Are Millennials Really Falling Behind in Building Wealth? Part 2: The Narratives that are Redefining Wealth for a New Generation' episode artwork

EPISODE · Jun 23, 2021 · 56 MIN

Are Millennials Really Falling Behind in Building Wealth? Part 2: The Narratives that are Redefining Wealth for a New Generation'

from Blue Collar Money: Theories of Middle Class Investing · host PW Gopal, Mike Hatch

 Please join us for the first, BLUE COLLAR MONEY MASTERMIND: INVESTING FOR KINGDOM IMPACT starting Wednesday July 21st, 2021 at 12n.  We will be meeting for 5 sessions thru August 18 and will be discussing the possibilities of getting financially unstuck, becoming a producer of value and reinvesting into the Kingdom of God.The cost of the course is  $199 for the Beta of this Mastermind ($497 for future Masterminds) and you can sign up by emailing Mike Hatch at [email protected] with "mastermind" in the subject line. The following are the Narratives we use to solve  for defining an individual or family plan for investment...The 5 Macro Narratives:Global EconomicsU.S. FinancePoliticsMedia/ TechnologyCivil Rights  There is a trail of information that can be trusted but it lies in the relationship between the above arenas. If you can familiarize yourself with how these affect US Finance,  the following truths can help you understand the game being played and distill your plan: The 7 Truths of U.S. Finance:There will always be a marketplace (for the buyer, seller and speculator).There will always be an arbitrageThere will always be speculators and market makers that will show you where the arbitrage exists.  Their presence will also affect volatility and price action.Some people will always cheat. Not all, but some.Small timeframes take the blame /credit for moves in the market.People are people.  Human nature hasn't changed in 800 years of recorded financial history.The Herd consumes...productivity exists outside of the herd.Final Points:You cant play the game and beat the game by making moral judgements against the game or the people.  Don't dismiss the information because of its origin...but instead, become a learner.Hate debt.... every kind and all kinds of it.  Once you have a healthy hatred of it, you can then decide which debt you will keep to move you forward.Understand the $/ Currency relationshipSelf Determination is a moral endeavor - God has set you free... now go live free and free others to do the same.  Freeing people, adding margin and value to someones life is a Holy endeavor.   Resources / Mentions:https://www.bloomberg.com/features/2021-millennials-are-running-out-of-time/The Fourth Turning - Strauss/ HoweProverbs 3:5,6U.S. Debt Collapse: $20,000 Gold - Mike MaloneyIMN Banking Conferences  Contact:PW Gopal - [email protected], [email protected] Hatch - [email protected]

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In this episode we drill down to talk through some of the differences in values between Boomers /Gen X and the millennial generations regarding wealth and investing. Is it truly possible for a millennial to catch up financially and start an investment portfolio? We believe they can but it requires some planning and some destruction of myths around the typical definitions of wealth.

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Are Millennials Really Falling Behind in Building Wealth? Part 2: The Narratives that are Redefining Wealth for a New Generation'

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