#36 - A No Nonsense Framework for Wealth
Greetings!
A MASSIVE THANK YOU to all who sent me direct feedback about the new podcast, Your Money Guide on the Side. As of last Wednesday, the show climbed to #13 in business and finance podcasts in the US! And the best part? We’re just getting started. The goal is simple and will remain constant: add as much value to your lives as possible for free, always.
You can tune in to Your Money Guide on the Side via Spotify, Apple, Amazon, or your preferred platform of choice, and I will be posting new episodes every Monday at 6am EST. (You KNOW you want to get up and listen to start your week!)
Monday, March 10th’s Episode: Cutting through Crypto: Noise & Nonsense with guest, Mike Taormina, CFA
And now back to your regularly scheduled programming…
This Week: A (Realistic) Framework for Building Wealth
Most people I know struggle with building wealth—not because they aren’t smart or disciplined, but because they don’t follow a clear, repeatable process. Here’s a simple, no-nonsense framework that removes most of the guesswork, and (hopefully) some of the anxiety:
1️⃣ Name the Problem (Most People Can’t Do This…Try It)
You can’t fix what you don’t define. Are you overspending? Underearning? Paralyzed by market fear? Too much debt? Too little investing? Most people live in financial fog, reacting instead of strategizing. Clarity is the first step. Define the single biggest obstacle standing between you and financial progress. Write it down. Say it out loud. Share it with your partner, your kids, your bloodhounds, etc. Own it.
2️⃣ Prioritize the Problem (Singular, Not Plural)
The word “priority” was singular for 500 years. It meant one thing. It wasn’t until the 1900s that people started talking about “priorities”—a contradiction in terms. Wealth is built by solving one financial issue at a time. Trying to do everything at once leads to burnout and no real progress. Pick one problem. Solve it completely before moving on.
3️⃣ Address the Problem with the Right Resources
Once you’ve named and prioritized your problem, the next step is applying the right solution. Maybe that’s a Certified Financial Planner (CFP) for expert guidance, or first principles thinking (spend less than you earn, invest early, automate everything). Whatever it is, finish the job, don’t get weighed down by useless noise on social media, and when in doubt, shoot me a note if you want help vetting a resource!
The specific solution will never be a one size fits all, but a single framework can be a truly helpful guide as you aim to get one step closer to where you need to be.
Tyler
