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71 minutes | Jun 2, 2021
031 | Crossover - Knights & Dragons
This week, we are taking a break and will be introducing my other podcast, Knights and Dragons!
29 minutes | May 26, 2021
030 | Be Prepared
Are your prepared for your day, your life, and the eventual disaster?
25 minutes | May 12, 2021
029 | Reopening Pains
A year ago, shutting down was a shock to the system. Today reopening is just as much as a shock but spinning up takes a lot more effort than shutting down. Add some hackers to the mix and a good time is had by none!
26 minutes | Apr 28, 2021
028 | The Grand Reopening
As the global economy starts its grand re-opening, questions remain as to what that future looks like. How will spending habits and jobs change? And what dangers are lurking just over the horizon?
15 minutes | Apr 21, 2021
027 | Decisions
Today, Aaron asks "How do you balance short term decisions with long term goals".
27 minutes | Apr 14, 2021
026 | Fear Sells!
The media reported that inflation (CPI) for March 2021 was 1% sparking fears that the long foretold hyperinflation was here. They, of course, ignored a lot of the bigger picture but it was great for getting your attention to sell!
36 minutes | Apr 7, 2021
025 | Inflation Hedges
Let's say that the US does find itself in a hyperinflationary spiral, where can I put my money that will protect me from it.... if such a place even exists?
30 minutes | Mar 31, 2021
024 | QE and me
This week, we ask the question, what happens if the US is more like Japan than Weimar Germany, how did we get here, and where inflation is happening now.
41 minutes | Mar 24, 2021
023 | Inflation
On this episode of Fiscally Savage, Dylan explains everything there is to know about inflation, how certain countries have ended up with hyperinflated economies, the potential for hyperinflation in the US after the money printer goes BRRRR, and whether or not Gold or other precious metals can suffer at the hands of inflation. 0:00 - 1:17 - Introduction 1:18 - 3:56 - Setting up today’s topic, Inflation. 3:56 - 7:13 - What is inflation? 7:14 - 10:07 - Does Gold have inflation? 10:08 - 17:53 - How did hyperinflation happen in Zimbabwe, Germany and Brazil? 17:54 - 19:03 - Loss of faith in currency 19:04 - 21:42 - Potential for hyperinflation in the US 21:43 - 25:41 - Central banking 25:42 - 27:32 - The US federal reserve system 27:32 - 33:30 - Where does the US get the money for things such as the stimulus package? 33:38 - 35:42 - How do we measure how much money is actually in the economy? 35:43 - 39:11 - Conclusion on inflation. 39:11 - END - Wrap-up & Outros
34 minutes | Mar 10, 2021
022 | Foundations of Financial Literacy
On this episode of Fiscally Savage we’ll be covering financial literacy. Dylan will be taking you through the financial literacy quiz step by step and explaining the correct answers to each question. We’ll be discussing stocks, bonds, mortgages and everything you need to know about managing your debt.
37 minutes | Mar 3, 2021
021 | How to pay your taxes
In this episode of Fiscally Savage, Dylan explains everything there is to know about taxes and what YOU need to do to start paying less and using the system to your advantage. 0:00 - 1:20 - Introductions 1:40 - 4:00 - Outlining today’s topic and what we will be covering. 4:00 - 7:04 - How taxes are actually calculated. 7:05 - 8:50 - State income tax, sales/property tax. 8:50 - 11:37 - Setting up your tax form correctly. 11:38 - 14:28 - US Employment Benefits for W2 Employees 14:30 - 17:45 - The different between Traditional and Roth contributions 17:48 - 20:11 - What is an FSA? Where is that money going to go? 20:11 - 22:28 - Healthcare Insurance Accounts 22:30 - 25:10 - So how do I file my taxes? 25:10 - 26:40 - If somebody’s giving you something for free, you are the product. 26:40 - 30:47 - The two flavours of tax professionals. 30:47 - 35:44 - What happened to ReadyReturn? The system didn’t optimise for us. 35:45 - 36:30 - We need to arrange our affairs with the understanding of using the system to our advantage.
