Podcasts about The Millionaire Next Door

In this episode of Finding Discounted Property with Michael Pinter, we meet Mitch Stephen, a true legend in real estate investing and one of the pioneers of owner financing.Mitch didn't start out with a grand plan it all began by accident. A young guy trying to impress girls bought a condo, couldn't sell it, rented it out, and realized he was getting paid to own property. Then life threw him a curveball a breakup that fueled his drive to build something bigger.Fast-forward 30 years, and Mitch has mastered the art of creating wealth through owner-financed deals, proving that experience, grit, and a few life lessons can turn simple beginnings into serious success.Key Takeaways:Accidental starts can lead to major wins — Mitch's first deal wasn't planned, but it opened his eyes to financial freedom. Adversity can be your greatest motivator — being left behind pushed him to push forward harder. Owner financing = control + cash flow — Mitch breaks down how selling with owner financing creates stability and long-term wealth. Never stop learning — long drives turned into real estate education sessions, filled with Think and Grow Rich and The Millionaire Next Door. Play the long game — Mitch's 30-year career proves consistency beats quick wins every time.How to reach Mitch:Phone: 210-669-4020#RealEstatePodcast #FindingDiscountedProperty #MitchSteven #OwnerFinancing #RealEstateInvesting #FinancialFreedom #PropertyInvesting #SuccessStory #MotivationMonday #EntrepreneurMindset Hope You enjoy it I offer other products thanks for listening

Welcome to another session of LifeClub with me Tashima Jones. Today we are focusing on self-talk, specifically the repetitive story you tell yourself. Have you ever noticed when it comes to certain topics or events how you tend to have the same thoughts, which yield the same actions? You will find that most of your thinking or how you think consists of the same overall idea. And that's how it should be, it's called having a mindset. But what happens when what your mind is set to doesn't benefit you. Get your pens and journals ready as we discuss the inner monologue you recite, who it may actually belong to, and how to rewrite the script right here on LifeClub. Be sure to complete your Life Work (inclued in each episode). About LifeClub The Podcast LifeClub w/ Tashima Jones is a feel-good podcast. It can be seen as a mini coaching session with Tashima, complete with LifeWork and action steps to take after the show. With listeners in over 10 countries across 6 continents, LifeClub the Podcast focuses on personal development and delivering practical tips and tools on building inner-wealth.  About Tashima Jones Tashima Jones is an author, coach (life, social media, and branding), and founder of Connects (a philanthropic endeavor). Her debut book, Being Broke Made Me Rich, received reviews from the co-author of the New York Times best seller, The Millionaire Next Door, who happened to be her professor. As a Life Coach, she supports women who are ready to shift from survival mode to inner-wealth based living. Tashima holds a bachelor's degree in business & marketing, and studied psychology on a master's level but her greatest classroom has been personal life experience. She uses both her personal life (including her lowest moment after the degree, house, luxury car, and platinum wedding ring), and professional experience (in tech, wealth management marketing, luxury brand buying, real estate, and radio) to organically coach those who are desire authentic change in their lives.​

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3323: Craig Stephens uses the simple act of resisting a doughnut to illustrate how self-control and delayed gratification fuel long-term financial freedom. His reflection shows that every small disciplined choice shapes a stronger mindset, greater savings, and a life built on intentional habits rather than impulse. Read along with the original article(s) here: https://www.retirebeforedad.com/dont-eat-doughnut/ Quotes to ponder: "Every decision we make, no matter how small, contributes to who we are and where we're going." "Self-control is a muscle, the more you use it, the stronger it becomes." "Delaying gratification today gives you more choices tomorrow." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Marshmallow Test – Stanford University: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3323: Craig Stephens uses the simple act of resisting a doughnut to illustrate how self-control and delayed gratification fuel long-term financial freedom. His reflection shows that every small disciplined choice shapes a stronger mindset, greater savings, and a life built on intentional habits rather than impulse. Read along with the original article(s) here: https://www.retirebeforedad.com/dont-eat-doughnut/ Quotes to ponder: "Every decision we make, no matter how small, contributes to who we are and where we're going." "Self-control is a muscle, the more you use it, the stronger it becomes." "Delaying gratification today gives you more choices tomorrow." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Marshmallow Test – Stanford University: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3323: Craig Stephens uses the simple act of resisting a doughnut to illustrate how self-control and delayed gratification fuel long-term financial freedom. His reflection shows that every small disciplined choice shapes a stronger mindset, greater savings, and a life built on intentional habits rather than impulse. Read along with the original article(s) here: https://www.retirebeforedad.com/dont-eat-doughnut/ Quotes to ponder: "Every decision we make, no matter how small, contributes to who we are and where we're going." "Self-control is a muscle, the more you use it, the stronger it becomes." "Delaying gratification today gives you more choices tomorrow." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Marshmallow Test – Stanford University: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Purposeful Investor, hosts Aden and David dive deep into the timeless lessons from the classic book "The Millionaire Next Door." Discover the surprising habits and mindsets that set true millionaires apart from the crowd, why high income doesn't always equal wealth, and how to avoid common financial pitfalls. From the illusion of affluence to the power of living below your means, Aden and David share practical tips, real-life examples, and actionable strategies to help you build lasting financial independence. 3:00-7:00 Introduction to "The Millionaire Next Door" and its relevance7:00-15:00 Key lessons from the book15:00-25:00 Success behaviours of real millionaires25:00-32:00 The quiet rich vs. the loud rich32:00-38:00 Common financial mistakes38:00-40:00 Takeaways, practical tips, and episode wrap-upRead: The Millionaire Next DoorFor more information on Capital Partners visit capital-partners.com.au. Have a question? Email us ask@capital-partners.com.au. This episode provides general advice only. Always refer to your financial adviser for advice about your personal circumstances. Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.

In this episode of More Than Commas, Paul Adams challenges listeners to consider whether their wealth is a tool or a trophy. Drawing on Dr. Thomas Stanley's The Millionaire Next Door and Stop Acting Rich, Paul explains how wealth flaunted for status can trap us in comparison, distraction, and fragility, while wealth used as a tool creates freedom, impact, and legacy. He highlights the virtue of frugality once admired in America, contrasting it with today's obsession with visible success. True wealth, he argues, often hides in 401(k)s, rental properties, and investments no one sees. Paul also shares a personal story about his new Tesla Cybertruck and how visibility has changed how others perceive him. With humility and reflection, he invites listeners to examine their own spending habits and ask: Are you building tools for a meaningful life, or collecting trophies for display? -- Timestamps: 01:15 – The fragile nature of status-based wealth 02:40 – Wealth as a tool for impact and legacy 03:25 – Biblical wisdom: contentment and generosity 05:00 – The traps of comparison, distraction, and fragility 06:40 – The lost virtue of frugality and visible wealth 08:20 – Hidden wealth: assets no one sees 09:50 – Paul's Cybertruck story & final reflections   -- This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial LLC dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial LLC dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial LLC dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

