The Prosperity Podcast The Impact of Global Events on Personal Finance - Episode 551
Kim and Spencer discuss the importance of regulating one's own reactions to global events, particularly how these events impact personal finance. They emphasize the idea of having a 'news diet' or 'news fast' to maintain a sense of perspective and control, arguing that individuals should not allow uncontrollable world events to impact their controllable personal finances. They also delve into how individual mindset plays a key role in personal finance and the danger of fear. They propose choosing where to direct attention and focusing on positive, prosperous events instead. They also recognize the interconnectedness of external events and personal lives but encourage listeners to think before sharing potentially distressing news, thereby protecting the emotional wellbeing of themselves and others.
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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
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- https://gravystack.com/prosperity
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Show Notes
- The harm that allowing global events outside our control can cause to personal finances, mindsets, and relationships
- Effects of smaller scale events, such as city or family incidents, on one’s financial life
- How to manage the consumption of information from world events
- The importance of being conscious about the information that is interjected into current events
- Relevance of setting up filters when consuming information and deciding what is worth sharing with others
- How focusing on catastrophes can hinder prosperous thinking but also present opportunities for problem-solving
- Kim’s experience in a strategic coach event and how she applied the prosperity lens on the information she got
- The importance of listening to find potential in every story and praises the positive elements in every situation
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