Description
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Ever wonder how much money is truly enough? Get ready to delve into the intricacies of investing with our guest, Shabbar Kassam. We will be exploring the psychological phenomena of the "hedonic treadmill" and how the endless pursuit of wealth can often lead to self-sabotage. Shabbar shares his wisdom on the importance of financial education and the art of restraint in wealth building. Prepare for an enlightening discussion that challenges the conventional understanding of money and wealth.
In our journey toward financial success, we often overlook the importance of setting tangible goals and objectives. Join us as we unravel the importance of aligning your investments with your values and desired lifestyle outcomes. Whether it's committing to charity or setting a time frame for financial goals, we delve into practical ways to maintain financial discipline and escape the rat race. This conversation is set to shift your perspective on money and its role in our lives.
Finally, we tackle the big question: risk versus reward. How does it tie into your long-term financial planning? We investigate the three main types of risk associated with wealth building: inflation, sudden loss of capital, and volatility. Shabbar guides us through understanding the role of these risks, and how we can use them to our advantage for better returns on our investments. Get ready to redefine your approach to risk, money, and wealth creation.
Transcription
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