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 podcast with John Browning. Build your life as a relaxed and unedited conversation with financial expert and number one Amazon best selling author, John Browning Jones, the founder of Guardian Rock Wealth and serves clients across the United States. John's the author of the book build a life, not a portfolio, a guide to your financial 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 to get 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 business owner John Browning. Well, John Browning, how are you, my friend? Fantastic. Today it's beautiful weather. It started a little rainy but then just 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 a changed low cows on us one once once again, and where you live now does have rain almost every day, for a few minutes anyway. So we want 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 give financial 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, because when you do that properly, John, you can move when you need to write and you had an opportunity in the last few weeks to actually physically move to 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 with us a little bit about that move. And we're on to talk today about some automotive aspects of financial planning. But before we get to that, talk to 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's because 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, twenty four months, and that's after spending about twenty eight years in the same house in just outside of Chicago and Illinois, and so we moved to Hawaii to spent ten months there and then we moved to North Carolina and we spent several months 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 Coast and and the whole point for me and me and my best life right is is to be able to be where I want to be. We is whom I want to be with, doing what I want to do. And in Boynton beach I just had my very first grand baby and they're located right here next to Boynton beach. So when my wife heard that she was going to have 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. But I can do that because I planned a long time ago and put the steps in 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 the old days we would use one of those road maps, remember the road maps that you to fold out huge things that took up the whole windshield and you spread them out on the hood of your car first, that's right. And then you had to actually kind of remember where all your turns were. A yeah, that a glance at it.

But it was like you talked about not texting and driving, and there was no audio saying, you know, you missed your turn, or your turns coming up, you know your exit is 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 was driving, highlighting the map so I wouldn't miss anything. Yeah, yeah, we did that. That is so. That's good. So you used road map of some nature, maybe a GPS, I don't know, to get from North Carolina down to Boyton beach. But what I want to talk about is some automotive analogies, I think, as it relates to financial plannings, financial investing. I know you have a ton of them. We may not get through all of them, but let's talk about road maps and the dometers and review mirrors. What, what kind of fun automotive analogies, and this is will be great for me. I don't know if you know this, but years ago I was an auto mechanic. Okay, yeah, these were the hands of Mr Goodrench, remember that commercial? Yeah, that was me. And so automotive and may we go way back. So I'm interested in intrigued about automotive analogies as it relates to financial investing. Talk to us about this. Yeah, I'm a bit of a gear head to as you know, and I love cars and anything with a motor. But yeah, I do. I tend to think of the world in those terms and make those analogies, and the first one being the road map, because what we really do, rather than starting where a lot of financial adviser start with you know, how much money do you have, and and figuring out the math of everything 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 best life to be? And that's kind of the first thing that you do when one of the first two things that you do when you look at a map is number one, you want to know where you're going, but you also need to know where you are.

That's pretty important to it's first thing you see when you go into the mall, which nobody does that anymore, I guess, but going to them all and you are here right and and then you can figure out where you want to go from there. But we talk about building a road map for your best life, but first you got to 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, that show that's seventy five percent of mayor Americans have no financial plan. Don't even really know what their number is, what they would even need. So they don't know where they're going. Maybe they're throwing some money in a four K or maybe in into an IRA and but they don't really know why. I want to retire some day. Well, what does that be? So we talked about first knowing where you're going and then building that road map. So that's the first kind of bottom mot of analogy. I like that. I like no one where you're going. That kind of rhymes. When you do that, you know you got to be no one where you're going. If you'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 with the 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 in all of history have happened in the last twenty four months. Think about that for just a minute. Say That again. Say That twenty two about quarter of all the US dollars ever created by the government have been created in just the last eighteen to twenty four months.

Wow. Now what happens when you press on the accelerator? If you're in a like a call the Corbatte and you slam the accelerator, what happens? Yeah, you go back words and it goes forward. Or I'll tell you what happened with my Corvat, because this is back when they didn't have that perfect ratio. It goes in a circle and no body traction on that one. Buddy. That's right, because I had an old Corbat and and what tends to happen is things happen so quickly. 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 fast that we're really concerned about inflation getting things out of control. I don't know if that's what's going to happen or if they might step on the break of the economy a little bit, tap the brakes a bit to get back under control, which means that they would take out some of what they call liquidity from the system, which would be like stopping printing that money as quickly as they have before with these stimulus programs. Right and all that, they may do that, but it looks like they're even keep stuffing on the gas because they have a another stimulus program that's just about through all the house and sent in all that kind of stuff. So you don't know, so all right. So that all right. We got to come back to that, because that's news to me and we need to we need to do a discussion on if that actually goes through another stimulus package, what type of effects could that have on somebody's financial playing, somebody's retirement? What are so what are some of those implications that might happen if this continues, because you can't just keep accelerating. 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 is and I'm just going to in our...

