It's Not About The Money

Optionality


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Steve discusses an iPad purchase and its accompanying sheet music adventures. Tyler finds a surprise bank account. An acquaintance buys a house for cheap. 

Having cash available is doubly beneficial--it protects you from unexpected risks and it lets you take advantage of unexpected lucky opportunities. 

  • (00:00) - Esoteric spreadsheets
  • (05:37) - What is optionality?
  • (10:16) - Risk and luck
  • (13:19) - Savings gap
  • (15:33) - Steve buys an iPad for sheet music
  • (19:52) - Tyler squirrels away money so he'll forget about it
  • (21:31) - How do you define financial independence?
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    Links: 

    • The Psychology of Money, by Morgan Housel https://www.goodreads.com/book/show/41881472-the-psychology-of-money 
    • YNAB Rule 2: Embrace Your True Expenses https://www.ynab.com/the-four-rules/#rule-two 


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    Steve Nay: 

    • https://daybreaktax.com/ 
    • https://www.linkedin.com/in/nsteven/ 


    Tyler Smith: 

    • https://www.tylersmith.io/ 
    • https://www.linkedin.com/in/tylersmith-io/ 
    ...more
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    It's Not About The MoneyBy Steve Nay and Tyler Smith