Blue Collar Money: Theories of Middle Class Investing

Abating Risk In Your Portfolio Can Save You From the Poor House

Episode Summary

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.

Episode Notes

Risk lies in two areas:  the Investor and the Investment

here are a few questions to consider when evaluating both yourself and the investment you wish to pursue:  

INVESTOR

  1. How safe is my job market?
  2. How safe is my job?
  3. How is my mental margin?
  4. Have I finished my safety plan (wills, trusts and insurances)?

INVESTMENT

  1. Productivity potential revolves around due diligence of the market, market position or share of the investment and your due diligence.
  2. Assess risk and disruptors (See IMN Special Assets conferences)
  3. 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 Investment
  4. Surrender the Outcome
  5. Count the small wins and continue learning from the wins and defeats
  6. Find a good solid set of coaches to walk you through the rhythms of each industry.
  7. Find people to learn with - vision comes from many eyes and wisdom follows.

 

Contact:

PW Gopal

pwgopal@pwgopal.com

pw.gopal@thebluecollarmoney.com

thebluecollarmoney.com

pwgopal.com

 

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pw.gopal@thebluecollarmoney.com