The middle class needs to take control of their financial future and learn the narrative of investing. We are playing a rigged game when we invest in the stock market and the small stack of chips in front of you has a target on it. Learn how to navigate the markets and secure your family's financial future. Join PW Gopal and Mike Hatch as they explore the changing landscape of investing in today's markets.
Resources / Mentions:The Fourth TurningHow Markets FailThe Value of Nothing PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:Joel SalatinPolyface FarmsThe Marvelous Pigness of PigsEverything I Want To Do Is IllegalSalad Bar BeefThe Sheer Ecstasy of Being A Lunatic Farmer PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:Joel SalatinPolyface FarmsThe Marvelous Pigness of PigsEverything I Want To Do Is IllegalSalad Bar BeefThe Sheer Ecstasy of Being A Lunatic Farmer PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:John Maynard Keynes The General Theory of Employment, Interest and MoneyHow Markets Fail: The Logic of Economic CalamitiesAlex Wickell The Branch Community Church alex@brch.org PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions: Alex Wickell The Branch Community Church alex@brch.org PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mention:Myles Alexander - myles@ffarchitecture.comForm and Function ArchitectureVinyet ArchitectureMack Constructors PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:Dave Ramsey Video LinkRedemptive Economics - Mike HatchIMN Special Assets Conference PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources / Mentions:Clever Fox Planner ProRich Nathan Sermon:Called to Community: The Life Jesus Wants For His DisciplesThe Red Thread - Tamsen Webster7 Habits of Highly Effective People - Covey PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:DevryCutting Coporate Ties PodcastDan MillerSwitchMade To StickVincent PuglieseRich LitvinGary Vee Contact:greg@gregtosi.comgregtosi.com PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:Jimmy SongThe Creature From Jekyl IslandKilling Sacred CowsHonest MoneyAscent of MoneyThe Scandal of MoneyLife After Google Contact: Mike HatchEmpoweredManhood.com PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:"Be not simply good, be good for something" - Henry David Thoreau"The difference between who you are and who you want to be is what you do" - Zig Ziglar Billy Southrey - Atlantic City Mission Harvey McKay Contact:PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources / Mentions:The Day the Revolution Began - N.T. Wright PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources / Mentions:Start Over, Finish Rich - David BachTotal Money Makeover - Dave RamseyGarrett Gundersen - Wealthfactory.com Redemptive Economics - Mike Hatch PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:The Richest Man in Babylon - George ClasonYoung LifeThe Hundred Movement PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources / Mentions:Fender Guitars Jeremy Sheppardjeremy@jeremysheppard.comjeremytheguitarhunter.comYouTube PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources / Mentions:Fender Guitars Jeremy Sheppardjeremy@jeremysheppard.comjeremytheguitarhunter.comYouTube PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources and Mentions:TractionMover of Men and Mountains - R.G LeTourneauTraction - Gino WickmanYouth for Christ Luke Walker - luke@lukesautoservice.comhttps://www.lukesautoservice.com/ PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources and Mentions: Terre Zeigler:tzflmgt@gmail.com PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources and Mentions: Terre Zeigler:tzflmgt@gmail.com PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:Bigger Pockets Ken McElroy Podcast Contact:Daniel Johnsondaniel@refocusfp.comWinston Salem "Bigger Pockets Meetup" PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:Bigger Pockets Ken McElroy Podcast Contact:Daniel Johnsondaniel@refocusfp.comWinston Salem "Bigger Pockets Meetup" PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:John Deere Company - www.deere.com NOTES FROM OUR PREVIOUS EPISODE (E10) ON THE BASICS IN VALUE CREATION:Value creation comes at a cost but allows us as a value creator to use our gifts and to serve and bless others in our community.As we consider how we will create value we need to be looking at ourselves as either a steward of God's resources or a storehouse for his resources. As we steward, we manage, invest and give away God's resources and as a storehouse we hoard and stockpile what is intended for others.PREPARATION:Some key questions to ask yourself as you prepare to put money at risk:1 . Are you able to produce value and produce it consistently?2. Who is the recipient of that value and is the market proven?3. Have you done your due diligence with your family's financial safety to then put money at