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Jan 31, 2020

This episode of The Confident Wealth Practice Podcast with Bill Bush and Pete Bush take a look at the recent college football championship victory of the Louisiana State University Tigers and how the valuable lessons from that win can be applied to achieving your own financial success.

 

 

Episode Highlights:

 

  • 00:30 – Bill Bush and Pete Bush introduce the topic of how the lessons learned from the LSU Tigers college football championship win can translate into one’s financial life.
  • 03:00 – What is the ultraspecific goal that you are setting for your financial year?
  • 04:49 – What is the ‘summer of 10,000 passes?’
  • 06:41 – DIscipline is needed to make it through the long haul of focusing on your financial future.
  • 08:14 – Have a lot of good options while putting your best investment choices.
  • 08:51 – Coaching played a role in the LSU Tigers and it can do the same in your financial life.
  • 11:07 – How do you go about reloading and rebalancing your investment decisions when your investments overperform or underperform?
  • 13:45 – Pete Bush talks about having played baseball for LSU and taking the small daily steps that are needed to get better and reach goals.
  • 14:42 – There is a time for celebration. Have people to share your wins with.

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3 Key Points:

  1. Set one unified goal for your family’s or your company’s financial future just as the LSU Tigers had one unified team goal to win the national championship.
  2. Discipline is need to stick with your financial goals on a long-term basis.
  3. Advisement offers a continual feedback loop to coach you through your decisions.

 

Tweetable Quotes:

  • “At the beginning of any year, we need to sit there and we need to look ahead and we need to say, ‘What is it that we’re trying to accomplish?’” – Pete Bush.
  • “You set the goal. But then you go about chipping away at the work that it takes to get there.” – Bill Bush.
  • “You can’t be in your own financial world and in your head and completely understand and see everything.” – Pete Bush.

 

 

Resources Mentioned: