Silent Killers in Personal Finance

This chapter explores the concept of silent killers in personal finance, discussing habits and behaviors that slowly erode wealth over time. Examples such as overspending, inadequate saving, and unwise investments are discussed, stressing the importance of recognizing and tackling these silent killers to build wealth.

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Robert Leonard chats with Aaron Nannini about ways to wisely manage your money and the importance of having a proper mindset for wealth-building.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:06 - Why behavior and mindset are so important when it comes to money.

04:42 - What value-based spending is and how it can help with balancing the YOLO and future-thinking mindsets.

06:07 - What “keeping up with the Joneses” means and why you shouldn’t do it.

10:57 - How to fight back against lifestyle creep.

12:53 - How to avoid or get out of the paycheck-to-paycheck cycle.

14:16 - What the difference is between bad debt and good debt.

19:04 - How to get out of bad debt and leverage good debt.

22:37 - If one should use or avoid credit cards and how to appropriately use them.

34:08 - What silent killers are in terms of money.

40:54 - What the shocking cost of cars is and the myths of car loans.

48:25 - How to successfully manage money with one’s partner and avoid divorce.

And much, much more!

*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.
Aaron Nannini’s book Cash Uncomplicated.
Thomas Stanley and William Danko’s book The Millionaire Next Door.
Ramit Sethi’s book I Will Teach You To Be Rich.
Erin Lowry’s book Broke Millennial.
George Clason’s book The Richest Man in Babylon.
All of Robert’s favorite books.

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