The Free Retiree Show

Welcome to the 192nd episode of The Free Retiree Show, hosted by wealth manager Lee Michael Murphy and interview coach Sergio Patterson. In this episode, we delve into the intricate subject of “The Remote Company Culture Shift: Key Factors that Make or Break It.”   As we embark on an exploration of the novel remote culture shift, we scrutinize prevalent misconceptions surrounding remote work cultures. Join us as we unravel the complexities of harmonizing the needs of both extraverts and introverts within the virtual workspace. Additionally, we dissect the paramount key factor essential for the sustenance of successful remote work environments.   Our expert guest, Jean Marie DiGiovanna—international keynote speaker, leadership specialist, certified executive coach, and bestselling author—guides the conversation on how to build culture and connections in this new environment. Boasting over 25 years of experience, she stands as one of the world's foremost authorities on Renaissance Leadership.   Jean Marie not only imparts her wealth of experience but also unveils invaluable insights into fostering trust, collaboration, and innovation within organizational cultures. As a two-time guest on the show, her presence enriches our discussion.   While remote work presents its merits, from enhanced family time to reduced commuting, challenges persist. Jean Marie delves into the obstacles companies encounter in this evolving remote landscape, shedding light on the nuanced dynamics of limited colleague interaction.   In this episode, we explore concepts in her new book “Stop Talking Start Asking: 27 Questions to Shift the Culture of Your Organization” and learn about Jean's newly released LinkedIn Learning course, “Communication Skills for Modern Management.”   We invite you to join us in exploring the transformative potential of posing pertinent questions to reshape your organization's mindset.   Tune in to Episode 192 for a comprehensive exploration of remote work culture, featuring expert insights, pragmatic advice, and the essential keys to cultivating a thriving virtual work environment.   LinkedIn Learning Course Information: “Communication Skills for Modern Management,” unlocked through 12/31/23. Course Link: Communication Skills for Modern Management https://www.linkedin.com/learning/communication-skills-for-modern-management?trk=lilblog_10-23-23_-tech

Welcome to Episode 191 of TFRS, where we shift the spotlight from amassing wealth to gaining time and choices in life. Research has shown that once our income meets our needs and allows for savings, accumulating more money doesn't significantly elevate our happiness. Strikingly, those with substantial wealth often feel worse off, comparing themselves to those with more.   A fascinating study delved into the lives of multimillionaires, revealing that most believed an additional $5 million would bring them greater happiness. But studies, including one from Harvard analyzing 100,000 individuals, highlight that prioritizing time over money leads to more fulfilling social relationships, satisfying careers, and overall higher rates of contentment.   This episode uncovers the four key benefits of adopting a time-centric approach. It's evident that those feeling time-poor exhibit lower happiness levels, higher stress, anxiety, and reduced joy. By emphasizing time, people enhance social connections, build healthier relationships, and experience increased job satisfaction, all while achieving similar or greater income.   We delve into practical strategies to reorient your priorities towards time. Understanding your core values and the real cost of spending money (which is time you've worked hard to earn) is a crucial starting point. Reflecting on your “why” and whether material possessions align with a more fulfilling life is another pivotal step.   Finally, a poignant reminder that time is our most precious asset. We're all destined to reach the end of our journey, and when reflecting on life's moments, it's the quality time spent with loved ones, pursuing happiness, or contributing to the world that truly matters. The podcast episode concludes by highlighting the immeasurable value of time over money in crafting a more enriching and satisfying life.

Welcome to The Free Retiree Show. In this episode, we provide an up-to-date economic snapshot as of October 18, 2023. We'll touch on key economic indicators, including the rise in interest rates and its impact, declining homebuilder sentiment due to surging mortgage rates, and the precarious state of commercial real estate. Furthermore, we delve into the financial ramifications of ongoing international conflicts, including the Ukraine War and the Middle East situation.   We also discuss how wars can adversely affect economies, emphasizing the burdensome costs associated with military expenses and the toll on infrastructure, skilled workers, and international trade. Additionally, we address inflation and the deterrence of investors amidst periods of uncertainty. We provide valuable financial strategies, such as investing for the long term and considering defensive stocks, bonds, and employing dollar-cost averaging. We also discuss investments to add protection in your financial journey.   As we navigate these complex economic and geopolitical landscapes, we offer insights into managing your finances wisely and adapting to ever-changing financial environments. Subscribe today and stay tuned for more guidance on securing your financial future!

In this illuminating episode of “The Free Retiree Show,” host Lee Michael Murphy, a seasoned wealth manager, and co-host Sergio Patterson join forces to guide you on the path to financial freedom. Drawing from their wealth of knowledge and experience, they present a comprehensive blueprint for securing your financial future.   Kicking off the discussion, Lee and Sergio stress the importance of setting clear and inspiring financial goals. They challenge the conventional notions of success tied to material possessions and emphasize the value of prioritizing personal fulfillment and making a positive impact on others.   The episode proceeds with a focus on building a one-month survival fund, highlighting the peace of mind it provides during challenging times. Lee and Sergio delve into the art of budgeting wisely and saving for emergencies, underlining the role of consistency and accountability in financial planning.   Career growth takes the spotlight as Lee explains that it is not only crucial for financial stability but also offers personal growth, professional development, and the freedom to make choices. Saving and investing 20% of your income becomes a key step in the journey to financial freedom, with Lee and Sergio providing insights into the power of delayed gratification and financial discipline.   Debt management is a significant aspect of the financial journey. Lee and Sergio discuss effective strategies for saying goodbye to high-interest debt, allowing listeners to boost their cash flow and accelerate their financial progress.   Maximizing retirement and investment accounts comes under the spotlight as the hosts stress the importance of early planning and understanding employer retirement plans. They explore how investment accounts can open doors to future financial opportunities, such as property investment.   Homeownership is recognized as a valuable component of financial strategy. Lee and Sergio highlight its potential to build equity and secure tax advantages. They explain how homeownership can contribute to overall financial freedom.   The episode further delves into the vital concept of protecting your wealth with insurance and planning. Lee and Sergio emphasize the need for estate planning, asset diversification, and risk management to ensure your hard-earned wealth remains secure.   The episode concludes with an exploration of investment real estate's potential for financial growth. The hosts discuss how this avenue can provide appreciation, cash flow, and tax benefits. Leveraging your money through investment real estate is presented as a game-changing strategy to multiply your wealth.   In sum, this episode of “The Free Retiree Show” offers a holistic approach to financial freedom, addressing key aspects of personal finance and wealth management. Lee Michael Murphy and Sergio Patterson provide expert insights and practical advice, making this episode a valuable resource for anyone looking to take control of their financial future, regardless of their current financial situation. Whether you're starting your financial journey or seeking ways to enhance your financial well-being, this episode provides actionable strategies to help you achieve your financial goals.

Welcome to The Free Retiree Show! Today, we've prepared an exceptional episode that takes a deep dive into the realms of entrepreneurship, real estate investing, and the art of discovering incredible real estate deals. Guiding us on this exhilarating journey is none other than our distinguished guest - David Lecko, a celebrated real estate investor and the dynamic CEO behind Deal Machine.   David Lecko's journey is a wellspring of inspiration. He's not merely a successful real estate investor; he's a serial entrepreneur who has mastered the craft of building multi-million-dollar online businesses. Today, he graces us with his wisdom on these pivotal subjects that hold the potential to reshape your financial future.   David Lecko's journey extends beyond personal accomplishment; it's a mission to extend a helping hand to others in pursuit of their real estate aspirations. As the CEO of Deal Machine, he's the driving force behind a groundbreaking CRM tool designed specifically for real estate investors and wholesalers. Deal Machine has risen to prominence as one of the most influential companies in the real estate sphere.   In this episode you'll learn:   

In this episode, we aim to gain a deeper knowledge behind the diverse behaviors and backgrounds that can present unique challenges on the journey to financial security.   Whether you're seeking to enhance your own financial situation, gain insights into the hurdles faced by others, or simply aspire to better understand the complex dynamics of financial success, you've come to the right place.   Join us on this transformative journey as we shed light on these mindsets that may be hindering your financial progress. By the end of this episode, you'll be equipped with practical solutions, newfound knowledge, and a fresh perspective on your financial journey.   Subscribe now and embark on a path toward unmasking the mindsets that stand between you and the financial success you deserve. Don't let these obstacles hold you back any longer; it's time to rewrite your financial narrative.

