¶ Navigating Market Volatility and Investment Strategies
So that mentality of having instant gratification and so just really analyzing is this something I need or is it just something that is I want it ? Sacrificing for what you want now , for you know later and having savings is huge .
You know what do you want most , what do you want right now versus what do you want most , and so if you think about what you're trying to do long term and not having that stress and not having that build up , that is huge .
Hey , before we get started today , I've got our king of data , andrew Pratt , with us . I want to talk just a few minutes about what's happening in the markets . To be honest with you , I reluctantly talk about this at times because I don't think we should be focused on events in the market , like what's happened in the last week At Wiser .
We are planners and we have already planned for something way worse than this , right , but I do think it's important to understand why things are happening .
But I don't think it's healthy to be focused on your brokerage account , your 401k and the value when you know that you have a long-term , healthy asset allocation , you know that you're focused long-term and we're not day traders , um , but regardless , uh , we , you know people will .
People will start reaching out if we don't uh kind of nip this in the bud right now . So let's talk a little bit about the last week . I mean , um , I think the futures , as of this recording , are up 250 points , so we might have a bounce back today , but we're what ?
5% off our highs right now , I think I mean from the highs , we're down about eight and a half percent . But you know , year to date the S&P 500 is still up like nine and a half percent . So I mean we're still up . You know , you know fairly good since the beginning of the year .
So what are the concerns ? What's causing all this ?
There's a few factors at play right now . I think it all started late last week when some of the economic data came out . There's this SOM rule that the market sort of got spooked with in regards to unemployment . That's where , when unemployment increases by half a percent on a three-month average from its low , usually that has always preceded a recession .
So the market , when that unemployment data came out , the market saw that was triggered and I think they got spooked because they also know that rates are going lower .
The other thing is , you know , across the globe , japan's you know , know their currency was crashing , basically because a lot of institutions and investors uh do this carry trade , which is where they are borrowing uh low interest rate currency and investing in high interest rate currencies across the globe and , um , basically , japan raised their uh interest rate by a
quarter point . It's most likely that the us is lowering their interest rate by a quarter point . It's most likely that the US is lowering their interest rate by a quarter point . So that just sort of blew up . All these carry trades and you know a lot of these are leveraged . So you know , leverage has a very fast acceleration effect and so a lot of things .
I think we're just sort of unwinding and digesting that news and you know , I think just in general . You know , typically , although you know economic data is sort of mixed , there's a lot of positives , a lot of negatives . I think that's always the case .
But you know , every time the US has cut interest rates it's always been sort of due to economic contraction . So I think just the more higher probability that rates will be cut very soon . You know , the market doesn't really like that necessarily .
But is it not this time that they're cutting rates because rates are just too high , that it has nothing to do with economic contractions ? The fact that the Fed's been trying to do this for three years ?
They've been trying to tell you that , yeah , and they probably are too slow to it .
And they're succeeding right . The market doesn't see it that way .
Well , not . But now you know , I think what's coming out is they might have to do an emergency cut , because you know and you know who , who knows how this actually plays out . But a lot of people believe that you know , interest rates have a lag effect and it usually takes about 12 months or longer to sort of trickle in through the economy .
And so even if they cut rates , you know it could that could also have a lagged effect too . So I think you know now it's like okay , conditions are maybe a little bit too tight and we needed a cut because you know growth is slow and you know inflation is slow , which is good , but also growth is slow and which is not good for equity prices .
Yeah , so what ? What's our reaction as portfolio managers in all this Stay ?
invested . That's really the main thing , and I was responding to a client yesterday and there's a lot of studies out there . But I mentioned to this particular client that over the past 20 years , if you miss the 10 best days by trying to time the market , your portfolio value , you know , in a lot of these case studies is reduced by half .
So over the past 20 years , just say , you had $10,000 and you left it invested . You know it ranges depending on the time period , but usually I think it comes around to about $70,000, . You know about 7X .
