SUMMARY
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In this episode I unravel the fabric of the 1970s—a decade of economic turmoil—and extract the golden threads of wisdom that are just as relevant to today's investor. We'll challenge the fallacy that "this time is different," shining a light on the enduring power of human ingenuity and the resilience of the market. It's a story that celebrates the remarkable ability of great companies to thrive amid uncertainty, and it's a story that I can't wait to share with you.
I'm genuinely thrilled to bring these historical insights to life, insights that empower us to craft investment strategies with a newfound confidence. By understanding the past, we pave the way for a future where our investments reflect the robustness of human progress, not the shadows of fear. So, come along and let's embrace the wisdom of history together—your financial peace of mind might just be a podcast episode away.
TAKEAWAYS
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00:00 Human Ingenuity in Investing
14:46 Great Companies Refusing to Lose Money
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𝗔𝗯𝗼𝘂𝘁 𝗠𝗶𝗻𝗱𝗳𝘂𝗹 𝗠𝗼𝗻𝗲𝘆
Mindful Money is a financial education and coaching platform originally designed for our client’s kids. Today, we are committed to bridging the Wealth Gap.
100% of the profits from our courses, memberships, and workshops go to:
1. Keeping our DIY Financial Education programs free for groups
2. Supporting BIPOC businesses in the state of CA (ESO Ventures)
3. Supporting BIPOC asset-building (Reparation Generation)
4. Scholarships for first-in-family college students from socio-economically disadvantaged students
The impact of zero practical financial education in our public school system hits harder the less you have at the starting point. No financial education and lots of financial stress is a recipe for bad financial decisions and worse outcomes. The less room you have for mistakes, the greater the impact common mistakes will have. The Wealth Gap cannot be overcome without financial education.
Whenever someone takes a course, becomes a member, or signs up for a workshop, they keep the courses free, and they contribute to scholarships, asset-building, and entrepreneur support.
If you have a group of 10 or more young adults who would benefit from access, just ask.
𝗣𝗹𝗲𝗮𝘀𝗲 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 𝘁𝗼 𝗼𝘂𝗿 𝗰𝗵𝗮𝗻𝗻𝗲𝗹, 𝗹𝗶𝗸𝗲 𝗮𝗻𝗱 𝘀𝗵𝗮𝗿𝗲 𝗼𝘂𝗿 𝘃𝗶𝗱𝗲𝗼𝘀!
𝗦𝘁𝗮𝘆 𝗶𝗻 𝗧𝗼𝘂𝗰𝗵:
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𝗙𝗼𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻:
- Check out A la carte financial education: https://courses.mindful.money/store
- Check out our Life-Stage course bundles: https://mindful.money/services/financial-education
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𝗙𝗼𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗼𝗮𝗰𝗵𝗶𝗻𝗴:
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𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝗼𝘂𝗿 𝗙𝗥𝗘𝗘 𝗦𝘁𝘂𝗳𝗳:
Values, Purpose, & Goals: https://courses.mindful.money/values-purpose-goals
Three Paths to Wealth: https://courses.mindful.money/threepaths
Before You Hire an Advisor: https://courses.mindful.money/financialadvisor
𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 𝗮𝗻𝗱 𝗟𝗶𝘀𝘁𝗲𝗻 𝘁𝗼 𝗼𝘂𝗿 𝗣𝗼𝗱𝗰𝗮𝘀𝘁𝘀:
𝗠𝗶𝗻𝗱𝗳𝘂𝗹 𝗪𝗲𝗮𝗹𝘁𝗵 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 – for discussions and interviews about wealth and culture: https://www.youtube.com/channel/UCCDQJWc5efWepwbIXdIDbUQ
𝗠𝗶𝗻𝗱𝗳𝘂𝗹 𝗠𝗼𝗻𝗲𝘆 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 – For the nitty gritty on earning, spending, saving, investing, and giving: https://mindful.money/mindful-money-podcast
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