21 min
Stop Budgeting, Start Living The Land of Possibilities
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- Investing
Colton and Joel McGriff discuss Parkinson's Law in relation to financial management, explaining that income can often increase alongside expenses. They relate financial decisions to opportunity cost, using Colton's personal situation of selling a car to afford a new bike as an example. Additionally, they discuss the practice of tithing as a means to promote abundance rather than scarcity. The hosts urge listeners to apply these principles to their own lives and look forward to future episodes.
Highlights:
The impact of targeted advertising on spending habits and Parkinson's Law Colton’s personal example of trying to accommodate the expenses related to a forthcoming triathlon Making the decision to cut back on some luxuries to accommodate new expenses, such as selling his Tesla to buy a cheaper car and better allocate funds for a bike and a swimming coach How his decision was guided by examining the opportunity cost of his choices The importance of a frugal mindset and making informed decisions for day-to-day expenses The tendency to fall into a scarcity mindset when strict budgets are enforced Various life cycles to provide a more comprehensive understanding of Parkinson's Law
Resources and Links:
https://www.themcgriffalliance.com colton@tmafamily.com kierson@tmafamily.com joel@tmafamily.com Phone: 205-991-4448
Call To Action:
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Colton and Joel McGriff discuss Parkinson's Law in relation to financial management, explaining that income can often increase alongside expenses. They relate financial decisions to opportunity cost, using Colton's personal situation of selling a car to afford a new bike as an example. Additionally, they discuss the practice of tithing as a means to promote abundance rather than scarcity. The hosts urge listeners to apply these principles to their own lives and look forward to future episodes.
Highlights:
The impact of targeted advertising on spending habits and Parkinson's Law Colton’s personal example of trying to accommodate the expenses related to a forthcoming triathlon Making the decision to cut back on some luxuries to accommodate new expenses, such as selling his Tesla to buy a cheaper car and better allocate funds for a bike and a swimming coach How his decision was guided by examining the opportunity cost of his choices The importance of a frugal mindset and making informed decisions for day-to-day expenses The tendency to fall into a scarcity mindset when strict budgets are enforced Various life cycles to provide a more comprehensive understanding of Parkinson's Law
Resources and Links:
https://www.themcgriffalliance.com colton@tmafamily.com kierson@tmafamily.com joel@tmafamily.com Phone: 205-991-4448
Call To Action:
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
21 min