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Welcome to the 113th episode of the Wealth Standard! Join us as we sit down with Ryan and Brad to discuss the end of the world! Well, sort of. We discuss what preparation makes sense for shaky financial times – upcoming horizons like the October financial events. Learn how to put your money into productive assets (like sheep!) and protect yourself and those around you from risk.
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Show Notes:
0:00 Intro
0:25 The End of The World As We Know It: What Preparation Makes Sense
2:25 What Olympic Winnings, Sheep, and Inflation Have In Common
5:56 Is There a Silver Bullet for People to Protect Themselves?
6:21 Why Using Your Assets Productively Creates Value for Other People
8:01 Is Your Financial Plan Providing Value to You Or Anyone Else?
10:09 Market Based Plans Don’t Function Like Sheep: The First Step to Putting Your Money In Productive Assets
12:37 The Second Step: Beginning To Put Your Assets in The Right Place
16:09 The Role of Fear: How To Face The Next Event on The Horizon
17:41 Security in Diversity: Hedging Your Bets
18:40 You Are Your Most Important Asset: How To Protect Yourself and Those Around You From Risk
19:52 Your Number One Asset, Your Number One Investment, and Your Number One Strategy
21:41 A Plan Based On Hope (And Why That’s Not A Good Thing)
23:09 Everything Changes, Including Your Money: Why You Should Learning Principles, Not Technicalities
26:52 How Not To Buy Products and Invest In Systems Instead
29:15 Moving At Full Speed: The Right Time to Make a Mistake
32:11 Outro
Share the Show with Tweetables:
I don't know much about sheep, but just thinking about sheep as payment...there are a lot of different productive uses for a sheep. Click To Tweet No action is action....and it's going to be, probably the worst solution. Click To Tweet Think sheep. Click To Tweet Find whatever it is, that acts more like sheep rather than cash in a bank account. Click To Tweet If we approach the horizon with fear, we're always going to be sitting on the sidelines. Click To Tweet “If Click To Tweet
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