What's up y'all. Episode 59.
We had our badass guest Osman Arain (Portfolio Manager / Wealth Manager) break it down for us. Yeah, this dude don't play around. Dartmouth and Columbia credits. Hard working dude. Very smart and can articulate really well. Lancey Joe and I fire questions and have some fun with him.
Our assistant producer also came in with some crazy stories about lying his way into a job where he eventually got found out and kicked out.
Millennials! Y'all don't use wealth managers enough. And Osman is saying you should. It will benefit you to have someone else (emotionally detached from your money) to be watching it.
Did millennials suffer psychologically from the 2008 crisis? Yes, they did. Are these challenges insurmountable? No. Osman believes you can get past them and he breaks down how. He also talked about how to avoid permanently losing some of your money that's invested. Make sure you listen in and get some of that wisdom from him.
And finally, he's like, yo, everyone ends up with a big opportunity at some point in their life. A windfall of a big amount of cash in some way- whether it's a raise/promotion, you move to a different city that's cheaper, or inheritance. What do you do with that when it comes? You want to be prepared.
Sit back, relax and enjoy the episode.
Peace.
SHOWNOTES
01:40- What is a portfolio manager? And why are they important?
08:40- Jaded and JUUL-ed millennials
11:00- Osman on millennial clients
13:30- The educational system is a disaster- is college worth it?
17:10- Who shouldn't go to college?
20:40- When is it time to hire a financial adviser?
23:47- The benefit of an emotionally detached investor
25:10- Big Mistakes: Permanent destruction of capital & living above your means
32:17- Our assistant producer lied his way into the kitchen
35:18- What to do with your money and how to accumulate wealth
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