Welcome to “The Free Retiree Show,” your trusted show on the path to financial freedom and career success. In this episode Lee Michael Murphy, the wealth manager, and career advisor extraordinaire Sergio Patterson, guide you through the intricacies of increasing your value at work and and acing your next performance review.   In this enlightening episode, we dig deep into the transformative power of feedback and how it can elevate your performance to new heights.    What you'll learn in this episode:   The Art of Soliciting Anonymous Insights: Uncover the secrets to seeking candid feedback that may surprise and enlighten you.   Embracing Constructive Criticism: Learn how to welcome and grow from challenging feedback, even when it's tough to hear.   Documenting Your Path to Excellence: Explore the significance of keeping a record of valuable feedback to chart your journey towards improvement.   Crafting Your Roadmap to Success: Understand why having a well-thought-out plan to address areas of growth is pivotal for personal and professional development.   Join us in this riveting episode as we equip you with the tools to unlock your true potential. Your journey towards career excellence and financial independence begins here with “The Free  Retiree Show.” Don't miss out on this exciting opportunity to transform your career dreams into reality.   Subscribe to the podcast on Spotify, Pandora, Apple Podcasts, Google Podcasts, and Elevate Radio.

Welcome aboard into the  “The Free Retiree Show,” where you'll be joined by your trusted hosts, Wealth Manager Lee Michael Murphy and Interview Coach Sergio Patterson. In this engaging episode, “How to Thrive in High-Interest Times: Short and Long-Term Financial Strategies,” we're about to tackle some vital questions that can significantly impact your financial wellbeing in today's high-interest rate landscape. Get ready as we shed light on these common inquiries:   Wondering where to wisely invest your hard-earned money? Curious if Certificates of Deposit (CDs) are a sound long-term financial strategy? Pondering just how long these high interest rates will persist? Contemplating the idea of buying a home amidst the current market conditions?   But first, let's take a journey into the past and present economic scenario. Over the last two decades, low-interest rates spurred rapid home purchases, facilitated startup growth through accessible venture capital, and witnessed extensive monetary policies striving to boost the economy. However, today's economic landscape presents fresh challenges, including the escalation of mortgage costs, corporations scaling back borrowing, and the unpredictable performance of stocks and bonds.   What you'll learn:   Whether it's wise to stash your cash in CDs when stocks are still available at discounted rates. When can we anticipate a decline in interest rates, and which indicators like the rising Core Consumer Price Index (CPI) should you monitor? The significance of maintaining higher cash reserves in your financial arsenal. Tips and tricks for effectively reducing debt, including exploring the world of zero-interest credit cards. Insight into investment opportunities within the energy and commodities markets. A closer look at sectors that may offer long-term investment potential. Key considerations before diving into real estate investments.   So, strap in and join us for a deep dive into these financial strategies that will empower you with the knowledge needed to not just survive but thrive in these high-interest times. Your financial future starts here on “The Free Retiree Show.”  

In this episode of “The Free Retiree Show” podcast, we're tackling the challenge of securing your dream job in today's competitive job market. Hosted by wealth manager Lee Michael Murphy and interview coach Sergio Patterson, we delve into the strategies and tactics that will set you on the path to success as you land your next great job opportunity. Are you a retiree eager to make your mark in a new and exciting job role? Join us as we unveil the essential keys to landing your dream job in the midst of fierce competition. In this episode of “The Free Retiree Show,” our experienced hosts, Lee Michael Murphy and Sergio Patterson, offer invaluable insights and actionable advice to guide you through your job search and interview process. In a job market that's constantly evolving, standing out has never been more crucial.  What You'll Learn: Craft a compelling personal brand to discover the power of defining and communicating your unique brand to set yourself apart. Create an impressive resume to learn the art of resume crafting to secure those crucial interviews. Master network leveraging to uncover networking strategies tailored for retirees, including effective messaging techniques. Develop relevant skills to stay competitive by identifying and acquiring skills essential for your desired career. Showcase your impact to impress prospective employers by highlighting your past achievements and potential contributions. Establish an online presence to embrace the digital era with the benefits of a personal website to showcase your expertise. Excel in interviews to get expert tips from Sergio Patterson on interview preparation, presentation, and question handling.  

Dive into the world of worry-free travel preparation with “The Free Retiree Show,” as they unpack the crucial topic of travel insurance in a thought-provoking episode. This enlightening discussion transcends the boundaries of age, experience, and destination, offering listeners a comprehensive understanding of the ins and outs of travel insurance.   With an engaging opening question, the hosts spark your imagination, prompting you to dream about your next adventure and consider whether travel insurance should be part of the plan. The conversation then evolves, covering a range of pertinent questions that cater to both seasoned voyagers and those embarking on their maiden journey.   Delving into the cost aspect, the podcast provides valuable insights into how travel insurance pricing varies, taking into account the total trip cost and other influencing factors. This exploration of cost factors sets the stage for a deeper dive into the multifaceted world of coverage.   The heart of the episode focuses on coverage essentials, with special emphasis on medical emergencies, which stand as a critical pillar of any travel insurance policy. The hosts empathize with the significance of medical coverage, breaking down the various facets, including medical bills, dental expenses, evacuation, and medical transportation.   The episode unravels the mystery surrounding lost baggage, revealing astonishing statistics about the likelihood of baggage loss during international flights. The hosts navigate the regulatory landscape, explaining the compensation available for lost luggage and the meticulous documentation necessary to make successful claims.   The episode continues to unfold with a detailed exploration of the diverse coverage options offered by travel insurance. Cancellations, unexpected travel disruptions, and even car rental insurance come under scrutiny, enriching your understanding of the comprehensive protection travel insurance can provide.   From the benefits of booking trips with travel credit cards to engaging in meaningful conversations with insurance providers, the hosts provide actionable insights that empower listeners to navigate the realm of travel insurance with confidence.   In essence, “The Free Retiree Show” has created an episode that goes beyond a mere discussion of travel insurance; it's a comprehensive guide that equips listeners with the knowledge needed to make informed choices. Whether you're a globetrotter seeking extra reassurance or a travel novice stepping into the unknown, this episode promises to be a valuable addition to your travel preparation toolkit.   What You'll Learn:   The factors that influence travel insurance cost and how to assess its value. The critical importance of medical coverage in travel insurance, covering medical bills, evacuation, and more. Strategies to mitigate the heightened risk of lost baggage during international travel. A detailed breakdown of coverage areas, including cancellations, unexpected disruptions, and car rental insurance. Insights into leveraging travel credit cards for a variety of insurance benefits. How to navigate conversations with insurance providers, clarifying coverage and exclusions. Considerations for correlating insurance coverage with trip expenses and personal health. Practical tips for meticulous documentation to support successful insurance claims.  

Welcome to a compelling episode of our podcast, where we dive deep into a topic that's on everyone's minds these days: inflation. Join us as we explore why inflation has proven to be a persistent challenge and discover effective strategies to combat its impact on your finances. The Free Retiree Show gives insights into managing inflation and its effects on your financial journey. Tune in to hear expert advice on tackling inflation, ensuring a secure retirement, and optimizing your financial decisions. In today's episode, we unravel the complexities of inflation and its current state in the United States. We explore the contrasting impact of inflation on services and manufacturing sectors, showcasing historical trends and how rate hikes tend to affect these industries differently. Understanding these nuances is crucial for navigating your investment choices during inflationary periods. While we explore various strategies to combat inflation, we also share insights into investment options that don't fare as well during these times. We take a candid look at the performance of these investments and offer a balanced perspective on their viability as inflation-fighting assets. While no one can predict market movements, arming yourself with knowledge and patience can empower you to make informed decisions that position you for success in the future. Tune in to gain a deeper understanding of inflation's intricacies, effective strategies to navigate its challenges, and actionable insights to protect and grow your wealth. Remember, in the world of finance, knowledge is the key to success. Subscribe to The Free Retiree Show for more insights to help your financial future. What You'll Learn: Gain a comprehensive understanding of the complexities of inflation and its current state in the United States. Explore the contrasting impact of inflation on services and manufacturing sectors, with historical trends and insights into industry response to rate hikes. Discover strategic investment choices to combat inflation's erosive effects, from real estate and stocks to Treasury Inflation-Protected Securities (TIPS). Delve into the role of Certificates of Deposit (CDs) as a safeguard against inflation, offering a secure haven for your cash. Learn the art of negotiating earnings as a powerful tool to counter the purchasing power erosion caused by inflation. Uncover the significance of reducing bad debt to alleviate the financial strain inflicted by inflation. Gain insights into investment options that may not fare as well during inflationary times, with a candid look at the performance of precious metals. Empower yourself with knowledge and patience to make informed financial decisions that navigate inflation's challenges and position you for success. #InflationInsights #FinancialStrategy #InvestmentTips #EconomicNavigators #NavigatingInflation #SmartFinanceMoves #RetireeShowPodcast

