Podcasts about abacus wealth partners

Are you checking in with yourself and your mental health?We know Mental Health Awareness Month has been all about how we, as leaders, can support our employees. But let's flip the script for a moment: what about your own mental health? What's at risk when you're always operating at full throttle without a break?This week, we have a story you don't want to miss from Mary Beth Storjohann, Co-CEO of Abacus Wealth Partners.It's powerful to hear a woman who's achieved so much career success talk openly about mental health struggles. It reminds us that no matter where you are in your career, mental health is crucial.Mary Beth shares her journey of success in a male-dominated field, candidly discussing what led her to a mental health breaking point and how she bounced back with a fresh perspective on boundaries and protecting her peace.She also dives into the unique pressures on women in leadership and the impact we, as female leaders, can have on the people we lead.Tune in to hear Mary Beth's story and get inspired to prioritize your own mental health while leading with compassion and strength.About Mary Beth StorjohannMary Beth Storjohann is Co-CEO of Abacus Wealth Partners. She is a CERTIFIED FINANCIAL PLANNER™, author, and speaker with 19 years of experience in the financial services industry. She joined Abacus in 2019 as Chief Marketing Officer after successfully launching and growing her own RIA firm and in 2022 was appointed as Co-CEO.A believer that “actions speak louder than words,” Storjohann is known for sparking conversations and modeling change in the financial services industry by leaning into uncomfortable dialogue and decisions in order to leave the world and our industry in a better place. She is a fierce advocate for women, diversity, equity & inclusion, and making financial advice accessible to underserved populations and has been invited to speak at various industry and consumer-focused conferences about the work Abacus is doing in these areas. Mary Beth has been featured in major media outlets such as The Wall Street Journal, NBC, Glamour, NPR, The New York Times, Women's Health, Cosmopolitan, CNBC, Forbes, and more.Her accolades include the “Top 40 Under 40” by Investment News, being listed as a 2023 MO 100 Top Impact CEO by Big Path Capital, and she was named a Top Ten Most Influential Advisor by Investopedia – a list celebrating financial advisors making significant contributions to critical conversations about financial literacy and wealth management.Mary Beth lives in San Diego with her husband, a 5 & 7-year-old who are constantly demanding snacks, and two rescue dogs. Links MentionedFind Mary Beth and Abacus Wealth online: WEBSITE: https://abacuswealth.com/

Special Announcement: Doors are now open to our 5-week Money Mastery Study Group where Lindsey will be a guest teacher about Personal Finance 101 I was drawn to invite financial advisor Lindsey Woodward to the podcast after participating in a retreat together with founder of Abacus Wealth, Spencer Sherman. I found it so refreshing to meet a fellow socially responsible woman in the field of investing, and I was excited to share her wisdom with our community at Rising Women Leaders. In this episode we discussed: How Lindsey was drawn to working in money & business  What it was like working in a male-dominated field at her first firm, and the journey of finding her voice even when she was often the only woman in the room How she was able to shift to investments that align with her values at Abacus Wealth The intersection of values and money, and how to be intentional with spending, saving, investing, giving, and passing money on to future generations intentionally How to discover your values and align them with your investments Investing basics, compound interest, how to get started and why we do it Some basic steps to get started with financial literacy and empowerment Lindsey's advice for when you're having trouble saving or giving  May 31 is the last day to get the discount on our :: 5-Week Money Mastery Study Group :: This 5-week online zoom group meets every Monday for 5 consecutive weeks: June 3 to July 1, 2024 Each week has a different focus: Key Principles of Wealth + A Deep Dive into The Luminous Method Bank Account Awareness (Systems + Tracking) Ancestral Healing + Tapping into the Belief Systems  Recently added Bonus: Personal Finance 101 with Wealth Advisor Lindsey Woodward All classes are recorded even if you can't make it live... We'll walk you step by step through the changes we have made in our lives to become conscious creators when it comes to money. PLUS you'll receive Jessica's digital course to learn THE LUMINOUS METHOD ($300 value)  PLUS you'll receive a one-on-one 75 min Money healing EFT session with me ($300 value) and 5 weeks of live zoom study group calls with us ($500 value) That's a $1100 total value. But, right now we're taking off more than 50% for you, available today only, May 31.  Sign up today for one payment of $444 or 3 payments of $150.  Our intention is to make this fun, easy and digestible, to take the stress out of our relationship to money and open to the abundance of financial miracles...  We believe in empowering others to heal inherited limiting beliefs and grow beyond what we thought was possible for our lives. We know when more of us are feeling capable and empowered when it comes to money, it's going to ripple out and expand our capacity to give and serve at our highest. Read more about it right here. Class begins on Monday, June 3 and classes are recorded if you can't make it live.  Stay in Touch with Lindsey: Linked In Abacus Wealth Email: lindsey@abacuswealth.com Other Links in this Episode: Ellevest Manisha Thakor's books Vanguard Stay in Touch with Rising Women Leaders: Website Instagram Make a donation on Patreon Lindsey serves as the Co-Chief Investment Officer at Abacus Wealth Partners, a firm that provides fee-only, comprehensive financial advice to help individuals, families and foundations. Lindsey is dedicated to helping the people and organizations she works with align their money with their goals and values. She is a proud member of WISE (Women Investing for a Sustainable Economy). Lindsey loves exploring new places with her husband and their pups. Her favorite evenings are spent catching up with family and friends over a great meal.

Download “How To Find Ultra High Net Worth Clients" from https://financialadvisorsworkshop.com/  Spencer Sherman (MBA, CFP®) (https://abacuswealth.com/) is a leading financial advisor, author, public speaker, and the founder and former CEO of Abacus, a values-driven financial consulting firm managing more than $3 billion in assets. A New York native living in California, Spencer now devotes much of his time to sharing his mindfulness-based approach to money through books, courses, and personal appearances. In this episode, Brian and Spencer discuss: 1. Revolutionizing Advisor Models 2. Market Volatility and Investor Psychology 3. The Psychology of Investing 4. Balancing Risk and Reward LinkedIn: https://www.linkedin.com/in/mindfulspencer/            https://www.linkedin.com/company/sherman-financial-inc/ Website: https://abacuswealth.com/                https://www.spencer-sherman.com/ Instagram: https://www.instagram.com/mindfulspencer/channel/ Twitter: https://twitter.com/SpencerSherman Facebook: https://www.facebook.com/MindfulSpencer.Financial/ YouTube: https://www.youtube.com/@spencersherman6911 Google Books: https://books.google.com.ph/books/about/The_Cure_for_Money_Madness.html?id=tAfdf5cidzwC&source=kp_author_description&redir_esc=y To see short videos of all our best FA Business Growing tips follow us on:  Instagram: https://www.instagram.com/FinancialAdvisorsWorkshop   TikTok: https://www.tiktok.com/@faworkshop   YouTube: https://www.youtube.com/@financialadvisorsworkshop  Facebook: https://www.facebook.com/FinancialAdvisorsWorkshop   Twitter: https://twitter.com/FAsWorkshop   iTunes: https://podcasts.apple.com/us/podcast/financial-advisors-workshop-with-brian-kasal/id1614768408   Spotify: https://open.spotify.com/show/4OB78889GRx2FHjvWtsyeE   Website: https://www.financialadvisorsworkshop.com/   Work with FourStar: https://financialadvisorsworkshop.com/Advisors   DISCLAIMER: This content is provided by FourStar Wealth Advisors for the general public and general information purposes only. This content is not considered to be an offer to buy or sell any securities or investments. Investing involves the risk of loss and an investor should be prepared to bear potential losses. Investment should only be made after thorough review with your investment advisor considering all factors including personal goals, needs and risk tolerance. FourStar is an SEC registered investment advisor that maintains a principal business in the state of Illinois. The firm may only transact business in states in which it has filed or qualifies for a corresponding exemption from such requirements. For information about FourStar's registration status and business operations please consult the firm's form ADV disclosure documents, the most recent versions of which are available on the SEC investment advisory public disclosure website at www.adviserinfo.sec.gov

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Welcome to the Financial Secrets Revealed Series 3 podcast episode from Meet the Experts.Amanda Cassar here meets leading financial advisor, CEO, Author, public speaker, Entrepreneur, Media Contributor, and Mindfulness Thought Leader, Spencer Sherman.  Spencer is the Founder of Abacus Wealth and loves to teach how to increase money mindfully.Spencer has an MBA from Wharton and integrates hands-on practical insights with immersive experiences and powerful stories to shed new light on the practice of business and leadership.Spencer is the author of The Cure for Money Madness and teaches in The Inner MBA Program at New York University.  He loves sharing how being more mindful and intentional with finances can bring freedom and ease into your money Iife.We're enjoying Meeting the Professionals in Season 3 and hope you enjoyed Spencer's insights.This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer founded. Should you wish to connect with a financial advisor, we welcome you to schedule a free introductory 15 minute phone call. Once your financial needs are understood, we would be happy to help you find the best fit.Offer Financial Secrets Revealed on Amazon: Financial Secrets Revealed: Cassar, Amanda: Amazon.com.au: BooksBooktopia:  Financial Secrets Revealed, Collective Wisdom from Business Gurus, Financial Geniuses and Everyday Heroes by Amanda Cassar | 9781925648546 | BooktopiaBarnes & Noble: Financial Secrets Revealed by Amanda Cassar, Paperback | Barnes & Noble® (barnesandnoble.com)Connect with SpencerAbacus Wealth Partners | Financial AdvisorsSpencer Sherman, MBA, CFP® | LinkedInSpencer Sherman | Financial Education Services and Spiritual Wealth (spencer-sherman.com)Mindful Spencer | Facebook   Twitter | @spencersherman   Insta | @mindfulspencerFree Tools | Spencer Sherman | Financial Education Services (spencer-sherman.com)Follow Catch up with Amanda Cassar, host of Financial Secrets Revealed on Twitter and Instagram @financechicks and @Wealth_Planning_Partners or on LinkedIn at Amanda Cassar | LinkedInWebsites: https://amandacassar.com.au/ https://www.wealthplanningpartners.com.au/ (company website)https://trustedagedcSupport the show

“Self-worth is far greater than net worth!” - Spencer Sherman Spencer Sherman (MBA, CFP®) is a leading financial advisor, author, and public speaker, renowned for his mindfulness-based approach to money. As the founder and former CEO of Abacus, a values-driven financial consulting firm managing over $3 billion in assets, Spencer has transformed the lives of his clients and helped them achieve financial success on their own terms. You Don't Want to Miss: Breaking the Taboo Around Money Why Your Self-Worth Is So Much Greater Than Your Net Worth How to Transform Your Relationship to Money How to calculate your “Enough” number AND SO MUCH MORE!! Links And Resources: Follow Spencer Sherman at www.spencer-sherman.com. Grab Your FREE Self-Love Activation Meditation and Self-Care List at: http://theabundancealchemist.com/ The Abundance Alchemist Facebook Group: https://www.facebook.com/groups/theabundancealchemisttribe Instagram: https://www.instagram.com/caitlyn.theabundancealchemist/ Make sure you hit SUBSCRIBE so you don't miss out on any transformational thoughts, ideas, or inspiration! And, if you enjoyed this episode, please leave me a rating and a review! Sending you so much love and gratitude!  This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer founded. Should you wish to connect with a financial advisor, we welcome you to schedule a free introductory 15 minute phone call. Once your financial needs are understood, we would be happy to help you find the best fit.

The co-CEO of Abacus Wealth Partners describes a landscape in which women control ever more wealth. Host: Greg Bartalos.

Michael Heller, VP, Head of Financial Crime Proposition at Dow Jones Risk & ResearchBased in Los Angeles and having been with Dow Jones for a decade, Michael Heller is currently responsible for corporate strategy and go-to-market, globally, for the Financial Crime Compliance (FCC) business. He draws from a background as an entrepreneur, attorney, sales executive, and advisor to ensure clients building efficient compliance and risk management programs leverage the right data and technology. Michael's career has been focused on bringing transparency to global business. After law school, he worked as a consultant with the Business Intelligence Group and later, the Anti-Money Laundering (AML) Group at Goldman Sachs in New York. Admitted to practice law in California, he has also served as chief compliance officer and counsel at Abacus Wealth Partners in Los Angeles. Financial institutions and multinationals rely on data and technology to prevent and detect financial crime. Recent geopolitical developments have made it even more critical for those participating in the globalised economy to embrace innovation for managing downside risks related to money-laundering, corruption, and sanctions evasion. Navigating the risk landscape in APAC, for example, presents formidable challenges as organisations must be well-prepared to address myriad regulatory requirements in jurisdictions with vastly different levels of development and financial and legal sophistication. Financial crime in the region also exhibits a high degree of complexity due to factors such as rapid economic growth, the embrace of digital payments and crypto to move stored value across borders, and diverse cultural and governmental approaches to corruption and AML. It is in that spirit that Michael chats with Regulatory Ramblings host Ajay Shamdasani about the challenges of addressing money-laundering in Asia with an emphasis on the importance of adverse media screening to ensure FCC programs are keeping pace with regulatory expectations.  They also discuss the potential positives and negatives of Artificial Intelligence for financial crime and third-party risk management. Michael stresses the ultimate aim of embracing new technology is to bring greater transparency to risk management workflows, enabling institutions and corporates alike to screen customers and third parties at speed and scale.Indeed, as their discussion highlights, AI is poised to emerge as a game changing solution for compliance professionals; from reducing false matches to identifying patterns that could indicate suspicious activity. They also talk about noteworthy trends Michael has observed across the region concerning the development of disruptive technologies and the associated risks they pose. He also shares his views on the efficacy of initiatives by the Hong Kong Monetary Authority to encourage and support the local financial sector's adoption of AML and CFT RegTech, of which natural language processing for news monitoring is a key part (Linked at: www.hkufintech.com/regulatoryramblings ). The conversation ends with Michael providing tangible examples of how such capabilities can be effectively utilised to fill gaps in the current regulatory compliance landscape. He concludes with his predictions of the most pressing financial crime and technology-related challenges that institutions are likely to face in the next 12 months. More info at: www.hkufintech.comHKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.

