Wealth, Lifestyle Priorities, and Generational Legacies

Episode #2

Wealth, Lifestyle Priorities, and Generational Legacies

Guest Name: Walli Miller

About the Guest: Founder of Financially Thriving, a three-month, 1:1 coaching program for young professionals. Her “goal is to help women become the first millionaires in their families.”

Walli Miller shares the story of her personal financial journey, from mindless spender with very little to show for all her work to not only the first college graduate in her family but the first millionaire as well.

Confidence with money starts with accepting possibilities
Walli’s no-spend challenge led her to recognize her mindless shopping behavior
Mindless spending not only includes making major purchases but also includes purchasing lots of little things, even at discount stores.
Positive changes can result from negative experiences at one’s place of employment.
Start by understanding your monthly income (not just your salary) and then get a clear understanding of how you’re spending your money.
How to live in an expensive area and still progress financially, without feeling deprived.
Be aware of and minimize lifestyle creep by focusing on priorities.
Life priorities should trump financial priorities.
Developing a money mindset involves our approach to financial behaviors, goals, and habits.
The FIRE Movement (Financial Independence-Retiring Earning) taught her about building wealth, not just earning more money.
Financial independence and wealth mean more than just having money. It means you are creating a family financial legacy.