Skip to content

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

Should I Keep My Life Insurance Policy + Other Mailbag Questions

April 2, 2020

If your life insurance policy goes up after you turn 60, you may wonder if it’s still something
worth paying for. Or maybe you’ve just received an inheritance and don’t know what to
expect when it comes to taxes. Eric answers three questions from the mailbag this week.

Read More

Making Home Renovations and Protecting Your Retirement Income

March 26, 2020

Are you wondering how to pay for a home renovation in retirement? Or, are you concerned about the market volatility with retirement a few years away? Eric answers three questions from the mailbag all related to making wise decisions regarding money in retirement.

Read More

Life Happens: How Will Your Financial Plan Be Impacted?

March 19, 2020

We all know at one point or another something is bound to happen that can throw off your financial plan. How will you address these possible scenarios when it comes to your financial plan?

Read More

Don’t Mistake Good Intentions for Sound Financial Advice

March 12, 2020

Can you tell the difference between good intentions and bad advice? Sometimes, even people who are truly trying to help can give you bad information and cause you to question your financial decisions.

Read More

Stages Leading Up To Retirement

March 5, 2020

Life isn’t just “before retirement” and “after retirement” when it comes to your financial plan. There are several stages leading up to and through retirement. Which stage are you in?

Read More

5 Frequently Asked 401k Questions

February 27, 2020

Do you have a question about your 401(k)? There’s a good chance you’ve wondered about at least one of these five frequently asked questions when it comes to your 401(k).

Read More

What You Should Know About Leaving an Inheritance

February 20, 2020

Estate planning is just one piece of a comprehensive retirement plan but it’s an important one because you only get one opportunity to get it right. The problem is many individuals have very little experience with inheritances and often make mistakes when handing them down or receiving them. Let’s try to change that today by informing you about inheritances and the steps you need to take.

Read More

Reasons Why People Don’t Retire

February 13, 2020

Why would someone put off retirement? Are there valid reasons to wait, even if you are of retirement age? Today we’ll look at the reasons that we often hear and the meaning behind what is said.

Read More

Financial Advisor Green Flags

February 6, 2020

How do you know if you’ve found the right type of financial advisor? What is most important when looking for someone to work with who will create the right types of financial strategies for where you are in life?

Read More

Understanding The SECURE Act, Part 2: Stretch IRAs

January 30, 2020

In part two of our series on the SECURE Act, we talk about some of the downsides to the changes. Eric explains the stretch IRA and what impact the SECURE Act made on it.

Read More

Leave a Comment