Economy

Why Do People Stay In Ruts Episode – 208

September 14, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:47:11 0 Comments

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Patrick has been trying to get this week’s guest on the show for a VERY long time…  He’s tried forever!

The Wealth Standard is proud to welcome Synthia Donohoe to the show!  Yep, Patrick has been trying for quite a while to get his wife to be a guest!  A few weeks ago, Pat & Synthia were able to travel Mexico (where Synthia is from originally) to do some volunteer work in several different locations.  Together, they have a powerful discussion about different, economic classes and why people get stuck in ruts.

Synthia works with a non-profit organization called Stewfano which works to provide social services to people in poor and developing communities.  Synthia grew up in a very poor area of Sonora Mexico and is working to give back and help build a better future for her former home.

Here’s a few links to check out from this episode:

www.stewfano.org

Patricks article: “Your Number One Asset”

https://paradigmlife.net/resources/89/how-to-boost-wealth/

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When It Comes To Financial Preparedness, Question Everything!

August 25, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Life, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:43:44 0 Comments

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Patrick Donohoe and co-host Chunga talk about the 2 biggest demographic issues that could sink the U.S. economy!  It sounds pretty grim, but don’t be fooled by the negative tone.  There’s an awful lot of opportunity to build wealth for both young and old Americans that choose to plan wisely.

Issue #1 – College

 https://www.usnews.com/education/best-colleges/paying-for-college/articles/2015/07/29/chart-see-20-years-of-tuition-growth-at-national-universities

        – Cost of tuition – 50k for private 25k for public
        – Debt – 1.5T – can remember when it crossed 1T not too long ago
        – Parents paying for inflated tuitions & Opportunity Cost
        – Average Salary: 7% of median income – 25% median income
Issue #2 – Baby Boomer Care
        – Average boomer has 160k saved – 600/month for 20 years
        – Health Care = 377k average cost
        – Don’t have a clue about social security – they are always making changes – changes starting as early as January – Making a shift to a lower income for the highest taxable amount

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Social Security is BROKE! Episode – 204

August 18, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Life, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:49:12 1 Comment

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In this weeks episode of The Wealth Standard, Patrick and co-host Chunga discuss some newly released information concerning Social Security.

Many are now claiming that America’s Social Security program will most likely required a goverment bail out that’s 60x greater than the 2008 emergency bank bail out!  Social Security was never meant to support people for as long as it currently does.  Americans are living much longer than they were a few decades ago.  Medical experts, are now saying that “70 is the new 50” and “50 is the new 30”.  To make matters worse, women are having fewer children!  Meaning?  Fewer people are paying into Social Security while more and more people are relying on it!

How can this problem get fixed?  Can it be fixed to begin with?  If not, how much longer can we go before a catasrophic failure of our Social Security structure?  Listen now to get Patrick and Chunga’s analysis!

Here’s an article from Simon Black that you may want to check out:

 http://www.zerohedge.com/news/2017-08-11/social-security-requires-bailout-thats-60x-greater-2008-emergency-bank-handout

 

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Patrick Talks With Geoff Woods About “The One Thing”!

July 21, 2017 Patrick Donohoe Business, Economy, Education, Fashion, Finance, Food, Government, Health, Life, Money, Podcast, Politics, Science, Sport, Technology, The Wealth Standard, Tourism 00:38:27 1 Comment

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Geoff Woods is an entrepreneur and Vice President of Gary Keller’s “The One Thing”.  He’s been featured in Entrepreneur.com & he’s on a mission to teach people how to live a life of focus so they can have MORE by doing LESS!

What are models and systems that you can follow whether you’re a stay at home mom, or a billionare? What’s the one thing that will make your life better? Whats the one thing you can do such that by doing it everything else will be easier or unnecessary?  Geoff Woods is here to help you figure this out!

In the number one Wall Street Journal bestseller, “The One Thing”, Gary Keller has identified that behind every successful person is their ONE Thing. No matter how success is measured, personal or professional, only the ability to dismiss distractions and concentrate on your ONE Thing stands between you and your goals. The ONE Thing is about getting extraordinary results in every situation.

 

ONE Thing stands between you and your goals. The ONE Thing is about getting extraordinary results in every situation.

Here’s a few links to check out from this episode:

Become a “One Thing” member!

www.paradigmlife.net/one

www.the1thing.com

Tune in 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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Patrick talks with Author & Visionary Cameron Herold

July 14, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Life, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:38:18 0 Comments

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At this years Cash Flow Wealth Summit, Patrick Donohoe interviewed popular author and entrepreneur Cameron Herold.  Cameron is the writer of the critically acclaimed books “Double Double”, “Meetings Suck” and “The Miracle Morning for Entrepreneurs” and many others.  He was also give the title “CEO Whisperer” by Rich Karlgaard, the publisher of Forbes.

Cameron Herald was one of the keynote speakers at the 2017 Cash Flow Wealth Summit and was one of the most popular presentations of the entire event.  Listen now to hear his interview with Patrick!

 

Here’s a few links to check out from this episode:

www.cameronherold.com

www.cashflowwealthsummit.com

 

Tune in 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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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.