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Optimal Finance Daily - Financial Independence and Money Advice

2987: If More People Did Money Like They Play Monopoly, They’d Be A Lot Better Off by Barney of The Escape Artist

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 29 December 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2987: Barney from TheEscapeArtist.me draws an insightful parallel between winning at Monopoly and managing personal finances effectively. By focusing on strategic investments, avoiding distractions, and playing the long game, individuals can set themselves up for financial success. The message is clear: adopting a Monopoly mindset buying assets, avoiding debt traps, and holding investments can dramatically improve one's financial well-being. Read along with the original article(s) here: https://theescapeartist.me/2023/12/09/if-more-people-did-money-like-they-play-monopoly-theyd-be-a-lot-better-off/ Quotes to ponder: "Imagine playing Monopoly and never buying assets or investments that generate income. This is how most people live their life." "You already know how to win at Monopoly. But you only really know it if you do it." "Get rich slowly, get started quickly." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:36.1

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0:41.3

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0:48.4

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0:55.7

invest unless you're prepared to lose all the money you invest. This is a high-risk investment,

0:58.3

and you should not expect to be protected if something goes wrong. This is optimal finance daily.

1:03.2

If more people did money like they play Monopoly, they'd be a lot better off. By Barney of the

1:09.7

escape artist.me.

1:12.8

Quote, imagine playing monopoly and never buying assets or investments that generate income.

1:19.6

Imagine you just went around collecting $200, giving your money to the rich and trying to stay out of jail.

1:27.1

This is how most people live their life.

1:30.1

David Henning

1:30.9

Nobody ever went to Monopoly Business School,

...

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