If you miss the 10 best days , which often occurred during bear markets , um , that you know leads to the portfolio portfolio value to be in about , you know , 30,000 .
It's basically when you get a cash , at that point it's no longer investing , it's gambling , because you have to be right on the exit . You have to be right on the entry .
That's . That's the key .
You have to make two right calls , which is very difficult to do , and you have to make two right calls , which is very difficult to do , and you have to do it before the market moves up , right ? So a lot of times people don't reinvest until they feel better . Well , they feel better after the market's already rebounded and they've left so much on the table .
And what I tell people , too , is you don't get to trade the market overnight . Right , so you could open up a thousand points overnight . Right , so you could open up a thousand points . So if someone sold yesterday at the close and they bought back this morning , right , when we had the futures is up , you've you , you missed at least 250 points Exactly .
And , and I mean just like right now , the futures are pricing in about a one to 2% . You know pre-market moves , who knows what will happen today ? But uh , you know , if you sold yesterday , you know you could potentially miss out on that , or even more .
So I think the and this will . This will vary by client , but there are a couple of things we can do in times of extreme volatility like this . Number one is tax loss harvesting . So in a brokerage account , when we have sudden drops , you have losses especially for for new investors , people that are new dollars in your account .
When we have sudden drops , you have losses , especially for new investors , people that are new dollars in your account I should say , not new investors so you can immediately take and tax loss harvest , that which you did for our client base yesterday .
Yeah , I went through all of our taxable accounts and every client that had a meaningful value , and when I say meaningful , where it makes sense to trade from a tax loss harvest standpoint , I went through all those accounts yesterday and traded , so we tax loss harvested for a taxable accounts yesterday .
And then also to just , you know , I want to say as a reminder , this is what you know if you're in a more moderate risk model or you know to not even a hundred percent equity risk model , where do you have fixed income in the portfolio ? This is where fixed income , you know , shines through .
Um , and that's what it's there for is to provide liquidity and diversification in these bonds are up right now . Yes exactly .
Yeah , uh , and so then the second thing that we'll do if , if there's an opportunity , is rebalancing . So that's where the bonds have gone up in value , the stocks have gone down in value and you you basically sell the bonds for gains , you buy stock at a cheaper price . We did that during COVID and did really well that year in the rebounds .
Not not quite time for that yet in the portfolios we're showing most , almost all portfolios are in their wristband and their risk tolerance , partially because we had such a fast run up in the market . The market's just coming back down . We're still up on the year , so there's really not any rebalancing opportunities yet .
Hopefully we don't get to that , but it is a way to add a rate of return to the portfolio by doing these rebalances . So that's the important part , and it's frustrating to see values go down , but this is this is just part of it . You can't have a market that goes straight up . That's not logical , right ?
Yeah , it's , it's really . You know it's healthy for the market and you know , before this correction we saw , you know you just can't have seven stocks go up forever and call it a day . We saw a rotation into more of the small mid cap names in the U ? S market , which is actually a very healthy sign and that you know .
The bull market is probably still intact . But you know it's it's normal to have corrections . It's it's normal to have one , or maybe even more than one 5% sell off in a year . We just got to remember that and stay the course . Great , thank you , andrew .
Thanks . Welcome to Wiser Retirement Podcast . We believe the best financial advice should always be conflict-free . I'm your host , casey Smith , guiding you to financial freedom days . My co-host , shauna Theriault . Today we are going to talk about the struggle with instant gratification , how it might be ruining your financial goals .
But before we get started , I have a major announcement .
Major .
Major Wiser got a major award . Tell us we should announce this at Christmas time . Remember the Christmas story ? You know ? Fragili , fragili , no , so there's this website called expertisecom .
Sounds kind of hokey , right , we won this award last year and we kind of blew it off and and we're like you know cause we get these things all the time hey , you won an award and they want you to buy the plaque , and that's how they make money .
Right , I'm like .
that's not a word , it's a it's a marketing strategy . I know a couple of advisors that would probably be like , oh , I won this award and and pound their chest and I'm like that's not a real word . Uh , you , you pay to play right .
