WCI #175: Fixing Analysis Paralysis
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 10 September 2020
⏱️ 39 minutes
🧾️ Download transcript
Summary
When faced with making a decision you may find yourself with the inability to act due to overthinking the available alternatives and possible outcomes. This is commonly known as analysis paralysis. When you get analysis paralysis with finances, what often happens is you are so worried about making a mistake that you don't do anything at all. The more money you have, the worse this can be. When you don't make a choice to invest, you are making a choice. You're making a choice to invest in cash. If that is not the decision that you want to make, then you need to fix your paralysis. Leaving money sitting in an account earning close to nothing is not going to give you the same long term returns as investing in stocks, bonds, and real estate. Fixing analysis paralysis with your finances starts with having a written investment plan. We talk in more detail about that in this episode so you have a plan on what to do with your money.
No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor online course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency but never was. Fire Your Financial Advisor also has a version eligible for CME credit. Get your financial life in order today. Go to https://www.whitecoatinvestor.com/courses to sign up. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here is your host, Dr. Jim Dolly. |
| 0:15.0 | This is White Coat Investor Podcast |
| 0:20.0 | Number 175 fixing analysis paralysis. |
| 0:23.8 | Let's see, we're recording this on the 25th of August. |
| 0:26.3 | It's going to run on the 10th of September. |
| 0:28.1 | Welcome back to the show. |
| 0:29.2 | I hope you are finding it helpful. |
| 0:31.3 | We get lots of great feedback on it and thanks to all of you |
| 0:34.0 | leaving us five-star reviews for us. No more waiting through dozens of books at the |
| 0:38.5 | library, scrolling through hundreds of blog posts on dozens of blogs or |
| 0:41.9 | checking in daily with online forums trying to gain a financial |
| 0:44.8 | education the way the hobbyists do. For a fraction of the price of hiring a professional |
| 0:49.2 | financial planner, the Fire Your Financial Advisor online course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. |
| 1:02.0 | This course is the material that should have been taught to you in college, medical school, a residency, but never was. |
| 1:07.0 | Fire your financial advisor also has a version eligible for CME credit. |
| 1:11.0 | Get your financial life in order today. |
| 1:13.2 | Go to whitecoat investor.com slash courses to sign up. |
| 1:17.0 | You can do this and the white code investor can help. |
| 1:20.0 | Thanks to those of you who have been filling out the podcast survey, please, as many of you as possible, |
| 1:24.8 | please fill out the survey. It will help us tailor this content to what you really want. |
... |
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