Episode #570
How the Rich Get Richer
February 21, 2018

In episode #570, Eric and Neil discuss how the rich get richer. Tune in to hear in which businesses you should be investing in.

TIME-STAMPED SHOW NOTES:

  • [00:27] Today’s Topic: How the Rich Get Richer
  • [00:37] The way Neil makes more money is that he “invests in what he knows”.
  • [00:53] He invests in his business and its marketing.
  • [01:08] If you invest in yourself, you’ll get the highest ROI.
  • [01:15] Neil has lost the most money investing in things he didn’t really understand.
  • [01:48] Warren Buffett says the best investment you can make is in yourself.
  • [01:55] There are two ways to invest in yourself: knowledge and your business.
  • [02:15] When you invest in yourself, no one can take that away from you.
  • [02:59] Once you build a business, you’re able to see your goals more clearly and see that you should invest in yourself.
  • [03:50] Neil was doing a wire transfer the other day and the banker tried to pitch him on investments.
  • [04:20] The perfect response to this kind of pitch is to tell them you don’t believe in investing.
  • [05:08] Eric and Neil regret investing in long-shot, but great-sounding opportunities.
  • [06:04] That’s all for today!
  • [06:07] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

Leave some feedback:

  • What should we talk about next? Please let us know in the comments below.
  • Did you enjoy this episode? If so, please leave a short review.

Connect with us:

Discover Latest Episodes

Episode
You Have Been Thinking About AI The Wrong Way – You’re Missing the Big Picture #2470
June 01, 2023

In episode #2470, we explain why you’ve been thinking about AI the wrong way, and how you should approach it instead! While using AI for content creation is an incredible advancement, it still requi...

Episode
How We Optimize Our Travel For Maximum Output #2469
May 31, 2023

In episode #2469, we talk about how we optimize our travel for maximum output. Conferences and travel go hand in hand and we’ve figured out a few ways to ease the journey and curb jetlag. Tune in to...

Episode
My Favorite Marketing Hack When Speaking at Conferences #2468
May 30, 2023

In episode #2468, we break down our favorite marketing hack when speaking at conferences. We’ve been on the circuit for a few weeks and want to share our approach to marketing at events. Speaking, t...