Wealth Standard Radio Podcast

The Three Most Important Assets – Episode 158

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.

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Links & Resources from this Episode:

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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

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

Paradigm Shifts with Paradigm Life – Episode 156

Today on the Wealth Standard Radio, our host, Patrick Donohoe interviews published author and experienced IT specialist Scotty Studer. Scotty shares his journey from “humming along” as he describes it to taking control of his finances and health through a series of paradigm shifts.

Scotty talks about his health journey, and how an upcoming cruise with his wife to celebrate a fifteen year anniversary made him realize that he had let things go. He describes the difficulties he had finding a plan that worked for him and his eventual success with health and his wieght.

Patrick and Scotty then move on to talk about finances, and how Scotty came to a paradigm shift regarding his finances and was inspired to seek out alternative ways to take control of his financial health. They talk about the solutions he found and his desire to share them with others in his book, Small Changes, Big Results: 26 simple changes to improve your faith, finances, health, and relationships.

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

Financial Planning for Now and Later – Episode 155

What do jelly beans have to do with your life? Today on our host Patrick Donohoe and guest Jeff Jaramillo sit down to talk about financial planning that actually matches our lifestyles and desires. They discuss the jelly bean video, where the author of the video breaks our life down into jelly beans (each jelly bean is a day) and shows us, on average, how many days we spend working, how many we spend sleeping, on vacation, taking a shower, etc. – and how few of those jelly beans that are really left for anything else.

They talk about the importance of financial planning that allows us to have time for family, for traveling, for actually living life the way that we want to live. The dichotomy most people live is being scared of spending the money they have now for fear of not having enough money in the future. Unfortunately, we don’t even know what our futures will be like or if we’ll even have one. Patrick and Jeff discuss the importance of putting our money in places where we can access and use it to allow you to have the experiences you want now – while still putting it in places where it can grow for the future.

Finally Jeff talks about his experience as a typical financial advisor and how he got pushed out of the industry after finding more effective, alternative financial arrangements. He discusses the freedom of never having to tell clients that their money has been lost. They discuss the flaws with traditional financial planning and the importance of planning for life now as well as later, without relying on the volatility of the stock market.

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

What Does Brexit Mean For the World Economy? – Episode 154

Are you wondering what effect Brexit (Britain leaving the European Union) might have on the world economy, and possibly your own personal economy? Today our host Patrick Donohoe, sits down with Spencer Couch, researcher and braniac, to talk about the effects of Brexit on the economy.

First they explore the possible motivations britons may have had in wanting to exit the European Union and the original goals and ideals of the EU – and whether or not those goals have been successful (no). After discussing the history and significance of this change, they talk through the days immediately following Brexit on the financial markets. Where those changes caused directly by Brexit, or by underlying economic flaws brought to light by the panic that Brexit has caused?

Finally, they talk about the volatility that, in this day and age, affects markets all over the world. Decisions made by Japanese, or British, or Brazilian voters can affect our economy and our markets almost instantly, unlike in the past where what happened over the atlantic and pacific didn’t have that much effect on the USA. Spencer and Patrick talk about the importance of protecting your money from this volatility and, in fact, the upside of volatility and change as it causes or world to stretch, change, and grow, faster than ever before.

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