Reflecting on the Past & Planning for the Future: 2021 Wrap-Up

In the latest episode of The Chase hosted by Chris McAlpin, the focus is on the unpredictable nature of the markets and the economy, emphasizing the importance of personal financial planning and discipline. Chris engages in a profound conversation with Jay Coulter from Resilient Advisor, discussing the challenges and opportunities that 2022 presents. They delve into the significance of having a robust financial plan and the discipline to adhere to it, especially in the face of market volatility.

Throughout the episode, Chris and Jay highlight the importance of setting realistic expectations, understanding that perfection in market timing is not achievable, and that investors should focus on what they can control. Jay introduces the concept of "Financial Advisor TV," a platform aimed at educating financial advisors through modern, video-first, short-form content. The discussion also touches upon the emotional aspects of investing, emphasizing the need for emotional self-control and the dangers of letting successes or failures define one's identity.

Main Takeaways:

1. Personal Control: While many external factors influence the markets, individuals can control their financial planning and discipline.
2. Emotional Balance: It's essential to maintain emotional self-control in financial decisions, ensuring that neither successes nor failures overly influence future actions.
3. Trust in God: Chris cites Proverbs 21:31, emphasizing that while preparation is crucial, ultimate victory belongs to the Lord. This trust provides a foundation for facing financial challenges with confidence.

Biblical Scripture References:

• Proverbs 21:31: "The horse is prepared for the day of battle, but victory belongs to the Lord."

For more insightful episodes on biblical finances and financial investing, don't miss out on The Chase series. Dive deeper into the world of financial wisdom by viewing The Chase playlist. If you have questions or need assistance, please reach out to the Sound Financial Strategy Group.