In Episode 344 of More Than Commas, Paul uncovers the hidden cost of chasing “more.” From bigger homes and cars to the pursuit of higher income, we often find ourselves on a treadmill, running faster without feeling more fulfilled. Drawing on The Millionaire Next Door by Dr. Thomas Stanley, Paul explains how lifestyle creep can erode wealth across generations. He introduces the concept of the hedonic treadmill, where joy quickly fades as new comforts become the norm. With insights from psychology, scripture, and even Joe Rogan, he highlights the trade-offs of time, flexibility, and joy that come with chasing more. The antidote is defining “enough.” By clarifying what enough means, families can align money with values, find peace, and cultivate contentment while still pursuing financial independence. This episode challenges listeners to rethink wealth, not as endless accumulation, but as freedom to live meaningfully.   -- Timestamps: 01:15 – The story of the treadmill lifestyle 02:30 – Lessons from The Millionaire Next Door 03:40 – The hedonic treadmill explained 04:50 – Biblical wisdom on money and contentment 06:00 – The real costs: time, flexibility, joy 07:30 – Redefining wealth through “enough”   -- This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial LLC dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial LLC dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial LLC dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3134: Craig Stephens explores how the pursuit of career success and money can trap us in a monotonous cycle, draining energy and joy. By challenging the definition of success and aligning life with personal values, he shows how stepping off the treadmill leads to freedom, balance, and fulfillment. Read along with the original article(s) here: https://www.retirebeforedad.com/step-off-the-damn-treadmill/ Quotes to ponder: "Life is not a treadmill. It's not supposed to be repetitive, exhausting, and monotonous." "If you don't step off and take time to think about what you're doing, you'll end up spending the best years of your life running in place." "You don't need to earn more money to find happiness. You need to better align your values with how you spend your time." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Lifestyle/dp/145360121X Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3134: Craig Stephens explores how the pursuit of career success and money can trap us in a monotonous cycle, draining energy and joy. By challenging the definition of success and aligning life with personal values, he shows how stepping off the treadmill leads to freedom, balance, and fulfillment. Read along with the original article(s) here: https://www.retirebeforedad.com/step-off-the-damn-treadmill/ Quotes to ponder: "Life is not a treadmill. It's not supposed to be repetitive, exhausting, and monotonous." "If you don't step off and take time to think about what you're doing, you'll end up spending the best years of your life running in place." "You don't need to earn more money to find happiness. You need to better align your values with how you spend your time." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Lifestyle/dp/145360121X Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

I'm absolutely thrilled to share this conversation with the brilliant Dia Bondi - someone I deeply respect, admire, and have the absolute best time with. Dia is not only the author of "Ask Like an Auctioneer" but also one of the most courageous and bold leadership communication experts I know, helping transformational leaders find their voice and make big decisions. In this deeply personal conversation, Dia takes us back to her roots growing up in Sonoma County in a family of small business owners, where she learned early lessons about entrepreneurship from watching her dad leave his job to start a construction company with the philosophy "don't buy a dump truck till you need a dump truck." What strikes me most about Dia's story is how she's always followed her instincts - from that visceral reaction in a corporate interview that told her she couldn't work in a cubicle, to spending a year and a half discovering what she truly wanted to do, to eventually building a thriving leadership communications business that has generated million-dollar payouts. Dia shares candidly about how she and her husband have approached money as business partners from day one, reading books like "The Millionaire Next Door" to create a shared operating system around spending and saving. She reveals how she made money "unimportant" for years due to family stories about the dangers of wealth, and how she gradually learned to value her work appropriately and participate in the upside she creates for clients. This conversation is packed with tactical insights about transitioning from corporate work to entrepreneurship, pricing your services, and building wealth while keeping your cost of living intentionally low to protect what matters most - your time, energy, and freedom. Key Topics: Why visceral reactions to traditional career paths can guide you toward entrepreneurship  How to practice new skills creatively (like offering free coaching at flea markets) How family money stories can make you afraid of wealth accumulation Why keeping your cost of living low creates space for freedom and choice How to negotiate equity and participate in client value creation The power of automated wealth building through simple, consistent investing Why "money is dangerous" beliefs can limit your entrepreneurial potential Connect with Dia online: Website: https://www.diabondi.com/ Book: "Ask Like an Auctioneer" - available wherever books are sold   Find more from Syama Bunten: Instagram: @syama.co, @gettingrichpod Website: https://syamabunten.com/ Download Syama's Guide to Getting Rich: www.syamabunten.com Women & Wealth Catalyst Summit: https://women.win/ Big Delta Capital: www.bigdeltacapital.com

In this episode of the Dental Boardroom Podcast, host Wes Read, CPA and financial advisor at Practice CFO, continues the miniseries on the relationship between money and happiness and what it really means for dental practice owners.Wes begins by revisiting key lessons from earlier episodes: money can reduce stress up to a point, but beyond a certain level of income, happiness plateaus. True financial peace of mind comes from building reserves, delegating financial complexity, and resisting lifestyle inflation. He also reflects on insights from The Millionaire Next Door, where frugality, discipline, independence, and intentional spending separate wealthy professionals from those who simply earn more but save less.The focus of this episode is on Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton, a landmark study that shows happiness is not about how much you earn, but how you spend. Wes outlines five core principles:Buy experiences, not things. Lasting joy comes from memories, not possessions.Make it a treat. Scarcity increases appreciation.Buy time. Use money to outsource tasks and free yourself for what matters most.Pay now, consume later. Avoid the stress of debt-fueled purchases.Invest in others. Generosity directly boosts well-being.Wes then applies these lessons directly to dentists. He encourages owners to use money to create margin, not busyness, and to invest in their teams even if it means paying above market for A-players who transform culture and patient experience. He shares personal reflections on choosing experiences over possessions, from family vacations in Europe to carefully planning how his time is spent.Quoting John Bogle's Enough, Wes emphasizes the importance of defining what is truly enough” and aligning spending with values. Budgeting, he explains, isn't about restriction, it's about directing resources toward what genuinely creates fulfillment.He closes with an equation: Real goal = Freedom of choice + Peace of mind. By avoiding marginal thinking, making intentional financial decisions, and nurturing relationships above all, practice owners can use money not just to build wealth, but to create a more fulfilling and happier life.Key PointsHappiness from money comes from how you spend, not just how much you make.Buy experiences, not things; scarcity makes luxuries more meaningful.Use money to buy time and reduce stress.Pay now, consume later to avoid financial anxiety.Invest in others generosity builds well-being.Align spending with your values to define “enough.”Budgeting is about purpose, not restriction.True wealth equals freedom of choice plus peace of mind.Strong relationships remain the #1 driver of lasting happiness.Hashtags #DentalBoardroomPodcast #DentalFinance #HappyMoney #DentistLife #FinancialFreedom #WealthMindset #PracticeCFO #WesReadCPA #MoneyAndHappiness #DentalPracticeOwners

In this episode of the Dental Boardroom Podcast, host Wes Read, CPA and financial advisor at Practice CFO, explores the mindset shifts and habits that separate high-income dentists who struggle financially from those who build lasting wealth and freedom.Wes begins by revisiting the connection between money and happiness. He explains that while money can reduce stress, it does not automatically create fulfillment. How you use your money matters more than how much you earn. Many dentists experience stress from debt, high overhead, and lifestyle creep, which erodes both financial stability and mental wellbeing.He encourages building strong financial hygiene early: creating personal and business cash reserves, delegating financial complexity to trusted professionals, and resisting the urge to overspend. True wealth, he explains, is measured not by income but by freedom of time and choice, the ability to live without needing to work.Drawing from the book The Millionaire Next Door by Thomas J. Stanley and William D. Danko, Wes outlines four defining traits of mass affluent millionaires:Frugality — live below their means, avoid lifestyle inflationDiscipline — save and invest consistently, use debt strategicallyIndependence — value time freedom over showing statusStealth wealth — quietly build net worth without outward displayHe warns that many dentists earn high incomes but remain asset-poor because they focus on appearances rather than net worth. Instead, he urges owners to maintain a personal balance sheet, grow appreciating assets, minimize liabilities, and track progress toward financial freedom.This episode reframes wealth not as a number, but as a mindset and discipline choosing simplicity, consistency, and intentional spending so that money supports your life rather than controls it.Key PointsMoney reduces stress only when used intentionally, not emotionally.Build reserves, delegate complexity, and live simply to lower financial anxiety.True wealth is time and choice freedom, not just high income.Millionaires tend to be frugal, disciplined, independent, and understated.Track net worth, not income, to measure real progress.Avoid lifestyle creep; prioritize saving, investing, and debt discipline.Focus on long-term security instead of short-term appearances.

