The Financial Freedom Show with Chase Lawson

Life is all about sacrifices. We're constantly making trade-offs around how to spend our time, money and more. In order to achieve financial freedom, you're going to have to make sacrifices along the way. In this episode, Chase dives into some of the sacrifices needed to be made in one's financial journey to reach financial independence and shares some sobering statistics as to how few people think about these things until it's too late. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Impostor Syndrome (IS) is something an overwhelming majority of people will experience at least once in their lifetime. It can affect anyone no matter their social status, work background, skill level, or degree of expertise. In this episode, I discuss: What is IS Signs and Causes of IS How IS can impact you financially Ways to overcome IS   To take the Clance IP Scale, go to: https://paulineroseclance.com/pdf/IPTestandscoring.pdf Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

In American society, being busy is perceived as high status. Saying "I'm busy" is a socially acceptable way of saying "I'm important". But are we actually busy? Or do we just think we're busy? What are the downsides to being "too busy"? What do the statistics have to say about busyness? And why do we default to claiming to be busy to get out of obligations? In this episode, I cover all of those questions and more. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Series I bonds are largely unknown and unheard of, yet are one of the safest investments one can make with returns that are adjusted semiannually to factor in changes to inflation. These are backed by the full faith and credit of the US government, making them essentially risk-free. Series I bonds offer a safe haven for some of your dollars and can allow you to maintain your purchasing power, if not increase it, as Series I bonds are likely to offer returns that far exceed that of any savings or checking accounts. Currently, new Series I bonds pay a composite rate of 3.54%. In this episode, I dive into what Series I bonds are, the benefits they offer, and why they could be an effective place to put some of your money. Enjoy! To purchase electronic Series I bonds, create an account and apply directly at: https://www.treasurydirect.gov/RS/UN-AccountCreate.do Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188  

Credit cards can be a very powerful tool in helping you achieve financial freedom. While some financial experts, most notably Dave Ramsey, strongly advocate against any forms of debt, credit cards included, credit cards offer some great benefits. As long as you are responsible and know how to use credit cards, their benefits can far outweigh any perceived costs. In this episode, I dive into the different types of credit cards, the benefits of credit cards, and which credit cards I have and use.  To apply for the American Express Blue Cash Preferred Card and get the referral benefits I mentioned ($150 extra cash back after spending $3k, 20% back on purchases made on Amazon.com), sign up at this link: http://refer.amex.us/CHRISL57RW?xl=cp19 Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On today's episode, I'm joined by Pam Prine, co-founder of Keystone Capital Management Group, an investment and retirement planning firm. Her company manages hundreds of millions of dollars for their clients. In this episode, we discuss how to manage money, including how to identify an investment strategy that is connected to your financial plan and goals, as well as your unique personality. We also chat about how to plan for early retirement when running a small business. Finally, we touch on the proposed American Families Plan. Enjoy! To get in touch with Pam and Keystone Capital Management Group: -Check out their website at www.keystonegroupaz.com -Call them at 623 299 9710 -Facebook: https://www.facebook.com/KeystoneCapitalManagementGroupLLC -LinkedIn: https://www.linkedin.com/company/keystone-capital-management-group/  Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

The term "volatility" gets thrown around a lot in finance. What exactly is volatility? And why is it important? In this episode, I dive into that topic and answer those questions. Additionally, I discuss what the beta coefficient is, as well as the VIX, and how you can use both of those to determine when, where and how to invest. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

It's easy to look at your favorite celebrities and be envious of their talent and success. Wouldn't it be amazing to be able to be an athlete playing in front of millions and getting paid millions a year to do so? However, what you don't see is the work it took to get to where they are today. It's been shown that it takes about 10,000 hours of intensive practice to achieve mastery of a skill. This is precisely why one of the biggest keys to success in whatever you're trying to succeed at is consistency. In this episode, I dive into the importance of consistency, why it matters so much, and how to be consistent in your own life. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Over the past year, the Consumer Price Index (CPI) in America has increased by 4.2%, sparking fears of inflation. In this episode, I discuss what is inflation, how it's measured, the impact it has on individuals and whether inflation can be a good thing. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

