Welcome to another episode of Pearls of Wisdom. Get ready to learn insightful financial advice from Senior Wealth Advisor, John Bruggemann. While our discussion is centered around the jewelry industry, his advice applies to individuals across all sectors—so be sure not to miss out!  John starts by introducing Advisors Capital Management, a family-owned independent registered investment advisor. He explains his fiduciary duty to act in the best interest of his clients and the firm’s policy of not selling commissionable products.  The conversation then moves to how the market performed in 2022, with John explaining how inflation caused a significant downturn in the stock and bond markets. He advises listeners to keep a cash reserve and reduce dependence on stocks for income.  He also reminds us that the market always recovers from downturns and advises business owners to ensure they have the right retirement plan to maximize benefits under the current IRS rules. John also shares his expertise on the importance of regular financial check-ins. He recommends reviewing finances at least once a year to ensure they are headed in the right direction. He emphasizes the need to model any changes made in the analysis and suggests that one can afford to take more risks when the macroeconomic backdrop is favorable. We also touch on the cyclical nature of the jewelry industry, with John suggesting smaller businesses require financial advice more so than larger businesses. He also stresses the importance of treating all clients equally and not differentiating between them based on their fees. As a whole, John’s advice is relevant not just to jewelers but also to business owners and employees looking to secure their financial futures.  But that’s not all. There’s so much going on in this episode; the only way to fully experience it is to tune in and discover more for yourself!  Brought to you by: Southern Jewelry News: https://southernjewelrynews.com/ Jewelry Store Marketers: https://jewelrystoremarketers.com/ Learn more about the Pearls of Wisdom Jewelry Podcast https://southernjewelrynews.com/podcast Subscribe on your favorite podcast platform: • Apple Podcast = https://podcastsconnect.apple.com/my.-.. • Amazon Music/Audible = https://www.audible.com/pd/Pearls-of.-.. • iHeartRadio = https://www.iheart.com/podcast/263-pe... • Spotify = https://open.spotify.com/show/6IU1OHw... • Google Podcast = https://podcasts.google.com/feed/aHR0...