The speaker explains how there are investments made for optimizing financial ROI and others for optimizing different things. He offers a personal example of buying real estate and using mortgages, highlighting the importance of changing financial decisions as circumstances change.
The key to investing is to invest in what you understand. If you are a tech person, invest in tech; if you are a workout person, invest in fitness.
This podcast episode discusses interesting threads from the subreddit r/fatFIRE, including investing in real estate, buying expensive homes, and planning for retirement with a substantial inheritance.
The mindset of overspending and not saving for the future is discussed, and the importance of investing in the right things for long-term financial growth is emphasized.
The confidence of knowing the routine and process of investing can lead to success, even in unpredictable markets like real estate.
The fear of what other people might think of our choices and decisions can hold us back from creating the life that we want. It is important to overcome this fear and put ourselves out there despite the opinions of others.