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Radical Personal Finance

1002: Lessons From The Collapse of Haiti

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 11 March 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Welcome to Radical Personal Finance. Today I want to tell you about the worst international trip that I myself have ever taken, which just so happens to have been my honeymoon, which just so happens to have been to the nation of Haiti.

0:15.0

And I want to draw from this trip for you some important lessons related to societies in general,

0:20.5

economics broadly, and personal finance.

0:24.0

Haiti has been in the news over the last, well really months,

0:27.0

but it really came to a boiling point over this past weekend.

0:31.0

As the nation's capital and indeed the country broadly has been

0:35.2

racked by violence extreme violence for months now and it has boiled over to the

0:41.0

point where over the weekend the United States of America

0:44.3

performed an emergency airlift to withdraw all non-essential personnel from the U.S. embassy.

0:49.6

The European Union has withdrawn all of its diplomats and it's so bad that the leader of the country

0:54.6

can't even get back into his own country because of the violence that ultimately shut down

1:00.3

the airport. Now all of this is ineffably sad but none of this is surprising. My first

1:07.9

experience with Haiti came on my honeymoon. Now before you think I'm the worst president in the world remember

1:14.3

that other great people have also taken their wives to Haiti for

1:18.6

a honeymoon after all former president Bill Clinton to Hillary

1:21.9

Clinton to Haiti on their honeymoon, but my story is not quite so

1:25.4

interesting as that.

1:27.1

When my wife and I were newly married, I was looking around trying to figure out where

1:30.7

would be an interesting place to go for a honeymoon.

1:33.8

And I was able to get a great deal on an all-inclusive resort in the Dominican Republic,

1:38.0

which is of course part of the island of Hispaniola.

1:42.0

And there are two nations that share that island you have the Dominican

...

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