Key Takeaways:
- Balancing reason and imagination is crucial for successful investing.
- Overreliance on reason can hinder creativity and lead to overthinking.
- An undisciplined imagination can result in a disconnect from physical reality.
- Using both reason and imagination allows for a more holistic and informed approach to investing.
- Imagining a future wealthy self can help maintain a positive mindset and make decisions aligned with long-term goals.
Chapters
| Timestamp | Summary |
| ------------- | ----------- |
| 0:00:01 | Introduction to the podcast episode |
| 0:01:41 | Announcement about changes in podcast frequency |
| 0:02:11 | Explanation of reasoning and imagination |
| 0:04:26 | Importance of balancing reason and imagination |
| 0:07:11 | Negative effects of overthinking with reason |
| 0:08:46 | The power of imagination in changing financial situations |
| 0:10:11 | The importance of balancing reason and imagination in investing |
| 0:14:24 | Using reason and imagination to analyze the impact of artificial intelligence |
| 0:17:38 | Choosing to flow with change rather than resisting it |
| 0:18:27 | Story about using imagination to balance decision-making |
| 0:21:04 | Conclusion and closing remarks |
Social Media Handles
Follow Philip Washington, Jr. on Instagram (@askphillip)
Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us)
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.
Real Estate: Home buying trends in DFW
Investing: How to turn temporary set backs (losses) into long term gains (wins)
Wealth Mindset: Unlocking your money making genius
Business Financial Planning: What to do after you’ve sold your business for millions
Wealth Mindset: The Importance of Good Lifestyle Habits
Real Estate: What will selling a home look like in 2023?
Investing: Developing confidence in your investment process
Wealth Mindset: A few things that change once you have a little money
Business Financial Planning: How to know if you’re business is attractive to buyers
Wealth Mindset: The world acts in response to your expectations
Positive Perspectives: Peace, Joy, and the History of Oak Cliff Texas
Real Estate: Preparing for the 2023 real estate market
Investing: The Key to finding great investment opportunities
The BEST Bitcoin conversation I’ve had all year
Investing: Making money from misplaced Perceptions
Business Financial Planning: How to know when you need a CPA
Wealth Mindset: Each relationship either attracts or repels wealth
Real Estate: How to buy foreclosures
Which makes more money over time...short term trading or long term investing?
Investing: 2022 Investment Recap
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast