Payne Points of Wealth

Payne Points of Wealth


Ep #16: What Tennis Has Taught Us About Financial Planning

September 12, 2019

You might not think the sport of tennis has any correlation to the world of finance – outside of the large earnings – but there are some lessons we can take away from the game if you think about it a little deeper. This episode will look at the strategies within tennis that can be applied to our retirement plan.Today's rundown: 0:31 – Setting up today’s episode.1:13 – Beginning the tennis/finance discussion. First up, how singles vs doubles applies to planning.3:26 – Some players perform better on specific court surfaces. What does this mean in finance?4:54 – It’s crazy how many people come into our office without ever having a financial plan run.5:59 – It’s important to hold serve in a tennis match. How does this apply to finance?9:51 – Time for Financial Propaganda of the Week segment   10:26 – Bob found the recent hurricane forecasts reminded him of people that try to the predict financial future.12:29 – Ryan found some ‘horrid financial data out there.’  14:00 – Why the ‘Yield Enhancement Strategy’ is dangerous.     15:16 – Risk is only something you can recognize after the fact.18:27 – Mailbag time19:21 – Mailbag question:  Part of me wants to retire, but I’ve gotten pretty used to a paycheck. How do people get used to not having money coming into their checking account every month?21:10 – Mailbag question: My 401k is a prominent point of pride but I’m worried we’re headed for darker times. Should I move my allocation to something safer?Get the full show notes and additional resources by clicking here.