Podcast

Psychological Lessons from the Olympics for Life & Business – Episode 161

August 24, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:43:30 0 Comments

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Chances are, if you’re like most Americans, you’ve spent some portion of the last week watching the olympics. Now that the spectacle is dying down and we’re saying goodbye to the (summer) Olympics for another four years, what can we take away? On today’s episode of the Wealth Standard radio, our host Patrick Donohoe sits down to talk about the psychological lives of the competing Olympic athletes, and what we can learn from their attitudes and prepartion for our own lives.  

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

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Show Notes

00:00 Intro
00:44 Comparing Past Olympian to Today’s Olympians
05:31 The Olympic Upbringing
07:35 The Consistency of Human Progress
10:07 Lessons Learned From Michael Phelps & The Margin of Victory
15:42 Focusing on the Little Things that Make the Difference
18:11 How to Keep Pushing the Limit
21:04 Winners Focus on Winning, Losers Focus on Losing
24:41 The Preparation of Usain Bolt
29:58 IQ & EQ
36:11 Dealing with Disappointment
42:48 Achieving Fulfillment
43:21 Outro

How Not to be Fleeced on Your Automobile Loan- Episode 160

August 17, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:45:44 0 Comments

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Almost everyone needs to own or lease a car at some point of their life, but the sad truth is that the average individual loses $10,000 per car. How can you make sure that you buy or lease the right car for you, with the right financing to back it? Today our host Patrick Donohoe and guest Will Street sit down to talk about the economics of automobile loans, what’s going on in that industry today, and how to protect yourself from losing money or being suckered when financing a car.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Links & Resources from this Episode:

Get On Demand Access to ALL of the recordings from the Wealth Summit

 

Show Notes

00:00 Intro

00:15 Introducing Will of the Streets (Will Street)

02:20 Investment, The Big Short, & The Subprime Loan Industry

07:54 A Closer Look at the Mortgage Industry

09:53 The Potential for Mortgage Defaults

11:55 The Bubble in Student Loans & Automobile Loans

19:05 What to Do About This: Looking for CDO or ABA Defaults

26:06 What Happened in 2012?

29:08 What is Your Due Diligence Process

41:23 Looking at Three Different Ways to Buy a Car

42:02 How You Are Treated When You Show Up to the Dealership

45:37 Outro

Talking Negative Interest Rates with Matt Kerkhoff – Episode 159

August 10, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:51:43 0 Comments

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What are negative interest rate policies for? Why are some banks considering implementing them? And do they really work? Today our hosts, Patrick Donohoe and special guest Matt Kerkhoff from Model Investing sit down to go more in depth about one of previous podcast topics, negative interest rates. Join them for an in depth discussion of the effects of current and hypothetical economic policies on your money and our nation’s money!

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Links & Resources from this Episode:

Get On Demand Access to ALL of the recordings from the Wealth Summit

Show Notes

0:00 Intro

0:24 Introducing Matt Kerkhoff from Model Investing

8:35 What is NERP (Negative Interest Rate Policy)

9:59 What is the Philosophy of the Fed?

15:31 Why Wouldn’t it Working?

18:49 Are the Markets Ready for Negative Interest Rates?

22:07 Debt, Inflation, and Negative Interest Rate

23:01 Is it Possible to Run out of Demand?

27:15 Boiling Things Down

29:32 When Does the Day of Reckoning Come?

31:27 How Do You Know When To Start?

35:17 Are We Prepared for Deflation?

40:22 Preparing for Change

51:39 Outro

The Three Most Important Assets – Episode 158

August 3, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:44:27 0 Comments

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Don’t miss this opportunity to hear Patrick Donohoe’s speech from the Cash Flow Wealth Summit! Today on the Wealth Standard Radio we are playing the audio from Patrick’s speech at the Cash Flow Wealth Summit about the three most important assets for financial independence. Find out why the most important asset is yourself, how the perpetual wealth strategy can benefit you or your business, and finally how you can gain competence dealing in material assets.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Links & Resources from this Episode:

Get On Demand Access to ALL of the recordings from the Wealth Summit

 

Show Notes

00:00 Intro

01:05 Pat’s Presentation from the Cash Flow Wealth Summit

02:40 Paradigm Life’s Journey

04:16 The Three Steps to Financial Independence

04:59 The Number One Asset: You

24:04 The Number Two Asset: The Perpetual Wealth Standard

36:51 The Number Three Asset: Material Assets

44:20 Outro

Voodoo Banking with Negative Interest Rates – Episode 157

July 27, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:41:22 0 Comments

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Would you pay someone to let them use your money? Even that sentence is difficult to parse because the concept of paying to let someone else borrow and profit off your money is so absurd! And yet. Welcome to the world of negative interest rates and so called “voodoo” banking.

Today our host Patrick Donohoe sits down with guest Bryan McCloskey to talk about negative interest rates, what they are, why they exist, and the effect that they are having on the economy. Patrick and Bryan reference the research done by the Palm Beach Research Group and their recent newsletter elucidating the rise of negative interest rates around the globe. (see this excerpt!)

 It Begins: Negative interest rate “voodoo banking” is here for 850,000 depositors

The Guardian reports British bank NatWest will begin charging its patrons to hold cash in the bank. Said another way, negative interest rates are now affecting everyday bank customers…Over 850,000 depositors will soon pay their banks for their “savings” accounts…

[Negative interest rates are a perversion of normal lending practices. Some call it “voodoo banking.” Instead of earning interest on deposits and bonds, negative interest rates mean you pay to let others use your money.]

We’ve long tracked the spread of negative interest rates around the globe (see here, here, and here). Until now, regular bank depositors have avoided paying negative interest in most cases. It’s the banks themselves that have paid to keep funds on deposit at their country’s central bank.

But that’s all changing…

Reuters reports Switzerland’s largest bank, UBS, couldn’t rule out passing negative interest rate charges on to its regular clientele. And NL Times reports Dutch bank ABN AMRO will charge its business customers to hold their money at the bank by October 1.

Longtime Daily readers know these are all part of the global War on Cash…

Central banks have lowered rates into negative territory to try to stimulate their economies. They hoped folks would choose to spend or invest their money rather than pay negative interest rates on their deposits.

Tune it to hear Patrick and Bryan discuss this recent development and its implications for our money in detail.

If you liked this episode, join us for our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

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.