Not rich and famous. rich & REGULAR. Sure, it would be great to be famous. But there’s a lot you can do on your income if you’re smart about it. Money experts Kiersten and Julien Saunders give out the tips and tricks but also dive deeper into the concepts behind wise money management.
New episodes are no longer being released on the SUCCESS Podcast Network, but you can still listen to old episodes.
rich & REGULAR is the podcast for people who want to take charge of their money, pay off their debt, build their wealth, and live their best lives without being obsessed with money. Every week, Kiersten and Julien Saunders show you how money intersects with everything else in your life and teach you how to use it to your advantage. They share their insights and tips on how to make, save, and invest money in creative and unconventional ways. They also help you understand the big changes that are happening in the world and how to adapt to them. Because being rich & famous is overrated. Being rich & REGULAR is where it’s at.
Is it better to focus on building wealth (net worth) or making sure you have enough money coming in to cover your bills (cash flow)?
This question represents a classic financial tug-of-war, and the answer, as you might have guessed, is both.
So this week, we’re tackling both sides of the argument and reminding you why you don’t have to choose. Cash-producing assets like rental properties, dividend stocks, and business ownership allow you to generate cash in the short term while still building wealth in the long term.
In this episode, we explore the tension between cash flow and net worth and highlight the benefits and drawbacks of each. We emphasize the value of cash-producing assets, such as rental properties, dividend stocks, bonds, royalties, and business ownership, in achieving both cash flow and long-term growth. We also review some potential pitfalls of buying or building these assets, including the need for upfront capital, tax considerations, legal protection, and the importance of adapting to changing environments.
Links:
Connect with Julien and Kiersten on our website, Instagram, Twitter, and YouTube.
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Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes
If you would like to learn more about investing, check out our newest class,Making Money Grow
Unlock the Latest Knowledge that Can You Help You Achieve More in Life with More Confidence
Print and Digital Options Available
Unlock the Latest Knowledge that Can You Help You Achieve More in Life with More Confidence
Print and Digital Options Available