Welcome to The Free Retiree Show, a dedicated platform supporting individuals in leveling up their careers and achieving financial independence. Join wealth manager Lee Michael Murphy and interview coach Sergio Patterson as they engage in an insightful conversation with Carina Hellmich, a top life voice on LinkedIn and a professional coach, on the challenging topic of dealing with grief in the workplace.   In this episode, they explore various aspects related to this issue, touching upon the concept of mindfulness and its practical application in daily life. Carina, an expert in grief management and resiliency, provides valuable insights on becoming more resilient, empowering listeners to overcome adversity and heal from devastating loss. Moreover, she shares strategies for supporting others who are experiencing challenging times.   Carina emphasizes the importance of expressing emotions and seeking understanding and empathy from coworkers during the healing process. She also discusses the significance of taking breaks when needed, allowing emotions to surface and be processed effectively.   Throughout the conversation, they assure listeners that experiencing a wide range of emotions during the grieving process is natural, urging them to be patient with themselves and to embrace the healing journey without judgment.   Carina's expertise in stress management and resiliency leads the conversation into the power of embracing mindfulness. She encourages listeners to check if their workplaces offer resources for practicing mindfulness or meditation, as it can provide inner strength and navigation through grief. By staying present and centered, individuals can significantly improve their coping skills during this challenging period.   Carina brings a unique perspective to the show, having traveled to 109 countries and resided in Shanghai for seven years. Her personal experience with significant loss, losing both parents to cancer within a relatively short time, makes her insights invaluable as they explore ways to heal and grow stronger.   What You'll Learn:   Explore the concept of mindfulness and how to apply it to your daily life.   Discover strategies to become more resilient and overcome adversity and devastating loss.   Gain insights on supporting others going through difficult times. Understand the importance of sharing your emotions with coworkers during grief and loss.   Learn the significance of taking breaks and allowing emotions to be processed.   Discover the benefits of seeking support outside of the workplace through counseling or support groups.   Emphasize the importance of setting boundaries and communicating the need for space.   Explore self-care practices, including rest, nutrition, and comforting activities.   Learn to focus on what truly matters at work without overexerting yourself.   Understand that experiencing a range of emotions during grief is natural and practice self-compassion.   Discover the power of embracing mindfulness as a coping tool and navigating through grief with inner strength.   Don't miss this thought-provoking episode! Subscribe and share The Free Retiree Show on iHeartRadio, Apple, Spotify, Pandora, and Elevation Radio. Join us as we learn from Carina's wisdom, uncover the power of mindfulness, and discover strategies to overcome grief and thrive. Remember, you are not alone, and with mindfulness as your tool, you can push forward with resilience and strength.

Welcome to The Free Retiree Show, episode 180! In this episode we're diving deep into the world of money and wealth to debunk 10 common misconceptions that might be holding you back from achieving your financial goals. Throughout life, we often encounter false assumptions and beliefs about money that can hinder our financial progress. In this episode, we're setting the record straight and revealing the truth behind these myths, empowering you with the knowledge and strategies to build a more secure and prosperous future. So, join us as we uncover the reality behind the most prevalent misconceptions about money and wealth. From understanding the correlation between money and happiness to grasping the significance of open communication about money problems, we'll explore each misconception and provide valuable insights to help you make informed financial decisions. In this episode of The Free Retiree Show, you'll learn: The truth behind the belief that more money equals more happiness. Why a big income doesn't guarantee financial security and what truly matters for long-term financial freedom. Why relying solely on a bank might not be the best way to grow your money. How to distinguish between good and bad debt and make informed financial choices. The importance of discussing money issues openly and building a support network to achieve your financial goals. How investing is accessible to everyone, regardless of income level, and the power of consistent contributions. Strategies to overcome the fear of investment risk and embrace diversified approaches. The significance of estate planning for protecting your assets and fulfilling your wishes. How to balance paying off student loans with the desire to buy a home. The pros and cons of buying versus renting a home and factors to consider in the decision-making process. Don't miss out on this eye-opening episode as we dispel these common misconceptions about money and wealth. Tune in now to gain valuable insights that will empower you to make better financial choices and pave the way to a brighter future. Subscribe and join us on The Free Retiree Show! Let's embark on this journey together towards financial freedom!   #TheFreeRetireeShow #FinancialSuccess #MoneyMyths #WealthWisdom #FinancialFreedom #InvestmentInsights #EstatePlanning #StudentLoans #Homeownership #FinancialDecisions #PodcastAlert

In this episode, we explore the crucial topic of knowing when it's the right time to search for a new job or role in your career. Joining us as our esteemed co-host is Sergio Patterson, an expert in talent development, with a remarkable background working with industry giants like Google, LinkedIn, Amazon, and Airbnb.   Recognizing the signs that indicate it might be time for a change is vital for personal and professional growth. Sergio's extensive experience in human resources and talent acquisition provides invaluable insights into identifying these signs and understanding the importance of taking proactive steps towards new opportunities.   Throughout the discussion, we delve into the various indicators that suggest you might be ready for a career change. Whether it's feeling bored and unchallenged in your current role, experiencing anxiety and dread before going to work, or having recurring nightmares about your job, these emotions can be compelling signals to consider exploring new avenues.   Sergio shares practical advice on navigating the complexities of career transitions, helping you align your values and aspirations with the right role. Drawing from his experiences at top-tier companies, he provides real-life examples and best practices for assessing your situation and making informed decisions.   Understanding when to search for a new job or role is crucial for achieving fulfillment and growth in your career. Sergio Patterson's expertise, combined with our engaging discussions, will empower you to take charge of your professional journey and seek opportunities that resonate with your true potential.   Join us in this insightful episode as we uncover the art of recognizing the perfect moment to embark on a new job search. Don't miss out on the wisdom and advice shared by our esteemed co-host, Sergio Patterson, and remember to subscribe and share the show to stay connected with us on iHeart Radio, Apple Podcasts, Spotify, Pandora, and Elevation Radio. Together, let's navigate the path to a more rewarding and satisfying career.   #TheFreeRetireeShow #CareerTransitionExpert #CareerGrowth #NewOpportunities #JobSearchTips #CareerChangeAdvice #KnowWhenToMoveOn

Welcome to “ Escaping Credit Card Debt,” a special edition of The Free Retiree Show. In Episode 178, we dive into the pressing issue of credit card debt, exploring the factors contributing to its rise in the US. Join us as we share valuable tips and tricks to avoid falling into the credit card debt trap and provide expert advice on breaking free from it. Whether you're currently facing credit card debt or not, this episode is essential for anyone looking to achieve financial freedom and secure a prosperous retirement.    What You'll Learn:   Why credit card debt is on the rise. . The impact of post-pandemic life: soaring inflation, and fluctuating interest rates on the surging credit card debt balances. Learn effective strategies to tackle credit card debt, including the importance of open conversations with loved ones, creating a personalized budget, and implementing the snowball or avalanche debt repayment methods. Gain insights into negotiating with credit card companies for reduced interest rates or hardship programs to make your repayment journey smoother. Understand the potential savings by considering balance transfers to credit cards with lower interest rates, including the allure of 0% balance transfer cards. Explore the option of low-rate personal loans to expedite debt repayment and pave the way to financial independence. Gain insights into income-boosting opportunities like side jobs or freelance work, providing additional funds to accelerate debt repayment and achieve your financial goals.   Subscribe now on Spotify, Pandora, Apple Podcasts, Google Podcasts, and Elevate Radio.

Join wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matt McElroy in this engaging episode of The Free Retiree Show. In this mid-year economic report, they analyze the economic conditions of the first half of the year and provide insights into what the second half may hold.   Drawing from JP Morgan's mid-year economic report, Lee, Sergio, and Matt explore key factors that impact the economy and provide valuable information for listeners to consider. They begin by discussing the challenges of reducing inflation, which has been influenced by factors such as the COVID-19 pandemic and the timeline for vaccine distribution.   In this episode, you'll learn:   An overview of the economic conditions for the first half of the year based on data from JP Morgan's mid-year economic report.   Insights into the factors influencing inflation and its current trends, including year-over-year CPI inflation and the Federal Reserve's interest rate hikes.   The impact of interest rates on mortgages, core goods inflation, and the significance of PCE core inflation in understanding overall inflation patterns.   Predictions for future interest rate hikes and the potential timeline for their implementation.   Analysis of Gross Domestic Product (GDP) measurements and projections for the economy in the fourth quarter of 2023 and the first quarter of 2024.   Examination of supply chains, including improvements in shipping costs, container ship capacity, and delivery times, and the potential impact on the prices of goods and services.   Insights into the stabilization of the housing market, including housing starts, existing home sales, and home builder sentiment.   Discussion on lending growth in regional banks, their reduced forecasts, and the challenges they may face in the current interest rate environment.   As the episode concludes, Lee, Sergio, and Matt invite listeners to like, share, and subscribe to The Free Retiree Show. They encourage listeners to send in their financial questions to ask@thefreeretiree.com. Tune in to gain valuable insights and make informed decisions about your finances and retirement plans.   #MidYearEconomicReport #InflationUpdate #InterestRates #EconomicForecast #FinancialInsights #TheFreeRetiree #FinancialFreedom #Retirement #InterviewTips #RetirementStrategy   

