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This presentation consists of highlights from the interview with Moe Abdou,
founder & host of 33voices®.
Nicole Lapin is the only finance expert you don’t need a dictionary to understand. She got her start in finance at age eighteen, reporting from the floors of the Chicago Mercantile
Exchange and the Chicago Board of Trade for First Business Network. She went on to be-come the youngest anchor ever at CNN and then to claim the same title at CNBC, where she anchored the only global finance show on the network, Worldwide Exchange, while contributing financial reports to MSNBC and Today. Nicole has also served as a business anchor and correspondent for Bloomberg Television. She is a special money correspon-dent for The Insider and The Wendy Williams Show, as well as the host of her own show, I’ll Never Forget My First. Nicole is the creator of CASHTM, the first ever smartwatch for
tracking your expenses throughout the day.
Nicole Lapin@nicolelapin
Author of “Rich Bitch”
If you’re serious about taking control of your financial future, first, admit that you have
a problem and invest in the type of knowledge that will forever pay you dividends.
Insight #1
Insight #2
It’s impossible to achieve financial success unless you first define it.
Start by answering these five questions:
Insight #2
It’s impossible to achieve financial success unless you first define it.
Start by answering these five questions:
What do you hope to get out of your career? What’s more important,
the money or the work you do?
Insight #2
It’s impossible to achieve financial success unless you first define it.
Start by answering these five questions:
If you’re at the beginning of your career now, or even well on your way, what does your
job look like in five years? Ten years?
Insight #2
It’s impossible to achieve financial success unless you first define it.
Start by answering these five questions:
Do you see yourself settling in one spot and buying your own home someday, or do you imagine
a globe-trotting life of travel and adventure?
Insight #2
It’s impossible to achieve financial success unless you first define it.
Start by answering these five questions:
What do you like to do in your off hours? Alpine skiing every winter, karaoke with
friends on Friday nights, or does a monthly book club float your boat?
Insight #2
It’s impossible to achieve financial success unless you first define it.
Start by answering these five questions:
Do you see yourself being married? Having kids?
Insight #3
Think of a budget as a conscious spending plan and watch your financial IQ soar. Opt not to be one of these people:
Insight #3
Think of a budget as a conscious spending plan and watch your financial IQ soar. Opt not to be one of these people:
Trying to keep up with others
Insight #3
Think of a budget as a conscious spending plan and watch your financial IQ soar. Opt not to be one of these people:
Doesn’t have a spending plan
Insight #3
Think of a budget as a conscious spending plan and watch your financial IQ soar. Opt not to be one of these people:
Doesn’t have a saving plan
Insight #3
Think of a budget as a conscious spending plan and watch your financial IQ soar. Opt not to be one of these people:
Doesn’t pay her bills on time
Insight #3
Think of a budget as a conscious spending plan and watch your financial IQ soar. Opt not to be one of these people:
Lacks ambition
Insight #3
Think of a budget as a conscious spending plan and watch your financial IQ soar. Opt not to be one of these people:
Just unhappy
Insight #3
Think of a budget as a conscious spending plan and watch your financial IQ soar. Opt not to be one of these people:
Cares too much about others and neglects herself
Insight #4
As you contemplate home ownership, dismiss these myths:
Insight #4
As you contemplate home ownership, dismiss these myths:
Paying rent is money down the drain! Expenses are associated with both
owning and renting a property.
Insight #4
As you contemplate home ownership, dismiss these myths:
Homeownership should be your ultimate goal! There’s no one size fits all.
Insight #4
As you contemplate home ownership, dismiss these myths:
Buying a home is a safe investment! It’s actually a long term proposition.
Insight #4
As you contemplate home ownership, dismiss these myths:
If you’re pre-approved for a mortgage, you can afford it! No financial institution
knows you better than yourself.
Insight #5
Eat, pray and drive; make smart decisions:
Insight #5
Eat, pray and drive; make smart decisions:
Don’t pinch pennies when it comes to your health, for that’s all you have
Insight #5
Eat, pray and drive; make smart decisions:
Have the chutzpah to negotiate your utility, phone and cable bills
Insight #5
Eat, pray and drive; make smart decisions:
Never lease a car. Buy a good used one instead, cheap
Insight #6
No debt is good debt. Get serious about paying it off; here’s how:
Insight #6
No debt is good debt. Get serious about paying it off; here’s how:
Acknowledge it
Insight #6
No debt is good debt. Get serious about paying it off; here’s how:
Set up automatic payments each month
Insight #6
No debt is good debt. Get serious about paying it off; here’s how:
Set a deadline
Insight #6
No debt is good debt. Get serious about paying it off; here’s how:
remind yourself why you’re doing this
Insight #7
When you realize that money is your ticket to fully experiencing life, you’ll start to save — be-cause being broke sucks. Start by committing
to having a three to six month emergency fund.
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
Do you have six to nine month of expenses saved up?
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
Have you done a ton of research into the profession? Have you studied the competition and talked to others who are in the business?
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
Have you come up with a business plan?
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
Are you already established in the industry, with a good resume, complete with
experience and references?
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
If your grand plan fails, can you quickly get another job?
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
Do you need extensive health coverage for yourself or your family?
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
Have you recently become frustrated with work and want to pursue what seems like a cool idea?
Insight #8
If you find yourself stuck in your career, answer these eight questions to see if
you’re wired to do your own thing:
Do you have a new idea for a business… almost every day?
Insight #9
If you envision retirement to be the best years of your life, don’t fall for the conventional wisdom:
Insight #9
If you envision retirement to be the best years of your life, don’t fall for the conventional wisdom:
Investing in a 401(K) — it’s not the answer for everyone.
Insight #9
If you envision retirement to be the best years of your life, don’t fall for the conventional wisdom:
Children first — think twice before funding a college education in lieu of your retirement
Insight #9
If you envision retirement to be the best years of your life, don’t fall for the conventional wisdom:
Wills are for rich people — Not taking care of your business is stupid
Insight #10
If you choose to invest in the stock market and own great companies, remember this from Warren Buffett: “If you aren’t willing to own a stock for ten years, don’t even think
about owning it for ten minutes.”
When did you last try to negotiate down the interest rate on your credit card?
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Presentation created by Chase Jennings
Insights by Moe Abdou
