What’s up everyone. It's Captain Kyle Smith and this week I sat down for a Morning Meeting with retired San Diego Fire Department Captain Matt Praizner. Matt recently retired and credits having the right mentors guiding him early on that allowed him to retire early and begin this new chapter in his life. There are many of us who consider him a mentor to us and we wish him well in retirement.
His advice on how to make the right investment choices couldn’t be better. He says that it comes down to 10% entry point, 10% exit point and 80% patience, but where he sees many of us struggle is in just not paying close enough attention. We have to look out for each other because our City certainly isn’t.
With that said, another key point Matt makes is to not try to answer all your financial questions on your own. Reach out to someone in your network who can mentor you and show you the ropes, but also find a financial advisor to help you make these important decisions. Making a few right decisions can get you on the path toward financial independence, but making a few wrong ones isn’t the end of the world either.
Matt recommends either TD Ameritrade.com or Schwab.com as online platforms to buy and sell stocks for their ease of use and user-friendly interface. Just be careful when you’re starting out and take the advice of a pro. If you need a list of financial advisors to have a conversation with, DM me and I’d be happy to point you in the right direction or click the link in the video at the 14:00 mark for a list as well.
I hope you guys enjoy it!
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