Ryan Coisson: Building Wealth and Managing Risk | Spread Great Ideas Podcast

Please welcome Ryan Coisson, whom I've known for more than 10 years, to the show. He's a digital business owner, content marketer, outdoor adventurer, and finance whiz.

Ryan is a pro at creating high-level processes, including planning and building specific — and I mean very, very specific — actionable steps to achieve the goals around those financial plans.

He's also just a nice guy. That's why he agreed to join me today.

We spent a ski season in Whistler, Canada, living together in a shared chalet with entrepreneurs. Since then, our paths have crossed, diverged, and then crossed again.

I asked him to come on the show to talk about one of his companies, Perfect Biz, as well as some of the other projects he's involved with, like Online Option and more on finance and investing.

I hope you enjoy this show as much as I enjoyed recording it.

Favorite Ryan Coisson Quote

"Winning the game to me looks like creating what I would call an income engine. So a portfolio that generates income for me now. I want that income to do a few things: continually growing, be safe and stable, and be diversified across different sectors." - Ryan Coisson

Additional Resources

- Online Option: https://onlineoption.com/
- Slow Productivity: The Lost Art of Accomplishment Without Burnout, Cal Newport: https://www.amazon.com/Slow-Productiv...

⏰TIMESTAMPS⏰

0:00 - Introduction to Ryan Coisson
1:22 - Financial Decisions and Greater Planning
3:06 - Risks in Entrepreneurship and Investing
5:32 - Market Dynamics and Understanding Sentiment
8:28 - Asset Allocation and Investment Strategy
10:51 - Creating an Income Engine: Ryan's Philosophy
14:09 - Avoiding the Yield Trap
17:37 - Identifying Strong Companies and Market Opportunities
20:13 - Investing in Utilities and Energy Sectors
22:20 - The Importance of a Long-term Investment Plan
24:32 - Frequency of Portfolio Adjustments
27:00 - Selling Positions and Reallocating Investments
30:45 - Balancing Income and Growth Investments
34:47 - The Power of Dividends and Reinvestment
37:22 - Wealth vs. Rich: Understanding Financial Independence
40:34 - Early Trading Experiences and Lessons Learned
43:10 - Trading Strategies and Market Adaptation
46:38 - Daily Routines and Time Management
50:07 - Cultivating Friendships Outside the Entrepreneur Space
54:15 - Writing and Public Engagement in Financial Education
58:05 - The Importance of Long-term Projects and Slow Productivity
1:04:13 - Asymmetric Bets and Diversification
1:07:41 - Position Sizing and Risk Management
1:11:40 - Exit Strategies and Investment Goals

#financialplanning #investmentstrategies #entrepreneurship