How Solid Is Your Financial Plan

<p>There's a lot of crazy stuff in the news. If you're old enough, you've experienced these crazy times before. The investment markets' economies go up and down. These kinds of things happen.</p> <p>With all the craziness going on in the markets and the world, what news&mdash;financial or otherwise&mdash;are you concerned about? In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how to make sure your financial plan is solid.</p> <h3><strong>Topics Discussed:</strong></h3> <ul> <li>What are I Bonds? Savings bond earns interest based on fixed and inflation rates</li> <li>Financial Plan: <ul> <li>What is it? Foundation to going in good direction, making good decisions</li> <li>Why is it so important? Aligns values and goals for living out your ideal life</li> <li>What does it provide you? Clarifies your values, goals, and risks</li> <li>What does it not provide you? Path to getting rich</li> </ul> </li> <li>Balancing Act: What&rsquo;s most important? Think about today vs. tomorrow/priorities</li> <li>Components: Have/write a plan and clarify values to make progress toward goals</li> <li>Values Exercises: Every few years (at minimum) review your values</li> <li>Are your finances organized? Strive for balance, not perfection</li> <li>Awareness: Where&rsquo;s your money going between saving, spending, and giving?</li> <li>Uncertainty: Be aware by knowing when you&rsquo;re drifting from values and goals</li> </ul> <h3><strong>Links:</strong></h3> <p><a href="https://info.wrennefinancial.com/vitals-check-series">Financial Vitals Check</a></p> <p><a href="https://financeforphysicians.co/2022/07/28/what-should-you-do-about-inflation/">What Should You Do About Inflation</a></p> <p><a href="https://financeforphysicians.co/2022/07/21/is-money-a-tool-or-the-end-goal/">Is Money A Tool Or The End Goal</a></p> <p><a href="https://financeforphysicians.co/2022/06/09/3-exercises-to-help-you-clarify-your-values/">3 Exercises To Help You Clarify Your Values</a></p> <p><a href="htt