Sam Knickerbocker emphasizes that many people don’t align their spending with their stated goals or values. He helps individuals identify what they truly want, analyze where their money is going, and redirect resources toward their actual priorities rather than commercialized spending habits.
Most people struggle because they don’t consistently analyze their spending habits. They may only review their finances when they face issues like overdrafts, rather than regularly tracking and aligning their spending with their goals and values.
Sam Knickerbocker notes that many people don’t truly understand their values. They often adopt goals based on external influences like family, friends, or media, rather than reflecting on what they personally value in areas like family, health, or faith.
Sam Knickerbocker uses tools that help individuals rank their values by comparing different aspects of life, such as family versus health or sports. This process of discovery helps people clarify what they truly prioritize and align their actions accordingly.
A 'smart legacy' is a goal that is sexy enough to hold attention, massive enough to require collaboration, audacious enough to create separation, remarkable enough to be talked about, and transparent enough to involve others. It’s about creating a legacy that is impactful and sustainable.
A common limiting belief is that people feel they are not worth enough to demand higher compensation for their value. Sam encourages individuals to recognize their worth and seek fair compensation for the value they provide.
Sam advises people to shift their mindset from viewing money as dollars to viewing it as value. He suggests writing down all the tasks they perform, researching their economic value, and demanding fair compensation based on the value they offer.
Sam suggests making new habits easier to adopt than old ones. For example, he uses an app that requires him to do pushups to earn screen time, making it more difficult to engage in unproductive habits like scrolling social media.
The economic value of a stay-at-home parent is estimated between $250,000 to $317,000 annually, depending on the research. Sam highlights the importance of recognizing and communicating this value to stay-at-home parents.
The key takeaway is that legacy is about living the way you want to be remembered. It requires clarity in values, consistent effort, and involving others in your vision to create a meaningful and lasting impact.
Start your New Year off right with Breaking Battlegrounds! This week, Chuck and Sam are joined by Sam Knickerbocker, host of the Fuel Your Legacy podcast, to discuss building a meaningful legacy through financial alignment and mindset shifts. They explore the habits and strategies needed to set yourself up for success in 2024. Later in the episode, Kiley returns for Kiley's Corner with updates on the Bryan Kohberger case and the fascinating story of a waitress whose lottery win took an unexpected turn. Plus, Chuck and Sam dive into the latest New Year’s resolution poll numbers. Don’t miss this inspiring and thought-provoking episode!
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About our guests:
Sam Knickerbocker is the host of the 'Fuel Your Legacy' podcast, where he helps individuals align their financial decisions with their values to build meaningful, lasting legacies. Learn more at https://samknickerbocker.com/. Get full access to Breaking Battlegrounds at breakingbattlegrounds.substack.com/subscribe)