If you are comfortable you are not pushing yourself enough. Jamie Oliver talks about his screw-ups and how failures are humbling for him.

Graham and Erik discuss the importance of failing and Jamie's approach to use 10% of his budget to fail. Erik failed a lot after his first business succeeded wildly and he sees is as failing forward after a big success, it is just part of the statistics.

In the end what you say no to is more important than what you say yes to.

Graham discusses an article that explains why stock markets crash in October and why we prefer properties over stocks.

We explain why properties are less susceptible to markets crashing. Obviously this is because properties are income generating. Also we discuss trends and why you should not bail out immediately when the markets crash.

Lastly we discusss the principle of leverage which you get when investing in properties and borrow a significant part of your investment amount.

Joe Rogan says: "The most important thing I have ever done is to surround myself with the people that I love"

We are discussing the influence people you surround yourself with have on your life, your results and your happiness. Is it oke to leave people or meetings where you don't feel it is contributing to what you want to do with your lfie. One step further would be to break a friendship to protect yourself.

We discuss pensions and how to make sure you can pay for your old age. In the UK 3 million savers only have a 50/50 chance of not receiving their expected pension. What can you do to not fall into this trap.

source: https://www.bbc.com/news/business-41412498

Gary Vaynerchuck says "Working hard is the cost of entry to anything". Gary is the showcase of the hustle culture but he says that "not many of us are willing to pay the price" to do the work, execute and be successful.

Erik & Graham are discussing this to see whether this is true or not. Also we discuss the difference between Entrepreneur and Wantrepreneur. Starting is more important than getting it perfect. Gary says “Look in the rear view mirror, everything is up to you”

78% of NFL players and 60% of NBA players file for bankruptcy within the first five years of retirement. This has to do with lack of financial literacy and an environment that stimulates excessive spending. once the income dries up the lifestyle stays and they run into financial problems. We specificly look at Mike Tyson and Arnold Schwarzenegger.

Source: https://sportschew.com/purchase-mistakes-made-by-athletes/

We are learning and interpreting one of the greats David Bowie

"Never play to the gallery, never work for other people, always remember that the reason you initially started working was that there was something inside yourself that you felt that if you could manifest it in someway you would understand more about yourself and how you coexist with the rest of society.

If you feel safe in the area that you are working in you are not working in the right area. Always go a little further into the water than you feel capable of being in. Go a little bit out of your depth and if when you don't feel your feet are quite touching the bottom you're just about in the right place to do something exciting.

Source: https://www.youtube.com/watch?v=cNbnef_eXBM

Robert Kiyosaki author of Rich Dad, Poor Dad talks about how we raise our kids to be financially illiterate. There is a difference between schooling and education. Schooling teaches us skills and mindset if we're lucky but most subjects kids study nowadays are completely irrelevant. Kiyosaki thinks you learn more from monopoly than from school.

Graham and Erik are talking about Goal setting discussing an Inc magazine article saying "there are 100 days left in 2017 have you achieved your goals yet".

We are both not very disciplined at goal setting. Erik needs to get excited about the things he wants to do to be able to execute. Most of our goals are in our head and we are not structuring them. Graham uses images to visualize where he wants to go in life, Erik also does this but irregularly.

Source: https://www.inc.com/bill-murphy-jr/there-are-100-days-left-in-2017-heres-how-to-achieve-your-most-important-goal-before-year-ends.html

We are at very low interest rates now and therefore it becomes even more interesting to get into property investing. Dan Peña is saying if you can't make it happen now you should swallow a revolver. In property investing it is always important to test your assumptions and assume things will get worse going forward.