In 1995, Oasis released their hit song "Don't Look Back in Anger". In it, they talk about a girl named Sally who watches her life pass by and has no regrets. This is an important lesson for everyone to abide by. We all make countless decisions every day of our lives. Sometimes, they're great decisions. Other times, they end up being bad ones. In this episode, I discuss why it's important to change your mindset and avoid having regrets and the impact that can have on one's life. Your mindset will determine the level of your success; change your mindset, change your life. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188   DISCLAIMER: I hereby declare that I do not own the rights to this music/song. All rights belong to the owner. No Copyright Infringement Intended.

On Wednesday, April 28, 2021, President Biden unveiled his $1.8 trillion American Families Plan. This plan has a goal of fully funding expanded education, childcare, paid leave, and other items. In order to pay for this plan, Biden has proposed additional taxes for the top 1% of earners in America. In this episode, I break down all of the details of the plan, as well as discuss whether or not it will work as intended. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On today's episode of the show, I'm joined by Brendan Lee Young, CEO and Co-Founder of Passiv, a portfolio management tool designed to help self-directed investors manage and grow their wealth. In this episode, we discuss a wide range of topics including: Who is Passiv and how they're helping DIY investors succeed The founding of Passiv What DIY investors need to do to succeed The future of wealth management, ETFs and index funds The craziness around Robinhood and GameStop For 50% off Passiv Elite for 2 years, go to www.passiv.com/freedom50 To connect with Brendan and Passiv on social media, you can find them on Twitter and Facebook at: @BrendanLeeYoung, @PassivTeam, www.facebook.com/TeamPassiv Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188  

In the last few weeks, I invested in bitcoin. Bitcoin, along with other crypto currencies, continues to become more and more mainstream, and its price has continued to explode as a result. My decision to invest in bitcoin may come as a surprise to many, especially if you've been listening to this show for a while now. I've been a skeptic of bitcoin since it started becoming popular in 2017, but decided to go ahead and pull the trigger. In this episode, I outline why I decided to invest, the pros and cons to crypto currencies, important considerations to be aware of, how the crypto markets work, and more, as well as discuss the recent Coinbase IPO and whether or not I believe it's a good investment. Enjoy! If interested in investing in crypto, like bitcoin, use my Coinbase referral link for $10 in free bitcoin after you invest $100: https://www.coinbase.com/join/lawson_3s8 Pick up a copy of my book here: https://www.amazon.com/dp/1082783188

Any time you change jobs, it's important to take care of important administrative items to ensure you're properly covered and protected during and beyond the transition. One of these important items to understand is that of your 401k or whatever workplace retirement plan you have set up. In this episode, I discuss what happens to the money in your 401k when you leave your job, as well as the three options you have with that money, so that you're prepared whenever this event does arise. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On March 17, 2021, the IRS announced it would officially be extending the tax deadline from April 15 to May 17, giving taxpayers an additional month to file their taxes. Residents of Texas, Oklahoma and Louisiana have until June 15 due to the winter storm disaster declared by FEMA. In this episode, I break down what this means for you and who might benefit from delaying in filing, as well as how to extend your filing deadline even further and the potential implications to be aware of prior to doing so. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Millions of Americans receive a tax refund year after year. According to data from the IRS, between 70 and 75% of those who file their taxes get a refund, with the typical refund amounting to between $2,500 and $3,000. Contrary to many people's beliefs, this isn't free money. This money was entitled to you all along, you just overpaid your taxes throughout the year. In this episode, I discuss why I'm not a fan of tax refunds and why you should consider adjusting your withholdings to avoid getting one. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

