I don’t have enough money to use a financial advisor - it'd be a waste of their time.

ABOUT THIS EPISODE

Regardless of how much, or little, money you have, when is the right time to talk with a financial advisor? Listen today and John will give you that answer.

Welcome to the build your life podcast with John Brownie. Build your life as a relaxed and unedited conversation with financial expert John Browning. John's the founder of Guardian Rock Wealth, with offices in Hawaii, Colorado and Illinois. John's also 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 freak copy mild right to your door. I'm Michael Dlan, your host for the next few minutes as we chat with financial expert, business owner and author John Browning. Well, welcome back, John Browning, to your podcast. Is this week treating you as good as last week? Did you know what it is? I have no major issues this week and we've had some good things happened, so we're excited. That's awesome. So you going back to last week, the last episode we did, you moved from a good week to a great week, so this is awesome. I'm...

...looking forward to because I was a great episode. If you miss last episode, you need to go back and check it out. We were talking about how to differing a good portfolio to a great one. And how do you do that? A good plan. But today, John, I want to talk about those people who might not maybe even have a plan because they're sitting in that position that the many of us have been in before, to say I just don't have enough money to use a financial advisor. John, it'd be a waste of your time to even talk with me. I just maybe someday I'll get there. What do you say to somebody like that who doesn't think they have enough assets or money or cashal or whatever to even reach out and have that first conversation with you? Well, that always concerns me and and it makes me a little sad actually, because one of the reasons that I that I that I stopped working on Big Wall Street was so that I could, I could truly help people who need this advice. And there's nobody who needs advice more than somebody who doesn't yet had that big MESSTAGG. Of...

...course, as it gets bigger it be, does become more and more important that you have a good, solid plan in place. And and can we add more value the more assets that you have? Yes, but these days and with the technology available and the way cost of come down. There's a lot available for the investor who's really just getting started and I want to get that mess a job because while a lot of the larger firms will not talk to you or they'll send you to the big call center something like that if you've got under a fairly big number of assets. That's not what I wanted Guardian rock well health to be. I wanted to be able to talk to those are just starting out and really our ideal client is not necessarily the one with, you know, a hundred million dollars or something like that. It's really somebody who is dedicated to consistently following a plan and building their wealth over...

...time, because that's building their life. Thence my whole thing. Right, build you like block and as a matter of fact, I recently did what I called a threeday challenge for those folks especially. I'm thinking you know that College Age, right out of college, threeday seminar. If somebody WHO's listening to this wants a copy that, just reach out to me through the Guardian Rock wealthcom website. It's contact US asked for. Hey, I heard you did this threeday challenge. I will send you all the links, all the videos you can watch. Those give some great ideas for people who don't even have any money and they're trying to find that diamond, the in the you know, bottom underneath the car, Car Mat Right, Yep, and just the piece things together be getting their life and if you start right you can do so much and with that. So yeah, it's it was just called...

...it was a challenge of we had what I called a man jic money making triangles, and they're not actually magic, but it's just ideas, three pointed ideas for how to find money in your financial life to whether that's to pay down debts and work on your credit score or to start investing a little bit at a time. Because, when thing's for sure, if you never start, you're never going to get anywhere. Right, and man on that. Sorry, you just you. We're going to do a whole episode on the Magic Money Making Triangle. That's awesome. I can't wait now. But the so so again, it's not how much somebody has that determines whether or not they should work with your reach out and have a conversation. It's really their idea of I really want and know I need a financial plan, because I do want my kids to go to college, or I do want to have some money for retirement, or I I do want something. What are the...

John One of the basic, fundamental foundation things. That's that's it's a philosophy in a mindset more than how many answers do you have? That's probably not the first question you ask somebody. I'm guessing right. No, now goes. Not the first actual yeah, it could, because again, we talked about, you know, building your life. So where do you what does money mean to you, as our actual first quest as the first question we ask everywhere. What does money to you? And Bet after that, as you know, why from here? But the you know, the key thing is if, and we talked about you know, what does it what does it cost not to have a financial advisor, especially when you're starting off? And one of the examples that I give to people who are wondering why bother with financial advice? Right, I can do this. It's there's all kinds of APPs out there. You can do that, do it on your own.

