3102: Why We Ignore The Stock Market And You Should Too: Demystifying Personal Finance Part 4 by Liz of FrugalWoods

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3102: Liz of Frugalwoods makes a compelling case for tuning out market noise and focusing instead on the variables you can control, like saving more, earning more, and investing consistently. Her down-to-earth wisdom reminds us that emotional reactions to stock volatility are distractions from the real drivers of long-term wealth: discipline, low fees, and the magic of compounding. Read along with the original article(s) here: https://www.frugalwoods.com/2016/01/20/why-we-ignore-the-stock-market-and-you-should-too-demystifying-personal-finance-part-4/ Quotes to ponder: "I’m not going to tell you how to optimize your investments or beat the market or pick that one hot fund - why not? Because I don’t know how to and neither does anyone else." "My approach to all things in life is to control what I can and to categorically ignore/let go of the things I can’t." "Pulling in and out of the market when you feel the slightest twinge of panic is a great way to ensure you’ll never make any money from your investments." Episode references: FSTVX - Fidelity Total Market Index Fund (now FXAIX): https://www.fidelity.com/mutual-funds/fidelity-funds/overview Personal Finance Club by Jeremy Schneider: https://www.personalfinanceclub.com Learn more about your ad choices. Visit megaphone.fm/adchoices