Discover how to construct a solid financial foundation with expert advice from Michael Santonato, a financial educator and wealth strategist. Learn the step-by-step approach to managing income, protecting assets, eliminating debt, and planning for your dreams, all rooted in the metaphor of building a house. Main Topics:
- The correct order of financial planning: income, protection, debt elimination, investments, goals
- Why most people build their financial house upside down or backwards
- The importance of income protection, including disability and critical illness insurance
- Strategies for debt reduction — good debt versus bad debt
- Maximizing government grants, tax benefits, and investment vehicles
- The mindset differences between the wealthy and the middle class regarding money
- How ultra-high-net-worth individuals approach risk, advisors, and financial planning
- Practical steps and accountability in creating a sustainable financial plan