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Money Guy Show
How to Quit Your Job the Right Way!
Feb 19, 2024
Learn how to quit your job the right way with helpful tips on building an emergency fund, differentiating between investments and insurance, and navigating financial planning in relationships. Gain insights on making calculated decisions and the importance of open communication for a financially healthy future.
31:40
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Quick takeaways
- Approach re-entering the market without emotions, create a strategy to remove emotion from decision-making.
- Exiting market during volatility could signal plan failure, address underlying issues before making major decisions.
Deep dives
Approaching emotional investment decisions
When discussing the dilemma of re-entering the market after exiting due to fear, it is advised to approach the situation without making emotional decisions. Instead of trying to time the market, a better approach is to create a strategy that removes emotion from the equation. This can involve gradually allocating funds towards a specific portfolio over a set period of time, which reduces the risk of making another emotional decision and helps to minimize potential losses.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode