In this episode of the Millionaire Choice Show, host Tony Bradshaw speaks with financial advisor Gary Sinderbrand about the importance of choosing a good financial advisor, understanding emotional biases in investing, and setting clear financial goals. They discuss the role of 401(k) plans, the psychology of investing, and the significance of personal responsibility in financial decisions. Gary shares valuable insights and personal anecdotes to help future millionaires navigate their financial journeys effectively.

TAKEAWAYS

• Choosing a financial advisor is crucial for success.
• Emotional biases can lead to poor investment decisions.
• Setting clear financial goals is essential for planning.
• Communication in relationships about finances is key.
• 401(k) plans require careful selection of investments.
• Investors should be aware of their risk tolerance.
• Understanding market behavior can prevent losses.
• Investing is a long-term commitment, not a quick win.
• Education about personal finance is vital for everyone.
• Consistency and discipline are critical in investing.

KEY INSIGHTS

"A wish is not a goal." Set real achievable goals.

"Stay consistent, stop doom scrolling." Consistency over time is a key to building wealth.

"Don't listen to investing tips." Building real wealth consistently follows repeatable principles of investing...not tips.

EPISODE SEGMENTS

00:00 Introduction to Financial Wisdom

01:58 The Importance of Choosing a Good Financial Advisor

05:07 Understanding Emotional Biases in Investing

09:49 Setting Clear Financial Goals

14:50 Navigating Financial Decisions in Relationships

19:57 The Role of 401(k) Plans and Investment Choices

24:49 The Psychology of Investing and Market Behavior

29:58 Parting Wisdom for Future Millionaires

Is money slipping through your fingers? Are you missing your opportunity to become a millionaire? Welcome to The Millionaire Choice. Where we talk to millionaires and future millionaires about how to build wealth and what to do with it once you have it. We’re here to help you do two things, make your millionaire choice and create your own millionaire plan.

Here’s your host Tony Bradshaw. He made his choice and created his millionaire plan at age 25. Now it’s your turn.

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That’s a wrap for this episode of The Millionaire Choice Podcast. If you like the show, please review and subscribe!

And remember, if you want to be good with money, you need to study money. You need to get money smart, and give your money a purpose. Enjoy life. Help others. Serve God. For resources, tools, and community to help you with your millionaire journey, make sure you visit tonybradshaw.com.

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