Wealth Building Series

found it!!! I have listened to almost EVERY PODCAST EPISODE of I will teach you to be rich. A few months ago, Ramit changed the name of the show to "MONEY FOR COUPLES" Episode 178 and 179 had me talking to Alexa. Episode 180 is the ONE for me. This episode dealt with Philosophy. There was a couple who invested 119K, employer matched 90K and portfolio was worth 1 MIL because stock price appreciated 989K in 20 years. That's why I prefer INVESTING more than saving. The couple also inherited 1 MILLION DOLLARS. The couple was wealthy on paper but didn't have the skills to manage that type of $$$. That's why I invested HEAVILY in LEVELED UP financial literacy. This is financial literacy beyond budgeting and saving. I need to acquire the skills necessary to keep and protect financial WEALTH. Listen and watch on YouTube @ https://youtu.be/80tFjHXuCq4

is making taxes easy. Since 90% of people claim the standard deduction, it is MUCH easier to PLAN to be tax-free. Business is ONE form of tax shield. Retirement accounts are another form of tax shield. I use 4 different methods to REDUCE tax liability. H&R Block, TaxAct, Intuit TurboTax, Jackson Hewitt Tax Service and TaxSlayer ALL have calculators that estimate tax liability while having time to implement changes to REDUCE tax liability. Tax Planning is the definition of Proper Planning to Prevent P**s Poor Results. TODAY, spend 30 minutes to $ave! BTW - My pick for ease of use is the TaxSlayer calculator

learns about other cultures to see how they operate. If insurance is forbidden, how are assets protected from catastrophic events? Many times, it is through family bonds to take care of another. In this country, the family bonds can be gathered in a legal document called a family trust. The trust directives outline how events like birth of a new family member or death of a beneficiary are handled. If the trust is setup to also act as a family bank, members of the family contribute to the trust so that the directives are sufficiently funded to provide loans to family members. FAMILY trusts only happen when $$$ is a communal, not individual, asset. The capitalistic nature of AmeriKKKa has proven to be a difficult hurdle for most people to overcome. I STILL have hope.

Measures. Peter Drucker said, "What gets measured gets improved". That's why it's important to measure fitness goals and NET-worth (plus cash flow and tax planning). Gravity Transformation is 50% complete. I no longer need meal prep kits and have awareness of bad eating habits (sweets, sodas, starches, breads). Monday is the weekly weigh-in. I have more energy even if I haven't gained muscle. I will need the energy for the next MENTAL battle In sha Allah. My minimum mileage per week is 9 miles which is the NRC 15K weekly challenge.