Financial Jargon

In this episode, David and Ryan discuss the importance of focusing on what we can control. When uncertainly arises, especially if you're transitioning into retirement in this current environment, it's important to do what you can to minimize fear.

It's important for you to be equipped with smart - and pointed - questions to ask your financial advisor.

In today's episode, the guys chat with entrepreneur, Tish Carlson, owner of No Longer Wander.

David and Ryan talk about a new platform Oakmont is rolling out, called Smpl Wealth.

At the end of the day, money is money.

But, we tend to view and place labels on different types of money.

"Before you speak your mind make sure it's really your mind you're speaking." - Marty Rubin

There are three main levels of social influence - conformity, compliance, and obedience. All of which shape and influence our every financial decision.

Don't be stupid, you know I love you. - Shania Twain

“No matter how many idiots you suspect yourself surrounded by you are invariably low-balling the total.” – Carol Cipolla

Fear and Greed. Greed and Fear. Both of these emotions guide our investment behavior in one way or another. You may not think of yourself as a "greedy" person, but you are. If you understand how our emotions work, and how they drive our financial decisions, your investments may be better off in the long run.

The big take away - the pain of losing far exceeds the joy of winning (think about that).

Albert Einstein famously said, "Three great forces rule the world; fear, greed, and stupidity."

Ryan and David discuss how fear can keep us from reaching investment and retirement goals. Unfortunately, financial fears can be real or imagined (emphasis on imagined).

David and Ryan continue the conversion on The Ego, and how we tend to get ourselves in trouble more times than not.