“I think one thing that could be helpful for couples and bring a lot of connection and understanding of each other is telling your money story to your spouse.” Imagine starting a conversation with your partner about finances without the fear of taboo or judgment. What would that look like? Join our host Ed Coambs as he takes that journey of financial intimacy with guest Spencer Sherman, founder of Abacus Wealth Partners. He enlightens us on initiating meaningful money conversations in relationships while balancing the emotional and analytical aspects of financial decisions. Spencer shares his insightful journey to understanding the emotional dynamics of money and the integration of mindfulness into his practice. Ed and Spencer discuss navigating financial dynamics with a focus on flexibility, listening, and validation. One doesn't need to be a financial expert to achieve success. In fact, you can leverage common sense and objectivity to overcome financial challenges. They delve deeper into the complexities of unequal financial dynamics and how societal taboos have made money talks notoriously complicated. Spencer talks about the support spouses can offer each other in their respective career paths and the potential of shifting to a more sustainable profession. All this and more in this episode of Healthy Love and Money! Key Topics: Spencer's Background Story (02:36) Embracing Spouse's Differences in Marriage (09:03) Navigating Financial Differences in Marriage (11:35) Financial Planning, Communication, and Awareness in Couples (17:47) Money Taboos and Navigating Uneven Financial Situations in Relationships (23:14) The Relationships Between Spirituality, Wealth, and Generosity (26:47) Client-Centered Financial Planning (37:30) Retirement, Purpose, and Career Sustainability (40:21) Financial Intimacy and Communication in Relationships (45:00) Resources: Spencer-Sherman.com/free Connect With Healthy Love and Money: Schedule your free 30-Minute Discovery Call About Therapy-Informed Financial Planning™. Learn about your money and attachment style with this short Attachment Style Quiz. Buy the Double Award Winning Book: The Healthy Love and Money Way. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.

Welcome to today's podcast, where we will be taking you on a transformative journey through the landscapes of finance and self-empowerment. This episode is a deep dive into the less trodden paths where wealth meets wisdom, where psychology intersects with human performance, and where the teachings of Buddhist philosophy shed light on our fiscal relationships. This isn't just a talk about increasing net worth; it's about enriching the soul's worth. What role does money play in our lives beyond the tangible? How can it contribute to our peace and personal missions? Let's discover these truths together.In today's episode, I'm thrilled to sit down with Spencer Sherman, a titan in the field of wealth management and the strategic mind behind Abacus Wealth Partners. Spencer's methodology is a refreshing deviation from the norm. Melding time-honored financial acumen with the introspective principles of Buddhist teachings, he guides us toward a more enlightened engagement with our finances. As we converse, Spencer reveals how to embrace money as a vital yet often overlooked aspect of our mental and spiritual journey. Join us as we peel back the layers of monetary meaning and journey towards genuine economic enlightenment with Spencer's revolutionary perspectives, right here on my show.Disclaimer: This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer founded. Should you wish to connect with a financial advisor, we welcome you to schedule a free introductory 15-minute phone call. Once your financial needs are understood, we would be happy to help you find the best fit.Spencer's Socials:Instagram: Spencer Sherman (@mindfulspencer) • Instagram photos and videosYoutube: (9) Spencer Sherman - YouTubeLinkedIn: (33) Spencer Sherman: Overview | LinkedIn

In this episode, host Anshu Bahanda is joined by Ratna Sharma, Executive Director at Lighthouse Canton, who expertly guides the ultra-rich on making sound wealth investment decisions. Sharing the stage with Sharma is Spencer Sherman, who has been featured regularly on Worth magazine's top wealth advisors list since 2005. Sherman is the driving force behind Abacus Wealth Partners LLC.Sherman brings to the table a transformative viewpoint: attaining financial freedom is not solely about accumulating wealth, but about challenging and reshaping our ingrained beliefs about money. He explores the idea of accessing our inherent wisdom to achieve financial success.Sharma, on the other hand, demystifies investing. She stresses on the importance of diversification, and aligning investments with individual goals, values, and life's priorities. By emphasising smart planning to shield against unforeseen financial hits, Sharma makes a strong point: while you labour diligently, it's imperative your money is putting in equal effort for you. Addressing a widespread challenge, she highlights the fact that many are intimidated by financial jargon or aloof advisors. Her advice is straightforward: Understand your investments, pose those critical questions, and always seek clarity.Join us for an episode that offers more than just tips—it's a comprehensive guide to ensuring your wealth is as meticulously managed as your well-being.This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer founded. Should you wish to connect with a financial advisor, we welcome you to schedule a free introductory 15 minute phone call. Once your financial needs are understood, we would be happy to help you find the best fit.For a transcript of this show, go tohttps://wellnesscurated.life/champagnes-stocks-building-wealth-and-living-a-rich-life-you-deserve/If you liked our episode, you can subscribe to our podcast on any of the major podcasting platforms like Spotify, Apple Podcasts, and Google Podcasts. Please leave us a review on Apple iTunes and help others discover this podcast. You can visit wellnesscurated.life and follow us on Twitter @WellnessCurated, On Instagram @wellnesscuratedbyanshubahanda,On Facebook @Wellness Curated by Anshu Bahanda,On LinkedIn @Wellness Curated by Anshu Bahanda, And on YouTube @wellnesscuratedbyanshubahanda. for more wellness tips to help you live your best life.

Join us on 'Get Your FILL,' where we explore financial independence and the path to a fulfilling life. In this episode, we're joined by Spencer Sherman, a renowned financial advisor, author, and public speaker, known for his mindfulness-based approach to money. He shares insights on creating financial independence on your own terms, the value of resourcefulness in entrepreneurship, and much more.  Discover how you can navigate life's financial challenges and find opportunities even in times of chaos. This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer founded. Should you wish to connect with a financial advisor, we welcome you to schedule a free introductory 15 minute phone call. Once your financial needs are understood, we would be happy to help you find the best fit. Connect with Spencer:  Website: www.spencer-sherman.com  Instagram: https://www.instagram.com/mindfulspencer/?hl=en  Twitter: https://twitter.com/SpencerSherman  Facebook: https://www.facebook.com/spencersherman/  LinkedIn: https://www.linkedin.com/in/mindfulspencer/  Youtube: https://www.youtube.com/@spencersherman6911

Welcome to the Boosting Your Financial IQ podcast. I'm Steve Coughran, your host, and today we're joined by Spencer Sherman, CEO of Abacus Wealth Partners. Our conversation, "Creating a Healthy Relationship with Money", will dissect the complexities of successful stock investing and address how fears and fixed beliefs can influence financial judgment. We'll delve into the inspiration behind Spencer's book, "The Cure for Money Madness", and extract its central message. We'll identify common money fears and their consequent impact on financial decisions. Considering what 'enough' means financially? We'll illuminate this concept and suggest strategies for cultivating an 'Enough Mindset'. Hear firsthand from Spencer as he shares cases of individuals who have successfully transformed their money mindset. We'll discuss the role of shame in financial behaviors and provide solutions to combat it. Our focus will be on the importance of a healthy money relationship for long-term financial stability and success. Looking ahead, we'll discuss the future of conversations around money and emotional intelligence. Join us on this journey towards financial literacy and arm yourself with the knowledge required for prudent financial decisions that yield long-term value. Are you prepared to elevate your financial IQ? Let's begin.Helpful links:Join the Strategic Financial Mastery programJoin Our Free CommunityTrain your team with an on-site workshopDisclaimer:This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer founded. BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Support the show

This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer Sherman founded.In this episode of The Agent of Wealth Podcast, host Marc Bautis is joined by Spencer Sherman (MBA CFP®), founder and former CEO of Abacus, author of The Cure for Money Madness, and a public speaker renowned for his mindfulness-based approach to money. Spencer leads guided meditations on money, participates in transformative events and attends several week-long silent meditation retreats each year.He's transformed the lives of his clients and helped them achieve financial success. Today, he's joining us to discuss the concept of money madness, and how we can break the taboo around money.In this episode, you will learn:How to overcome your limiting beliefs about money.How “small and boring” can help you outperform top investors.How to cultivate an “enough” mindset.How to make smarter financial decisions.How to break the taboo around money.And more!Resources:Episode Transcript & Blog | spencer-sherman.com/free | The Spencer Sherman Podcast | The Cure for Money Madness | Money Meditations | Follow Spencer Sherman on LinkedIn | Bautis Financial: 8 Hillside Ave, Suite LL1 Montclair, New Jersey 07042 (862) 205-5000 | Schedule an Introductory Call

Spencer Sherman is a financial expert who teaches how to embrace money mindfulness and is known for his unique approach to money. With an MBA and a CFP® designation, he founded and led Abacus, a company that managed $3 billion in assets. Spencer believes in breaking the taboo around money and teaches people that their self-worth is way more important than their net worth. He helps clients transform their relationship with money, guiding them to embrace abundance without shame. Spencer hosts a retreat called the Mindful Advisor Retreat for financial professionals. He is dedicated to helping you discover your “Enough” number and foster a mindful mindset regarding money. This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer Sherman founded. Should you wish to connect with a financial advisor, we welcome you to schedule a free introductory 15-minute phone call. Once your financial needs are understood, we would be happy to help you find the best fit.   Listen & Subscribe on: iTunes / Stitcher / Podbean / Overcast / Spotify Contact Info Company: Founded and led Abacus Website: www.spencer-sherman.com Podcast: The Spencer Sherman Podcast Most Influential Person Bhikkhu Analayo (A Buddhist monk from Germany) Sharon Salzberg Joseph Goldstein Effect on Emotions Mindfulness has made a big difference in how I handle my emotions. It's like this story about an eight-year-old boy. Imagine I received an upsetting email from one of my business partners. I really wanted to respond angrily, but then mindfulness kicked in. I realized that reacting like that would lead to a pointless argument. So, I decided to let it go and sleep on it. By morning, my partner apologized, and the issue resolved itself without my intervention. Mindfulness helps me avoid knee-jerk reactions and provides more choices. It's like in the investment world when we panic and sell everything during a market drop. Mindfulness creates space for other options beyond our initial, rigid reactions. Thoughts on Breathing Breathing is super basic, right? We can chat about money all day, but you know what? Breathing matters too. It's like finding contentment in something as simple as taking a breath. I call it the “money breath” because it helps when I'm shopping and anxiety hits. In those moments, our breath can get shallow, denying our brain much-needed oxygen. We need a pause to widen our perspective and consider more choices. The money breath involves exhaling longer than inhaling, and science says it calms our nervous system, shifting us into a more relaxed state. That's when our money smarts kick in, which, by the way, we all have; we just need to tap into them. Suggested Resources Book: A Path With Heart: A Guide Through the Perils and Promises of Spiritual Life by Jack Kornfield Book: Real Happiness by Sharon Salzberg Book: Radical Acceptance by Tara Brock App: 10 Percent Happier App: Waking Up by Sam Harris Bullying Story Spencer Sherman shared a meaningful story about how mindfulness can make a big difference, even in challenging situations. He mentioned two important nonprofit organizations he's involved with, both dedicated to improving school environments. One of them, called Mindful Schools, shared a powerful story about a boy dealing with aggression. During recess, this boy felt the urge to punch another kid. But instead of acting on that anger, he took a moment to breathe and simply observe his emotions. This act of mindfulness allowed him to acknowledge his negative feelings without letting them control his actions. It's a key aspect of mindfulness: recognizing harmful emotions but choosing not to be controlled by them. Spencer believes this mindfulness lesson applies to money matters as well. For instance, when you desperately want to buy something like a house, taking a pause and considering your emotions before making a big decision can be wise. Mindful Schools teaches kids to become aware of unhealthy emotions and not let these emotions guide their actions, a valuable skill that can truly change the game. Related Episodes Become Money Fit With Mindfulness; Todd Christensen Reboot Your Mind So Money Will Flow; Nana Jokura Mindful Money Abundance with Morgana Rae Special Offer Thinking of launching your own podcast? You'll need a host where your episodes live. Podbean is awesome and for 12 years has existed specifically for podcasters. It's only $9 a month, no matter how much content you upload. They have great stats too. Help support Mindfulness Mode AND get a month of free hosting with our affiliate link. Go to www.Podbean.com/PodbeanMM

To truly provide optimal service, Mary Beth Storjohann and her team at Abacus Wealth Partners aim to forge emotional connections with clients. “How do you speak to what's on their hearts and minds?” she asks. “That's how you get to know about where your clients spend their time and what they're worried about.”  This more-emotional-than-financial approach is not new for Abacus, which was founded nearly 30 years ago by Buddhists seeking to incorporate religious principles into financial services. But the appeal is stronger than ever.  In this episode, Storjohann describes adapting client service to better connect with women and next-generation clients. She also shares how her firm seeks organic growth by expanding its network of entrepreneurial advisors to share skills and best practices for success.  For more, visit PracticeLab.

Abacus Wealth Partners was founded by two Buddhists in 1996 with the idea to incorporate their religious principles into financial services. Last year, they stepped away from the daily management of the firm, passing the reins to two women co-CEOs. The money-and-mindfulness ethos remains at the forefront of the firm's mission and values, says Mary Beth Storjohann, one of those co-CEOs. Like many financial advisors, Abacus seeks to help clients connect money with their life goals. But the firm also aims to help clients experience what it calls a “sense of enough here and now, not just in the future.” Abacus aims to show that a spiritual focus is not inconsistent with material success. The Southern California-based firm has about $3 billion in assets under management. For more, visit PracticeLab.

Ooooeee money!  The concept and conversations around money can be all sorts of things, so much most likely rooted in one's own background, life experiences, and even limiting beliefs around money.  AND, it doesn't need to be! Today we have Spencer Sherman (MBA, CFP®) to help dismantle the energetics of money and help allow for a more aware and uplifting relationship to [this often taboo] topic of money.  He is a leading financial advisor, author, and public speaker, renowned for his mindfulness-based approach to money. As the founder and former CEO of Abacus, a values-driven financial consulting firm managing over $3 billion in assets, Spencer has transformed the lives of his clients and helped them achieve financial success on their own terms.The conversation includes so many valuable shares including:- dismantling many common beliefs around Self worth being tied to net worth {hint: it's not!}- what spiritual traditions say about money- the somatics of money {where you feel it in your body}- how to undo old patterns around money using the power of your mind- using generosity as a special tool for wealth creation- practices to help heal your money wounds- and so much more! CONNECT WITH SPENCER:Website     https://www.spencer-sherman.comInstagram     https://www.instagram.com/mindfulspencer/?hl=enTwitter     https://twitter.com/SpencerShermanFacebook     https://www.facebook.com/spencersherman/LinkedIn     https://www.linkedin.com/in/mindfulspencer/Youtube     https://www.youtube.com/@spencersherman6911Receive Spencer's newsletter and online subscription program ($10/month) at www.spencer-sherman.com.  His Fearless Finance University is a comprehensive program designed to help people find greater ease and success with their Money using Mindfulness.**This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer founded. Should you wish to connect with a financial advisor, we welcome you to _______________________________________________

Spencer Sherman (MBA, CFP®) is helping transform our relationship to money from fear and confusion to ease and enough. Since founding Abacus, a values-driven independent financial firm, Spencer has been bringing his business acumen and 30+ year meditation and emotional intelligence practice to help people of all wealth levels experience confidence and freedom with their finances. A New York native living in California, he is the author of Cure for Money Madness, on the faculty of NYU's Inner MBA program, and is a Certified Mindfulness Teacher.  Access his Fearless Finance training program at Spencer-Sherman.com.In this episode, financial advisor Spencer Sherman shares his insights on identifying beliefs that may be hindering our financial success. Here are the five key takeaways from our conversation:Recognize the power of your beliefs: Our beliefs shape our thoughts, feelings, and actions around money. By becoming aware of our beliefs, we can start to challenge and change them.Practice mindful spending: Take time to reflect on your spending habits and ask yourself if they align with your values and goals. This can help you make more intentional and fulfilling financial decisions.Embrace discomfort: It's normal to feel uncomfortable when challenging our beliefs, but this discomfort can lead to growth and positive change.Use affirmations: Affirmations are positive statements that can help reprogram negative beliefs. Try writing down affirmations that align with your financial goals and repeat them daily.Seek support: It can be helpful to work with a financial advisor or therapist who can provide guidance and support as you navigate your beliefs around money. Remember, you don't have to do it alone.This podcast is for informational purposes only. The opinions expressed are not the opinions of Abacus Wealth Partners, the firm that Spencer founded. Should you wish to connect with a financial advisor, we welcome you to schedule  a free introductory 15 minute phone call. Once your financial needs are understood, we would be happy to help you find the best fitIf you would like to donate to the GoFundMe, you can do so here: https://www.gofundme.com/manage/get-a-vehicle-after-mine-was-stolenIf you prefer to donate via Venmo you can so here: https://venmo.com/u/Melissa-Bright-5Thank you so much for your support! The Bright Side of Life Podcast website: https://www.thebrightsideoflifepodcast.com/Support the show

“When we're no longer grasping for the money, it often flows more easily to us."  — Spencer Sherman   This week's guest is Spencer Sherman, CEO of Abacus Wealth Partners, a certified mindfulness teacher and author of The Cure for Money Madness. He also teaches people how to have a healthier relationship with money through his online courses and is on the faculty at NYU's Inner MBA program.    In this episode Spencer and I dig into how our relationship with money is shaped by our parents, cultural messages, and the historical events we live through. Spencer grew up in Queens, where, he says, a lot of people focus on working hard, but he also grew up with the sense that there was never enough. After earning an MBA at Wharton Business School, he went to work for an investment firm. There, he focused on making moneynd and working long hours.    Only when a fire broke out in his building did Sherman start to question whether money was needed for happiness at the expense of his health. He went on a ten-day silent retreat because, he says, "I'm a sucker for a challenge." That experience taught him that he could feel joy and a sense of having enough with few possessions, by just going inward. It was the beginning of redefining net worth to include more than just numbers on the balance sheet.    Once he incorporated more mindfulness in his life, Spencer took a step back and started working on his relationship with money. He opened his own business and learned to set boundaries around his time for self-care activities like sleep and exercise. His business was one of the first to offer fee-only services, so he could help people objectively with their financial planning. In 2002, he joined with a friend to create Abacus Wealth Partners, a values-driven financial firm.   One practice Spencer teaches in his workshops is helping people become more conscious and aware of their thoughts and feelings around money. For example, he sometimes experiences anxiety about making a big purchase, even though he has the money. In those moments, Spencer explains, he reverts to being a child and feeling afraid he's going to run out of money. He has to take a moment, take a breath (he calls it the "money breath") and remind himself he's okay, that his adult self is in control. Similarly, he advises people take a few days to consider any big purchases, to make sure they are not acting out of impulse.    Money can be our greatest teacher, Spencer says. Once we stop and become aware of our relationship with money, we can learn so much more about ourselves.    In this episode of Leading with Genuine Care, you'll also learn: How lessons about money are learned, from previous generations and from the events we live through as a child and adolescent.  How improving our relationship with money can help us cultivate patience and  resilience.  Why finding your own balance - with work and play, with risk and safety - is important. How gratitude can help us focus more on what we have and less on what we don't. Why feeling the sense of "enoughness" may be the key in shifting to a healthier relationship with money, and open up more abundance into your life.  What practice Spencer has used when he's felt envious.  How a taxi driver in India taught him about having enough. What leaders can learn from the Dalai Lama.  Why beginners are often better at investing over the long term.  Connect With Spencer Sherman   Website www.spencer-sherman.com   Instagram Mindful Spencer   LinkedIn https://www.linkedin.com/in/mindfulspencer/ The 2023 Do Nothing Retreat is open for registration (5 spots remaining)   Join us from October 8-12 for The Do Nothing Retreat,  a mindfulness meditation retreat suitable for meditators at all levels The retreat will enable you to cultivate a deeper mindfulness practice while in a peaceful and rejuvenating mountain location. Previous attendees have reported experiencing increased productivity, increased focus, and new perspective – among other benefits – as a result of what they learned.    Get Rob's Weekly Newsletter Never miss an inspiring conversation about compassionate, positive leadership on the Leading with Genuine Care podcast plus other great articles and insights. Click below, and you'll also get a download of his favorite mindful resources.   https://www.donothingbook.com/resource-guide    Follow Rob Dube on Social Media  LinkedIn:  www.linkedin.com/in/robdube    Facebook:  www.facebook.com/rob.dube.1   Twitter:  twitter.com/robddube     Rob Dube's Website www.donothingbook.com   Buy Rob's book, donothing: The Most Rewarding Leadership Challenge You'll Ever Take amzn.to/2y9N1TK  

Today's guest is Brent Kessel. Brent is co-founder of Abacus Wealth Partners, which has more than 50 employees and more than $2 billion in assets under management. (Editor's note: as of the date of this repost, September 2022, Abacus has about $3.5 billion in assets under management.) About ten years ago I was reading a Buddhist magazine and did a double-take when I saw an ad for a financial advisory firm on its back cover. Abacus Wealth has been on my radar ever since. "I have been a student of different kinds of Eastern traditions, mostly yoga and mindfulness meditation, for over 25 years," Brent says. "As your listeners probably know, the abacus is a Chinese mathematical computational instrument. What I liked about that name is that it felt like it brought in Eastern tradition and history along with computational dexterity, just the ability to really think, figure things out precisely." Brent's unique path through life and personal passions have had a big influence on how he runs his firm. We discussed how that confluence has helped to make Abacus stand out from the crowd while also offering its clients a mind-opening perspective on what the wealth they're building is really for. For a detailed write up of his episode, visit: https://stevesanduski.com/brent-kessel/ 

Access Your FREE Unlocking Higher Purpose Mini Course - http://unlockinghigherpurpose.com In this episode we dive into:

Money is always on our minds. Abacus Wealth Partners Co-Founder Spencer Sherman joins Fran Racioppi to discuss money, how we think about it, what we do with it, and where the economy is going. Spencer oversees $4B in assets. He is the author of The Cure For Money Madness and the creator of Fearless Finance, a course designed to teach us how to effectively manage and handle our views and decisions about our money. He abides by Buddhist principles and the simple concept that the road to financial freedom is long and boring. Take a listen then check out Spencer's courses to unleash your money wisdom at Spencer-Sherman.com.Read the full episode transcription here and learn more on The Jedburgh Podcast Website. Check out our video versions on YouTube.Highlights:-Why the topic of money is taboo. (5:45)-Spencer's entry into financial advisory to become an ally of the client vs a salesman of financial products. (8:13)-A fire destroyed Spencer's first firm. He re-entered the building to save his client files and changing his life. (11:17)-Fran asks Spencer to apply the core teachings of Buddhism to financial planning: Impermanence, Mindfulness, Equanimity, Interdependence/Interconnectedness. (28:18)-Spencer explains how simplicity in your portfolio is the key to long term wealth and why women are outperforming men in portfolio management. (37:46)-Emotional intelligence is essential to financial decisions and includes self-awareness, self-regulation, motivation, empathy and social skills. (45:31)-Fearless Finance: Financial Freedom on the Road to Enough is Spencer's new course; determining your inner compass, overcoming fear, why we must think about death, how to define “enough” and the importance of generosity. (51:21 & 1:22:46)-Spencer defines the four negative emotions that lead to lost money: anxiety, envy, shame or fear, selfishness. (1:06:38)Quotes:-”We have this idea that my self worth is equal to my net worth.” -”I know that the most important thing in my life is in that building…and if I don't get it I know that my life is worthless.” -”Meditation is this training for the mind.” -”Mindfulness is really about being present with what's happening and letting go of any judgment.” -”Have a boring portfolio. Live an exciting life.” -”If all of us could take on that beginner's mind, the world just opens up.” - “The problem with going for more and more and more is it trains our brain to be in a place of scarcity, a place of fear because we're never arriving.” -“We're actually thinking that we need more to get happy, when really we can be happy right now.” -”I think more about what's possible.” Spencer's Three Daily Foundations to Success:-Sit quietly to center self-Take a cold shower to shock the system-Complete a compassion practice-Spencer's bonus: journal then throw it out so you write anything down without hesitationThis episode is brought to you by Jersey Mike's, 18A Fitness, and Analytix Solutions

Kelly Deily speaks with Christopher Stroup '19, lead wealth advisor at Abacus Wealth Partners. Stroup discusses his career transition from engineering to financial planning, key factors that affected his professional development and why it's important to be a good listener.Music by Ikson.

After just three years at Abacus Wealth Partners, Mary Beth Storjohann was promoted into the co-CEO role of this $4 billion RIA. Here's the story of how she hit the ground running.

