Ready to learn practical steps to stay financially secure in any economy? In this information-packed episode, award-winning financial educator Kevin L. Matthews II breaks down the impact of tariffs, how to protect your investments in turbulent times, and why a solid investing strategy should always be internal; not dictated by trends. Learn smart, practical steps to build wealth and stay financially secure in any economy. Kevin is a #1 bestselling author and the founder of Building Bread, an education company that helps first-time investors enter the stock market with confidence. As a former financial advisor, Kevin managed $140M in investments and became one of the top 100 most influential advisors in 2017. He has taught over 400,000 investors and featured in Business Insider, The New York Times, Wired’s Money Support, and more. He is a 4-time Plutus Award Winner with an Economics degree from Hampton University and a master’s in entrepreneurship from the University of Texas at Austin.
Find him @BuildingBread at all social media platforms including YouTube and on his website, http://www.buildingbread.com.
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The Dr. Sev Talks Money podcast’s mission is to empower women to approach money confidently, reframe their financial habits, and build a future where their money is a tool for opportunity and security. Through Dr. Sev Talks Money YouTube channel and Podcast, I provide actionable advice and inspiration to help you achieve financial freedom. Join me for one-on-one coaching, group sessions, workshops, or speaking engagements as we journey to financial empowerment together. It’s never too late to begin again—let’s make it happen!
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Transcript
And I would say the biggest thing that I’ve, I’ve seen is that it should always be internal. That that investing strategy should come from you and you should go out and find those investments. Like you should come up with that strategy, right, and go and get the investments that fit it. What I see happen too often is people will go out and listen and say, oh, crypto is hot now. Oh, dogecoin is hot now. And they’ll get the strategies from everybody else and bring it into what they’re doing. That’s backwards. That’s backwards.
You sit down and say, hey, I am somebody who is in my 30s, 40s, 50s, I want this, this and this. That is me. This is, this is me. And it’s internal. Now I’m going to find investments that fit me. Not let me go listen to everybody else and find all of their stuff and try and copy it. So you want that strategy to be internal and not external.
Welcome to another exciting episode of the Dr Sev Talks Money podcast with your host and financial counselor, Dr. Sev. This show is your go to resource for starting over or leveling up your finances. Get ready to transform your money and make it work for you one step at a time.
Hey, hey, hey, savvy squad. Welcome to another episode of the Dr. Sev Talks Money YouTube and podcast where we empower women to manage money confidently and create a future of financial freedom, security and opportunity. Today we’re talking about the impact of tariffs on the economy, practical ways to protect your investments during economic turbulence, and smart strategies to stay financially secure in uncertain times. Joining us today is Kevin L. Matthews ii, the founder of Building Bread, where he simplifies investing for everyday people. He is an award winning financial educator and was named one of Investopedia’s top 100 financial advisors. Kevin, welcome to the Dr. Sev Talks Money podcast.
Thank you for having me.
Okay, awesome. Your background is very impressive and I’m sure the listeners are going to agree with me. I’m going to be sharing all of his accolades in the show notes so you can learn all about him and follow him on various platforms. But Kevin, what inspired you to transition from financial advising to educating and empowering investors?
For me, it was just the way that the financial industry was set up. When I left education, I was a seventh grade math teacher before becoming a financial advisor. And I made that transition because I saw that in my math classroom. We were great at teaching kids math and send them off to college. But last I checked, college was really expensive. So I said, all right, well how can I help kids and parents and families save for college. And the best way that I thought was to become a financial advisor, set families up by showing them how to invest for college and setting up a generational wealth early. That was my thought going into it.
And for a while that is what I went in there to do. However, what I found out was the better that you got at that job. At that time I was in New York City, they start moving you up the chain and it got to a point where they said, all right, Kevin, you’re really good at this. You’re reaching the top 100. You can only talk to people who have $250,000 in cash. If they don’t have it, they don’t talk to you. And that’s it. And that was lucrative.
That was fine for my own personal bank account, but that’s not what I joined it for. There were people in my household, my, my family, my parents didn’t have that in cash.
Right.
I’m just like, I, this is not what I joined it for. And the people who needed it the most weren’t the people that I could talk to. I didn’t really think that was fair and I wasn’t making an impact. If you already got a million dollars in cash, do you need an advisor that much? No, it doesn’t really, it doesn’t change your life. I wanted to change lives and really make a difference. And that was going to be more people who look like me, more people who had not seen a financial advisor, and more people who truly needed the advice.
Yeah, I love that, the impact, because that’s the main, at the end of the day.
