You’re Always Closer To Running Out Of Vitamin C Than You Think

On this episode of Your Retirement Elevated podcast with Scott Dougan, we’ll explain the correlation between vitamin c and how it impacts your financial health.

The Bird’s Eye View:

This is not a health episode, but we can tell you what vitamin C and stoicism have in common and how it relates to your financial health.

 

Your Guide:

Did you know that the human body can’t store Vitamin C? We’re always closer to running out of Vitamin C because our bodies can’t store it. Humans also don’t store a reserve of being stoic.

On this episode of Your Retirement Elevated podcast with Scott Dougan, we’ll explain the correlation between those facts and how it impacts your financial health. 

A constant theme on this podcast and in our discussions with clients is behavioral investment counseling. When you’re hiring a good financial planner, the vast majority of what you’re paying them for is to keep you from making emotional or irrational mistakes that will harm you in the short and long term. Human nature is that we revert and become emotional, but we must constantly fight this.

One of our long-time clients sent us a story by a Forbes contributor and wanted to know our thoughts. The story said stocks were on the brink of a grizzly bear market. It was ominous.

We told the client that we know from history that the markets randomly and unpredictably go down. There’s always something to worry about – the pandemic, elections, the climate, the market. We never make investment policy decisions form these types of articles and they don’t matter to our long-term plan.

We’re not going to be doom and gloom here. We’re going to talk about reality, but we also need to discover what are the windows of opportunity that are presented with this?

We need to guard our minds. We don’t watch any news channels or read any major publications. We use services that distill down and deliver pertinent data behind what’s going on.

Listen to the full episode or use the timestamps below to find specific segments.

3:05 – Email from a client

5:31 – Always something to worry about

9:45 – No doom and gloom

12:45 – Guard your minds

14:28 – Emotions

Thanks for checking out the Your Retirement Elevated Podcast. We’ll talk to you again on the next show.

 

Your Guide:

Home Insight About Scott

Scott Dougan, RFC, Investment Advisor – Contact

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Financial Checklists and Important Birthdays

A new year means many of us are looking for ways to improve our financial lives in 2023. Today we’re sharing a great checklist to give you areas of focus in order to be better prepared financially. If you’re nearing retirement, these are questions you want to think through and have a plan for before you make that transition.

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ABOUT YOUR HOST...

Scott Dougan founded Elevated Retirement Group in 2003 in order to fill a niche he felt was not being addressed properly in the retirement planning environment – helping retirees and pre-retirees in the Kansas City metro area find answers to issues that may affect the quality of life during their retirement.

Scott is a Registered Financial Consultant (RFC) and holds a Series 65 Investment Adviser Representative license, which holds him to the fiduciary standard. He also holds insurance licenses in Kansas, Missouri and other states.

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(913) 393-4724