I Can Be Wealthy Podcast

#148 Using Your Lifestyle Burn Rate to Manage Risk


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Welcome to the 148th episode of the Alternative Investing Podcast!

In this episode, we'll explore the concept of "lifestyle burn rate" and dive into three simple strategies to help you build a cash reserve against any potential market downturns.

We cover:

  • The Two Ends of the Spectrum
  • Why You Need to Understand Lifestyle Burn Rate
  • How Does Your Lifestyle Burn Rate Impact Your Personal Risk Position?
  • Key Takeaway #1: Evaluate Your Lifestyle Burn Rate Every Month
  • Key Takeaway #2: Get Real and Commit
  • Key Takeaway #3: Make an Overview of Assets and Expenses

 

If you're an investor or a business owner who wants to give yourself an edge in managing risk during uncertain times, then make sure to listen to this episode! 



Connect:

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I Can Be Wealthy PodcastBy Salena Kulkarni