What Does Mark Twain Have to Say About Your Financial Plan?

Today’s Prep:

What financial wisdom can we glean from the sayings of Mark Twain? Believe it or not, many of these quotes are quite relevant today.

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

Equipping Points:

Mark Twain, writer of some of the classics, had a number of things to say that still apply today. On today’s episode of the Retirement Ready podcast, Eric shares how these quotes from the past relate to life today as well as how they can be applied to your retirement plan.

Anything can happen, right? Twain said, “Apparently there is nothing that cannot happen today.” While 2020 was a year full of change and transition, 2021 may bring its own mix of change. Have you run your plan through a stress-test so that you can be prepared for whatever the future holds?

When money is a strain, you might make decisions that aren’t the best. Whether from a market swing or a job loss, are you reacting based on emotions or following your plan? In retirement, how can you be a good steward of your money to protect it and grow it?

If you’re going to be in the stock market, be ready for volatility. Twain joked that October was a bad month to speculate on stocks, but then went on to list all of the months. Every month carries a certain amount of risk and opportunity.

Lastly, Twain said, “The secret to getting ahead is getting started.” Are you dragging your feet on creating a financial plan? Or does it need a re-work but you’re scared of regretting not doing it sooner? Meeting with an advisor is not about getting scolded, it’s about starting off and continuing your financial journey in the right direction.

Listen to the entire episode or click on the timestamps below to hear more about a specific quote.

[1:25] – “Apparently there is nothing that cannot happen today.”

[5:02] – “The lack of money is the root of all evil.”

[6:58] – “October is one of the particularly dangerous months for speculating on stocks…”

[8:47] – “The secret to getting ahead is getting started.”


Today’s Takeaway:

We’re not here to make you feel bad. We’re here just to point out where you want to go: here are some of the things you can look out for and here’s how we can help you.

-Eric Peterson

Related Resources:

New Year, New Ideas to Consider

Financial Planning Lessons From Winston Churchill

Is This Retirement Fact or Fiction?

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

Baseball and Retirement Planning

May 6, 2021

America’s pastime has been enjoyed by people of all ages for many, many years, but how much have you thought about baseball from a retirement planning perspective? Today we’ll explore the parallels between being successful in sport and finances.

Read More

Unpopular Opinions In The Financial World

April 29, 2021

Which of these financial opinions are really worth paying attention to? Eric shares ways to reframe and better understand these financial opinions and how they work in your financial plan.

Read More

Retirement Planning Rules of Thumb

April 22, 2021

You may have heard of at least one if not all of these financial rules, but should you follow them? What do they really mean? On today’s episode of the podcast, we talk through four common rules of thumb when it comes to financial planning and what Eric advises about them.

Read More

Financial Abbreviations, Explained

April 15, 2021

While financial planning has a lot of numbers involved, here are a few letters and abbreviations you should know, too. Eric explains several common financial abbreviations.

Read More

Do You Agree or Disagree with this Retirement Advice?

April 8, 2021

Which of these statements is worth paying attention to and which ones should you take with a grain of salt? Eric shares whether he agrees or disagrees with five retirement planning statements.

Read More

Mailbag: Can I Sell My Home and Just Rent in Retirement?

April 1, 2021

Ever consider a retirement plan that seems a little unorthodox? There’s no one-size-fits-all when it comes to financial planning, so Eric answers three questions in the mailbag from people considering a less traditional decision to make their plan work for them.

Read More

What Creates A Sense of Urgency With Your Financial Plan?

March 25, 2021

Have you been procrastinating putting together a financial plan or do you have a sense of urgency? What events may prompt you to act quickly?

Read More

Should You Follow Dave Ramsey’s Financial Advice?

March 18, 2021

Is the baby step program and financial advice from Dave Ramsey for everyone? What does a registered financial consultant have to say about it?

Read More

Financial Wisdom from Calvin and Hobbes

March 11, 2021

Perhaps a bit unexpected, the comic strip Calvin and Hobbes had a lot of great life and financial advice to dole out. Which of these apply to your financial situation?

Read More

Can You DIY Financial Planning?

March 4, 2021

What reasons might someone debate going DIY when it comes to a financial plan? Is it better to go to an advisor or is sometimes DIY right for you?

Read More

Leave a Comment