And this is example that I give is that now, if you're old like me, you remember this fun called the Magellan Fund, and it was a fantastic. Peter Lynch ran it the guru. He was fantastic, right. He had returns, I think it was like twenty seven percent per years. Crazy. He was wonderful, right. But you want to know what the average investor in Magellan actually made? Yeah, seven percent, not twenty seven. And want to why? Yeah, they bought high. And so, although it's in our nature, right, especially if we don't do this every day. If you're a teacher, a plumber, electrician, would you name the profession? It's not what you do every day. And what do you do? First of all, it goes off and it goes up and it goes up and you have Fomo, you that fear of missing out, and so you keep buying and you keep buying and you don't sell. You don't sell, and suddenly you're the mark of one. The one thing I...

...will to tell you is that at some point the market will decline, and then when it declines, you get scared and so you pull it out. You pull it out at the wrong time. You keep pull them out, pull them up. All know I'm going to lose all my money, and you don't say in I always tell people they find it just too painful to take profits up at the top and they find it too painful to hold on when things are going down. Well, there's a balance, right. It's like, yeah, if anybody's ever work with the martial arts or with dancing or with with anything sports related, really how important is balanced? Well, it's it's this get that seemed importance when it comes to investing. But you don't just wake up one day as an expert in karate or or an expert in any kind of sport. Right, it takes practice and here's experience.

So a lot of the value of financial advisor is just helping you know when and actually taking those profits, because, I say, you never go broke by taking a profit, but maybe not taken too much of that profit, right, letting it ride. But it's there's a fine tuning that you do as a financial advisor that if you don't do it every day and if you're an expert in a different field, which I respect all those fields. I love watching those shows. You know, the how it's made show, and what was the show where they showed all the different professions of people that work hard every day? I can't remember the name of it, but I love watching those I have great respect for those folks. What I do every day is, you know, I will I learn the markets, I understand the economy and I've done it for they're almost thirty years now. So that's the value of having somebody in your corner. Yeah, we had a little audio drop out there, so if people miss that and they can go back and...

...read the transcript if it's there, or just just reach out to John. Don't worry about listening to just reach out to John, because there's there's a lot there. And, as I was just sitting here thinking about it and taking notes in my head of going there is, you know, when is the right time to reach out and talk to somebody like John About your financial plan? Is there, ever, not a good time? Right if you're just starting out, or if you're midlife or if you're ready to retire? John, what do you think? Is there are bad time? There's really no bad time, not not for me. You know, if you know, if you want to be if you want to participate in the big box with the bigger firms, you know they're going to require, you know, a half million dollars or something like that, but it's not really are that's not really our mission. Our mission is to help everybody that we possibly can, and that means from the very beginning and as things change throughout your life. Yeah, well, that's good and I'll just I'll just use that as a springboard to encourage our listeners to reach out to John Guarding rock well thotcom...

...and just have that conversation where if you have tenzero or ten million dollars, it doesn't matter. Reach out and have the conversation because you, everybody has to build a life and you build your life based on the money that you have, not the money that you're going to have, and John will help you with both, really, but you got you got to take the time to say, Hey, I want a conversation, here's what's going on, here's what I think. Listen to John and just see if it's a good fit. That's the first conversation. Is this even a good fit relationally? Let him ask you a few questions, point in the right directions, ask her that threeday workshop challenge thing he mentioned and begin the relationship. But don't, don't not call John. How about that? Can you use a double negative like that? Is that okay? How it was? Okay, there you well, I won't not do that anymore. How about that? Perfect? So reach out and reach out to John, have a conversation and stop worrying about it, because you don't want to find yourself on in either of...

...those ditches of being fearful of taking taking profits or fearful of having losses. You want somebody like John on your team, so reach out to him. There's never a bad time to reach out to John Browning. So Guardian rockwealthcom and you'll be in very good hands. So, John, thanks again. It's a great episode. Look forward to chatting with you next time. Sounds good. We'll see you next time. 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 Emilie 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 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.

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