Podcast appearances and mentions of Kevin Mahoney

Tackling the labor shortage in science and medicine requires valuing healthcare as a noble profession and using technology to streamline training. In this episode, Kevin Mahoney, CEO of the University of Pennsylvania Health System, discusses the challenges of talent shortages amid a retiring baby boomer generation and a smaller incoming workforce, emphasizing the need for technology to fill the gap. He shares Penn Medicine's innovative initiatives, including flash radiation for cancer treatment and a startup providing maternal support, highlighting their commitment to both technological advancements and human connections. Kevin touches on the need to repair broken systems by speaking to the patients and fixing the issues, refocusing on clinical outcomes, and reimagining the delivery of care. He also underscores that embracing change management with intentionality is crucial for healthcare organizations. Tune in and learn how one of the nation's leading health systems is embracing bold strategies to improve healthcare delivery and workforce development! Resources: Connect with and follow Kevin Mahoney on LinkedIn. Discover more about Penn Medicine's University of Pennsylvania Health System on their LinkedIn and website.

Kevin has dedicated his career to helping people prepare for retirement. He assists corporate plan sponsors and their committees in meeting fiduciary responsibilities while guiding employees toward their financial goals.With over 25 years in financial services, he is a Certified Investment Management Analyst and Accredited Investment Fiduciary Analyst. His expertise spans corporate retirement plan design, implementation, and distribution.Before joining Raymond James in 2015, Kevin spent 24 years at Merrill Lynch. He holds a bachelor's degree from Fordham University and is an active member of several professional organizations, including the Investment Management Consultants Association and the Society for Human Resource Management. He also serves on the leadership councils for the National Association of Plan Advisors and The Retirement Advisor Council.Kevin is deeply committed to community service, currently serving on the Board of Directors for Rockland Hospital Guild and the Finance Committee for United Hospice of Rockland. He previously held leadership roles with Meals on Wheels of Rockland, St. Margaret of Antioch Church, and the Boy Scouts of America.His contributions have earned him notable recognition, including Meals on Wheels Business Man of the Year (2015) and the Fordham University Community Leadership Award (2016). He has also been named to the Financial Times 401: Top U.S. Retirement Advisors annually since its inception. In this episode, Eric and Kevin Mahoney discuss:The benefits of thoroughly documenting service hoursEnsuring consistency in delivering value Exercising caution when benchmarking servicesEngaging in holistic retirement planningKey Takeaways:Thoroughly documenting the time and effort spent servicing each client is an important process for advisors who want to truly justify their fees, enhance client retention, and identify both high and low-value engagements.Establishing a fiduciary training program, detailed service plans, and accountability measures is essential to ensure advisors consistently deliver value commensurate with their fees.Benchmarking services and fees against industry standards is vital, but advisors must exercise caution in data input to avoid erroneous conclusions regarding fee competitiveness.Advisors should engage in holistic retirement planning, including employee education, to succeed in the industry, while committees must scrutinize advisors' processes and pricing to meet fiduciary obligations.“If all you're speaking to is investments. You're going to struggle. You need to talk to the plan holistically. You need to talk to employee education. And you have to be committed to the best interest of the participants. And if you do that, I think there's staggering upside potential.” - Kevin MahoneyConnect with Kevin Mahoney:Website: https://www.raymondjames.com/mahoneygroupadvisors/ LinkedIn: https://www.linkedin.com/in/kevinmahoneytmg/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast is general in nature and is provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date but may be subject to change.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.

