Ep 38: Where Crisis & Opportunity Meet

Sometimes in life you hit a financial crossroads of crisis and opportunity. We’ll explain how to find the good when bad times are happening.
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Show Notes For This Episode

Can crisis and opportunity co-exist? They can in your financial life, and we’ll share some of the silver linings.

Empty nest crisis

For some parents, this is a joyous time. But for others it comes with a lot of sadness because your kids are leaving the nest.

It’s usually good news, though, from a financial standpoint because you shed all these expenditures and expenses that you have with your children. Now, maybe you can start being a little more aggressive with your savings.

Bear market crisis

A down market can be a very distressing time. But market crashes can be a massive transfer of wealth from people who panic to people who are patient. You want to buy low and sell high.

If you have cash on the sidelines, it could be a good time to put some additional money into the market during a market crash.

Listen to the entire episode or jump to specific sections using the timestamps below.

 

Navigating the Show

[2:23] – Empty nest crisis

[5:07] – Bear market crisis

[11:32] – Layoffs

 

You might realize that you’re in better financial shape than you thought you were.”

– 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. 2022-140225 Exp 7/24