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.
Check Your Paycheck: Don't Miss Out on Money You Deserve
The Evolution of the Cyberspace Economy
Investing Intelligence: Processing Information for Better Investment Decisions
CPA Experts Discuss Selling and Succession Planning for Businesses
Bitcoin: A Better Store of Value Than Gold or Real Estate
The Importance of Building a Business Treasury for Long-Term Success
Understanding the Changing Landscape of Finance and Investing
Mitigating the Unintended Consequences of Business Failure: Divorce, Death, Disability
Understanding Currency Trading and Investing in the Future Economy
Embracing Emotions for Successful Wealth Building
WBMS Docuseries: Healthy Mind, Body, and Spirit (Episode 4)
Exploring Alternative Payment Options and Mitigating Fraud Risks
Understanding the Core Building Blocks of Finance
Buy, Borrow, Die: A Wealth Building Strategy for the Rich
Understanding the Evolution and Flow of Money in Wealth Building
Building Financial Confidence: Navigating Thoughts, Actions, and Feelings
The Risks and Rewards of Surge Pricing in the Fast Food Industry
Understanding the Fundamentals of Money Management
Overcoming Negative Emotions About Money
Maximizing Retirement Savings and Tax Benefits for Business Owners
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast