The ThinkWealthy Podcast: Recent Episodes
Dovid Preil
So what can go wrong with the pref? Well let me count the ways. 1...2... that's it. There are primarily two ways to mess up with the pref.
This is starting to get confusing. So I get back my money, and the pref, and my profit? Shut up and take my money!!
Preferred Returns. It's like returns, but more preferable. Oh, we did that one already. Snap.
Capital Stack recipe: A pinch of equity, a bit of Real Estate and a healthy dollop of debt.
You've heard about it. You've seen people post about it. You've wondered what it is. Now, come learn: What in the world is a cap rate?
Here's a masterclass in the most misunderstood metric in all of real estate. Well, expect for maybe the MIRR. And the XIRR...
In these five minutes we'll cover all you need to know to vet a deal. Well, not really, but we'll give you a really solid outline.
In this corner, we have REITS. All capital letters and imposing. And in the opposite corner we have syndications. Not quite as impressive on the surface but let's see if he has any surprises.
Want to know the best kept secret about options? Do you? Listen in. All will be revealed.
This is an important one. If you are only going to listen to one thought ever, this is the one. I know, I've said this before. But they're both super important.
You know us well. We can't end a conversation without a thought on how to practically apply what we've been talking about. It's just who we are.
How many kinds of bonds are there? One, two, three, fou.. no. Just three. So we'll keep it short.
If you're still listening at this point you should feel proud. 50 thoughts. (Well, 48 and two brainstorms, but who's counting.) Congratulations on coming this far. Your investment portfolio will one day sing your praises.
The name is … no this is stupid and overplayed. Let's just talk about bonds with some stupid James Bond joke.
Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund. Never buy a mutual fund!
Yeah, we're back to candlesticks. But this time, their going to help us make some money.
Them Averages they be moving. Simple tools to get a better understanding of the general market trend.
Time for our second indicator. And a deeper understanding of all that we're talking about.
Well, you made it. Finally we're going to learn our first technical indicator. Let's go!
Technical analysis. Sounds scary. Like Distributed Microsystems. Or Reverted Egotranslic. Okay, I made that last one up. But Technical analysis is not really that hard, even if it may take time to master. Let's dive in.
Welcome to the wonderful world of soothsaying, future telling and technical trading. In the coming thoughts, we are going to demystify stock trading and share the tools you need to start on your own journey. Disclaimer: Fortune-telling not covered.
Not all strategies are good ones. Take dollar cost averaging. Sounds sophisticated. But don't do it. You may feel smart, but you'll make less money.
What is the greatest risk in investing in the stock market? No, I'm not going to tell you here. It's in the thought.
The Grand Finale: In this thought, we wrap up the whole discussion on risk and reward and show you several examples of how to think about risk across your entire portfolio.
Reward is easy to understand, but how do we approach risk? How can we measure it? That's what this thought is all about.
The goal in investing is not to make the most money possible. It's to give yourself the best chance at growing your money in a safe but highly profitable manner. Seems obvious. I guess it is.
The investment world is made up of four natural types of investments. Facebook, Amazon, Google and Netflix. No. Sorry. That's something else. It's really more like Apple, Verizon, Notes and shorts.
Balance is so important in life. That is why, we need to find balance in our portfolio. It will also help reduce risk and increase our profit. Not to shabby for a financial principle which sounds like it was invented by a Budhist monk.
Diversification is easy. Just spread around the money to spread around the risk, right? Well, sure. But how does it really work?
This is one of my favourite topics. What are opportunities? Where are they hiding? Why do they matter?
Should I focus on acquiring skills or making money today? Should I pursue our dreams or pick a practical career? All will be revealed in this thought.
This is an important one. If you are only going to listen to one thought ever, this is the one. Mind over matter. Intellect over emotion. Live the life you choose.
Ramit Sethi has made a lot of money telling others how to get rich, but do his ideas stack up? Spoiler: they may work, but his approach is not ThinkWealthy-level living.
So you know what you're spending every month and you income should be enough but you still seem to be short. What went wrong? Surprise(!) Expenses. In this thought we explore the four most common types of surprise expenses (hint: they're not really surprises) and how to budget for them.
Even wonder how not to think about budgeting (hint: you may be doing it already)? This thoughts for you.
So we've talked about the nice fluffy philosophy of budgeting. But how do I actually do it?!? In this thought we walk through how to figure out what you spend and what you need.
Budgeting actually is a nine letter word. Like 'beautiful', 'necessary' and 'difficult'.
To borrow or not to borrow, that is the question. While some like to go to extremes, ThinkWealthy is all about the middle road (at least when it comes to picking your debt.
Time to get started on hitting those financial goals. Here's what to focus on when starting to work.
College or work? Dividend stocks or Growth stocks? Salaried work or start your own business? In this thought, we discuss finding the right balance between short term needs and long term gains.
How much money do you want to make? $1,000,000? $5,000,000? How about $5,000? Ready for a fundamental paradigm shift in thinking about wealth?
So you think keeping money in the bank is safer than in Real Estate or the Stock Market? What about inflation? "What's inflation?" you ask. And how bad can it really get? Well, let me tell you the story of a little currency called the New Zimbabwe Dollar...
Why would a Government devalue their own currency? How often does this happen? In our second and final thought on the (abridged) history of money, we discuss all this.
We all like to have money. But what exactly is money? Join us as we explore the (abridged) history of money and gain a greater understanding into your own bank account and investing.
We are joined today by Sol Rosenbaum. When talking to an engineer, one expects to hear about various technical skills that one used to boost their career. I was quite surprised when Sol pinpointed public speaking as an invaluable skill in his advancement.
We are joined today by the one and only Joel Wolh. Joel has built a successful Amazon Marketing company called Boutique Sellers and is now in building a new business networking platform called Bizfluence. You can join here: https://bit.ly/BF-ref . In this brainstorm, Joel shares with us two items that he views as critical to his success and how to achieve them: 1) A Deep Understanding of Your Strengths. 2) Modern Applications.
Have you ever thought that you could be so much more efficient if only your apps could share information automatically? Well, they can! Learn how to save time and money with API Integrations.
In this thought we discuss how I've leveled up my career, and life, though Social Media, and you can to.
In this thought I mention a new platform called Bizfluence. You can sign up here to check it out here: https://bit.ly/BF-ref
Ever wonder why some words draw you in while others just fall flat? Welcome to the world of copywriting. Even if you aren't going to be a copywriter, this skill is highly valuable for any professional, and the basics don't take long to learn.
In this thought, we learn about the many superpowers knowing how to program unlocks and how to start yourself on the path to unlocking these gifts.
In this thought we go deep into what sales is and how learning how to sell will not just help you make money but improve your life in pretty much every which way.
Leveling up is not just about making bank on payday. In this thought, we explore how to become the expert we want to be and the opportunities this opens up.
In this thought, we explore some possible missions and ways that you can go about to find YOUR mission.
In this inaugural thought, we go over the nine steps I use to advance my career and build multiple streams of income.