|Ep.54| IBC and the Psychology of Money - Luck and Risk

Episode 54: IBC and the Psychology of Money - Luck and Risk Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave continues exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  In this chapter, Housel examines the roles both luck and risk play within any financial maneuver.  Dave discusses some specific examples, relates Housel’s premise to IBC, and then compares and contrasts Housel’s thinking within the ideology of the Infinite Banking Concept. Also in this episode, Dave thinks his episodes are cool, he buys silver, and he tries to sound smart by using the word metacognition.  Don’t miss this episode to see how luck/risk fit into the ideology of IBC! Key takeaway: Both luck and risk play major roles within any financial investment.  Acknowledging this leads to humbleness when things go well and sympathy when they don’t.  IBC helps mitigate both luck and risk when investing.   Resources Mentioned: [Link HERE] Morgan Housel’s The Psychology of Money 📩 Email: [email protected] | [email protected] 📞 Call: 507-205-2284 📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min   📱 Follow us on social media:  Dave’s Facebook: https://www.facebook.com/dave.parmerlee Dave’s Instagram: https://www.instagram.com/dave_ibcguys/ Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/   Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545 Mike’s Instagram: https://www.instagram.com/mike_ibcguys/ Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/   🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!