In this episode we continue our discussion on understanding the entry fees (ongoing cost) involved around an investment. Whether your goal is to invest in real estate, stocks or businesses it is paramount to know how much it costs to play the game in your chosen lane and what it costs to play the game well.
We group ENTRY FEES into 6 subheadings:
1 - Cost to play the game
2 - Cost to play the game well
3 - Cycles of each market
4 - Defining the end game
5 - The emotional and mental weight of investing
6 - Relationships
Resources and mentions:
Michael Hyatt - Full Focus Seminar
Garret Gunderson - Velocity
Stephen Covey - The 7 Habits of Highly Effective People ("start with the end in mind")
The Fourth Turning - Strauss and Howe
All opinions expressed by PW Gopal and Mike Hatch, or any podcast guests are solely their own. This podcast is for informational purposes only and should not be relied upon as a basis for legal, tax, and investment decisions. All comments are based upon information participants consider to be reliable, and PW Gopal and Mike Hatch are not responsible for the consequences of any decisions or actions taken because of the information provided.