SeedTime with Bob and Linda Lotich

← SeedTime with Bob and Linda Lotich16 oct · 57 min

AUM: The One Number That Tells You If You're Actually Getting Ahead Financially

AUM: The One Number That Tells You If You're Actually Getting Ahead Financially16 oct57 min

Most of us measure our money by how the month feels, and that's a lot like trying to lose 20 pounds by checking how tight your sweatpants are. In this live workshop, Linda and I walk you through the one number that actually tells you whether you're getting ahead, why we stopped calling it net worth, and what Proverbs 27:23 has to do with it.

We get into why so many of us avoid looking at our finances, the two scoreboards that keep people anxious no matter how they're doing, our own first number (-$13,843) and where it was one year later, a 10-minute exercise to find your number, the four financial stages and what to do in each one, and your questions about money leaks, setting an enough number, giving when money is tight, and paying for kids in college.

Not sure which of the four stages you're in? Take our short stage quiz (10 questions, about two minutes) and you'll get next steps for right where you are: https://seedtime.com/stage

Timestamps

0:00 Cold open and intro

0:42 Seeing your whole financial picture on one page

1:47 Proverbs 27:23 and why God wants you to know your number

3:18 Why so many of us avoid looking

6:26 Step 1: Face the number

8:52 Visibility vs. discipline

10:50 Step 2: Swap the scoreboard

11:33 Your strength or God's strength