10 Essential Principles to Build Your Financial Future in 2021, Part 1

enJanuary 06, 2021

Blue Collar Money: Theories of Middle Class Investing

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About this Episode

Below are a list of investing principles to consider when approaching your financial plan for 2021. This episode is paired with E38 (part 2) so the second half of the notes will be attached to the audio in E38.

BIBLICAL NARRATIVE - trade and invest by the Biblical narrative which we nickname "tree, fruit, tree..." Our investments need to be in a machine or tree that is able to bear fruit which can grow another fruit bearing tree. This allows us to be in close proximity to the growth and also allows us to be generous monthly instead of after receiving a yearly stock dividend check.
CLOSE TO HOME - Bring your investments close to home meaning you can see, feel and touch the value that is being created and also be in relationship with those who are helping you create that value.
DIRTY HANDS - Warren Buffet is known for coaching traders to "trade what you know" - in a season where there is little to no transparency in the stock market, we believe it is paramount for seasoned and new investors to get their hands dirty and truly know what it is they are trading.
INVEST IN TANGIBLE VALUE - this being value that is easy to see and experience mainly through the barometer of measuring customer sentiment. If you can see the value and see the customer enjoying the value that has been created for them, then it is an asset worth looking into.
REDUCE EQUITY EXPOSURE - better said, STOP putting so much trust in the stock market where there is little to no transparency or understanding of growth and value. Move your assets to promise based assets or FIXED INCOME ASSETS. (we described them as "fixed assets" in the audio but they are correctly named, FIXED INCOME ASSETS). In addition to buying into "products" that are being sold to you, even good fixed income products, please consider investing in or starting a small business and build tangible value for customers in your community.

**Principles 6-10 will be attached to E38: 10 Essential Principles to Build Your Financial Future in 2021, Part 2

Contact:

PW Gopal - pw.gopal@thebluecollarmoney.com, pwgopal@pwgopal.com

Mike Hatch - mikehatch@thebluecollarmoney.com

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** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

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** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

Blue Collar Money: Theories of Middle Class Investing

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Resources/ Mentions:

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** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

Blue Collar Money: Theories of Middle Class Investing

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pwgopal@pwgopal.com

pw.gopal@thebluecollarmoney.com

thebluecollarmoney.com

pwgopal.com

** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

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The Branch Community Church

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** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

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thebluecollarmoney.com

pwgopal.com

** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

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** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

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thebluecollarmoney.com

pwgopal.com

** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

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pw.gopal@thebluecollarmoney.com

thebluecollarmoney.com

pwgopal.com

** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

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PW Gopal

pwgopal@pwgopal.com

pw.gopal@thebluecollarmoney.com

thebluecollarmoney.com

pwgopal.com

** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.

pw.gopal@thebluecollarmoney.com

Blue Collar Money: Theories of Middle Class Investing

enJanuary 12, 2022

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What was the main topic of the podcast episode?

Summarise the key points discussed in the episode?

Were there any notable quotes or insights from the speakers?

Which popular books were mentioned in this episode?

Were there any points particularly controversial or thought-provoking discussed in the episode?

Were any current events or trending topics addressed in the episode?