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The Art of Building Wealth: Noah Kinsey's Journey in Film and Coffee
Manage episode 375643527 series 3410786
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In the episode, the guest speaker emphasizes the importance of diversification in both personal finances and professional careers. They highlight the risks associated with being dependent on one sole thing and stress the need to constantly seek new opportunities and sources of income.
In terms of personal finances, the guest speaker references the book "Rich Man Poor Man" as a catalyst for their understanding of making money work for them. They emphasize the significance of diversifying investments and not relying solely on one source of income. By diversifying, they explain that the risk of losing everything in the event of a failure is mitigated. They also emphasize the importance of having multiple clients in the sales world, as relying on just one client can be risky if their marketing strategy changes or their spending reduces.
Professionally, the guest speaker emphasizes the need for continuous growth and avoiding complacency. They assert that in business, one must either grow or face decline. They stress the importance of diversifying skills and not depending solely on one job or business venture. They argue that over-reliance on one thing can lead to failure if it ceases or becomes obsolete. They encourage listeners to adopt a mindset of constant learning and adaptability to minimize the risk of failure.
Overall, the episode highlights the risks associated with dependence on one sole thing, whether in personal finances or professional endeavors. The guest speaker emphasizes the importance of diversification and continuously seeking new opportunities to mitigate risk and increase the chances of success.
In the episode, the host and guest emphasize the importance of educating oneself and taking calculated risks to achieve success in business. They discuss how fear can hinder starting a business, but by acquiring knowledge and understanding business ownership, that fear can be diminished. They emphasize that the more one learns and prepares for success, the less fear they will experience.
Welcome to the No BS Wealth Podcast with Stoy Hall, your candid guide to financial clarity. In our third year, we're spicing things up by enhancing community ties and bringing you straight, no-fluff financial insights. Connect with us on NoBSWealthPodcast.com, and follow Stoy on social media for the latest episodes and expert discussions. Tune in, join the conversation, and transform your financial journey with us—no BS!
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Chapters
1. The Art of Building Wealth: Noah Kinsey's Journey in Film and Coffee (00:00:00)
2. Combining art and business successfully (00:05:55)
3. Investors expect high returns (00:10:56)
4. Film box office numbers are complex (00:12:23)
5. Investors can get better returns (00:18:02)
6. Protect the little guy in film industry (00:27:57)
7. Diversify for long-term success (00:32:03)
8. Take risks and educate yourself (00:38:00)
9. There is no such thing as a safe job (00:40:33)
10. Engaging strategies can outperform portfolios (00:46:03)
95 episodes
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