Episode 8: Money Mastermind (Part Two)
First published
06/25/2021
Genres:
society
personal
journals
Listen to this episode
Summary
In life, we struggle to find meaning and purpose as it feels like we are going nowhere and chasing a shiny object after another. This is why we created the "Pursuing Our Own Paths" Podcast to document our journey as two individuals who decided to go away from the conventional path. James being an ex-high paying engineer at a well-known US firm to becoming an esports personality and entrepreneur. Ervin going from a normal student to failing two businesses and finally succeeding in his third business - freelance copywriting. In part two of the Money Mastermind series, we talk about one of the most controversial topics when it comes to your finances - debts. Many times, we hear from our family and friends that debt is always bad and we should always aim to be debt-free. In that case, why do billionaires and the rich encourage others to take on debt? Find out in this series to understand the difference between good and bad debt. *WARNING: We are not financial advisors and this is not professional financial advice. We are just sharing what we are doing and how it has helped us to become better at managing our personal finances* We will mainly be discussing: 1) When it comes to debts, people always try their best to stay away from it especially when it comes to credit card debts. However, before we understand whether debts can be good or bad, we need to understand the difference between assets and liabilities. (Most people get this wrong. For example, you might have heard that your house is considered an asset. Here's why Robert Kiyosaki says otherwise) 2) One of the most popular investments is in real estate. In fact, ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined! Find out the right way to invest in real estate here. (06:00) 3) The secret behind Macdonald's hidden business model. (Here's a hint: They are not in the hamburger and french fries business, they are actually in the ____ business) 4) When it comes to spending money on good food and luxury products, many people tend to discourage you from going overboard on things like fancy restaurants and Rolex watches. Here's why Ervin actually disagrees with this point and doesn't compromise when it comes to good food even though he is considered "thrifty" by many. 5) One of the most popular sayings in Singapore Ervin heard while growing up is "Work hard for 40 years and only enjoy at the end when you retire. It's about the end, not the journey." Here's why James disagrees with this and it is actually necessary to reward yourself to be in peak performance all the time. 6) When it comes to spending money, you shouldn't measure it by the transaction size but on the R.O.I. instead. For example, even though Ervin doesn't spend much money on things, he doesn't hesitate when he finds an opportunity to invest in himself and in business. (He just spent $2,000 on a virtual event for copywriters) 7) Why every entrepreneur should aspire to have a relationship with this entity. (No, it's not your spouse or family) And of course, other valuable learning points that are covered in this episode... Connect with Ervin here: Facebook: https://www.facebook.com/kaizencopywriting/ Subscribe to the Freelance Copywriter Lifestyle Newsletter: https://kaizencopywriter.com/ Connect with James here: Twitter: https://twitter.com/ELolwr?s=08 Facebook: https://www.facebook.com/jlgsoon
Duration
27 minutes
Parent Podcast
Pursuing Our Own Paths
View PodcastSimilar Episodes
Information Security Careers (Part 2)
Release Date: 11/10/2020
Description: Part two of our Information Security Careers podcast series. Our panel of experts share their paths to their first infosec jobs and provide advice for pursuing a career in the field.
Explicit: No
Path For Potential Podcast Trailer
Release Date: 08/02/2022
Description: The first steps towards pursuing a passion, chasing a great idea, or making that dream job a reality can often feel like the hardest. Hosted by Johanna Basford and Mark Beaumont, The Path for Potential podcast takes successful entrepreneurs back to the early stages of their careers to uncover the experiences and decisions that led them down their path. Each episode offers fresh insights into why our diverse collection of interesting guests made their career paths their own.
Explicit: No
Millennial Recession(s) Experience (Education)
Release Date: 10/20/2022
Description: My experiences with 2 separate recessions resulting in pursuing better paying job paths.
