There are many individuals, including myself, who did not receive a proper education about money. This lack of knowledge can lead to financial struggles and a feeling of helplessness when it comes to managing personal finances.  So, financial education is essential in today's society. It fills a gap in our education system and equips individuals with the knowledge and skills they need to make sound financial decisions. By understanding personal finance, individuals can take control of their financial future and work towards achieving their financial goals. In today's episode, I had the pleasure of hosting a very special guest, Walter Young. Walter is a Wealth Advisor, Financial Expert, and Best-selling Author of The 5th Option, and he brings a wealth of knowledge and experience to the table. Together, we explore the secrets to finding your financial confidence and unlocking a life of fulfillment. Walter's expertise lies in strategy and leadership, and his gift is the ability to listen and help others see themselves. His passion lies in helping those who are on the cusp of financial stability and believes that by empowering individuals with financial knowledge and strategies, they can gain the confidence to make a positive impact in the world.  During our conversation, he shares valuable insights on how to become financially responsible and grow our wealth. He debunks the misconception that wealth is only attainable through winning the lottery or having a high-paying job. Instead, he shows us that there is a way to achieve financial success through education, strategic planning, and making informed decisions. It's an eye-opening conversation that will leave you feeling empowered and motivated to take control of your financial future. No matter where you are in your career or financial journey, there are mentors and financial coaches available to help you achieve your goals. Walter emphasizes the importance of seeking guidance from those who have already achieved what you aspire to. Additionally, for our young listeners ready to venture into the business world, there are fantastic resources and mentorship opportunities waiting for you! Walter's expertise and genuine passion for helping others shine through, making it a truly enlightening and transformative conversation. Key Takeaways [00:03:49] Financial education is crucial.  [00:05:20] Understanding retirement planning and its challenges. [00:10:16] How credit works and insurance products. [00:14:02] The 4% withdrawal rule. [00:18:39] Retirement income plans. [00:21:11] The entrepreneurial mindset. [00:24:31] Maximize your shareholder values. [00:27:01] Money and finding balance. [00:30:01] Opportunity loss in financial moves. [00:33:45] The power of mentors. [00:36:07] Finding mentorship and resources. [00:39:21] The fulfillment of business. [00:42:37] Rainy day funds and opportunities. [00:43:50] Helping people achieve financial confidence. Memorable Quotes "There's probably somewhere deep in my psychology, very much the need to help people understand finances, because it was a challenge in our household for sure. And I think that's probably where some of this was born from. And I really like to merge the academic world where we have proof about how finances happen versus popular opinion, where it's people's opinions. And, you know, I think if we could help people that learn that lesson, they'll all be better off in the long run." [00:08:19] – Walter Young "So, where I get excited is taking folks who are right on that cusp of being okay or not okay and finding the strategies and things that's going to change their life materially. That's where I get, that's my Ikigai, is knowing that if I can impact someone financially, my hope is that they will have some confidence and financial confidence breeds them to do amazing things in the world. " [00:44:01] – Walter Young Where To Find & Connect With Our Guest Website: https://thefifthoption.com/ Email: [email protected] Phone Number: 206-683-3375 Subscribe to Mary Dee's Youtube Follow Mary on Instagram and Linkedin  Check out The Breasties! The first all-inclusive nonprofit organization that creates community for breast and gynecologic cancer survivors, previvors, thrivers, and carevivors.

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