PODCAST: The Building Blocks of Financial Freedom (Part 4)

In the fourth installment of this very special series, trading coach/economist Jerry Robinson leads us into the exciting, powerful phase of building our financial castle.
(Note: Level 4 follows the completion of Level 1 and Level 2 and Level 3)

• Saving, investing, and trading are three different types of financial activities
• Invest Broadly Across Various Asset Classes – Keeping a mix of asset classes is the key to diversification
• Remember P.A.C.E. for Inflation Protection – P = Precious Metals, AC = Agricultural Commodities, E = Energy
• Avoid Overweighting in One Area – Because the “rules of the game” can change at any time
• Trade Cash for Cash Flow When Possible – Often, opting for cash flow instead of lump sums makes more financial sense
• Create Multiple Streams of Income – In order to achieve financial freedom, income diversification is vital

Jerry closes out today’s show with a simple recipe for abundant living from a prominent 18th-century theologian.