11: Advice for 17-24 Year Olds on Money, College, Credit and Finances
By Sam Marks / Johnny FD
In this episode we provide key solutions from leveraging debt and how to use credit, owning stock, real estate, the purpose of college, the benefit of traveling and most importantly why you should start your very own business. We also discuss the importance of experience and how using an internship and mentor can allow you to learn and network properly to more effectively invest and launch a successful business for yourself today. Relevant links for guest: Boss Lounge Contact Us Where are we: Johnny FD – Berlin Germany Sam -Singapore Recommended (books, subscriptions): Brian Jimmerman For Ex Trading – ILAB 03 Kevin shee REITS – ILAB 07 Robert Kiyosaki – Rich Dad Poor Dad & Cashflow Quadrant MJ DeMarco – Millionaire Fast Lane George S. Clason – Richest Man in Babylon Tony Robbins – Master Money the Game Discussed (relevant links): $25 Amazon Gift Card Contest Time Stamp – Topic: 01:00 – Learning financial mistakes from our parents 05:55 – Opening a bank secure credit card at 17 10:30 – Leveraging debt and credit usage 15:18 – Introduction to money and income 17:45 – Tips on investing in real estate 21:50 – Learning expense reports and P&L management 26:00 – Tony Robbins Master the Game review 29:10 – Biggest first investment mistakes 31:50 – Owning Disney stock 36:00 – How we would reinvest $10k at 17 years old 38:00 – Investing in yourself is the greatest investment 43:00 – The value of college internships & mentors 53:00 – Getting arrested 4 times in college 57:50 – Why should you start your business today 1:03:00 – Traveling the world with a purpose 1:06:00 – Earn an income while living your passion If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here! Copyright 2016. All rights reserved. Read our disclaimer here.