How to handle risk to build your fortune
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- Got out of the brokerage business in 2010
- The Great Recession wiped out 97% of the value of his stock options
- Relief from the mental anguish
- They want to remain wealthy
- Focused on after-tax return
- The little guy stacks the deck against themselves
Wealth is the sum total of the money you don't consume.”
- Don't get in a hurry
- Don't chase shiny objects
- The worst thing is to win on a risky bet and parlay it only to lose
- He asked the top 100 brokers 25 key questions
- Financial trauma as a teenager
- "If it is to be it's up to me."
- Grit. Resolve. Bounce back.
- Wealth is the sum total of the money you don't consume.
- You don't want to be wealthy, you want to be perceived as wealthy.
- Stay in your lane for actionable insights
- We're looking for short-term ego strokes
- Invest in yourself
- Tactical investing is tough
- "Suitability" does not mean "best"
- You must be proactive. Lean into risk in the face of risk.
- Minimum prices occur at the time of maximum uncertainty.
- Get a good CPA
Links Mentioned In The Sales Podcast