The Compound Commitment
Welcome to the Compound Commitment, where we focus on the small actions that compound over time. I'm your host, Mike Nilson. Join me every Tuesday as we build the habits that support wealth, health, and happiness.
Each week, we share insights on investing, wealth management, and financial planning alongside practical strategies for nutrition, sleep, relationships and happiness.
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The Compound Commitment
What Is Money For? New Book Series
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Episode 045: For years, I've been fascinated by one question: What is money for?
Most of us spend decades working hard, saving, investing, and sacrificing for the future. But very few of us ever stop to ask what we're actually trying to accomplish once we've built wealth.
That question changed the way my wife Rhiannon and I think about money, parenting, and legacy. It led us to create what we now call the Legacy Loop—a framework that's helping us use money to strengthen our relationships, create more purpose, and prepare future generations instead of simply passing down assets.
This episode kicks off a special series based on my new book, What Is Money For?
Over the next several months, Rhiannon will be joining me as we share the stories, lessons, successes, mistakes, and frameworks that have shaped our family's journey. We'll talk about everything from creating a family vision and defining your values to paying for education, family vacations, entrepreneurship, giving, and one of the most practical tools we've ever developed—the Resistance Triangle—to help answer difficult financial decisions.
I want to be clear: we don't have all the answers.
We're still learning. We're still refining. And we're still having the same conversations many families are having.
What we do have is a framework that's helping us ask better questions and make more intentional decisions together.
If you've ever wondered, What is all this money actually for? Or how can I use wealth to strengthen my family instead of weaken it? I think you're going to enjoy this series.
Thanks for joining me at the beginning of this journey and I can't wait to share it with you!