305: Cash Matthews: Lessons on Financial Success from Money University

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Cash Matthews has been in the financial business and worked with countless families and individuals since the 1980’s.

During his adult life, he has worked entirely with just one ambition: to help people succeed with their finances and have a happy life! He believes the pressure of a poorly constructed financial life can also have a negative impact on your health and your family.

He is the author of several books including Money University and the Solomon Way.

Favorite Success Quote

“Don’t do stupid stuff and you will be fine” ~Cash’s Grandmother

Key Points

1. Forget the Joneses. They Are Broke 

In today’s material-focused society, you see so many people focused on keeping up with the Joneses.

The problem is, the Joneses are completely broke and are living their lives based upon the desire to look good for everyone else, often at the expense of their health, financial well-being, and ultimate success.

If you want to succeed at anything in your life, then forget about the Joneses.

You don’t need the fancy car, expensive watch, or flashy toys, spend your money on experiences, on your family, and on living a lifestyle that makes you happy.

Don’t spend it on getting into a meaningless competition with shallow and materialistic people.

2. You Have to Figure Out What You Want 

One of the reasons that so many people struggle to save and make money is that they don’t really know what they want.

They have no vision for themselves and their lives, they have no why behind going to work and saving money.

And “Where there is no vision, the people perish.”

So if you are struggling to make or keep the amount of money that you want, then start with why.

Figure out what you want out of life and figure out how much money you will need to make it happen, then start taking the steps necessary to get there.

3. Get a Little Bit of Perspective 

Whenever you think you have it bad, whenever you are stressed, whenever you are struggling, just remember that you are beyond fortunate.

If you have the ability to read this article or listen to this podcast right now, then you are in the top 10% in the world. Even if you are poor in the U.S., you are not truly poor compared to the rest of the world.

Once you can get this perspective on your life, then you can completely change your outlook on financial stress and the problems that you are facing.

4. Pay Yourself First & Take Care of Your Taxes

If you want a quick, down and dirty tip for achieving more financial freedom, here it is.

Pay yourself 10% out of every paycheck that you make and ensure that the government is not taking more than their fair share out of your paycheck.

According to the IRS nearly 80% of all people are voluntarily overpaying on their taxes.

This means that you could be saving thousands of dollars a year by simply hiring an accountant and sitting down for an afternoon.

If you can reclaim the money that is rightfully yours and start paying yourself first, your financial future will never be the same.

5. Action Cures Everything 

Plain and simple, no matter what you are facing in life right now, action is the cure all.

Broke? Start mowing lawns, delivering pizzas, and working overtime.

Socially shy and miserable? Get out and meet new people, talk to strangers, and approach beautiful women at social events.

Fat? Get off the couch and get into the gym.

I don’t care what you are struggling with, action will cure it.

Plain and simple.

Influential Books

1. The Book of Proverbs in the Bible

2. As a Man Thinketh by James Allen

3.  Think and Grow Rich by Napoleon Hill

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Connect with Cash Matthews

Cash Matthew’s LinkedIn

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