Skip to site content
Logo

Change your life by
managing your money better.

Subscribe to our free weekly newsletter by entering your email address below.

  • Topics
    Topics
    • Financial Planning
    • Investing
    • Budgeting
    • Debt Management
    • Money Mindset
    • Tax Planning
    • Retirement Planning
    • Estate Planning
    • Wealth Management
    trending
    • Car Buying
    • Saving Money
    • Insurance
    • Real Estate & Mortgages
    • College
    • Life Events
    Financial Order of Operations
    a Money Guy Course

    Get on the fast track with Money Guy’s nine steps to financial success. Let’s go →

    Explore Topics →
  • Shows
    Shows
    • The Money Guy Show
    • Making a Millionaire
    • Ask Money Guy
    • React
    • Mini Show
    Making a Millionaire
    Featured Show

    Brian and Bo analyze the financial lives of real, everyday people on their way to financial independence. Watch Now →

    Explore the show →
  • Articles
    Articles
    • Beyond Basics
    • Financial FAQs
    • Ultimate Guides
    Beyond Basics
    Make the most out of every dollar.

    A biweekly newsletter about personal finance – go beyond common sense and dig deeper into money topics that matter. Read the Articles →

    Explore Articles →
  • Products
    Products
    • Financial Order of Operations
    • Know Your Number
    • The Money Guy Net Worth Tool
    • Millionaire Mission (Brian's Book)
    Know Your Number
    a Money Guy course

    This deep dive and interactive tool shows you how much wealth you need to retire, when you’ll get there, and how to get there faster! Let’s go →

    Explore products →
  • Resources
    Resources
    • Where To Start
    • Interactive Tools
    • Free Downloads
    Where to Start
    New to the Money Guy universe?

    Jump in and kickstart your financial journey with one of these 3 easy options. Start Here →

    Explore resources →
  • About
    About
    • About the Show
    • About Brian
    • About Bo
    • Press
    • Join the Team!
    The Origin Story
    How it all began...

    Get inside the mind and the major milestones of Brian Preston and Bo Hanson. Unlock the Money Guy Origin Story →

    Get to know Money Guy →
About Us

Change your life by
managing your money better.

Subscribe to our free weekly newsletter by entering your email address below.

Not receiving our emails and want to resubscribe? Click Here

Watch, Listen, Connect

Master your finances in 35 minutes →

ARTICLES

Is It Time to Change Your Financial Strategy?

Posted February 2, 2023

In this highlight, we discuss how to know if it might be time to change your financial strategy. This highlight is from our full show, “How to Win With Money in 2023!”
Transcript
After the last year, we have been getting lots of questions about if you should change your investment strategy. Last year was not a great year for many, and it can be disheartening to watch your hard-earned money decrease in value. The key to overcoming these fears and doubts is to take a bigger picture view and focus on the bigger goal. If you're saving for the future and building towards financial independence, it's important to remember that investing is a long-term game. While 2022 was a painful year, it's just a blip on the radar when you look at the bigger picture. Looking at the S&P 500 from October of 2007 to the end of 2012, you might be discouraged by the fact that the market didn't seem to do much, closing at $1,565 in October of 2007 and $1,563 nearly six years later. This is just the surface-level view. In reality, the S&P 500 was flat for those six years, but those who were investing and always buying into the market were actually building wealth. A good financial advisor is not going to sit on the sidelines and watch their money go flat for six years, but instead, always be buying, good news or bad. The human condition is always expanding, and there will always be opportunities to make money, even from disruptive technology like chatbots and AI. There are outliers in the market, but it's important to stay the course and be automated in your wealth-building process. By always buying, you'll likely like how it all plays out in the long run. In conclusion, 2022 may have been a difficult year, but it's important to remember that investing is a long-term game. The human condition is always expanding, and there will always be opportunities to make money. The key is to stay the course, always be buying, and stay focused on the bigger picture. To learn more about how powerful your dollar bills are, check out our free resource: Wealth Multiplier

The Money Guy Blog

Read through our thoughts and tips on how to manage your money better.

View more posts

Categories

Financial Planning

Tags

financial planning, personal finance, saving

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Net Worth Template

It’s our favorite time of year: time to complete your annual net worth statement!

View Resource

When Should I Claim Social Security?

Social Security can have big impacts on your retirement. But knowing when to draw Social Security can depend on a…

View Resource

Episodes

maxresdefault 88

We asked 25,000 Americans How They Manage Money. Here’s What They Said.

Watch Now
maxresdefault 89

Why $250k is Halfway to $1 Million

Watch Now
maxresdefault 86

How Student Loans Are Crippling Americans (& What They’re Doing About It)

Watch Now

Financial FAQs

  • How Much do I Need to Have Saved for Emergencies and Where Should I Keep it?
  • Do I Need a Will? What is the Best Way to Get One?
  • When Is It Ok To Stop Saving So Aggressively and Spend Money On Things I Want?
  • What is an HSA and Should I Contribute to One?
  • Any Advice on How to Teach my Kids About Smart Financial Planning?

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Roth IRA Guide

Buy Now
More Courses And Tools

Articles & Insight

A little knowledge is an amazing thing.

Get your money's worth of answers to your financial questions and more niche topics.

maxresdefault 88

We asked 25,000 Americans How They Manage Money. Here’s What They Said.

Watch Now
maxresdefault 89

Why $250k is Halfway to $1 Million

Watch Now
maxresdefault 86

How Student Loans Are Crippling Americans (& What They’re Doing About It)

Watch Now
More Blog Posts

Change your life by
managing your money better.

Subscribe to our free weekly newsletter by entering your email address below.

Not receiving our emails and want to resubscribe? Click Here

Watch, Listen, Connect

  • The Money Guy Show
  • Articles
  • Products
  • Resources
  • FAQs
  • About Us
  • Become a Client
  • Media Kit
  • Visit Abound Wealth
Disclaimer   |   Privacy Policy   |   Terms of Use   |   Store FAQs & Return Policy

Copyright © 2025 Money Guy, All Rights Reserved