Chapter
The Importance of Being Net Positive with Your Income
24:29 - 31:51 (07:21)
Having a net positive income, meeting the basic needs of having a bed and food, is crucial in order to weather unexpected financial changes. Maintaining this level of income can also bring benefits such as mortgage tax deductions.
Clips
Homeownership provides forced savings as well as the enjoyment of fixing up and improving the property, with potential benefits such as mortgage tax deductions.
24:29 - 27:32 (03:03)
Summary
Homeownership provides forced savings as well as the enjoyment of fixing up and improving the property, with potential benefits such as mortgage tax deductions.
ChapterThe Importance of Being Net Positive with Your Income
EpisodeA MASTERCLASS On How To Prepare & Thrive In Recession EP 1293
PodcastThe School of Greatness
A former caddy shares his experience of buying a company that was selling for under $5 a share using the money he earned from caddying.
27:32 - 28:59 (01:27)
Summary
A former caddy shares his experience of buying a company that was selling for under $5 a share using the money he earned from caddying. He highlights his ignorance and luck but encourages investing in the stock market.
ChapterThe Importance of Being Net Positive with Your Income
EpisodeA MASTERCLASS On How To Prepare & Thrive In Recession EP 1293
PodcastThe School of Greatness
In this podcast episode, the importance of knowledge in achieving financial freedom is discussed.
28:59 - 30:30 (01:30)
Summary
In this podcast episode, the importance of knowledge in achieving financial freedom is discussed. Learning the skills of productivity, financial literacy, and resourcefulness can help those who are struggling financially become more financially abundant.
ChapterThe Importance of Being Net Positive with Your Income
EpisodeA MASTERCLASS On How To Prepare & Thrive In Recession EP 1293
PodcastThe School of Greatness
In this podcast episode, the speaker emphasizes the importance of being financially disciplined and how living within one's means can lead to a good life.
30:30 - 31:51 (01:20)
Summary
In this podcast episode, the speaker emphasizes the importance of being financially disciplined and how living within one's means can lead to a good life. He shares a quote from the movie David Copperfield and encourages people to become net positive to improve their financial standing.