Quick Cut: S2E239 Getting Rich is Easy

It's a Good Life

Brian Buffini

Business, Entrepreneurship, Life, Good, Entrepreneur, Coaching

4.4 • 2.4K Ratings

🗓️ 31 October 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Click here to listen to the full episode

Money can’t buy you love, but it can certainly solve some of life’s problems. In this episode, Brian shares how he built his own personal fortune and sets out his simple step-by-step formula for generating wealth.

YOU WILL LEARN:

· Why you have to control what's going out.

· Why you must increase what's coming in.

· Why you have to invest, then wait.

MENTIONED IN THIS EPISODE:

Free Business Consultation

NOTEWORTHY QUOTES FROM THIS EPISODE:

“It's easy to get rich; it's just easier not to.” – Brian Buffini

“You will never be rich unless you control your expenditures.” – Brian Buffini

“The greatest value you will ever possess is your own personal value.” – Brian Buffini

“There's a real blessing in getting rich slowly.” – Brian Buffini

“Never buy into a business you can't understand. Never buy a product you can't understand. Never buy an asset you can’t understand.” – Brian Buffini

itsagoodlife.com

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to It's a Good Life with Brian Baffini, founder of America's largest business coaching company.
0:11.0	Here's a short classic cut from one of our all-time favorite
0:14.5	episodes.
0:19.0	Well top of the morning to you and welcome to today's podcast. The title of today's show is
0:24.1	Getting Rich is Easy. Now that sounds like click bait doesn't it? But it's the truth.
0:29.8	I followed a formula for 30 years that has built my personal fortune.
0:35.0	I can help you become rich by following three simple steps.
0:40.0	First, you're going to control what's going out. Second, you're going to control what's going out.
0:43.0	Second, you're going to increase what's coming in.
0:46.0	And thirdly, you're going to invest and wait.
0:49.0	Here's the first thing.
0:51.0	We have to control what's going out. How much you're spending. You will
0:54.8	never make a fortune. You will never be rich unless you control your expenditures. End of story.
1:02.0	There's no amount of money you cannot spend. Dave Ramsey, Mr Budget
1:06.4	said a budget, is telling your money where to go instead of wondering where it went.
1:09.9	If you don't have one, get one. The next thing in controlling what's going out is to prioritize your expenses.
1:16.0	What gets measured gets managed.
1:18.0	You got to manage your money.
1:20.0	The third thing in controlling what's going out is to create a surplus.
1:24.0	That is the goal. We want to have the budget so that we stop from buying things we can't afford,
1:29.0	so that we build the surplus. You can either A, get yourself an emergency fund, a crisis
1:36.7	fund, you get yourself some reserves and then ultimately build up a fund for investing.
	...

Transcript will be available on the free plan in -106 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brian Buffini, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Buffini and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.