Financial Planning Lessons From a Mountain Snowstorm

February 13
16 mins

Episode Description

What would you do if you were sliding backward down an icy mountain at 11 p.m. with your kids in the car? We walk through a terrifying near-miss and the powerful financial lessons that came from it: overconfidence bias, underinsuring your life and disability, and why preparedness isn't fear-based — it's freedom-based. You'll also hear why reflecting on your mortality might actually help you live (and spend) more intentionally. If you've ever found yourself on a slippery slope — literally or financially — this episode is for you. 

Key moments:

(03:20) Why spending on safety, like snow tires or insurance, isn't optional

(06:37) No one should live in fear, but we should be better about being prepared

(08:39) Overconfidence bias and dangerous financial blind spots

(12:52) Balancing long-term savings with living fully in the present

There's no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth risk-free!

Like the show? There are several ways you can help!

 

See all episodes

Never lose your place, on any device

Create a free account to sync, back up, and get personal recommendations.