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308 – Debt and The Role of Luck
Podcast |
Debt Free in 30
Publisher |
Doug Hoyes
Media Type |
audio
Podknife tags |
Investing
Personal Finance
Categories Via RSS |
Business
Investing
Publication Date |
Jul 25, 2020
Episode Duration |
00:23:52

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

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