This week, Ross and Dan read and discuss The Millionaire Next Door. Does a finance book from 1996 still have precious lessons for us to learn about becoming Prodigious Accumulators of Wealth (PAWs) and avoiding the dreaded Under-Accumulator of Wealth (UAW) title? Tune in this week to see if this still deserves a spot on your shelf almost 30 years later.Send us a textSend your questions for upcoming show to checkyourbalances@outlook.com @checkyourbalances on Instagram

Welcome to another session of LifeClub with me Tashima Jones. Today we are focusing on what happy people have in common. There is much talk about happiness and how to obtain it, but what exactly is happiness itself? It's not something you can purchase at the store or order online. Its structure isn't something that can be seen with the natural eye or physically grasped. Let's explore the state of being happy together on this episode of LifeClub! Be sure to complete your Life Work (inclued in each episode). About LifeClub The Podcast LifeClub w/ Tashima Jones is a feel-good podcast. It can be seen as a mini coaching session with Tashima, complete with LifeWork and action steps to take after the show. With listeners in over 10 countries across 6 continents, LifeClub the Podcast focuses on personal development and delivering practical tips and tools on building inner-wealth.  About Tashima Jones Tashima Jones is an author, life coach, brand consultant, and founder of Connects (a philanthropic endeavor). Her debut book, Being Broke Made Me Rich, received reviews from the co-author of the New York Times best seller, The Millionaire Next Door, who happened to be her professor. As a Life Coach, she supports women who are ready to shift from survival mode to inner-wealth based living. Tashima holds a bachelor's degree in business & marketing, and studied psychology on a master's level but her greatest classroom has been personal life experience. She uses both her personal life (including her lowest moment after the degree, house, luxury car, and platinum wedding ring), and professional experience (in tech, wealth management marketing, luxury brand buying, real estate, and radio) to organically coach those who are desire authentic change in their lives.​  

In this part two, host Paul Jamison recaps the core principles from "The Millionaire Next Door," dives deeper into lessons on avoiding family handouts and choosing wealth-building occupations, and shares bonus findings from Dave Ramsey's study on how today's millionaires achieve success through consistent habits and hard work. 

Join host Paul Jamison as he explores the first three key lessons from Thomas Stanley's "The Millionaire Next Door," revealing how everyday millionaires prioritize living below their means, efficient resource allocation, and financial independence over flashy status symbols to build lasting wealth in the green industry and beyond.