Right .
Well , expertisecom like sends a secret shoppers , right . So we have like had somebody probably interview us at some point . Yeah and uh . So we were named , as I think they had 17 or 14 , something like that financial advisory firms in the Atlanta area and you go through the list and I know a lot of those firms and those are legit firms .
So I was like , huh , that's pretty cool , we were right up there with some of the best elite firms in Georgia .
Absolutely Congratulations team it absolutely .
Congratulations team . It takes a good team to do all that , so we're
¶ Instant Gratification and Financial Goals
excited about that . We linked this in our show notes . I believe you can go see the award , right , hadley ? Yes , right , okay , it's in there somewhere . Guys , go down there . You'd help our podcast too , by the way , if you'd like to help us win some podcast awards . We need to get ranked higher .
So you can go and wherever you listen to podcasts and hit like and subscribe and all that fun stuff .
So if you subscribe , does that help your ? I think it does . Yeah , I would think . Numbers of subscribers , because people are watching Big things to listen .
Yeah .
Just got to listen every week .
We have to be interesting Well .
I know we have to be more interesting . Maybe seven days . So podcasts work where they rank you by number of downloads in seven days . After seven days it doesn't . It doesn't really matter anymore for some reason . So we're in the top 25% of all podcasts in the country because there's like 600 something thousand podcasts and nobody listens to most of them , right ?
Yeah .
So we , we , you know we we have hundreds of downloads but we need thousands of downloads to really get that top 1% . But we're every year it gets bigger . Absolutely so thanks for listening guys and congratulations to the wiser team for working so hard every week to win major awards . I feel like we didn't even get that leg lamp .
Well , let's just put it out front and everybody's going to ask why is there a leg lamp ?
It's an award .
It's a major award . Uh , all right , so let's get started here . This was a kind of a fun topic we came up with . Is instant gratification ruining your financial goals ? You know , I am probably guilty of a lot of this , because I don't like waiting . I I'm very impatient you're impatient , I'm very .
I would have never seen , I've never known that no no , I'm I'm .
If I asked for something , I wanted it yesterday , right ? Because I've been thinking about it for two days , right ? So yeah but I've gotten a lot better . In my older years , I think in my 20s I was like we're just gonna figure out how to do it , we're going to do it , and you know , from a , from a business standpoint , it worked .
No , that's , that's a great entrepreneurial spirit to be able to do that .
You don't have to have a lot of direction , you just go . That's not a bad thing . Business model is supposed to be a fad , and it's anything but that .
No , not at all .
So it has a positive sides to it . Um , all right , so let's , let's kind of dive into this Shauna , you , you you did the research on this one .
Well , it's really , it's really psychology and I'm not a psychologist but the instant gratification world is hurting all of us , you know , and and it's I want something now and it's being disciplined . So it's being disciplined in your money and your health and all of it , and just having a plan and following through with that plan .
So the instant gratification of I want this now and in this day and age , you can have this now because we have credit cards and we have money and loans and you can do that . And some may not even see it , as you know , hurting their long term plan .
But $20 here , $30 there and everything's so expensive right now and you get your credit card bill and it's explosively high , you know , and all of a sudden you're exactly you're and you're borrowing from one to pay the other , and it can get into a really challenging situation quickly .
There's no a hundred dollar problems anymore . No it's everything's at least a thousand dollars , seems like my plumber shows up my house and it's going to be at least a thousand Exactly .
I mean even going and buying kids clothes and stuff for school . We're going back to school right now . All of that is , you know , and the kids are like I want this , I want this , and how many you know . And the kids are like I want this , I want this , and how many you know it's .
We live in that instant gratification world and it's just stuff , and most of the time that stuff brings us joy for five seconds and then it's gone , um , and you're left with the credit card bill . So most of the time it's stuff you don't need , that you're just not thinking about . And Amazon makes that really easy to not .
