Hello, Wienavers. My name is Jesse Meekham. This is podcast number

327 for Wienab, where we teach you four rules to help you stop living

paycheck to paycheck, get out of debt and save more money.

Save more money is the name of the game if you want to retire at any point.

And when you throw your money in the market you have these news people or well-intentioned

friends that talk about it constantly. As soon as you start putting meaningful money in the

market or even when you just first start you're so the novelty is there and so you're

pretty amped up on the idea and you follow it. And you know how the president has to set up a blind trust?

I don't know if you guys are familiar with that where the president in order to not have a conflict of interest and please don't I'm not making any commentary at all about current

things I just I've heard this and found it intriguing but the president in order to

avoid a conflict of interest needs to have things set up in a blind trust to where they wouldn't be

motivated to improve their position financially because they don't really know

what their money is doing or where it is and then they can just focus on

being the best president they can be. I like that idea. I think you should set up

your own blind trust and you need to start writing it down on paper to figure out how it would work.

But here are a few ideas.

One, you could, this is, I mean I'm just going to throw, like I'm brainstorming here, I didn't you know I didn't write this I'm not reading from a piece of paper

this is just I'm literally going from the hip on this not literally figuratively I mess that up sometimes

figuratively going from the hip like a gun slinger so what we've got

here is this idea of a blind trust why because when you get in and out of the market you

it costs you money if you miss the, I don't know, few days of a decade of returns, it's amazing how much of the returns total for that decade you have missed. If you are trying to time the market

you are doing it incorrectly and ineffectively and unless you are doing this full time and you are in the top

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