382 | Name Your Fear, Control Your Risk

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 20 June 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In the week's episode, Brad and Jonathan examine the current state of the housing market and discuss different ways in which risk can be controlled.

It seems like we are currently living in some of the most interesting financial times ever to have occurred. Crypto currencies are seemingly disappearing overnight, interest rates are shooting up, and the inflation rate continues to climb! While all of these examples can cause one to be fearful, preparation and attention to detail are two traits that allow those in the FI community to stay calm! Identify your fears, control situations where you are taking on risk, and continue crushing your journey down the path to FI!

Timestamps

0:58 - Introduction
2:01 - The Tail End
5:58 - The Most Interesting Financial Times
13:26 - Housing
18:22 - Conversation With A Friend
26:06 - Components of The Monthly Payment
34:40 - 40 Year Mortgage and Renting
45:20 - 10% Intrest Rates
53:05 - Crypto Sidecar
57:15 - Crypto Security
61:39 - Conclusion

Resources Mentioned In Today’s Conversation

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Transcript

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0:00.0	On today's episode, name your fear and control your risk.
0:03.7	The housing market in crypto or look on a little bit shaky,
0:06.9	welcome to the Ultimate Crown Source Personal Finance Show.
0:09.6	This is Choose A Five.
0:11.3	You're listening to Choose A Five Radio.
0:13.8	The blueprint for financial independence lives here.
0:26.6	If you're looking to unblocked as secrets
0:28.8	to financial independence and early retirement,
0:31.6	you're in the right place.
0:33.6	Stay tuned and join a community of like-minded people
0:36.4	who are getting all fans to know and taking control
0:39.5	of their lives in the pursuit of financial independence.
0:42.7	Choose A Five.
0:43.9	Your home for financial independence on live.
0:58.8	All right guys, very excited to dive into this week's episode
1:00.6	and help me with this.
1:01.6	I have my co-host Brad here with me today.
1:02.6	How you doing, buddy?
1:03.4	Hey Jonathan, I am doing quite well.
1:05.4	Yeah, like you said, in the intro, name your fear.
1:08.2	There's obviously a lot going on in the world right now.
1:11.0	And this feels like one of those episodes
	...

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