thebusinessholics

In this segment, we discuss game theory and the whole concept behind it. In a Yale University lecture a couple years back, the professor set up an experiment where he put two individuals on the opposite side of each room with one sponge each. The game was simple: hit your opponent with your sponge. If you did not decide to throw the sponge, you would have to take one step forward which would increase your opponent’s chances of winning the game. As the two players took steps forward, one finally decided to throw the sponge and missed. The other opponent was easily keep taking steps forward and win the game. Game theory is the thought process that goes behind whether to throw the sponge or not. Watch this episode as we analyze other research study phenomena!!

In this episode, we discuss entrepreneurship and the many options people our age can choose from. Abby, an aspiring entrepreneur from Canada discusses her story. This summer, she held a summer camp just by herself charging $100 a week from all attendees. Having over 50 attendees, she has made thousands of dollars this summary alone. In addition, she has multiple vending machines where she hauls in hundreds of dollars of profit each week. What's amazing about this is that she's actually been able to convince storeowners to allow her to put her vending machine right next to their shop for free! Many of her vending machines are at outlets where hundreds to thousands of people shop each day. Listen to this fun and entertaining 30 minute segment to learn more!

With famous top 100 podcaster and former national motocross racer Robert Leonard, we discuss his story of getting into real estate by accident. On his first day of college, his dad told him that once he graduated, he would have to start paying him rent to live at his house. He thought this was pretty fair... but wondered if there was a way around paying this rent. So... he decided to buy a house instead. Everyone thought he was crazy... his dad hadn't bought his first house until he was in his 40's and here Robert was, a first generation college student who was planning to that at 22. Three and a half years later, he bought the house and decided to rent it out. He realized that he was basically living there for free... a first real life experience in the amazing world of house hacking. Listen to this episode to learn more about his entertaining story and how he became the extraordinary man he is today!

With guest speaker Ryan Singh, we discuss the personal growth journey we've all had over the past couple of years and how COVID really served as a "quarantine revelation". What it gave us was a time to reevaluate our lives and realize that we could get 1% better each day. For many, it was an experimentation period, as the beginning stages of anything always are. We dig deep into the study of success and how it will always be exponential, and never linear. Many see success as a straight line, or something where if you put in the work for 1,2,3, even 4 months straight, you will see results. But success is never like that. Like an exponential graph, it stays at the bottom until it reaches a halfway point, where it will then shoot up. The habits, the mindset, and just this entertaining segment on how far the little things in life go will be uncovered on this comedic and motivational episode. Listen to this episode for some brilliant discussion!

With guest speaker Jim Chuong, we discuss his story and how he was able to break from the traditional path of life to skip to the end of the line. A lot of people will follow the route of going to school, getting a college education, and then getting a job. But Mr. Chuong did something different. He decided to learn about money instead and now he's a financially free self-made multi millionaire. Jim Chuong is a social media influencer who has nearly 200,000 followers on tiktok where he serves as an advocate of learning about money and helping others become financially free, just like he did. In one of our most entertaining episodes yet, we uncover big business schemes, demand and supply, and how famous figures of the top 1% have gotten where they are today. Listen to this episode to hear his amazing story and his take on how persuasion is one of the most key skills to have in life! Hope you enjoy!

With the founders of Youth for Business, we discuss different careers in an intense and entertaining debate. In this episode, one of the careers we debate is oceanography. There are trade offs to every single decision people make in life. So let's say for example, someone has a passion for oceanography, and they want to pursue it as a career. Is passion more important than financial stability? So let's say they do pursue it as a career. The opportunity cost of pursuing a career in oceanography is financial stability, but what you gain is being able to do something that you love for a living. Let's say, using the same person, they decide to pursue a career in a more lucrative field that isn't their passion. The opportunity cost of this decision is not doing something they love, but what you gain is financial stability that you can use to support a family. What's more important; passion or stability? Listen to this episode to find out!

With author of "Roadmap to Financial Literacy" and the founder of the Empowering Economics nonprofit organization, Armiita Hosseini, we discuss psychology's impact on the everyday consumer's financial decisions. In her book, she's highlighted key concepts and the strategies of how people have made smart financial decisions and the mindset they've used. This is one of our most entertaining episodes yet, so hope you enjoy!

Through their organization, they provided the girls the opportunity to explore the field of business. In hopes to inspire other young girls, they write about the many fields encompassed in business and motivate them to find their own niche. This episode will discuss their experiences and what life is like as a female in the business world. Hope you enjoy!

With guest speaker Georgiy AKA @funancialism, we discuss growing wealth, stocks, and the importance of investing. Georgiy is a behavior analyst/rapper who advocates for financial literacy through his creative social media content. He has an incredible background and is set to retire in 10 years because of how great of an investor he is. He is a UCLA alumni with different courses, a YouTube channel, and two songs called "Lazyboy" and "To the Moon!" He is a firm believer in investing no matter what, even if you are in a tough financial situation. According to Giorgiy, there is always a reason not to invest. If someone were to lose their job, they would obviously be discouraged to invest because they would be looking at long term growth. However, that mentality of "always investing" which is what people think will take them farther away from financial security is what actually gets them there. Listen to OUR BEST EPISODE YET for more!

In this episode, we discuss the ins and outs of freelancing. There will be talk of salary, why people turn to freelancing, and how revolutionary it has become in the job world. Many people who do freelance jobs are those who are talented and want to be their own boss. They want to make their own schedules and work on their own terms. Jonny is a photographer who shoots music videos for rising singers and Josh is a twitch streamer. There is a misconception of low salaries, no security, and not knowing what the next step is, which is why many people don't freelance. However, this is not true! Listen to Episode 16, The Art of Freelancing to learn more!