This may sound like a strange opening line but…
You’ve probably never met someone more excited by buffers than me!
By the way – Yes, I’m proud of that 😂
In my eyes…
It is absolutely necessary for business owners to have some sort of buffer.
Business isn’t as easy.
Business comes with unique risks and HUGE amounts of uncertainty.
Now, let’s say you have a business with a risk of client concentration
Or, maybe you operate within a sensitive business model…
At any point, those businesses could fall apart.
Now… Why am I saying this? I’m sure this all seems pretty obvious…
Well, there are levels to business and to wealth.
One of those first levels is realising that buffers are NOT optional…
…they are ESSENTIAL!
Without understanding a few of these basics, you won’t have the fundamentals to unlock the next level of wealth.
So… what are the levels that I’m referring to?
Well, the first two levels are:
– Building a business that enables you to save at least $5k (minimum) every month for investing.
– As well as having buffers in place while you grow deposits.
Well, once you’ve achieved these consistently…
You’re ready for the next levels,
I won’t dive into them in too much detail, by they include:
– The investing stage
– Financial stability
– Exiting the matrix
– and more…
Now, if you were to start building a house, but didn’t have rock solid foundations..
I’m sure you can imagine the outcome.
It’s the same in wealth creation.
The sequence you follow is incredibly vital.
Completing each stage will elevate you to a new level of wealth and before long…
You’ll have reached your goal!
Fortunately, there’s no secrets here…
In this week’s podcast episode, Grant and I are breaking down the first few stages of wealth creation that we have followed over our own journeys to financial stability and independence so that you can continue to level up!
We’ll be discussing:
– Minimum monthly savings for investing
– The importance of buffers and deposits
– As well as “get rich quick” and more!
P.S. What rules have you set for yourself in your journey?
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision
00:00 Welcome to Business and Investing
02:21 Going through the levels of wealth
06:48 Investing $5k/month on average
10:42 How to know if you’ve succeeded in stage one
14:43 Buffers and deposits
20:18 The importance of having buffers in your business
25:19 What happens when you try to get rich quick
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