BigDeal
If I was broke in 2024, here’s exactly what I’d do… (feat. James Altucher)
May 14, 2024
Hedge fund manager and author James Altucher joins the podcast to discuss rebuilding after losing millions and surviving public failure. They cover embracing experimentation, navigating criticism, breaking the cycle of poverty, and choosing kindness. Practical steps to escaping poverty and the path out of brokeville are highlighted, providing insights and strategies for financial recovery.
01:26:04
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Quick takeaways
- Breaking poverty cycle through trade skills like elevator mechanics and power plant operators.
- Understanding the impact of generational wealth transfer on financial planning and overcoming debt.
Deep dives
Breaking the Cycle of Poverty Through Skill Accumulation
One approach to breaking the cycle of poverty is through skill accumulation, specifically in high-demand trade jobs. These jobs, such as elevator mechanics, power plant operators, and radiation therapists, offer salaries ranging from $75,000 to $200,000 per year. By focusing on obtaining a trade skill in these areas, individuals can secure a stable and well-paying career path.
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