E1221. MARA Announces Over $100 Million in Bitcoin Mined in May 20252. US military leadership to back Bitcoin strategic reserve — Senator Lummis3. U.S. President Donald Trump’s Social Media Firm Truth Social To Launch Spot Bitcoin ETFBook 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 ConsistentThis 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.
