In this episode, the host discusses how to attain philosophical freedom in finance by breaking free from the common narratives and not making financial decisions out of fear or scarcity. He emphasizes the importance of sharing knowledge and not being afraid to explore new ways of thinking in the finance industry.
The podcast speaker talks about his personal net worth and how much is associated with his business, Tiny. He mentions being primarily invested in the business while still maintaining liquidity outside of it.
The speaker suggests having a system for your finances such as a process map or an email inbox into which money can be withdrawn to be allocated properly. It is recommended that one should exercise setting realistic targets, starting with an optimistic self, and saving and investing 20-30% of their income.
The speaker argues that the financial industry loses credibility when claiming that a certain number will cause everything to break, but it never does, using the example of the risk-free rate numbers. There is a phenomenon called crowding out where when interest goes up, money flows into the risk-free rate.
The speaker believes that it's important to show your personality as a dragon investor and not just act like a dragon. They also discuss the need for education on financial concepts such as paying back loans and claiming money for research and development.
Learn about making smart financial decisions and navigating financial uncertainty with How to Money, while also diving into a true crime story in The Mantawalk Caves.
The speaker discusses how being financially aware has led to conflict in their relationship and how everyone is dealing with financial stresses in some way.
In this episode, the host discusses the collective agreement of people in the financial system to abide by certain rules and how individuals can choose to opt-out. He also shares his fears of living in a society where everyone agrees because of his ethnic background.
The speaker talks about how small expenses can add up to thousands of dollars, using the example of buying lunch for employees at the office, and how cutting just one dollar off the cost can lead to significant savings.
A man receives a 90 million dollar payout and leaves only 50 million to a company, considering it a conservative amount.
In this episode, the host discusses the perception of the old financial system being obsolete and encourages listeners to explore alternative investment options such as real estate.
The speaker highlights the importance of paying attention to one's finances and the possibility of becoming a millionaire, which in turn gives women financial power and independence.
Desmond's publication "Hard Cash" was focused on providing tips and information about financial investments to working-class people. But it was also tied to left-wing politics, as Desmond believed that conservative politicians were infiltrating labor and left-wing groups.
The speaker talks about how they gained financial literacy and learned about finances prior to getting married at a younger age, as opposed to the common notion that college graduation should come first before marriage.
Former Chair of the FDIC, Sheila Bair, and former Treasury Secretary, Larry Summers, join for a talk about the Federal Reserve and inflation with the host of the show.
The hosts introduce the topic of compound interest and express excitement to discuss its importance in society.
The speaker advises a listener to buy more time at their mom's house to save up money and wait for better interest rates before deciding to rent or buy a house with their partner.
The 10-year treasury bond paying about 4% is no longer a viable option, as the next stock market decline is likely to be caused by interest rates, affecting long-term investments in real estate, stocks, and endowments that require a 10-year time horizon.
The annual shareholders meeting is nothing more than a performance that yields almost no important information worthwhile to investors, turning into a petty fight between old men.
This podcast explores how the inner child can affect financial decisions, causing adults to struggle and make questionable choices. By understanding where these patterns stem from, individuals can approach their financial situation with more compassion and clarity.
The speaker emphasizes the importance of taking opportunities for increased income, such as a job promotion, instead of relying on uncertain ways of earning like starting an OnlyFans account.
In this podcast, the guest discusses how some couples split their finances, with one person covering certain expenses and the other covering different expenses. The guest also shares their personal journey of working multiple jobs to pay off debt and build an emergency fund as a married individual.
The book, written by Janet Wallach, tells the story of the financial genius, Hedy Green, who was a successful railroad magnate and real estate mogul in the gilded era.
The hosts discuss the true identity of the Rich Dad in "Rich Dad Poor Dad" and the controversy surrounding the book's financial advice.
The speaker discusses the importance of discussing financial strategies with their business partner and potentially acquiring a loan or rolling over a retirement account. They stress the need for dedicating time to understanding the legal aspects of finance and treating it like a job.
The speaker talks about meeting Russell, a professional who helped them make a lot of money and how overwhelming it was to learn and deal with large sums of money after just learning about them in school recently.
The development of financial products requires intense mathematical knowledge, yet those selling these products are not always similarly invested. Those outside the financial industry who sell such products without licenses or experience can lead to dangerous investments and unaccountability for those losses.
