Saving vs Investing: Why the Wealthy Love Cash Part 2

Saving vs Investing: Why the Wealthy Love Cash Part 2


(guitar music) – We’re doing a series right now on saving and really thinking through the philosophy and the why of saving. The first episode in this series was why the wealthy love cash and we kind of talk through a philosophy and ideas and reasons why
you want to be in cash. Some of those reasons were
to increase your confidence and your peace of mind, to
make sure you can rebound from any challenging circumstance and to be in a position of liquidity where you have the ability
to seize opportunities. Today we dove a little deeper into some of the stories and experiences of people who are in the position of saying they personally
value holding and having cash. And the reasons why they’re doing so. So we had a really
great conversation today that expanded even greater
than just those stories. We ended up talking also about the why of your personal reasons for holding cash or why your why for particular assets and accounts on your financial picture. So we really wanna help you think through your financial philosophy
so that you can make decisions that are congruent and aligned with what your needs and your desires and what you’re trying to accomplish. At the end we talked about a
cashflow awareness exercise and really gave you some steps that you can begin to apply
in your own life today to gain an awareness of where
you’re spending your money and we laid that out in
several different ways in case you’re more of a
kinesthetic tactile learner. Or maybe you’re more of a visual learner and we really want to be able
to present options for you to think differently about money in a way that’s truly empowering. I hope you like this episode. Hey thanks for watching. I really hope you liked this video. If you did, click the link
in the description box below for more information. Like this video, share
your comments, questions and feedback in the comments section and don’t forget to hit
subscribe to our YouTube channel. (anticipatory music)

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