Thoughts On Money [TOM]

This week's blogpost - https://bahnsen.co/3uqi2DW

Please join us today as James Andrews explains how something even as minute as rainy days can be so incredibly disruptive and frustrating.

James dives into the intangibles of financial planning and leads us back to what matters most.

An article and a podcast you won’t want to miss.

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/42rcKV3

Often, we are our own worst enemies. 

To grow/mature as an investor, it is helpful to watch game film to slow down, reflect, and understand how things played out last year. 

Please join me as I unpack why the markets in 2023 were a lot like fishing.  I will also conclude with some guidance on why (1) constantly refining your process and (2) controlling your emotions are such a key to long-term wealth accumulation.    

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/429YLTH

What is Risk?

Seems like quite a philosophical question, no?  Yet, one we must wrestle with when it comes to investing.  A misunderstanding of risk can be costly.  

Blaine Carver uses this analogy, and I think it’s perfect:

We need to adjust our financial binoculars. We need to focus less on the blurred foreground and more on the horizon. The short-term gyrations in the market are anything but clear. But focusing on the horizon (10, 20, 30 years from now) allows us to look past the blurry foreground.

With that said, please do come join us – binoculars in hand – for Blaine’s Thoughts On Money.

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3RXvTZY

The temptation to overcomplicate wealth management in the name of sophistication is strong. Financial advisors are especially prone to fall into this category as we seek to add value to our clients. I encourage our readers to focus on the north star, not to be pulled away by the clever gimmicks that pop up every year, and to exercise discipline in our process. I encourage our readers to build wealth that withstands the test of time so that many generations can benefit from the strong foundation you have created.

James Andrews

Trevor Cummings

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3tDVijt

Last week, we discussed the short life spans of New Year’s Resolutions.

Blaine Carver offered some simple and profound wisdom around setting goals first by defining WHO you aspire to be prior to defining WHAT specifically you plan to do.

This is a great segue for our dialogue today on what are the key attributes and/or traits of a successful investor? This question gets me to an article for you on WHO you should aspire to be as an investor.

I hope you will find this article to be thought-provoking, impactful, and, most importantly, applicable.

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3H0IPt9

Today Blaine Carver shares his Thoughts On Money.

We know that gyms and juice bars will be as busy as ever in January; why? New Year’s Resolutions!  Yet, come February those trends tend to normalize as resolutions are ditched and old habits return.     

Some of us have become disenchanted with these resolutions because we know historically these commitments fade and fail.  I’d encourage you to dive into Blaine’s article today, as he will share more on how to frame these goals in a manner where you will stick to them and you will achieve those aspired resolutions.  

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3RBuYOT

Yoda tells the young Jedi, Luke Skywalker, “Once you start down the dark path, forever will it dominate your destiny.” 

I can’t think of a better piece of wisdom for investors, both young and old.  When you start to be drawn in by the seductive results of unsustainable returns, you have set a course to the dark side, a path to financial ruin. 

Join me today for my Thoughts On Money as I further unpack this concept and how a lifetime of ordinary returns will compound to produce life-changing results.

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/47WPz7e

Today we welcome back James Andrews to share his Thoughts On Money.

I won’t spoil it, but the opening story alone is worth a read.

James goes on to talk about decision making and the importance of thinking beyond just the initial benefits or consequences.  Whether it is a rippling pond or a tipped over domino, we get this idea that one decision can set off a chain reaction of other intended or unintended outcomes. 

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/3sZxIgP

Today we will discuss the importance of understanding the why behind the what. 

Too many financial decisions are made in a manner where the action gets more attention than the intent.  Understanding the why is one of the keys to financial success. 

To unpack this truth I will share some funny stories, including one from my childhood – you won’t want to miss it. 

Please do join me today for my Thoughts on Money. 

Links mentioned in this episode:

This week's blogpost - https://bahnsen.co/49XwxPv

Imagine trying to build a 1,000 piece puzzle without the box cover – nearly impossible, right?

Today, Blaine Carver unpacks this analogy of coverless puzzles and aimless financial plans. Words of wisdom that are pertinent for investors both young and old.

Links mentioned in this episode: