516: Are You an Asset or Liability to Those in Your Life? w/ Earn Your Leisure
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 10 October 2021
⏱️ 73 minutes
🧾️ Download transcript
Summary
Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher.
What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more.
What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down?
In This Episode We Cover:
The importance of spurring on financial literacy for young kids
How to teach your children about money and examples you can use
The role that playing sports had in Rashad and Troy’s lives
Assets over liabilities and why you need to invest in relationship assets as well
Stocks, ETFs, multifamily, and cryptocurrency investments
Staying committed to your goals and following through
And So Much More!
Links from the Show
EYL Episode #63 Money Machine by Earn Your Leisure
Click here to check the full show notes: https://www.biggerpockets.com/show516
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Transcript
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| 0:00.0 | This is the Bigger Pockets Podcast show, 516. |
| 0:04.4 | People think that, you know, based on the things that they see from us, |
| 0:08.2 | we travel, we throw some pretty decent parties, they see us with beautiful women. |
| 0:12.6 | It's like, oh, nothing's got to have it easy, they've had a soul spruin' |
| 0:15.0 | they don't realize, like, how hard we work, like, how many days he's locked himself in the room, |
| 0:19.3 | trying to study for the Series 7, and how many days that I'm going to school that night, |
| 0:23.2 | flowing asleep in a kinesiology class. |
| 0:25.6 | Like, they never saw any of that. |
| 0:26.6 | So it was like, we pretty much earned our freedoms. |
| 0:29.2 | You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small. |
| 0:35.6 | If you're here looking to learn about real estate investing, without all the hype, |
| 0:39.8 | you're in the right place. |
| 0:41.8 | Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com. |
| 0:47.8 | You're home for real estate investing online. |
| 0:50.8 | What's going on everyone? It's Brad and Turner, host of The Bigger Pockets Podcast here with my co-host, |
| 0:56.6 | Mr. David, Leisure Green. What's up, man? You've earned it. |
| 1:00.4 | First time anyone has ever called me that. |
| 1:03.4 | Okay, David, no Leisure Green, but you've also earned that. |
| 1:06.4 | What's up, man? How you doing? |
| 1:07.8 | I'm doing really good. Good weather in California. |
| 1:10.2 | Good time in real estate. Really good conversation we just had. |
| 1:13.6 | I think people are going to really enjoy this episode. |
... |
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