In this episode of the His & Her Money, Clark Kendall shares how it’s possible for everyday, middle-class people like your janitors, hair salon owners, and teachers have the potential to become millionaires through smart, strategic investing.
Clark shared the two essential keys to starting that journey to a millionaire lifestyle, mindset, and strategy.
In the episode, Clark focused particularly on mindset because the mindset is key in becoming a million-dollar investor. This means developing good financial habits and gaining financial literacy. Clark shares some of the top financial habits you need to adopt to start bringing more money to improve your finances.
Becoming a smart investor also means having the right strategy. Clark shared what a good financial strategy looks like, whether you are a parent saving for their kid’s future or a future retiree trying to figure out what to do next. Moreover, Clark gives examples of people who used simple strategies to plan for the financial future they wanted.
In giving this advice, Clark also talks about one of the biggest things that stop many prospective investors from diving into the market.
Many of them are scared or intimidated because they don’t feel they have enough money or education to be a smart investor. Also, Clark breaks down how to move past this fear and into abundance.
If you are someone who wants to invest but always felt that you weren’t ready yet, Clark will provide the motivation and strategies that will help you get started on the path to a smarter and wealthier investor.
Clark Kendall is the President of Kendall Capital Management and author of the fantastic book Middle-Class Millionaire. Furthermore, Clark has 30 years of experience in investment and wealth management with the academic knowledge obtained from the Chartered Financial Analyst® (CFA), Accredited Estate Planner (AEP®), and CERTIFIED FINANCIAL PLANNER (CFP®) programs. To find out more about him, you can check him out on LinkedIn or on his website.
What You Will Learn
- How his childhood & passion for working with the middle class led him to write “Middle-Class Millionaire”
- Biggest misconceptions about retirement
- How to set yourself up for smart investing…even if you don’t have a million dollars in the bank
- Why you should adopt a saver’s mindset to become a better investor
- Why Clark says we need to rethink retirement
- Teaching financial literacy to your kids
- The unique way Clark taught his kids financial literacy
- How can someone get started in investing?
- What is tax diversification?
Resources Mentioned
- Middle-Class Millionaire: Surprisingly Simple Strategies to Grow and Enjoy Your Wealth
- 40% of Americans can’t cover a $400 emergency expense (CNN Money)
- Rule of 72 (Investopedia)
- Uniform Gifts to Minors Act (Investopedia)
- Qualified Charitable Deductions (TheBalance)
Thanks For Listening!
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