Podcasts Business Retirement Answer Man #107 - Why You Should Stop Worrying So Much

#107 - Why You Should Stop Worrying So Much

Published: Feb. 23, 2016, noon

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Welcome back to The Retirement Answer Man Podcast, I am your host, Roger Whitney. Some people know me as THE Retirement Answer Man and I\\u2019m here to help YOU make the most of your retirement years, not only through wise financial planning, but also through maximizing your life to be exactly what you want it to be. On this episode I\\u2019ve got some thoughts that I think will help you simmer down the worry kettle that may be cooking inside you. I hope you take some time to listen to this episode to understand how you can remove some of the worry and stress you may be feeling.

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We love low gas prices, but what impact is it having on the global economy?

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I\\u2019m sure you\\u2019ve been to a gas station lately. The low prices at the pump are a welcome relief, to be sure. But the thing we don\\u2019t think about is that our little corner of the world is benefitting from gas prices at the expense of those who produce it. Some stats are showing that major petroleum producers have seen a 70% drop in profits recently. What impact does that have on us (besides the lower gas prices)? I\\u2019m going to fill you in on the worldwide implications of low oil prices and give you some thoughts to consider about your response to them.

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Have you heard the term \\u201cblack swan\\u201d in financial talk lately?

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Isn\\u2019t it great how the powers that be in the financial industry like to come up with all these dramatic names to describe certain phenomena? The term \\u201cblack swan\\u201d is one of those that you hear now and then, especially in times when world events are a bit hectic or volatile. What does it mean, and more importantly, why should you care? I\\u2019m going to fill you in, on this episode of the podcast, and I\\u2019m going to point you toward an understanding of world events that can help you feel a bit more at ease.

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How confident and at peace do you feel in light of what\\u2019s happening in our country and in the world right now?

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If you\\u2019re like most people, world events like hunger, wars, terrorism, elections, and a host of other things can get you kind of wound up inside. There appears to be every reason to be stressed, worried, and concerned about the future in light of what\\u2019s happening now. Whenever I feel that way I find it\\u2019s very helpful for me to take a look backwards, at similar times in the past. What good does that do me? You\\u2019ll find out by listening to this episode of The Retirement Answer Man, and I hope you\\u2019re helped by it.

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Here\\u2019s a practical SMART Sprint you can do today!

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Every week I bring you a short, timely, practical thing you can do to take better control over your financial future a small step at a time. I call it the SMART Sprint and today\\u2019s has to do with your retirement accounts, the amount you\\u2019re having taken out from each paycheck, and a simple way you can get ahead of the game so that come the end of the year, you\\u2019re not in a panic about contributions and deductions. Are you interested? Be sure to listen.

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OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

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  • [0:27] Roger\\u2019s introduction to this episode.
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  • [0:50] How you can get in on \\u201c6 Shot Saturday.\\u201d
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HOT TOPIC SEGMENT

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  • [2:33] Announcements from the oil industry attempting to stabilize the oil markets.
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  • [4:30] The impact the oil market downturn is having on the world.
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WHAT DOES THAT MEAN? SEGMENT

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  • [6:55] What is a \\u201cblack swan?\\u201d
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PRACTICAL PLANNING SEGMENT

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  • [8:48] How confident do you feel in light of what\\u2019s happening in our world and in our country?
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  • [10:55] A historical look at similar world and financial issues.
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  • [18:31] Is the U.S. in its \\u201ctwilight\\u201d economically?
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  • [22:48] What is with all the global violence?
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THE \\u201cBE HAPPY\\u201d SEGMENT

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  • [27:03] One way to leverage yourself toward happiness this week - \\u201cTime Will Tell.\\u201d
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  • [26:34] Happiness for you is different than it is for another person.
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TODAY\\u2019S SMART SPRINT SEGMENT

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  • [27:43] When\\u2019s the last time you\\u2019ve checked your contribution account amounts?
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RESOURCES MENTIONED IN THIS EPISODE

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Text \\u201cSixshot\\u201d to \\u201c3444\\u201d and get Roger\\u2019s Six Shot Saturday emails.

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Contact Roger: http://www.rogerwhitney.com/retirementanswers/

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Roger\\u2019s retirement learning center: www.RogerWhitney.com/learn

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The Retirement Answer Man Facebook page: www.Facebook.com/RetirementAnswerMan

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