Optionality

Steve discusses an iPad purchase and its accompanying sheet music adventures. Tyler finds a surprise bank account. An acquaintance buys a house for cheap.Having cash available is doubly beneficial--it protects you from unexpected risks and it lets you take advantage of unexpected lucky opportunities. (00:00) - Esoteric spreadsheets (05:37) - What is optionality? (10:16) - Risk and luck (13:19) - Savings gap (15:33) - Steve buys an iPad for sheet music (19:52) - Tyler squirrels away money so he'll forget about it (21:31) - How do you define financial independence?
Links: The Psychology of Money, by Morgan Housel https://www.goodreads.com/book..../show/41881472-the-p YNAB Rule 2: Embrace Your True Expenses https://www.ynab.com/the-four-rules/#rule-two
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Steve Nay:  https://daybreaktax.com/  https://www.linkedin.com/in/nsteven/ 
Tyler Smith:  https://www.tylersmith.io/  https://www.linkedin.com/in/tylersmith-io/