THE LEVEL UP LETTER

Hi All!
Here is your weekly Level Up Letter. This week we’re talking about money. To be honest we could probably write another 100 newsletters on this topic alone but we wanted to start with some fundamentals. We hope you enjoy, we hope you learn a little something and we hope you take action and make your money work for you.

If you think someone else would enjoy this weeks letter or could get some value out of it, we’d appreciate you passing it along.

Have a great week!

QUOTE OF THE WEEK

THE BEST FINANCIAL VIDEO YOU’LL EVER WATCH

Before you do anything with your money we suggest you watch this video. It packs more information on how the economy works into thirty minutes than most college courses in Economics.

SO WHAT DO I DO WITH MY MONEY?

We’re not financial advisors and don’t pretend to play one on the internet either. What we will say is that whatever you decide to do with your money is completely personal and should only be done in alignment with what you want from it. We recommend everyone take these three steps.

1. Understand your goal
   What does money mean to you? Do you have an “enough” number? What type of lifestyle are you trying to live? Understand the destination before you do anything.

2. Get Educated
   Finances can seem overwhelming but you can do very well with a basic understanding of finance. There are tons of great resources available out there. We’ve complied our Top 10 Books on Money here. 
   You can also talk to financial professionals. Certified Financial Planners can help you build an investment plan according to your goals. Just remember, they don’t work for free. If you’re not paying a fee, they’re getting paid with the money you invest. Not saying that’s bad, just something for you to understand. A golden rule for us is…never listen to someone that hasn’t done it for themselves or doesn’t have skin in the game. If you want to invest in stocks, real estate or buying businesses make sure to find someone that’s had success in whatever you’re planning on investing in but remember "Past performance is no guarantee of future results."

3. Take Action
   You’ve read the books, analyzed the deals, met with a CFP, talked to mentors the only thing left to do is take action. Decide what risk you’re willing to accept and move forward. The biggest factor in generating wealth is compounding. The sooner you take action, the more compounding time you have. If you’re stuck here, reach out, we can help dig in and find out what’s holding you back.

ENOUGH

True story, Word of Honor:
Joseph Heller, an important and funny writer now dead, and I were at a party given by a billionaire on Shelter Island.

I said, “Joe, how does it make you feel to know that our host only yesterday may have made more money than your novel ‘Catch-22’ has earned in its entire history?”

And Joe said, “I’ve got something he can never have.”

And I said, “What on earth could that be, Joe?”

And Joe said, “The knowledge that I’ve got enough.”

Not bad! Rest in peace!”

— Kurt Vonnegut

Kurt Vonnegut wrote this obituary/poem for The New Yorker in May of 2005. We love this concept of knowing what “Enough” looks like to each of us. Maybe that’s monetary. Maybe is knowing you’re enough for your family and friends. Maybe it’s feeling comfortable just being yourself.

What’s your ENOUGH?

READY TO LEVEL UP?

Looking to Level Up your life or your business? Find out more about how we can help through our Coaching, Mastermind Groups or Consulting services.