Pejman Ghadimi
👤 PersonAppearances Over Time
Podcast Appearances
My argument has always been, no matter who you are, if you aspire to do great things, you're going to legitimately end up in a position to buy great things. And when you buy them, there's only two ways you buy them.
My argument has always been, no matter who you are, if you aspire to do great things, you're going to legitimately end up in a position to buy great things. And when you buy them, there's only two ways you buy them.
Either you buy them in a fashion that allows you to keep buying them without losing money, and in many cases, turning even your hobbies or things you want into a money center, or you end up creating expenses all the time, And ultimately these expenses never come back and you have to keep making even more money to keep upgrading your lifestyle.
Either you buy them in a fashion that allows you to keep buying them without losing money, and in many cases, turning even your hobbies or things you want into a money center, or you end up creating expenses all the time, And ultimately these expenses never come back and you have to keep making even more money to keep upgrading your lifestyle.
So we all know that even our dream car is only our dream car for a very short period of time. Like we know that there's another car we'll want more. We know when there's a cool watch we like, there's a better watch we'll eventually want more or a second one. So the argument is, you know you're going to divorce these things anyways. They're not there to be loved forever.
So we all know that even our dream car is only our dream car for a very short period of time. Like we know that there's another car we'll want more. We know when there's a cool watch we like, there's a better watch we'll eventually want more or a second one. So the argument is, you know you're going to divorce these things anyways. They're not there to be loved forever.
So when you buy them, buy them in a manner that allows you to make money off of them when you get rid of them, instead of actually lose money every time you do it. This is one of the key things that athletes don't learn. Because if you think about someone who doesn't have money training, typically comes into the game. The first thing they go, I got $100 million. I got to buy cars.
So when you buy them, buy them in a manner that allows you to make money off of them when you get rid of them, instead of actually lose money every time you do it. This is one of the key things that athletes don't learn. Because if you think about someone who doesn't have money training, typically comes into the game. The first thing they go, I got $100 million. I got to buy cars.
I got to buy this. What if they bought these cars, right? And at some point they said, oh man, I overspent. I need to get my money back out of the car. And instead of saying I paid 600K for a car, I got 300K back. They said I paid 550 for a car. I got 540K back.
I got to buy this. What if they bought these cars, right? And at some point they said, oh man, I overspent. I need to get my money back out of the car. And instead of saying I paid 600K for a car, I got 300K back. They said I paid 550 for a car. I got 540K back.
Right. So it's like, okay, so I made a mistake. I shouldn't have bought that car. Maybe I over... But I didn't lose that money. It was just sitting there in the right car. And I didn't want it now. You know, for any reason, like I only need two cars instead of 10. It is what it is. So... We have been brainwashed as a society to think clearly that our job is to make money. So we spend money.
Right. So it's like, okay, so I made a mistake. I shouldn't have bought that car. Maybe I over... But I didn't lose that money. It was just sitting there in the right car. And I didn't want it now. You know, for any reason, like I only need two cars instead of 10. It is what it is. So... We have been brainwashed as a society to think clearly that our job is to make money. So we spend money.
And one of the things we've been teaching people since 2010 is you don't need to spend money to have lifestyle. You can learn to park money. And while you can't park money and travel because it's or in food, like if you go to restaurants, money's gone.
And one of the things we've been teaching people since 2010 is you don't need to spend money to have lifestyle. You can learn to park money. And while you can't park money and travel because it's or in food, like if you go to restaurants, money's gone.
At the very least, the largest purchases you make, like your home, your car and your jewelry, and even the handbags you buy for your wife, your girlfriend or whatever, Or for yourself, those things can be places you park money and recycle that money over time. And people really, this is the interesting thing then, like people know this already when it comes to housing.
At the very least, the largest purchases you make, like your home, your car and your jewelry, and even the handbags you buy for your wife, your girlfriend or whatever, Or for yourself, those things can be places you park money and recycle that money over time. And people really, this is the interesting thing then, like people know this already when it comes to housing.
There's not one person that buys a piece of real estate thinking it's a bad purchase, like I'll never get my money back. There are people who overspend on real estate, but they'll never think like buying a house is a disaster, like why did I buy a house? It's stupid.
There's not one person that buys a piece of real estate thinking it's a bad purchase, like I'll never get my money back. There are people who overspend on real estate, but they'll never think like buying a house is a disaster, like why did I buy a house? It's stupid.
they'll say oh well in a couple of years if i don't like it i'll upgrade it or get rid of it whatever get my money back but they don't learn to think that way when it comes to luxuries because society has brainwashed us to think that all luxuries are basically expenditures and you're throwing your money away but there has been especially post covid a significant shift
they'll say oh well in a couple of years if i don't like it i'll upgrade it or get rid of it whatever get my money back but they don't learn to think that way when it comes to luxuries because society has brainwashed us to think that all luxuries are basically expenditures and you're throwing your money away but there has been especially post covid a significant shift