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2024-07-16_A_Few_Useful_Lessons_and_Inspiration_from_Trump_and_the_Assassination_Attempt


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00:00:30.240 | Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge,
00:00:33.360 | skills, insights, and encouragement you need to live a rich and meaningful life now,
00:00:37.600 | while building a plan for financial freedom in 10 years or less.
00:00:40.400 | My name is Joshua, and today is Tuesday, July 16, 2024.
00:00:44.560 | News over the last few days has been saturated with coverage of the assassination attempt
00:00:50.960 | of Republican presidential candidate Donald Trump, and with good reason.
00:00:55.520 | I'm extremely grateful that the sniper who attempted to shoot him in the head missed
00:01:00.640 | and only succeeded in shooting him in the ear, because things could have and would have
00:01:06.240 | changed very quickly in the United States had the sniper's bullet succeeded.
00:01:11.600 | After any kind of event like this, I always ask, what can I learn?
00:01:14.400 | What would I like to learn from the situation at hand?
00:01:17.600 | And there's certainly a lot to say.
00:01:20.560 | I have a significant level of frustration with Mr. Trump.
00:01:26.000 | I'm a politically homeless guy who really gets very frustrated by any discussion of
00:01:31.520 | politics these days.
00:01:32.960 | But I like to learn from a situation.
00:01:35.360 | And yesterday, I recorded a podcast related to the event, decided to scrap it, wasn't
00:01:40.880 | happy with it.
00:01:41.920 | And I thought, today, let me give another crack at it.
00:01:44.320 | And what I want to talk with you today about are some of the things that I admire about
00:01:50.480 | Donald Trump, specifically as to how he has continued his career into his elderly years.
00:01:59.120 | And I think there's some lessons there that you and I can learn from.
00:02:03.120 | And I want to use him as a very public example of some things to which I aspire, and I think
00:02:08.320 | that you should aspire, while also pointing out some of the things that I think are potentially
00:02:13.280 | problematic.
00:02:14.400 | First, just a couple of quick thoughts on the shooting itself.
00:02:18.080 | I am enormously grateful that the shooter bullet missed.
00:02:21.920 | Seems entirely providential to me that he did miss.
00:02:24.880 | But I'm grateful that Mr. Trump is still alive.
00:02:29.360 | I'm honestly surprised that this kind of thing doesn't happen more frequently, especially
00:02:36.640 | in the United States.
00:02:37.920 | The United States is an extremely violent country, an extremely violent culture.
00:02:42.160 | We Americans, we were birthed in violence, and we have engaged in violence at every turn
00:02:47.440 | of our history.
00:02:48.720 | And yet, over the last 40 years or so, there's been not too much political violence.
00:02:55.120 | Obviously, the last attempted shooting was of President Reagan when he was shot while
00:02:59.600 | he was in office.
00:03:00.720 | So that was another shooting of a president.
00:03:03.040 | But the time before the 1980s, I mean, the United States was just rocked with thousands
00:03:08.560 | of bombing attempts all across the country and huge amounts of political violence.
00:03:12.880 | And if you go back into the annals of history before that, political violence for unions
00:03:17.440 | and political parties has just been a constant theme in American history.
00:03:22.160 | And yet, over the last several decades, there hasn't been all that much political violence,
00:03:27.120 | a significant uptick a few years ago.
00:03:29.360 | But on the whole, not very much.
00:03:33.200 | And honestly, it's surprising because the tools of violence are generally pretty readily
00:03:38.080 | available to Americans.
00:03:39.520 | The strangest thing about the shooting was, number one, how close the building was, how
00:03:48.320 | the shooter got on the roof and was allowed to take a shot.
00:03:50.800 | It's pretty astonishing.
00:03:51.840 | Either it's just got to be complete and total incompetence.
00:03:56.320 | Obviously, conspiracy theories are forming left, right, and center by everybody, but
00:04:01.440 | just seems pretty broadly incompetent at this point in time.
00:04:06.480 | But what is interesting is you can see anybody who's ever held a rifle and shot a rifle
00:04:12.960 | understands how relatively easy political violence is to execute.
