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You need to be flexible emotionally, mentally, physically, and financially if you want to be able to weather anything that comes your way. That’s what being anti-fragile means and that’s what I’m sharing with you today.
Watch this episode to have a better understanding of the anti-fragile concept, how it applies to life and your finances, and how you can make sure you’re doing the right things to become anti-fragile!
Key Talking Points of the Episode
[01:35] What is the anti-fragile concept?
[02:29] What is the scientific law of perturbation?
[03:21] How does this principle apply to other areas of life?
[04:40] What was it like to surrender?
[05:42] How was I able to get out of the mess I was in?
[07:31] What does a good financial plan look like?
[09:37] What is the problem with investing for appreciation?
[12:15] What is the importance of having options?
[13:01] Why is cash flow important?
[15:15] What is the risk in traditional financial planning?
[16:30] How can you be flexible?
[18:12] Will traditional financial planning work for you?
[19:14] How are our infinite banking plans different?
[21:00] What is the key to becoming anti-fragile?
“If you’re working out, you might rip and tear some muscles as you’re doing that kind of thing, but of course, as it’s ripping and tearing - what seems like destroying, in truth actually heals and becomes stronger as they go.”
“I tried to be rigid during that time. I tried to be tough and I was not gonna cave in, I’m not gonna do it.”
“Any good financial plan requires flexibility, requires options. Youoften hear me say that when you create more cash flow, you get more options. When you have more options, you have more freedom.”