The 3 buckets for creating money | Friday Rant with Austin Linney | Construct your life #508

Construct Your Life With Austin Linney

May 05, 2023•4 min

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Episode description

The three buckets for creating money are short term money, long term money, and wealth. Each bucket requires a different approach and mindset to be successful.

Short term money involves generating income quickly through activities like freelancing, consulting, or short-term investments.

Long term money involves investing in assets that will grow in value over time, such as stocks, real estate, or retirement accounts.

Wealth involves building a legacy of financial security for future generations through strategic investments and business ventures.

So at the end, each bucket requires a different mindset and set of skills to be successful, and understanding which bucket you are operating in can help you develop the appropriate approach.

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