Ep. 106: Problem Solving

Topic: Problem Solving

What we cover:

  • Solve or Cause
  • What I’m trying to teach my daughter
  • Identifying the problems in your life
    1. Short term problems
    2. Mid-term problems
    3. Long-term problems
  • Have the guts to admit you have problems
  • Ignoring problems actually causes more problems
  • Examples of problem solving gone horribly wrong
    1. Fear of the market — Pull out
    2. Borrow money to get out of debt instead of changing behavior
    3. Home equity lines
    4. From I need food to I need a car
  • How to solve problems better
  • Once you identify the problem….
  • Look for a permanent solution
  • Think the farthest out that you can imagine the problem going, and then work backwards

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