Breakaway Wealth Podcast

The Human Problem- Part 1 w/ Nick Kosko


Listen Later

In this episode, Jim Oliver and Nick Kosko discuss:

  • The continued and ongoing relevance of Becoming Your Own Banker by R. Nelson Nash. 
  • Expenses expand to equal our income
  • Willie Sutton's law- Wherever wealth is accumulated, someone will try to steal it
  • The IRS takes your money to give to the Treasury to pay to the Federal Reserve for all the money they're borrowing

 

Key Takeaways:

  • We need to overcome Parkinson's Law to succeed
  • If you can overcome Parkinson's Law, you will win by default, and you don't need to do it alone
  • What we consider "necessities" change as we have more resources available
  • "Do it yourself" retirement plans don't work
  • You can't abolish your student loan debt in bankruptcy

 

"Work expands to meet the time envelope allowed." —  C. Northcote Parkinson, Parkinsons Law and Other Studies in Administration

 

Book Link: Becoming Your Own Banker- Nelson Nash

Free Copy: CreateTailwind.com

 

Connect with Jim and Nick:

Facebook: CreateTailwind & Jim Oliver

Website: CreateTailwind.com

YouTube: createtailwind.com

LinkedIn: Jim Oliver

  

Show notes by Podcastologist: Chelsea Taylor-Sturkie

 

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

...more
View all episodesView all episodes
Download on the App Store

Breakaway Wealth PodcastBy CreateTailwind

  • 5
  • 5
  • 5
  • 5
  • 5

5

49 ratings


More shows like Breakaway Wealth Podcast

View all
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

707 Listeners

Money Ripples Podcast by Money Ripples Podcast

Money Ripples Podcast

136 Listeners

The Art of Passive Income by Mark Podolsky

The Art of Passive Income

686 Listeners

The Prosperity Podcast by Kim D. H. Butler and Spencer Shaw

The Prosperity Podcast

96 Listeners

Kwik Brain with Jim Kwik by Jim Kwik, Your Brain Coach, Founder www.KwikLearning.com

Kwik Brain with Jim Kwik

4,836 Listeners

Not Your Average Financial Podcast™ by Not Your Average Financial Podcast™

Not Your Average Financial Podcast™

123 Listeners

The Wealth Without Wall Street Podcast by By Russ Morgan & Joey Muré

The Wealth Without Wall Street Podcast

271 Listeners

BetterWealth with Caleb Guilliams by BetterWealth Media

BetterWealth with Caleb Guilliams

248 Listeners

Banking With Life Podcast by James Neathery

Banking With Life Podcast

76 Listeners

The Lifestyle Investor - Investing, Passive Income, Wealth by Justin Donald

The Lifestyle Investor - Investing, Passive Income, Wealth

291 Listeners

The Infinite Wealth Podcast by Infinite Wealth Consultants

The Infinite Wealth Podcast

55 Listeners

Morning Wire by The Daily Wire

Morning Wire

26,667 Listeners

Wealth Strategy Secrets of the Ultra Wealthy Podcast by Dave Wolcott

Wealth Strategy Secrets of the Ultra Wealthy Podcast

98 Listeners

The Money Multiplier Podcast by The Money Multiplier

The Money Multiplier Podcast

28 Listeners

Wealth Warehouse by The IBC Guys via Podcast Principles

Wealth Warehouse

121 Listeners