Ep 5: Understanding Financial Proverbs

Ep 5: Understanding Financial Proverbs

There are a lot of financial sayings out there, things that you’ve probably heard your whole life, what does a financial advisor make of these proverbs, and are there any lessons to learn from them?

A bird in the hand is worth two in the bush could apply to us learning to be content with what we have. At some point in your financial journey, you have to learn to shift from an accumulation to a preservation mindset.

A rising tide lifts all boats, meaning if you’re invested in the market and it goes up you are making money. But this proverb also applies when the market goes down. On today’s show we’ll break down these financial proverbs and garner some valuable information about investing and retirement.

Listen to the full podcast or use the timestamps below to jump to a specific section. 

0:48 – A bird in the hand is worth two in the bush

2:02 – A rising tide lifts all boats

3:10 – Don’t put all your eggs in one basket

5:39 – One’s man trash is another man’s treasure

It’s sometimes best to focus on what you already have instead of worrying about trying to get more. At some point in your financial life, you should be more focused on not losing your savings instead of trying to maximize your returns on your investments.

Josh Greenberg