Justin and Adam cover Robert Kiosaki's book the Cashflow Quadrant. Going over the 4 quadrants of making money. Employee, Self employed, Business owner, Investor.
Justin and Adam talk about how you need to increase the amount of cashflow generated instead of living below your means. Living below your means is a losers strategy, and if that is the only plan your financial advisor can come up with, fire him immediately. Temporarily reduce your means, so you can redirect that income into other streams of income.
Justin and Adam talk about the tax benefits of being a business owner. And WHY everybody thinks that the rich do not pay taxes.
If you ever want to use your money to make you money, you need to understand the magic of compound interest.
Justin and Adam talk about setting a budget to get out of debt, and the mindset that comes with it. How to get out of debt.
Today I sat down with Kevin Melnick, the CEO of the Legacy Builders. Kevin has been working online for 7 years, has been making 6 figures since year 2, and has never looked back. He started from scratch, and built the affiliate training platform called Legacy Builders.
The consensus is pretty clear; the riskiest thing one can do with their finances is nothing. Or to do the same as what everybody else does.
Justin and Adam talk about how to change the way you think about money. Finances are not taught in school, and often not talked about at home either. It is important, and something to be focused on. In this episode we will go over some of the things you need to focus on in order to become wealthy.
Justin and Kolby talk about starting an online business, and the mindset it takes.
