Ep. 190 – Paul Fenner – Helping Families Navigate Financial and Emotional Worries
There feels like a pervasive nature of worry in today's world, particularly in politics, financial markets, and emotional well-being. Now more than ever, we need to understand our emotional needs and what we are seeking out for advice.
Are we seeking advice that is personal or financial? Are we looking to be heard? Or do we want to feel comforted in an uncertain time?
How we communicate with each other and the people we trust, such as financial advisor, can lead to better support in navigating our concerns and making informed decisions.
Connect with Paul
Contact Paul here or schedule a time to meet with Paul here.
Follow Paul on LinkedIn, Instagram, and Facebook.
And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.
ADDITIONAL RESOURCES YOU MAY LIKE
1 Big Idea to Think About
One insightful takeaway from this episode is the importance of understanding what people are truly seeking during times of stress—whether they want to be heard, need solutions, or crave comfort—and how identifying these needs can help provide the most effective support and guidance.
1 Way You Can Apply This
To effectively navigate turbulent times or market corrections, try articulating your emotional needs—such as seeking solutions, being heard, or needing comfort—when discussing concerns with your advisor. By clearly communicating your needs, you enable your advisor to provide more tailored guidance and support, aiding in making better emotional and financial decisions while reducing anxiety and confusion in the process.
1 Question to Ask
"When I feel worried about the current events or my financial situation, am I seeking a solution, just to be heard, or do I need comfort?"
Key Moments From the Show
00:01 Importance of addressing constant worries, ranging from financial markets to global events.
00:57 Recent financial market corrections compared to previous high returns.
02:26 Differentiating between someone wanting help, wanting to be heard, or needing comfort.
03:23 The idea that sometimes the best action in response to financial worries is inaction.
04:08 Acknowledging the overwhelming nature of current global events while maintaining a long-term financial plan.
06:12 Emphasis on clear communication to provide appropriate support and guidance.
Resources Featured in This Episode:
How to Make the Most of Your Money
Optimize Your Spending to Increase Your Happiness
Every Dollar is a Choice: Parenting & Building Families with Conscious Spending