It is a general assumption that investing in the stock market is a good way to take care of the finances. However, frankly speaking, most people do not know anything about the stock market. In this Expert Insight Interview hosted by John Golden, Damion Lupo discusses how people can maximize their personal finances while looking forward.
This interview explores:
- How to take the charge
- How to clarify the goals
Take the Charge
When a financial crisis like this one happens, people become aware of the lack of control they have over their finances. The system is the one with all the control. Thus, this pandemic is a great opportunity for people to take a break and think about what is really important. We tend to force many things such as career, investment, relationship, etc. Get to know yourself, embrace the change, design your own life, and take a charge of it. People are afraid of mistakes, but that is the only path to actual growth. The rational way is to look a little further and find a vision of the life you want to live. Find the goals you want to achieve, and let the money be the offset. Nowadays, people have become obsessed with becoming “money bees” instead of “honeybees”. It is not about collecting as much money as you can, it is about finding the purpose – something that really matters. That purpose does not have to impact million people, there is great fulfillment in simple things like being a great parent or significant other.
Clarify the Goals
What martial arts teach us is that we are eternal students. No matter how powerful we are, there is always a grandmaster who is a couple of degrees higher regarding mental wisdom, thus we are always in a position of humility and learn. People are never too old to learn new things. In financial terms, the main essence of financial freedom is to make sure to know what is exactly that you want before you fund it. Take the Ferrari example. Owning a Ferrari would boost your ego but renting a Ferrari would satisfy your wish for the Ferrari experience. So, are twenty years of saving for the Ferrari really worth it, if you can simply rent a Ferrari in five minutes? People usually just want the experience, but instead, they spend decades thinking about owning and controlling things. Things become much simpler when we clarify what is the actual goal. Furthermore, think about the trajectory you want to be on in the next ten to twenty years. Your trajectory really depends on the people that influence you. So, make sure to have people around you who bring the desire for change and growth in your life.
John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.