CW 398: Wall Street Stock Swindlers & Student Debt with Zac Bissonnette Author of 'Good Advice From Bad People'

Zac Bissonnette is the author of, "GOOD ADVICE FROM BAD PEOPLE: Selected Wisdom from Murderers, Stock Swindlers, and Lance Armstrong." He previously wrote, "How to Be Richer, Smarter, and Better-Looking Than Your Parents", and "Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents." Bissonnette discusses why car loans are for suckers and why leasing a car is a poor choice. He then talks about the influence parents have on their kids' decisions relating to financial management and the correlation between spending and watching television. Bissonnette finishes the discussion by analyzing some of the worst advice given in the modern day: "When you know what you are talking about, others will follow you, because it's safe to follow you." —Lehman Brothers CEO Richard Fuld, 2006 "Winning is about heart…. It's got to be in the right place." – Lance Armstrong "The day you take complete responsibility for yourself, the day you stop making any excuse, that's the day you start to the top." –O.J. Simpson, 1975 "I think the most important thing is restore a sense of idealism and end the cynicism." –future Illinois Governor Rod Blagojevich, 2002 "The best chance for the average investor is to put money in an index fund." – Bernie Madoff Key Takeaways: (2:30) Discussing financing options with Randy Luebke (6:15) Recourse and non-recourse loans (16:43) Discussion of debt coverage ratios (18:48) Overview of a pro forma (25:20) Introducing Zac Bissonnette (29:07) Zac Bissonnette talks about Wall Street and stock swindlers (34:34) Thoughts on student loan debt (36:41) Advice from murderers (38:00) Closing comments Links: Find out more about Zac Bissonnette at .

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CW 398: Wall Street Stock Swindlers & Student Debt with Zac Bissonnette Author of 'Good Advice From Bad People' is an episode from Creating Wealth Real Estate Investing - Archive Episodes 301-400 by Jason Hartman.

This episode is 41:11 long.

This episode was published on Feb 10, 2016.

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