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Collin Plume

šŸ‘¤ Person
756 total appearances

Appearances Over Time

Podcast Appearances

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

any better i still think real estate is going to have significant issues and so if you have all your funds and just real estate just rental properties just whatever it is in real estate and you go through a down period and we've been in a two and a half year down period in real estate then you could really jeopardize that comfortable retirement if you don't have other assets to pull from

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

any better i still think real estate is going to have significant issues and so if you have all your funds and just real estate just rental properties just whatever it is in real estate and you go through a down period and we've been in a two and a half year down period in real estate then you could really jeopardize that comfortable retirement if you don't have other assets to pull from

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And so that's a big part of my philosophy is I do own real estate. I do own lots of gold and silver. I do own some stocks. It's important to be diversified. And I've even diversified into buying additional businesses because I do want to be more diversified. And I think that owning good quality businesses and building them up is another way to have an income stream.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And so that's a big part of my philosophy is I do own real estate. I do own lots of gold and silver. I do own some stocks. It's important to be diversified. And I've even diversified into buying additional businesses because I do want to be more diversified. And I think that owning good quality businesses and building them up is another way to have an income stream.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And so I do exactly what I tell people to do and I am diversified. And that makes me feel more comfortable is not having all my eggs in one basket. And I think that's the thing that I would say to people is the most important is be willing to learn about a new investment or a new strategy every year, whether you decide to do it or not is up to you. But I think being willing to learn about it

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And so I do exactly what I tell people to do and I am diversified. And that makes me feel more comfortable is not having all my eggs in one basket. And I think that's the thing that I would say to people is the most important is be willing to learn about a new investment or a new strategy every year, whether you decide to do it or not is up to you. But I think being willing to learn about it

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

is important. It will help you and it'll keep you sharp. And I think the idea that you can just rely on a financial advisor or a stockbroker to make all the decisions for you is not a way for success. I think that they have a very specific job. They have certain items that they can put you into or sell you into.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

is important. It will help you and it'll keep you sharp. And I think the idea that you can just rely on a financial advisor or a stockbroker to make all the decisions for you is not a way for success. I think that they have a very specific job. They have certain items that they can put you into or sell you into.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And if you only rely on them, you could be missing out on some tremendous opportunities in other investments that are out there. And so the goal I think today, and this is the thing I tell people about gold and silver, the great thing about owning gold and silver is that you are in control of it. You're the boss. The downside to owning gold and silver is that you're the boss.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And if you only rely on them, you could be missing out on some tremendous opportunities in other investments that are out there. And so the goal I think today, and this is the thing I tell people about gold and silver, the great thing about owning gold and silver is that you are in control of it. You're the boss. The downside to owning gold and silver is that you're the boss.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

So you're the boss of both sides. And for some people, that's what they want. And for other people that are afraid of it. But I think ultimately when you're talking about your future and your finances and all the things that you've worked so hard for, Ultimately, you do want to be the boss and you want to dictate your future yourself and be in charge of it.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

So you're the boss of both sides. And for some people, that's what they want. And for other people that are afraid of it. But I think ultimately when you're talking about your future and your finances and all the things that you've worked so hard for, Ultimately, you do want to be the boss and you want to dictate your future yourself and be in charge of it.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And I think that's the big shift that's happened in investing over the last 20 or 30 years. People now, people on the internet, people on YouTube that are talking about finances, and it's really shifted from... the financial advisor model to, hey, I can learn stuff online. I don't have to just trust my financial advisor. I can learn on my own. I can go to YouTube.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And I think that's the big shift that's happened in investing over the last 20 or 30 years. People now, people on the internet, people on YouTube that are talking about finances, and it's really shifted from... the financial advisor model to, hey, I can learn stuff online. I don't have to just trust my financial advisor. I can learn on my own. I can go to YouTube.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And I think people that are doing that and that are learning about new investments are really benefiting from all the information that's out there.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

And I think people that are doing that and that are learning about new investments are really benefiting from all the information that's out there.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

Yeah, I think being diversified in a retirement. I think your question is interesting in that retirement is changing in that people are working longer and I think it's great that they're working longer. I recently was on a work trip and I jumped into an Uber with my A gentleman who sold a business, was successful, but he felt like he was too young to retire. And so he was driving Uber.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

Yeah, I think being diversified in a retirement. I think your question is interesting in that retirement is changing in that people are working longer and I think it's great that they're working longer. I recently was on a work trip and I jumped into an Uber with my A gentleman who sold a business, was successful, but he felt like he was too young to retire. And so he was driving Uber.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

The money was helpful, but not necessary. But he wanted to stay sharp. He wanted to have a purpose. And so I do think he was in his late seventies. And and I think that the idea of retirement is going to change for people because they can work from home. They can do different jobs. Father's a great example.

Chief Change Officer
#328 Collin Plume: Ownership, Not Optics—Teaching Real Wealth to the Next Generation

The money was helpful, but not necessary. But he wanted to stay sharp. He wanted to have a purpose. And so I do think he was in his late seventies. And and I think that the idea of retirement is going to change for people because they can work from home. They can do different jobs. Father's a great example.