E.46–US states embracing Bitcoin reserves grows |Step-by-step guide to building wealth| PlanB to ETF

Top Stories for today:

1. Illegal Bitcoin Mining Operation Exposed After Fire Erupts in Malaysian Home
Link: https://cryptopotato.com/illegal-bitcoin-mining-operation-exposed-after-fire-erupts-in-malaysian-home/

2. PlanB transfers Bitcoin to ETFs, prefers ‘peace of mind’
Link: https://crypto.news/planb-transfers-bitcoin-to-etfs-prefers-peace-of-mind/

Feature story of the day:

3. The list of US states embracing Bitcoin reserves is growing
Link: https://crypto.news/the-list-us-states-embracing-bitcoin-reserves-growing/

Book of the week for this Episode:
"Rich Dad Poor Dad" by "Robert Kiyosaki"

Links to book of the week:

YouTube Link: https://youtu.be/wp7Lz1svVro?si=ThbQbBCYY0Oyxnfr
Author Site: https://www.richdad.com/

Financial Literacy
Tips on creating wealth on your way to becoming a millionaire:

Here's a step-by-step guide to building wealth and reaching millionaire status:

Step 1: Master Financial Literacy
Understand the basics: income, expenses, assets, liabilities, and investing.
Read books like Rich Dad Poor Dad (Robert Kiyosaki) and The Millionaire Next Door (Thomas Stanley).
Follow financial experts and take online courses on personal finance.

Step 2: Set Clear Financial Goals
Define your millionaire timeline (e.g., 10, 20, or 30 years).
Break it down into achievable milestones (first $10K, $100K, etc.).
Set SMART goals: Specific, Measurable, Achievable, Relevant, Time-bound.

Step 3: Increase Your Income
Maximize your 9-to-5: Get promotions, negotiate raises, or switch to a higher-paying career.
Develop high-income skills: Coding, sales, digital marketing, investing, etc.
Start a side hustle: Freelancing, consulting, e-commerce, content creation.
Invest in yourself: Continuous learning pays off exponentially.

Step 4: Live Below Your Means
Follow the 50/30/20 rule: 50% needs, 30% wants, 20% savings/investments.
Cut unnecessary expenses: Avoid lifestyle inflation.
Avoid debt (except for good debt like real estate or business investments).

Step 5: Save and Invest Aggressively
Emergency Fund: Save 3-6 months of expenses.
Invest Early & Often: Use compound interest to your advantage.
Stock Market: Invest in index funds, ETFs, and growth stocks.
Real Estate: Rental properties can generate passive income.
Businesses: Start or invest in a profitable business.

Step 6: Build Multiple Streams of Income
Earn money from different sources: Job, side hustle, investments, and passive income.
Examples: Stocks, real estate, royalties, online businesses, dividends.

Step 7: Protect and Grow Your Wealth
Get the right insurance (health, life, disability).
Diversify your investments to minimize risk.
Work with financial advisors or tax strategists to optimize wealth.

Step 8: Think Long-Term and Stay Consistent
Patience is key: Building wealth takes time.
Stick to your investment strategy and avoid panic selling.
Keep learning, adapting, and making smart financial decisions.

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Music Credits:
Intro:
Music Title: Introduction | https://www.patreon.com/posts/62286657
Released by: Oleg Mazur https://soundcloud.com/fm_freemusic
Music promoted by https://www.chosic.com/free-music/all/free-music/all/
Creative Commons Attribution 3.0 Unported License
https://creativecommons.org/licenses/by/3.0/deed.en_US

Outro:
Music Title: News Intro https://www.patreon.com/posts/62294670
Released by: Oleg Mazur https://soundcloud.com/fm_freemusic
Creative Commons Attribution 3.0 Unported License
https://creativecommons.org/licenses/by/3.0/deed.en_US
Music promoted by https://www.chosic.com/free-music/all/