Savings Rules of Thumb
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!
4.6 • 858 Ratings
🗓️ 11 March 2022
⏱️ 19 minutes
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| 0:00.0 | Hey, this is Daniel. |
| 0:01.9 | Thanks for listening to DIY Money. |
| 0:04.2 | If you haven't already, be sure to give us a five-star review on iTunes so your friends know that they can learn from the show. |
| 0:10.7 | Also, follow us everywhere on social at DIY Money Podcast. |
| 0:16.1 | If you haven't already, be sure to check out the video on YouTube. |
| 0:19.5 | We've got some awesome bonus content there. |
| 0:22.3 | Now, enjoy the show. |
| 0:29.2 | Welcome back, ladies and gentlemen, you're listening to another edition of D-A-Y money. |
| 0:35.5 | D-A-L-A-Money. |
| 0:36.3 | So here we are on the 24th of February recording this episode, and I think it would be prudent to discuss what's happening in the world right now for our DIY investors. |
| 0:49.1 | None of this is investment advice, but let's just report on the news. |
| 0:52.0 | Unless you've been living under Iraq, you know that Russia has invaded Ukraine, throwing the global markets into hysteria. |
| 1:00.4 | This is, in my opinion, probably the first time that many newer investors have faced such challenges. |
| 1:06.8 | They were getting involved in the depths of the pandemic opening accounts. Most of that was |
| 1:13.1 | stimulus money coming in, entering into Robin Hood buying stocks and stonks, let's call them, |
| 1:19.7 | and these stonks continue to go up forever. Now people are faced with the reality that that is |
| 1:25.5 | not the case, seeing significant pressure on the |
| 1:28.6 | markets and I'm going to share just briefly what we're sharing with folks in our business and |
| 1:33.8 | that is take a deep breath don't panic there's no reason to become alarmed and we hope you |
| 1:40.2 | enjoy the rest of your flight by the way is there anyone on board who knows how to fly a plane? |
| 1:51.0 | And remember that you should be investing for the very long term. |
| 1:58.0 | And if you are younger, the irony of this situation is you are able now to buy |
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