Having an Arbitrage Mindset Changes Everything #392
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 4 August 2021
⏱️ 54 minutes
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Summary
Dick Fosbury changed the sport of high jumping forever the first time he jumped backward over the bar. Until then, every competitor had launched themselves into the air going forward, belly over the bar. I’m not sure the last time you watched a high jumping event, but now every high jumper uses Dick’s technique. He essentially exploited a flaw in the high jumping world that no-one else was paying attention to. In a way that’s basically what arbitrage is when it comes to our personal finances- it’s about thinking creatively about the different financial hurdles in our lives. It’s about challenging the assumptions we’re faced with. We’ll cover some very clear forms of arbitrage that you might already be implementing, some problems with arbitrage, and then how you can begin developing more of an arbitrage mindset today.
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Transcript
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| 1:32.6 | Welcome to Had a Money. I'm Joel and I am Matt and today we're discussing how having an |
| 1:37.3 | Arbitrage mindset changes everything. |
| 1:57.9 | So I cannot help but to think of sabotage every time I hear the word Arbitrage. |
| 2:03.0 | I'm trying to do it. |
| 2:08.4 | I did. I had the airplane CD with the airplane on the front. |
| 2:11.3 | Okay. So it made me think of so we were just talking about before we hit record you're |
| 2:15.3 | talking about visiting Dollywood. You went to Dollywood with some family up in Tennessee |
... |
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