242. Building Wealth Brick by Brick with Elliot Kallen

Average Joe Finances

As the financial world rapidly evolves, having an innovative and grounded perspective is essential. This is something an entrepreneurship and finance guru emphasizes. Let’s discuss the importance of behavioral finance in highlighting common mistakes investors make and some critical wisdom to help individuals manage their investments effectively.

Join us on Average Joe Finances as our guest Elliot Kallen shares valuable insights about behavioral finance, discussing the importance of being tactical and strategic in investing and trust's role in financial advisor-client relationships.

In this episode:

• Learn how to efficiently invest to give you the highest probability of achieving your retirement objective with the lowest possible risk.
• Avoid common financial pitfalls like adopting a groupthink approach or investing with emotion.
• Create the right mindset to achieve financial freedom.
• Learn why trust is a big issue with financial planners and what Elliot does to ensure clients feel comfortable and secure.
• And so much more!

Key Moments:

00:01:17 Understanding Behavioral Finance

00:02:27 Investment Strategies and Mistakes

00:08:03 The Role of Trust in Finance

00:09:23 Overcoming Fear in Investment

00:11:44 Investment Opportunities and Risks

00:19:37 The Importance of Strategic Thinking in Investment

00:22:09 Investing in the Stock Market: Current State and Predictions

00:22:25 Understanding the Market: Bullish vs Bearish Perspectives

00:22:43 Investment Opportunities in Times of Economic Malaise

00:23:26 Investing in the Defense Industry: A Tactical Approach

00:24:27 Investing in Technology: The Future of AI and Cybersecurity

26:40 Lessons Learned: Mistakes and Successes in Business and Finance
Find Elliot Kallen on:

Website: https://prosperityfinancialgroup.com/

Facebook: https://www.facebook.com/ProsperityFinancialGroupInc/

LinkedIn: https://www.linkedin.com/company/prosperity-financial-group/

Youtube: https://www.youtube.com/channel/UCynH32iE0vZHwczDLmluCNw

Instagram: https://www.instagram.com/prosperityfinancialgroup/

Podcast: https://podcasts.apple.com/us/podcast/getting-real-elliot-kallen-prosperity-financial-group/id1106735103?i=1000511926838

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

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2. (Cont.) 242. Building Wealth Brick by Brick with Elliot Kallen (00:17:21)