Bucket #1 - Your Growth Bucket

ABOUT THIS EPISODE

On today's episode, Financial expert and Amazon best-selling author John Browning talks about Your Growth Bucket and how this allows you to have more fun in life. Learn more when 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 bestselling 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, welcome back to another great, fun episode of Your podcast. How are you? I am doing well and I'm a pretty excited because we're talking about buckets of money again. We are. We are going to have great time today because, Al Right, so last episode we talked about the four buckets of money...

...and what we decided to do is go into one episode on each bucket, and so today we are going to be talking about bucket number one, is what I'm calling it, and it's the growth bucket. As you talked about. So explain to us the growth bucket. All right, so in your growth bucket, and some people call this their fun bucket, and what I mean by that is, well, you know, a lot of people, not everyone, I know, not everyone to finds fun the same way as maybe I would. But you know, have you ever been on the have you ever been to an amusement park? You like amusement parks? I do. I Love Roller coasters, upside down, twisty storneys. Yeah, exactly so. And what is it about a roller coaster that that makes it fun for some of us, like you and me? Speed and exhilaration and unpredictability, growth and highs and lows, and right, exactly. And but what one thing keeps it from being truly, truly, truly terrifying is the fact...

...that I'm strapped in pretty dog on tight pretty night. So, as scared as I might get, there's a modicum of safety. I'm I am not looking to lose my life here. Right, that's right, and that's kind of the way I think about the growth bucket. It can have some what I call fun securities or businesses in it, and I don't necessarily like to talk about buying securities or buying stocks or bonds. I like to talk about buying good, solid businesses, and this is where you identify those businesses that are going where the puck is going rather than where the puck has already been. So that analogy of at the believe it was Wayne Red Ski that first mentioned that. That's how he played the hockey game, as he didn't focus on where the fucking been, but where it was going. That's what we...

...want for this bucket. So we're looking for very fairly innovative companies don't have too much debt and have a and have some cash flow, have a viable business. That is where the market and the industry are going. So okay, when you think about these things, you may and the way you design what goes into this bucket is you don't necessarily one to purchase all businesses that are in the super exciting like crazy. We're going to Mars, you know, and twenty years maybe it maybe a little bit of those right again, just for fun a little bit. It's all about portion control and this bucket and you know when I get too excited by the hype that's that's involved in a lot of these businesses, and yet you want to have a nice, diversified group of them that are get going where we're likely to see things go...

...into the future and over different sectors and industries as well. Okay, that makes some sense. Well, it does, because you so. So, basically, I would term it you having a balanced portfolio innocence, because otherwise you're on the roller coaster. But you don't. You're not strapped in put all of your eggs in one basket. When it takes that first curve at, you know, eighteen stories high, you're going go and that's not good. That's nice. I think that's what you're talking about, right, that's that's exactly right. Okay, all right, but they're all in what I would call growth industries or opportunities. Right, so you might buy one that's, yea, a rocket ship to Mars, you might buy another one that's a technology coming. You might buy anothermos pharmaceutable. They're all growth oriented. But when the right Yep, that that that's the idea. Okay, all right, and a lot of people would say, Oh, that's your tech funds, but I'm talkinging about if you do this right, you're not just...

...going to have tech you're going to have some other things that are growing in an exciting way as well. Maybe it's healthcare. Yeah, maybe it's in the in the utility sector. Believe it or not, there are some utilities out there that are very cutting edge and could be considered growth. There's there's just a lot more than just tech, although the lines are becoming blurred, as we talked about artificial technology and all that and how that sort of factors into some of these industries that you wouldn't normally think of being tech. Yeah, but it's not all about tech. It's not. It's a it's really consumers and how they operate and what what's coming to the table to help them at the end of the day. Right, it's rights. Healthcare is going to be a big one, because there are a lot of us getting old and we're some stuff. So, yeah, and we're getting old here,...

...we're getting getting her because of some of that some of that healthcare stuff. Right. Yeah, absolutely longer. Yeah. Well, and even, and we're not talking about this, but another medical devices. Right, I talked to somebody the other day and they have this new like hip replacement device thing that it's almost outpatient surgery now, and you're better in like four days. I mean it's like what. What that? That would be a growth industry type thing to go lots people need right. So it's it's look having somebody like John who understands this, this whole thing. It reminds me too, when you were kid. Do you remember looking through like the sears catalog right before Christmas and all that adds been a while, but yes, clean and dog gearing and taking it to your parents and thinking this is what it right. That's kind of what I see you doing it, because when people come to you, this is the picture I have done that, you pull out your investment catalog and you're like, okay, I'm going to turn into the growth section and you have page after page after page of all these different companies. But the consumer really it would take us years to figure all that out.

But because you are who you are and what you do, you have this catalog per se of these different companies and, based on your clients desires, their portfolio or their life, you know which ones fit your client seeing to well, here are five that I think we need to look at, and now we're going to write something. That's just the picture that came to me this sears canal. That's right. Okay, there goes my larn. Yeah, well, yeah, I love by alarms. So having a good growth bucket is important because that's really where your money is going to grow so that you can have some fun in life. But we're not going to leave the money there necessariist. Some of it stays there, I assuam Wont From and then you kind of skim off the profits and put those somewhere else. That we'll talk about in another is that how it works? That's the idea and that is where and well, I want to endo this one with this very, very important tip for especially for the doityourselfers, but for everyone,...

...and this is that once as once a company grows to a certain level and it becomes a certain proportion of your portfolio, it's about portion control, the idea of not necessarily selling or getting rid of the investment a hundred percent, but taking some of those profits off and putting them in a different place, maybe a safer place. That's what managing your money appropriately is all about, and I would say the vast majority, even professional money managers, have trouble doing because they look all well, it's always going to go off. Yeah, always. No, no, no, no, that is not true. That's right, that's right, and that's why working with somebody like you, John, is really important, because you have that unbiased perspective. You understand your clients, you understand what's going on and you can you can make educated choices of Whin to skim the fun them off the top, or whatever...

...they analogy is of saying, you know, we're growing, let's take some profits, let's let it grow, let's take some let's manage the Port I love portion control. That's a really good analogy. But let's keep it balanced so that we can design your portfolio to fund your life. And, Oh, by the way, there are some other buckets that we can use this money to put into. So let's talk about those buckets in the coming day. So this was all about bucket number one, which is growth through growth bucket, and in the next coming episode we're going to talk about the bucket number two, which I find memory serves. That was income. And going by yeah, incomes a good thing. So, John, thank you. You can always obviously reach out to John at Guardian rockwealthcom ask for a copy of his number one Amazon best selling book build a life, not a portfolio, because that's really what he wants you to do. Use Your portfolio to fund your life, to give you the life of your dreams, so that you can have a lot of fun, because you got to buck that number one. All right, we'll talk soon, John Browning. Thank you so...

...much, sir. All right, thanks so much. We'll see you next time. Money really is a big part of our life, 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 Emilio a free copy of his book build a life, not a portfolio. Go to John's website, Guardian rockwealthcom, and click the contact US link and send your request. John Will Mell a copy of his book write 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 its 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.

In-Stream Audio Search

NEW

Search across all episodes within this podcast

Episodes (130)