Build A Wealthy Spirit
What would you accomplish if you felt empowered to take more risks and pursue work you love? Many of us live life on autopilot, checking boxes while constantly on the lookout for the next best job, only to realize we still feel dissatisfied and lack purpose. Each week, Sammie and Michelle explore tools their community can use to unlock their full potential. Since it’s hard to build a meaningful life without a secure financial foundation, they break down the most actionable ideas from the financial independence community to help people move from a season of scarcity to abundance.Money without purpose isn’t satisfying in itself, so they take things to the next level by sharing ways to identify your values so that you can feel empowered to pursue the dreams that are most meaningful to you. Join us as we rethink the status quo and Build A Wealthy Spirit!
Build A Wealthy Spirit
#18: FOMO, YOLO and Other Bad Reasons To Invest
Sammie and Michelle take a look at the current trend to FOMO into investments, YOLO as the investments go up and down and give their take on why this may not be the best long term investment strategy.
Show Notes:
- The Motto by Drake [explicit]
- "Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts" by Annie Duke
- "BONUS: Can't Stop GameStop" - Planet Money Podcast
- "He’s a Dogecoin Millionaire. And He’s Not Selling"
- "Fidelity’s Best Investors Are Dead"
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Find more show notes and interact with the Build A Wealthy Spirit community at buildawealthyspirit.com!