Manage episode 377727748 series 3511009
In this episode of Finance Lab, Lesley Batson, Founder and Chief Wealth Strategist at Rebel Rock Wealth, a wealth strategy firm for independent thinkers, discusses how six fundamental financial considerations can potentially destroy wealth and how to avoid them.
The first two considerations may surprise you – Lesley’s method, highlighted in her writings and practice, entreats investors to first look inward and consider their knowledge and mindset and to reflect on all aspects of personal health. Their discussion continues with understanding impact of taxes, fees and inflation. Critical fee considerations that the average investor generally does not think about are further examined by Lesley and Cory. This conversation provokes investors to consider multiple wealth accumulation and deterioration factors that may have not been previously examined.
Guest Bio – Lesley Batson
Lesley Batson is the Founder and Chief Wealth Strategist at Rebel Rock Wealth, a wealth strategy firm for independent thinkers. Lesley serves clients across the U.S. and some internationally. She is a speaker who is disrupting the herd mentality around personal and business finance. She has been featured in the Wall Street Journal and countless podcasts.
A unique offering she provides is teaching what she refers to as the 'financial fundamentals'. This is not money basics like balancing a checkbook. It's more about helping clients understand how money REALLY works so they can make smart and informed decisions.
0:41: Introduction of Lesley Batson, founder and chief wealth strategist at Rebel
Rock Wealth, who will be discussing six major wealth destroyers.
2:05: Understanding your mindset around money.
5:38: A focus on health and its impacts on wealth.
9:25: Taxes are the next potential wealth destroyer.
10:52: Discussion regarding the need to assess and understand the impact of fees.
16:06: Considering inflation for long term goal-setting and wealth erosion.
19:57: Avoid wealth destroyers, plan strategically.
20:38: Opportunity costs: examples and effects on wealth accumulation.
25:32 Practical illustration of impact of the six wealth destroyers on a 401(k).
30:16: Importance of independent thinking and coaching program availability.
Finance Lab website: https://www.financelab.dalbar.com
Visit Lesley’s website: https://www.rebelrockwealth.com/
Connect with Lesley on Linkedin: https://www.linkedin.com/in/lbatson/
Book a call with Lesley: https://www.MeetwithLesley.com
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