Are you struggling to achieve financial freedom and feeling overwhelmed by money management? I’ve been there too.
In this episode of Wealthy Wellthy, host Krisstina Wise sits down with Denise Griffitts, host of Your Partner in Success Radio. We continue their enlightening conversation on financial literacy and independence. Denise, a successful entrepreneur and podcast host herself, brings her unique perspective to the discussion.
Krisstina dives deep into the four fundamental principles of money management that can transform your financial future. She explains why understanding these principles is crucial for anyone seeking financial freedom, regardless of their current income level.
The episode covers a range of topics, including the importance of knowing your numbers, creating a surplus, managing your money effectively, and harnessing the power of compound interest. Krisstina also addresses common misconceptions about debt and offers practical advice for breaking free from financial ignorance.
Ready to take control of your financial destiny? Listen now to gain invaluable insights and actionable steps towards achieving your financial goals. Don’t miss out on this opportunity to learn from Krisstina’s expertise and start your journey to financial wellbeing today!
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Upcoming Workshop
Wealth Mastery 1/2 Day Challenge:
Make 2025 the year of you! A goal without a plan is just a wish. Get these resources from Krisstina’s planning workshop to stop wishing and start planning in 2025.
Top 5 Takeaways From This Conversation:
- Why knowing your numbers is the foundation for achieving true financial freedom!
- How creating a surplus is the secret to getting rich that most people overlook!
- Why you can’t save or earn your way to financial independence – the power of compound interest!
- How managing your money is like going to the gym – it’s not always fun, but essential for financial fitness!
- Why understanding the four principles of money can transform your financial life and help you avoid common pitfalls!
Here Are My Favorite Quotes:
- “Money is neutral. It’s just an artifact, a currency we use to transact value for value. Any emotions or beliefs we have about money are our own narratives and stories.”
- “The secret to getting rich is spend less than you make. But Parkinson’s Law of money says expenses will always rise to match income.”
- “You can’t earn or save your way to financial freedom for most people. You have to invest and let compound interest work for you.”
Time Stamps:
- [2:21] The three-legged money stool concept
- [10:37] Money as energy and vibration
- [23:37] Four principles of money management
- [34:00] Managing money like going to the gym
- [44:57] Simple concepts anyone can apply today
- [51:13] Offer for private money breakthrough consultation
MYTH BUSTED: “You can earn or save your way to financial freedom.”
Krisstina Wise, a financial expert and coach, busts the common myth that you can achieve financial independence through earning or saving alone. Despite her success in real estate and as a millionaire coach, Krisstina emphasizes that most people cannot earn or save enough to reach true financial freedom. The breakthrough comes from understanding the power of compound interest and investing.
As Krisstina explains, “You can’t earn or save your way to financial freedom, to retirement or financial independence. You have to invest it.” She illustrates this with a powerful example: Over 20 years, investing $24,000 annually at a 10% return can grow to $2 million. Of that $2 million, only $675,000 comes from your contributions, while $1.4 million is generated by your money working for you through compound interest.
The key insight? Financial freedom isn’t about working harder or cutting expenses to the bone. It’s about putting your money to work through smart investing and leveraging the power of compound interest. As Krisstina shares, “Our money outperformed us two to one.” This myth-busting revelation underscores the importance of not just earning and saving, but strategically investing for long-term financial independence.
Next Steps:
Upcoming Workshop
Make 2025 the year of you! A goal without a plan is just a wish. Get these resources from Krisstina’s planning workshop to stop wishing and start planning in 2025.
