Cash is Trash: The Missed Opportunities of Not Multiplying Your Money

Big Business Mistakes

Today learn what it takes to build wealth in such a way that brings you complete financial freedom. Brandon and Kaelin dive into their most useful strategies on how they continue to grow wealth and continue know what investments are worth the time and attention. Once you’ve figured out how to make money, here’s the inside info on how to multiply it.

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I Can't Believe They Said That:

“Everybody looks at wealth and they think about their house.” -BP

“Most entrepreneurs are good at making money but they aren’t good at multiplying it.” -BP

“Having the ability to pay off your house is much better than actually having your house paid off.” - BP

“There will never be a better investment vehicle than your business.” -BP

“Cash is trash.” -KP

“Any return over 20% is something I am very skeptical of.” -BP

“You need to pay yourself first.” -BP

Key Moments:

The reasoning behind deciding to own your home instead of renting it. (12:04)

Knowing how to spot a good investment. (30:53)

The only time Brandon lost money in an investment. (36:27)

Brandon’s top 5 wealth metrics keep you on track to building wealth as an entrepreneur. (48:07)

These are the goals you should have once you are using the wealth metrics system. (1:01:33)

Brandon’s favorite forms of investments. (1:09:47)

The Mistakes:

Mistake 1: Getting too wrapped up in the emotional desire of wanting to completely pay off their first house.(14:36)

Mistake 2: Letting more than the minimum amount of what it takes to operate your business just sit in the bank. (22:18)

Mistake 3: If it's too good to be true, it’s because it is. (29:29)

Mistake 4: Buying into the crypto hype without researching first. (45:43)

Mistake 5: Not understanding operational risk. (50:22)