Get Rich Education 147: How To Invest Outside Banks and Wall Street with Patrick Donohoe of The Wealth Standard – Empowering Individual Financial Independence
#147: You’re going to live longer than your parents and ancestors. Half of today’s retirees will live into their 90s. That’s good...if your finances can support your lifestyle.
Patrick Donohoe, Founder and CEO of Paradigm Life, is our guest today.
Debt is vital to wealth creation. We tell you why.
Inflation vs. Deflation: this “Economic Tug Of War” is discussed. It’s deflationary globalization versus inflationary dollar-printing.
Patrick tells us how to bank outside the banking system via the Perpetual Wealth Strategy.
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Listen to this week’s show and learn:
01:00 “Formal education will make you a living. Self-education will make you a fortune.” -Jim Rohn
06:08 Patrick Donohoe interview begins.
09:24 Retirement: is the very idea “anti-life”?
12:36 Buying time vs. selling time. Wall Street vs. Main Street.
16:06 Hanging around the same people equals the same results.
17:26 Debt.
25:17 Inflation vs. Deflation.
34:26 How to “be your own bank”.
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