4.4 • 6K Ratings
🗓️ 24 August 2022
⏱️ 11 minutes
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0:00.0 | Thanks for listening to my call of the day podcast. You can hear my live radio program Monday through Friday from two to five PM Eastern time on serious XM. |
0:10.0 | Try and 11. |
0:11.0 | Krish, welcome to the program. |
0:13.0 | Hi, Dr. Laura. Thank you for taking my call. |
0:17.0 | Just a quick little bit. |
0:21.0 | I had my mom passed away in December. My husband passed away in February and had to put down a dog shortly thereafter. |
0:32.0 | And so here I am today and just looking for your insight on how how you trust how and when you know to trust your decision making. |
0:57.0 | What does decision have to do with these three deaths? What are you talking about? |
1:03.0 | Well, the loss, the, you know, I, I always had somebody to bounce things off with like, you know, do what do you think about this? How about that? Do you think we should do this? |
1:22.0 | Should we buy a new car? What about this car? And now all those decisions are just singular and okay. |
1:32.0 | Now they understand what you're asking. Let me answer your question. You've had how old are you? |
1:38.0 | 61. |
1:40.0 | Okay, you had at least 50 years of asking other people for their input. I assume you learned from them how to make those decisions. I'm sure you learned something. |
1:53.0 | You asked it wasn't though the decisions were made for you. Well, use what you've learned. |
1:58.0 | Number one, number two, sometimes you will make mistakes. So what? |
2:07.0 | Well, the financial consequences not fun. Well, if you then hire somebody who for their living does that? |
2:19.0 | Like money managers, estate managers, there are people who earn a living giving advice. If you don't want to use what you've learned, then hire people to do it. |
2:36.0 | Well, and I have gone to those people and the responses usually will do what do what makes you happy? Do what makes you happy? |
2:46.0 | And I don't know what makes me happy. I mean, everything that I have. |
2:51.0 | And then turn it over to them completely and have them give you a monthly summary. |
3:02.0 | Can you explain that a monthly summary? |
3:07.0 | Yeah, they give you a monthly summary of the money they sent you for your expenses and the money that's went into savings, the money that got invested into something, there are companies that do that. |
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