Podcasts about Chfc

In the final episode of the series, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT bring together the core ideas explored throughout The Psychology of Money. They revisit the framework that ties the entire series together: Your thoughts shape you Your habits build you Your choices define you The conversation expands beyond investing and budgeting into fulfillment, relationships, identity, and purpose. Erik reflects on how his work as a financial planner has evolved from simply giving technical advice to helping people create meaningful behavioral change. Together, they explain why financial success is ultimately less about spreadsheets and more about psychology, self-awareness, discipline, and consistency over time. This episode serves as both a recap and a challenge: if listeners want financial freedom, they must begin paying attention not just to what they do with money — but why they do it. Episode Highlights: Erik explains that the future of financial planning is about helping clients make meaningful behavior changes, not just giving technical advice. (03:22) Dr. Matt discusses how mental health and financial health are closely connected, noting it's still overlooked in therapist training. (06:19) Erik shares that clients often hire him for technical help but find greater value in having a thought partner for financial decisions. (08:26) How a client's stated priorities, like family time, can directly conflict with their actual spending and time habits. (10:37) Dr. Matt explains how emotions act as data points revealing what matters, rather than instructions for what to do. (13:18) Dr. Matt shares an example of a 20-year-old investing $100 a month, showing the long-term power of compounding. (16:11) Erik mentions that financial success is shaped by psychology and habits as much as by numbers. (19:34) Key Quotes: “Spend less than you make, save as much as you can, and don't do anything foolish with your money. Super simple.” - Erik Garcia, CFP®, ChFC®, BFA™ “It's really our behavior and our habits that will determine our financial future so much more than our motivation, our intentions, or things that are beyond our control, like the market ups and downs.” - Dr. Matt Morris, LMFT “ Good financial habits compound more powerfully than investment returns.” - Erik Garcia, CFP®, ChFC®, BFA™  Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

In the final episode of the series, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT bring together the core ideas explored throughout The Psychology of Money. They revisit the framework that ties the entire series together: Your thoughts shape you Your habits build you Your choices define you The conversation expands beyond investing and budgeting into fulfillment, relationships, identity, and purpose. Erik reflects on how his work as a financial planner has evolved from simply giving technical advice to helping people create meaningful behavioral change. Together, they explain why financial success is ultimately less about spreadsheets and more about psychology, self-awareness, discipline, and consistency over time. This episode serves as both a recap and a challenge: if listeners want financial freedom, they must begin paying attention not just to what they do with money — but why they do it. Episode Highlights: Erik explains that the future of financial planning is about helping clients make meaningful behavior changes, not just giving technical advice. (03:22) Dr. Matt discusses how mental health and financial health are closely connected, noting it's still overlooked in therapist training. (06:19) Erik shares that clients often hire him for technical help but find greater value in having a thought partner for financial decisions. (08:26) How a client's stated priorities, like family time, can directly conflict with their actual spending and time habits. (10:37) Dr. Matt explains how emotions act as data points revealing what matters, rather than instructions for what to do. (13:18) Dr. Matt shares an example of a 20-year-old investing $100 a month, showing the long-term power of compounding. (16:11) Erik mentions that financial success is shaped by psychology and habits as much as by numbers. (19:34) Key Quotes: “Spend less than you make, save as much as you can, and don't do anything foolish with your money. Super simple.” - Erik Garcia, CFP®, ChFC®, BFA™ “It's really our behavior and our habits that will determine our financial future so much more than our motivation, our intentions, or things that are beyond our control, like the market ups and downs.” - Dr. Matt Morris, LMFT “ Good financial habits compound more powerfully than investment returns.” - Erik Garcia, CFP®, ChFC®, BFA™  Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Online gurus such as Dave Ramsey, George Kamel, and The Money Guy Show will make the claim that whole life insurance is one of the worst financial products in existence, but what to financial experts with decades of experience and credentials have to say? In this video, Caleb Guilliams sits down with one of the those experts, Dan Flanscha CFP®, CLU®, ChFC®, RICP®, LUTCF to present the academic case for whole life insurance. This almost 4-hour, 8-part course was created to address common arguments against the concept of whole life insurance and infinite banking by analyzing the mechanics, philosophies, and strategies related to integrating life insurance into a broader financial plan. Dan presents the information from an unbiased and academic perspective that will leave you understanding the core concept of having permanent life insurance as one's financial foundation for wealth.In loving memory of Dan Flanscha: Sep 30, 1963 — Jul 20, 2026Watch the Interview on Youtube for Visuals - https://youtu.be/4AXGsED2GxkWant to See If Whole Life Insurance Can Improve Your Financial Plan? Schedule Your Clarity Call Here: https://bttr.ly/bw-yt-aa-clarityWant Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-reviewWant Free Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vaultLearn More About BetterWealth: https://betterwealth.comChapters:00:00 – Introduction 00:45 – Part 1 - Life Insurance 101 46:42 – Part 2 - Top Books To Read On Life Insurance 55:34 – Part 3 - Enhancing Retirement Using life Insurance 01:40:46 – Part 4 - The Lost Opportunity Cost Debate 02:30:54 – Part 5 - Black Box Financial Planning 02:50:21 – Part 6 - Understanding Infinite Banking & Austrian Economics 03:15:38 – Part 7 - The Compound Interest Curve & Financial Efficiency 03:29:37 – Part 8 - What's Wrong With Mainstream Financial Planning 03:46:30 – ClosingDISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

How much control do we really have over our financial future? In this episode, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT explore the tension between external circumstances and personal responsibility. While economic conditions, inflation, taxes, and unexpected crises are outside anyone's control, the conversation highlights the many financial choices that still remain firmly within reach. Using concepts like “internal locus of control” and “external locus of control,” they explain how mindset shapes behavior and outcomes. Erik shares practical examples of decisions people can control — saving, spending, insurance, debt management, and lifestyle choices — while Dr. Matt explains how a sense of agency creates resilience and confidence. The episode challenges listeners to stop wasting emotional energy on uncontrollable variables and instead focus on the habits and decisions that move them forward. Episode Highlights: Erik discusses the belief that financial success can feel dictated by external forces outside someone's control. (02:19) Understanding how much control you actually have over your finances is the focus of this episode, Dr. Matt shares. (03:13) Dr. Matt explains the psychological concept of an internal locus of control, describing it as being "the captain of your own ship." (04:44) Entrepreneurs often carry a strong sense of influence and control over their financial outcomes, Erik shares. (06:47) Erik shares a friend's rule that if you can't afford something twice, you can't really afford it, using a car purchase as an example. (09:22) Dr. Matt recounts helping under-resourced clients in New Orleans save small amounts toward $100 so they'd have money to evacuate during a hurricane. (10:36) Recognizing personal control over spending and impulses, rather than adopting a victim mindset, is key to financial success, Erik shares. (13:00) Key Quotes: “Money's emotional. It's tied to fear, identity, habits, and even relationships, and we've learned that long-term financial success is as much about behavior as it is math.” - Erik Garcia, CFP®, ChFC®, BFA™ “Even the best financial plan can be undone by poor behavior, while good financial behavior has the potential to compound more powerfully than investment returns.” - Erik Garcia, CFP®, ChFC®, BFA™ “We don't have control over the weather, but we do have control over saving a little money so we can get to a destination that might be safer.” - Dr. Matt Morris, LMFT Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

How much control do we really have over our financial future? In this episode, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT explore the tension between external circumstances and personal responsibility. While economic conditions, inflation, taxes, and unexpected crises are outside anyone's control, the conversation highlights the many financial choices that still remain firmly within reach. Using concepts like “internal locus of control” and “external locus of control,” they explain how mindset shapes behavior and outcomes. Erik shares practical examples of decisions people can control — saving, spending, insurance, debt management, and lifestyle choices — while Dr. Matt explains how a sense of agency creates resilience and confidence. The episode challenges listeners to stop wasting emotional energy on uncontrollable variables and instead focus on the habits and decisions that move them forward. Episode Highlights: Erik discusses the belief that financial success can feel dictated by external forces outside someone's control. (02:19) Understanding how much control you actually have over your finances is the focus of this episode, Dr. Matt shares. (03:13) Dr. Matt explains the psychological concept of an internal locus of control, describing it as being "the captain of your own ship." (04:44) Entrepreneurs often carry a strong sense of influence and control over their financial outcomes, Erik shares. (06:47) Erik shares a friend's rule that if you can't afford something twice, you can't really afford it, using a car purchase as an example. (09:22) Dr. Matt recounts helping under-resourced clients in New Orleans save small amounts toward $100 so they'd have money to evacuate during a hurricane. (10:36) Recognizing personal control over spending and impulses, rather than adopting a victim mindset, is key to financial success, Erik shares. (13:00) Key Quotes: “Money's emotional. It's tied to fear, identity, habits, and even relationships, and we've learned that long-term financial success is as much about behavior as it is math.” - Erik Garcia, CFP®, ChFC®, BFA™ “Even the best financial plan can be undone by poor behavior, while good financial behavior has the potential to compound more powerfully than investment returns.” - Erik Garcia, CFP®, ChFC®, BFA™ “We don't have control over the weather, but we do have control over saving a little money so we can get to a destination that might be safer.” - Dr. Matt Morris, LMFT Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

I recently had the pleasure of joining Michael on the Uncommon Teams Podcast for an episode titled "From Debt to Real Wealth: Debugging Your Financial System."✨️ We had a fascinating conversation about why so many people stay stuck financially, not because they don't know what to do, but because they're focusing on the wrong starting point.If you'd like to hear our full conversation about creating financial systems that support your life, not just your bank account, I invite you to listen to my conversation on the Uncommon Theme Podcast, "From Debt to Real Wealth: Debugging Your Financial System."

I recently had the pleasure of joining Michael on the Uncommon Teams Podcast for an episode titled "From Debt to Real Wealth: Debugging Your Financial System."✨️ We had a fascinating conversation about why so many people stay stuck financially, not because they don't know what to do, but because they're focusing on the wrong starting point.If you'd like to hear our full conversation about creating financial systems that support your life, not just your bank account, I invite you to listen to my conversation on the Uncommon Theme Podcast, "From Debt to Real Wealth: Debugging Your Financial System."