About Kevin Mahoney:Kevin B. Mahoney is the Chief Executive Officer of the University of Pennsylvania Health System, a cornerstone of Penn Medicine. Overseeing six hospitals, 13 multispecialty centers, and numerous outpatient facilities across Pennsylvania, Delaware, and New Jersey, he leads efforts to advance patient care, medical education, and research. Since joining Penn Medicine in 1996, Mahoney has held key leadership roles, becoming CEO in 2019. He has spearheaded major initiatives, including the development of the 1.5-million-square-foot Pavilion and the integration of Penn Medicine's electronic health records system. A champion of health equity, he established a partnership with Wharton to invest in businesses addressing social determinants of health. Recognized among the most influential figures in healthcare, Mahoney holds an MBA and doctorate from Temple University.Things You'll Learn:The healthcare field faces a critical talent shortage due to retiring baby boomers and a smaller subsequent generation demanding innovative solutions. Cultural shifts are crucial to attracting talent to science and medicine, emphasizing the nobility of healthcare professions over purely financial incentives.Healthcare organizations must remain agile and adaptable, embracing new regulations and technological advancements while staying focused on what matters most: patient care.Artificial intelligence is a crucial tool for achieving precision medicine, enabling proactive healthcare interventions based on individual patient profiles.By repairing systems and improving clinical outcomes, healthcare systems can find ways to continue improving the landscape.Resources:Connect with and follow Kevin Mahoney on LinkedIn.Discover more about Penn Medicine's University of Pennsylvania Health System on their LinkedIn and website.

Parents often ask, "Is it too late?" For example, "My child is already three and I've heard that the first three years are the most important. Is it too late?" Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why, in both parenting and personal finance, you can "recover, rebuild, and begin again." You may regret a few of your past financial choices. But it's rarely too late to change. And when it comes to retirement, you may want to start with a Roth conversion. Welcome to Financially Well, the finance podcast for Millennials.

In this episode, the CEO of the University of Pennsylvania Health System, Mr. Kevin Mahoney, sits down with undergraduate Divyash Shah to discuss his unique position in controlling one of the largest health systems nationally. While discussing the responsibilities he holds, he also discusses the effort required to create a health care system that promotes innovation and translational research while also ensuring healthcare equality. In the conversation, Mahoney describes his vision for his health system and hospitals nationally as he aims to make changes that will inspire others to follow his footsteps.

Sports gambling companies rely on complexity to make money. Because complexity enables them to misprice their offerings. Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses in this episode how complexity also exists in personal finance. Complex personal finance products, like whole life insurance, work for some people. But only for certain customers and under certain conditions. With money, simple and straightforward is often the better approach for most people. Welcome to Financially Well, the finance podcast for Millennials.

The U.S. stock market is up 27.49% this year. But you've probably never heard of 2024's best-performing companies. Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why effective investing doesn't require you to know these companies. When you invest in “passive” index funds, you're not here for entertainment. Instead, you're playing to win the game through the smartest route possible. Welcome to Financially Well, the finance podcast for Millennials.

Without an estate plan, probate can tie up your money for anywhere from three months to five years. Your family is too valuable to you to settle for that outcome. Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how a professional will, trust, and medical directives can fit your unique circumstances. The right estate plan ensures that you leave a financial legacy that will reflect you. Welcome to Financially Well, the finance podcast for Millennials.

Research suggests that, when you invest in a 401(k), the tax break earns you an extra 0.73% each year. But you also lock up that money until you're 59 and a half. Is that risk worth the benefit to you? Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we evaluate financial benefits and risks. We need to keep the big picture in mind. The connection between financial flexibility and living the life we want is strong. We can't dismiss that benefit. Welcome to Financially Well, the finance podcast for Millennials.

In this episode of DGTL Voices, host Ed welcomes Kevin Mahoney, CEO of the University of Pennsylvania Health System (Penn Medicine). Together, they explore Penn Medicine's mission, the strategic challenges the organization faces, and its commitment to becoming the most clinician-friendly health system. The conversation delves into how technology is reshaping healthcare delivery, the pivotal role tech leaders play in partnering with CEOs, and Kevin's unique leadership style. He shares valuable insights on the importance of authenticity, empathy, and collaboration in driving success in the healthcare industry.

Over a 10-year period through 2022, the average investment fund returned 7.7%. But the average person invested in those funds earned only 6%. Why?  Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains that the difference between your investment return and your index fund's return comes down to timing. And what if your investment mistakes merely reflect where else your mind was that day? Welcome to Financially Well, the finance podcast for Millennials.

Compelling options to save for retirement, including the mega backdoor Roth, exist. But only if you have access.  Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, talks about how the opportunity to save $69,000 in a tax-advantaged account is no small thing. You should be adamant that you get access. Welcome to Financially Well, the finance podcast for Millennials.

