Ep 90: Navigating These Decision-Making Roadblocks

What trips people up when they try to make financial decisions? We talk through financial roadblocks and how to avoid them on today’s show.

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Things You’ll Learn Along Today’s Journey

When making financial decisions, there are times you’ll come across roadblocks. But what can you do to avoid them? How can a financial advisor like Sean help?

Sometimes those roadblocks come from you. When there’s a lack of clarity and too many decisions to make, that can become overwhelming. It’s hard to know where to start.

As you go to do some research, sometimes makes the situation even more complicated. You can google anything, but who can you trust and which information is right? All these different sources will have a difference of opinions. Having so much conflicting information may discourage you from making any sort of decision at all. When there’s a lot of jargon and confusion, you may be tempted to simply ignore it and hope for the best.

For some, talking about money feels taboo and uncomfortable. Without being able to talk about it, you can’t get the help you need to make the best decisions. It’s important to view money as a tool to allow you to do the things you want to do. When you look at it that way, it becomes a lot easier to talk about money.

After a traumatic life event like a divorce, death, or layoff, it can be difficult to know how to move forward. Life isn’t always going to go as planned. No matter what age you are now, it’s important to have clarity on what you can handle financially. Do you have the rainy-day savings fund or an insurance strategy? You don’t want to have to make big financial decisions in an emotional state. Think about these things now so you can avoid that type of financial roadblock in the future.

Listen to the entire episode or skip ahead using the timestamps below.

[1:28] – There are a lot of decisions to make.

[3:26] – We do some research.  

[6:55] – The financial industry can be full of jargon and confusion.

[7:44] – Talking about money may seem taboo.

[10:18] – Big life events can make it hard to think clearly.

 

Looking Back From The Mountaintop

“Money is a tool to allow you to do the things that you want to do.”

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MEET YOUR HOST...

For over a decade, Sean Lee has helped families reach and maintain their financial goals. As a trusted advisor, he coaches and assists his clients with their financial goals by focusing on the fundamentals and takes a practical and personal approach when working with them.

As a trusted professional in Utah, Sean has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial advisor on Utah’s NBC station, KSL 5.

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slee@erg-slc.com

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