Automotive Analogies (Roadmap, Speedometer, rear view mirror, wheels touch the ground, gas pedal, brake)

ABOUT THIS EPISODE

Looking at a map can inform a lot about your retiremtent. In order to build a roadmap for your life you need to know a few things. Knowing where you're going is primary. Once you have your destination, it's time to accelrate, but you don't want to lose control. Listen to financial expert, John Browning, as he shares multiple automotive analogies that can help you build a life that's right for you. Connect with John by texting "LIFE" to 21000 or GuardianRockWealth.com.

Welcome to the build your life podcastwith John Browning. Build your life as a relaxed and unedited conversation with financialexpert and number one Amazon best selling author, John Browning Jones, the founder ofGuardian Rock Wealth and serves clients across the United States. John's the authorof the book build a life, not a portfolio, a guide to yourfinancial future based on your personal values, which you can purchase on Amazon,or stay around to the end of today's show and I'll tell you how toget a free copy mailed right to your door. I'm Michael The lawn,your host for the next few minutes as we chat with financial expert and businessowner John Browning. Well, John Browning, how are you, my friend?Fantastic. Today it's beautiful weather. It started a little rainy but thenjust turned out beautiful, which happens down here where I am right now.Well, that's kind of what I was thinking, because you you have achanged low cows on us one once once again, and where you live nowdoes have rain almost every day, for a few minutes anyway. So wewant to talk a little bit about well, today we're talking about some weird things, even though this is kind of a financial show where we don't givefinancial counsel, right, that's right, not financial advice here. Yeah,but what we what we do talk about is, you know, financial planning, building a life, not just a financial portfolio. You know, becausewhen you do that properly, John, you can move when you need towrite and you had an opportunity in the last few weeks to actually physically moveto a new location, and part of that's because you've built a life,not just a portfolio. What you help other people do. But share withus a little bit about that move. And we're on to talk today aboutsome automotive aspects of financial planning. But before we get to that, talkto us about what line the where were you? Where are you now,and why did you move? We're in the world is John Brown? That'sbecause great, I can see the puzzle...

...in now. That's right. Well, we've we've moved all over the place in the last sole say, twentyfour months, and that's after spending about twenty eight years in the same housein just outside of Chicago and Illinois, and so we moved to Hawaii tospent ten months there and then we moved to North Carolina and we spent severalmonths there and then just recently moved down here to Boynton Beach, Florida.For those of you who know where that is, it's on the East Coastand and the whole point for me and me and my best life right isis to be able to be where I want to be. We is whomI want to be with, doing what I want to do. And inBoynton beach I just had my very first grand baby and they're located right herenext to Boynton beach. So when my wife heard that she was going tohave a grand baby, she said, honey, guess where we're moving?That's right, and I had to agree with her on that. So right, was doubt. That was kind of the reason that I'm here. ButI can do that because I planned a long time ago and put the stepsin place so that I could have a life and a and a job,frankly, where I can be anywhere and and still perform that. So right, that's awesome. And and to get from you were in like North Carolina, to get from North Carolina to Boynton Beach? Yeah, you in theold days we would use one of those road maps, remember the road mapsthat you to fold out huge things that took up the whole windshield and youspread them out on the hood of your car first, that's right. Andthen you had to actually kind of remember where all your turns were. Ayeah, that a glance at it.