Join hosts wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matt McElroy on The Free Retiree Show as they delve into the crucial topic of performing a comprehensive financial checkup. In Episode 176, you'll gain valuable insights and expert tips to assess your financial health and make informed decisions for a secure future.   With their extensive experience, the hosts guide you through the essential steps of a financial checkup. They cover various key areas, including emergency funds, reducing excessive cash holdings, retirement savings strategies, budget review, debt management techniques, credit report assessment, insurance coverage evaluation, and estate plan review.   Discover the importance of maintaining a robust emergency fund and explore different avenues such as CDs to maximize your savings potential. Learn why excessively holding onto cash can be a costly mistake that hampers your ability to combat inflation effectively.   The hosts emphasize the significance of retirement savings, highlighting the utilization of company matches and recommending a minimum savings and investment percentage. Dive into budget review techniques to identify recurring expenses that can be reduced or eliminated, and explore effective methods for paying off high-interest credit card debt, including the debt snowball and debt avalanche approaches.   Get invaluable advice on checking your credit reports from the three main credit reporting agencies and how to obtain free copies of your credit report annually. Gain insights into reviewing insurance coverage, including life, disability, health, and umbrella policies, to ensure you have adequate protection for your financial well-being.   Lastly, the hosts discuss the importance of estate planning: covering wills, trusts, and beneficiary reviews.   Don't miss Episode 176 of The Free Retiree Show, where Lee Michael Murphy, Sergio Patterson, and Matt McElroy equip you with the knowledge and tools to conduct a thorough financial checkup, empowering you to make informed decisions and achieve financial stability.   What You'll Learn:   The importance of maintaining an emergency fund and strategies to save 3-6 months' worth of expenses.   The risks associated with holding excessive cash and how to optimize your cash holdings.   Tips and techniques to maximize your retirement savings, including taking advantage of company matches and setting savings goals.   Effective budget review methods to identify and cut unnecessary expenses on a monthly and annual basis.   Strategies for paying off high-interest credit card debt, such as utilizing the debt snowball or debt avalanche approach.   The significance of checking your credit reports annually and how to obtain them for free from the main credit reporting agencies.   Key considerations when reviewing insurance coverage, including life insurance, disability insurance, health insurance, and umbrella policies.   An overview of estate planning essentials.   Listen to this enlightening episode on iTunes, Spotify, or your favorite podcast platform.   #TheFreeRetiree #FinancialCheckup #MoneyManagement #RetirementPlanning #DebtManagement #CreditReports #InsuranceCoverage #EstatePlanning

Tune in to Episode 175 of The Free Retiree Show, where hosts wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matt McElroy dive into the topic of "Crafting the Perfect Resume: Strategies for Effective Job Applications." In this insightful episode, you'll learn valuable tips and techniques to optimize your resume and increase your chances of landing your dream job.   The hosts will guide you through various aspects of resume writing, emphasizing the importance of simplicity and avoiding a cluttered layout. Discover the power of a concise and impactful summary that captures the attention of potential employers. They also stress the significance of tailoring your resume for a specific job, showcasing your relevant skills and experiences.   With their expert guidance, you'll explore the art of highlighting your accomplishments and explaining the results you achieved in previous roles, rather than simply listing every task you've performed. They'll teach you how to focus on your top career achievements to make a lasting impression on hiring managers.   Furthermore, the hosts will share valuable insights on incorporating job description aspects into your resume, ensuring it aligns perfectly with the requirements of the position you're applying for.   What You'll Learn: Strategies to avoid a cluttered resume and present your information in a clear and concise manner. The importance of crafting a short yet powerful summary that captures the essence of your professional profile. How to tailor your resume for a specific job, showcasing your relevant skills and experiences that align with the position. Techniques for effectively highlighting your accomplishments and explaining the results you achieved in previous roles. The significance of listing your top career achievements instead of overwhelming your resume with every task you've performed. Insights on incorporating aspects of the job description into your resume to make it more appealing to potential employers. Proven methods to optimize your resume and increase your chances of standing out in a competitive job market.   Don't miss this knowledge-packed episode of The Free Retiree Show, Episode 175, as Lee Michael Murphy, Sergio Patterson, and Matt McElroy equip you with the tools to create a compelling resume that grabs attention and propels your career forward. #TheFreeRetiree #FinancialFreedom #Retirement #InterviewTips #RetirementStrategy #CraftingThePerfectResume #JobApplicationStrategies #ResumeOptimization

Are you ready to uncover the biggest retirement account mistakes? Join hosts wealth manager Lee Michael Murphy and career advisor Sergio Patterson in Episode 174 of The Free Retiree Show as they shed light on the common pitfalls to avoid when managing your retirement accounts.   In this lively and informative episode, Lee and Sergio walk you through the seven retirement account mistakes that can derail your financial future. From neglecting to fund your retirement accounts to being too conservative or aggressive with your investments, they leave no stone unturned.   But that's not all! Discover why understanding retirement plan benefits and saving enough for retirement are crucial steps towards a secure future. Gain valuable insights into the dangers of having friends or coworkers choose your investments and the significance of seeking professional advice.   What you'll learn in this episode: - The importance of funding your retirement accounts and not relying solely on Social Security. - The seven most common retirement account mistakes and how to avoid them. - Strategies for saving enough and maximizing your retirement plan benefits. - The perils of being too conservative or too aggressive with your investment choices. - Why seeking professional advice is essential for a well-balanced and successful retirement journey.   Tune in to Episode 174 of The Free Retiree Show and arm yourself with the knowledge to make informed decisions about your retirement accounts. Don't miss out on this upbeat and educational discussion!   #TheFreeRetiree #FinancialFreedom #Retirement #InterviewTips #RetirementStrategy #Episode174 #RetirementAccountMistakes #AvoidCommonPitfalls #SecureYourFuture

Join hosts wealth manager Lee Michael Murphy, career advisor Sergio Patterson in this engaging episode of The Free Retiree Show. Discover valuable insights on effective communication strategies that can enhance your professional relationships with juniors, peers, and leadership.    In this episode, Lee and Sergio  dive deep into the art of communication, providing practical tips and actionable advice. Learn how to treat juniors as equals, recognizing their valuable perspectives and accomplishments. Discover the power of active listening, fostering a culture of learning from those who are new and younger. Effective communication with peers is explored, emphasizing the importance of building trust and maintaining authenticity in your interactions.   When it comes to communicating with leadership, the hosts discuss strategies such as clearly articulating your needs and seeking help where necessary. They highlight the significance of respecting their time and being genuine in admitting your lack of knowledge or mistakes. Additionally, the importance of presenting solutions alongside problems is emphasized, promoting a proactive approach in professional communication.   What you'll learn in this episode: - Treating junior co-workers as equals and valuing their insights - Active listening and learning from younger colleagues - Building trust and authenticity in peer-to-peer communication - Strategies for effectively communicating with leadership - Articulating your needs and seeking help where necessary - Admitting mistakes and learning from them - Presenting solutions alongside problems for effective communication Tune in to Episode 173 of The Free Retiree Show and unlock the secrets to mastering effective communication in the workplace. Achieve financial freedom while cultivating a rewarding retirement strategy. Don't miss out on this insightful conversation filled with practical advice and actionable tips.   #TheFreeRetiree #FinancialFreedom #Retirement #InterviewTips #RetirementStrategy #EffectiveCommunication #ProfessionalRelationships #CommunicationStrategies #WorkplaceSuccess

