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.
We discuss setting goals and tips to help achieve them.
We’ve received a TON of listener requests to talk about Bitcoin and crypto-currency…