Abrahams Wallet
Abrahams Wallet
Abrahams Wallet
DOUGH: How to Take a (Financial) Hit
54 minutes Posted Jul 27, 2022 at 12:43 pm.
1. Do spiritual work first
2. Work though the loss relationally (with the wife)
3. Have or review a financial plan
4. Share your loss with trusted friends
5. Restore truth in your thinking
6. Reconsider your financial assumptions
7. Recoup integral losses via work and savings
8. Rebalance as needed
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54:04
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Show notes
Mark Parrett and Steven Manuel talk (from painful personal experience) about how to take a loss and get back on your feet:
1. Do spiritual work first (
10:00)
2. Work though the loss relationally (with the wife) (
17:45)
3. Have or review a financial plan (
25:20)
4. Share your loss with trusted friends (
28:45)
5. Restore truth in your thinking (
30:00)
6. Reconsider your financial assumptions (
40:15)
7. Recoup integral losses via work and savings (
42:30)
8. Rebalance as needed (
43:40)
They finish up by talking nonsense about sneakers, restaurant reviews, and YouTube. You don't have to listen to that part.
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