May 27, 2020
During this episode of The Confident Wealth Podcast
with Bill Bush and Mike Hackler bring you the third installment of
their Plan, Protect, Prosper series, with the most fun area of
interest of the three...prosper. Bill Bush and Mike Hackler talk
about how to avoid getting lost in a panic trap while investing,
how people become successful at accumulating wealth, why people are
afraid of the stock market, and how to prosper while being
- 00:40 – Bill Bush and Mike Hackler present Plan, Protect,
Prosper- Pt. 3, with a
- focus on prospering.
- 01:31 – Don’t get lost in your financial planning by getting
- 02:58 – When things start to feel shaky, shift your mindset and
- 04:09 – What are the three things that successful people do
that separate them
- 04:55 – How does someone become successful at accumulating
- 06:09 – Bill Bush discusses the importance of being a thrifty
- 06:43 – How does being thrifty tie into investing?
- 08:00 – How do conversations go when Mike Hackler tells people
that he is a
- financial planner?
- 12:02 – What does it mean to be a rational investor?
- 13:00 – Factor inflation into your financial goals.
- 14:34 – Money can’t buy you happiness and always having to
chase money isn’t
3 Key Points:
- Focus on your long-term success and be willing to make
short-term adjustments to make major improvements.
- Successful people do three things that separate them from
others: seek advice, make a plan, and take action on that
- Wealth accumulators are driven by three main distinct engines:
personal initiative, hard work, and being thrifty by spending less
than their income.
- “Financial planning, if you are 45 and haven’t done a lick of
it, you can’t expect to come into a situation within one year, and
have everything, your whole house in order. But it is a process.
Continually work it.” – Mike Hackler
- “If you are a thrifty person, you don’t seek debt nearly as
much. You stay out of debt.” – Bill Bush
- “You have to find that balance between money and making
memories with your loved ones and that is where we come in and we
help. We will help guide you and be your sounding board and look at
your risk.” – Mike Hackler