Episode 10
The Wild Boar and the Fox | Series 8.10
Danger doesn't give advanced warning so sharpen your tusks with planning!
- So planning is what we can do to sharpen our tusks just like the boar. (02:18)
- "What if something happens to me?" We know how much money your spouse would need and we now have insurance to cover it. (02:34)
- Would you like to retire early or would you like to take more vacations with your family and retire at your original goal age? (02:47)
Quote for the episode: "If you worry about any financial 'what would happen ifs' in your own life, then your plan is still in need of some sharpening." ((03:04)
Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Transcript
Welcome to the Enjoy More 30s Family Finance
Voiceover Audio:podcast. The only podcast dedicated to making life more
Voiceover Audio:enjoyable for young families by hitting on the financial topics
Voiceover Audio:that tend to weigh on us, stress us out, and distract our focus
Voiceover Audio:from simply enjoying life.
Joseph Okaly:Hello, welcome once again to the Enjoy More 30s
Joseph Okaly:Family Finance podcast, and our series The Financial Parables of
Joseph Okaly:Your Life. As you, I would assume, are accustomed to by now
Joseph Okaly:if you've been listening each and every week, what I'm doing
Joseph Okaly:is going through a parable, fable, a short story of some
Joseph Okaly:kind or another that you're probably familiar with because
Joseph Okaly:stories are so powerful. They're a great way to remember really
Joseph Okaly:important concepts in a simple way. So as always, before I
Joseph Okaly:begin, please share please like please leave reviews. I'd love
Joseph Okaly:to reach and help as many young families as I can out there that
Joseph Okaly:are probably very much like you.
Joseph Okaly:So today please join me for our story, The Wild Boar and the
Joseph Okaly:Fox. A wild boar was sharpening his tusks busily against the
Joseph Okaly:stump of a tree when a fox happened by. Now the fox was
Joseph Okaly:always looking for a chance to make fun of his neighbors. So he
Joseph Okaly:made a great show of looking anxiously about, dancing near
Joseph Okaly:and far as if in fear of some hidden enemy. But the boar kept
Joseph Okaly:right on with his work. "Why are you doing that?" asked the fox
Joseph Okaly:at last with a sly grin. "There isn't any danger that I can
Joseph Okaly:see." "True enough", replied the boar. "But when danger does
Joseph Okaly:come, there will not be time for such work as this. My weapons
Joseph Okaly:will have to be ready for use then, or I shall suffer for it."
Joseph Okaly:Danger doesn't let us know that it's coming in advance. A
Joseph Okaly:crystal ball would help all of us navigate better if it
Joseph Okaly:existed. I know I could really do a great job of helping people
Joseph Okaly:enjoy every single piece 100% of the wealth that they built up if
Joseph Okaly:I had one. But I do not as I don't think you do either. So
Joseph Okaly:planning is what we can do to sharpen our tusks just like the
Joseph Okaly:boar. Will we have enough for college? Let's plan to see what
Joseph Okaly:path you're on. What if they don't go to college? We can use
Joseph Okaly:a more flexible account if that's a concern. What if
Joseph Okaly:something happens to me? We know how much money your spouse would
Joseph Okaly:need and we now have insurance to cover it. You're all good.
Joseph Okaly:What if I'm not on track to ever retire? Your plan shows you are
Joseph Okaly:actually ahead of schedule. Would you like to retire early
Joseph Okaly:or would you like to take more vacations with your family and
Joseph Okaly:retire at your original goal age? When we know what would
Joseph Okaly:happen if, if this, if that, then we feel better. The tusks
Joseph Okaly:of our plan, they're sharp. If you worry about any financial
Joseph Okaly:"what would happen ifs" in your own life, then your plan is
Joseph Okaly:still in need of some sharpening. If you still have
Joseph Okaly:questions if you're not quite sure of any of those what ifs
Joseph Okaly:and you're concerned about what would happen in a certain
Joseph Okaly:scenario, there is room to get those tusks just a little bit
Joseph Okaly:sharper.
Joseph Okaly:Thanks for tuning in today and join us for next week's story,
Joseph Okaly:The Carpenter's Stool. I hope you enjoyed today's story.
Joseph Okaly:Please remember to review and share for others. And if you
Joseph Okaly:need any help, don't hesitate in reaching out. I probably have
Joseph Okaly:helped someone just like you. Until next week. Thanks for
Joseph Okaly:joining me today and I look forward to connecting with you
Joseph Okaly:again soon.
Voiceover Audio:The conversations on this show are
Voiceover Audio:Joe's opinions and provided for general information purposes
Voiceover Audio:only. They do not constitute accounting, legal, tax, or other
Voiceover Audio:professional advice for your specific situation. You should
Voiceover Audio:always seek appropriate advice from a financial advisor,
Voiceover Audio:accountant, lawyer, or other professional before acting upon
Voiceover Audio:any content or information found here first. Joe is affiliated
Voiceover Audio:with New Horizons Wealth Management LLC, a branch office
Voiceover Audio:of TFS Securities, Inc., and TFS Advisory Services an SEC
Voiceover Audio:Registered Investment Advisor, Member FINRA/SIPC.