How to Handle Financial Loss
Episode description
Navigating the emotional rollercoaster of any loss is one of the most difficult things you have to deal with. Financial losses are no exception.
The loss of a large amount of money can have a traumatic effect, particularly if the financial loss impacts life milestones like the purchase of a home or paying for your child’s education. You may feel there’s no coming back from the loss and, in turn, do things that worsen the situation.
The good news is there are ways you can recover from a financial blow and safeguard against losses in the future. In this episode, we discuss the importance of understanding your risk tolerance, financial market volatility, and tips for handling your losses.
Show Highlights
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[02:41] The importance of understanding the game you’re playing
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[06:36] The price of admission to play the game at all
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[07:34] The best thing to do when you’re in the savings stage of your financial life
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[11:14] Netflix as a case study
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[19:23] Five tips on how to handle loss
Links and Resources
🟢 Just Keep Buying by Nick Maggiulli → tinyurl.com/justkeepbuying
🟢 Fiscally Savage → FiscallySavage.com
🟢 Fiscally Savage Tools → FiscallySavage.com/tools
🟢 Instagram → Instagram.com/fiscallysavage
🟢 Facebook → Facebook.com/fiscallysavage
🟢 Twitter → Twitter.com/FiscallySavage