Most people don't feel wealthy. But what if your day-to-day habits are quietly building serious financial strength? A recent article from Kiplinger outlined five surprising signs that you might be richer than you think. And none of them involve yachts or private jets… Let's analyze the habits that signal real, lasting wealth and what to do if you are (or aren't) on the right track.   Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381   ----more---- Transcript:  Marc: Most people don't feel wealthy. But what if your day-to-day habits are quietly building serious financial strength? Well, a recent article from Kiplinger outlined five surprising signs you might be in better shape than you realize. So let's talk about that this week, here on Plan with the Tax Man.   Welcome into the podcast, folks, as we break things down with Tony Mauro from Tax Doctor Inc., and this week, five signs that you're richer than you think, or at least, I don't know, that's the term it used in this article. I'm going to call it better off, Tony, than we maybe think. I've been talking to advisors like yourself for years, and more times than not, I'd say most advisors say usually about seven out of 10 times, and I'm going to give, maybe not so super specific, but people come in looking at that initial consultation wondering, am I okay? Right? That's the big question. And more times than not, advisors say people are in better shape than they realize. Is that what you see as well in your practice?   Tony Mauro: I'd say generally that, yes. They're not, I believe, where they want to be.   Marc: Sure.   Tony Mauro: Because obviously, they wouldn't be in there, but they're better off than they think. We seldom see somebody that's so far behind that it's impossible to...   Marc: Right, right. And I think that's the catch, right? It's kind of like going to the dentist. We all kind of go... Not to equate your stuff to the dentist, but unfortunately, it's a good analogy. People go, "I need to go, but I don't want to go, because I really don't like it." And then you wait until you've got a real problem and then it's a bigger pain. And so I think a lot of times people think, "Ah, I need to go see a financial professional, but I don't want to because going to give me bad news." And more times than not, again, people are in better shape than they realize.   So, let's run through this report. We'll put a link in the show description here for folks if they want to check it out. And we'll just do a real simple of these five signs. Where are you at? How are you guys doing with this stuff? So number one, Tony, is emergency fund. Have you prepared one? And I think COVID certainly highlighted the need for this for many people, when you were losing jobs, or not being allowed to come in, and weren't getting paid, or reduced pay, maybe put a squeeze on you if you didn't have that emergency fund.   Tony Mauro: Yeah, and this is the first question we ask clients when we're data gathering and whatnot, is to, if they have this. And most don't. Most don't. Most have heard about it, they've never done it, or they've tried it and just basically robbed it and never went back to it. But obviously, most of this types of advice, most planners are going to give you the same thing. You've got to get something like this in place before you can start investing for the future, because of things like job losses, everything that related with COVID, somebody's sick, that kind of thing. So, once you get that kind of stability, then we can kind of move on. Now, we don't have to make you wait to start doing planning until you have six months of expenses saved up.   Marc: Right. Great point. Yeah. Yeah.   Tony Mauro: It can take several years. But we got to get you at least working on it, even if it's $50, $100 bucks a month, to get money in there. And then the other thing is, I ask them, I said, "Do you even know what a month or two of expenses are?" Or do you just look at that checkbook and say, "Oh, well, we've got a little more money this month, we can spend it, and then we got to quit spending." And that goes to just personal finance there. But you've got to know those two things, and you got to get along that path.   Marc: I think the article goes on to say that the average American has about $1000 saved.   Tony Mauro: $1000 bucks.   Marc: Yeah. That's probably not going to get it done. So you got to work your way, like you said, into some sort of a groove there. And I know there's some debate back and forth about once you're retired, do you really need emergency fund? Because you are not working, so therefore you're 401 and all your different nest egg is really the emergency fund, I suppose. But while you're building up to retirement, you certainly want to have that emergency fund there.   Tony Mauro: Yes.   Marc: All right, number two on the list was, you live below your means. I'll throw in, you live within your means. I think below or within, especially in today's environment. If you can do within your means, I think again, these are steps, signs that you're doing pretty good.   Tony Mauro: And this is right out of probably the Millionaire Next Door book, or a chapter of it, is you must know, in my mind, of course, what you got coming in for your income, and then of course, a good idea of what your monthly outflows, are or your expenses. That's what we're talking about here, is living within or below your means. You still have money left at the end of every month, or at least at zero, and you're not going into the negative.   And this assumes that nothing bad or unusual is happening, but if you're in a negative every month, that means you have a spending problem, and you are not living within your means. And that's something we got to curtail, because there's no way you're going to be able to save. You come into us and say, "Hey, I've got to start saving for retirement," and we look at that and you're in a negative pretty much every month, we've got to make some changes immediately before we can start saving, because you don't even have any money to pay your bills, let alone if you get behind, which we just talked about, lose a job. How are you going to invest for retirement?   But yeah, it is definitely something that if you are living within your means, or even better, below, then you are going to be in great... I don't want to say great shape, to automatically have a great retirement. You still got to save.   Marc: Right. It's a big help, though. It's a big help.   Tony Mauro: Yeah, it's a big, big help.   Marc: Because lifestyle creep is a thing. I mean, as we make more money, we kind of want a few more things, and it's totally understandable. You work hard, blah, blah, blah, but you got to be careful not to get out of control. I was just reading something the other day, Tony, I'm not sure if you're a Gen X-er like me. I think you are. But it says Gen X-ers are most in debt right now, on an average of about $157,000, with vehicle debt being a big piece of it. That wasn't even including the house. So you got to get that stuff under control, and living within your means or below it, either way, is a good milestone there, a good marker for financial health.   Tony Mauro: I agree. I think before we leave that topic, it amazes me how many clients that they'll shop around and really feel good about trying to find whatever they're buying at the lowest price, and then they'll put it on a credit card, and they don't pay the credit card off. And I say, "But let me ask you, if you went into that same thing, just going to buy it and you're going to pay three times what they're asking for, would you do it?" And they say, "Absolutely not."   Marc: You wouldn't do it. Absolutely not.   Tony Mauro: "Absolutely not. I'm not doing that. I shopped for deals." I said, "But you really aren't getting any deal, because who knows how long you're going to take?"   Marc: You're just not paying the retail place or whatever the money because you got it cheaper, but you're paying the credit card company money.   Tony Mauro: You're paying the credit card company. So we find a lot of people with a lot of debt because of that.   Marc: That's a great point.   Tony Mauro: It just kind of goes along about that. You got to pay cash for things if possible, except for the few big things in life, because otherwise, generally that's a problem.   Marc: That's a fantastic point. It's very simple to overlook. You think, well, I kind of need to get this new... My computer's acting up for work, or whatever, and I got to get this new computer, and I need to finance it, but I'm going to shop around for the best deal. And maybe that's a higher dollar amount. Maybe you do need to finance it, but if you could save for it and just pay cash, you're just better off. You're just saving money. To your point, yeah, house, car, really big stuff makes sense, you may have to finance.   Tony Mauro: Big stuff, yeah.   Marc: Yeah. All right, number three, you invest strategically. Whether it's your workplace plan or whatever, you got a strategy, versus just, well, I threw it in the 2040 fund because my year to retire.   Tony Mauro: And I think people that, they have a head start when they come in and they say, look, I've got... Even if they've got three or four 401Ks from different employers, they're constantly investing in their current employers, whatever they have. Some of them are doing a Roth on their own, which is fantastic. It doesn't even, to us, matter as much of what they have it invested in, unless it's just all cash and they're really young or something like that, obviously we're going to advise them. But if they're already doing that strategically, they're well ahead of the game because putting money away, and if we can solve those first two problems, if they have them, then great. But that's just a sign that, yeah, they've got a great start on things, and once they get a good plan in place and can see the end goal, then they start feeling, you know what, this is achievable.   Marc: Yeah, right, exactly. It's like, hmm, I like that. Yeah, good stuff indeed. All right, well we're running through, again, these signs that you are in better shape than you realize. So we've got a couple more here to go. And again, check the link if you'd like to kind of read this article from Kiplinger.   You have multiple income streams, Tony. So it's not just, we all know diversification is the name of the game. We have that conversation all the time. But having more than one income stream, or even two. Some people will go, "Well, I've got my 401K, we're going to turn that into one, and then I've got social security, that's two. So I've got multiple." Well, yeah, okay. But what about some others?   Tony Mauro: Yeah, some others, I mean, even during the working years could be either... Could be as simple as a part-time job. It could be you've got a little side gig going on your own, a little business selling whatever you're doing, whether it's a service or actual goods. Could be rentals. We've had rentals since I was 20 years old, and it's good passive income now. All of this stuff comes with issues, meaning that it's just not free income and you don't have to do anything for it. But if you've got multiple income streams, I think it's better.   Yeah, it causes a little more, maybe stress in your life, maybe a little more to-do's. But at the end of the day, one, you're going to hopefully be making more money, and two, if something goes bad with the main gig, I call it, well, you've got at least a little income coming in from something while you figure it out. So I think it's always good to take a look at, especially today, I tell my son a lot, with AI, the way it's going and whatnot, it's just changing so fast. You got to be prepared to make some changes and try to earn money from different sources.   Marc: For sure. For sure. Yeah. Whether it's rental property or whatever else, but definitely just having those multiple income streams can go a long way towards, again, putting you in better shape than you might realize.   And then the final one, Tony, and you kind of touched on a little bit when we were talking about investing strategically, but just in general, the article talks about focusing on the long-term. How does your mindset and your behavior reflect with that? I think folks who are definitely thinking, especially sooner than later, 50-plus, you start really thinking long-term, that's going to help you out.   Tony Mauro: Yeah, and I like the fact that when clients come to see us and we give them a little quiz right off the bat, and if they answer it, whether they're nonstop watching TV and listening to the news and reacting to this short-term stuff, or whatever it may be, it's usually negative. And so, if they panic every time they're doing that and they're not focused on the long-term, for us, that's kind of a landmine. We have to try to talk them out of that if they're going to work with us. Versus a person comes in and says, "I've been doing all these things for years. I really don't pay attention to the news and I just keep putting money in and it's done fairly well for me." That's kind of more of the focus you want. With some, especially with an advisor, if you're meeting with them once or more a year, they're going to be able to help you and tell you what you have been doing. But you definitely want to keep a long-term perspective on things.   Marc: Yeah, and I think helping and having that long-term plan, again, sooner than later, gives you that runway that we need to plan out the stuff that we want to do. The new passing of the tax code and everything helped. Again, we talked about it the last couple of weeks, helped advisors. At least, if nothing else, whether you agree with it or don't agree with it, now you at least know what's ahead of you from a strategic planning standpoint for taxation and so on and so forth. And so, all of that kind of lends into just having a good cohesive strategy to get you to and through your retirement goal.   So, if you need some help, reach out to Tony. Hopefully, if you're doing some of these things, that makes you feel pretty good. You realize that maybe you're already on the right path. But find out, right? Run the numbers and see where you stand and what kind of work you need to do. Everybody can use a little bit of work, but sometimes people overreact, I think, and think, oh, if I go see an advisor, it's going to be some major overhaul to my life. And maybe it is, depending on what you've done, but a lot of times it's little tweaks, right? Little tweaks goes a long way.   So, get on the calendar, folks. YourPlanningPros.com. YourPlanningPros.com to schedule some time with Tony and his team at Tax Doctor Inc. And don't forget to subscribe to us on Apple or Spotify, whatever podcasting app you enjoy using, to catch future episodes when they come out. Tony, my friend, thanks for breaking it down and hanging out with us. Always appreciate your time.   Tony Mauro: All right, we'll talk to you on the next show.   Marc: We will see you next time here, we'll get into, as the year's winding down, we'll be almost into the fourth quarter on the next couple episodes coming up. So if you've got some questions, need some help, again, reach out to Tony, YourPlanningPros.com. We'll see you next time 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.

What you'll learn in this episodeHow to use self-directed IRAs for real estate and private dealsThe difference between recourse and non-recourse loansWhy 30% of Americans own their homes free and clear—and how that unlocks hidden capitalHow HELOCs can be powerful investment toolsWhy millionaires often drive F-150s, not LamborghinisHow to identify hidden wealth in your own network Strategies to create win-win opportunities and grow wealth together  To find out more about Dan Rochon and the CPI Community, you can check these links:Website: No Broke MonthsPodcast: No Broke Months for Salespeople PodcastInstagram: @donrochonxFacebook: Dan RochonLinkedIn: Dan RochonTeach to Sell Preorder: Teach to Sell: Why Top Performers Never Sell – And What They Do Instead

Dillon Widdows (https://www.linkedin.com/in/dillon-widdows-75a30884/) is a Senior Wealth Advisor at Accelerated Wealth who steers $85 million in client assets with a fiduciary mindset shaped by Fisher Investments and hard-won lessons from the 2008 crash. He now helps “millionaire-next-door” retirees turn disciplined saving into durable income and true financial contentment.In this episode, Chris and Dillon discussCoaching retirees to stay calm during 15% market drawdownsCrafting income + growth portfolios for military and federal pensionsWhy true fiduciaries never “sell” and how referrals power organic growthUltra-marathon habits that translate to client discipline and successConnect with DillonWebsite: https://acceleratedwealth.com/LinkedIn: https://www.linkedin.com/in/dillon-widdows-75a30884/Instagram: https://www.instagram.com/dwiddows7/Follow Ultra High Net Worth Clients & Host Chris BrodheadWebsite: https://www.ultrahighnetworthclients.comSpotify: https://open.spotify.com/show/4Guqegm2CVqkcEfMSLPEDriTunes: https://podcasts.apple.com/au/podcast/ultra-high-net-worth-clients-with-chris-brodhead/id1569041400YouTube: https://www.youtube.com/@uhnwcInstagram: https://www.instagram.com/ultrahighnetworthclientsTikTok: https://www.tiktok.com/@ultrahighnetworthclientsFacebook: https://www.facebook.com/UHNWCPodcastTwitter: https://twitter.com/uhnwcpodcastDisclaimerThe views and opinions expressed on the “Ultra High Net Worth Clients” podcast are those of the hosts, guests, and participants and do not necessarily reflect the views or positions of any entities they represent. The content provided is for informational purposes only and should not be construed as financial, legal, or tax advice. Listeners should consult with their own professional advisors before making any financial decisions. All investments involve risk, including the possible loss of principal. Past performance is not indicative of future results. The podcast, its producers, and affiliated parties make no representations or warranties as to the accuracy or completeness of any information presented.

Residency teaches you how to save lives, but does it teach you how to save money? In this episode of BackTable Urology, Dr. Sammy Elsamra joins host Dr. Gina Badalato to unpack the essentials of financial planning during and after urology residency. From budgeting and managing loans to covering living expenses, Dr. Elsamra emphasizes the importance of building an emergency fund, addressing high-interest debt, and following the 50-30-20 rule to maintain stability.---SYNPOSISThe conversation also dives into long-term strategies like Roth IRAs, tax-advantaged accounts, and the role of disability and life insurance in protecting your future. With recommendations such as The White Coat Investor and foundational financial books, Dr. Elsamra equips trainees with the knowledge and resources they need to set themselves up for lasting success. This episode is a must-listen for residents aiming to take control of both their careers and their financial futures.---TIMESTAMPS00:00 - Introduction01:56 - Post-Residency Financial Realities04:43 - Budgeting During Residency07:23 - The 50-30-20 Rule08:06 - Investing During Residency15:29 - Financial Planning for Attending Physicians24:42 - Understanding Insurance: Life and Disability33:11 - Resources and Advice for Financial Success---RESOURCESThe White Coat Investor (podcast and books):https://www.whitecoatinvestor.com/The Millionaire Next Door (book):https://themillionairenextdoor.com/

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1786: Jen Hayes explains why blogging stands out as a flexible, low-cost, and highly scalable side hustle that can adapt to any lifestyle. She highlights how blogging offers creative freedom, long-term passive income potential, and the ability to grow at your own pace without the burnout common in other gigs. Read along with the original article(s) here: https://www.jenhayes.me//why-blogging-best-side-hustle/ Quotes to ponder: "Blogging is flexible and can be done anytime, anywhere." "You can work on it for just a few hours a week or turn it into a full-time business." "Once you've built up your blog, you can earn passive income while you sleep." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transform-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1786: Jen Hayes explains why blogging stands out as a flexible, low-cost, and highly scalable side hustle that can adapt to any lifestyle. She highlights how blogging offers creative freedom, long-term passive income potential, and the ability to grow at your own pace without the burnout common in other gigs. Read along with the original article(s) here: https://www.jenhayes.me//why-blogging-best-side-hustle/ Quotes to ponder: "Blogging is flexible and can be done anytime, anywhere." "You can work on it for just a few hours a week or turn it into a full-time business." "Once you've built up your blog, you can earn passive income while you sleep." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transform-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1786: Jen Hayes explains why blogging stands out as a flexible, low-cost, and highly scalable side hustle that can adapt to any lifestyle. She highlights how blogging offers creative freedom, long-term passive income potential, and the ability to grow at your own pace without the burnout common in other gigs. Read along with the original article(s) here: https://www.jenhayes.me//why-blogging-best-side-hustle/ Quotes to ponder: "Blogging is flexible and can be done anytime, anywhere." "You can work on it for just a few hours a week or turn it into a full-time business." "Once you've built up your blog, you can earn passive income while you sleep." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transform-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1786: Jen Hayes explains why blogging stands out as a flexible, low-cost, and highly scalable side hustle that can adapt to any lifestyle. She highlights how blogging offers creative freedom, long-term passive income potential, and the ability to grow at your own pace without the burnout common in other gigs. Read along with the original article(s) here: https://www.jenhayes.me//why-blogging-best-side-hustle/ Quotes to ponder: "Blogging is flexible and can be done anytime, anywhere." "You can work on it for just a few hours a week or turn it into a full-time business." "Once you've built up your blog, you can earn passive income while you sleep." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transform-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to another session of LifeClub with me Tashima Jones. Today we are focusing on acting on the good you believe in. Too often we read countless books, attend dozens of conferences, and sign up to way too many seminars to gain information that quite often isn't put to use. Gaining information is helpful in shifting one's mindset but its not as helpful if the new mindset doesn't influence one's actions. Get your pens and journals ready as we dive in to changing our lifestyles by changing our behaviours right here on LifeClub. Be sure to complete your LifeWork.  About LifeClub The Podcast LifeClub w/ Tashima Jones is a feel-good podcast. It can be seen as a mini coaching session with Tashima, complete with LifeWork and action steps to take after the show. With listeners in over 10 countries across 6 continents, LifeClub the Podcast focuses on personal development and delivering practical tips and tools on building inner-wealth.  About Tashima Jones Tashima Jones is an author, life coach, brand consultant, and founder of Connects (a philanthropic endeavor). Her debut book, Being Broke Made Me Rich, received reviews from the co-author of the New York Times best seller, The Millionaire Next Door, who happened to be her professor. As a Life Coach, she supports women who are ready to shift from survival mode to inner-wealth based living. Tashima holds a bachelor's degree in business & marketing, and studied psychology on a master's level but her greatest classroom has been personal life experience. She uses both her personal life (including her lowest moment after the degree, house, luxury car, and platinum wedding ring), and professional experience (in tech, wealth management marketing, luxury brand buying, real estate, and radio) to organically coach those who are desire authentic change in their lives.​

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3689: Tynan explores the deeper reasons behind choosing a frugal lifestyle, highlighting how intentional spending creates freedom, confidence, and stronger relationships. His perspective challenges the idea that frugality is about deprivation, reframing it instead as a conscious, values-driven way to live fully and independently. Read along with the original article(s) here: http://tynan.com/lovefrugal Quotes to ponder: "Frugality isn't about saving money, it's about aligning your spending with your values." "I don't feel limited by frugality, I feel empowered by it." "The real benefit of frugality is not saving money, but living in a way that makes you proud of your choices." Episode references: Mr. Money Mustache: https://www.mrmoneymustache.com/ The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Independent/dp/145360121X Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3689: Tynan explores the deeper reasons behind choosing a frugal lifestyle, highlighting how intentional spending creates freedom, confidence, and stronger relationships. His perspective challenges the idea that frugality is about deprivation, reframing it instead as a conscious, values-driven way to live fully and independently. Read along with the original article(s) here: http://tynan.com/lovefrugal Quotes to ponder: "Frugality isn't about saving money, it's about aligning your spending with your values." "I don't feel limited by frugality, I feel empowered by it." "The real benefit of frugality is not saving money, but living in a way that makes you proud of your choices." Episode references: Mr. Money Mustache: https://www.mrmoneymustache.com/ The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Independent/dp/145360121X Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3689: Tynan explores the deeper reasons behind choosing a frugal lifestyle, highlighting how intentional spending creates freedom, confidence, and stronger relationships. His perspective challenges the idea that frugality is about deprivation, reframing it instead as a conscious, values-driven way to live fully and independently. Read along with the original article(s) here: http://tynan.com/lovefrugal Quotes to ponder: "Frugality isn't about saving money, it's about aligning your spending with your values." "I don't feel limited by frugality, I feel empowered by it." "The real benefit of frugality is not saving money, but living in a way that makes you proud of your choices." Episode references: Mr. Money Mustache: https://www.mrmoneymustache.com/ The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Independent/dp/145360121X Learn more about your ad choices. Visit megaphone.fm/adchoices

