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Money Meets Medicine Podcast

MMM #30: Everyone Has a Plan Until They Get Punched in the Mouth

Everyone thinks that they have a great plan until they get punched in the mouth. This is especially true when it comes to your finances and investments. However you don’t need to start preparing for the worst case scenario. Keep reading to learn how to be prepared for these unexpected situations! This may surprise you, but it’s going to involve an emergency fund…

What You’ll Learn:

In this episode of Money Meets Medicine, “Everyone Has a Plan Until They Get Punched in the Mouth,” you’re going to learn:

  • What to do when the market hits the fan.
  • It’s actually completely normal for the market to go down!
  • Why you don’t need to invest into dooms day preparations quite yet.
  • Keep the long term in mind.
  • You ALWAYS need an emergency fund.
  • And more!

Resources from the Episode:

Lions & Tigers & Emergency Funds – Oh My!

This Episode’s Sponsor

This episode’s sponsor is Larry Keller from Physician Financial Services.  If you are in the need for life or disability insurance, don’t hesitate to call Larry.  Multiple readers and friends have used Larry, and I’ve never heard a single complaint.  I’d recommend him to you highly, and without reservation!

You can find Larry at the Physician Financial Services website; call his cell phone at (516) 677-6211. Or, you can reach him by email at [email protected].

Listener Question of the Week:

This week’s listener question comes from Adam:

“Are purchases and sales of funds for the purpose of tax loss harvesting and avoiding a wash sale linked to an individual and their social security number across all accounts, or is it just within a particular taxable account?”

Each episode, we are going to start including listener questions as they are provided to us.  So, if you have a specific question you’d like answered on the podcast reach out to us!  Email [email protected] or [email protected]

TPP

2 Comments

  1. PrudentPlasticSurgeon

    Love it!

    Classic Mike Tyson-ism

    Create a strong financial foundation, figure out your why, get through the hard times and enjoy the fruits of your labor.

    The hard road gets easy (but the easy road gets hard)

    Reply
  2. Stephen

    Great show!

    Can you elucidate a bit more as to how/why the stock market can be performing so well when other metrics of economic performance may not be so reassuring?

    Reply

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