The Pareto Principle was founded by Vilfredo Pareto, an Italian economist, and popularized by Richard Koch's book, The 80/20 Principle. The Pareto Principle essentially says that80% of outcomes can be attributed to 20% of causes. The Pareto Principle is very important to understand and apply in your own life in order to maximize results, regardless of field. In this episode, I discuss how you can apply it to your own personal finances. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On March 11, President Biden signed the American Rescue Plan Act of 2021 into law. This legislation, amounting to $1.9 trillion, included a number of items, including another round of stimulus checks for millions of Americans. There are some key differences between this stimulus plan and the prior two, so in this epsiode, I break down all the key details you need to know to determine whether you qualify, how much you qualify for, how to maximize future stimulus payments and what to do with your stimulus check. Enjoy! To check your particular stimulus payment status, refer to the IRS Get My Payment tool at: https://www.irs.gov/coronavirus/get-my-payment  Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

In today's episode, I dive into an important question of just how much home one can purchase. Real estate continues to be an attractive investment, especially with today's low interest rates. However, before you begin looking for a home, you need to know how much you can actually afford. In this episode, I discuss the 28/36 Rule and how you can use it to help determine the size of loan you can take out on a home, as well as strategies to increase the amount of home you can qualify for. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

When evaluating stocks, many newer or inexperienced investors fall into the trap of looking at a stock's price to determine whether or not it's a worthy investment. However, stock price tells you nothing without additional context. In this episode, I dive into why stock price is irrelevant and why market cap is a better metric to focus on when evaluating potential investment opportunities. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On today's episode, I dive into IPOs, or Initial Public Offerings, and outline what they are, how they work and whether or not you should invest in a company at IPO. Investing is full of risks and I outline the key considerations to keep in mind prior to jumping into an IPO, along with some statistics on some of the recent IPOs. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Many people seek out investing in dividend stocks, or those that return a portion of company profits to their shareholders in the form of cash or additional shares of stock. After all, dividends can create stable, passive income. In this episode, I dive into what dividends are, key details to be aware of when it comes to dividends and whether or not they are worth investing in. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On today's episode, I am joined by Brian Dress, Director of Research at Left Brain Investment Research. We discuss a lot of important topics, including how to become passionate about financial literacy and education, especially on matters of investing, and how there is not just one way to manage money. Brian discusses his journey into the investing business and some of the lessons he's learned along the way, how to change your view on investing, and how to carefully select the right investments to ensure impressive returns. Brian also recommends a couple of his top stock picks for 2021 and beyond. Enjoy! For more info on Left Brain and to stay connected, be sure to check out their website at www.LeftBrainIR.com.  Here you can find educational content for all levels of investors. Brian and Left Brain are offering a 25% lifetime discount for any of their subscription products when entering the discount code “Chase” at checkout. You can also check them out on Twitter @LeftBrainIR and on YouTube at Left Brain Investment Research. Finally, on their weekly podcast, they discuss one stock/bond on each episode: https://leftbrainir.libsyn.com/  Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Unless you've been living under a rock, you've likely heard about GameStop, AMC and other stocks suddenly surging in price. What exactly is going on here? Why have their prices suddenly skyrocketed? Are they going to the moon? And what are these hedge funds and why are they upset? In this episode, I break down all of that and more and give my advice on what to do with these stocks (buy, sell, hold?). Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Many people confuse dreams with goals, and while they are similar, there are very drastic differences between the two. In this episode, I dive into the main differences between dreams and goals, why goals are better for achieving your aspirations, and how to create S.M.A.R.T.E.R. goals. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Student loan debt is a MASSIVE problem in America…a $1.68 trillion problem! 44.7 million people currently have student loan debt, averaging $37,584 in outstanding debt balance per borrower. As part of the COVID-19 relief efforts, the federal government has put a pause on student loan payments, has stopped collections on defaulted loans and set interest rates to 0%. Further, President-Elect Biden has discussed potentially canceling up to $10,000 in student loans per borrower. In this episode, I outline the details of the current and proposed legislation, as well as my recommendation as to what to do with your student loans during this time. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