Right.
That’s what really matters.
Yeah.
So with so much advising, investing advice out there, there’s a lot. And you and I know that not all of it is correct. What is one fundamental principle that first time investors should always stick to?
To. I would say the, the big thing is, is always the, the research piece, like really checking the receipts whenever possible and just understanding that there are zero guarantees when it comes to investing. And that, that is the. Anytime that I’m hearing somebody that I’m hearing for the first time, hey, this investment is going to guarantee you X, Y and z. Red flag. Well, I’m talking 99% of the time somebody is guaranteeing you a return, that is a red flag. So you always want to stop right there. Research that person, research that investment, ask questions of that person and then come to a platform like this.
Right. Ask someone else and have someone double check and don’t Be afraid to say, hey, I, I see you as an expert. Do you know this person? Can you double check this person and have kind of like a check and balance system if possible?
Yeah. And leave the emotion out of it. I mean, I know it’s hard.
Yeah, yeah.
But leave the emotion out of it. Because we can get so emotionally tied to an investment that we lose sight of the fact that it’s not the best thing for us.
Yeah. I think that’s, that’s something I learned early on. Like, at the end of the day, money is a tool. It is no different than a hammer. Okay. I don’t truly care what color the hammer is. Does it, does it do the job? Yes or no? That is, yeah, that’s how I look at my, my savings account. That’s what I look at a stock.
And does it work? Does it do what it needs to do? And that is what I am truly looking at. And there are some out there that, that claim to do a bunch of stuff and people are, some people are really emotionally tied to it. I’m like, I hear you, you say a lot of, a lot of fancy things, but that’s not what it does. Or it’s really expensive or it’s been losing money for X amount of time. I’m not, I’m not in the business of losing money for long periods of time. Right. So I gotta separate my emotions from it and say, is this going to get me to my goal? Yes or no? The answer is no. I gotta go.
Yeah, yeah. I mean, I work hard for my little bit of money. Okay.
Yeah, absolutely.
Absolutely.
Because, and that’s the thing at the end. Hey, whether you are, you know, trusting someone else or what have you, that is your money. Yeah. And you are going to be the one with no money. Right. You are going to take that loss, not them. Right. So you have to, you have to contend with that and contend with that receipt at the end of the day.
Yeah, yeah. So let’s talk a little bit about the media and personal finance. Now, the media makes everything sound like a financial crisis because that’s their job, to get clicks, right?
Yes.
So how can long term investors stay confident during market turbulence?
Well, if you watch the super bowl, the last song was Turn the TV Off Kendrick Lamar. And honestly, sometimes you do, sometimes that, that is the, the best thing is to turn the TV off is to turn off notifications from time to time. There have been some studies that have shown that when you are away from media, you’re not paying attention to every single headline that, that can help you to become a better investor. There are other studies that show that when you are constantly checking your account, I think it was either weekly, I think, yeah, if you’re checking your account like each week, you actually see a lower return. And that’s because as investors psychologically we are all risk averse. Nobody, nobody likes to lose money. But here’s the thing. The more times you check your account, the more likely you are to see a loss.
Just, that’s just chance, right? You, you are likely going to just open it up on a bad day or just a bad minute, right? That the market just happens to be down. And when you do that enough times, you, you’re let me, let me move, let me sell, let me do something, let me try and fix it. And the more times you do that, that is how you start to either buy something you shouldn’t buy, sell something you shouldn’t sell. And that is how you start to make those mistakes. So a lot of times keep your hands off, off of your, your accounts, let things go. It’s kind of like when you, you’re in traffic and you move from one lane and the lane you just left starts moving faster. Just stay where you at, right? So, so that’s, that’s one of, that’s one of those things. So one thing that I do and I, I tell people this, I’ve been doing this for years.
There are two times, two times I check my investment account and it is twice a year. I check it in June, I check in December and that’s it. I don’t check it no other times. And, and that’s it. There are others and I’ve had clients that, that used to just, they don’t check it once a year. They only check it at the end of the year. And during the pandemic when all, everything was dropping left and right, I opened my account in June. I was like, interesting.
But here’s the thing, like if you go back and look, if you go to Yahoo Finance and you see like just look at what the stock market did. The market actually started to recover by mid April. So by me staying out of it, I actually started to see the market recover by that point in time. And a lot of people, a lot of people forget. The market was actually up double digits by the end of 2020. The stock market recovered. We made money in 2020. Only if you let things alone.
