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Mary Crafts has been part of the best events in Utah for over 35 years. She is the largest off-premise caterer in Utah, catering for names like Oprah Winfrey, George W. Bush, and Sir Elton John. She's a 16X Best of State winner! Now there's an opportunity to give back and to share with others her hard-won life lessons and success, bringing you her life experiences as only she can to help you craft a meaningful life!

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  2. (Ep 332) Unlocking Financial Freedom: Principles Over Predictions

(Ep 332) Unlocking Financial Freedom: Principles Over Predictions

Jul 12, 2024

Mary Crafts hosts financial expert Tim Turley to discuss the overlooked realm of finance on this episode of Crafting a Meaningful Life. Tim emphasizes principle-based financial planning over traditional methods, stressing integrity, loyalty, and service. They address topics like the unpredictability of markets, the importance of saving, and the need for women to be financially informed. Tim shares practical advice for financial independence, whether you're just starting out or already deep into your career. Essential listening for anyone looking to align their financial choices with their core values.

 

Key Takeaways:

  • Principle-Based Financial Planning: Tim Turley advocates for a financial approach rooted in strong life principles such as integrity, loyalty, and service, making financial decisions predictable and stable.
  • * Pay Yourself First: Emphasizing the principle of saving at least 15% of your gross income before making any investments to build a secure financial foundation.
  • * Unexpected Life Events: The importance of maximum protection through insurance and having six months to a year's worth of income saved in accessible, guaranteed places. 
  • * Women and Financial Literacy: The critical need for women to be involved in financial planning, understanding finances, and even having personal savings or a side income, especially in cases of divorce, disability, or death of a spouse.
  • * Customized Financial Freedom: Financial freedom isn't about retirement but having enough passive income to support the lifestyle you want, achieved through principles rather than unreliable market predictions.
  • Tim Turley on LinkedIn
  • Book: The Richest Man in Babylon