But it was like you talked aboutnot texting and driving, and there was no audio saying, you know,you missed your turn, or your turns coming up, you know your exitis in, you know, one mile. There was none of that. Right, that was called. The wife had a great story about that one, but we won't get into that this time. But that's right. Yeah, I remember highlighting the map. Yeah, I was in the back that wasdriving, highlighting the map so I wouldn't miss anything. Yeah, yeah, we did that. That is so. That's good. So you used roadmap of some nature, maybe a GPS, I don't know, toget from North Carolina down to Boyton beach. But what I want to talk aboutis some automotive analogies, I think, as it relates to financial plannings,financial investing. I know you have a ton of them. We maynot get through all of them, but let's talk about road maps and thedometers and review mirrors. What, what kind of fun automotive analogies, andthis is will be great for me. I don't know if you know this, but years ago I was an auto mechanic. Okay, yeah, thesewere the hands of Mr Goodrench, remember that commercial? Yeah, that wasme. And so automotive and may we go way back. So I'm interestedin intrigued about automotive analogies as it relates to financial investing. Talk to usabout this. Yeah, I'm a bit of a gear head to as youknow, and I love cars and anything with a motor. But yeah,I do. I tend to think of the world in those terms and makethose analogies, and the first one being the road map, because what wereally do, rather than starting where a lot of financial adviser start with youknow, how much money do you have, and and figuring out the math ofeverything thing, we really think it's important to talk about what you want. I'm not talking about what you need, but what do you want your bestlife to be? And that's kind of the first thing that you dowhen one of the first two things that you do when you look at amap is number one, you want to know where you're going, but youalso need to know where you are.

That's pretty important to it's first thingyou see when you go into the mall, which nobody does that anymore, Iguess, but going to them all and you are here right and andthen you can figure out where you want to go from there. But wetalk about building a road map for your best life, but first you gotto figure out what is that best life for you. And most people,I'm talking about most like they've actually done studies, like multiple studies, thatshow that's seventy five percent of mayor Americans have no financial plan. Don't evenreally know what their number is, what they would even need. So theydon't know where they're going. Maybe they're throwing some money in a four Kor maybe in into an IRA and but they don't really know why. Iwant to retire some day. Well, what does that be? So wetalked about first knowing where you're going and then building that road map. Sothat's the first kind of bottom mot of analogy. I like that. Ilike no one where you're going. That kind of rhymes. When you dothat, you know you got to be no one where you're going. Ifyou're gone at we'll figure out the rest of that poem. But anyway,yeah, so, mad yeah, here, yeah, where's where you starting from? Where do you want to go to get have the road map.And then what's next? You know, there's there's all sorts of things withthe car. So I think about you know what I'm talking about the economy. When I'm talking about like recently we've really stepped on that accelerator right,because we have printed about twenty five percent of the US dollars ever printed inall of history have happened in the last twenty four months. Think about thatfor just a minute. Say That again. Say That twenty two about quarter ofall the US dollars ever created by the government have been created in justthe last eighteen to twenty four months.

Wow. Now what happens when youpress on the accelerator? If you're in a like a call the Corbatte andyou slam the accelerator, what happens? Yeah, you go back words andit goes forward. Or I'll tell you what happened with my Corvat, becausethis is back when they didn't have that perfect ratio. It goes in acircle and no body traction on that one. Buddy. That's right, because Ihad an old Corbat and and what tends to happen is things happen soquickly. If you're in one of those fast cars and you just mash down, yeah, is it, you tend to get out of control really,really quick control. And that's what we are worried about a bit right now, is that we've stepped on that accelerator of the economy so hard so fastthat we're really concerned about inflation getting things out of control. I don't knowif that's what's going to happen or if they might step on the break ofthe economy a little bit, tap the brakes a bit to get back undercontrol, which means that they would take out some of what they call liquidityfrom the system, which would be like stopping printing that money as quickly asthey have before with these stimulus programs. Right and all that, they maydo that, but it looks like they're even keep stuffing on the gas becausethey have a another stimulus program that's just about through all the house and sentin all that kind of stuff. So you don't know, so all right. So that all right. We got to come back to that, becausethat's news to me and we need to we need to do a discussion onif that actually goes through another stimulus package, what type of effects could that haveon somebody's financial playing, somebody's retirement? What are so what are some ofthose implications that might happen if this continues, because you can't just keepaccelerating. You're going to run out of gas. Something's going to happen eventually. I want to do here on that. I want to talk about that isand I'm just going to in our...