You know , amazon's very convenient , but all these Amazon boxes that show up at your house , it's like , oh , I want that , I want that , I want that , I want that . And you know , just not thinking about the long term ramifications of that Sure , which is really harmful long term to your finances or can be , which creates the debt problem .
Right , so you have debt and so you're paying off , trying to pay off this debt , which adds to your stress , and a lot of times it's a psychological need . It's not really a need , it just satisfies something . So you know , I want this .
This makes me happy for two seconds , but it actually is compounding the problem , because then if you're in debt and you're stressed about that , then it's just creating more stress , which makes you want to maybe shop more or just have these instant gratifications in all aspects of your life . It starts spilling into other areas .
So that mentality of having instant gratification , analyzing is this something I need or is it just something that is I want it ? You know , sacrificing for what you want now , for you know later , and having savings is huge .
You know what do you want most , what do you want right now versus what do you want most , and so if you think about what you're trying to do long-term and not having that stress and not having that build up , that is huge .
Yeah , you know , because if you're not , if you're spending and you're in debt , for example , and you may not be in debt , maybe you're not in debt , so that's not even an issue . But if you are in debt , that causes stress . Even if you're not in debt , are you using your money to the best of your ability , because it may not always be there .
You could lose your job , somebody could get sick in your home , and they don't even lose their job , they're disabled . You can have these outside things that happen all the time . And now , all of a sudden , you find yourself in a financial situation that you haven't planned for , and some of them we can't plan for .
But if you're disciplined and you , you know , spend wisely and and do all that , um , you know you will be able to mentally and financially handle those situations when they come up and be stead , steadfast and , you know , be able to do that , um . But it also hurts your long-term investing . But it also hurts your long-term investing .
So you know , being able to put money into retirement accounts or in brokerage accounts . I know we talk about all the time having those different buckets saving for college , saving for all of these things . The more money that you have outflowing , the less money that you're saving .
And so that power of compounding , you know , I remember when I started in this industry , there was a broker that I was working with . I started when I was 18 and he was like , whatever you do , start the mutual fund right now , and I did for a minute and then I didn't come , I didn't . You know , keep doing that , um , and I wish I would .
It was a John Hancock fund and I wish I would .
I can imagine what it would be worth now Right , and so he was so right , despite being a John Hancock fund .
Well , I mean , you know it was a mutual fund .
That's why it was a broker . It was a broker dealer .
Yeah exactly .
And so it doesn't mean they're all bad . But you know , the earlier you can start , even if it's just a little bit , the better . And so if you think about , you know that , 20 , $30 , a hundred dollars a month , you know if you're not spending it , instead you're putting it into account and letting it grow for you .
On average , the stock market returns 10% a year . That's powerful , you know . And then it's the opposite of that , and so what is it actually costing you ? Yeah , what is it actually costing you ?
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¶ Building Wealth and Financial Habits
. Now let's get back to the episode .
Because , in the end , what do most people want and most people don't ? I've never really well , we're a wealth management firm , so we see a little different of the population , right , but most people don't walk in here and say I want , and they list out all these material things they typically walk in and want . I'm looking just for financial peace .
I'm looking for financial security and to make sure that I'm going to be okay longterm . That's what . That's usually what they say , but then sometimes , when they say that and you look at the paper and you go well , that's not the actions that are happening , and this is how you fix that Right .
Yes , completely . It's like , okay , this is what you want , but you have to take the actions to get from A to B . You have to take the actions in between to get there Right . So are your habits set up and then aligned with what your goals are ?
Yeah .
Cause that's where it starts is with you and your habits , you know . So it's just , it's so interesting to see that , um , that parallel . You're right .
They come in and it's like this but I think we all have to go through that experience of we finally get what we want and then we get it and it's good for a hot minute . And then you're like okay , well , what's the purpose of that ? You can see that in sports sometimes .
I remember in golf I think it was David Duvall who won the British open and then after that you never really saw the guy again . He's like well , I won one of the biggest tournaments in golf and I was like didn't really find purpose in that .
Yeah .
