Ep 29: Home Run Retirement – How Baseball Principles Also Score Financial Runs

After listening to today’s episode, you’ll never attend another baseball game with the family and look at it the same way. We’re going to show you how taking some of base-ball’s most basic principles can also lead to financial success in your retirement portfo-lio. So, grab your peanuts and crackerjacks and let’s take the financial field.
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Show Notes For This Episode

On this episode of Saving the American Dream, we’re sharing how baseball’s most basic principles can help you financially.

It’s not all about home runs

We’d all like to be able to hit home runs, but the truth is that there just aren’t that many home run hitters out there, even at the pro levels. That’s why a lot of teams prefer to play “small ball.”

It’s not as exciting as hitting a homer, but it still gets runs on the board by using other elements of the game (bunting, sacrifice flies, steals, walks, etc.)

A solid retirement plan should be built in a similar way. Don’t try to just hit home runs with risky investments (where you’ll often end up striking out), especially as you get older. Instead, focus more on taking less risk that still allows you to get the job done.

It’s not all about appearances

The book “Moneyball,” which was eventually made into a movie, told the story of Billy Beane and the Oakland A’s method of building a team. The premise of the Moneyball concept is that you should draft, sign, and develop players based on the evaluation of advanced data and statistics.

This was a contrast from baseball’s traditional methods, where scouts paid less attention to numbers and gravitated toward players who “looked the part.”

In your retirement planning, don’t be fooled by fancy brochures or sales materials, or by slick sales people who are simply hocking a product. Instead, work with someone who is willing to help you understand the numbers and places an emphasis on logic and math instead of emotions like fear and greed.

At our office, we can help you become a world-class saver so that you’re consistently putting away 20% of your gross income for your future.

Listen to the full podcast or use the timestamps below to jump to a specific section.

Navigating the Show

[4:07] Home runs

[8:29] – Moneyball

[12:37] – Five-tool players

[16:40] – Game plan

 

Let’s help you become a world-class saver so that you’re consistently putting away 20% of your gross income for the future. 

– Michael Schulte

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Copyright 2020 Saving The American Dream Podcast. Michael Schulte is an investment advisor representative and certified exit planner with WestPac Wealth Partners, located at 330 South Center Street, Suite 344, Casper, Wyoming 82601. The podcast is for informational purposes only. Individual risks and investment objectives must be reviewed prior to making any recommendations. Podcasts are for informational purposes only. Any guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or WestPac Wealth Partners and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. Michael is a Registered and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 5 Centerpointe Dr Suite 150, Lake Oswego, OR 97035, 503-207-4550. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. WestPac Wealth Partners is not an affiliate or subsidiary of PAS or Guardian. 2020-105459 Exp 07/22.