How Will The War in Ukraine Affect Your Finances | 591

If there’s anything that’s going to affect you and your finances, it’s the decisions you’re making today. 

Watch this episode to better understand why the war has nothing to do with your finances and how you can protect yourself!

Key Talking Points of the Episode
[01:38] My recent interview
[02:39] The effect of the war on your finances
[04:35] What controls the markets?
[08:10] What’s really happening to the markets?
[10:00] What are you going to do about it? 
[18:35] What is the importance of putting principles first?
[20:30] What does this have to do with the war in Ukraine?
[21:00] How will you respond to what’s happening? 
[22:05] Do financial advisors have proof of financial freedom?
[24:30] What mistakes did I make in the last recession?

Quotables

“The war in Ukraine has very little to do with your finances, even your retirement accounts.”

“But really, for the most part, the war in Ukraine doesn’t really affect your own, personal economy too much unless you let it affect you that much.”

“Russia and Ukraine just gave them further reason to keep selling off, but that’s not what’s causing it.”

“If people believe that we’re in a bad position, that the economy is bad, and they start reacting accordingly, creating a self-fulfilling prophecy, our economy goes south.”

“Where there’s uncertainty, there can never be freedom.”

“Remember, dollars follow value. The more value you can create for people, even if it’s an employer, the more you essentially get paid.”

“Expand that view, expand your options, and you will find you will have more hope than you will ever find.”