1125: Buy Your Freedom; Rent the Rest by FIRECracker with JLCollinsNH on The Benefits of Renting vs. Buying

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 8 April 2020

⏱️ 9 minutes

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Summary

FIRECracker with JLCollinsNH.com shares why you should buy your freedom and rent the rest. Episode 1125: Buy Your Freedom; Rent the Rest by FIRECracker with JLCollinsNH on The Benefits of Renting vs. Buying Mr. Collins is a senior executive with extensive P&L experience and a proven track record of growing revenue and profitability, integrating acquisitions, launching new products, developing and implementing business plans, creating powerful marketing strategies, building strong customer relationships and building effective teams. He is experienced in a broad range of markets including technology, automotive, investments, design engineering, electronics manufacturing, construction, horticulture and energy. Mr. Collins is also an accomplished consultant, author and speaker. He is retired, but continues to write on his blog. The original posts are located here: https://jlcollinsnh.com/2016/10/21/buy-your-freedom-rent-the-rest/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1125.
0:03.8	Buy your freedom, rent the rest,
0:05.9	by Firecracker with J.L Collins N.com.
0:09.6	And I'm Dan, I'm your host and this is where I read to you from some of the best blogs on personal finance,
0:14.6	and I do that every single day, including weekends and holidays. And we actually have five shows where we do that same format,
0:21.6	but covering different topics.
0:23.2	You can search for optimal living daily wherever you're hearing this to find all five
0:28.0	of our narration style podcasts.
0:30.4	For now, let's get right to today's post as we continue optimizing your life.
0:35.0	Buy your freedom, rent the rest, by Firecracker with J.L Collins N.com
0:46.0	Beware the White Van.
0:48.0	What's the most dangerous thing on the road?
0:51.0	A drag racer, a Humvee, an 18-wheel tractor trailer?
0:55.0	Nope, nope, and nope. The real answer? A white van.
0:59.0	Let me explain. You see, before we became financially independent and retired early to travel the world,
1:05.9	we lived in a tiny remote Canadian town called Toronto.
1:10.4	And even though our car-owning co who spent freely and lavishly told us,
1:15.0	oh, you can't possibly not have a car in Toronto,
1:18.0	and feel free to replace Toronto with most any major North American city, we knew better. In fact, we knew we could ride the
1:25.9	subways and buses or walk to many of our favorite places for a tiny fraction of what it cost
1:31.1	our friends to own a car. So, instead of owning, we joined a car sharing
1:35.1	service called Enterprise Car Share, which lets you sign out cars hourly. The car lot was
	...

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