Change Your Life? Budget To Become Wealthy

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Season 2 Episode 6- 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. Referral link here: https://itrustcapital.com/?referral_id=AAWC4U&utm_source=RAF

Budgets! They sure aren't sexy! They are, in fact boring. Most of us RUN when we hear the word "budget." We avoid budgets because we don't believe we can stick to them. We avoid budgets because we feel that they take away our freedom. Ironically, budgets can help turn poor people into wealthy people. 

Budgets can be temporary. Rich people buy assets, poor people buy things. By having the courage to stick to a budget, temporarily, you can become rich! Then you don't ever have to budget again, if you don't want to! 

Budgets help you understand WHERE you are spending money. And if you can find an existing $20/week that you are already spending and instead buy an asset(or a slice of an asset) that simple habit can help to change your life! 

Make it your goal each week/month to buy new assets. If you already have assets, go buy more! By acquiring/holding more assets, you will help to counteract and even benefit from the effects of inflation on prices. The cost of things goes one way, one direction, UP! So if you already know that prices are going to rise, then you better buy some assets so that you are prepared when things cost more next year, than they cost today. 

Keeping large amounts of cash in a bank account is not smart. Your cash is a melting ice cube in terms of purchasing power. We are all losing purchasing power over time by holding onto cash. Instead we need to store our money IN assets. If you don't have any extra money to invest in assets, then that is why you NEED a budget. To help you find money, free up money, to go buy some assets. 

Do you want to level up? You already own some assets. Now go buy assets INSIDE of an IRA or a Roth IRA. If you are in debt and follow a guy like Dave Ramsey, he is great at teaching people how to get out of debt. But once you're debt free, you "sitting at zero." So how do you become wealthy? How do you retire? That's why you need BOTH a budget and to buy/hold assets. Some assets produce growth for you (buy low, sell at a higher price). Some assets bring you CASH FLOW! That's money flowing TO you on a schedule. 

The best performing asset on the planet? Answer: Bitcoin! Go buy "a slice." Use the CoinBase App on your phone. Link the App to a checking account. Buy Bitcoin and then transfer it to either a digital wallet (hot wallet) or "cold storage device." Cold storage is either a credit type card digital wallet or a flash drive that isn't connected to the Internet. I will do separate episodes on Bitcoin and where to store your crypto. 

Email me at WAYPATODAY@ gmail. com 

Have courage to today, to pick one thing, and work on your dreams! 

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.