When investing, sometimes you may sell your investments at a loss. There are potential benefits to this, namely being able to write off the losses on your taxes. However, if you have a wash sale, those losses would be disallowed, meaning you would not get the potential tax benefit. This rule has been in place for about 100 years and many investors don't fully understand it and it's easy to get inadvertently tripped up by it, especially if you reinvest dividends. In this episode, I break down the details of the wash sale rule, why it's important to understand and how to avoid triggering it. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 This podcast was recently named a top Early Retirement and Financial Independence Podcast by Feedspot! Check out the full list here (we are listed at #25): https://blog.feedspot.com/early_retirement_and_financial_independence_podcasts/ 

On December 27, 2020, President Trump signed the second stimulus bill into law, providing economic relief for millions of Americans. In this episode, I break down the key details to know of the new legislation, some of the main differences between the first round of stimulus checks and the second, as well as my practical advice on how to proceed moving forward to ensure you maximize any future stimulus payments as well as how to best use the funds you do receive. Enjoy! To check the status of your stimulus payment(s), visit the IRS Get My Payment site here: https://www.irs.gov/coronavirus/get-my-payment Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 This podcast was recently named a top Early Retirement and Financial Independence Podcast by Feedspot! Check out the full list here (we are listed at #25): https://blog.feedspot.com/early_retirement_and_financial_independence_podcasts/ 

People like to talk about investing in the stock market. After all, investing can help you achieve financial freedom much sooner. However, how do you know when to buy or when to sell your investments? In this episode, I dive into this topic and give some guidance as to how to know when it might be the right time to buy or sell your investments. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

One of the many benefits of home ownership is getting to take on home improvement projects. These can help you get more enjoyment out of your home, while also potentially increasing your home's value. But it can often be hard to decide which project(s) to take on. Which projects will recoup the most in costs and which will leave you holding the bag when it comes time to sell your home? In this episode, I share the best and worst home improvement projects to take on. Enjoy! For the full list, check out: https://www.remodeling.hw.net/cost-vs-value/2020/ Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188  

An HSA is a Health Savings Account intended to be used to cover out-of-pocket medical expenses. However, did you know that you have the ability to invest with an HSA? And that these dollars are yours to keep forever? And help you save on taxes, leading to you keeping more of your money? There are numerous benefits to speak of with an HSA, yet hardly anybody knows about these. It's another strategy that the super wealthy utilize, and you have the power to take advantage of this as well! Many personal finance experts consider an HSA to be even better than an IRA and in this episode, you'll learn why. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Many in the personal finance world consider "pay yourself first" to be the golden rule when it comes to personal finance. But what exactly does it mean to "pay yourself first"? In this episode, I walk through what this expression means, how to go about doing so and why it's so important. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

After paying all of your expenses each month, you may be in the fortunate position of having leftover money. And if you're like millions of other Americans, you may have thousands of dollars of debt, whether through student loans, a mortgage, credit cards or any other debt instrument. This then poses a tough question: should you use the excess to pay down your debt or should you put that money into the market? In this episode, I dive into this topic and help break down this question so that you know which decision is right for your case. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

As a result of the COVID-19 pandemic, more people than ever are having to work from home. This has led to many people wondering if they are able to take a tax deduction for their home office, for things such as utilities, mortgage interest, insurance, and other expenses associated with that space of their home. In this episode, I dive into this topic and help you understand whether or not you qualify. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Joining the show this week is Trevor Oldham, a 23-year-old entrepreneur who used side hustles he started in college to pay off $91,795.10 in student loans in exactly 1 year! Hear how Trevor managed to accomplish this rather impressive feat and what advice he had to share for others with similar goals and aspirations. Enjoy! To learn more about Trevor or to get in touch, check out: podcastingyou.com buildingwealthmadesimple.com or email him at trevor@podcastingyou.com Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Every year, millions of Americans create New Year's Resolutions based on what they hope to achieve in the coming year. However, an overwhelming majority of these people will ultimately fail on their resolutions, mostly by the beginning of February. They will then repeat this process year after year. With so many failing on their resolutions, it's apparent that they are B.S. In this episode, Chase dives into why he doesn't believe in New Year's Resolutions and his tips on a smarter approach to achieving your goals. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

