How to Cultivate Financial Discipline to Meet Your Goals

Creating Wealth

A 2023 survey conducted by payroll.org found that 78% of Americans live paycheck to paycheck and are struggling to save or invest after covering monthly expenses. Despite markets reaching all-time highs, recent years of inflation have driven significant stress and concern over the current economic state. Roughly half of 4,000 respondents in a June survey by Jenius Bank reported losing sleep over their financial situation.

In this episode, we focus on what we can control: developing financial discipline. What does it take to be disciplined with your money? We'll expand on the statistics behind Americans living paycheck to paycheck, explore the history of personal savings, and dive into what it takes to be financially disciplined.

We'll cover:

1. The top reasons why Americans live paycheck to paycheck.

2. The history of personal savings – how did people save money decades or centuries ago?

3. The nature of self-discipline – is it innate or a learned skill?

4. Common challenges people face when trying to develop financial discipline.

5. Practical strategies to increase financial discipline.

We hope this episode empowers you with ideas and strategies to incorporate into your life, helping you increase your discipline in creating wealth. Let's begin!

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