Budget like the Rich – Alexandra Gonazalez-Ganoza
If you had a million dollars you’d probably think you’re financially free… or Maybe you keep thinking that that high-paying job you’ve been wanting will solve all your problems…
The problem with thinking this is that you’re assuming that having a lot of money is what leads to financial freedom. You can have a lot of money and still be poor. You can have a lot of money and still not be free. You can have that high-paying job and still be living paycheck to paycheck.
That’s why to be rich, you have to budget like the rich.
Building and maintaining a budget is an essential element of personal finance success. It’s the roadmap for your finances.
Host Alexandra Gonzalez-Ganoza shares the four basic budgeting tips the rich use and you can start implementing in 2024!
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Please read carefully.
This is not financial advice. You may be asking, “What does that mean?”
Let me explain…
Do not just do what I, my team, or my guest say. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.
YOU must take responsibility for your future and your success. That is why you are here. Neither I, nor my team, nor my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.
We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.
Also, understand that we are REAL teachers. We practice what we preach. With that in mind, we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.
Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.
Enjoyed that.
Thanks for the recap! Much needed. Tried and true financial advice. Keep up the good work and happy new year!! 💯💵
Suggest some books on financial education 🙏
❤ love all the rich dad stuff I have collected Soo many good coins and silver! I have bought annnnd sold properties. I I have played the game cash flow game. I am Soo thankful for Robert kiyosaki and the rich dad company. Really helping poor guys like me become rich. Thank you
Alexandra, thank you a lot for motivation, useful tips and reminders!!!! 😁🫰
My short version, calibrated many years back is this: never set lifestyle in excess of 75% of take home pay. For the entrepeneur/small business type that would be net. Life happens, do not remove your shock absorbers – we don’t do that to our cars and that seems to work out well.
Well said Alexandra! 🌹
Don’t forget to feed your golden egg laying goose at least until you can buy another one
She’s Ganoza o my God 😊
Marry me Alexandra! I love your brain! lol
Correct right yes yup…I love it!
I have a million dollars. I have three kids in college (without having to take out any loans) and I’ve retired early although I’m still working part time by choice. Your intro made me appreciate it. Reading Robert Kiyosaki’s book helped me a lot. I also recommend “The Millionaire Next Door”. At this stage of my journey, I’m getting a lot of benefit from following Andy Tanner’s stock philosophy. My stock dividends alone are providing me with $72,000 per year income. I’m in my late 50s and it’s very sad to see my friends my age who are realizing they are f*cked and will never be able to retire and will never have anything or be able to do the things they wanted to do. I love what you said about how most middle class people use a budget as a plan to fail (or however you put it).
Great episode! You have come a long way. Thanks
FACTS!
Thank you 🙏 Gonna check out course 💰
Million dollars won’t even buy a house or car these days…
Is she reading❔️
I know the background is fake but is she reading though ❔️
3:21
4:08 Plan to become Rich
5:32 Saving 6 Months Living Expenses (Bonus Tip)
5:57 Financial Report Card
8:34
9:42 Spend to get Rich
11:27
The world which created the monetary system which we have all been accustomed to is getting ready to drop dead.What will you do when the rules which once governed how wealth is created are no longer there?..As the wealthy people i see today are full jacked into the system…When the system dies..Those who were jacked in financially die too.
When the rent is stupidly expensive and wage is low, you can’t do very much.
You must increase your income, no other ways! Side hustles, more work etc etc.