00:04:18.800 | And you can see, I think that you think because of the intense protection that's in place
00:04:25.760 | for the current president of the United States, and because of how effective that protection
00:04:31.520 | is, people often extrapolate the idea to other politicians that all politicians are protected
00:04:37.920 | like the current president of the United States is.
00:04:39.840 | But that's simply not true.
00:04:41.040 | Most politicians, their protection details are very, very minimal.
00:04:45.360 | And in a country like the United States, just about any politician, just about any of us,
00:04:51.760 | we are subject to being taken out by a long-range rifle shot pretty much at any time.
00:04:58.000 | And in any city in the United States, any town in the United States, there are thousands
00:05:03.200 | of thousands of people who are fully capable with the skills and the knowledge and the
00:05:08.640 | practice, as well as the tools of violence, who could pretty much reach out and kill just
00:05:13.440 | about any politician.
00:05:14.480 | So it's a good sobering reminder of that.
00:05:17.680 | I'm not sure it's a bad thing.
00:05:19.040 | I'm grateful, of course, that President Trump survived, but it's probably a good thing that
00:05:22.960 | politicians recognize that, hey, if things go at the end of the day, a lot of people
00:05:28.640 | could kill me if they wanted to.
00:05:30.400 | And ideally, that allows us to keep a lid on our political rhetoric, trying to keep
00:05:36.080 | things tamped down.
00:05:37.440 | I'm also amazed it doesn't happen more often just because of how big the United States
00:05:41.040 | You have 300 and I don't know what we're approaching, 350 million people.
00:05:44.320 | I don't remember the current statistics on the population of the US, but let's just
00:05:47.680 | call it 350.
00:05:49.200 | Out of 350 million people, even if the percentage of wackos in the society is relatively small,
00:05:55.360 | you're still left with thousands and thousands and hundreds of thousands of potential wackos
00:06:00.320 | that can be touched off with just a few words.
00:06:03.040 | And so we really need to work hard to keep our political rhetoric moderate, modest and
00:06:08.880 | pointed rather than moving over into the world of violence, because the entire country could
00:06:14.640 | explode into violence without too much difficulty.
00:06:18.800 | And so my hope is that we will be more responsible with our words and we'll seek to focus on
00:06:25.840 | debating one another with ideas and civil debate rather than name-calling, partisanship
00:06:33.040 | – and by partisanship I actually mean basically tribal identity, us versus them communication
00:06:39.520 | versus sitting down and working on things.
00:06:43.360 | Some of the things I would love to see us do more of in the United States, I'd love
00:06:46.400 | to see us debate more.
00:06:47.920 | I'd love to see us actually engage in debate about ideas.
00:06:51.120 | One of the saddest things to me is that the whole concept of debate in our modern age
00:06:55.440 | has basically fallen apart, and that we debate for sound clips and things that appear in
00:07:00.960 | gotchas and getchas rather than meaningful policy debates.
00:07:06.080 | That's very frustrating to me.
00:07:07.760 | I'd like to see us engage in more discussion of ideas that we disagree with, and I'd
00:07:13.280 | like to see us do that without demonizing our opponent.
00:07:16.800 | One of the things that you can always do, that I try to do, is remember that this man
00:07:21.680 | that I disagree with, he's not my enemy, he's my opponent.
00:07:25.520 | And we may disagree on an issue, but we can still be good friends, even though we may
00:07:29.520 | disagree on many issues.
00:07:31.600 | And so I hope that we can build in the future more skill with debate, build more public
00:07:37.840 | fora for debate on important ideas, and we've got a lot of work to do.
00:07:42.800 | I think that it would be really positive to me if we could learn some lessons from the
00:07:48.880 | most recent assassination attempt, and we could implement that more and more in our
00:07:55.680 | society.
00:07:56.720 | Alas, I'm not too hopeful of that happening, but I'm doing my best in whatever way I have
00:08:02.640 | the opportunity to simply lead by example and try to facilitate that, which I always
00:08:07.680 | encourage and facilitate discussion and debate here on this podcast, and I hope that you'll
00:08:12.480 | do that in your life too.
00:08:14.160 | Again, I don't think that I'm going to be able to affect the direction of the country,
00:08:17.760 | but I hope that I can, in my corner of the world, make some small difference, because
00:08:24.080 | this kind of stuff can save lives, really can.
