Send us a textSummaryIn this episode, D-Waugh discusses innovative ways to build wealth through the story of a fictional character, Jasmine, who navigates her financial journey. The conversation emphasizes the importance of budgeting, consistent investing, and strategic financial planning, including the use of 401k, Roth IRA, and HSA accounts. D-Waugh advocates for hyper-concentration in strong companies and the benefits of dollar-cost averaging, while also introducing the concept of covered calls for generating passive income. The episode concludes with a motivational message about the potential for wealth accumulation through disciplined financial practices.TakeawaysA millionaire isn't built by one big win; it's built by stacking small, disciplined moves.Budgeting is crucial for building wealth and understanding your financial limits.Invest consistently every month to see significant growth over time.Minimize your expenses to maximize your investment potential.Invest in strong companies that are not going anywhere for long-term gains.Dollar-cost averaging helps lower your average cost of investments.Once you hit 100 shares, you can sell covered calls for passive income.You can be a millionaire in 10 years with disciplined investing.The game was not built for us, but we have the tools now to succeed.Financial literacy and strategic planning are key to wealth building.Chapters00:00 Introduction to Wealth Building02:00 Jasmine's Investment Journey04:51 Budgeting for Wealth10:14 Investment Strategies Explained12:24 Understanding Roth IRAs and HSAs15:14 Hyper Concentration in Investments19:49 Dollar-Cost Averaging Explained24:52 The Power of Covered Calls27:29 The Path to Financial FreedomThank you for taking the time out to listen to our podcast. We are fully dedicated to our cause and mission to bring those who seek knowledge to financial freedom and generational wealth. Now, let's go and manifest our journey GenThinkers!

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