It’s hard for most people to attain financial freedom, but trying will leave you better off, said Rashad Bilal and Troy Millings of podcast “Earn…
Rashad Bilal and Troy Millings created"Earn Your Leisure," a popular podcast, in early 2019 to help spread financial literacy.
Today, Earn Your Leisure has expanded to create multiple podcasts, host live events and offer an online educational platform, EYL University. It has 1.4 million Instagram followers and another 1.4 million YouTube subscribers. Its flagship podcast has an average 3 million downloads a month, said Bilal and Millings. It's also developing a financial literacy curriculum for high schools.
People may have heard that investing and compound interest are important but might not know why. Can you speak to that?The only way to really achieve financial freedom is if your money is growing without you working for the money. How to achieve that is through investing. One dollar will only be $1 if it's saved in the bank. But $1 can become $2 if it's invested.
It could differ. It could be in that eight-figure range. Or it could be seven figures. It's really about having the financial resources to do what you want and invest and create generational wealth. It needs to be something that lasts for generations. I think the aspiration towards a certain goal, you might not be able to actually obtain that goal, but if you fall short you'll still probably be better than you would have been if you had no aspiration and didn't follow any rules or didn't try to invest or start a business; you live off what you have. You won't buy a $1 million home if you only have $1,000 in your bank account. Your life will still be better financially than if you didn't follow the pathway towards the goal.
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