Key Takeaways:
Chapters:
Timestamp Summary
[0:00:37] Introduction to the topic of improving the value of your balance sheet
[0:01:11] Explanation of assets and liabilities in a balance sheet
[0:03:19] Discussion on purchasing power and its relation to inflation
[0:07:22] The minimum rate of change needed to maintain purchasing power
[0:08:33] Explanation of deflationary factors in the current economic climate
[0:10:02] Comparison of individuals on different paths in the changing world
[0:11:08] Government intervention and the wealth gap
[0:11:49] The role of government in managing inflation
[0:11:52] Encountering rude individuals when you’re happy
[0:11:55] Conclusion and end of the conversation
[0:11:49] Bullies are attracted to happy people, teach kids to deal with them
[0:13:04] Governments print money to help people, but it creates problems
[0:14:43] Choose the right “arc” to invest in for the future
[0:15:17] Value is attracted to optimism, follow the pattern of progress
[0:18:14] Areas of opportunity: public blockchains, gene sequencing, robotics, energy storage, AI
[0:20:00] Wealth gap is due to few people in cutting-edge industries
[0:21:39] Blaming the rich won’t solve the wealth gap issue
[0:22:13] Embrace progress or lose privileges in a cooperative world
[0:23:43] Don’t be on the wrong side of progress, embrace change
[0:24:24] Philip Washington, Jr. on the historical state of the universe
[0:24:35] Disclaimer about the information presented
[0:25:02] Past performance not indicative of future performance
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Introduction to Wealth Building: Setting Financial Goals
Wealth Mindset: Freedom from limiting beliefs around making money
Business: ”What are the tax implications of being paid in equity?”
Marriage and Money: Budgeting and Financial Planning in Marriage
Financial Planning: The Ultimate Guide on how to get control of your finances
Innovation: Helping women and minority owned businesses find more money for their businesses
Entrepreneurship: ”Where do I find money to start a business?”
Real Estate: The mindset difference between rich buyer and sellers and the middle class
Financial Planning: ”How do I find a job that pays well that I love?”
Wealth Mindset: Working through the emotions of the wealth journey
Business: Smoothie King Business Study Takeaways
Financial Planning: ”How do we find the money to afford children?”
Real Estate: Housing Affordability in the DFW Metroplex
Financial Planning: ”How do I support my aging parents, pay my bills, and save for the future?”
Innovation: Bitcoin at the Center of the New Financial System
Business: The Franchise Business Model
Financial Planning: ”How am I ever going to save enough money to pay for a wedding?”
Real Estate: Managing short term rental properties ”Airbnbs”
Wealth Mindset: ”How do I get out of living this paycheck to paycheck cycle?”
Investing: We are entering the Age (Era) of Women
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