The Human Problem: Part 1

In this episode, Jim Oliver and Nick Kosko discuss:

  • The continued and ongoing relevance of Becoming Your Own Banker by R. Nelson Nash. 
  • Expenses expand to equal our income
  • Willie Sutton’s law- Wherever wealth is accumulated, someone will try to steal it
  • The IRS takes your money to give to the Treasury to pay to the Federal Reserve for all the money they’re borrowing

Key Takeaways:

  • We need to overcome Parkinson’s Law to succeed
  • If you can overcome Parkinson’s Law, you will win by default, and you don’t need to do it alone
  • What we consider “necessities” change as we have more resources available
  • “Do it yourself” retirement plans don’t work
  • You can’t abolish your student loan debt in bankruptcy

“Work expands to meet the time envelope allowed.” —  C. Northcote Parkinson, Parkinsons Law and Other Studies in Administration
Book Link: Becoming Your Own Banker- Nelson Nash
Free Copy: CreateTailwind.com

Connect with Jim and Nick:
Facebook: CreateTailwind & Jim Oliver
Website: CreateTailwind.com
YouTube: createtailwind.com
LinkedIn: Jim Oliver

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it. 

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