Every Day is Saturday

We're back.....sort of.  Brad talks about where he is with the re-branding of the podcast and what to expect in the coming weeks.  He discusses upcoming episodes and more about the future of the podcast.

In this episode, Brad Gotto enters the spotlight with exciting news. As he opens with stories of personal renovations and classic car restorations, Brad draws a parallel to the evolution of the podcast itself. Brad announces a temporary pause in new episodes as the team gears up to bring you a revamped, reenergized, and even more valuable listening experience in 2025. But don't worry—this isn't goodbye; it's just a "see you later" as they work behind the scenes to elevate the show you know and love. The 86 episodes we've released so far are still available for you to enjoy, and we encourage you to revisit your favorites!  

In this episode, Matt delves into how his passion for helping others find fulfillment beyond financial success has evolved into a structured program aimed at enhancing human potential. With Ascent, he combines his love for wellness, adventure, connection, and pursuit into a holistic approach designed to inspire and elevate individuals. Tune in to learn more about Matt's journey from financial advising to community building.

We all know that nothing is free, but what about those hidden costs? We've been going through The Psychology of Money by Morgan Housel and in this episode, you will get to hear about Chapter 15 where he talks about the concept that nothing is free. We will summarize the most important aspects of the concept and apply it to financial planning and the psychology of money.  

In part two of this two-part series, we dive into the nuances of how financial advisors are paid, specifically on the insurance side. Not all advisors are licensed, regulated, or compensated in the same way, which can greatly impact the services they provide. We will help you understand the various ways advisors earn their keep, from annuities and life insurance to long-term care or disability insurance.   

Have you ever wondered how your financial advisor is really compensated? In this episode, we discuss how different advisors are paid, the regulatory standards for fiduciaries and brokers, and the importance of understanding these differences. We'll explain why it's crucial to know if your advisor is a fiduciary, ensuring there are no hidden fees or buried commissions.  You can find more information by clicking here: https://www.fiatwm.com/podcast 

Joining the show today is Natalie Morland, Executive Director of Trouvaille Memory Care Suites, to discuss the spectrum of care options and the importance of having a long-term vision. Natalie will share why spending time with family or loved ones to discuss values and preferences is crucial when making these decisions. She'll also address the current state of long-term care, the financial struggles of care facilities, and the increasing need for education about available options. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/81     

Today we sit down with Dr. Daniel Crosby, a leading expert in behavioral finance, to uncover the fascinating intersection of psychology and investment management. How did Dr. Crosby, with his background in psychology, find his way into the world of finance? Listen in as he shares his journey and insights into the main biases that drive our financial decisions, shedding light on why we often prioritize avoiding losses over seeking gains, why understanding the nuances of behavioral biases is crucial for effective risk management, and more. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/80    

Today, we're joined by Jennifer Lee, a seasoned financial advisor with 28 years of experience and the Founder of Modern-Wealth, LLC. Jennifer's journey in financial advising and her approach to addressing the needs of women in transition offer valuable insights for all listeners. From the inception of her book idea to the significance of having difficult conversations about finances, Jennifer shares her wealth of knowledge with candor and empathy. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/79     

Have you ever considered how much your goals and desires might change over time? In this episode, we dive into Chapter 14 of Morgan Housel's book, The Psychology of Money, exploring the concept that our future selves are often unpredictable. We tend to underestimate the extent to which our personalities and aspirations will evolve, and as we reflect on our past decisions, we may realize that what once seemed ideal may no longer align with who we are becoming. This is why it's crucial to avoid extremes in financial planning, instead aiming for a balanced approach that accommodates life's inevitable changes. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/78    

Today we are going to break down the connection between football and investment strategy. Imagine your portfolio as a football team, where each position demands a distinct skill set. Just as a coach strategizes player positions, your portfolio requires careful construction. We'll explore how to divide your investments into "now, soon, and later" money, ensuring your financial game plan is tailored to your unique needs and goals. Through drills like assessing time, taxes, risk, and balancing income versus growth, you'll discover how to optimize your portfolio's performance. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/77   

Today we are revisiting Morgan Housel's book, The Psychology of Money, this time taking a deep dive into dive into Chapter 13: Room for Error. The key takeaway? If you're aiming for long-term success, leaving room for error is crucial. As Housel puts it, "Room for error lets you endure a range of potential outcomes, and endurance lets you stick around long enough to let the odds of benefiting from a low-probability outcome fall in your favor." With that in mind, we'll explore the concept of margin of safety, the importance of preparing for various outcomes, and why it's essential to acknowledge the emotional aspect of financial planning alongside the technical aspects. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/76 

