346: Thoughts on Money and the Recent Financial Market Turmoil

Dave Lukas, The Misfit Entrepreneur_Breakthrough Entrepreneurship

Hello Misfit Nation! This is Dave Lukas and welcome to another episode of the Misfit Entrepreneur, where it is our job to help you unleash your inner misfit and breakthrough to higher levels of success, wealth, and fulfillment by bringing you the best insight and information from the world’s top entrepreneurs….. with a specific focus on their misfit side…the specific traits, habits, and secrets that have allowed them to thrive and succeed.

This is another one of those special episodes where it is just me and you. I’ve had a number of emails lately asking my about my thoughts on the current situation in the financial sector and how it might play out as well as how it will affect entrepreneurs.

First, I think it is important to note that no matter what happens, there are always opportunities for entrepreneurs. Some of the largest companies you know today such as Allstate Insurance and Hewlett-Packard were started in the midst of the Great Depression.

Speaking of history, in order to understand where things are today with financial markets and our money and where things might go, we have to take go a little bit back in time.

Before I do, I want to say that I am in no way a financial advisor or am giving you financial advice. You should consult with a competent financial professional for your own personal decisions. You accept that you are responsible for your own financial choices and actions.

Listen to the episode as the notes are too long to enter here...

Best Quote: Be on the lookout for the opportunities you can take advantage of and don’t hesitate to act when they do. Steel your mind and be prepared. And never, ever quit.

Misfit 3:

Understanding money and how it works and what it truly is, is critical to success in life and business.

Focus on what you can control, not what you cannot.

Mmoney is called currency because to work, it must be moving, otherwise, it is losing value. One of the best places I believe to keep your money moving is investing in and owning businesses.

Show Sponsors:

5 Minute Journal: www.MisfitEntrepreneur.com/Journal