Money is rarely just about numbers inside a relationship. In this episode, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT unpack why financial conflict in marriages and partnerships is often rooted in deeper emotional needs like trust, security, control, communication, and vulnerability. Drawing from years of counseling couples and advising families, they discuss financial infidelity, power imbalances, differing money philosophies, and the emotional meaning attached to spending and saving. Rather than focusing solely on budgets and spreadsheets, the conversation centers on how couples can create healthier conversations around money — with more compassion, curiosity, and honesty. This episode helps listeners understand that strong financial partnerships are built less on perfect math and more on trust, communication, and shared purpose. Episode Highlights: Erik recounts the phone call years ago that sparked his ongoing collaboration with Dr. Dr. Matt Morris. (02:14) Financial infidelity surfaces in couples counseling as a serious, though less frequent, presenting issue. (03:23) Money problems in couples counseling are rarely about the money itself, but a disguise for deeper relationship issues. (07:34) Dr. Matt explains how people protect themselves financially in relationships with earning discrepancies, from squirreling away money to becoming controlling or people-pleasing. (08:59) Erik shares that even as a financial planner married almost 25 years, money has still been a point of pain in his own marriage. (10:44) Dr. Matt explains that financial planners should first determine whether a couple's conflict is a technical money issue or an emotional relational one. (12:14) Money conversations go further when approached with care, curiosity, and compassion instead of criticism. (14:56) Key Quotes: “We're going to have to learn to talk about money in new and different ways.” - Dr. Matt Morris, LMFT “Money is like this persistent stream that kind of runs in the background that impacts everything.” - Erik Garcia, CFP®, ChFC®, BFA™ “As a financial planner, I think when a couple comes to you, you need to be thinking about is this a problem that relates to the technicalities of money management.” - Dr. Matt Morris, LMFT Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Money is rarely just about numbers inside a relationship. In this episode, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT unpack why financial conflict in marriages and partnerships is often rooted in deeper emotional needs like trust, security, control, communication, and vulnerability. Drawing from years of counseling couples and advising families, they discuss financial infidelity, power imbalances, differing money philosophies, and the emotional meaning attached to spending and saving. Rather than focusing solely on budgets and spreadsheets, the conversation centers on how couples can create healthier conversations around money — with more compassion, curiosity, and honesty. This episode helps listeners understand that strong financial partnerships are built less on perfect math and more on trust, communication, and shared purpose. Episode Highlights: Erik recounts the phone call years ago that sparked his ongoing collaboration with Dr. Dr. Matt Morris. (02:14) Financial infidelity surfaces in couples counseling as a serious, though less frequent, presenting issue. (03:23) Money problems in couples counseling are rarely about the money itself, but a disguise for deeper relationship issues. (07:34) Dr. Matt explains how people protect themselves financially in relationships with earning discrepancies, from squirreling away money to becoming controlling or people-pleasing. (08:59) Erik shares that even as a financial planner married almost 25 years, money has still been a point of pain in his own marriage. (10:44) Dr. Matt explains that financial planners should first determine whether a couple's conflict is a technical money issue or an emotional relational one. (12:14) Money conversations go further when approached with care, curiosity, and compassion instead of criticism. (14:56) Key Quotes: “We're going to have to learn to talk about money in new and different ways.” - Dr. Matt Morris, LMFT “Money is like this persistent stream that kind of runs in the background that impacts everything.” - Erik Garcia, CFP®, ChFC®, BFA™ “As a financial planner, I think when a couple comes to you, you need to be thinking about is this a problem that relates to the technicalities of money management.” - Dr. Matt Morris, LMFT Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Recently I had the opportunity to be a guest on John Nagle's podcast, "Dream Home Podcast". During our conversation we discuss how many of our money habits, fears, and beliefs started when we were very young. Watch the full video TODAY on John's channel: https://youtu.be/j7bDvldBMTQ?si=W49SHWPbltiGjUIYDiscover the power of a heart-centered approach! Join my free workshop where you'll share your challenges and gain valuable insights to move forward. Sign up for the workshop here: https://www.impactyourlifenow.com/impact-workshop-registration-evergreen-socialsCheck out this link to get a copy of one (or all) of my three books! https://juliemurphy.com/storeJoin Julie on her mission to heal the world financially.Julie Murphy CLU, ChFC, CFP®, is an independent CERTIFIED FINANCIAL PLANNER™, author, and media expert who wants you to heal your emotions to prosper financially and in life.To Schedule Julie on Your YouTube or Podcast Show... Please email Julie at Julie@JulieMurphy.comhttps://juliemurphy.com/Join our community on social media!http://facebook.com/AwakenWithJuliehttps://www.tiktok.com/@awakenwithjuliehttp://Instagram.com/AwakenWithJuliehttps://www.youtube.com/c/JulieMurphyhttps://anchor.fm/juliemurphyhttps://www.linkedin.com/in/juliemariemurphyTOO MANY PEOPLE HAVE FEARS AND OTHER UNHEALTHY EMOTIONS AROUND MONEY. Whether you were born rich, poor, or somewhere in between, money has always been an integral part of your life. However, too many people have fears and other unhealthy emotions around money. These debilitating beliefs are often subconscious, shaped by a lifetime of early experiences seen through other people—not based on objective reality. So can you break free from these restrictive beliefs and emotions, be able to “dream big,”—and actually accomplish your hopes and dreams? The answer is yes: Now, there is a way to harness the powerful energy around money and build real wealth.Beyond Your Wildest Dreams, LLC has no affiliation with LPL Financial, Sequoia Wealth Management, or JMC Wealth Management, Inc.

Everyone has financial regrets. In this episode, Erik and Dr. Matt tackle the emotional weight people carry from past financial decisions — debt, overspending, failed investments, divorce, financial scams, and seasons of instability. The real danger, they explain, isn't the mistake itself; it's allowing the mistake to become an identity. Dr. Matt introduces the difference between guilt and shame: “I made a bad decision” versus “I am bad with money.” Together, they explore how language, self-perception, and emotional patterns influence future behavior. Erik shares examples of clients who rebuilt their financial lives after major setbacks, proving that financial mistakes can become chapters of growth rather than permanent labels. The episode is ultimately about hope, ownership, and reclaiming the belief that your financial story is still being written. Episode Highlights: Dr. Matt discusses the range of financial mistakes he sees in his practice, including overspending and secret debt kept from a spouse. (03:11) Dr. Matt shares the costly timeshare he and his wife bought while on their honeymoon in Mexico. (04:38) A language strategy for separating personal identity from a past financial mistake. (07:52) Dr. Matt mentions that reframing a mistake as "a chapter, not the whole story" is a simple but powerful shift. (10:54) Erik shares an analogy about his CrossFit coach calling him an athlete and how that language shaped his choices. (12:01) Erik concludes that a past financial mistake doesn't determine your future and that it's never too late to build wealth. (14:19) Key Quotes: “There is a difference between a bad decision and feeling some regret about that decision versus shame over that decision.” - Dr. Matt Morris, LMFT “You want to start separating yourself from the problem. And the first way to do that is linguistically, using your language.” - Dr. Matt Morris, LMFT “If you make a small plan and you strategize on small wins and you celebrate those small wins as you go, that reinforces this idea that, hey, I can do this. I can overcome this, that that is a chapter. The story is still being written.” - Erik Garcia, CFP®, ChFC®, BFA™ Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Everyone has financial regrets. In this episode, Erik and Dr. Matt tackle the emotional weight people carry from past financial decisions — debt, overspending, failed investments, divorce, financial scams, and seasons of instability. The real danger, they explain, isn't the mistake itself; it's allowing the mistake to become an identity. Dr. Matt introduces the difference between guilt and shame: “I made a bad decision” versus “I am bad with money.” Together, they explore how language, self-perception, and emotional patterns influence future behavior. Erik shares examples of clients who rebuilt their financial lives after major setbacks, proving that financial mistakes can become chapters of growth rather than permanent labels. The episode is ultimately about hope, ownership, and reclaiming the belief that your financial story is still being written. Episode Highlights: Dr. Matt discusses the range of financial mistakes he sees in his practice, including overspending and secret debt kept from a spouse. (03:11) Dr. Matt shares the costly timeshare he and his wife bought while on their honeymoon in Mexico. (04:38) A language strategy for separating personal identity from a past financial mistake. (07:52) Dr. Matt mentions that reframing a mistake as "a chapter, not the whole story" is a simple but powerful shift. (10:54) Erik shares an analogy about his CrossFit coach calling him an athlete and how that language shaped his choices. (12:01) Erik concludes that a past financial mistake doesn't determine your future and that it's never too late to build wealth. (14:19) Key Quotes: “There is a difference between a bad decision and feeling some regret about that decision versus shame over that decision.” - Dr. Matt Morris, LMFT “You want to start separating yourself from the problem. And the first way to do that is linguistically, using your language.” - Dr. Matt Morris, LMFT “If you make a small plan and you strategize on small wins and you celebrate those small wins as you go, that reinforces this idea that, hey, I can do this. I can overcome this, that that is a chapter. The story is still being written.” - Erik Garcia, CFP®, ChFC®, BFA™ Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Chet Bennetts, PhD, CFP®, ChFC®, CLF®, CLU®, RICP®, and cofounders of WolfBridge Wealth Michael Kothakota and Jessica Wery, PhD, discuss the implementation of research outcomes in financial services practices. They look at how firms can determine the value of research, the best methods of bringing this discussion to clients, and more. To learn more about single-case research, see Kothakota and Wery's paper! Access all episodes now at TheAmericanCollege.edu/Shares. 

Most people believe financial transformation starts with motivation. ⁠Erik Garcia, CFP®, ChFC®, BFA™⁠ and ⁠Dr. Matt Morris, LMFT⁠ argue the opposite: motivation fades, but habits compound. In this episode, they explain why relying on bursts of inspiration or willpower almost always leads to inconsistency — especially when it comes to money. Using stories from fitness, personal finance, and everyday life, they break down how systems and routines quietly shape long-term outcomes. From automating savings and debt payments to separating spending accounts and reducing decision fatigue, listeners learn practical ways to create financial habits that work even when emotions and motivation disappear. This episode reinforces one of the core themes of the series: long-term financial success is behavioral more than intellectual. Episode Highlights: Erik explains why motivation is a poor long-term financial strategy. (04:41) Dr. Matt shares that habits and systems are the real answer to lasting financial change. (05:49) Erik connects accountability and environment-building to showing up consistently, using his gym experience as an example. (08:27) Automating savings removes the need to make the same decision repeatedly. (09:14) Dollar cost averaging is explained and how automated investing helps combat emotional reactions to market swings. (10:42) Automating debt payments eliminates willpower battles when tempting expenses arise. (12:48) A one-week waiting rule is shared as a practical way to curb stress-driven impulse shopping. (13:52) Erik walks through his budgeting system of separating fixed expenses from variable spending into different accounts. (15:31) Dr. Matt reflects on how good financial systems become boring in the best way, eliminating repeated emotional decision-making. (17:26) Erik recommends keeping savings at a different bank to create friction and reduce the urge to raid savings impulsively. (19:00) Building systems tailored to your own tendencies works better than following generic budgeting advice. (20:01) Dr. Matt closes by reinforcing that willpower has limits and lasting financial progress comes from habits and systems. (21:09) Key Quotes: “Motivation deals with willpower, and generally speaking, we have willpower to do things in bursts, but anything that takes energy is really, really, really hard to sustain.” - Erik Garcia, CFP®, ChFC®, BFA™ “You need habits. You need patterns. You will not rise to the level of your financial intentions. You will fall to the level of your financial systems.” - Dr. Dr. Matt Morris, LMFT “It really helps to have a disinterested third party to help you think. We have blind spots, and oftentimes we don't know what we need to do.” - Erik Garcia, CFP®, ChFC®, BFA™ Resources Mentioned: ⁠Dr. Matt Morris, LMFT⁠ ⁠Dr. Matt Morris & Associates⁠ ⁠Erik Garcia, CFP®, ChFC®, BFA™⁠ ⁠Xavier Angel, CFP®, ChFC, CLTC⁠ ⁠Plan Wisely Wealth Advisors⁠

It may be challenging for advisors to help clients navigate the much-debated world of cryptocurrency. In this episode, MDRT members share how much they have encountered this investment strategy and how they discuss it with clients, especially if crypto has been successful for them. You'll hear from: Chi Teng Han, ChFC/S, CIAM Nadia Wijatno, ChFC, CLU Episode breakdown: 0:25 – Identifying the unpredictability of anything unregulated 1:12 – Why I don't convince someone not to do something that's worked for them 2:17 – The importance of learning from the pain of financial loss 4:27 – The danger of competing with crypto 6:26 – Helping clients separate public success stories from unknown failures 8:05 – Deciding which crypto barons to work with

