Fri, 31 July 2015
#42: As a child, were you taught a scarcity mindset?
Steering public policy through the White House and Congress may help future generations of American children be better-educated on finance.
Listen to this week’s show and learn:
02:18 You’re working 8+ hours a day for a job you’re not passionate about. Why not at least plan an escape hatch?
06:17 Did your parents tell you “Money doesn’t grow on trees” and “Who do you think we are, the Rockefellers?” Instead, Sharon reveals more constructive phrases.
08:32 As a child, did you learn to “save money” or “invest money?”
11:05 “Live below your means” reinforces a scarce mindset.
16:00 How to teach children about businesses.
17:33 Sharon Lechter on the value of a college education today.
24:50 Which President - Obama or Bush - would be more likely to calculate an apartment building cap rate? Sharon picks one!
25:11 Sharon on the power of real estate investing.
28:09 Sharon’s work with “Think and Grow Rich.”
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