025: Why You Need a Dream Account & How to Create One Today

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By David Bach. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Most people fail to pursue their dreams because they don’t know how to plan for them.

Maybe you want to buy a car, take a vacation, re-decorate your home or start a business. Whatever it may be, you’re going to need to fund your dreams, and the best way to do that is by opening a separate investment account for that specific reason.

Ever since I was a financial advisor, I’d ask my clients what dreams they had. Many people would say “I want a new kitchen.” So, we’d open the kitchen account and start funding the dream. Guess what? Most clients would stop asking about their “investments” and would only ask about that “kitchen account” or whatever dream account they were funding.

Nothing gives energy to a person’s life about their future, like a dream account. It’s the fastest way to make your dream a reality. Your future becomes exciting, your dreams suddenly feel real, and you’re chasing something that’s meaningful to you. If you want to find out exactly how to set up your dream account, which services to use, and how to balance your fundings, then this episode is for you!

In this session, here’s what we cover:

  • The three basket approach to thinking about your money.
  • What a dream account is and why will it completely change the way you think about your future.
  • Why a dream account is the fastest way to turn your dreams into reality.
  • What to do if you don’t know what dreams you want to pursue.
  • A step-by-step formula for setting up and funding a dream account.
  • Learn my favorite mutual fund to invest in, which has generated a 10% annual return since inception.
  • What type of investment account should you open up to fund your dreams?
  • The key to a successful dream account and making your dreams come true.

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