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 podgastwith John Brownie, build your life as a relaxed and unedited conversation withfinancial expert, John Browning John's the founder of Guardian Rock Wealthwith offices in Hawaii, Colorado and Illinois Johns. Also, the author of thebook build a life, not a portfolio, a guide to your financial future based onyour personal values, whath you can purchase on Amazon or stay around tothe end of today's show and I'll tell you how to get a Frea copy meld rightto your door. I Michel Delan your host for the next few minutes as we chatwith financial expert business owner and author John Browning. Well Welcome Back Down Browning to yourpodcast. Is this week treating you as good as last week? Cin, you know whatit is. I have no major issues this week and we've had some good things happen.So we're excited bat son, so you going back to last week the last episode wedid. You moved from a good week to a...

...great week, so this is awesome, I'mlooking forward to, because that was a great episode. If you miss last episode,you need to go back and check it out. We were talking about how to difter ina good portfoleo to a great one, and how do you do that? A good plan, buttoday, John, I want to talk about those people who might not maybe even have aplan, because they're sitting in that position that that many of us have beenin 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 thinkthey have enough assets or money or cashful or whatever, to even reach outand 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 thatI that I stopped working on Big Wall Street was so that I could. I couldtruly help people who need this advice and there's nobody who needs advicemore than somebody who doesn't yet have...

...that big nest. EG, of course, as itgets bigger, it bedoes 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 youhave yes, but these days and with the technology available and the way costshave come down, there's a lot afailable for the investor, who's really justgetting started, and I want to get that message op, because wile, a lot of the larger firms will not talk to you orthey'll, send you to the big call center or something like that. If yougot under a fairly big number of assets, that's not what I wanto Gardyand rockwealth to the I wanted to be able to talk to those are just starting out andreally our ideal client is not necessarily the one with you know, a hundred million dollars or somethinglike that. It's really somebody who is dedicated to consistintly following aplan and building their wealth over...

...time, because that's building theirlife Vince my wole thing right, fil, you like buck and, as matter of fact, I recently did whatI calld a three day challenge for those folks, especially I'm thinking. Youknow that college age right out of college three days, seminar, ifsomebody O's listening to this once a copy that just reach out to me throughthe Guardian Rock wealthcom website. It's contact us ask for hat. I heardyou did this three day challenge. I will send you all the links, all thevideos you can watch those give some great ideas for people who don't evenhave any money and they're trying to find that Diam in the in the you knowbottom, underneath the car car mat right, Yep and piece things together, beginning theirlife, and if you start right, you can do so much and with that so yeah it's, it was just called. It was achallenge of. We had...

...what I call the magic money makingtriangles and they're not actually magic, but it was just ideas. Threepointed ideas for how to find money in your financial life to whether that'sto pay down debts and work on ter credit score, O to start investing alittle bit at a time, because one things for sure if you never startyou're, never going to get anywhere right, amen on that. So you just we'regoing to do a whole episode on the Magic moneymaking triangle. That'sawesome! I can't wait. No, but the the so so again T it's not how much somebody has that determineswhether or not they should work with your reach on o have a conversation.It's really their idea of. I really want and know. I need a financial planbecause I do want my kids to go to college ore. I do want to have somemoney for retirement or I do want...

...something. What are the John Quan orthe basic fundamental foundation things? That's that's! It's a pholosophy in amindset more than how many answers do you have? That's? Probably not thefirst question. You ask somebody I'm guessing right. No now os not te first actuall Yeah Coud,because again we talke about you, know building your life. So where do you?What does money mean to you? Is Our actual first CA, Isis, the firstquestion: You ask everyone: What does money mean to you and den after that?As you know, what but the you know, the key thing is: Ifa D and N we talk about t t, you know what is it, what does it cost not to have a financial advisor, especiallywhen you're starting off, and one of the examples that I give to people whoare wondering? Why bother with the financial efficts right? I can do this,its o go e, there's all kinds of aps out there. You can do that. Do It onyour own,...