A power shift is underway. And it is not just political or technological.  In this episode of The Millionaire Next Door, host Robert Curtiss sits down with Michael Underhill, Chief Investment Officer at Capital Innovations, to explore the seismic transformation in infrastructure and energy investing. With humor, historical context, and deep industry insight, Michael compares … Read More Read More

Send us a textOn this episode of The Get Ready Money Podcast, I spoke with Stevyn Guinnip, Author, Speaker and Founder of Grow Wellthy about changing the way we think about money and growing wellthy.Key takeaways:Financial wellness and physical wellness are interrelated.The difference between lifespan and healthspan. How do you lengthen your healthspan and reduce your sick span.The number 1 worry in retirement is health. Your money and health are integrated into every aspect of your life.How to turn a health debt into an asset.When you're prepared for the worst case scenario, everything else is icing on the cake. Connect with Stevyn Guinnip:Website (here)LinkedIn (here)Instagram (here) Books:The Health-Wealth Playbook: A Financial Advisor's 4-Step Strategy to Live Well Longer (waitlist) Resources mentioned:How healthy are you? Quiz (here)I Will Teach You to Be Rich by Ramit Sethi (Bookshop)The Four Pillars of the New Retirement: What a Difference a Year Makes - An Edward Jones and Age Wave Study: June 2021 (here)The Millionaire Next Door by Thomas Stanley (Bookshop)Vagus Nerve - Cleveland Clinic (here)Bio: Stevyn Guinnip, the daughter of a successful financial planner, spent most of her career as an exercise physiologist. After a near death experience in Australia, she repurposed four financial concepts to turn her health around. Now her company, Grow Wellthy™, helps financial advisors invest in their health using the same system. Stevyn interviewed over 500 financial professionals for her book on this topic, and she challenges financial advisors to see their health as an asset and an integral part of financial planning. She now lives on the island of Madeira, Portugal with her husband and two teenagers.Support the showThe Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.

  Welcome to another session of LifeClub with me Tashima Jones. Today we are focusing on the emotional con artist and how not to fall for one. We will discover what an emotional con artist is, their ultimate goal and how to spot one. Get your pens and journals ready for this session of Life Club.   Be sure to complete your LifeWork.  About LifeClub The Podcast LifeClub w/ Tashima Jones is a feel-good podcast. It can be seen as a mini coaching session with Tashima, complete with LifeWork and action steps to take after the show. With listeners in over 10 countries across 6 continents, LifeClub the Podcast focuses on personal development and delivering practical tips and tools on building inner-wealth.    About Tashima Jones Tashima Jones is an author, life coach, brand consultant, and founder of Connects (a philanthropic endeavor). Her debut book, Being Broke Made Me Rich, received reviews from the co-author of the New York Times best seller, The Millionaire Next Door, who happened to be her professor. As a Life Coach, she supports women who are ready to shift from survival mode to inner-wealth based living. Tashima holds a bachelor's degree in business & marketing, and studied psychology on a master's level but her greatest classroom has been personal life experience. She uses both her personal life (including her lowest moment after the degree, house, luxury car, and platinum wedding ring), and professional experience (in tech, wealth management marketing, luxury brand buying, real estate, and radio) to organically coach those who are desire authentic change in their lives.​

I'm thrilled to welcome Clayton Quamme to today's episode of Military to Financial Planner! Clayton shares his fascinating career journey, starting with an unexpected gift—a personal finance book from his mom—back when he was 16. It sparked his lifelong passion for personal finance and wealth-building. From his time in Army ROTC to an influential moment in college that solidified his career path, Clayton recounts how these early experiences shaped his focus on becoming a Certified Financial Planner™. Clayton's story is all about intentional career pivots—often stepping backward financially to move forward strategically, gaining essential skills and expertise along the way. Throughout our conversation, Clayton provides incredible transparency. He details salary expectations at different stages of his career, from his initial struggles transitioning from active duty, taking a significant pay cut, balancing numbers as the family's primary income-earner, to becoming a partner at a successful RIA managing over $300 million. Come prepared to hear about the practical realities of financial planning careers, salary expectations, and what transitioning service members can anticipate as they navigate this exciting yet challenging profession. If you're coming out of a military background and wondering how to break into financial planning, Clayton shares helpful resources, thoughtful insights, and actionable advice born from personal experience. Clayton's journey illustrates that sometimes progress isn't linear, but every step backward can position you for greater growth and success ahead.  https://www.linkedin.com/in/claytonquamme/ The Automatic Millionaire by David Bach https://davidbach.com/books/the-automatic-millionaire/ The Millionaire Next Door https://www.themillionairenextdoor.com/  

In this episode of the Personal Finance Podcast,  we are going to talk about the 9 things you need to do to become a millionaire next door. Watch this episode on Youtube. How Andrew Can Help You:  Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok.  Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/ Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Shop Data Plans and Save Big at mintmobile.com/pfp  Go to https://joindeleteme.com/PFP20/ for 20% off! DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc.  This episode is sponsored by Plaud https://www.plaud.ai/ — an AI wearable gadget that takes notes of meetings and calls. With Plaud, you don't have to take notes and make summaries anymore.  Links Mentioned in This Episode:  How to Run the Numbers on a Rental Property (And the Mistakes You MUST Avoid) Connect With Andrew on Social Media:  Instagram  TikTok Twitter  Master Money Website  Master Money Youtube Channel   Free Guides:   The Stairway to Wealth: The Order of Operations for your Money  How to Negotiate Your Salary  The 75 Day Money Challenge  Get out Of Debt Fast  Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textReady to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...  Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com  At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribeThe consumption tax may be your most expensive hidden tax, created when high earners spend profits on lavish lifestyles instead of tax-advantaged investments that build generational wealth. This concept affects both business owners and W-2 earners, as the tax code rewards those who reinvest rather than consume their profits.• The consumption tax occurs when you spend all profits on lifestyle expenses, leaving nothing for tax-advantaged investments• High-income earners who spend excessively on luxury items often struggle to implement effective tax strategies• The IRS incentivizes business reinvestment, charitable giving, and investments in energy and real estate• W-2 earners can access similar tax advantages through side businesses, strategic investments, and withholding adjustments• Creating legitimate business purposes for existing activities can transform personal expenses into deductible business expenses• Reinvesting profits gives you more control over the timing and rate of taxation• Capital gains are taxed at lower rates than ordinary income, creating wealth-building advantages• Consider whether your current lifestyle is financially sustainable when accounting for taxes• Resources like "Profit First" methodology help prioritize profit before expenses• Books like "The Millionaire Next Door" reveal that most wealthy people maintain modest lifestyles to build wealth

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3641: April Dykman examines the internal conflict between overindulging and over-restricting with money, offering a deeply personal look at how both behaviors can sabotage financial peace. Her reflections encourage listeners to pursue a balanced approach that aligns spending with their core values rather than emotional reactions. Read along with the original article(s) here: https://www.getrichslowly.org/the-balance-between-splurger-and-miser/ Quotes to ponder: "I don't like how I feel when I spend money, but I don't like how I feel when I don't spend money either." "I'm constantly searching for balance between being a miser and a splurger." "I've begun to see that spending in alignment with my values can lead to greater happiness." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Advanced/dp/145360121X Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3641: April Dykman examines the internal conflict between overindulging and over-restricting with money, offering a deeply personal look at how both behaviors can sabotage financial peace. Her reflections encourage listeners to pursue a balanced approach that aligns spending with their core values rather than emotional reactions. Read along with the original article(s) here: https://www.getrichslowly.org/the-balance-between-splurger-and-miser/ Quotes to ponder: "I don't like how I feel when I spend money, but I don't like how I feel when I don't spend money either." "I'm constantly searching for balance between being a miser and a splurger." "I've begun to see that spending in alignment with my values can lead to greater happiness." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Advanced/dp/145360121X Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3641: April Dykman examines the internal conflict between overindulging and over-restricting with money, offering a deeply personal look at how both behaviors can sabotage financial peace. Her reflections encourage listeners to pursue a balanced approach that aligns spending with their core values rather than emotional reactions. Read along with the original article(s) here: https://www.getrichslowly.org/the-balance-between-splurger-and-miser/ Quotes to ponder: "I don't like how I feel when I spend money, but I don't like how I feel when I don't spend money either." "I'm constantly searching for balance between being a miser and a splurger." "I've begun to see that spending in alignment with my values can lead to greater happiness." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Early Retirement Extreme: https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Advanced/dp/145360121X Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

