Investing From The Beach

Is it easier to achieve time freedom living in the US or outside the US ? A continuation of ep 47, this is like Dave Ramsey meets Anthony Bourdain…

To us, it sounds insane to choose to work till age 70, but that's what Suze Orman suggests.  We discuss why and how you might want to do it differently. 

What habits, work ethic, and mindset must you have in order to be the best investor (or anything else) that you can be

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.

We discuss the pro/con of starting a new business, using a property management / manager business as the opportunity.

We discuss 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: 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 – they focus 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...

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 asked 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, (or Cramer or Kiyosaki).  People accept it when you say that you're going to college; yet you will get odd looks & negative feedback 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, their 401k and 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...

Whether a side hustle, side gig, or full time career, there are skills that you'll want/need for time freedom; we discuss them in this episode.

We interview Ryan, a 29 yr old with some decisions/opportunities/choices in front of him; it's an intriguing discussion and a great case study tying in the topics of the past few episodes.

A health crisis will affect nearly every single person in their lifetime, either as a patient or as a part/full-time care-giver.  Cancer; heart disease; stroke; dementia; etc.  When, not if, but when a health crisis hits, are you financially prepared and mentally prepared.  How are you going to deal with it?