Jan 18, 2019
We visit with folks often who have a poor financial perspective.
Whether it's the economy or your finances , we want you to think
rightly about retirement.
What You'll Learn:
1:31 - Retail Sales Were Up In December.
- Fourth Quarter and Holiday sales were through the roof this
year. In fact, the numbers were the highest they've been in six
years. Joel links the data to the overall health of the
5:40 -Changing Your
- We meet with clients and prospective clients all the time who
have a poor perspective on all sorts of economic and financial
issues. It's our job to educate and correct those wrong ways of
6:06 - Relationship Must Come Before
- We had a prospective client who expressed concern about how his
money would be managed. He wanted to understand our strategy and
where his money would be placed. While management strategy is
certainly an important component of financial planning, you should
be even more concerned over whether your advisor is a good fit for
you and your goals. You should be making sure your advisor will be
there for you when a crisis arises.
8:54 - Don't Get Caught Up In Designations.
- For a bit of perspective, you don't ask your doctor what
chemicals are in your medication, and you probably don't even ask
your doctor where he or she went to medical school. Don't get up in
what letters accompany your advisor's title. Instead, focus on
their overall competency and ability to meet your needs as a
12:21 - A Quick Aside About
- We press pause to discuss Dan Hurley, Geno Auriemma, and UCONN
15:27 - Bad Financial Habits.
- Speaking of basketball, Jim Calhoun once spoke on the
importance of eliminating bad habits. It's important to rid
yourself of bad financial habits as well.
16:02 - Don't Ignore Your Financial
- We've found folks tend to throw away their financial statements
for any number of reasons. Perhaps you're afraid to see what's
inside, or maybe you just don't want to take the time to look.
Regardless, you really need to know what's happening in your
19:09 - Don't Procrastinate Your Financial
- Most people procrastinate important financial decisions. In
short, don't do it. Gather as much information as you can, and make
your choice in a timely fashion.
20:10 - The Dangers Of Being At The Mercy Of The
- Perhaps your emotions are tied to the
market's movement. When Wall Street is up, you're a happy
camper, but when it's down, you're a Negative Ned. If you fall into
this category, you really need to take back control of your
investments. Don't be tied to Wall Street. Develop a financial plan
to weather market volatility.
"The financial plan is the guideline. That is the map. That's
the North Star. We can't control the investments, but we can put
together a plan that makes sense for ourselves and for our
families." - Joel Johnson
ScheduleYour Money Map Review: http://retire.johnsonbrunetti.com/contactjohnsonbrunetti
For further exploration of this topic and additional resources,
check out our blog here: https://johnsonbrunetti.com/changing-financial-perspective/