info right process

The markets have had a rough first half of 2022, and our natural instinct is to run. But time and time again, we hear that we need to "stay the course."   Why is this so difficult? It's because we are fighting our own brain chemistry!

Behavioral finance takes a look at how our psychology affects how we invest. Key to this is loss aversion - we feel twice as much pain losing $20 as we do pleasure finding $20!  A bad experience can significantly impact a person, a corporation, even a country's ability to take risks going forward.   And the market changes we're experiencing this year are coming on the heels of the volatility we experienced in COVID!

Michael explains that there are three parts of the brain that activate this "loss aversion" phenomenon.  And they relate to fear, anxiety/prediction, and disgust/avoidance.  It's not our fault we want to pull out of the market - we're just wired that way!

Stacey and Mike close by talking about the importance of working with a financial advisor who understands behavioral finance, and the need to put a plan in place that considers market volatility ahead of time.

To receive your free Arc of Life Report, or to talk to Michael, Stacey, and the team at Optivise Advisory Services, give them a call at (855) 378-1806, or visit our website, https://www.artofwealthunbroken.com/

Today, Michael Wallin and Jag talk about our national debt, and why it's important for you to understand how it could affect your bottom line.

Over the life of the United States, we've come to rely more on tax revenue from our citizens and corporations, as opposed to tariff revenues on imported goods. And the government spends a lot of money - on social security, Medicare, Medicaid, our military, and more.  And much like our personal budgets, when you've got more money going out than coming in, something needs to change.  Either you need to bring in more money, or spend less.   And we're not spending less, regardless of which political party is in the White House or controls Congress.

Today's National Debt is $30.5 Trillion.   That averages out to $91.622 for every baby that's being born as you read these notes and listen to this podcast.   And with raising interest rates, that's going to be even more challenging.  So you need to come up with a personal financial plan that protects you against an uncertain future.  The Info Right Process focuses on six key areas of concern: income, investment, taxation, health care (long term and personal), charitable donations, and estate planning.  

This is where Michael and Stacey can come in to protect you and your family going forward.  They are making the Life Arc plan available to any of our podcast listeners.   To learn more or get in touch with Michael and Stacey, give them a call at (855) 378-1806 or visit them online at https://www.artofwealthunbroken.com/