In this episode of The Free Retiree Show podcast, we delve into the behaviors that can undermine investment success and hinder wealth accumulation. Join us as we explore the psychological traps and pitfalls that many investors fall into, and learn how to avoid them.   What you'll learn in this episode:   - The importance of viewing investments as a long-term commitment and understanding that true wealth accumulation takes time and patience. #FinancialFreedom #RetirementStrategy   - How fear and greed can drive impulsive investment decisions and the detrimental effects of making choices based on emotions. #TheFreeRetiree #Retirement #InterviewTips   - The dangers of overconfidence, especially when considering stocks or ventures as sure things, and how it can lead to significant losses. #RetirementStrategy #FinancialFreedom   - The value of patience in investing and how impatience can lead to panic selling or prematurely abandoning long-term investment strategies. #TheFreeRetiree #Retirement #RetirementStrategy   - The importance of diversification in investment portfolios, debunking the misconception that it is unnecessary, and exploring different levels of diversification. #FinancialFreedom #RetirementStrategy   - Insight into the concept of concentration in multiple companies rather than broad market diversification, inspired by legendary investor Warren Buffett. #TheFreeRetiree #Retirement #FinancialFreedom   - The drawbacks of lacking an investment strategy or philosophy and the perils of blindly following stock tips or recommendations without proper analysis. #RetirementStrategy #FinancialFreedom   - The dangers of chasing the herd and displaying biases towards certain stocks, including the potential risks associated with following trends without proper analysis. #TheFreeRetiree #FinancialFreedom   - The limitations and potential pitfalls of being a do-it-yourself investor, whether as a stock picker or a DIY enthusiast, and the importance of seeking professional guidance. #TheFreeRetiree #Retirement #FinancialFreedom   - Understanding the cognitive bias of loss aversion and its impact on investment decisions, including the psychological power of loss compared to gain. #RetirementStrategy #FinancialFreedom   Join us in this insightful episode of The Free Retiree Show as we uncover the behaviors that can sabotage investment success and provide valuable insights and strategies to help you become a more informed and successful investor.    #TheFreeRetiree #FinancialFreedom #Retirement #InterviewTips #RetirementStrategy  

Welcome to The Free Retiree Show, where wealth manager Lee Michael Murphy and bestselling author Linda P. Jones discuss the exciting realm of cryptocurrency and shed light on the challenges and pitfalls that lie ahead.   In this episode, Linda P. Jones takes center stage, sharing her deep insights into the future use cases of cryptocurrencies. As the host of the top-ranked business and investing podcast in 2019, Linda brings a wealth of knowledge and expertise to the conversation. We also delve into Linda's groundbreaking book, "Three Steps to Quantum Wealth: The Wealth Heiress's Guide to Financial Freedom through Investing in Cryptocurrencies."    Join us as we navigate the current state of the cryptocurrency market, discussing its potential and the hurdles it faces. Throughout this episode, you'll gain valuable knowledge about the future use cases of crypto, tips to steer clear of crypto scammers, insights into the challenges that Bitcoin might encounter, and an exploration of the obstacles hindering widespread crypto adoption.   What You'll Learn in This Episode:   - The exciting future use cases of cryptocurrencies and how they can impact various industries. - How to identify and avoid crypto scammers to protect your investments. - The specific challenges that Bitcoin might face and how they could shape its future. - The key obstacles and challenges that are currently impeding widespread crypto adoption.   Don't miss out on this engaging and informative episode! Tune in now to expand your understanding of cryptocurrencies and equip yourself with the insights needed to thrive in this dynamic financial landscape. Check out the latest episode of The Free Retiree Show today!  

Credit cards can feel like financial quicksand if mishandled, pulling you into seemingly insurmountable debt. If you're not careful, credit cards can lead to trouble. Yes, reckless spending and the enticing instant gratification they offer can lead to a spiral of debt that's hard to escape. But does it paint the complete picture of debt? Absolutely not, because not all debt is bad. In fact, if you use debt the right way, it can actually help you!  In this week's episode of The Free Retiree Show, wealth manager Lee Michael Murphy uncovers the golden rules of utilizing debt. With credit card debt, you should always clear your bill in full each month. This is because credit card companies charge high interest on unpaid balances. If you only make the minimum payment, you'll pay more over time due to these interest charges.  We will also discuss how debt can lead you toward increasing your wealth, whether helping you obtain the education needed for a higher-paying job, starting a business, or investing in real estate. We'll discuss what opportunities to look for and how to increase your savings and income through debt. Ready for a paradigm shift? It's time to understand the good, bad, and ugly surrounding debt.  What can you learn from this episode:  Why should you always pay off your credit card in full every month? How can you use a credit card for emergencies?  Overcoming financial struggles through an intelligent debt management  Is good debt real for real estate investing?  How do wealthy individuals utilize debt as a financial tool? 

If you've ever wondered how to deal with difficult colleagues, you're in the right place. Unfortunately, some co-workers have a not-so-special gift of annoying us and making our work more complicated than it needs to be. The good news is that there are strategies that you can utilize with these challenging co-workers to repair and strengthen your relationship with them. Join career advisor Sergio Patterson as he shares tips to help you improve these relationships. Sergio also advises on becoming the co-worker that everyone gets along with and enjoys.    In this episode, we'll discuss the importance of: Saying "Yes"  Actively listening Communication Solving problems  Bring positive energy Showing appreciation Demonstrating respect and empathy.    Fear not if you have a problematic co-worker that's making you stressed out. You're a download away from understanding how to turn these relationships around and understanding how to be the co-worker that everyone wants on their team.

As another graduation season approaches, many are filled with joy at the prospect of leaving college and beginning to make money. However, it is essential to note that college graduation does not equal financial freedom.    Establishing a solid financial foundation is imperative who individuals who are starting their wealth-building journey, no matter what stage of life they are in. For those starting out, making the right financial decisions at the beginning of their wealth creation journey can make a difference in their economic future and impact whether they retire rich or poor.    In this episode, Lee shares expert tips to establish a financial foundation that helps you excel in your finances. Whether you're a recent college graduate, millennial, or retiree, there are valuable insights and actionable steps to take charge of your finances.   What you'll learn in the episode:  How to establish your financial foundation. Why you need a substantial savings account. What to do with your 3 - 6 months of cash sitting in the bank How to be thoughtful and intentional with your money. Why you need more than a college degree to be wealthy.   Take advantage of this opportunity to gain valuable knowledge and take control of your financial future. Tune in now to hear Lee's expert advice and learn how to start building wealth today. To learn more about our podcast, check out: https://linktr.ee/TheFreeRetiree

Getting caught up in the excitement of purchasing your first home is easy, but this emotional rollercoaster can sometimes lead to hasty decisions and costly mistakes. With such a significant investment, it's crucial to consider various factors to ensure you make the right choice for your financial future.   When first-time homebuyers overlook essential financial considerations, they can face many challenges that jeopardize their financial well-being, overall satisfaction, and long-term goals. In addition, choosing the wrong location or an incompatible home type can lead to unhappiness and reduced quality of life. Buying a house you can't afford can put you in a difficult financial situation by making it difficult to save and cause you to struggle financially in your retirement.    If you're a first-time homebuyer and want to avoid these mistakes, we got you! In today's episode of The Free Retiree Show, wealth manager Lee Michael Murphy shares common mistakes first-time home buyers make. In addition, this episode provides invaluable advice on navigating the home-buying process's complexities.    What you'll learn in the episode:  How much should you prepare for a proper reserve?  What is the ideal credit score before buying a new home?  To look beyond the house's beauty and focus on its location. The importance of getting a home inspection to identify potential property issues. Find out how much you should spend on your monthly mortgage payment. 

Understanding the importance of having a clear vision and purpose paves the way for a successful and fulfilling journey in the professional world. By setting precise goals and remaining committed to them, individuals can navigate the challenges and uncertainties of the business landscape with greater ease and determination.   However, neglecting to acknowledge the "why" behind one's ambitions can lead to a lack of direction, motivation, and achievement. The absence of a guiding purpose can result in wasted resources, time, effort, and the potential deterioration of personal relationships and well-being. It is essential to recognize the driving force behind your aspirations in order to remain focused and resilient in the face of adversity.   Our guest today, Bashar J Katou, is a 7-figure Amazon FBA seller and the founder of BJK University. Bashar's journey began with a failed attempt at running a restaurant, inspired by the show "Bar Rescue," which left him not only with a ruined business but also a fractured relationship with his father. Determined to redeem himself, Bashar ventured into the world of Amazon FBA. After a rocky start, he invested in a course that set him on the path to success. Today, Bashar runs a thriving 7-figure Amazon FBA business. He also runs BJK University, which aims to impact the lives of 1 million individuals by providing them with the resources and support he wished he had at the beginning of his journey.   Tune in to this inspiring episode to learn valuable lessons from Bashar's experiences, including the significance of planning, and the power of understanding your why.  Learn how to stay motivated and adaptable through business, career challenges, and setbacks.  Don't miss out on this opportunity to gain insights that can transform your career and business aspirations into tangible success.   What you'll learn in this episode: How to determine your purpose for career and business. Importance of discovering your "why" for an unshakeable purpose. How to craft a long-term vision for enduring success. Why should you focus on a single primary goal to drive progress? Tips for building a sustainable and resilient business. How to stay motivated and adaptable through challenges and setbacks.  

