I've learned that planning is super important for creating wealth. Itβs not just about money; we need to be patient and have a plan for different parts of our lives, like finances, fitness, faith, and family. The main idea is that building wealth takes time, effort, and a good plan.
I tell a funny story was about a rich investor who worked as a waiter and the importance of cash when investing. I also speak about a wealthy client who didnt have enough cash. π€ When he asked me for investment advice, I said no because he needed an emergency fund first, and the client got really angry! π‘π
We talk about how important it is to have a structured process for investing, especially during market ups and downs. Itβs crucial to know what youβre doing and not just listen to random advice online, as many people give misleading financial tips. Having a fiduciary wealth manager can help protect us from making bad investment choices.
Finally, in this podcast I emphasize that wealth is more than just money; it involves different aspects of life. π€π° We should focus on building cash reserves first and be careful with our financial plans. πβ
Overall, I remind you that financial success takes time and careful planning! πβ³
#Finance #Investing #Money #Savings #cashflow