Ep. 559: Daniel DiPiazza Interview with Michael Covel on Trend Following Radio

Daniel DiPiazza
Daniel DiPiazza

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Daniel DiPiazza is founder of the blog and podcast Rich20Something, which is also the title of his first book, “Rich20Something: Ditch Your Average Job, Start an Epic Business, and Score the Life You Want.” How did Daniel understand in his 20’s that he needed to make a big move to set himself up for life? He knew he needed something else. He wanted more than others were able to give him so he decided to start off on his own. His brand sprung up out of frustration.

Michael and Daniel spend time talking about the disadvantages of college. College can be one of the quickest ways to set yourself back a few years and get into massive debt. They seem more like zoo’s these days than places of education. Most kids think at the end of their school career, from kindergarden through college, there is going to be some big prize at the end. Usually there is massive debt and an entry level job waiting for you. Time spent in school should be about actual life skills, like how to manage money, rather than long hand algebra that most will never use. School has turned into a huge business that is more predatory rather than innocent.

Michael and Daniel finish the podcast breaking apart social media. When you compare technology and distractions in terms of pre and post internet, social media can be seen as a huge distraction. If you embrace social media as a different way to talk, engage, and communicate then it is easier to see it as a tool rather than a hindrance.

In this episode of Trend Following Radio:

  • Compounding money early in life
  • Rogue memorization
  • Non-linear networking
  • Getting a side hustle
  • Distraction
  • Ruthless prioritization
  • Social media

Mentions & Resources:

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You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content. Out April 24th 2017.