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Michael Kitces: Investing in Stocks vs. Skills [GREATEST HITS WEEK]
Apr 17, 2024
Financial advisor Michael Kitces joins the podcast to discuss whether to invest in oneself or the market, exploring the benefits of developing skills, side hustles, and education for long-term income potential. They also cover maximizing human capital, balancing career advancement with side hustles, managing major expenses, and navigating lifestyle creep for financial independence.
01:06:41
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Quick takeaways
- Balance investments in human and financial capital for maximum growth potential.
- Strategically assess primary career and side hustle prospects to optimize income streams.
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Investing in Human Capital vs. Financial Capital
The podcast episode emphasizes the importance of investing in human capital alongside financial capital. It highlights that human capital, representing one's ability to generate income from working, is a valuable asset that can be enhanced through personal development. By contrasting financial and human capital, the episode stresses the significance of balancing investments in oneself and market assets like stocks and bonds to maximize earning potential.
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Discover
highlights
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