308 – Debt and The Role of Luck

308 – Debt and The Role of Luck

Author: Doug Hoyes July 25, 2020 Duration: 23:52

Are you a success because of your superior brain power, and skill, and hard work?

Or was it all luck?

If you are having a rough time, is it because you screwed up, or was it bad luck?

On today's show Doug Hoyes days that most of what happens to you and me, good or bad, is luck.

We've all just endured the great coronavirus lock down of 2020, many businesses have failed, millions of people lost their jobs, some permanently.

That was all bad luck.

None of us caused the big bad virus, but we are all suffering the effects.

That's one example of bad luck; we've got lots more on today's show.

And no, we are not saying you shouldn't work hard.  Of course you should.  It's just that sometimes stuff happens, and we need to recognize what we control, and what we don't.

Tune in to the luck episode, this week on Debt Free in 30.

Links:

 

The Long-Term Labor Market Consequences of Graduating From College in a Bad Economy by Lisa B. Kahn https://www.sciencedirect.com/science/article/abs/pii/S0927537109001018#!

Outliers: The Story of Success by Malcolm Gladwell Book on Amazon: https://www.amazon.ca/Outliers-Story-Success-Malcolm-Gladwell/dp/0316017930

Podcast 300: Can You Create Your Own Reality? https://www.youtube.com/watch?v=PuiP9I6_cMg


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 500

Debt Free in 30
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