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This episode is brought to you by The Profit Line: The Outsourced Finance & Accounting Department for Small and Medium Sized Businesses * This episode is brought to you by Oberle Risk Strategies: Insurance Broker and Insurance Due Diligence Provider for Search Funds and Other Small-to-Medium-Sized Businesses * Today I am thrilled to welcome Carl Richards to the podcast. Carl has spent decades as a Certified Financial Planner, is the creator of the Sketch Guy column (which appeared weekly for a decade in The New York Times), is a best selling author (most notably of The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money), is a podcaster (most recently, the host of 50 Fires: A Podcast About Money and Meaning), and is a frequent contributor to countless financial and other publications, including Morningstar Advisor, Marketplace Money, Oprah.com, and Forbes.com, among others. In our conversation today, we cover: How in some instances money can indeed buy happiness; Why money is like alcohol; Why you should aim to “die with zero”; How to run small experiments to see what types of spending are likely to produce happiness for you; Why you may want to think about money as you would gathering firewood in a remote cabin in the wilderness; And much, much more.
"Self care" is often associated with pampering practices like pedicures and retail therapy. But what if getting really acquainted with your finances - and what they can do for you - is one of the most important ways you can care for yourself and your future? No matter what you hope to do, be, or accomplish in the "what's next" of your life, the fact is that having a good grasp of your finances opens up a world of options. In this episode of Mother of Reinvention I talk to Certified Financial Planner Melissa Joy about the many reasons women put off financial planning - but why NOW is the right time to start. Our conversation is a compassionate yet no-nonsense look at why there's no reason to wait to get acquainted with your money and create a plan for what it can do for you - now and for your future. Featured Sponsor: Prep Dish is a subscription-based meal planning service catering to Keto, Gluten-Free, and Paleo lifestyles. Now featuring SUPER FAST menus with included grocery lists: shop once, do an hour of prep whenever you have time, and you’ll enjoy healthy, delicious meals all week long. Sign up at PrepDish.com/MOR to get your first 2 weeks FREE. Sponsor Shoutout I love this high-quality jewelry brand & wear their pieces every day. Check out the Solid Kinoko earrings that transform my yoga clothes to a Zoomworthy professional look! Get 10% off all products at analuisa.com/mor and use MORMD at checkout. About Melissa: Melissa lives in Michigan with her husband Jeff and children, Gus and Josie. In 2018, she founded Pearl Planning after working in the world of financial planning for over 20 years. She is a Certified Financial Planner as well as a Certified Divorce Financial Analyst. Her company specializes in working with executives, entrepreneurs, and those needing help with transitions such as retirement or divorce. Pearl Planning is based in Michigan, but has clients coast-to-coast. Melissa is a frequent speaker at financial conferences and has been awarded recognition on the Working Mother Magazine & Shook Research 2017 & 2018 Top Wealth Advisor Moms List. She has also been quoted as an investment and financial planning professional in publications such as Financial Advisor Magazine, Yahoo! Finance, Money Magazine, Wall Street Journal, Chicago Tribune, Financial Planning Magazine, and Morningstar Advisor. Episode Links: Learning more about Melissa's company, Pearl Planning.Check out MORFaves to see what I'm loving these days!
