14 Jul 2025
BITCOIN Price Hits All Time Highs. Next Up, One Million?
E1251. Bitcoin Hits Fresh All-Time High as Saylor and Kiyosaki Want to Buy More2. Bitcoin to Add Zero? '$1 Million BTC' Advocate Mow Says YesBook of the week for the Episode:"The Bitcoin Standard" by Saifedean AmmousLinks to book of the week:YouTube: https://www.youtube.com/watch?v=MRczbPu8SQMAuthor Site: https://saifedean.com/tbsAmazon: https://www.amazon.ca/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861_________________________________Book of the week for the Episode:"I will teach you to be rich" by Ramit SethiLinks to book of the week:YouTube: https://youtu.be/yYZLY2otTT8Author Site: TBDAmazon: https://www.amazon.ca/Will-Teach-You-Be-Rich/dp/B07QQ3C7V3_________________________________Book of the week for the Episode:"The Millionaire Fastlane" by MJ DemarcoLinks to book of the week:YouTube: Actual book start point at time: 9hr 11mins https://youtu.be/L9waYjksnRw?si=l4UnhGh1_256xgv-Author Site: https://www.mjdemarco.com/Amazon: https://www.amazon.ca/Millionaire-Fastlane-Crack-Wealth-Lifetime/dp/B0711P51QV_________________________________Book of the week for the Episode:"The Phycology of Money" by "Morgan Housel"Links to book of the week:Web Link: https://www.facebook.com/watch/?v=1104011620693811Author Site: https://www.morganhousel.com/_________________________________Book of the week for the Episode:"Rich Dad Poor Dad" by "Robert Kiyosaki"Links to book of the week:YouTube Link: https://youtu.be/wp7Lz1svVro?si=ThbQbBCYY0OyxnfrAuthor Site: https://www.richdad.com/______________________________________________________________________________________________Financial LiteracyTips on creating wealth on your way to becoming a millionaire:Here's a step-by-step guide to building wealth and reaching millionaire status:Step 1: Master Financial LiteracyUnderstand the basics: income, expenses, assets, liabilities, and investing.Read books like Rich Dad Poor Dad (Robert Kiyosaki) and The Millionaire Next Door (Thomas Stanley).Follow financial experts and take online courses on personal finance.Step 2: Set Clear Financial GoalsDefine your millionaire timeline (e.g., 10, 20, or 30 years).Break it down into achievable milestones (first $10K, $100K, etc.).Set SMART goals: Specific, Measurable, Achievable, Relevant, Time-bound.Step 3: Increase Your IncomeMaximize your 9-to-5: Get promotions, negotiate raises, or switch to a higher-paying career.Develop high-income skills: Coding, sales, digital marketing, investing, etc.Start a side hustle: Freelancing, consulting, e-commerce, content creation.Invest in yourself: Continuous learning pays off exponentially.Step 4: Live Below Your MeansFollow the 50/30/20 rule: 50% needs, 30% wants, 20% savings/investments.Cut unnecessary expenses: Avoid lifestyle inflation.Avoid debt (except for good debt like real estate or business investments).Step 5: Save and Invest AggressivelyEmergency Fund: Save 3-6 months of expenses.Invest Early & Often: Use compound interest to your advantage.Stock Market: Invest in index funds, ETFs, and growth stocks.Real Estate: Rental properties can generate passive income.Businesses: Start or invest in a profitable business.Step 6: Build Multiple Streams of IncomeEarn money from different sources: Job, side hustle, investments, and passive income.Examples: Stocks, real estate, royalties, online businesses, dividends.Step 7: Protect and Grow Your WealthGet the right insurance (health, life, disability).Diversify your investments to minimize risk.Work with financial advisors or tax strategists to optimize wealth.Step 8: Think Long-Term and Stay ConsistentPatience is key: Building wealth takes time.Stick to your investment strategy and avoid panic selling.This video is for informational purposes only and should not be considered financial or investment advise. Always do your own research and consult with a professional before making financial decisions.
