Building a Better Financial Future with Marc Russell of BetterWalletMar 02, 2023
If you're just starting out in the area of financial management and you haven't received formal financial education it can seem like there's so much conflicting advice out there. It can be confusing to know what to do with your money and it may even become so overwhelming that you do nothing and you're missing out on opportunities. I wanted to go back to basics with today's guest, Mark Russell!
Marc is a foster child turned full-time financial educator. While excelling in his Wall Street career, he noticed his finances needed serious attention. Marc was living paycheck-to-paycheck with $80,000 of debt. He then used the same financial tips he was teaching his clients to remodel his own finances, become 100% debt free, and grow a thriving business that teaches new investors how to strategically manage their money. Now as a full-time entrepreneur and founder of BetterWallet®, Marc teaches families all around the world how to make money work for them through practical investing.
Tune in for tons of practical advice on how to break down barriers, overcome hardship, and make it to your end goal. Marc has so much practical advice for paying off debt and investing in generational wealth.
"You want to gravitate towards the people that truly believe in your mission and your goals, and you go fast forward into whatever you want and make sure that your goals are somewhere that's visible." - Marc Russell
In this episode, you will learn the following:
1. Strategies to stay motivated and reach your goal of becoming debt free
What you'll hear in this episode:
- Do what is necessary to reduce your expenses.
- Connecting the dots between mutual funds and ETFs.
- What does diversification mean to you?
Here are some brief snippets from this episode:
Ignore the noise and go after what your goals are. And there's going to be a lot of people who won't believe in you.
ETF, exchange-traded funds, and mutual funds. What is the core difference between those two and what are they?
In the crypto world, I still don't really truly understand it. It should never drive major financial decisions when you're in an extreme emotional state. You have to understand how the Marcet operates and that that's going to happen.
192. "If I Started Over..." with Jason Weinstein
203. 2022 Recap: Bold Financial Mindset Shifts
216. The Most Undervalued Trait of an Accountant
Connect with Marc on IG @betterwallet
Get the Financially Bulletproof Checklist: financesincheck.com/checklist
Join his Free Investing Webinar: financesincheck.com/registration-page
Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/
Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa
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See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
Find me on IG @shannonkweinstein
Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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