Fortune Cookie Proverbs For Your Financial Plan

Today’s Prep:

The message inside a fortune cookie may bring you more fortune than you think if you apply those proverbs in your financial plan. Let’s look at four fortunes and how it applies with your financial decisions.

(Click the featured times below to jump forward in the episode)

 

Equipping Points:

When you get takeout food, you might also get a few fortune cookies to go with it. Do any of these fortunes apply in your financial life?

Do you ever experience a crisis and stress about the impact? Another way to look at a crisis is as an opportunity. Depending on where you’re at in life and how your money is positioned, a crisis such as a job loss or market shift may also provide you an opportunity in the long run.

Sometimes it’s more important to protect what you have instead of chasing what you don’t have. If you’ve been saving for a long time in growth accounts, as you near retirement you may want to consider whether you need growth as much. Don’t get caught up (or greedy) when it comes to what you could have instead of caring for what’s in front of you.

Control what you can control and don’t worry about what you can’t. There will always be things outside of our control, so if you are getting overly anxious about them, turn off the news. Address what you can and just know there will be bad things that happen, but you can’t spend all of your time worrying about it.

Sometimes you have a bias on what should be done in your plan, but it’s important to step back and reevaluate that. Your advisor can help you understand what kind of risk you can really handle.

Will you be applying any of this wisdom when it comes to your financial plan?

Listen to the full episode in the play above or click on the timestamps below to hear a specific financial fortune cookie proverb.

[1:49] – “Crisis is opportunity riding on a dangerous wind.”

[3:47] – “A feather in the hand is better than a bird in the air.”

[5:52] – “Accept something you cannot change and you’ll feel better.”

[8:39] – “The greatest danger could be your stupidity.”

 

Related Resources:

Tending To Your Retirement Garden

Unlikely Wisdom From Unlikely Voices

 

Today’s Takeaway:

More From Eric:

The host: Eric Peterson - Contact - Call: (515) 226-1500

Subscribe To The Podcast:

Apple Podcasts  -  Google Podcasts  -  Spotify  -  Stitcher  -  iHeartRadio  -  TuneIn

Check out some other recent episodes

Why Eric Loves Working as a Financial Advisor

October 22, 2020

Why does Eric do what he does? What’s his history and what are his passions? Find out on today’s episode of the podcast.

Read More

What Goes Into a Customized Financial Plan?

October 15, 2020

Why should you have a customized financial plan? What do you need to consider and what goals help you build an outline for your plan? Join us as we talk about what goes into the process of setting someone up for a secure future.

Read More

Things That Don’t Matter…Until They Do

October 8, 2020

Certain financial documents might seem like they can be put off for now. But when you need them, it’s important to be prepared ahead of time! Do you have all of these things in place?

Read More

Uncommon Sense in Financial Planning

October 1, 2020

When common sense isn’t followed, what does that look like? What common sense should we adhere to when it comes to financial planning?

Read More

Visiting the Financial Doctor

September 24, 2020

We’ve all been to the doctor at some point, so how is it like working with a financial advisor? We compare the similarities on today’s podcast!

Read More

Mailbag: Should I Withdraw from an Old Annuity?

September 17, 2020

When is a good time to withdraw from an annuity and what should you know ahead of time? Eric answers this and two other questions from the mailbag in this week’s podcast.

Read More

Heard It Through The Grapevine?

September 10, 2020

From million-dollar retirement benchmarks to presidential election fears or predictions, have you heard these through the grapevine? Eric shares what he thinks about these three financial rumors.

Read More

Is This Retirement Fact or Fiction?

September 3, 2020

Ever hear something and think, could that be true? Some of these financial concepts are fact and some are fiction–do you know which is which?

Read More

Are You Flirting with Financial Disaster?

August 27, 2020

You might feel great about where you stand financially but there’s a chance you could be flirting with disaster. We’ll tell you about three key areas where people make mistakes in their planning that can end up causing major financial problems in retirement.

Read More

How To Pack Your Financial Suitcase

August 20, 2020

When you go on a trip, a lot of times it helps to refer to a packing list to make sure you have everything. When putting together a financial plan, do you have everything in order? Let’s talk about what you need to put into your financial suitcase.

Read More

Leave a Comment