POPULARITY
One of the trickiest things about personal finance is the sheer number of choices. It doesn't matter the details of your specific situation – we all face countless decisions and each option comes with a lot of underlying complexity. So many people struggle to understand where to start and what to do with their money. That's why Peter wrote Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever. In the first episode of a three part series, Peter highlights his favorite passages and outlines the important concepts of Chapters 1-4. In this episode, you'll learn how to build a bulletproof savings system for growing your wealth. Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.
Yes, you can get your financial house in order!Call it a conspiracy or whatever you want, but there is a well-orchestrated message out there that creating a plan for your money that helps you achieve your goals is impossible – you’ll never save enough, you’ll never get out of debt, you’ll outlive your money, blah. That's not true because it is possible for you to get your financial house in order right now with what you’ve got in your bank account. Our podcast guest on this reboot episode, Peter Lazaroff, is going to show us how.What You'll LearnEasy strategies you can use to build your wealthHow to get in a better relationship with the world wealth Why you should create a reverse budget and how to create one easilyThe magic of goals based investing and how you can benefit from itSome of Peter's best tips from his new book, Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way ForeverLinksSmart Money QuizPeter's websiteGrab Peter's book, Making Money SimpleSUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!Ask ShannahHave an Ask Shannah question, submit it hereGet SocialShannah on TwitterShannah on Instagram
Author of Making Money Simple, Peter Lazaroff turns Career Success into Financial Success:Peter is the Chief Investment Officer at Plancorp, which manages $4 billion in investments for clients. He is also the author of the new book Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever. Peter has built a national reputation as an educator with a unique ability to simply complex issues, which explains why Investopedia named him to the Top 100 Most Influential Advisors. He regularly appears on national television and writes articles for the Wall Street Journal and Forbes. Quote: (1) “The rules are there are no rules” from Oscar Wilde Quote: (2) “Everyone has a plan until you get punched in the mouth.” – Mike Tyson….When it comes strictly to investing they would be different. Top 3 Hot Points:What is a fiduciary promise? From Career to Financial Success. Financial Education for Freedom. Making #Money Simple and Your #Financial #Success with @PeterLazaroff Tweet This On This Episode You Will Hear:[00:30] Introduction [10:40] The ultimate efficiency enhancers you have to figure it out. But I’m with you. When I moved to Plancorp, about four and a half years ago, the biggest life-changing move I made was time-blocking. Nobody can touch my morning. My mornings are sacred. I put big blocks on my calendar. I said do not book meetings, and it allows me in, the best thing you can do is just try not to open an email. [20:00] I sit down and I write and I unload. I don’t always know what I’m going to write in advance. So I mentioned when I wrote 5000 words, I said, I wonder if I could turn this into a book. I just kept going and naturally, that part was really natural to me, because I write frequently now. [33:00] You can go get a lot of investment advice online for super cheap, the thing we do is we just make sure people don’t get killed on their taxes and get your tax projections. You do that through eliminating surprises in a simple tax projection as a business owner. You might find that you can accelerate income or expenses, or the salary you have. Stay below that net investment, income tax and all the planning work that goes into that. That’s a big reason to outsource that so you can focus on your business. [40:00] I come from parents of doctors, so maybe I’m biased. Generally, you go to a professional expert, you go to the attorney. Generally, if you go to someone, you should trust that the advice is not in anyone’s interest, but making your financial life better. [51:55] Final Words Final Words:I think a lot of people just want to make sure they’re doing the right thing. Money can seem complicated but it just doesn’t have to be. Life is very complicated and you’re trying to find ways to simplify it. Don’t let it be something that you put to the side because it seems complicated. There’s a lot of great resources out there, not just my own that are helping simplify it. The internet has done wonderful things, podcasts like this have done wonderful things in making these issues more approachable. So I really encourage you to try to, if there’s something you’ve been putting off, like your finances. That one thing you can probably think of, go ahead and just do that take care of it now because the benefit from it will compound over time. Influencers Mentioned:Roger Whitney, The Retirement Answer Man Podcast – rogerwhitney.com Book: Making Money Simple – https://amzn.to/2YK9MIM Resources:smartmoneyquiz.com peterlazaroff.com Twitter: @PeterLazaroff Instagram: @PeterLazaroff linkedin.com/in/peterlazaroff facebook.com/Peters-Money-Tips-2633683283313176/ Watch On YouTube:[youtube https://www.youtube.com/watch?v=CCeKwyBMkfc] Action Steps:Submit an iTunes Review. More 5 Stars reaches
“Rebalancing is getting a little overrated. It is nowhere near as impactful on returns as human and digital advisors advertise. I also feel like human advisors probably rebalance more than is truly necessary.”Peter Lazaroff who is the co-CIO of Plancorp and BrightPlan. Peter blogs at PeterLazaroff.com and most importantly for the purposes of this discussion is the author of the recently published book Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever.We recently published a two-part Q&A with Peter on Abnormal Returns: part one and part two.You can read more about Peter at his blog: https://peterlazaroff.com/blogEnable our Alexa skill here - "Alexa, play the Compound show!"https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZTalk to us about your portfolio or financial plan here: https://ritholtzwealth.com/Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer if you seriously need this spelled out for you. https://thereformedbroker.com/terms-and-conditions/ See acast.com/privacy for privacy and opt-out information.
Call it a conspiracy or whatever you want, but there is a well-orchestrated message out there that creating a plan for your money that helps you achieve your goals is impossible – you’ll never save enough, you’ll never get out of debt, you’ll outlive your money, blah. That's not true because it is possible for you to get your financial house in order right now with what you’ve got in your bank account. Our podcast guest, Peter Lazaroff is going to show us how.What You'll LearnEasy strategies you can use to build your wealthHow to get in a better relationship with the world wealth Why you should create a reverse budget and how to create one easilyThe magic of goals based investing and how you can benefit from itSome of Peter's best tips from his new book, Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way ForeverLinksSmart Money QuizPeter's websiteGrab Peter's book, Making Money SimpleMy favorite travel insurance site: CSA Travel ProtectionSUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!Want to have a cup of coffee this week on us? Leave a review in iTunes and email a copy of your review to info@mmoneypodcast.com. Ask ShannahHave an Ask Shannah question, submit it hereGet SocialShannah on TwitterShannah on Instagram
On this edition of the Book Club, Peter Lazaroff, CFA, CFP, Co Chief Investment Officer at Plan Corp and Bright Plan joins us to about his book “Making Money Simple: The Complete Guide to Getting Your Financial House In Order and Keeping it That Way.” Listen to learn about the habits he’s hoping to help people break, build as well as his advice to readers and what he’s hoping you’ll get out of the book! For a copy of Making Money Simple, click HERE You can learn more about Peter at PeterLazaroff.com, Twitter and LinkedIn. If you’d like to take part in the our discussion group, you can learn about it it here as well as MoneyAlignmentAcademy.com. You can also learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.
When it comes to investing, historical returns show us that, for the most part, a buy-and-hold strategy will always outperform an active one. This means that, once you have a concrete investing plan in place, you should stick with it through thick and thin — and no matter what the market does on any given day. But that doesn’t mean you can randomly buy stocks and bonds and expect things to go your way. Well, you can, I guess...but you will likely regret it for years to come if you do. In today’s podcast, I interviewed Peter Lazaroff, financial expert and author of Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever to find out the biggest mistakes even the most well-intentioned investors make with their portfolios over time. His answers may surprise you, so you don’t want to miss out. Show Notes & Links: www.youstaywealthy.com/43 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.