There are a handful of mistakes many people make when it comes to finance, many of which aren't even about money. In this episode, I am joined by Harry Stout, senior leader in the global financial services business and author of The FinancialVerse, to discuss some of the biggest mistakes he's seen in working with clients around the globe. Are you making some of these same mistakes? Have you even considered some of these things in your own life? To learn more about Harry and The FinancialVerse, check out www.financialverse.com Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 

People often associate the term "Location, location, location" with real estate. But where you live impacts so much more than just housing: it impacts your entire livelihood! After all, no two places are alike and different places have different political and societal standards. However, most importantly, location has a huge impact on the cost of living, or how much it costs to cover everything from housing to food to entertainment and more. In this episode, I cover some of the important factors to consider when deciding where to live and how you can determine what's best for you financially. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188    Helpful sites for cost of living calculators include: -https://smartasset.com/mortgage/cost-of-living-calculator -https://www.nerdwallet.com/cost-of-living-calculator -https://www.bestplaces.net/cost-of-living/ -https://www.bankrate.com/calculators/savings/moving-cost-of-living-calculator.aspx

There tends to be a lot of confusion when it comes to income taxes in America. People often mistake their tax bracket as the rate they pay on ALL their income, when instead, income taxes are marginal and progressive, meaning that portions of your income are taxed at different rates that increase as you earn more. In this episode, Zach Roberts of Application-Based Learning and I walk through how income tax works and explain what a marginal tax system is. Enjoy! Helpful site to check for your own tax table based on filing status: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets To learn more about Zach and Application-Based Learning, check out: -Facebook: https://www.facebook.com/ApplicationBasedLearning/ -Instagram: https://www.instagram.com/teacherzach/  Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 

Have you ever felt frustrated at how much you're paying for car insurance? Or do you get fed up when your price seems to go up each time you renew your policy? Looking for ways to save money on this essential expense? My wife and I recently switched our auto insurance provider and managed to save an incredible $1,113+ per year on our car insurance with comparable coverage. In this episode, I dive into the 13 factors insurers use to determine your auto premiums and discuss ways to ensure you get the best value when it comes to your car insurance. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 

Oftentimes, credit card providers will offer an introductory 0% APR offer on purchases and/or balance transfers. This is a tactic to try to lure in new customers to this attractive offer. However, these offers aren't always a good thing or what they seem and can get people into a lot of trouble financially. In this episode, I dive into these offers and explain how they work, along with the pitfalls to avoid so that you don't get into financial trouble. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 

There is an important financial concept known as the Rule of 72. This rule can help you to approximate how long it will take you to double your money given a set interest rate or to determine what interest rate is needed to double your money over a certain period. This rule will allow you to make decisions as to which investments or debts to take on. Listen as I explain how this rule works. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 

Are you familiar with an IRA? An IRA is an Individual Retirement Account. It is another vehicle that can be used to help save for retirement and it provides beneficial tax incentives. Many 401ks are lacking when it comes to investment selection, not everyone is offered a 401k and those that are aren't always offered a match, so these are just a few reasons why one might choose to set up an IRA. In this episode, I discuss the differences between an IRA and a 401k, the two primary types of IRAs, the differences between them, the tax rules associated with them and how they can be a beneficial investment strategy. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 

