Eric Brotman joined Maurice Chism on That Will Nevr Work to challenge the common belief that financial planning is only for those with six-figure savings. The conversation revolves around redefining financial freedom, emphasizing the importance of habits over income level, and empowering you to start your wealth-building journey right where you are.
From practical savings strategies to the psychological hurdles of money management, this episode is packed with actionable guidance that’s relevant whether one is an 18-year-old getting their first paycheck or someone looking to reset their financial trajectory in midlife.
5 Key Takeaways
Financial Planning Is for Everyone
Eric stresses that regardless of income or net worth, financial planning is a vital tool anyone can (and should) use. The journey to financial independence starts with a single decision—not a certain bank balance.The Best Starting Point Is Now
Start today—whatever your age or situation. Saving a set percentage, such as 15% of every paycheck, builds habits and flexibility over time.Beat Instant Gratification with Structure
Eric discusses the importance of removing temptation by placing savings out of daily reach, recognizing how easy it is to undermine long-term goals with short-term spending.Financial Literacy Outweighs High Income
The importance of learning basic financial principles and building discipline is highlighted, emphasizing that strong habits and knowledge are more powerful than a big paycheck.Giving Back Is Essential to True Wealth
Through the “three jars” philosophy—allocating money for fun, savings, and charity—Eric demonstrates that generosity, whether through money, time, or talent, creates lasting fulfillment and community impact.
