FIRE

With animal spirits and speculation running rampant on Wall Street (SPACs, bitcoin, meme stocks to name a few), it seemed an ideal time to rebroadcast my conversation with Professor Malkiel, whose 1973 classic, Random Walk Down Wall Street, remains a must-read for investors. Enjoy!

Prof. Burton Malkiel on Random Walk Down Wall Street and the index fund revolution that followed (Classic)

https://www.biggerpockets.com/moneyshow251

Is college worth it? For the first time in history, we may have a definitive answer to whether or not your specific degree and school choice provides a positive ROI. We know that ROI isn’t the only thing that matters when choosing a degree, but when looking at higher education through a financial independence lens, it’s definitely the highest value.

Looking through census, employment, and Department of Education data is number crunching crusader, Preston Cooper. Preston and his team over at The Foundation for Research on Equal Opportunity put together the most extensive research on college degree ROI ever created. Preston’s findings allow you to parse through over 30,000 degrees and school choices so you (or your child) can make the best decision on where to get a bachelor’s degree.

Preston discusses the discrepancies between nonprofit and for-profit university degrees, whether or not high-cost schools equal a higher payday through life, and why even going to Harvard doesn’t secure a high ROI. Want to know the true value of your degree? Tune in and check out Preston’s full study!

BP Money Podcast 251: Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…”

On today’s episode, Tanya Taylor shares the steps she took to build a 7 figure portfolio after growing up in poverty and arriving in the U.S. on her own as a then undocumented immigration. 

MORE ABOUT TANYA
Tanya is a CPA, MBA and financial coach based in New York City and the Founder & CEO of Grow Your Wealth . She helps professionals and small business owners ditch bad debt and create a 6 or 7 figure retirement income by learning how money works, so that they can build a legacy without feeling financially stuck. 

WHAT TANYA DISCUSSED:
1. Her back story on what inspired her to want to achieve wealth despite growing up poor
2. How did you get started on her journey to building a 7-figure portfolio
3. What her 7-figure portfolio consist of today
AND MUCH MORE

HOW TO KEEP UP WITH TANYA
- Facebook: https://www.facebook.com/groups/GroURWealth  
- Website: https://growyourwealth10x.com/about-us/  (You can take her free course on the six steps to building a 6 or 7 figured retirement via her website)
- Linkedin: https://www.linkedin.com/in/tanya-taylor-cpa-mba-2bb5387/  
- Instagram: https://www.instagram.com/growyourwealth10x/  

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223: How Tanya Went From Poverty To A 7 Figure Portfolio

http://biggerpockets.com/moneyshow20

Jim Collins has literally done it all. From busboy, produce, clerk, and gas station attendant, to ad agency founder, sales trainer, radio co-host, and publisher. He is a prolific world traveler, having visited more than 30 countries on five continents via motorcycle, car, train, plane, boat—and even elephant.

Jim has lived a very good life. And along the way, Jim has learned that money is a tool that can offer the freedom to live the life you want to live.

He’s also figured out that there is a very simple path to wealth. While you can make money picking individual stocks, the index fund is a very easy way to grow your wealth in the stock market without spending time researching companies.

This episode truly is the show for anyone who has money or wants to have more.

BiggerPockets Money Podcast | For Those Who Have Money... & Want More

BiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL Collins

Dave Ramsey, finance guru and best selling author of "The Total Money Makeover," joins Ben to discuss his strategies on succeeding at life and business, the pros and cons of college, and the importance of personal responsibility. 

Date: 02-03-2019

Sunday Special Ep 36: Dave Ramsey

On this episode of Speaking of Bitcoin, passions run hot as the hosts dig into the events and significance surrounding Gamestop, Wall Street Bets and the growing sense of outrage as perceptions of lawlessness go mainstream.

“Every market tends to have these effects where the rich gets richer, where wealth accumulates, that’s something that occurs in social systems… it’s a natural outcome of other inequalities that exist, and bitcoin doesn’t fix that,” said educator, author and host Andreas M. Antonopoulos. “But there’s something especially galling about the idea that once wealth inequality has started, that wealth can be used to buy power, that power can be used to buy access, and that power and access can be used to buy impunity.  And when the rules can be changed, not just before or after the fact, but during the trade… When the rules of the market can be changed even against participants who were, in good faith, assuming that the same rules applied to them, that’s particularly galling.  What bitcoin fixes, what decentralized finance fixes is not inequality, what it fixes is that wealth and access and power do not give you the ability to change the rules in the middle of the game. And that, on its own, is revolutionary.”

“I genuinely believe that this is the most transformative financial event of the past decade, since 2009,” opined Jonathan Mohan, “In 2009 everyone learned that America is the country where if you’re too big, you will not be allowed to fail.  Too big to fail means once you’re rich enough, everyone else will suffer so you don’t fail.  There’s a coordinated cabal of people coming together and telling retail “You’re too small to succeed, we’re going to do something, it’s going to be blatant. We’re going to stick our neck 50 paces past the edge of the cliff…. But if you call us out on it because you’re not part of the club, and we lose money because of it… Who are you?  We’re everything.  You’re nothing. You’re too small to succeed.  You don’t get to do that.’ 

And the way the government and these companies respond will let us know if America will go from being a country that said ‘if you’re too big we won’t let you fail’, to being the country that says ‘If you’re too small, we goddamn sure won’t let you succeed.”

Links for Jonathan's anecdote:
* https://www.vocativ.com/326039/how-one-4chan-board-is-trying-to-fight-isis-in-syria/index.html
* https://www.youtube.com/watch?v=KbwUdmHd5MA&feature=youtu.be

* https://www.aljazeera.com/news/2011/5/19/anonymous-and-the-arab-uprisings

Photo by Haley Truong on Unsplash, modified by Speaking of Bitcoin

SOB #452 Gamestop, Wall Street and the Avocado Toast Revolution

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