Flashback Friday, Original Release Date: March 4, 2013 It is possible to illustrate complex financial concepts and Jason Hartman interviews author/artist, Carl Richards, who developed a way to do this and led to his book, The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money. Carl creates simple sketches that help people understand financial concepts, which he refers to as Visualizing Finance. People are primarily visual learners and Carl found that as he made the concepts visual, it was easier to communicate them to others effectively. He shares some of these visualizations, such as the market cycles, explaining the terms he uses and the psychology behind the buy/sell behaviors in the stock market. Using a Venn diagram, he is able to help people realize what they have control over and what they don’t, whether it’s investments or business, and enabling them to make better decisions and simplify their financial life. Carl became an accidental artist with his simple sketches that make complex financial concepts easy to understand for thousands of people every week on The New York Times Bucks blog. Richards’ art had its first showing at the Kimball Art Center, in Park City, Utah. His commissioned work is on display in businesses and educational institutions across the country. His sketches also serve as the foundation for his first book, The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money (Portfolio/Penguin). Carl has appeared regularly on American Public Media's Marketplace Money, writes a column for Morningstar Advisor, and keynotes financial planning conferences and visual learning events. You can find more of his writing and sketches at BehaviorGap.com. A CERTIFIED FINANCIAL PLANNER™, Carl is also the director of investor education at BAM Advisor Services and lives in Park City, Utah, with his family. As a financial planner, Carl Richards grew frustrated watching people he cared about make the same mistakes over and over with their money. They were letting emotion get in the way of making smart financial decisions. He named this phenomenon—the distance between what we should do and what we actually do— “the behavior gap.” A quote from his book states, “It’s not that we’re dumb. We’re wired to avoid pain and pursue pleasure and security. It feels right to sell when everyone around us is scared and buy when everyone feels great. It may feel right—but it’s not rational.”
Rick Kent Owner and Principal, Merit Financial Advisors LLC is interviewed in this episode. Merit Financial Advisors, LLC is a SEC registered RIA firm that manages over $580 million in discretionary client assets as of June 15, 2015. Rick's work has been published in numerous industry publications such as Forbes, Financial Advisor Magazine, Research Magazine, and Morningstar Advisor. Follow Adam on Instagram at Ask Adam Torres for up to date information on book releases and tour schedule. Apply to become a featured co-author in one of Adam's upcoming books: https://www.moneymatterstoptips.com/coauthor --- Support this podcast: https://anchor.fm/moneymatters/support
Bill Winterberg is the founder of FPPad, a technology publication and business consulting firm to financial services organizations. Bill produced the FPPad Fintech Flash Briefing and was the host of FPPad Bits and Bytes, video broadcast and email newsletter covering technology news and information for financial professionals. He provided technology commentaries for the Journal of Financial Planning and was the monthly technology columnist for Morningstar Advisor. InvestmentNews recognized Bill as a 40 Under 40 Honoree for his influence in the industry, and he was named to the 2013 IA 25 list of the most influential people in the profession. Before entering financial services, Bill was a software engineer for Hewlett Packard and LeapFrog Toys. On a personal note, he lives in Atlanta, GA with his wife and nine-year-old son. Listen to Bill as he shares his worst investment ever story purchasing a manufactured home that he and his wife bought out of a loan, the events that made them decide to sell the property, the tedious selling process they've experienced, and the ballooning interest loans that they had to settle while trying to let go of the property. Don’t miss out this truly relevant story of decision making and learn from the consequences that Bill made. “It doesn't even necessarily need to be whether or not this investment has gone bad or is still good, but some or many times, circumstances happen in your life that you cannot predict.” – Bill Winterberg What do you want to hear from the My Worst Investment Ever Podcast? Tell us here! Resources: My Worst Investment Ever Book myworstinvestmentever.com Your Money or Your Life Topics Covered: 01:23 – Bill’s personal and professional experience 05:14 – Bill shares how he purchased a home in San Francisco and how it ended up as a bad investment after a life-changing situation 18:21 – Lessons learned by our guest 20:36 – Andrew shares his three takeaways from this story: knowledge in your investment, criticality in timing, and the concept of inches and seconds 23:24 – Highlighting the compounding effect of money 26:21 – Andrew wraps up the show with remarkable teachings from the book “Your Money or Your Life” 27:41 – Encouraging last words from Bill: “Take what you learned from our discussion today and apply it not just to an anecdotal story like what you just heard, but apply it to your opportunities today and your opportunities in the future.” Main Takeaways: Lesson 1: “Try your best not to underestimate the value of flexibility, and liquidity is important in there too.”