Cash Flow: Your Best Pathway To Retirement

Send us Fan MailWelcome to Season 2- Episode 15 of Not Me, But You! Podcast.  If you enjoy my content, and want to support this podcast, click the referral link for I Trust Capital dot com. Currently, this is the only place I know of on planet Earth where you can buy/sell Bitcoin (and other crypto) plus gold/silver INSIDE of an IRA. I have a ROTH IRA at I Trust Capital dot com. Click link here: https://itrustcapital.com/?referral_id=AAWC4U&utm_source=RAFBitcoin has hit $106,000 per coin! It is the best performing asset on the planet. But Bitcoin does not necessarily give us cash flow. Bitcoin gives us the opportunity for phenomenal growth. Did you buy any assets this week? Are you buying and holding assets that give you two things: 1) Cash Flow,  2) Growth. In the future, we will need a bigger pile of money to pay for things/services as the cost of those things rises over time. It's great to have money saved. But WHERE are you saving it? What rate of return are you getting on your pile of money? Do you also have monthly income (cash flow)? Budgets are not fun, cool or sexy. But having a budget is one pathway that gets you to become wealthy. What are your three biggest bills (costs) every month? For most people it's housing, food, transportation (car payment). Why are you working and when will you retire? When will you be able to afford to retire, when you no longer need the income from your job because you have created your own income (cash flow). Some people think they just need to acquire a big enough pile of money and then when they retire, they will spend 4% of the total pile of money to live on each year. But using this method, what if you run out of money? What if prices rise so much that you need to spend more than 4% every year? What if you live longer than you expected to live and you run out of money? Instead of spending my principle balance, I prefer to build cash flow. By taking this approach you will live of "the interest" and not spend the principle. You will not take out 4% per year from your total pile of money! I use Charles Schwab as my brokerage account to buy/sell both growth stocks/dividend stocks. I also use the free website, Stock Analysis.com to research stocks. And I buy/sell crypto INSIDE of a Roth IRA at I Trust Capital.com. None of these sites/companies are sponsors of the podcast at this time. So I don't make any money telling you about them! Do you have a traditional IRA? Do you have a Roth IRA? It matters what you invest in inside the IRA and Roth IRA containers? What is your rate of return? Does you rate of return beat the true rate of inflation? Do you have a 401K or 403B retirement account at your job? If you do, does your employer give you match (free money your employer adds to your account)? What is the vesting schedule for the employer match? Failure is never final, unless you choose it to be. We all make mistakes. But we can recover and move on from mistakes! Buy some assets today. I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.