Chapter
Climbing the Corporate Ladder vs Owning It
00:00 - 04:31 (04:31)
Wealthy people aim to own the corporate ladder instead of climbing it, as they understand that the executives' duty is to the shareholders. This is why they often pay themselves with equity and buy stock in the public company they work for.
Clips
In this episode of The School of Greatness, Louis Howes welcomes Tony Robbins and Frank Kern to share their insights on the fundamentals of money mastery and how it can be learned.
00:00 - 01:04 (01:04)
Summary
In this episode of The School of Greatness, Louis Howes welcomes Tony Robbins and Frank Kern to share their insights on the fundamentals of money mastery and how it can be learned. From defining what money is, to understanding the power of compounding interest, they provide valuable knowledge and advice for anyone looking to improve their financial situation.
ChapterClimbing the Corporate Ladder vs Owning It
EpisodeA MASTERCLASS On How To Prepare & Thrive In Recession EP 1293
PodcastThe School of Greatness
Our paper dollars are just fiat currency, which means it's issued by the government and the value is backed by the strength of the government.
01:04 - 02:03 (00:58)
Summary
Our paper dollars are just fiat currency, which means it's issued by the government and the value is backed by the strength of the government. Saving money to create wealth might actually be making us poorer each day, as inflation lowers the value of a dollar.
ChapterClimbing the Corporate Ladder vs Owning It
EpisodeA MASTERCLASS On How To Prepare & Thrive In Recession EP 1293
PodcastThe School of Greatness
In a public company, the executives have a fiduciary duty to the shareholders, not the employees or customers.
02:03 - 04:31 (02:27)
Summary
In a public company, the executives have a fiduciary duty to the shareholders, not the employees or customers. While workers may have the opportunity to invest in the company, they should be aware that their interests may not always align with those of the shareholders.