Understanding Your Money: 7 Steps To Financial Success

Understanding Your Money is the first step to be able to become successful with your personal finances. This video is #2 in the series teaching you the basics of personal finance. In this video, Chris talks about the seven step framework to understanding you reach financial success.

Watch the Understanding Your Money Playlist:

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Amazing tools to build your business:

📖 Chapter Timestamps Here ⏰
0:00 Intro to 7 steps to financial success
1:23 Step 1 - Seek Clarity With Your Financial Goals
4:30 You Need To Believe If You Want to Be Successful With Your Money
6:04 Step 2 - Eliminate Debt and Increase Financial Efficiency
7:56 Step 3 - Save Money Before You Invest
8:50 Step 4 - Invest For Cash Flow
10:24 Step 5 - Compound that Cash Flow
10:44 Step 6 - Reach Your Financial Freedom Number
12:15 Step 7 - Reach Your Dream Number (LEGACY)

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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:

How To Properly Structure A Whole Life Policy

Indexed Universal Life vs Whole Life - Which is Better

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💥FOLLOW CHRIS ON SOCIAL MEDIA 👇

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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.

So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.

Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.

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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.

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[LIFE]

Text IBC to 26786 to learn more

Or watch the Understanding Your Money Playlist to continue the journey!

[OvertIntelligence]

I think whether you are in the whole life camp or IUL camp the objective should be transparency, education, and value. I prefer IUL's because of my style and business model. But I can see how one would lean towards the whole life policies. I'm just about to launch my IMO/MLM company and so I will definitely be doing your IUL challenge. But I'm sure my overall growth with my company will overwhelm the results of the challenge and that is why there is no one size fits all. Who are we to say vanilla is better than chocolate? I think you are using borderline deceptive tactics to get your point across. You do have valid points. It seems to me that the truth lies somewhere in the middle. IUL'l have more upside potential and whole life has more stability potential. The IUL carrier I go with offers 2% fixed minimum guaranteed and so there is that that i like and so I'm interested in seeing what insurance companies do to bolster their policies going forward. I can't help but think that companies will now lean towards more favorable IUL's being that they will do better with lowering fixed rates and selling people on the potential growth. But I'm sure whole life policies will come up with a creative way to maintain their market share possibly maintaining a 3% fixed rate instead of 4%. We have to know that the insurance companies are using both IUL and Whole life policies to offset their risk and expenses and grow their revenue shares and so it is going to be a very interesting few years to a decade....Oh and one final note....The difference makers are the Carriers and agents. We need solid Carriers and solid agents overall but they aren't forcing people to buy policies and so if people are duped regardless of what policy they have to know that they will live with their good or bad choices. I'm just happy to be in the educated bunch...