Would Immortality Change Your Financial Risks? A Deep Dive with Matthew and Jim
The need for self-care is always higher...we have more stress in our life, and so the need for the self-care is always higher.
Imagine living forever. Would it change how you handle your money? In this intriguing episode of 'Financial Sobriety', hosts Matthew Grishman and Jim Gebhardt dive into the concept of risk tolerance and how our financial decisions might shift if we had endless time. They take a closer look at bonds, especially in today’s climate of rising interest rates, and challenge the idea that they are always a safe bet.
If you've ever wondered about the hidden risks in your investment portfolio, this episode is a must-listen. Matthew and Jim don't just stop at bonds. They also discuss the broader impact of government policies on the economy and how these can affect your investments. Ever heard of the 'buy, hold, and hope' strategy? The hosts break down why this might not be the best approach for everyone, especially in uncertain times. But it’s not all technical jargon.
Matthew and Jim sprinkle in practical advice on building a solid retirement plan and maintaining a cash reserve. They also emphasize the importance of choosing advisors who think outside the box and encourage self-education in financial matters. Whether you're a seasoned investor or just starting out, this episode offers valuable insights into managing risk and making informed decisions. So, grab a cup of coffee, settle in, and let Matthew and Jim guide you through the complexities of financial sobriety.