Patrick Donohoe

The Role of Emotional Needs in Finance – Episode 137

February 17, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:33:44 0 Comments

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Welcome to the 137th episode of The Wealth Standard Radio. Join us as we discuss six different emotional needs that we all face at some point in our lives, and how those needs might influence our financial decisions, for better or for worse. Find out how to effectively manage your emotional needs so they work for you, not against you.

Some of our most important financial needs include both the need for certainty, and the need for uncertainty. This can drastically influence what investment and savings options we choose for ourselves. Learn how you can meet your need for uncertainty without jeopardizing your money’s safety by looking for opportunities for growth and utilizing mentors.

Patrick also talks about the importance of recognizing some of our other emotional needs, and how we are going to have to deal with them, whether we are honest with ourselves or not. Discovering our emotional principles can help us acknowledge our need for significance and maintain our relationships and connections, inside and outside of business. Perhaps most important of all, Patrick talks about our need to contribute and to give back to our environment in a positive way.

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Can the Post Office Be a Bank? And Other Questions for A Changing World – Episode 136

February 10, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:38:23 0 Comments

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Join Patrick Donohoe and Noah Kelsch on this episode of the Wealth Standard Radio as they talk about the post office becoming a bank, volatility in the markets, and personal motivations to improve.

The post office is fifty billion dollars in debt – and for most business, that would mean bankruptcy. However, instead the post office is considering taking on some of the services of a bank, such as quick lending. If you’re the postmaster general, this could seem like a great idea. You have banks all over the country, and it could be brilliant way to offset the debt that you have on the books. However, does it mean that the public will foot the bill (again) if their plan fails?

Patrick and Noah also talk about the volatility of the market, and why people continue to participate when they understand the odds but don’t understand what they’re doing. The hypothesize that our fundamental need for uncertainty pushes us to invest the same way some people like to gamble. They discuss the role of fear in our financial decisions and world-views.

Finally, Noah and Patrick talk about what helps them personally to improve. How important is personal development to you in your personal life? They discuss what motivates them to keep going and to keep meeting challenges and what stops other people from pursuing their goals. They also discuss what to do to start taking advantage of the opportunities that are all around us.

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Technology and Your Money – Episode 135

February 3, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:46:49 0 Comments

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Patrick Donohoe and David Torsak sit down to talk about understanding the principles of wealth and the revolution of technology. They discuss the influence that technology has on wealth and how it changes our control.

They discuss how human beings are imperfect, and we are always coming up with new ways to avoid making the same mistake, or learning from others mistakes. There are always improvements to be made and technology can assist in those improvements and changes. Technology is a disruption and will shake things up for companies. The companies that adapt will be successful, but the ones who can’t will fail or go out of business.

They talk about how education is being too disrupted by technology because of the vast amount of information that is available. The dynamics of the education relationship between teacher and student are changing. Education is being viewed differently and as a result the way people are taught is also changing.

They finish by warning against the dangers of allowing these technological disruptions aid you in making rash judgments. It’s more important ever to be extra cautious, and make sound financial judgements.

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Mastering the Business of You, Insights Gleaned from Tony Robbins – Episode 134

January 28, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:58:04 0 Comments

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In this special edition of The Wealth Standard Radio show, Patrick Donohoe and Wealth Strategist, John Stewart share their insights from the Business Mastery conference with Tony Robbins. They will discuss how to view and grow yourself as a business – both personally and professionally and interview a special mystery guest. So join in, they are amped up and ready to share some of the amazing things they have learned.

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Another look at The Big Short & China with Rich Dad Advisor Andy Tanner – Episode 133

January 28, 2016 Patrick Donohoe Podcast, The Wealth Standard 01:01:03 0 Comments

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In this episode of the Wealth Standard, Patrick Donohoe and Andy Tanner sit down to discuss the movie “The Big Short” and how it relates to real life. Patrick and Andy discuss what “shorting” is and how it affects the market. They than relate the current events that have conspired in China and their culture. They discuss the traditions of culture and skepticism that the newer generation is having and how they are finding untraditional ways to access knowledge. They sum up the lessons that they learned from “The Big Short” and how the culture we know now is changing and will continue to change.

• Visit: http://paradigmlife.wpengine.com
• Email: info@paradigmlife.net
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About the host

Patrick Donohoe

Patrick Donohoe

CEO Paradigm Life

Patrick is the President and CEO and started Paradigm Life in 2007 after learning from his mentor Kim Butler about financial strategies outside of Wall Street.

With a background in economics and marketing, Patrick immediately realized the opportunity to teach investors, business owners, professionals and families on a large scale using modern digital media and communication technology. Since 2007 Paradigm Life has worked with thousands of individuals in all 50 states.