Thanks again to Brian Adams for hosting a podcast in which we discussed the importance of combining Financial Literacy with Life Literacy—i.e., Total Wealth. To listen to our discussion, click on:
If someone asks you what wealth means for you, what would your response be? The first thing people always associate this term with is money, however, wealth can also be translated into freedom, opportunities, and security. Our amazing guests, David Dubofsky and Lyle Sussman, the authors of Your Total Wealth: The Heart and Soul of Financial Literacy will show us the real meaning behind the wealth word. They will also discuss how the book is organized and why financial literacy is essential to achieving success and financial independence. Tune in and learn more about the heart and soul of financial literacy!
Key Highlights:
David and Lyle share their background and work
Why they decided to write Your Total Wealth: The Heart and Soul of Financial Literacy
What you should know about personal finance and well-being
[08:50 – 20:14] Financial and Life Literacy is Vital
David and Lyle recommend people to read Think and Grow Rich
Financial literacy can be the difference between having a successful life and a nonsuccessful life
The benefits of using financial literacy as a tool to achieve success
[20:15 – 30:18] Going on Your Own Financial Literacy Journey
How the concept of compound interest can have a dynamic effect on a person’s wealth
The importance of financial literacy and how people can use it to make better decisions about their money
Why and how people should read Your Total Wealth: The Heart and Soul of Financial Literacy
[30:19 – 35:45] Closing Segment
People can have regrets about their decisions in life even if they don’t have any formal education or experience in finances
Key Quotes:
“The decisions we make throughout our lives have a compounding effect and will lead to satisfaction in life.” – David Dubofsky
“Wealth doesn’t just result in more money. Wealth also results in more freedom, more opportunity, and more security. Money is a tool to help you achieve your goals and dreams.” – Lyle Sussman
Connect with David and Lyle:
Email: d.dubofsky@louisville.edu
Email: lyle.sussman@louisville.edu
Connect with me on LinkedIn!
