Portion Control - Important for Your Diet and Your Retirement.

ABOUT THIS EPISODE

On today's episode, Financial expert and Amazon best-selling author John Browning talks about one of the most important parts of building a portfolio. This is a discipline that may not be sexy, but it can be very effective. This is a non-intuitive concept. 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. John is 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 copymailed right to your door. I'm Michael Delon, your host for the next few minutes as we chat with financial expert and business owner John Browning. John Browning, it is a fantastic day here in my world. What does it look like in your world? Also a fantastic thing here in my world? I love it. I love that. Hey, Um, speaking of fantastic days, it's it's fantastic...

...day when you step on the scale in the bathroom in the morning and it registers lower than what you expect. And that happens for me sometimes when I'm actually, over the course of a few days, prior portion controlling my my eating right and my wife is such a great cook. That's hard for me because I just love her cooking. So I'm trying to just portion control and have a lot of good, good things, but in smaller portions, and that's important for for Diet and health and everything. But you and I were talking about how portion control is also important when you're thinking about retirement planning, right in financial planning. So let's help me understand what what that connection is with portion control. So portion control is probably the single most important thing to keep in mind when you are managing portfolios and managing plants. Okay, much like it is in a diet right, and those of you who know me, of Ce me speaker is seeing in person, realized that I'm not exactly...

...a small individual. So so I pay attention to portion control. And it's really interesting. When I was in high school I had the opposite problem. I was trying to eat more, eat more, eat more and working on do whatever I could to gain weight and then suddenly, somewhere around me years old, everything went the opposite direction. And my wife, who is a nurse, has helped me with my portion controls. I've got a couple other accountability partners that helped me with that as well, because nothing's really bad, but it's how much of it right. Much of a good thing can actually be a bad thing for you when you're talking about dieting. Same thing with your portfolio. I end up number one getting clients that come to me and...

...their portfolios are full of one, two or three securities, and that happens for a variety of reasons. Sometimes they worked for a company and they just get all these shares over years and they never even realized they had so many and they're entirely out of ballots. And what happens right? It could be a wonderful company. You have thinking back to the days like we are going to remarry you and I were number Kodak, Oh, yeah, Xerox, even g e. The fantastic companies used to be the stalwarts of the industry. Had you had your entire portfolio or most of your portfolio and those single stocks, that would have been a design master at certain points and times in...

...history. How many times have we heard of Kodak in the last year? Not Much, not much. How much? Um? So that is the one thing. And now, of course, the there's more popular, and I usually do not mention specific security names on the show because this is absolutely not financial advice. Do not take it that way. I'm not telling you to go out buy or sell this security, but I would say the most popular company that I am talked about today is Tesla. It is just the topic of all sorts of conversations. Love him or hate him, Elon Musk is brilliant. Right. It's really hard to deny that. Right, really tough. I absolutely love the company. It is profitable, it has been through a lot. I think it is much more than a car company.

It is much more than an electric it is a i. It is all the things I love about the innovation all rolled up into one company. So I like the stock. Does it mean that I am gonna put even ten percent of an overall portfolio into that? Probably not. For most people that is going to be entirely inappropriate. And what's difficult for people to realize when they see that piece of chocolate cake is how much damage just that one piece could potentially do to your plan or die. I plan the same thing with something like Tesla or some other you name the stock that you name the company. That is wonderful, and there's a lot of them out there, especially right now a lot of really great bargains out there, but there are always risks and you do not want to get off track. We talked in a...

...previous episode, I think it was the last episode, about being off by one degree in your plan, your long term plan. If you walk five feet and you're off by an inch, you take a trip around the world, you could be up four hundred miles, which is a real problem. By the way, if you're going to trying to hit South Korea, that would be problems. That could be a major issue. I'm just saying. So keeping on track, using portion control is is maybe not as exciting as eating all the chocolate cake that you really want, but it will get you to your goal, your long term plan of building your best life the best way. Now the question then becomes, well, I could have been become a Teslin aire or Amazon millionaire. You Name Apple Millionaire Right, if you bought it this you know, tiny little paces over twenty years. But all...

...those people who have done that, by the way, have held the stock for a very long period of time and also through tremendous downturns. So, Um, what happens when you have a portfolio of those fun innovation stocks. Well, and for the past four or five years, I mean they've gone kind of straight up right, they kind of gone like this. And if you're more of a Warren Buffett type of investor, right, a value investor, well, you've seen your line, Kent. It's gone off. This is not near as exciting. So now what's happened is those girls stocks have come straight down and hit that Warren Buffet Line, but actually got a little bit further right because they're going to be more volatible. But what happens if you took this line in over time, you you would shave off pieces,...

...taking your profits. You would take those profits all along and that portion control would allow you to actually do better than, potentially better than Warren Buffett, better than Buffett and potentially better. Now, let that line is kind of crossed down here, better than the all the growth and Innovation Fund stocks as well. It's all about portion control. Huh. This is a I'm calling it a non intuitive concept because it's not necessarily intuitive. I wouldn't connect the two. I would I wouldn't necessarily think of that when you're doing planning. Right, I always tell people you never go broke taking a profit that's true. I like that and and really that's in the day. That's what we want. We want we want profit, we want growth, we want we want to buility, we want some risk. Everybody wants different things. That's why we don't give counsel and financial advice on this podcast, but that's why you do do it in individual conversations when people reach out to you, you...

...learn about them. You ask them lots of questions, but you find out what they're trying to do, where they're going, what makes sense and how can they use portion control in their portfolio to build a portfolio to sustain their life today and in the future, because that's really what your heartbeat is, is to help people build a life, not just a portfolio. That's the title of Your Number One Amazon bestselling book, by the way, that people can get when they reach out to you at Guardian rockwealth dot com or if they text you. I think it's twenty one thousand, Text John, Twenty One um text the word life, L I F ee, and you'll find lots of things about John Browning. You'll find this business card, you'll get his copy of his book, you'll get information how to set an appointment, how I have conversation with him, because what we're talking about portion control today. It's just one little bit, one little taste, a little bite, trying to see how many analogies I can find there Um to to help you...

...stay healthy in your portfolio, in your life, and that's what John and his team, they are Guardian Rockwealth, do. So, John, it's it's always fun to talk with you, Um and just to I want to encourage people to reach out Guardian rockwealth dot com or text the word life to one and have a conversation around John and he can help you, Um, make that scale looks so much better with portion control. Thanks for a great episode. Body 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 Amelie a free copy of his book build a life, not a portfolio, go to John's website, Guardian Rock Wealth Dot com, 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 build in 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.

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