risk?4. Having done your due diligence with your family's financial safety, are you operating at 70% of your income - giving, saving and investing the other 30%.5. What is your proximity to the market you wish to invest in? Do you know your product and market well? THE 3 G'S of VALUE CREATION:GROUND - what does the landscape and narrative look like for the market and product you wish to invest in?GAP - is there a proven gap in the market where your product can sit? are you securing a need for a consumer base? how stable is the supply chain for the product you wish to produce? Is there is a proven and growing consumer base for your product? GIFTS - where do your gifts lie? Do you like to work with your hands on rentals or read balance sheets of companies you want to invest in? ANCILLARY QUESTIONS:what does your margin look like to do research into a market and product?is your job and income stream stable?is your spouse involved in the decisions to put money at risk? do you agree on the risk levels?what is your timeline to begin risking capital? what is your timeline to be paid back from an investment?do you have a fiduciary who has walked you through your safety plan? your legacy plan? VALUE CREATION is about serving and blessing people. It's not about the money - it's about expanding the Kingdom of God and reaching people with your resources. Contact:Jay Bryner - jay.bryner@gmail.com PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
BLUE COLLAR VALUES:Kingdom CitizenshipFamily Value IntegrationProduction MindsetFinancial EducationOffsetting Risk Contact:PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Resources/ Mentions:David Bach - Start Over Finish RichGarrett GundersenDave Ramsey - Total Money MakeoverThe Emyth Contact:PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
Risk lies in two areas: the Investor and the Investmenthere are a few questions to consider when evaluating both yourself and the investment you wish to pursue: INVESTORHow safe is my job market?How safe is my job?How is my mental margin?Have I finished my safety plan (wills, trusts and insurances)?INVESTMENTProductivity potential revolves around due diligence of the market, market position or share of the investment and your due diligence.Assess risk and disruptors (See IMN Special Assets conferences)Lane of Investment - we see picking a lane of investment as paramount and we use a simple formula: Values + Gifting + Wealth of Knowledge + Cash Flow = Lane of InvestmentSurrender the OutcomeCount the small wins and continue learning from the wins and defeatsFind a good solid set of coaches to walk you through the rhythms of each industry.Find people to learn with - vision comes from many eyes and wisdom follows. Contact:PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com
This is part 2 of the interview that I have been most excited about bringing to our Blue Collar Money family. Derek Webb has been a friend and mentor for the last 15 years and has brought me incredible value with his thoughts on failure, process and fan (customer) connection. Please give this episode (and the previous) your full attention - take notes and be encouraged that you are fully capable of writing and living a great creative narrative.Resources/ Mentions:1000 True Fans - Kevin Kelly Contact:Derek Webbderekwebb.commiddleclassmusician.compatreon.com/derekwebb PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com
This may be the episode that I have been most excited about bringing to our Blue Collar Money family. Derek Webb has been a friend and mentor for the last 15 years and has brought me incredible value with his thoughts on failure, process and fan (customer) connection. Please give these next two episodes your full attention - take notes and be encouraged that you are fully capable of writing and living a great creative narrative.Resources/ Mentions:1000 True Fans - Kevin Kelly Contact:Derek Webbderekwebb.commiddleclassmusician.compatreon.com/derekwebb PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com
Contact:PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.com
Contact:PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Resources / Mentions:Thank God for BitcoinThe Little Bitcoin BookInventing BitcoinProgramming BitcoinLayered MoneyThe Bullish Case for BitcoinBitcoin ClarityThe Bitcoin StandardHonest MoneyThe Ethics of Money ProductionMere Christianity Contact:Jimmy Song LinkedinJimmy Song NewsletterJimmy Song TwitterProgrammingbitcoin.comJimmy Song Podcast - Bitcoin Fixes This
Resources / Mentions:Thank God for BitcoinThe Little Bitcoin BookInventing BitcoinProgramming BitcoinLayered MoneyThe Bullish Case for BitcoinBitcoin ClarityThe Bitcoin StandardHonest MoneyThe Ethics of Money ProductionMere Christianity Contact:Jimmy Song LinkedinJimmy Song NewsletterJimmy Song TwitterProgrammingbitcoin.comJimmy Song Podcast - Bitcoin Fixes This
