A LIST OF MY FAVORITE PODCASTS

1. ”The Voluntary Life.”

The host is Jake. He left the rat race after selling a business and resides in London.  

Let me summarise a couple of his episodes.

Episode 397-” How Do You Know You Can Live From Your Investments?” 

He spoke on the topic of the four percent withdrawal rate for most financially independent individuals, but he also stresses you shouldn’t focus on that figure. He added how you could live with the fluctuations of your portfolio and adjust your lifestyle accordingly without stress.

I agree with Jake. There’s no certainty with a four percent rule to live on without not working forever because you have to take into consideration inflation. I say manage your expenses instead by putting all your hard earn money in 401k, but move the lovely cash into real estate where you have more control to match inflation overtime.  

Once the property has no debt balance, you can use the equity and purchase another property that matches inflationary dollars or pounds. We have more power over the financial system if we act with patience and strategy.  

Jake states if anything happened, he could return to the world of work. He makes a joke about a beach, but it’s not his style. In short, he never stops working. 

Again, I agree with Jake. He states, ”focus on other money earning things that are exciting and do what you want to do. For me, financial independence is writing my novels and imparting to the lives of others.

In episode 394, Jake’s topic is ”Four More Life-Changing Ideas.”

I tuned into ”Quiet Wealth.”   

He mentioned Dr. Thomas Stanley wrote ”The Millionaire Next Door Series.” For me, when reading Dr. Stanley’s books, I focused on a particular story. It stood out. The writing on the topic was one of the most intriguing gems he wrote.  

There’s a saying it only takes one sentence, one line to change a life. The topic or story gave me a different perspective. He described a woman without many details, but it was an insight many overlooked. The woman who brought light to his book maintained her wealthy status by living in an area that was not wealthy. None of her neighbors knew she was materially rich and treated her as apart of the neighbor family.  

The story stimulated my interest so much, I’ve read all the books. I’m glad Jake spoke on the idea of ”Quiet Wealth.” For me, you can never judge a book by its cover.

2.

”Afford Anything-Ask Paula.”

Paula’s voice is like a storyteller. She is so overwhelming pleasing when listening. You can sense every gesture and enthusiasm in what she does introduces by leaving a semi-detailed message on their financial issues. While still doing your homework, her answers can save the caller money, the time when dealing with an estate broker or banker. 

3.

”His and Her Money.”

 The episode entitled, ”How Getting Fired Prompted Kiara To Pay off Her Student Loan debt,” showed how by any favored method necessary can eliminate your debt without much sweat. Her debt was $62,000. Unfortunately, while away on vacation, her employer released her, and she sued. The case dragged on for two years, but in the midst of it was settled. She paid off the debt with the settlement.