00:08:26.880 | I think also just related to the current events, it's important to consider what could have
00:08:32.000 | happened if things had gone the other way.
00:08:34.240 | What could have happened if Mr. Trump were dead right now?
00:08:38.320 | What could have happened?
00:08:39.600 | It could have been terrible.
00:08:41.600 | It could still be terrible.
00:08:43.360 | Out there right now, there's some crackpot wacko who would love to take out President
00:08:49.280 | Biden.
00:08:50.160 | Political violence is always available.
00:08:52.240 | And by the way, one more comment on political violence.
00:08:53.920 | Back to what I said about, I'm surprised it doesn't happen more often in the United
00:08:57.200 | States.
00:08:58.080 | Some months ago, I was looking after the—was it weeks or months?
00:09:01.840 | Recently, after the most recent Mexican set of elections, I was reviewing a list of people
00:09:08.960 | who were assassinated during the presidential—sorry, during the elections, the general elections
00:09:14.880 | all across Mexico, and I was astonished at how extensive the list was.
00:09:20.400 | I forget the exact number.
00:09:21.920 | I think it was somewhere between 30 and 40, and some people there were estimates as high
00:09:26.000 | as 60.
00:09:27.200 | But something like 30 to 40 politicians were assassinated during the most recent round
00:09:33.520 | of Mexican elections.
00:09:34.880 | And so this is a decent example.
00:09:37.840 | It wouldn't be that hard for that kind of thing to happen in the United States again.
00:09:41.840 | Again, the Americans are much better equipped for that kind of thing than the Mexicans.
00:09:47.120 | It's just that we don't currently have the culture in which that's a normal and
00:09:51.760 | accepted thing for those who wish to destroy the political process.
00:09:56.160 | And so I think we should be actively working to do everything we can to minimize the risk
00:10:01.680 | of violence and constantly working to create public fora and the skills within people so
00:10:10.400 | that they can debate ideas without demonizing their opponents.
00:10:16.400 | So I would like to see us to do more with that.
00:10:19.280 | Now, more on topic for a personal finance podcast.
00:10:22.560 | I've thought a lot about Donald Trump over the years.
00:10:26.800 | When I was in college, he was very prominent with The Apprentice Show, and my friends and
00:10:32.400 | I, we would host watch parties because we enjoyed it so much.
00:10:35.680 | And so we would get out, everyone get together and have apprentice watch shows.
00:10:39.520 | So I became fond of him.
00:10:40.480 | And after that time, I started reading his books.
00:10:42.960 | Lost track of him for a long time until he became a candidate.
00:10:47.040 | And it's always been hard with Trump because the web of statements is very hard to pierce
00:10:54.640 | and figure out what's true, what's false, what's marketing, what's gimmicky, all of
00:10:58.960 | that stuff.
00:10:59.920 | And his lifestyle and his life, he's never shied away from attention whatsoever.
00:11:04.800 | But one of the things that I've thought about him many times is how inspiring it is for
00:11:11.520 | him to keep on going at his age and doing something that he seems to really care about.
00:11:19.600 | As much as I can tell, it seems to me that Donald Trump really seems to care about the
00:11:26.240 | political work that he is doing.
00:11:28.480 | When he first ran for office, I thought, "Well, he doesn't actually want to win.
00:11:34.240 | He's just doing this on a gimmick.
00:11:35.520 | He's just doing this as a publicity campaign."
00:11:37.760 | I was not a Trump believer or a Trump fan.
00:11:40.880 | Then he got the nomination.
00:11:43.600 | Then he ran for president, and I didn't believe anything he said at all.
00:11:48.640 | And then he got elected.
00:11:50.560 | And I thought, "Wow, maybe this guy could do it.
00:11:53.600 | Maybe he could do something."
00:11:54.800 | And for me, the most kind of heart-sickening years were those first two years of his first
00:12:00.400 | presidential term where he had been handed a Republican Congress, a Republican Senate,
00:12:09.040 | and a Republican President.
00:12:10.320 | And I vividly remember the day that John McCain gave his famous thumbs-down vote on the floor
00:12:16.880 | of the U.S. Senate, and I said, "That's it.
00:12:18.560 | Republicans are done.
00:12:20.080 | This whole thing is a waste of time."
