257: Spend Your Money … Lots Of It

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 9 September 2019

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Five benefits of spending your money are discussed.

(What? Is this irresponsible?)

Keith Weinhold tackles the rarely-discussed benefits of money-spending:

You beat inflation.
You don’t “lose” money; you spent it how you desired.
Ensure a better quality of life.
You help the economy exactly where you want to.
Spending is more fun than saving.

Many are afraid to discuss the topic of spending.

Also discussed - what goes into home price appreciation, how inflation persists despite decades of technology, Millennials waiting for home prices to drop.

Back to spending:

Are “cheap” people annoying?
School is irrelevant to wealth.
Don’t cut expenses; increase income.
The only place you get money is from other people.
Buy top vacations, wellness & exercise, mattress, vision, shoes, dental, home renovation, unprocessed food, phone.
Spending is an investment in yourself.
Experiences vs. Stuff.
Money is fuel; it’s only potential.
The $25,000 taco.
Giving to charity.

Benjamin Franklin: “Wealth is not his that has it, but his that enjoys it.”

Then, a discussion with our Tampa provider about finding the right rental property neighborhood.

Join us on our upcoming Tampa Real Field Trip, Oct. 10th to 12th. Start at RealEstateFieldTrip.com.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

GRE’s Tampa Field Trip:

RealEstateFieldTrip.com

CNBC:

The $25,000 Taco

Mortgage Loans:

RidgeLendingGroup.com

Turnkey Real Estate:

NoradaRealEstate.com

eQRP: Text “QRP” to 72000 or:

TotalControlFinancial.com

By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Transcript

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0:00.0	Welcome to Get Rich Education. I'm your host, Keith Weinhold. Spend your money. Lots of it. Yes, a rare
0:07.9	discussion on the benefits of spending your money. Then a great guest and I filter how to identify
0:13.8	income property in just the optimum neighborhood with that optimum long-term tenant to make you more
0:19.6	profitable today on Get Rich Education.
0:25.1	Countless property investors get killed with maintenance costs,
0:28.6	but that's far less likely when you buy brand new construction.
0:32.3	Let me tell you about JWB real estate capital in Jacksonville, Florida.
0:36.5	They pioneered the build-to-rent model where you can invest in Jacksonville, Florida. They pioneered the build to rent model where you can
0:39.4	invest in new construction turnkey rental properties. That's why JWB was featured on the front page
0:45.0	of the Wall Street Journal. To learn more and see inventory, go to new construction turnkey.com.
0:56.0	Finally, total control financial gives you checkbook control of your 401k and IRA money to invest in
1:02.4	real estate.
1:03.7	It's time to get your retirement money into your own checking account, but you've got to
1:08.5	avoid the little-known tax that you'll pay with any self-directed
1:11.4	IRA. Instead, it's time for the QRP. Learn more and get your free copy of the QRP book by
1:18.5	text messaging, QRP in all capital letters to 72,000. You're listening to the show that has created more financial freedom than nearly any show in the world.
1:35.6	This is Get Rich Education.
1:38.7	Music. Welcome to GRE, from Yorkshire, England to York, Pennsylvania, to New York, New York, and across 188 nations worldwide.
1:59.1	I'm Keith Weinhold. This is Get Rich Education and you're back
2:02.9	in that abundant place where you don't follow money, life's bigger than following money. You instead
2:08.2	make durable streams of income follow you as you live your life. Five great benefits to spending
2:16.9	your money are number one, you beat inflation.
	...

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