There are really only two games in life: finite and infinite.

People who focus on quick wins, short-term gains, and success at all costs play finite games. They swear by start and finish lines and insist on there being winners and losers.

If you want to lay an excellent foundation for your life, finite games won't cut it. You need to play infinite games instead.

In this episode, Dylan discusses finite and infinite games, the importance of knowing which one we're playing, and how we can apply the infinite game mindset to different aspects of our lives.

Show Highlights

• [03:20] What is a finite game?

• [04:41] The problem with playing finite games

• [06:49] Other examples of finite games

• [12:39] Infinite games defined

• [15:55] Example of playing an infinite game in a relationship

• [19:19] The importance of having a "just cause" when playing infinite games

• [21:56] Money as an infinite game

Links and Resources

🟢 Alex Hormozi on YouTube → Youtube.com/c/alexhormozi

🟢 "The Infinite Game" by Simon Sinek → SimonSinek.com/books/the-infinite-game

🟢 "Finite and Infinite Games" by James Carse → SimonAndSchuster.com/books/Finite-and-Infinite-Games/James-Carse/9781476731711

🟢 Joshua Weissman on YouTube → Youtube.com/c/JoshuaWeissman

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

The Securities and Exchange Commission (SEC) is cracking down once again on crypto exchanges. Early last week, the SEC took aim at Binance and Coinbase — two of the most powerful forces in the world of cryptocurrencies — for allegedly breaching its rules.

In this episode, Dylan unpacks the cases against Binance and Coinbase and what their outcome could mean for the crypto sector.

Show Highlights

• [01:42] A recap of why the crypto exchange FTX went bankrupt

• [04:26] Whether crypto passes the Howey Test

• [08:21] What it means to trade

• [12:46] Why the SEC is suing Coinbase and Binance

• [14:49] The similarities between FTX and Binance

• [16:31] What is Binance's Sigma Chain?

• [20:45] What is happening to Coinbase and Binance now?

• [22:59] On the SEC's apparent hostility to cryptocurrencies in general

• [25:37] Why forcing crypto exchanges into the regulatory framework might not be a good idea

Links and Resources

🟢 Thank You to Patrick Boyle (Youtube.com/@PBoyle) and Richard Coffin (Youtube.com/@ThePlainBagel) for their excellent work on this topic!

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

We've all faced financial setbacks in one way or another. A bad investment, an unexpected bill, a business venture that didn't go according to plan — these financial hiccups can leave even the best of us feeling discouraged and unsure of how to move forward.

That's where After-Action Review (AAR) comes in. The AAR was originally developed by the US Army as a structured way to learn quickly from soldiers' experiences in the field. But the AAR is also a powerful tool that can help us recover from financial setbacks and turn them into stepping stones for future success.

In this episode, Dylan walks you through the AAR process, illustrating its potential with his own financial setback. Stick around to learn how you can leverage this tool to transform financial losses into valuable lessons.

Show Highlights

• [04:34] The importance of the grieving process

• [11:26] What is an After-Action Review (AAR)?

• [14:03] Step one of an AAR

• [16:48] Step two of an AAR

• [18:21] Step three of an AAR

• [21:09] Step four of an AAR

• [22:15] Applying an AAR to a divorce

Links and Resources

🟢 Check out Duey Freeman's website → DueyFreeman.org

🟢 Listen to The UNcivilized Podcast with Traver Boehm → ManUNcivilized.com/blog

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

Dylan's back for another "Ask Me Anything" episode, answering Instagram follower-submitted questions about economic systems, dividend stocks, and money conversations as they pertain to relationships.

Show Highlights

• [01:20] What is Ayn Rand's Objectivism?

• [07:37] Similarities between Objectivism and the Austrian school of economics

• [10:24] Differences between Objectivism and the Austrian school of economics

• [12:36] Whether an economic system with little to no government intervention can be implemented in the real world effectively

• [15:02] Whether you should buy a house now or wait

• [17:31] Dividend stocks: the good and the bad

• [20:47] Whether dividend stocks are good passive income investments

• [23:44] How couples should discuss money

• [27:39] How early in the dating stage should you discuss money

Links and Resources

🟢 Vikings and Muses Podcast → tinyurl.com/vikingsandmusespodcast

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

Navigating the emotional rollercoaster of any loss is one of the most difficult things you have to deal with. Financial losses are no exception.

The loss of a large amount of money can have a traumatic effect, particularly if the financial loss impacts life milestones like the purchase of a home or paying for your child's education. You may feel there's no coming back from the loss and, in turn, do things that worsen the situation.

The good news is there are ways you can recover from a financial blow and safeguard against losses in the future. In this episode, we discuss the importance of understanding your risk tolerance, financial market volatility, and tips for handling your losses.

Show Highlights

• [02:41] The importance of understanding the game you're playing

• [06:36] The price of admission to play the game at all

• [07:34] The best thing to do when you're in the savings stage of your financial life

• [11:14] Netflix as a case study

• [19:23] Five tips on how to handle loss

Links and Resources

🟢 Just Keep Buying by Nick Maggiulli → tinyurl.com/justkeepbuying

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

English economist and philosopher John Maynard Keynes is largely considered to be the father of modern macroeconomics. His ideas in the early 1900s have had a huge impact on both economic theory as a whole and the economic policies of governments worldwide.