Where other other obviously do . But he's just kind of fell off the face of the earth for there for a while . But you know , material possessions are just material right , ultimately you want to . They're all going to do it road .
Right , right .
So so you , you again , it's , it goes . This is what I tell , I tell my kids , cause I hate the word rich . When I hear some kids say that someone says rich , I'm like I just cringe . But there's difference between rich people and wealthy people . So rich people have high incomes but they spend everything . Wealth is hidden . You don't see wealth .
We have guys driving up and overalls , with snuff in the side of their mouth , driving a beat up Hyundai who have $3 million in just one brokerage account , right .
Yeah .
So that wealth is hidden . You don't typically see wealth . Now , really wealthy families you can my daughter's in the horse world . And you go to Lexington , Kentucky , and you see these mammoth farms and okay , well , that's like you know one farm probably many , and they're just showing off their wealth , not even that they're rich .
And they're showing off their wealth , um , but for , but that's the top , you know , quarter percent of America at that point , um , but yeah , it's . It's just what do you want to build ? And I think it goes back to legacy too . What are you passing on to the kids ?
You don't have to pass on dollars , but you should pass on good habits , habits , and typically they want to see , they learn by watching Right Kids do what we do not what we say .
That's right , exactly , that's exactly right . And you can change families that way .
You know , it's interesting because in our , in our industry , you know , we have people come in and we've we see all different stages , right , you know , people coming out of college , how do we start saving young marriages , children going through the college phase , going through , you know , the earning years , the retirement , and then your senior years and then later ,
you know , and it's so interesting because we're all in this accumulation phase when we're young , right , it's like all this stuff , stuff , stuff , stuff .
And then when you get to the point where the kids are gone and you've been retired and maybe you're talking about downsizing and maybe even moving into some sort of retirement community , nobody wants your stuff , you know , and you've , you've required all these things over the years and they're just giving it away .
And you think about how much I don't know how much money was spent acquiring all this stuff that nobody even wants , right , nobody wants . They have estate sales , you know , and so it's like , does it really matter ?
Does it really matter Not to take us off topic completely , but there's a lady here who was fired by a local firm . She's a little crazy . She is bipolar , so she's not taking care of herself . Then she does go off her rocker a little bit . She showed up at our doorstep one day and said I need help . We've kind of adopted her rocker a little bit .
She showed up at our doorstep one day and said I need help and we've kind of adopted her . She has no family . Her husband passed away 13 years ago . She doesn't have kids , she doesn't have nieces or nephews I mean , she is the last one and I have to go up there occasionally and help her .
And we moved her from her home to independent living and the home was not large , but I think they had two homes at one point and they must have combined . But she , she won't get rid of anything .
So , for example , uh , I took my son with me to say , hey , this is a volunteer day and we went up there and , um , I , probably , she probably has 50 play settings . She's just one person 75 years old , 50 play settings . Uh , she , she has .
I found 10 gallons of bona hardwood floor cleaner and she doesn't even have hardwood floors anymore and I was like , hey , you know this is so andso do . We should probably get rid of this . I could take it and give it to , maybe , our cleaners . You know , somebody could maybe use it .
Nope Is there something about a certain generation that that those material possessions they're not willing to get rid of because they worked for it and that's theirs , and they're at an age where they remember when they couldn't acquire any of that stuff .
Yeah .
But anyway , that's just a side note .
Or maybe memories , I don't know . But you wouldn't have memories of Bona ? I hope not .
If anything , you'd be wanting to get rid of it , right , um , but anyway , I just thought that was interesting . It's like I think , cause I'm . I'm not a hoarder , I'm the polar opposite . Are you a minimalist ? Yes , I just don't want to deal with it .
In our house we have a room that should be a bathroom , and that was the intention was to add a bathroom , but it's stuff that we have to keep for some darn reason , I don't know why , and every time I have to go find something in there , I'm like we're never going to use this . But , it'd be yeah , I'd be divorced if I get rid of any of it .
