Podcasts about fiscally

It's hard to believe that election season is over and Thanksgiving is almost here! This week on Plan with the Tax Man, we're diving into the future of the Tax Cuts and Jobs Act now that the election results are in. Join us as we explore what changes could be on the horizon and what to expect moving forward.   Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381   ----more---- Transcript:    Speaker 1: This week on Plan With The Tax Man, let's talk about the future of the Tax Cuts and Jobs Act, the TCJA now that we know the results of the election. So let's get into what could be on the horizon in the coming years here this week on Plan With The Tax Man. Welcome into the podcast everybody. Thanks for hanging out with Tony Mauro and myself. Tony of course, a CPA, CFP, and EA with 30 plus years in the industry helping folks get to and through retirement. And he's at the Tax Doctor, Inc. You can find them online at yourplanningpros.com. That's yourplanningpros.com. And Tony, happy Thanksgiving, my friend. We are taping this a little before and dropping this podcast just a few days before Thanksgiving. So happy Turkey Bird Day to you, my friend.   Tony Mauro: Yeah, same to you and everybody else.   Speaker 1: Absolutely.   Tony Mauro: It's getting that time of year.   Speaker 1: Absolutely. Exactly.   Tony Mauro: Yeah.   Speaker 1: So hope everybody enjoys the holiday and hopefully we're just going to do a little speculation here this week, Tony. We know now, obviously President Trump is the, Trump President-elect, right, coming in here in January. And so one of the big questions and one of the big things I think that has people, especially in our demographic and the people that you serve and your clientele is what that might mean for the future of tax cuts. Right. So all through the Biden administration, we kind of wondered were they going to make any tax cuts changes or tax rate changes or anything. They never did. And then of course the big kind of question was, well, if Harris wins, will we see the Tax Cuts and Jobs Act go ahead and expire at the end of 25 like it's supposed to, or would we see a new tax program?   Well, now that we know Trump is coming back in, I think it's probably a safe assumption to say that he's going to try to either extend the TCJA or maybe even make it permanent. Right. So there's conversation around that. So I thought we could talk a little bit about what that might mean for retirees, pre-retirees, and just from a planning and thought kind of process should that happen.   Tony Mauro: Yeah. And I think now that hopefully everybody's emotions are calming down a little bit, depending on,-   Speaker 1: We hope.   Tony Mauro: Won or lost.   Speaker 1: We hope. Right.   Tony Mauro: Half of everybody is mad and half of everybody is happy. And I think the big thing with all of this is, and I've been putting it out in our newsletter since the election is even though it may not have gone your way, life is not going to change all that much for you. I mean, you need to be aware of some of these things and how it impacts you and how to use it to your best benefit. Because the end of the day, we go back to doing what we do and trying to make the best of what we've got and so,-   Speaker 1: Right. And we know that fiscally our country's in really bad shape and whatever changes they're going to be working on is not going to happen overnight. It is going to take a little time. They're going to break some eggs along the way. It's not going to be a totally smooth process. I mean, we're in pretty bad shape, Tony fiscally. Right. So it's going to take a lot of work to kind of right the ship. And obviously the voters voted for hoping that prices come down, getting a better grip on the economy. That was one of the biggest poll movers, I suppose, in that conversation. So with that in mind, let's talk a little bit about that TCJA standpoint. If again, this is if, but since they're going to have the House and the Senate, it appears there's a likelihood that they're going to get this passed through at least if nothing else, an extension. Let's just start there. That's good from the fact that tax rates are historically low, right, for the common everyday working American tax rates are historically low. So that's a good place to start.   Tony Mauro: It's a good place to start. Yeah. And from a taxpayer standpoint, who doesn't like low taxes?   Speaker 1: Right.   Tony Mauro: And me included. And so that's beneficial. Now the big picture, like you say, our financial situation as a country, we already know, everybody knows that Congress tends to spend way more than they take in. And that,-   Speaker 1: Sure.   Tony Mauro: I just read an article the other day about the TCJA, that if they extend it, it could, it could add another 2.6 trillion to the deficit over the next 10 years.   Speaker 1: Correct.   Tony Mauro: Which from a fiscal standpoint, it's like, ooh boy, we're already in bad shape. This is going to make it worse but,-   Speaker 1: Well, okay, so let's kind of talk about that. Let's break that down a little bit for a second. So if you think about it, the reason they put it in the way they did, right, for the number of years, what was it, seven years I think when they put it in?   Tony Mauro: Yeah, seven years.   Speaker 1: Was because they said they were worried about it ballooning the deficit. Well, obviously the deficit's gotten out of control anyway, so,-   Tony Mauro: It is.   Speaker 1: Keeping the TCJA is I think it's, we talk often, Tony about having a three-legged stool for retirement. Right. And I think that's what the leaders are going to have to do from a government standpoint. One is going to be promoting job growth and keeping tax rates low for paying Americans. So again, maybe extending the TCJA, but to your point, it could add to the deficit. So spending has to get under control. I think that's the second piece. Like the conversation, don't like the conversation, but the idea of this department of government efficiency that's being tossed around out there and cutting some of this incredibly wasteful spending that we do, and let's be honest, we waste a lot of money, could make a huge impact and maybe offset some of that cost of the TCJA plus the tariff conversation. Right.   Tony Mauro: Yeah. I think all that is part of what I feel like are,-   Speaker 1: The big picture, right?   Tony Mauro: Policy decisions, yeah, that has to be made by this and future administrations and try to work towards figuring this out to.   Speaker 1: Right. Because it's $36 trillion. You can't fix it with just one thing. Right.   Tony Mauro: No, you cannot.   Speaker 1: So that in mind, that in mind about the ballooning, just from that standpoint, we get that as far as a bigger picture that they have to work on. But what does it mean for everyday Americans? Well, I think one of the places, Tony, besides just having low tax rates, which is good, and the narrower brackets versus going back to the wider is the conversation about, well now it gives you more time to Roth over time. Right. Because if people were talking about doing Roth conversions at these historic low tax rates, well you only had until the end of 2025 to get them done. So your window was narrowing. If again, if they extend the TCJA, that could make planning a lot easier for you for your clients if they do need to do Roth conversions over time.   Tony Mauro: Absolutely. And we're looking at it from that standpoint now that it's over, that we're going to be harping on our clients, assuming they extend this, is to take advantage of this because we don't know when they're going to either reverse it. And I always liked that word, you mentioned it earlier, permanent. Of course, Congress changes stuff.   Speaker 1: Right. Nothing's ever permanent. Yeah.   Tony Mauro: Never really permanent, but it's harder to change when it's permanent rather than just let it expire. So it's important to take, like I say, it doesn't matter who's in office, we have to take advantage of what they are allowing us to do or giving us or legally.   Speaker 1: Sure.   Tony Mauro: And making sure that from a financial planning standpoint, it helps all of us if on these Roth conversions and whatnot, because I'm a big fan of them, is to set yourself up for a good retirement, for that end game. So I think that's extremely important.   Speaker 1: Yeah. And it does give you guys a lot more of a window to plan, again, it's the devil that you know. Right. So if we know the tax rates, let's just, we're working off an assumption, but think about when you sit down with a financial professional, they're putting information into the software. They're still working off of assumptions, right, assuming that you don't lose your job or assuming this, this or this and that you can run scenarios for social security at this amount, plus you could run social security projections at the lower amount should they not fix that. Right.   So a lot of what you guys do is assumptions, right? You can put some good educated guesses and you can put stuff in the software and get a good picture, but life changes, things happen. So let's just again, run the assumption that the TCJA gets at least extended through four more years. Let's just say if nothing else through Trump's presidency. Well then that gives you four years of planning strategy around some things to try to get done while we are again in these historic low tax rates. And that can be very valuable.   Tony Mauro: I think so. Yeah. And going to the other side of it a little bit,-   Speaker 1: Sure.   Tony Mauro: Let's say they let them sunset.   Speaker 1: Okay.   Tony Mauro: Now, America's tax bill increases by 2.6 trillion over the next decade, which will help cut into the deficit, but it's going to impact consumption and growth and everything else because if everybody's paying more taxes, then they're going to stop spending, which poses problems from,-   Speaker 1: The economy standpoint. Right.   Tony Mauro: From the economy standpoint.   Speaker 1: Yeah.   Tony Mauro: And so it really is a tough job to try to balance all this.   Speaker 1: Oh, for sure.   Tony Mauro: And try to make it work.   Speaker 1: And we're not even talking about the conversation that they're having as far as maybe lowering corporate tax rates even a bit more. So under Trump's first presidency, he brought it down to where it's currently at, at the 21, I think it's 21%,-   Tony Mauro: Yeah.   Speaker 1: For corporate tax. That brought a lot of business back to the country. Right. A lot of companies, I mean, think about the Apple conversation. Apple brought $250 billion back in when that happened. By lowering that to 15, yes, there's the worry of ballooning the deficit, but again, the idea is to spurn on job growth and economic growth. Then again, coupling that with tariffs on certain things, which again, the tariffs he put in place, the Biden administration, they left them in place. So obviously they were working in that regard. So again, I think it's one of these pieces where it's going to take a while for us to see the end results of this, but I think we can, it feels optimistic that we could make a dent, right, in this massive debt by doing some of these things and also pull the country a bit forward.   Now, who knows, there's a long way to go, right, Tony, and of course the big key, the first thing is going to be the energy dependency. And that's of course, that's one of Trump's big things, is on day one he's going to get the drill baby drill going again. Right. And so people think about that. If we start getting more energy independent right from day one that he takes office, we're not going to feel that in the streets for a little while. Right. Transportation costs and stuff like that, they'll come down, which will bring groceries down eventually, but it will take a few months.   Tony Mauro: It's going to take a little while. Yeah. I mean, nothing they're going to do, like you said before, is going to have an immediate impact. I think for most of us, you want to see, like you said, country moving potentially in the right direction. Of course, everybody's got their own opinion on what that direction is, but,-   Speaker 1: At least fiscally anyway, right?   Tony Mauro: Yeah. Yeah. Fiscally, I think we all can agree that nobody likes to see this kind of deficit and whatnot and constant different administrations continuing to,-   Speaker 1: Yeah, add to it.   Tony Mauro: Yeah, add to it, not do much about it. Then we've got all these problems on the side that nobody really seems to tackle until it's really at the last minute.   Speaker 1: Because we're really mortgaging, not necessarily you and I, Tony, our future, but we're certainly mortgaging our grandkids future,-   Tony Mauro: Absolutely.   Speaker 1: At $36 trillion and climbing. Somebody's paying this bill somewhere at some point. And we think back to the deficits we've had before, and we kind of took care of that into the Clinton administration. And I was talking with, we talked about this before, I was talking with former US comptroller, David Walker, who was part of that, and he's like, "Bill Clinton was the last fiscally responsible president we had." That says something. Not from a party standpoint, but from the fact that we've had multiple administrations since Bill Clinton and none of them have been fiscally responsible. So we've got to get back there. And yes, Trump was already president and they weren't necessarily fiscally responsible. So hopefully he's learned as well. And we try to get in that regard because think about again, what you guys do. If you are trying to help somebody plan for retirement and they come in and you've got the X's and O's, the exact number, what's happening with their income and they're not being fiscally responsible, their retirement strategy is not going to work.   Tony Mauro: Not going to work. We're the ones that have to break that to them and try to figure out some options to help them try to make something work.   Speaker 1: And they have to make changes. Right. Your options are spend less, right?   Tony Mauro: Yep. Yeah.   Speaker 1: Save more. So there's only certain things you can do, and that's where we're at as a country as well.   Tony Mauro: I think it is. And I think you go to the countryside and say, well, okay, you can tell the politicians to spend less if you can get them to do that. But then I think they tend to divert things to other things that they want to do rather than spending less. But I think where they really fall down is, and sometimes it's the tough decision when we're talking to our clients where you have to save more is sometimes they may have to say, look, guys and gals or country, we've got to raise taxes or we got to come up with some ways to make some money somehow, and this is what we've come up with. And nobody likes to hear that.   Speaker 1: Oh, for sure. I mean, I got a feeling that they're going to take a look at this and while we might extend the TCJA, they do want to make some changes. The SALT tax, there's some changes there. They're talking about putting itemization back in, which could be very helpful for citizens into their tax planning. But we could be looking at a slight brazen Medicare tax. Right. So that may be necessary as well in order to help fund that whole situation. So you're not going to make an omelet without breaking a few eggs.   Tony Mauro: That's right. That's right. And we've got all kinds of issues. I think, like you say, social security is one of them. Coming down the pike that's going to get more and more attention as we get closer to those deadlines and yeah, they're got to make some tough decisions. And sometimes they're going to be a little bit unpopular, but I think they probably could do a better job of at least when they do come up with some things, conveying it to the American people a little better.   Speaker 1: Well, the TCJA is going to be a big focal point. We'll see how that goes. Probably within the first 100 days we might see something there. We may not. Right. Because it doesn't expire until the end of 25, but obviously that's starting next year. So I got a feeling it's going to be early on the docket, so it could be something that happens in the first 100 days. And again, we're just speculating, spitballing a little bit here this week on the podcast. So we'll certainly keep an eye on it Tony. As the administration starts and executive orders start to fly, we'll start to kind of see how these things affect not just the market, but other pieces. And when you think about the market standpoint, it obviously reacted very favorably to the election. It slowed a little bit, but I think it seems to be fairly positive for now.   Tony Mauro: I think so for now is right. I think yeah, that election euphoria has kind of subsided a bit, but nevertheless, we're still chugging along. The economy even with higher prices and whatnot is doing pretty well. I think it'll help if rates come down and,-   Speaker 1: Yeah, our unemployment numbers have been climbing obviously, and there was some fudgery there, so I think we've got a little bit more unemployment than we hoped for, but we'll see as the year winds down. I know there's some companies out there laying off and hopefully they'll be able to, and again, I think that's the idea behind some of the job growth. Right. Keeping the tax rates low will help spurn on the job market. So it's a fine line. It really is incredibly complex when you start to think about it. And it's the same thing with what you guys do, helping people plan for retirement.   Tony Mauro: Yeah. And I've only been to Washington DC a couple of times both on business and got a chance to get in front of our Iowa Congress people, and it's fascinating to see how, we all complain about them, but how our government, how massive it is and how it does seem to work with all of its problems, we plot along and it's just an incredible beast.   Speaker 1: Yeah.   Tony Mauro: You have to try to get things done and make decisions.   Speaker 1: It really is. Yeah. And some would say maybe a little too big, so,-   Tony Mauro: Yeah. Yeah. Maybe.   Speaker 1: Too big a government is not a good thing. So hopefully we'll see some of the reduction in there. And that could help. And again, this is going to be like a three-legged kind of milking stool, same kind of idea. They're going to have to do multiple moving parts to get us in a better space, but we'll keep an eye on things. We'll talk about things here on the podcast and try to shed some light on them. But at the end of the day, you really, as Tony said, to start this whole thing off, you have to kind of build and structure a plan, Tony, that's going to weather whatever administration and whatever happens to come down the pike because we don't have a lot of control.   Yes, we used our voice to vote. Obviously that was very resounding this year for Republicans. They won all three. It appears as well as the majority vote, the popular vote. So we'll see, right? I mean, but we can do that job there. But at the end of the day, you still want to strategize and have a plan that kind of deals with the ups and downs of life because life will keep trucking along.   Tony Mauro: You do. I would say after the first year, my advice would be to get with your advisor or find one and have them explain some of this to you and how it could affect you individually, whether it's on taxes or how it's going to affect your financial life.   Speaker 1: Absolutely. Yep. So if you need some help, reach out to Tony and his team at Tax Doctor, Inc. Again, he's been helping families for 30 plus years. He's a CPA, a certified financial planner and an EA. So great resource for you to tap into. Just give them a jingle or reach out to them online. We'll have all the links in the show notes here for you to check out. But you can go to yourplanningpros.com to get started. That's yourplanningpros.com to get started. And again, we'll have that information in the show descriptions of the podcast. And don't forget to subscribe to us if you would be so kind on Apple or Spotify or whatever platform you like using. If you enjoy the content and find it useful, you can also share that with others who might benefit from the messages as well. And we'll see you next time here on Plan With The Tax Man. Happy Thanksgiving once again to everybody out there and Tony, you as well, my friend.   Tony Mauro: All right, we'll see you next time.   Speaker 1: We'll see you in December here on Plan With The Tax Man.   Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.

