In this engaging conversation, Andrew Gold, a wealth and tax strategy expert, discusses the importance of financial education, breaking the time-for-money mindset, and the role of faith and family in financial stewardship.

He emphasizes the need for younger generations to adopt critical money principles early on, the significance of paying oneself first, and the difference between tax planning and preparation. Andrew also shares personal experiences and insights on building a legacy and the importance of mentorship in financial success.

Chapters

00:00 Introduction to Wealth Management and Mindset Shift

03:21 Understanding Financial Genetics and Mindset

05:27 The Importance of Educating Younger Generations

07:55 Faith, Family, and Financial Stewardship

10:25 Personal Journey: Overcoming Adversity and Learning

15:17 Critical Money Principles for Young Adults

20:12 Instant Gratification and Financial Responsibility

23:01 Paying Yourself First: Strategies for Success

26:32 Tax Strategies for Keeping More of Your Earnings

29:28 Finding the Right Financial Mentor

32:02 Navigating Wealth Growth Strategies

34:09 Understanding Tax Planning vs. Preparation

37:23 Balancing Wealth and Faith

39:54 The Meaning of Legacy

41:41 Non-Negotiable Financial Principles

43:33 Taking the First Step in Financial Awareness

45:33 Engaging with Andrew Gold

52:57 Final Thoughts and Motivational Insights

Takeaways

• Financial education is crucial for younger generations.
• Breaking the time-for-money mindset is essential for financial freedom.
• Faith and family play a significant role in financial decisions.
• Understanding financial genetics can help change money behaviors.
• The 30 by 30 principle encourages early investment for wealth building.
• Instant gratification can hinder financial success.
• Paying yourself first is a key strategy for financial health.
• Tax planning should be proactive, not reactive.
• Building a legacy involves more than just financial wealth.
• Starting today is the best way to improve your financial situation.

Connect with Andrew:

https://www.instagram.com/the_dailyprofit

https://www.pwealthmgmt.com/

https://www.facebook.com/pwealthmgmt

https://www.linkedin.com/in/andrew-gold-fpwmp%C2%AE-2165bbaa/