announcement of future in-person events.
  • Key resources in life: time, money, skills.
  • Darren Hardy’s point on resource management.
  • Leveraging money and skills to save time.
  • Personal anecdote: Being too business-focused.
  • Example of hiring help to manage time.
  • Transitioning topics to business strategy.
  • Three financial keys: cash flow, protection, wealth.
  • Time vs financial considerations in business.
  • Importance of cash flow as the heartbeat of life.
  • Cash flow’s role in avoiding poverty.
  • Protection: Insurance and its critical role.
  • Real-life examples of importance of protection.
  • Leveraging insurance for financial stability.
  • Strategic planning and asset management.
  • Comprehensive financial statements for planning.
  • Using Paradigm Life’s client portal for strategy.

 

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