The Lazy Money Machine podcast talks about how to live a life of time and financial freedom by investing in cash-flowing properties. Hosted by Erik ten Have & David Leon.
In this podcast we speak to Rodolfo Young who embodies the lazy lifestyle, living in Bali while running his speaking and coaching business. Rodolfo speaks about compounding. We know this term from investing whereby the interest on an investment get reinvested and therefore it is compounding your returns. However it turns out that compounding can be applied to many areas of our life especially learning. Join Erik in exploring the fascinating ideas of Rodolfo Young.
2 Mar 2021
61: How not to care about what other people think about you
David explains his views on this statement and why it is important not to care too much what other people think. David explains what happened when he got vocal about the pandemic.
Erik asks if this is linked to having self confidence. Self confidence is a magnifying glass if you have more self confidence it is easier not to worry about other peoples opinion. Also if you are more successful and older there are less repercussions for saying what you feel without filters.
Tony Robbins: If it is not going to matter in 5 years don’t give it 5 minutes of your time
The vast majority of people should not run a business. We talk about how the Spanish and Indonesian culture influenced us in being straight forward.
If you are worried about what other people think of you it is going to influence the speed with which you take decisions. Finding your mission in life you need to get separate from other peoples opinions. Opiniated people trigger the fear of not being good enough in others.
David elaborates on how conflicts can exists if we are too stuck to our thinking and how important it is to be genuine.
5 Jan 2021
60: Pandemic Special
Pandemic Special
00:00 - 00:08 PANDEMIC OVERVIEW
David outlines where we are with the covid-19 pandemic and lock downs. David explains why we are seeing the last bit of this pandemic. We will have people with health problems, financial problems and relationship problems. How can we see this as something positive and make society better while creating some profits. For properties we will see the need for smaller units, multi family units and properties with good work from home facilities.
00:09 - 00:13
Erik is discussing the situation in Indonesia and poorer countries, they will have to start opening up since the government does not have the money to keep everyone locked down. Erik's obeservation is that the limitation of freedom is causing a lot of issues. Erik outlines why our Lazy Lifestyle has actually trained us for lockdowns and why it therefor does not affect us at all and why we are still looking for opportunities.
00:14 - 00:20
David outlines how the limitation of travel has made him realize how much he misses speaking on stages.David outlines while countries like New Zealand will struggle. Financial consequences are going to be felt for decades.
00:21 - 00:40 MINDSET
We speak abouth why Mindset in this situation is so important. David explains why he got frustrated because of the fact that nobody could see what he saw based on factual information because most people are influenced by mass media progaganda. Being financially secure removes the fear of saying what you think and David thinks a lot more people should speak out. David discusses why he thinks that 'pivoting' is a wrong way to look at your business. If we sell a quality product we can keep selling that and not revert to lower value cheap products.
00:41 - 1:00:04 OPPORTUNITIES
How does this situation create opportunities? David explains that we are in an asset bubble and that Commodities, Real Estate and Shares are the vehicles where money is going to be made and where value is going up, simply becasue the value of money is going down. It is going to create a very large division of wealth and young people are going to have more and more difficulties to create wealth at all.
Erik speaks about a trend that is going to influence what markets are going to look like: The break up of family units. This means that in terms of property investing, family houses with a garden that can accomodate a garden office, shared accomodation with studios and small flats are going to in demand.
David spots another trend: Social Housing, housing for unemployed people and why this is a great opportunity. Erik discusses with David how empty commercial office buildings could be great redevelopment opportunity to turn them into housing. The small businesses (coffeshops, cafees, small restaurants etc) are suffering really bad. There are very interesting opportunities in shares as well and David discusses some.
1:09:00 - 1:14:00 THE FUTURE
If we look close at the World Economic Forum and their agenda 21 we can see what is coming our way: a possible a cyber attack wherby our powergrid could be under attack.
Reach out to your friends, there are a lot of people suffering.
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