Ep 259: Wealth Equation Most Investors Miss

Yeah, the typical financial model, right, is work in our businesses or work for the companies in which we've been trained to be in, put as much money away in retirement accounts.

And at some day in the future, we'll look up and we'll have enough.

And then at that point in time, we'll be able to quote unquote, ride off into the sunset.

Well, what happens is that life changes, right? I have four children to count.

I don't know how many kids you have, if you have children or not, but my My youngest child right now is 13.

We're giving 18 summers with each kid, right? Typically, 18 summers.

Now, sometimes they'll stick around a little bit after that.

But I have five summers left with my 13-year-old.

Vicki, do you think in 10 years my 13-year-old is going to want to do the same thing with me today as he will then? No, but yet in the financial world, we're taught to put money away with the assumption that exactly what we want to have happen in 20 or 30 or 40 years will be the same.

It's not.

Life is constantly changing for us, but yet the financial markets continue to absorb all the cash flow that we can have because they are using it for their benefit.

And I know that because I was working on the dark side.

I was working as an investment advisor.

I was a certified financial planner.

My business partner was a mortgage broker.

And we learned over time that the model was not built for us.

Those plans were not built for us.

It was actually built to reward the people who were selling them to us.

And I was one of those people.

So when we started looking at this for ourselves, we realized that it didn't matter how much income we had.

We didn't have an income problem, we had a money system problem.

My

mentor said the biggest obstacle to becoming financially free was lack of access to cash, which is so true, right? Because all of our money resides in pension plans, 401ks, IRAs, equities in our business, equity in our homes, right? All this stuff, we can't touch it.

And it wasn't until I learned that once you start creating cash flow that exceeds your monthly expenses, that's when financial freedom occurs.

And that can happen today.

Yeah, the typical financial model, right, is work in our businesses or work for the companies in which we've been trained to be in, put as much money away in retirement accounts.

And at some day in the future, we'll look up and we'll have enough.

And then at that point in time, we'll be able to quote unquote, ride off into the sunset.

Well, what happens is that life changes, right? I have four children to count.

I don't know how many kids you have, if you have children or not, but my My youngest child right now is 13.

We're giving 18 summers with each kid, right? Typically, 18 summers.

Now, sometimes they'll stick around a little bit after that.

But I have five summers left with my 13-year-old.

Vicki, do you think in 10 years my 13-year-old is going to want to do the same thing with me today as he will then? No, but yet in the financial world, we're taught to put money away with the assumption that exactly what we want to have happen in 20 or 30 or 40 years will be the same.

It's not.

Life is constantly changing for us, but yet the financial markets continue to absorb all the cash flow that we can have because they are using it for their benefit.

And I know that because I was working on the dark side.

I was working as an investment advisor.

I was a certified financial planner.

My business partner was a mortgage broker.

And we learned over time that the model was not built for us.

Those plans were not built for us.

It was actually built to reward the people who were selling them to us.

And I was one of those people.

So when we started looking at this for ourselves, we realized that it didn't matter how much income we had.

We didn't have an income problem, we had a money system problem.

My

mentor said the biggest obstacle to becoming financially free was lack of access to cash, which is so true, right? Because all of our money resides in pension plans, 401ks, IRAs, equities in our business, equity in our homes, right? All this stuff, we can't touch it.

And it wasn't until I learned that once you start creating cash flow that exceeds your monthly expenses, that's when financial freedom occurs.

And that can happen today.