In this episode of Building Wealthy Habits, we get real about the financial myths that trip up so many families. From the truth about "safe" investments like bonds to why chasing the latest trends could wreck your financial goals, we're breaking it all down.
We talk about why starting early with investing is everything (hint: it's not about getting rich quick), the delicate dance of risk and return, and how budgeting isn't about restriction—it's about freedom.
More importantly, we dive into how financial planning isn't just about numbers; it's about people, families, and creating a future where you're not stressed about money. Whether it's helping your kids through college, saving for your dream retirement, or just making sure your finances reflect your values, having the right guidance makes all the difference.
If you've ever wondered what it really takes to build wealth and enjoy the journey, this episode is for you. Don't miss it—your future self will thank you.
Key Takeaways:
You don't need a lot of money to start investing.
Starting early with small amounts can lead to significant growth.
Investing in trends can be risky; diversification is key.
Past performance is not a guarantee of future results.
Bonds can carry risks and are not always safe investments.
High risk does not always equate to high returns.
Budgeting is essential for achieving financial independence.
Financial advisors are beneficial for everyone, not just the wealthy.
Building a relationship with your financial advisor is crucial.
Investing is about planning for the future, not gambling.
Reach out at contact@tricordadvisors.com
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadv.com
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com