– Bill Winterberg Lesson 2: “We were not wise to the fact that there was this language in the location of the house that restricted that flexibility. It took us two years to sell. It's that liquidity and not having any offers to buy for two years.”– Bill Winterberg Lesson 3: “The real benefits of compounding don't come to us until 20 or 30 years later.” – Andrew Stotz Lesson 3: “A common thing that people say (in investing in the stock market) is to make mistakes while you're young because you can recover from them. But what I say, in the world of finance don't make your mistakes when you're young because the compounding impact of those financial mistakes is enormous.” – Andrew Stotz Lesson 4: “That book (Your Money or Your Life) taught me that, ultimately, is when we're spending, we're spending our energy and what I learned from that book is to live deeply below your means. And I believe that that challenged me throughout my whole life to see if I could live deeply below my means.” – Andrew Stotz You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points Connect with Bill Winterberg: fppad.com LinkedIn Twitter YouTube Connect with Andrew Stotz: astotz.com Linkedin Facebook Instagram Twitter Youtube My Worst Investment Ever Podcast
What We Discuss: What exactly are Alexa 'Skills.' How financial advisors can use the platform to stay connected with clients and prospects. Privacy & security issues with Amazon and Alexa. 63% of households are Amazon Prime members. It is a market that presents a 'first mover' advantage for financial advisors. FP Pad Skill: www.fppad.com/alexa Subscribe to Bill's newsletter to learn how to build your own Alexa Skill: www.fppad.com/subscribe Connect With Bill Website: fppad.com Echo Flash Briefing: www.fppad.com/alexa LinkedIn: @billwinterberg Twitter: @billwinterberg About Bill (From his website) Bill Winterberg is founder and president of FPPad.com and is a respected personality in the financial planning industry. Bill is probably the only fintech vlogger in the United States (see the YouTube channel) and is widely recognized as an independent authority on the subject of technology in financial services. Bill maintains the CERTIFIED FINANCIAL PLANNER™ certification and has past industry experience as a Registered Representative and a Registered Investment Adviser. In 2014, Bill was recognized as a 40 Under 40 Honoree by InvestmentNews. He was also named to the 2013 IA 25 list of the most influential people in the financial services profession by Investment Advisor Magazine. Bill is the host of FPPad Bits and Bytes, a weekly video broadcast covering technology news and information for financial professionals. He is a sought after keynote speaker who provides an objective and unbiased perspective of technology trends in the industry. Bill provides technology commentary for the Journal of Financial Planning and was the monthly technology columnist for Morningstar Advisor. Prior to entering the financial services industry, Bill was an embedded software engineer for Hewlett-Packard Co. and LeapFrog Toys. Bill lives in Atlanta, GA with his wife and seven-year old son.
Today's guest is one of the industry’s leading advisor technology gurus. The publisher of the Technology Tools for Today newsletter, Joel Bruckenstein has a nearly 20-year history of writing about advisor technology trends, from publishing regular columns in Horsesmouth, Morningstar Advisor, Financial Advisor, and Financial Planning magazines, to his own newsletter, and now his latest platform, the t3 Technology Hub. In this episode, Joel discusses recent trends in advisor technology, the results of the latest advisor software survey that he administers along with Bob Veres, and why he says that today is the “golden age” of advisor technology. He also shares the real-world challenges of implementing advisor technology in a typical firm, as well as the biggest areas where advisors can get better ROI from their technology, particularly when it comes to better utilizing CRM software for business intelligence purposes. For show notes and more visit: https://www.kitces.com/52
Hello, I’m Robin Powell, and you’re listening to the third episode in a new series of podcasts called Intelligent Adviser, brought to you by Regis Media. In the first two episodes, I’ve been talking to Carl Richards, a Certified Financial Planner from Utah, now based in New Zealand. Carl is the creator of the weekly Sketch Guy column in the New York Times, and a columnist for Morningstar Advisor. He’s also the author of two books, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money and The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money. As well as his writing, Carl’s focus now is mainly on training advisers about communication — both with prospects and existing clients.
Episode 32 (1st episode of Season 3!) Guest: Carl Richards Carl Richards is a Certified Financial Planner and the creator of the weekly Sketch Guy column in the New York Times and is a columnist for Morningstar Advisor. Carl has also been featured on Marketplace Money, The Leonard Lopate Show, Oprah.com and Forbes.com. In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world. Through his simple sketches, Carl makes complex financial concepts easy to understand. His sketches also serve as the foundation for his two books, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money and The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money (Portfolio/Penguin). Carl’s art appeared in a solo show at the Kimball Art Center, in Park City, Utah. Other showings include The Parson’s Gallery in New York, The Shultz Museum, and an exhibit at the Mansion House in London. His commissioned work is on display in businesses and educational institutions across the country. He lives with his family in Park City, Utah. In this episode we cover: (2:50) Balancing fear with the uncertainty of the real world (6:33) Why immigrant parents want their kids to become doctors and our advice to college students in selecting a major (12:05) Fear and greed through the lens of investing (15:15) What you should do for investing instead of 'buy low, sell high' (16:00) How to identify your goals for a financial plan in an easy and stress-free way (18:55) Long term financial planning for college students, and not ending up as a financial statistic. Carl also tells us the difference between students who graduate with debt and those who don't (21:10) 3-step process to filter all the financial advice given by friends and experts alike (27:05) Happiness, priorities, mindfulness, and consumption (31:15) Financial planning - process vs. plan and handling important but not urgent financial goals (34:50) Dealing with emotions and mitigating their impact in financial decisions (36:50) The power of positive thinking, fake it til you make it, vision boards, buying Bentleys, and the most dangerous personal finance book ever (41:30) The 3 things everyone needs to pay attention to (42:10) Carl turns the tables to ask about how to balance Islamic teachings about debt and interest in a modern American context Connect with Carl Richards: 1. Tweet at him and tell him something you learned from this podcast: http://twitter.com/@behaviorgap 2. Sign up for his newsletter at http://behaviorgap.com 3. Sketch Guy column at the New York Times: http://www.nytimes.com/interactive/your-money/carl-richards-gallery.html Get his books here: Behavior Gap: http://amzn.to/2dbwbNt One Page Financial Plan: http://amzn.to/2dDPefi *** If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes. iTunes Link: http://bit.ly/dfmpodcast Stitcher Radio: http://bit.ly/dfmstitcher Android (RSS): http://bit.ly/dfmpodcastrss You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/
While I was at FinCon 2015, I had the pleasure of interviewing Carl Richards with a live audience. He is a Certified Financial Planner and the director of investor education for BAM Alliance, which is a community of more than 130 independent wealth management firms located across the United States. Carl is the creator of the weekly Sketch Guy column in The New York Times and a columnist for Morningstar Advisor. His sketches are most known for taking complex financial concepts and making them easy to understand. They also served as the foundation for his first book, The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money. Most recently this past March, Carl released the book The One-Page Financial Plan: A Simple Way to Be Smart About Your Money. Carl’s work has also been featured on Marketplace Money, Oprah.com, Forbes,com among others. He has also become a frequent keynote speaker at financial planning conferences and visual learning events around the globe. Carl’s artwork has appeared in a solo show at the Kimball Art Center in his hometown of Park City, Utah and other showings include The Parson’s Gallery in New York, The Shultz Museum in California and the Mansion House in London. His commissioned work is on display in businesses and educational institutions across the country. For more information visit www.somoneypodcast.com.
In Episode 37 of Accredited Investor Markets Radio Carl Richards, the New York Times' "Sketch Guy", and Christopher Cahill discuss Carl's new book, 'The One-Page Financial Plan: A Simple Way to be Smart About Money'. Principal questions: Why are even financially sophisticated persons afraid of dealing with their own financial plans? How should our financial plans relate to our fundamental values? What questions should we ask any professional advisor? Where did those great sketches of Carl's come from? You can find out more about Carl Richards and his book here and here. Or you can find him here: Twitter: @behaviorgap Facebook LinkedIn Google+ Soundcloud About Carl Richards Carl Richards is a CERTIFIED FINANCIAL PLANNER™ and the director of investor education for the BAM ALLIANCE, a community of over 130 independent wealth management firms throughout the United States. …our desire for validation comes with some serious blind spots. Income is relative to so many other factors that both the number of dollars earned and how they appear to be spent make for a worthless comparison. He is the creator of the weekly Sketch Guy column in the The New York Times, and is a columnist for Morningstar Advisor. Carl has also been featured on Marketplace Money, The Leonard Lopate Show, Oprah.com and Forbes.com. In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world. Through his simple sketches, Carl makes complex financial concepts easy to understand. His sketches also serve as the foundation for his first book, The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money (Portfolio/Penguin). Carl’s art appeared in a solo show at the Kimball Art Center, in Park City, Utah. Other showings include The Parson’s Gallery in New York, The Shultz Museum, and an upcoming exhibit at the Mansion House in London. His commissioned work is on display in businesses and educational institutions across the country. He lives with his family in Park City, Utah.
