In this episode, Katrina van Oudheusden brings on the remarkable Pei Chen to delve into transformative financial strategies. They uncover the fascinating world of Velocity Banking and income stacking as a means to build wealth differently. This enlightening conversation reveals how women can achieve financial freedom without compromising on their lifestyle.
Introduction to Velocity Banking: Katrina and Pei discuss how this concept can accelerate debt reduction and transform it into a strategy for generating passive income.
Income Stacking: Learn about the power of stacking multiple income streams, and how they can be effectively managed to secure financial stability.
Importance of Cash Flow: The duo emphasizes the significance of maintaining positive cash flow as a core principle in wealth building.
Leverage & Cash Flow: The concept of OPM (Other People's Money) as a powerful tool when used wisely, and its impact on cash flow and investment strategies.
Practical Steps: Insights on setting up lines of credit, choosing the right investment notes, and how these contribute to building a robust financial strategy.
Mindset Shift: Transitioning from traditional saving models to a more dynamic, leveraged investment approach to achieve significant financial results.
Long-term Wealth Creation: An exploration of how these strategies can lead to a sustainable, six-figure income stream within a decade.
Pei Chen is a financial strategist and entrepreneur dedicated to educating individuals on effective money management and wealth-building techniques. With a diverse background that includes everything from corporate careers to owning small businesses, Pei champions the principles of cash flow optimization and strategic investment.
Book: "DIPS on Your Money" by Pei Chen's husband, detailing strategies on utilizing life insurance policies as lines of credit.
Podcast: "Finding Financial Fit", co-hosted by Pei Chen, discussing financial empowerment and wealth-building stories.
Video: Explore more about long-term wealth strategies on Pei’s YouTube episode, "Unlocking Long Term Wealth - The Power of Cash Flow Stacking".
Thanks for listening! If you are enjoying our podcast, leave a comment below. We love hearing from our fans and other female entrepreneurs! We are collaborating to make business better for every woman! Feel free to share this podcast on your favorite social platform. And if you are listening on any of the podcast platforms, we would love it if you could post a 5-star review. Please, help us get our message out! Together, we discover how each woman has the power to unlock another woman when we are open about what we are dealing with as women in business.
About Your Host: Katrina van Oudheusden
Former Chef for the Walt Disney World® Resort, Restaurateur, Entrepreneur, and CEO of Truth Bomb Marketing. After leaving Disney, Katrina became a sought-after small business consultant. Her first business venture was to turn a struggling online digital marketing company into a multi-million dollar success story.
Dedicated to supporting female entrepreneurs, Katrina created a revolutionary business training program called, “CreatHER™ Business Rewire’. The first-ever business education and training designed for how women think and feel within their energetic rhythm.
Alongside the CreatHER™ Planner, women are finally experiencing balance in all areas of their lives. When the focus begins with HERself, women discover a freedom to dream big, increase revenue, and design a marketing strategy that works for them.
Blog: https://truthbombmarketing.com/blog
CreatHER Planner: https://truthbombmarketing.com/creather-planner/
CreatHER Reset: truthbombmarketing.com/reset
CreatHER Business Rewire: https://truthbombmarketing.com/creather-business-rewire/
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