Chapter
Investing vs Peace of Mind
38:49 - 41:47 (02:57)
The speaker emphasizes the importance of having a certain amount of money in the bank, untouched, as an emergency fund and its potential use in case of troubled financial times.
Clips
The COVID-19 pandemic and economic crisis has left mid-sized businesses, such as Robert Kiyosaki's wine business, in a difficult position where they are too big for small bailouts but too small for big bailouts.
38:49 - 40:16 (01:26)
Business
Summary
The COVID-19 pandemic and economic crisis has left mid-sized businesses, such as Robert Kiyosaki's wine business, in a difficult position where they are too big for small bailouts but too small for big bailouts. This is a similar situation Kiyosaki faced during the 2008 financial crisis.
ChapterInvesting vs Peace of Mind
Episode955 Gary Vaynerchuk on Mindset, Family and The Future of Business
PodcastThe School of Greatness
The speaker shares the importance of having money in the bank that is solely dedicated as a financial safety net to fall back on, even in real estate investments, and not being too consumed by fancy purchases.
40:16 - 41:47 (01:31)
Real Estate Investment
Summary
The speaker shares the importance of having money in the bank that is solely dedicated as a financial safety net to fall back on, even in real estate investments, and not being too consumed by fancy purchases.