The Relationship of Luck and Control - Episode 557
The Prosperity Podcast
Exploring the Concepts of Control and Luck in Financial Planning
Exploring the balance between control and luck in uncertain times, with a focus on principles of liquidity and preparation within the realm of insurance advising.
Spencer and Kim discuss the concept of luck and its relation to hard work. They argue that luck can be misleading since it insinuates that success doesn't need work or can be taken away at any moment. Instead, they emphasize that working is a way of serving and creating value, making it the foundation for success. They also underline that when one is prepared and actively participating, opportunities arise that may be perceived as luck but in reality, are the product of effort and preparation. The hosts also express skepticism towards beliefs that advocate for good fortune through actions like playing the lottery or burning fake money, highlighting the importance of work, savings, and ownership as the means to control and independence.
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Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!
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Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Kim’s perspective on luck and why it's not one of her favorite words
- Alternative perspective of work as a positive thing
- The idea of uncontrollable good or bad luck
- How to create abundance without relying on luck
- Individual responsibility and control in attaining prosperity
- Optimizing for independence instead of freedom
- Dangers of government-sponsored plans removing control from individuals
- The importance of controlling our reaction to uncertain situations
- The LUC (Liquidity, Use, Control) concept and how it's misconstrued as "luck"
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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