The Unconstrained Podcast
267 episodes - English - Latest episode: 1 day ago - ★★★★★ - 40 ratingsJoin 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 thinking different, and getting MUCH better results for your finance, freedom and family.
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Episodes
EP049 - How to lose half of your entire net worth in 10 years
August 02, 2020 07:00 - 57 minutes - 132 MBIn this episode we talk about inflation and how those that are not keeping an eye on the looming threat could become a victim to it. Inflation is a cancer that erodes wealth in its path and the government numbers that are used to calculate base interest rates are just plain wrong. We will look at alternative inflation calculations that are more consistent with your normal experiences of shopping for groceries, fuel, health insurance, etc. and why you need to factor in these numbers in your p...
EP048 - Get out of dodge -6- Jonathan Lockwood
July 26, 2020 07:00 - 48 minutes - 112 MBThis is the final episode in this mini-series ''Get out of Dodge''. In this episode, I sit down with my friend Jonathan Lockwood and we talk about his journey out of the USA and into San Miguel de Allende, Mexico. Jonathan's journey involves leaving his religion and the turmoil that came with that, effectively driving him out of his home country in search of finding his truth.
EP047 - Get out of dodge -5- Andrew Henderson
July 19, 2020 07:00 - 56 minutes - 128 MBThe legendary Nomad Capitalist, Andrew Henderson, joins Myles on this episode to talk about going where you are treated best. Andrew tells his story, and why he decided to expatriate from the USA, along with renouncing his US Citizenship, what that was like, how it worked out and if he has any regrets. We discuss how you can move either your physical self overseas, or your financial wealth, or both. The choice is yours but having an expert to discuss strategies is an incredible opportunity, ...
EP046 - Get out of Dodge -4- James Guzman
July 12, 2020 07:00 - 54 minutes - 124 MBWe continue our journey down the path of expatriation, finding opportunities outside of your native land and looking at those who have done it. In this episode, Myles talks with his friend James Guzman from San Miguel de Allende, Mexico on his journey, why he chose to leave the USA in search of his future outside and what he discovered almost 10 years later. Enjoy!
EP045 - Get out of dodge -3- Travis Luther
July 05, 2020 07:00 - 46 minutes - 106 MBAuthor Travis Luther has just released a new book ''The Fun side of the Wall'' and it is all about those that wish to retire in Mexico. In this episode, I do a deep dive with Travis as we talk about the reasons that people do this, what they go in search for, what they find and whether they stay. Enjoy!
EP044 - Get out of dodge -2- Mikkel Thorup
June 28, 2020 07:00 - 1 hour - 140 MBThis is my first ''fireside chat'' with Mikkel Thorup on the subject of internationalization, expatriation, living a free life and escaping the clutches of western society. Mikkel is the best selling author of ''Expat Secrets'' available on Amazon, the host of the popular ''Expat Money Show'' and the guy behind the recent Offshore Escape summit.In this episode we sit down and talk about Mikkel's amazing story, how he has traveled to over 100 countries and spent the past 20 years living and t...
EP043 - Get out of dodge - Part 1
June 21, 2020 07:00 - 57 minutes - 132 MBI am introducing a series of five (5) interviews on how to prepare your life and your finances for internationalization. Being able to have a ''bug out'' strategy should the USA go through a possible financial collapse, social uprising, civil war or other potential catastrophic situation is critical in 2020. We will be describing how other countries have been down this road before, and introduce our upcoming interviews with thought leaders in this space.
EP042 - Debt is not a currency
June 14, 2020 07:00 - 1 hour - 190 MBThe one rule that I think everyone agrees to - whether you are Suzie Orman or a FIRE advocate, is that you CANNOT retire with any debt. When we use the term debt we are referring to personal debt - Im not talking about holding debt for income producing assets like real estate. But with this generally accepted rule, why is it that everyone is being hypnotized to think of debt as a currency?
EP041 - Why we work
June 07, 2020 07:00 - 51 minutes - 117 MBI've questioned this for all of my working life. What drives us to work? What is the real reason why we do what we do? And in this episode not only do I explore why, but I also explain the dangers of not working, how retirees run the risk of psychological issues, depression regardless of when they retire and what must be understood in order to successfully transition from wage slave to financially independent and survive mentally.
EP040A - Riots & Emergency Edition
June 01, 2020 07:00 - 1 hour - 137 MBThis is an out of cycle podcast recorded June 1st 2020. In this episode I cover the recent riots, martial law, lock downs and all things that threaten your freedom and being unconstrained.
EP040 - Going to Mexico for surgery
May 31, 2020 07:00 - 58 minutes - 133 MBLast year, I had a total shoulder replacement surgery done in Guadalajara, Mexico. It was a major success. I was quoted $125,000 for the surgery in the USA, and got it done for a total cost of $9,000 in Mexico.On this episode, I am interviewed on the Evan Brand podcast on the whole experience. Evan is a medical practitioner and wanted to know about the whole experience. Enjoy.
EP039 - I lost my job... Should I retire now?
May 24, 2020 07:00 - 1 hour - 144 MBSince many companies have decided to either close entirely or cut back as a result of the pandemic, those that have been on the path to FIRE are looking at whether they should exit work now, often earlier than planned, since the economic outlook is bleak.I'm going to give you my take on this and my suggestions. We'll do a deep dive on the economy and what the real decisions have to be in this episode.
EP038 - The Frugal Millionaire, Part 5 - Healthcare
May 17, 2020 07:00 - 1 hour - 144 MBIn this final episode in the Frugal Millionaire mini-series we cover how to be healthy and extend your life without destroying your finances.
EP037 - The Frugal Millionaire, Part 4 - Technology
May 10, 2020 07:00 - 1 hour - 172 MBIn this episode Myles covers how to save a ton of money with technology, but more importantly how to avoid being shackled by it. We discuss costs, obsolescence and most important, your privacy & freedom.
EP036 - The Frugal Millionaire - Part 3 - Cars
May 03, 2020 07:00 - 1 hour - 183 MBCars are the most expensive technological purchase that most of us will make. Yet saving money with them seems to be something we fail at more than succeed. In this episode we will revisit general best practices at frugal car ownership and you might be surprised at the recommendations.
EP035 - The Frugal Millionaire Part 2 - The Home
April 26, 2020 07:00 - 1 hour - 195 MBWe continue on with the theme of frugality. In this episode, I dig into home costs and how I have reduced them way down. These techniques may seem atypical for many, but the results are outstanding.
EP033 - The Frugal Millionaire Part 1
April 19, 2020 07:00 - 1 hour - 179 MBThis is the first in a small series I've been wanting to do on the podcast for a while. I thought it was timely since people are living in a world where they are losing their jobs, reduced income, small business closures, etc. and the natural path is to find ways to get by with less. This typically means cutting expenses. However the reality for the unconstrained is that frugality is just a way of life, so they are the best prepared for the ups and downs of the economy.
EP033 - Strategy and The End Game
April 12, 2020 07:00 - 52 minutes - 119 MBIn this episode I revisit why the quest to be unconstrained matters more during times of instability and crisis, and how mental clarity is the only hope of keeping you on the right path towards your freedom. Although we are in very interesting times, this is when those that can see what is going on with clarity are able to find the opportunities before others.
EP032 - Landlording in times of crisis
April 05, 2020 07:00 - 57 minutes - 132 MBOne major part of my Smart Income stream is rental real estate. Although it is not all of our income, it represents at least 50% of it, so when all of my tenants were forced to Shelter in Place and a large percentage lost their jobs, it brought back memories of 2008. Let me explain the strategies that we are doing so that it might help you determine yours.
EP031 - The Five Stages of Grief
March 29, 2020 07:00 - 1 hour - 142 MBThose with clarity of mind will see opportunities when all others see disaster. So how do you find mental peace and get that clarity? Simple. Get through the grief process faster than everyone else.
EP030 - Financial Sustainability in times of crisis
March 22, 2020 07:00 - 1 hour - 179 MBAs we navigate through these uncertain times, we take the opportunity to test the methods of Financial Sustainability against crisis and show it to be the best strategy to secure your future and your wealth going forward.
EP029 - The Covid19 Show
March 20, 2020 07:00 - 42 minutes - 96.6 MBThis is a impromptu show that i recorded to get timely information out as people are grappling with the effects of a pandemic and the facts that the mainstream media probably are not telling you.
EP028 - Talking strategy with Lynette Zang
March 15, 2020 07:00 - 1 hour - 148 MBOn today's show I am joined by the legendary economic analyst Lynette Zang on the big picture of why things are how they are, where they are going and what is likely to be the best investment and security option for the future.
EP027 - Decentralize all the things
March 08, 2020 07:00 - 55 minutes - 128 MBDecentralization is the key to survival both from a human population perspective, but also and probably more importantly from a financial perspective. In this episode we talk about why decentralization is critical, we celebrate crypto-currencies such as Bitcoin and how decentralization survives the greatest human challenges.
