DOUGH: How to Take a (Financial) Hit

English - July 27, 2022 12:43 - 54 minutes - 44.4 MB - ★★★★★ - 109 ratings
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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.