The GaryVee Audio Experience Do you REALLY understand Money? | Money Mondays
Oct 25, 2023
Explore why financial literacy is crucial in America and uncover smart money management strategies. Learn practical tips, from safe investments like T-bills to community-driven opportunities like flipping items. Discover the journey from small beginnings to building wealth and the importance of self-awareness in personal investment choices. Dive into the evolving landscape of social media and the role of creativity in marketing. Finally, reflect on the intertwined nature of wealth, generosity, and the lessons we pass on to the next generation.
AI Snips
Chapters
Transcript
Episode notes
Investing Basics
- If you have a lump sum and don't know how to invest, consider T-bills for a low-risk return.
- Explore dividend-paying stocks or real estate if you're more knowledgeable.
Flipping for Beginners
- Start a flipping business by buying items from flea markets, garage sales, or online marketplaces.
- Sell these items on platforms like eBay for a profit, especially if you have limited capital.
Flipping Anecdote
- Gary Vaynerchuk shares how flipping can be a fun and profitable activity.
- He recounts stories of people finding valuable items like rare CDs and making significant profits.