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Money Guy Show
4 Financial Risks That Are Worth Taking!
Nov 10, 2023
This podcast explores four financial risks worth taking that can accelerate your financial journey and lead to wealth building. The topics discussed include the potential high returns of investing in education, exploring alternative career options, the risks and rewards of starting a business, planning for failure in entrepreneurship and real estate, understanding risks in investing, and the benefits of investing in low-cost index funds for wealth building.
40:37
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Quick takeaways
- Investing in education can lead to long-term financial success by earning higher salaries.
- Starting a business offers the potential for financial freedom, increased income, and personal satisfaction with proper planning and adaptability.
Deep dives
Investing in Education: A Risk Worth Taking
Investing in education is risky due to the high costs involved and potential opportunity costs. However, the long-term return on investment (ROI) can be substantial. By putting money towards education, individuals can potentially earn higher salaries and achieve financial success in the future. It is important to choose a degree or skill set aligned with job prospects and potential earnings, while also considering the costs and borrowing wisely to minimize student loan debt.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode