Common Sense Financial Podcast: Mindset & Growth

How much does an average rate of return matter? Or does it even matter at all? And what about your 401k? Is the way you’re approaching it the right one? Listen to this episode to hear a few common myths being busted – and get all the positives that will come your way as a result. The other day, Brian came across a quote that read,‘If things you thought were true were actually false, when would you want to know?’ As someone who is continuously seeking information to either support his way of thinking or to provide more insight into what he’s thinking, he tends to be pretty grounded, thanks to that process. One of the biggest half truths out there has to do with an investment’s average rate of return. Brian often hears mutual fund companies, investment advisers, and colleagues of his discuss investment averages and he uses this information to make decisions about which investment to choose. If you look at the math, you’ll notice that an investment’s average rate of return doesn’t mean much. Let’s say you hear