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The Brian Buffini Show

The 3 Threats to Wealth #293

The Brian Buffini Show

Brian Buffini

Entrepreneur, Brian Buffini, Business, Entrepreneurship, Coaching, Good, Life

4.82.4K Ratings

🗓️ 31 August 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

“When we have cash and we don't manage it, that cash is going to leave us.” – Brian Buffini

 

Money is like a gas that will always find a way to leak - no matter how much you make, you can always spend more. In this episode, Brian explains how to deal with three major issues that can threaten your financial wellbeing. Topics discussed include: Why a budget is so important, why you need to get on the same economic page as your partner and why investing in yourself is the greatest way to combat inflation. Watch video episode!


 

YOU WILL LEARN:

  • Why lifestyle spending must be tracked.
  • How inflation affects everyone.
  • Why tax planning is vital.

 

MENTIONED IN THIS EPISODE:

Episode 284, Brian Buffini’s Bold Predictions: 2021 Mid-Year Update

 

INSPIRATIONAL QUOTES FROM THIS EPISODE:

“We're spending money on things we don't need to impress people we don't even know.” – Brian Buffini

“If it's not written down and tracked, you are not in control of your money, your money's in control of you and you're in trouble.” – Brian Buffini

“Budget: a mathematical confirmation of your suspicions.” – A.A. Latimer

“The greatest way to beat inflation is to invest in yourself. Invest in training, invest in coaching and make yourself better.” – Brian Buffini

“If you haven't invested in yourself in the last 90 days, you haven't appreciated in the last 90 days.” – Brian Buffini

 

https://www.TheBrianBuffiniShow.com

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Theme Music: “The Cliffs of Moher” by Brogue Wave


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Transcript

Click on a timestamp to play from that location

0:00.0

Music

0:14.0

Welcome to the Brian Bafini Show, where we explore the mindsets, motivation and methodologies of success.

0:20.0

Here's your coach, Brian Bafini.

0:23.0

Music

0:40.0

Well, the top of the morning to you, welcome to the Brian Bafini Show.

0:44.0

Gonna talk a little money today, specifically in the area of the three different things that are out there in the marketplace

0:52.0

that can threaten your financial well-being.

0:55.0

The three threats to wealth, very hard thing for an Irishman to say, especially Dubliners, we have three threats, three trees, the small forest.

1:04.0

So they weren't kind to me when they came up with this title, but I came up with the content.

1:09.0

And I want to talk to you about this. This is stuff I've shared with my own family.

1:13.0

This is a little bit of how I approach my own financial well-being, and especially timely for where we are today.

1:21.0

So here we go. There's three things we got to watch.

1:25.0

The first is lifestyle spending, right? So our lifestyle and what it costs to contribute to that.

1:30.0

The second thing is inflation, very hot topic these days, and the third is taxation, always a hot topic for different reasons.

1:39.0

So we're going to talk about it, spending, inflation, taxation.

1:44.0

So a definition of spending, do you really need one, but it's to expand our waste, wealth, or strength, right?

1:53.0

Expand energy. An activity in which someone is engaged over a period of time, no doubt.

1:59.0

In fact, I would definitely say my spending increased the day I got engaged. How about them apples?

2:04.0

So the fact of the matter is the number one question that people ask when it comes to money is, I just don't know when they're asked, what do you do with your money?

2:12.0

I don't know where it all goes. I don't know where it goes.

2:15.0

And I tell people, you know, money's like a gas that escapes.

2:20.0

It finds whatever leaks there are. It finds whatever cracks in the system there are.

...

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