It's Personal Finance Canada Why You Can't Get Ahead
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Sep 8, 2025 Discover strategies for building wealth even from scratch. The talk dives into breaking free from survival mode, addressing the psychological blocks that hold you back. Enhance your cash flow with proactive measures and see business as a community service for financial growth. The discussion also explores balancing hobbies with consumerism, encouraging investment in appreciating assets. Learn the significance of understanding income types and effective cash flow management for sustainable wealth and generational growth.
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Wealth Equals Cash-Flowing Assets
- Christine Conway defines wealth as owning assets that generate cash flow to support your lifestyle without daily work.
- Focus on picking assets and sizing them to meet your future cash-flow objectives.
The Trap Of Survival Mode
- Survival mode is a mindset where income is spent immediately and anxiety about unexpected expenses dominates.
- Breaking the thought loops begins by believing change is possible and creating a plan to move forward.
Create Validated Extra Cash Flow
- Create extra cash flow by building a side income or business before obsessing over passion projects.
- Validate demand first: ask who will buy it and whether they'll pay enough to make the grind worthwhile.