These Are the 4 Steps to Becoming Truly Wealthy | Money School Episode 4
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Welcome to the School of Money – with Elior Zakaim
This is not another inspirational series.
This is a series that will change the way you think, earn and deal with money.
In each episode, we will break down together the things we were not taught in school –
How to get out of the red, how to build a budget, how to invest correctly, and how to move from a pursuit… to true financial freedom.
No bullshit. No theories. Just tools, after all, that bring results.
Want to ask a question or get help? Talk to me on Instagram: 📩
/ elior_zakaim
What did we have in the episode?
00:00 – Introduction: What is the “School of Money” and why does it exist
00:31 – Introduction to the topic: 4 modes of money accumulation
00:56 – Step 1: A clear financial goal
01:22 – A practical example of a goal: Buying a house in Israel
01:47 – Measuring exercise – How much do you need to earn per month
02:13 – 1 year, 3 years, 5 years – Personal planning model
02:28 – Step 2: Monthly positive flow (income VS expenses)
02:41 – Step 3: Start investing a monthly amount
03:04 – Explanation – How money works for you and not the other way around
03:27 – Initial investment suggestions (even with small amounts)
03:48 – How to deal with the fear of investments
04:14 – Step 4 (and most important): From investments to passive income
04:38 – The economy is always growing – the power of interest Dribi
05:07 – What is an investment portfolio and why is it critical
05:31 – Disclaimer on promises of “passive income” online
05:58 – Example: Investor from age 21 – Passive income at age 35
06:24 – The mistake of young people – wanting milk without raising the cow
06:56 – How to build a well-organized plan with a professional
07:17 – Personal example from Elior – How much does he invest and how
07:48 – Vision of passive income at age 35
08:11 – Summary: The four accumulation modes
08:34 – Call to action – send questions and help others
08:58 – End of the episode – spread, share and help everyone control money
If you learned something new in this episode – share it with a friend who needs to hear it 📣
Every share helps us grow as a strong financial community, which stops being afraid of money – and starts controlling it Bo
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