In the second part of this three-part series, we discuss Keynesian economics, starting with a refresher on the classical and Austrian schools of economics. We also unpack how he diverged from his contemporaries, the key ideas in his revolutionary book "The General Theory of Employment, Interest and Money," why Keynesian economics remains largely relevant today, and more.

Show Highlights

• [02:01] Recap of classical economics

• [03:54] Recap of the Austrian school of economics

• [08:07] The context in which John Maynard Keynes found himself in

• [13:39] How Keynes' economic and educational background shaped his key ideas

• [17:38] Why Keynes differed from his Austrian contemporaries

• [21:26] The key ideas of Keynes' book "The General Theory of Employment, Interest and Money"

• [26:14] Richard Kahn and his contributions to Keynesianism

• [31:05] Joan Robinson on monopsony

• [32:53] Other notable disciples of Keynes and their works

• [35:57] The pros of Keynesianism

• [41:38] The cons of Keynesianism

• [44:46] Why Keynesianism remains relevant today

Links and Resources

🟢 Schools of Economic Thought Part 1: The Classical Economists → shorturl.at/esTYZ

🟢 Schools of Economic Thought Part 2: The Austrian Economists → shorturl.at/rBKM1

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

Books Mentioned

🟢 The General Theory of Employment, Interest and Money by John Maynard Keynes

🟢 The Relation of Home Investment to Unemployment by Richard Kahn

🟢 The Economics of Imperfect Competition by Joan Robinson

🟢 Mr. Keynes and the "Classics"; A Suggested Interpretation by John Hicks

🟢 Stabilizing an Unstable Economy by Hyman Minsky

Budgeting is one of the best tools you have to take control of your money, achieve your financial goals, and set yourself up for success. Unfortunately, it's not always a given. Many people avoid discussions about budgeting at all costs, mostly because they don't know where to start. Do they need to save money? Can they even save money? Should they invest it instead?

In today's episode, Dylan breaks down the three stages of a personal finance journey — income, saving, and investing — to help you take stock of your financial situation.

Show Highlights

• [06:29] The three stages of your personal finance journey

• [07:33] The income stage and what it entails

• [11:09] How income and expenses interact

• [13:19] The best way to grow your income

• [14:17] The savings stage and what it entails

• [19:32] The investment stage and why many people don't reach it

Links and Resources

🟢 The Storm Before the Storm: The Beginning of the End of the Roman Republic by Mike Duncan → tinyurl.com/thestormbeforethestorm

🟢 Hero of Two Worlds: The Marquis de Lafayette in the Age of Revolution by Mike Duncan → tinyurl.com/herooftwoworlds

🟢 The Simple Path to Wealth by JL Collins → tinyurl.com/fiscallysavage-pathtowealth

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

Memorial Day wasn't always about long weekend road trips, backyard barbecues, or sales. The real meaning of this national holiday is more somber.

In this episode, Dylan talks about the origins of Memorial Day and what this holiday means — and should really mean — for Americans.

Show Highlights

• [02:58] Why Memorial Day was originally known as Decoration Day

• [04:07] The origins of Memorial Day

• [08:52] The first large observance of Decoration Day

• [10:27] When and how Memorial Day became a federal holiday

• [13:14] The financial impact of Memorial Day across the country

• [16:14] How we should actually commemorate Memorial Day

Links and Resources

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

Once you've figured out what to invest in, you may be wondering how to get started. If you're like most people, you'll probably hire a financial advisor. But that's not the only option.

In this episode, we discuss the three ways you can go about investing and the pros and cons of each.

Show Highlights

• [03:23] The pros of hiring a financial advisor

• [08:54] The cons of hiring a financial advisor

• [16:01] How you can do it yourself when it comes to investing

• [18:56] The pros of DIY index funds

• [21:02] The cons of DIY index funds

• [24:08] Hiring a financial advisor vs. DIY index funds

• [28:01] The third way you can go about investing

Links and Resources

🟢 Investing Basics: Bonds, Stocks, Mutual Funds, and ETFS → tinyurl.com/s01ep65

🟢 401(k) vs. 403(b) vs. IRA: Which Is Better for Retirement → tinyurl.com/s01ep63

🟢 The Simple Path to Wealth by JL Collins → tinyurl.com/fiscallysavage-pathtowealth

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage

As humans, we all have different needs, and our actions are always influenced by those needs. This idea lies at the heart of what we'd come to know as the Austrian school of economics.

Unlike the classical economists from last week's episode, Austrian economists like Carl Menger believed that value is completely subjective; that a product's value is based on its ability to satisfy human wants; and that if a product exists in abundance, it will be used in less-important ways.

In the second part of this three-part series, we take a look at the Austrian school of economics, the historical conditions in which it arose, its key ideas, and more.

Show Highlights

• [04:13] Recap of classical economics

• [07:02] The context in which Austrian economist Carl Menger found himself in

• [09:43] The first foundational idea of the Austrian school of economics

• [11:21] The second foundational idea of the Austrian school of economics

• [16:36] The third foundational idea of the Austrian school of economics

• [24:17] The fourth foundational idea of the Austrian school of economics

• [25:29] The fifth foundational idea of the Austrian school of economics

• [30:23] Praxeology: the methodology of Austrian economics

• [35:39] Criticisms of the Austrian school of economics

• [44:38] The relevance of the Austrian school of economics today

Links and Resources

🟢 Schools of Economic Thought Part 1: The Classical Economists → tinyurl.com/s01ep66

🟢 Vikings and Muses Podcast → tinyurl.com/vikingsandmusespodcast

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage