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Ep 298: The Naked Truth about Personal Finance

Ep 298: The Naked Truth about Personal Finance

FromAsk Altucher


Ep 298: The Naked Truth about Personal Finance

FromAsk Altucher

ratings:
Length:
15 minutes
Released:
Jun 24, 2015
Format:
Podcast episode

Description

James 13-year-old daughter explains to him today that the safest way to make money is to get a job with a steady salary.
As you can imagine, James disagrees.
He says DON'T focus on a salary. If you have a salary you can still get fired at any time, plus you're taxed at the highest rate possible.
When you're working for a salary the value you're bringing to your company is often two or three times what they're paying you. Your boss has to take a piece, his boss needs to take a piece, and so on up the ladder.
Salary is a fancy phase for "We're about to steal two-thirds of your value."
Try to get at least seven sources of income and don't invest your money with banks or brokerages companies.
They are not your friends.
Instead, invest in yourself.
Listen to hear how James sees the future.
Regards,
David Newman
P.S. James says there are seven huge trends that will shape America. Understanding these trends before anyone else will give you a huge advantage in work, life, and investing.
Click here to learn more about James' great ideas
 
P.P.S. Here is YOUR CHANCE to WINJames Altucher's favorite books from The James Altucher Show podcast.
 
This giveaway includes more than 30 hard-copy books, written by some of the most successful entrepreneurs, marketers, celebrities, and all-around "choose yourself"-ers.
 
Released:
Jun 24, 2015
Format:
Podcast episode

Titles in the series (100)

Hi I'm James Altucher host of The James Altucher Show. I've been a successful entrepreneur, investor, board member, and the writer of 11 books including the recent WSJ Bestseller, "Choose Yourself!" (foreword by Dick Costolo, CEO of Twitter). I've started and sold several companies for eight figure exits, sit on the board of a billion revenue company, I've written for The Financial Times, The New York Observer, and over a dozen popular websites for the past 15 years. I've run several hedge funds, venture capital funds, and I'm a successful angel investor in technology, energy, and biotech. I've also lost all my money, made it back, lost it, made it back several times and openly discusses how I did it. That's why I've decided to do another podcast. AskAltucher is my brand new Daily Podcast. Ask me anything, business, investing, self-help, entrepreneurship, publishing, fitness, money, relationships, startups, breakups and so much more.