Fiscally strained authorities turn to desperate measure, uncertainly around a massive China backed Cambodian canal project, & Xi Jinping's busy week of diplomacy.China Update provides listeners with the most up to date political, economic, and geostrategic analysis on China - so that you are on top of the world's number 2 economy.   These podcasts are based on hundreds of articles, think tank reports, government statements and other resources in English and Chinese every week. The views and analysis are all my own and I produce the podcasts.  My Patreon: https://www.patreon.com/chinaupdate  Disclaimer: China Update is not a financial advisory channel. While I take great care in researching everything discussed in these podcasts, nothing I say should be taken as investment advice. Please speak to a professional before making any investment decisions. #China

Whether to extend four trillion dollars in tax cuts or raise them next year is in question, with 34.1 trillion dollars in federal debt hanging in the balance. Some argue that tax cuts don't do enough to pay off the debt and not raising taxes imbalances the federal budget. Others argue our debt is caused by government overspending and will be helped by tax cuts that help promote a flourishing economy. Now we debate: Is the Republican Party's Refusal to Raise Taxes Fiscally Irresponsible?  Arguing Yes: Oren Cass, Executive Director of American Compass    Arguing No: David McIntosh, President of the Club for Growth  Nayeema Raza, Journalist at New York Magazine and Vox, is the guest moderator.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Finance Ministry has been identified as the most fiscally reckless public institution in Ghana for the period from 2021 to 2023, maintaining a similar ranking from 2015 to 2020. This conclusion comes from a report by IMANI Africa and Oxfam Ghana, which assessed financial irregularities among Ministries, Departments, and Agencies (MDAs) in their third edition of the Fiscal Recklessness Index.

This week, Aaron and BRAND NEW CO-HOST MICHE BRANSCUM cover new reports about the KY GOP limiting public information about the cost of bills they are passing, some work they're doing to further cut the amount of revenue the state takes in - primarily from the wealthy, and a reminder about the cost of Amd. 2 - the voucher vote we'll be confronted with on Nov. 5th - Then, we have an interview with Shaela Worsley the youngest Kentucky delegate who represented our fair commonwealth at last week's DNC. Finally, we close out with a November call to DO SOMETHING #ColonelsOfTruth #ProgressKentucky NEWS OF THE WEAK:⁠https://www.lpm.org/news/2024-08-01/confidential-hiding-the-cost-of-legislation-from-kentuckians⁠ ⁠https://kentuckylantern.com/2024/08/21/fiscal-path-clear-for-another-cut-in-kentuckys-income-tax-cut-lawmakers-hear/⁠ ⁠https://kypolicy.org/the-impact-of-diverting-public-money-to-private-school-vouchers-in-kentucky/⁠ ⁠https://www.kentucky.com/news/politics-government/article291559020.html⁠ INTERVIEW: Shaela Worsley, KY's youngest female delegate to the DNCContact her to coordinate voter registration efforts!⁠https://www.facebook.com/shaela.worsley⁠ instagram: shae_wors TikTok: shae_shae85 CALL TO ACTION (you know, DO SOMETHING)Join ProKY's election campaign!⁠http://progressky.org⁠ #ProgressKentucky - #ColonelsOfTruth Join us!⁠ http://progressky.org/⁠ Support us!⁠ https://secure.actblue.com/donate/progressky⁠ Live Wednesdays at 7pm on Facebook⁠ https://www.facebook.com/progressky/live/⁠and on YouTube ⁠ http://bit.ly/progress_ky⁠ Listen as a podcast right here, or wherever you get your pods:⁠ ⁠https://tr.ee/PsdiXaFylK Facebook -⁠ @progressky⁠Instagram -⁠ @progress_ky⁠Twitter -⁠ @progress_ky⁠ Episode 175 was not very produced by Aaron Theme music from the amazing Nato - hear more at⁠ http://www.NatoSongs.com⁠Logo and some graphic design provided by Couch Fire Media

Adam Mills, Director of Brewing Operations at Sonder Brewing sits down with David Lentz of Brewed Fiscally to discuss the biggest financial pitfalls when starting or operating your brewery! Adam Makes Beer Podcast: Spotify: https://open.spotify.com/show/4Si7TqiEY7ZeTq3D7CwqMU Apple Podcast: https://podcasts.apple.com/us/podcast/adam-makes-beer/id1695229502 Instagram: @adammakesbeer Equipment Sponsor: Blichmann Engineering Pro Brewing Website: https://www.blichmannengineering.com/pro-brewing Email: Probrewing@Blichmannengineering.com --- Hello, I am Adam! I am Director of Brewing Operations at Sonder Brewing outside of Cincinnati, OH. I am a former high school and university educator, and I have been making beer for a living for over a decade. My goal here is to give a behind-the-scenes look into the craft brewing industry, and to share any knowledge I have. I am not the perfect brewer, but I am always pushing myself to get better and to learn more. Our goal in the brewhouse is to always aim for the bullseye, knowing we will never hit it. That mantra keeps us focused on continual growth, and helps us appreciate the journey of improving as brewers.

At the heart of America's economic future lies a pivotal question: How do we create a more affordable nation without compromising our long-term fiscal health? The Republican National Committee's 2024 platform offers a bold vision, promising to end inflation and make America affordable again through deregulation and energy independence. While it looks good on paper, we each need to read beyond the headlines and ask what hidden consequences might lurk beneath well-intentioned policies? Veronique de Rugy from Reason joins the show to talk through the proposal and talk about the reality of their goals.

Bobby Bonilla last played in the MLB in 2001. The New York Mets continue to pay him about $1.2 million every July 1, which they will continue to do until 2035 when Bonilla is 72 years old. It's the wildest contract in all of pro sports.Plus, a look at the California state income tax and why Shohei Ohtani is deferring the majority of his contract until after it ends. And the NBA Draft happened! Did you watch? We sort of did, but that second round being at 3 pm local time sure didn't help. Sean's mantra for Bronny James is “tough road ahead.”Send us some words of encouragement and we'll cherish them forever. Follow Sports R Dumb on Instagram or give the show a rating or review on Spotify, Apple Podcasts, or Goodpods. Thanks for listening!

Steven Dover, chief market strategist at Franklin Templeton — the head of the Franklin Templeton Institute — says that America's fiscal and monetary policies are sending mixed signals, "driving our car hitting the gas and the brakes at the same time." Fiscally, it's the gas, as shown by economic numbers, but the Federal Reserve is hitting the brakes, which makes it hard to figure out what's next, contributing to recent market whipsaw moves. Dover says current conditions suggest that investors should get out of cash and into assets that will do well when the market declines, because he expects a mild downturn and soft market at least until there is more certainty on direction. Todd Rosenbluth, head of research at VettaFi looks at a trendy new actively managed core bond fund for his "ETF of the Week," noting that he thinks that active management for fixed income makes sense in today's interest rate environment, noting that managers can flex into different bond types to make the most of current conditions. In the Market Call, Stash Graham, managing director at Graham Capital Wealth Management, makes his debut, talking individual stocks.

In this sermon, Pastor Snook shares with us very practical steps on how we can aim to be fiscally fit.

We've got plenty of dumbness in this episode! Joey has a tumultuous experience trying to attend a baseball game in Phoenix. Sean has a $40 margarita at a comedy show. And perhaps most distressingly, people still care far too much about what pro athletes are making. Say it with us: It's not our money. We don't need to worry about it.