What does being wealthy truly look like? We imagine having big fancy houses, exotic vacations, and high status jobs. But what if I told you that most millionaires, even decamillionaires today, might not look quite like the famous person on your tv or phone screen, but more like your average Joe, living in a house down the street? That scenario is more than norm than you may realize, and that's good news for everyone.   Links: The Millionaire Next Door by Thomas J. Stanley and William D. Danko Learn more about this Money Tip's sponsor: New England Royal Service Check out TCU University for financial education tips and resources! Follow us on Facebook, Instagram and Twitter! Learn more about Triangle Credit Union  Transcript: Welcome to Money Tip Tuesday from the Making Money Personal podcast.   Today's Money Tip is proudly sponsored by New England Royal Service. A local NH business offering commercial cleaning and property maintenance trusted for its exceptional service. Visit neroyal.com to learn more and show us a little love by mentioning this podcast when you reach out!  Now back to today's tip.  Reading books is a powerful way to shift your mindset about money and finance, along with gaining practical techniques to achieve your desired financial life. One notable book is The Millionaire Next Door by Thomas J. Stanley and William D. Danko. First published in 1996, the book delves into the habits of the wealthy, challenging many common misconceptions about wealth.  The authors break down key concepts that question the stereotypical views of wealthy individuals. For instance, wealth isn't always visible, and attaining it isn't solely dependent on income or profession; anyone can adopt wealth-building practices. This idea is fundamental, as many believe wealth is an exclusive domain, locked away by a hidden secret known only to a select few. However, the book demonstrates that with intentionality, focus, and cultivated habits, anyone can build wealth.  Stanley and Danko conducted thorough research across various demographics to uncover what distinguishes wealthy individuals from those who are not. The findings are often surprising. The common belief that a high salary guarantees wealth is swiftly debunked; while income does play a role, how individuals manage their finances holds greater significance.   Another revelation from the book is that appearances can be misleading. A person flaunting a large house, designer clothes, or a luxury car may not be financially secure. The pressure to project an image of wealth often incurs hidden costs. The authors shared, "many people tell us that you can judge a book by its cover, meaning that high-grade doctors, lawyers, accountants, and so on are expected to live in expensive homes. They also are expected to dress and drive in a style congruent with their ability to perform their professional duties."   Interestingly, surveys discussed in the book indicated that many millionaires do not prioritize purchasing luxury items. They tend to be frugal, preferring utility over showmanship when it comes to their spending habits. For instance, their survey results showed that the average American millionaire never spent more than $399 on a suit, with a quarter spending $285 or less. Additionally, about half never spent more than $140 on shoes, and many did not exceed $235 on a wristwatch. Remember that the surveys were conducted in the 90s, so the actual dollar amounts may have shifted a little bit since then.   The authors highlight a critical distinction between high wealth accumulation and the ostentatious display of wealth. They state, "...some people judge others by their choice in foods, beverages, suits, watches, motor vehicles, and such. To them, superior people have excellent tastes in consumer goods. But it is easier to purchase products that denote superiority than to be superior in economic achievement."   Such insights highlight the significant role of frugality in wealth accumulation, which is often overlooked. The authors state, "Being frugal is the cornerstone of wealth-building. Yet far too often, the big spenders are promoted and sensationalized by the popular press. We are constantly barraged with media hype about so-called millionaire athletes, for example."  The book encourages readers to realize they have more control over their financial destinies than they might think. Adopting millionaire habits can be achievable for anyone. For example, individuals can adjust their consumption patterns to reduce spending and enhance savings. Moreover, selecting a career with a clearer understanding of associated costs and responsibilities—be it pursuing a doctorate or starting a business—can maximize financial outcomes.  Encouraging a 'pay yourself first' mentality in personal and family finances is another valuable takeaway. This mindset helps prioritize saving over unnecessary spending, providing a sense of security and control over one's financial future.  If you're considering reading the book, there are a few points to keep in mind. The wealth of data and statistics presented may come across as dry if you're not inclined toward research-driven narratives. Furthermore, since the book was initially written in 1996, some of the information may now seem outdated. My copy was republished in 2010, but monetary values and occupational statistics have undoubtedly evolved since then. A dollar in 1996, for instance, had greater purchasing power than it does today, which can affect how some financial principles are perceived.  Overall, The Millionaire Next Door offers valuable insights into the habits and mindsets that contribute to wealth accumulation. By debunking common myths and encouraging practical financial habits, it provides a more accessible view of how anyone can work toward financial success, equipping readers with actionable steps to improve their economic situation.  If there are any other tips or topics you'd like us to cover, let us know at tcupodcast@trianglecu.org. Also, remember to like and follow our Making Money Personal Facebook and Instagram to share your thoughts. Finally, remember to look for Triangle Credit Union, on Facebook and LinkedIn.         Thanks for listening to today's Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast. 

Episode 93: Being Chosen & How Real Love is Enough Welcome to another session of LifeClub with me Tashima Jones. Today we are focusing on being chosen in relationships and how real love is enough. So many relationships end because the beginning never really started properly. Campaigning to be chosen versus being chosen for being yourself is a sure way of having a toxic relationship. Get your pens and journals ready as we dive into what being chosen looks like and more right here on LifeClub.  Be sure to complete your LifeWork.  About LifeClub The Podcast LifeClub w/ Tashima Jones is a feel-good podcast. It can be seen as a mini coaching session with Tashima, complete with LifeWork and action steps to take after the show. With listeners in over 10 countries across 6 continents, LifeClub the Podcast focuses on personal development and delivering practical tips and tools on building inner-wealth.  About Tashima Jones Tashima Jones is a life coach, author, and brand consultant helping people and personal brands gain more clarity, sustainability, and fulillment by way of Tashima Jones Media (a multimedia platform producing printed content, podcasts, and other digital properties) and Connects (a philanthropic endeavor). Tashima's debut book, Being Broke Made Me Rich, received favorable reviews from the co-author of the New York Times best seller (who also happened to be her professor), The Millionaire Next Door. She uses both her personal life (including her lowest moment after the degree, house, luxury car, and platinum wedding ring), and professional experience (in media, tech, wealth management marketing, luxury brand buying, real estate, business administration, psychology, and radio) to organically coach those who are building their lives or building their brands.  Visit TashimaJones.com for more. 

