![Blue Collar Money: Theories of Middle Class Investing artwork](https://is2-ssl.mzstatic.com/image/thumb/Podcasts113/v4/36/35/0c/36350c7a-6e7f-d6a5-2fa6-a9432f94f8d4/mza_3505625286052999235.jpg/100x100bb.jpg)
Recovering From Crisis, Part 2: How A Big Chicken Builds Wealth and Plans for Legacy
Blue Collar Money: Theories of Middle Class Investing
English - October 28, 2020 13:39 - 59 minutes - 54.3 MBInvesting Business Education Self-Improvement education financial intelligence coaching currency entrepreneurship federal reserve financial education financial strategy middle class futures Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
There's nothing tricky about the principles outlined in this episode as PW's "big chicken" methodology is a result of his second go-round with financial crisis. The first, coming from his poor financial decisions - the second, coming from his daughters health crisis.
What does the chicken want?
1. Safety and Guarantees
2. A Smooth Path
3. Balancing your best hours and secondary hours.
We encourage you to go back and listen to the episode on the Order of Investing. Our hope is as you listen to this discussion you are encouraged to prepare, educate yourself on the steps and pray through your plan for stewardship.
PW detailed his "long game" in the episode and we have shared the outline below:
THE LONG GAME OF RECOVERY
Bottom Line - 7 streams of income protect the bottom line so bills get paid and cash flow is recovered. Second, the cash flow is used to identify which streams will take priority moving forward into phase 2.Blue Collar Business - we would like to invest in blue collar businesses that follow the narrative of Boaz (Book of Ruth)invest close to homework with my handsproduce valueemploy people, having a direct effect on familiesRentals, specifically mobile home and tiny/micro home investingProtection - we are working with an advisory group to set up whole life insurance that will allow us to shield any income from unnecessary taxes and allow for ease of reinvestment.The Long GameEquity Stakes in small businessOffer Loans directly from CV whole life insurance policy10x land/rentalsmore life insuranceInvestment into non-profit by making www.hundredmovement.com and www.younglife.org the beneficiaries of the policies.investment in people and relationships6. Disruptors
historyperceptionanxiety and paralysisfailurespeople
For questions or thoughts about this episode, please feel free to reach out to PW at
www.patreon.com/pwgopal
www.pwgopal.com
And please visit and support these organizations for their work and investment in people:
www.hundredmovement.com
www.younglife.org