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Chief Change Officer - Collin Plume: The Golden Rules for a People-First Financial Future – Part Two

Collin Plume: The Golden Rules for a People-First Financial Future – Part Two

Chief Change Officer

10/16/24 • 37 min

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Part Two.

I used to work in LA for TCW Asset Management, where I managed billion-dollar funds for institutions alongside the Bond King, Jeffrey Gundlach, focusing on bond and credit portfolios. Today, I’m meeting someone else from LA, but with a different angle on investment—precious metals like gold and silver. Our guest, Collin Plume, is here to talk about something often overlooked and undervalued.

But don’t worry—this isn’t a sales pitch on buying gold or silver.

Collin and I will dive into more personal topics: family, parenting, retirement, and the sense of control over personal finance, as well as financial education for future generations. So if you have kids, care about your financial future, are looking after elderly family members, or are simply concerned about financial and family planning in general, join us and get inspired by Collin’s journey in building wealth from scratch.

This is part 2 of our 2-part series on Collin and his golden rules of people-focused finance.

Key Highlights of Our Interview:

Gold, Real Estate, and Learning New Tricks: Why Diversifying is the New Smart

“Be willing to learn about a new investment or a new strategy every year, whether you decide to do it or not. But I think being willing to learn about it is important. It will help you and it’ll keep you sharp.”

Beware of Finfluencer Hype: Not Everything That Shines Is Gold

“Too often, people take influencers at face value, believing that the most engaging video equals the best advice. In reality, it’s important to fact-check and do your own research because many influencers are just paid promoters, not experts.”

Do Your Research: Don’t Let Algorithms Make Your Financial Decisions

“Algorithms don’t care if the advice is good; they only care if the content is appealing. So when it comes to financial decisions, it’s on you to dig deeper, check multiple sources, and make sure the influencers you follow are legit.”

The Real Cost of Reckless Spending: Teaching Financial Discipline to the Next Generation

“As a family, we prioritize experiences like travel and education over material goods. I’ve shown my children the gold and silver I’ve set aside for them and explained how these assets will be worth something significant in the future. Whether they want to start a business or pay for college, these investments will be there for them."

“I make sure my kids know that money isn’t something to be taken lightly. Whether it’s explaining mortgages to my 8-year-old or discussing the importance of not being wasteful with their toys, they need to understand that everything has a cost. I often use examples like Disneyland—where you can easily spend thousands in just a few days."


Connect with us:
Host: Vince Chan | Guest: Collin Plume

______________________

Chief Change Officer: Make Change Ambitiously.

Experiential Human Intelligence for Growth Progressives
Global Top 3% Podcast on Listen Notes
World's #1 Career Podcast on Apple

Top 1: US, CA, MX, IE, HU, AT, CH, FI, JP
2 Millions+ Downloads
50+ Countries

10/16/24 • 37 min

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