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17 results for “financial education”
Topic9 mentions across episodes
education
Topic2 mentions across episodes
financial education
...that helps you financially. Maybe that's opening up a high yield savings account, so all of a sudden, the money sitting around waiting for your rainy day can actually earn you a little bit of extra interest. Maybe it's building out a plan to pay off
25:27 / 26:31
from transcript25:27 – 26:31
...financially independent. And how do you take this really big goal, which if you live in The US, probably gonna be the millions of dollars. And how do you backtrack into feasible, tangible steps that you can do to reach that independence? So that's ou
5:14 / 6:23
from transcript5:14 – 6:23
okay, a lot of these people are saying, oh, you shouldn't pay down debt because interest rates are human just making it really complicated. But I simplified it for myself to say, well, I understand that a credit card at 20% interest is gonna lose me
9:41 / 10:58
from transcript9:41 – 10:58
...this year Mhmm. What should it be? Trying to increase your income because my mentor told me this one line, and it's stuck in my brain forever. She said, you can only save as much as you earn, but you can always earn more money. We talk so much, like,
31:21 / 32:33
from transcript31:21 – 32:33
We call them goals, but in sort of buckets, right, which is to say, okay, you should always have an emergency savings account. That is three to six months relatively liquid assets so that, you know, if you get in a bind, which happens on a lot of occ
26:58 / 28:06
from transcript26:58 – 28:06
...financially. To me, I thought your average person does not have a perfect life. Right? We have a It's messy. Yeah. Right. Everyone. So everyone has to be as efficient as possible with every single dollar that they have. So when I designed Savvy from
21:00 / 22:02
from transcript21:00 – 22:02
...how real financial decisions work. People don't make financial decisions in a spreadsheet. They make them at the dinner table with their spouse, with their family, where all these emotions and nuance comes into play that moves the needle in a way tha
45:06 / 46:06
from transcript45:06 – 46:06
So everybody, like, I said at the very beginning, everybody has different risk tolerances, but you also have to realize everybody has different goals. Now I personally loved that I use it's called the snowball method where you pay down let's say it's
22:51 / 24:44
from transcript22:51 – 24:44
and then how much time do you spend on your investments? Like, look. If it's a hobby, you enjoy doing it. Great. But, basically, in your quest to outperform. So, hey. I'm trying to get a 15% return instead of 10 or I'm, whatever, trading, YOLO ing in
27:03 / 28:07
from transcript27:03 – 28:07
...loop for financially. Talking about it now, getting a strategy now is awesome. So tell us a couple things since we're talking taxes, let's start there, that are common things that people don't really know and would be like, hey, here's a good place t
6:45 / 7:51
from transcript6:45 – 7:51
I I I like that arc, but it seems like it's because you reduce risk rather than simply chasing yield. So how do you define risk in this era of higher rates and sticky inflation for real estate investors? Yeah. I said this a little bit earlier. It's s
42:12 / 44:04
from transcript42:12 – 44:04
...financial planning, you know, the list of things that matter, there's a long list of things you can control. In fact, large chunk of them, like how much exposure you take, portfolio design, the day you're going to retire, how much you save, like all
22:37 / 23:39
from transcript22:37 – 23:39
They understand them better. They're more it's going to make it easier for them to make the leap of faith of dumping their life savings into these companies if they're more familiar with them. I probably have a home bias as well investing in US index
46:24 / 47:40
from transcript46:24 – 47:40
it massively devouring your network, that's a level of independence. It's just the ability to withstand all the normal, natural, inevitable ups and downs in life. Some people will get to a point where they can withstand virtually any economic disaste
14:55 / 16:03
from transcript14:55 – 16:03
Like, the things I could do with that, the things that and so, you know, depending on how you frame things and and going back to the endowments, you know, this is a great point too because thinking about these various buckets, you know, they notoriou
21:01 / 22:09
from transcript21:01 – 22:09
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