Assessment - The process takes us through the practical day to day numbers including current family or business budget, debt and cash flow. We snapshot the current and expected margin to try and get an understanding if the client is able to live on 70% of their cash flow while investing, saving and giving the remaining 30%. Narratives - As investors we must understand the impact of what we call, The 5 Meta Narratives: Global Economics, US Finance, Politics, Civil Rights and Media/Technology Mapping - When working with individuals and businesses our hope is to outline a constellation of goals, action points, gaps and relationships that will need attention and stewardship. Values - family values dictate direction, risk and investment strategy. the discovery and discussion of values can hone your current risk narrative while adding efficiency and congruency to your families/business goals. Values are sewn deep into us and drive the 'why versus what conversation'. When I know what I value most in life then I can work the narrative backwards to outline action points and investment strategy.Emergency fund - the benefit of having a $1500 emergency fund set up to offset healthcare or automotive bills. This is especially effective when paying off debt and pushing any excess funds to reducing debt.Debt - speaks for itself - every family and individual needs to utilize a plan for reducing debt to prepare for an investment future.Hedge - a safety bet meant to protect market investments. Our discussion centered out the use of gold and silver, specifically.Savings - self explanatorySafety - this requires ongoing conversation and attention to the wills, trusts and insurance policies that protect wealth and wealth transferCash Flow - one of many products or markets that can produce monthly remuneration for value.Conservative Investing - stocks, bonds, annuities, 401k, IRA's etc.High Risk Investing - futures and some options productsWealth Transfer - we recommend working with a fiduciary to set up draws from your investment products and to protect the investments passed on to your family.Equity Stakes - we believe that the new stock market will be holding equity stakes in small businesses. Additional notes:What shapes our progress through these steps is the idea of operating out of faith instead of fear. In our worldview, we are stewarding things that are not ours to keep and so it allows us the freedom to invest without the fear of loss.Our hope is to produce value to honor God, bless our families and to invest in our friends and communities.
Margin is the 3rd Value in our Mindset of an Investor series and is paramount in framing the lifestyle of investment.Our process is simple:Arena - what lanes you are running in and what is the purpose of you being there - in short, what is your personal mission statement and is it congruent with God's purpose for you and your community. Assessment - how much energy is required in the following areas of your life:personal lifeprofessional lifespiritual lifeeconomic lifeemotional lifephysical lifeIs there harmony being these spinning plates? Do you understand the affect that each category has on the others? Automate - what steps can you take to automate certain activities - to put them under daily discipline and practice. In addition, what areas can be handed off to professional to steward or to quarterback on your behalf. Resources/ Mentions:Jimmy SongRyan Hreczkosiej (pronounced "Ricochet")Chris Jamison The Richest Man in BabylonProverbs 30:25 Contact:Mike Hatch - mikehatch@thebluecollarmoney.comPW Gopal - pw.gopal@thebluecollarmoney.com, pwgopal@pwgopal.com
Please join us for the first, BLUE COLLAR MONEY MASTERMIND: INVESTING FOR KINGDOM IMPACT starting Wednesday July 21st, 2021 at 12n. We will be meeting for 5 sessions thru August 18 and will be discussing the possibilities of getting financially unstuck, becoming a producer of value and reinvesting into the Kingdom of God.The cost of the course is $199 for the Beta of this Mastermind ($497 for future Masterminds) and you can sign up by emailing Mike Hatch at mikehatch@thebluecollarmoney.com with "mastermind" in the subject line. Resources / Mentions:Bigger Pockets Podcastwww.syndicationattorneys.comMichael BlankJake and GinoRod Khleif Contact:URL: febroscapital.comEmail: eric@febroscapital.comLinkedInPhone: (316) 640-8163 PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Please join us for the first, BLUE COLLAR MONEY MASTERMIND: INVESTING FOR KINGDOM IMPACT starting Wednesday July 21st, 2021 at 12n. We will be meeting for 5 sessions thru August 18 and will be discussing the possibilities of getting financially unstuck, becoming a producer of value and reinvesting into the Kingdom of God.The cost of the course is $199 for the Beta of this Mastermind ($497 for future Masterminds) and you can sign up by emailing Mike Hatch at mikehatch@thebluecollarmoney.com