Creating Cash Flow with Jack Bosch

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 22 March 2019

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Traditional thinking, as described by the industry and promoted by media, is to save in retirement accounts and live off of Social Security in your golden years.

Jack Bosch describes this as “The Pile of Money Theory”: Work until you are age 65, put 10 percent of your income to the side, and by retirement you will have saved up enough to live without running out of cash.

Jack proposes the “Cash Flow for Life” approach: Money that comes in from the investments you have built such as:

• Dividend stocks
• Royalty payments
• Business investments
• Real estate

Listen as Jack shares his story out of debt, the strategies they used to generate income, and ultimately purchase assets that provide him Cash Flow for Life.

For more information, visit the show notes at http://moneytreepodcast.com/235

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks,
0:08.3	invest in your life. Hey, welcome to this week's episode of the Money Tree Investing Podcast.
0:14.2	I am Miranda Marquit. And today I have Jack Bosch with me. But before we get into our interview
0:20.5	with Jack on how to create
0:22.4	cash flow for life, first of all, we've kind of talk about our sponsor real quick.
0:26.8	Are you looking for a better way to invest through market turmoil?
0:30.0	Consider betterment.
0:30.8	Betterment is a robo advisor that uses modern portfolio theory to help you manage your portfolio
0:35.2	and reach your financial goals.
0:37.5	With betterment, you don't have to worry about what the market is doing on a day-to-day basis.
0:42.0	Instead, use the stock market to help consistently build wealth.
0:45.5	For more information, visit Moneytreepodcast.com slash betterment.
0:49.5	I use Betterment to manage my own retirement fund and my travel fund, but that doesn't mean it's right for you.
0:54.8	Do your due diligence. Head on over to moneytreepodcast.com slash betterment. All right, now that
1:00.4	that's out of the way, we are going to turn to Jack. So, hi, Jack. Welcome to the Money Tree Investing
1:05.8	podcast. Thank you very much for having me, Miranda. I'm excited to be here. Let's first of all talk about the
1:11.5	importance of generating cash flow for life. I mean, you know, a lot of people, when they think
1:17.3	about investing or they think about their assets, they think about building them up gradually
1:23.3	over time and then having retirement and then just taking things from their retirement account.
1:29.7	So why do you take this cash flow for life approach?
1:34.4	So I believe there is potentially something wrong or not wrong, but there's like a little
1:41.7	error in people's thinking or people have been thinking one way, exactly the way that you have mentioned that the general thinking that has
	...

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