Overall sold advice, definitely touched on the most important thing which is generate cash flow to use on investing. The only thing I would add to that is that if you own a business or real estate you can never fully get out of the management business. You will always have to manage your employees, contractors, tenants, property managers, portfolio managers, or at least your advisors. If you want to be a totally hands off CEO you will quickly find yourself robbed blind by the advisor you once trusted.
![Naval Ravikant - The 4 BIGGEST TRAPS in Life that You NEED to GET OUT [w/ Charlie Munger]](/img/1.gif)
Are you doing these 3 things?
Timestamps:
0:00 - Intro
0:18 - Know How To Live Below Your Means
0:54 - Increase Cash Flow
1:42 - Quit Pinching Pennies
Thank you for all your videos! I'm still stumped over choosing Heloc or Refi.
Overall sold advice, definitely touched on the most important thing which is generate cash flow to use on investing. The only thing I would add to that is that if you own a business or real estate you can never fully get out of the management business. You will always have to manage your employees, contractors, tenants, property managers, portfolio managers, or at least your advisors. If you want to be a totally hands off CEO you will quickly find yourself robbed blind by the advisor you once trusted.
Excellent advice. TY I will head the warning! 🤗
Glad it was helpful!