Money Rehab with Nicole Lapin
Financial New Year’s Resolutions That Work with Peter Mallouk (CEO of Creative Planning)
Dec 30, 2024
Peter Mallouk, CEO of Creative Planning, shares valuable insights on making New Year’s financial resolutions stick. He emphasizes the importance of setting achievable goals and automating financial decisions for success. Listeners learn about common investment mistakes to avoid and the emotional biases that can cloud judgment, such as panic selling and trend-based buying. Mallouk also discusses navigating inflation in the current economy, urging a disciplined approach to investment planning for a stable financial future.
28:35
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Quick takeaways
- To achieve financial goals, it’s essential to set smaller, attainable bridge goals and automate savings for consistency and success.
- Avoiding common investing mistakes like market timing and active trading can significantly enhance long-term returns and reduce financial risks.
Deep dives
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