John Stillman: Welcome once again to Right Money Tips. I’m John Stillman alongside Isaac Wright. He’s the author of Navigate Your Way to a Secure Retirement, a chartered financial consultant, and the president of Financial Dynamics and Associates, and Isaac today will be sharing with us a life lesson about keeping a good attitude. So, Isaac, does this involve going for a run every morning, getting those endorphins going early in the day? What are your tips for keeping a good attitude in today’s podcast? I feel like it’s probably not that.
Isaac Wright: Well, really quick, and I’m going to keep a good attitude with you, because last week I said you were riding shotgun, and that put you in a bad attitude. So we’re going to go with you being the driver this week, and I’ll be in the shotgun chair. But I will say this, when it comes to having …
John Stillman: Actually, I’m going to make you sit in the back seat like I’m driving an Uber. You have to sit in the back.
Isaac Wright: Put me in the baby seat.
John Stillman: Right.
Isaac Wright: But, no. Seriously, I mean, there’s a lot of things you can say on the physical front to get out of the gate early in the morning, but what I’m going to talk about, and you and I, I think, are going to create a little miniseries on this, in terms of what I call keeping a good attitude related to your lifestyle and related to your retirement, because there’s a lot of different things you can look at in terms of data and information and articles, but I think the mindset of having a positive life, I want to bring some value here for the people that listen to our podcast. So this “keeping a good attitude” topic we’re going to try to put something out each month on, and it’s a great way of maybe stepping out of your door, hearing what I’ve had to say, and hopefully creating some positivity towards the future at hand for yourself.
John Stillman: So tell us the story, Isaac. How does this break down? If you’re teaching us a life lesson, I’m assuming this is a real-life situation that you’re going to impart to us. What’s the lesson?
Isaac Wright: Yeah, well I want to talk about people and I have this happen, say, at least once or twice a month, somebody that walks in our door and they are trying to create the expectation of how to be able to live their full life, and I think that’s great. But I think the problem where I see people run into is the fact that they’re defining what they want to have done in the future as certainties.
Isaac Wright: So, we all would love to have a certain amount of money per month. We would all like to have certainty in terms of how long we’re going to live or our health, or putting things in a proper perspective here. And this is what I want to get to. I simply think that if you start defining your success as certain, I need these things certain, you’re going to run into a lot of headaches, because there’s nothing in life that’s certain. However, people don’t sometimes stop to think about this.
Isaac Wright: We try to redirect and try to focus on probabilities. What I mean here, is let’s talk about probability versus the certainty of running out of money in retirement. We can maximize every income flow, every expense estimate and put as many pieces of the puzzle together for families and we’ve been doing that for 20 years. But the problem is this: No matter how hard and how diligent anybody is when it comes to their own finances, there’s going to be things that you don’t know that you don’t know.
Isaac Wright: There’s going to be things, special events, one-time things that you didn’t see coming. And sometimes, and I want to say this, because this may make common sense as I’m saying this, but many people have this thought that they have to have these certainties and it basically makes you live in a constant stage of fear, and that’s never a good place to be. I think sometimes we have to admit to ourselves that nothing in life is going to be certain and I’m going to be happy no matter how my life is going to run in the future, but what I’m after, what I’m going to chase is the highest degree of probability for success.
Isaac Wright: Now, if you think about what I’ve just said here, going after a high probability is attainable, it is acceptable, it is something that can be tracked and monitored, and it is going to put you in a better place mentally, versus thinking that, hell or high water, 100% of the time I need to have it this way for it to be this certain. I guess the reason I say this, because in the back of your mind you understand that nothing is certain, but when you start verbalizing the word certain, it’s in conflict with how you ultimately know things are going to run in the future.
Isaac Wright: So stop putting the word certain out there and start asking the question, “How can I get to the highest probability of creating a certain scenario?” And that is what we do for our families. That’s our culture here at Financial Dynamics. So this is a short tip, but it’s a very meaningful one for many people out there today.
Isaac Wright: So, if you have any questions about your finances, your retirement, living that lifestyle and getting to that probability scenario that makes you feel comfortable, reach out and give us a call, 804-777-9999, or you can even text us to that number, or if you want to, you can send us a message via email through our site info at FDAAmail.com, or just go to our website. You can ask a question. So we have many different ways for you to reach out, but we’re committed to our community to provide value, and sometimes having some mental stability is the most important value to be had.
John Stillman: You can visit the website, you can email, you can text, you can call. We’ve tried to really increase the probability that you’ll be able to get in touch with us, I believe is what we’re trying to do for you.
Isaac Wright: I’ll tell, John, I can never outwit you my man.
John Stillman: Well I just sit here while you’re talking and say, “How do I put a bow on this conversation?”
Isaac Wright: Yes, sir.
John Stillman: So I can plan it out. Well, but that’s exactly what you want to have in your retirement plan, as much certainty as you can, and of course, nothing is certain, but there are some things that have a whole lot higher probability of happening than other things. That’s what helps you keep that good attitude when it comes to your financial plan. He’s Isaac Wright. He’s the president of Financial Dynamics and Associates. Again that number to call if you’d like to get in touch is 804-777-9999. Have a great day. We’ll talk to you again soon.
Speaker 3: Information is for illustrative purposes only and does not constitute tax, investment, or legal advice. Always consult with a qualified investment, legal, or tax professional before taking any action. Investment advisory services offered through Global Financial Private Capital, LLC.