In an ever-changing world, the golden years of retirement seem like a distant dream to many. However, the key to a secure and enjoyable retirement lies in meticulous planning and steadfast discipline. Sustainable work practices are essential for ensuring a smooth transition into retirement. Adopting a balanced approach to work, incorporating self-care, and prioritizing mental and physical well-being will pave the way for a more fulfilling and enjoyable retirement. Furthermore, with increasing life expectancies, a volatile global economy, and rising healthcare costs, laying the groundwork for financial stability during our golden years is crucial.   We are thrilled to have the extraordinary Lynnette Khalfani-Cox as our guest in this week's episode of The Free Retiree Show. A powerhouse in financial education, Lynnette co-founded TheMoneyCoach.net LLC in 2003 with her husband, Earl Cox. Lynnette's extensive background as a financial journalist and her Master of Arts in Journalism have culminated in a prolific career as an author, with 15 personal finance books to her name. Her New York Times best-seller,  Zero Debt: The Ultimate Guide to Financial Freedom, has transformed countless lives. As a passionate advocate for wealth-building in African-American and communities of color, Lynnette leads by example, investing in stocks, mutual funds, ETFs, crypto, and real estate. She has shared her financial expertise in over 1,000 news and lifestyle TV segments such as Good Morning America, The TODAY Show, Dr. Oz, Dr. Phil, Oprah, The Steve Harvey Show, and Rachael Ray.    In this thought-provoking episode, we will explore the significance of sustainable work practices, planning for healthcare costs, and risks in retirement. Lynnette's invaluable insights on securing diverse income streams will empower you to build a solid financial foundation for your golden years. With her expert guidance, you will learn to navigate the choppy waters of retirement and sail smoothly toward financial freedom.    It's never too early or late to prepare for the retirement you deserve! Tune in with hosts wealth manager Lee Michael Murphy and career advisor Sergio Patterson.    What you'll learn in this episode:    Discover the power of community and social connections.  Planning for income streams in retirement Why maintaining a healthy lifestyle is essential before retiring Sustainable work practices for long-term success Healthcare Costs and Risks in retirement Tips for leveraging technology for productivity and growth How to break the wealth gap and instill a positive wealth mindset in your kids   

  The traditional linear career path has long been a cornerstone of professional success. However, the modern workforce is evolving, and so are our perceptions of what it means to have a fulfilling career. In this ever-changing landscape, the non-linear career path is emerging as a viable and rewarding alternative, offering unique benefits and opportunities that can enrich our professional lives. A contemporary trend of non-linear career paths reshapes how we view professional development. As the rigid, ladder-climbing mindset gives way to a more fluid and dynamic approach, individuals are increasingly charting their unique paths. Over the years, everyone witnessed a lawyer turned entrepreneur, an engineer who transitioned into marketing, and a teacher who found their passion in software development. These trailblazers have expanded their skills and experiences by charting their own courses, creating unique, fulfilling career trajectories. In this episode of The Free Retiree Show, career advisor, Sergio Patterson, delves into the benefits of embracing a non-linear career path. From cultivating a diverse skill set to fostering personal and professional growth, we'll explore how stepping off the beaten path can lead to a more satisfying and successful career. Learn how this unconventional approach can empower individuals to forge their way, tap into their passions, and create new opportunities in an ever-evolving job market. What you'll learn in this episode:    The concept of a non-linear career path and how it differs from job-hopping How the non-linear career path is becoming the new normal The impact of the COVID-19 pandemic on people's values, priorities, and career choices The importance of saying yes to opportunities and raising your hand for projects The benefits of skill development and diverse experiences in different roles and companies The importance of being intentional in your career choices and taking strategic opportunities How diversity in your background can be highly sought after in the job market

Tax filing deadlines for businesses sometimes catch employees and business owners off guard. However, tax season is upon us again, and it is essential to be prepared with the right strategies. Staying on top of your tax preparation throughout the year is necessary to file your taxes accurately and avoid any unforeseen problems regarding your personal or business finances.   Regarding taxes, most people are looking for ways to reduce their tax liability and save money. You may minimize your tax liability and keep more of your hard-earned cash by being knowledgeable on tax planning options, deductions, and potential credits that are available to you.    In this week's episode of the Free Retiree Show, Wealth Manager Lee Michael Murphy shares valuable tax strategies and tips. While none of the content provided is tax advice, Lee's expertise in finance has helped many individuals and businesses minimize their tax burden. Discover helpful tips on traditional IRA contributions, phase-out ranges, Roth IRA contributions, the benefits of having an HSA account, and more! By taking these proactive steps, you'll be better equipped to face tax season head-on and maximize your financial success. Tune in now.    What you'll learn in this episode:  Contributing to retirement accounts, like traditional or Roth IRAs, can be a strategy for reducing taxes. Traditional IRAs may provide tax-deductible contributions How business owners can potentially benefit from accelerated depreciation on equipment or other assets How the benefits of Health Savings Accounts (HSAs) may give individuals a triple tax benefit.   Please note that the information provided in this episode is for educational and informational purposes only. It is not intended as legal or tax advice and should not be relied upon as such. We strongly recommend consulting with a qualified tax professional or accountant for personalized advice tailored to your specific financial situation. We do not assume any responsibility for actions taken based on the information provided in this episode.   

In 2023, many companies are facing layoffs due to various factors such as economic instability, technological changes, and market competition. According to recent data, over 1 million people have lost their jobs in the first quarter of the year.  It's a scary environment for employees.  In this uncertain time, it's essential to focus on what you can control, and that includes keeping your job.   Losing a job is a stressful and overwhelming experience. It's not just about losing your source of income but also your sense of identity and purpose. Many people fear being fired because it can impact their self-esteem, career prospects, and social status. Others may worry about their financial obligations, health insurance, and retirement savings.    In this week's episode of The Free Retiree Show, career advisor, Sergio Paterson, outlines practical tips on how to keep your job and stand out in a competitive work environment. Learn the importance of managing up, building a strong relationship with your manager. And the importance of proactively seeking feedback, taking on new challenges, and identifying solutions to company problems, you can demonstrate your value and potential for growth.    Learn how to navigate the challenges of a changing job market, enhance employability, and increase job security. Whether you are a recent graduate, mid-career professional, or senior executive, this episode provides actionable advice on how to keep your job and thrive in your career. What you'll learn in this episode:    The current state of layoffs in companies as of 2023. Tips on how to keep your job by developing a unique skillset, being consistent, managing up, and building strong relationships. The importance of being proactive and asking your manager what you can do to help solve problems and demonstrating your value. The benefits of being known as a consistent and reliable employee who can be counted on to deliver great work. The significance of networking and building strong relationships with coworkers and colleagues to increase your value and protect your job. The value of investing in learning new skills and using online resources such as Udemy, Coursera, and LinkedIn Learning. Strategies for standing out from the crowd and making yourself indispensable to your employer, such as taking on tough projects and being willing to work on the less glamorous aspects of a job. The importance of being prepared for potential layoffs and having a clear understanding of your skills and value in the job market.

The automotive market has been a rollercoaster in recent years, with people eagerly seeking their dream car amidst supply chain challenges, chip shortages, and rising prices. As the car market begins to stabilize, the excitement around car buying continues to grow. But before you jump into a purchase, it's crucial to make an informed decision.   In today's fast-paced world, it's easy to get caught up in the excitement of buying a new car without considering the long-term implications. Remember, a car is more than just a shiny object. It can be an investment, significantly impact your cash flow, and it must be approached with many other considerations in mind. Understanding the current state of the automotive market and assessing your financial situation are crucial steps in making a responsible decision.   In this week's episode of The Free Retiree Show, our hosts, wealth manager Lee Michael Murphy and career advisor Sergio Patterson discuss the state of the auto market,  what you need to consider before buying a new car, and how to calculate the ideal auto payment.    Tune in to this episode of The Free Retiree Show to gain the confidence and knowledge you need to make a wise and informed decision about your next auto purchase.     What you'll learn in this episode: The state of the auto market and whether it's the right time to buy a car Factors to consider before purchasing a car, such as budget and affordability The impact of the pandemic on the supply chain and chip shortages in the auto industry Changes in how loans are structured and the potential for repossession What to do if you're struggling to make your car payments.

Property prices are starting to decline. Will the current trend continue, or will we see a rebound in prices? What factors will impact real estate prices in 2023?   The housing market has experienced its fair share of ups and downs. It can be tough to know whether or not you're making the right decision when buying a home. With the current state of the housing market, it's vital to be well-informed and prepared to ensure that you make the best decision for your financial future. From mortgage rates to inventory levels, many things can impact your home-buying experience.   In this week's episode of The Free Retiree Show, wealth manager Lee Michael Murphy shares the key factors you need to consider when buying a property in 2023. Discover how to navigate the current housing market conditions and provide tips for finding the right property at the right price. Whether you're a first-time homebuyer or an experienced investor, this episode will provide valuable insights to help you make informed decisions and achieve your homeownership goals. What you'll learn in the episode: Current real estate updates and data What to consider when buying real estate in 2023 Residential real estate supply Is the real estate market going up or down?   

