A Simple Illustration of IBC
They say actions speak louder than words and that\u2019s true for money management too. Rather than listening to what banks and wealthy people say they\u2019re doing, we should be observing how they really spend and store their money. Listen in to hear how putting your money in motion will build and grow your wealth.
Episode Highlights
01:08 Money is like water and there is one pool of money in the world, similar to how there's one pool of water
01:56 The power of flowing money, compared to the power of flowing water
02:13 Stagnant money loses value to inflation, taxes, and fees
03:03 Banks put money to work and make it flow to generate revenue
03:29 Putting ourselves in the position of being the banker and making money flow
04:19 Storing money for a long time without purpose can lead to stagnation and loss
04:46 Generating wealth by having a flow of money, similar to water generating power through flow
Episode Resources
- Connect with Wade Borth
- https://www.sagewealthstrategy.com/
- wade@sagewealthstrategy.com\xa0\xa0