All About Your Benjamins

In this episode, Terry and Justin talk about health, longevity, and the Yin and Yang of living longer and trying to do so with good health. Special guests in today's episode! https://youtu.be/E3BatdXyCb0 Listen: Apple Podcasts Spotify Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

In this episode, Terry recaps the first 10 episodes of The Next Episode revisiting how they create a sort of checklist and then leads us down a discussion about recognizing when we are our best and how we can spend more time there. https://youtu.be/xZ2SeRb7z8g Listen: Apple Podcasts Spotify Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

In this episode, Terry reflects on the first year of his "Encore", aka retirement. The guys not only talk about how Terry has adjusted to his new life but also discuss some of the economic headwinds being experienced right now. In addition to The Next Episode, Terry has started writing about his experiences on his blog, Terry's Thoughts. Check it out at www.terrysthoughts.co. Plan to see an uptick in episodes of The Next Episode---we're looking to find our cadence to where you can expect to see a new episode every other week. https://youtu.be/2ftDFHfxDUA Listen: Apple Podcasts Spotify Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Andrew Martz CFP®, MBA. Andrew's chapter, What The Hat Lady Of Hollywood Taught Us can be found on page 105. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/7-gg7bvXVuk Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Jordan Benold. Jordan's chapter, High Earners, Not Wealthy...Yet can be found on page 89 . Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/inyPOo_bve8 Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Melissa Joy. Melissa's chapter, From Unanswered Questions To Financial Confidence, can be found on page 221. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/osD_1MTiUT4 Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Kevin Mahoney. Kevin's chapter, Living Your Own Financial Life can be found on page 193 . Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/UY24wHkAc-k Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Todd Bryant. Todd's chapter, A Change Of Retirement Plans can be found on page 155. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/1jRU0QVJ9uI Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Douglas Lynch. Douglas's chapter, Picking Up The (Financial) Pieces can be found on page 71. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/WD4BvvhCDak Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Steven Fox. Steven's chapter, What Matters The Most can be found on page 95. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/q1g1XboxtF8 Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Michael Baker. Michael's chapter, Finding A New Life Plan can be found on page 63. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/icAsRPjB5tM Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Dana Menard. Dana's chapter, The American Dream can be found on page 113. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/mynEp9rGGSQ Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This episode of the More Than Money Series features Elliott Appel. Elliott's chapter, Living Today Planning For Tomorrow can be found on page 205. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/-cN3KGM_2As Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

We kick the More Than Money Series with Shanna Due, AFC®. Shanna is not only the author of the chapter Save A Life?, which you can find on page 213 of the book but she is also the leader of the effort to bring More Than Money To Life. Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here--your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/AgzzLrJM0Ok Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/sBUKbgxWgPc Week In Review Articles The WSJ: The Markets Are Locked in a Game of Chicken With the Fed The WSJ: U.S. Consumer Sentiment Edged Up to Nine-Month High in Early January as Inflation Eased The WSJ: Economists in WSJ Survey Still See Recession This Year Despite Easing Inflation The WSJ: Yellen Calls on Congress to Raise Debt Limit https://twitter.com/AndreWorrell7/status/1614715010642739200 Weekly Mixtape Morgan Housel: The Art and Science of Spending Money "But that ultimate goal can break down when your relationship with money becomes an ingrained part of your personality. You struggle to break away from focusing on money because the focus itself is a big part of who you are." Casey Grisez: Trophies "What if we lived every day to win the "trophies" we want at the end of life rather than grinding ourselves down over today's game of whack-a-mole?" Dr. Joy Lere: Tipping The Scales "Unfortunately, many people lack the humility to admit that they don't (can't) know it all. They won't acknowledge that what works for them may not be appropriate for everyone everywhere. " Dr. Phil Pearlman: Gamifying Yourself "Whatever journey you are embarking on, whatever mountain you are about to climb, start with something that you feel confident you can do. Easy level one." Wealth Found Me: Decisions, Decisions: "It took me long after that school project to realize that the real risks are the silent, mundane tasks of everyday life. Our diets, posture, and even our sleep balance. What that project really taught me was that you need to get to the problem before the problem finds you." Jeremy Finger: Principles of Success From Charlie Munger, Finding Inner Calm, & The Science of Well-Being "Reputation and integrity are your most invaluable asset and can be lost in a heartbeat." A Wealth Of Common Sense: The Long-Term Wins "Patience will still be rewarded. Long-term investors will always have a higher probability of success than short-term investors." Of Dollars And Data: It's Time To Work "I don't say this because I have anything against investment research, but to point out something that the investment industry doesn't want you to know—most people don't get rich through their investment decisions, they get rich through their income. They get rich through their work. Even those who do get rich from their investments, typically, had to work to get the money they used to invest in the first place." PRST: On Our PRST--Creativity On The Court With Justin Ochoa My Daily Notes Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/2-GgDLWmjIM Week In Review Articles The WSJ: Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely The WSJ: U.S. Inflation Eased in November, CPI Report Shows The WSJ: Stocks Fall, Pressured by Mounting Recession Concerns The WSJ: Congress Faces Deadline for Keeping Government Funded The WSJ: FTX's Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy https://twitter.com/joelakamag/status/1603357394846760960?s=61&t=9yDC-ZlV5Q9Y7pltiMsTcQ Weekly Mixtape Morgan Housel: Why Competitive Advantages Die "The only thing harder than gaining a competitive edge is not losing that advantage when you have one. That's as true for careers and investment strategies as it is for business. And since people are naturally optimistic, there's a tendency to put more thought into finding an edge than not losing it once you find one." Casey Grisez: Sidewalk View "But when the boys and I went by other houses, we saw people relaxed and enjoying Thanksgiving. I began to feel like I was looking at how the holidays are supposed to be. I don't know if it was the fresh air, the huge meal, or the second glass of wine, but I thought about how many Thanksgivings I have left." Dr. Joy Lere: It's A Wonderful Life "We don't get to watch the reel of what this world would be like without us. Still, we need to live, love, and work knowing that it will count in ways that we will never fully know.  Think about the people you love the most. " Dr. Phil Pearlman: Setting Health Goals For 2023 "You don't need to set impossible goals that will lead to injury if you don't know how your body responds to pushing it to its limits. Not getting injured is important as recovery time sets you backwards." Of Dollars and Data: The Gift Of Time "Because everything I write isn't really about money, it's about time. Time with your loved ones. Time to enjoy yourself. Time to live the life youwant. In the end, all of your money will be converted back to time anyways. If not now, then later. And if not by you, then by someone else. Possibly after you're gone." More To That: The Meaning Of Life Is Absurd "In this futile pursuit of escaping the absurd, nothing will ever be good enough because we are always chasing an elusive grand narrative, our overarching meaning of life. We will forever be chasing our own tails, wondering when the hell the universe will answer our individual calls for purpose." A Wealth Of Common Sense: Money Lessons From White Lotus "The murder mystery aspect of the show was tremendous but my finance brain couldn't help but notice a number of money and behavioral psychology lessons from this season's cast." Clint Haynes: How Inflation Affects Planning Your Retirement "Inflation can really eat into your retirement if you're not careful. However, with proactive planning, you can effectively combat inflation. You don't have to let inflation slowly erode your lifestyle over time." Elliott Appel: Is Long Term Care Insurance Worth It? "How will you pay for care? Which assets will you use? Do you plan to receive care at home? Can you rely on friends and family for care and if so, for how long? Is long-term care insurance worth it? " All About Your Benjamins: This Year's Best Present: Your Presence Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/FfKqValJtfA Week In Review Articles The WSJ: November Employment Report Shows U.S. Economy Added 263,000 Jobs The WSJ: Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise The WSJ: Dow Shines as Higher Rates Squeeze Nasdaq's Tech Stocks The WSJ: Yield Curve Inversion Reaches New Extremes The WSJ: Kroger Says Food Inflation Beginning to Ease https://twitter.com/FiSurgi/status/1597415923207802881 Weekly Mixtape Morgan Housel: Getting Wealth vs. Staying Wealthy "But keeping money requires the opposite of taking risk. It requires humility, and fear that what you've made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you've made is attributable to luck, so past success can't be relied upon to repeat indefinitely." Dr. Joy Lere: The Gifts We Give Our Kids "Older kids who may have more of a sense of what things cost can often catch on pretty quickly if someone is trying to replace time or presence with nice things. I talk to these people in therapy. Trust me, this strategy doesn't work. You can't buy love.' Dr. Phil Pearlman: A Practical Guide To Staying Healthy Over The Winter "It is my hunch that over the coming years, we will find that mobile device addiction, including use at night, is much worse for our mental and physical health than even the most ardent digital minimalists currently claim." Khe Hy: How To Deal With Regrets "I personally don't have many regrets. Not because I'm special or risk-seeking, but because I see the actions I've taken in my life as exactly that: my life." A Wealth Of Common Sense: This Year Could Have Been Worse For Investors "Rational investing comes from the understanding that long-run returns are the only ones that matter." Of Dollars And Data: How Much Growth Can You Expect? "I wanted to share these results because there are many personal finance gurus who will advertise expected growth numbers far in excess of this and it can be quite misleading. " The Reformed Broker: Why They Clapped For Sam Bankman-Fried "Bernie Madoff confessed his crime to his sons and he was in handcuffs before the end of the day. And that shit was like fifty times more complex than wiring customer funds into a hedge fund or using collateral to buy properties in the Bahamas in your parents' names. Madoff had an entire floor of an office building in Manhattan dedicated to creating fake account statements, staffed with multiple accomplices, over the course of decades. Sam looks like an amateur in comparison. A dabbler. Still walking free, weeks later. It's inexplicable." Jeremy Finger: Retirement Spending Is Just As Important As Retirement Savings "You have more immediate control over what you spend, than what you earn. Too often, financial articles talk about how to make more money. They don't talk enough about needing less money." Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

