When is it actually okay to sell stock?
Should you keep investing every extra dollar?
How much cash is "too much" to keep on hand?
And how do you know when it's time to enjoy your money instead of feeling guilty for spending it?
In this episode of the Unicorn Millionaire Podcast, I introduce a concept I use with my money coaching clients that completely changes how they think about wealth:
Accumulation vs. Extraction.
Most personal finance advice teaches you how to accumulate wealth.
Almost nobody teaches you when it's okay to start using it.
I share how I think about my own investments, why I've sold stock during slow business seasons without panicking, why I don't touch my retirement accounts, and how I decide when to keep investing versus when to intentionally extract money to support the life I'm building.
You'll also hear the visual exercise I shared with a client in their 60s who is transitioning from decades of building wealth into actually enjoying it, and why your "garden" of wealth looks different depending on your stage of life.
🤑 How to know when it's okay to take money out of your investments
🤑 The difference between the accumulation phase and the extraction phase of wealth building
🤑 Why selling stock isn't automatically a bad financial decision
🤑 Which investment accounts I pull money from—and which ones I avoid touching
🤑 How to build wealth while still enjoying your life today
🤑 Why the goal isn't just retiring someday—it's becoming work optional
Whether you're in your 20s building your first investment account or approaching retirement, this episode will help you think more intentionally about growing—and eventually using—your wealth.
If you're LGBTQ+, BIPOC, first-generation, immigrant, or neurodivergent and you're ready to stop guessing with your money, I help clients optimize their cash, credit, debt, and investments so they can build wealth with their current income—and eventually feel confident enough to enjoy it.
Join my Dom Your Dinero emails, register for the webinar, or book a free clarity call for my 6-month coaching program here: https://linktr.ee/travelercharly
