In this episode, we sit down with a special guest, Ray Poteet -- the founder of Living Wealth. We discuss the biggest investment pitfalls to be aware of and how you can learn from his mistakes, so you won't have to suffer as he did.
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How to spot investment pitfalls is harder than experiencing them. And the road to growing your financial freedom is littered with landmines. Some are similar, but most tend to be unique and hard to spot the first time around. Sometimes we even repeat mistakes if they're not pointed out to us by a trusted guide.
They're not hard to spot. You just have to know what you're looking for. And, Ray shares the worst of them in this episode.
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Is paying cash the best option? In this episode, we will discuss how you can learn how to maximize your dollars by changing how you purchase the things you need in life.
~ Access our FREE Infinite Banking Beginner course here:
https://livingwealth.com/beatinflation
~ Get resources and transcripts from this episode by visiting:
In today's world of finance, the Holy Grail is to get out of debt and to be able to pay cash for everything. That's what we're taught by all the major financial gurus, pay cash, pay cash. Get out of debt, get out of debt.
We're not saying that's a bad idea. But we can offer some insight into how you can improve your situation even further. That's going to be the goal for today.
So is only using cash the best option?
The answer: it depends.
In fact, we think there are some better ways to do it.
Get Out of Debt and Paying Cash Topics Discussed:
* How can we find something else that's better than paying cash
* What are some of the pitfalls with paying cash
* Being asset rich vs. cash Poor
* Is using cash necessarily bad
* Good debt vs. bad debt
* How to leverage debt in a financially healthy way
* Why it's important to keep money in motion
* The real cost every time you pay in cash
Cash vs. Debt Episode Takeaways:
* Every time you pay cash your money stops earning for you.
* Really, we want to keep your money in motion.
* There is a difference between bad debt and good debt.
* A pitfall with paying cash are your asset rich, cash poor.
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