How TV and movies give us negative perceptions about advisors and investments.
Goal statements: "I recognize what can greatly affect many people's perceptions of investments." (01:33)
They've heard of people losing everything in the movies. They haven't heard of people missing out on retirement by being too conservative in the movies, though. (04:42)
And think about how you may have gotten to where your mindset is today. It didn't just pop up out of the blue, it developed to where it is today. And then think about what mindset you might want your kids to have about it. (06:10)
Quote for the episode: "Look for someone who is comprehensive, though. Look for someone who focuses on planning, more than anything else, though, not investments, but planning and you're likely to wind up in very good hands with more clarity and greater chance to reach your goals and making life more enjoyable." (05:38)
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Accidents will happen in life so captain your ship or at least hire one!
"Yes", he replied, "the boat went past me first on its way towards you." "You were lucky it missed you. I wasn't so lucky." "Well," said the newcomer, "I saw that it might hit me so I moved out of the way." (01:51)
"Little by little, a little becomes a lot...plus compounding interest!" - paraphrasing a Tanzanian proverb
You get your first 401(k) statement that you threw a couple pebbles into and it essentially says you know, "well thanks for playing, but you still have pretty much nothing", right?...