The Most Important Things You Need to Know About Building Wealth and Financial Stability

In this podcast episode, I talk with Matt Paradise, author of "Financially Capable: A Friendly Guide to Building Whole Health Wealth" about the most important things you need to know about building a mindset for wealth.  Paradise shares his background and work in financial literacy education, emphasizing the importance of budgeting and financial accessibility. He has earned multiple licenses and certifications in the financial education field, including the Association for Financial Counseling & Planning Education (AFCPE©) Accredited Credit Counselor, Certified Educator in Personal Finance (CEPF©), and Certified Identity Theft Risk Management Specialist (CITRMS©).  Matt helped establish credit counseling and financial education departments with American Consumer Credit Counseling, which grew to support approximately 140 employees with an annual revenue in excess of $14 million. He is now an active board member leading the organization to greater growth. A man of great faith, Matt has volunteered with multiple nonprofit boards.  Are you tired of living paycheck to paycheck and feeling financially stressed? Then listening in on this interview with Matt Paradise, author of "Financially Capable: A Friendly Guide to Building Whole Health Wealth" and an expert in financial literacy education may help.   According to Matt, “73% of the people in the country feel an incredible amount of stress, right. Primarily because of their finances.” As Matt says, "Personal finance is a personal matter." Let"s take control of our finances and live a rich life in all aspects.” Matt shares his personal story of how he got into the field of financial education and his passion for helping people get out of credit card debt and build a solid financial future. He also discusses the importance of budgeting and financial accessibility, especially in underserved communities. Matt shared his non-linear journey into the field, helping people get out of credit card debt and bring financial literacy to underserved communities. He was instrumental in establishing the Massachusetts Financial Education Collaborative, which created standards for financial literacy education in K-12 schools. In the interview he discusses the psychology of money, the importance of knowledge and education when building wealth, and the role of credit and debt management. Paradise"s book provides strategies for building wealth and living a whole health wealth life, and he offers free resources on his website to promote accessible financial literacy. Matt emphasized the importance of budgeting and financial accessibility, acknowledging that personal finance is not accessible to everyone, especially when considering race breakdowns in the United States. Matt defines a rich life as one that includes physical, spiritual, and mental well-being, in addition to financial stability.  Matt also provided strategies for building wealth emphasizing the importance of knowledge and education. 📚His book, "Financially Capable", is available on Amazon in e-book, paperback, and hardcover formats, and he offers free resources on his website. Let"s celebrate financial literacy and building a better financial future for ourselves! We dive into the psychology of money and why some individuals may struggle with managing their finances while others do not. Matt emphasizes the importance of knowledge and education when it comes to building wealth and living a whole health wealth life. We also touch on the topic of credit and debt management, with Matt providing valuable insights on how to build a good credit score and avoid debt. When it comes to investing, Matt has some key points from behavioral finance to make:   “And investing being part of that is Learn how to make investing simple for anyone and get on a path toward wealth.