Wealth Traps Your Financial Planner Isn't Telling You About - Epic Wealth Wednesday | 259
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 26 April 2017
⏱️ 21 minutes
🧾️ Download transcript
Summary
In the years following WWII the American financial system was booming. It was a time when working hard and saving earnestly was enough to prepare for a quality retirement and the "American Dream" was never more accessible. The financial world has changed considerably since then and many investments once considered financially sound are now recognized as wealth traps.
This episode of the Epic Wealth podcast we share a fresh approach to creating wealth - passive streams of income through real estate investing. Discover why you should ignore conventional financial advice that says save, save, save and build systems for cash flow instead!
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The free course is new and improved! To access to the two fastest and easiest strategies to a paycheck in real estate, go to FreeRealEstateInvestingCourse.com or text "FreeCourse" to 55678.
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Transcript
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| 0:27.1 | and now back to creating your epic wealth all right, we're back. |
| 0:33.0 | And today we've discussed all kinds of great and fun and exciting new ideas, right? |
| 0:37.9 | We've discussed how to, or why to shift your focus from saving piles of cash to creating streams of cash on how that |
| 0:47.6 | can increase your journey to financial freedom by 10. |
| 0:52.2 | And we're now getting into certain traps. I mean you make that shift and you are on your way but there are certain traps that you need to avoid these wealth traps. |
| 1:00.0 | So the first trap, big one, is saving money. That's a trap. It absolutely is a trap. |
| 1:05.0 | You know, after World War II, America boomed. Many of the returning soldiers they returned and |
| 1:11.0 | and better health with better education than when they left. |
| 1:14.0 | In the men's absence, women had learned new, valuable workplace skills and our manufacturing sector had become robust, right? |
| 1:21.0 | We were booming. |
| 1:22.0 | Medical technology advanced rapidly and |
| 1:24.8 | improving the health and increasing longevity of people. Jobs were plentiful. |
| 1:29.8 | The suburbs were booming. I mean optimism was in the air you could smell it. |
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