Coffee With Closers

What practices do you need to have in place in order to begin building your wealth? On this episode, Eric Forney and Michael Bounds break down the practical, necessary steps towards building your own wealth.  Eric shares his equation for wealth building: managing emotions + automation + expense management + wealth protection = wealth.  He explains tools that he uses to help him manage his emotions when investing, and how automation can aid in that emotion management.  They discuss the many different ways to approach expense management so you aren't depleting your wealth without knowing it.  They go into detail about all the ways you need to protect your wealth, from insurance to pre and post-nups.   To read about the Placebo study mentioned, go to https://www.health.harvard.edu/mental-health/the-power-of-the-placebo-effect To catch up on the Inflation episode, go to Episode 53 or watch on YouTube here: https://www.youtube.com/watch?v=X4JFSZ98OsM&t=2s To listen to the episode about