Ep 31: 5 Financial Truths to Rely On

The first quarter of 2020 was enough to make anyone reevaluate their finances but with so much information out there, what should you believe? Regardless of where you are in the retirement planning process, there are five financial truths that you can always rely on. We’ll share those on this episode.

 

Read more and get additional resources here: https://www.baschrock-fg.com/podcast/ep-31-5-financial-truths-to-rely-on/ 

 

Today's rundown: 

0:53 – How is Ben and the family handling quarantine?

2:32 – Today we’re talking financial truths and we’ll begin with this: TV can be your biggest enemy.

4:06 – Second truth: Emotions will rarely be your friend when making decisions.

6:07 – Third truth: The market will always move in cycles.

7:22 – Fourth truth: You aren’t as risk tolerant as you believe you are.

8:52 – Fifth truth: There’s no magic bullet in retirement planning. 

10:02 – How we utilize the L.O.C.K process to build a plan.