Mind Weath Podcast Trailer - Overview
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Mind Wealth Podcast
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Welcome to the Mind Wealth Podcast where we teach you to think differently about money and make changes in the way you manage your money so that you can take home more profit, pay less taxes and live a better life.
This episode is just our podcast trailer so that we can get everything setup and be able to post regularly. Get ready to have your mind blown about how you can save huge amounts of money by making small changes in the way that you deal with your finances. For virtually every problem we can identify, we have a solution that is better than what 90% of the rest of the financial community is going to tell you. So if you are ready to improve your cashflow, subscribe and listen on.
For more information, our website will be launching with lost of great resources: http://mycustombank.com
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What is Cashflow? Basically Money In, Money Out
How much you earn determines how much you spend.
How do we determine where the money goes? We have obligations, needs & wants.Do you know how much you need to meet these expenses?
What about Debt? What type of debt do you have? How much debt do you have? Is it good debt? (borrow to invest and earn an income) Or is it bad debt? (borrow to consume or to spend on stuff that depreciates in value or wears out) Who is helping you best manage your debt? (Who do you go to for advice on the proper use of debt?
Why do you spend the way you do? What is the motivator? Are you an impulse spender? Do you have a budget? Or do you have a spending plan?
Do you know the difference between Working Cash Flow and Active Cash Flow?
Who do you go to for help to regain control over your cashflow? I would like to suggest that it’s not the current institutions who are currently in control of it. Who would that be? Canada Revenue Agency, Banks, Insurance Companies, Wayfair, Amazon, Credit Card Companies, Walmart, Best Buy, EBay?
You can earn more money. You can spend less money. You can keep more of what you earn. You can save your money.
Every dollar you spend should be a conscious decision. Credit cards and debit cards make this hard to achieve. Listen up. You will learn something today that you may not have heard before.
Basing your retirement plans on things that are out of your control
“If you continue to think the way you have always thought, you will continue to get what you have always got.” How has that been working for you?
If you discovered something that was no longer true, when would you want to know the truth? In this episode, we discuss the importance of regaining control over your cash flow, debt unification & debt reduction strategies, Crypto opportunities, real estate and home ownership, access to cash or capital, emergency savings and how wealth is created.
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What we have done for years may no longer be working. What can or should we be doing differently?
You will not be interested in a solutions until you realize you have a problem. Part of our responsibility, is to help you identify some of these problems.
Devaluing the Dollar
What can we do to protect ourselves from the continual devaluing of the Canadian dollar? The past year of the government aid to the Canadian people has brought a HUGE devaluation of the dollar as compared to other years. What does this mean for us? What does it mean for our grandchildren? How can we, as everyday citizens, mitigate our risk against what is happening and the decisions being made by our government? This episode goes over some of the options we have, some of the actions we can take, and what to work towards in the future.
Crypto! How is it good or bad?
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