Live Recording Part 02 of 03
Updated: Mar 22
One step way, but because it's it feels like a goal, this success doesn't really come because they've not really figured out how it can benefit them because they don't know why they're doing it.
Mm hmm. Yes, yes, very, very, very, very, very common thing.
I have struggled with various forms of that, like everybody has over the years,
The thing that I have found the most useful is to take the goal,
Whatever it happens to be if a if it's a financial goal, or an exercise goal, or a personal relationship goal, or whatever it is, to take it, and break it down into little bits,
Where you're going to get to, you're going to get to the goal, you're not giving up your goal, you're not reducing your goal.
You're just breaking it down and saying, I'm going to take steps to get there,
Think of like a series of steps going up to your front porch, or whatever of your house.
Instead of leaving all the way up, you've got a set of steps that are built there.
That's to make it easy and possible to do that. So you step on the first step, then the
second and third, and then you're up to the porch.
And that's what I want to do with everything. So we're not going zero to 60. As the phrase goes, that doesn't mean that we don't get into anything that's, that's at all uncomfortable.
That's why we wanted to define it for each individual person.
Are you interested in stocks? Maybe you are. Maybe you're not?
If you're interested in real estate, maybe you are maybe you're not?
If you're interested in cryptocurrency, Maybe yes, maybe no, there's a number of
But the end result is you succeeding in a way that leaves you feeling comfortable.
And, you know, there's so much talk about stress and anxiety going on these days.
We don't need to have it in finance. And there's a way to do that there is a way to do that.
Now, I'm not now thinking about the process, because now we think about goals, intentions, how do we build our strategies?
You know, these are questions, we ask each other.
And we ask people and we ask ourselves, and really, we don't get an answer until something happens.
So for me, I've come to this point of processing where I'm thinking, Okay, as a business owner, as someone that thinks about longevity, do I have an exit plan?
Am I willing to lose business?
Am I able to, you know, transfer ownership?
Am I going to, you know, leave it behind for what are we doing with like, the way people leave their cars, keep it because it's it's a vintage, you know, it's something that's priceless.
So, when you think about that, we will say with property with finance with gold with mindset,
Are they thinking about these examples like IPOs, initial public offerings, nudging, short selling,
Like you mentioned with stocks are those things that people should be thinking about when it comes to longevity, or they can do without,
Give me an example of what you mean by longevity,
Longevity in the sense of like you mentioned success and not worrying about your primary payment plan or your primary resource, because you already have that diversity of
portfolio that really gives you a breaking ground.
So that longevity, whereby you can really think about focusing on community rather than just focusing on a day-to-day lead.
Got it. So this is yet another area where the specific goals of the person really comes into play.
And you mentioned a couple of areas like IPOs, and short selling.
There's other areas that are popular topics of the day, you'll hear them on every
podcast, or every book, or every newspaper, like special purpose access corpse or specs, that's the hot topic of 2021.
None of those things in and of themselves are particularly hard.
That's the gap that I that I intend to bridge, some of those things are going to be very appropriate for you. Other things are going to be not appropriate.
But that comes down to what your final goal is, do you want to get in so float, I'll
get more specific IPOs.
Those have been around for a long time when they happen. Usually, what that
what it stands for, if for those who don't know, is Initial Public Offering.
And that is the first time that a completely private company becomes a completely public company or a mostly public company.
You and I or anybody else could go buy a share of their company, rarely a good idea for you or me, the individual investor to get in on these things back to what's important to you.
What do you want to do with it?
Can we diversify, or what I mean by it is put a little bit of what you've got Actively going into one thing like an IPO, or a stock or a cryptocurrency or a real estate investment, or a number of different things that might possibly be interesting to you.
And interesting to you is also very, very important. If it's not interesting to you remember what I said about I could do anything. Well, if I was interested in it?
That comes into play very strongly right here too. If you're interested in IPOs, for example, and you may or may not be and that's okay.
But if you're interested in them, you're more likely to want to learn and put money to work in that area.
It might mean more to you and meaning to you is critical.
Making money is important. But making money and feeling good about it. And doing right and doing well and all that sort of thing.
That is also very, very important.
That's a goal mindset.