with "mastermind" in the subject line. Resources/ Mentions:URL: mobilehomeinvesting.netEmail: support@mobilehomeinvesting.netPodcast: https://www.mobilehomeinvesting.net/free-resources/mhi-podcast/Youtube Channel Triad Financial21st Mortgage Contact:PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Please join us for the first, BLUE COLLAR MONEY MASTERMIND: INVESTING FOR KINGDOM IMPACT starting Wednesday July 21st, 2021 at 12n. We will be meeting for 5 sessions thru August 18 and will be discussing the possibilities of getting financially unstuck, becoming a producer of value and reinvesting into the Kingdom of God.The cost of the course is $199 for the Beta of this Mastermind ($497 for future Masterminds) and you can sign up by emailing Mike Hatch at mikehatch@thebluecollarmoney.com with "mastermind" in the subject line. Resources/ Mentions:God is a Capitalist - McKinney Contact:PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Please join us for the first, BLUE COLLAR MONEY MASTERMIND: INVESTING FOR KINGDOM IMPACT starting Wednesday July 21st, 2021 at 12n. We will be meeting for 5 sessions thru August 18 and will be discussing the possibilities of getting financially unstuck, becoming a producer of value and reinvesting into the Kingdom of God.The cost of the course is $199 for the Beta of this Mastermind ($497 for future Masterminds) and you can sign up by emailing Mike Hatch at mikehatch@thebluecollarmoney.com with "mastermind" in the subject line. The following are the Narratives we use to solve for defining an individual or family plan for investment...The 5 Macro Narratives:Global EconomicsU.S. FinancePoliticsMedia/ TechnologyCivil Rights There is a trail of information that can be trusted but it lies in the relationship between the above arenas. If you can familiarize yourself with how these affect US Finance, the following truths can help you understand the game being played and distill your plan: The 7 Truths of U.S. Finance:There will always be a marketplace (for the buyer, seller and speculator).There will always be an arbitrageThere will always be speculators and market makers that will show you where the arbitrage exists. Their presence will also affect volatility and price action.Some people will always cheat. Not all, but some.Small timeframes take the blame /credit for moves in the market.People are people. Human nature hasn't changed in 800 years of recorded financial history.The Herd consumes...productivity exists outside of the herd.Final Points:You cant play the game and beat the game by making moral judgements against the game or the people. Don't dismiss the information because of its origin...but instead, become a learner.Hate debt.... every kind and all kinds of it. Once you have a healthy hatred of it, you can then decide which debt you will keep to move you forward.Understand the $/ Currency relationshipSelf Determination is a moral endeavor - God has set you free... now go live free and free others to do the same. Freeing people, adding margin and value to someones life is a Holy endeavor. Resources / Mentions:https://www.bloomberg.com/features/2021-millennials-are-running-out-of-time/The Fourth Turning - Strauss/ HoweProverbs 3:5,6U.S. Debt Collapse: $20,000 Gold - Mike MaloneyIMN Banking Conferences Contact:PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Please join us for the first, BLUE COLLAR MONEY MASTERMIND: INVESTING FOR KINGDOM IMPACT starting Wednesday July 21st, 2021 at 12n. We will be meeting for 5 sessions thru August 18 and will be discussing the possibilities of getting financially unstuck, becoming a producer of value and reinvesting into the Kingdom of God.The cost of the course is $199 for the Beta of this Mastermind ($497 for future Masterminds) and you can sign up by emailing Mike Hatch at mikehatch@thebluecollarmoney.com with "mastermind" in the subject line. The following are the Narratives we use to solve for defining an individual or family plan for investment...The 5 Macro Narratives:Global EconomicsU.S. FinancePoliticsMedia/ TechnologyCivil Rights There is a trail of information that can be trusted but it lies in the relationship between the above arenas. If you can familiarize yourself with how these affect US Finance, the following truths can help you understand the game being played and distill your plan: The 7 Truths of U.S. Finance:There will always be a marketplace (for the buyer, seller and speculator).There will always be an arbitrageThere will always be speculators and market makers that will show you where the arbitrage exist. Their presence will also affect volatility and price action.Some people will always cheat. Not all, but some.Small timeframes take the blame /credit for moves in the market.People are people. Human nature hasn't changed in 800 years of recorded financial history.The Herd consumes...productivity exists outside of the herd. Resources / Mentions:https://www.bloomberg.com/features/2021-millennials-are-running-out-of-time/ Contact:PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Resources and Mentions:StorybrandJim RohnMartin GuitarsFender GuitarsGuild GuitarsEnneagramYoung LifeAbraham KuyperMartin LutherN.T. Wright Contact:Jeremy Sheppard: www.jeremysheppard.comYouTubeInstagramFacebook PW Gopal: pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch: mikehatch@thebluecollarmoney.com
