Sep 8, 2021
Summary:
Wall Street exists to make money for itself, so how do you make
money for you? Today we invite Joey Mure and Russ Morgan on the
podcast to talk about financial freedom—which is at its peak when
your passive income exceeds your monthly expenses. They discuss how
every individual has unique traits when it comes to investing, and
some of the resources that their company offers help you discover
how to utilize these.
Highlights:
-Sometimes the people who you think are your friends aren’t—this is
especially applicable to Wall Street. Wall Street exists to make
money for itself—it’s about survival of the species
-How do we get rid of Wall Street?
-Relates to the food business—they've evolved into an industry that
gives markets things with no value
-Financial freedom occurs when passive income exceeds your monthly
expenses
-Mindset is everything: if you’re investing time into learning how
to become more financially successful, then you will continue to
grow
-People haven’t given themselves a license to dream—Wall Street
only thinks about the here and now
-You need to think about what unique traits you can give to the
world
-Wade Pfau is a go-to person in the industry when it comes to
retirement income
-What investments bring this ‘infinite wealth’ about? Having your
own business can be a method for maintaining active and passive
income
-Some business owners, however, don’t know how to replace
themselves eventually and allow it to become passive income for
them
-You need to have a plan that is unique to you: what sort of an
investor are you? People can make the same investment but have
different results
-Apply your abilities and talents to your investing
-Build a community
-If you focus on one thing and do it repeatedly, it will become a
reality
Useful Links:
Financial Survival Network
Wealth Without Wall Street