Aug 30, 2019
No one can predict the future or else we’d all be living on a beach somewhere, and sometimes we say some things that age horribly. In this episode, we’ll take a look at some famous last words in the financial industry (hopefully you haven’t said these). Let’s also talk about some decision-making mindsets that can slow you down. And we’ll also tell you why you shouldn’t compare finances with your friends and neighbors.
Check out the show notes by clicking here.
0:50 – What’s on the menu for today’s episode.
2:12 – Mailbag question from Peter: I feel like we should have saved more. I don’t have has much as my neighbors and that worries me. Will I be working until the day I die?
4:16 – Let’s talk about decision-making impediments.
4:32 – Having too many decisions to make can overwhelm you.
5:47 – Sometimes people do too much research and get in their own way.
7:22 – General confusion about finances.
8:15 – Experiencing a traumatic life event can be a major stumbling block.
9:42 – For some people, they just don’t like talking about money.
11:22 –Let’s talk about famous last words in the financial industry that people live to regret.
11:42 – “I like the security of keeping my money in cash because I know at least I won’t lose it.”
13:51 – “I won’t ever go into the nursing home. I’d rather be put out of my misery than live there.
14:41 – “I told myself a few years ago that I’d get out of the market if I ever recovered what I lost in 2008. And now I’ve recovered and a little better but I think I’ll just keep doing what I’m doing.”