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Nov 16, 2023

In this short episode, I went live and talked about how the principles-based planning works and how properly structured dividend-paying whole life is a tactic that gives you a certain path to wealth creation. I also tackle how important it is to have an organized and strong cash flow.

Please visit our website: www.practicalwealth.net/. Tune in now!

Highlights

  • First principle: Saving 15% of your gross income
  • Importance of liquidity and understanding basic economic principles
  • Advocacy for investing in cash flow instead of nest eggs
  • The three rules of investing
  • Why you should start creating an emergency fund
  • The importance of understanding financial philosophy
  • Steps toward attaining financial independence
  • The concept of economic childhood, the reliance on a single source of income, and the restrictions of the wage-earning model
  • Focus on becoming a financial master or "Jedi"
  • Advocacy for setting short-term goals and measuring progress backward
  • The importance of a financial plan or map.

 

Links and Resources from this Episode

 

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