DOUGH: How to Take a (Financial) Hit

July 27, 2022 00:54:04
DOUGH: How to Take a (Financial) Hit
Abrahams Wallet
DOUGH: How to Take a (Financial) Hit

Jul 27 2022 | 00:54:04

/

Hosted By

Steven Manuel Mark Parrett

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.

Enroll in our "Draft a Family Vision in 3 hours" course

Other Episodes

Episode

February 28, 2024 00:41:30
Episode Cover

Don't Waste Your Spring Break!

Due to ages of your kids, you really only have 6 primo spring breaks with your family. DON’T WASTE THESE! It’s so easy to...

Listen

Episode 0

May 31, 2023 00:53:23
Episode Cover

What do families REALLY spend in a month?

Steven Manuel and Mark Parrett discuss the REAL amounts that people REALLY spend on several categories in the average home on a monthly basis....

Listen

Episode 0

January 18, 2023 01:08:05
Episode Cover

DOUGH: What About Gambling... REALLY?

In this episode recorded in December 2022, Mark Parrett and Steven Manuel discuss the financial and moral implications of gambling. The obvious question is...

Listen