Dan Martell - July 18, 2023


I’ll never invest in luxury items


Episode Stats


Length

40 seconds

Words per minute

204.74777

Word count

138

Sentence count

8


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Here s why I ll never invest in luxury watches, cars, or clothes. It s very simple. I just don t wanna go down the rabbit hole of having to learn all that stuff to make a good investment. So I don t invest in things I don't know. I buy software companies that I know how to operate.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Here's why I'll never invest in luxury watches,
00:00:03.160 cars, and clothes.
00:00:04.540 It's very simple.
00:00:05.600 When I look at where I spend my time,
00:00:07.520 my mental capacity, and the things that interest me,
00:00:10.540 understanding the watch industry, the car industry,
00:00:14.100 the real estate industry,
00:00:15.440 which I get can all be income, value add.
00:00:19.380 I just don't wanna go down the rabbit hole
00:00:21.500 of having to learn all that stuff to make a good investment.
00:00:24.460 So I don't invest in things I don't know.
00:00:26.260 So while everybody else and all the influencers
00:00:28.060 or buying watches and cars and all that stuff.
00:00:31.500 I'm buying software companies
00:00:32.380 that I know how to operate, I know how to add value to.
00:00:35.080 Then I buy back my time to go create cool memories
00:00:38.240 and experiences with people I care about with my family.