Building a solid personal brand is crucial for professionals seeking to establish themselves in their industry and attract new opportunities. When you engage in personal branding, you show and promote a name for yourself in the marketplace, distinct from your competitors. As a result, personal branding can unlock new professional opportunities and help build your network.   We all know that in today's fast-paced world, attention spans are short, and competition is fierce. That's why it's crucial to produce content that stands out from the crowd and leaves a lasting impression. By creating valuable content that resonates with your target audience, you can establish yourself as a thought leader, showcase your skills and expertise, and attract the attention of potential employers or clients.   As a career coach and branding specialist, our guest, Katelyn Richards, is passionate about helping top talent build their brand to unlock their dream opportunities. Katelyn founded Career Crafter's Community and is a certified personal brand strategist.    In today's episode of The Free Retiree Show, Kately dives into the art of creating high-quality content that showcases expertise and helps build a personal brand, and lands you new opportunities. In addition, discover the best posting frequency and content pillars to increase LinkedIn visibility and engagement.    What you'll learn in the episode:    The benefit of being authentic on LinkedIn  How did LinkedIn's personal branding shift from professional to personal?  The best posting frequency and pillars for your personal brand  Tips on content creation for your personal brand   

As we move into March, there's a lot happening in the economy that investors should keep an eye on. With reporting season in full swing, we're seeing how the economy is performing.   While there are challenges to be aware of, such as company layoffs and high rates, there are also opportunities for investment. With significant valuation cuts and discounts, now is the time to take action and invest in companies with strong revenues, innovation, leadership, and network effects.   Looking for insight into the current economic climate and what it means for your financial future? In this week's episode of The Free Retiree show, wealth manager, Lee Michael Murphy breaks  down the latest news on corporate profits, the Fed, and the economy, providing a clear understanding of what to expect in the coming months.   What you'll learn in this episode:  Is the economy weak or strong?  Economy market trends for 2023  Can we expect a decline in inflation rates?   

Have you ever heard of the term "financial bubble"? It's a situation where the prices of assets such as stocks or real estate rise rapidly due to speculation and hype rather than their intrinsic value. When the bubble bursts, it can lead to significant losses for investors. Financial bubbles tend to follow a typical pattern, and understanding the stages can help you avoid them. By learning from the lessons of the Crypto bubble and the 2008 Global Financial Crisis, everyone can make informed decisions about emerging investment opportunities.   In today's episode of The Free Retiree Show, wealth manager, Lee Michael Murphy shares how to spot and avoid financial bubbles. Find out the warning signs, such as high levels of speculation, overconfidence, and the disconnect between asset prices and their underlying value. By learning to recognize these warning signs, you can take action to protect your investments.   This is a valuable episode you shouldn't miss!    What you'll learn from the episode:    Tips on spotting financial bubbles How to avoid financial bubbles?  Why should you not give in to investment FOMO?

One of the most common reasons for divorce is financial issues. Many people want the "right person" in love. The right individual is gorgeous, kind, shares just enough interests, gets along with our friends and family, and makes us feel special. However, the majority of people fail to take financial responsibility into account when making long-term relationship decisions. Every couple needs to have a conversation about money, including who will be responsible for which bills, whether they will have separate or shared bank accounts, the limits on each person's expenditures, and common financial goals.  Marriage can suffer if financial issues spiral out of control.  Financial concerns can destroy wealthy and indebted relationships alike.    In this week's episode of The Free Retiree Show, financial advisor, Lee Michael Murphy, shares a rundown of the most typical money problems that married couples face. Tune in so you can work towards a better relationship with your significant other. What you'll learn in this episode: Should you have a joint or separate account with your spouse?  Common financial problems that lead to couples separating. Why is transparency essential in marriage finances?

Looking for a new job opportunity? If so, be careful! Households lost hundreds of millions of dollars in 2022 from job-hiring scams. Scammers are creating false job postings in which they appear as legitimate employers in an effort to obtain sensitive personal information.   Scammers are utilizing online job services, such as LinkedIn to portray themselves as hiring managers and recruiters. The inclusion of recognizable brand names and utilizing the identity of real hiring managers has been a common tactic of scammers.   While some fake job postings are easy to recognize, others can look very authentic.  How do you determine whom to trust? Career coach Sergio Patterson shares simple precautions that should help you avoid falling victim to fake recruitment scams. Learn tips on how to stay vigilant while job searching.   What you'll learn in this episode:    How to protect yourself from recruitment scams. How to spot a recruitment invitation that looks authentic, but that is fake.

Warren Buffett is widely regarded as one of the most successful investors. His investment advice has stood the test of time.   Warren Buffett's company, Berkshire Hathaway, has acquired a fortune in the billions of dollars.    With the New Year just starting, it's a good time to reflect and create resolutions. One of the best things to consider for 2023 is investment resolutions. Informed investors make better investment decisions. There is no unique trick you need to master to invest like Warren Buffett. However, many new investors are taken aback by the simplicity of the Oracle of Omaha's investment approach. We've lost count of the amount of investing mistakes we've made over the years, but almost all of them fall into one of Warren Buffett's ten investment tips.    In this week's episode of The Free Retiree Show, wealth manager, Lee Michael Murphy, shares Warren Buffett's 10 Ways to Get Rich. Kick off the new year with new and compelling investment strategies!    What you'll learn in the episode:    Warren Buffett's top 10 tips to get rich Why is it important to calculate risk when investing?  How persistence can do wonders to your investing outcome.

Due to the fast-paced nature of the workplace and the integral role that technology plays in it, the recruitment process is always evolving. Technological and automated recruitment trends will profoundly impact  finding and attracting new employees in the future.    In this episode of The Free Retiree Show, the hosts sit down with Matty Gregg. Matty worked at Apple for 13 years and lead projects such as Apple Pay, Apple Card, and Apple Transit. He now focuses on the talent intelligence industry and specializes in turning HR teams from tactical to strategic workforce partners. He is now the Vice President and Head of Talent Management of First Republic Bank.    Matty explains the current workforce trends and future of recruitment, and what separates elite candidates from the good candidates. With hosts, wealth manager Lee Michael Murphy and career advisor Sergio Patterson, join this week's episode of The Free Retiree Show.  What you'll learn in the episode:   The future of hiring  What are the recruiting managers looking for when filling a position?  What separates elite candidates from the good candidates?  

The housing market saw extreme volatility in 2022 due to rising interest rates and rapid price increases. This 2023, mortgage rates are predicted to rise even more before trending back down, creating difficulties for both buyers and sellers. Many homeowners, prospective sellers, and potential homebuyers are worried due to rising mortgage rates, slowing house sales, and market uncertainty.    Fewer home sales, lower prices, and higher mortgage rates are what most experts in the real estate market anticipate.  Real estate values could go down, but probably not as much as they did in 2008. Home sales are expected to remain sluggish this year. For many first-time house buyers, 2023 will be a delayed dream rather than a celebration, as home costs exceed their budget and income.     Is 2023 the time to buy another real estate property, given the rising cost of housing brought about by inflation and interest hikes? And if you delay, could you be priced out of the market completely?   In this week's episode of The Free Retiree Show, wealth manager Lee Michael Murphy shares 2023 predictions for the real estate market. Get advice on the best time to invest in housing this year.    What you'll learn in the episode: What will the housing market look like In 2023? Should you buy a house now or wait?  When will rates decline in the housing market?

The working environment has radically changed. 2022 was a year marked by rising inflation, declining company valuations, and significant cultural shifts experienced by both businesses and their employees. In 2023, businesses will face new obstacles, such as accelerating unemployment, and mounting cost pressures. What the new normal will be and how to incorporate lessons learned from the pandemic are challenges employers and workers alike must face. It's important to anticipate shifts so workers can prepare.  As we begin a new year, what are the most prominent workplace trends that we can expect this 2023?     In today's episode of The Free Retiree Show, career advisor, Sergio Patterson, shares the top three workplace trends for 2023. Be updated on what's happening in today's workplaces to give you a better grasp of the efforts that are shaping the modern workplace.     What you'll learn from the episode: • Workplace trends you should watch out for this 2023  Why is mental health wellness so important for today's workplace?  How can working from home change an employee's work-life balance?

As we welcome 2023, there's so much uncertainty in the economy, but one thing you can control? Your investment strategies. Successful investors don't get created overnight.  It takes time and patience, not to mention trial and error to learn the ins and outs of the financial world and your personality as an investor.  With 2022's market pains behind us and 2023's opportunities ahead, investors would be wise to proceed with caution and a long-term outlook. It's easy to get distracted by the buzz surrounding a "hot stock" or "trendy new investment option," but remember that building wealth through investing takes time and requires a well-rounded portfolio. Investing is not a game of "luck" or a means to "become rich." It's crucial to your long-term monetary security.  Let's start 2023 fresh and equipped! In this week's episode of The Free Retiree Show, wealth manager, Lee Michael Murphy reveals the steps to becoming a successful investor in 2023. Be a wiser long-term investor as we commence this year.    What you'll learn in this episode:  Steps to become a successful investor in 2023. Why should you purchase real estate investments now?  Mindset every successful investor must have when investing.  