"The most important thing is getting clarity about the big picture so you can cope with the unexpected. Maybe you'll lose the job you thought was secure; you'll take a financial risk that doesn't pan out; you'll have twins when you were only budgeting for one. In other words: Life will happen." Carl Richards Today we were joined by the author of the new book The One Page Financial Plan, Carl Richards. Carl Richards is a CERTIFIED FINANCIAL PLANNER™ and the director of investor education for the BAM ALLIANCE, a community of over 130 independent wealth management firms throughout the United States. He is the creator of the weekly Sketch Guy column in the The New York Times, and is a columnist for Morningstar Advisor. Carl has also been featured on Marketplace Money, The Leonard Lopate Show, Oprah.com and Forbes.com. In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world.Through his simple sketches, Carl makes complex financial concepts easy to understand. His sketches also serve as the foundation for his first book, The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money (Portfolio/Penguin). Carl's art appeared in a solo show at the Kimball Art Center, in Park City, Utah. Other showings include The Parson's Gallery in New York, The Shultz Museum, and an exhibit at the Mansion House in London. His commissioned work is on display in businesses and educational institutions across the country. He lives with his family in Park City, Utah. We were also joined by Suzanne Edwards from the Houston Business Journal for our monthly check in on the local Houston business news. Suzanne discussed the oil market, mergers and acquisitions and roboinvesting. The One-Page Financial Plan You can find out more about Carl Richards by visiting the website at: www.thebehaviorgap.com You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com #kpft #behaviorgap @hbjsuzanne
Today I'm excited to have financial planning expert Carl Richards on the show. Carl has been in the financial planning industry for over 20 years, has a column in the New York Times, the Morningstar Advisor, and he's even been featured on Forbes.com and Oprah.com. I thought it would be nice to pick his brain a little bit and pick-up some of that knowledge that he's gathered over the years. In the interview, Carl shares much of his 20 years of experience, and takes us through the financial planning process that he does with his private clients. Links and Resources Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments. Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest Carl has a new book called “The One-Page Financial Plan: A Simple Way to Be Smart About Your Money” and you can pick it up from Amazon Here.
8/6/2012 interview Carl Richards became an accidental artist with his simple sketches that make complex financial concepts easy to understand for thousands of people every week on The New York Times Bucks blog. His sketches also serve as the foundation for his first book, The Behavior Gap: Simple ways to Stop Doing Dumb Things with Money Portfolio/Penguin). Carl appears regularly on American Public Medias Marketplace Money, writes a column for Morningstar Advisor, and keynotes financial planning conferences and visual learning events.
Today's guest is Richard Bregman, the founder and Chief Executive Officer of MJB Asset Management LLC, an independent SEC-registered investment advisory firm. Prior to forming MJB Asset Management, Richard was a Vice President at Chase Manhattan Bank’s Global Asset Management & Private Banking division, where he managed investment portfolios for Private Banking clients and was responsible for analyzing and recommending the mutual funds and asset allocation models used in Private Banking client portfolios. Richard is a Chartered Financial Analyst and a member of the New York Society of Security Analysts. Previously, Richard practiced law in New York City. Richard has appeared on CBS MoneyWatch’s Ask the Experts, CNN’s Business Day and WABC-TV's Eyewitness News, and has been quoted frequently in business publications, including TheWall Street Journal, Barron’s,Business Week,Investor’s Business Daily,Bottom Line Personal, Financial Planning magazine, Crain’s New York and Crain’sInvestmentNews. Richard also has been the subject of featured articles in Morningstar Advisor and The Wall Street Transcript. Join Jim and Richard in a discussion on how the new technology has changed how he services his clients.
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