As you work toward financial independence, which overhyped concerns do you need to tune out? And which matters could you be downplaying that might actually make your financial journey a breeze?In today’s episode, my father, the man with the plan, Bob Payne, and I will guide you on your path to financial freedom. We will discuss the overrated financial concerns that don’t need your attention, as well as the underrated ones that do. We will also break to you the financial news the media aren’t telling you. If you want to make this decade your decade, make sure to tune in to the whole episode!As always, on this week’s Spotlight Segment, we have Chris Payne, my brother and financial advisor at Payne Capital Management. He’s here to dissect a financial plan that will help you on your path to financial freedom.Get to work on building your portfolio with the right focus. Tune in to No Payne, No Gain Podcast! Overrated Concerns in the Financial WorldThere are a lot of things in the financial world that tend to be overhyped, thus overshadowing the things that need your attention. When you’re building your wealth plan, take note of the following so you can avoid wasting your time and money. [02:20] It’s unrealistic to think that you will get a 30% return every single year. The rate of return is inconsistent, and it should not be your focus.[03:23] The two things that need your focus: 1) your returns need to correlate to your goals and 2) the risks.[04:50] Another overrated financial concern is cost vs. value. What you’re paying in fees should correlate to the value you get.[07:10] The dichotomy in the world of investment planning and investment advice: There are people that are commision-based and fiduciaries who do what’s in your best interest. Underrated Things That Need Your AttentionYou need to keep your focus on what truly matters, so you can make smart choices for yourselves and your future. We’re giving you what you need to know to make your portfolio better! [12:18] The closer you are to retirement and when you're retired, liquidity, or access to your money, becomes more and more important.[12:58] When you don't have proper liquidity, and you have illiquid investments, then you don't have the opportunity to change them.[13:52] You need liquidity for emergencies.[14:56] Predictability is another underrated concern in the financial world. How the markets perform is not predictable; do not make it the basis of your retirement plan.[15:10] The most important part of your portfolio where you need predictability is your income.[16:17] Make sure you have part of your portfolio that will help pay your bills.[17:25] The last underrated thing when building portfolios is tax efficiency or tax advantages. It's not what you make; it's what you take.[18:31] Everybody can afford to use what the wealthy have always used, which are smart, passive tax advantageous investments. Financial Propaganda of the WeekThe media does a great job of causing a market frenzy. They tend to highlight the bad news and ignore the good. That’s why we have the Financial Propaganda segment every week. Here are some of the market realities the media do not tell you about. [25:49] - Intentionally not making a move in the face of market pessimism is the way to go to be a successful long-term investor.[26:11] - Since the 1990s, the added value of owning stocks has gone down to 1.3%. Meanwhile, putting your money into treasury gives you an added value of over 98%.[27:22] - Financial professionals will never beat the market.[27:30] - About 80–90% of mutual fund managers have underperformed the underlying index over the last decade. If you still own a mutual fund, you’re essentially paying them to underperform.[29:06] - Negativity doesn’t pay off. Being optimistic is the winning strategy because surprises tend to be positive.[29:40] - The market is always better off today than it was yesterday. It always goes higher, never back to where it was.  The MailbagIt's the No Payne