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Money Guy Show

Why Most People Don’t Invest (And Why They’re Wrong!)

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

🗓️ 25 October 2024

⏱️ 37 minutes

🧾️ Download transcript

Summary

Fear plays a fascinating role in our lives, and our finances are no exception. One common fear that we see all the time that makes us so sad is the fear of investing.

We know that wealth-building is available to everyone. However, so many people are missing out on getting started and investing their dollars because they are scared - or simply don’t understand it.

We’re going to fix that today.

Jump start your journey with our FREE financial resources

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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.

Transcript

Click on a timestamp to play from that location

0:00.0

why most people don't invest and why they're wrong.

0:04.0

I'm going to

0:07.0

Brent, I am so excited to talk about this because I feel like so many people fall

0:16.0

into this trap. There's something that happens. There's something that scares them that causes them not to invest.

0:23.8

But you know what's not scary?

0:26.5

Subscribing to the Money Guy show right now,

0:28.3

make sure you subscribe to our channel

0:29.6

so that you can keep up with all of the information

0:32.2

we're putting out there for you.

0:34.0

I often think it's interesting is the human condition, fear, greed, play just amazing

0:42.0

roles in our lives.

0:43.0

Productive and unproductive.

0:45.0

And I think back, you know, in the past, fear was obviously probably a very powerful thing to keep us away from danger.

0:51.0

I mean, you know, we literally have this fight or flight. So fear was probably when, you know, your hair stands up and you realize all your senses need to be energized and your heart gets pumping, that worked out well.

1:04.1

And fear can even help you now in our modern society,

1:07.8

emergency reserves, because you want to make sure

1:09.8

you have money, you don't make those desperate decisions. It also you know keeps you from going

1:14.8

too crazy into the debt if you if you have a healthy relationship with understanding

1:18.8

the risk that are involved with it but but fear has kept a lot of people from actually really powerful

1:24.8

and good things as well like investing.

1:26.9

Or it can make them make really bad investing decisions like when the markets freak out

1:31.2

and there's a lot of volatility. Fear can cause you to sell everything

...

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