247 – Save Like a Pessimist And Invest Like an Optimist

Financial planning is NOT about predicting the future. It’s about balancing what you can reasonably expect with everything you can’t possibly control. Markets move, life happens, but the decisions you make today may have to support you for decades.

That “tension” is at the heart of financial author Morgan Housel’s idea: save like a pessimist and invest like an optimist. But what does that mindset really mean? And how does it show up inside a properly designed Bucket Strategy? It’s all about surviving the short term to reap the potential rewards of the long term.

So how do you build a plan that expects trouble in the short run but stays confident about the long run? Find out from podcast host Johnny Dean and Rick “The Professor” Plum, CFP®, on this week’s episode of Managing Your Financial Future!