Do THIS After You Make a Lot of Money (If You Don't Want to Lose It All) | Investing on Purpose Pod
Description
In this episode of 'Investing on Purpose,' JP Newman sits down with Mike Dillard, an internet marketing pioneer and crypto expert. Together, they explore the pitfalls of trusting traditional financial systems, the importance of owning assets, and the role of entrepreneurship in building lasting wealth. Mike shares his personal journey through financial highs and lows, the lessons he learned from experiencing a severe health crisis, and the significance of automating finances. They also delve into the transformative potential of Bitcoin and AI, advocating for strategic investments that promise future wealth and stability. This insightful conversation is a must-watch for anyone looking to make informed financial decisions and achieve true financial independence.
00:00 Introduction: The Game of Money and Taxes
00:49 Meet Mike Dillard: Internet Marketing Pioneer
03:19 Early Struggles and Breakthroughs in Network Marketing
06:30 The Rise of Magnetic Sponsoring
10:19 Elevation Group: Empowering Financial Independence
18:22 Facing Betrayal and Legal Battles
32:36 The Power and Promise of Bitcoin
37:23 Facing Market Turmoil: Embrace the Opportunity
37:44 The Entrepreneur's Journey: Making and Keeping Money
38:42 The High-Risk Cycle: From Adrenaline to Investments
41:13 The Importance of Financial Planning
43:49 Navigating Economic Bubbles and Crashes
45:11 Investing in Hard Assets: Real Estate, Bitcoin, and AI
54:32 Automating Finances for Consistent Wealth Building
01:04:21 The Future of AI and Human Creativity
01:14:02 Final Thoughts and Reflections
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