We've got another great episode of the Our 2 Cents podcast for you this week! Gabriel and Steve are sharing parallels between heathy eating and financial planning. Then they cover some financial terms and their meaning, before wrapping up with a listener question.
Fixing Unhealthy Financial Habits:
- What are the empty calories that could be in your financial plan.
- How added sugar in your plan could be really bad.
- What should you have in your "pantry" and why it's important to know what you do and don't have.
- Why trans fats are so tempting, but might be unhealthy to have in your financial plan just like your diet.
- How to determine if you have a healthy plan.
Breaking Down Financial Terms:
- Volatility
- Diversification
- Capital Gain and Capital Loss
Listener Question:
- "There's been a lot of media coverage lately on the inverted yield curve. What does that mean? When it occurs do you suggest any client action as media coverage usually mentions it has often preceded recession periods?" - Jeff P.