This month, we're starting a series of conversations with other financial coaches, discussing the commonalities of what we see our clients face, how we help them overcome those challenges and what tactics couples can use to start taking complete control of their money.  My first guest coach is Kelsa Dickey, with Fiscal Fitness Phoenix and the Financial Coach Academy. A 15 year veteran in the personal finance coaching world, Kelsa has plenty of stories, experiences and lessons she's told, seen and learned with her clients.  Her approach integrates insights from the financial and fitness realms, drawing parallels between managing money and maintaining physical health. In this conversation, Kelsa talks about finding a financial approach that aligns with her client's natural inclinations or goals, and highlights how important mindset and consistency is to achieving financial success. She delves into the personal aspect of money management, addressing fears and misconceptions that often hinder progress, and emphasizes the significance of personal buy-in to any financial plan.  Kelsa also alludes to the life changing benefit of working with a personal finance coach and comments that managing money is not a one-size-fits-all approach, which means most people need personal guidance and accountability to truly succeed in their journey to achieving financial independence. Ready to take the next step in gaining control over your money?  1. Download the “6 Secrets to Healthy Money Conversations” guide  2. Register for my FREE masterclass “Financial Freedom Blueprint” here Or 3. Schedule a FREE Discovery Call to determine if you would benefit from 1:1 coaching

This week, Laurie Dean and Dan are joined by Independence City Manager Zach Walker who talks in detail about Get Fit Independence and the financial implications of the general obligation bond that is being discussed. --- Send in a voice message: https://podcasters.spotify.com/pod/show/we-have-issues5/message

The US is on a fiscally unsustainable path, which has dire implications. Tough words, but they aren't mine, they are those of the US Treasury Department. Those who can absorb these ideas and respond early tot heir implications have the best chance at a more prosperous future.

This podcast is an accumulation of interviews I did live at the pelican Institutes Solutions Summit.  The interviews are with people that are very freedom, liberty, fiscally conservative, and less government minded talking about their organizations that are like watchdogs over all of the above when it comes to State and Federal government policies.  There are a couple politicians blended in that are also very freedom oriented that are working on these same principles.  Each interview will be separated by a very brief break and an intro into for the next interview.  Within these interviews are what I think are a lot of really great ideas and details on the organizations that are fighting for personal and economic freedom.

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Sometimes in your journey with money it's hard to know if you're headed in the right direction. Today, Paul, Evan, and Ira talk about an article that gives four ways to tell if you're fiscally fit in your 40s. Listen along as these advisors share how they help move clients toward financial health and a retirement that reaches their goals.   For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Friday, February 2nd, 2024Today,  Trump Org CFO Allen Weisselberg is in negotiations to plead guilty to a perjury charge; President Biden hits violent Israeli settlers in the West Bank with sanctions; the House votes to expand the child tax credit; Trump spent $50M dollars on legal fees in 2023; the European Union secures $54B in funding for Ukraine; the 10 Oregon Republicans that walked out in 2022 have been found ineligible to run for reelection; the GOP has its worst fundraising year in a decade; a teenager is accused of orchestrating hundreds of swatting instances; and MAGA world is planning on fighting the Taylor Swift Phenomenon with Kid Rock. Plus Allison and Dana deliver your good news.More from our Guest:John Fugelsanghttps://www.johnfugelsang.com/tmehttps://podcasts.apple.com/us/podcast/the-john-fugelsang-podcast/id1464094232Trump's Former Finance Chief in Negotiations to Plead Guilty to Perjuryhttps://www.nytimes.com/2024/02/01/nyregion/weisselberg-perjury-trump-fraud.htmlHouse passes bill to enhance child tax credit, revive key tax breaks for businesseshttps://apnews.com/article/child-tax-credit-house-republicans-speaker-johnson-4da25a4188ad27693e9d8755e7481b76Oregon high court says 10 GOP state senators who staged long walkout can't run forreelectionhttps://apnews.com/article/oregon-republican-walkout-reelection-f1d270db9e9a72935c13b973d79a4bb7Biden issues executive order targeting violent Israeli settlers in the West Bankhttps://www.cnn.com/2024/02/01/politics/west-bank-settlers-executive-order/index.htmlSubscribe to Lawyers, Guns, And MoneyAd-free premium feed: https://lawyersgunsandmoney.supercast.comSubscribe for free everywhere else:https://lawyersgunsandmoney.simplecast.com/episodes/1-miami-1985Check out other MSW Media podcastshttps://mswmedia.com/shows/Follow AG and Dana on Social MediaDr. Allison Gill Follow Mueller, She Wrote on Posthttps://post.news/@/MuellerSheWrote?utm_source=TwitterAG&utm_medium=creator_organic&utm_campaign=muellershewrote&utm_content=FollowMehttps://twitter.com/MuellerSheWrotehttps://www.threads.net/@muellershewrotehttps://www.tiktok.com/@muellershewrotehttps://instagram.com/muellershewroteDana Goldberghttps://twitter.com/DGComedyhttps://www.instagram.com/dgcomedyhttps://www.facebook.com/dgcomedyhttps://danagoldberg.comHave some good news; a confession; or a correction?Good News & Confessions - The Daily BeansFrom the Good NewsTransgender Day of Visibilityhttps://glaad.org/tdovAsian American Center of Frederickwww.aacfmd.orgOperation Second Chancewww.operationsecondchance.orgThe Frederick Children's Choruswww.fredcc.orgHealth Betterment Initiativewww.hbi-dc.orgMission of Mercywww.amissionofmercy.orgCrossed Bridgeswww.crossedbridges.comCommunity Ministry of Prince George's Countywww.cmpgc.comJoin the private Facebook GroupBehind The Beans | Facebook Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercast https://dailybeans.supercast.com/OrPatreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts

Whoever wins the 2024 election will soon face a critical decision about extending four trillion dollars in tax cuts expiring next year. Whether taxes will be raised, or cut is in question, against the backdrop of 34.1 trillion dollars in federal debt. For the past few decades, the Republican Party has embraced the belief that lower tax rates and less government spending boost the U.S. economy. However, there is disagreement among conservative thought leaders about the way forward on taxes for the Republican Party. Specifically, some argue that preferences for tax cuts ignore the looming deficit and that refusing to raise taxes further imbalances the federal budget. However, others continue to argue that our debt is caused by government overspending and will actually be helped by tax cuts and that these same cuts also help promote a flourishing economy.    With this background, we debate the question: Is the Republican Party's Refusal to Raise Taxes Fiscally Irresponsible?  Arguing Yes: Oren Cass, Executive Director of American Compass    Arguing No: David McIntosh, President of the Club for Growth  Learn more about your ad choices. Visit podcastchoices.com/adchoices

It's our annual Thanksgiving Holidays Special! So we're doing what we do every year (we think?) and that's discuss the new Alison Roman Thanksgiving episode of Home Movies. Top Chef talk never starts. ----more---- Subscribe for new episodes every Monday. Rate us 5 stars and let us know what you had for dinner last night in the review! This episode was edited by Bryan A Jackson. The Pod Chef theme song was produced and performed by Jeff Ray.  Pod Chef Links Follow us on Instagram and Twitter - @podchefpodcast Follow Bryan on Instagram - @bjacksonininaction Follow Jamal on Instagram - @hell0newman Our intro was produced and performed by Jeff Ray - https://www.instagram.com/jeffrayfilms/

Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.On this edition, Joe speaks with: Bipartisan Policy Center Senior Vice President Bill Hoagland about Speaker Mike Johnson's plans to cut funds from IRS to pay for a standalone Israel aid bill. Bloomberg Politics Contributors Jeanne Sheehan Zaino and Rick Davis about the role the Republicans in the Senate will play in supplemental spending negotiations.     FULL TRANSCRIPT:     You're listening to the Bloomberg Sound On podcast. Catch us live weekdays at one Eastern on Bloomberg dot com, the iHeartRadio app, and the Bloomberg Business App, or listen on demand wherever you get your podcast. The White House threatens to veto the Republican Israeli Aid bill, as the CBO now says that bill will add to the nation's deficit. Welcome to the fastest show in politics, as we get a first look at the fine print in the Speaker's plan on Israel, even as the President takes his own approach, including money for Ukraine for the border. We'll be joined ahead by Bill Hoagland at the Bipartisan Policy Center with analysis from our signature panel. They're with us on this FED day. Rick Davis and Genie Shanzano weighing in as well on the latest from Washington and Israel. And Welcome to the Wednesday edition of Bloomberg Sound On. I'm Joe Matthew in Washington, where, of course it's going to be all about the FED, certainly here on Bloomberg starting in about a half hour's time, when we'll bring you our special coverage of the FED meeting. The announcement and the news conference. But we have breaking news on Israel that I want to start with today, and I'm glad you're with us here on the radio, on the satellite, and on YouTube. You can always find us on YouTube by searching Bloomberg Global News. The cameras are lit with the headline on the terminal. Biden says some Americans will depart Gaza today. We're just hearing this now from the White House, as the President says American citizens will exit Gaza today and the US expects more departures tomorrow and over the coming days. He also said save passage has been secured for wounded Palestinians and for foreign nationals to exit Gaza. And this is the type of headline that some of his critics in his own Democratic Party have been looking to see, with much more news coming out of Israel and Washington. Here, the Speaker of the House, Mike Johnson, is having lunch today with the Senate Republican Conference. Interesting as we turn to the matter of funding, and this is something we're going to talk about in a moment with Bill Hoagland. We brought this to you yesterday. Speaker of the House wants to split Israel funding from the rest of the supplemental package that the President has put forward, And if you listen to this show, you could probably tell us by now yourself that was going to include Ukraine, the border in Taiwan. Not so, says the speaker who's going to bring that bill to the floor tomorrow. It looks like and it is also expected to fail, so lawmakers are weighing in now. Republicans say this is a way of keeping the governments from spending too much money that we heard from the CBO when we learn it's actually going to add to the deficit. And Senator Ben Cardon of Maryland, who's now chair of the Senate Foreign Relations Committee, says, GOP is playing games with the money. We need to keep this together because it represents the priorities that need to be done. Now, there are supplemental appropriations which were not planned for in the normal appropriation process. There's no need for offsets, and we got to get this dumb without the political parsianship we see in the House. Now that's the chair. The Republican Senator from Wyoming John Barrasso, also on that committee, says, no, this is the way it should be done, and more specifically, pay for it by defunding the IRS. I support defunding the IRS taking that money out of that as a source of payment for the money to Israel. I want to make sure Israel has what they need to fight the war they need to fight. So there you have it from both sides of the aisle. According to the Treasury Department, If that matters to you, those thousands of IRS employees will not be targeting small businesses and regular Americans. In fact, we heard from the IRS Commissionery yesterday said these offsets would end up costing ninety billion dollars in fact, because of less scrutiny on tax evasion at the highest levels of wealth. So much for armed agents knocking down your door. This is where we start with. Bill Hogan, Senior vice president of the Bipartisan Policy Center, spent many years working on Capitol Hill. Knows how the sausage is made and might be helpful here with a reality check. Bill two questions your thought number one on just putting Israel funding alone on the floor, knowing that it likely doesn't have support, but too paying for it with IRS funding, calling it an offset when it's actually going to cost more maybe you can help me rationalize this. Well, thank you for having me, Joe. Again, this is an area where we seems that Republicans like to go to, and that is reducing the IRS budget. We've been here, if you recall back in the spring, when we were dealing with the debt limit, increasing the debt limit, finding offsets. Historically, the scoring on this particular issue has always been that if you have additional money that you provide for the IRS to to carry out their responsibilities, does result in an increase in revenues collected. And so I'm an old CBO or, so I'll be a little biased here, but I think the CBO is right that if you're cutting fourteen billion dollars out of the IRS budget, then you shouldn't expect them the revenues that were anticipated to come in. So I think this is an unfortunate situation. Literally, as we speak here right now, Joe, the Senate is voting on a Center Rand Paul amendment to the Senate Appropriation Bill to reduce the IRS funding and it's going to fail. So I think we'll get over this. And as you mentioned in your comments earlier, I think the House does not have the votes to use the IRS as an offset. This is an emergency. In the past, when we've had emergencies, yes, we don't usually offset let's say disaster spending. And I think this is a critical emergency that I'd like to see it offset, but i'd like to see it offset with real spending reductions as opposed to the IRS budget. Okay, we'll see if that happens. I'm assuming that we won't get that far with this legislation, But does the Senate lead the way here then? Bill they're looking at a combined appropriations bill that would include the money for Ukraine that I know turns off a lot of House Republicans. Well, I think we're probably headed toward a situation Joe here in about two and a half weeks when we're up against another possibility of a government shutdown and the current Continuing Resolution runs out. I think all this is going to get bunched up as it relates to that next Continuing resolution around the middle of November, where we'll probably have a situation where we will have both the funding for Ukraine and I think Israel, but also most importantly, as we keep remembering that the President's request does also include about to a similar amount about fourteen billion dollars, the same amount for Israel for border security here in the United States, for new border patrol agents, new immigration judges and asylum officers and custom officers. So I think where we're headed here is a combination getting up against that deadline in November the seventeenth, when we'll see this coming to a head once again. I think, yes, I think the Senate's going to play a pretty big role here in terms of what they send over the House. I think this is going to be a major test for the new Speaker, and it could lead to here we go again. It could lead to a potential shutdown. But I hope that we can get over this and we can find a solution where we have both the funding that we need here on the domestic side of the equation or our border security, as well as some disaster response. We keep forgetting that the President not only had a request for Israel and Ukraine and border, but he also had something for about a fifty five billion dollars for disaster relief. We still have FEMA problems, we still have such issues, are sorting with the issues around the child Care Stabilization Fund. So we have a we have a lot, they have a lot to do in a very short amount of time. I want you to picture this as we understand. The Speaker of the House is attending the Senate Republican lunch today, CNN reporting, who was flanked by Senators Rick Scott and Ted budd on the way in and did not answer questions. Does this sound like a meet and greet to you or a real conversation about what you and I are talking about? Well, we always have the policy lunches, and I'm not there. I can't say exactly what's going on. But no, I think they have I think the news A lot of senators who do not know the news speaker have not have not met him. This is an opportunity at least to have an initial reaction, But I think they will get down. They'll have to get down to some substant discussions very quickly about where the Senate's headed and where the Speaker wants to go, and what they'll be able to work out between the two two chambers going forward. Once again, I have to believe this is going to come down to no surprise coming from the Bi Parson Policy Center, that you're going to have to find a solution here that includes both Democrats and Republicans. At the end of the day, that may cause again problems for the new Speaker, as it did for mister McCarthy, but this is too important of an issue not to find some quick Biparson solutions providing the aid that Israel needs, that Ukraine needs, and our borders need. We're talking with Bill Hogland at the Bipartisan Policy Center and you mentioned you mentioned the word that I might not have brought up otherwise, and that's shut down. But it's important to note what's not going to make headlines today, Bill, and that is the House Rules Committee taking up Transportation and Housing Bill, an Interior Environment spending bill, along with the supplemental budget request, and I know the Senate is taking up minibus today. There are actually professionals who should be taken seriously who are working behind the scenes to do the real work of the legislature. The question is can they get anything done in time? Do you think this new speaker makes the idea of a shot down more or less likely? Well, I think the Speaker had made it very clear and part of his mode of selection process was to agree that they would the House would pass what we call the twelve regular appropriation bills, and as you say, Joe, they have passed. They still have seven bills to do, the Outstanding and Transportation, Legislative Branch, Financial Securities, Interior, and Agriculture. They still have to do those individual bills. And that's what they're doing in the House, and I think that's what the Speaker said he would do he'd passed those bills individually. Difficulty is going to be that, of course, that's fine, but we have a United States Senate that's also trying to get its twelve bills done and it has not passed any of them yet, and that's why they're bundling their bills into three package, three packages of three, and they'll end up, i think, probably trying to try. They'll have to go to conference and work this out. This is all going to come down once again to another continuing resolution. I don't think there's any question that we're going to have to have a continuing resolution. I think the Senator has made that clear. I think even the House Speaker expects they'll have to have a continuing resolution. And the question will be will be that at as it was back on October, the first, will that be at the current level which caused mister McCarthy some problems. But I see they are working their best just to do the basic funding that they have to do for the current fiscal year that we're in, fiscal year twenty four that began here a month ago. Yeah, it's always great to spend time with you, Bill. Do you think the motion to vacate will be beefed up at all? They're going to raise the threshold on this or is it going to stay the same way it is looming over this speaker? Listen, I'm an oh Senate staffer or not a House staffer. I can't really comment on the rules of the procedures in the House that much. But I have to believe, having spent what twenty one days or so and the chaos over in the House, that they do not want to go through that again. And I think that to the extent that the new Speaker can at least get his twelve individual appropriation bills done and out of the way. He's met at first. He's got over a first hurdle here that allows him to not face the possibility of another emotion to vacate. I just don't believe they want to go through that again. And I could be wrong, but I think that they have a speaker now, they want to work with that new speaker, and we'll continue to work on this. I want of them to remain optimistic that we will get through this difficult time. There are major issues that have to be addressed here, and I hope that we can find a common ground between the House and Senator over the next at least thirty or forty days. Bill Hoaglan, Bipartisan Policy Centers, Senior Vice President, one of our next door neighbors. Almost here in downtown Washington. Great to see you, Bill as we assemble our panel today. Rick Davis and Jeanie Shanzano are back together Bloomberg Politics contributors. Ricky sounds kind of like, you don't ask me about what's going on in that crazy house. I'm a creature of the Senate. But in this case, the Senate's going to loom large over this process. And I wonder if that's why the speaker is at that GOP luncheon today. What do you think they're talking about. Yeah, look, this is a normal courtesy that would be granted to any new speaker. It doesn't have much of a footprint up on the Senate side, and obviously the things that he is doing right now today are having a prety dramatic impact on the Senate agenda. You know, even just bifurcating the supplemental bills with trying to take an independent vote on Israel is upsetting the Republican majority or the minority in the Senate. And so I think it was probably like, hey, we need to get him up here and make sure we set our agendas together. So half introduction, half agenda setting, but frankly, because of the time that we have available, probably later than it should have happened, but obviously an important meeting. When's he going to sit down in the Oval office? Jeni? You hope it is soon. You know, he just hasn't had the opportunity to meet everybody, including the president, even though he is second in line to the presidency. So there should be a meeting and there should be real conversation. You know, he's only been on the job for a week, so it is going to take some time to get up to speed. But those personal introductions are critically important, as is his staffing. You know, the man hasn't even had a chance. He's starting to staff up, but that is a huge challenge. Been a hiring spree in the last twenty four hours. We can talk about that. We just heard from him on the CBO score. That's next. This is Bloomberg. You're listening to the Bloomberg Sound on podcast. Catch the program live weekdays at one Eastern on Bloomberg Radio, the tune in app, Bloomberg dot Com, and the Bloomberg Business App. You can also listen live on Amazon Alexa from our flagship New York station. Just say Alexa, play Bloomberg. Eleven thirty. We just heard from the Speaker of the House, Mike Johnson, for the first time on this new CBO score on the standalone Israel funding bill. This is the one that the CBO said would add almost twenty seven billion dollars to the budget deficit, remembering that it would be paid for by taking money from the IRS. And this is where we're getting some discord here. Fourteen point three billion dollars and cuts to IRS funding that was part of the Inflation Reduction Act. Now, the White House already says that it's going to veto this thing if it reaches the President's desk, which apparently it's not because I don't know the votes in the House. The Senate doesn't like it, and the Speaker says, I guess pay no attention to the fine print. Heerio, you'd be careful, everybody careful. Were you surprised by the CBO's courser, Not surprise at all. Only in Washington, when you cut spending do they call it a are you along in? Only in Washington, when you cut spending do they call it an increase in the deficit. Let's assemble our panel for their take. Genie Schanzano and Rick Davis are with us. The math is difficult to argue with here, Rick, am I missing something? Yeah? I think the political overlay to this right American public here is that the Speaker is trying to cut funding. Maybe a little of that seeps into oh, by the way, it's the irs, and virtually none of that will go to OH. The CBO says that'll increase the deficit. I mean, like CBO doesn't have a mouthpiece like the speaker does. But then there's reality, right, Genie, that's right, And we talked about this yesterday, and so only somebody trying to play political games, and not very effectively, by the way, would try to pull the wool over people's eyes and pretend that they didn't realize that cutting this money to the IRS would actually decrease revenue and increase the deficit. It is a pay for it that doesn't pay for anything. We do need to pay for our spending, but you have to do it in a fiscally responsible and even somebody I don't know, in maybe third grade math, can figure out that when you cut IRS enforcement, you diminish our ability to collect money that the government needs to keep funded. And so Mike Johnson should know that. I am terribly concerned if he doesn't realize that. But I think he realized it, and he's trying to play political games and the politics aside. All thinking people realize this is the reality. It doesn't take a math genius. This has nothing to do with Washington. This is to do with Mike Johnson trying to play political games. Fiscally responsible people don't do this. Just look at Tom Massey, a very conservative guy, who said this is not fiscally responsible. It will add to the deficit. Even Marjorie Taylor Green said the same thing. So you know, he's got to go back to the table on this. Let's find some real cuts for the new speaker so he can move ahead. We know we're in trouble when Genie is quoting Marjorie Taylor Greenrick, I don't know what you want to do with that, but I will point you to the Republican Accountability Project, Rick Davis, what do you think of It's a six figure ad campaign to shame Speaker Johnson over his efforts to overturn the twenty twenty election. This is another part of, of course, the narrative in his first full week on the job, that we're hearing a lot more about the amicus brief that he wrote that would have brought from the state of Texas these results to the Supreme Court. Here's just a taste of this ad. It's gonna be running in primetime on Fox News. Republican Mike Johnson just became Speaker of the House, but he's the last person who should be leading Congress. After Donald Trump lost the elections, Johnson started pushing Trump's big lie, pressuring the Supreme Court to overturn the will of voters in four states and if they go on to call him a danger to our democracy. Rick, I could keep this thing running, but I'm sure we'll all begin and dated by the ad. If we're watching cable news, who's this resonating with? You mentioned the lack of a megaphone at the CBO. Will this get into the right living rooms? Will it make it? Then? I don't get into some I mean they've obviously targeted the right states, you know, Georgia, Arizona, Michigan, Pennsylvania, Wisconsin. I mean, that's where the fight's going to be for a presidential election. And by the way, all of a sudden, we have a new speaker who nobody's ever heard of, which means they don't hate him yet. You know, voters hated Nancy Pelosi, voters hated you know McCarthy. Voters hate our leaders because they have to go through all this kind of negative campaign advertising. And here's this guy Johnson no one has ever heard of. They haven't learned to hate him yet. So this is step one and teaching people to hate, you know, Speaker Johnson. It's critically critically important that the Democrats are able to demonize Republican leadership, and Mitch McConnell's kind of hard to argue with he's doing a lot of business with Democrats these days, so they're gonna have to find someone to be the target. Johnson's time in the barrel is now his time in the barrel? Genie. How long is it going to last? You know, I think it will, it will last. I have long thought that it's really really tough to demonize the new speaker because his personality doesn't really play with that. You know, it was far easier for the Republicans to demonize Nancy Pelosi than it's going to be to demonize somebody like Mike Johnson. His personality is, quite frankly, a lot more like somebody like our former president, a former vice president, rather Mike Pence. And I think that's going to make it tough now or is he going to go through vetting? Are people going to look back at what he's done? All of that is fair game. All of the things that he has said, he hasn't been vetted as most speakers would be, and so a lot of this is new. But I think unless he changes his tone in a distinct way, that demon demonization is going to be hard. But I do think anybody who plays a role in trying to say the twenty twenty election was stolen. That is fair game to say, look, folks, this is who is leading this party. Do you feel safe putting your trust in this party to run the House? I think that's fair game. He's the one who led the charge quietly as he did. Well. When you go big picture, Rick, and you look at that Bloomberg poll that we've talked a lot about with Morning Consult, looking at these seven swing states that are critical, some of which will have that ad running in them, the economy ends up being the number one issue. And is this why no one seems to be dwelling on twenty twenty. Yeah, I think twenty twenty is well. The only person who's dwelling on twenty twenty is is Donald Trump. And the Democrats couldn't be happier about that. That's what they want point. But everybody else is like moving on and Democrats are using a lot of the issues to their success from twenty twenty. We see it in advertisings everywhere here in Virginia for the legislative elections that are next week. Abortion, abortion, abortion right. I mean it was Republicans are going to take away your rights, and so we know where they're headed, and Republicans are talking about the economy, so you know, money's on the economy, and that's where I think the twenty twenty four election will be prosecuted at. That's why Biden's going to Wisconsin to talk about the economy and bringing jobs to rural America, you know, trying to get some of those blue collar jobs back. So you see it playing out in real time. But I would say, you know, shoot your bullets on you know, Speaker Johnson in a presidential targeted state doesn't make much sense. If they think it's going to be Trump, they ought to be shooting at him. How about that. Rick Davis and Geenie Shan say, No, great conversation on what is truly the fastest show in politics today, because we've got a Federal Reserve announcement coming up here, and I want to thank you both for great insights. As always, our signature panel Bloomberg Politics contributors Rick Davis and Genie Shann say, No, I'm Joe Matthew in Washington, where tomorrow it's going to be inflation, inflation inflation, right. Thanks for listening to the Sound on podcast. Make sure to subscribe if you haven't already at Apple, Spotify, and anywhere else you get your podcasts, and you can find us live every weekday from Washington, DC at one pm Eastern Time at Bloomberg dot com 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[00:00:00] Lynn Erdman: I'm a huge believer in adding young people to the board. In fact, I did that right before I left my last CEO position. I had interviewed a young lady who happened to have a great position in the city where I was working and I can remember suggesting her to the board and saying, I think she would be a great addition and I can remember the faces like, are you kidding? She's in her twenties. And I can't see where she can contribute.  I talked to her recently and talked to one of the board members recently, and she is a star on the board and has brought all types of things to the organization. +++++++++++++++++++++++++++ Tommy Thomas: Today, we're continuing the conversation that we began with Lynn Erdman in Episode 104.   