1873: The 3 Most Important Words in Financial Planning by Erik Carter of Financial Finesse on Organizing Your Retirement

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🗓️ 26 April 2022

⏱️ 10 minutes

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Summary

Erik Carter with Financial Finesse shares the 3 most important words in financial planning Episode 1873: The 3 Most Important Words in Financial Planning by Erik Carter of Financial Finesse on Organizing Your Retirement After years in the financial services industry, Liz Davidson became disgusted with how many people were being sold financial products and services that were not in their best interest. She decided there had to be a better way to provide people from all walks of life with truly unbiased financial guidance--designed to line their pockets, not their financial advisor’s. This is the story of Financial Finesse and how they give employees and employers unbiased financial wellness as an employee benefit. They help your employees maximize their compensation and benefits by making better financial decisions. You become a partner in their financial security and reap the benefits of a financially healthy workforce. They’ve helped hundreds of thousands of employees change their lives. The original post is located here: https://www.financialfinesse.com/2013/09/05/the-3-most-important-words-in-retirement-planning/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1873, the three most important words in financial
0:07.2	planning by Eric Carter of FinancialFinesse.com.
0:11.8	And I'm your host and personal finance enthusiast, Diana Mariam.
0:16.2	This is the show where I serenade you with the sweet sounds of personal finance knowledge
0:21.1	from some of the best blogs on the planet.
0:24.0	With the author's permission of course, are you loving Optimal Finance Daily?
0:28.8	Why not share with a friend today and invite them to join the party by sending them a link
0:33.6	to oldpodcast.com.
0:36.4	And while they're there, they can check out our other shows on topics like personal
0:39.9	development, health, and relationships.
0:43.0	But for now, let's get right to today's post and start optimizing your life.
0:51.8	The three most important words in financial planning by Eric Carter of FinancialFinesse.com.
1:00.1	According to an article by The Motley Fool, the three most important words when it comes
1:04.4	to investing are the margin of safety.
1:07.9	The article discusses how inaccurate people tend to be at making predictions about things
1:13.2	like the economy, industry trends, and business growth.
1:17.5	Since this unpredictability can wreak havoc on investment plans, many of the top investment
1:23.3	experts recommend investing with a margin of safety, which is, quote, simply the distance
1:29.8	between your predictions coming true and needing those predictions to come true.
1:35.6	You can try to predict the future, but a margin of safety gives you room for error to be
1:40.6	wrong, end quote.
1:42.7	In other words, rather than pick the investment that needs to grow at 10% per year to
	...

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