https://youtu.be/sbE1MqzpwBc “The headlines that may or may not be impacting your financial plan and portfolio.” Week In Review Articles Mindful.org: How To Practice Gratitude CNBC.com: Black Friday Online Sales Top $9 Billion In New Record The WSJ: Congress Returns To Tackle Government Funding, Same-Sex Marriage, Railroad Strife CNBC.com: Student Loan Payments May Not Resume Until August Subscribe To The Weekly PRST to connect Mind, Body, Soul and Money. https://twitter.com/thejustinwelsh/status/1595115694768754704 Weekly Mixtape Casey Grisez: Thankful "While writing about that nightmare from 2003, I realized something: I'm grateful for it. It provided an appreciation for life, health, and the kindness and support of those around me. Realizing how short and unpredictable life is has fueled my desire to take (calculated) risks." Of Dollars And Data: Learning To Live "Many times in life you'll have the opportunity to assume negative intent in others. Don't do it. You'll often be wrong and even when you are right, assuming negativity all the time is no way to go through life. Most people don't want to wrong you. Keep this in mind before rushing to judgment. After all, one man's trash isn't always what it seems." Dr. Joy Lere: Boundaries--The Gift That Keeps Giving "When people first think of holding boundaries, they often think about how to set limits with others, but it's important to master yourself first. We are often our own worst enemy. We're quick to give ourselves excuses when we opt for the easy way out instead of showing up as the person we truly want to be." Dr. Phil Pearlman: The Seasonality Of Weight Gain "The Right Foot Rule says start the day super healthy. For me, this means 2 things. 1.) Getting a run or a workout in before the festivities begin, and 2.) Making sure the first thing you eat is healthy and satiating. This might mean having a bunch of eggs before the party or maybe you go in hard on the turkey before having anything else." Darius Foroux: To Build Inevitable Wealth, Simply Avoid Financial Ruin "There are multiple ways to build wealth. You can get rich in endless ways. That's exactly what makes building wealth so difficult." Not Boring: Discounting Belief "The more uncertainty there is around cash flows and valuation methodologies, the more sensitive an asset should be to changes in the macro Belief Rate. That, I think, is the main reason crypto prices jumped so high during the 2020-2021 bull run and why they've tanked so hard in this bear market." A Wealth Of Common Sense: The S&P 500 is Not the Economy "But even if you had a crystal ball that foretold which one of those scenarios was coming in the new year, it probably wouldn't help you predict what's going to happen to the stock market." The Reformed Broker: Past Performance "Stocks have been the best asset class in terms of outperforming inflation over the last century. We know this for certain. Over the last seventy years, stocks are undefeated versus inflation, but only over the longest time horizons. Stocks have outperformed inflation 100% of the time over all twenty year periods." All About Your Benjamins: Why I'm Thankful I Burned Out "While you reflect back on what you're thankful for this Thanksgiving holiday weekend don't forget to look at the imperfect events in your life that with the benefit of hindsight were actually positives for you." Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/BIjuR1wGoVU Week In Review Articles The WSJ: Inflation Sits at 8.2% as Core Prices Hit Four-Decade High The WSJ: Dow Closes More Than 800 Points Higher in Volatile Day The WSJ: Mortgage Rates Hit 6.92%, a 20-Year High The WSJ: Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades https://twitter.com/jayclouse/status/1580535354343686145 ☝️You can replace creators with everyone ☝️ Weekly Mixtape Morgan Housel: Little Rules About Big Things "People have vastly different desires, except for three things: Respect, feeling useful, and control over their time. Those are nearly universal." Casey Grisez: Resistance "I resorted to writing "STS = LTS" at the top of all my notes and papers: Short-Term Sacrifice equals Long-Term Success. (No, I was not one of the cool kids.) I wanted to remind myself to work through the hard classes, long days of homework, late nights, and endless frustration because it would pay off in the end" Andrew Zaro: Every Storm Runs Out Of Rain "While inside of those negative periods, our brains turn on their “pessimism bias,” where our thoughts tend to skew towards the negative, insinuating things will never get better and we are doomed. The truth is rather somewhere in between - as it always seems to happen." Dr. Joy Lere: Fault Lines "The times we choose blame are when we need nuance the most. Blame is easy, but it won't get you where you want to go. Exert the cognitive effort to practice self-awareness and take a fuller perspective. It's much more likely to pay off. Pointing fingers rarely leads to productive outcomes." The Reformed Broker: You Weren't Supposed To See That "When some people have prosperity and the American Dream is still a brass ring for the masses to reach for, the system works. Everyone stays in line. When the American Dream is actually attained – by everyone all at once – the system buckles. That's what you're living through today." A Wealth Of Common Sense: What The Worst Case Scenario For Stocks "But when it comes to investing, you also have to balance being optimistic with being realistic. For me that means being a long-term rational optimist with the understanding that things can and will get really bad in the short-term on occasion." Pragmatic Capital: There's No Fed Pivot Coming "Many people these days are talking about a Fed “pivot”. This idea that they will alter their rate of change in interest rates and manage the “soft landing” they desire. But this implies that they're in control and still moving the ball towards scoring. No. The Fed has already turned the ball over and they don't realize it yet. And when they do they'll have to backpedal. There will be no pivot because you can't pivot when you've already committed a turnover." The Irrelevant Investor: Bad News Is Good News "Stocks go up over time, but they can experience brutal setbacks that make you question everything you once thought to be true. The key to harvesting that long-term return is patience, a strong stomach, and proper risk management, which can vary wildly from investor to investor." PRST: On Our PRST with Austin Keen--The Grinder PRST: The PRST--Why You Need To Keep Your Mind Positive https://youtu.be/Trmxq5xhyxQ Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

It's been a little over six months since Terry joined me at RLS Wealth and officially embarked on his "encore". I thought it would be fun to turn the mic on him and ask him what he's learned so far and what he sees coming in the future. We didn't cover everything in this first episode, so we'll be recording a part 2 soon. https://youtu.be/v0NTpm0OVhg Listen (coming soon) Apple Podcasts Spotify Google Podcasts Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/sdO81L-GST8 https://twitter.com/lazettabraxton/status/1573853721137713158 Weekly Mixtape Morgan Housel: Incentives--The Most Powerful Force In The World "Stories are the only realistic solution, simplifying complex problems into a few simple sentences. And the best story always wins – not the best idea or the right idea, but just whatever sounds the best and gets people nodding their head the most. " The Reformed Broker: You're Not Good At This "It's not numbers on a spreadsheet. We're talking about people's lives being played with. The social costs of being separated from employment are obvious on an aggregate level. On a local and personal level they can be catastrophic. Creating massive bubbles in one calendar year only to have to pop them in the following calendar year is irresponsible. There should be something in between 90mph and slamming on the e-brake. Is this not taught in PhD school? Most of us are taught moderation in elementary school. The marshmallow test. Impulse control. Nap time. Listening." Bob Seawright's The Better Letter: Working Hypothesis "Free global markets do not test reality directly. But a new product that works better than existing products can garner capital, sales, and profits, making such “truth” actionable. And false claims generally indicate a poor product and lead to fewer sales, providing accountability." Dr. Joy Lere: Third Eye Blind "Humans will go to great lengths to avoid looking in the mirror. The truth can be hard to stomach, but we can only reach our full potential when we dare to see ourselves clearly. This process occurs through relationships. We need other people to refract the parts of us we can't, don't, and won't see." Morningstar: The Worst Year In U.S. History For The 60/40 Portfolio "An even better reason not to jump off a cliff is the performance of the 60%/40% portfolio following past occasions in which it lost as much or more as it has this year. Over the five subsequent years following those past occasions, the portfolio turned in well-above-average returns -- as you can see from the table below." Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/fBiKKwg_JWQ Week In Review Articles The WSJ: FedEx Stock Tumbles After Warning on Economic Trends The WSJ: Stocks Suffer Worst Day Since June 2020 The WSJ: Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis Coindesk: The Ethereum Merge Is Done, Opening A New Era For The Second-Biggest Blockchain The WSJ: Patagonia Founder Is Giving His Company Away in Pledge to Fight Climate Change https://twitter.com/SahilBloom/status/1571137341997318147 Weekly Mixtape Morgan Housel: Three Big Things: The Most Important Forces Shaping the World "People like to talk about new technologies and innovations, because that's fun. Demographics aren't fun. But they're going to be as important, if not more, to overall economic growth than most innovations over the coming decades." Jim O'Shaughnessy: The Thinker And The Prover "So, let's do this instead—think about what you want your life to look like? Fire up your Thinker and think it through. Then write it, with a pen or pencil on a sheet of paper. When you're done, read it over and put the sheet somewhere safe. Then, on the next day, do it again but WITHOUT reading what you wrote on the first day. Do this exercise for 10 days in a row. After finishing on the tenth day, review everything you wrote and highlight the items that appear most frequently. Finally, write out a new sheet that contains everything that appeared most frequently in all 10 days.`" A Wealth Of Common Sense: Filling Up Your Dream Bucket "Time is a finite resource for us all but when you know it's about to run up it can put things into perspective in a way a simple questionnaire could never do." Of Dollars And Data: Should You Invest More After Market Declines "As you can see, across all drawdown thresholds tested, the future returns over the next one, three, and five years are higher than during all other months. If anything, this means that buying the dip in international equities worked better than buying the dip in the US since the late 1980s." Dr. Joy Lere: Unabridged "Everyone you meet is living a story that you know nothing about. Be curious. Have compassion. There are people in your life that want you to witness what they need to share. Show up and shut up. People don't want your trite platitudes or quick-fix solution–they're desperate for your presence." Dr. Phil Pearlman: The Most Boring Superpower Ever "In fact, using energy to exercise is the only thing in the universe that does not follow the laws of conservation of mass and energy, because, somehow,  the more energy you use the more you have." Humble Dollar: Tiresome Debates "That raises the obvious question: If what I say is true, why do many folks resist paying down debt? Some may have mortgages or other debt with interest rates that are less than the yield they can earn on bonds, so buying bonds would be the rational choice." The PRST: Life Planning > Financial Planning x Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/7JjhGyKhsv8 Week In Review Articles The WSJ: Biden's Student Loan Forgiveness Plan to Cancel Up to $20,000 in Debt for Millions The WSJ: Powell Says Fed Must Show Resolve in Fighting Inflation The WSJ: More Stocks Are Taking Part in Bounceback Rally The WSJ: Investors Ramp Up Bets Against Stock Market as Summer Rally Fizzles https://twitter.com/nylebayer/status/1561547282679443457 Weekly Mixtape Morgan Housel: Big Beliefs "Sitting still feels reckless in a fast-moving world, even in situations where it offers the best odds of long-term compounding." Dr. Joy Lere: Crossed Wires " When we only give people fragments of our attention, we only hear broken parts of their story. True listening isn't an auditory exercise--it's is an experiential one." Dr. Phil Pearlman: On Building Resilience "Making ourselves uncomfortable as a habit whether it be through rigorous exercise, taking cold showers, or having difficult conversations etc preconditions us for the life setbacks which inevitably occur." A Wealth Of Common Sense: Two Predictions "Obviously, most of the people who buy a house have to sell their current home since people will always have to move for one reason or another so it's not like supply is going to vanish altogether." Kyla Scanlon: Getting POW'ed "I think one thing that strikes me about ‘Quiet Quitting' is the clear lack of passion for the work, which again makes total sense. A lot of jobs don't really have things for people to be passionate about - but is passion disappearing entirely?" Young Money: F*ck You Money "A small increase in wealth leads to a massive increase in happiness when you have little, and massive increases in wealth hardly move the bar as net worth increases. For this exercise, it is important to note that happiness is very low when wealth is zero." A Teachable Moment: Forty-One Quick Tips For Health, Happiness, and Wealth "Work on being present. The past and future are only passing thoughts in our minds." All About Your Benjamins: Helping Clients Create Lives, Not Just Get Through Life–A Talk With The FPA of Orange County https://youtu.be/0y29DW156m4 All About Your Benjamins: More Than Money--A Book From The AGC Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/Q5rhEOCYrJ8 Week In Review Articles The WSJ: Biden Signs Bill Aimed at Lowering Drug Costs, Boosting Renewable Energy CNBC.com: Jobless claims edge lower as Fed looks to cool labor market The WSJ: U.S. Home Sales Dropped in July for Sixth Straight Month The WSJ: Andreessen Horowitz Backs WeWork Co-Founder Adam Neumann's Real-Estate Startup Flow https://twitter.com/thejustinwelsh/status/1560295995119964163 Weekly Mixtape A busy week of travel, so not much time for reading. The recommended reading will be back next week. Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/NqrSYw17arw Week In Review Videos CNBC.com: Consumer Prices Rose 8.5% In July, Less Than Expected As Inflation Pressures Ease A Bit The WSJ: July Jobs Report: U.S. Added 528,000 New Jobs as Unemployment Rate Fell to 3.5% The WSJ: FBI Recovered 11 Sets of Classified Documents in Trump Search, Inventory Shows The WSJ: Advertising Slowdown Spreads Beyond Tech Giants to Hit TV Networks, Publishers The WSJ: Consumers Are Still Spending on Fun https://twitter.com/Steph_Bogan/status/1557723198904365058?s=20&t=53vJbP0BUy3JtF3qDrNmgg Weekly Mixtape Morgan Housel: Rare Skills "We are all prisoners to our past, products of our generation, and influenced by who we've met and what we've experienced, most of which has been out of our control. Some are worse than others, and some are more aware of their blindspots. But everyone has a firmly held belief that an equally smart and informed person disagrees with." Dr. Joy Lere: Crossed Wires "You've missed the mark if you hear someone's words but fail to connect what is coming through your ears to your head, hands, and heart. " Dr. Phil Pearlman: Three Years And A Day "Alcohol is much worse than people acknowledge. It's terrible for our health whether we have lost things directly or not." Jared Dillian: Maintaining Relationships "I think that maintaining relationships is a habit of highly effective people. But people come and go in your life. The friends you have today are probably not going to be the friends you have ten years from now." Young Money: 1+1=3 "What I could do, however, was weave a different narrative so compelling that neither my alma mater nor employer would matter all that much in the first place." Darius Foroux: It's Time To Rethink Retirement "Finally, Okinawans don't have a word for retirement. It doesn't exist for them. Instead, they have “Ikigai.” Which means “reason for being.” They tend to remain active and avoid becoming passive." The Irrelevant Investor: What Moves Markets? "In the short term, the market is all about positioning and expectations. Things can sell off on great news if expectations are too high and they can rally on terrible news if expectations are too low. It's not about good or bad, it's about better or worse." Humble Dollar: What They Believed "Here are six financial opinions that were then widespread—but have since fallen by the wayside:" Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/IHuTKVuHnvo Week In Review Articles The WSJ: Fed Lifts Rates by 0.75 Point Again The WSJ: U.S. Stocks Rise, Giving S&P 500 Best Month Since 2020 The WSJ: Rich Americans Keep Borrowing, Defying Economic Gloom The WSJ: Single Ticket Wins ​$1.337 Billion Mega Millions Jackpot https://twitter.com/DeadCaitBounce/status/1552465759317655552 Weekly Mixtape Morgan Housel: Tails You Win "A takeaway from that is that no matter what you're doing, you should be comfortable with a lot of stuff not working. It's normal. This is true for companies, which need to learn how to fail well. " Jonathan Clements: Now And Them "But in the end, managing time is more important than managing money, because time is the ultimate limited resource. I should lead a more balanced life. I know that intellectually. But I'm still trying to convince myself." Young Money: What Recession? "The extent to which you believe our economy is cratering has more to do with your perception of reality than reality itself. The more that you normalized the euphoria of the last few years, the stronger your negative feelings will be." Dr. Joy Lere: The Struggle With Solitude "When we get uncomfortably honest about why we don't want to slow down, I believe it's because, on some level, we are terrified. If you pay close attention to yourself, what might you learn? There is a lot people are afraid to discover." A Wealth Of Common Sense: Why The Financial Goalposts Are Always Moving "Moving the financial goalposts is an odd paradox of the human experience. On the one hand, it's a good thing we're so driven to improve our place in life. The drive to get better is what fuels innovation, growth and progress. But those same attributes can also drive you mad if you never feel satisfied with your accomplishments or blessings." Your Brain On Stocks: "Some Worry" s "The implication being that if “some worry” about that possibility, then perhaps more should also worry. So if we're not super worried, should we be worrying? Are “some” smarter than us? If “some” are doing something, should we be doing something? Before we know it, we're inhaling the secondhand worry, absorbing the negativity via osmosis." All About Your Benjamins The Podcast: The Next Episode--Cogli L' Attimo Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/2oZ23DV5CIs Week In Review Articles The WSJ: Fed Officials Preparing to Lift Interest Rates by Another 0.75 Percentage Point The WSJ: There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough? The WSJ: Heat Wave Hits U.S. Farms, Stressing Crops and Ranchers' Herds CNBC.com: Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers The WSJ: ECB Raises Rates by Half-Percentage Point in First Hike Since 2011 The WSJ: They Thought ‘Crypto Banks' Were Safe, and Then Came the Crash The WSJ: Twitter-Musk Trial Set for October in Lawsuit Over Stalled $44 Billion Takeover https://twitter.com/aaraalto/status/1550900882828627969 Weekly Mixtape Will be back next week...didn't do much reading on vacation. Khe Hy: There's No Playbook For Grief “When someone we love dies, we get so busy mourning what died that we ignore what didn't.” Justincastelli.io: Holding On To What Was Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

