Head in the Clouds, Feet on the Ground – it’s one thing to have a game-changing idea, but pulling it off can feel like trying to defy gravity. Welcome to the new Xero Gravity podcast where we’re sharing the human side of business. Listen in to hear authentic stories from those who dreamt big, took a chance, and lived to tell the tale.
This week on Xero Gravity we get into some financial realness with Sarah Riegelhuth – a young entrepreneur that’s helping millennials take control of their finances and build personal wealth.
Sarah is a financial advisor, founder of Wealth Enhancers, and author of ‘Get Rich Slow.’ She sits down with Elizabeth Ü to discuss personal wealth – something that’s actually quite simple with the right information. Her philosophy on getting rich slow is all about starting small, working with what you have and making financial moves that line up with your goals. No get rich quick schemes here.
After years of credit card debt and living paycheck to paycheck, Sarah took control of her own finances and discovered a passion for helping other millennials do the same. Now, she’s on a mission to “make this generation become the most financially free generation.” And it’s less about how much you make and more about what you do with it.
“At the end of the day, it’s not that complicated. It comes down to spend less than what you earn and do something with the surplus. Save some cash, get involved in the share market – but do something that’s diversified. Use professional fund managers, portfolio managers or advisers to actually help you navigate that,” says Sarah.
Sarah sees people get paralyzed with making a decision about their finances because they don’t have the right information. “Fear holds a lot of people back. A lot of people just are afraid to do anything so they do nothing,” she says. Cash in a bank account is great, but if that’s all you’re doing with your savings you’re going broke slowly.
“Interest rates on cash don’t keep up with inflation, so you’re actually going broke slowly. You’re going broke slowly and safely because you’re too afraid to do something,” she continues.
Tune into episode #76 of Xero Gravity to hear more about gaining control of your finances and achieving financial freedom. Plus, hear Sarah’s thoughts on investing in real estate and the situation that almost forced a shutdown of her business – and how she overcame it.
Small Business Resources:
If you enjoyed this episode, join us again next week when we talk with Timmy O’Neill, professional rock climber and comedian about inspiration, failure, and what it really means to feel alive. Be sure to check out all of our previous episodes for more small business tips, resources and insights.
What would you like to hear?
Got a topic you’d like to hear discussed? Or a business expert you admire and would like to hear from? Let us know in the comments below!
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