So I think about , about hiding , sneaking it out on one item at a time , but eventually the room gets empty . Where's my stuff ? So , um , I'm sure they wouldn't be happy about that . No , they wouldn't .
Well , honestly , you know there's ways and strategies to combat that . Um , you know , setting financial , clear financial goals , setting and sticking to a budget . That doesn't mean you can never gravitate away from it , but just remember , you know what you're trying to accomplish and what you're doing .
So it's good to have a goal , not just randomly throwing darts so that you know what you're shooting for . Practice delayed graphication . This will be really good for you to practice with yourself .
How do you do that ?
just delayed graphication well , you know , I mean , it's really about stopping and being mindful about what you're trying to do .
I would say you know I think for me it's it's always been okay . What am I trying to do ? What am I ? My goal has to stare at me in the face yeah , it's written down and staring me in the face . It's not a problem , right , right , because I will hyper focus on the goal . But if you start chasing rabbits and shiny objects , then you get off the track .
Well , I mean , it's delayed gratification is in anything and just the way in which you live your life Right , and so it's being disciplined , it's having it's no matter what you're doing , whether you're trying to help your health , build wealth or , you know , get to a certain goal If you're trying to do something at work , you know just an overall goal period .
You know it's there's little things that distract us throughout the week and the months and the years and is it setting you away from your goal or bringing you towards it ?
And so just considering that and thinking about it as this action , this habit that I'm creating because if I can create good habits , then that will set the stage for you know for what you're trying to do , and it'll set the stage for being disciplined and you know making yourself proud . It's a different mindset .
It's really , you know , taking care of yourself and thinking about what you want most versus what you want right now . It's really a mature way to you know handle things , and your children are watching and your grandkids are watching , and so they're watching how you handle that . So it's a teaching moment too .
So that's really important , really getting to the root of the problem . Are you numbing for some reason , you know , is there something else going on here that you're trying to emotionally make yourself happy for ? So , really getting to the root of that problem , if there is a problem there , so that will help you in learning to be disciplined .
And all of that Mindful spending , having good spending habits .
¶ Mindful Financial Habits and Legacy
When you're out shopping , you know , don't go to the grocery store hungry . That's what I always say , you know . You know , just , having mindful habits , is this something I really need or just something that I want ? And if I , you know , if it's something you really really want and you save up for it , okay , that's another thing .
You know , that's a goal , um , but if it's just stuff that you're accumulating and then getting rid of , you know , just being mindful of that and taking it in consideration , what am I actually going to do with this ? What is the purpose ? Is it really worth it ?
You know , and then just understanding and having financial education on things , you know , what does this look like ? What would it look like if I took this money instead and invest it ?
You know , just , and you don't have to scrutinize every single penny , but you know , making sure you're paying yourself first for the longterm , um , and saving for your goals and if there's any extra you know , if there's extra you didn't plan for then maybe do something special with that . You know , um , with the family or something you've wanted to do .
Uh , an experience maybe instead of stuff , unless you need the stuff , obviously , right .
So so you think about . We're talking to a lot of people , so I think a lot of these things are all good for young people who are just getting started , who need to stay focused on on career , stay focused on building building wealth , building that , savings for that first home , things like that .
Right .
But I think it also applies to people who are successful and have high incomes and that . What are you doing ? What are you doing with your wealth ? You know if it's slipping away and really expensive cars and and I love experiences um , it builds family legacy . But what , what ? What is your end goal ? What are you trying to accomplish ? What ? What can be ?
Not that you're trying to create a bunch of silver spoons , you know , for the next generation , yeah , but you have to understand that the next generation is going to have it a lot harder than you had it , because inflation yeah , you know , a starter home in , I think , 17 cities across the United States now is a million dollars , which is crazy .
Wow , that is crazy . Wow , that is crazy . So , in order for them to maintain a similar lifestyle , you're going to have to start building some type of legacy money . What if you get an inheritance ? We obviously have our normal checklist let's eliminate debt , eliminate mortgages , things like that but think about that next generation .
