The Mindset U Playbook

# 44 - Jon Helm - Finance Guy and Dad

Curtis Pelletier Season 1 Episode 44

In this engaging conversation, Curtis Pelletier and Jon Helm discuss the intersection of wealth management, youth sports, and financial planning. They explore the challenges parents face in navigating the costs of competitive sports, the importance of long-term investment strategies, and the psychological aspects of investing. The dialogue also touches on current trends in the stock market and the need for adaptability in a rapidly changing financial landscape.

Takeaways

  • The performance of the market can significantly influence mood and outlook.
  • Youth sports require substantial time and financial commitment from families.
  • Specialization in sports can lead to financial pressures and poor decision-making.
  • Parents should focus on long-term investment strategies for their children's futures.
  • Investing in U.S. stocks can provide protection against currency fluctuations.
  • The stock market is increasingly dominated by a few large companies.
  • Emotional management is crucial for successful investing.
  • Having a clear financial plan is essential for success.
  • Building a supportive financial team is akin to assembling a coaching staff.
  • Investors are becoming more conscious of the ethical implications of their investments.

Titles

  • Navigating Wealth Management in Youth Sports
  • The Financial Burden of Competitive Sports

Sound Bites

  • "If you're good, they're going to find you."
  • "Investing is about managing your behaviour."
  • "You need a plan to be successful."

Chapters

00:00
Introduction and Market Overview

01:14
Navigating Youth Sports Costs

03:49
The Pressure of Specialization in Sports

05:45
Financial Strategies for Aspiring Young Athletes

09:40
Current Trends in the Stock Market

11:02
The Impact of AI on Productivity

16:27
Health and Personal Development

17:46
Positive Financial Role Models

18:38
Simplicity in Investment Strategies

22:01
The Boring Truth of Serious Investing

23:06
Managing Behavior in Financial Success

24:50
Cautionary Tales of Wealth and Fame

26:45
Planning for Life After Sports

27:49
The Importance of a Balanced Identity

29:20
Spirituality and Sports: A Return to Roots

31:49
Critical Thinking in High-Performance Athletes

34:23
The Intersection of Spirituality and Finance

37:33
The Challenge of Delayed Gratification in Investing