677-Don't Just Stand There Researching...Try It!
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 21 November 2019
⏱️ 12 minutes
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| 0:00.0 | Welcome to Radical Personal Finance a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less. |
| 0:12.0 | Today, I'd like to talk with you about the value of just do it. Just try it. Just test it. I want to share with you two stories to drive home to you a very simple point. |
| 0:29.3 | The first story has to do with investments,, investments in things that many of us have never |
| 0:36.1 | particularly experienced such as investing in gold. I was recently answering a question that somebody asked about the prospect of investing in gold. |
| 0:50.2 | Now, gold is one of the most hotly debated topics in the world of investing. |
| 0:57.0 | There are people on one side who say nobody should ever buy gold. |
| 1:01.0 | It's a worthless, useless metal. |
| 1:02.8 | Doesn't, non-productive. |
| 1:04.8 | And then on the other hand, there are people who say, |
| 1:06.5 | everybody should put everything in gold. |
| 1:08.4 | After all, it's the only thing that will stand |
| 1:10.1 | when the world goes crazy and everything else goes to zero. |
| 1:14.0 | So as you would imagine, people have questions on this and they want to make good decisions. |
| 1:21.0 | And so when you go with a question like this and you ask for advice, the problem is you're simply |
| 1:27.2 | going to receive advice from a number of different people who are operating from a number of |
| 1:32.1 | different perspectives. |
| 1:34.4 | Now years ago I did not own any gold. |
| 1:39.2 | I had never invested in gold and being a student of mainstream investing philosophy I was under the I was |
| 1:49.1 | of the opinion that gold was basically a worthless investment. |
| 1:53.7 | After all, it's unproductive and it doesn't really have any use and I was completely convinced |
| 1:59.6 | that gold, nobody should own gold. |
| 2:02.0 | That was the advice that I used to give to people when they would ask me this question. |
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