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In this episode, we discuss why saving money is important and how investing that money can have a great impact on our future. Saving for emergencies Investing for the future Something to look forward to Almost half of Americans to retire w/ next to nothing saved in 401(k) or other individual savings accounts 60% of Millennials don\u2019t have enough saved for a $1000 emergency -https://www.cnbc.com/2019/03/11/how-much-money-americans-have-in-their-savings-accounts-at-every-age.html Stock Market is very liquid What does liquid mean? - the ability to transfer hard assets to cash or the state of being in a position where one has sufficient cash on hand to accommodate any and all necessary financial obligations. Using stocks to pay for: Emergencies (important to have a separate CASH for emergencies) Way of life Legacy, pass them down Key Messages: Money is a currency; like an ocean, currents are always moving. Money isn't meant to be held on to. Save what you earn and put it back to work, but this time it's working for you and your family, not your boss.  #1 Rule of Gold - Richest Man in Babylon 1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. 

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WHAT\u2019S THE KEY: Learn \u2192 test \u2192 \u201cperfect\u201d \u2192 Scale up = $$$

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This episode is sponsored by \xb7 Anchor: The easiest way to make a podcast. https://anchor.fm/app