We’re going back to first principles, looking deep into the fundamentals of personal finance success. And if we're going to do that, then we’d better start by defining what personal finance success actually is. Not an easy task, but I’ve never yet shied away from a challenge on this show!

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This podcast is brought to you with the help of Seven Investment Management, who specialise in multi-asset investing, something I talk about a lot, and which I think should form the core of most people’s investments. 7IM have been helping me out here on MeaningfulMoney for ages, and I'm very grateful.

You can see what they’re up to at 7im.co.uk

Defining Wealth

As I’ve said many times on this show, the problem, if you want to call it that, with personal financial success is that it takes so long, at least it usually does. But that’s actually a good thing, because rapid wealth-creation from a lottery win, or the wages of an 18-year-old football prodigy, so often ends badly.

But because it takes so long, it can be hard to look far into the future with any kind of clarity. That means that when defining financial success, we’re login to be using some generalisations, which you then need to apply to your specific situation.

Hmmm. This might be harder than I thought – we’ll see.

Resources mentioned in this episode

Podcast: Setting and sticking to long-term goals

Podcast: How much is enough?

Podcast: How can I make more money? With Chris Ducker

Podcast: Making more money with Chris Marr

Podcast: Enough, with Paul Armson

Calculator: MSE Mortgage Overpayment Calculator

Book: Crushing It by Gary Vaynerchuk (Affiliate link)

App: 7IMagine on the App Store and Google Play

YouTube: MeaningfulMoney Channel

And, here's a transcript:

PostScript

Join me as I show you the 7IMagine app, a great way to do your own financial planning.

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