Podcast Episode 313: Financial Inspiration from Ted Lasso
One of the most popular shows of the last few years has been Ted Lasso with Jason Sudeikis playing that heartwarming coaching role, and most people have watched some or all of the comedy series. Today we’re going to pull out some of our favorite Ted Lasso quotes and put a financial spin on them. Don’t worry, no spoilers!
“You beating yourself up is like Woody Allen playing the clarinet. I don’t want to hear it.”
When you think about your financial plan, it’s so easy to look back on the mistakes you’ve made and beat yourself up over it. We all make a financial choice or two that we’d love to do over, but planning is about looking forward. Where you are is where you are so let’s accept that and build a plan from there. That’s something you can control.
“If the internet has taught us anything, it’s that sometimes it’s easier to speak our minds anonymously.”
A general rule in financial planning, and life in general, is to not make any drastic changes based on advice coming from someone you don’t know. The internet is a beautiful thing, but it’s also a place where anyone can share their thoughts or put information out there. If whatever you’re listening to doesn’t know your specifics, then take that advice with a grain of salt.
“Boy, I love meeting people’s moms. It’s like reading an instruction manual as to why they’re nuts.”
We’re all the product of the environment in which we live or were raised, and there are plenty of studies about the psychology of money. Depending on the era in which you grew up, your view of money and finances could be very skewed in one direction or another. We always recommend looking outside yourself for advice because we all have biases, and you might not be seeing yours.
“There’s two buttons I never like to hit. That’s panic and snooze.”
This one is easy to apply to financial planning. First thing is you never want to panic with your money. Having a plan helps prepare you for all the different scenarios, especially the disaster ones that make you panic. Life isn’t a straight line. Sometimes it goes up and sometimes it goes down. Planning helps you know you’ll be okay for either direction.
As for the snooze button, it’s pretty simple. Don’t wait. Don’t put off planning for your retirement. Find out when you’ll have the freedom to walk away from work if you choose to. It’s never a good feeling to find out you could have been enjoying life and spending your money much sooner.
Hopefully you enjoy this spin on our usual conversation. Ted Lasso is a great example of what can happen when you have some great guidance and coaching. Maybe that’s something you can benefit from as well. The best way to find out is by getting your complimentary Money Map review and having a conversation with our team.
Here are some of the things we discuss in this episode:
1:27 – Ted Lasso quotes and financial planning
10:19 – A Woman’s Word with Heather Atkins: Long-term care
15:28 – Retirement assumptions you can’t always make