According to research done by the authors of the book *The Millionaire Next Door,* 70% of American millionaires are first generation. This means that in most instances wealth is not being effectively passed down to the next generation, as it is not being preserved. That generation doesn't know how to handle that much money (how many lottery winners are broke a year or two later?) So to talk about how to deal with inherited wealth, in this episode of the podcast I talk with Master Life Coach Chase Collins about how people who achieve significant financial independence can prepare their children for the receipt and handling of a significant financial legacy. In this episode you will learn: - The 3 biggest mistakes people make with inherited wealth - How to teach your children how to handle inherited wealth - How to deal with guilt associated with wealth - About avoiding the "Expectation Trap" - How to manage wealth and avoid losing it shortly after inheriting it

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2620: Mr. Money Mustache challenges the culture of extravagant spending on weddings by spotlighting the financial consequences of prioritizing appearances over substance. He offers a refreshing, rational perspective on how celebrating love can be joyful, meaningful, and debt-free - ultimately freeing couples to focus on what truly matters. Read along with the original article(s) here: http://www.mrmoneymustache.com/2011/08/17/royal-wedding-shloyal-fledding/ Quotes to ponder: "A wedding is just a party, and a party does not have to cost tens of thousands of dollars." "Life gets much better when you stop trying to impress others and just live according to your own values." "You can have a rich life, or you can have a rich-looking life. Pick one." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

What mindset separates high earners from true wealth builders? Inspired by The Millionaire Next Door by Dr. Thomas Stanley, Tim Ulbrich breaks down how changing his perspective on money transformed his financial path, and how it can do the same for you. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD explores the key mindset shift that helps pharmacists quietly build lasting wealth. This isn't about flashy cars or overnight success. It's about the habits, discipline, and mindset millionaires use to build wealth quietly and consistently. Drawing from both personal experience and lessons from The Millionaire Next Door by Dr. Thomas Stanley, he shares how pharmacists and other high-income earners can adopt a wealth-building mindset that prioritizes financial independence over lifestyle inflation. Whether you're just getting started or looking to level up, this episode will challenge how you think about money and give you the tools to create lasting change. In this episode, you'll learn: The mindset millionaires adopt (that most people don't) Why high income doesn't guarantee financial freedom How to build money habits that grow wealth over time What these insights mean for pharmacists and other professionals pursuing financial independence Mentioned on the Show First Horizon's Pharmacist Home Loan Your Financial Pharmacist The Millionaire Next Door by Dr. Tom Stanley I Will Teach You to be Rich by Ramit Sethi The Compound Effect by Darren Hardy  

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3149: Brian Tracy breaks down the five core reasons most people fail to achieve financial independence, from never realizing wealth is possible for them to lacking long-term perspective. He explains how procrastination, poor financial habits, and indecisiveness prevent many from building real wealth, offering actionable mindset shifts for anyone ready to break the cycle. Read along with the original article(s) here: https://www.briantracy.com/blog/general/5-reasons-why-most-dont-become-wealthy/ Quotes to ponder: "If it never occurs to them, then they never take any of the steps necessary to make it a reality." "The primary reason for underachievement and failure is that the great majority of people don't decide to be successful." "If you cannot delay gratification, and discipline yourself to refrain from spending everything you make, you cannot become wealthy." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3149: Brian Tracy breaks down the five core reasons most people fail to achieve financial independence, from never realizing wealth is possible for them to lacking long-term perspective. He explains how procrastination, poor financial habits, and indecisiveness prevent many from building real wealth, offering actionable mindset shifts for anyone ready to break the cycle. Read along with the original article(s) here: https://www.briantracy.com/blog/general/5-reasons-why-most-dont-become-wealthy/ Quotes to ponder: "If it never occurs to them, then they never take any of the steps necessary to make it a reality." "The primary reason for underachievement and failure is that the great majority of people don't decide to be successful." "If you cannot delay gratification, and discipline yourself to refrain from spending everything you make, you cannot become wealthy." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1651: Michelle Schroeder-Gardner breaks down the essentials of passive income, explaining how it can provide financial freedom through upfront effort and long-term rewards. She shares a variety of practical, beginner-friendly ideas, ranging from dividend investing to creating digital products, helping listeners discover income strategies that suit their skills and goals. Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/04/what-is-passive-income-ideas.html Quotes to ponder: "Passive income is income that you earn with little work to maintain." "Eventually, you may be able to earn a living through passive income streams." "Passive income allows you to free up your time and possibly even retire early." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1651: Michelle Schroeder-Gardner breaks down the essentials of passive income, explaining how it can provide financial freedom through upfront effort and long-term rewards. She shares a variety of practical, beginner-friendly ideas, ranging from dividend investing to creating digital products, helping listeners discover income strategies that suit their skills and goals. Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/04/what-is-passive-income-ideas.html Quotes to ponder: "Passive income is income that you earn with little work to maintain." "Eventually, you may be able to earn a living through passive income streams." "Passive income allows you to free up your time and possibly even retire early." Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3095: Brian Tracy breaks down the habits and mindset shifts that separate those who only look rich from those who are rich. Learn how adopting long-term thinking, discipline, and a focus on wealth-building behaviors can lead to true financial independence - regardless of your current income. Read along with the original article(s) here: https://www.briantracy.com/blog/financial-success/look-rich-or-be-rich-develop-a-millionaire-mindset-to-achieve-financial-independence-wealthy-people/ Quotes to ponder: “People who look rich often have little or no money saved. They work to earn and then spend everything on the outward appearance of success.” “People who are really rich are more concerned with building and maintaining wealth over time than with showing it off.” “You become what you think about most of the time. If you think about financial independence and becoming wealthy, you begin to do the things that will make it a reality.” Episode references: The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612681131 The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111 Learn more about your ad choices. Visit megaphone.fm/adchoices

Another day, another batch of money myths to bust. In this episode of Talking Real Money, Tom and Don take a sledgehammer to the idea that becoming a millionaire requires some kind of magical stock picking, insane work hours, or pure dumb luck. Spoiler: It's mostly about spending less than you make, investing consistently, and avoiding financial landmines (like high-interest debt). A listener asks whether bonds are still the best diversifier in a portfolio, which leads to a deep dive into why no investment is a perfect hedge against stocks—despite what the Wall Street wizards want you to believe. Fidelity gets a well-deserved roasting for pushing annuities inside IRAs (seriously, why?). And for those considering Tesla stock or any other hot-shot investment, let's just say: strap in, because that rollercoaster is a wild one. Along the way, they take on listener questions, reminisce about financial talk radio, and remind everyone that no one—NO ONE—can predict the future, no matter how much they charge for their “insight.” 0:41 - Debunking millionaire myths: It's not about luck, Amazon IPOs, or working 80-hour weeks. 1:45 - The Millionaire Next Door and the modern rise in millionaires (2020–2023). 2:48 - The top millionaire habits: underspending, steady investing, and avoiding debt. 3:13 - Don't ignore “free money” (employer 401k match) as part of your wealth strategy. 3:36 - Understanding risk-adjusted investments (not market trends or headlines). 4:12 - The dangers of high-interest credit card debt (current rates around 20%). 9:19 - Listener question: Are there better alternatives to bonds in a portfolio? 11:52 - The myth of negative correlation: Bonds don't always move opposite to stocks. 14:30 - Real estate, commodities, private credit—are they good alternatives? (Mostly no.) 17:37 - Why hedge funds fail at providing a true alternative investment strategy. 18:24 - Listener question: Should an annuity be inside an IRA? (No, and beware of sales tactics.) 20:06 - A listener asks about tools to analyze asset allocation across different accounts. 23:32 - A caller asks about his mom's annuity; Fidelity gets called out for bad advice. 28:08 - The risks of annuities vs. safer alternatives like CDs. 31:41 - Listener question: Should I invest my cash-back rewards in Tesla or AVGE? (Tesla is a rollercoaster.) 34:29 - Individual stock risk: Why even major companies (like Walgreens) can collapse. 37:36 - Nostalgic discussion about financial talk radio, Bob Brinker, and Financial Fysics. Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you want to be a millionaire? Wes dives into the fascinating trend of "mini millionaires" and uncovers the secrets to their success. He explores data from the Federal Reserve and the Wall Street Journal, revealing the common traits of those achieving millionaire status. Are they earning massive salaries? How much does education matter? He breaks down the key factors. Plus, he revisits the timeless wisdom of "The Millionaire Next Door" and how its core principles still apply today. Also, Wes shares three powerful investing lessons from an interview with the legendary John Bogle, founder of Vanguard. Plus, Christa shares your #AskWes questions and Wes gives his take. All this and more on the February 18, 2025, Ask an Advisor episode of the Clark Howard podcast. Submit your questions at clark.com/ask. We hope you enjoy our weekly Ask An Advisor episodes, in which Christa and Wes discuss investing and retirement savings in depth. Let us know what you think in the comments! Learn more about Wes: Wes Moss, CFP® Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices