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Non-Financial Forms of Capital
Manage episode 299591524 series 2963994
Inhoud geleverd door Chris Coffman and Eric Knight. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Chris Coffman and Eric Knight of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
01:55 - Get out of the world of money, and get into the world of capital. Pay it forward: money, experience, skills, etc.
02:38 - He called Eric "Peter", and Eric chose not to be offended. And we also hear the cars in front of Chris's house.
04:08 - Capital (and money) is intangible, and it was entirely based on relationships and reputation to be able to pay someone back. It's a promise.
05:50 - A lot of people think of money as the only thing that's real. Tying someone's worth to their money is a shithead world view.
09:18 - Converting non-monetary forms of capital requires a monetization path to realize the financial value.
11:35 - Example of Chris's actor friend. He decided to translate Homer's The Iliad and the show has been successful.
14:00 - Rule of 72. Can it apply to non-monetary forms of compound interest? Can you get twice as good with incremental improvements?
18:28 - One of the forms of order in the universe is that very small improvements, cumulatively, create capital.
19:17 - It's not all about money. It's about bettering yourself, and bettering the lives of those around you. Like your kids.
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https://www.crisisdeluxe.com
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