066: How To Avoid Letting an Energy Crisis Become a Wealth Crisis

No one who was there remembers the lineups at the gas pumps in the 1970s with any fondness. And though we’re not seeing long gas lines yet, we are seeing extremely high gas prices, rampant inflation, and extremely volatile markets–what we not-so-fondly refer to as stagflation. However, an energy or economic crisis doesn’t have to become a wealth crisis, and you can create a plan that helps you no matter where you are or what your future holds.  In this episode, we’re talking about how to prepare–and protect–yourself from massive energy bills, bear markets, and how to deal with that little voice in your head telling you to cash out without thinking about the consequences.  In this podcast interview, you’ll learn: Why gas prices go up fast, but don’t come down that quickly. How to make sense of markets going up 200 or down 500 points in the same hour. How a financial plan prevents you from needing to liquidate your holdings at a loss to maintain your lifestyle. What not to do when the market drops and people start panicking. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/66 How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com