Most people believe financial transformation starts with motivation. Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT argue the opposite: motivation fades, but habits compound. In this episode, they explain why relying on bursts of inspiration or willpower almost always leads to inconsistency — especially when it comes to money. Using stories from fitness, personal finance, and everyday life, they break down how systems and routines quietly shape long-term outcomes. From automating savings and debt payments to separating spending accounts and reducing decision fatigue, listeners learn practical ways to create financial habits that work even when emotions and motivation disappear. This episode reinforces one of the core themes of the series: long-term financial success is behavioral more than intellectual. Episode Highlights: Erik explains why motivation is a poor long-term financial strategy. (04:41) Dr. Matt shares that habits and systems are the real answer to lasting financial change. (05:49) Erik connects accountability and environment-building to showing up consistently, using his gym experience as an example. (08:27) Automating savings removes the need to make the same decision repeatedly. (09:14) Dollar cost averaging is explained and how automated investing helps combat emotional reactions to market swings. (10:42) Automating debt payments eliminates willpower battles when tempting expenses arise. (12:48) A one-week waiting rule is shared as a practical way to curb stress-driven impulse shopping. (13:52) Erik walks through his budgeting system of separating fixed expenses from variable spending into different accounts. (15:31) Dr. Matt reflects on how good financial systems become boring in the best way, eliminating repeated emotional decision-making. (17:26) Erik recommends keeping savings at a different bank to create friction and reduce the urge to raid savings impulsively. (19:00) Building systems tailored to your own tendencies works better than following generic budgeting advice. (20:01) Dr. Matt closes by reinforcing that willpower has limits and lasting financial progress comes from habits and systems. (21:09) Key Quotes: “Motivation deals with willpower, and generally speaking, we have willpower to do things in bursts, but anything that takes energy is really, really, really hard to sustain.” - Erik Garcia, CFP®, ChFC®, BFA™ “You need habits. You need patterns. You will not rise to the level of your financial intentions. You will fall to the level of your financial systems.” - Dr. Dr. Matt Morris, LMFT “It really helps to have a disinterested third party to help you think. We have blind spots, and oftentimes we don't know what we need to do.” - Erik Garcia, CFP®, ChFC®, BFA™ Resources Mentioned: Dr. Matt Morris, LMFT Dr. Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

A client came in with statements from more than ten different financial institutions. Her parents had passed away within six months of each other. The paperwork took nearly a year to sort through — and she later told John she never had the proper time to grieve because she was so buried in the chaos they left behind.That story drives everything about how John Pavelka runs his practice. After nearly 30 years in financial services, John has built a model around one question most advisors never ask deeply enough: What's important to you — and why? In this episode, John shares the frameworks, client stories, and hard-won lessons behind his book The Power of WHY: Transforming Your Life and Your Wealth.Gabe and John cover the difference between building wealth and giving it purpose, the emotional traps that derail even sophisticated investors, and why the flip from saver to spender is one of the hardest transitions a client makes — and how John helps them make it.About John PavelkaJohn Pavelka, CFP®, ChFC®, CLU®, CEPA®, is the Managing Partner of The Cities Private Wealth Group, a private wealth advisory practice affiliated with Raymond James Financial Services in Bettendorf, Iowa. With nearly 30 years of experience in financial services, John leads a 15-person team that manages close to $700 million in assets. His team has been recognized on the Forbes Best-in-State Wealth Management Teams list from 2023 through 2025. He is the author of The Power of WHY: Transforming Your Life and Your Wealth.What We CoverWhy the firm's guiding question — "What's important to you?" — goes far deeper than it sounds, and how John keeps peeling back the layers until he reaches the why behind the whatThe four-bucket strategy John uses to give every dollar a specific role — and the story of a client who walked into a meeting worried about a roof, a wedding, and a 20% market drop, and walked out hugging himWhy successful people so often feel disconnected from their wealth — and what John calls the "brother-in-law syndrome" that quietly derails even savvy investorsThe emotional wall between saving and spending in retirement, and why some clients need literal permission to book the trip or fly first classWhy John calls estate planning "an act of love" — and the statistic that 34% of millionaires don't have a willHow proactive tax planning (not just annual returns) saved one client over a million dollars in taxes his daughter would otherwise have inheritedResources MentionedBook: The Power of WHY: Transforming Your Life and Your Wealth by John PavelkaConnect with John PavelkaBook Website: thepowerofwhybook.comFirm website: tcpwg.comEmail: team@tcpwg.comSupport the show

I had a great time talking with Adam from The Road Podcast! We get into why so many of us make the same money mistakes on repeat — not because we're “bad with money,” but because we're trying to fix something emotionally underneath it all.During this podcast we discussed:- Why money behavior is often a coping mechanism, not a logic problem- The idea of a “leaky container” (and how it shows up as overspending/debt)- Why paying with cards feels like “funny money” compared to cashAnd so much more!For the full episode, check out The Road Podcast on YouTube: https://youtu.be/86kHHpe0WAI?si=xSsrs46b7uePi_BeDiscover the power of a heart-centered approach! Join my free workshop where you'll share your challenges and gain valuable insights to move forward. Sign up for the workshop here: https://www.impactyourlifenow.com/impact-workshop-registration-evergreen-socialsGet my audio book! https://www.impactyourlifenow.com/ayw-book-order-pageThe Four Spiritual Laws of Money: https://www.impactyourlifenow.com/the-4-spiritual-laws-of-moneyJoin Julie on her mission to heal the world financially.Julie Murphy CLU, ChFC, CFP®, is an independent CERTIFIED FINANCIAL PLANNER™, author, and media expert who wants you to heal your emotions to prosper financially and in life.To Schedule Julie on Your YouTube or Podcast Show... Please email Julie at Julie@JulieMurphy.comhttps://juliemurphy.com/Join our community on social media!http://facebook.com/AwakenWithJuliehttps://www.tiktok.com/@awakenwithjuliehttp://Instagram.com/AwakenWithJuliehttps://www.youtube.com/c/JulieMurphyhttps://www.linkedin.com/in/juliemariemurphyTOO MANY PEOPLE HAVE FEARS AND OTHER UNHEALTHY EMOTIONS AROUND MONEY. Whether you were born rich, poor, or somewhere in between, money has always been an integral part of your life. However, too many people have fears and other unhealthy emotions around money. These debilitating beliefs are often subconscious, shaped by a lifetime of early experiences seen through other people—not based on objective reality. So can you break free from these restrictive beliefs and emotions, be able to “dream big,”—and actually accomplish your hopes and dreams? The answer is yes: Now, there is a way to harness the powerful energy around money and build real wealth.Beyond Your Wildest Dreams, LLC has no affiliation with LPL Financial, Sequoia Wealth Management, or JMC Wealth Management, Inc.

Money is emotional — and in this episode, ⁠Erik Garcia, CFP®, ChFC®, BFA™⁠ and ⁠Dr. Matt Morris, LMFT⁠ explore why emotions have such a powerful influence on financial behavior. From market volatility and economic uncertainty to comparison, insecurity, and fear of failure, people rarely make purely rational financial decisions. Instead, emotions often drive reactions that conflict with long-term goals. Dr. Matt introduces a powerful framework: emotions are signals, not commands. Fear, anxiety, and stress may reveal that something matters deeply, but they should not automatically dictate behavior. Erik shares real examples from his work as a financial planner, explaining how emotional reactions during market downturns or financial stress can sabotage otherwise solid plans. The episode offers practical tools for slowing down emotional reactions, identifying what feelings are trying to communicate, and responding with intention rather than panic. Episode Highlights: Dr. Matt explains that emotions drive thoughts and behaviors, making it essential to pay attention to the feelings behind financial actions. (02:22) Dr. Matt clarifies that people tend to treat emotions as facts rather than signals worth examining. (03:55) Dr. Matt shares that emotions are good data points but not directives. (05:17) Erik recalls choosing to validate clients' fear during a market crisis rather than dismissing it with "don't panic." (07:06) Dr. Matt recounts calling Erik during a market drop and how Erik's grounding in market history helped calm his fear. (08:12) Erik discusses how social media and financial content creators trigger emotional responses that push people toward decisions inconsistent with their values. (09:39) Dr. Matt explains that financial fear often points to a deeper concern such as "Will I have enough?" rather than surface-level market activity. (13:55) Erik emphasizes that emotions have legitimacy and decisions should align with what matters most rather than being hijacked by emotion. (14:44) Dr. Matt recommends using an emotions wheel to name feelings precisely, which slows reactive thinking. (16:19) Erik believes that talking through high-stakes emotional moments with a professional, whether a therapist or financial planner, is especially valuable. (18:17 Key Quotes: “Emotions are good data but they're not directives. They're not marching orders.” - Dr. Matt Morris, LMFT “Let's make sure that we make a good decision that's consistent with the things that are most important to you.” - Erik Garcia, CFP®, ChFC®, BFA™ “We think about feelings as being signals that something is really important to you. And then we want to be able to connect that to the thing that's really important.” - Dr. Matt Morris, LMFT Resources Mentioned: ⁠Dr. Matt Morris, LMFT⁠ ⁠Matt Morris & Associates⁠ ⁠Erik Garcia, CFP®, ChFC®, BFA™⁠ ⁠Xavier Angel, CFP®, ChFC, CLTC⁠ ⁠Plan Wisely Wealth Advisors⁠

Money is emotional — and in this episode, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT explore why emotions have such a powerful influence on financial behavior. From market volatility and economic uncertainty to comparison, insecurity, and fear of failure, people rarely make purely rational financial decisions. Instead, emotions often drive reactions that conflict with long-term goals. Dr. Matt introduces a powerful framework: emotions are signals, not commands. Fear, anxiety, and stress may reveal that something matters deeply, but they should not automatically dictate behavior. Erik shares real examples from his work as a financial planner, explaining how emotional reactions during market downturns or financial stress can sabotage otherwise solid plans. The episode offers practical tools for slowing down emotional reactions, identifying what feelings are trying to communicate, and responding with intention rather than panic. Episode Highlights: Dr. Matt explains that emotions drive thoughts and behaviors, making it essential to pay attention to the feelings behind financial actions. (03:03) Dr. Matt clarifies that people tend to treat emotions as facts rather than signals worth examining. (04:44) Dr. Matt shares that emotions are good data points but not directives. (06:05) Erik recalls choosing to validate clients' fear during a market crisis rather than dismissing it with "don't panic." (07:52) Dr. Matt recounts calling Erik during a market drop and how Erik's grounding in market history helped calm his fear. (09:00) Erik discusses how social media and financial content creators trigger emotional responses that push people toward decisions inconsistent with their values. (10:48) Dr. Matt explains that financial fear often points to a deeper concern such as "Will I have enough?" rather than surface-level market activity. (14:24) Erik emphasizes that emotions have legitimacy and decisions should align with what matters most rather than being hijacked by emotion. (15:31) Dr. Matt recommends using an emotions wheel to name feelings precisely, which slows reactive thinking. (17:07) Erik believes that talking through high-stakes emotional moments with a professional, whether a therapist or financial planner, is especially valuable. (19:01) Key Quotes: “Emotions are good data but they're not directives. They're not marching orders.” - Dr. Matt Morris, LMFT “Let's make sure that we make a good decision that's consistent with the things that are most important to you.” - Erik Garcia, CFP®, ChFC®, BFA™ “We think about feelings as being signals that something is really important to you. And then we want to be able to connect that to the thing that's really important.” - Dr. Matt Morris, LMFT Resources Mentioned: Dr. Matt Morris, LMFT Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Join Lindsey Lewis, MBA, CFP®, ChFC®, as she talks retirement, tax planning, practice management, and more with a whole host of veteran advisors. Filmed at Horizons 2026, Lewis will ask these industry experts to share their insights, tips, and tricks for helping clients meet their goals and form stronger relationships between you and the people you serve. Find all episodes at TheAmericanCollege.edu/Shares.