Not many CEOs of multi-billion dollar RIAs started out as an intern at the firm that they are now running. Even fewer have followed that career path to the top of a $4.4BN RIA that boasts over 70 employers.  That's the story of Neela Hummel, co-CEO of Abacus Wealth Partners, who recently took over as … Continue reading Abacus Wealth's Neela Hummel on Strategically Building a $4.4BN RIA →

J.D. Bruce is the Chief of Innovation for Abacus Wealth Partners, an RIA based out of Santa Monica that manages over $4-billion in assets for 1,900 clients. J.D. has been successful in scaling Abacus to its current size by implementing Angie Herbers' Diamond Team Model to offer a variety of different service models to different types of clients.  Listen in as J.D. shares how Abacus has leveraged the power of Diamond Teams to keep clients connected to the firm while also allowing for flexibility in the advisors that they work with over time, and how this business model has allowed for the firm to segment its client base and offer a variety of different services based on the needs of those segments. We also discuss why J.D. believes that it's more important to hire team members who will challenge the cultural status quo as opposed to finding the best cultural fit, and why he believes that conflict is actually necessary for growth and change. For show notes and more visit: https://www.kitces.com/248

Brent Kessel, co-founder and CEO of Abacus Wealth Partners, explores his motivation for excess and his quest for the origins of the desire for more. Brent details his personal, never-ending journey towards enough - enough capital, enough time, enough work, enough energy. He openly shares his somatic experiences of attachment, loss, and aging, feeling into the truth of his own impermanence. Brent encourages humble curiosity around the myth of scarcity. In this episode, Brent talks about:  The origins of his quest for enoughness [4:30] His present inquiry into enough “time” [5:53] Leveling off his consumption and quantifying the surplus to be used for the benefit of others [8:23] Feeling older than expected and the implications of pushing too hard [11:00] Processing the loss of his father and a shifting perspective of time [15:50] How no amount of money can bring permanent security [22:22] Imbibing the truth of impermanence [23:41] The role of vulnerability in building trust [30:00] Heeding a friend's advice to never resist a generous impulse [39:10] Resource Links Abacus Wealth Partners a $3 billion impact wealth management firm whose mission is to expand what's possible with money. The Lion Tracker's Guide to Life by Boyd Varty Executive Coaching with Aiko Bethea, RARE Coaching & Consulting  Toniic a global community of asset owners seeking deeper positive net impact across the spectrum of capital 

Hannah Moore, CFP®, sat down with three up-and-coming planners who are growing their careers in different ways. Christopher Stroup, MBA, is a career changer who went from oilfield engineering to wealth advising at Abacus Wealth Partners. Kurtis Rohlf found financial planning after piloting several service industry start-ups, and Riley Saunders, CFP®, crafted his own role as an internal processes expert at Cassaday and Company. These three share how they explored new opportunities and leveraged their strengths to forge a career just for them.

Mary Beth Storjohann, CFP®, is Founder of Workable Wealth, a platform providing financial education and empowerment to those in their 20s to 40s, as well as Partner and Chief Marketing Officer at Abacus Wealth Partners.    In this episode, she brings her expertise in marketing and younger investors to provide actionable tips to tap into, as she calls it “the most underutilized opportunity in this industry,” the next generation. Tune in for her insights on the value of getting in with clients while they’re young and how to attract and best work with younger clients. Plus, she and host Mike Woods discuss why she (and her clients) prefer virtual meetings and which marketing tactics are coming back and which are gone for good. Learn about FMG Suite: https://go.fmgsuite.com/podcast Questions? Contact us at marketing@fmgsuite.com  Thanks for listening! Don’t forget to subscribe and leave us a review.  

Adding a Personal Financial Planner to your business team can help you better manage your business by guiding you in clearly defining your goals. They can also help you tie your business goals into your personal life by explaining how much profit you should be making at each stage of your business and how to use that money to live comfortably.On this week's episode, Julie is joined by Ariel Ward! Ariel Ward, CFP® is a financial advisor at Abacus Wealth Partners. She has over a decade of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping business owners grow their net worth and make better decisions with their money. Ariel helps her clients define their goals, stay focused on what's important and work toward building a more abundant financial future. She believes having a clearly defined financial plan gives her clients the ability to be more present with their families and friends and gives them the freedom to enjoy their life.Episode Highlights:To get started, you want to sit down and picture how you would like your life to look. Family planning, retirement, emergency funds, vacations, and insurance are all things to take into consideration when sitting down with a financial planner.AccountabilityYour financial planner will refer back to the goals you set during your consultation when assisting you with making financial decisions. They will also help you determine all of your options and how each option can help you achieve your goals. They will also periodically sit down to revisit the original goals you set to make sure they are still relevant.When does it make sense to make a retirement plan?As soon as you can afford to! You want to begin a retirement plan once your business's net income has grown to a place that exceeds covering your basic needs and living expenses.Different types of retirement plansSEP401KSimple IRARoth IRA... and so many more!What should you look for in a financial planner?How the person offers guidanceHow often you would like to work with themWhat kind of services do they offer? (Monthly, Quarterly, Annually, etc.)Someone who understands different business entities and how finances work for each entitySomeone that will put your best interests firstLinks & Resources:Ariel Ward - Abacus Wealth PartnersThe E-Myth RevisitedGreenOak AccountingTherapy For Your Money Podcast

JD Bruce, CPA, PFS™, is Chief of Innovation at Abacus Wealth Partners. He spoke with Hannah Moore, CFP®, about the unique business model that allows Abacus to serve large and small clients at scale and how their rigorous training program produces advisors who can handle the complex interpersonal challenges of talking to people about their money.

One of the best parts of launching this podcast is to talk to others about money topics and addressing concerns they’ve had or seen. Today is an important episode in the direction of the Work Your Wealth podcast and where you might continue to find financial resources. Today I'm talking about 5 important lessons I’ve learned over the past four years through my journey with this podcast and what the future will hold for me and Abacus Wealth Partners.   HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: The timeline of the Work Your Wealth Podcast The reason behind launching the podcast and writing the Work Your Wealth book The 5 lessons I’ve learned in doing the Work Your Wealth podcast The potential rewards that could come with putting yourself out there and taking risks The importance of doing what you love Why you have to recognize when it is time to evolve The one person that will always look out for you most Where you can continue to find the Work Your Wealth content and where you can continue to connect with Mary Beth LINKS WE MENTIONED ON THE SHOW: Work Your Wealth Book Abacus Wealth Partners Book a consult with Abacus Wealth Partners LET’S CONNECT! Facebook Twitter Instagram

Traditional due-diligence and risk-assessment frameworks in the asset management industry have led to a system in which white, male asset managers control 98.7% of the investment industry's $69 trillion in assets under management. Enter Due Diligence 2.0, a new framework aimed at catalyzing the movement of capital to BIPOC managers. Monique gets the scoop on Due Diligence 2.0 from the team that helped craft it: Rachel Robasciotti, Founder and CEO of Adasina Social Capital; Brent Kessel, Founder and CEO of Abacus Wealth Partners; Tracy Gray, Founder and Managing Partner of the 22 Fund; and, Erika Seth Davies, Founder of the Racial Equity Asset Lab. --- Send in a voice message: https://anchor.fm/impact-alpha-tr/message

John Eing is a partner and financial advisor at Abacus Wealth Partners.  As a financial advisor, John is passionate about simplifying and demystifying finances for his clients, and creating sound financial strategies allowing them to do what they love most.  He is also a member of the firm’s M&A team and investment committee.  Prior to joining Abacus, John was the Controller of Wells Fargo's $30B asset-based lending group.  He holds an Executive MBA from the Anderson School of Management at UCLA, a BA in Economics from UC Berkeley, is a Certified Public Accountant, and a CERTIFIED FINANCIAL PLANNER™. In his free time, John and his wife, Andrea, enjoy spending time with their two children Nathan (8) and Mia (4).  In his free, free time John is an avid fan of the Los Angeles Lakers. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: How Abacus Wealth Partners is focusing on diversity, equity and inclusion Why you should do everything that makes you feel uncomfortable in business The difference between diversity and inclusion The path that led John to financial planning and Abacus Wealth Partners How to provide a space to openly discuss diversity, equity and inclusion in the work environment The benefits seen at Abacus with the cultural lunch and learns Diversity gaps in the financial industry How understanding your client’s cultural background can make you a better advisor A hurdle for financial education across different nationalities How to turn the diversity, equity and inclusion conversation into action Why personal finance must be taught in schools What progress might look like when expanding diversity in the financial industry LINKS WE MENTIONED ON THE SHOW: Economic vs Financial Planning Education Survey Save More Tomorrow by Shlomo Benartzi The Digital Nervous System by Bill Gates GET SOCIAL WITH JOHN AND LET HIM KNOW YOU HEARD ABOUT HIM HERE Website Email Instagram LinkedIn Twitter Facebook

Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of 2019, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: The most common financial concern seen with entrepreneurs The retirement plan options available to small business owners Items to be aware of if utilizing a SEP IRA Some of the numbers associated with an individual 401(k) The best plan to start with if you have employees  How much you should be saving into your retirement account  The type of insurance a small business owner should consider How a disability policy works and why you need it If you’re thinking group policy, here are some options as a small business owner Why you should have life insurance and who you are protecting The type of life insurance policy you should get What a keyman insurance policy will do for your business Reasons you should have a business continuity plan The two big ticket items we see people and business owners drag their feet on Why you should have professional liability insurance The benefits of utilizing a financial planner through all these decisions LINKS WE MENTIONED ON THE SHOW Freelancers Union Workable Wealth Blog post GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram

Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of 2019, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: Options to save after you’ve maxed out your 401k 401k limits for singles and married couples The definition of a backdoor Roth IRA and some considerations around it Income limitations for Roth IRA What you should have set up before doing a backdoor Roth IRA Why you should work with a financial planner if interested in the backdoor Roth Tax considerations when utilizing the backdoor Roth IRA When to begin contributing to a 529 Plan and how much What to look for when investing in a taxable account What capital gains taxes will look like based on income and time How to take advantage of a Health Savings Account (HSA) Some ages to keep in mind if you are utilizing an HSA How you should prioritize your savings goals GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram

One of the fun parts of being a financial planner is getting to discuss some of the money moves we’ve made in our household knowing clients and readers are going through similar things. In these Work Your Wealth episodes I'll be taking time to address how we approached the different money situations and the results of our decisions. Today I'm talking about what has happened since the merger with Abacus Wealth Partners, what Workable Wealth looks like now, how we’ve been getting through the pandemic and changes I’ve made to align my career with my values. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: An update on where things are for Workable Wealth Why it’s okay to pivot, even during a pandemic Career details about my merger into Abacus Wealth Partners and how things are going What prompted me to pivot and merge with Abacus Wealth Partners What I recognized about my business and career to expand the value I was providing Things we built after the transition What Workable Wealth has turned into after the merger What it looks like to make broader changes in the financial industry The decision that was made to align my career with my values How I felt I could make a bigger impact with clients and in the industry   LINKS WE MENTIONED ON THE SHOW: Episode 88: Business Transitions as an Entrepreneur: How We Decided to Merge Workable Wealth LET’S CONNECT! Facebook Twitter Instagram