Lynn started her career as a floor nurse and worked her way up to senior leadership in the hospital. Over the course of her career, she also held senior leadership positions with the Carolina's Healthcare System, American Cancer Society, and Susan B Komen for the Cure. She has also served as the CEO of two healthcare nonprofits. Not only has she reported to nonprofit boards, but she has served and continues to serve on nonprofit boards. Let's pick up the conversation where we left off in Episode 104. [00:01:20] Tommy Thomas: Let's move over to board service because you've served on a lot of boards and currently serve on a variety of boards, I just want to get some of your insights. Let me begin with a friend of mine, Dr. Rebecca Basinger, and her thoughts on governing boards. She says governing boards are charged with safeguarding an institution's ability to fulfill its mission with economic vitality. To this, I would add responsibility for attending to the soul of the institution. When you think of the purpose of a governing board, what are you thinking about? [00:01:56] Lynn Erdman: Definitely if you're a governing board, you need to make sure that the institution, what it's built on, what it's founded on, all of that is intact and being followed as it should be. And you're really simply overseeing the operation, but not the details of the actual functioning of whatever organization that you're looking at. I serve on the board of trustees for a university right now, and we are really a governing body. We are overseeing, making sure that we get reports on the finances, we get reports on the changes in academics, but we really are not there to make all of those changes. We're simply there to oversee and make sure and ensure that people that are investing and paying to come to this particular university, that the governing part of it is in good shape. [00:02:58] Tommy Thomas: The Board Chair is such a critical responsibility. Give me some words and phrases that in your mind describe a great Board Chair. [00:03:09] Lynn Erdman: Someone who is willing to ask a question, someone who is very insightful, someone who trusts others around them, and someone who will look farther than many other people who are sitting around him or her. In other words, they will delve very deeply into a particular issue and they pull good people around them. That to me is a really good leader. You can't have all of the skills. So, if you're forming a board they have to have skills that you do not have yourself so that you can ensure that all the skills that are needed are sitting around the table. [00:03:56] Tommy Thomas:   You served on several boards. How is that most effectively accomplished? How do you fill out the board with all the board needs? [00:04:07] Lynn Erdman: I sit on a different board right now with another university and we actually use a committee as well as the board, the entire board, to look at where we have holes or gaps in what we are trying to accomplish, and we actually have made a grid and we look at it and then we seek out those areas where we really do not have the strength we need to have. For example, we're looking for a legislator, a state legislator because of several of the things that are going on that would be a great addition to this particular board. So how do we go about it? And then collect ideas. As if you're brainstorming, from everybody at the table, people have got ideas, they've got connections, they've got the ability to tap other people and find out information as well. So I find using the people you've got around you helps as well. [00:05:11] Tommy Thomas: What are the best practices you've observed on onboarding? [00:05:17] Lynn Erdman: The best orientation I've seen is one I saw recently, where they not only got to meet the top people in this particular organization, but they got to actually see the mission at hand. So, if the mission was to take care of homeless people, for example, then they got to see that in action while they were going through their orientation. And then they had not only information presented to them, but they had a great opportunity to ask questions about every section of the information that was presented. And that actually, because I've seen lots of meetings and I've been in lots of them where it was Board onboarding and you get a book, you get information, you're supposed to read it ahead of time, you come, you have a pretty brief session, you go through some of the finances, some of the things that people don't even understand because they haven't gotten on the board and you're done with your board. And that, I find leads to the first time they show up at a board meeting, they don't have any way to contribute. And if there's a way to get them more ingrained in the whole organization and what it exists for, then the contributions that the person, the new board member, can provide. I find it much more robust. +++++++++++++++++++++++++++ [00:06:44] Tommy Thomas:  Somebody is considering joining a nonprofit board. What kind of questions should they be asking themselves or should they have answered before they say yes? [00:06:53] Lynn Erdman: They need to know if they believe in what that organization, that nonprofit is doing because if they don't, then there's no reason for them to join the board. What I've seen over the years, and what always annoys me, is somebody joining a board to have their name on the letterhead or to add that piece of board responsibility, or board accolade to their resume. And that is just all the wrong reasons to be on a board. If you're really interested in bettering yourself and serving on something, then why do I wish to do that? I can remember interviewing somebody not too long ago who wanted to join a board. One of the first things she told me was that she wanted to be involved in the community. And then I said, but why this board? And then she got into why. And it made plenty of sense because of her experience and the fact that she had lost a relative with what this organization was focused on. If you've got a passion, then indeed you should be asking yourself, can I contribute? Do I have time? And will I put the time into it if I commit? [00:08:13] Tommy Thomas:  I'd like to get your thoughts on bringing younger people onto a board. We hear a lot about bringing people in their 30s and 40s into nonprofit board service. I've interviewed people who have been pro that, and then I've interviewed, surprisingly, two or three people who maybe think that maybe people more my age are supposed to have the wisdom to be on a board.  What are your thoughts there? [00:08:40] Lynn Erdman: I'm a huge believer in adding young people to the board. In fact, I did that right before I left my last CEO position. I interviewed a young lady who happened to have a great position in the city where I was working and I can remember suggesting her to the board and saying, I think she would be a great addition and I can remember the faces like, are you kidding? She's in her twenties. And I can't see where she can contribute. I talked to her recently and talked to one of the board members recently, and she is a star on the board and has brought all types of things to the organization. So I always believe in, and part of the reason is, if you get people younger than the average age on your board, they're going to bring something new, innovative, and thought-provoking to your conversation. I promise they will because they're going to ask things that we live in our world, that we might not be thinking of because they see whatever from a 30-year-old viewpoint versus the average age of the board. It can make a huge difference. [00:09:56] Tommy Thomas: I'd like you to respond to this quote. You need a director on the board who will be a pleasant irritant. Someone who will force the board to think a little differently. That's what a good board does. [00:10:06] Lynn Erdman: I totally agree. And the reason is, if everyone on the board agrees all the time, then number one, you're never going to get anything done, or you're going to keep doing the same thing you've always been doing. You've got to have some type of catalyst or a person on the board that is going to challenge. And oftentimes, if you're sitting on the board, you think, oh, that's irritating. I know Susie's going to come up with that. Or I know Frank's going to say something because there's no way we're going to get through this discussion. But if you're open, it always gets you to a different place. Even if you end up still back with some of what you talked about, it's opened everyone's eyes to make sure you've thought through the whole process. So yes, I think that's extremely important. [00:11:03] Tommy Thomas: How does the board chair draw people into the conversation? If you've got a quiet person on the board and you think you probably wouldn't, but I've been on boards and I've consulted where you do. How does a good board chair draw everybody into the conversation? [00:11:18] Lynn Erdman: I'm a board chair right now for an organization where I have a person, I actually have two, that are very quiet. And I was hearing from one of the staff members, I don't think this person's very interested in being on the board. I thought, let's don't jump too quickly. And so if we're having a discussion where several people are weighing in on a topic, then I will call on this person and say, I want to hear what your thoughts are. I never put him on the spot because if somebody is quiet like that, oftentimes there's a reason. They like to think or process. So always let some other people talk, but always include the people that are very quiet and make sure that they're heard as well, and it's pretty insightful to get some of the information that comes from them. [00:12:05] Tommy Thomas: Another quote. The chair and the CEO must learn to dance together. And neither can stray far from each other's gaze or proceed independently. [00:12:19] Lynn Erdman: Very true, and you can't have one that's the leader and one that's the follower. They do have to be in sync, they have to dance the same steps, they have to know where the other one is getting ready to turn, and they need to know the hot buttons for each other and they need not push them. They need to say, okay, yeah, I realized that's going to be a tender spot for him. And so, I'm not going there. I might have a conversation with him afterward about what I'm thinking and see what he's thinking. But never show that you're not in unison when you are together. It's extremely important because as soon as you do, the board sees anarchy almost within the setup. It's okay to disagree. I'm not saying you can't disagree, but you make sure you do it where it's comfortable and not necessarily always. ++++++++++++++++++++ [00:13:14] Tommy Thomas: Let's go to the optimal size of a nonprofit board. I read a quote, it says, from Ernest Haepel the fewer board members, the better. If it's 18, I'm just not interested. [00:13:28] Lynn Erdman: I think you've got to have enough members to meet the goals and the needs of the organization. And if you can do that with four or five members and do it well, then I think that's great. I find that a good size for most boards is anywhere from 15 to at max 25. But you know, erring on the 15-type side but for boards of trustees for universities I find that you end up with usually over 20. Simply because you need people from a lot of different areas, but you also need people who are going to fundraise for you. It's extremely important when you get your board too small in any type of organization, and you're always interested in finance and money, then you can't make it work. So, I think you've got to have diversity too. And the smaller the boards you have, the less diversity you have. [00:14:31] Tommy Thomas: What about the reality of the executive session on a board? How, you're chairing some, you're serving, what are you seeing there? [00:14:43] Lynn Erdman: At one of the universities where I'm on the board of trustees, I find that we do executive sessions. The President of the university stays for the first part of the executive session, and then we always discuss his performance. So he leaves the room, and then we continue with executive discussion for the last 15 minutes or whatever. And it's always about his performance at that point, and he's not present there. And then the board chair communicates back to him if there's something that needs to be shared at that point in time. So it's always, I find executive session kind of two-part. And I think it's always good if you can have the leader of the organization present for at least a portion of it, but all the staff leave. So that's where I find an executive session, to me, that's what it means. All staff leave except for the head of the organization. [00:15:41] Tommy Thomas: Let's talk about the CEO evaluation there. What best practices have you observed? [00:15:48] Lynn Erdman: I have observed several. I've observed some worse practices too, but from a best practice standpoint, it's when every board member contributes, even if it's a written evaluation where you're checking boxes and making comments, that type of thing, and you compile those and then the board gets to see that back and meets and gets to talk about comments before it's ever given to the president of the organization. I find that works the best and that you've got time to think through and that you actually have an evaluation that is done that's got some great critiques of the work that they've done, but it's also got some constructive criticism where that they can improve that is tangible and that is doable. You can't just tell somebody you don't like something. What do you really want to see them accomplish? Spell that out so that it can be understandable.  [00:16:55] Tommy Thomas:   Does the CEO, does the board chair, deliver that or who does deliver it? [00:17:04] Lynn Erdman: I think it's too intimidating for the entire board. I've seen it done with a small group, two or three people doing it as well. But I think that you've got to have that relationship with the board chair and head of organization as well. So that works well to be able to have that type of conversation where the board, Chair, and the president can talk freely so the president can say wait, that really hurts me or I hear it, but help me think through this instead of being in a group of people saying that's the way you feel. So there needs to be at least some trust and some support of the person in that senior role. [00:17:49] Tommy Thomas: How are you using the committee structure on some of your boards right now? I use task forces for projects that have a beginning and an end.  When the project is complete, we sunset the task force.  Committees are sustaining and usually serve for a long period of time. [00:17:55] Lynn Erdman: Definitely, I've got task forces and committees. So I use a task force if it's a project that has got a beginning and an end to it. And then I can get something done. The task force may run for a year. It could run for longer, but I use them for that. And then committees are going to be something that is sustaining and that is going to run over a period of time. And I find that works really well. Then I can sunset task forces and say, and even, show, okay, this was the goal. This is what we did. And this was the outcome. Then committees continue and report throughout the process. And oftentimes their goals can change too, but they're standing and they're going to continue. It's always good to think about which committees you need at the end of every fiscal year. Are the committees still valid? And if not, what needs to be added or what needs to be changed for those committees? [00:19:02] Tommy Thomas: Give me some pros and cons on term limits. I am a big believer in term limits on nonprofit Boards. [00:19:06] Lynn Erdman: Oh, I'm a big believer in term limits. Because I've been on boards where people were on it indefinitely. In fact, in one of the recent CEO positions I had a board member on there who had been on there indefinitely. And it was like, okay, how are we going to do this? And yes I think that three-year terms are good. I think two-year terms are very quick. You get on, you barely figure out what it is, you've got a second year and you're done. So I'm a proponent of three years and a recurring if you want to do six and then you got to step off at least for a year if not longer. [00:19:49] Tommy Thomas: Philosophically, are you in favor of the boards being involved in the strategic planning or should that be the CEO's job to do that or have it done and bring it to the board? [00:20:00] Lynn Erdman: I'm in favor of a two-prong approach. I believe the staff should do the strategic plan with the CEO and then bring it to the board and the board should have a discussion about it. And the reason I say that is they're going to be the ones that have to carry it out. They're the ones who have their feet on the ground. They're seeing all the needs every day. I always want boards to weigh in and say, what do you think needs to be in the strategic plan? What things would you want to see? But I think it's a joint effort between staff. I've seen it done where the board has been solely responsible for the strategic plan. Staff had no input and then watching it be carried out is not a pretty picture. +++++++++++++++++++++++++ [00:20:43] Tommy Thomas: You and I are old enough to remember the Enron scandal, and then there have been many since then.  Talk to me about fiscal responsibility and the board. The Board must take fiscal responsibility seriously.  You have to have people who have the courage to ask the hard questions. [00:20:56] Lynn Erdman: Yes that is the board's responsibility. Fiscally, it's important. I was with an organization, and this was several years ago, where the board did not take their fiscal responsibility into play. Just trusted the numbers that came out, did not look any deeper than that. And there was actually money being siphoned off by leadership. And it really almost destroyed, in fact, did destroy for a number of years. The organization has to look deep. You have to ask the questions. You've got to have people on your board that are going to ask the questions. You have to share the finances and you have to be open and honest when there are troubles. It's okay to have a whistleblower. You need to make sure that all the staff know that the policy has to be in place so that somebody can share if they see something in the workplace that the board should know about. [00:22:06] Tommy Thomas: Where should the board get involved in risk management? Is that a board function? [00:22:15] Lynn Erdman: I think the board's responsibility is to, if the organization is going to make a decision to go into something, they need to be looking at all the risks that are there for the organization. And if they're not doing that, then, and leaving that just to the board and the staff, then you can see it where there's a disjunction between the board and the leadership, and that'll destroy an organization too. So anytime anything new is coming into play that's going to impact the organization, the board has got to be involved, at least knowledgeable enough to ask questions and to know. [00:23:03] Tommy Thomas: Succession planning is something that I find overlooked a lot. When should the board and the CEO begin to talk about succession planning? [00:23:13] Lynn Erdman: Depends certainly on the size of the organization, but the best time to do it is at least a year before the person's going to leave, if not before. I'm with an organization now that started looking two years before. And, to me, they've done it right. Better than anybody I've seen with the CEO being extremely honest more than a year out saying, I'm planning to leave the organization, and here are the steps in place so that all the employees know what's coming and that the board has been working on this thing for a year before that it was even told to the employees. So that's when you have a good, healthy organization. When it's just a surprise, and sometimes that happens if they decide to fire a CEO or whatever, then all of a sudden you haven't thought through a succession plan. Before a board does that they should know who they'd like to put in place before, even if they're going to make the decision to let somebody go, they should be thinking through because you can't decide that the board chair is going to run the organization and if you do, you're asking for trouble. [00:24:20] Tommy Thomas: What are the pros and cons of grooming your next CEO from within? [00:24:28] Lynn Erdman: I certainly think there are many organizations that have quite wonderful talent within the organization and people within an organization always like to see people move up. On the flip side of that, people within an organization don't always like to say they know the person who's coming in as CEO, and instead, they think, oh, if it comes from the outside, then we're all on even playing field. If it comes from the inside who does this person like, who are they friends with, those types of things. So I think it's a mixed bag, but there's always talent within an organization. It never should be overlooked. [00:25:09] Tommy Thomas: What's been your experience with the outgoing CEO staying around in an advisory or emeritus role? I am not a fan of the CEO staying around in an advisory or emeritus role.  That can be a recipe for disaster.  The outgoing CEO needs to make a clean break from the organization. [00:25:19] Lynn Erdman: It is my experience, personally, has been it's a disaster. There really needs to be a separation there. If they come back and they're offering some insight and that type of thing a year later, or something of that nature, but there has to be a clean break. The person that moves in as the CEO has got to be able to make their own decisions without looking over their shoulder and thinking what would that person do if they were sitting here, maybe I should ask them, and then they're never going to be at the caliber and the level that they potentially could serve most meaningfully. Yeah, I believe that there needs to be a clean separation. Now, I have seen successful separations where the person that was in that top position came back as, and this happened to be at a university, came back as faculty for a particular course, again, later. And that's totally different. They're not there in an advisory role, but I do think, certainly for a short period of time, if you're going to have some overlap, that's different, but when the person is fully taking their position it's time to separate.  [00:26:34] Tommy Thomas: I want to bring this to a close by circling back on your career. You've come full circle. You started out in nursing. You've risen through the ranks, you've started organizations, you've been a CEO, and now you're back as a registered nurse. How does one do that? [00:26:54] Lynn Erdman: Yeah, I look back on my career, I've been extremely blessed, and I've had opportunities that have unfolded before me that I really never thought I would have, and certainly would have never thought that as I was coming through college. It's always been because someone saw something in me that I did not see, or someone believed in me even more than I might have believed in myself. And for those opportunities, I've gotten to grow and learn in a whole variety of settings and all of the past number of years have been a non-profit. But I happened to serve on a board of directors that meant a lot to me and I've served on a lot of boards, but this one really touched my heart. Because of the fact that they were dealing with people that were often homeless, but certainly addicted to drugs and alcohol. That's a type of nursing I have never done. And so I remained in contact with the CEO of this particular organization over the years, just as friends, and I called the CEO about a year before I knew I was going to retire and said, I'd like to volunteer when I retire. And I wanted to work with the women because that's where I've spent most of my career, with women and women's health and cancer and those types of things. And I can remember him looking at me across the coffee cups at the table saying, I have a PRN nurse position. I'd love for you to look at that. And I thought, oh, I just said retirement. Anyway, I looked at it and I thought, oh that would be good. I keep my nursing license and just dabble in this a couple of days a week and sure enough, he was wiser than I was because not only did I retire from a long career of full-time work, but I started doing a day or two a week at this organization and I'm now full time. And I would tell you that it's probably one of the best jobs I've ever had. I absolutely love it. It's an incredible way to end my career and an incredible way to do retirement. I have nobody who reports to me, number one, which is a really nice thing. I have lots of people who care about me and I care for and are so grateful for the services that I provide. When you leave work and people are outside, good night nurse Lynn, we love you. Can't wait to see you tomorrow. You think oh my gosh this was not like it was when I was a CEO, you know, that type of thing. It's a really nice and wonderful way to use the skills that I've had all of this time, but was away from the bedside, now circled all the way back. A great wrap-up in the group. Yeah, you are really blessed and grateful. I would tell a younger version of myself to take advantage of opportunities and don't beat yourself up for making mistakes.  Learn from your mistakes and keep moving. [00:29:54] Tommy Thomas: If you could go back and tell your younger self something, what would that be? [00:30:00] Lynn Erdman: I would tell my younger self to take advantage of every opportunity and don't beat yourself up for the things that you make mistakes in. Because I know I've been hard on myself. I'd come home thinking, how stupid am I? How could I have done that? How did I make that decision? Just roll with it, learn from it, and keep moving. ++++++++++++++++++++ Tommy Thomas Thank you for joining us today. If you are a first-time listener, I hope you will subscribe and become a regular. You can find links to all the episodes on our website www.JobfitMatters.com/podcast. If there are topics you'd like for me to explore, my email address is tthomas@jobfitmatters.com.   Word of mouth has been identified as the most valuable form of marketing. Surveys tell us that consumers believe recommendations from friends and family over all other forms of advertising. If you've heard something today that's worth passing on, please share it with others. You're already helping me make something special for the next generation of nonprofit leaders. I'll be back next week with a new episode. Until then, stay the course on our journey to help make the nonprofit sector more effective and sustainable.   Links & Resources JobfitMatters Website Next Gen Nonprofit Leadership with Tommy Thomas   Connect tthomas@jobfitmatters.com Follow Tommy on LinkedIn