Does working with an advisor truly add value compared to going solo? Today we are talking about the value a financial advisor brings to the table as discussed in the Vanguard Study entitled “Advisor Alpha”. We'll explore the seven key categories outlined in the study, shedding light on how these factors influence financial outcomes. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/75      

Today we're discussing the future of wealth management through the lens of technology. Why should you care about this rapidly evolving landscape? In this episode, we will explain the impact of artificial intelligence (AI) on investment strategies and explore how technological advancements are reshaping access to wealth management services. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/74                       

Lauren Brown, CFP®, brings more than just professional expertise to the table. In this episode, Lauren shares her journey, deeply influenced by her mother, a trailblazing CFP® with roots in Wall Street. Amidst the challenges that nearly led her to surrender, Lauren's story is a testament to resilience and female empowerment. Now a Senior Advisor at Fiat Wealth Management, she discusses her passion for helping women navigate the complexities of finance and addresses the gender gap in financial literacy.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/73          

In the intricate world of investments, the unexpected is not just a possibility but a constant reality. Delving into the markets, we often encounter unprecedented events that challenge historical patterns and conventional wisdom. While using history as a guide offers insights, it can also blind us to outlier events—those rare occurrences that shape our destinies. In this episode, we discuss Chapter 12 of The Psychology of Money by Morgan Housel, focusing on the element of surprise in the ever-evolving landscape of finance. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/72         

Do you know what your REAL net worth is? As you may know, net worth is a pretty standard way to gauge financial success. However, there's a key component to this that is not calculated – but should be. In this episode, we'll be discussing what your real net worth is, why it's important (especially when it comes to retirement years), and how to calculate it.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/72    

*This special episode replay is dedicated to Steve Shanesy.* Renee and Steve Shanesy were both working in high-stress marketing jobs in corporate America when they decided it was time to make a change. They were tired of leaving their pets behind every day to go into a job that was leaving them feeling tired and constantly stressed out. So, Renee quit her job to open up a first-of-its-kind luxury dog resort. In the years to come, the resort took off, landing them in a position to accept a purchasing offer that they couldn't refuse and allowing them to focus on consulting. They now live what we consider an “every day is Saturday” lifestyle and in this episode, they will be sharing their journey from start to finish. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/43        

Why is being reasonable the key to long-term success in handling your money? In a world where emotions often intertwine with financial decisions, it's essential to recognize that you're not just a spreadsheet; you're a unique, emotional individual. In this episode, we delve into the importance of balancing reason and emotion in financial planning.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/71  

With half of the wealth in the United States resting in the hands of the Boomer generation, the landscape is set for a shift as they age. In this episode, we discuss the complexities of the great wealth transfer, explaining potential pitfalls, the crucial consideration of taxes during the transfer, and the misconception that money alone can solve all problems.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/70                               

Discover the secret to your long-term financial well-being in this episode as we dive into Brad's concept of "real net worth." While net worth is commonly used to gauge financial success and retirement readiness, the calculation is often misunderstood. In this episode, you'll learn about the nuances of your true assets and liabilities, going beyond conventional measures to see where you truly stand.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/69                               

Choosing a financial advisory firm is a critical decision, and today, we'll dive into why Fiat stands out among the rest. We'll break down how, unlike firms dealing with trust funds or perpetual wealth, Fiat focuses on those transitioning from their working years to retirement, fostering relationships with clients they genuinely care about. Listen in to discover the significance of liking your financial advisor and the benefits of seeking help for retirement planning.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/68 

Today we dive deep into the question of whether it makes sense to own a home as you transition into retirement. As retirement brings various life-changing decisions, the choice between owning and renting a home is a critical one. We'll present both sides of the argument, exploring the advantages and drawbacks. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/67

Today we dive into the insights and experiences gained over the years. We reflect on the lessons that have shaped our approach, the things we wish we knew when starting, and the areas where we might have taken a different path. From stepping into the unknown world of our first jobs to the realization that financial planning is not just about investments, we discuss the complexities of the industry.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/66                            

Today we dive into the age-old debate: is all debt really bad? While it's true that debt always carries some level of risk, we challenge the notion that it's universally detrimental. We explore various scenarios where debt can be a useful financial tool and why taking out a mortgage, for example, might not be the financial bad guy it's often portrayed as.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/65                           

How does the act of saving money impact your financial well-being, and why is it often underestimated or overlooked? In this episode, we will discuss Chapter 10 of The Psychology of Money by Morgan Housel, titled "Save Money." We dissect the influence your savings have on wealth-building—an aspect even more crucial than your income or investment returns.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/64           

