When Everyone is Greedy Be Fearful, When Everyone is Fearful Be Greedy

When Everyone is Greedy Be Fearful, When Everyone is Fearful Be Greedy

The title of this post is a quote attributed to Warren Buffet. If you don’t know who Warren Buffet is he’s widely regarded as the best financial analyst and stock picker of all time.

Why does this quote matter to you? Why is it relevant?

I was watching this whole Brexit situation going down last week and I got to thinking about what all of the pundits and news analysts were saying.

This is going to cause a financial meltdown.

The stock market is going to take a tumble.

There is so much uncertainty now with Europe and the financial markets.

I couldn’t help but think of Warren Buffet’s quote and what I’m going to do be doing right now with my money.

Disclaimer: I am not a money manager, I am an estate planning attorney. I help you make sure your stuff goes where you want, that your exposure to liability is limited, and that you create generational wealth using these strategies. This is not financial advice, it’s life advice.

This is also good advice for life in general.

Be a contrarian.

Don’t believe the hype.

Do what feels right to you, not necessarily what other expect you to do.

This really only relates to estate planning in one way – there are probably a lot of people out there that expect you to do certain things with your money and life decisions.

There are people that think you should choose certain guardians.

There are people that think you should give your money to certain people.

There are people that think you should restrict or not restrict your giving.

The point here is to do what’s right for you. Don’t be swayed by other’s greed or other’s fear. Don’t be afraid to lean into the wind.Cheers,

Christopher Small

P.S. Do you have kids? Have you completed guardianship paperwork? Have you done it correctly? Click here to find out what happens if you don’t do anything: Are you okay with a judge choosing the guardians of your children?

P.P.S. Do you own a business? Do you have a plan so the business, and your family, can survive if something happens to you? If not, click here to learn how simple it is to protect your business and your family from tragedy: 5 Ways to Protect Your Business from Catastrophic Failure.

P.P.P.S. Do you have no kids and think you don’t need an estate plan? Single and think a will is only for married couples. You couldn’t be more wrong. Click here to learn more: 5 reasons estate planning is a must have even if you don’t have kids.

Christopher Small is a Kirkland estate planning attorney who helps people get rich and live forever. He is also the owner of CMS Law Firm LLC.