When your child makes a little money, the IRS will view the cash in their wallet as “earned income.”   But for once, this isn't a tax headache.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, talks about how these small paydays will create an opportunity for you to teach your child about investing. And they'll create an opportunity for them to experience compounding.   Then, when your child begins their adult life, they already may have a meaningful amount of money in retirement savings.   Welcome to Financially Well, the finance podcast for Millennials.

We can't do much to prevent investment losses. But we have choices after an investment setback.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains tax-loss harvesting in this episode. He compares tax-loss harvesting to a famous incident from the 1500s, and discusses how the strategy can help us to salvage tax savings from our frustration.   Welcome to Financially Well, the finance podcast for Millennials.

It's Friday, May 17, 2024 Welcome to Raging Chicken's Friday Politics Roundup. This is Kevin Mahoney, editor and founder of Raging Chicken. Each week we break down the good, the bad, and the ugly in state and national politics. Biden halts some aid to Israel, then clears billions in arms as the Netanyahu government continues assault on Rafa amidst calls by some right-wing Israelis to

You'd probably love to save more money. What part of your finances would that break, though?   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, asks: what if you plan to work an extra 6-12 months before you retire? You may not want to choose that path. But the math at least gives you the option: that extra time at work is equivalent to saving 1% more of your salary over 30 years.   Welcome to Financially Well, the finance podcast for Millennials.

Recorded live at the 11th Annual Becker's Healthcare CEO + CFO Roundtable, this episode features Kevin Mahoney, CEO, University of Pennsylvania Health System. Here, he discusses his background, payer provider relationships, the regulatory environment healthcare systems currently are facing, and more.This episode is brought to you by R1 RCM, a leading provider of technology-driven solutions that transform the financial performance of hospitals, health systems, and medical groups. R1 delivers proven, scalable operating models that power sustainable improvements to net patient revenue, while reducing operating costs. To learn how you can build a future-ready revenue cycle today, visit us at www.r1rcm.com/beckers

Our retirement feels so far in the future.   Yet, our retirement finances aren't a complete unknown. Even at young ages, we have data that can increase the chances we succeed.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, talks about how, in most cases, we can withdraw 4% of our investments annually for 30 years without running out of money. But the specific amount we need depends on our spending habits.   Welcome to Financially Well, the finance podcast for Millennials.

You're probably not making the most of your health savings account (HSA). Most likely, no one taught you that your approach is too narrow.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains the benefits of an HSA. But he also shares how, almost like breathing, HSAs demand awareness, intentionality, and patience from us.   Welcome to Financially Well, the finance podcast for Millennials.

It's hard for anyone to figure out how and when we should actually use the money we've saved.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains how we can stick to our preferences. Even when short-term trends and distracting technology compete for our attention.   Welcome to Financially Well, the finance podcast for Millennials.

Joe Brumm knew his approach to children's television didn't conform to conventional ideas. But he didn't care. He created the show Bluey to meet his own desired outcomes.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses what we might learn from Joe Brumm and Bluey. The biggest lesson lies in a willingness to embrace flexibility over structure.   Welcome to Financially Well, the finance podcast for Millennials.

Kevin Mahoney vanished from a known party house in Fargo on Oct. 2, 1993. Some party-goers told investigators that he left on foot for his brother's house in nearby Moorhead. His brother wasn't home that night, and there's no indication he made it to his destination.  Others believe Kevin never left the party house.  Kevin's sisters are dogged advocates for their brother's case. They, along with the Fargo Police Department, believe foul play was involved.  In part 2 of this series, find out what Kevin's sisters believe happened to their brother that night -- and why Fargo investigators dug up the party home's basement in search of Kevin.  Will someone finally come forward with what really happened the night Kevin Mahoney vanished?  Click here for the full story: https://www.inforum.com/news/the-vault/this-missing-mans-sisters-wont-rest-until-someone-speaks-up-what-happened-to-kevin-mahoney This episode is narrated, produced and written by Trisha Taurinskas

This year marks thirty years since Kevin Mahoney went missing from a once-notorious party house in Fargo, North Dakota. His sisters believe that somebody in the Fargo area knows something. They're after one thing: They want the person -- or people -- who know what happened to come forward before their memories are carried to the grave.  This Fargo missing persons case has gone cold, yet the details of the investigation will make you wonder why.    For the full story: https://www.inforum.com/news/the-vault/this-missing-mans-sisters-wont-rest-until-someone-speaks-up-what-happened-to-kevin-mahoney   Written, narrated and produced by Trisha Taurinskas

Have you ever felt stressed out when you're struggling with one particular aspect of your finances? Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, proposes a solution: stay focused on the aggregate. Welcome to Financially Well, the finance podcast for Millennials.

