Lori and I recently went to visit her 95-year-old grandpa and we were lucky enough to ask him a few questions regarding money. In today’s episode, you’ll hear the story of how Grandpa Al was able to pull his family out of financial ruin after his business burned down 65 years ago, and what his biggest investment regret is.
His reflections illustrate that if you’re willing to do whatever it takes to boost yourself up and sacrifice your daily comforts for long-term prosperity, anything is possible. He also explains how if he had practiced delayed gratification and invested in some discounted land before building his dream house, he would’ve been $6.5 million richer today. Listen in to hear more of Grandpa Al’s wisdom and how we can all extract lessons from older generations.
Episode Timeline & Discussion Questions:
( 1:06 ) Welcome back to another episode of The Chris Harder Show. Today, Chris is talking about the two financial lessons that Lori’s 95-year-old grandpa shared with him.
( 2:42 ) Chris tells the story of how Al pulled himself out of financial ruin after his business burned down 65 years ago.
( 6:14 ) Chris says, “When we’re in a bad financial place, many times we are not willing to do what it takes.”
( 7:37 ) Chris says, “You need two tools to become financially comfortable to become financially abundant: the shovel and the level.”
( 8:50 ) The second question that Chris asked Al was, “What do you wish you would have done differently?”
( 11:03 ) Chris says, “Sometimes you have to make a tough choice of delayed gratification in order to risk it all and invest it where your gut tells you to invest it.”
( 12:16 ) Text DAILY to 310-421-0416 to get daily Money Mantras to boost your day.