 Presidential Hopeful Ryan Binkley discusses his plan to help get our country back Fiscally. Binkley for President https://binkley2024.com/ Get some Swag Gear at https://www.tripleplaylife.com Resource One Advisors https:// www.RS1A.com CS Design https://csdesign.online/ Support the show

She calls Simon to tell him about the p[possible shut down and what she wants to get done to avoid it.

Hey friends and fellow nonprofit nerds! Get ready for a super fun and informative chat with my buddy Raj Thakkar. You may know Raj as the founding genius behind FOREsight Financial Services for Good. But did you also know he's the author of a brand-new book called Fiscally Secure?! Raj knows his stuff when it comes to helping nonprofits get their financial ducks in a row. And let me tell you, it is WAY more interesting than it sounds. Who knew analytics could be so uplifting? In this episode, we're talking all things budgeting, fundraising, and shaking that scarcity mindset! Raj shares his 10-step framework for getting – and staying – fiscally fit. I know it sounds intimidating but I promise it's way more empowering than it is scary. We also dive into creative ways to build revenue that don't involve emptying your bank account. Hint: the answer isn't always hiring expensive development pros! Sometimes the best solutions are right under our quirky nonprofit noses. So pour yourself something fun (I'm drinking sparkling water with lime today!) and get ready to geek out on numbers. I promise you'll be feeling inspired, not stressed, by the time our chat is done. Sound like your kind of episode? Then click play! Let's get fiscally secure together, friends. “What I realized was there was actually a method to our madness and ended up calling it “The Fiscal Responsibility Method” where there's ten components to responsible financial management in the way we define it.” - Raj Thakkar Important Links:https://csbm.com/fiscally-secure/ https://www.linkedin.com/in/raj-thakkar-135b172/ --- Support this podcast: https://podcasters.spotify.com/pod/show/nonprofitlowdown/support

IBEC calls for taxes to increase; the Fiscal Advisory Council is deeply unhappy; and calls for a reduction in speed limits are both ill-conceived and unneeded.https://www.fiscalcouncil.ie/wp-content/uploads/2023/09/Pre-Budget-Statement-2024-..pdfhttps://www.rsa.ie/news-events/news/details/2023/01/01/13-rise-in-road-deaths-recorded-in-2022

IBEC calls for taxes to increase; the Fiscal Advisory Council is deeply unhappy; and calls for a reduction in speed limits are both ill-conceived and unneeded. https://www.fiscalcouncil.ie/wp-content/uploads/2023/09/Pre-Budget-Statement-2024-..pdf https://www.rsa.ie/news-events/news/details/2023/01/01/13-rise-in-road-deaths-recorded-in-2022

   Country singer Jason Aldean's song and video "Try That in a Small Town" is a classic example of a growing movement in America that can be described as conservative blowback.  It's working, it's growing and it's here to stay.  We have a handful of great examples of how we are taking back the narrative in this country.     Who knew Patrick Mahomes had a thrifty side?  We see the trips, the house, the cars and the clothes... but now we know he loves to bargain shop.    Didn't believe me about Taylor Swift indoctrinating young girls to not only be Swifties but be lefties?  Well, the new Barbie movie has seen how Swift has cashed in on this and is an exact copy.  Wait until you hear about a female movie reviewer that calls this movie, "man hating."    The city of Lawrence council has unanimously voted to declare the town a "transgender sanctuary city," whatever that is.  You have to hear this.    And stay to the end for the best quote you've ever head about Donald Trump.  Actor Jim Caviezel watched his film "The Sound of Freedom" with Trump at his New Jersey club Wednesday night and says the former prez is the only person that can stop all this child sex trafficking.  You have to hear this quote.