EP026 - Interview with Will
March 01, 2020 07:00 - 1 hour - 170 MBOn this weeks episode, I speak with Will - a journeyman on the mission to financial sustainability. Will is far further ahead on this journey than most, having already begun his acquisition of rental properties and already proven the power of smart income when faced with work interruptions. However like all journeys, he needs to optimization and improvement so we deep dive with him on how he can meet his goals and objectives faster.
EP025 - The recession is coming
February 23, 2020 07:00 - 1 hour - 150 MBIve heard for many years about the end of the boom times. This is nothing more than natural cycles in the universe coming into balance. So yeh, I agree. But when you artificially inflate a stock market to record highs for so long, the fall is coming from much higher points and you can imagine how that will feel for those falling off that cliff. Best you be prepared for this, so well go into details on what you can do now to avoid destruction now and find opportunities.
EP024 - Interview with Brian
February 16, 2020 07:00 - 1 hour - 157 MBBrian has an interesting story. He works in the financial services industry, has a regular 9-5 job, has a great family, etc. The perfect representation of Americana and middle class success. But he lacks hope and wants to be unconstrained. Are you Brian too? Take a listen and find out.
EP023 - Why Gold matters
February 09, 2020 07:00 - 38 minutes - 87.7 MBIn this episode, Im going to take you on a little journey with me as you watch how a contrarian sees the future, and acts in order to position for what could be the best ride of the 21st century so far. Strap in and enjoy the ride.
EP022 - Interview with Alex
February 01, 2020 07:00 - 1 hour - 155 MBThis is the first recorded listener interview in which Myles sits down with listener Alex and talks about his journey and challenges to be unconstrained. We hope you enjoy hearing his tale and how he has committed to the unconstrained journey.
EP021 - The pursuit of "Why"
January 26, 2020 07:00 - 42 minutes - 96.9 MBI speak to a lot of people who are trying to attain financial independence and the reasoning goes something like this - I dont like my job, so I want to make a lot of money, save it and quit.. I also speak to those that have done that, and they are not necessarily happy either. Lets put this all into perspective, and talk about Why we do this.
EP020 - What I learned from my 20s
January 19, 2020 07:00 - 41 minutes - 94.4 MBI was recently asked by a listener who is in his 20s, what my life looked like back then, and what did I do in my career, and what I learned from it. Let me venture down my memory lane, tell you what I learned and you might get to know me a bit better by the end of this episode. Strange thing is that I think I know myself better from recording this now.
EP019 - Is your opportunity a smart income opportunity?
January 12, 2020 07:00 - 40 minutes - 93.5 MBIt has taken me decades of mistakes to come to the realization of all the time wasting business endeavors that Ive pursued and how stupid they were. Not because they didnt make money, but because they became an albatross around my neck due to misunderstanding the entire point of Smart Income. In this episode Im going to tell you the secrets, so you can avoid my mistakes and fast track yourself to financial freedom.
EP018 - The Retirement Myth
January 05, 2020 07:00 - 36 minutes - 84.7 MBWe've been programmed into thinking about saving for retirement like it is a ceremonial event throughout our working lives, and that if we dont do this we are doomed to live on the street, in a cardboard box, or die early. Im going to dispel some of these myths and explain some alternative thinking you might want to entertain in this episode.
EP017 - Responsibility
December 15, 2019 07:00 - 31 minutes - 72.9 MBWhen I speak with people that are working a 9-5 job, investing in their 401K, etc. they ask me why they are not getting ahead. It is hard to tell them this, but Ill tell you - it is because they are not taking any responsibility for their lives and deferred it to a third party. The unconstrained know the buck stops on their desks so lets have a chat about responsibility.
EP016 - Risk Management
December 08, 2019 07:00 - 47 minutes - 110 MBThere is no progress without risk. Investment returns are tied to risk. You get up in the morning and live your life - thats a risk. There are risks everywhere. The key is knowing your tolerance for risk, how to manage and live with them, and seek out enormous returns with proper risk management.
EP015 - The fallacies of FIRE and The Stock Market
December 01, 2019 07:00 - 34 minutes - 78 MBThe traditional thinking of Financial Independence is to amass a large amount of cash by savings, then invest it at interest rates that return more than a draw rate, and eventually you can retire. In this episode we are going to burst that bubble by focusing on the falacies of this approach and how Financial Sustainability offers a contrarian position that you might want to entertain.
EP014 - College... Red Pill or Blue Pill
November 25, 2019 07:00 - 30 minutes - 69.5 MBThis episode shines a light on the choice of going to college. Parents and students are trying to make the right decisions for this important choice. I am going to give you some ideas you may not be yet considering... The Red Pill approach.
