Transforming My Finances: 10 Crucial Lessons That Shaped My Wealth Journey

In today’s video, Azul covers 10 personal finance lessons that changed the trajectory of his life. Without these important basic money lessons, he likely would not be financially independent. Some of these ideas are for beginners, while others are more advanced savers & investors === Azul’s “Scammer” Warning & Disclaimers. PLEASE READ!! === Be careful of scammers. In the comments, I will NEVER suggest you contact me, offer any investment products, recommend a stock broker or anything similar. Some scammers ask for investment help in the comments and later, other commenters post how “great that idea/investment/person is” in the replies. This is a scam. Do not fall for it. MORE FROM AZUL: Twitter: Essays: NEED FINANCIAL ADVICE? 1) Google “fee-only financial adviser” or visit 2) #1 question to ask any financial adviser is “Are you a fiduciary to me 100% of the time” Get the answer in writing 3) Please note that some people call themselves “fee-based”. This is NOT the same as fee-only. Fee-only advisers have committed to being a fiduciary to you 100% of the time. 4) Speaking just for myself personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. We are all different and I do not know your personal situation. MY VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer): This information is provided to you as a resource for informational purposes only and should not be viewed as investment advice or recommendations. To get professional financial advice from a fee-only financial advisor near you, please visit The decisions on how to invest, when to retire and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the decision that is right for you and your family. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor may NOT be suitable for all investors. This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions. I don’t believe in “get rich” programs. Rather, I believe in doing your homework and working with professionals who are a fiduciary to you 100% of the time.

16 thoughts on “Transforming My Finances: 10 Crucial Lessons That Shaped My Wealth Journey”

  1. Can’t believe your Not into Real Estate!
    Stocks and bonds can add up nicely but, The Depreciation of a Rental is a great way to get rid of some of those Taxes!
    Also, RE doesn’t have all those Taxes that a 401K (Labor based taxes) has against it!
    Financial advisor, I’ve got more money than most of them! Don’t need one to tell me to invest my money in his investments!
    (My Emergence Fund is $30,000 in the Bank!)

  2. My most crucial or thought provoking lesson came when I was a newlywed in the late 70s. My wife and I were at the grocery store and witnessed an older couple trying to make a decision on whether to buy some cheap frankfurters or a package of cheap bologna because they couldn’t afford both. Due to a decade of runaway inflation it probably wasn’t even their fault. That was a lesson that motivated my lifetime of saving.

  3. Love your videos. Your advises are always intelligent and heartfelt, very different from many YouTube channels out there. I’ve always been very bad at managing money until recently. I had luck on my side, though. When I was fresh out of college I had a good friend who just started her financials adviser career and she needed to meet her quotas. She taught me the concept of paying myself first. I opened a retirement account and an investment account with her and started putting a little money in them automatically twice a month. A couple of decades later even with the poor choices I’ve made because of my spending habit, I still accumulated a good sum of money in my investments. Now I’m learning more about money management, I am forever grateful for my friend for starting me off on the right track.

  4. Your wife is a keeper and you were smart to recognize that in her! Congratulations to you both for your many years together… and question: did the plan laid out to you by the fee only financial advisor map you until today? How far did that meeting take you?

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