What would happen if we aimed to make the majority of our financial decisions within 15 minutes? Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how this is possible if you accept a simple premise: the most basic foundational financial decisions will determine whether you achieve the outcomes you seek. Welcome to Financially Well, the finance podcast for Millennials.

Natural wine, which lacks the mysterious additives that most conventional wines contain, continues to grow in popularity. It's a response to winemaking moving too far away from its simple, transparent, and natural origins. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why, like winemakers, we have a choice to opt for simplicity over financial complexity. Too often, we admire complexity in money, particularly new technology, and popular trends. But to what end? Making your finances more complex does not mean you're making financial progress.  You risk moving too far away from simple, easy-to-understand, and flexible finances. You risk losing sight of the essential point: turning your income into savings and investments that make your life better. Welcome to Financially Well, the finance podcast for Millennials.

Today, we're thrilled to introduce you to Kevin Mahoney, an exceptional individual with an extensive background in healthcare leadership. Kevin has been an integral part of Penn Medicine since 1996, holding various leadership positions within the health system and the Perelman School of Medicine. His transformative projects have elevated Penn Medicine's clinical care, teaching, and research missions. Before joining Penn Medicine, Kevin displayed exceptional leadership as the vice president for Johnson and Higgins, focusing on risk transfer and alternative risk management strategies. He also held administrative roles at Bryn Mawr Hospital and Episcopal Hospital. Kevin's insights on health equity, access to quality care, and social justice have been featured in prestigious publications like the New England Journal of Medicine, JAMA, and The Philadelphia Inquirer. Modern Healthcare recognized his influence by including him in its list of the 100 most influential people in healthcare in 2022. In this episode we talk about Kevin's journey to healthcare leadership, the increasing costs of care, how founders can partner with Penn Medicine, and insights on the consolidation in healthcare.

After we set an ambitious financial goal, such as retiring at a specific age, we often feel stuck.    In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials,  discusses why, with money, most of the time, a good-enough solution is fine. But by setting arbitrary stupid goals, we can experience more immediate, and enduring, benefits. And avoid that feeling of being stuck.   Welcome to Financially Well, the finance podcast for Millennials.

Taylor Swift's fourth studio album, Red, was the fastest-selling country music album ever. But one common critique of Red made Swift wince: it wasn't "sonically cohesive." The reason? Swift was stuck trying to please country music executives, despite her interests in pop music.   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we become more empowered with our money once we stop trying to please others.  Swift ultimately parted ways with country music to pursue what was important to her. And at certain points in our financial lives, we also need to be willing to part ways — with the consensus for what we're “supposed to do” with our money.   Welcome to Financially Well, the finance podcast for Millennials.

A "third place" is a place that is outside home (first place) and work (second place), where people gather and interact. The first coffee shop in England opened in 1652, served this purpose. As have bars, libraries, and public squares.   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why our money needs, but lacks a third place.   We have our checking and savings accounts for our daily cash flow needs. And we have tax-advantaged retirement accounts, like a 401(k), to work toward long-term goals. But what about a more flexible, multi-purpose investment option for that space in between?   Without a third financial place, we're willingly surrendering money that we might want to use before retirement. And we're essentially skipping over the next 5-15 years of our financial lives.     Welcome to Financially Well, the finance podcast for Millennials.

In 1975, Pepsi announced the “Pepsi Challenge.” The marketing idea involved a simple blind taste test to determine the best soda in the country.   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains why we wish our financial decisions could work like the Pepsi Challenge. No context. No peer influence or status implications. Only one variable, like sweetness, to consider. But the Pepsi Challenge revealed the importance of keeping in mind the context. In personal finance (as with soda preferences), context matters. Status pressure is real. And our financial lives are full of different variables. With money, we need more than calculations that, in theory, might maximize our wealth. We also need to understand the circumstances in which we're making these decisions.   Welcome to Financially Well, the finance podcast for Millennials.

