Build a War Chest and Don't Eat the Cash Flow

Apr 21, 2023

In uncertain economic times, your best financial asset is cash and cash flow. Building a war chest is preparing for the winter that will eventually come and related is a mistake that so many make of expecting their rental properties to immediately fund their lifestyle. It is a longer game than that, listen in to find out why!

Episode Highlights

• Importance of building a financial war chest due to uncertain economic times
• Possibility of a recession and the impact of stopping the velocity of money
• Predictions for the future: US currency default, digital currency, green energy shift and electric vehicles
• Learning from Robert Kiyosaki: Making money on the purchase, not on the sale
• The meaning behind not eating the cash flow
• Doing the math: Achieving financial freedom through real estate investments
• The ideal investment: Income, Depreciation, Equity building, Appreciation, and Leverage
• Importance of leveraging in wealth creation
• Finding balance by building a war chest, not eating the cash flow, and teaching the younger generation
  
  
  Links and Resources from this Episode
• Connect with Gary Pinkerton
• https://www.paradigmlife.net/
• [e-mail]
• https://garypinkerton.com/  

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