1 rich Libsyn https://www.libsyn.com 90 600 James is going to talk about the three things you need in order to live a financially successful life. There is so much complication when it comes to money, but we can really simplify it down to boundaries, balance, and accountability. Boundaries can feel like a limitation, but they can actually be deeply freeing if done correctly. We need a financial balance. Over emphasizing one thing and neglecting everything else will create an unbalanced financial life. We need accountability and conversations with others to create boundaries and balance.&amp;nbsp; &amp;nbsp; Episode Highlights:&amp;nbsp; [02:23] Boundaries: In order to have a financially successful life we need to have boundaries. These boundaries are dependent on your situation in the state you live in. There aren't really hard and fast rules. [03:08] Ideally you give yourself a boundary and draw your lifestyle cap, and then the rest of the money can go into savings and investing. [04:26] Creating a frame around us allows us to be safe and have the confidence to enjoy what we have. [06:54] Balance: Don't overemphasize any one thing. Spending all of your resources in one direction can leave you in a situation where you're unprepared, or you haven't saved enough. [08:11] Don't be overfocused on one thing like debt reduction and neglect other things like your 401K or other sensible financial actions. [08:57] All of our goals are saved simultaneously even though they occur sequentially. This creates a challenge when balancing our finances. [10:39] Accountability: It can't happen in a vacuum. When establishing boundaries you need accountability.&amp;nbsp; [12:05] Begin your journey of accountability by having conversations with your spouse or even checking in with your kids. [14:07] The most valuable piece of your financial community is having a financial advisor to help you create and keep a plan to do what you need to win financially.&amp;nbsp; &amp;nbsp; Resources &amp; Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Episode 19 Build Your Money Community Invest In Your Life https://wqcorp.com/category/podcast/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/26171931/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/26171931