by Alexander Gherardi
Welcome to the glass of success podcast where each week we drink wine and discuss our journey to financial freedom. We are your own personal guides to help you to pick out the best wine from all over the world so you can impress your friends. Need help escaping your 9 to 5 then join us on the journey escaping the rat race. We detail each week a different business and self development topic that will keep you up to date and informed so that you can achieve the financial freedom lifestyle.
Language
🇺🇲
Publishing Since
2/22/2021
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March 25, 2021
<p>Today we look at working smart to achieve our financial goals in 2021. We will do this all while drinking Bordeaux from the region Bordeaux , France.</p> <p><br></p> <p>Review how you spend your time during - Personal diary<br> Become more efficient:</p> <ol> <li>Outsource - Delegate work once you are clear on how to do it yourself. The 4 hour work week is a useful tool on outsourcing.</li> <li>Automate - Create a process that can be carried out by a machine or person <ol> <li>Scale up - go big on 1 idea - Determine the vital few from the trivial many</li> </ol> </li> </ol> <p>Adding life after subtracting work: by not being bored we remove time to think.</p> <p><br></p> <p><strong>Tim Ferriss 4 hour Work Week Concept</strong></p> <p>Dreamline Structure - a step by step guide to setting clear goals and the costs associated with those goals. Then write clear actions how I will achieve these now, tomorrow and day after.</p> <p>Find the free resource below</p> <p><a href="https://tim.blog/lifestyle-costing/">https://tim.blog/lifestyle-costing/</a></p> <p><br></p> <p><strong>Greg McKeown Essentialism Concept</strong></p> <p>Paradox of the pursuit of success: Understanding the better we get at our job the busier we become.</p> <p>Phases </p> <p>With clarity of purpose we can succeed at our endeavour</p> <p>Success will give you a reputation as a go to person. Presented with increased options and opportunities</p> <p>Increased options and opportunities will lead to defused efforts/ spread thin</p> <p>Distracted of our clarity and purpose</p> <p>We need to change assumptions: I have too, it is important and I can do both</p> <p>Replace with core truths: I choose too, only a few things really matter, I can do anything not everything. (MCKEOWN, 2021)</p> <p>MCKEOWN, G., 2021. ESSENTIALISM. [S.l.]: VIRGIN BOOKS.</p> <p><br></p> <p><strong>Pareto principle</strong></p> <p>This “universal truth” about the imbalance of inputs and outputs is what became known as the Pareto principle, or the 80/20 rule</p> <p>Legend has it that one day he noticed that 20% of the pea plants in his garden generated 80% of the healthy pea pods. This observation caused him to think about uneven distribution. He thought about wealth and discovered that 80% of the land in Italy was owned by just 20% of the population</p> <p>KEY TAKEAWAYS</p> <p>The 80-20 rule maintains that 80% of outcomes (outputs) come from 20% of causes (inputs).</p> <p>In the 80-20 rule, you prioritize the 20% of factors that will produce the best results.</p> <p>A principle of the 80-20 rule is to identify an entity's best assets and use them efficiently to create maximum value.</p> <p>This "rule" is a guideline, not a firm mathematical law.</p> <p><br></p> <p>Tool of the week</p> <p><strong>Answer The Public</strong></p> <p>Pro:</p> <p>Show the most searched web questions regarding a topic and where you can craft your content strategy upon</p> <p>Why</p> <p>What</p> <p>When</p> <p>How</p> <p>Con: </p> <p>You have limited search and it’s price - starting from $79/month</p> <p><a href="https://answerthepublic.com/">https://answerthepublic.com/</a></p>
March 18, 2021
<p>Today we look at how to invest your money in 2021 and how this will help us on the road to financial freedom. We will also share how we would invest $100, $1000 and $10,000, all while drinking a glass of Primitivo from the region Puligia, Italy.</p> <ol> <li><strong>Save money<br> </strong></li> <li><strong>Investment money (plant seed)<br> </strong></li> <li><strong>Grow your money<br> </strong></li> <li><strong>Harvest and repeat</strong></li> </ol> <p><br></p> <p><strong>Alex</strong></p> <p><strong>Crypto Currencies - $100</strong></p> <p>Step 1 - Get a broker and wallet</p> <p>Best Options:</p> <ol> <li>Gemini - Best: <a href="//gemini.com/share/77y7d7wcp">gemini.com/share/77y7d7wcp</a><br> </li> <li>Coinbase: <a href="https://www.coinbase.com/join/gherar_v8">https://www.coinbase.com/join/gherar_v8</a><br> </li> <li>BlockFI: <a href="https://blockfi.com/">https://blockfi.com/</a><br> </li> </ol> <p>Step 2 - Buy and research different currencies</p> <p>(Market is more volatile - ride the wave but don’t risk all your money)</p> <p><br></p> <p><strong>Stocks and Shares - $1000</strong></p> <p>Step 1 - Create a plan - Trader Vs Investor - Active Vs Passive</p> <p>Step 2 - Passive = invest in funds - Best Option - Vanguard Total Market</p> <p>Step 2 - Active = invest in shares</p> <p>Review company details: (UK: <a href="https://www.lse.co.uk/">https://www.lse.co.uk/</a> / US: <a href="https://uk.finance.yahoo.com/">https://uk.finance.yahoo.com/</a>)</p> <p>Market Cap = number of shares multiply price per share (company evaluation)</p> <p>EPS = Earning per share - higher monetary value is good here</p> <p>P/E Ratio = Price of share to earning per share = Higher number means overvalued Lower number means undervalued</p> <p><br></p> <p><strong>Property - $10,000</strong></p> <p>Leverage = Mortgage</p> <p>Step 1: Buy in an area that is $300,000 and find a run down house between $100,000 to $200,000.