In chapter three of Power Up Your 401K, Steve talked us through the psychology of money and how risk is often misunderstood. While many people associate risk with loss, it’s really about managing your uncertainty to stay on track with your financial goals.

Listen in as Steve recaps how important it is to be prepared for those unexpected financial drops, whether caused by market changes or personal events and why having a solid plan in place can help navigate those moments. He also compares building momentum in investing to maintaining speed on a bike, showing how starting with a clear plan can help even the most cautious investors gain confidence to take on more risk and reach their financial goals.

Here’s some of what we discuss in this episode:

0:00 – The importance of redefining risk

2:23 – Preparing for unexpected events

4:31 – How Steve helps clients navigate investing decisions

6:54 – Building momentum in investing

Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html

Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867

info@powerhousefa.com

Our website: https://powerhousefinancialadvisors.com/

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Power Up Your 401K: Chapter 3 Recap