How to Election-Proof your Finances

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.7 • 3.1K Ratings

🗓️ 5 July 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Does the upcoming election have an impact on you financial life? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How to election proof your finances?
0:07.0	Brian, I am so excited about this because this is one of those unique years where we have a presidential election and we know that things can get a little squirrely a little interesting things can kind of be going one way and then they can immediately turn and start
0:24.1	going a different direction. So a lot of people ask us this question guys
0:27.9	going into this election year what do I need to know what do I need to think about before we get? How can I protect myself from a portfolio perspective?
0:37.0	Because then usually they follow it with, if X happens, then this is going to happen.
0:42.0	And then you talk to the next person, they say, well, if Y happens, then this is going to happen. And then you talk to the next person,
0:43.4	and say, well, if Y happens, then this is going to happen.
0:46.6	So how do you go about navigating this?
0:48.6	I don't have any data to support this, but I feel like this year is unique in the fact that here we
0:56.4	are about to be in July and I feel like the energy is maybe it's just me but I
1:01.0	felt like the energy is lower
1:02.8	this election cycle but it's it is one of those things where I'll always love to go back
1:07.2	and look at the historical context because without a doubt
1:11.1	the news media because this is they make hay I think you know there's a lot of
1:16.0	opportunity this is their super Bowl when you have election years presidential election
1:20.7	years you know there's gonna be tons of money dumped into the campaigns
1:23.6	that's going to go through news outlets it's going to go through social media and so
1:27.7	they live for this stuff so they try to get you all excited in a frenzy, whether you're a Democrat, whether you're a Republican.
1:37.0	And I just want to remind everybody, this is why I think that we are your respite in the chaos that we're probably all about to experience is that
1:46.8	we're going to make it through this and one of the things we focus on on our
1:50.9	show is that we don't get into politics we don't get into religion
1:54.6	we try to focus on things you can control so I think the first thing we ought to do
	...

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