In this episode of Fiscally Savage we explore how culture is deeply rooted in our society through things such as homeownership, car ownership and other common things we expected to do as Americans. We will discuss how these things may affect our financial situation and how to break out of that mould and live free.

 

0:00 - 1:15 - Introductions.

1:15 - 2:20 - Setting up today’s topic, The Culture Trap.

2:20 - 2:50 - Cultures are systems.

2:50 - 5:30 - Culture can inform your financial decisions.

6:15 - 9:30 - The Homestead Act of 1862.

9:30 - 11:45 - What is mortgage insurance?

11:50 - 13:00 - The Emergency Home Finance Act.

13:10 - 14:00 - Does Dylan believe in the American dream?

14:00 - 15:30 - The culture of home ownership and economic incentives.

15:30 - 17:00 - Food subsidies and healthcare.

17:00 -  17:40 - All of these things might not be the life you want to live.

17:45 - 19:33 - How do we defeat this?

19:35 - 21:05 - You need to understand the system.

21:10 -  24:00 - How can I make the system serve me?

24:00 - END - Wrap-up & Outros