Description

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-psychology-of-money 
• 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/