Terry and I both have "cogli l'attimo" tattooed on our foreams to remind us to seize each day. In this episode we start off by talking about making the most of each day and then head off to other topics. https://youtu.be/iZZwAZLbQ8w Listen: Apple Podcasts Spotify Google Podcasts Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/JD_WfxjZVqU Week In Review Articles The WSJ: U.S. Added 372,000 Jobs In June CNBC.com: Here's Where The Jobs Are For June 2022--In One Chart The WSJ: Inflation Fears Drove Larger Fed Rate Increases In June The WSJ: Oil Prices Pulled Lower By Dimming Demand CNBC.com: Another Hot Inflation Report And The Start Of Earnings Season Make For A Challenging Week Ahead The WSJ: Elon Musk Seeks To Abandon $44 Billion Twitter Deal The WSJ: Gru Brings Families Back To Movie Theaters https://twitter.com/jackbutcher/status/1545956683113009153 Weekly Mixtape Morgan Housel: Lifestyles "Last year I had dinner with a financial advisor who has a client that gets angry when hearing about portfolio returns or benchmarks. None of that matters to the client; All he cares about is whether he has enough money to keep traveling with his wife. That's his sole benchmark." Dr. Joy Lere: The Summer Of A Thousand Goodbyes "Transitions are not my favorite thing. I've been forced to become agile, but I don't always love it. I find moving hellacious. As I brace for relocation, I tend to go through a grief process that includes sorrow and rage. Each time my address changes, I'm leaving a lot behind. I look at my life in boxes and my heart aches. Still, I've come to appreciate that's a good sign.' Dr. Phil Pearlman: Elements Of Successful Progression "With health and fitness especially, most quick fixes are not real and behaviorally, they are terrible, as they prevent intrinsic motivation and identity development." A Wealth Of Common Sense: What Should Long-Term Investors Buy During A Bear Market? "You will never hit the cover off the ball with a diversified strategy but you will always end up on the winning team. Owning the market, by definition, means you will own the winners, even if you don't know what they will be in advance." Of Dollars And Data: In Defense Of Dollar Cost Averaging "Don't fear though, because I am here to defend dollar cost averaging as the greatest investment approach ever invented for the individual investor. How so? Because I'm going to show you how it held up during one of the worsts period in U.S. stock market history—the mid 1960s to the early 1980s. And if it worked there, it can work anywhere. Let's dig in." Jared Dillian: Ambition "Ambition is a good thing. Sometimes I will recommend someone for a job. Inevitably I tell them: if you want to hire someone who is smart and ambitious, don't be surprised if they turn out to be smart and ambitious. Ambition is good, but ambitious people can upset an organization." All About Your Benjamins: Talking To Our Kids About Money--Fox 59 News Justincastelli.io: PRST & The US Olympic Breaking Hopefuls Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/dmVXymKbVbg The WSJ: Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside The WSJ: Fed Chair Jerome Powell Says Higher Interest Rates Could Cause a Recession The WSJ: Facebook, Netflix and PayPal Are Value Stocks Now The WSJ: Supreme Court Overturns Roe v. Wade, Eliminates Constitutional Right to Abortion https://twitter.com/DrPrestonCherry/status/1539975055274192898 Weekly Mixtape Morgan Housel: Keep It Going "It's astounding, isn't it? Some of the best athletes in the world spend almost all their time working way below potential, purposefully not pushing themselves to the limits." Jack Raines: A Politically Incorrect Blog Post "When you have the power to make decisions that impact the lives of hundreds of millions of people, the real-life, actual outcomes and consequences of your decisions should be more important than the white knight crusade that you believe that you are embarking on." A Wealth Of Common Sense: How Long It Take For Stocks To Bottom In A Bear Market? "As always you can find historical data that makes you feel better or worse about the current situation." The Irrelevant Investor: Three Types Of Investors "The most overwhelming display of selling in history. Wow. Turns out that people are fearful when others are fearful, even “the smart money”." Packy McCormick: Web3 Cases Today "Whether today's most popular web3 use cases feel silly or legitimate is a matter of opinion. Even if you fall on the “silly” side of the spectrum, that only means that you find them silly, not that they're not real use cases." PRST: Somewhere Between Jay Shetty and Ramit Sethi Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

In a crossover episode with PRST, I talk with Ramona Maior about her path to becoming a financial advisor and how her passion (and purpose) extend to more than financial planning. Ramona's story is remarkable and she's really just getting started with the impact she will make. Her story also shows how you can have a career that you are passionate about and at the same time it can be the means to allow you to pursue an even greater passion. https://youtu.be/2hy6KvJSXTA Listen: Apple Podcasts Spotify Google Podcasts Follow: Ramona's Twitter Ramona's LinkedIn Family Wealth Management Group Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

We all plan to live long lives and hopefully have an enjoyable encore season in our life. In this episode Terry leads us through a discussion about why and how we should prepare to not just live a long life but to find meaningful longevity. https://youtu.be/p173UrfLpkQ Listen (coming soon): Apple Podcasts Spotify Google Podcasts Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/3eRgyllLdH0 Week In Review Articles CNBC.com: Payrolls Rose 390,000 In May, Better Than Expected As Companies Keep Hiring The WSJ: May Jobs Report Keeps Fed on Track for Half-Point Interest-Rate Rises The WSJ: Biden Says No Short-Term Fix to High Energy, Grocery Prices The WSJ: Lumber Prices Slump With Rising Interest Rates https://twitter.com/jjeffrose/status/1532497288916095000 Weekly Mixtape Morgan Housel: Different Kinds Of BS "Bullshit is the same. It comes in countless forms, some harder to spot than others. False modesty, projecting, double standards, hypocrisy, tugging at heartstrings – these aren't lies; they're subtle forms of bullshit, which is why they're so prevalent." Morgan Housel: The Rich And The Wealthy "I'm always interested in the difference between getting rich and staying rich. They are completely different things, and many of those skilled at the former fail at the latter." Taylor Mali: Totally Like Whatever, You Know "I entreat you, I implore you, I exhort you,I challenge you: To speak with conviction.' Jack Raines: The Future Of You "To find the path that you should take, you need to actively avoid the paths that you know you shouldn't take. This doesn't necessarily mean quitting your job on a whim. You do still need an income, after all. But this does mean you shouldn't look for new opportunities on paths that present the same problems as your current one." Our Tiny Rebellions: Cheese Fixes This "No one knows for sure where cheese came from. Old folklore suggests it was an accident, the result of storing milk in containers made from animal stomachs, which contained enzymes that caused the milk to coagulate and separate into curds and whey. This isn't the most appetizing history lesson, but alas. The pioneers had to walk so Kraft could run.  " Dr. Phil Pearlman: Enlightenment Is Just Rediscovering "The universe is greater than we can fathom, filled with things we'll never grasp, and our place in it is unknown." Dr. Joy Lere: Field Of Dreams "When it comes to youth sports, somewhere, things went way off the rails. Competition and pressure started to crowd out fun and cooperation. Parents feel pressure to keep up with what they see their peers doing and, as a result, over-enroll their kids. In extreme (but not infrequent) cases, families are now spending most of their nights and weekends at events, hemorrhaging thousands of dollars, and traveling around the country year-round to set their child up for "success." Adults reason, " For my child to be competitive, this is what we have to do because everyone else is too." Unfortunately, in many cases, overscheduled childhoods hurt more than help." Jazon Zweig: An Old Way To Fight Inflation Gets New Fans "These examples suggest why price controls have nearly always failed during peacetime. During national emergencies, people will put up with not being able to haggle, waiting in line to get a fraction of what they want and even being hauled in front of a review board of nosy bureaucrats." A Wealth of Common Sense: Compounding In The Stock Market Is Messy "This is why you need to play the long game. A long time horizon can help smooth out any poor timing you may have through either mistakes or bad luck." All About Your Benjamins: The Next Episode--Social Networking PRST: Building With Content The Weekly PRST Vol. 7 Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

For many transitioning to a new chapter/episode or as Terry's case, into his encore, means the social network once relied upon is gone. Finding a new social network is extremely important no matter the stage of life--as Terry shares a lack of social connection can have a negative impact on our health. Welcome to The Next Episode... https://youtu.be/l3LgNjLKeNs Listen: Apple Podcasts Spotify Google Podcasts Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

