In this episode of Money on My Mind, I dive into one of the most common (and urgent) financial questions: Is the market going to crash? One of our listeners, Stephen Lundy, asks whether he should be worried, how to secure his investments, and whether moving to bonds is the right move. Instead of focusing on fear, I break down what truly builds wealth: long-term strategy, understanding risk, and taking consistent action.
We'll break down the Wealth Triangle, the risks of market timing, and why dollar-cost averaging is key—even in volatility. I'll also share data on how missing a few top market days can cost you millions. If you're unsure about investing, this episode will give you the clarity to stay the course and avoid costly emotional decisions.
Key Talking Points of the Episode
00:00 Introduction
01:23 Is the market going to crash?
02:23 Why fear-based investing leads to bad decisions
05:21 How market volatility tricks investors into losing money
06:45 The Wealth Triangle
09:23 The importance of mental fortitude
12:24 Building an automated system to generate cash flow
14:22 The real definition of the stock market
16:37 The fundamentals of investing that you should understand
19:16 Understanding the importance of risk management
24:21 How missing the best 10 days of the market can sink your money
28:01 Why market timing does not work
30:31 Developing the right mindset towards investing
32:27 How waiting could impact your returns
https://bookwithbudgetdog.com/ped
Quotables
"The market isn't some mystical force—it's people, businesses, and the economy. Unless humans stop working and innovating, the market won't just disappear."
"If you wait to invest because you're scared, you're literally throwing away millions of dollars over time."
"You don't build wealth by reacting to fear—you build it by making smart, consistent moves over time."
Links
Budgetdog
