“Is the US Going Broke?”
"Social Security's Coming Crisis”
"The Economy's High Blood Pressure”
"Exploding Federal Debt: Why So Dangerous?”
"Joblessness is Here to Stay.”
I know I’m not the only one who’s seen headlines like these in my social media and news feeds lately. And as worrisome as these hot takes sound, what’s even more concerning to my team at Keen Wealth is how they can scare investors into making mistakes that can ruin their financial planning.
On today’s show, we discuss how to keep media scare tactics out of your head, out of your decision-making, and out of your portfolio.
Recently I took an amazing flight with my son, Devin, to St. George, Utah, near the Grand Canyon. Devin is a certified private pilot studying for his instrument rating, so it was a big help to have someone with his skill and knowledge in the copilot seat helping with navigation, communications with air traffic control, and helping to perform crosschecks – all of which make for a safe flight.
We cruised above the Rocky Mountains at 17,000 feet, and at that altitude, you have to pay special attention to your oxygen levels. We kept our pulse oximeters on for most of the trip, which isn’t a technical requirement. But I always do my absolute best when it comes to getting out ahead of any potential issues that could occur over the course of a flight. (PICTURE)
As we proceeded on our IFR flight plan, monitoring our O2 levels, overall systems and weather conditions, it got me thinking about some issues we’ve helped friends and clients get ahead of recently on the ground at Keen Wealth. So on today’s show, we talk about my big flight, and also about some common financial mistakes you can avoid with a little safety prep of your own.