If you're tired of seeing your bank account balance go down, it's time to figure out why that keeps happening. “Why am I broke?”  If you ponder this question on a monthly basis, you are not alone. With sustained inflation eroding wage gains, the proportion of Americans living paycheck to paycheck has risen to a near-historic high of 63%.    The reality is that many people will never achieve their financial goals, but not because they can't. Anyone with the correct mindset and behaviors can do it. However, many unintentionally behave in ways that hurt their finances.  Building wealth requires hard work, preparation, consistency, discipline, accountability, and solid money management, regardless of your financial condition or income.  In this week's episode of The Free Retiree Show, wealth manager, Lee Michael Murphy, outlined 10 common money problems that keep people broke. Consider these possible reasons for your financial difficulties and evaluate what you can do to improve your situation. What you'll learn in this episode: Common reasons why people are broke  Tips on how to stop living paycheck to paycheck Are life and health insurances worth it?   

No two recessions are alike. Whether or not the US economy is entering a recession is a topic that has been . In any case, the United States and the world economy are experiencing a time of significant stress, regardless of whether or not the National Bureau of Economic Research formally declares a recession.    The economy shrunk for two straight quarters in Q1 and Q2 of this year, and the construction of new homes has also drastically decreased. A recent drop in consumer confidence and an uptick in layoffs have caused a great deal of concern. There is increasing speculation if we're experiencing the next Great Financial Crisis.    In this episode of The Free Retiree Show, wealth manager Lee Michal Murphy compares the differences between the Global Financial Crisis of 2008 vs. the 2022 economic downturn. Discover the difference in different areas of macroeconomic metrics. Join us as we evaluate the labor market, housing shortage, consumer sentiment, and more.    What you'll learn in this episode:    Differences between the volatility of 2022 and the Great Recession of 2008 How to prepare in the event of a recession?  How strong is the real estate and labor market this 2022?

Layoffs and hiring freezes are growing rapidly, but the labor market is still strong. Some workers are implementing a new concept called  "career cushions" to prepare themselves in case of an unexpected job loss. According to LinkedIn statistics, members added 365 million skills to their profiles in 2022, which is a 43% increase from the previous year.   Many employees are "career cushioning," which means they actively seek new employment opportunities and plan to transition out of their current position as soon as possible. The term cushioning is borrowed from the dating approach that involves considering other choices to soften the shock of a breakup. In the workplace, this expression means preparing for the unexpected by keeping your options open and ensuring you have a safe place to land. Career cushioning includes preventative measures, like updating one's skill set, networking, and applying for open positions.   In this week's career advancement edition of The Free Retree Show, career advisor Sergio Patterson shares how career cushioning can help you prepare for a job loss. Get tips on how to safeguard your career through career cushioning!    What you'll learn in this episode: How can career cushioning help you prepare for a job loss?  Tips on finding better career opportunities  How did career cushioning replace quiet quitting  How to protect yourself from job loss while creating new opportunities in your career  

Each person has a unique perspective on wealth and financial success, influencing their choices with their own money.   Adopting a sound and optimistic money attitude is crucial if you want to achieve your financial and life ambitions. But that's not always easy, when you feel like you're constantly in debt and have nothing left over after you pay your bills.   A positive wealth attitude takes time. Maintaining an open and adaptable mindset, discipline, and having unwavering commitment to your financial goals is needed. Beliefs have power over our reality. So how do we cultivate a wealthy mindset for financial stability?    We are honored to be joined by mentor & advisor to ambitious professionals, visionary entrepreneurs/business builders & wealth creators, Ron Malhotra. Ron's mission in life is to encourage others to THRIVE and provide them with the tools they need to achieve their full potential in terms of influence, success, and wealth. Ron is a best-selling author of the books Eight Wealth Habits of Financially Successful People and Indoctrinated. In this week's episode of The Free Retiree Show, Ron shares the important connection between psychology and wealth. Learn how to develop a powerful mindset when it comes to creating wealth. He also shares three things you must do to overcome the problem of not acquiring financial literacy earlier.    What you'll learn in this episode: The important connection between psychology and wealth   How to develop a powerful mindset when it comes to creating wealth Importance of financial literacy in our lives 

Each person has a unique perspective on wealth and financial success, influencing their choices with their own money.   Adopting a sound and optimistic money attitude is crucial if you want to achieve your financial and life ambitions. But that's not always easy, when you feel like you're constantly in debt and have nothing left over after you pay your bills.   A positive wealth attitude takes time. Maintaining an open and adaptable mindset, discipline, and having unwavering commitment to your financial goals is needed. Beliefs have power over our reality. So how do we cultivate a wealthy mindset for financial stability?    We are honored to be joined by mentor & advisor to ambitious professionals, visionary entrepreneurs/business builders & wealth creators Ron Moharta. Ron's mission in life is to encourage others to THRIVE and provide them with the tools they need to achieve their full potential in terms of influence, success, and wealth. Ron is a best-selling author of the books Eight Wealth Habits of Financially Successful People and Indoctrinated. In this week's episode of The Free Retiree Show, Ron shares the important connection between psychology and wealth. Learn how to develop a powerful mindset when it comes to creating wealth. He also shares three things you must do to overcome the problem of not acquiring financial literacy earlier.    What you'll learn in this episode: The important connection between psychology and wealth   How to develop a powerful mindset when it comes to creating wealth Importance of financial literacy in our lives 

How many milestones have you set for yourself? Hundreds of goals? Thousands of goals? How many of these goals have you actually achieved?    No matter how you look at it, success is difficult. Almost every successful person you know of got where they are today through relentless effort, laser-like focus, and unwavering determination.  Sadly, 70% of goal-setters don't succeed in doing what they set out to do. A variety of factors can hold people back from achieving their goals or living the lifestyle they desire. Hard work is one of the most essential factors for achieving success, but it would be unwise to assume that it is the sole requirement. There's hope! In order to attain success, there are things people must prevent and let go of.  With 20 years of experience in success coaching, Michael Mints is the perfect guest for this week's topic. Michael helps executives and professionals break through ceilings that have held them back because success takes more than just hard work. With his strategy, he uncovers the potential of every person, to dominate their career and life.    In this week's episode of The Free Retiree Show, Michael shares the factors that prevent people from achieving success. Learn how being intentional and having a plan can help you on the road to success ,and the importance of  why you should celebrate success.  What you'll learn in this episode:    Factors that prevent people from achieving success How intentionality can help you on the road to success The importance of committing to a routine  Why and how you celebrate small and big successes

A wave of layoffs has swept across American businesses in 2022. Tech companies as big as Netflix, Meta, Twitter, and Google have slashed their workforce this year, and the once invincible real estate market is also starting to show signs of weakness.    Businesses fail, industries dry up, and market demands shift.  It's time to realize that putting your job security in the hands of your employer isn't the best choice. It's time to begin banking on yourself for job stability, regardless of the sector you work in or how secure your business appears to be right now.    The first thing to keep in mind if your company announces layoffs is to remain calm. Although being laid off is traumatic, now is the time to focus on building your professional network and developing your skills. In today's episode of The Free Retiree Show, get updated with the status of the current job market. Learn the best practices to be prepared for possible layoffs.    What you'll learn in this episode: Which companies will be downsizing How to be proactive and not reactive during layoffs Tips to rebound after losing your job Signs that your company may be slashing workers

Over the past several years, digital currencies have become increasingly important to the portfolios of both individual and institutional investors. Cryptocurrency investments have a high degree of uncertainty, but some projects have a promising future.    Despite the rising popularity of Bitcoin and other cryptocurrencies, there are certain important facts you should know before putting your money into them.  The value of even the most popular cryptocurrencies has been erratic. The market needs increased transparency, consumer safeguards, and regulation.   Erica Standford joins our hosts in this week's episode of The Free Retiree Show. She is the founder of the Crypto Curry Club, the UK's no. 1 rated networking and educational events for crypto, blockchain and FinTech. Erica is also the author of the bestselling award-winning book Crypto Wars: Faked Deaths, Missing Billions and Industry Disruption.    She shares the common cryptocurrency scams and how to avoid them, and gives an update on the current status of cryptocurrency and what you should know if you are considering investing in the space.    What You'll Learn In This Episode:    Is cryptocurrency a good investment?  The most common cryptocurrency scams. Preventive tips to avoid cryptocurrency scams. How to protect yourself from common financial scams.