DOUGH: How to Take a (Financial) Hit
Jul 27, 2022•54 min
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Episode description
Mark Parrett and Steven Manuel talk (from painful personal experience) about how to take a loss and get back on your feet:
1. Do spiritual work first (10:00)
2. Work though the loss relationally (with the wife) (17:45)
3. Have or review a financial plan (25:20)
4. Share your loss with trusted friends (28:45)
5. Restore truth in your thinking (30:00)
6. Reconsider your financial assumptions (40:15)
7. Recoup integral losses via work and savings (42:30)
8. Rebalance as needed (43:40)
They finish up by talking nonsense about sneakers, restaurant reviews, and YouTube. You don't have to listen to that part.
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