This week, my special guest is one of my students! I thrive off of sharing these conversations with you...
My client and I go over the various ways of creating and keeping wealth. I call it the “storage tank”... and they go as followed:
Storage Tank:
- Whole Life Insurance
- Put your money in the market (index fund, stock market, etc.)
- Crypto (only if you can handle it! It’s a long term play— super volatile)
- Real estate properties (it pays you every single month IF you buy well)
The whole game of money is called Cash Flow! And money knowledge is not common sense because it is not taught in school. This is where my money school - CURBS - comes into play. It is a way to create a cash flow management system by making conscious, deliberate choices with your money.
Krisstina’s Advice:
- Play Cash Flow by Robert Kiyosaki.
- How you build wealth is all through cash flow —> always keep your money moving! Keep its momentum.
- Get over your fear of losing money.
- The long game is the wealth game.
- The more wealthy you get, the more protection you need!
- Have a 3-6 month emergency fund.
“My definition of an asset is something that creates cash flow at some point in time.” - Krisstina Wise
Client Questions:
- “What is a good number to aim for?”
- “I have a Roth IRA, am I better off with taking that small amount and putting it towards Whole Life Insurance or investing in a business?”