00:12:22.640 | And it was just an extremely sad moment for me.
00:12:24.960 | So watching Trump then continue through his first term was rather interesting.
00:12:30.720 | And then he lost.
00:12:32.160 | And then he lost.
00:12:34.880 | And then President Biden won.
00:12:36.960 | And then Trump didn't give up, didn't quit.
00:12:39.920 | And I've thought so many times, what a great example of somebody who achieves material
00:12:46.800 | success, has enough money that he could live in comfort for the rest of his life, and yet
00:12:52.560 | continues to spend his life fighting for something that he really cares about.
00:12:58.080 | And I can't see how somebody who doesn't care could continue to do what that man continues
00:13:06.400 | to do and what he continues to fight for.
00:13:08.880 | And so I've become a great admirer of that instinct of his to keep on pressing through.
00:13:12.960 | And one of the things that's always very difficult to me to figure out, and I don't
00:13:18.080 | know that anyone knows, is to try to figure out, is this man actually skillful, or is
00:13:24.480 | this just total blind luck?
00:13:27.760 | You go back and you read all the criticisms of Trump and all of the arguments about how
00:13:32.480 | much more wealthy he could be if he had never gone into real estate, and about how incompetent
00:13:38.480 | he is, and yet on the flip side, he expresses competence.
00:13:42.160 | And the lessons that I've taken, let me just sum them up for you in a few things.
00:13:46.000 | Number one is the way that you are perceived in many cases is more important than who you
00:13:54.960 | actually are.
00:13:55.840 | And so Trump has always been a master of image.
00:13:58.480 | He's always been extremely conscious of perception.
00:14:01.440 | And perception is reality to many people.
00:14:05.920 | And I've been amazed again and again about how he's been able to consistently harness
00:14:10.080 | that knowledge and consistently press forward when I sure would have given up.
00:14:15.440 | And so being aware of how you are perceived and doing your best to present yourself in
00:14:22.800 | the way that you want to be perceived is amazing to me.
00:14:25.760 | I've also been amazed at his ability to use words to change the course of history.
00:14:32.000 | I remember watching when he was in his first presidential campaign, and he started talking
00:14:37.520 | about issues on the border.
00:14:38.880 | He started making these ludicrous claims that we're going to build a wall across the southern
00:14:43.040 | border and Mexico is going to pay for it.
00:14:44.800 | Completely and totally ludicrous.
00:14:47.440 | Any person with a few brain cells knew that this is impossible and absurd.
00:14:53.040 | And yet, by holding the vision forth, he was able to change things.
00:14:59.040 | And systematically, things started to change.
00:15:01.360 | People literally started to build walls.
00:15:03.840 | And I was amazed at the power of words, that we should always pay attention to the power
00:15:09.040 | of our words.
00:15:09.680 | Be careful, of course, with the words that we say, and yet use words for good, to call
00:15:14.560 | attention to things that really make a difference.
00:15:17.440 | So that's something that I came to admire about him, is his ability to use simple speech
00:15:22.000 | to literally call things into existence.
00:15:25.440 | Another thing that I really came to admire about Mr. Trump was how he had succeeded in
00:15:32.960 | building a family integrated organization.
00:15:36.000 | His family is not my idea of a dream family.
00:15:40.080 | I am so astonished at, I can't even imagine what it would be like to be in his shoes with
00:15:49.760 | three wives, and who knows how many mistresses, and who knows how many affairs, and all these
00:15:54.880 | children from all these different situations.
00:15:57.600 | And yet, somehow, he's able to pool his family together in something of a family working
00:16:03.920 | together.
00:16:04.400 | And during his first term as president, during his only term as president, when he was a
00:16:12.400 | president, I was amazed to see how all of these family members were able to work together
00:16:17.920 | and potentially make progress.
00:16:20.320 | And it certainly was never smooth, and it was never, you know, there were ups and downs,
00:16:26.160 | but it was inspiring to see a family that was able to work together and have that sense
00:16:30.800 | of family identity.
00:16:32.320 | And in the future, I hope that I can build something like that, where I can have adult
00:16:36.640 | sons and daughters who are able to work together, who probably are going to have a whole set
00:16:42.000 | of problems, but yet can be committed to loyalty to the family and us doing something important
00:16:47.440 | together.
