Live it Full Richard & Kaitlin Fergeson

1: 70/20/10 - Live on 70% of your income, invest 20% and give away 10%. 
2: If you can’t buy something with cash, don’t buy it with credit (other than a car or real estate). 
3: Have six months of living expenses in cash but no more than that. 
4: Don’t waste money.
5: Don’t spend money based on emotion. 
6: When investing your money, do your due diligence, then do it again. 
7: Think four generations in the future before you spend or invest your money. Will it benefit my children’s children? 
8: Never carry a credit card balance unless it’s at 0%. 
9: Never have all your money in one account. (Read Profit First if you haven’t) 
10: Never have all your money in one investment (unless it’s your first deal).
11: Never spend more than you can truly afford. You have to know what you can afford. 
12: Don’t spend money solely to impress others, the Joneses are broke, you just don't know it. 
13: Make sure the reward always outweighs the risk. 
14: Treat your money as if you worked hard for it, even if you didn’t. 
15: Never work for the same dollar twice.
16: Manage and adapt your budget monthly.
17: Know your numbers (this is most people’s biggest issue) 
18: If it sounds too good to be true it is, trust me. 
19: Inform yourself of how taxes work and pay accordingly, get a good CPA. 
20: Never rely on just one source of income, the average millionaire has seven. 
21: Spend your time earning money until you can spend your money earning time.

Meditating on your mortality is only depressing if you miss the point. It is in fact a tool to create priority and meaning. It’s a tool that generations have used to create real perspective and urgency. To treat our time as a gift and not waste it on the trivial and vain. Death doesn’t make life pointless but rather purposeful.  Ryan Holiday 

Richard and Kaitlin discuss their takeaways from the book "Atomic Habits" by James Clear. 

"Out of every one hundred men, ten shouldn't even be there, eighty are just targets, nine are the real fighters, and we are lucky to have them, for they make the battle. Ah, but the one, one is a warrior, and he will bring the others back." -Heraclitus

Do you need rest or peace? Physical sleep or mental relaxation? Kaitlin and Richard discuss what they do when feeling worn down.