EPISODE · Sep 15, 2021 · 48 MIN
Abating Risk In Your Portfolio Can Save You From the Poor House
from Blue Collar Money: Theories of Middle Class Investing · host PW Gopal
Risk lies in two areas: the Investor and the Investmenthere are a few questions to consider when evaluating both yourself and the investment you wish to pursue: INVESTORHow safe is my job market?How safe is my job?How is my mental margin?Have I finished my safety plan (wills, trusts and insurances)?INVESTMENTProductivity potential revolves around due diligence of the market, market position or share of the investment and your due diligence.Assess risk and disruptors (See IMN Special Assets conferences)Lane of Investment - we see picking a lane of investment as paramount and we use a simple formula: Values + Gifting + Wealth of Knowledge + Cash Flow = Lane of InvestmentSurrender the OutcomeCount the small wins and continue learning from the wins and defeatsFind a good solid set of coaches to walk you through the rhythms of each industry.Find people to learn with - vision comes from many eyes and wisdom follows. Contact:PW [email protected]@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your [email protected]
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What this episode covers
In this episode we revisit Value #6: Cash Flow and Risk, from our BCM "Mindset of An Investor" Series, and talk through how Margin plays into abating risk in our investment habits and portfolio.
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Abating Risk In Your Portfolio Can Save You From the Poor House
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