Join us on the journey towards financial independence and being unconstrained. Your host, Myles Wakeham, explores the art of financial sustainability and individual sovereignty resulting in a debt free lifestyle. If you want to be challenged by a contrarian, think outside the box and go against the grain, this show is for you. Myles has spent his life doing the polar opposite of the "social mantra" in multiple countries and this has resulted in extraordinary results. Open your mind to thinki ...
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Another episodic request from a listener on my travel hacking strategies and some updates in 2024 in how we are doing it.By Myles Wakeham
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EP244 - Things I would have done differently at 30
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Answering a listener's question, "What would have you done differently at the age of 30?". Well this is the complete answer, and you might be surprised by it.By Myles Wakeham
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EP243 - Getting out of dodge - The truth
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I received this request for an episode from a listener. ‘First, thanks for doing the show. I’ve been a loyal listener from back to the start. I’m from the USA and I am uncomfortable with where things are heading here. Can you explain your experiences with expatriation since you are now in Mexico?’ Absolutely. Here’s the full details.…
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If you were to Google search the word ‘Debt’ you would find (in general) that most comments on it put it in a bad light. Our parents taught us not to go into debt. But after receiving a request from a listener to talk about debt, I’m going to give you the truth about debt and all the arguments for and against it.…
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EP241 - Affordable home security and surveillance
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This was a request from one of our Patreon subscribers who asked, ‘Can you talk about home security and camera for home monitoring if you have experience with them’. So here’s the answer to how I approach it. Hope you can get some value out of this.By Myles Wakeham
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After 5 years of doing this podcast, and other podcasts for my patrons, I’ve decided to stop doing it, and will be stopping on episode 250. Why? Well take a listen and I’ll explain it all.By Myles Wakeham
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This episode attempts to give a state of the union in regards to AI, where we are, where we are going and the social and freedom impacts of this massive change we are all going to be faced with in the short term.By Myles Wakeham
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In 2024, at the recent SXSW convention in Austin, Texas, a movie was premiered that will be airing in April, called ‘Civil War’ by Alex Garland. There’s been a lot of post-apocalyptic movies and TV series released over the past decade, but this one seems to have touched a nerve with the American people. I want to talk about why in this episode.…
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Over the past 10 or so years, I’ve been noticing the divide between rich & poor is changing. After the 2008 GFC, the “Occupy Wall Street” movement protested against the 1% owners of the world, at the expense of the 99%, but alas – this didn’t change a thing. In fact it seems to have emboldened the uber rich, and the mission as just accelerated to c…
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EP236 - How a Mexican built her real estate portfolio from nothing
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My wife & I were at a friend’s place in San Miguel de Allende, Mexico a few weeks back, and we were chaJng with a local Mexican lady who has built up a small fortune in real estate. When I asked her how she did it, it was a massive contrast to western methods and yet seemed enNrely logical. Growing up poor with no money, how she did it is amazing a…
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While you are sleeping, there’s a risk to your enIre wealth and you probably never saw it looming. Your media never talked about it, most of those that are at least aware of it dismissed it as silliness or some conspiracy theory. But the risk has grown exponenIally in the past 12 months and now I think we are at Defcon levels of risk on this, and w…
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EP234 - The generational differences in attitude to retiring early
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Age brings wisdom. Age also loses flexibility in so many ways. Things don’t stand still and one must adjust to the universe because it won’t adjust to you. Having said that, I think that the attitudes to those seeking early retirement vs. those that are retiring because of end of career is very different and they don’t see eye to eye. Let’s talk ab…
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On a recent news story in Arizona, I was amused to see two news anchors (one an older gentleman and one younger lady) talking about a new AI infused technology that created handwriting of a person by using a robot. Their reactions to this tell a generational story about social life & expectations in the USA, and so I wanted to expand upon this in t…
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The advancement in technology brings a lot of fear, uncertainty & doubt to us. And recently one such invention appears to be doing this – GLP-1 inhibitors, used for diabetes but discovered to have massive impact on weight. The most common name you will hear is ‘Ozempic’. On this episode, I’m going to delve into this both from a medical & financial …
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EP231 - A theory on how you clear $34 Trillion of national debt
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On January 3rd, the US Federal short term debt showed up at $34 Trillion dollars. This doesn’t take into consideration of the long term liabilities on the balance sheet of country that go to the promised social security & Medicare payments for seniors. That would add another $80 Trillion to the tally. But this simply is the accumulation of decades …
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EP230 - Let's get real about the lies of retirement funds
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In this off script episode, I get real about the lies they tell you about 401Ks, IRAs, Superannuation funds, etc. I explain what they promised and what was delivered and why it is far from optimal for retirement vs. residential rental real estate properties.By Myles Wakeham
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This is a little tale about the dangers of proprietary technology and, when I broke my own rules, it came back to bite me big time. Let this be a warning to you all – your first option should always be to find an open source version of anything you need.By Myles Wakeham
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EP228 - The cheapest way to travel to Mexico
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I’ve made about 16 flights between the USA & Mexico in the past 12 months, and I’ve learned where the deals are, even if you are not using frequent flyer miles. On this episode, I’ll let you know what I found and where you can look to find super cheap deals.By Myles Wakeham
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EP227 - Living a Simple Life in a structured world
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This episode is a reset moment. Maybe one that is sorely needed. Our attention is all over the place these days, and yet we forget the simplest things that leads to true peace. As an embracement of the principles of a Simple Life, I give you something to think about – how you can survive in our journey through life, and to realize the wrong path th…
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EP226 - Why are students not coming to the USA to study?