...and this is example that I give is that now, if you're old, like me, youremember this fun called the Magellan Fund and I was a fantastic Peter. Lynchran it the go re. He was fantastic right, he had returns. I think it was like twenty sevenpercent fer years. Crazy was wonderful right, but you want to know what the average investor in Thagelanactually made: Yeah seven percent, not twenty seven teywane to why yeah ecause they bought high and Solo. It's in our nature right,especially if we don't do this every day. If you're a teacher, a plumberelectrician, you man, the profession, it's not what you do every day and whatdo you do? First of all, it goes up and goes up and it goes up and you havefolo you tha fear of missing out, and so you keep buying and you keep byingand you don't sell you don't, sell and...

...suddenly Yore the market tone. The one thing I wantto tell you is that at some point the market will decline and then, when itdeclines, you get scared, and so you pull it out when you pull it out at thewrong time and keep pulling out pulling up Ol. No, I'M GOINNA lose all my moneyand you don't say in. I always tell people they find it just too painful to take profits up at the top and theyfind it too painful to hold on when things aregoing down. Well, there's a balance right, EAH, it's like yeah, ifanybody's ever workd, with the martial arts or withdancing or with witha anything sports related. Really how important isbalance? Well, that's it's thi get that seem importance when it comes toinvesting, but you don't just wake up on tday as an expert in Karatea or or an expert in any kind of sport right.It takes practice and years of...

...experience. So a lot of the the valueof financial advisor is just helping. You know en and actually taking thoseprofits, because I say you never go broke by taking a profit, but maybe nottakin too much of that profit right, letting it ride. But it's there's afine tuning that you do as a financial advisor that, if you don't do it everyday and if you're an expert in a different field, which I respect allthose fields like I love watching. Those shows you know o the howitds madeshow and what was the show where they showed allthe different professions of people that work hard every day. I can'tremember the name of it, but I love watching those. I have a greatrespect for those folks. What I do every day is you know I. I learn themarkets. I understand the economy and I've done it forer almost thirty yearsnow. 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'sthere or just just reach out to John, don't worry about listening to it, justreach up to Jeli, because there's there's a lot there and, as I was justsitting here, thinking about it and taking notes in my head of going thereis, you know when is the right time toreach out and talk to somebody like John About your financial plan. Isthere ever not a good time right if you're, just starting out or if you'remidlife or, if you're, ready to retire DON WHATO? You think, is there a badtime? There's really no bad time, not not for me now, if you now, if you wantto be, if you want to participate N, I the big box with the bigger firms you know they'regoing to require you know a half million dollars or something like that.But it's not really our that's, not really our mission. Our our mission isto help everybody that we possibly can, and that means from the very beginning andas things change throughout your life yeah. Well, that's good and I'll. JustI'LL! Just use that to the Spring Board...

...to encourage our listeners to reach outto John Guardian Rockwell tout common. Just have that conversation, Ri h! Ifyou have tensand dollars or ten billion dollars, it doesn't matter, reach out D,have the conversation because you everybody has to build a life and youbuild your life based on the money that you have not the money that you'regoing to have and John will help you with both really, but you got you'vegot 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 thefirst conversation. Is this even a good fit relationally? Let Um ask you a fewquestions point in in the right directions. Ask Her that three dayworkshop challenge thing he mentioned and begin the relationship, but don'tdon't not call John. How about that? Can you use a double negative like that?Is that okay, Ho Lo ons, okay, there, you Welli, won't not do that anymore. Howabout that? So we reach out to John, have aconversation and stop worrying about it, because you don't want to find yourselfon in either of those ditches of being...

...fearful of taking taking profits orfearful of having losses. You want somebody like Johing on your team, soreach out ton, there's never a bad time to reach out to John Browning, soGardan, rockwelcom and you'll be in very good hand. So, John thanks again,it's a great episode. Look forward to chatting with you and next time soundsgood. We'll see you next time. Money really is a big part of our livesand John Brownin can help you and your family learn how to keep money in theproper perspective, it's important, but it's only a tool that coan help. Youbuild the life that you want. If you like, John Amell, you frea copy of hisbook, build a life, not a portfolio, go to John's website, Guardian Rockwealthcom and Click. The contact o US link and send your request. JohnWillmella copyd his book right to your door. Absolutely free thanks forlistening to building your life, podcast with John Brownie be sure tosubscribe 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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