Ep 6: KISS: Why keeping it simple is often times the best course of action to create long-term wealth

22/06/2022 28 min

Listen "Ep 6: KISS: Why keeping it simple is often times the best course of action to create long-term wealth"

Episode Synopsis

In episode #6 of The Big Bo $how, Big Bo (a.k.a. Jason Blumstein, CFA) reviews the importance of KISS (Keep it Simple, Stupid!). How this concept helped transform a Little League team from zero wins, to consistent winners, and how it can be used for long-term sustainable wealth creation. Additional topics Discussed:- Why Keeping it Simple is often times powerful, though not easy - Managing wealth during periods of inflation, war, volatility, and 'uncertainty'- How often times "the biggest enemy of growth is fear & ego."Hope you enjoy the $how!Episode 6 Key Takeaways: 00:00 Introducing the concept of "Keep It Simple, Stupid" to Little League baseball and investing. 6:26 A concerning investing perception many people have — and two statistics that highlight America's financial literacy crisis. 08:39 Why are people excited to buy clothing on sale but skittish to buy stocks when the market sells off? 15:23 One of the most important metrics CFA® charterholders look at when analyzing a balance sheet. 16:59 How to analyze the cash flow of your personal finances. 20:38 Using times of economic uncertainty to your advantage.  23:23 Embracing behavioral coaching to become a better investor. The content is developed from sources believed to be providing accurate information. The information in this podcast is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.Julius Wealth Advisors, LLC (“JWA”) is a registered investment adviser located in Englewood, NJ. Registration as an investment adviser does not imply a certain level of skill or training.  The publication of The Big Bo $how should not be construed by any consumer or prospective client as JWA’s solicitation or attempt to effect transactions in securities, or the rendering of personalized investment advice over the Internet.A copy of JWA’s current written disclosure statement as set forth on Form ADV, discussing JWA’s business operations, services, and fees is available from JWA upon written request.  JWA does not make any representations as to the accuracy, timeliness, suitability, or completeness of any information prepared by any unaffiliated third party, whether linked to or incorporated herein.  All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.JWA is neither your attorneys nor your accountants and no portion of this podcast should be interpreted by you as legal, accounting, or tax advice.  We recommend that you seek the advice of a qualified attorney and accountant.

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