Nov 10, 2022
Episode 37 – What Are You Wasting?
What do two teaspoons of suncream have to do with living a wealthy life? More than you might think! I recently caught myself wasting time in the process of trying to save money – by spending half an hour extracting every drop of suncream from the bottle to go on holiday. This reminded me of the concept of “false economy” which is when an action that starts out saving money ends up costing more. In my case, I might have saved 50p on suncream, but I lost 30 minutes!
Now, there are several common ways we all waste our resources, and I will go over these today, as well as ways to prevent waste. If you are curious about where your financial plan might have some leaks, tune in and prepare to save time and money on your wealth journey!
Links & Resources:
Highlights from this episode:
[00:01:55] – Don’t get miserly or you might waste more
[00:06:00] – There are many different ways to waste
[00:09:19] – Don’t get tricked by marketing
[00:16:10] – Speak with a mentor to navigate the market
[00:21:03] – Why am I recording a podcast on vacation?
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
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Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them