Should you rent or own your home?  Host Keith Weinhold reveals the biggest homeowner myths. Complete episode transcript below. Read along. Resources mentioned: Business Insider: Rent vs. Own: https://www.businessinsider.com/buying-a-home-instead-of-renting-isnt-always-better-for-your-savings-2017-11 Housing Wire: Homeowners Wish They Were Renting: https://www.housingwire.com/articles/49743-quarter-of-us-homeowners-wish-they-were-renting-instead/ Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold   Welcome to Get Rich Education. I’m your host, Keith Weinhold. Is homeownership a sham? Is it a rip-off?    When it comes to the home that you live in yourself, is it better for you to pay rent to a landlord, or own that home yourself?    For your primary residence, what should you do in your specific life situation? You’ll learn today … on Get Rich Education.   ——————-   Welcome to GRE! From Syracuse, Sicily, Italy to Syracuse, New York and across 188 nations worldwide. I’m Keith Weinhold, this is Get Rich Education.   Usually on this show, you learn about how buy-and-hold rental property, when bought strategically - produces wealth. We’ll return to that next week, but today ...   … it’s about your primary residence. And, when we talk about, should you own your home or is it better for you to pay rent to a landlord - think about how important this is.    Because whether I’ve had the chance to meet you yet or not, there’s one thing that I definitely know about you, and that is, you are always going to live … somewhere.   Your housing expense is one of the biggest financial expenses in your life.      Despite that it’s such a substantial financial decision for you, some people revert to orthodoxy - this FLAWED orthodoxy where they think that owning is always better. That’s not true.   I really want you to watch your mind as I tell you this today, because there are very likely a few tripwires installed there … and I am about to hit some of them. So do your best to remain calm … if you must.   Though more people are waking up to the fact that renting is sometimes better, I still think that popular culture has long reinforced this misplaced notion that owning is always better.      “Are you a homeowner, Greg? No. I rent. Oh.”    Haha! That’s from the classic comedy movie “Meet The Parents”. Owen Wilson & Ben Stiller - while Robert De Niro - the future father-in-law was party to that chat where he’s thinking that the homeowner is the more apropos suitor for his daughter than the renter is.    Look, if you can OWN a home and your monthly housing payment is $2,500, but you could instead PAY RENT on an equivalent home for $1,500 - now your cash flow has increased by $1,000. That’s money in your pocket today that could be re-invested at a rate of return.   Now with your $2,500 housing payment in this example - that’s more than just a mortgage payment remember.    When you own, your HOUSING payment consists of mortgage principal & interest, property tax, property insurance, maintenance, repairs, utilities and more. You’ve got to add all that up to get to $2,500.    What about that TIME it took you on HOW to repair the leaky faucet when you owned the home? Factor that in.   Now, the homeowner might reply, but at least part of my $2,500 payment is building equity for me. Yes, it is. A minority of that payment is building equity. You’d rather have equity - you’d rather have principal paydown than lose it to interest.    And you’d rather have equity than nothing.   But, as I’ve discussed extensively elsewhere - so I won’t do that again here - home equity is unsafe, illiquid, and it’s rate of return is always zero.   You can probably repeat that to me at this point - ha!    Also, what’s more important in your life? Cash flow or equity? Cash flow is what creates financial freedom. As an investor in the pursuit of freedom, in fact, you want to CONVERT your equity to cash flow.    Remember, in this $1,500 rent payment vs. $2,500 housing payment scenario on your primary residence … it’s the renter that has the additional $1,000 cash flow and the homeowner that builds the equity.   Let me remind you. If you would like to READ along as you listen to the show today or you know someone that’s hearing impaired, you can read the complete transcript to this episode at GetRichEducation.com/309.    That’s GetRichEducation.com/309 to see all the Show Notes and the entire written transcript for this episode.    Well, some people think that buying & owning their primary residence is: "LIke paying rent. Except you get to keep it." Well,that has caused millions of people to buy houses that they later regret.    I know a young, married couple - Jerome and Jessica - they’ve got two kids. They wanted to move from snowy Anchorage, Alaska to Las Vegas, Nevada. They had lived their entire lives in Anchorage and were tired of the snow and wanted some heat.    You think that they might discover an overcorrection problem, btw? Vegas is in the middle of the Mojave Desert. But anyway ...   They had owned their Anchorage home for five years before they put it up for sale. That was the first home that they ever owned - starter home.   Had they been renting that home - they could have moved where they wanted to in as little as a month.    But as homeowners, by the time they made all the make-ready repairs to the home, got it listed for sale, had to repeatedly prepare their home for showings - meaning they had to intermittently get their home in pristine condition to make it look good for showings - uprooting their lives every time … they finally sold it in 4-½ months by the time their buying got their financing in order & inspections & appraisal & the deal actually closed.   If Jerome and Jessica had been renters instead, they could have been on their way in a month.   Plus, over the five years, their home appreciated a little, but not enough to offset the 4% closing costs when they had bought five years earlier, all the maintenance & repairs that they had put into place DURING the five years they lived there, plus then they then had to pay a real estate agent a 5% commission when they sold.   They not only lost money by owning, they lost time, they lost mobility. They didn’t have liquidity.   For Jerome and Jessica, they got a lesson. “Paying rent is not the same as throwing money away.”   Well, I can tell you, Jerome and Jessica moved to Vegas one year ago now. They have been renting from Day One there, they’re still renting, and they have no plans to buy in Vegas anytime soon.   “Paying rent is not throwing money away” because you get the BENEFIT as using that space as a home, a place to sleep, prepare food, eat, shower, study, entertain - how in the world is that throwing money away? It isn’t.    You know that I’ve told you on this show before that paying rent is not throwing money away just like the five hour flight that you took from Boston to Phoenix last year wasn’t throwing money away.   No one called it throwing money away when you paid $500 to “rent” that airline seat for five hours. Why, because you had the BENEFIT of travelling somewhere.   Sheesh, how far are people going to take it with this nonsense that “Paying rent is like throwing money away?”   Your gym membership is $50 a month. But you didn’t get to take a set of the 40-pound hex dumbbells home after six months of membership did you?   Gosh, how far would you take this nonsense line of reasoning?   You like to go mini-golfing? I’ll bet that you paid some portion of your fee to rent the put-put club and a little orange golf ball for two hours.   How are you going to think - that you now expect to own equity in a put-put golf club that’s all nicked-up and was used by 80 different people? Sheesh, that’s ridiculous.    You had the benefit of a gym membership because you’re healthier. You had the benefit of mini-golfing because you like some recreation. You didn’t throw money away.   What about renting an RV for a week? You didn’t throw money away. You had the benefit of using it.   This whole misguided notion that paying rent for a place to live is throwing money away is a … replete farce.    But that also doesn’t mean that renting your primary residence is always better than owning either.    Well, let me give you some numbers here. This will help you debunk that notion that - ad infin-I-tum, homeownership is better.   Look, in a place like Manhattan’s Tribeca neighborhood, a small apartment has, just for simplicity, say a rent-to-value ratio of three-tenths of one-percent.   That’s a lousy deal if you’re the landlord and an awesome deal if you’re the renter.    So, what that means is that market rent is only $300 per $100K worth of property. That’s that three-tenths of 1%.   That ratio might then be $3,000 of rent on a $1M apartment in Tribeca, Manhattan.   But look, in a place like Memphis, Tennessee or Little Rock Arkansas, the rent-to-value ratio might be a full 1%.    Now see, if you’re a renter here, you’d have to pay $1,000 for every $100K worth of property. (Not $300 like Manhattan)     Well, in that case, it makes more sense for you to own your home.    BTW, it also then, makes sense for you to own Memphis real estate & rent it to others - because for every $100K of Memphis property you own, you’d RECEIVE $1,000 in rent. You’d RECEIVE a full 1%.   Generally, on the coasts, it’s better to pay rent for your primary residence - and in the heartland, it’s better to own that real estate - whether you’re renting it to others OR living there yourself.   But there are so many more considerations here than just numbers and geography. So, what else makes sense to your specific situation?   And before I go on, please don’t think that I’m “against” the real estate AGENT industry. That’s not true. Gosh, I’ll stand up for a GOOD real estate agent when it makes sense.   For example, when it comes to selling your home, you might not want to pay a 5 or 6% sales commission to an agent. Some people would rather sell it themselves and pay 1 or 2%.   But what some sellers fail to consider is that an agent might help you get 4% more for it because they know how to reach more buyers, and do it fast, and save you a lot of hassle and uncertainty.   So, there’s just one example of how I’ll stick up for agents when it makes sense.     But, getting back to should you own or rent your primary residence, I’m here to help you decide what’s best for you. You’ve ultimately got to decide.    I WILL tell you when it’s better to be a homeowner than rent shortly. But first ... A recent survey from Freedom Debt Relief shows that homeowners have many regrets when it comes to the purchase of a new home, mostly because they are largely unprepared for the initial cost and the ongoing financial responsibility that comes with homeownership.  Of the 1,028 people surveyed, 29% said homeownership makes them feel anxious and stressed, while 26% said the cost of owning a home is a burden and they wished they were renting instead. When it comes to affording house payments, it was Millennials and Gen Z homeowners who said they are struggling the most. Half of these homeowners said property taxes turned out to be higher than they expected, while 52% said their monthly mortgage payments are too high.  With renting comes an always-available maintenance team and the ability to call the landlord when there is a problem. Conversely, homeowners have to mow their own lawn, paint their own walls and fix their own leaky faucets.  And some of these tasks have homeowners shelling out more cash than they planned, with 59% saying maintenance and repairs are more costly and require more effort than expected, and 60% saying they cannot afford needed upgrades.  That said, it seems the idea of owning a home is still attached to the concept of what it means to succeed in this country, with 59% of homeowners saying they believe that owning a home is still part of the American dream.  I’d like to add that the survey was conducted “pre-pandemic”.   Most people think that owning a home is a financial asset.   That's debatable.   The Rich Dad school of thought is known for saying that, "A home is a liability, not an asset".    An asset puts money into your pocket every month. A home is a liability because it takes money out of your pocket every month.   Of course, in the conventional sense, a home is in your asset column and it’s mortgage is in your liability column.   Though owning a home is often a poor financial investment, you still tie up a lot of money in your humble abode.    You really have more than two choices in how you live - it’s actually more than just rent or own.    You have four choices in how you live: you can own your home, pay rent to a landlord, be homeless, or live with your parents – ha!   We’re only discussing two here: Rent vs. Own.   Fannie Mae associates “Home ownership with the American Dream.” in their marketing slogan.    In America, how many people own their homes vs. rent their homes anyway? About 2/3rds own and ⅓ rent. The homeownership rate is currently about 68%.    Well, I’ve probably got your wheels turning now on “rent vs. own”.    Let’s break things down further. I’ve got 16 factors that I came up with here for you to consider, many of which you’ve never thought about before - on this.   Often it’s an exercise in pros vs. cons for you. Often, it’s rationalizing a series of trade-offs for you.    The first of these 16 factors is ... Mobility. Many people move more often than they expect. Renting keeps you nimble. With a new job opportunity or life change like marriage and kids, your mobility is an asset. A homeowner that moves a lot gets eaten up and beaten up with closing costs, make-ready expenses, and sales commissions. Kinda like where I told you about Jerome, Jessica, and their two kids.   Choice. There are more homes for sale than there are rentals, especially at the higher end. See if you want to rent a high-end place, they’re often really hard-to-find, especially in a more rural area. Renting of high-end homes limits your choice. You might feel like you HAVE to buy to get what you want.   Equity Buildup. Equity is the difference between what your home is worth and how much you owe on a mortgage. Homeowners build equity; renters don’t. Equity is like a forced savings plan. But equity is an awful investment with zero return. Your return is zero because the presence or absence of home equity has nothing to do with whether or not your home appreciates. (Yet you would rather have equity than nothing.) Houses make terrible “banks” - they’re bad places to store cash.   Liquidity. Though most homeowners build equity, it’s difficult to access. To tap your home equity, you must prove to a bank that you qualify again, wait months, incur costs, and you still might be denied access to the equity. Opportunity Cost. Many tie up a 20% down payment or more in home equity. As I’ve stated, those equity dollars are low-use, zero return dollars. Instead, your chunk of money can be earning a return for you elsewhere.   Sunk Cost. This is an overlooked killer for homeowners. I mentioned some of them already. Mortgage loan closing costs, constant home maintenance and repairs, property taxes, utilities, landscaping, snow removal, leaf raking, rototilling, replacing obsolete fixtures and appliances, roofing, and painting costs are never fully recouped when you go to sell it. Renters bear almost none of these sunk costs. Renters aren’t losing time at Lowe’s & Home Depot either.   Control. Homeowners have a big advantage here. The peace of mind of knowing that a landlord can’t tell you to move is priceless. You have a feeling of belonging, an anchor. As a homeowner, you can knock out a wall, renovate your kitchen, or add a fence. Make it yours. Control is a big homeowner “plus”.    Appreciation. Renters don’t experience price appreciation. They commonly even have to endure rent price increases. Homeowners with loans benefit from financial leverage, which can amplify your wealth in an appreciating environment (though you’re lucky if this offsets ongoing opportunity cost and sunk cost). Inflation becomes your friend for homeowners - and when you’ve only got a tiny down payment into a home that you own - leverage AND inflation are both your friend. Now, a homeowner may also get an unusually outsized equity benefit if they buy in the right place at the right time. For example, if they had bought 10 or more years ago in a place that’s appreciated a lot - for example in Charlotte, Nashville, Austin, or Boise. That could be a homeowner boon there. But if you buy a home and it’s value doesn’t appreciate - or even goes down - plus each month you paid more than you would have as a renter - plus you’ve lost time doing repairs & maintenance, then you’re REALLY lost out as a homeowner. Tax Advantages. Homeowners often get the mortgage interest deduction. But this is just one small consideration. As our most recurrent guest in GRE history, Rich Dad Advisor Tom Wheelwright says, “Don’t let the tax tail wag the dog.” To say that “I’m buying instead of renting for tax reasons.” That’s a really weak argument.   Low mortgage rates. Homeowners can tie up long-term fixed interest rate debt at these historically low rates. Economists believe they’ll stay low for a long time into the future. This is a homeowner advantage.   Price and Rent-To-Value Ratio. If a home costs less than $250,000, own it. If it costs more, pay rent. If the monthly rent is under $700 per $100,000 of home, rent it. If rent costs more, own it. That’s that approximate seven-tenths of one percent rent-to-value ratio - or rent-to-price ratio. This formulaic approach indicates how much “home” you have the benefit of living in per dollar paid. Regional and other factors can skew these numbers. Of course, when we get that general with the numbers, there are going to be more exceptions.   Community formation. Owning your home provides both you and your neighbors a feeling of “belonging.” Homeowners are more likely to look out for the common good of the neighborhood. That helps everyone. People feel more fulfilled when they’re part of something greater than themselves.   Travel. This is so simple yet everyone overlooks this. Have you been to New York City? New Hampshire? Iowa? Arizona? Florida? Alaska? Ecuador? If you haven’t even gotten out to see the very world that you live in, be a renter until you’ve found the place that fits your interests.  Some people find themselves owning a home for a few years, then later realize that they don’t even live in a region that fits their interests. Maybe you don’t want to move far away because you want to be close to family. That’s legit. Family can be a good reason for NOT making a distant move. It’s about what’s important … to you.   Personal cash flow. If it costs substantially more to own a place rather than rent that place, then rent it…and vice versa. Homeowners that divert too much of their income into housing payments are what’s known as “House Poor.” This stifles your opportunity to travel, invest, and provide opportunity for your family.   Natural disasters. Areas subject to frequent earthquakes, hurricanes, and floods clearly tilt to the renter’s advantage. Even if you’re adequately insured as a homeowner, these catastrophes are worse for homeowners. No one thinks about that stuff until it happens.   Consumer advantages. Owning rather than renting can give you higher credit card limits and more favorable insurance rates. Those are the 16 factors that I compiled to help you figure out what makes sense for you.   A decided stigma still exists with renting. But you don’t live your life for the Joneses, you live it for you.   I’ve got more for you on: “Should you rent your home or own your home.?   Hey, have you had something on your mind that’s made you want to write into the show, but you just haven’t done it yet?   Well, I think that it’s been a while since I mentioned our Contact Page here on the air.    You can get ahold of us at GetRichEducation.com/Contact.   What you can do there is either send us a WRITTEN message - or you have the option of leaving some audio - basically leaving a voicemail.    I really like it when you leave us a voicemail personally, because it’s something that I might be able to play & answer on the air for you.   I like to hear your voice.   We get a ton of messages - and we’re grateful for them. But understand that we sure can’t give personal replies to every one of them.   You can either write in OR leave a voicemail, again, at GetRichEducation.com/Contact.   More on rent vs. own, next. I want to try to help you make the best decision that you possibly can. I’m Keith Weinhold. This is Get Rich Education. ____________________   Welcome back to Get Rich Education. I’m your host Keith Weinhold.   Homeowners have a higher net worth than renters.    The average homeowner net worth is $195,000. The average renter net worth is only $5,000.    That is a substantial gap. The means that homeowner net worth is nearly 40 times what renter net worth is.   Does that alone mean that owning is better? No. I think that it does TILT toward owning.   But see, to even BE a homeowner and qualify for a mortgage, you would have already needed to have assets and income … in order to cross that threshold.   I don’t think these figures are a good reflection of WHERE the homeowners wealth actually came from - was it equity building through leveraged appreciation & principal paydown or how much income they earn from their job?   That’s information that I’d like to see.    Of course, in the greater context of Get Rich Education - net worth matters. Not as much as cash flow, but it matters, because net worth can be converted into cash flow.   Nonetheless, that net worth stat still tilts to the homeowner favor, just not as much as one thinks. "People often say that buying a home was the best investment they ever made," that’s what Ne ela Hummel said - the chief planning officer at financial planning firm Abacus Wealth Partners.  "The problem is that their return as investors is often worse than they think.  When calculating how much they made on a home, most people do not include the out-of-pocket costs they incurred through things like replacing pipes, repairing roofs, or numerous other unexpected expenses that come up. As a tenant, your costs are fixed, but as a homeowner, you are on the hook for any repair that comes up." That’s the end of what they said. Those needed repairs to your home may involve you doing a lot of research online - and watching YouTube videos - to find a solution or simply paying a repairman to remedy the issue.  Either way, you’re on the hook for investing more time and money into your home when something breaks. Now, I’ve got another test on renting vs. owning your home.   Is a home an “investment”? Do you see your primary residence as an “investment”.   Well, what is an “investment” anyway? What is the definition of “investment”.   We are an investing show - and we take deep consideration of both the value of your time and your money here, so …   The definition of “investment”, per the Oxford dictionary is … “the action or process of investing money for profit or material result.” That’s it.   So is your home an investment? I think some people see it that way.    Like I’ve said, if you’re rather lucky and buy the home in the right place and at the right time - you could profit from it. Though that’s more the exception than the norm … probably.   What I like to say is that in general, your primary residence is a poor FINANCIAL investment. But it is a good LIFESTYLE investment.    See, in this way, your primary residence is like a vacation.   That is because, think about the money you spent on your last vacation. Whether you went to the beach or the ski slopes or French vineyards, it was not a good strict FINANCIAL investment, but it was a good LIFESTYLE investment.    You improved your quality of life. You improved your standard of living.   A home is typically a good lifestyle investment and a poor financial investment.   Now, look, we’re all somewhat biased based upon our own set of experiences. That goes for me too. I am an 18-year real estate investor.    I grew up in a home that my parents … owned. They even had the mortgage completely paid-off early.    In fact, I think I shared with you before that my parents still live in the same Pennsylvania house that they’ve owned continuously since 1974.   But when I grew up in upstate Pennsylvania, all my friends’ families OWNED their homes. No one rented.   Later, I’d go on to learn about socioeconomic stratification and how I’d just be less likely to associate and even meet kids from renter households.   There was one notable outlier. When I was about 14 years old and the Petroski family moved to town - they were some pretty nice, relatable friends that were into sports & baseball cards - and I learned that they rented.    And that was the first time that I ever remember hearing the word “landlord” in my life … when the Petroskis talked about their landlord, Mr. Hosley.   I’ll tell you, my parents owning their home might have help stabilize my childhood. I’m not really sure, because I can’t compare what it’s like to move as a kid, because we never moved.   If you’ve got kids, is uprooting them to move damaging to them?    Or does it help them become more adaptable later in life? I truly don’t know the answer. I haven’t read about that at all.   But all the kids knew where I lived & could count on me for getting together.    I had an awesome childhood, raised with two married parents, playing wiffle ball in the yard, catching crayfish in the creek, going camping, and collecting Star Wars action figures. All that great kid stuff. And part of that is … well ...   Home felt like home. If it’s important for you to build a legacy for your family and have your home incorporated into that - then perhaps only homeownership will give you those … nostalgic feelings.    For me, it was knowing how my brother & I’s Christmas stockings were going to be hung from the mantle in the living room next to our wood-burning stove.    The love from my parents is the most important thing for sure. But knowing that everything was going to be in the same place every year too?   You need to understand something. That right there brought me a FEELING, an emotion, that concern for a rent-to-value ratio NEVER could. That’s stuff’s got NOTHING to do with math.   If you can’t feel at home, at home, then where you can feel “at home”?   Remembering that spot on the living room floor where I was watching the television when the Phillies won the World Series. Yeah, I can still go there and show you that in my parents’ home.   See, if I go much further down this track, I’ll soon get teary-eyed here with you.    So, with rent vs. own, is there a hybrid approach? No, there’s not really. There’s something called a lease-purchase. But those agreements are uncommon.    One somewhat hybridized approach is … one that I’ve taken.    I own the home that I live in. I’ve lived in that home for 8 years. But see, what I did is, knowing what we know about equity, is that I decided to own my home but have a low equity position.   I made a 5% down payment with a conventional loan.    See, now I’ve got 20:1 leverage, very little skin in the game, and still have control, plus I got a 3.5% interest rate back in 2012.   See, instead of putting 20%, with 5% down, now I have that difference of 15% of the value of the home … out working for me as equity levers in other income properties in other states.   And no, I pay ZERO monthly PMI despite putting 5% down with a conventional loan. I’ve given you detail on how I pulled that off on previous shows, and you can too.    The short story is, make a strong offer on your buy price and put it into the contract that your seller pay upfront PMI for you.   Now, there are some other distinct things happening in my geography where - if someone wanted to come buy my primary residence from me, but yet I could keep living here as their renter …   … and it was written into the contract that they couldn’t make me move, and I know I would pay them a lower rent amount than I’m currently paying in my mortgage & all those other homeowner expenses, I WOULD consider doing that.   Those situations are hard to find.   Yep, I would convert my mortgage payments to rent payments if I could get that arrangement.    And why do this? Because the lower rent payment would increase my personal monthly cash flow, plus it would free up any dead equity that I have in the home.   Part of the rationale there is that my home market has few prospects for substantial appreciation in the next few years.   Well, in rent vs. own, what’s the bottom line with what makes the most sense for you financially? (Just … talking financial only here)   Be a renter in a high-end home and then buy low-cost income properties in investor-advantaged markets in the Midwest and South - that you rent out to others.   See, if you’re a renter in a high-end home, now you’ve got zero dead equity tied up in your home - and instead, it’s leveraging property in sensible markets.   In fact, I know a few other people - savvy people - that understand rent-to-price ratios and do exactly that.    They’re FAIRLY wealthy people that are renters by choice - and own lots of rental property in low-priced markets.   But there’s no one definitive OVERALL factor in your Rent vs. Own decision because this is where finances and feelings intersect.   So here’s hoping that you’re finding a few considerations that you’ve never thought about before!   To be clear here and to summarize overall ...   Is homeownership a sham? Is it a rip-off? No.   Is homeownership overrated? Yes, it still is.   Many people that are renting should own. These people seem to know that.   Conversely, many that are owning would actually be better off renting. Few seem to know that and they’re even willing to take up an argument with you.  They’ve heard the same “Paying rent is like throwing money away.” thing for so long, that they’d rather argue than really think it through.   Well, the reason that I did this show today - though it’ll be just as relevant if you’re listening 5 to 10 years from now, is pandemic-related.    It’s because the COVID-19 pandemic is appearing to increase the migration rate as people look for less dense housing.    Whether you’re migrating or not, now you better know whether renting or owning your home makes the most sense for you.   Next week here on the show, we’ll discuss what we usually do - INCOME property - property that you don’t live in, but instead, rent to others - and just exactly why the investment makes more ordinary people wealthy than anything else.    If there’s one thing that I know about you, it’s that you are always going to live somewhere.    And you know what else, so is everyone that you know.    Every person that you know - may or may not own rental property - but everyone that you know is always going to live somewhere too.    Do you think that this show would benefit them?    This episode in particular might save your family and friends SO much time and money.   I love it when you share the show with others. So I’d be grateful if you took a screenshot of this episode and shared it on your Facebook, Instagram, Twitter, LinkedIn, or even through an email or text with those that you care about.    I always endeavor to make things clear to understand here on the show. I’m Keith Weinhold.   Don’t Quit Your Daydream!

