No one could predict how much of an impact the coronavirus would have on the market, but it’s been a rough month for everyone. Nikki will share her thoughts on this unprecedented time and talk about the conversations they’re having around the office. With all the speculation and uncertainty, now is a great time to revisit the financial truths that should be guiding your financial planning.
Read more and get additional resources here: https://www.moneyandclarity.com/2020/03/ep-153-coronavirus-and-solid-financial-truths/
Today's rundown:
0:53 – It’s an unprecedented time in the world right now.
2:45 – The economic side of the Coronavirus has already had a huge impact on many people.
4:34 – Everything has happened so quickly and unexpectedly.
6:36 – What conversations are happening in the office right now with clients?
9:53 – Let’s shift to our main conversation on solid financial truths.
10:38 – The first truth: TV can be our biggest enemy.
13:46 – The second truth: You rarely make good financial decisions when you act emotionally.
16:53 – The third truth: The market always moves in cycles.
18:40 – The fourth truth: You aren’t as risk tolerant as you think you are.
20:43 – The fifth truth: There’s no magic bullet.
22:53 – Nikki shares a message to listeners regarding the current state of the market.
Ep. 172: 9 Ways to Use Your Extra Cash
Ep 171: Is It Time to Panic?
Ep 170: Why Soaring Home Prices are a Great Thing
Ep 169: How Do Markets React to Major Events?
Ep 168: Making Planned Gifts Before Death
Ep 167: The Inflation Impact on Planning
Ep 166: Secure Act 2.0 - What You Need to Know
Ep 165: Learning Through Uncommon Sense
Ep 164: Financial Planning in Biden’s America
Ep 163: Flirting with Financial Disaster
Ep 162: Tax Tips for 2021
Ep 161: 5 Important Retirement Statistics Worth Your Time
Ep 160: Special Election Review
Ep 159: Obsolete Retirement Planning Ideas
Ep 158: What Financial Challenges Do Women Face More Often?
Ep 157: Retirement Ready – Are You Clinging to False Hope?
Ep 156: Choosing Between A Traditional Or Roth IRA
Ep 155: Are You Paying Enough Attention to Your Largest Assets?
Ep 154: Is The Market Response To Coronavirus Normal?
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