Financial news and media can be relentless. Usually, there’s some sort of “Breaking News” that inevitably scares people into making questionable financial decisions. The media exists a lot differently than it did 30 or 40 years ago when we watched Walter Cronkite and Dan Rather on the 6 o’clock news.
A lot of us can get lost in a sea of information and news that can be overwhelming. On today’s episode, we’ll help you navigate some of these economic news storms and explore how we can prepare ourselves and our plan for the future.
The media does not exist simply to provide you with useful information, they want clicks and reads and ultimately RATINGS.
Inflammatory headlines are how they get views. Opinions pieces are becoming more and more common, not necessarily fact-based and non-biased stories.
Information you get from the media is not necessarily tailored to fit your life. That’s where your advisor comes in. It’s important to stay informed on economic news. However, the important question is what action are you going to take?
You shouldn’t be making emotional decisions off of headlines that could really impact your retirement plan.
If you have any questions for Don reach out at (732) 784-2867 or firstname.lastname@example.org.
Screen Time –
The Social Dilemma –
The Reticular Activating System –
Listen to the full episode to learn more or skip around to certain topics.
[0:42] – Snowstorm!
[2:41] – Financial news
[4:18] – How big media works
[6:29] – Getting you addicted
[8:21] – Collecting your information
[10:15] – Goal to get people watching
[11:43] – What do you get from the media?
[13:13] – What actions are you going to take?
[14:54] – Using keywords to get views
[16:47] – Inflation is a real concern
[18:24] – How do we deal with it?
[20:18] – Don’t act on greed, fear, or anxiety