13. Exiting and Investing Can Eat You Alive - Know Your Worth and Risk Management Focus

The Dirt

07-06-2022 • 56 mins

The digital economy is leaving retail (everyday) investors in the dust, but that doesn’t have to be you. Join host Jim Barnish and entrepreneur Richard Smith as they discuss what drives the financial markets, and how you can build your own wealth instead of someone else's.

Learn about the pitfalls of human behavior in investing as it shapes how we act when we see a market falling vs. a market rising. Our fear of losing and missing out is a powerful motivator that big market players take advantage of. How would we act differently if we had better information about our risk vs. reward ratio while investing? What tools and methodologies do institutional investors use that give them an advantage over retail investors?

With a PhD in engineering and 15 years experience building his own company before an  8-figure exit, Richard Smith shares what he learned about real value, creativity, and organic growth’s importance in building a business. Discover the risk management mindset he is building through the RiskSmith app to help the average investor build wealth and transform their life.


3 Key Takeaways

  • Identify the real value that you can provide as an entrepreneur instead of chasing gimmicks.
  • Exiting your company is one of (if not the) hardest moments of entrepreneurship.
  • Don’t get left behind in the digital economy. Learn to understand risk and build your plan (financial, professional, etc.) based on your risk-reward tolerance.


Resources

Risksmith.com

LinkedIn

drrichardsmith.com


About

Dr. Richard Smith has spent the last two decades building on what he learned so he could help average investors leverage technology and behavioral finance to make consistently better investment decisions. His work helping independent investors is moving full speed ahead. He's more committed than ever to building next-generation financial technology and providing great education for independent-minded individuals who are committed to succeeding on their own.