Fiscally conscious investors want to get the most for their money, and when it comes to working with an advisor, it's important to understand the fee structure and what value they'll provide. Now that anyone can research and access information at the click of a mouse, this question is extremely important to ask.   With more than 50 years of experience combined, Laura Stover, RFC® and Michael Wallin, CFP® understand the industry and what it takes to provide financial guidance for people working towards retirement. Those relationships, experience, and opportunity to learn from others is a huge benefit to working with someone like Laura and Michael, which is part of what we want to discuss. In this episode, we're going to break down the reasons why advisors are worth the fees they charge and how to evaluate the benefits you're receiving. Returns are important, but the things that can't be calculated like discouraging market timing and helping you avoid panic selling are two of the critical benefits to having an advisor on your side. They'll also share some data to go along with these reasons to help paint the picture. Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/ Rate, Review and Subscribe to the Podcast: https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188   How to Connect: redefiningwealth.info lswealthmanagement.com Schedule a Review: https://redefiningwealth.info/schedule/   Timestamps (show notes): 5:21 – The two ways fees are determined based on investments 8:36 – Quantifying the impact of optimal planning decisions 11:58 – Bringing increased returns with less volatility by rebalancing 15:10 – Accessing the research that advisors do 20:19 – Helping with investment strategies 23:20 – Helping clients avoid panic selling 29:09 – Discouraging market timing 31:39 – Saving you significant money in taxes

Yes, I got the other cart. There's fire coming and I'm excited. We're still buying and we're still strong.

Weekly Update --- Republicans Fiscally Irresponsible Act by Ron Paul Liberty Report

“A budget isn't a restriction - it's a statement of values” In the midst of bankruptcy, shame, and guilt, guest Dylan Bain made a DECISION to re-write his money story. After 7 years of walking a financially empowered path, his life is drastically improved and he's able to lead couples and individuals in crafting a life that serves ALL their needs. In this conversation, Jeddy and Dylan share how DEEP LOVE for family can drive financial shifts, why money is fundamentally emotional, and how value alignment is the key to harmonious and abundant living. Dylan has a gift for communicating SIMPLE, applicable wisdom so tune in and start re-writing your money story today!   Highlights: [04:04] How our MONEY STORIES begin with our parents and how to END scarce generational patterns. [09:29] Why grinding and hustling only take men so far - and why RESOURCEFULNESS and INTENTIONALITY are key to abundant living. [14:45] Do all men have a “WAKE UP” moment where they realize it's time to drop their old financial stories? [20:21] Why building CERTAINTY and SAFETY for your family is worth more than any story of being a struggling hero. [24:21] How did Dylan navigate the emotions that came up when his wife began earning MORE MONEY than him? [31:01] Why simply “CUTTING OUT” unwanted behavior is ineffective and how to uncover the truth behind it.  [35:52] Why syncing up VALUES is vital work for families and financially enmeshed groups of all kinds. [41:29] Why women are HIGHLY ATTRACTED to men who have their sh!t together. [46:02] Dylan's recipe for living SHAME FREE.   Connect with Dylan Bain: Instagram || @fiscallysavage Website || fiscallysavage.com Podcast || Fiscally Savage   Rising Man Links: Initiation || Compass is a 4 day 4 night fast and rites of passage journey. The Brotherhood || The most inclusive, actionable, and helpful container for men on this planet! Instagram || @risingmanmovement DOJO || A 4 day, carefully crafted sequence of rigorous exercises that will challenge the limits of your mental, physical, and emotional fortitude. Men's Teams || Are you ready to join other men JUST LIKE YOU who have found a way to RISE ABOVE life's challenges and create a life of purpose and fulfillment? Join our online FIRE CIRCLE!  YouTube || The Rising Man Movement Website || RisingMan.org

In this episode of the Playconomics podcast, host Bobby delves into a recent interview with Phil Spencer, the head of Xbox at Microsoft. Bobby breaks down Spencer's comments on competition in the console gaming industry and the company's approach to innovation. Spencer emphasizes that Microsoft is not focused on "out-consoling" its competitors, Sony and Nintendo, but rather on providing the best gaming experiences for its own customers. Bobby explores the implications of this approach for the industry as a whole, and how it reflects a more measured and collaborative approach to competition. Bobby also highlights some of the key strengths of the Xbox brand, such as its emphasis on cloud gaming and cross-platform play. He examines how these features may help Xbox stand out in the market and appeal to a broader audience. If you're interested in the latest developments in the console gaming industry and the strategies behind them, this episode of Playconomics is not to be missed. Tune in to gain a deeper understanding of the competitive landscape and the factors shaping the future of gaming. ----------------------------------------------------- LET'S CONNECT Podcast: https://open.spotify.com/show/4Eo0q02x6SmCkWWEwxLCRE Discord: https://discord.com/invite/BScMqXWPqv Instagram: https://bit.ly/3dXoZA7 Tik Tok: https://bit.ly/3uEnYne Twitter: https://twitter.com/playconomics --------------------------------------------- Playconomics is a weekly Podcast breaking down the business behind the 138 billion dollar industry that is Video Games. Hosted by industry nobodies (yet) Bobby Kawecki & Matt Mascari, Playconomics aims to educate and entertain, running down the news of the week, speculating, commentating, and having a great time. New episodes post each Monday at 9:00 am EST #playconomics #videogamepodcast #Videogamenews

The post Marriage Without Remorse: Be Fiscally Responsible appeared first on The Final Word Radio.

Season 4 of the Glow Up, Gyrl podcast begins with money talk! Tamesha Walker, Principal Founder of Sparkk Realty Financial Solutions, joins the podcast to discuss the importance of making smart financial decisions and teaching the next generation about money. —Connect with TameshaWebsite: sparkkrealtyfinancialsolutions.orgSocial Media: @tameshawalker—Are you happy in your career and looking to elevate to the next level? Do you love what you do, or is it a means to an end? Find out where you are in your Glow Up with our quiz!—Have a topic you'd like Kyra to cover or know someone she should interview? Send an email to hello@glowupgyrl.com!Stay connected to Glow Up, Gyrl! Follow us @glowupgyrl for more updates! Visit glowupgyrl.com for more podcast episodes. Watch podcast episodes on our YouTube channel. Chat with us via email at hello@glowupgyrl.com.

Hey there friends and weirdos! This week we discuss a Maryland native cryptid known as the Snallygaster! Is the Snallygaster truly a dragon-like chimeric beast, or is it a regional catch-all term for a conceptual boogeyman? Or is it, perhaps, a scapegoat for illegal alcohol peddlers during prohibition? And is this creature locked in an eternal battle with its natural enemy, another cryptid known as the Dwayyo? We try to get to the bottom of what's true and what's not with this bizarre cryptozoological creature!

Dylan and I chop it up about money. Personal finacne is 90% personal and 10% finance. Psychology, traumas, money, masculinity, expectations, parents, inner child, leadership.Ideal Man REVIVING MASCULINITY Music credit: (copyright not owned)Artist: Tune Surfers Title: Blood, Sweat and TearsCopyright provided by: SoundCloud.com

Today on What's Right: UDPATE: San Francisco considers $5 million in reparations for EACH qualifying black resident We've hit our nation's debt-ceiling limit Time to show some fiscal restraint to Democrat demands In-N-Out joins everyone else & moves out of California School choice & decentralizing Nevada's school districts Sam's recent car accident American Airlines pilot almost causes a t-bone plane accident Thanks for tuning into today's episode of What's Right! If you enjoyed this episode, subscribe to the show on Spotify or Apple Podcasts and make sure you leave us a 5-star review. Have personal injury questions? Visit Sam & Ash Injury Law to get free answers 24/7. Connect with us on our socials: TWITTER Sam @WhatsRightSam What's Right Show @WhatsRightShow FACEBOOK What's Right Show https://www.facebook.com/WhatsRightShow/ INSTAGRAM What's Right Show @WhatsRightShow

The Constitution of Utah requires it to have a balanced budget every year.  President Stuart Adams of the Utah State Senate and Susan Speirs, CEO of Utah Association of CPA's, discuss some issues the legislature will be tackling in this year's session. They say water conservation, the tax on food and school choice will be among the top 3-issues.  But there are many other topics - like affordable housing and energy infrastructure - up for debate, both in Utah and across the country in many legislatures. You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here.See omnystudio.com/listener for privacy information.

#lakeforestillinois #lakeforestpodcast #lakeforestmayor #randytackformayor Dr. Randy Tack joins Skoo Walker and Pete Jansons on the Lake Forest Podcast to discuss the upcoming Mayoral Election April 4th For The City of Lake Forest Illinois. https://www.tackformayor.com/Non-partisan. Fiscally responsible. Caucus endorsed. Stanford “Randy” Tack will serve all Lake Forest residents. No hidden agendas, no partisanship. He is committed to thoughtful stewardship of the city's critical assets to drive economic development while respecting historic preservation and the city's unique character. https://www.tackformayor.com/positionsRandy's Positions Thoughtful stewardship of our critical assets While the current District 115 Capital Improvement Referendum and the Lake Forest Library Capital Improvement Program are not technically within the purview of the Mayor and the Lake Forest Government taxing authority, I believe we need to maintain these critical assets in our community. As the Mayor and leader of the City Council I will work closely with these respective board chairs and members to ensure that we maintain our key legacy assets, and also have the difficult conversations around need versus want, to ensure that all Lake Forest taxpayers feel good about the return on investment from these key strategic capital projects. I promise to take the same approach concerning our vital environment and open spaces, including our Lake Forest Beach, public and private ravine system, historical bridges, roads, and City owned buildings. This is hands-on difficult management and problem solving work, not public private fund raising. I am uniquely qualified to ensure that this is done efficiently and effectively. Non-partisan agenda There is no place for partisan politics within the Lake Forest City Council. I will ensure our city's leadership remains focused on doing what is in the long term best interests of Lake Forest, and eschews politicization of issues and various political litmus tests. I'm committed to keep city government free of political partisanship. I fully support the Lake Forest Caucus, which has repeatedly fended off initiatives that would bring partisan politics and personal agendas into our local government. Fiscally responsible As Mayor I will maintain the city's AAA bond rating, continue Lake Forest's record of maintaining exceptionally strong cash reserves to protect the city's finances against unexpected major expenditures, continue Lake Forest's record of generating annual operating surpluses and not running deficits, remain committed to completing the city's groundbreaking effort to achieve the “flatlining” of Lake Forest's future pension funding obligations by 2025, and keep Lake Forest Property tax rates the lowest in the northern suburbs. Economic development while respecting historic preservation and the city's unique character I remain steadfast in our efforts to strengthen our East and West business districts and will work to continue to attract new restaurants and other businesses to both business districts. Maintain a productive working relationship with city staff The central element in collaboration with the city manager and staff is trust. The trust required does not come with the title of mayor. It is based on demonstrated intellectual capacity to understand complex issues, demonstrated performance as an alderman, and demonstrated respect for the skills, abilities, and integrity of the city staff. Trust is also established by a willingness to speak honestly about issues publicly and privately when appropriate. In the absence of trust, collaboration will be superficial and nonproductive, negating the key functions required of both mayor and city manager and staff. --- Send in a voice message: https://anchor.fm/lakeforestpodcast/message Support this podcast: https://anchor.fm/lakeforestpodcast/support

