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The GaryVee Audio Experience
Smart Things You Can Do With Your Money
Sep 26, 2024
Dan Fleyshman, a thought leader in financial education, discusses how to change our perspectives on money. He emphasizes the importance of saving but highlights innovative ways to invest, even with limited capital. Fleyshman shares insights on strategic content creation for social media and how it relates to personal investments. They also touch on the emotional connections we form through experiences like garage sailing and the significance of openness in estate planning discussions. Plus, learn how to leverage tools like ChatGPT for financial education!
26:38
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Quick takeaways
- Investors should focus on familiar industries and consider T-bills for stable returns while managing risk effectively.
- Flipping items from thrift stores can be a practical way to generate income, fostering important skills for financial growth.
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Smart Investment Strategies
Investing in T-bills is recommended for those unsure about where to allocate their money, offering a stable return without the risks associated with being held in a bank account. For more knowledgeable investors, focusing on dividend-paying stocks and real estate can be beneficial options. Real estate has historically generated significant wealth for many, although personal interest can vary greatly among investors. The key is to invest in familiar industries or companies, as understanding what one invests in is crucial to long-term success.
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Listen to the best highlights from the podcasts you love and dive into the full episode