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The King's Hall

TradFi: Building Wealth in Traditional Finance with Joe Garrisi

The King's Hall

Brian Sauvé, Dan Berkholder, & Eric Conn

Society & Culture, Christianity, Religion & Spirituality

4.91K Ratings

🗓️ 6 September 2024

⏱️ 118 minutes

🧾️ Download transcript

Summary

In this episode we wrap up our series on building wealth as we talk with Joe Garrisi, from Backwards Planning Financial. We'll discuss traditional finance, or TradFi: banking, the stock market, the bond market, venture capital, and hedge funds. As a wealth manager, Joe helps clients think through long-term investing strategies. Be sure to sign up at the King's Hall Patreon to get exclusive access to interviews with historians like Glenn Sunshine and to access the Deus Vault, a Patreon-exclusi...

Transcript

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0:00.0

This episode of the Kings Hall podcast is brought to you by Backwards Planning Financial,

0:08.6

Alpine Gold, MaxD Trailers, Salt and Strings Butchery, Reformation Heritage Books,

0:14.0

Premier Body Armour, and by our supporters at Patreon.com. Compound interest is the 8th wonder of the world. he who understands it, earns it.

0:33.8

He who doesn't, pays it.

0:35.9

Albert Einstein.

0:37.9

Shoppers and employees alike at the Dummerston, Vermont,

0:40.9

JC Penny took little notice of the man sweeping the floors.

0:45.0

Ronald Reed, the store's janitor, was clothed not in the new clothes offered by the retailer,

0:51.0

but instead was dressed in faded flannel shirts and tattered jeans.

0:55.9

He was merely part of the background.

0:58.6

Ronald, or Ronnie, as he was known, grew up as an impoverished farmer. His childhood home was known. Grew up as an impoverished farmer.

1:03.5

His childhood home was described as extremely tiny.

1:08.0

He would walk, or if he was lucky,

1:10.0

would hitch hike to his high school that was four miles from the farm.

1:14.4

After graduating, Ronnie enlisted in the United States Army and served in World War II.

1:20.1

He was deployed in North Africa, Italy, and the Pacific Theater, where he reached the rank of technician fifth grade.

1:27.0

After the war, Ronnie returned home to Vermont and deployed his skills as a mechanic at a gas station where he pumped gas and

1:35.2

wrenched on cars for the next 25 years. On the surface, Ronnie was a good blue-collar

1:40.8

man. He married a widow with children and supported them well.

1:44.0

He even paid for his stepchildren's college education's. His wife tragically

1:49.3

passed away when he was only 49 years old and he did not remarry.

1:54.1

He retired from the gas station for one year

...

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