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917: Friday Q&A: Birth Tourism, Choosing Books for Children, Saving Too Much Money, Develop Business to Full-Time

Radical Personal Finance

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Are You Getting Rehired in the Event of a Total Bankruptcy?

There's a lot more responsibility on you now than there was ten years ago so figure out what you would do in the case of a total bankruptcy and think about that. If your career skills could stay current if you can keep your contacts current etc you can probably afford to pretty quickly move on and and try the business. A lot of people overestimate the the risks that they face uh very very prudent people often just overestimate the risks and they underestimate the value of moving quicker. It really is important to move as quickly as you can by being moderately aggressive instead of you know really really conservative, because fortune favors the bold.

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