Financial Conditioning
Simon Karmarkar delves into inspiring stories and advice on achieving financial freedom. Get actionable tips, motivational stories, and insightful discussions that will empower you to take control of your financial future and get financially conditioned.
Navigating Financial Growth: Kids, Milestones, and the Psychology of Success
In episode 91 of Financial Conditioning, Simon Karmarkar explores the potential for financial growth during stock market downturns, emphasizing strategies suitable for young investors. He discusses the importance of reassessing risk and achieving investment milestones. The episode delves into the psychology behind reaching six-figure financial success, providing listeners with insights into mindset shifts. Simon shares entrepreneurial insights for those embarking on financial ventures, highlighting the critical 'Last Mile' in financial journeys. The episode concludes with personal takeaways on perseverance in finance, encouraging listeners to remain steadfast in their financial pursuits.
Key Points
- Investing during stock market downturns can significantly benefit your children's financial future by allowing you to buy assets at lower prices.
- Building a $1 million portfolio for your kids can reduce their need to chase high-paying jobs and allow them to live more purpose-driven lives.
- The concept of "The Last Mile Is Where Success Is Made" emphasizes the importance of completing every step in both financial and personal goals to achieve true success.
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Transcript
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