Are your money habits secretly holding you back from true financial freedom? Have you ever wondered why you can't create the wealth, ease, or security you expected? What if the problem isn't your numbers — but your alignment?If so, check out The Amy Edwards Show for the full episode: https://youtu.be/VPMjSMpZB1M?si=nHEcVKr96-jc1IqaDiscover the power of a heart-centered approach! Join my free workshop where you'll share your challenges and gain valuable insights to move forward. Sign up for the workshop here: https://www.impactyourlifenow.com/impact-workshop-registration-evergreen-socialsGet my audio book! https://www.impactyourlifenow.com/ayw-book-order-pageThe Four Spiritual Laws of Money: https://www.impactyourlifenow.com/the-4-spiritual-laws-of-moneyJoin Julie on her mission to heal the world financially.Julie Murphy CLU, ChFC, CFP®, is an independent CERTIFIED FINANCIAL PLANNER™, author, and media expert who wants you to heal your emotions to prosper financially and in life.To Schedule Julie on Your YouTube or Podcast Show... Please email Julie at Julie@JulieMurphy.comhttps://juliemurphy.com/Join our community on social media!http://facebook.com/AwakenWithJuliehttps://www.tiktok.com/@awakenwithjuliehttp://Instagram.com/AwakenWithJuliehttps://www.youtube.com/c/JulieMurphyhttps://anchor.fm/juliemurphyhttp://Twitter.com/AwakenWithJuliehttps://www.linkedin.com/in/juliemariemurphyTOO MANY PEOPLE HAVE FEARS AND OTHER UNHEALTHY EMOTIONS AROUND MONEY. Whether you were born rich, poor, or somewhere in between, money has always been an integral part of your life. However, too many people have fears and other unhealthy emotions around money. These debilitating beliefs are often subconscious, shaped by a lifetime of early experiences seen through other people—not based on objective reality. So can you break free from these restrictive beliefs and emotions, be able to “dream big,”—and actually accomplish your hopes and dreams? The answer is yes: Now, there is a way to harness the powerful energy around money and build real wealth.Beyond Your Wildest Dreams, LLC has no affiliation with LPL Financial, Sequoia Wealth Management, or JMC Wealth Management, Inc.

Retirement planning can feel clear on paper until market swings, taxes, inflation, and longevity enter the picture. What if the real issue isn't picking the right product, but knowing which problem you're trying to solve first? In this episode, Iván Watanabe and Evan Wohl talk with Neal Brincefield, RICP, CLU, ChFC, CExP, Financial Advisor at Consolidated Planning, about Monte Carlo analysis, sequence of returns risk, and retirement income design. Neal explains why simulations should be used as stress tests, not crystal balls, and how a balanced strategy can help reduce pressure on a portfolio. Key takeaways: Why Monte Carlo analysis can create confidence, but shouldn't be treated as a crystal ball How the order of investment returns can reshape retirement income planning outcomes Why structural income planning can be more useful than chasing higher portfolio returns How lifetime income and liquid assets can help reduce pressure during market declines Why defining the planning problem first can make product decisions feel less stressful And more! Connect with Iván Watanabe: Opus Private Client, LLC  iwatanabe@opus-pc.com LinkedIn: Iván Watanabe YouTube: OPUS Private Client, LLC Connect with Evan Wohl: Opus Private Client, LLC  ewohl@opus-pc.com  LinkedIn: Evan Wohl YouTube: OPUS Private Client, LLC Connect with Our Guest: LinkedIn: Neal Brincefield Website: Consolidated Planning About Our Guest: Neal Brincefield has dedicated his professional career to helping people realize their full financial potential by both working with those individuals directly and by recruiting, training, and coaching hundreds of other financial advisors to do the same. Neal started in the financial services industry with Consolidated Planning, Inc. in 2005, initially as an advisor and has maintained that role ever since. In addition to that 1st role, Neal has also worn the hats of top manager, case coach, agency head and national trainer. In those capacities, he has had the opportunity to work with hundreds of Guardian FRs on thousands of cases to refine their process, improve their results and better serve their clients.  In 2017, Neal was retained as a special field consultant by Guardian to lead their effort around the company’s industry-leading planning system, The Living Balance Sheet®. Neal’s mission in leading LBS into the future is to continue to provide and refine: 1) An incredible experience for clients 2) A powerful set of planning tools for advisors and 3) An unparalleled recruiting and productivity tool for agency leaders. Under Neal's stewardship of LBS, Guardian continues to be the only company in the industry whose planning system is led by members of its field force, underscoring Guardian's commitment to supporting its Financial Representatives and by extension the clients whom they've committed their careers to serve. Neal lives in Chapel Hill, NC with his wife Sarah and their 3 children.

Are your money habits secretly holding you back from true financial freedom? Have you ever wondered why you can't create the wealth, ease, or security you expected? What if the problem isn't your numbers — but your alignment?If so, check out The Amy Edwards Show for the full episode: https://youtu.be/VPMjSMpZB1M?si=nHEcVKr96-jc1IqaDiscover the power of a heart-centered approach! Join my free workshop where you'll share your challenges and gain valuable insights to move forward. Sign up for the workshop here: https://www.impactyourlifenow.com/impact-workshop-registration-evergreen-socialsGet my audio book! https://www.impactyourlifenow.com/ayw-book-order-pageThe Four Spiritual Laws of Money: https://www.impactyourlifenow.com/the-4-spiritual-laws-of-moneyJoin Julie on her mission to heal the world financially.Julie Murphy CLU, ChFC, CFP®, is an independent CERTIFIED FINANCIAL PLANNER™, author, and media expert who wants you to heal your emotions to prosper financially and in life.To Schedule Julie on Your YouTube or Podcast Show... Please email Julie at Julie@JulieMurphy.comhttps://juliemurphy.com/Join our community on social media!http://facebook.com/AwakenWithJuliehttps://www.tiktok.com/@awakenwithjuliehttp://Instagram.com/AwakenWithJuliehttps://www.youtube.com/c/JulieMurphyhttps://anchor.fm/juliemurphyhttp://Twitter.com/AwakenWithJuliehttps://www.linkedin.com/in/juliemariemurphyTOO MANY PEOPLE HAVE FEARS AND OTHER UNHEALTHY EMOTIONS AROUND MONEY. Whether you were born rich, poor, or somewhere in between, money has always been an integral part of your life. However, too many people have fears and other unhealthy emotions around money. These debilitating beliefs are often subconscious, shaped by a lifetime of early experiences seen through other people—not based on objective reality. So can you break free from these restrictive beliefs and emotions, be able to “dream big,”—and actually accomplish your hopes and dreams? The answer is yes: Now, there is a way to harness the powerful energy around money and build real wealth.Beyond Your Wildest Dreams, LLC has no affiliation with LPL Financial, Sequoia Wealth Management, or JMC Wealth Management, Inc.

Imagine going into business with a partner who tells you upfront: at the end of every year, I'll decide how much of the profits I keep. You'd never agree to that. But Ira Work says millions of Americans already did the day they opened a traditional IRA.That's one of several hard truths Ira Work, a 42-year financial industry veteran, addresses head-on in his new book and in this conversation. After 17 years working for firms like Smith Barney and Shearson Lehman Brothers, Ira walked away from the traditional brokerage model — not because he failed, but because he saw how it was failing clients.In this episode, Ira breaks down four persistent myths that quietly erode investor wealth, explains why tax-deferred retirement accounts may carry more risk than most people realize, and makes the case for financial coaching over traditional advising. Listeners will walk away with a clearer picture of what questions to ask, what costs to watch for, and what it actually means to have a financial plan built around their life and not just their portfolio.About Ira WorkIra Work is an Investor Coach and founder at First Financial Coaching, Inc., with over 42 years of experience in the financial industry. He holds multiple advanced designations including ChFC, RFC, AIF, AAMS, CASL, and CRPS. After spending his first 17 years at major wirehouses, Ira transitioned to independent financial coaching focused on investor education, behavioral science, and evidence-based investing. He is the author of The Investor's Coach: How You Can Rise Above Wall Street's Myths and Build Real Wealth.What We CoverWhy stock picking and market timing feel logical in the moment but fail investors over timeThe real reason 10-year fund track records are nearly meaningless for picking investmentsHow hidden trading costs inflate what investors actually pay beyond the stated expense ratioThe IRA tax trap: why deferring taxes today could mean paying far more tomorrow if rates riseThe one question Ira asks every new client that most advisors never think to raiseThe difference between a financial advisor and a financial coach, and why one asks about your life while the other asks about your moneyResources MentionedThe Investor's Coach by Ira Work — available on AmazonCome Back America by David Walker (U.S. Comptroller General) — referenced in the tax trap discussionNavigating the Fog of Investing — documentary film featuring Morningstar's CEO on fund ratingsConnect with Ira WorkWebsite: irawork.com / firstfinancialcoach.comEmail: irawork@firstfinancialcoach.comSupport the show

In the opening episode of The Psychology of Money series, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT explore one of the most overlooked drivers of financial success: mindset. Long before people learn how to invest, budget, or build wealth, they develop internal “money scripts” — subconscious beliefs shaped by childhood experiences, family dynamics, culture, and personal history. Together, Erik and Matt unpack how these invisible beliefs influence everything from spending habits and lifestyle expectations to fear, scarcity, ambition, and financial anxiety. Through relatable stories, humor, and real-world examples, they explain why wealth-building is often less about intelligence and more about the mental filters through which we interpret money. The episode challenges listeners to begin identifying the stories they carry about money — and whether those stories are helping or hurting their future. Episode Highlights: Erik explains how mindset functions as a constant background filter for the way people think about and approach money. (03:00) Dr. Matt discusses how scarcity mindset surfaces in couples when partners feel they will never have enough or get ahead. (08:50) Building awareness and changing behavior are the keys to rewiring a money mindset. (14:40) Erik shares how the most valuable client conversations focus on mindset and behavior rather than technical financial advice. (16:50) Dr. Matt shares a starting point for exploring money scripts by reflecting on what a family communicated about money. (18:20) Key Quotes: "Building wealth, having financial success has as much to do with behavior, with managing emotions, all that psychology stuff than it does with the technical stuff about money" - Erik Garcia, CFP®, ChFC®, BFA™ "There's a script running in the background. We don't just act rationally with money. We are acting out a story about our beliefs about money." - Dr. Matt Morris, LMFT "We're using mindset and script synonymously, so take time to understand your money scripts. They probably came from your family of origin, so take some time. If you have a spouse, take some time to understand theirs also." - Dr. Matt Morris, LMFT Resources Mentioned: Dr. Matt Morris, LMFT Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

In the opening episode of The Psychology of Money series, Erik Garcia, CFP®, ChFC®, BFA™ and Dr. Matt Morris, LMFT explore one of the most overlooked drivers of financial success: mindset. Long before people learn how to invest, budget, or build wealth, they develop internal “money scripts” — subconscious beliefs shaped by childhood experiences, family dynamics, culture, and personal history. Together, Erik and Matt unpack how these invisible beliefs influence everything from spending habits and lifestyle expectations to fear, scarcity, ambition, and financial anxiety. Through relatable stories, humor, and real-world examples, they explain why wealth-building is often less about intelligence and more about the mental filters through which we interpret money. The episode challenges listeners to begin identifying the stories they carry about money — and whether those stories are helping or hurting their future. Episode Highlights: Erik explains how mindset functions as a constant background filter for the way people think about and approach money. (03:00) Dr. Matt discusses how scarcity mindset surfaces in couples when partners feel they will never have enough or get ahead. (08:50) Building awareness and changing behavior are the keys to rewiring a money mindset. (14:40) Erik shares how the most valuable client conversations focus on mindset and behavior rather than technical financial advice. (16:50) Dr. Matt shares a starting point for exploring money scripts by reflecting on what a family communicated about money. (18:20) Key Quotes: "Building wealth, having financial success has as much to do with behavior, with managing emotions, all that psychology stuff than it does with the technical stuff about money" - Erik Garcia, CFP®, ChFC®, BFA™ "There's a script running in the background. We don't just act rationally with money. We are acting out a story about our beliefs about money." - Dr. Matt Morris, LMFT "We're using mindset and script synonymously, so take time to understand your money scripts. They probably came from your family of origin, so take some time. If you have a spouse, take some time to understand theirs also." - Dr. Matt Morris, LMFT Resources Mentioned: Dr. Matt Morris, LMFT Matt Morris & Associates Erik Garcia, CFP®, ChFC®, BFA™ Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

