These Financial Rules Were Made to Be Broken #416
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 29 September 2021
⏱️ 59 minutes
🧾️ Download transcript
Summary
Do you know anybody who’s never broken the speed limit? Even just a single person- in your entire life?! And if you’re being honest you’re less likely to treat it as a speed limit, and more like a speed minimum. We think we should be going at least that fast, if not more! For better or worse the speed limit is one of those rules in life that consistently is not followed. We break that rule because we believe we can still drive safely, even while exceeding the speed limit. Well the same is true with our personal finances and the money moves that we make. There are a lot of financial rules out there that many believe must never be broken or even challenged, while we believe a certain amount of liberty can be taken. It’s not that we believe that the rules should be done away with altogether- they’re important rules of thumb and reference points that we should definitely pay attention to, especially early on in our financial journey. But as you gain more knowledge and experience there are some financial rules that were made to be broken. Listen as we cover some of those rules as well as why it’s ok to be a conscientious objector!
During this episode we enjoyed an Indefinite Staycation by Dogfish Head- thanks Ryan for donating this one to the show! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
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Transcript
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| 0:00.0 | Hey there, I'm David Novak. I ran Taco Bell KFC in Pizza and like you, I'm always learning |
| 0:06.2 | so that I can be the best leader I can be. That's why I started How Leaders League. The |
| 0:11.0 | first leader-deleter podcast was CEOs from Adobe, Pepsi and the Home Depot so you can learn |
| 0:17.2 | how they get it done. In fact, I just did an episode with Gail Troberman, the president |
| 0:22.4 | and CMO of I Heart. Listen to our entire conversation on How Leaders |
| 0:26.6 | Lead with David Novak, available on the I Heart Radio app or wherever you listen to podcasts. |
| 0:35.7 | Want to say I don't know less? Listen to stuff you should know more. Join host Josh and Chuck |
| 0:42.3 | on the podcast packed with fascinating discussions about science, history, pop culture and more. |
| 0:48.0 | Episodes dive into topics like, was the lost city of Atlantis real? And how does pizza work? |
| 0:53.8 | Say goodbye to I don't know because after listening to stuff you should know, you will. |
| 0:59.1 | Listen to stuff you should know on the I Heart Radio app, Apple podcasts or wherever you get your |
| 1:04.8 | podcasts. Happy Holidays. My podcast on I Heart has brought me together with friends both old and new. |
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| 1:32.6 | Welcome to Hadamuni. I'm Joel and I am Matt and today we are explaining why these financial |
| 1:38.3 | rules were made to be broken. |
| 1:57.9 | So Joel as you said that it made me realize that this is an episode that I don't want listeners |
| 2:02.7 | to listen to if they have never listened to our show before because we're not putting |
| 2:06.6 | this episode under the start here section. No, exactly. Yeah, this is like a 2000 level class |
| 2:11.0 | at your local university. We want to make sure that folks have truly like a foundation of |
| 2:16.4 | a foundation of knowledge when it comes to personal finances because in this episode we're |
... |
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