More than 400,000 children around the world have learned to play the violin through the Suzuki Method. But Suzuki wasn't trying to produce world-class musicians. Instead, he viewed the violin as a means to an end.   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how Suzuki's experience with the violin mirrors our own experiences with money.   Like many childhood violin practices, the environment in which we make financial decisions often makes us miserable. We're taught to focus on numbers at the exclusion of almost everything else. But most of us aren't trying to reach the end of our lives with as much wealth as possible. Instead, we view our money as a means to an end.   And we can learn from Suzuki how to use our money to create the lives that we dream about for ourselves and our family.   Welcome to Financially Well, the finance podcast for Millennials.

How often do you make unreasonable financial decisions? Probably not often enough.   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, shares 3 stories about unreasonable decision-making from the former general manager of the "World's Best Restaurant."   Most of our financial decisions conform with standard rules of thumb that we've picked up over the years. Understandably, we shy away from uncertainty. Our prudent financial decisions are good enough. But these stories show us that we can move closer to the exact life we envision when we act with thoughtfulness, creativity, and just a little bit of defiance.   Welcome to Financially Well, the finance podcast for Millennials.

In 1997, Tina Fey left her home in Chicago for a job interview. This opportunity ultimately traced back to her early career days at an improv school. And in this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how that experience changed Fey's worldview. Fey's improv school taught her four rules that helped her to create something on stage. And these same rules can help us to create something with our money, too. Out of loosely-defined ideas, interests, and individual perspectives, something very unique and memorable can emerge. Welcome to Financially Well, the finance podcast for Millennials.

This episode of the More Than Money Series features Kevin Mahoney. Kevin's chapter, Living Your Own Financial Life can be found on page 193 . Be sure to stay tuned for more episode with the authors of More Than Money. If you haven't purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward! https://youtu.be/UY24wHkAc-k Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

What are the big rocks in your financial life? In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we spend too much time agonizing over small money decisions and not enough time on big decisions. But when we focus on our “big rocks,” we're saving our energy for truly costly financial decisions. And in doing so, we gain a new route for reducing our financial stress. Big rocks aren't created equal, though. And we most likely can't fit all of them into our lives. So we must also identify what matters most to us in life. What uses of your money will positively change your life in the most significant ways?   Welcome to Financially Well, the finance podcast for Millennials.

We're more likely to face an extreme financial event than we believe.   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we never exactly know the “what” or the “when.” Faced with this uncertainty, we'd tend to avoid thinking through different worst-case scenarios involving our money.   But as in a flash flood, relying on “higher ground” can help to minimize the disruption to our lives. And with our finances, higher ground can be found in room for error and room for disappointment. Room for error requires prudence when our financial lives feel stable. Room for disappointment, meanwhile, requires us to make financial choices that emphatically reflect our values and priorities.   Welcome to Financially Well, the finance podcast for Millennials.

Until the Super Bowl, Rihanna hadn't performed in concert since August 2016. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses a review of Rihanna's Super Bowl halftime show. He focuses, in particular, on how Rihanna “prefers shadows to spotlight, still holding on to that one thing that cannot be bought: mystique.” Money often tempts us to favor spotlight over shadows. Almost anyone can buy an oversized car or an Instaworthy vacation on borrowed funds. But this type of financial overexposure isn't a game that we need to play.  True wealth is often what you can't see. Welcome to Financially Well, the finance podcast for Millennials.

Do you ever feel like an underdog when making financial decisions?   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, shares a story from the 2001 NFL season, which cast a heavy underdog as its main character. This underdog failed once in his decision making. But then he received another, unlikely opportunity. How would he handle the challenge tradeoffs that now confronted him?   Our money often puts us in a similar position. What should we even focus on? When we face daunting financial tradeoffs, we usually need to acknowledge that we can't do everything at once. And when uncertainty about the future stresses us out, we don't benefit from hiding behind complexity. We just need to focus on what we can control at that moment.   With money, simplicity is sophisticated.   Welcome to Financially Well, the finance podcast for Millennials.