In this episode, Erik P. Garcia, CFP®, ChFC®, BFA™, and Xavier J. Angel, CFP®, ChFC®, unpack a misunderstood truth about building wealth: real wealth takes time. Picking up from their earlier conversations on discipline, behavior, and consistency, they dive into the power of compounding—not just financially, but professionally and personally as well. Through stories, analogies, and practical examples, they challenge the myth that wealth is built overnight and instead show how patience, endurance, and staying invested are what truly create long-term success. From the famous “penny doubled every day” example to lessons about career growth, relationships, and reputation, this conversation highlights how the biggest rewards often come after years of unseen work. Erik and Xavier explain why consistency matters more than quick wins, why emotional discipline is critical during slow seasons, and how time rewards those willing to stay in the game. Whether you're building financial wealth, developing skills, or growing a business, this episode is a reminder that compounding doesn't reward urgency—it rewards endurance. Episode Highlights: Xavier frames time as the series' "final ingredient," the force that turns discipline into stability and consistency into growth. (01:45) Erik discusses compound interest as one of the most powerful forces in finance, noting that every Stuff About Money guest asked what they wish they'd known sooner points to the same answer. (05:20) Erik explains the penny-doubling example, showing how a single cent doubled every day for 30 days compounds into more than five million dollars. (08:24) Xavier discusses career compounding, a form of growth driven not by money but by skills and experiences that stack into advantages over time. (12:26) Xavier shares the principle he stresses to his mentees: always be mindful of the person next to you, because you never know when they'll be in a position to help. (18:54) Erik wraps the series by revisiting the three wealth-building myths and landing on the real formula: avoid bad behaviors, cultivate good ones, and do both consistently enough for long enough. (22:23) Key Quotes: “Time is what turns discipline into stability and consistency into growth.” - Xavier J. Angel, CFP®, ChFC® “You never know who you're going to meet and when they may be able to help you or when they give you an opportunity. So always be mindful of that person next to you.” - Xavier J. Angel, CFP®, ChFC® “Compounding doesn't reward urgency. It rewards endurance. By definition, compounding rewards those who stay in the game long enough.” - Erik P. Garcia, CFP®, ChFC®, BFA™ Resources Mentioned: Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Are your money habits secretly holding you back from true financial freedom? Have you ever wondered why you can't create the wealth, ease, or security you expected? What if the problem isn't your numbers — but your alignment?If so, check out The Amy Edwards Show for the full episode: https://youtu.be/VPMjSMpZB1M?si=nHEcVKr96-jc1IqaDiscover the power of a heart-centered approach! Join my free workshop where you'll share your challenges and gain valuable insights to move forward. Sign up for the workshop here: https://www.impactyourlifenow.com/impact-workshop-registration-evergreen-socialsGet my audio book! https://www.impactyourlifenow.com/ayw-book-order-pageThe Four Spiritual Laws of Money: https://www.impactyourlifenow.com/the-4-spiritual-laws-of-moneyJoin Julie on her mission to heal the world financially.Julie Murphy CLU, ChFC, CFP®, is an independent CERTIFIED FINANCIAL PLANNER™, author, and media expert who wants you to heal your emotions to prosper financially and in life.To Schedule Julie on Your YouTube or Podcast Show... Please email Julie at Julie@JulieMurphy.comhttps://juliemurphy.com/Join our community on social media!http://facebook.com/AwakenWithJuliehttps://www.tiktok.com/@awakenwithjuliehttp://Instagram.com/AwakenWithJuliehttps://www.youtube.com/c/JulieMurphyhttps://anchor.fm/juliemurphyhttp://Twitter.com/AwakenWithJuliehttps://www.linkedin.com/in/juliemariemurphyTOO MANY PEOPLE HAVE FEARS AND OTHER UNHEALTHY EMOTIONS AROUND MONEY. Whether you were born rich, poor, or somewhere in between, money has always been an integral part of your life. However, too many people have fears and other unhealthy emotions around money. These debilitating beliefs are often subconscious, shaped by a lifetime of early experiences seen through other people—not based on objective reality. So can you break free from these restrictive beliefs and emotions, be able to “dream big,”—and actually accomplish your hopes and dreams? The answer is yes: Now, there is a way to harness the powerful energy around money and build real wealth.Beyond Your Wildest Dreams, LLC has no affiliation with LPL Financial, Sequoia Wealth Management, or JMC Wealth Management, Inc.

In this episode, Erik P. Garcia, CFP®, ChFC®, BFA™, and Xavier J. Angel, CFP®, ChFC®, unpack a misunderstood truth about building wealth: real wealth takes time. Picking up from their earlier conversations on discipline, behavior, and consistency, they dive into the power of compounding—not just financially, but professionally and personally as well. Through stories, analogies, and practical examples, they challenge the myth that wealth is built overnight and instead show how patience, endurance, and staying invested are what truly create long-term success. From the famous “penny doubled every day” example to lessons about career growth, relationships, and reputation, this conversation highlights how the biggest rewards often come after years of unseen work. Erik and Xavier explain why consistency matters more than quick wins, why emotional discipline is critical during slow seasons, and how time rewards those willing to stay in the game. Whether you're building financial wealth, developing skills, or growing a business, this episode is a reminder that compounding doesn't reward urgency—it rewards endurance. Episode Highlights: Xavier frames time as the series' "final ingredient," the force that turns discipline into stability and consistency into growth. (01:45) Erik discusses compound interest as one of the most powerful forces in finance, noting that every Stuff About Money guest asked what they wish they'd known sooner points to the same answer. (05:20) Erik explains the penny-doubling example, showing how a single cent doubled every day for 30 days compounds into more than five million dollars. (08:24) Xavier discusses career compounding, a form of growth driven not by money but by skills and experiences that stack into advantages over time. (12:26) Xavier shares the principle he stresses to his mentees: always be mindful of the person next to you, because you never know when they'll be in a position to help. (18:54) Erik wraps the series by revisiting the three wealth-building myths and landing on the real formula: avoid bad behaviors, cultivate good ones, and do both consistently enough for long enough. (22:23) Key Quotes: “Time is what turns discipline into stability and consistency into growth.” - Xavier J. Angel, CFP®, ChFC® “You never know who you're going to meet and when they may be able to help you or when they give you an opportunity. So always be mindful of that person next to you.” - Xavier J. Angel, CFP®, ChFC® “Compounding doesn't reward urgency. It rewards endurance. By definition, compounding rewards those who stay in the game long enough.” - Erik P. Garcia, CFP®, ChFC®, BFA™ Resources Mentioned: Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Are your money habits secretly holding you back from true financial freedom? Have you ever wondered why you can't create the wealth, ease, or security you expected? What if the problem isn't your numbers — but your alignment?If so, check out The Amy Edwards Show for the full episode: https://youtu.be/VPMjSMpZB1M?si=nHEcVKr96-jc1IqaDiscover the power of a heart-centered approach! Join my free workshop where you'll share your challenges and gain valuable insights to move forward. Sign up for the workshop here: https://www.impactyourlifenow.com/impact-workshop-registration-evergreen-socialsGet my audio book! https://www.impactyourlifenow.com/ayw-book-order-pageThe Four Spiritual Laws of Money: https://www.impactyourlifenow.com/the-4-spiritual-laws-of-moneyJoin Julie on her mission to heal the world financially.Julie Murphy CLU, ChFC, CFP®, is an independent CERTIFIED FINANCIAL PLANNER™, author, and media expert who wants you to heal your emotions to prosper financially and in life.To Schedule Julie on Your YouTube or Podcast Show... Please email Julie at Julie@JulieMurphy.comhttps://juliemurphy.com/Join our community on social media!http://facebook.com/AwakenWithJuliehttps://www.tiktok.com/@awakenwithjuliehttp://Instagram.com/AwakenWithJuliehttps://www.youtube.com/c/JulieMurphyhttps://anchor.fm/juliemurphyhttp://Twitter.com/AwakenWithJuliehttps://www.linkedin.com/in/juliemariemurphyTOO MANY PEOPLE HAVE FEARS AND OTHER UNHEALTHY EMOTIONS AROUND MONEY. Whether you were born rich, poor, or somewhere in between, money has always been an integral part of your life. However, too many people have fears and other unhealthy emotions around money. These debilitating beliefs are often subconscious, shaped by a lifetime of early experiences seen through other people—not based on objective reality. So can you break free from these restrictive beliefs and emotions, be able to “dream big,”—and actually accomplish your hopes and dreams? The answer is yes: Now, there is a way to harness the powerful energy around money and build real wealth.Beyond Your Wildest Dreams, LLC has no affiliation with LPL Financial, Sequoia Wealth Management, or JMC Wealth Management, Inc.

Most people think about taxes only once a year — when it is time to file. But real tax strategy happens throughout the year.In this episode of One More Round, Josh Norris, ChFC, breaks down the difference between tax filing and tax planning, and why business owners, high-income earners, families, and retirees should be having proactive conversations before tax season arrives.Josh covers common tax planning topics like retirement contributions, 401(k)s, Roth strategies, self-employed deductions, business purchases, tax credits, and why assuming you'll be in a lower tax bracket in retirement can be a costly mistake.This episode is for educational purposes only and is not tax, legal, or financial advice. Always consult your CPA, tax professional, or financial advisor for guidance specific to your situation.In this episode, we discuss: Why tax planning is not the same as tax filing  Common mistakes people make with taxes  How retirement contributions can affect taxable income  Pre-tax vs. Roth strategies  Why retirement income may still create a tax burden  How business owners can think more strategically throughout the year  Why quarterly planning conversations can make a big difference To learn more or schedule a conversation, connect with Josh Norris, ChFC, and the Arrive Financial team.

In this third episode of the series, Erik Garcia, CFP®, and Xavier Angel, CFP®, uncover what they call the hidden engine behind wealth: consistency. After breaking down the behaviors that destroy wealth and the ones that protect it, this episode answers the real question—what actually builds it. The answer isn't intensity, timing, or even talent. It's doing the right things over and over again, long after the excitement fades. As Erik puts it, most people don't fail financially because they're wrong—they fail because they stop. Drawing on Angela Duckworth's research on grit, Erik and Xavier connect the dots between perseverance and financial success. They break down the three key areas where consistency shows up: saving, investing, and developing your skills. Along the way, they challenge common behaviors like present bias and emotional investing, while reinforcing a simple truth—wealth is built little by little. This episode is a reminder that showing up when it's boring isn't a weakness…it's a competitive advantage. Episode Highlights: Erik introduces consistency as the hidden engine behind wealth building and why it matters more than talent or intensity. (03:36) Erik shares Angela Duckworth's grit research, revealing that it's the grittiest individuals, not the most talented or intelligent, who tend to succeed long-term. (05:24) Xavier connects the grit conversation to his daughter's four-year journey in competitive dance, crediting her growth to determination and grind over raw talent. (07:49) Erik uses the "plateau of latent potential" from Atomic Habits to show how consistent, unseen effort eventually compounds into visible results. (09:52) Xavier explains how consistent savers reverse the urge to spend now and save later by choosing to save first. (12:25) Erik discusses how dollar cost averaging and emotional discipline set 401k millionaires apart. (14:15) Erik explains how building expertise over time enables higher-level work and greater income potential. (17:03) Xavier reflects on the power of grinding it out, noting that those who stay in the game longer do so by learning from failures and redefining their approach along the way. (20:25) Erik cites Proverbs to reinforce that money made quickly disappears, while wealth gathered little by little grows and endures. (21:32) Xavier connects consistency to momentum, saying the magic happens when you hold the fire to it and keep showing up. (23:38) Erik encourages listeners to make consistent financial decisions that stack over time, because wealth gained little by little is what lasts. (24:38) Key Quotes: “In the context of money, most people are not failing because they don't know what to do. They're failing because they don't do it long enough.” - Erik Garcia, CFP® “You are failing along the way and you're learning from those failures and redefining what you're doing.” - Xavier Angel, CFP® “What's important is that wealth builders consistently build their base. They're consistently building their foundation.” - Erik Garcia, CFP® Resources Mentioned: Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors 

