Silicon Valley Bank (SVB) Collapse | Lessons Learned

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Silicon Valley Bank SVB has given us a reality check on what is going on with the economy and the banking system. Are we going to see a banking collapse? A bank contagion? An economic collapse?

Who knows

Regardless, there are some things we need to do to be more self-reliant and stop relying on banks and other financial institutions to save or protect us.

00:00 - Intro.
00:58 - Learn to become more self-reliant.
01:56 - What happened to Silicon Valley Bank.
08:01 - Lessons we can learn from Silicon Valley Bank collapse.
08:25 - Some of the companies that were bailed out.
10:45 - Key takeaways.
12:58 - Lessons I learned and what I am doing about it.
15:29 - Final Thoughts

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F$R Mission Statement:
To help individuals and families develop empowering beliefs and emotions about money and teach them the necessary skills to become self-reliant, build wealth, and live a life of abundance.

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Disclaimer.
The videos on this channel are for educational and general informational purposes only and are not intended to provide specific advice or recommendations for any individual. As such, it should
not take the place of consulting with a certified financial planner, CPA (or other tax professional), legal, or other financial advisor. While we try to provide accurate and timely information, it may not be suitable for your specific personal scenario or specific circumstances. I am a financial professional but without knowing your specific information you should consider what you learn here as general advice. If you want specific advice and coaching please contact us at [email protected]. I am not a tax, legal or investment advisor representative.

Our coaching is based on the data and research found in the books The Millionaire Next Door, The Next Millionaire Next Door, and The Millionaire Mind by Thomas J. Stanley and Sarah Fallaw. It is also based on 20 years of my personal experience working with money.

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