EPISODE · Jun 3, 2020 · 40 MIN
Investor Mindset - Value #4 The Order of Investing, Part 2
from Blue Collar Money: Theories of Middle Class Investing · host Mike Hatch, PW Gopal
Values - family values that dictate direction, risk and investment strategyEmergency fund - the benefit of having a $1500 emergency fund set up to offset healthcare or automotive bills. This is especially effective when paying off debt and pushing any excess funds to reducing debt.Debt - speaks for itself - every family and individual needs to utilize a plan for reducing debt to prepare for an investment future.Hedge - a safety bet meant to protect market investments. Our discussion centered out the use of gold and silver, specifically.Savings - self explanatorySafety - this requires ongoing conversation and attention to the wills, trusts and insurance policies that protect wealth and wealth transferCash Flow - one of many products or markets that can produce monthly remuneration for value.Conservative Investing - stocks, bonds, annuities, 401k, IRA's etc.High Risk Investing - futures and some options productsWealth Transfer - we recommend working with a fiduciary to set up draws from your investment products and to protect the investments passed on to your family.Equity Stakes - we believe that the new stock market will be holding equity stakes in small businesses. Additional resources:The Gospel of Wealth - Andrew Carnegie https://amzn.to/2AyOhV4Convive Coffee - Pittsburgh, PA www.convivecoffee.com
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What this episode covers
In Part 2 of our discussion on the Order of Investing we discuss some of the mechanical components of aligning our values and investments in our short term and long term narrative.
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Investor Mindset - Value #4 The Order of Investing, Part 2
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