Life can throw you a curveball at any time. Are you ready for it? Studies are showing us that only 41% of Americans can cover an unexpected $1,000 expense. That doesn't create much margin in your life if something were to happen.

In today's episode, Jason and Colt share the importance of creating that cushion, that margin in your life, and to be prepared for the unexpected. They also lay out the "Five Steps to Wealth" that you can follow in order to bring you financial freedom.

Five Steps to Wealth:

1) Improve Skills to Increase Income

2) Invest Increased Income in Cash Flowing Assets

3) Maintain Discipline with Standard of Living

4) Reinvest Passive Income Until It Exceeds Earned Income

5) Improve Standard of Living ONLY From Surplus Passive Income

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Want to connect? Visit us at https://wealthwithoutstress.com/contact/

Books to Read:Becoming Your Own Banker - R. Nelson Nash https://a.co/d/7Dmql3u

Rich Dad Poor Dad - Robert Kiyosaki https://a.co/d/3204YeK

00:00 - Introduction00.37 - What Do You Mean Margin?05:24 - Financial Freedom17:15 - Make a Decision25:00 - Five Steps to Wealth41:11 - Choose Your Hard

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.