Today we sit down with two special guests, William and Hudson, to have a candid conversation about an essential aspect of parenting: teaching kids about money. Raising financially savvy children is a challenge many parents face, and it's crucial to equip them with the knowledge and skills to make sound financial decisions as they grow. Whether you're a parent, grandparent, or simply someone eager to nurture the financial acumen of the young minds in your life, this episode is designed to provide valuable tips and strategies for navigating the delicate subject of money with children. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/63                         

What are the critical aspects of estate planning and the common pitfalls that people often face? In this episode, we delve into these questions and more with Jay Organek, VP of Legal Product at Wealth.com. Navigating the emotional complexities tied to inherited assets and finances can be challenging, so we start off by addressing a fundamental question: Why is it so important to think about your mortality and plan for the inevitable—especially when it comes to securing your family's future as beneficiaries of your estate? You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/62                   

Ever wondered about the difference between being rich and being truly wealthy? In this episode, Matt and Brad delve into the world of wealth, riches, and the perceptions that surround them. Drawing inspiration from The Psychology of Money by Morgan Housel, they explore the difference between being rich and being wealthy—and why it's essential to understand this distinction. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/61 

Should you always max out your 401(k)? This is a big question that comes up often, so in this episode, Brad and Matt dive into this prevalent financial myth. Shedding light on five reasons why maximizing your 401(k) may not always be the best strategy, they emphasize the issue of liquidity and why building an emergency fund outside of the 401(k) becomes essential for financial security. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/60                         

Today we want to share a glimpse into the intentional lives led by individuals post-retirement. While many struggle to find their identity after leaving the workforce, there are those who have embraced an "Every Day is Saturday" lifestyle with a rockstar flair. Joining us in this episode are Anne Denny and Skip Stromberg, who share their inspiring journey leading up to retirement, their decision to embark on a remarkable RV adventure across the United States, and the challenges they encountered on the road. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/59           

Today we delve into the fundamental question: What makes people happy? Continuing our exploration of The Psychology of Money by Morgan Housel, we dive into chapters 7 and 8, where a revelation emerges: the key to happiness lies in our innate desire for control. The ability to shape our lives according to our desires, to choose our paths, companions, and destinations, emerges as the ultimate source of joy. Money, then, takes on a profound significance—it offers us the invaluable currency of time. Listen in as we explore the role of early and ongoing financial decision-making, as well as the importance of aligning our values with our monetary choices. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/58

Should you be concerned about Social Security and the impact it may have on your financial future? Dating back to its enactment in 1935, social security was envisioned as a means of providing support during the later stages of life when individuals might be unable to continue working. While concerns about its longevity persist, it is important to note that the program has been extended until 2037. In this episode, we break down the intricacies of social security and dispel the misleading headlines that you may see in the news so that you can make the most of this vital retirement resource. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/57                      

Have you ever wondered about the fees and expenses associated with investing? In today's episode, we dive into this topic headfirst as we explore three hypothetical client scenarios and shed light on the costs involved in different investment relationships. Throughout the episode, we unravel the truth that Wall Street doesn't work for free, emphasizing the importance of being mindful of fees in the world of investments. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/56                        

For many, the pursuit of a rich and purposeful life is anything but a straight line. It consists of life experiences, uncomfortable situations, and transformative challenges. In this episode, Brad shares the insights he has learned from recently going back to graduate college as an older student, revealing how these pivotal (and somewhat uncomfortable) moments shape character and propel us towards greatness. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/55            

As we delve into the world of precious metals, it's important to recognize that the allure of gold is not what it once was. Our ancestors coveted this precious metal for its aesthetic and cultural significance, whereas today we see it as a symbol of wealth and a potential investment opportunity. However, the question remains: is gold truly a wise investment? You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/54                     

Today we'll be diving into chapter 6 of Morgan Housel's book, The Psychology of Money. This chapter, entitled "Tales You Win", explores the intriguing idea that being wrong half of the time can still lead to financial success. Our discussion will focus on being on the brink of success and failure, as well as how perseverance—even when met with repeated failures—is the key to success in investing. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/53             

Have you ever thought about starting your investing journey, only to be overwhelmed by the amount of information available? Were you left feeling unsure of where to even begin? In this episode, we dissect the world of investing with Kurt Brown, the CEO of TownSquare. Kurt shares his fascinating journey of transitioning from Wall Street to becoming the CEO of an investment platform and reveals why so many people are now looking for independently-owned firms rather than big banks. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/52                       

Have you ever wondered how people find their calling in finance and what it takes to succeed in a small business environment? In this episode, Cooper Hitt, Investment and Reporting Manager at Fiat Wealth Management, shares his inspiring story of how he discovered his passion for finance and joined the team at Fiat. Cooper describes his journey through his career and personal growth, revealing how he found his true calling in finance and discovered his superpowers in the field.  You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/51              

