Streamed live on Feb 24, 2023
The Personal Balance Sheet / Magic $$$ Number for Millionaire Happiness!
This episode discusses the importance of creating a personal balance sheet to accurately understand one’s income, expenses, assets, and liabilities. Many assume they know these numbers but may confuse assets for liabilities and underrepresent expenses. The video also mentions a magic number for achieving the same level of happiness as a millionaire, which is determined by generating an extra eight to ten thousand per month in a non-ridiculous city. The goal is to understand one’s balance sheet and achieve positive cash flow to reach this happiness number. The video encourages viewers to do their personal balance sheet and put a like on the video if they commit to doing it.