Gordon Stein is an international keynote speaker, blogger, personal finance expert, and author of Cashflow Cookbook – $2 Million of Financial Freedom in 60 Easy Recipes. He delivers transformational talks that help people crush their number one stress – their finances.
- Going from the executive team to being unemployed
- How a $13 car wash receipt changed his way of thinking about money
- Researching little changes that would say $25 a month or more with minimal effort or sacrifice formed the basis for his new book
- Using running and physical exercise to help himself focus
- 60 stories or vignettes form the basis of the book with practical ideas (“If I wouldn’t do it, it’s not in the book.”)
- Example of getting medications much more cheaply by not paying full price at the local pharmacy, from $107+/month to just $7/month (saving $100/month adds up to $17,300 over 10 years, then invested for 40 years = $262,000 at retirement)
- Look at saving like it is gamification. Savor the savings
- Why paying off debt makes more sense than saving or investing
- Importance of tracking your wealth monthly to change your mindset from
- The power of dividends
- At every level of income and for every lifestyle, there are opportunities to reprioritize your spending
- The example of a lifelong Vermont janitor whose estate was worth $8M
- Using savings from small purchases to pay down debt or grow wealth
- Making paradigm shifts in how we approach our spending
Links referred to in the episode, and how to connect with the guest, Gordon Stein:
