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Listen "Ep 4: Newton's 3L: Every action has an equal and opposite reaction in personal finance: home ownership, college savings, small business ownership, and "keeping up with the Joneses""
Episode Synopsis
In episode #4 of The Big Bo $how, Big Bo (a.k.a. Jason Blumstein, CFA) reviews how Newton's 3rd Law at times plays out in our personal finances. Additional topics Discussed:- NFL Salary Cap constraints and how its affecting the offseason- Is owning a home an investment?- Is saving for your child's college the right decision for you?- Working for others vs. yourself- Some math behind "Keeping up with the Joneses"Episode 4 Key Takeaways: 00:00 The 4 most common applications of Isaac Newton's Third Law "every action has an equal and opposite reaction" in finance. 06:53 Why investors shouldn't look at their home as an investment. 10:51 Breaking down the potential multi-million dollar difference behind prioritizing paying for your children's college vs. saving for your retirement. 16:51 How to avoid the "perpetual hamster wheel" of working for someone else when you crave career autonomy. 21:07 Weighing the balance between Keeping Up with the Joneses and executing a plan for financial freedom. 25:09 Why anyone striving for greatness needs a coach, regardless of their field. The content is developed from sources believed to be providing accurate information. The information in this podcast is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.Julius Wealth Advisors, LLC (“JWA”) is a registered investment adviser located in Englewood, NJ. Registration as an investment adviser does not imply a certain level of skill or training. The publication of The Big Bo $how should not be construed by any consumer or prospective client as JWA’s solicitation or attempt to effect transactions in securities, or the rendering of personalized investment advice over the Internet.A copy of JWA’s current written disclosure statement as set forth on Form ADV, discussing JWA’s business operations, services, and fees is available from JWA upon written request. JWA does not make any representations as to the accuracy, timeliness, suitability, or completeness of any information prepared by any unaffiliated third party, whether linked to or incorporated herein. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.JWA is neither your attorneys nor your accountants and no portion of this podcast should be interpreted by you as legal, accounting, or tax advice. We recommend that you seek the advice of a qualified attorney and accountant.
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