Once you understand the opportunity cost of money you will clearly see how banks are profitable and why it’s necessary to become your own bank through the Bankosaurus®. In this episode Ken and Tammi also talk about the Rule of 72, avoiding income taxes and creating financial freedom.
Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help other people create a “Piggy Bank On Steroids,” and earn better yields with less risk by investing Off Wall Street.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://engineeroffinance.com
- Connect with Ken Greene
Show Notes
- The Bankosaurus® opportunity cost – 1:55
- Why the financial industry is designed to take your money, not make you money – 3:38
- What happens during the first 7 years of a mortgage – 5:09
- Understanding the Rule of 72 – 7:07
- What most radio shows and money people never talk about – 9:21
- Best practices for paying yourself back – 13:51
- Borrowing from yourself vs borrowing from the bank – 18:08
- Why Ken wants people to have financial freedom – 21:11
- How income tax relates to the Bankosaurus® – 21:55
Review, Subscribe and Share
If you like what you hear please leave a review by clicking here
Make sure you’re subscribed to the podcast so you get the latest episodes.
- Subscribe with Apple Podcasts
- Follow on Spotify
- Subscribe with Stitcher
- Subscribe with RSS
Podcast: Play in new window | Download
Recent Comments