Now I know a lot of y’all didn’t, didn’t delete all them posts about. I, I withdrew everything on my 401k, I ain’t forgot. I forgot. A lot of. A lot of people pulled out. But that’s the thing. If you had left it alone and you just left, left things alone, you actually made money in 2020. But if you panic, if you were in the news and looking at everything that, that occurred, then you would have overreacted at that time.
And yes, it was a crazy time and these things do happen, but you want to. A lot of times, you want to relax.
Yeah. It’s funny you say that, because that was going to be my next question, because I have a friend who every time some. The market blinks, she removes her money from stock and put it in some safe thing like cash or, or bonds. And I keep saying, don’t do that. Take the ups and the downs, because when it’s down, that’s when you want to buy. And I’m not even an expert and I know that much.
Yeah, yeah. So there are, there, there are two, two stats. One I just Learned about about three weeks ago. Since about. So since about 19, 1980, every year, on average, the stock market falls 5% during the year. 5. It was actually 4.87 times. So about five times a year, the stock market falls 5% during the year.
Most times people forget because by the end of the year, the market is positive. Yeah, we forget about that. It happened. So it’s 2025. So in 2024, it happened twice. The market’s up 20. Y’all don’t remember when the market failed 5% that year.
Yeah, nobody cares.
So. And that’s the thing, like it happens. And again, on average every year, you’re going to hit a rough spot. So it does happen. The other stat that I like to bring up is one from JP Morgan. And we see that when you leave everything alone every day and just let it go, you’re going to get that average return that everybody talks about, that, that 7 to 10%, depending on inflation. We just, just invest and don’t touch it. However, when you move your money out and you miss just 10 of the best days in the stock market, which, last I checked, nobody knows when those days are right.
So when you, when you remove your money, you cut your, your returns in half. Yeah, in half. And what we have seen is that usually the best days and the worst days in the stock market usually come within about two weeks of each other. And again, you don’t know when those days are going to be. Use it going back to 2020, again, usually these screenshots when I do my. Some of my webinars and things like that. You know, we’ve seen, oh, it’s the worst day since 1933. And then turn around, it’s the best day since 1980.
You’re like, what just happened? But again, you. You would not have known. You would not have known. And that is the issue. When we saw Nvidia fall and had its worst day ever three or four weeks ago, two days later, it had its best day ever. And it’s like, there was no way. There was absolutely no way you’re going to know.
Yeah. And I think that’s the importance of mindset in investing, because you have to understand why you’re investing. And if you’re in it for the long haul, your mindset has to be different from a day trader. You, you can’t think the same way. At least I don’t think you should think the same way.
Yeah. Yeah, you’re absolutely right. And that’s. That goes back to, like you said, the mindset that goes back to social media and just tv. Right. It is more entertaining to think like a day trader. It is a better TV product to show day trader mentality and show you every single minute what’s. What’s scrolling down at the bottom of what every, what every stock did every single day.
Because if I’m only checking my account twice a year, that’s a very boring TV product. What am I, what am I going to show you every other day of the year? So they have to come up with something to talk about and do and flash things on the screen to. To make things interesting. But the, the problem is that’s not well and fine for entertainment. Entertainment, yes. I don’t necessarily need my. I don’t need to be entertained by my money.
I need it to work for me.
Right. Netflix can entertain me. Netflix stock is here to pay me. Them two different things.
I like that. Say that again.
Yeah, Netflix is here to entertain me. Netflix stock is here to pay me.
Okay, I love that. So let’s move on to tariffs. Well, let me just say it’s in the news and move on. How do tariffs typically impact the stock market and the economy as a whole? And are there specific sectors that tend to be more vulnerable to tariffs?
Yeah. So let’s start with what tariffs are and then how they work and then how they can feed into the stock market. It’s kind of three. Three different buckets. So first thing is, tariffs are what we call an indirect tax on the consumer. Why are they indirect? That is because Taxes are a, I’m sorry, taxes. Tariffs are a tax on the importer. So let’s say if I’m Walmart, right, I’m importing things from China or Mexico or Canada.
Let’s, let’s choose Mexico because in the US we don’t make avocados. We gotta get them somewhere, right? So you’re bringing those avocados over and the US is going to say hey, we’re going to slap a 25% tariff on it. So that is what we are doing. Now Walmart is not going to just take that 25% sitting down, they’re going to pass it to you, the consumer, right? So Walmart pays the tariff to the US treasury, the US treasury makes money. But Walmart then says these avocados are now 25% more expensive so that you, at the end of the day the consumer is going to pay more. So that is why it’s an indirect tax, not directly to you, but you gonna pay it at the end of the day. Now the issue is that Walmart itself may, the stock of Walmart may be affected. Why could they be affected? And why could that stock be affected is because either a people may decide not to buy avocados from Walmart.
