Trading the stock market can be a lucrative business without any of the hassles that small business owners face. The biggest battle will be with yourself if you want to be financially independent, retiring early; but you’ve gotta know how to think.
Want to be FIRE, Financial Independence Retire Early? We discuss the pro/con of starting a new business, using a property management / manager business as the opportunity.
Want to be FIRE, Financially Independent Retire Early? On that path, you will see plenty of examples of *flawed* thinking as well as examples of the right way to think.
On your way to FIRE, Financial Independence Retire Early, you will run into people who say that it can’t be done; they are examples of the Crab Pot theory.
We discuss how to recognize that person and how to avoid it.
We discuss the pro and con of using cash or credit cards. The financial issue in Turkey has us talking about gold and silver.
Mark Twain said, “Don’t argue with stupid people, they will drag you down to their level and then beat you with experience.” In this episode, we discuss how to handle those situations.
We talk about what and how parents can teach their children about money, finance, and the how to think. Think about what you wish you knew 10 years ago, so why not teach that to your children when they’re young so that they can walk a different path than you.
The reality is that to achieve time freedom, you must first develop the mindset; however, talking about mindset does not sell books. If you wanna sell books, talk about money. Whether it’s Jim Cramer on Mad Money, or Dave Ramsey Financial Peace – their focus is on the money, and sell a ton of books as a result. We’ve found a few people that “get it” – Jocko Willink, David Goggins, & Jim Wendler are three that come to mind; their focus isn’t money, instead they talk discipline. It’s crucial to recognize that while money is the first thing that people want, it is the last thing that shows up; it only shows up after everything else is in place.
With student loan debt on the rise, we talk the pro/con of whether College Is Necessary? It’s cost will not give you financial peace of mind, so we touch on various ways to pay for it.
We’ve been described as half the opposite of Dave Ramsey; he says “get out of debt, then hire a money mgr, aka mutual fund”. We believe that you can learn to manage your own money. Today, we talk about how to start from zero, if you are forced into a reset. Also, via listener “Mark”, we talk the pro/con of taking a retirement annuity versus a lump sum amount.