00:16:48.240 | And so that's something I came to admire about him.
00:16:50.640 | Then when he left office – well, actually, one more before we get to that – I was also
00:16:54.320 | amazed at how he rose to a challenge.
00:16:59.680 | I think the most dramatic video that I used to watch was when then-President Obama appeared
00:17:07.280 | on one of the late-night comedy things.
00:17:09.440 | And he went on and on about, you know, President Trump never going to win.
00:17:14.080 | And you go back and you watch the White House Correspondents Dinner, where President Trump
00:17:18.720 | was basically being roasted from the – excuse me – Trump was being roasted from the stage.
00:17:23.120 | And you saw kind of the man make a decision.
00:17:27.040 | And he made a decision, "I'm going to change this, and I'm going to win."
00:17:30.480 | And then, against all odds, wins.
00:17:33.760 | Just an astonishing example of somebody pressing forward and being so committed to a path,
00:17:42.000 | and then things opening up before him.
00:17:44.880 | And just that indomitable spirit that he has consistently expressed is something that I
00:17:50.960 | really admire.
00:17:52.320 | And then the biggest thing has just been the fact that as old as he is now – I think
00:17:58.400 | 78, if my understanding is correct – as old as he is now, he has not wasted his 60s
00:18:04.320 | and 70s.
00:18:05.440 | He has done something significant with those years of his life, and he's on track to
00:18:12.160 | continue to do something significant with his life.
00:18:15.680 | I've often wondered what a younger Trump would say about the activities that he's
00:18:21.760 | undertaken during these years.
00:18:23.680 | Seems like if you go back in history, maybe it was just because he grew up with all that
00:18:29.040 | stuff.
00:18:29.280 | But it seems like what most people aspire to is they aspire to a life of hedonism and
00:18:36.000 | consumption, and dream, "Oh, okay, I'm going to make it big and earn a lot of money,
00:18:41.680 | and I'm going to just go and consume and fly around the world on my yacht.
00:18:45.040 | After all, what's the point of being a billionaire if you can't enjoy the money?"
00:18:47.920 | And just nonstop, never-ending consumption.
00:18:50.240 | And yet, Trump, at a time in his life when he could have gone and lived that way, made
00:18:57.840 | a different choice.
00:18:58.720 | Now, perhaps it was just all personal pride, and he didn't like being the butt of all
00:19:02.160 | the jokes, and he said, "I'm going to show them."
00:19:04.800 | Perhaps it was kind of a good desire to do good in the world and to change things that
00:19:10.480 | he wanted to do.
00:19:11.200 | Motivation probably in the end really doesn't matter, and nor could I ever know it.
00:19:15.040 | But the point is, he has made his 60s and his 70s count, and he's going into his ninth
00:19:22.000 | decade making his life count.
00:19:25.360 | And to me, that's something that is extremely inspiring, and that's something that I think
00:19:31.040 | we need more of, especially from the baby boom generation.
00:19:35.040 | And I would love us to look at the example of Mr. Trump and learn from that, and try
00:19:45.040 | to be committed to doing the same thing.
00:19:49.680 | If you've achieved material success in your life, do you just want your legacy of your
00:19:56.480 | life to be that he sat around and consumed his money?
00:20:00.560 | Is that the legacy that you want?
00:20:02.480 | Or do you want a chance to improve things in a positive direction?
00:20:06.640 | Do you want a chance to leave your mark on something?
00:20:09.360 | And while I would dearly wish that Trump had never gotten involved with presidential politics
00:20:16.240 | and the Republican Party and things that I used to care about, I have to concede that
00:20:21.680 | he has fundamentally transformed them.
00:20:24.400 | He has used his influence and power to completely transform the political system, to completely
00:20:32.880 | transform the Republican Party.
00:20:34.720 | And that's something that is worthy of respect.
00:20:38.880 | To see a man who doesn't have to do that go and do that is something that's worthy of
00:20:43.520 | respect.
00:20:44.400 | And so I really appreciate his example in that.
00:20:48.960 | And I think that's something we should pay attention to.
00:20:50.960 | Let's make our lives count.
00:20:53.280 | Let's make our lives...