Maybe, maybe not. Now the question is how much of Walmart’s revenue is from avocados? We don’t know, right? How much of all of items are imported from Mexico? Maybe not a lot, right, but from China, that’s a lot. Walmart says a lot of stuff from China and we do currently have a, a, a tariff from incoming from China. So it’s a question mark. We have to figure out well, how much is coming from where, how much are they selling and all of that. So that, that’s like a piece of the, the game and the puzzle is how much is coming from those particular places. But again, a place like Walmart, we have to buy goods, clothes, groceries from a place like Walmart and they can more easily raise their price than let’s say a steel company or a car company. Car companies, you can, a lot of us can say, all right, well I don’t need a new car.
Depending on where you are, you say ah, I can ride the subway, I can take the bus or my car is fine, I don’t really need a new car, right? So it depends on what stock it is, what is being tariff and how long those tariffs are lasting depending on when this episode is coming out. Initially we had a tariff on Mexico, on Canada and then in China, then within less than a Week we had a 30 day pause on Mexico and on, on Canada. Who knows what is going to happen between now and then and how those tariffs are going to change. Which goes back to our original point in just stay still because you’re not going to know. You’re not going to know. So when it comes to tariffs, stay still. And the last thing I’ll say with terrorists is it depends on how wide they are. The last time that we had major terrorists it was primarily on steel and agriculture.
Those stocks and those industries were hurt, but that was narrow. It wasn’t everything from that country, period. This team appears right now and these could change, could be a lot more broad and we’ll see what that’s going to be. What, what we do know is it could cause a bit more inflation and that’s kind of what we are seeing now though it is still early.
Yeah, yeah, sounds good to me. From, from the things that I’ve been reading, sounds like that’s, that’s exactly what’s going to happen. And you know, there are strategies I’m sure that everyday investors can use to protect their portfolio when tariffs lead to economic uncertainty. Is there something, one or two points that you can probably share that they can do to protect their portfolios?
Yeah. So we’ll start the basis to kind of work up to that median level. So number one is always continue to put money in your savings account. Right. If you haven’t that three to six month savings is always your basics. You always want to continue to do that if you haven’t already. The reason why you want to do that is because we don’t know how long it can last. We don’t know how high inflation is going to get.
You always cash is still king. You want to continue to have that. This is likely. Okay, we’ll see where it goes. It is likely to cause inflation. You are going to want to have some cash in case things get more expensive. So that is number one. Number two, as an investor you have two sides of this coin.
Number one, companies like Walmart, like Costco tend not always but 10. See, notice I didn’t say guarantee. Right. Yeah, These, these companies tend to do well. The, the reason why is because we call these consumer staples. You still need toilet paper, you still need groceries. So investors go to these types of stocks and we do have somewhat of a blueprint. If you go back to 2022, the last time we saw sky high inflation, we’re talking like 9% and higher.
Not to say we’re going to go back to that era, please, please don’t go back to that era. But when we did, because we had, you know, we were coming out of COVID we had the supply chain issues and all kind of stuff, we started to see that inflation, a lot of those stocks did well. Right. People were still buying those types of things and they can easily just go and just swap a price out. Right. And do that. It is, you still need it, regardless of what those prices are. You’re still going to need that.
Also health care, healthcare equipment, surgical equipment, all those things, surgery still happens. Right. You’re, you still need those types of things. That may also be an area of opportunity. And then the last thing is there are some companies that might, keyword might not be affected at all. I’m not thinking chip makers per se, like Nvidia though that still may be fine. But go back to like a company like Netflix. What they gotta do with tariffs.
It might not be anything. And Netflix is also, at the time that we’re doing this, hitting an all time high and has been doing so for quite some time. So you’ve got companies that should have nothing to do with tariffs and should continue to do well. You’ve got those that are consumer staples that are, should still continue to do well because people have to buy from them anyway. So those are the two areas you can continue to look at. And if, if we start to see a lot of rockiness from the stock market, if you are a long term investor, which most of us should be, that is still an opportunity for you to buy for the long term.
Yeah, buy, buy low, sell high.
Yep.
Okay. And one of the things that I’ve seen or read is that middle, middle class and the higher class tend to shop down when, you know, when there is economic uncertainties, which would make sense that the Costcos and the Walmarts do better. Because now if I’m making six figures instead of me buying at the higher end store, I’m going to make my money last longer by shopping at the lower, quote unquote, lower end stores.