33 minutes | Feb 24, 2021
020 | The US Deficit
In this episode of Fiscally Savage we give you the full rundown of the US deficit, what it is, what controls it and what adds to it. We’ll also give you some harsh truths on the best ways to deal with it and how it really affects our lives. 0:00 - 1:10 - Introduction. 1:12 - 4:50 - Recap of the last episode. 4:51 - 7:47 - What the deficit is NOT. 7:48 - 10:03 - What you need to know in terms of the social security system. 10:03 - 14:53 - What part does Medicare play in this? 14:53 - 15:55 - The complications of health insurance for companies. 15:56 - 18:10 - The Koch Brothers study. 18:11 - 18:55 - The general fund. 18:55 - 19:48 - How the military routinely drives up the US deficit. 19:50 - 21:10 - Adult talk time, how do we get out of this? 21:11 - 24:34 - Tax cuts, do they work? 24:35 - 25:58 - Are the short term gains worth the long term effects? 25:58 - 28:05 - The Death Tax. 28:05 - 20:30 - The easiest way to deal with the deficit. 30:22 - 32:10 - How much debt is too much debt? 32:10 - END - Wrap-up & Outros.
35 minutes | Feb 17, 2021
019 | Intro to Taxes
On this episode of Fiscally Savage we will walk you through everything you need to know about taxes, where your income tax money goes and the different types of funds that help operate different sectors of the government and the US military. We will also give you a brief rundown on how to calculate federal income tax but be warned, this is not tax advice and we advise you leave that to the professionals. 00:00 - 1:28 - Introduction 1:30 - 3:00 - Setting up today’s topic, taxes. 3:00 - 3:40 - There is no political agenda here, this is purely educational. 3:40 - 4:30 - What sections we will be covering in this episode. 4:30 - 5:18 - The government isn't telling you the whole truth when they discuss taxes. 5:20 - 7:40 - How did federal income tax come about? 8:00 - 10:50 - What are federal income taxes? 10:53 - 12:16 - The difference between effective tax rate and marginal tax rate. 12:16 - 14:05 - You need to see tax how it is and not how your political beliefs tell you it is 14:05 - 17:40 - Where do your income taxes go? 18:00 - 21:57 - The US runs a structural deficit, what does that mean? 21:57 - 22:42 - What your payroll taxes are paying for. 22:42 - 24:00 - The source of money is just as important as who’s handing it out. 24:06 - 25:35 - The discretionary fund. 25:35 - 27:30 - What would happen if we just got rid of the US government? 28:00 - 33:30 - How do you formulate income taxes? 33:30 - END - Wrap-up & Outros.
21 minutes | Feb 10, 2021
018 | Savage Reality
This week’s episode of Fiscally Savage is about the savage reality. Systems are built to serve themselves and you will never be able to change that, however there ARE ways to set yourself up to take advantage of those systems. Learn how to make a plan for yourself and always be prepared for disasters around the corner on this episode of Fiscally Savage. 0:00 - 1:18 - Introduction 1:20 - 3:00 - Recapping last week's episode. 3:00 - 3:47 - We wish the GameStop situation had gone differently. 3:48 - 4:35 - Systems are always going to serve themselves. 4:40 - 6:48 - Examples of systems that serve themselves. 6:50 - 8:09 - How do we set ourselves up to take advantage of this? 8:10 - 9:43 - The sad reality is that civilization is going to try and try to stop you from changing. 9:45 - 11:20 - You always need to be prepared for disaster around the corner. 11:20 - 13:10 - You need to have a plan for yourself! 13:11 - 13:54 - You’re in a rat race whether you like it or not. 13:54 - 15:14 - Nobody expected Covid. 15:18 - 17:48 - How Dylan broke the system and got job offers from 3 of the big 4. 17:50 - 20:00 - The world is not black and white, but you need to control the things that are. 20:00 - END - Wrap-up & Outros.
