132 - Keeping Your Money: A Financial Mindset
Update: 2025-08-13
Description
In this conversation, Kirsten Flory discusses the critical importance of not only earning money, but also keeping it. She emphasizes the need for careful financial planning, especially when receiving unexpected windfalls. She advised against impulsive spending on depreciating assets, and encourages listeners to live below their means to build sustainable wealth. Kirsten highlights the dangers of not planning for future financial stability and the importance of consistent effort in maintaining business momentum.
Key Takeaways:
- How do you keep the money once you've earned it?
- Don't go out and buy a bunch of dumb stuff
- If you want to build true wealth, don't blow your money
- Your lack of planning WILL create emergency situations
- Plan for the windfall - even before it happens
- Live below your means - even two levels below
- The goal is to plan to keep and expand upon the money you earn
Kirsten Flory is the President & CEO of Foundations Commercial Real Estate and host of The Small Business Mindset.
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