In response to our friend, Jason Reinwald's question about Commerce and the Great Commission we decided to put our thoughts into an episode. His question is one that we have chewed on for years and continue to work through so it was a valuable endeavor to put our thoughts in front of our listenership for engagement and critique.We keep the rules of Blue Collar Investing pretty simple: role up your sleeves, get your hands dirty and take responsibility for your financial future but we wanted to pull back the curtain and share a short outline that we follow to refine our stewardship and investment narrative.Complete the Biblical NarrativeGet Your House in OrderPlant in Your FieldPlant in Someone Else's FieldCelebrate God If you are looking for a deeper dive into Biblical Investing and stewardship principles you may want to be a part of our first ever, Blue Collar Money Mastermind: Investing for Kingdom ImpactWe are offering a 5 week class starting Wednesday, July 21 at 12pm (Finishing August 18). The Cost is $199 as this is the beta-round and will go up to $497 in the fall as the course is opened up to the public. Email mikehatch@thebluecollarmoney.com with "mastermind" in the subject line to register! We are really looking forward to learning from you and sharing resources with you to help you make the impact that God has intended for your energy and investment. Contact:PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Contact:Chuck Verrett - chuck@img-group.comLinked inIntegramarketinggroup.comsustainablemissionpartners.org PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Resources/ Mentions: John Perkins, Quiet RevolutionHigh Street HymnsMatt Taibee - The DivideBitcoin and Black AmericaRichmond Community Bail Fund Contact:Alex Mejias - amejias@jamesriverlaw.comjamesriverlaw.comalexmejias.com PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Resources/ Mentions: John Perkins, Quiet RevolutionHigh Street HymnsMatt Taibee - The DivideBitcoin and Black AmericaRichmond Community Bail Fund Contact:Alex Mejias - amejias@jamesriverlaw.comjamesriverlaw.comalexmejias.com PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
This episode was a treat to record! Our time with Shawn was packed with gold and we hope you take the time to take notes and think through the relationships that are affecting your portfolio.Shawn Honer is not only a 20 year veteran law enforcement officer for Homeland Security but a seasoned real estate investor. He has built his investment portfolio around real estate which isn't necessarily unique but what we found interesting is how he values relationships and people. We cant help but think there is an incredible correlation between his love for solid relationships and the success of his investment endeavors. Such an honor to sit down with him and hear how he has gone from working a 40 hour day job to owning/ managing 20 doors in just a few short years. Resources/ Mentions:Mount Zion Baptist Church - Albany, GA Contact:Shawn Honer - shawn.honer@yahoo.comLinked In PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
One of the biggest problems facing investors today who are interested in having a redemptive influence is the issue of information - where to get it, how to curate it, and how to navigate the obstacles of trusting information.We put together a short list that has been helpful to us in curating information to invest well. Again, our goal with this podcast is to teach people how to get "unstuck" but for the purpose of moving the Gospel forward - joining God in the "good work" He has left for us to do. We hope this episode helps you move your investing narrative forward and helps renew your vigor to see God move in your life and those you serve.Please feel free to reach out with any questions you may have about this process. Keep the Gospel centralBe honest about your backgroundFind a place to hear both sidesAll data is curated so it can be manipulatedSeek information through relationships Resources / Mentions:Yahoo Finance Lyn AldenGeorge GammonBrennan ManningEnneagram - The Art of GrowthThe FlipsidePhilanthrocapitalism Contact:PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
