Podcast Episode 297: Investing for Geniuses

While it’s said that genius is a natural and innate ability, there are certain traits or habits possessed by geniuses that we can learn from. These qualities, when applied to financial planning, can help you make the most of your money while protecting yourself from future economic uncertainties.

The first trait that geniuses possess is the ability to adapt to change. They are highly adaptable regardless of the situation. This trait is essential in financial planning, as financial markets can be unpredictable and volatile. By staying flexible and adapting quickly, you’ll be better prepared for future financial changes.

Geniuses also understand how much they don’t know. They pretend to be experts in everything, and that’s why you see some of the most successful people are where they are because of who they’ve surrounded themselves with.  When it comes to financial planning, the same principle applies. It’s important to seek advice from financial professionals who can help guide you towards making better financial decisions.

The third trait to highlight is the ability to learn from others. Geniuses are able to limit the mistakes they make because they observe those around them.  Similarly, financial planning can be a tricky process, and it’s important to do your research and learn from the experiences of financial experts. Advisors have seen the mistakes that investors have made through the years and can help you avoid doing the same.

So as you can see, there’s a lot to learn from the characteristics of the highly intelligent. Incorporating the traits of geniuses into financial planning can be an effective way to maximize the return on your investments while protecting yourself from financial uncertainties. By staying adaptable, learning from others and understanding the limits of your knowledge, you’ll be better prepared for whatever financial changes come your way.

Here are a few of the things we discuss in this episode:

1:15 – Geniuses are highly adaptable.  

3:41 – Geniuses actually understand how much they don’t know.  

5:19 – Geniuses learn from the mistakes of others.

9:40 – Is it Fake Jake? A looming economic hurricane?

13:38 – Mailbag question on retirement living options.

16:22 – Mailbag question on justifying private school tuition.

19:20 – Mythbusting with Matt – Lower tax brackets in retirement