00:20:55.120 | Let's not just wander off and say, "Look, I can travel around the world on my yacht."
00:20:59.440 | Fine.
00:20:59.920 | Do that for a couple years, take a break.
00:21:02.080 | But make your life count, especially when you've accumulated power and influence and
00:21:07.280 | money.
00:21:07.780 | Make your life count.
00:21:09.920 | Do something useful.
00:21:11.360 | Do something good.
00:21:12.800 | And just repeating myself, make your life count.
00:21:18.640 | When I think about Trump and I think about what he could have done with the last 10 years
00:21:24.000 | of his life and what instead he chose to do, I got to imagine him lying on his deathbed
00:21:29.760 | someday in the future and reflecting.
00:21:32.560 | And I got to imagine that he would be pretty happy with the decisions that he has made.
00:21:37.200 | And though those decisions were never easy for him, facing lawsuits and legal problems
00:21:43.840 | and financial things and all kinds of never-ending setbacks, when the man's lying on his deathbed
00:21:50.320 | in the future, I got to imagine he'll have a sense of satisfaction about living his life
00:21:55.200 | with focus and determination.
00:21:56.960 | And I think that's worth paying attention to.
00:22:00.240 | There are many other men that you can see who have done this.
00:22:03.760 | I've thought I could create a similar podcast on President Biden and the things that I admire
00:22:08.960 | about Biden.
00:22:09.520 | I probably won't, but I'll just say here.
00:22:12.320 | Some of the things I admire about President Biden is that he also had that sense of dogged
00:22:18.960 | persistence.
00:22:19.600 | I can't remember, was this the third time he ran for president?
00:22:22.480 | And he had a goal for 50 years to become president of the United States and it took him a long
00:22:28.320 | time and yet he ultimately was able to accomplish it.
00:22:32.640 | I have less respect for professional politicians than I do for people who do something else
00:22:39.440 | and then turn to politics.
00:22:41.360 | So it's more difficult for me to really focus on that.
00:22:44.960 | But I do really respect Biden for his same kind of dogged determination.
00:22:52.320 | And I find it interesting that in our society we have these two aged men who both are setting
00:23:03.200 | the example for us of basically not giving up.
00:23:06.000 | There's decent argument to be made that there should be a point in time in which you give
00:23:11.360 | And I think that's also something that we should factor in.
00:23:15.040 | If you're critical of Donald Trump or if you're critical of President Biden and you think
00:23:19.040 | they should be given up, then because of their age and because of the diminished capacity
00:23:24.240 | of reaching a certain age, then you should be thinking about that in your own context.
00:23:29.920 | But let's make that 70 whatever it is, 78, rather than focusing on doing that at 58.
00:23:37.280 | Don't waste your 50s and 60s and 70s.
00:23:40.960 | It's a time that you can make a difference if you're able to.
00:23:44.320 | And that's something that we should focus on and gain.
00:23:47.600 | So those are just some lessons that I have drawn from current events and everything associated
00:23:52.720 | with the current world.
00:23:53.440 | Try to go through the world and make a list of people that you admire and things that
00:23:59.600 | you admire about them.
00:24:00.800 | And if you can create that list while looking at the world, then you'll have a lens to then
00:24:08.240 | turn on to your own life and look at your own life and say, "Here's something that I
00:24:14.880 | can learn from this person, and here's how I may be applied in my own life."
00:24:19.120 | I don't think that for most of us, going into politics is a fruitful endeavor.
00:24:22.880 | It is something that I have watched many men do, and I respect them for their effort.
00:24:30.160 | And it may be a fruitful endeavor for some of us.
00:24:32.640 | So I'm not trying to encourage people to go into politics, though I think that that pathway
00:24:37.280 | to go and be a man of business or medicine or engage in some kind of important career
00:24:44.880 | and then to turn your mind towards statementship, that's something that's worthy of respect.
00:24:50.000 | But the political game is difficult to actually make a difference in.
00:24:53.680 | But recognize, though, that you can still take the lessons that you gain from a politician
00:25:01.120 | and then apply them in another area that may perhaps be much more fruitful.
00:25:05.200 | That's it for today's show.
00:25:06.800 | Let's be grateful for a life that was spared.
00:25:08.480 | Let's learn some lessons from it, and let's press on together.
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