...notes. I'm just going to talkabout third stimulus package. Yeah, and it's just like anything else with itsphysics. Right, the economy and Physics have a lot in common, then, and physics in and driving a car kind of have a lot in commonas well. Right, you have people adopts, the reaction. You Marshon that accelerator, you put power of the wheels and something's going to happen, and how fast that happened and how fast you can react to that cancan cause you to go out of control, and it then you may have toadjust your plan. Yeah, because of what's happening all around you.All right, we got so many more shows to do now, John.We just have all sorts of things, right, we do because stimulus moneycoming in. Everybody loves that, but if in flacing goes up, it'sgoing to take our buying power away from the money we just got, andthat's could really impact how I plan for retirement. There's another whole show thatI want to do because it's just it's so current and if we don't understandit, because most of us are not financial experts like you, it getsvery complex and very complicated and you get a great way of just simplifying thingswith gas petals and break petals and turn signals. But it's I think it'sreally, really important for us to understand that there are effects to stimulus money. It's gotten. When I was a mechanic, doctor would bring his corvetteand he had a suped up right. There was one mechanic who would workon and this I mean souped up, had nitrous oxide. Yeah, Dennison, Right, oh my, and that thing get out of control real fast, right, yeah, but that's kind of what stimus money can do toan economy. If you just pump it in there, it could really causethem some bad thing. It could be really a fun ride. But soI want to I want to do a show about that as well, becauseyou're just stimulant. They're stimulating my thought process about how what do we needto know about this? And in your...

...look, you're the guy to answerit. So, anyway, back to the automotive gas break, Pedal Acceleration, spinning, corvettes, all that kind of fun thing. Corvettes of allthat. You know. The other analogy that I there's two other analogies.One is this phenomenter and what's on your dashboard. If you're not paying attentionto your speed, you might get a ticket. If you're not paying attentionto your gas gage, you might run out of gas be stuck on theside of the road. And you don't yeah, if you don't want ifyou don't pay attention to the the heat gage and and all that's all thatinformation that's on your dashboard. And you know what, I would say thatmost people don't even have a financial dashboard. They have no idea of how fastthey're going, why they're going that fast or that slow, and they'renot not even getting the information that they need to make those decisions. Sothat's part of what we do here at Guardian Rock is we show them thedash for they see that at least once a quarter, if not more,and if they don't quite understand what they're seeing, we're able to explain thatto him and we're able to make adjustments, because every plan surviving. Like,Oh, what was the fighter who said all plans go out the windowwith the first punch? Was At Muhammad? I all the ear only, orMike Tyson, Wan, the Guy Tyson, when one of the otheralbum said that was a great, great truth there. Yes, right,if you have to adjust that plan, that that road map has to be, there's going to be a detour at some point and you need to knowwhat your plan is for that. But then the other thing that I liketo talk about is what is probably the most boring part of a car,but yet it maybe one of the most important parts. I would say Sylt, I don't know, see felts close right, you need to have somesafety equipment in there. But what's what is the the one thing that actuallytouches the ground, the only thing that actually touches the ground in your car? On my seventy three bang it was...

...the muffler. But I think aboutbut somethings that touch the about the tires? Oh yeah, there were. Ifthere's been a few things that I've drug on the some way old cars. But yeah, it's that's hired and and people don't you know, thoseare boring, right, unless your car guide, then I can make themexciting. But but if, first of all, it's the only thing touching. So and it's your safety thing, right, if you have ball tires, very dangerous, right. You can have a blowout, you could hiderplane in the in the in the rain, you could slip on the ice,whatever it is, and and having good tires is really important. Buta lot of people neglect that. And what I say that, you know, the tires on a financial plan are really your liquidity. So what's actuallyhappening right now and in the next, say, six to twelve months,and whereas it used to be? Again, things have changed. They used tobe well, you just have cash, have it in Money Market Fund.Well, now, as inflation is running hot and high and money marketfunds are paying you roughly half a percent or even less, you may wantto consider some other alternatives to that strictly all cash plan that you have there. Yeah, in attention to the tires your financial plan very important. What'shappening right now and in the next six to twelve months. Yeah, that'sgood, because putting your money all in a market, money market, let'ssay right now there's running a half percent, is like having a great set ofbuyers that has a slow leak in it there. Yes, money right. Yeah, it's no, you need to make sure that leak is fixed. I always had tires that leaked around the rim. Those are the hardestones to find right. Yeah, sorry, but that's kind of what having yourmoney in a money market as you see it, and you may noteven see it's going down, but inflations...

