Your free trial offer expires soon Join Now
Episode #
Why the Easiest Way to Go Broke is By Acting Rich #1772
June 21, 2021

In episode #1772, we talk about why acting rich is the easiest way to go broke! There is a difference between being wealthy, and being rich, and we explore what that means in terms of sustainability and financial safety. Ideally you do not want to be living beyond your means to impress others, so listen in to hear a few tips for some better lifestyle choices!

TIME-STAMPED SHOW NOTES:

[00:25] Today’s topic: Why the Easiest Way to Go Broke is By Acting Rich.

[00:29] What does it mean to ‘act rich’? The difference between being wealthy and being rich.

[01:16] Making sure your income is greater than your expenses and making space for saving.

[02:15] Adding unnecessary stresses onto your life in order to compete with others.

[02:55] The importance of making sure you have a margin of financial safety.

[03:28] Focus on a comfortable and sustainable life rather than other people’s opinions.

[04:09] That’s it for today!

[04:12] Go to marketingschool.io/live to meet Eric and Neil in person! 

 

Links Mentioned in Today’s Episode:

 

Charlie Munger

Warren Buffett

 

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
How Neil & Eric Would Grow Their YouTube Channels In A Perfect World #1814
August 02, 2021

In episode #1814, Neil and Eric talk about their experiences with YouTube and share the ways they could improve and grow. Eric’s main point is around doubling down on one topic while Neil feels he c...

Episode
Conferences Are Coming Back. Here’s How To Make The Most Of Them #1813
August 01, 2021

In episode #1813, we talk about our strategies for making the most out of conferences. While the content from conferences themselves is valuable, the networking and business opportunities they bring t...

Episode
Why So Few People Finish Courses (And How to Make Yours Pop) #1812
July 31, 2021

In episode #1812, Neil and Eric talk about why most people don’t finish courses. Trying to get someone to be engaged during an online course is not easy, which is why you have to go the extra mile t...