"“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/ln4yDe1h8zA Week In Review Articles The WSJ: Buffalo Supermarket Shooting Leaves at Least 10 Dead The WSJ: Stocks Trim Weekly Losses With Friday Gains The WSJ: Inflation Slipped in April, but Upward Pressures Remain The WSJ: Senate Confirms Jerome Powell to Second Term Leading Federal Reserve The WSJ: Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank.' The WSJ: Apple Is Discontinuing the iPod After a More Than Two Decade Run The WSJ: Lunar Eclipse 2022: When and How to Watch the Blood Moon https://twitter.com/heydannymiranda/status/1525619938018398214 Weekly Mixtape Morgan Housel: A Few Beliefs "Having your views confirmed is a powerful and addictive drug." Bob Seawright: So What?!? ":The inherent contradiction of false knowledge is that it feels like it's true. Our bias blindness is such that, most of the time, only people on the outside can see we're full of it." Dr. Joy Lere: Insight & Action: The Push and Pull of Porcupines "Humility helps us stay open and makes us more approachable. People see through the facade of pretension but respect authenticity. Don't try to be anything other than human. You're not fooling anyone." Dr. Phil Pearlman: Where Do I Begin? "These are the two things to start with that are fundamental and serve as the gateway to better fitness and more healthy habits that begin to click as you make walking and eating right habits." Lazetta Rainey Braxton: Should Gen Xers Keep Or Toss The Term Retire? "For some odd reason, saying the word (retire) aloud engendered a feeling of decline and a loss of purpose and identity. My fear of the future surfaced with irrational thoughts about transitioning from working to exiting this earth." A Wealth Of Common Sense: Things You See In Every Bear Market "In every bear market, some asset class, strategy or investment doesn't behave like it's supposed to. Diversification itself often gets called into question." The Irrelevant Investor: Twenty Lessons "It's important to never let a bad market go to waste. Our portfolios might be down, but we can learn and grow from experiences like this." Sam Ro: Bear Markets And The Truth About Investing "This all speaks to two conflicting realities investors must cope with: In the long run, things almost always work out for the better, but in the short run, anything and everything can go wrong. This is what investing in the stock market is all about." All About Your Benjamins The Podcast: The Next Episode-Pre-Encore Planning PRST: The Weekly PRST Vol. 5 Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

In this episode Terry puts Justin in the interview seat to discuss some financial planning topics and strategies for those heading into their "encore". Welcome to The Next Episode... https://youtu.be/SuGboZFXWZc Listen: Apple Podcasts Spotify Google Podcasts Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

"The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/RFu39u8frNg Week In Review Articles The WSJ: Fed Lifts Interest Rates by Half Point in Biggest Hike Since 2000 The WSJ: Stocks Extend Losing Streak to 5 Weeks The WSJ: The Tech Industry's Epic Two-Year Run Sputters The WSJ: Rapid Pace of U.S. Job Growth Stretched Into April The WSJ: Crypto Prices Slump Over the Weekend https://twitter.com/naval/status/1523087166938648576 Weekly Mixtape Morgan Housel: The Rich And The Wealthy "These definitions are my own, but here's the distinction: Rich means you have cash to buy stuff. Wealth means you have unspent savings and investments that provide some level of intangible and lasting pleasure – independence, autonomy, controlling your time, and doing what you want to do, when you want to do it, with whom you want to do it with, for as long as you want to do it for." Dr. Joy Lere: Let's Talk About Mom "Our mothers are a part of the mysterious, magical process of becoming who we are. Their presence, their absence, their place—whatever it is—marks us. " A Wealth Of Common Sense: Some Things I'm Not Going To Regret In 20 Years "But as I grow older I try to view my financial decisions through the lens of how my future self will view them." The Reformed Broker: Attitude Adjustment "Regardless, we are undergoing an attitude adjustment about investments that's one for the record books. The speed with which both bonds and stocks have moved against the investor class has been nothing short of breathtaking" Of Dollars And Data: We All Knew This Would Happen "Looking back now it seems so obvious that valuations of speculative cryptocurrencies and high growth tech stocks would collapse. The prices made no sense and we all knew they made no sense. But, in the moment, it's hard to imagine how everything could come undone. It's hard to imagine when everyone would wake up. But, they always do." Jack Raines: The Paradox Of Choice "When you have an abundance of good choices, the problem is reversed. You don't know what is "right" and "wrong," because every option is right. The aftermath of these decisions isn't filled with gratification and relief, it's filled with doubts and thoughts of "what if," because you know that choosing one good action means you must reject other good actions. So you find yourself paralyzed by indecision." Humble Dollar: Proud Of Nothing "To accomplish this feat, I tuned out cable business news. I avoided financial articles on topics like why you should sell bonds or overweight foreign stocks. More important, I ignored the financial markets' daily performance." Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

"The headlines that may or may not be impacting your financial plan and portfolio." https://youtu.be/oJXBLR7WrBc Week In Review Articles The WSJ: U.S. GDP Falls 1.4% as Economy Shrinks for First Time Since Early in Pandemic The WSJ: Tech Rout Drags Nasdaq to Worst Month Since 2008 The WSJ: U.S. Consumers Boosted Spending in March The WSJ: U.S. Consumer Sentiment Rebounded in April -- University of Michigan The WSJ: Bitcoin in Your 401(k): Is That a Good Idea? https://twitter.com/garyvee/status/1520577794396377089 Weekly Mixtape Morgan Housel: Never Saw It Coming "The biggest news, the biggest risks, the most consequential events, are always what you don't see coming." Dr. Joy Lere: Time Out "Time is slippery. How many minutes did you spend doomsday scrolling or looking at inconsequential things on your phone this week? Chances are a lot. Don't fold in on yourself with feelings of guilt or frustration. Interrogate your heart. Get curious about why you choose to spend your time how you do. Be ruthlessly honest with yourself." The Reformed Broker: It's Less Complicated Than You Think "The person who does the most always loses. " The Reformed Broker: Incoherence "When is a person most likely to buy a Ferrari? Within minutes of his startup being valued at $3 billion on the heels of the latest funding round. Less funding rounds at lower dollar amounts mean less Ferrari collecting. Now replace Ferrari with Bored Ape and tell me what the difference is. There isn't any difference." The Irrelevant Investor: The Is Average "It's a difficult environment for investors and it's probably not going to get any easier. It's not the smartest investors that will endure, but the most patient." Cullen Roche: A Cautionary Note About Home Prices " But could we see flat real estate prices for 5 years, a 1991 style 5% downturn in prices or something more prolonged? I think that's absolutely possible and should be a base case for anyone jumping into residential real estate today." Khe Hy: Bike-Shedding --When Trivial Tasks Ruin Your Day "6 months later, they haven't hit publish once. The trivial details are too seductive and give the false sense of progress. But they're literally still at Square 1 (and out a couple thousand dollars)." Jared Dillian: We Are All Here To Feel A Little Stress "Because when you go through pain, and you deal with it like an adult, and you face it head-on, and you emerge—victorious or not, you grow. You grow as a person. You grow mentally, emotionally, psychologically, and spiritually." Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

