Episode 174: Bucket Your Way to Simpler Investment Decisions
Update: 2024-05-08
Description
We are back this week with another episode of Our 2 Cents with Steve and Gabriel Lewit. They are excited to share how to work through the challenge of making financial decisions and the benefits of simplicity when planning for retirement. Listen in now using a link below!
- The Difficulty in Financial Decision-Making:
- Discover that people who view themselves as emotional thinkers have a more difficult time processing and making financial decisions.
- Learn how reframing and using more practical thinking can better your approach to making decisions with your finances.
- Gabriel's Quotes of the Month:
- "It's not who you are that holds back, it's who you think you're not." - Denis Waitley
- "Investing should be like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
- The Benefits of Simplicity in Investing:
- Understand how diversification, patience, and time are keys to a simpler approach to investing.
- How the concept of Bucket Planning can help you view your investments in a simpler to understand way.
- While there are more complexities behind the scenes with Bucket Planning, the idea that you know the purpose and goals for each bucket can help simplify your investment decisions.
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