MI332: The Financial Freedom Formula w/ Your Friend Andy

Millennial Investing - The Investor’s Podcast Network

Το περιεχόμενο παρέχεται από το Stig Brodersen and The Investor's Podcast Network. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Stig Brodersen and The Investor's Podcast Network ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

2M ago 1:00:15

MP3•Αρχική οθόνη επεισοδίου

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Your Friend Andy to discuss how he worked his way out of significant debt and became a millionaire before his 40th birthday. You’ll learn what steps Andy took to dig himself out of debt, the first money moves he recommends for someone in debt, why it’s never too late to get started, why you need to make asymmetric bets to built wealth, how Bitcoin has been an important part of his portfolio, and much, much more!

Andy is a lifelong entrepreneur, but was never very good with money. At age 29 he had racked up $86k in credit card debt and was living paycheck to paycheck and had no savings or investments. 10 years later, he’s erased the debt and become a millionaire.

For the past 3yrs, he’s been a creator on YouTube. Initially talking mostly about personal finance, but now solidly focused on Bitcoin and passive income.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro.

02:46 - How Andy’s 20’s got him into financial trouble.

05:41 - What authors made the biggest impact on Andy.

08:13 - What are the first money moves he would recommend for someone in debt.

09:37 - What budgeting app he recommends.

12:58 - Why it’s never too late to get started saving and investing.

15:59 - What the 4% rule is.

24:05 - How Andy approaches lifestyle design.

26:31 - How investing gives you optionality.

26:56 - What are asymmetric bets and how they can increase your net worth rapidly.

29:12 - How Andy got into Bitcoin and developed his conviction.

39:05 - How he has handled the volatility of Bitcoin.

49:25 - When and why he got started with bitcoin mining.

51:17 - How Andy got started with YouTube and how he’s monetized his channel.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Recommended Book: I Will Teach You To Be Rich by Ramit Sethi.
Recommended Book: The Total Money Makeover by Dave Ramsey.
Recommended Book: 4 Hour Workweek by Tim Ferriss.
Recommended Book: The Bitcoin Standard by Saifedean Ammous.
Recommended Book: The Creature of Jekyll Island by G. Edward Griffin.
Check out: MI080: To Be a Successful Investor, You Need a Budget w/ Jesse Mecham | YouTube video.
Check out: Passive Bites.
Check out the books mentioned in the podcast here.

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