The Money Advantage Podcast

How to Save Like the Wealthy


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https://www.youtube.com/watch?v=AYUG9Qttgq4




If you want to seize opportunities like the wealthy, you will need to save like the wealthy. Building a financial system is a lot like barrel racing.Far away from the roar of audiences, the outcome of the race is determined by the hours of preparation and conditioning spent outside the ring, out of the public eye, before the race.Likewise, in building true wealth, developing a savings system is the preparation and conditioning it takes to succeed.







Where Savings Fits into Your Cashflow Creation System







Building a stockpile of savings is to help you weather months of tight income or unforeseen expenses will move you light years ahead towards peace of mind and financial stability.  But it’s just one small step of a greater journey of building time and money freedom.  



That’s why we’ve put together the 3-step Entrepreneur’s Cash Flow System.  



The first step is keeping more of the money you make.  This includes tax planning, debt restructuring, cash flow awareness, and restructuring your savings so you can access it as an emergency/opportunity fund.  This step frees up and increases your cash flow, so you have more to save, and consequently, more to invest.



Then, you’ll protect your money with savings, insurance and legal protection.  Here, you’ll create the right canopy of protection in your financial life.  This second stage encompasses all aspects of Privatized Banking, a key savings and capital deployment strategy that secures your access to capital, maximizing your control, by allowing you to be your own banker.



Finally, you’ll put your money to work and get it to make more by investing in cash-flowing assets to build time and money freedom and leave a rich legacy.



Everything I Needed to Know I Learned from Equestrian Barrel Racing



As a teen, I rode horses.  I got into competitive racing in speed and agility games like barrel racing, pole weaving, and keyhole.



Just about everything I needed to know about life, I learned from the process of training to win in the ring.



Where Winning HAPPENS



The climax of barrel racing was the high-adrenaline, crowd-cheering, dirt-flying 28 seconds careening around the cloverleaf pattern of the barrel racing course.  Or it was the 11 seconds spent in the ring flashing through the pole-weaving course.



I lived for that part.  The moment of truth.  It’s where the winning happened.



From a spectator’s vantage point, it would be so easy to think it was the only part that mattered.



Where Winning Is CREATED



However, far more critical to the outcome were the hours upon hours of training and preparation.



To perform well, conditioning was essential.



There were warm-ups and cool-downs at a brisk trot.  We raced for miles upon miles across varied terrain to build endurance and stamina.  There were hundreds of hours of rides through the fields and forests, on trails, through swamps, and over fallen logs as we built agility and light-footedness.



We took hundreds of practice runs at all paces, focusing on the fundamentals.  There were lurching starts,
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The Money Advantage PodcastBy Bruce Wehner & Rachel Marshall

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