In this third episode of the series, Erik Garcia, CFP®, and Xavier Angel, CFP®, uncover what they call the hidden engine behind wealth: consistency. After breaking down the behaviors that destroy wealth and the ones that protect it, this episode answers the real question—what actually builds it. The answer isn't intensity, timing, or even talent. It's doing the right things over and over again, long after the excitement fades. As Erik puts it, most people don't fail financially because they're wrong—they fail because they stop. Drawing on Angela Duckworth's research on grit, Erik and Xavier connect the dots between perseverance and financial success. They break down the three key areas where consistency shows up: saving, investing, and developing your skills. Along the way, they challenge common behaviors like present bias and emotional investing, while reinforcing a simple truth—wealth is built little by little. This episode is a reminder that showing up when it's boring isn't a weakness…it's a competitive advantage. Episode Highlights: Erik introduces consistency as the hidden engine behind wealth building and why it matters more than talent or intensity. (03:36) Erik shares Angela Duckworth's grit research, revealing that it's the grittiest individuals, not the most talented or intelligent, who tend to succeed long-term. (05:24) Xavier connects the grit conversation to his daughter's four-year journey in competitive dance, crediting her growth to determination and grind over raw talent. (07:49) Erik uses the "plateau of latent potential" from Atomic Habits to show how consistent, unseen effort eventually compounds into visible results. (09:52) Xavier explains how consistent savers reverse the urge to spend now and save later by choosing to save first. (12:25) Erik discusses how dollar cost averaging and emotional discipline set 401k millionaires apart. (14:15) Erik explains how building expertise over time enables higher-level work and greater income potential. (17:03) Xavier reflects on the power of grinding it out, noting that those who stay in the game longer do so by learning from failures and redefining their approach along the way. (20:25) Erik cites Proverbs to reinforce that money made quickly disappears, while wealth gathered little by little grows and endures. (21:32) Xavier connects consistency to momentum, saying the magic happens when you hold the fire to it and keep showing up. (23:38) Erik encourages listeners to make consistent financial decisions that stack over time, because wealth gained little by little is what lasts. (24:38) Key Quotes: “In the context of money, most people are not failing because they don't know what to do. They're failing because they don't do it long enough.” - Erik Garcia, CFP® “You are failing along the way and you're learning from those failures and redefining what you're doing.” - Xavier Angel, CFP® “What's important is that wealth builders consistently build their base. They're consistently building their foundation.” - Erik Garcia, CFP® Resources Mentioned: Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors 

It's officially spring! Which means it's time to spring clean in all areas of your life. In this video I go into depth explaining how you can spring clean your finances.Press on this link for my "Debt & Cashflow Worksheets" plus my "7 Wealth Tips To Change Your Financial Future" ➡️ https://juliemurphy.com/00:00 Introduction00:40 Spring Cleaning Your Finances03:30 Assets and Insurance07:11 The Why08:08 The EndDiscover the power of a heart-centered approach! Join my free workshop where you'll share your challenges and gain valuable insights to move forward. Sign up for the workshop here: https://www.impactyourlifenow.com/registration-pageJoin Julie on her mission to heal the world financially.Get my book for free. Pay to ship only! https://www.awakenyourwealthbook.comJulie Murphy CLU, ChFC, CFP®, is an independent CERTIFIED FINANCIAL PLANNER™, author, and media expert who wants you to heal your emotions to prosper financially and in life.To Schedule Julie on Your YouTube or Podcast Show... Please email Julie at Julie@JulieMurphy.comhttps://juliemurphy.com/Join our community on social media!http://facebook.com/AwakenWithJuliehttps://www.tiktok.com/@awakenwithjuliehttp://Instagram.com/AwakenWithJuliehttps://www.youtube.com/c/JulieMurphyhttps://anchor.fm/juliemurphyhttp://Twitter.com/AwakenWithJuliehttps://www.linkedin.com/in/juliemariemurphyTOO MANY PEOPLE HAVE FEARS AND OTHER UNHEALTHY EMOTIONS AROUND MONEY. Whether you were born rich, poor, or somewhere in between, money has always been an integral part of your life. However, too many people have fears and other unhealthy emotions around money. These debilitating beliefs are often subconscious, shaped by a lifetime of early experiences seen through other people—not based on objective reality. So can you break free from these restrictive beliefs and emotions, be able to “dream big,”—and actually accomplish your hopes and dreams? The answer is yes: Now, there is a way to harness the powerful energy around money and build real wealth.Beyond Your Wildest Dreams, LLC has no affiliation with LPL Financial, Sequoia Wealth Management, or JMC Wealth Management, Inc.Discover the power of a heart-centered approach! Join my free workshop where you'll share your challenges and gain valuable insights to move forward. Sign up for the workshop here: https://www.impactyourlifenow.com/impact-workshop-registration-evergreen-socialsGet my audio book! https://www.impactyourlifenow.com/ayw-book-order-pageThe Four Spiritual Laws of Money: https://www.impactyourlifenow.com/the-4-spiritual-laws-of-moneyJoin Julie on her mission to heal the world financially.Julie Murphy CLU, ChFC, CFP®, is an independent CERTIFIED FINANCIAL PLANNER™, author, and media expert who wants you to heal your emotions to prosper financially and in life.To Schedule Julie on Your YouTube or Podcast Show... Please email Julie at Julie@JulieMurphy.comhttps://juliemurphy.com/Join our community on social media!http://facebook.com/AwakenWithJuliehttps://www.tiktok.com/@awakenwithjuliehttp://Instagram.com/AwakenWithJuliehttps://www.youtube.com/c/JulieMurphyhttps://anchor.fm/juliemurphyhttp://Twitter.com/AwakenWithJuliehttps://www.linkedin.com/in/juliemariemurphyTOO MANY PEOPLE HAVE FEARS AND OTHER UNHEALTHY EMOTIONS AROUND MONEY. Whether you were born rich, poor, or somewhere in between, money has always been an integral part of your life. However, too many people have fears and other unhealthy emotions around money. These debilitating beliefs are often subconscious, shaped by a lifetime of early experiences seen through other people—not based on objective reality. So can you break free from these restrictive beliefs and emotions, be able to “dream big,”—and actually accomplish your hopes and dreams? The answer is yes: Now, there is a way to harness the powerful energy around money and build real wealth.

In the last episode, we broke down the behaviors that quietly destroy wealth—emotional decisions, lifestyle creep, and overconfidence. But avoiding mistakes is only half the equation. In this episode, ⁠Erik Garcia⁠, CFP®, and ⁠Xavier Angel⁠, CFP®, flip the conversation and focus on what actually protects wealth once you start building it. Because wealth isn't just created—it has to be preserved with intention. We walk through three foundational disciplines: living below your means to create margin, reinvesting instead of extracting to keep your money working, and avoiding catastrophic mistakes that can undo years of progress. Grounded in behavioral finance and real-world experience, this episode shows why wealth is often less about big wins—and more about consistently doing the right things over time. Episode Highlights: Erik explains the behavioral economics foundation of today's episode, referencing Richard Thaler's book "Misbehaving" to highlight how humans often act irrationally in financial decision-making. (04:14) Xavier explains how building financial margin is what creates the space to save, invest, and pursue what matters most. (07:14) Erik shares the single most consistent pattern across people who successfully build wealth: they spend less than they earn and make building margin their priority. (10:10) Xavier discusses the second behavior, reinvesting instead of extracting, explaining that wealth grows when money is kept in the system and put back to work rather than pulled out early. (13:44) Erik explains the third behavior, avoiding catastrophic mistakes, using a golf analogy to share why minimizing financial damage matters more than chasing perfect results. (19:08) Erik discusses specific strategies for avoiding catastrophic financial mistakes: managing risk at the right level, maintaining sufficient liquidity, and diversifying rather than concentrating in speculative assets. (22:04) Xavier shares a sharp contrast between wealth lost and wealth built, explaining that losses often trace back to one risky decision while lasting wealth comes from thousands of small, consistent good ones. (25:25) Key Quotes: “When building wealth, the goal isn't to look wealthy, right? The goal is to be wealthy. I can be wealthy and not own the most expensive clothes or the biggest house or the most expensive car.” - Xavier Angel, CFP® “This is the common thread in financially successful people. It's what allows everything else to work. Without financial margin, there's nothing to invest. Nothing to save, no money to compound.” - Erik Garcia, CFP® “Reinvesting, not spending your investments involves an intentional, purposeful, conscious decision to choose the future over today. I'm saying no to myself today because I'm saying yes to something tomorrow” - Erik Garcia, CFP® Resources Mentioned: ⁠Erik Garcia, CFP®, BFA⁠ ⁠Xavier Angel, CFP®, ChFC, CLTC⁠ ⁠Plan Wisely Wealth Advisors⁠

In the last episode, we broke down the behaviors that quietly destroy wealth—emotional decisions, lifestyle creep, and overconfidence. But avoiding mistakes is only half the equation. In this episode, Erik Garcia, CFP®, and Xavier Angel, CFP®, flip the conversation and focus on what actually protects wealth once you start building it. Because wealth isn't just created—it has to be preserved with intention. We walk through three foundational disciplines: living below your means to create margin, reinvesting instead of extracting to keep your money working, and avoiding catastrophic mistakes that can undo years of progress. Grounded in behavioral finance and real-world experience, this episode shows why wealth is often less about big wins—and more about consistently doing the right things over time. Episode Highlights: Erik explains the behavioral economics foundation of today's episode, referencing Richard Thaler's book "Misbehaving" to highlight how humans often act irrationally in financial decision-making. (04:14) Xavier explains how building financial margin is what creates the space to save, invest, and pursue what matters most. (07:14) Erik shares the single most consistent pattern across people who successfully build wealth: they spend less than they earn and make building margin their priority. (10:10) Xavier discusses the second behavior, reinvesting instead of extracting, explaining that wealth grows when money is kept in the system and put back to work rather than pulled out early. (13:44) Erik explains the third behavior, avoiding catastrophic mistakes, using a golf analogy to share why minimizing financial damage matters more than chasing perfect results. (19:08) Erik discusses specific strategies for avoiding catastrophic financial mistakes: managing risk at the right level, maintaining sufficient liquidity, and diversifying rather than concentrating in speculative assets. (22:04) Xavier shares a sharp contrast between wealth lost and wealth built, explaining that losses often trace back to one risky decision while lasting wealth comes from thousands of small, consistent good ones. (25:25) Key Quotes: “When building wealth, the goal isn't to look wealthy, right? The goal is to be wealthy. I can be wealthy and not own the most expensive clothes or the biggest house or the most expensive car.” - Xavier Angel, CFP® “This is the common thread in financially successful people. It's what allows everything else to work. Without financial margin, there's nothing to invest. Nothing to save, no money to compound.” - Erik Garcia, CFP® “Reinvesting, not spending your investments involves an intentional, purposeful, conscious decision to choose the future over today. I'm saying no to myself today because I'm saying yes to something tomorrow” - Erik Garcia, CFP® Resources Mentioned: Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Send us Fan MailOn this episode of The Get Ready Money Podcast, I spoke with Julie Pinkerton, CEO and founder of Evozen and creator of the ClientFirst platform, about why human connection, not algorithms, drives meaningful professional relationships.Julie shares why the most effective way to grow your business often comes through peer relationships, how understanding behavioral styles improves communication, and why authenticity matters even more in a technology-driven world. We also explore how AI can support connection without replacing it, and why you don't need to be an extrovert to be a strong networker.

