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Money Guy Show

How to Leverage Fear for Financial Opportunity

Money Guy Show

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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 7 October 2016

⏱️ 31 minutes

🧾️ Download transcript

Summary

Everyone has fears. It's what you do with fear that determines whether or not you will allow it to help you or hurt you. In this episode of The Money Guy Show, Brian and Bo explore how investors can leverage fear to their financial advantage and discuss the steps you can take to overcome your fears to reach success.

Transcript

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0:00.0

Fear. We have nothing to fear, but fear itself. So you hear about fear all the time,

0:07.9

and you start thinking, this is obviously something that's hardwired into us.

0:12.3

What if I could tell you guys there is a contrarian point of view where you can actually leverage fear

0:19.6

to create opportunity. Hang in there with us today on the Money Guys Show, and we're going to

0:24.1

tell you how to do that. How do we capitalize and turn fear into your friend? I'm your host,

0:29.6

Brian Preston. It's Brian Preston, the Money Guy, restoring order to your financial chaos,

0:36.4

retirement, investing, taxing. You've got financial questions, he's got financial answers.

0:42.8

It's Brian Preston, the Money Guy. Bo, there is so much to talk about in the fact that

0:50.4

it's like Friday to me today. Not Brian, not even though you might be listening to show on Friday,

0:56.4

it's not actually Friday or recording. So what in the world are you talking about?

1:00.1

It's actually midweek, and I'm actually flying out tomorrow with the entire fam

1:06.4

to go hang out with Mickey and huddle in the bunker as Hurricane Matthew goes over.

1:11.8

So there are storm shelters at Disneyland, I don't know. I'm hoping this thing does something to

1:18.4

where it only, hopefully it's not that bad and believe me. I'm more concerned about the hurricane,

1:23.7

and what happens to the people in the coast versus my trip to Disney World. But it is definitely

1:28.0

top of mind on the storm path and what's going on. But that's right, I'm hanging out with my best

1:32.4

friend Mickey Mouse, Goofy and the rest of the team in the next few days. And then other exciting

1:37.5

news, but we're in the process of pinning a contract or lease for some downtown office space.

1:46.3

We're going to be downtown Franklin, Tennessee. So we're right in the suburbs of Nashville,

1:52.3

still consider us a Nashville business. But guys, we're going to have some exciting stuff. If

1:57.2

this all lines up, like I think it is, you'll just wait. Over the next six, nine months,

2:03.2

we're going to have some opportunities so that when you come to the great tourist destination

...

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