Yeah, yeah. So that is, that’s kind of what I talked about on my YouTube channel back in 2022. Because back at that time, and I’m the reason I’m really emphasizing the dates here because as of today, Dollar Tree and Dollar General are not great stocks today. What they’re going to be in the future, I don’t know. Today they’re terrible. We’ll see. What I think if, if inflation goes crazy, they may come back and play. But at that time when Inflation was crazy.
That is exactly what happened. Target was kind of known as a prestige place. Target, right. A little bit more expensive. But when that did happen, people stopped shopping at target in 2022. And that is when Walmart started to do a lot better. Walmart started to do well, that stock started to do well. People who were shopping at Walmart started shopping at Dollar Tree and Dollar General, and those stocks started to do well.
And that’s when you started to see Target fall. So that could happen. That, that very well may happen, but it depends on how big these tariffs are, how long they last. And if we start to see inflation rise much higher than what we have seen in the past, which hopefully we don’t, we’ll see.
Well, I’m, I’m praying with you that it doesn’t either.
So, yeah, look, look, I ain’t got time for it. I got time for no more inflation.
I’m tired as I get older and I’m, you know, I’m up there as I get older, the less I have patience for these fluctuations, I’m like, keep my retirement money safe. Okay, I don’t have time. Go higher. But no, no down, no, no downturn.
Sorry. Once I have one more thing. Don’t forget inflation protected bonds. That was something a lot of people talked about in 2022. That may come back in play too. Now, again, it does depend on how high inflation goes. But that, that is one thing. It’s not talked about now.
But if we do start to see inflation take off, that will be something that comes back around.
Yeah, and that was going to be my next question too. You know, are there any investment opportunities that arise during times of trade disputes and tariff hikes? What are some things that we can look at? Of course, we don’t know the market, but there are possibly some things that we can look at that we can take advantage of and position ourselves to take advantage of those things.
Yeah, at this point, we don’t know just yet. Yeah, that one, that one’s a question mark. Only because this is so new. I think once they kind of develop, we’ll start to find some patterns and really start to kind of poke some holes once all the pieces are like out on the board. But at this time, all we know is right now it’s a 10% on China and Europe. Europe, Canada and Mexico are on pause. So it’s very hard to like say, hey, go invest here. Within 30 days, it could change.
In 90 days, nobody can have a tariff. So we don’t know. So it’s Very difficult. But right now I think kind of going for those consumer staples is probably the best place of the other options outside of like a place that has no impact on tariffs. And that’s because we know if you look at Walmart from where they were last summer, that that stock has been incredibly well, like it’s. That is one of the best places that has a good track record and, and Costco as well. So though that is where either way you should be fine. But nothing, nothing just yet from a.
Let’s see who’s trading what and kind of go there. At least not yet.
Yeah. Okay, sounds good. So as we get ready to wrap up, are there any final thoughts that you’d like to share from our discussion?
Yeah, final thoughts is again, like, like we were mentioning at the top, this is right now a. And I would say investing in general has always been a learn to tune out the noise. But this particular season it is a that volume is high. It is really high. So you do need to. To learn by any means that you want to do so.
Whether it is do not disturb mode on, on my phone, I, I have a work mode. So from like 9 to 5, unless, unless you, my wife or my parents, that call ain’t getting through. It’s not right. As well as notifications. So, you know, like, I think you, you were sending me messages and I, it took me a while. I’m sorry. But that’s, that’s just how this just. I tune out a lot of stuff and that is, that’s, that helps me to just manage the day but also block out a lot of that, that unnecessary noise, which just so happens the stock market is also closed during those, it’s open during those hours.
So by the time I check it, it’s also closed. Right. So that is that, that helps me out. And a lot of times, especially for newer investors. What was you gonna do? What, what. You know, like, you’ll see something crazy and you’re like, oh my God, like, did you really have a complex investing strategy that you was going to deploy right there in that moment and had like this, like, did you really know? Like, you know, that’s kind of like the thing. It’s like if something happened, like, did you know how to like, fly the plane? No. So it’s, it’s kind of like a.
You’re gonna have all this information and all this fear and all this panic and you’re not going to do anything but like get yourself into more trouble. And that’s not necessarily what you want to do the best thing you can do. Continue to show up on platforms like this, continue to ask questions to qualify people and they can get you the answers and break things down for you. And you can continue to learn until you feel more comfortable. But definitely turn down the noise because again, their job, their job is to learn how, in just a few characters, to get you to click and to stay on that platform for as long as possible. Because that is how a stock like Meta does so well. So you want to be very, very careful. Because they don’t care.
