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Το περιεχόμενο παρέχεται από το Antonio T. Smith Jr.. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Antonio T. Smith Jr. ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
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Why Stashing Cash Is a Losing Game

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Manage episode 430219814 series 2557616
Το περιεχόμενο παρέχεται από το Antonio T. Smith Jr.. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Antonio T. Smith Jr. ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

Episode Summary

In this eye-opening episode, we explore why traditional savings strategies are failing in today's economy and how you can leverage hard income-producing assets to build true wealth. Join us as we celebrate personal achievements, share transformative financial insights, and uncover the pitfalls of following outdated financial advice.

Follow Antonio Here:

https://www.facebook.com/theatsjr

https://www.amazon.com/stores/Antonio-T.-Smith-Jr/author/B00M3MPVJ8

https://www.linkedin.com/in/antoniotsmithjr

https://antoniotsmithjr.com

https://www.instagram.com/theatsjr

Personal Insights and Anecdotes

  • Superstition and Complacency: People often get superstitious and complacent when they start winning, assuming the same strategy will keep working.
  • Championship Teams Analogy: Championship teams often fail to make the playoffs the following year due to complacency and competitors preparing intensely to dethrone them.

Celebrations and Recognitions

  • Tempest Simone Smith: Praised for achieving high-ranking cybersecurity certifications.
  • Deanna Marie Smith: Celebrated for becoming a community/practicing herbalist.
  • Jerome’s Testimonial: Shared a personal story about receiving unexpected financial blessings.

Financial Principles and Advice

  • Money as Discipline: Emphasized that learning to manage money is a discipline that doesn't require talent, only practice and dedication.
  • Increased Earning Ability: Stressed the importance of increasing one's ability to earn and cutting unnecessary expenses.

Critiques of Traditional Saving and Investment

  • Fractional Reserve System: Explained how banks lend out money multiple times over, devaluing individual savings.
  • Inflation and Savings: Argued that saving money is futile because inflation and the banking system continuously devalue it.
  • Investing Wisely: Encouraged investing in hard income-producing assets rather than saving money traditionally.

Personal Finance Strategies

  • Expense Cutting: Urged cutting down on unnecessary expenses and even moving in with family if needed to save money.
  • Income-Producing Assets: Advocated for investing in real estate or other tangible assets that generate income.
  • Living Modestly: Suggested living below one’s means, driving modest cars, and avoiding high expenses to accumulate wealth.

Government and Financial Systems

  • Distrust in Government Advice: Claimed that government recommendations, like investing in 401(k)s, often don't benefit the masses.
  • Control Over Ownership: Highlighted that controlling assets is more beneficial than merely owning them, especially regarding credit and investments.

Practical Financial Moves

  • Leveraging Credit Wisely: Recommended borrowing money when it's not needed to maintain good credit and investment opportunities.
  • Emergency Financial Actions: Discussed the importance of reviewing and understanding the terms of financial agreements, especially in emergency situations.

Motivational and Spiritual Insights

  • Gracefully Broken: Mentioned a concept from Tasha Cobbs about being "gracefully broken" as a metaphor for personal and financial growth.
  • Blessings and Discipline: Linked personal blessings to listening to good financial advice and being disciplined in financial matters.



Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
  continue reading

1470 επεισόδια

Artwork
iconΜοίρασέ το
 
Manage episode 430219814 series 2557616
Το περιεχόμενο παρέχεται από το Antonio T. Smith Jr.. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Antonio T. Smith Jr. ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

Episode Summary

In this eye-opening episode, we explore why traditional savings strategies are failing in today's economy and how you can leverage hard income-producing assets to build true wealth. Join us as we celebrate personal achievements, share transformative financial insights, and uncover the pitfalls of following outdated financial advice.

Follow Antonio Here:

https://www.facebook.com/theatsjr

https://www.amazon.com/stores/Antonio-T.-Smith-Jr/author/B00M3MPVJ8

https://www.linkedin.com/in/antoniotsmithjr

https://antoniotsmithjr.com

https://www.instagram.com/theatsjr

Personal Insights and Anecdotes

  • Superstition and Complacency: People often get superstitious and complacent when they start winning, assuming the same strategy will keep working.
  • Championship Teams Analogy: Championship teams often fail to make the playoffs the following year due to complacency and competitors preparing intensely to dethrone them.

Celebrations and Recognitions

  • Tempest Simone Smith: Praised for achieving high-ranking cybersecurity certifications.
  • Deanna Marie Smith: Celebrated for becoming a community/practicing herbalist.
  • Jerome’s Testimonial: Shared a personal story about receiving unexpected financial blessings.

Financial Principles and Advice

  • Money as Discipline: Emphasized that learning to manage money is a discipline that doesn't require talent, only practice and dedication.
  • Increased Earning Ability: Stressed the importance of increasing one's ability to earn and cutting unnecessary expenses.

Critiques of Traditional Saving and Investment

  • Fractional Reserve System: Explained how banks lend out money multiple times over, devaluing individual savings.
  • Inflation and Savings: Argued that saving money is futile because inflation and the banking system continuously devalue it.
  • Investing Wisely: Encouraged investing in hard income-producing assets rather than saving money traditionally.

Personal Finance Strategies

  • Expense Cutting: Urged cutting down on unnecessary expenses and even moving in with family if needed to save money.
  • Income-Producing Assets: Advocated for investing in real estate or other tangible assets that generate income.
  • Living Modestly: Suggested living below one’s means, driving modest cars, and avoiding high expenses to accumulate wealth.

Government and Financial Systems

  • Distrust in Government Advice: Claimed that government recommendations, like investing in 401(k)s, often don't benefit the masses.
  • Control Over Ownership: Highlighted that controlling assets is more beneficial than merely owning them, especially regarding credit and investments.

Practical Financial Moves

  • Leveraging Credit Wisely: Recommended borrowing money when it's not needed to maintain good credit and investment opportunities.
  • Emergency Financial Actions: Discussed the importance of reviewing and understanding the terms of financial agreements, especially in emergency situations.

Motivational and Spiritual Insights

  • Gracefully Broken: Mentioned a concept from Tasha Cobbs about being "gracefully broken" as a metaphor for personal and financial growth.
  • Blessings and Discipline: Linked personal blessings to listening to good financial advice and being disciplined in financial matters.



Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
  continue reading

1470 επεισόδια

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