The Business of Your Mind - Episode 4 (Feat: Dr. C.W. Copeland)
The Business of Your Mind is back to provide another dose of necessary knowledge! In this week's edition, Felipe welcomes on Dr. C.W. Copeland, a financial advisor, to discuss finances during these uncertain times. We have to make smart decisions with our money in order to secure our futures.
In order to get your mind right, you need to make sure your money is right!
Timecodes:
02:30 - Dr. Copeland's introduction
06:45 - Dr. Copeland's childhood experiences and career path
09:00 - How Dr. Copeland is calming people's financial fears during Covid 19
11:15 - Tips to help protect yourself financially during Covid 19
15:45 - Every financial decision you make takes you closer or further from your goals
16:45 - Our money habits are learned from parents and those close to us
29:00 - Everyone has the ability to move forward financially
32:30 - Is there any age that is too late to change financial habits?
36:15 - Advice for clients on spending habits
41:00 - Husband and wife need to have their spending habits aligned
49:30 - Strategies people can take to prevent a negative impact from Covid 19
50:00 - The strategy of "Indexing"
01:03:45 - The earlier you start, the better off you are
01:08:00 - Weigh the costs. Do you need to spend that much to satisfy your need?
01:12:00 - The numbers don't lie
01:15:30 - Saving for your child's education vs. saving for your retirement
01:20:00 - Final remarks
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