Recovering From Crisis, Part 2: How A Big Chicken Builds Wealth and Plans for Legacy

<p>There's nothing tricky about the principles outlined in this episode as PW's "big chicken" methodology is a result of his second go-round with financial crisis.  The first, coming from his poor financial decisions - the second, coming from his daughters health crisis.  </p><p>What does the chicken want?</p><p>1.  Safety and Guarantees</p><p>2.  A Smooth Path</p><p>3.  Balancing your best hours and secondary hours.</p><p> </p><p>We encourage you to go back and listen to the episode on the Order of Investing.  Our hope is as you listen to this discussion you are encouraged to prepare, educate yourself on the steps and pray through your plan for stewardship.</p><p>PW detailed his "long game" in the episode and we have shared the outline below:</p><p> </p><p>THE LONG GAME OF RECOVERY</p><ol><li>Bottom Line - 7 streams of income protect the bottom line so bills get paid and cash flow is recovered.  Second, the cash flow is used to identify which streams will take priority moving forward into phase 2.</li><li>Blue Collar Business - we would like to invest in blue collar businesses that follow the narrative of Boaz (Book of Ruth)<ul><li>invest close to home</li><li>work with my hands</li><li>produce value</li><li>employ people, having a direct effect on families</li></ul></li><li>Rentals, specifically mobile home and tiny/micro home investing</li><li>Protection - we are working with an advisory group to set up whole life insurance that will allow us to shield any income from unnecessary taxes and allow for ease of reinvestment.</li><li>The Long Game</li></ol><ul><li>Equity Stakes in small business</li><li>Offer Loans directly from CV whole life insurance policy</li><li>10x land/rentals</li><li>more life insurance</li><li>Investment into non-profit by making www.hundredmovement.com and www.younglife.org the beneficiaries of the policies.</li><li>investment in people and relationships</li></ul><p>        6.  Disruptors</p><ul><li>history</li><li>perception</li><li>anxiety and paralysis</li><li>failures</li><li>people</