Reader response to our Personal Finance Podcast for Men was overwhelming, so we recorded a second part. In this episode we take on reader questions while also providing our own viewpoints on wage slavery and personal freedom.
Go to our SoundCloud or press play below:
Topics We Cover and Questions We Answer:
- Should you buy or lease a car? (Why did Mike buy a used car even though he could have afforded a new car?)
- How Jay almost got ripped off on a car lot – even though he was personal friends with the owner.
- What are the most common cognitive traps that young entrepreneurs need to watch out for?
- How fear and uncertainty, and poor cash flow management can derail you.
- The Wage Slave Mindset.
- How do I make money right now?
- Making cash in real estate and a story from Marc Cuban about selling shoe laces.
- The mindset: “There is money out there. Take it.”
- The money-making secret Jay wish he knew about 10 years ago.
- How can I climb up the corporate ladder?
- Why Mike could never work in a large company.
- Should a single man rent or buy an apartment/house/condo?
- Buying a house isn’t just about economics. It’s also about personal freedom.
- How to kick out a rent-controlled tenant for fun and profit.
- College degrees – rip off or not?
- Why going to college today is not the same as when Mike and Jay attended college.
- What college Mike would go to if someone else were footing the bill.
- “If you have the skills to succeed in college, you already have the skills to succeed in life.”
- Is freedom a mindset or a number? Is it $1 million in the bank or just knowing you don’t have to work?
- “The problem is thinking there is a magic number you will reach and then retire.”
- “Freedom is being able to live a life completely unaffected by people that you really don’t care about.”
- What do we mean when we say wage slave?
- Freedom is being able to take a trip to Vegas whenever you want.
- Time freedom v. financial freedom, according to Warren Buffett.
- “Freedom to me means that, yes, I work, but I never have to do a job I don’t want to do.”
You tell us. What do you want us to cover in our next podcast?