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A good friend of mine who works in the community college world in Arizona sent me an article that he found on why international students won’t come to the USA to study. I spent the next 30 minutes or so explaining the entire reasons, and I thought you might be interested in the whole story. Here we go……
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EP225 - How early retirees are penalized in society (Part 2 of 2)
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The episode continues from 224. More of the things you need to consider as part of an early retirement strategy.By Myles Wakeham
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EP224 - How early retirees are penalized in society (Part 1 of 2)
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Everyone who slaves over a 50 hour a week job, sacrificing time from the family, the stress of meeting other people’s expectations, living paycheck to paycheck, dreams of exiting the rat race. The hope of early retirement drives them to save more, work harder now, and one day they can tell their boss, “Take this job & shove it”. But few understand …
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I am recording this episode at the end of the calendar year of 2023. It is at these times, when workers often get some break for the holidays, that their employers will praise them for their annual contribution – and often with some paltry “Christmas bonus” that typically is best portrayed in Charles Dickens “The Christmas Carol” with Ebeneezer Scr…
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EP222 - Oh NO! They closed the US border!
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Recently the state of Arizona had one of its border checkpoints in Lukeville closed by the US Federal Government. This was in response to an unexpected surge of inbound travelers and asylum seekers coming into the USA. The immigration challenges that we hear about on the Nightly news are far from the real story here, so I wanted to delve into the r…
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As many of you know, I had a career in the early 90s as a recording engineer in Hollywood. I left that to make money to feed my family, as I didn’t want to put them through the ‘hit & miss’ nature of that industry. After 25 years back in the tech space, I didn’t agree with where it was going, and in my mid 50s left it to return to my recording work…
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I’ve recorded a number of episodes on the perils of AI a few months back. As we march towards this innevitable chapter of our evolution, I realize that most of my issues with it is not because the technology is bad. It is the very limited few that will wield it like a weapon against us. So in what I think will be a thought provoking episode, I’m go…
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EP219 - The most wonderful time of the year?
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The song ‘It’s the most wonderful time of the year’ might hold up well for a warm feeling as the temperatures drop, but it was co-opted by the retail industry in a way to control the mind of the masses into mass consumption. Retailers make more money in this season than at anytime in the year, and the constrained are enslaved in debt from being gui…
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EP218 - How much do you really need to retire? (Part 2)
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The second half of the answer to the question "How much do you really need to retire?" after my shock of hearing the personal financial industry stating $4 million. As someone who has been living financially free for quite some time, I can tell you that this is a total lie and I'll explain the truth of what really is required.…
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EP217 - How much do you really need to retire? (Part 1)
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I came across this study on Seeking Alpha recently. It found that younger millennials — those around age 30 — would likely need at least $3.6 million saved up to enjoy a comfortable retirement. To be on the safe side, it might be wise to round that up to an even $4 million. This assumes that you want to retire no later than age 62 and have not yet …
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EP216 - The US constrained healthcare system
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I’ve had a lot of first hand experience in the USA at trying to get to simply see a doctor, and I’ve never seen it this bad before. When I hear recent news that the billionaires are inserting themselves into the tech AI space for healthcare research, and all these unicorn & rainbow stories we hear about how AI will change the game for healthcare re…
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I have tried to avoid any topic on politics because it just divides people. This episode has little to do with politics, however. But I would like to have an open, honest and frank discussion about government – particularly the US government, what I thought it was, what I discovered it was, and where I see this whole thing going.…
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EP214 - How I make 9.5% interest on an at-call bank account
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This is a discovery that I came across while hanging out with other expats here in Mexico where I am as I record this. But few people in the USA or other western countries seem to understand this opportunity. So let’s talk about it.By Myles Wakeham
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EP213 - Building our dream home in Mexico (Part 2 of 2)
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This is the 2nd episode in an update on what it's like to build a dream home in Mexico and my experiences so far.By Myles Wakeham
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EP212 - Building our dream home in Mexico (Part 1 of 2)
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If you have been listening to me for any length of time, you know that I’m currently developing a large property in central Mexico. Well in this episode I’ll do an update on where I’m at, what I’ve learned so far in the process and the trials & tribulations of doing what most people would fear to do, but to keep an eye on the epic results you can a…
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EP211 - Dividend stocks for fun and profit
