In this episode, Katrina van Oudheusden brings on the remarkable Pei Chen to delve into transformative financial strategies. They uncover the fascinating world of Velocity Banking and income stacking as a means to build wealth differently. This enlightening conversation reveals how women can achieve financial freedom without compromising on their lifestyle.
Introduction to Velocity Banking: Katrina and Pei discuss how this concept can accelerate debt reduction and transform it into a strategy for generating passive income.
Income Stacking: Learn about the power of stacking multiple income streams, and how they can be effectively managed to secure financial stability.
Importance of Cash Flow: The duo emphasizes the significance of maintaining positive cash flow as a core principle in wealth building.
Leverage & Cash Flow: The concept of OPM (Other People's Money) as a powerful tool when used wisely, and its impact on cash flow and investment strategies.
Practical Steps: Insights on setting up lines of credit, choosing the right investment notes, and how these contribute to building a robust financial strategy.
Mindset Shift: Transitioning from traditional saving models to a more dynamic, leveraged investment approach to achieve significant financial results.
Long-term Wealth Creation: An exploration of how these strategies can lead to a sustainable, six-figure income stream within a decade.
Pei Chen is a financial strategist and entrepreneur dedicated to educating individuals on effective money management and wealth-building techniques. With a diverse background that includes everything from corporate careers to owning small businesses, Pei champions the principles of cash flow optimization and strategic investment.
Book: "DIPS on Your Money" by Pei Chen's husband, detailing strategies on utilizing life insurance policies as lines of credit.
Podcast: "Finding Financial Fit", co-hosted by Pei Chen, discussing financial empowerment and wealth-building stories.
Video: Explore more about long-term wealth strategies on Pei’s YouTube episode, "Unlocking Long Term Wealth - The Power of Cash Flow Stacking".
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About Your Host: Katrina van Oudheusden
Former Chef for the Walt Disney World® Resort, Restaurateur, Entrepreneur, and CEO of Truth Bomb Marketing. After leaving Disney, Katrina became a sought-after small business consultant. Her first business venture was to turn a struggling online digital marketing company into a multi-million dollar success story.
Dedicated to supporting female entrepreneurs, Katrina created a revolutionary business training program called, “CreatHER™ Business Rewire’. The first-ever business education and training designed for how women think and feel within their energetic rhythm.
Alongside the CreatHER™ Planner, women are finally experiencing balance in all areas of their lives. When the focus begins with HERself, women discover a freedom to dream big, increase revenue, and design a marketing strategy that works for them.
Blog: https://truthbombmarketing.com/blog
CreatHER Planner: https://truthbombmarketing.com/creather-planner/
CreatHER Reset: truthbombmarketing.com/reset
CreatHER Business Rewire: https://truthbombmarketing.com/creather-business-rewire/
