Episode 104: TMBA 104 (LBP94) – 6 Financial Secrets of Lifestyle Business Ballers
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 15 March 2012
⏱️ 38 minutes
🧾️ Download transcript
Summary
Even though Dan & Ian’s travel adventures in the Philippines are winding down for now, they’ll be back.
The folks they’ve been able to hang out with the past few weeks are straight ballin’, entrepreneurs and business owners with at least six figures kicking around in an account or five. Whether they’re hobnobbing with the Vice President of the Philippines or dirt biking through the jungle, they’ve been absorbing all the advice these guys have to offer.
It isn’t all yachts and big payout investments though.
In this episode learn the 6 Financial Secrets that Dan & Ian have gathered from their conversations and observations. Things like:
How To Handle Your Mindset Like a Poker Player
Avoiding Itchy Feet and “I Finally Have Money” Euphoria
Having a Solid Fall Back Position
Supply, Demand, and Running Out of Stock
What Should You Borrow Against?
Dinari, Florida Swampland, and Other “No-Fail” Investments
Transcript
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| 0:00.0 | Hey, podcast listener, even if you are alone in your entrepreneurial pursuit, know that today, right now in your earbuds, you are joined by thousands of entrepreneurs all around the globe, seeking to do the same thing you are. |
| 0:17.8 | If you want to know more about this program or this podcast or want to get barraged |
| 0:22.1 | by a lot of annoying pop-ups, check out our website, lifestyle businesspodcast.com. |
| 0:32.3 | Yeah, buddy, it's Thursday morning, and that means time for the lifestyle business podcast. |
| 0:37.0 | We believe building a business is the ideal way to create more freedom and opportunity for you, |
| 0:40.9 | your family and those around you, those around me, on the Skype. |
| 0:44.7 | In It to Win It is my co-host, the man who would make a fine addition to any F1 pit crew. |
| 0:50.6 | I mean, the other day we were walking out of, we were out of the bars here |
| 0:55.6 | in the Philippines, come out to the car and flat tire on the side of the highway. And you |
| 1:02.0 | just went into, like you just looked like you came right off of Michael Schumacher's pit team. |
| 1:06.6 | I mean, it was like four minutes until you had a new tire on that thing. |
| 1:12.9 | It's actually, it's fun for me, man. |
| 1:14.1 | I timed myself doing it. |
| 1:15.9 | I've changed so many flat tires before. |
| 1:19.9 | But let me tell the story of how we got a flat tire. |
| 1:21.1 | This is pretty genius. |
| 1:26.7 | And in my days of being a kid, I wish I would have known this. |
| 1:28.9 | And actually, you know, I might use this sometime even as an adult, but I definitely would have done it for fun as a kid. So what these kids did |
| 1:36.0 | was this. They took a tire cap, you know, the valve stem cap that goes on the valve stem, the little |
| 1:42.0 | plastic cap. And what they did was they put a little rock in there. And if you've looked close at a tire valve stem, there's like this little pin in the center of it. And if you depress that pin, that's how you let air out and let air in. So essentially what they did was they put a little rock in this tire cap. And then they screwed the cap back on. so it let out all the air in the tire. |
| 2:01.9 | And the cool thing about that is that you don't have to sit there and let the air out |
| 2:05.6 | of the tire with your finger. |
... |
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