Get a free copy of my book, You Money Journey https://payhip.com/b/XO5qd

In this episode, we tackle the much-hyped "secret" to wealth, dissecting popular philosophies from books like Think and Grow Rich. We discuss why simply "thinking" about success isn't enough and instead argue that true wealth comes from a simple, three-part formula: earning, investing, and saving. This is the core promise of the Frug Life.

• Do and Grow Rich: The true secret to wealth isn't just about manifesting success with your mind. It's about building something of value that people are willing to pay for. This could be a quality product, a service, or even your labor as an employee.

• The Trifecta of Value: To succeed, you need a three-part approach:

• 1. Create a great product or service.

  2. Get it in front of the right people.

  3. Provide value in a way that people will seek you out.

• The Power of Investing: Earning money is just the starting point. To truly build wealth, you need to put your money to work. We discuss how investing is a way of providing value in the form of capital, enabling companies to grow.

• Warren Buffett's Public Advice: While Buffett's own career was built on concentrated bets in a handful of stocks (like Berkshire Hathaway, American Express, and Coca-Cola), his public advice for most people is to invest in low-cost index funds. This is a solid strategy to achieve market-level performance.

• The Frugal Mindset: We touch on the philosophy of figures like Grant Cardone, but ultimately assert that for most people, controlling your spending is an easier and more reliable path to building wealth. Spending less and investing more is a foundational principle of The Frug Life.

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Music Credit The Purple Planet

In this episode, we dive into the investment philosophies of legendary investors Warren Buffett and his mentor, Benjamin Graham. We explore their approach to value investing, which focused on finding deeply discounted stocks. We also take a closer look at Graham's famous "net working capital" strategy, and how these methods led to Buffett's incredible success.

• Benjamin Graham & Value Investing: We'll discuss Graham's focus on buying stocks at prices significantly below their intrinsic value, particularly those selling for less than their net working capital. This forms the basis of value investing.

• The Efficient Market Hypothesis (EMH): We'll break down the two main forms of this theory:

• • Weak Form EMH: The idea that past prices and trading volume don't help you predict future prices. We'll discuss why this suggests that technical analysis (using charts and graphs) doesn't work.

  • Semi-Strong Form EMH: The idea that all publicly available information is already reflected in a stock's price. Warren Buffett's career, however, can be seen as a challenge to this idea, as he used fundamental analysis to achieve above-market returns.

Referenced episode Rock Paper Scissors Trading

https://open.spotify.com/episode/6wxGLf8YAPBjgKTBbjn8Ra?si=O6nJXeDhTjOj4DIjZAcW6g&nd=1&dlsi=89b90bb1554b436c

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Music Credit The Purple Planet

In this episode I talk about Binary options.

Link to the 2025 listener survey:

https://docs.google.com/forms/d/e/1FAIpQLScLBn1d1iIN-8Xq_XhytYLf4AE1TTtOW-3oQZqEs5CSNI14-A/viewform

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Music Credit The Purple Planet

In this episode I talk about living Simply.

Link to 2025 Listener Survey, win lunch on me!

https://docs.google.com/forms/d/e/1FAIpQLScLBn1d1iIN-8Xq_XhytYLf4AE1TTtOW-3oQZqEs5CSNI14-A/viewform?usp=dialog

https://www.townsends.us/

https://www.youtube.com/c/Bushradical

https://moneyfortherestofus.com/

A similar themed episode where I talk about Bush Radical (and actually share a clip from it).

https://open.spotify.com/episode/705gbYanlAZ9cZwHzc0ODH

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Music Credit The Purple Planet

In this episode I talk about three ways to value anything.

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Music Credit The Purple Planet

In this episode I talk about how you can only teach the willing and talk about some of the basics of personal finance.

Some episodes on investing

Sponsor Link, Leaf Bound Review

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Music Credit The Purple Planet

I give an update on the state of the podcast.

Thank you to our friends at Leaf Bound Review for Sponsoring this episode of the show. Get a free book review at https://leafboundreview.blogspot.com/

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Music Credit The Purple Planet

In this episode I talk about the best chess player of all time Mangus Carlson and how the world has become more competitive. I relate this to the rise of passive investing

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Music Credit The Purple Planet