CNBC does not care how much money you make or lose. They do not. It is not their job to worry about how well your portfolio does. They job is to get you to turn on TV and stare at it all day. Right. Our job is to make sure you are, you know, you are making as much money as possible and you are have the right financial mindset. And that is the, that is the objective here. So you need to take care of you.
And the best way to do that is to stay focused on what your goals are and tailor that versus letting all the outside influences change what your portfolio should be and change how your attitude should be.
Yeah, you said a key phrase, and that’s investment strategy. You need to make sure you have one of those so that you don’t get blown away, blown around by the wind. If you have an investment strategy and you know what it is, then you are not going to be. So you’re not going to get off track by what’s going on around you because you know exactly what it is that you’re trying to achieve.
Yeah. And I would say the biggest thing that I’ve, I’ve seen is that it should always be internal, that that investing strategy should come from you and you should go out and find those investments. Like you should come up with that strategy. Right. And go and get the investments that fit it. What I see happen too often is people will go out and listen and say, oh, crypto is hot now. Oh, dogecoin is hot now. And they’ll get the strategy from everybody else and bring it into what they’re doing.
That’s backwards. That’s backwards. You sit down and say, hey, I am somebody who is in my 30s, 40s, 50s, I want this, this and this. That is me. This is, this is me. And it’s internal now. I’m going to find investments that fit me. Not let me go listen to everybody else and find all of their stuff and try and copy it.
So you want that strategy to be internal. And not external.
Yes, I love that. Because then you’re not going to have someone tell you what to buy. And that’s how people get caught in these traps. Yeah, yeah, because somebody’s telling them, this is good. This is. But what is your strategy? As Kevin said, what is your strategy and what are you trying to achieve? And then you build based on that. And once you’ve determined that internally, then you’ll know how to reach out to others and get the information that you need to support the strategy that you’ve decided on.
Absolutely.
Yeah. So I’m going to be sharing in the show notes in on the podcast platforms and Then also on YouTube in the description, all of your contact information, including your YouTube, your website, and where they can find you. But for somebody who may just be driving and listening, where can they find you? Where is the best place for them to find. Find you?
Yeah, the. The best place to find me is on YouTube at Building Bread. You can also find me on all things social media at building bread. Building bread.com, instagram, Facebook, whatever it is they call on Twitter nowadays. Threads and everything in between.
Okay, awesome. So I like to wrap up by asking a fun question. And my fun question for you is, if you had to describe investing using a food analogy, what would it be and why?
Yeah, I, I would say food or investing is a lot like. I was gonna say investing a lot like food, but to me. So I’m. I’m from Oklahoma. I went to grad school in Texas. So I’m gonna use a barbecue analogy. And investing is a lot like barbecue. It can take a long time sometimes if you’re smoking briskets or ribs, brisket particularly can take 12 hours, 18 hours.
And it is a process, but most importantly, it is something that you cannot rush, but it is something that is absolutely worth it. And I think that, like a brisket, the earlier you start, the better it is going to be in terms of, like, being ready by the time that you want it to be ready. And it’s not something where, oh, somebody across the street is going to go to McDonald’s and get food in 10 minutes. That’s not how investing works, not in the best way. You’re not going to have this health outcomes by doing that. So you want to be able to take your time, start early, and follow the process to get the result that you want versus trying to take shortcuts. I, I don’t know about y’all. I ain’t never found no, no ribs.
I can just throw in the microwave and. And have a cookout that way. If it is, don’t invite me. So that’s not how, that’s not how it should be done. But there are a lot of people online trying to sell you all types of like random stuff, right? And that’s not, again, the way it should be done. So when we talk about long term mindset, I’m hungry. I’m talking about barbecue too, right? So it is a long term mindset and I’m not trying to be entertained right by, you know, buy my investments in that way where I can be entertained by other stuff. So take that long term mindset, let things fall off the bone when it is ready to, as you’re, you know, ready to retire and ready to cash in when the time is right.
Awesome. I love that, love that analogy. I’m the analogy queen, so I love all things analogy. Kevin, thank you so much for joining us Here on the Dr. Sev Talks Money platform. I really, really appreciate your, your wisdom and your input. And for those of you who are going to be listening on Apple Podcasts, don’t forget to leave a rate review and a rating. If you listen on Spotify, leave a rating.
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