45 minutes | Feb 3, 2021
017 | The Barbarian Horde
In this episode of Fiscally Savage, Dylan is discussing the ongoing situation with Gamestop and WSB vs Hedge Funds. This is a personal situation for a lot of people whose parents never fully recovered from the recession and millennials are out for revenge against Wall Street. If you’re struggling to understand what’s going on, this episode will explain and sum up everything for you! This is NOT financial advice. 0:00 - 1:13 - Introduction 1:13 - 3:04 - Intro to today’s topic, the barbarian horde. 3:04 - 4:25 - Disclaimer, this is NOT financial advice. 4:25 - 8:24 - What is short selling stock? 8:24 - 10:53 - Let's talk about Gamestop & DFV. 10:53 - 13:00 - What is a brokerage? 13:00 - 18:23 - Robinhood & Citadel 18:23 - 24:47 - What was the big short? 24:48 - 28:23 - The millennial generation has a long memory. 28:24 - 29:40 - What are call options? 29:42 - 32:36 - This isn’t about the gains, it’s about vengeance. 32:36 - 33:37 - Everyone on WSB is on the same page when it comes to hedge funds. 33:38 - 36:05 - What is clearing? 36:05 - 37:58 - Robinhood played dirty with short sellers. 37:58 - 38:48 - The most divided politicians in recent history are all in agreement on this! 38:48 - 40:00 - WeBull are trying to keep up with demand whilst Citadel back Melvin Capital. 40:00 - END - Wrap-up & Outros. Diamond. Hands.
25 minutes | Jan 27, 2021
016 | The Culture Trap
In this episode of Fiscally Savage we explore how culture is deeply rooted in our society through things such as homeownership, car ownership and other common things we expected to do as Americans. We will discuss how these things may affect our financial situation and how to break out of that mould and live free. 0:00 - 1:15 - Introductions. 1:15 - 2:20 - Setting up today’s topic, The Culture Trap. 2:20 - 2:50 - Cultures are systems. 2:50 - 5:30 - Culture can inform your financial decisions. 6:15 - 9:30 - The Homestead Act of 1862. 9:30 - 11:45 - What is mortgage insurance? 11:50 - 13:00 - The Emergency Home Finance Act. 13:10 - 14:00 - Does Dylan believe in the American dream? 14:00 - 15:30 - The culture of home ownership and economic incentives. 15:30 - 17:00 - Food subsidies and healthcare. 17:00 - 17:40 - All of these things might not be the life you want to live. 17:45 - 19:33 - How do we defeat this? 19:35 - 21:05 - You need to understand the system. 21:10 - 24:00 - How can I make the system serve me? 24:00 - END - Wrap-up & Outros
21 minutes | Jan 20, 2021
015 | The Tribe - The Social Problem pt 4
Humans are tribal creatures. We form tribes, seek them out, and struggle to maintain them. For most of us, our friend group is our tribe and that group will help us define how we interact socially, how we think politically, and how we handle our affairs financially. But what happens when we want to level up our life? How will the tribe react? 0:00 - 1:10 - Introductions. 1:10 - 1:40 - Discussing last week’s interview with Colt. 1:40 - 2:05 - Setting your boundaries in foundation relationships. 2:10 - 2:40 - Foundational relationships form your opinion on almost everything. 3:00 - 3:30 - You need to understand how the relationships in your life are informing how you spend your money. 3:40 - 5:15 - Did you choose the relationships in your life? 5:20 - 6:30 - Friendship is an investment. 6:30 - 7:30 - Meeting people outside of your socio-economic bubble is when you find your people. 7:40 - 9:00 - You need to meet people from outside of the tribe to experience different cultures 9:00 - 10:30 - Is your friendship formed in a shared struggle? 10:30 - 12:30 - How finding success can cause your tribe to turn their back on you. 12:30 - 15:00 - When you start changing your friends may become passive aggressive towards you to try and change you back. 15:00 - 18:00 - Calling your friends out on this behaviour will lead to negative feelings as you are going against the tribe. 18:00 - 19:15 - Tribal identity is deeply ingrained in our society. 19:15 - 20:00 - You are the average of the five people you spend the most time with, why not choose good ones? 20:00 - END - Wrap-up & Outros
