Unshakeable

Assess your current financial situation and identify areas where you feel most uncertain or vulnerable.

Commit to learning the rules of the financial game and understanding the agendas of the players involved.

Calculate the fees you are currently paying on your investments and explore lower-cost alternatives, such as index funds.

Develop a diversified investment portfolio that aligns with your risk tolerance and financial goals, considering asset classes like stocks, bonds, real estate, and cash.

Create a written financial plan that outlines your goals, strategies, and timeline for achieving financial security.

Identify and address any emotional biases or triggers that lead to impulsive financial decisions.

Seek out a fee-based financial advisor who is legally obligated to put your best interests first.

Visit www.getasecondopinion.com to receive a free review of your current financial plan from Creative Planning.

Explore the Unshakeable mobile app and podcast for additional resources and insights.

Start investing a fixed amount each month, regardless of market conditions, to benefit from compounding.

Calculate your financial independence number (20 times your annual income) and create a plan to reach it.

Accept market corrections as a normal part of investing and avoid selling during downturns.

Ignore market predictions from so-called experts and focus on a long-term investment strategy.

Create a diversified investment portfolio to mitigate risk and capture long-term growth.

Rebalance your portfolio regularly to maintain your desired asset allocation.

Increase your savings rate gradually over time, even if it starts with a small percentage.

Stay invested in the market, even during periods of volatility, to avoid missing out on potential gains.

Calculate the total fees you are currently paying on your investments, including expense ratios, transaction costs, and potential tax implications.

Compare the fees of your current investments to those of low-cost index funds.

Consider shifting your investments to low-cost index funds to minimize fees and taxes.

Review your 401k plan options and choose the lowest-cost funds available.

Avoid making investment decisions based solely on past performance or star ratings.

Consult with a fee-only financial advisor to get unbiased advice on your investment strategy.

Educate yourself about the impact of fees on your long-term financial goals.

Rebalance your portfolio regularly to maintain your desired asset allocation.

Use the Fee Checker tool at www.ShowMeTheFees.com to analyze your 401k plan and identify hidden costs.

If you are a business owner, benchmark your company's 401k plan against other plans to ensure that the fees are reasonable.

Consider switching to a 401k plan that offers low-cost index funds and transparent fee structures.

Forward the Fee Checker report to your company's owner or senior management to advocate for improvements to the 401k plan.

Consult with a financial advisor who is committed to acting in your best interests and avoiding conflicts of interest.

If you are a teacher, nurse, or nonprofit employee, carefully review your 403b plan for excessive fees and sales charges.

Educate yourself about the different types of fees associated with 401k plans, such as investment expenses, administrative expenses, and trustee expenses.

Contact Americas Best 401k for a free benchmark of your company's 401k plan to assess its competitiveness.

Research the credentials and background of your current or potential financial advisor to verify their qualifications.

Ask your advisor directly if they are a Registered Investment Advisor (RIA) and if they are affiliated with a broker-dealer.

Inquire about any proprietary funds or third-party compensation your advisor or their firm receives.

Evaluate your advisor's investment philosophy to ensure it aligns with your goals and risk tolerance.

Seek an advisor who offers comprehensive financial planning services beyond investment strategy.

Confirm that your funds are held with a third-party custodian to ensure security.

If working with a broker, obtain a 'best interest contract exemption' (BICE) and carefully review its terms.

Consider seeking a second opinion from a different financial advisor to assess your current advisor's performance and recommendations.

Develop a clear understanding of your financial goals and communicate them to your advisor.

Regularly review your investment portfolio and financial plan with your advisor to ensure it remains aligned with your needs.

Assess your current investment portfolio to identify areas where losses could be minimized and develop strategies to protect against downside risk.

Seek investment opportunities where the potential reward is at least three to five times greater than the potential risk, ensuring an asymmetric risk-reward profile.

Consult with a tax professional to identify tax-efficient investment vehicles and strategies to minimize the impact of taxes on your investment returns.

Diversify your investment portfolio across multiple asset classes, including stocks, bonds, real estate, and commodities, to reduce overall risk and enhance long-term returns.

Allocate a portion of your investments to tax-advantaged accounts, such as 401(k)s or Roth IRAs, to maximize tax savings and accelerate wealth accumulation.

Assess your current portfolio diversification and reallocate assets to align with your long-term financial goals and risk tolerance.

Create a financial cushion by setting aside income-producing investments to avoid being forced to sell during market downturns.

Develop an emotional discipline plan to manage fear and anxiety during market volatility, such as consulting with a financial advisor or practicing mindfulness techniques.

Research historical market trends to understand the cyclical nature of bear and bull markets and build confidence in long-term recovery.

Identify specific assets you would like to acquire and set target prices to capitalize on opportunities during market downturns.

Consult with a financial advisor to customize an asset allocation strategy that addresses your unique financial situation and minimizes tax liabilities.

Commit to rebalancing your portfolio regularly to maintain your desired asset allocation and take advantage of market fluctuations.

Educate yourself about different investment options, including stocks, bonds, and alternative investments, to make informed decisions.

Create a checklist of investment criteria to evaluate potential trades, focusing on asymmetric risk-reward and identifying breaking points for other investors.

Actively seek out and consult with qualified individuals who hold differing opinions on your investment strategies.

Establish a fixed asset allocation for your portfolio and rebalance it regularly to maintain your desired ratio of stocks, bonds, and alternative investments.

Honestly assess your investment skills and knowledge, and if you lack a significant edge, invest in low-cost index funds.

Limit the frequency of checking your portfolio to once a year and avoid consuming financial media that encourages short-term speculation.

Diversify your investment portfolio globally to reduce risk and increase potential returns.

Write down your reasons for investing in each asset class to help you stay focused during market volatility.

Seek guidance from a qualified financial advisor who can provide objective advice and support during challenging times.

Make a conscious decision to prioritize happiness, committing to finding joy even in challenging circumstances.

Practice the '90-second rule' whenever you notice yourself slipping into a suffering state, interrupting negative thoughts and shifting your focus to appreciation.

Incorporate the 'two-minute gratitude meditation' into your daily routine to align your mind and heart, fostering a sense of thankfulness.

Identify your 'favorite flavor of suffering' and consciously challenge the thought patterns that trigger it.

Write a note declaring your commitment to living in a beautiful state and share it with three people you respect, asking for their support in staying on course.

Find a cause or purpose greater than yourself to serve, channeling your passion and energy into helping others.

List three experiences in your life for which you are incredibly grateful, reliving the moments as if you are there to feel the gratitude.

Make a list of things you appreciate in your life and review it daily, focusing on the positive aspects of your existence.