Welcome to the Mindful FIRE Podcast, where we explore living mindfully on the path to financial independence and beyond. I'm your host Adam Coelho and I'm glad you're here. Today we talk to my friend, Spencer Sherman, a financial advisor, mindfulness teacher and owner of Abacus Wealth Partners. Spencer lives in the San Francisco Bay Area. I learned so much from Spencer in this episode and I'm excited to share it with you.   In this show you'll learn:How a huge fire in the office building where Spencer worked changed his life forever. And how and why he ran back into the buildingThat most people believe that their net worth equals their self worth and how Spencer works with clients to change that belief systemWhy Spencer says that “enough” is the dirtiest word in the English language and how if we can practice “enough” in our lives we can see that we can and already do have it all, right nowHow our beliefs about money impact how we live our lives and that we can begin to change behavior just by recognizing and becoming aware of the behaviorSome simple but powerful practices to start to bring more awareness and choice to your relationship with money and with others in relation to money. Spencer's advice to save money and have a plan but recognize that the goal is to be with your life in this moment right now. Don't live in the futureAnd so much more. I hope you enjoy my wonderful conversation with my friend Spencer Sherman. Full Show Notes | https://bit.ly/3t1Hg6rMore Inspiring Interviews | https://bit.ly/3jvhuUZMore Guided Meditations | https://bit.ly/3mM20Ol

Today In the Suite welcomes Mary Beth Storjohann, CFP® Founder of Workable Wealth and the Chief Marketing Officer at Abacus Wealth Partners. Mary Beth is an enterprising author, speaker, and financial coach who has made more than a living, but a beautiful life, out of her passion for educating and empowering women around money.Mary Beth’s own exposure to the financial planning industry began in college and she’s been pushing the industry forward ever since. Her first book, Work Your Wealth – 9 Steps to Making Smarter Choices with Your Money, is Mary Beth’s own blueprint of the exact money moves she teaches her clients in order to align finances with values. In this episode we learn the financial advice for both millennials and women of all ages; how firms can be consciously diverse; and Mary Beth’s timeless advice for those looking to go into financial planning.Join the conversation to hear more about:Abacus Wealth Partners’ comprehensive Covid-19 resources (5:49)The most important area of focus for all during the global pandemic (9:35)The importance of intentionality when it comes to financial decisions (21:59)Why Mary Beth focuses on educating women on money (24:00)How Millennials and Gen X’s can start their own financial planning businesses without big investments (29:21) How Abacus Wealth Partners approaches new client acquisition with diversity in mind (34:51)The top advice to ensure your firm is consciously diverse (37:47)The best way to start your second career in financial planning (40:20)What to keep in mind as you’re starting your own financial planning business (46:45)Mary Beth’s timeless piece of financial advice (53:02) The physical object that gives Mary Beth superhero strength (55:23)Referenced Materials Abacus Wealth Partners Website Abacus Wealth Partners COVID-19 Resources Page Workable Wealth Website Work Your Wealth Podcast on Apple Podcasts Work Your Wealth - 9 Steps to Making Smarter Choices with Your Money on Amazon

Our upbringing determines our identity and values. Every decision we make is affected by our beliefs growing up. As a result, it can become a constraint in a diverse workplace, where you have to learn how to put yourself in the shoes of someone from another culture. By learning how to respect each other’s differences and awakening our cultural awareness, we can achieve success in everything we do. In this episode, John Eing joins us to talk about how you can advance your career without compromising your values in life. He also discusses the importance of breaking cultural norms and stereotypes in the workplace. Also, he highlights the role of cultural awareness in our multicultural interactions in the workplace and society. This episode will teach you the importance of culture in living a happy and successful life. Tune in! Here are three reasons why you should listen to the full episode: Learn the three most important pieces of career advice John learned in his first job. Find out how our values and cultural beliefs affect the way we act and make decisions. Discover the role of cultural awareness in addressing obstacles in the workplace. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

This week I sat down again with Lindsey Woodward, CFP® to talk about how to align your money with your values by investing intentionally.  Lindsey is a financial advisor at Abacus Wealth Partners, which provides fee-only, comprehensive financial advice to help individuals, families and foundations. Lindsey is dedicated to helping the people she works with align their money with their goals and values. She serves on the Abacus Wealth Partners Investment Committee and is a co-leader of the Los Angeles chapter of WISE (Women Investing for a Sustainable Economy). HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: What is meant by “values informed” investing Where to get started with investing intentionally How Environmental, Social and Governance (ESG) play a role in investing The reason a portfolio is screened Comparing and contrasting divestment, investment and engagement How to engage with companies you own shares in Tools for you when investing intentionally Socially Responsible Investing (SRI) portfolios explained and where they derive from Similarities and differences of ESG and SRI portfolios Different platforms and portfolios you can invest intentionally Action items to increase ESG options within your 401k What to consider when using your brokerage accounts with ESG portfolios The different types of holdings you should have in your portfolio The biggest benefit of investment diversification How to align your money with your values if you don’t have money to invest right now How you can bank responsibly through a Community Development Financial Institution (CDFI) How microloans play in an overall financial strategy A myth attached to ESG funds LINKS WE MENTIONED ON THE SHOW: As You Sow Opportunity Finance Network CDFI Locator Map Kiva GET SOCIAL WITH LINDSEY AND LET HER KNOW YOU HEARD ABOUT HER HERE Abacus Website Lindsey’s e-mail