74 minutes | Jan 13, 2021
014 | Interview with Colt Gordon
Today I am joined by Colt Gordon, Therapist and Social Worker, to discuss our connection to our family, how that impacts us and the decisions we make, and how to break free from it. 00:00 - 1:10 - Introduction 1:20 - 1:50 - Introducing our guest today, Colt Gordon! 1:50 - 4:00 - Colt explains his background of broken family issues and mental health issues 4:20 - 5:20 - How getting the tools for success turned Colt’s life around 5:20 - 8:00 - Dylan and Colt discuss foundational relationships 8:05 - 10:10 - How do you get out of a dysfunctional family relationship? 10:10 - 13:15 - How does playing the caretaker role effect your financial decisions on a daily basis? 13:30 - 15:40 - Does Dylan maintain his “live free” advice when making his own purchase decisions? 16:00 - 18:00 - Should replacing something like a backpack at the end of its life carry so much guilt? 18:10 - 22:00 - What advice would Colt give to someone in a caretaker position that is trying to live free? 22:15 - 24:00 - Change your language to focus on the path you want to be on! 24:30 - 26:10 - Make a shitty draft of your dream life and work towards it 27:00 - 31:00 - How and why Dylan took control of his financial situation after being asked to commit fraud as a teacher 33:00 - 37:30 - How generational trauma runs through families and how to overcome it 37:40 - 41:00 - “Your family always has your best interest at heart” or do they? 41:30 - 47:00 - Is blood really thicker than water? 49:10 - 50:00 - You can self differentiate into a wrong decision 50:30 - 55:00 - People aren’t always going to agree with you self differentiating and will ask you to “be your old self” 55:00 - 1:00:00 - You have to be prepared for people’s reactions to your self actualising as it will be hard to overcome 1:00:00 - 1:03:00 - People are either going to get on board or they’re going to leave, but people remember the ones that step out of the mould 1:03:00 - 1:06:00 - What was Dylan’s path to getting his finances together? 1:06:00 - 1:09:00 - Was it easy for Dylan in the beginning of his journey? And how he feels about his finances now 1:09:00 - 1:12:00 - What does it mean to be financially savage? 1:12:20 - END - Wrap-up & Outro
11 minutes | Jan 6, 2021
013 | New You New Year
This episode takes a break from the Social Problem to discuss New Year's Resolutions, voting for who you want to be, and chasing down a gazelles on foot.
21 minutes | Dec 30, 2020
012|Family Stories - The Social Problem pt 3
On today’s episode of Fiscally Savage we discuss your relationship with your family, does your family want to see you win or do they see your success as a threat? You’ve learned a lot of financial habits from your family but are they the correct ones? Lot’s of important lessons to learn in this week’s episode. 00:00 - 1:36 - Introduction. 1:36 - 3:00 - Today’s topic, the social problem in relation to your family. 3:00 - 4:02 - Is your success viewed as a threat by your family? 4:02 - 5:00 - Understanding the foundation of your relationship with your parents. 5:00 - 8:48 - How financial trauma is amplified through generations. 8:48 - 10:00 - The world now is a lot different to the one your parents grew up in. 10:00 - 12:30 - Important lessons and foundational experiences that can be learned from your parents. 12:30 - 14:50 - The foundation you’re going to have financially is the foundation your parents already gave you. 14:50 - 17:15 - The cost of achieving your vision is your old life, your family is not your fate! 17:15 - 20:00 - You don’t owe your family anything, does your family want to see you win? 20:00 - END - Wrap-up & Outros
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