So your whole goal in starting a coaching business was to 1) help others and 2) build financial (and location) independence, right?
You didn’t start this to create a new job that never turns into multiplication of your hard work for you, right?
So you have to strategically think about where to invest your money once you start making ‘more than enough’.
Yes, the new handbag or new car or nice dinners are nice, but will they create long-term wealth?Nope!
So, in this episode of the 7-Figure Coach podcast, I discuss the importance of turning cash into assets that pay you.
I share what I’m doing right now to grow cash, hold cash, and strategize for investments that will create passive income…and true financial freedom, especially in the current economic climate.
It’s time to think strategically about your finances and prioritize investing in assets that will generate long-term returns, instead of “D” assets (I explain what this is in the podcast)...
What are “A” assets vs “D” assets?
How I made the decision to sell or hold my property in California when I moved to Florida…
I share some of my experiences and financial returns from becoming a STR / MTR host…
What vehicles besides real estate should you be looking at?
Where I’m looking to invest next (Hint: It’s in the mountains!)
The 3 things you should focus on right now given current economic and market conditions to set yourself up for financial growth, passive income, and long-term security…
Join me in this 21 minute episode of the 7-Figure Coach podcast to learn more about how to turn your cash into assets that pay you, and hey don’t worry I keep this very feminine and finance friendly!
….You don’t need to be a math geek to understand what I’m talking about.
Timestamps for today’s episode of 7-Figure Coach podcast: Depreciating vs Appreciating Assets [00:01:56]Tara explains the difference between depreciating assets (such as cars and luxury goods) and appreciating assets (such as real estate, the stock market, and businesses).
Real Estate as an Appreciating Asset [00:04:34]
Tara discusses how real estate is an appreciating asset over time, despite potential dips in the market.
Businesses as Appreciating Assets [00:06:55]
Tara mentions how businesses can be appreciating assets if done well, and how growing your own brand can be a smart investment.
Keeping Real Estate as an Appreciating Asset [00:07:50]
Tara discusses her decision to keep her house in San Diego as an appreciating asset instead of selling it for cash.
Midterm Rentals and Passive Income [00:09:30]
Tara talks about her experience with midterm rentals and how it has helped her make passive income.
Being Conservative with Cash in Uncertain Markets [00:13:18]
Tara advises being more conservative with cash in uncertain markets and being prepared for opportunities that may arise during a recession.
Growing Your Portfolio [00:16:07]
Tara discusses diversifying her portfolio by investing in crypto, stock funds, and real estate opportunities.
Investing in Appreciating Assets [00:17:53]
Tara emphasizes the importance of investing in appreciating assets, such as real estate, to generate passive income.
Financial Freedom [00:19:51]
Tara encourages listeners to make good financial decisions to achieve financial freedom and have the ability to follow their purpose and destiny.
Enroll in my free master class, The One Shift That Scaled My Online Coaching Business to $3.5 Million Per Year (And I Haven’t Done a Sales Call in 15 months):https://www.highticketempress.com/masterclass
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