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JF3711: Wealth Building Secrets, Cash Flow Niches, and Mastering the Art of JOMO ft. MC Laubscher
Manage episode 447920463 series 2713647
MC Laubscher and Matt Faircloth discuss the different strategies for getting wealthy and the importance of understanding the definitions of savings, investing, speculating, and gambling. They emphasize the need for a balanced approach to wealth-building, including having a savings or war chest for emergencies and opportunities. They also highlight the importance of education and understanding the asset class or investment strategy before investing. They caution against FOMO (fear of missing out) and recommend focusing on JOMO (joy of missing out) to avoid making impulsive and risky investment decisions.
Sponsors:
3713 episódios
Manage episode 447920463 series 2713647
MC Laubscher and Matt Faircloth discuss the different strategies for getting wealthy and the importance of understanding the definitions of savings, investing, speculating, and gambling. They emphasize the need for a balanced approach to wealth-building, including having a savings or war chest for emergencies and opportunities. They also highlight the importance of education and understanding the asset class or investment strategy before investing. They caution against FOMO (fear of missing out) and recommend focusing on JOMO (joy of missing out) to avoid making impulsive and risky investment decisions.
Sponsors:
3713 episódios
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