When did you last get stuck in traffic?   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses what we can learn about our money from frustrating stop-and-go traffic on a congested highway.   In our ongoing efforts to reduce uncertainty – whether in traffic or with our money – we often make our lives more complicated, messy, and confusing. And as a result, we lose sight of the most basic, timeless truths about how our financial lives work and how we should make decisions about our money.   Welcome to Financially Well, the finance podcast for Millennials.

When did you last feel uncomfortable about the uncertainty surrounding a financial decision?   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we can counter the deceiving inner dialogues we have about money.   Ultimately, we'll never quite achieve complete certainty. But we don't need to settle for flying by the seat of our pants, either. Our beliefs, priorities, and interests empower us to seize some control, even under stressful circumstances.   Welcome to Financially Well, the finance podcast for Millennials.

Will our generation think differently about money in the years ahead? The "Great Recession" that started in 2007 seemed to highlight that Millennials face different financial realities than our parents. More recently, the pandemic and high inflation may have given us little choice but to approach our personal finances differently. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, will give six examples of why the narrative about Millennials and money needs an update. Stock prices, the housing market, inflation, and economic downturns will always force our hand in ways that we can't fully control. But at least one thing about personal finance will remain true for us: how we act and the choices we make often will reflect our values. We have an opportunity to completely overhaul financial narratives, policies, and options if we allow our values to dictate our responses to the financial challenges that face Millennials specifically. Welcome to Financially Well, the finance podcast for Millennials.

Millennials continue to hear about how much they should save for retirement each year. And they continue to hear what they "should" have in savings at each age milestone, including a hypothetical retirement magic number. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why savings projections are highly dependent on so many factors outside of our generation's control. And instead, Kevin explains, Millennials are most likely to build and maintain savings momentum if they reduce their emphasis on certainty and specifics.  Welcome to Financially Well, the finance podcast for Millennials.

What reasons do you give for not using your savings once in a while, even on special, one-time experiences with family and friends? In the thought-provoking book Die With Zero, author Bill Perkins explains why we point to our risk tolerance, passion for our work, or concern for our kids as justifications for always favoring earning over spending. But in this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, shares the data and alternative perspectives that Die With Zero offers to address each of these objections. Kevin also shares the strategies that the book puts forward to encourage us to make better decisions around spending and saving. Ultimately, this episode emphasizes that money is nothing more than a tool in your life. It's a means to an end. Earning money is necessary to help you to achieve the goal of enjoying your life. But, at some point, trying to maximize the money you make and save may get in the way of actually achieving that goal. Welcome to Financially Well, the finance podcast for Millennials.

When did you last use your money to create an experience or memory that made you feel happy, personally content, or proud? “Memories are an investment in our future selves," writes Bill Perkins, author of the book Die With Zero, that "pay dividends and help us live richer lives.” Yet, in this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why we often struggle to exchange our money for experiences.  In fact, Kevin explains why people who say they're saving up for retirement are not actually spending those retirement savings once they reach retirement. Almost all of us can agree that, in theory, money is just a means to an end. But in practice, we often act differently. We don't act as if we ultimately seek to use our money to enjoy our lives. Instead, we focus on trying to maximize the money that we have. We succumb to fear and uncertainty, even when we have enough resources to both survive and thrive. Welcome to Financially Well, the finance podcast for Millennials.

Does your level of wealth ultimately determine how you think and feel about money? A behavioral economist recently wanted to understand what characteristics and circumstances help improve our financial wellbeing. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, shares that those with higher incomes have more positive financial emotions. But, as you may have guessed, that's not the important finding here. Rather, Kevin will explain why financial confidence appears to be more important to financial wellbeing than income. As Sarah Newcomb, the economist, notes, “When it comes to the emotional side of financial health, income matters. But the beliefs we hold about money and our own ability to manage it matter more. A person can have a high income, but if their financial mindset is weak, they may still have a very low quality of life with respect to their money.” Welcome to Financially Well, the finance podcast for Millennials.