Before you can build wealth, you have to stop destroying it. Nobel Prize-winning economist Richard Thaler said it best: “People don't act rationally.” And when it comes to money, that shows up in ways that quietly cost us more than we realize. In this episode, Erik Garcia, CFP®, and Xavier Angel, CFP®, break down three wealth-destroying behaviors—emotional decisions, lifestyle creep, and overconfidence. These aren't knowledge problems—they're behavior problems. And over time, they compound in the wrong direction. This is Part 1 of a 4-part series to help you stop losing… and start building. Episode Highlights: Erik discusses that behavior, not market drops, is the biggest obstacle to building wealth, grounding the discussion in Richard Thaler's Nobel Prize-winning behavioral finance research. (02:56) Erik shares about a client who moved to cash during market volatility and ended up as the only negative portfolio that year, using it to show how emotional reactions impact returns. (06:39) Xavier explains lifestyle creep and how spending that rises faster than income eliminates the margin needed to build wealth. (10:51) Xavier mentions that inflation, not lifestyle choices, is forcing some listeners into tighter margins and asks what to do when spending rises without any upgrade in lifestyle. (15:17) Erik introduces overconfidence as the third wealth-killing behavior, noting people consistently overestimate their ability to time markets and spot opportunities. (18:21) Xavier connects bad financial behaviors to generational patterns, pointing out that children observe and absorb those habits into their own lives. (24:03) Erik closes with the heart of their practice philosophy: understanding how people think about money is just as important as knowing how to grow it. (26:26) Key Quotes: “You don't need to save as much today as you were yesterday because you can always come back and reevaluate it at a different time when the season is over and begin increasing those savings at a later date.” - Xavier Angel, CFP®,  “The best way for us to help you be successful is to understand how you think about money.” - Erik Garcia, CFP® Resources Mentioned: Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Before you can build wealth, you have to stop destroying it. Nobel Prize-winning economist Richard Thaler said it best: “People don't act rationally.” And when it comes to money, that shows up in ways that quietly cost us more than we realize. In this episode, Erik Garcia, CFP®, and Xavier Angel, CFP®, break down three wealth-destroying behaviors—emotional decisions, lifestyle creep, and overconfidence. These aren't knowledge problems—they're behavior problems. And over time, they compound in the wrong direction. This is Part 1 of a 4-part series to help you stop losing… and start building. Episode Highlights: Erik discusses that behavior, not market drops, is the biggest obstacle to building wealth, grounding the discussion in Richard Thaler's Nobel Prize-winning behavioral finance research. (02:56) Erik shares about a client who moved to cash during market volatility and ended up as the only negative portfolio that year, using it to show how emotional reactions impact returns. (06:39) Xavier explains lifestyle creep and how spending that rises faster than income eliminates the margin needed to build wealth. (10:51) Xavier mentions that inflation, not lifestyle choices, is forcing some listeners into tighter margins and asks what to do when spending rises without any upgrade in lifestyle. (15:17) Erik introduces overconfidence as the third wealth-killing behavior, noting people consistently overestimate their ability to time markets and spot opportunities. (18:21) Xavier connects bad financial behaviors to generational patterns, pointing out that children observe and absorb those habits into their own lives. (24:03) Erik closes with the heart of their practice philosophy: understanding how people think about money is just as important as knowing how to grow it. (26:26) Key Quotes: “You don't need to save as much today as you were yesterday because you can always come back and reevaluate it at a different time when the season is over and begin increasing those savings at a later date.” - Xavier Angel, CFP®,  “The best way for us to help you be successful is to understand how you think about money.” - Erik Garcia, CFP® Resources Mentioned: Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors 

Most financial advisors will tell you to save more and invest wisely. Mark Rasner will tell you that's not enough. After 32 years of watching people succeed and fail financially, he has the track record to back it up.Mark grew up poor on a dairy farm in Upper Michigan, worked his way through college without taking a single student loan, and watched his father transform from a struggling farmer into a financial advisor who changed people's lives. That backstory didn't just shape who Mark is. It became the foundation for The Group A Mindset, a framework built on one core insight: the difference between people who achieve financial freedom and those who don't is rarely about income. It's about mindset, decision-making, and the habits we either build or avoid for decades.In this conversation, Mark walks us through the Group A and Group B framework, the psychology of financial self-sabotage, and why even high-earning professionals often find themselves stuck. He shares client stories, his own personal transformation through Ironman triathlon training, and the practical tools he uses to help people make a genuine shift.About Mark Rasner Mark Rasner, CFP®, ChFC®, CASL®, APMA™, BFA™ is a financial advisor and wealth coach with over 32 years of experience in financial planning and leadership development. He is the author of The Group A Mindset, a book designed to help individuals identify and break the beliefs and behaviors keeping them from lasting financial freedom. After building a successful practice in the Midwest, Mark merged his business with a national advisory team, where he now leads Midwest growth and advisor development. He is a two-time Ironman triathlete and father of three daughters.What We CoverWhy only 5-10% of people achieve true financial freedom and what distinguishes Group A from Group BThe line of consciousness framework and how subconscious decision-making keeps people financially stuckThe drama triangle (victim, villain, hero) and why escaping it is the first step toward financial transformationHow Mark went from 260 pounds and sedentary to completing two full Ironman triathlons and what that journey taught him about Group A behaviorThe pie fallacy and why treating wealth as a finite resource is the scarcity mindset's most destructive trapA real client story: how Jim went from near-financial collapse at 45 to a 10x increase in net worth in eight yearsResources MentionedThe Group A Mindset by Mark RasnerThe Group A Mindset on AmazonThe 7 Habits of Highly Effective People by Stephen R. CoveyConnect with Mark RasnerWebsite: groupamindset.comLinkedIn: Mark Rasner, CFP®, ChFC®, CASL®, APMA™, BFA™Support the show

#701: Forget the idea that you need a magic number to retire. Jamie Hopkins is a certified financial planner, professor of taxation at the American College of Financial Services, director of the New York Life Center for Retirement Income, and Top 40 Under 40 financial services professionals from InvestmentNews. His take on retirement planning will make you rethink a few things. We start with the "no magic number" concept. Hopkins explains that fixating on a savings target - whether it's $1 million or $10 million - misses the point. What matters is what income you can generate relative to the lifestyle you want. And that lifestyle shifts. Research shows retirees often spend more than 100 percent of their pre-retirement income in the first few years, then gradually spend less as they age. From there, we get into sequence of returns risk, which Hopkins calls one of the biggest threats to any retirement plan. A market downturn in the first few years of retirement can be nearly impossible to recover from, since you're withdrawing money while your portfolio is declining. We also dig into the well-known "4 percent rule" - which Hopkins prefers to call a "4 percent finding" - and why it only holds up in certain historical contexts. The conversation also covers the topics people tend to avoid. "Silver divorce" - the spike in divorces among people over 60 - is happening at higher rates than most people realize, and it can gut a retirement plan that was built around shared costs and two incomes. We also discuss elder abuse, which Hopkins says is mostly committed by family members or trusted advisors, not strangers - and how AI-generated voice cloning is making financial scams harder to detect. Finally, we end on what Hopkins considers the most important, and most overlooked, element of a good retirement: community. He argues that retirement is actually an ideal time to intentionally rebuild your social circle, choose where you want to live, and figure out what you're retiring to - not just from. Hopkins holds a JD, MBA, LLM, CFP, RICP, CLU, and ChFC. Resources: Jamie's Book: Your Retirement Sketchbook: 125 Retirement Planning Lessons from Financial Experts Share this episode with a friend, colleagues, and your frenemies: https://affordanything.com/episode701 Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, Blake and I break down what actually needs to happen after you sign your trust, how to fund it properly, and the common things we see people miss all the time. Because if your trust isn't set up the right way, it might not work the way you think it will.-------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

Landing that first job feels like the finish line, but for most young professionals, it is really just the beginning. In this episode, ⁠Xavier Angel⁠, CFP®, ChFC®, CLTC®, sits down with ⁠Christopher Bland⁠, PharmD, FCCP, FIDSA, BCPS, Albert W. Jowdy Professor in Pharmacy Care at the ⁠University of Georgia College of Pharmacy⁠, to unpack the real-world financial questions that pharmacists and other graduates face early in their careers. From understanding compensation packages to negotiating pay, evaluating retirement benefits, and using side income strategically, this conversation helps listeners look beyond the headline salary number and make more informed financial decisions from day one. The episode also dives into one of the biggest mindset shifts young earners need to make: high income does not equal wealth. Chris and Xavier discuss how lifestyle inflation, student debt, and poor planning can quietly eat away at even a strong paycheck, while time, discipline, and consistent investing can build real financial freedom over time. It's a practical, honest conversation designed to help young professionals turn early career income into long-term opportunity. Episode Highlights: Christopher shares the one financial lesson he wished he had fully embraced coming out of school: the more time money has to compound, the more profound the long-term impact. (04:00) Christopher breaks down salary versus hourly pay for new pharmacists, noting how hourly work creates flexibility to earn overtime, shift differentials, and supplemental income. (09:07) Christopher recounts landing his first job at the lowest pay tier and explains why the beginning of a career is the most powerful moment to negotiate compensation. (14:54) Christopher encourages students to lean on faculty and mentors for career opportunities, sharing how he connects students with prospects through his own network. (20:09) Xavier explains the difference between Traditional and Roth 401k contributions and stresses the importance of adding a beneficiary to retirement accounts from day one. (25:52) Christopher uses his son's first paycheck experience to illustrate why new earners need an automated plan for their money from the start. (31:32) Christopher outlines three practical steps for young pharmacists: leverage time for investing, negotiate confidently, and evaluate every aspect of a job beyond salary. (38:26) Key Quotes: “As you are young in your career, be developing skills. Seek out these opportunities, network, because then things will begin to flow to you, especially in years, like three to five.” - Christopher Bland, PharmD, FCCP, FIDSA, BCPS “No matter what degree of money you're making, if you have a plan, you're automatically giving yourself a raise.” - Christopher Bland, PharmD, FCCP, FIDSA, BCPS “I want healthcare professionals, pharmacists, to really take ownership of this topic. We work too hard. You've gone to school for too long, to not have a plan for financial freedom and wealth long term.” - Christopher Bland, PharmD, FCCP, FIDSA, BCPS Resources Mentioned: ⁠Christopher Bland, PharmD, FCCP, FIDSA, BCPS⁠ ⁠University of Georgia College of Pharmacy⁠ ⁠Erik Garcia, CFP®, BFA⁠ ⁠Xavier Angel, CFP®, ChFC, CLTC⁠ ⁠Plan Wisely Wealth Advisors⁠

