Podcasts Other Conversations for Financial Professionals How Do the Rich Really Get Rich? - Experiencing Financial Contentment with Dominique Henderson, CFP | Get Better Results in Your Life and with Your M...

How Do the Rich Really Get Rich? - Experiencing Financial Contentment with Dominique Henderson, CFP | Get Better Results in Your Life and with Your M...

Published: Aug. 4, 2017, 5:30 a.m.

Podcast Details\nPodcast Title:\xa0 How Do the Rich Really Get Rich?\nPodcast Series: Financial Literacy Boot CampLink to Show EpisodeLink to Latest Forbes 400 List\nWhat is Systematic Risk?\nSo there is a term called systematic risk. And I have to cover this because it will give context on \u201chow you get rich\u201d. Systematic risk is the risk inherent to a \u201csystem\u201d. Think of investing in the stock market and the risk that comes with investing in equities. \xa0There are risks inherent to that type of investment that are unavoidable and non-diversifiable. This would be defined as the uncertainty associated with investing in this system.\nThis is not to be confused with \u201csystemic\u201d risk which is risk similar to the collapse of 2009 where subprime mortgages almost took down the entire\n\n--- \n\nSend in a voice message: https://anchor.fm/dom-the-maven/message