Explicit: No
Episode 61: Navigating our own spiritual paths (part 1)
Release Date: 07/09/2017
Authors: Sarah Beth Hunt, Clay Lowe
Description: This week Clay and Sarah discuss why we embark on a spiritual journey and reflect on their own journeys up to this point. From magick and mysticism to eastern philosophy, Native American wisdom and Celtic paganism to yoga and Buddhism we've collectively been through it all. Come listen in and hear what we've tried to take from each of these wisdom traditions.
Explicit: No
Similar Podcasts
This I BelieveCreative Writing #204
Release Date: 04/29/2021
Authors: myla griffin
Description: power of pursuing our own personal legends
Explicit: No
OUR PATHS
Release Date: 09/22/2021
Authors: Jesse Obremski
Description: Welcome!--OUR PATHS Podcasts presents internationally acclaimed artists as well as curates RTRTs (Real Talk Round Tables) with Gibney Company discussing integral aspects of our arts field through the lens of WHY and empathy cultivation.--OUR PATHS, founded and directed by Jesse Obremski, believes in and celebrates a world where WHY is at the forefront of how we see each other, ourselves, and our global community. By highlighting and opening spaces for artists, OUR PATHS brings forth conversations that showcase WHYs as a platform to cultivate deepened understanding and cultivating empathy.
Explicit: No
this is what we are about
Release Date: 04/10/2021
Authors: weareabout
Description: "We are prophets of a future not our own." Pursuing justice. Cultivating community. Considering questions.
Explicit: No
Her Story of Success
Release Date: 08/12/2020
Authors: Leah Glover Hayes
Description: At Her Story of Success, we know that no two paths are alike. Join us as we interview influential women trailblazers, entrepreneurs, artists and business leaders who share their stories of defining and pursuing success in hopes of inspiring you along your own journey.
Explicit: No
Unbox
Release Date: 09/05/2020
Authors: Ratik Sharma
Description: A podcast about Indians pursuing unconventional careers paths, not letting society box them up in the status-quo.Note: Episodes can be heard in any order!
Explicit: No
Emergent Resilience: Paths to Healing & Creative Power
Release Date: 03/22/2022
Authors: Rachel Hardy
Description: Exploring nervous system healing and paths to our own power. The links between creativity and healing. Unearthing the resilience in our body-minds, and claiming our inner authority, connection, and deep knowing. Somatic astrology.
Explicit: No
Radically Different
Release Date: 03/28/2021
Authors: Sam Kern
Description: Stories of young people around the world pursuing lifestyles and career paths that break from the norm. Hosted and produced from the road by Sam Kern. Follow Radically Different on Instagram @radicallydifferentpodcast
Explicit: No
The Eagle Eye Podcast
Release Date: 06/17/2021
Authors: Emory Career Center
Description: The Eagle Eye Podcast is a student-lead podcast that provides Emory students with insight, strategies, and perspectives on pursuing different career paths and making the most of their time at Emory.
Explicit: No
Views Our Own
Release Date: 04/27/2021
Authors: Views Our Own
Description: Welcome to Views Our Own, a young journalism podcast discussing all aspects of the media industry - from different types of journalism, to careers, experiences and industry issues. We also highlight talented new writers in our New Voices series. Follow us here and on Twitter and Instagram @ViewsOurOwn for updates on episodes and a chance to be involved!Your hosts: Sophie Kiderlin (@skiderlin) and Mischa Alexander (@alex_mischa42)
Explicit: No
Our Own Life
Release Date: 04/30/2021
Authors: Keerthana
Description: The way we make our self happy.Only way to smile without any other means.
Explicit: No
Our Own Elysium
Release Date: 07/31/2021
Authors: Our Own Elysium
Description: Welcome to the Our Own Elysium Podcast. Your host Ellyse is a Reiki Healer, NLP Practitioner, fledgling Psychic, and student of Astro-Herbalism with the belief that God gave us everything we need from the Zodiac to Healing Herbs so that we, The Collective, can manifest the New Earth. Right here. Right now. Together.Have a question or topic you'd like me to explore? Send your message to elysiumpodcastmail@gmail.comDisclaimer: This podcast is not to be used to diagnose, treat, or otherwise prevent any illness or disease.
Explicit: No