Wealth in the Fifth Dimension

24/365: "Massive Losses Ahead: The Critical Missteps Between Financial Advisors and Clients”


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Hey everyone! In this episode, I share a story from the gym to explain how long-term thinking can be tough. Every December, the gym gets super crowded with new people, but by February, most of them have vanished. This shows that sticking to a long-term goal is harder than it looks.

I also talk about my early experience with gambling. I remember the first time I played—I put in 25 cents and won $2,000! That win messed with my head, and I chased that high until I lost everything. This taught me that shortcuts don’t work. There’s no easy way out; real success takes time and hard work.

I discuss some problems we face with long-term thinking. Even if it makes sense, not everyone around us will support it. Good communication is key to getting people on board. Plus, we need to be flexible and open to new ideas. Reading books is much better than just scrolling through social media if we want to grow.

I share a quote from Ben Graham, a famous investor: “The purpose of the margin of safety is to render the forecast unnecessary.” This means that being flexible helps us handle uncertainty better.

I point out that many people live paycheck to paycheck, which shows how not thinking long-term can limit our choices. 

The main takeaway? We need to think long-term and be patient. Communicating our goals and being flexible are super important. Remember, long-term success is a series of short sprints, so let’s keep going!

I want you to think about where you might be ignoring the long-term in your life—whether it’s health, relationships, or money. 

Thanks for joining me for another episode of "Wealth in the 5th Dimension" with Joe Soto. Don’t forget to follow the podcast while it’s free. See you tomorrow, and have a blessed day!

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Wealth in the Fifth DimensionBy Joe Soto