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Episode 274: I never budget.
Budgeting is a plan for failure. Optimistic biased budgets encourage people to spend what they can “afford”. Inevitably things go awry. Unforeseen expenses cause a deficit that usually ends up on a credit card.
Stop thinking in terms of Emergency Funds…start thinking in terms of saving for an Opportunity Fund.
The issue shouldn’t be about affordability. The master wealth building question is, “does this purchase advance my FREEDOM?”
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The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores.
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10 Wealth Building Principles: http://www.wealthsteading.com/category/wealth-building-principle/
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Copyright © 2018 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
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