Go offline with the Player FM app!
MHT#5 - If you need cash, don't be flash
Manage episode 182726822 series 1474089
In this episode, Nick teases out further some of the ideas he outlined in the previous one (MHT#4).
A lot of people have long-term financial plans, powered by equally long-term investments. This makes short-term market forecasts irrelevant. But what if you have short-term lifestyle costs that need to be met now (or at least within the next couple of years)?
Nick describes how to organise your affairs so that you have the necessary cash to hand to fund short-term obligations, within the overarching context of a decades-long financial plan.
Bottom line: it’s all about sensible, prudent planning - and accepting that - sometimes - you need boring cash. Cash may not be flash but it does a job (again, sometimes).
And, as if to prove the folly of forecasts, toward the end, Nick does a full “mea culpa” re a rash Tweet he sent out before the final All Blacks - Lions Test. Even podcast superstars are prone to the follies of forecasting!
LINKS:
- Previous MHT#4 is here. Strongly advise you listen to this, in conjunction with this episode
- Nick gets thoroughly eviscerated for his daft Tweet forecasting the result of the All Blacks - Lions Test. H/T to Alan Smith.
==========
Any comments or feedback gratefully received. Likewise with suggestions for future shows. Get in touch with Nick on Twitter or via good old email.
AND LEAVE A FIVE STAR REVIEW ON iTUNES - OR ELSE.
98 episodes
Manage episode 182726822 series 1474089
In this episode, Nick teases out further some of the ideas he outlined in the previous one (MHT#4).
A lot of people have long-term financial plans, powered by equally long-term investments. This makes short-term market forecasts irrelevant. But what if you have short-term lifestyle costs that need to be met now (or at least within the next couple of years)?
Nick describes how to organise your affairs so that you have the necessary cash to hand to fund short-term obligations, within the overarching context of a decades-long financial plan.
Bottom line: it’s all about sensible, prudent planning - and accepting that - sometimes - you need boring cash. Cash may not be flash but it does a job (again, sometimes).
And, as if to prove the folly of forecasts, toward the end, Nick does a full “mea culpa” re a rash Tweet he sent out before the final All Blacks - Lions Test. Even podcast superstars are prone to the follies of forecasting!
LINKS:
- Previous MHT#4 is here. Strongly advise you listen to this, in conjunction with this episode
- Nick gets thoroughly eviscerated for his daft Tweet forecasting the result of the All Blacks - Lions Test. H/T to Alan Smith.
==========
Any comments or feedback gratefully received. Likewise with suggestions for future shows. Get in touch with Nick on Twitter or via good old email.
AND LEAVE A FIVE STAR REVIEW ON iTUNES - OR ELSE.
98 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.