In this week’s Tuesday Tip video, I discussed something we all encounter – financial noise and tuning out financial news. With the constant flow of updates from financial networks, it’s easy to get caught up in the latest headlines. But should you be tuning in or tuning out? Please watch the video below to learn more. If you would like a free review of your current financial situation, please use this link to schedule a free call. You can find an edited transcript below the video.
Hi, I’m Phil Weiss of Apprise Wealth Management, and today, I want to talk about something we can encounter daily – financial noise. By noise, I’m talking about the financial news you see on networks like CNBC, Bloomberg, and Fox Business. The constant updates, predictions, and discussions about what factors are behind the latest market moves. But here’s the big question: Should you be tuning in? Or, more importantly, should you be tuning out financial news?
Tuning Out Financial News
We can easily get caught up in the whirlwind of financial news. The breaking updates, the urgent headlines, and the expert opinions can feel overwhelming. But here’s the reality: For most of us, it means nothing – it’s just noise. Tuning out financial news is crucial, especially if you’re in a phase of life where focusing on long-term goals is more important than reacting to short-term market movements.
If you’re paying too much attention to the noise, you risk losing sight of what truly matters—your long-term financial goals and priorities. You’ll also find it much more challenging to align your TEAM of capital – and by TEAM, I mean (Time, Energy, Attention, and Money) with your values. And, this is particularly true for women navigating new beginnings – whether that’s stepping into a new chapter after divorce, widowhood, or becoming an empty nester. Tuning out financial news helps you focus on your future, and keeps you from dwelling on today’s headlines.
Markets will always fluctuate. They rise, they fall. But for those of us who aren’t day traders, tuning out financial news can help us avoid emotional decisions. Reacting to every market shift can create unnecessary anxiety, which might lead to choices that aren’t aligned with your long-term goals.
The Benefits of Staying Calm
As a financial advisor and life planner, I work with women who are going through significant life changes. One of the most important things I help them with is tuning out financial news so they can stay focused on their long-term financial future. We design your life plan to weather market ups and downs – so you don’t need to react to every headline.
Instead of getting lost in the noise, focus on your personal roadmap. Your life plan, which reflects your financial goals, your lifestyle, and your retirement vision matters most. Tuning out financial news helps you concentrate on these important priorities without getting distracted by short-term fluctuations.
Remember, financial news represents just that – noise. It doesn’t control your future unless you let it. By tuning out financial news, you can stay focused on your goals and trust that your plan is built to last.
Closing Thoughts
I’m here to help you If you need assistance with tuning out financial news and staying focused on your future. Let’s create a resilient life plan that’s focused on you. A plan that is immune to the noise. Thanks for listening and have a great day.
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For firm disclosures, see here: https://apprisewealth.com/disclosures/
Phil Weiss founded Apprise Wealth Management. He started his financial services career in 1987 working as a tax professional for Deloitte & Touche. For the past 25+ years, he has worked extensively in the areas of financial planning and investment management. Phil is both a CFA charterholder and a CPA.
Located just north of Baltimore, Apprise works with clients face-to-face locally and can also work virtually regardless of location.
