4 Painful (very painful!) Financial Lessons I’ve Learned

I’ve learned some painful lessons in my financial journey. Some of them were very painful! I’m going to be sharing about some of those painful lessons in my upcoming live event one week from today (more about this event below), but here are four of the most painful lessons I’ve learned.

4 Painful Financial Lessons I’ve Learned

1. Don’t “Go it alone” without seeking financial counsel. Have you ever faced a major financial decision but chose not to seek wisdom from people who’ve “been there – done that” before? I know I have. And I’ve paid stiff penalties that would have been completely avoided if I had only gotten over myself and asked for help. I’ve found that PRIDE is the greatest reason I’ve attempted to “go it alone” without seeking wisdom from others on financial decisions. And we all know where pride leads us …
2. Listen to my bride when making a major financial decision. Perhaps the only thing worse than losing money on an investment is facing the “I told you so” greeting from one’s beautiful spouse. When my bride has a negative “feeling” about an investment, it is like 5-alarm fire bells going off saying “RUN AWAY FROM THIS DECISION!”
3. Pray for God’s guidance. If a major financial decision is so hurried that my family and business teams can’t pray about it, then we’ll let the opportunity pass on by. I’ve made some hurried decisions before without praying about them. Some worked out okay. Others were complete and utter flops. I’m completely convinced that prayer is an essential part of financial decision making.
4. Always have a plan. And a back-up plan. And probably another one. Rarely do plans come together exactly as we mapped them out. New information becomes available, laws and regulations change, other parties in the deal change their minds, etc. I’ve learned that it is best to approach any and all financial decisions like Muhammad Ali approached boxing when he famously said, “Float like a butterfly, sting like a bee. The hands can’t hit what the eyes can’t see.”

Those are four of the most painful financial lessons I’ve learned. I wouldn’t trade any of the experiences, however, because they’ve allowed me to become a much more savvy financial manager and leader.

It is my passion to help you win in your money journey too! That’s why I’m offering a free online event just one week from today. The details are below. If you want to make 2016 the best year yet, I encourage you to register now. REGISTRATION IS REQUIRED.

• EVENT: How To Make This Year The BEST YEAR YET
• DATE: Thursday, January 14th
• TIME:  8:00 PM Eastern Time
• DURATION:  60 minutes (45 minutes teaching + 15 minutes Q&A)
• COST:  Free
• REGISTER:  Click HERE to reserve your spot. Space is limited to the first 500 people who sign in on the night of the event.