In this episode I discuss the concepts of saving, investing, speculating and gambling. There is a lot of misinformation about these concepts in our society and financial media, but what do they really mean? In our discussion, we find that a lot of people that think they are saving, are not saving but investing unknowingly and possibly even gambling.
It is extremely dangerous not to know the difference between these terms and concepts and really important to know exactly when you put your money in a savings, investment, speculative or gambling vehicle.
Resources:
Share This
Related
733: Vasu Kakarlapudi: The Cashflow Doctor
My guest in this episode is Dr. Vasu Kakarlapudi. Vasu is an entrepreneur who specializes in ear, nose, throat, head & neck surgery, commercial real estate, and personal growth. His passion to pay his knowledge and experience forward led to the formation of Apta Properties – whose mission is to extend those passive income opportunities…
732: Chris Prefontaine: Real Estate In The Trenches
My guest in this episode is Chris Prefontaine. Chris is the best-selling author of Real Estate On Your Terms and The New Rules of Real Estate Investing. A real estate investor with over 28 years experience in the field, Chris is the founder of Smart Real Estate Coach and host of the Smart Real Estate…
731: Mark Podolsky: Land Investing Cashflow
My guest in this episode is Mark Podolsky (a.k.a. The Land Geek). Mark has been buying and selling raw land full-time since 2001. He has completed over 5,500 land deals and his company, Frontier Equity Properties, has an A+ rating with the Better Business Bureau. He is also the author of Dirt Rich, the ultimate…
Connect
