Optimal Finance Daily - Financial Independence and Money Advice
2572: Utility on Investment by Tynan on Financial Freedom
Jan 1, 2024
Tynan challenges conventional investment wisdom, advocating for a broader view of 'utility on investment.' He shares personal examples like his RV and art collection, emphasizing the significant returns in terms of lifestyle improvements and cost savings. Discover the value of investing in items that improve quality of life, learn about the shutdown of Mint, and understand the challenges of determining the utility of purchases.
10:59
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Quick takeaways
- Investing in experiences and resources that enhance life's quality can lead to higher returns on investment.
- By considering the utility a purchase brings, individuals can find opportunities for higher returns on their investments and decrease mandatory expenses over time.
Deep dives
Investing beyond financial returns
Investing money solely for financial returns is limited. The podcast episode suggests diversifying one's portfolio to earn utility on money. For example, instead of investing in stocks or real estate, investing in an RV provided the host with a worry-free place to live, fixed living costs, and a unique experience. By considering the utility a purchase brings beyond its financial return, individuals can find opportunities for higher returns on their investments.
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