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Non-Financial Forms of Capital
Manage episode 299591524 series 2963994
Konten disediakan oleh Chris Coffman and Eric Knight. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Chris Coffman and Eric Knight atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
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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