Patrick Donohoe chats with Andy Tanner, of The CashFlow Academy, about risk management and how critical education is in dealing with finances. Patrick and Andy discuss the media’s value of emotion over true data. They look at shifting your perspective around what is “good” and what is “bad.” Finally, Andy explains a few of his educational courses and what they set out to accomplish.
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[1:40] Andy’s Philosophy
[4:16] Maslow’s Hierarchy of Needs
[6:13] Emotion Over Data
[11:44] Insurance is Risk Management
[13:34] It’s YOUR Money
[16:31] Defining Good and Bad
[22:53] Fiscal Irresponsibility
[26:06] Starting Your Education
[27:08] Andy’s Basic Courses
[30:36] Podcasts Empower People
[33:07] Information Gives Education Meaning
[35:41] What’s Going to Happen?
Share the Show with Tweetables:Look at the different areas of life. Money affects everything else, but it’s the thing people would exchange for well-being in other areas. Click To Tweet “When it comes to money and protecting it, my intuition tells me that it should be a life skill, not a skill-for-hire.” -Andy Tanner Click To Tweet Who cares whether storm clouds are coming or if it’s sunny? Risk management allows you to prepare for both equally. Click To Tweet