EP013 - The Real Estate Show
November 17, 2019 07:00 - 50 minutes - 116 MBI am 100% financially sustainable because of my rental real estate investments. But it didnt start out that easily, so Im going to share what worked and what didnt work in my real estate portfolio and how, once you discover what works for you, you can scale it to the moon and live 100% financially independent and sustainable.
EP012 - The future of labor
November 10, 2019 07:00 - 1 hour - 158 MBHistory teaches us that the path to immense wealth involves punting on the future. Today Im going to focus on what I see as innevitable changes coming to the world in the next five or ten year horizon, how this impacts those pursing financial independence and early retirement and how that may underscore the importance of being unconstrained.
EP011 - The Unconstrained Mindset
November 02, 2019 07:00 - 46 minutes - 105 MBAfter a recent discussion with someone on Twitter, I tried to explain how simple it is to achieve financial sustainability. All I received back after offering this information were excuses... But I cant do that? or How can I get enough money to make a downpayment on a rental property?. It seemed that every answer to how to live unconstrained was rebutted with a perception on why that person couldnt do it. I was confused. I didnt understand how to every solution offered, the recipient counter...
EP010 - Constrained by China
October 28, 2019 07:00 - 33 minutes - 77.6 MBI've seen with my own eyes how Australia sold itself out to China and may as well now be a province of Beijing. But this happens at the ground floor with individual decisions so lets expose some of the danger here and what you can do to avoid becoming constrained by yet another rising empire regardless of where you live on this planet.
EP009 - What is Money?
October 22, 2019 07:00 - 33 minutes - 77.1 MBSpoiler Alert: I dont know the answer to this question. But in my quest to understand it, and the art of using it to acquire what we need, Ive discovered many stories and hacks along the way. In this episode Im going to tell a few of them, including an overview of my adventures with Bitcoin.
EP008 - Internationalization and Travel
October 13, 2019 07:00 - 1 hour - 139 MBWhat is the #1 thing that new retirees do? Travel. By reclaiming their right to their time, travel becomes the best use of it. But if you consider yourself to be a free spirit and a citizen of the planet, you will already know that travel comes with huge benefits and many are not obvious until you get out there and see the world. Lets talk about why internationalization and travel are critical activities for the unconstrained.
EP007 - Protect Yourself
October 06, 2019 07:00 - 55 minutes - 126 MBOn this episode we discuss the methods of protecting yourself, your assets and your businesses in the 21st century, and how most of the time you are your own worst enemy when it comes to asset protection.
EP006 - Smart Healthcare
September 28, 2019 07:00 - 58 minutes - 134 MBOn this episode we delve into the dysfunction and constraints of the US healthcare system and how I recently got better outcomes for 1/10th of the cost, by having major surgery in a foreign country.
EP005 - Smart Income
August 29, 2019 07:00 - 33 minutes - 77.8 MBIn this episode we will talk about how to make your income with Smart money, how to focus your brain and habits to find opportunities that no one else finds, and Ill give you a real world example one investment strategy, not the only one, but one that has worked for me before.
EP004 - Feel the Burn Rate
August 19, 2019 07:00 - 26 minutes - 61.5 MBIn this episode we look at the first stage in setting up a life for financial sustainability - getting your expenses under control and your BURN RATE.BURN RATE is critical to having the flexibility to move towards a life based on passive income generation (or financial sustainability as we call it) and we show you the truth behind the concept that $1 saved = $3 earned.
EP003 - The Magic Formula
August 03, 2019 07:00 - 29 minutes - 68.1 MBWe discuss the secret to living an unconstrained life by disclosing the secret of how one must use Financial Sustainability and focus on their burn rate. We introduce the math of the process and how the current FIRE followers are basing their efforts on a flawed paradigm.
EP002-In Capitalism You are a business
July 27, 2019 07:00 - 34 minutes - 80.2 MBThis is the philosophy of Financial Sustainability. In this first FS episode, we talk about the concepts and methodologies of FS, introducing the concept of how capitalism works and the expectations it has for any participant. We explain about accounting and record keeping, so give you the tools you will need to measure and optimize your finances to keep you unconstrained.
EP001-Introduction
July 20, 2019 07:00 - 33 minutes - 78.9 MBIntroducing the Unconstrained Podcast and the concept of being unconstrained through the art of Financial Sustainability.Similar to the concept of Financial Independence and the FIRE movement, being unconstrained focuses on the mistakes of most people in the 21st century that results in a life of debt, enslavement and lack of freedom. We provide solutions to these problems, so spend some time with us to find out more about how to be truly unconstrained