Two months ago, the British government released a “Growth Plan” that talked about tax cuts worth about $45B. That led to a series of events that culminated in Lis Truss going into the history books as the shortest-termed Prime Minister in the UK.Things are not looking good for the UK economy, with interest rate hikes and soaring inflation! Add to that the Sterling PoundSpecifically, Sterling Pound has fallen against the dollar by around 20% since the start of the year and inflation is at 9.3% as of November 2022. So - How did this happen?Today on Things Have Changed Podcast, we're going to talk about how the pound sterling is getting POUNDED! Tune in.Helpful Links:The pound is plumbing near-historical depths. Why?Britains Chancellor Offers up a Reckless Budget, Fiscally and Politically[UK Data on Inflation](https://www.ons.gov.uk/economy/inflationandpriceindices#:~:text=Consumer price inflation%2C UK%3A November 2022&text=On a monthly basis%2C CPIH,of 0.6%25 in November 2021.)A weaker pound does not spell disaster for BritainUK interest rates raised to highest level for 14 yearsHow to Invest a Million DollarsForbes Best Safe Haven InvestmentsSupport the show

(12/23/22) RIA Debt to Income Ratio Rules for 2023; Variable & Fixed Expenses; Money Talk at Christmas; It's just as good to Give as to Get; raising fiscally intuitive kids; Christmas songs we hate to hear. 0:00 - RIA Debt Ratio Rules & Songs We Hate at Christmas Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP w Senior Advisor Danny Ratliff, CFP -------- Watch the full show from which this segment was excerpted on our YouTube channel: https://www.youtube.com/watch?v=0nj1QVTTx3A&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2690s -------- Our Latest "Three Minutes on Markets & Money: "Jerome Powell Releases the Krackens" is here: https://www.youtube.com/watch?v=jSSgD8uPEsU&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show is here: "Four Things To Do if You Lose Your Job in 2023" https://www.youtube.com/watch?v=RjsU8egviN8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2683s -------- Articles mentioned in this podcast: "The 2023 Investing Outlook As The Fed Pivots – Part II" https://realinvestmentadvice.com/the-2023-investing-outlook-as-the-fed-pivots-part-ii/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FiscallyIntuitive InterestRates #RateHikes #JeromePowell #Recession #2023Economy #Markets #Money #Investing

Nicole Dooley is a former Hill staffer, GOP operative, and the Executive Director of The Pocketbook Project, a full-service non-profit organization that supports center-right women running for office or are interested in getting involved in the political process. The Pocketbook Project offers resources to fiscally responsible female candidates for federal, state, and local offices through mentorships, training, and webinars. Their focus is to help female candidates that support equality, the free market, fiscal responsibility, and government transparency make a difference in their communities and get elected for office. Nicole joins me to discuss the challenges many fiscally conservative women face in today's economic climate and why women need more resources to get more involved in running for office. We discuss why we believe government-funded universal Pre-K and childcare services should be perceived as a government investment instead of a ‘government hand-outs' and how it can positively impact the lives of millions of women. We discuss how the Democratic party turned the Pro-Choice message into a Pro-Abortion one and the impact that overturning Roe v. Wade had on female voters. We also discuss why we believe both parties have missed the mark on their messaging around women's rights and abortion rights and the hypocrisies we see in both political parties. “The more ability you give to women to get into the workforce, the more competition in the workforce you're going to have, and the better business is going to go.” - Nicole Dooley This week on Political Contessa: The challenge many fiscally conservative women are currently facing in today's economic climate Why government-funded universal Pre-K and childcare services should be considered an investment The impact that overturning Roe v. Wade had on female voters How Trump's support and message impacted the elections From “Pro-Choice” to “Pro-Abortion” How Democrats and Republicans have ‘missed the mark' on women's rights Why we believe both parties are filled with hypocrites Resources Mentioned: Podcast: Campaign Season Is In the Air with Nicole Dooley of Pocketbook Project Connect with Nicole Dooley: Pocketbook Project Pocketbook Project on YouTube Pocketbook Project on Instagram Pocketbook Project on Facebook Pocketbook Project on Twitter Awaken Your Inner Political Contessa Thanks for tuning into this week's episode of Political Contessa. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Spotify I Stitcher I Apple Podcasts I iHeart Radio I TuneIn I Google Podcasts Be sure to share your favorite episodes on social media. And if you've ever considered running for office – or know a woman who should – head over to politicalcontessa.com to grab my quick guide, Secrets from the Campaign Trail. It will show you five signs to tell you you're ready to enter the political arena.See omnystudio.com/listener for privacy information.

In This Episode, We Get Tactical About: - Maslow's Hierarchy of Needs - Money is an Emotion and we Make Emotional Choices Around Money - The Emotional Manipulation of Money - A Lone Wolf is a Dead Wolf That Doesn't Know it Yet - Women are Better at the Money Game - Why Partnering With a Good Woman is so Powerful - We all Have Trauma and it Manifests Itself in our Relationship With Money - None of us Come out of Childhood Without Scratches and Dents - Money is Not Natural - It's an Agreed Upon Fiction - How Does Money Make You Feel? - The Importance of Tribal Relationships in Your Finances - The Identity Around Your Money Story   Resources + Links: Connect with Kristofor on Instagram | @team_healey   How can Kristofor help you become an indispensable man? https://linktr.ee/krhealey   Download a free chapter of Indispensable: A Tactical Plan for the Modern Man   Get your copy of the book, here!   Shoot us a message on Instagram with your biggest takeaway @team_healey   Show Notes:   In the past eight years, Dylan Bain has gone from food stamps to financial sovereignty down a path that involved five jobs, four addresses, three degrees, two kids, and one vision of an amazing life. He has learned how to live, love, lead, and learn with his wife and raise their kids through all the challenges of those times. Now, in addition to working as a CPA, he runs Fiscally Savage, a financial coaching practice focused on the emotions of money, budgets as statements of shared values, and how to take control of your financial life and live free!   Fiscally Savage is a practice dedicated to creating a world of savages who live from their hearts by providing pathways to financial sovereignty. You can keep up to date on Dylan's latest classes and workshops by signing up for his newsletter at FiscallySavage.com.  You can follow Dylan on Facebook, Instagram and Twitter @FiscallySavage and can tune into the Fiscally Savage podcast wherever you get your podcasts!   Until Friday…Out of role!

Episode 393: In this episode you'll learn about…From Feelings to being Fiscally Savage. (0:46)Crafting a powerful financial vision. (10:54)Facing the mirror. (19:48)You're worth more than that. (30:17)Raising your standards! (38:21)Fiscally Savage WebsiteFiscally Savage on IG

Listen to “Chosen Family” now, on all platforms: ▶ https://www.youtube.com/channel/UC9WM_cdLWHtsCXLg3ygFiww ▶ https://podcasts.apple.com/ca/podcast/chosen-family/id1652942569  ▶ https://open.spotify.com/show/0yc257UifuN47iTWAmqAZn  Mak Ingemi is an internet content creator, videographer, and perhaps every woman's wet dream, but today she's in the apartment to do some pining for the one woman that's HER wet dream! We discuss being in a long-distance relationship, “U-Hauling” vs. waiting to move in with your partner, and how being a lesbian is really not conducive to excellent stock investments. Ashley dines on a “woman of the plum.” Maddie's a girl-girl-boy-girl-girl-boy.     You can find Mak on IG and Tiktok: @makingemi, And you can binge our new podcast, “Chosen Family,” now: ▶ https://chosenfamilypodcast.com/listen  Support WHGS for bonus content, uncut podcasts, live streams, and more: ▶ https://www.patreon.com/WHGS Ashley is coming to your city! Join her mailing list for ticket drops: ▶ https://www.ashleygavin.com/#dates,     or text “tour” to +1 (877) 497-0441 Check out our merch: ▶ https://shop.merchcentral.com/collections/ashley-gavin  Win a dinner with Ashley in your city! ▶ https://www.ashleygavin.com/win,      or text “notadate” to +1 (877) 497-0441 ______________________________________________ – CONNECT WITH US! – Newsletter: ▶ https://mailchi.mp/6de0153eb9c8/whgs Instagram: ▶ https://www.instagram.com/ashgavs/ TikTok: ▶ https://www.tiktok.com/@ashgavscomedy Twitter: ▶ https://twitter.com/ashgavs Ashley Gavin's Tour Dates: ▶ https://www.ashleygavin.com/#dates ——— Maddie Wiener's Instagram: ▶ https://www.instagram.com/maddietwiener/?hl=en  TikTok: ▶ https://www.tiktok.com/@maddietwiener  Twitter: ▶ https://twitter.com/maddietwiener  ——— Watch this on YouTube! ▶ https://youtu.be/D6aS6b87PP8  ______________________________________________ – SUPPORT OUR SPONSORS! – Raycon: ▶ Right now, get 20% off sitewide at https://www.buyraycon.com/whgs and use code EARLYBF to save on any Raycon product or save even more on holiday bundles Green Chef: ▶ Try the #1 Meal Kit for Eating Well at https://www.greenchef.com/ashley599 to get $5.99 per meal on your first box with free shipping BetterHelp: ▶ This episode is sponsored by BetterHelp. Give online therapy a try at https://www.betterhelp.com/whgs and get on your way to being your best self Rocket Money: ▶ Cancel unnecessary subscriptions today at https://www.rocketmoney.com/ashley Learn more about your ad choices. Visit podcastchoices.com/adchoices

Lagnaippe's Dale Liesch talked about Civic Center and Annexation - Is Alabama fiscally conservative - Midday Mobile - Wednesday 10-26-22

This week Bridget Kelly and Mandii B are joined by political fundraiser Jack Lofgren. In this episode the three talk about: 6:17- fundraising rules and the role of, PACs and SUPER PACS11:00-The reason most people don't pay attention to the midterm elections21:00- Louisiana Senator tells policie critics to “call a crackhead” next time they are in trouble 23:00- New York politician Mike Itkis partners with PornHub and releases his sex tape as a marketing tactic 26:00- Student loan forgiveness program42:00- How Skinfolk ain't always kinfolk 56:00- Mandii B actually walks through the steps she would need to take to run for office 58:00- Does voting really matter?1:00:00- How much money it actually takes to fund a campaign 1:04:00- Freshly Squeezed music playlist inspired by activist songs Freshly Squeezed playlist: Marvin Gaye- What's Going onM.I.A- Paper PlanesSam Cooke- A Change Is Gonna Come Kendrick Lamar- We Gon' Be Alright 2Pac- Changes —-------------—-------------—-------------Sign up for the official “See The Thing Is…” PATREON for EXCLUSIVE access & additional content: www.patreon.com/seethethingispod NEW YOUTUBE CHANNEL : https://www.youtube.com/channel/UCDdNnbwgSEpZUj6fJNozz4wAdvertise with us on Gumball: https://gumball.fm/shows/see-the-thing-is/61781b15b8db6d491d3See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Achieving financial freedom and independence is an arduous undertaking for many Americans. the good news is: You're not alone. A little over 55% of Americans do not use a budget to manage their hard-earned income, according to a new survey by The Penny Hoarder. A similar 56% of survey respondents said they didn't know how much money they spent last month. Emily Rassam, is a Senior Financial Planner for Archer Investment Management. “I have a true passion for helping clients make sense of their financial lives and develop clear plans to achieve their goals. Before Archer Investment Management, I spent 14 years at investment firms in New York and North Carolina working with families, executives, and institutional retirement clients. I am a CFP® Professional, Chartered Retirement Plan Specialist, Accredited Investment Fiduciary Analyst, National Social Security Advisor, and Certified Digital Asset Advisor. Credentials aside, I'm a huge budgeting nerd and aim to make financial planning topics accessible to everyone. In my down time, I enjoy traveling, cooking, reading, and hiking with my dogs. I currently serve as a mentor and run lead for Tri It for Life, an organization empowering women of all ages and athletic abilities to train for their first triathlon. I also serve on the board of YMCA Emerging Leaders in Charlotte, serve as a foster home for ABC Basset Hound rescue, and I am a Regional Leader and Carolinas Chapter Chair for WIPN (WE Inspire, Promote, Network) wipn.org, a women's leadership and networking group for women in the retirement industry. I live in Charlotte, North Carolina with my husband, 1 year old son, and 2 dogs.” She joined me this week to tell me more. For more information: https://archerim.com/ LinkedIn: @EmilyCaseyRassamCDAA,CFP