325-How to Invest in Guns for Maximum Profit and Diversification: Interview with James Wesley, Rawles from SurvivalBlog.com
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 25 April 2016
⏱️ 79 minutes
🧾️ Download transcript
Summary
I love to explore interesting financial markets which are accessible to the common person who demonstrates a little bit of interest. Today we dig into one such market: guns.
I've invited James Wesley, Rawles onto the show today to discuss how you can intelligently invest in guns as a means to wealth.
We cover:
- Speculative approaches and non-speculative approaches.
- How to leverage small amounts of money by buying specific firearm components.
- Interesting little wrinkles in the marketplace.
- Etc.
Enjoy the show!
Joshua
- Jim's website: www.survivalblog.com
- Support RPF on Patreon: www.radicalpersonalfinance.com/patron
Transcript
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| 0:00.0 | Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge, skills, |
| 0:04.4 | insight, and encouragement you need to live a rich and meaningful life now, while also |
| 0:09.7 | building a plan for financial freedom in 10 years or less. On today's show I welcome |
| 0:14.8 | back past guest of radical personal finance, James Wesley Rawls. Jim is an |
| 0:21.4 | author most famously of the largest survival website on the internet called survival |
| 0:27.7 | blog.com. He's also written a series of novels. He comes from a military background and also has a deep level of expertise |
| 0:36.3 | and survivalism and preparedness, but he also, most interestingly for today's show, has a deep level of expertise on the subject of firearms |
| 0:46.7 | Specifically I've invited him on today to discuss how to invest in guns |
| 1:00.7 | How you can diversify your investments by purchasing, owning, trading, investing in guns. And I'm really excited to bring this show to you because I think it will be |
| 1:06.8 | practically useful to those of you who wish to pursue this course of action and it'll also be theoretically interesting to those of you |
| 1:16.5 | who are just interested in considering investment markets. I think guns are a unique asset class and this episode advances one of my major |
| 1:27.2 | agendas with radical personal finance over time my hope is that I can change |
| 1:30.8 | the way that people in general think about investing. Over time I'd like to undo |
| 1:36.5 | a lot of the marketing work of the financial world. Today if I say investment to the average person on the street, they automatically think of something like a mutual fund held within a retirement account. |
| 1:50.0 | Now, although that is one perfectly valid way to think about investing |
| 1:55.3 | that's primarily a concept that has been sold to you systematically by the |
| 1:59.8 | financial industry over the last few decades. That's not the only way to invest and it's not |
| 2:05.1 | even necessarily the best way to invest. It's simply one way to invest that has |
| 2:09.2 | certain attributes, certain characteristics, but there are many other ways to invest. |
| 2:14.4 | And so I like to profile some of those different approaches to investing, which is why I'm excited |
| 2:18.7 | to bring you today's episode. |
| 2:21.5 | Guns are unique, and I love thinking about the marketplace from an investment perspective because of some of the |
... |
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