CFTROU 0159: The Power Of The Neighborhood Church: A Conversation With Pastor Freddy T. Wyatt Today, on Church For the Rest of Us, we speak with Pastor Freddy T. Wyatt from Real Life Church in Clarksville, Tennessee, as we continue our series of conversations about the power of the neighborhood church. Freddy T. is a passionate preacher of God's word, and a risk-taking, baseball-loving, espresso-drinking, old-book-hunting husband and dad! In this episode, we get a glimpse into Freddy T's journey and how he came to plant a new church in the Sango area of Clarksville. We take a look at his Who's Your Three initiative, which uses the concept of neighborhood mapping to help you invest deeply in the three people that God has put right in front of you, rather than spreading yourself too thin. We discuss the importance of community presence, his focus on relational and spiritual receptivity, and the role that contextualization plays in effective ministry. Freddy T. also offers some poignant insights about doing ministry in a way that we can implement with the resources available to us. For all this and so much more, you won't want to miss today's conversation with Pastor Freddy T! Key Points: An introduction to Kevin Mahoney: pastor, pilot, financial account manager, husband, father, grandfather, and grief counselor. A look at Freddy T's journey as a pastor and a leader and the church he serves in today. Planting a new church and getting it off the ground during a global pandemic. Freddy T's practical take on the concept of the neighborhood church. Insight into what he calls the ‘Who's Your Three' initiative. Highlighting the importance of having a presence in your community. What organizing an Easter egg hunt in New York City taught Freddy T. about relational and spiritual receptivity. Some of the challenges of contextualization in ministry from Freddy T's perspective. Advice for pastors as they assimilate into new neighborhoods. What keeps Freddy T. motivated to serve his community with God rather than for God. How ministry out of the overflow can help you avoid burnout. The first word that comes to my mind when I hear neighborhood church is that Jesus is giving us the second greatest commandment: love your neighbor as yourself.Click To TweetLook at this list of 30 people that God has put in front of you; in your neighborhood, your work, and your third place. Where do you see the most relational receptivity or spiritual receptivity?Click To TweetYou've got to learn what matters to a community.Click To Tweet Links Mentioned in Today's Episode: Real Life Sango Real Life Podcast Freddy T. on Twitter Freddy T. on Facebook Jimmy on Twitter Leslee on Twitter Family Church Network Family Church on Facebook Family Church on Instagram Church for the Rest of Us on Twitter Get podcast updates delivered to your inbox. Subscribe for free and never miss out on an episode of Church for the Rest of Us. Subscribe via Email iTunes Google Play Stitcher RSS If you like us, rate us or leave a comment below. Hopefully, this episode has given you principles, strategies, and ideas that you can implement right now with the resources you have. If so, can you let others know? The best way to do that is to rate the podcast on iTunes or Stitcher and leave us a brief positive review! This will help us place the podcast in front of more pastors and ministry leaders. It also lets us learn from you. Thank you for taking the time to get the word out about Church for the Rest of Us.

Is the U.S. always the best country in the world for investing your savings?   Video   ▶️ Watch this episode on YouTube   ***   Episode Description   A Yale economist recently found that popular personal finance authors all show a home bias when offering investment recommendations. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we're all vulnerable to this psychological shortcoming. Essentially, humans prefer things simply because we're familiar with them.   Kevin will explain why the U.S. stock market isn't always your best investment option. Of course, over different periods of time, the U.S. stock market does grow at a faster rate than international stock markets. But on average, going back to 1975, such “outperformance” only lasts for 7.9 years. And that's the point, as the growth of your money slows, at which you begin to regret your home bias.   Welcome to Financially Well, the finance podcast for Millennials.   ***   ✏️  Full transcript and show notes   ***   Say Thanks  

Does an annual bonus make up a large part of your overall income? Do you own your own business or get paid based on a nine-month academic calendar? Many Millennials must learn to navigate a variable income dynamic at some point during the year. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennial parents, talks through how you can still consistently invest with confidence, despite variable income. Kevin will explain how variable income can empower your desired investing habit. You need to become proactive about your finances, so you actually do. In other words, if you embrace the challenges that variable income throws at you, you're likely on a faster track to growing your money to live the life you want. Welcome to Financially Well, the finance podcast for Millennials.

This episode features Kevin Mahoney, Chief Executive Officer at University of Pennsylvania Health System. Here he discusses pandemic recovery, restructuring reimbursement in order for hospitals to survive, what role hospitals and health systems play in social issues, and more.