"The headlines that may or may not be impacting your financial plan and portfolio." https://youtu.be/4qhk8h1Lt7A Week In Review Articles The WSJ: U.S. Inflation Accelerated to 8.5% in March, Hitting Four-Decade High The WSJ: Mortgage Rates Hit 5% for First Time Since 2011 The WSJ: Twitter Adopts Poison Pill Plan to Block Elon Musk From Increasing Stake The WSJ: Peloton to Cut Price of Bikes, Raise Subscription Fees The WSJ: Jack Dorsey Tweet NFT Once Sold for $2.9 Million, Now Might Fetch Under $14,000 https://twitter.com/mkobach/status/1515158413273149444 Weekly Mixtape Morgan Housel: Staying Put "Most of the time you see someone do something incredible, with what seems like little effort, and you ask “How did you do that?”, the honest answer is, “I've been doing this every day for 10+ years.” Noticing patterns and connecting the subtle dots is something that's hard to teach in a classroom but becomes obvious when you've lived and breathed a field for decades." The Irrelevant Investor: What Actually Matters "It's an unfortunate reality of life that we take so many things for granted. Nothing is missed until it's gone." Darius Foroux: Focus On Your Skills--Not Finding Hacks "Whatever you do, avoid becoming complacent. When that happens, we always look for the easy way out. And that's when we fall for hacks and shortcuts. Those things will only do the opposite: They set you back." Spilled Coffee: The Ever-Moving Goalpost "We chase more money, more fame and more power. We look around and compare ourselves to our friends, neighbors, co-workers and even people we don't know. The constant pursuit of more never slows down. Everything passes you by with your constant thirst for more. The finish line doesn't exist. What is enough? When does happiness and contentment set in?" Darius Foroux: How The Simple Act Of Showing Up Can Make You Successful "When you run into challenges, it's important to stay positive and keep moving forward, and not give up. The moment you give in to one bad habit, it's the start of your downfall." Of Dollars And Data: Choose Your Status Game Wisely "I know some of you will say “Just ignore the status game altogether,” but this is easier said than done. Like many other animals, we are biologically wired to respond to status. Ignorance is not the way out." Dr. Phil Pearlman: Things We Consume & Things That Consume Us "We can apply principles of IF to digital media use in general and social media use specifically as a way to manage the time we spend consuming and being consumed by noise." Dr. Joy Lere: Hard Conversations "Humans are biased and hurt by their blindspots. You are in a position to give a gift when you can expand an individual's self-view." A Wealth Of Common Sense: Why It's So Hard To Spend Money In Retirement "For most people there's a little voice in the back of their heads telling them, “Sure, it worked out for most people in the past but what if the future is different? What if I retire at the worst possible time?”" All About Your Benjamins The Podcast: The Next Episode--Be A Dreamer Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

As you enter the next chapter in life, for Terry it's an encore career, it's important not to lose the ability to dream. In this episode, Terry and Justin discuss how a lack of courage keeps individuals from dreaming and why it's so important to keep those aspirations alive--to keep pushing forward. Welcome to The Next Episode... https://youtu.be/nS6NOlUw2YE Apple Podcasts Spotify Google Podcasts Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

https://youtu.be/dLpb44ujrJM Week In Review Articles The WSJ: Powell Says Fed Will Consider More-Aggressive Interest-Rate Increases to Reduce Inflation The WSJ: Mortgage Rates Hit Fresh Three-Year High The WSJ: U.S. Jobless Claims Fall to 187,000, Lowest Level Since 1969 The WSJ: Judge Ketanji Brown Jackson's Supreme Court Confirmation Hearings: What to Know Nike: Nike Partners With the Bryant Family to Honor Kobe's Legacy https://twitter.com/lazettabraxton/status/1507691427848929283 Weekly Mixtape Morgan Housel: How People Think "Most things are harder than they look and not as fun as they seem because the information we're exposed to tends to be a highlight reel of what people want you to know about themselves to increase their own chances of success. It's easiest to convince people that you're special if they don't know you well enough to see all the ways you're not." The Root Of All: The Art Of Money "Art and money share more similarities than we like to think. Money, like art, is a means of self-expression; it helps you turn the life you imagine into reality. They're both deeply personal. There is no one right way to sculpt a Greek goddess or invest in stocks. Most of all, money offers a lot of insights into human behaviors and sensations. " Darius Foroux: What To Do During A Recession-A Timeless Strategy "A recession is an ideal time to make a change. It could be switching careers, learning new skills, starting a new business, or moving to another division inside the company you work. What matters is that you stay alert and don't let the recession happen to you.: Dr. Joy Lere: The Last Time "We don't always get to plan our endings. Loss often isn't scheduled. Death never asks when you're ready to part ways. Anyone who has had their ability to say goodbye to someone they love taken away knows this too well. When things are abruptly upended and left unfinished, it changes you." Young Money by Jack Raines: Time Isn't Money "So you derive a little less satisfaction from each additional dollar. Who cares, as long as you're still gaining something, right? That's where Father Time comes in. If you want to make that extra dollar, you probably have to give up some extra time. Money and happiness aren't linear, but income and time are." The Irrelevant Investor: A Special Birthday "I just had the best birthday of my life. As a lifelong Knicks fan, there haven't been too many highlights over the years. Last night was one of them. I've been going to The Garden with my father for thirty years. Unfortunately, we can count on one, maybe two hands the number of memorable games we've been to together" Of Dollars And Data: When The Optimists Are Too Pessimistic "But if you can fight back against your default way of thinking, you might see things a bit differently. This is probably why I've become increasingly bullish on our future. Because I'm finally beginning to understand compounding. More importantly, I'm seeing it play out in my real life as well. I'm experiencing things that I only used to write about." Our Tiny Rebellions: Music Is A Time Capsule "Music can make you cringe, cry, laugh, and smile. It travels across time. And sometimes, it makes sitting in the silence of the present strangely comfortable. My negative space today appreciates yesterday's noise. It prepares me for tomorrow." The PRST: 'S' Is For Self Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

https://youtu.be/TTxEjigRESc Week In Review Articles The WSJ: Fed Raises Interest Rates for First Time Since 2018 The WSJ: Mortgage Rates Rise Above 4% for the First Time Since 2019 The WSJ: China's Covid-19 Surge Shuts Down Plants in Manufacturing Hubs Shenzhen and Changchun The WSJ: After Walt Disney, Robert Iger Heads to the Metaverse https://twitter.com/Steph_Bogan/status/1505184630734872579 Weekly Mixtape A Wealth Of Common Sense: Different Kinds Of Sad "Looking back has been cathartic. It doesn't take away the sadness but that sadness wouldn't exist if it wasn't for all of the fond memories we had with her." The Reformed Broker: Don't Bother Looking, It Will Find You "People who sell it will find you. That's their job. I know these people. They know exactly what they're doing. And once they've identified you they will prey upon your every weakness. Not only will they convince you that this is how the “real” wealthy people invest, they will set an artificial deadline for you to get the money in to them." Ryan Krueger: Yielding Better Results "He had a crazy job offer for his good buddy available - director of program development. Griff had it made in every way after making partner in the law firm making close to seven figures, and a loving wife with the deepest of roots in Houston. He was offered a basketball job, to move across the country for $32,000 a year salary." The Irrelevant Investor: It's Been A Good Run "What you do need is a plan. And nobody who's selling all their stocks today has a plan because nobody's plan is to panic sell. If you're trying to grow your wealth, and I don't know any other reason for investing, then part of the plan has to include living through discomfort. Any strategy that's predicated on all upside and no downside is bullshit." Of Dollars And Data: Great Depression Or Bust "First, they tend to assume that every market correction is “the big one” though it probably won't be. And, second, even when “the big one” comes, what's happening in their portfolio will probably be the least of their worries." Cameron Rufus: Lessons From The Bar "Chance was also created to represent all of us. As an economy and emotionally; They each move in cycles. We all have this euphoric period where everything is great and we feel unstoppable. Until real life sets in, we implode, and everything that seemed so sure comes crashing down." Jane McGonigal: Mental Time Travel Is A Great Decision-Making Tool — This Is How To Use It "Whatever you see in your future will always come from information your brain has already perceived and processed. Ideally, as you get better at imagining the unimaginable, you'll incorporate not just obvious ideas and events but also surprising things that could be important in your future." The PRST: The Importance Of Confidence Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

