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Episode Info

Episode Info:

If you’re looking for general guidance on how to invest, we’ve got you covered on this episode. First we begin with a few different financial laws that you should follow to always stay on the right track with your plan. Then we’ll move to financial statements people have made that came back to haunt them. 

On this episode:

0:33 - What we’re talking about on the show today.

1:19 - Beginning our financial laws discussion with the ‘law of rising taxes.’

2:25 - Why Bob calls all of his advisors ‘TPAs’

2:58 - Making a few tweaks can supercharge your portfolio. 

4:08 - The Law of Inflation

4:49 - Where is the best place to put your money to overcome inflation?

6:35 - The Law of Market Movement 

9:29 - Let’s talk about the financial statements people make that come back to haunt them.

9:50 - First one: I told myself I’d get out of the market if I ever recovered what I lost in 2008, but now I think I’ll just keep doing what I’m doing.

11:12 - It’s so important to understand what you own right now.

12:23 - Another regret: I like the security of keeping my money in cash because I know I won’t lose it.

14:08 - Some simple things you can do to make your money productive.

14:38 - Another regret: No one in my family has lived past 75 so I’m not planning on living a long time.

16:57 - This week’s Spotlight: Financial Advisor Emily De Valente joins the show.

17:59 - Emily shares the story about getting a spouse on board with the financial planning for the first time and how that process went.

20:31 - Now that they are both involved, how is it going?

21:45 - The best hedge there is against inflation are dividends. 

Show notes:

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