280: Assets vs. Liabilities
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 5 October 2023
⏱️ 39 minutes
🧾️ Download transcript
Summary
After seeing a video online featuring rapper The Game, Johnny and Derek discuss what many assume to be assets, actually turn into liabilities. They talk real estate, cars, clothing, jewelry collectibles and more.... you might be surprised at what items are actually liabilities!
Discussed:
Where we are:
- ILAB Patreon
Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss
Sponsor:
Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss
Time Stamp:
-
-
- 02:51 - The Game Clip on His Net Worth
- 09:15 - Is Your Home an Asset?
- 17:40 - What's a Bust Down Rolex?
- 24:23 - Is Your Car an Asset?
-
If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.
Copyright 2023. All rights reserved. Read our disclaimer here.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Invest Like a Boss podcast. |
| 0:02.7 | I'm Sam Marks. |
| 0:03.6 | I'm Derek Sparts. |
| 0:04.7 | And I'm Johnny FD. |
| 0:05.7 | We're self-made entrepreneurs who invest our own money and use modern technology to invest |
| 0:09.3 | like a boss. |
| 0:10.2 | Join us each week for exclusive interviews with our network of modern investors, business |
| 0:13.8 | owners and multimillionaires to discover new ways to invest our hard-earned cash. |
| 0:20.3 | Hey bosses and welcome to episode 280. |
| 0:23.2 | I'm the Invest Like a Boss podcast. |
| 0:25.3 | I'm in Kiwi Crane. |
| 0:26.6 | Derek is in his Malibu podcast studio. |
| 0:30.7 | Hopefully it's going to be there for a while. |
| 0:32.3 | I hope so. |
| 0:33.2 | I'm leaving for a couple weeks and I hope it's still here when I get back. |
| 0:37.3 | Although things not related to the podcast have been happening here. So I don't know. It's been weird. LA, we've had a hurricane. We had an earthquake on the same day. And who knows what's next? How is it looking there in Ukraine? You know, it's actually a little bit safer here so far. So we see uh how it goes yeah totally well i'm on my |
| 0:56.1 | way down under to australia uh it's gonna be fun i'm gonna run the uh sydney marathon this weekend |
| 1:01.5 | so as uh as this show airs i think i'll be there and then i'll be doing a couple i lab interviews |
| 1:07.3 | while i'm down there as well well that's pretty insane i hope you didn't put that on the ILab expense account. Only part of it. I have a nice new pair of shoes to run with. Thanks, |
| 1:17.2 | John. Well, we'll treat you to one four and 20 meat pie while you're down there. Sounds like a deal. |
| 1:22.4 | Speaking of deals, today's episode is all about assets versus liabilities. You'll be surprised how many people don't realize what the actual difference is. |
| 1:31.3 | A lot of people confuse the two. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.