In this episode of the Tactical Empire, Jeff Smith and Shawn Rider discuss the fifth level of financial freedom: investing in cash-flowing assets. They emphasize the importance of laying a financial foundation before reaching this level, which includes the previous steps of recognizing yourself as an asset, establishing a bare minimum, ensuring liquidity, and creating a personal banking system. The hosts share their preference for real estate due to its control and value-adding potential, while also acknowledging other cash flow-focused investments like dividend-producing stocks. They stress the need for continuous education and understanding one's risk tolerance. The episode highlights the importance of choosing investments that provide consistent returns and tax benefits, and emphasizes the ultimate goal of financial freedom through strategic asset acquisition. They also provide insights into balancing reinvesting in one's primary business versus diversifying into new investment opportunities.
In this episode of the Tactical Empire, Jeff Smith and Shawn Rider discuss the fifth level of financial freedom: investing in cash-flowing assets. They emphasize the importance of laying a financial foundation before reaching this level, which includes the previous steps of recognizing yourself as an asset, establishing a bare minimum, ensuring liquidity, and creating a personal banking system. The hosts share their preference for real estate due to its control and value-adding potential, while also acknowledging other cash flow-focused investments like dividend-producing stocks. They stress the need for continuous education and understanding one's risk tolerance. The episode highlights the importance of choosing investments that provide consistent returns and tax benefits, and emphasizes the ultimate goal of financial freedom through strategic asset acquisition. They also provide insights into balancing reinvesting in one's primary business versus diversifying into new investment opportunities.
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