On August 8, 2020, President Trump signed an Executive Order, Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster. This allows employers the option to refrain from withholding Social Security tax from their employees' paychecks from September 1-December 31, 2020 for employees earning less than $4,000 bi-weekly ($104,000 annually). This could lead to an extra 6.2% in take-home pay for many Americans. However, this may NOT be good, as employees will likely have to pay it back in early 2021, meaning they'll be taxed double from January 1-April 30, 2021. In this episode, I discuss what the Payroll Tax Holiday is, how it works, and the important considerations to be aware of. Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Wealthfront is a leading robo advisory platform that offers free personal financial planning, a high yield savings account, as well as a low fee investing platform. In this episode, I walk through my own account and show you some of the features they offer, as well as some important things to be aware of when looking into Wealthfront. I highly recommend considering Wealthfront for at least a portion of your investing dollars and for their financial planning tools. Check it out and see what it's all about! To get your first $5,000 in investments managed fee free, sign up at the following link: https://www.wealthfront.com/c/affiliates/invited/AFFB-3XGQ-AL72-O5XM Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Student loan debt is a major problem in America. In fact, it has now exceeded $1.6 TRILLION! With the cost of a college education continuing to rise at unprecedented rates, many millennials and those in Generation Z are forced to face a reality in which they may spend years trying to pay off their student loans. On this episode of the show, Josh Hastings of MoneyLifeWax.com, hops on to share his story and how he and his wife were able to pay off $262,000 of student loan debt within less than 4 years. Josh shares how they managed to achieve this truly remarkable feat, along with some of the lessons he has to share with anyone who may be in a similar predicament. This goes to show that with hard work and discipline, anything is possible. Enjoy!   To connect with Josh and learn more, feel free to check him out at any of the following links: Blog: moneylifewax.com Instagram: https://www.instagram.com/moneylifewax/ Facebook group: https://www.facebook.com/groups/524314474641912/ Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 In this episode, we cover: Josh and Lauren's student loan story Importance of eliminating friction and working together to tackle goals Makeup of their loans Their incomes over this period Other debts they carried Influences in their life Top tips/lessons from this experience Biggest strategies that worked for Josh and Lauren Sacrifices they had to make Final lessons/advice   To learn more about how Josh and Lauren leveraged a HELOC, check out the following article: https://moneylifewax.com/heloc-student-loans/

Personal money management requires you to focus not only on offense, but also on defense. On this episode of the show, Ty McCormack, Senior Wealth Advisor/401k Plan Practice Expert for Avantax Wealth Management, joins the show to share the 5 lessons he's learned from managing $1 billion. Ty has a great approach when it comes to personal money management and helps his clients put together a truly holistic portfolio that covers all bases. Listen to learn more about some of the great tips he has to share! In this episode, we cover: Lesson #1 - Taxes are an unequal partnership with the government 2018 Tax Cuts & Jobs Act Lesson #2 - Good jobs pay well, great jobs focus on benefits Lesson #3 - Wealth management needs to be holistic Lesson #4 - You're only as rich as your ability to budget and save Lesson #5 - It can be advantageous to work with an advisor To connect with Ty, check him out on LinkedIn: https://www.linkedin.com/in/tymccormack/ Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

It can be easy to find yourself buried in debt. What matters most is having a plan to come out of it. In this episode, Zach Roberts of Application-Based Learning joins Chase to discuss the different ways to tackle debt. In this episode, we cover: Debt Snowball, Debt Avalanche and Other Methods of Eliminating Debt Which Method is Best for Which Person An Example of Each Strategy in Action To learn more about Zach and Application-Based Learning, check out: Facebook: https://www.facebook.com/ApplicationBasedLearning/ Instagram: https://www.instagram.com/applicationbasedlearning/ Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Two important financial concepts to understand are that of time value of money and compound interest. In this episode, I cover what each of those concepts are and why they're important to understand, as well as the implications they both have on your personal financial situation. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Rather than trying to time the market, what if there was a better, safer way to invest to secure long-term gains? Well, dollar cost averaging is that way! You may have heard the term dollar cost averaging before, but never taken the time to understand it. In this episode, I discuss what DCA is and why it is the best strategy to use when investing your money in the market. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Many people today continue to rent, as opposed to buying their own home. There are a number of reasons as to why they do this. However, what is the smart play? Which is a better financial move? Will home ownership help you hit your financial goals or is it smarter to keep renting and invest in the market instead? In this video, I cover those questions and more and give you a breakdown, based on actual market data, to help you understand which is the better choice. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188