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.
Episode 92: (Financial) Lies We Tell Ourselves
Episode 91: Technology's Role In Financial Matters
Episode 90: Elephants In The Room
Episode 89: Listener Questions
Episode 88: Cutting The Cord
Episode 87: How Do You Know?
Episode 86: Tales From The Tax Side - Gibraltar
Episode 85: Mailbag
Episode 84: Healthcare
Episode 83: The Un-Asked Retirement Questions
The Fine Print Fiasco
Universal Retirement Truths
The Five Essential Documents To A Solid Estate Plan
Bad Financial Habits
Why Your Retirement Is Not A Game Show
What's In The Fine Print
Decluttering Your Finances
Reality (Financial) TV
Take Flight In Your Retirement
Major Life Events And Your Finances
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