InExplicable Thoughts

Episode 42: Work Smarter, Not Harder

Listen Later

On today's episode I sit down with Khalil as we discuss the following topics:

Net worth vs Income

  • Net worth is slightly more important, our generation-is obsessed with multiple streams of income but not increasing net worth

    • Discussing the difference between investing in RE vs stocks at our age.

    • Which is more opportunistic, a better ROI, and why risk is a considerable cause for concern.
    • Focused on dividends and dividend growth companies for a consistent passive income and remain above inflation.

      • Discussing liquidity And Cash flow as a millennial

      • Bank accounts, high yield savings accounts, 401ks, Roth IRA, high growth dividend stocks.

        • Rent to income ratio and how poorly we manage that:

        • You should only be spending 30-35% of your monthly gross (not net) income on rent. Anything higher is a mismanagement of cash flow or relative to high cost cities i.e. NYC, San Fran, Chicago, LA.

          • Top cities we would move to and why

          • Understanding the cost of living adjustment.

            • Discussion on growing your “brand”

            • In your mid 20s is the time to realize the job you do right now is a specific skill set, the demand for that skill set outweighs the supply. Leverage your value in the system, increase your network.

              • Maintaining a consistent workout schedule with you work life and Balancing responsibilities

              • Khalil is currently studying for the CFA level 1 in addition to daily meditation and working out
                • ...more
                View all episodesView all episodes
                Download on the App Store
                InExplicable ThoughtsBy Franklin Eruo
                • 2.9
                • 2.9
                • 2.9
                • 2.9
                • 2.9

                2.9

                34 ratings