Get ready to unlock the secrets of the tax world in this episode as we welcome Carly Carlson, CPA and Managing Member at WE Team LLC, to share her expert insights on taxes. Taxes can be a daunting topic for many of us, but Carly is here to demystify it all and help us understand why finding the right accounting firm for your business is crucial. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/50         

Are you feeling anxious about market volatility and how it may impact your investments? In the past year, the S&P 500 has seen a 20% decrease, with almost every sector experiencing significant losses. So, how can you stay invested and make wise financial decisions—even when faced with market volatility? Today we provide a market recap and discuss how context is critical when it comes to making sound financial decisions. Whether you're a retiree or a seasoned investor, this episode provides valuable insights and practical tips on how to remain invested and navigate market downturns with confidence. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/49                 

What is the secret to maintaining wealth over the long term, and why do so many people struggle with it? In this episode, we delve into the often-overlooked aspect of maintaining wealth, and why it's such a challenging task for many people. The key to staying wealthy is a combination of frugality and paranoia, and we explore the survival mentality that is crucial to long-term success. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/48             

It's important to take the time to reflect on the goals you set for yourself in the past year and assess your progress. This reflection can be a valuable tool in understanding what worked well for you and what areas may need improvement. It's also a great opportunity to re-evaluate your priorities and make any necessary adjustments to your goals for the year ahead. In this episode, we will be reviewing our goals from 2022 and setting new intentions for 2023. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/47                 

2022 was an unforgettable year. Following years of uncertainty and entering a new phase of market decline, we have forged on feeling prepared to tackle what lay ahead. We decided to make some large internal changes here at Fiat this year, which has impacted many areas of our practice—mostly in a positive way! So, in this episode, we will be sharing our year in review and explaining not only what changes we made, but also how these changes shifted our business. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/46                 

If something compounds, a small start can lead to incredible results that seem impossible. This can lead to many people underestimating what is possible and where growth can lead regardless of where or when they begin. The truth is time is the most powerful force in investing and so, if you want to be better at investing, your best option is to increase your time horizon. In this episode, we dive deep into chapter 4 of The Psychology of Money by Morgan Housel and explain how this relates to your retirement savings - the possibilities for your savings are endless! You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/45             

Not everyone lives a purposeful life where their values guide their decisions. In fact, many people allow money and the opinions of others to control what they do rather than focusing on what truly matters to them. This was not the case with our guest today. Kelly Wolf worked his way up the corporate ladder after starting out as a dairy farmer only to realize life was about more than how much money you make. Today he joins the show to share this journey with us. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/44               

Renee and Steve Shanesy were both working in high-stress marketing jobs in corporate America when they decided it was time to make a change. They were tired of leaving their pets behind every day to go into a job that was leaving them feeling tired and constantly stressed out. So, Renee quit her job to open up a first-of-its-kind luxury dog resort. In the years to come, the resort took off, landing them in a position to accept a purchasing offer that they couldn't refuse and allowing them to focus on consulting. They now live what we consider an “every day is Saturday” lifestyle and in this episode, they will be sharing their journey from start to finish. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/43              

Generosity is beneficial to both the giver and the receiver. In fact, research shows that people who give more are generally happier. And the good news is you don't have to give away a large amount of anything. Simple actions can sometimes make the biggest difference. So, in this episode, we will be discussing practical advice for financial gifting that goes beyond your time on earth. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/42             

Many people will require some type of long-term care as they reach their elderly years. It is a simple fact of life that as we get older it becomes harder for us to be independent and unfortunately, the cost of long-term care can be quite daunting. Despite this knowledge, many people delay installing a long-term care plan. So, in this episode, we will be sharing the importance of creating a long-term care plan, how to start preparing financially for this and what this plan should entail. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/41                

How do you know when you have enough? One of the toughest skills in life is getting the goalpost to stop moving. Comparing ourselves to where others are is often the issue because there is always someone higher on the ladder. Having enough doesn't mean you have to go without. Instead, it means you know how to appreciate what you have without constantly searching for more. So, in this episode, we will be discussing the third chapter of The Psychology of Money, titled “Never Enough,” and explaining how to find happiness in what you have. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/40               

After 12 years of building relationships and helping his customers in the manufacturing and construction industry keep their employees safe, Mark Kline decided to make a big shift in his life. Since he always had a passion for finance, he decided to turn his passion into his career. Today Mark joins the show to share a bit about his background and his excitement to help families develop a plan (and purpose) for their money. You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/39