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After selling our rental real estate, we were left with few forms of smart income. I began searching for alternatives. I realized that for the next few years, much of my time would be spent outside of the USA, so I needed something that didn’t require me to be physically present to manage them, but paid me a tidy sum each month. This led me to divi…
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In 2008, at the height of the global financial crisis in the US, I was heavily exposed to real estate debt due to some deals that had been done in the prior year, and ran the risk of being entirely wiped out. If it wasn’t for having assets in another country and sold them to fund the underwater position I found myself in, I would never have survive…
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Central planners are at it again. The fear of a ‘housing crisis’ has empowered government to create government housing by proxy. By using building regulations as a weapon, AZ government has created a trajectory towards 1970s style ghetto housing reminiscent of the low income apartments of Brooklyn. This model seems to be a reflection of the Califor…
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EP208 - Handling the upcoming stress of 2024
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It is now the third quarter of 2023, and already the media are gearing up to distract you, extort your attention and pumble your brain with more FUD, and anxiety than ever before. This is all in the lead up to the US 2024 Presidential Election. Regardless of the barrage of lies and distorted facts you will be subjected to, in this episode I want to…
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You work hard, you earn money, but you are broke. Why? In this episode I’m going to put out there a theory in the western world why people are broke, and it isn’t the reasons the media and society will tell you. It is not rampant inflation. It is not that you are not paid enough. It is actually far simpler – it is about the decisions you make, and …
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What happens with capitalism when AI takes over the economy? I’ve been giving this some thought, but to be honest I don’t have a conclusion yet. I cannot see an upside to this, and despite all the WOW factor that AI seems to have in the social construct, I don’t think anyone has really thought through the impact on capitalism & economics yet. Let’s…
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I just was reading the recent paper produced by the WEF entitled ‘Pathways to the regulation of crypto-assets – a Global Approach’ and it is frightening. Those that frequent Davos each year seem are throwing more and more resources in crafting a future for all of us, and it is a future that no-one other than the ruling elite would want.…
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EP204 - My current investment radar (Part 3)
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In this third and last part of my series on what's on my investment radar, we are going to talk about energy and what I’m doing in terms of investment strategy regarding it for the next 3, 5 and 10 years.By Myles Wakeham
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EP203 - My current investment radar (Part 2)
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In this 2nd part of a 3 part series, I'm unveiling my investment strategy regarding AI. No, not my philosophical position, but my investing position. Yes, there is a difference. Enjoy.By Myles Wakeham
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EP202 - My current investment radar (Part 1)
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If you are looking for financial advice, that’s not what I do. But I do share with people what I’m doing from a holistic position on my own investments, and this episode will cover some major strategic shifts I’m doing in light of new technologies and changing macro dynamics. So settle back and relax and I’ll share what I’m looking down the barrel …
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EP201 - Winning the war against distractions
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I was having lunch with my accountant and the subject of how different life felt outside the USA than within came up. I told him that after I had returned from a few weeks in Mexico, I found that I wasn’t getting anywhere near as much productive work done in the USA. And the one reason – distractions.…
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The temptation when a podcast gets to 200 episodes is to celebrate how we got this far. But when I did that, I realized that my success with this podcast came because of those who came before me, had faith in my work and befriended me. Gary Collins was one such person, and with his passing last year, I was shocked to see how his work was being lost…
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I was recently interviewed on another podcast in which the subject of why they thought Bitcoin was a poor store of value. I argued that Bitcoin is a perfect store of value – the question really comes down to what you are actually valuing it in. Where most of us choose our local currency as the basis of value and our wealth, I’m here to tell you tha…
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EP198 - Make money renting out your home for film shoots
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Once in a while, you bump into someone that is doing something unusual and creative and seems to understand the concept of Smart Income, as we teach it. Today I’m going to introduce you to one such person - Josh Lawlor, founder of The Film Shoot Rental Roadmap, and he’s going to explain how you can make big bucks by renting out access to your home …
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While your attention was being distracted towards the war in Ukraine, Debt ceiling negotiations, and even inflationary challenges, the central planners have been at work crafting the ultimate set of handcuffs the world has ever seen – FedNow. And in July 2023, this weaponized freedom grabber will go into full effect. In this episode, we will look a…
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EP196 - The government does NOT have your back
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Sometimes I get people asking me, “Myles, why is it that you left Australia where the government provide free healthcare, education, and a social security for the US where you have to work for it all, pay 12x more? And then you take that to the next level and are building in Mexico where the government provide almost nothing?”. There’s a simple ans…
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