https://youtu.be/hdkxomMsKCQ Week In Review Articles The WSJ: Inflation Reached 7.9% in February; Consumer Prices Are the Highest in 40 Years The WSJ: Senate Passes $1.5 Trillion Spending Bill That Includes Aid for Ukraine The WSJ: Bitcoin Price Surges on Biden's Crypto Executive Order The WSJ: Amazon Board Approves 20-for-1 Stock Split, $10 Billion Share Repurchase The WSJ: MLB Owners and Players Agree to New Contract, Saving 2022 Season The WSJ: A Brooding ‘The Batman' Revives Moviegoing With Top Opening This Year https://twitter.com/khemaridh/status/1502786950775783425 Weekly Mixtape Morgan Housel: Low Expectations "Munger is right that unrealistic expectations assure misery, for two reasons. One is that the world is a fragile and volatile and complicated place, and the only way to avoid disappointment is to expect it. Second is that progress tends to move the goal post. So the only way to enjoy the modern world is if your expectations rise slower than its progress." Jack Raines: F*ck You Money "Ironically, the best indicator of having "f*ck you" money is the absence of having to think about money at all." Khe Hy: Are Ambitious Parents Bad Parents "I had discovered Ikigai. I operated from a flow state. And I smiled a lot" A Wealth Of Common Sense: Some Thoughts On Bear Markets "Volatility test your emotions and intestinal fortitude. Extended downturns test your patience and resiliance." The Reformed Broker: Say Less "Stop talking about non-financial events as though they can be quantified by glorified bookies running Excel models at an investment bank. Stop speaking in percentages when a misheard remark could change the course of a war and a stray bullet could change the world. Surely you must know better. Saying less is always a good option." Bob Seawright: Words To Live By "Everything can't be measured. In fact, the more important it is — love, learning, wisdom, imagination — the less it can be measured at all, and the more disastrous any attempt to do so tends to be." Jason Zweig: The Secret To Braving A Wild Market "Second, investors need not only the courage to act, but the courage not to act—the courage to resist" All About Your Benjamins: PRST On Our PRST: Surf's Up With Tyler Galbraith On Our PRST: Designing Life With Carl Paoli Fox 59: Dealing With Rising Prices https://youtu.be/xH-prWTTdGA Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

This conversation with Carl Paoli is the perfect sendoff for The Pursuit--going forward The Pursuit can be found on it's own podcast channel, PRST. Carl is a legend in the CrossFit community and although I've moved on from being a crazy CrossFit junkie, I've continued to follow him. Recently I noticed more of his content talking about mindset, designing life, and other themes that complement what we discuss on the PRST. Tune in as we discuss the importance of exploring in life, how he helps people assign meeting to new spaces people have felt, his work as a coach helping individuals obtain autonomy, and more. I could have talked with Carl for hours and I'm already working on manifesting a trip to San Francisco to hang with him in person and even shoot a PRST short with him as the subject. Until that trip happens, I'll be joining his May Interface Experience and Insider Circle. Be sure to give Carl a follow and if what he says resonates with you, then you should check out his community and courses. Let's get to The Pursuit... https://youtu.be/-4hoH1PfPmg Apple Podcasts Google Podcasts Spotify Follow Carl Freestyle Carl's Instagram Carl's Twitter Freestyle YouTube Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

Retirement has brought more time to Terry's schedule and he discusses how he is prioritizing his time management to maximize his happiness. Welcome to The Next Episode... https://youtu.be/AeBTQnnk_zk Apple Podcasts Google Podcasts Spotify Books The Mount Of Olives Atomic Habits Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

I've been hinting at slowing down, freeing up my schedule, having more experiences with Ang and the boys, taking better care of myself, and spending more time exploring my creative interests. I've told you I'd be able to share more about it and now is that time. I stepped down at Onramp Invest on February 28th--it was a decision that was made last year and had been a work in progress. Some recent changes at Onramp, which I will not be discussing in this episode (sorry no inside stories here) just sped up my departure by a few weeks. In this episode I discuss how this manifestation to bring my ideal day actually started a couple of years ago with some personal planning I was doing with a mentor of mine. I didn't realize then what I was setting into motion and as I realized what I wanted, the Universe brought it to me much sooner than I anticipated. I also touch on a tweet from Dr. Rhoiney (a past guest) that had me thinking about how do I want to be remembered as a father--something having more time in my life should allow me to accomplish. You'll also catch me uncovering something very important in real time at the end of the episode--pretty special if you as me. Ok, enough reading...let's get to The Pursuit. https://youtu.be/t5vfBnREqg0 Apple Podcasts Google Podcasts Spotify Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

Short and sweet this week. With the invasion of Ukraine this week, it didn't seem like a good time to record a full episode. So give this a quick 3 minute listen and then use the rest of the time that would have been spent listening reflecting on what you are grateful for. https://youtu.be/3d2eDV71Kgs Apple Podcasts Google Podcasts Spotify Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

For Terry, retirement is an encore and not an abyss of time and he explains how he transitioned to retirement, what he did from a planning standpoint, and what he has planned for his encore. Welcome to The Next Episode... https://youtu.be/wdyoCm5xrYc Apple Podcasts Google Podcasts Spotify Books The Alchemist A Long Bright Future Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

A tweet from Jack Butcher inspired today's topic for discussion. There really is no such thing as "failing" because every event we view as a failure is actually a learning lesson--an opportunity to find growth. So as you go on your Pursuit, there will be pivots you will make and things may not always turn out the way you had planned but they will always present a lesson that will help you as you continue your Pursuit. Let's get to The Pursuit... https://youtu.be/-4STq4KksrA Apple Podcasts Google Podcasts Spotify https://twitter.com/jus10castelli/status/1493377320966574084 Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page

As this episode drops on my 40th birthday, I can't help but be excited for the upcoming year, decade, and beyond. My personal growth over the last couple of years had led me to a place where I feel in greater control of my destiny and with the ability to create the life I want for my family. I've realized the core values I've always lived by can be lived with great intent and move me closer to a life of minimal regret, maximum happiness, and a life well-lived. I want to share these values and beliefs with you so you have an opportunity to uncover them for yourself before I did or as soon as possible if you're in the 40+ crowd. Let's get to The Pursuit... https://youtu.be/5xP2TVOwyhg Apple Podcasts Google Podcasts Spotify Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page

In this first episode of The Next Episode, Terry and I discuss what to expect from the newest show on All About Your Benjamins and dive a little further into the topic of "accomplishments". We initially discussed this on The Pursuit and picked that conversation back up in this episode. Welcome to The Next Episode... https://youtu.be/sHtBE1vo5KQ Apple Podcasts Google Podcasts Spotify Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page