This week I sat down with Laura Morganelli, CFP® to talk about how to handle employee stock options and some of the things to be aware of if and when you decide to exercise those options. Laura joined Abacus Wealth Partners in 2015. With over 7 years of experience in personal finance, her main goal is to bring a sense of peace in people’s financial lives. She recognizes that financial planning and investment management topics can sometimes feel complex and scary and is passionate about providing guidance and education in simple, human, and enjoyable ways. Laura lives in Philadelphia. When she is not nerding out over Excel spreadsheets or burying her nose in a book, she can be found at the dog park with her pup, Bella, working out, enjoying happy hour and trying new restaurants with friends, or traveling to new cities.  Family is also important to her, considering their influence is a big part of who she is today. As a child her parents often told her “If you love what you do, you’ll never work a day in your life.” Those words have stuck with her over the years. Her eagerness to build knowledge, coupled with her love of meeting new people, has made financial planning the perfect fit. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: What stock options are and what you can or can’t do with them Exercise price, stock price, vesting dates, grant dates, and more explained What exercising your stock options looks like Different avenues for exercising your shares The role taxes play upon exercising your options What a spread is and how it can impact your taxes and compensation The difference between non-qualified and incentive stock options Capital gains tax considerations Considerations for holding versus selling options A common misconception to be aware of The benefits of being awarded stock options and how they can enhance your life Vesting schedules What to be cautious of regarding expiration dates GET SOCIAL WITH LAURA AND LET HER KNOW YOU HEARD ABOUT HER HERE LinkedIn Laura’s e-mail Facebook

This week I sat down again with Ariel Ward, CFP® to talk about how to become a millionaire and some of the small steps you can be taking now to help you down the road. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: The first thing to do to start growing your net worth The question I like to ask all of my clients to help judge progress How being debt conscious can be an important step toward millionaire status How student loans play into your plan of millionaire status How critical employer-sponsored retirement savings accounts can be Leveraging a Roth IRA or a backdoor Roth IRA If you’re paired up, is maxing out two 401(k)s enough for retirement A few items millionaires have leveraged to get to that status Other areas to focus on beyond investments when working to become a millionaire One of your most valuable assets to help you increase your net worth How lifestyle inflation can delay your ability to become a millionaire What a $5,000 raise could do to your net worth over 20 years A fear small business owners have that could be hurting their millionaire status Where a budget plays into your millionaire goal The difference between saving a percentage of income vs. a specific dollar amount LINKS WE MENTIONED ON THE SHOW The Millionaire Next Door GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram

In this episode, Lindsey Woodward of Abacus Wealth Partners talks about the basics of investing and why it’s available to everyone. We also discuss how you can invest in companies that benefit people and the planet while also saving for your future. We dive into saving for retirement if you’re working for a company and how you can save even if you don’t have access to a traditional 401K. Get full show notes and more information here: https://ssfllp.com/rebooting-capitalism-podcast/#ep4

This week I sat down again with Ariel Ward, CFP® to talk about how to know if you can afford for one parent to stay home. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: How to financially navigate having one parent stay at home with the kids The significance of knowing what your family expenses are A few things people tend to forget when looking at monthly expenses Expenses that might go away with one spouse at home The budgets we establish for our clients when one person stays home Why you should discuss how long the spouse will stay at home before returning to the workforce, if ever Ideas for the working parent to increase income or flexibility Options for the stay-at-home parent to still bring in an income What to consider when it comes to employee benefits for the parent staying at home How staying at home might change what you need for disability or life insurance Changes that could take place with your investments by having one parent stay home The conversations we have with clients when considering one parent staying at home The most important question to consider when making the change A couple of red flags we’ve seen when looking at cash flow The unique story Brian and I have about having one parent stay home The agreement Ariel worked out with her employer to allow her to stay at home What happens when the at-home parent is trying to do too much GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram

Mary Beth Storjohann is the Chief Marketing Officer for Abacus Wealth Partners, an independent RIA that oversees nearly $2.6 billion in assets under management for almost 1,700 clients. After joining us for episode 61 nearly two years ago, today she is back for a second time to discuss the major changes she has made since then. Listen in as we discuss why Mary Beth decided to sell her own firm to take on a marketing leadership role in an even larger firm, as well as what this new role entails. You’ll learn how Mary Beth determined avatars for the firm's marketing, how she allocates her marketing budget, and what she believes every firm can do to better their marketing. For show notes and more visit: https://www.kitces.com/154   

This week I sat down again with Ariel Ward, CFP® to talk about things to think about before buying a home. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: Why people have hesitation around investing Some fears people relate investing to Why you shouldn’t use the news as a guide for to invest Translating the market changes to your investments How risk tolerance and asset allocation play into your investment portfolio Questions to ask yourself when considering different investment vehicles The trend of the market over a long period of time Investment vehicles for different levels of risk and what that means for your money The good and bad of taking on more risk in your investments Why you should understand the emotional aspect of investing How a financial planner can help you navigate your capacity for risk Should you invest when the markets are high? How to utilize dollar cost averaging to support your emotional side of investing What is meant when talking about “investing” LINKS WE MENTIONED ON THE SHOW Dow Jones Industrial Average S&P 500 MSCI Russell 2000 GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram  

This week I sat down with fellow Financial Planner and Abacus partner Neela Hummel to discuss what we see in breadwinning women. Neela is passionate about women taking their finances to the next level. Women are increasingly out-earning and in control of more money than their male counterparts, yet many company policies and financial services are leaving women out. Her goal is to step outside the “paint it pink” model and tailor financial planning to the unique needs of different types of women. As any woman knows, different women have different needs, and She specializes in working with breadwinners, decision-makers, and young inheritors. Neela is a partner with Abacus Wealth Partners. Since 2009, Neela has helped grow a firm that values and supports women through flexible policies, career advancement, and equal pay for equal work. As a consequence, 50% of Abacus’ advisors are women, in an industry were 20% is the norm. Neela was named as Investment News’ “40 Under 40” for financial advisors in 2016 and is a graduate of UC Berkeley. Neela lives in Los Angeles with her wonderful husband, two adorable children, and two rescue dogs. She is an avid traveler and foodie, taking any opportunity to visit a new country, try a new restaurant, or hone her language skills (she peaks both Spanish and Italian). HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: Neela’s background and her path to Abacus Wealth Partners The biggest challenge breadwinning women tend to face The financial opportunities that benefit breadwinning women over men Other factors to consider besides the dollars and cents when looking at your finances Why outsourcing can be a crucial tool for breadwinning women What it looks like for Neela being the breadwinner in her family Why you should use a financial planner when talking finances with your significant other Why you must separate out money for your financial goals Why so many women are asking what is their enough The benefits of being a breadwinning woman (or having one in your life) The impact breadwinning women will have on future generations What a family needs to be financially successful, regardless of who is the breadwinner GET SOCIAL WITH NEELA AND LET HER KNOW YOU HEARD ABOUT HER HERE Neela’s e-mail Instagram Twitter

This week I sat down again with Ariel Ward, CFP® to talk about things to think about before buying a home. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: A big decisions we’ve been helping multiple clients with this year Financial considerations to make before buying a home The reason people many feel the need to purchase a home Homeownership costs that might not always increase the value of the home Where the commission fees play into your financial well being for short term homeownership How long to plan on staying in a home before selling it The dangers of buying a home for the maximum amount a lender approved you for Why you should consider future life milestones when deciding on how much house to buy Where retirement savings plays into plans for buying house Some realities of homeownership that aren’t always talked about Tips for saving for a home down payment The types of accounts to stash money away into for your initial down payment A good way to prepare financially if you are considering upsizing your home The down payment percentage you should be striving for The way Private Mortgage Insurance can affect your cash flow How to prioritize big savings goals alongside buying a home Rule of thumb for establishing an emergency fund LINKS WE MENTIONED ON THE SHOW: How to Plan (and Save) for a Home Down Payment blog Is Home Buying Still a Good Idea? blog Should My Partner and I Buy a Home Before we Marry? blog How Much Home Can Your Lifestyle Afford? blog Planning to Buy? blog 8 Hidden Costs When You Buy a Home blog GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail  

This week I had changed things up a bit and became the interviewee! I invited my husband Brian on to chat about how we decided to sell my business. Selling my business was no easy decision. There were months of discussions, months of debate and a lot figuring out what we wanted in life. On today’s episode Brian and I chat about what led to selling my business, why we felt it was the right decision for us and some of the many things I am excited about coming up for Abacus Wealth Partners. We also chat about what you the listeners, clients, subscribers, etc. can expect going forward for the Workable Wealth and Work Your Wealth brands. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: How a big decision for your business impacts your family life The importance of discussing big business decisions with your significant other The opportunities that were available to Workable Wealth Factors that went into merging into a larger firm How Mary Beth learned and was exposed to Abacus Wealth Partners The push Mary Beth received through the mentorship program Why she explored the idea of a merger How the Chief Marketing Officer role played into the merger Mary Beth’s discovery of “secret” Abacus The unique way Abacus onboards new employees How Abacus is walking their talk when it comes to diversity How the culture of Abacus impacted the merger decision Opportunities seen within Abacus for Workable Wealth and their clients What it came down to for Mary Beth to say “Yes” to Abacus The responses clients have given regarding the merger What readers, listeners, clients, etc. expect going forward Be on the look out for the “Money Circles” launch What the future holds for Workable Wealth LINKS WE MENTIONED ON THE SHOW: Abacus Wealth Partners Mary Beth Exciting News to Share Blog Post Become an Abacus Client LET’S CONNECT! Facebook Twitter Instagram

Many times people see just the dollars and cents side of money, but there is so much more behind each person’s money script. You have certain beliefs and ideas about your money for a variety of different reasons. In today’s Money Checkup, I chat with fellow Certified Financial Planner®, Mary Beth Storjohann on some of the questions we see quite often when it comes to money and hiring a financial planner to navigate money issues. We dive into what to look for in a CFP®, questions you should be asking your potential financial planner and more! Tune in and learn how to determine which financial planner is the right FIT for you. Mary Beth Storjohann, CFP® works as an author, speaker, and financial coach to apply a fun, albeit no-nonsense approach in working with individuals and couples across the country, helping them make smart, educated choices with their money. She is the Founder of Workable Wealth, a platform that provides financial education and empowerment to those in their 20s – 50s, and is the Chief Marketing Officer at Abacus Wealth Partners, a fee-only, independent firm that is a change-maker in the financial planning world with a focus on diversity and inclusion, impact & socially responsible investing, and making financial planning accessible. What We Will Cover Questions that come up around hiring a financial planner Barriers people put up for not hiring a financial planner How to address the emotional side of money How a financial planner can provide a safe space to talk about your money Important items to look for when searching for a financial planner Fiduciary explained and why your financial advisor should be in this category Fee-only versus fee-based financial planners A few things to consider when finding the right fit for your financial planner How comfort and the ability to relate can be crucial for picking your financial planner Why your financial planner shouldn’t be afraid to have the tough conversations with you Why you may not get the sample plan you ask for when interviewing a financial planner The questions you SHOULD be asking instead The peace of mind a financial planner can bring to your life The fees discussed and the value that you get Why fees will be different when comparing financial planners Different options to pay your financial planner to make it work best for you The challenges and pitfalls you might run into down the “do it yourself” route  Getting Connected With Mary Beth Mary Beth's Website Facebook Instagram Mary Beth’s Email Click here if you want to read the transcript instead! Why You Should Hire a Financial Planner with Mary Beth Storjohann

Today's guest is Brent Kessel. Brent is founder of Abacus Wealth Partners, which has more than 50 employees and more than $2 billion in assets under management. About ten years ago I was reading a Buddhist magazine and did a double-take when I saw an ad for a financial advisory firm on its back cover. Abacus Wealth has been on my radar ever since. "I have been a student of different kinds of Eastern traditions, mostly yoga and mindfulness meditation, for over 25 years," Brent says. "As your listeners probably know, the abacus is a Chinese mathematical computational instrument. What I liked about that name is that it felt like it brought in Eastern tradition and history along with computational dexterity, just the ability to really think, figure things out precisely." Brent's unique path through life and personal passions have had a big influence on how he runs his firm. We discussed how that confluence has helped to make Abacus stand out from the crowd while also offering its clients a mind-opening perspective on what the wealth they're building is really for.

