Episode #422
What Is Your Money Actually For?
Ready to Date Your Money? You don't need another restrictive budget. You need to know where your money is going and what you want it to do for you. Join The Smell of Money and START HERE with iDateMoney®: https://www.skool.com/the-smell-of-money/about You'll take a simple look at your cash flow, uncover money that's hiding in plain sight, and start giving your dollars a job that supports the life you're actually building. JOIN THE SMELL OF MONEY + START HERE: https://www.skool.com/the-smell-of-money/about How much money do you actually need to retire? $1 million? $2 million? More? The answer isn't that simple. In this episode of iDateMoney® , Lisa Drennon sits down with financial educator, author, speaker, and co-founder of Stonebriar Wealth Advisors, Gary Preisser , to challenge the idea that building wealth is simply about accumulating as much money as possible. Gary believes wealth isn't a trophy. It's a tool. And the value of that tool comes from what you're able to do with it. Together, Lisa and Gary talk about why cash flow—not an arbitrary retirement number—needs to be part of the conversation when you're trying to determine whether you can afford to retire. Two people can have the exact same amount saved and be in completely different financial situations based on their expenses, Social Security, pensions, income sources, debt and the life they actually want to live. That's why the question isn't simply: "How much money do I have?" It's also: "What do I need this money to do?" In this episode, you'll hear: Why there isn't one magic number you need to retire How your current and future cash flow affect retirement readiness How unintentional spending can quietly consume even a strong income If you're not intentional about where your money goes, it has a way of disappearing into expenses that may not even matter to you. Your income can increase. Your investments can grow. Your net worth can climb. But if you don't know why you're building that wealth, you can spend decades accumulating money without ever allowing it to create the life you were building it for. And eventually, somebody is going to spend that money. Why shouldn't some of that somebody be you ? Take the trip. Help your kids or grandkids if that's important to you. Create experiences. Give. Build something. Retire. Or simply create enough predictable cash flow that you don't have to worry every month. Your answer doesn't have to look like anyone else's. That's the point. Connect with Gary Gary Preisser is a financial educator, author, speaker and co-founder of Stonebriar Wealth Advisors . https://www.stonebriarwealthadvisors.com/ About iDateMoney® iDateMoney® is where you learn to OWN Your Money : O — Organize your cash flow W — Build Wealth N — Navigate your finances So you can uncover money leaks, reduce debt, build savings and wealth, and make confident decisions with your money. Because it doesn't matter how much money you have— It's what you do with it that matters. ️️ Intro/Outro music "IDM" by Christa Lily
