2036: Patience is the Ultimate Passive Income by Chris

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 19 September 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris of Keep Thrifty talks about the value of patience when it comes to making money Episode 2036: Patience is the Ultimate Passive Income by Chris Chris and Jaime live in the suburbs of Madison, WI with their three daughters. While living the typical suburban life, they are challenging the norms by living outside the box and creating the freedom they desire. At Keep Thrifty, they share their journey and bring you inspiration and tools to help you create your freedom. They’ve got articles and success stories to help inspire you to think differently about your dreams and your finances. They’ve also created a money tracking app to help you take control of your finances and make those dreams a reality. The original post is located here: https://www.keepthrifty.com/patience-passive-income/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 2036.
0:04.0	Patience is the ultimate passive income.
0:07.0	By Chris, of Keepthrifty.com.
0:10.0	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.0	We're going to get right to today's post as we optimize your life.
0:22.0	Patience is the ultimate passive income.
0:25.0	By Chris, of Keepthrifty.com.
0:29.0	Patience is a virtue, but it's more than that.
0:32.0	It's an incredible source of passive income.
0:35.0	Okay, maybe not income in the traditional sense, but at the end of the day,
0:39.0	Patience leaves you with extra money in your bank account for doing absolutely nothing.
0:45.0	Every generation needs an anthem.
0:47.0	But I'm afraid if our shopping behavior is any indication, our anthem isn't a flattering one.
0:53.0	Quote, I want it all, I want it all, I want it all, and I want it now.
0:58.0	Queen, we're so focused on getting what we want right away
1:03.0	that we misunderstand how much our impatience is costing us
1:07.0	and what we could earn by exercising our patience instead.
1:11.0	Let's look at an example.
1:13.0	How Patience can save you big bucks on technology.
1:18.0	What happens every time Apple releases a new phone?
1:21.0	There's always a segment of the population that chooses to wait in a line overnight
1:27.0	for the privilege of buying that phone at the highest price it will ever be sold at.
	...

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