</p> <p>Step 2: Get a mortgage 90% for 100,000 = £580 at 3% /month or 95% 200,000 = £1,2000 at 3% /month</p> <p>Step 3: Rent and use money to pay off mortgage interest/ principle</p> <p>Step 4: 3-5 years remortgage and repeat process</p> <p><br></p> <p><strong>Edo</strong></p> <p><strong>$100</strong></p> <p>The budget is spent in Affiliate App premium version Secomapp ($49) <a href="https://www.secomapp.com/">https://www.secomapp.com/</a> and Heepsy($49) <a href="https://www.heepsy.com/">https://www.heepsy.com/</a> then Shopify has a 14 day free trial and domain and host (approx.$12) <a href="https://www.shopify.co.uk/">https://www.shopify.co.uk/</a></p> <p><br></p> <p><strong>$1000</strong></p> <p>Start an IG page or youtube channel about your passion and I would invest in Influencer campaign to grow your profile (test 3 influencer >5K follower engagement rate =>3%) grow your page and build relationship and monetise with affiliate links from brands of your niche. Estimate time project before 100% ROI 6 months.</p> <p><br></p> <p><strong>Drop Shipping $10,000</strong></p> <p>Set a budget to test winning products (discard products that fail to meet KPI = $200) build Shopify website, register business LTD, scale heavily with FB ads ($100 day) then set email and sms automation. Hire an assistant to help you run and automate even more ($2000). Hire a mentor that will assess your condition. Estimate Time for 100% ROI 3 months.</p> <p><br></p> <p>Tool of the week</p> <p><strong>Things 3 </strong>Things app helps you plan your day, manage your projects, and make real progress toward your goals.</p> <p>Pro:</p> <ol> <li>Todo list for IOS iPhone<br> </li> <li>synced to the Calendar - Apple, Google<br> </li> <li>Create projects and lists for each project<strong><br> </strong><br> </li> </ol> <p>Con:</p> <ol> <li>Costs money. $9.99 or £9.99</li> <li>Not available for android<br> </li> </ol> <p>Link: <a href="https://culturedcode.com/things/">https://culturedcode.com/things/</a></p>
March 11, 2021
<p>Today we will share our tips for managing your finances, all while drinking a glass of Rioja Cepa Lebrel Joven 2019 from the region Rioja , Spain.</p> <p><strong>1. To measure means to management</strong></p> <p>Actions</p> <ul> <li>55% Rent + Transportation</li> <li>10% Entertainment</li> <li>10% Long Term Goals</li> <li>10% Financial Freedom Investments</li> <li>10% Personal Learning</li> <li>5% Charity</li> </ul> <p><br></p> <p><strong>2. Reduce expenses</strong></p> <p>Actions</p> <ul> <li>Fight the emotion - leave in the cart for 3 to 5 days</li> <li>Convert in hours whatever you are about to spend eg £10/h → £100 = £10 x 10hrs</li> </ul> <p><br></p> <p><strong>3. Save 10% of monthly earning</strong></p> <p>Actions</p> <p>7 cures for a lean purse<strong> </strong>(Clason, 2015)</p> <ol> <li>Part of all you own is yours to keep - 1/10</li> <li>Control expenses-budget to allow for necessities, to pay for enjoyments and gratify worthwhile desires, without spending more than 9/10</li> <li>Make gold multiply - put each coin to work so that it may reproduce</li> <li>Guard treasures from loss - invest were principle is safe, easily reclaimed if required and good return. Consult wise men and get advice from those with experience in handling gold.</li> <li>Make your house a profitable investment - own your own home</li> <li>Insure future income - provide in advance for the needs of the family and old age</li> <li>Increase ability to learn - cultivate power, to study, and become more skilled, respect yourself.</li> </ol> <p>Reference: Clason, G. S. (2015). The richest man in Babylon : original edition.</p> <p>Tool of the week </p> <p><strong>Revolut </strong>(For people living<strong> </strong>European Economic Area (EEA), Australia, Canada, Singapore, Switzerland, Japan and the United States)</p> <p>Pro: </p> <ol> <li>Easy to use</li> <li>Immediate transfer</li> <li>best currency exchange</li> <li>investing, vaults</li> <li>sharing expenses</li> </ol> <p>Con:<strong> </strong></p> <ol> <li>Not deposit cash</li> </ol> <p>Link: <a href="https://www.revolut.com/">https://www.revolut.com/</a></p> <p><br></p> <p><br></p>
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Welcome to the glass of success podcast where each week we drink wine and discuss our journey to financial freedom.
We are your own personal guides to help you to pick out the best wine from all over the world so you can impress your friends.
Need help escaping your 9 to 5 then join us on the journey escaping the rat race. We detail each week a different business and self development topic that will keep you up to date and informed so that you can achieve the financial freedom lifestyle.
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