In this episode we unpack the lessons we learned from our time with listener and friend, Chase Hardin. If you are in your twenties or thirties, like Chase, your education in stewardship and investment is paramount to securing a sound financial plan. The Game is rigged... we all know it... we all have to play it... but there is an alternative to living by the rules of a manipulated game.
In a season where information is highly manipulated, it is becoming increasingly difficult to trust curated information - information that you want to use to build a wealth strategy. So how do you move forward? Especially as a young professional or working stiff, where is the margin / time to weigh the words of one side against the other.
1. LISTEN: START A MEDITATIVE RELATIONSHIP WITH GOD - listen and listen and listen for his voice. It can only happen with practice and stillness but it can easily accelerate your learning.
2. STUDY:
READ THE OLD STUFF FROM THE OLD PEOPLE: It's simple. Reach back to the times when information wasn't being weaponized by red and blue against the opposition. Read the historical books/ accounts of money and understand the movements of those specific leaders. The human animal is still the same and the aggregate of them - what we call the "herd", still makes the same moves. They have for hundreds of years.
LEARN THE BASICS OF THE BASIC NARRATIVES: Learn the basic narratives and it will help you catch up on the ongoing conversation of money and finance. (See E3 - "Learn the Narratives"). AND, it will help you engage that conversation because the language will not be the prohibitive element.
3. CAPTURE: The moment you finish a plan, it's wrong but at least you have taken the time to write down all the elements in the constellation that will affect your plan. The written plan is paramount to building your working narrative, which is simply the paper manifestation of your plan. Once it's on paper, it becomes easier to put that plan into action. Aim small, miss small. Execute in small steps and refine your movements until you get more comfortable with the plan.
REPEAT: Every plan needs refining. There isn't a financial strategy out there that is able to sit stagnant and succeed. Constant refining and adjustment may be necessary to come to a working model that honors your values, skillset, cashflow and long term plan.
CONTACT:
PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.com
Mike Hatch - mikehatch@thebluecollarmoney.com
www.thebluecollarmoney.com