Landing that first job feels like the finish line, but for most young professionals, it is really just the beginning. In this episode, Xavier Angel, CFP®, ChFC®, CLTC®, sits down with Christopher Bland, PharmD, FCCP, FIDSA, BCPS, Albert W. Jowdy Professor in Pharmacy Care at the University of Georgia College of Pharmacy, to unpack the real-world financial questions that pharmacists and other graduates face early in their careers. From understanding compensation packages to negotiating pay, evaluating retirement benefits, and using side income strategically, this conversation helps listeners look beyond the headline salary number and make more informed financial decisions from day one. The episode also dives into one of the biggest mindset shifts young earners need to make: high income does not equal wealth. Chris and Xavier discuss how lifestyle inflation, student debt, and poor planning can quietly eat away at even a strong paycheck, while time, discipline, and consistent investing can build real financial freedom over time. It's a practical, honest conversation designed to help young professionals turn early career income into long-term opportunity. Episode Highlights: Christopher shares the one financial lesson he wished he had fully embraced coming out of school: the more time money has to compound, the more profound the long-term impact. (04:00) Christopher breaks down salary versus hourly pay for new pharmacists, noting how hourly work creates flexibility to earn overtime, shift differentials, and supplemental income. (09:07) Christopher recounts landing his first job at the lowest pay tier and explains why the beginning of a career is the most powerful moment to negotiate compensation. (14:54) Christopher encourages students to lean on faculty and mentors for career opportunities, sharing how he connects students with prospects through his own network. (20:09) Xavier explains the difference between Traditional and Roth 401k contributions and stresses the importance of adding a beneficiary to retirement accounts from day one. (25:52) Christopher uses his son's first paycheck experience to illustrate why new earners need an automated plan for their money from the start. (31:32) Christopher outlines three practical steps for young pharmacists: leverage time for investing, negotiate confidently, and evaluate every aspect of a job beyond salary. (38:26) Key Quotes: “As you are young in your career, be developing skills. Seek out these opportunities, network, because then things will begin to flow to you, especially in years, like three to five.” - Christopher Bland, PharmD, FCCP, FIDSA, BCPS “No matter what degree of money you're making, if you have a plan, you're automatically giving yourself a raise.” - Christopher Bland, PharmD, FCCP, FIDSA, BCPS “I want healthcare professionals, pharmacists, to really take ownership of this topic. We work too hard. You've gone to school for too long, to not have a plan for financial freedom and wealth long term.” - Christopher Bland, PharmD, FCCP, FIDSA, BCPS Resources Mentioned: Christopher Bland, PharmD, FCCP, FIDSA, BCPS University of Georgia College of Pharmacy Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Erik Garcia, CFP®, ChFC®, BFA™, welcomes back Phil Blancato for their annual market conversation, now a tradition on Stuff About Money They Didn't Teach You In School. Phil is Chief Market Strategist at Osaic Wealth, a regular on Fox Business, and an experienced portfolio manager who brings equal parts insight and humor, including a lightning round that somehow turns the 2026 market into a lasagna and ends with a debate on why pasta made in Italy is superior. Phil's core headline for 2026 is a return to more normal market behavior: broader participation beyond a handful of mega-cap names and more average equity returns than the outsized gains investors have gotten used to. They unpack what a "defining year" for AI actually means, including winners, losers, and the infrastructure and energy needed to power the buildout, plus how productivity gains could change work and life. The conversation also hits international's resurgence, why bonds are "sexy" again, and the discipline of staying invested through scary headlines. Phil closes with what keeps him up at night, with debt and renewed inflation risk at the top, and a reminder that diversification is the plan when market leadership shifts. Episode Highlights: Phil explains how treating colleagues and clients as friends and family has made a 35-year career feel like he's never worked a day in his life. (02:05) Phil's one headline for 2026: a return to normal market returns with broader participation across sectors. (08:00) Phil uses "Flippy the fryer," an AI arm completing 200,000 man hours at White Castle, to illustrate real-world AI productivity gains. (15:05) Phil emphasizes Finance 101: never panic based on headlines, as US economic fundamentals remain strong beneath the noise. (20:00) Erik highlights his favorite chart showing intra-year drawdowns versus final returns, making the case for staying invested through volatility. (26:28) Phil believes that AI overdependence is dangerous, pointing to GPS reliance and the Pope's ban on AI-written sermons as cautionary examples. (31:00) Phil identifies rising inflation and the US debt burden as his top black swan risks for markets. (39:25) Erik reflects on using AI-driven productivity for leisure, coaching basketball, and spending more time doing what matters most. (45:45) Key Quotes: “It's a defining year for AI. What companies can either continue to grow revenue or use AI to be more productive.” - Phil Blancato “I would say I've always been a big fan of why people like me are successful. We take advantage of when there's a panic in markets, and there's a panic in a software market right now.” - Phil Blancato “Being paid to wait around. You're getting real return, real income in your portfolio. It gives you safety and security and maybe a chance to see them go up as much as 7% or 8% this year.” - Phil Blancato Resources Mentioned: Phil Blancato Osaic Wealth Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Episode 193 | Why Great Leadership Creates Great Wealth | Financial Planning, Wealth Building & Leadership Development for Entrepreneurs   What separates high-earning entrepreneurs who build lasting wealth from those who just make good money? According to financial planner and leadership coach Mando Sallavanti, it starts with how you lead.   In this episode of the Heartbeat for Hire Podcast, wealth management expert and Freedom Path Wealth founder Mando Sallavanti III, CFP®, CEPA, ChFC® breaks down the direct connection between great leadership, financial freedom, and building a life by design — not by default. Mando went from grinding cold calls in Scranton, PA to managing a nationwide client base of $500K+ earners, speaking on national stages, and coaching financial advisors across the country. His journey is a masterclass in leadership transformation, business growth, and strategic wealth building.   In this conversation, Mando gets real about the leadership identity crisis that changed everything — trading an ego-driven, command-and-control style for one rooted in empowerment, delegation, and hiring for potential. He also breaks down his signature "credit card game" — a wealth strategy entrepreneurs and business owners are using to fund luxury travel and premium life experiences without sacrificing long-term financial goals. In this episode, you'll learn:   1️⃣ How to shift from ego-driven leadership to a model built on empowerment and accountability — and why it builds better teams and bigger businesses faster 2️⃣ The wealth-building strategy high-earning entrepreneurs are sleeping on: leveraging business expenses through strategic credit card use to fund premium life experiences 3️⃣ Why hiring for potential over credentials is the leadership move that scales businesses — and how Mando applied it inside a financial services firm Perfect for: entrepreneurs, small business owners, financial advisors, sales leaders, high-income professionals, wealth management clients, anyone building a leadership culture, and executives managing equity comp, real estate, or closely held businesses.   About Mando Sallavanti Mando Sallavanti is the founder of Freedom Path Wealth, a modern financial planning firm serving successful families earning $500K+ — executives managing equity compensation, real estate, and closely held businesses who need clarity, philosophy: Spend it like you mean it. Beyond client work, Mando is one of the most followed financial professionals on LinkedIn (46,000+ followers) and coaches financial advisors nationwide on building profitable, planning-first practices using the same tactical frameworks and personal brand strategies that took him from cold calls to national stages.

Send a textFor additional information about Kelly, check her out on Linkedin or www.SteadfastAgents.com. To explore your options for long-term care insurance, click here. Steadfast Care Planning podcast is made possible by AMADA Senior Care and Steadfast Insurance LLC.Come back next time for more helpful guidance!

In this episode of Stuff About Money They Didn't Teach You in School, ⁠Erik Garcia⁠, CFP®, ChFC®, BFA™ and ⁠Xavier Angel⁠, CFP®, ChFC®, CLTC® begin a two-part series on how wealth is actually built and why it often looks boring in real life. In Part 1, they tackle three common myths that derail people before wealth ever has a chance to compound. From the belief that wealth is built by luck or big breaks, to the assumption that it is reserved for the privileged few, to the misconception that a high income guarantees financial success, Erik and Xavier unpack the cultural narratives that cause people to quit too early. Drawing on research, real-life stories, and years of experience in financial planning, they explain why wealth is more accessible than most people believe but slower than most people expect. They emphasize that financial success is less about flashy wins and more about mindset, discipline, and intentional decision-making over time. If you have ever felt behind, discouraged, or tempted to chase the next big move, this episode reframes what real wealth-building looks like and sets the stage for Part 2, where they reveal the three ingredients that consistently build lasting wealth. Episode Highlights: Erik mentions that the episode was inspired by conversations at a business conference about what leads people to grow wealth and the myths they tell themselves along the way. (01:30) Erik discusses the idea that wealthy people made their money overnight through one big deal or a viral moment, noting these are exceptions rather than the rule. (06:40) Xavier shares that the average age of a successful business founder is 45, and how that statistic brought visible relief to a business owner who feared she was too late. (10:55) Erik mentions that eight out of ten wealthy people are first-generation, meaning wealth is more accessible than most believe, but requires patience and consistency. (16:20) Erik defines wealth as optionality: having low debt, financial margin, and the freedom to use money for what is most important rather than being backed into a corner. (21:35) Xavier discusses the discouragement that comes when progress feels invisible, reminding listeners that wealth is forming beneath the surface long before the outside world sees it. (26:10) Xavier shares the bonus myth that a high income is required to build wealth, and Erik shares the story of a woman who built a five-million-dollar estate while never earning much money. (29:30) Key Quotes: “Experience and industry familiarity were more important than just pure intelligence when it comes to building wealth. It's a slow grind sometimes to build wealth. It's not overnight.” - Erik Garcia, CFP®, ChFC®, BFA™ “If you're following the right processes, if you're taking the right steps of what it leads to be successful, then it's going to come with time.” - Erik Garcia, CFP®, ChFC®, BFA™ “ Wealth is built in the gaps between what you make and what you keep, and the behavior matters more than the income alone.” - Xavier Angel, CFP®, ChFC®, CLTC® Resources Mentioned: ⁠Erik Garcia, CFP®, ChFC®, BFA™⁠ ⁠Xavier Angel, CFP®, ChFC®, CLTC®⁠ ⁠Plan Wisely Wealth Advisors

In this milestone episode of Stuff About Money They Didn't Teach You in School, Erik Garcia, CFP®, ChFC®, BFA™, and co-host Xavier Angel, CFP®, ChFC®, CLTC®, reflect on what they've learned after reaching 100 episodes of honest, practical money conversations.  This episode looks back at why the podcast started, the gaps in financial education that inspired it, and the themes that kept showing up again and again in conversations with clients, guests, and listeners. Erik and Xavier share the biggest money lessons reinforced over the past 100 episodes, the moments that challenged their thinking, and why behavior, mindset, and consistency matter far more than financial hacks or headlines. They also pull back the curtain on what it really takes to stay consistent, grow personally and professionally, and keep showing up for meaningful conversations about money. Episode Highlights: Xavier explains that his dress code changed in 2020 when he joined the firm after Erik's dad told him he could relax and wear polos instead of formal attire. (03:35) Erik discusses his podcasting history, including 65 episodes of Building Us with Dr. Matt Morris during COVID, before starting Stuff About Money. (06:10) Erik shares that the hardest part of podcasting isn't coming up with topics but maintaining consistency with recording every two weeks. (09:35) Erik explains the podcast is part of their vision to resource people for wise financial decisions and reinforce behaviors that lead to success. (11:25) Xavier highlights compounding interest as the most popular response when guests are asked what they wish they knew about money 20 years ago. (12:30) Xavier recalls Billy Williams' advice that stuck with him: if you can't pay for it twice, you can't afford it. (19:50) Erik discusses the responsibility of sharing information on the podcast since they're talking about money topics that could change people's lives. (24:20) Erik explains he pushes back against giving prescriptive advice because personal finance is as much personal as it is finance. (26:10) Erik shares three simple things to build wealth: spend less than you make, save as much as you can, and don't do anything foolish. (28:50) Erik announces two future episode series ideas: interviewing faith leaders about money and exploring emotions like greed and fear that drive financial decisions. (31:15) Xavier shares his key takeaway for listeners: if something is uncomfortable and hard, keep moving forward with intentionality instead of stopping. (33:15) Erik and Xavier announce they'll start doing solo episodes beginning in February to share personal experiences and lessons independently. (37:00) Key Quotes: "Our vision here of the firm is to really resource people to make wise financial decisions. The podcast is part of that vision." - Erik Garcia, CFP®, BFA "Most financial decisions are not made on spreadsheets. They're made with emotions." - Erik Garcia, CFP®, BFA "If something is uncomfortable, it's hard, and if it's hard, keep moving forward. Don't stop doing what you're doing. Make it comfortable." - Xavier Angel, CFP®, ChFC, CLTC Resources Mentioned: Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors