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Tropical MBA: Entrepreneurship & Founder Lifestyle

Episode 275: TMBA275: How Should an Entrepreneur Invest $50,000?

Tropical MBA: Entrepreneurship & Founder Lifestyle

Dan Andrews; Ian Schoen

Digital Nomad, Business, Ecommerce, Society & Culture, Amazon, Founders, Cash Flow, Places & Travel, Founder, Business Owner, Cashflow, Management, Entrepreneurship, Million, Operator, Operations, Profits, Distributed Team

4.9527 Ratings

🗓️ 1 January 2015

⏱️ 21 minutes

🧾️ Download transcript

Summary

http://www.tropicalmba.com/investing/ Bossman and I have taken the last few weeks off to recharge and prepare for our upcoming Singapore Event. We're back from our short break and ringing in the new year by discussing a question that Marc Cuban asked recently: What should the average investor do with $50,000? We'll dissect some of the ideas he proposed about financial investments, talk about how the location-independent entrepreneur can put them to good use, and explain exactly what makes our upcoming gathering of entrepreneurs such a unique sharing environment.

Transcript

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0:00.0

The question is this.

0:03.1

What have I been doing?

0:04.8

Everybody says to me, hey, you don't do the show anymore.

0:07.3

What do you do?

0:09.0

I'll tell you what I do.

0:10.9

Nothing.

0:15.8

Hey, podcast, listener.

0:17.3

Even if you are alone in your entrepreneurial journey, know that today, right now,

0:21.1

in your earbuds, you are joined by thousands of entrepreneurs from all around the globe,

0:25.8

seeking to grow better, more profitable, location-independent businesses.

0:30.0

If you'd like to learn more about what we do and download our entire back catalog,

0:35.1

check out tropical MBA.com.

0:43.4

Hey, oh, happy Thursday morning. Ian, it's becoming a thing. What will you do in the past two weeks?

0:47.7

Everybody's asking. Absolutely working. That's what I've been doing. It is becoming a thing.

0:53.2

I think we just need to break every once in a while.

0:55.2

And the end of the year seems to be that time of year for us. So sorry, we've been gone so long, Dan. But we're back. My main focus over the last two weeks, Ian, has been thinking about this Singapore event that we're throwing in February. It was your idea, basically, but then you gave all the work to me. Does that sound familiar?

1:11.0

You're like, you know how much work this is going to be? I'm like, well, not really for me, but I've been working hard on it. I've been getting really curious, you know, about questions like Mark Cuban asked in a YouTube video I was watching over the last few weeks. It's called, what should the average investor do with $50,000?

1:32.6

And I thought it would be cool for us to pull some clips out of his rant about.

1:37.1

He's saying buy and hold strategies are a crock of, you know what,

1:41.5

and get the response for what should the entrepreneur do with $50,000.

1:43.0

And I figure you'd be game for it, Ian,

2:01.0

because I know you've been looking into some real estate there in the Austin area. Well, I'm just game to talk about this stuff all the time. I love thinking about this, so let's get into it. And at the end of the episode, if you are interested in wealth, wealth management, I'm going to give some more details on that Singapore event, Ian. And so towards the end of the episode, we'll circle back to that.

...

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