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.
Listeners Pliney & Jackie ask about repayment strategies for student loans and mortgages.
Listener Dennis asks about dealing with relationship dynamics when the other person doesn’t share your vision, excitement about time freedom or investing. People accept it when you say that you’re going to college; you will get odd looks & responses when you say you’re learning to achieve to time freedom.
When someone wants more money, they instantly think about how to get a raise; we talk about how to dramatically increase your wealth and income, simply by using what’s available to most employees: using their 401k and addressing their spending.
We talk about debt; using a different mindset than Dave Ramsey to get out of debt and invest without mutual funds.
We interview a very successful r/e agent/investor who is contemplating his full-time workload and discuss how else to spend his time.
We talk about naked option trading; you’ll hear a LOT about this method in the midst of a bull market; and you’ll hear a LOT about naked call trading in the depths of a bear market…but you won’t hear people talk about the risk associated with such a strategy.
We discuss using Leaps (or longer term options) as a substitute for stock when selling covered calls. This can be called calendar spreads or diagonal spreads; sometimes referred to as renting stock. The idea is to control stock for less than its purchase price and sell calls against that asset.