How To Make Money.... 7 Hacks That Are PROVEN To Work!
- Dec 30, 2024
- 1:21:17
- Full Episode
2024 has been a year of shocks and surprises, before starting the new year, here is the expert knowledge you need to not just survive but financially thrive in 2025
00:00 Intro 01:42 Investing 101 05:00 Should I Use Investing Apps? 06:41 How to Invest With $100 09:28 Common Mistakes With Investment Accounts 11:15 What's the Proof This Is Actually a Good Way to Build Wealth? 12:35 Compound Interest: Watch Your Money Grow 18:25 The Biggest Debt We Pay 20:32 Find Where Your Skills Are Most Valued 22:51 The Most Valuable Bit of Information You Wish You'd Known Sooner 26:01 Finding Your Unfair Bet That Will Make You Lots of Money 28:05 Applying Your Skills to Get the Most Money 30:35 Example of Ways to Apply Your Skills 34:11 The Importance of Doing Deals 35:29 Where Do We Go to Learn How to Make Deals? 36:18 Playing the Tax Game 37:36 What Are the Tax Games the Rich Are Playing? 40:08 How to Bring Your Tax Down From 40% to 8% 41:27 Leveraging Investments and Tax 42:56 The Importance of Understanding Tax 45:11 Morgan Housel's Capital Allocation Strategy 46:39 How to Get Into the Top 5% of Investors Easily 47:59 Dollar Cost Averaging 48:37 What's an Index Fund? 49:48 How to Build Wealth Like Warren Buffett 51:07 The Importance of Patience 53:03 Play Games Not Many People Can Play 54:40 Don't Do This to Make Money 56:10 The Blockchain 57:45 Investing in the Blockchain 01:00:14 Everyone Is Equal When It Comes to the Blockchain 01:01:54 Crypto Use Cases 01:03:13 If I Own Crypto, How Do the Other Use Cases Benefit Me? 01:04:26 How Do I Invest in Crypto? 01:07:18 The Bank or Government Doesn't Control Any of Your Crypto 01:08:07 How to Get Out of the Living Paycheck-to-Paycheck Cycle 01:09:46 If You See This, You're in the Financial Danger Zone 01:11:01 Pick Your Hard 01:13:49 Understanding The Seasons of Life 01:16:27 Wanting to Look Rich Will Make You Go Broke 01:18:01 Stop Making Emotional Decisions and Start Making Logical Ones
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Brief Summary
Learn essential investing strategies for financial freedom and security in 2025, focusing on automation and education.
Key points
- Investing Simplified. Learn the basics of investing with target date funds for a secure future.
- The Cost of Ignorance. Understanding financial literacy can save you hundreds of thousands over a lifetime.
- Valuing Yourself. It's crucial to find the right audience that values your worth.
- The Power of Leverage. Leverage is the difference between what you put in and what you get out.
- Skills Plus Money Equals Success. Identifying your skills and the right industry can maximize your earning potential.
- Tax Strategies for Wealth. Wealthy individuals often leverage tax strategies to minimize their tax burdens.
Episode highlights
- Investing SimplifiedLearn the basics of investing with target date funds for a secure future.“Investing is boring and automatic; that's how it should be.”5:27Dec 30, 2024
- The Cost of IgnoranceUnderstanding financial literacy can save you hundreds of thousands over a lifetime.“You pay life $950,000 every year for not knowing how to make a million dollars.”18:49Dec 30, 2024
- Valuing YourselfIt's crucial to find the right audience that values your worth.“It's not necessarily who you are but the people that value you the most.”20:31Dec 30, 2024
- The Power of LeverageLeverage is the difference between what you put in and what you get out.“If you have a lot of leverage, you put a little bit in and get a lot out.”23:45Dec 30, 2024
- Skills Plus Money Equals SuccessIdentifying your skills and the right industry can maximize your earning potential.“Skills plus money really equals three things: sector size, profitability, and value of the solution.”29:12Dec 30, 2024
- Tax Strategies for WealthWealthy individuals often leverage tax strategies to minimize their tax burdens.“Tax avoidance is a key skill to building wealth.”36:37Dec 30, 2024
- The Power of Tax StrategyTax advice can drastically change financial outcomes, from bankruptcy to billions.“The variance in outcomes is quite frankly shocking.”43:07Dec 30, 2024
- Endurance in InvestingPatience in investing can lead to greater wealth than trying to pick stocks.“Endurance is largely in your control.”52:04Dec 30, 2024





