E63–Donald Trump signs executive order for Strategic Bitcoin Reserve | March 7 Crypto Summit News

Top Stories for today:

1. Donald Trump signs executive order for Strategic Bitcoin Reserve

2. Crypto Czar David Sacks Says US Can HODL Bitcoin Ahead of White House Summit

3. Bitcoin price rebound breaks down before key level is hit — Here is why

4.US government missed $17B profit by liquidating Bitcoin instead of holding

Feature story of the day:

5.How Will Bitcoin Price React to Trump’s March 7 Crypto Summit and Nonfarm Payrolls?
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Book of the week for the Episode:

"The Bitcoin Standard" by Saifedean Ammous

Links to book of the week:
YouTube: https://www.youtube.com/watch?v=MRczbPu8SQM
Author Site: https://saifedean.com/tbs
Amazon: https://www.amazon.ca/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
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Book of the week for the Episode:

"I will teach you to be rich" by Ramit Sethi

Links to book of the week:
YouTube: https://youtu.be/yYZLY2otTT8
Author Site: TBD
Amazon: https://www.amazon.ca/Will-Teach-You-Be-Rich/dp/B07QQ3C7V3

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Book of the week for the Episode:

"The Millionaire Fastlane" by MJ Demarco

Links to book of the week:
YouTube: Actual book start point at time: 9hr 11mins https://youtu.be/L9waYjksnRw?si=l4UnhGh1_256xgv-
Author Site: https://www.mjdemarco.com/
Amazon: https://www.amazon.ca/Millionaire-Fastlane-Crack-Wealth-Lifetime/dp/B0711P51QV

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Book of the week for the Episode:

"The Phycology of Money" by "Morgan Housel"

Links to book of the week:
Web Link: https://www.facebook.com/watch/?v=1104011620693811
Author Site: https://www.morganhousel.com/

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Book of the week for the 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/

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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 Un

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This video is for informational purposes only and should not be considered financial or investment advise. Always do your own research and consult with a professional before making financial decisions.