Episode 138: Motion Matters. Understanding the Goes Ins and Goes Outs on Your Personal Balance Sheet.

The Whole Wealth Journey

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Ever wonder how a simple vacation can morph into a powerful metaphor for financial success? This episode begins with the anticipation of a serene vacation on the California coast, challenging us to depart from our daily grind as “human-doings” to embrace the essence of what we truly are: human beings. From there, we are reminded of the importance of lifelong learning and growth for the benefit of helping others. Hear all about Jim’s journey back into the classroom, this time to become an expert in exit planning for the entrepreneurs and business owner clients Gebhardt Group, Inc. serves. Together we discover so many intriguing parallels between business exit strategies and the foundational stages of entrepreneurship, underscoring the vital role of finishing what we start.

Our conversation then takes a practical turn, honing in on the nuts and bolts of personal finance and connecting the dots between business and personal finances. We break down foundational expenses into six core categories, offering a much simpler and clearer path to gaining control over where your money goes each month. By tracking these expenses over time, you can uncover valuable data about how you actually use your money. Learn how to take more control by fostering a proactive approach to personal financial management with 100% detachment from chasing financial perfection.

Bringing it all together, we reflect on a memorable backpacking trip in Yosemite with Matthew’s cousin David, Hell's Kitchen Season Six winner, who through story, teaches us the valuable concept of "shaving ounces." This principle of making small, incremental changes can be applied to so many areas of our wealth and our lives – learn here how to apply it to the parts of life that matter most. Ultimately, we come full circle to see how the tools discussed on today’s show help us to show up fully in the present moment, eliminate scarcity, realize the true abundance in our lives, and see all of the Whole Wealth we have been able to create.

If you would like to learn more about your whole wealth journey visit: https://gebhardtgroupinc.com/

(00:00) Gratitude and Profit
Gratitude, learning, and commitment are discussed, including the parallels between business exit planning and entrepreneurship.
(11:12) Financial Assessment and Action Plans
Manage personal finances by categorizing expenses, tracking trends, and preparing for unexpected costs.
(22:46) Small Changes Lead to Financial Success
Nature's lesson in personal finance: small changes, like reducing expenses, can lead to significant savings and can be applied to other areas of life.
(28:26) Creating a Vision for Tomorrow
Reclaim power by being aware of current situation, setting time limit to process past mistakes, and creating vision for prosperous future.
You can learn more about The Whole Wealth Journey by visiting The Gebhardt Group.