#21 - Politics Don't Matter
The US Federal Reserve just lowered interest rates - what does that mean for you and your finances?
Well, frankly nothing! The geo-political universe is completely beyond our control! In this podcast we discuss the famous Businessweek article “The Death of Equities”. 40 years ago, they said equities would die a brilliant death, yet here we are - stock market is still here. I guess some things live in perpetuity. Plus! I also talk about Daniel Tiger - because I’m a mom!
The meat of this episode:
Focus on what you can control:
Your savings rate!
Creating a plan that fits your needs and your risk tolerance
Diversification ALL around - investments, tax rate, how you save, where you spend
Reducing expenses and turnover on investments
Minimizing taxes without taking it to a weird and neurotic place
Stop trying to pick the fastest lane on the highway - we’re all getting anxiety just thinking about it.
Awareness + pause + then change. I know you can do it!