Tag Archives: money

A Conversation with Mr. Money Mustache

TMBA332: A Conversation with Mr. Money Mustache
Date: 2016-04-14
Link: Tropical MBA
Tropical MBAThere is something other to do with your money than finding a way to spend all of it.
It is annoying to see your own inefficiencies.
Understand your own weaknesses.
What really makes humans happy is having great, warm relationships with other people where you can be giving and have time to spend with them.
To retire you need to have 25 times your annual income invested in something that generates cash.
Earn a lot and don’t spend a lot.
Never borrow money for a car.
Television is a depressing medium.
Being a leader is a great thing in attracting other entrepreneurial people.
Set the rules instead of follow them.
The most content human lifestyle is one that is simple.

How Do You Manage Your Money?

TMBA328: How Do You Manage Your Money?
Date: 2016-03-17
Link: Tropical MBA
Tropical MBAWe live in the economy that is driven by spending.
At the end of the day you have to do what is right for your client.
You’re not going to survive the market on your own.
25% of Americans have less than $1,000 saved.
50% of Americans have less than $5,000 saved.
90% of people have less than $100,000 saved.
You need to understand the tax implications of assets.
Every decision you make has a consequence.
You always want to look at the underlying investments to make sure you are not exposing yourself to too much risk.
Long-term this country is poised for incredible growth.
Systematically over time put money away and do it wisely. Have a goal in mind.
The average person spends more time planning their vacation than they do their retirement.