Thank you for joining us for our one year anniversary show! We are so grateful to our listeners for staying with us and supporting us over the past 50+ weeks as we unpack our passion for getting middle class folks financially unstuck.This episode was pure passion! We can't emphasize enough the critical nature of integrating the Biblical narrative of Stewardship into your family's investing narrative. The following are basic steps to consider when writing out your investment strategy. We firmly believe that Kingdom Values combined with sound financial strategy can provide true redemptive influence in your family and community. Complete the Biblical NarrativePut Your House in Order: Problems to Solve vs. Tensions to ManagePlant In Your FieldPlant In Others FieldsCelebrate God Resources/ Mentions:Brant Menswar - Black Sheep ValuesMatthew 6:33 - "Seek First the Kingdom"Deuteronomy 6:7-8 "Commandments on Your Heart" Contact:PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
This was a fun episode for us because we have known Dan for several years and have first hand watched him overcome some serious personal obstacles to build a thriving business. His tenacity and heart to serve folks in his community is what shines in this episode. If you are interested in building up cash flow through short term rentals this is a great episode to take notes from - Dan was kind enough to be transparent how he set up his business and what he puts into it to make his clients and customers happy. Resources / Mentions:Hostfully - software managementStripe - payment processing Contact:Dan Morris - morrissolutionswnc@gmail.comMorris Solutions WNC PW Gopal - pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comMike Hatch - mikehatch@thebluecollarmoney.com
All opinions expressed by PW Gopal and Mike Hatch, or any podcast guests are solely their own. This podcast is for informational purposes only and should not be relied upon as a basis for legal, tax, and investment decisions. All comments are based upon information participants consider to be reliable, and PW Gopal and Mike Hatch are not responsible for the consequences of any decisions or actions taken because of the information provided. The Speed Equity System is a system created by Harj Gill to use the "key banking principle" to pay down your mortgage in years instead of decades.It requires significant discipline and is not for everyone to use or utilize. We do not recommend toying around with the principles explained in this episode or this system without professional consultation and coaching from financial advisors and Harj Gill.* MIKE HIGHLY RECOMMENDS GETTING HARJ GILL'S BOOK AND READING IT BEFORE ATTEMPTING THIS METHOD. IT WILL ANSWER ALL OF YOUR QUESTIONS IN DETAIL. Resources and Mentions:The Speed Equity System - Harj GillBook: "Own Your Home Years Sooner and Retire Debt Free" by Harj Gill explains everything about how the system works in detail. Mike Hatch - mikehatch@thebluecollarmoney.comPW Gopal - pw.gopal@thebluecollarmoney.com, pwgopal@pwgopal.com
After sitting down with Investment Advisor, Daniel Johnson III last week, we wanted to explore the foundational principles and action steps that can better prepare us for financial success. As you may have discovered, it's one thing to enjoy a great story but it's quite another to be able to write one - especially when we are unfamiliar with the metrics of great stewardship.Wealth and financial independence dont happen overnight and they certainly dont happen without significant planning and focus.The following are part of a basic outline to consider when assembling the elements of your story. In our experience, it is helpful to think about it as a house with many floors built on the foundation of Biblical principles of stewardship:1. Foundation: (Meta Narrative) - The Gospel and biblical narrative of stewardship/investment2. First Floor: Our Kingdom Values in Tension with the Macro Narrative - the macro narratives beingGlobal EconomicsUS FinancePoliticsCivil RightsMedia/Technology 3. Second Floor: Debt, Savings and Hedging Coupled with Planned Generosity 4. Third Floor: The 3 Legged Stool of Business Ownership, Cash and Cash Flow, and Real Estate5. The Apex of the House: Having a Redemptive Influence over our families, neighbors and community Resources and Mentions:Daniel Johnson III, CFP, CEPARefocus Financial Planningwww.refocusfp.com Tamsin Webster - The Red Threadwww.tamsinwebster.com Contact:PW Gopal www.pwgopal.compwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.com Mike Hatchwww.empoweredmanhood.commikehatch@thebluecollarmoney.com
We took pages of notes from our time with Daniel Johnson so it may take repeated listens to this episode to take in all the gold in his comments. Feel free to reach out to Daniel through email or message him on LinkedIn to set up an appointment:URL: www.refocusfp.comEmail: daniel@refocusfp.comLinkedIn: https://www.linkedin.com/in/danieljohnsoniii/ PW Gopal: pwgopal@pwgopal.com, pw.gopal@thebluecollarmoney.comwww.pwgopal.com Mike Hatch: mikehatch@thebluecollarmoney.comwww.empoweredmanhood.com
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