...notes. I'm just going to talk about third stimulus package. Yeah, and it's just like anything else with its physics. Right, the economy and Physics have a lot in common, then, and physics in and driving a car kind of have a lot in common as well. Right, you have people adopts, the reaction. You Marsh on 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 can can cause you to go out of control, and it then you may have to adjust 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 money coming in. Everybody loves that, but if in flacing goes up, it's going to take our buying power away from the money we just got, and that's could really impact how I plan for retirement. There's another whole show that I want to do because it's just it's so current and if we don't understand it, because most of us are not financial experts like you, it gets very complex and very complicated and you get a great way of just simplifying things with gas petals and break petals and turn signals. But it's I think it's really, 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 corvette and he had a suped up right. There was one mechanic who would work on 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 to an economy. If you just pump it in there, it could really cause them some bad thing. It could be really a fun ride. But so I want to I want to do a show about that as well, because you're just stimulant. They're stimulating my thought process about how what do we need to know about this? And in your...

...look, you're the guy to answer it. So, anyway, back to the automotive gas break, Pedal Acceleration, spinning, corvettes, all that kind of fun thing. Corvettes of all that. 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 attention to your speed, you might get a ticket. If you're not paying attention to your gas gage, you might run out of gas be stuck on the side of the road. And you don't yeah, if you don't want if you don't pay attention to the the heat gage and and all that's all that information that's on your dashboard. And you know what, I would say that most people don't even have a financial dashboard. They have no idea of how fast they're going, why they're going that fast or that slow, and they're not not even getting the information that they need to make those decisions. So that's part of what we do here at Guardian Rock is we show them the dash 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 that to 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 window with the first punch? Was At Muhammad? I all the ear only, or Mike Tyson, Wan, the Guy Tyson, when one of the other album 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 know what your plan is for that. But then the other thing that I like to 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 some safety equipment in there. But what's what is the the one thing that actually touches 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 about but somethings that touch the about the tires? Oh yeah, there were. If there'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, those are boring, right, unless your car guide, then I can make them exciting. 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 hider plane in the in the in the rain, you could slip on the ice, whatever it is, and and having good tires is really important. But a 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 actually happening right now and in the next, say, six to twelve months, and whereas it used to be? Again, things have changed. They used to be well, you just have cash, have it in Money Market Fund. Well, now, as inflation is running hot and high and money market funds are paying you roughly half a percent or even less, you may want to 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's happening right now and in the next six to twelve months. Yeah, that's good, because putting your money all in a market, money market, let's say right now there's running a half percent, is like having a great set of buyers 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 hardest ones to find right. Yeah, sorry, but that's kind of what having your money in a money market as you see it, and you may not even see it's going down, but inflations...

...eating away at it, and so there are some other things you could do with your money. That's why I reached 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 very nomadic, 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 copy of his Amazon best selling buck. You can have a conversation with him and if you can bring one of those matchbox cars to the table while you're talking to him, that's just a bonus because I record John played with match boxes when he was a kid, because I know ideas. Yes, I did, hours spent in the store. Mom. Can I know? Sorry, that could be a hunt, that could be a whole news. And you have grandchildren, grand baby, granddaughter? Why? I mean grand son, Grando. What? I had two grand babies, one one day and one the 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, crazy as that. Yeah, I actually a long time ago knewest out of twins that were born on different days, because it was one fifty nine one day and well, three the next day. They were twins with dirent birthdays. Is like what? Yeah, they don't have to share a birthday. There they don't. Now my daughter and I are twins. I don't know if you 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 would have fought that? There are that many automotive analogies and I'm sure we're just scratching the surface, because I haven't even got into carburetors and spark plugs and things, if that's true. So, but that's for another day. So we're going to wrap this one up and come back in the next few weeks with some power packed messages around your financial plan and how can you build a life and not just a portfolio, talking with financial expert, Amazon best selling author 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 all my links and they'll have the ability to just download all my information and get in touch with me when they would like. So I can just take my phone and 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 that idea. All right, buddy, will see you next time. All right, we'll talk to you soon. Money really is a big part of our lives and John Browning can help you and your family learn how to keep money in the proper perspective. It's important, but it's only a tool that can help you build the life that you want. If you like, John Emeil you a 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 link and send your request. John Will Mell a copy of his book right to your door absolutely free. Thanks for listening to building your life podcast with John Browning. Be Sure to subscribe to this podcast so each new episode will be sent to you automagically when it's released. Have a terrific day. Nothing in this podcast should be construed as personal investment advice and past performance is no guarantee of future results. Investing is not appropriate for everyone. There is a risk of loss associated with investing in the markets. No representation or implication is being made that using any methodology or system will generate profits or insure freedom from losses. Please remember that investing carries risk. Guardian Rock Wealth LLC and it's affiliates are fiduciary investment advisors. Please consult with US or another experienced qualified investment advisor before making any investment decisions and or trying to implement any of the strategies and tactics we may discuss in any of our publications or podcasts.

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