What can you do to teach them and educate them about money and legacy ? And this is why this family is different and this is how we handle this . You're always gonna have that one or two children , maybe , that that , um , though most people have two children , but you're maybe have one child .
It's not really good with money , and so you have to build some protection around that , but yeah absolutely . But you know , I think it goes back to we all need goals , we all need to be working towards something .
Yeah , Otherwise you're just mindlessly .
Well , that's how you and I think , yes , and you're very goal-driven , but I don't think most people go through life with goals in mind . I think they're just trying to survive the day .
That's true , that's true , and sometimes I think that's a mindset too . Though , if you're just in survival mode , then you know you do , just do whatever you can to get by , and so you spend this or eat this or handle this this way .
You're just quickly , you know you're you're I don't want to say drowning , but maybe you know you're , you're just in a uh , you know , trying to survive and so being mindful , so it's switching from , you know , surviving to thriving , and you know what is it you really want ?
Do you just want to get by and just , you know , not have goals and not , you know , grow , cause if we're not in growth mode , as you know , as humans , that's what , that's what we're designed to do , you know .
Right , you mentioned health at the beginning too . I mean , your journey is is one that that is pretty amazing and you're you're , you're really good about staying disciplined on on on the health front and you know it could be that it's maybe less about setting uh goal money , uh money for . You know goals for money .
It's maybe , maybe it's more , more for health and longevity and things of that nature .
Absolutely , absolutely .
So , anyway , um , well , that's good conversation . Thank you , shauna . And and I think that , um , in the end end , this is where financial planning comes into play . You have to sit down , you have to write out the future . What does that future look like ?
What if you're okay with your retirement future but the planning process can give you permission to go do other things , and a lot of our clients are that way . They're saving enough for retirement , they're in good shape . So what do you do with the extra dollar ?
And I think for a lot of people , the extra dollar is what's slipping out and where they could be opening up a brokerage account , they could be saving , and then that money could buy a second home , it could buy maybe a third home , it could buy property to do whatever recreational you want to do hunting or off-roading or whatever .
We have people in all kinds of things the RV , right , but knowing that you're , you're secure , uh , with your future on on the retirement front , um , and then , obviously , the other parts of financial planning include protecting all that , that we have the right amount of insurance , uh , that that in case there's a judgment against you , and all that fun stuff .
But we do all that here If you're interested in learning more about our process , you can reach out to us online at wiserinvestorcom . You can schedule 24 hours a day a consultation with myself , with Shana or with Missy , and I also have a few other episodes in my notes here .
You might want to take a look at episode 221 , how to prioritize your financial goals . Episode 182 , investing for the long haul creating a retirement focused investment strategy might be good , good podcast for you Also . Don't forget we have a YouTube channel . A lot of people watch this podcast now at A Wiser Retirement in YouTube .
I was at the GMC dealership recently and they have YouTube TV in the back of the cars now . So you , my kids , don't need screens anymore . But if you bought a car that had screens in the back , it's all fed through Google and I was demoing this thing and you can go right to Google and I typed in 8Y is a retirement at the dealership .
So anybody who buys a car is going to have the wiser .
There you go .
Unless it resets when you turn it off .
Wait , that could bring up our podcast numbers .
Yeah , I know right , Just listen to our podcast as you're driving around . Anyway , Wiser Retirement YouTube channel Check it out . Thanks for listening .
We'll see you guys next week . Thanks for listening to a Wiser Retirement podcast . We hope you enjoyed today's episode . Make sure to subscribe wherever you're listening . That way you don't miss any new episodes . We'd also appreciate if you could leave a rating and review .
If you have any questions about anything that was discussed today , head to wiserinvestorcom and reach out . This episode was produced by Rachel Dotson .
This podcast is strictly for informational purposes only and is not to be considered as investment advice or solicitation to buy or sell any financial products , securities , digital assets or any other investment vehicles , or a basis to make any financial decisions . Wiser Wealth Management Incorporated is a registered investor .
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