...eating away at it, and sothere are some other things you could do with your money. That's why Ireached out to John at Guardian rockwealth. Is a great idea to do,and you can no matter where he's living, because he bounces round. He's verynomadic, but he's he's very smart in all of this financial planning stuff. So reach out to Him Guardian Rock WELLCOM. You can get a copyof his Amazon best selling buck. You can have a conversation with him andif you can bring one of those matchbox cars to the table while you're talkingto him, that's just a bonus because I record John played with match boxeswhen he was a kid, because I know ideas. Yes, I did, hours spent in the store. Mom. Can I know? Sorry, thatcould be a hunt, that could be a whole news. And youhave grandchildren, grand baby, granddaughter? Why? I mean grand son,Grando. What? I had two grand babies, one one day and onethe next day. One was a boy, when was a girl? From twins? No, they were not twins. No, Kay, you daughters.Both of them had babies right on the same week. Yeah, crazyas that. Yeah, I actually a long time ago knewest out of twinsthat were born on different days, because it was one fifty nine one dayand well, three the next day. They were twins with dirent birthdays.Is like what? Yeah, they don't have to share a birthday. Therethey don't. Now my daughter and I are twins. I don't know ifyou know that or not, because we share the same birthday. Wow,couple years apart, but I always say hey, tin. She's like yeah, no, Dad Jokes. She doesn't get it. Anyway. Who wouldhave fought that? There are that many automotive analogies and I'm sure we're justscratching the surface, because I haven't even got into carburetors and spark plugs andthings, if that's true. So, but that's for another day. Sowe're going to wrap this one up and come back in the next few weekswith some power packed messages around your financial plan and how can you build alife and not just a portfolio, talking with financial expert, Amazon best sellingauthor John Brownie. And you know what,...

...they can also make it real easy. If they text the word life to twenty one tho, they'll allmy links and they'll have the ability to just download all my information and getin touch with me when they would like. So I can just take my phoneand text, yeah, what up, you're texting thing and twenty one tho, Yep, and type in the word life, in the word life, Yep, check it out. All right, right, I like thatidea. All right, buddy, will see you next time. All right, we'll talk to you soon. Money really is a big part of ourlives and John Browning can help you and your family learn how to keep moneyin the proper perspective. It's important, but it's only a tool that canhelp you build the life that you want. If you like, John Emeil youa free copy of his book build a life, not a portfolio.Go to John's website, Guardian Rock wealthcom, and click the contact to US linkand send your request. John Will Mell a copy of his book rightto your door absolutely free. Thanks for listening to building your life podcast withJohn Browning. Be Sure to subscribe to this podcast so each new episode willbe sent to you automagically when it's released. Have a terrific day. Nothing inthis podcast should be construed as personal investment advice and past performance is noguarantee of future results. Investing is not appropriate for everyone. There is arisk of loss associated with investing in the markets. No representation or implication isbeing made that using any methodology or system will generate profits or insure freedom fromlosses. Please remember that investing carries risk. Guardian Rock Wealth LLC and it's affiliatesare fiduciary investment advisors. Please consult with US or another experienced qualified investmentadvisor before making any investment decisions and or trying to implement any of the strategiesand tactics we may discuss in any of our publications or podcasts.

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