EPISODE HIGHLIGHTS:
Erik shares the changes with the show in the coming month such as a name change. His purpose is to provide you with the tools that are going to help you the most which is why some changes to the show are coming. There will be a new name which will be announced soon.
KEY POINTS:
Erik talks about a story with a day trader and how there are times when people make money when the market is down (called shorting the market) and compares it to craps when betting against everyone but actually with the house.
In that instance the odds are in the person’s favor to win but they are usually in the minority compared to the rest of the gamblers at the table. It is an interesting philosophy that shows there are many different ways to earn money
RESOURCES MENTIONED:
Schedule a time to talk with Erik (https://calendly.com/erikeugenesmith).
Find Erik on Instagram, Facebook, LinkedIn and Twitter
10 Feb 2020
051: Dr. Lindsey Marvel | Our Vision Reflects What We See or Don’t See
OVERVIEW:
Dr. Lindsey Marvel, optometrist describes getting into the field which was not widely accepted by her family even though she is a doctor. The focus she had growing up was on sports, especially tennis as she was a highly ranked tennis played that led to a collegiate career and school was secondary.
EPISODE HIGHLIGHTS:
Being in competitive tennis allowed Lindsey to utilize her skills developed in competing directly against someone else, translated into understanding how to handle nervousness in optometry school when it came to demonstrating her capability to perform eye exams while being tested.
It also helped in dealing with adversity and failure by bouncing back from difficult circumstances.
Lindsey continues to visualize like she did in tennis, where it’s a process done beforehand so she is prepared for different situations.
KEY POINTS:
Lindsey describes different challenges with not having equipment in certain clinics she worked at and the appropriate access to proper care right after graduating from school, especially when it was beyond the scope of her practice.
Lindsey talks about the importance of eye exams when it comes to health and catching things early, to prevent problems from happening. She describes the current process of tele-health and performing eye exams from home.
TWEETABLE QUOTES:
“The visualization part has to be early on...picturing myself doing well. Also going through different scenarios, what if this happens or that happens.” –Lindsey Marvel
“With diabetic eye disease, there are new blood vessels that form and need to be put out like a fire...if new ones form and talk to each other they can spread like a wild fire.” –Lindsey Marvel
“They never one with glaucoma because it’s the silent killer of vision.” –Lindsey Marvel
“The eye is really a window into the body.” –Lindsey Marvel
RESOURCES MENTIONED:
Schedule a time to talk with Erik (https://calendly.com/erikeugenesmith)
Find Erik on Instagram, Facebook, LinkedIn and Twitter
Check out the Seva Foundation
Email Dr. Lindsey Marvel (emailto:dr.lindseymarvel@gmail.com)
Follow @lindsemarvel on Instagram
7 Feb 2020
050: Not All Financial Education is Created Equally
EPISODE HIGHLIGHTS:
Erik shares a story of a conversation he recently had with an individual who studied finance and daily trades in the market.
It was interesting to find that the individual was not aware of different financial concepts.
KEY POINTS:
Erik revisits the rule of 72, the compound interest formula where we take the number 72 and divide it by the interest rate we earn on our money and it equals the number of years it will take our money to double.
72 / % rate = # years money will double
Erik also talks about the indexing strategy where our money is not in the market but is based on market performance and we get the growth but are protected from the downside in case the market goes down. He brings up index funds which people are familiar with where a mutual fund is composed of specially the S&P 500.
RESOURCES MENTIONED:
Schedule a time to talk with Erik (https://calendly.com/erikeugenesmith).
Find Erik on Instagram, Facebook, LinkedIn and Twitter
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