4.4 • 1.9K Ratings
🗓️ 19 October 2015
⏱️ 91 minutes
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We've generally been trained how to think about finance by the financial services industry. Their plan for your finances? Well, each step involves a financial product of some sort or another.
But what if we think a little more strategically? Could we get better results?
I think so.
After speaking with today's guest, Doug Goldstein, I think that the metaphor of chess is a good way to train our thinking.
Doug is the co-author of a book titled: Rich as a King: How the Wisdom of Chess Can Make You a Grandmaster of Investing.
Enjoy this interview as we discuss how to approach finances like a chess game!
Joshua
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0:00.0 | Many times it's useful with financial planning to have a metaphor to apply to thinking through |
0:06.1 | what you need to do with your life and how to approach it, how to approach each and every |
0:09.2 | financial decision. |
0:10.6 | Well, one apt metaphor for that is chess. And today I've got Doug Goldstein, who is a co-author of the book, |
0:20.0 | Rich as a King, how the wisdom of chess can make you a grandmaster of investing. |
0:27.0 | And we're going to talk about taking a conceptual planning approach to your financial plan. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your host. |
0:54.2 | Thank you so much for being with me today. |
0:56.8 | Gonna get a little bit nerdy on you and talk about chess. |
1:00.0 | I hadn't really thought much about this as a metaphor before I spoke with Doug, but as you'll hear in a moment during the course of the conversation it really came out that yes, this is absolutely a very useful way of approaching your own financial plan and I think you're really going to enjoy this interview. |
1:17.0 | There are a lot of different ways that we can approach financial planning, but one of the things that I see as many people approach it in a too straightforward of a way rather than thinking thinking stinking rather than thinking thinking thinking |
1:34.3 | rather than thinking about things strategically and so we're gonna talk about |
1:38.4 | strategy in today's show I think you're gonna enjoy Doug he's a financial advisor |
1:42.4 | he's an author he's |
1:43.0 | written many books he has an international financial planning practice which you'll |
1:47.5 | hear about in today's show and it actually factors into a little bit of our |
1:50.9 | conversation I think you're really going to enjoy it. |
1:52.5 | Before I play the interview for you, let's take care of our sponsors real quick. |
1:55.6 | So sponsor number one today is you need a budget. This is the official budgeting software of |
2:01.6 | radical personal finance. |
2:03.7 | It is absolutely wonderful. |
2:05.7 | From time to time I think about building different financial tools |
2:08.9 | for you, the listening audience, |
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