I'm 15...How Do I Create Passive Income? (Hour 3)
Play • 41 min

Investing, Debt, Home Buying, Career

As heard on this episode:

Sign Up for a FREE trial of Ramsey+ TODAY: https://bit.ly/31ricKt 

Tools to get you started: 

Check out more Ramsey Network podcasts: https://bit.ly/2JgzaQR

The Dr. John Delony Show
The Dr. John Delony Show
Ramsey Network
Drug Addiction, Fallout from Bipolar Disorder, & Communication in Marriage
The Dr. John Delony Show is a caller-driven show that offers real people a chance to be heard as they struggle with relationship issues and mental health challenges. John will give you practical advice on how to connect with people, how to take the next right step when you feel frozen, and how to cut through the depression and anxiety that can feel so overwhelming. You are not alone in this battle. You are worth being well—and it starts by focusing on what you can control. Let us know what’s going on by leaving a voicemail at 844.693.3291 or visiting johndelony.com/show. We want to talk to YOU! Show Notes for this Episode * 4:38: My 22-year-old daughter is addicted to meth and homeless. How do I help her? * 20:18: How do you let go of shame and regret when it cost you your husband and children because you were undiagnosed bipolar? * 34:41: How do I listen to my wife without trying to solve her problems? * 47:50: Lyrics of the Day: "The Heart of the Matter" - Don Henley tags: parenting, substance abuse, boundaries, money, bipolar disorder, marriage, guilt/shame, grief, communication, relationships These platforms contain content, including information provided by guests, that is intended for informational and entertainment purposes only. The content is not intended to replace or substitute for any professional medical, counseling, therapeutic, financial, legal, or other advice. The Lampo Group, LLC d/b/a Ramsey Solutions as well as its affiliates and subsidiaries (including their respective employees, agents and representatives) make no representations or warranties concerning the content and expressly disclaim any and all liability concerning the content including any treatment or action taken by any person following the information offered or provided within or through this show. If you have specific concerns or a situation in which you require professional advice, you should consult with an appropriately trained and qualified professional expert and specialist. If you are having a health or mental health emergency, please call 9-1-1 immediately.
50 min
The Art of Manliness
The Art of Manliness
The Art of Manliness
The Humble, Narcissistic Leader
Research, not to mention anecdotal observation, shows that a lot of narcissists end up in leadership positions. That's because the qualities narcissism enlarges into extremes —confidence, assertiveness, a sense of destiny — help people rise to the top. Unfortunately, the same qualities of narcissism that help an individual obtain a leadership position, can prevent them from being effective in that position, and from holding onto it. My guest's research has uncovered what can be a solution to this dilemma: the timeless virtue of humility. His name is Brad Owens, he's a professor of business ethics, and we begin our discussion today by digging into the fact that studies done on the effect of narcissism on leadership have been inconsistent, with some showing it to have a positive effect, and others a negative one. Brad explains that the reason these studies may have been inconclusive, is that while narcissism can get someone into a leadership role, it then gets in the way of them succeeding in that role. We then turn to the idea that cultivating humility can temper the negative effects of narcissism, and the three aspects of humility every leader, whether narcissistic or not, should cultivate. We discuss whether there are situations where you do want to be more narcissistic than humble, what a humble, narcissistic leader looks like, and how Steve Jobs and George Washington serve as examples of this combination of qualities. Get the show notes at aom.is/humblenarcissist. See omnystudio.com/listener for privacy information.
36 min
BiggerPockets Money Podcast
BiggerPockets Money Podcast
BiggerPockets
162: Finance Friday: High Salary - But Nothing to Show For It. Cutting Unnecessary Expenses with Engineer Tracy
As you go further along in your career, you should (hopefully) make more and more money, but does that justify spending more money? Most times, it doesn’t. We’re joined by Tracy, experienced engineer and retirement super saver to go through her budget, expenses, and investment portfolio. Tracy has had a bit of a struggle with spending and expense tracking. A purchase here, some grocery shopping there, and by the time she added up her payments, she was consistently overspending by close to a thousand dollars, every month! Scott and Mindy have some great strategies to limit this type of random spending, and put your budget in the driver’s seat! Tracy is also interested in acquiring a rental property in mid/late 2021, but she doesn’t have the cash savings she needs to do it. That doesn’t mean Tracy lacks money. Quite the contrary, Tracy has a very respectable amount of money stored between her different retirement accounts. She was lucky enough to take advantage of her company’s 15% 401(k) match (seriously, 15%)!  Now the question is: does she limit her contributions so she can save up for a rental property or does she continue to max out her retirement accounts so she has a big cushion when she decides to stop working? This is a very common question we get from listeners and members of the BiggerPockets community. You may be in the exact same position, all we can suggest is to tune in to hear what Mindy and Scott have to say! In This Episode We Cover * Why employee match programs are so valuable for retirement investing * Whether or not you should keep an expensive car loan (or sell and get a cheaper option) * How to fight lifestyle creep and focus on your spending and investing  * The importance of manual expense tracking and budgeting * How bigger shopping runs can minimize your food budget every month * What type of savings you should have before buying a rental property * And So Much More!
1 hr 25 min
BiggerPockets Real Estate Podcast
BiggerPockets Real Estate Podcast
BiggerPockets
434: How HGTV’s Scott McGillivray Started a Real Estate Empire with No Job, No Money, and No Experience (Part 1)
Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows! Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing. While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year. This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals. Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes! If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview! In This Episode We Cover: * When is the best time to get started in real estate? * Why most people are scared to invest, and what pushes them to finally do it * Amassing a small real estate empire even while you’re young * How to take advantage of financing offers and how Scott closed on 8 houses in the same day * Why you need to give your investing career time to start rolling * What a “double offer” is, and how you can use it to beat others to a deal * Why you should take action even when the market is uncertain * The ScottMc Method * And SO much more! Links from the Show * BiggerPockets Forums * BiggerPockets Shirt * BiggerPockets Podcast * Income Property Show * Grant Cardone * Brandon's Guesting in Scott's Podcast Check the full show notes here: http://biggerpockets.com/show434
1 hr 12 min
More episodes
Search
Clear search
Close search
Google apps
Main menu