After watching a moving TEDx talk of Heather's journey overcoming cancer I was so looking forward to sit down with her and hear about her life journey.  Most of us don't think on a daily basis, "I'm going to die one day." Heather's story reminds us to live every moment to the fullest, be intentional creators in our life and ask, "How do I want to be remembered?" I hope you enjoy! "There is so much that our children teach us. They pick us. They pick us in this lifetime to say, 'You've got some lessons, and I am going to help you get there.'" In this episode we discuss: Heather's personal story of receiving a diagnosis of stage 4 cancer and how that changed her life Her healing journey and moments of awakening  How she came to form her business and what becoming a parent brought to her life Decoding the tantrum: What it means and how to shed the guilt and the parenting shame Raising successful children: How teaching mindful meditation can help children self-regulate How managing your energy (not your time) will increase success Addressing a burnout epidemic: How to structure your business so you don’t run out of gas Stay in touch with Heather: Website Podcast Facebook Group  Today's episode was graciously brought to you by Abacus Wealth Partners.    Heather Chauvin BSW has been named the next generation’s thought leader in parenting and women’s leadership. Her mission is to crack women open to their deep potential and help them understand and decode their child’s behavior. Heather is a Tedx Speaker and the creator of the Mom Is In Control Podcast. She has been featured on the OWN Network, Huffington Post, TV outlets and others. With wit and wisdom, Heather inspires a global community of women to take back control of their lives and evolve how they lead, work, play, and parent.   Podcast by Meredith Rom - Rising Women Leaders | Spirituality | Personal Growth | Yoga. Intuition, stories, and voices  

Darius Gagne - Making It Financially as an Entertainment ProfessionalHear more shows like this at https://entertalkradio.com/makingitDarius Gagne is the Chief Investment Officer at Abacus Wealth Partners overseeing $2 billion in assets. He is also a financial advisor at Abacus, specializing in financial, estate and investment planning for entertainment professionals, executives and entrepreneurs.  Darius is a physicist by training, earning his PhD at UCLA. He applied his quantitative training to the financial industry starting in 1996 as a quantitative analyst ("quant") on Wall Street, having worked at UBS, Merrill Lynch, and PIMCO. He started his first wealth management firm in 2005, which he eventually merged with Abacus.www.Facebook.com/abacuswealthhttps://abacuswealth.com/https://abacuswealth.com/team/darius-gagne/

Lately I’ve been reflecting on what it means to have “enough.”  Last month I was lucky to sit down with a founding partner of Abacus Wealth Partners, an investment company that focuses on making the world a better place, Spencer Sherman. I found it really interesting when he shared, “Giving and saving are two ways to tell your body and mind, ‘I have enough.’”  Mindfulness and meditation have greatly helped me shift my relationship to money.   I remember even just a few years ago when I had accumulated a large amount of savings, yet my mindset was solely focused on what I didn’t have. Because of that, I didn’t take a moment to reflect on everything around me. Instead I kept pushing myself.  Now, I do my best to remind myself of what I have, with gratitude. A mantra I use often is, “I have everything I need, and I welcome so much more.”  (Thanks to Gabrielle Bernstein for that one) Shifting my mindset around money and focusing more on generosity than on scarcity has helped me let go of the need to grasp on to the next prospective client, the bigger house, or next new item for my wardrobe. And I have to say, it’s been so relaxing to take that pressure off.  The funny thing is, the more I soften and rest into the trust that I have everything I need, I feel like so much more abundance is coming to me. I’ve consciously been letting go of the grasping, the feeling of “getting the short end of the stick” and really honoring where I am at and what I have.  It’s not an easy practice, I know, and sometimes I still get stuck in the mindset of “I don’t have enough.” So that’s why I’m excited to share with you my latest podcast episode all about Money and Mindfulness with Spencer Sherman.  “The less attached I have been, the more ease I have found with money, the more it comes to me.” ~ Spencer Sherman A few months ago it became clear to me that I’d like create a “Mindful Men Series”  to honor the perspective of the divine masculine and share the voices of men I see around me honoring their gifts and purpose while giving back to the world.  After listening to the episode, I’d love to hear, what does enough look like for you? How do you cultivate a feeling of enough?  Let me know in the comments over on instagram.  I’m also excited to share that this Fall Spencer and I are collaborating in an 8-week Mindfulness Based Stress Reduction program locally in Sebastopol. Save the date September 5, 6:30 - 9 pm at The dhyana Center for a free orientation to learn about the program. In this episode we discuss:  Discovering your true net worth  The best day/worst day of Spencer’s life  The missing piece one of his clients discovered to living a joyful life after having “made it” in the financial world Meditation and how that has affected Spencer’s relationship to money and how he relates to clients in his business The first step to take to bringing more awareness to your finances  Abacus’ approach to wealth management and sustainable investing  Our upcoming course, Mindfulness Based Stress Reduction (Save the date for Sept. 5 for a free orientation) Spencer's book, The Cure for Money Madness I hope you enjoy today’s show. It may be just what you need to earn more money, start saving and giving, or maybe to just cultivate more peace of mind. With love, Meredith P.S. Join me this coming Wednesday August 9th for my next webinar, The Art of Feminine Abundance where I’ll be sharing more about my insights on wealth, joy and abundance. Click here to sign up.  - Spencer Sherman is a financial expert, public speaker, teacher and author. Spencer has taught classes and spoken to audiences across the U.S., including at Esalen and Kripalu. He has practiced meditation since 1983 and is a qualified teacher of Mindfulness Based Stress Reduction (MBSR). He is a founding partner of Abacus Wealth Partners, an investment company that focuses on making the world a better place. Spencer and his wife Janine live in Sebastopol, CA with their 2 children.

T100: Brent Kessel, Abacus Wealth Partners by The Heron Foundation

This week I sat down with another financial planner, entrepreneur and educator, Alan Moore, to talk about the things you don’t know to ask (but should) of any financial planner you work with. Alan Moore, MS, CFP® is the co-founder of the XY Planning Network and is the Champion of NextGen at Abacus Wealth Partners, a fee-only RIA and financial planning firm managing over $1.5 billion AUM. He is passionate about helping financial planners start and grow their own fee-only firms to serve Gen X & Gen Y clients largely ignored by traditional firms. Alan has been recognized by Investment News as a top “40 Under 40″ in financial planning, and by Wealth Management as one of a “The 10 to Watch in 2015″. Alan frequently speaks on topics related to technology, marketing, and business coaching, and has been quoted in publications including The Wall Street Journal, Forbes and The New York Times. He currently lives in Bozeman, MT so that he can hit the slopes on powder days. HERE'S WHAT YOU’LL LEARN FROM THIS EPISODE: What the next generation of financial planning looks like What a Fiduciary is and what it means to “act in your best interest” Questions to ask a financial planner before working with them How to determine if a Financial Planner is the right Financial Planner for YOU The issues you might face in finding a financial planner that is a fit for you and how to overcome them Considerations for putting a value on financial planning advice for your situation The organizations that exist to advocate for you as a consumer LINKS WE MENTIONED ON THE SHOW: John Oliver: Retirement Plans Sample Fiduciary Oath (This is my signed oath for the XY Planning Network) XY Planning Network CFP Board National Association of Personal Financial Advisors (NAPFA) Garrett Planning Network Alan’s E-mail address Alan’s Website Schedule a free 30-minute consultation with me

This week, J.D. Bruce - President of Abacus Wealth Partners - shares his experience of growing a firm from a solo practice to an established business with a professional management, a board of directors, and a governance structure. J.D., a CPA with management experience across a variety of industries, was hired at Abacus to help merge two solo firms into the successful operation that exists today. You can find show notes and more information by clicking here:  http://www.xyplanningnetwork.com/82

What if you cut your AUM advisor fee in half and made up the difference by charging a retainer fee? That's what multi-billion dollar RIA firm Abacus Wealth Partners is experimenting with. With the DOL rule and increasing pressure on firms to be more transparent with their pricing, we're starting to see firms experiment with their advisor fee. In an earlier episode, I talked to Scott MacKillop who founded third-party investment firm First Ascent Asset Management. His firm capped its advisor fee at $1,500 for accounts larger than $300,000. In today’s show, I talk to J.D. Bruce, president of Abacus Wealth Partners and Billy Oliverio, vice president of United Planners. We had a lively conversation about alternative pricing strategies from the RIA and broker/dealer perspective.

This week, J.D. Bruce joins me on #XYPNRadio. J.D. is the president of Abacus Wealth Partners, based out of Santa Monica. J.D.’s firm manages over $1.5 billion. Abacus is the firm that bought my RIA, Serenity Financial Consulting, in 2015. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/32

Next up I am speaking with Spencer Sherman, Founder and Executive Chairman of Abacus Wealth Partners who runs a $1.4+ billion dollar financial advisory firm focused on bringing greater levels of mindfulness to MONEY.  Yay, … AOMW 016 – Bringing Greater Mindfulness to Money with Spencer Sherman Read More » The post AOMW 016 – Bringing Greater Mindfulness to Money with Spencer Sherman appeared first on Wealth Clinic.

The socially responsible/impact investing market is growing and changing. How can you participate? The questions we hear from donors are wide ranging. How do I align my investments with my philanthropic values? What's the difference between socially responsible and impact investing? Can I achieve both financial and social returns? What are the risks? How should I think about the aligning my giving and my investing? What's possible for me with X money to invest? Do I have to be a finance expert to get involved? Join us for an interactive conversation with two of our new bold givers who model integrated giving and investing for change in their own lives and run their own firms helping clients answer these and other daunting questions. Ian Fuller, managing director of Westfuller Advisors, and Brent Kessel, CEO of Abacus Wealth Partners will help us explore the fears and questions that holds us back from unleashing our potential to invest for impact and offer tested ideas and strategies on how we can move past them. --- Hosted by: Jason Franklin; Featuring Bold Givers: Ian Fuller, Brent Kessel

Did you know that you can control the factors that lead to financial success? In this podcast, CEO Spencer Sherman explains how Abacus Wealth educates clients on how they can do the right thing with their finances every day for the rest of their lives. He explains how our firm helps each of our new clients turn their lives around in just one day, freeing them from stress and giving them more time to pursue the important things in life. Abacus Wealth Partners is an SEC Registered Investment Adviser. A copy of our current written disclosure statement discussing investment risks, our advisory services, and fees is available for your review upon request. Nothing in this publication should be construed as investment, legal or tax advice. Please contact an attorney regarding specific legal questions about your trust or estate plan.

In this podcast, Abacus CEO Spencer Sherman talks to Krishna Pendyala, author of Beyond the PIG and the APE: Realizing SUCCESS and true HAPPINESS, about how we can create our own yardsticks for measuring success in life. Spencer and Krishna also discuss how making conscious choices about the role money plays in our lives can lead to more happiness, fulfillment and success, as well as empower us to make smart investing decisions that aren’t driven by greed, fear or our own egos. Abacus Wealth Partners is an SEC Registered Investment Adviser. A copy of our current written disclosure statement discussing investment risks, our advisory services, and fees is available for your review upon request. Nothing in this publication should be construed as investment, legal or tax advice. Please contact an attorney regarding specific legal questions about your trust or estate plan.

Abacus CEO Spencer Sherman discusses the various facets of our true net worth, including creativity, sense of humor, cultural and spiritual wealth, friends and family, and our health, and explains how a broader understanding of wealth can help us live richer, more peaceful and happier lives. Abacus Wealth Partners is an SEC Registered Investment Adviser. A copy of our current written disclosure statement discussing investment risks, our advisory services, and fees is available for your review upon request. Nothing in this publication should be construed as investment, legal or tax advice. Please contact an attorney regarding specific legal questions about your trust or estate plan.

Our net worth is not just the money we have in the bank. Abacus CEO Spencer Sherman discusses the lessons we can learn from It's a Wonderful Life and explains how developing a clearer idea of our true net worth can give us a better sense of what's really possible for us. Abacus Wealth Partners is an SEC Registered Investment Adviser. A copy of our current written disclosure statement discussing investment risks, our advisory services, and fees is available for your review upon request. Nothing in this publication should be construed as investment, legal or tax advice. Please contact an attorney regarding specific legal questions about your trust or estate plan.

The traditional definition of net worth, which focuses solely on financial wealth, is outdated. In this podcast, Abacus CEO Spencer Sherman explains why we should embrace a more nuanced understanding of net worth. Abacus Wealth Partners is an SEC Registered Investment Adviser. A copy of our current written disclosure statement discussing investment risks, our advisory services, and fees is available for your review upon request. Nothing in this publication should be construed as investment, legal or tax advice. Please contact an attorney regarding specific legal questions about your trust or estate plan.

Tami Simon speaks with Spencer Sherman, a graduate of the Wharton School, who was named one of the top wealth advisors in the US, and is a cofounder of Abacus Wealth Partners. Spencer's expertise in finance has landed him appearances on CNN and CNBC, and in the Wall Street Journal and the New York Times. He's the author of the book The Cure for Money Madness, and is currently working with Sounds True on The Money and Spirit Online Workshop, an online workshop designed for integrating our spiritual and financial lives. Spencer speaks about taking back our own financial wisdom, the importance of understanding childhood messages about money, and whether it's really best to rent or buy a home. He also shows us the practice that he calls the “money breath.” (49 minutes)

Tami Simon speaks with Brent Kessel, a certified financial planner who is named one of the top wealth advisors in the United States. Along with his teaching partner, Spencer Sherman, he founded Abacus Wealth Partners. Brent's knowledge in the financial field has warranted appearances in the New York Times, Yoga Journal, and on CBS and ABC News. He's the author of It's Not About the Money one of Kipplinger's top five business books of the year. He is currently working in collaboration with Spencer Sherman and Sounds True on The Money and Spirit Workshop, an online workshop as well as a home study course. Brent speaks about the role of the unconscious mind when it comes to money, a system of archetypes he calls “The Eight Financial Archetypes.” (55 minutes)