This week Cara Moeller Poppitt speaks with wealth advisor Tim Conlin about the intricacies of wealth management, the importance of emotional endurance in investing, and the psychological factors that influence investor behaviour. They discuss the significance of understanding market cycles, the time value of money, and the courage required to make investment decisions. Tim emphasizes the need for clarity in financial goals and the role of innovation in the investment landscape.The opinions expressed are the opinions of the author and listeners should not assume they reflect the opinions or recommendations of Richardson Wealth or its affiliates. Past performance may not be repeated.Tim’s  Links:Website: https://web.richardsonwealth.com/tim.conlin/home Cara’s Links: Book: https://bigfreakinchange.com/   Website: https://carapoppitt.com/Instagram: https://www.instagram.com/carapoppitt/ Chapters:00:00 Introduction to Tim Conlin04:45 The Importance of Emotional Endurance06:11 Tim's Journey and Career Transition09:37 Investing in Yourself and Embracing Uncertainty11:23 The Time Value of Money14:05 Overcoming Barriers to Investing18:14 The Psychology of Loss Aversion20:35 Innovation and Market Trends22:30 Learning from Missed Opportunities25:44 Tools for Emotional Resilience in Investing29:45 Defining Courage & Final ThoughtsTakeaways:The human brain seeks patterns and certainty in investing.Emotional temperament is crucial for successful investing.Investing comes with inherent risks and a 'price of admission.'Preparation is key to managing investment-related panic.Long-term investing can yield significant rewards.Investing in yourself is the best investment you can make.The time value of money is critical for financial success.Financial literacy is essential for overcoming investment barriers.Loss aversion can hinder investment decisions.Courage is necessary to act in uncertain financial situations.wealth management, market cycles, emotional endurance, investing, financial literacy, time value of money, loss aversion, innovation, investment journey, courage

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