Podcasts about wealthquest

Wealthquest's Director of Financial Planning, Megan Hammann, and Director of Tax Planning, Brandon Butcher, gave a webinar on death, taxes, and preparing for these inevitable events. In this episode, Sam and Megan give a recap of the event and focus on how to get through the transition of assets after a loss. We talk about assets, investments, property, and estate planning. Planning objectively for the legacy we want to leave is extremely important. It involves stepping back to consider how we're going to provide for our family. We talk about the importance of having beneficiaries and planning outside of a will. We also emphasize the importance of open communication and explaining your goals and decisions to prevent misunderstandings.   Episode Highlights:  [04:39] This episode is about making sure that we are setting up our beneficiaries for a smooth transition. [06:35] Thinking about mortality can be difficult, but the planning needs to happen in life. Talk it over with your family and have everyone on the same page.  [07:52] One of the biggest misconceptions people have is that everything will be taken care of if they have a will. A will isn't used any other way outside of probate court. [08:25] The transition is so much easier if we find ways not to have to use the will. The will doesn't take effect until you die. [09:36] The power of attorney will take care of your health care issues while you're still alive. [10:51]  Anything that goes through probate is public record. There are also filing fees and court fees. [11:20] Life can change so estate planning needs to be frequently or occasionally updated. [12:18] Money is emotional. Grief comes out in different ways. We don't want assumptions made during trying times.  [14:09] Be open and honest about your goals. Explain why you made your decisions.  [17:06] When you have beneficiaries, it's a direct transfer of the assets. A will is a backstop, but there are a lot of things that don't get to your will. [17:52] Money either goes through titling or ownership, beneficiaries, or through a will and probate. [18:31] To avoid assumptions, talk to your family about your charitable beneficiaries. [19:42] Planning can help lessen the stress. [20:38] A family meeting can also help give clarity. Be open about your intentions.  [22:52] Talk with your advisor or your team and make your planning in small chunks.   Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Brandon Butcher Megan Hammann What You Need To Know About Deaths and Taxes

What options are available regarding Social Security, and how do we determine the best time to access these benefits? As we enter our 60s, we encounter irrevocable decisions about our future, including those related to Social Security. The goal for most of us is to maximize these benefits, considering both tax and estate planning.  Sam, along with Wealthquest's Director of Financial Planning, Megan Hammann, delve into three practical aspects to consider when navigating your Social Security options. We talk about whether Social Security will be here in the future and possible ways to remedy future shortfalls. We also talk about your options and what should be considered in your decision.    Episode Highlights:  [02:28] Megan is extremely knowledgeable about Social Security.  [03:02] Should Social Security even be included in your financial plan? According to current data, by 2034, only 75% of Social Security revenue will be covered by current Social Security taxes.  [04:27] Ways to solve this revenue shortage would be to generate more taxes, push back the retirement age, and reduce benefits. [07:00] The main goal of Social Security is to supplement losses in income.  [07:33] Social Security was created in the 1930s as a type of social insurance that would create economic stability. [08:30] Full Retirement Age or FRA is the age when we can collect our full Social Security benefits. [09:41] There's a reduction in benefits when you take Social Security early. [10:31] After full retirement age, there's an 8% benefit increase every year up until age 70. [11:14] You can claim on your own work history, as a spouse or an ex-spouse, or survivor benefits. [13:38] Start in advance to apply for benefits.  [14:50] Look at your own personal health, longevity, and how you want to care for your spouse. [15:31] You need 40 credits to be eligible, and you can earn four credits a year. Your benefit is based on your highest 35 years of working history. [17:13] Consider your health when choosing to delay your benefit. If you live longer, you may want the higher benefit. If you have poor health, it may make sense to take it earlier. [18:12] It's also important to look at your cash flow needs. [18:45] We also need to consider our loved ones, because when one spouse passes the other spouse becomes eligible for survivor benefits. [21:42] We need to weigh the pros and cons of what's more important. There isn't always a cut and dry answer.   Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Megan Hammann Social Security Administration

This is the time of year when we think about giving and generosity. This episode is the second in a three-part series on the topic. Sam and David Kern, president of Wealthquest, discuss strategic giving to individuals in this episode. They will then explore ways to give offering tax benefits in the third part of the series, airing next week. We discuss the emotional and psychological benefits of being generous and the two key ingredients of generosity: action and attitude. We also talk about identifying 'circuit breakers' that prevent us from being generous. Additionally, we explore how creating an 'abundance fund' can foster a generous mindset. David encapsulates this idea by saying he's never seen an unhappy generous person, underscoring the importance of giving. Next week, we'll focus more technically on the quantitative side of generosity. We're going to discuss strategies and tools that you can use to be more generous, increase efficiency, and achieve better tax benefits.   Episode Highlights:  [05:59] Giving and generosity towards individuals is usually non-tax deductible. Generosity for entities that we do get tax benefits from. [06:58] The lifetime gift and estate tax exemption is 13 million dollars. The yearly threshold is $17,000. This is the annual gift tax exclusion. [08:28] A form 709 or gift tax return is required for any amount over that $17,000. The numbers change every year, so they need to be double-checked. [10:27] Cash gifts with those strings attached or wonderful. Even if the money is used in frivolous ways people are learning. [10:42] You can open a Roth IRA for a child or grandchild if they have income and gift a contribution on their behalf. This can jump start their retirement and get them investing. [11:43] 529 or educational savings accounts are also very popular. All of the growth of these accounts can be used tax-free as long as it goes towards educational expenses. [12:53] You can also pay medical or tuition expenses on behalf of someone else. When you pay directly to the institution it doesn't count towards the lifetime gift exemption. [13:35] You can also give appreciated shares of stock. You're transferring shares and transferring the tax burden. [15:24] Paying directly to an institution for medical or tuition is not tax deductible.   Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth David Kern

This time of year, many people begin to reflect on the concepts of giving and generosity. In a conversation between Sam and Wealthquest President David Kern, they delve into the significance of generosity. They also explore the distinction between 'generosity' and 'giving back', emphasizing that generosity is characterized by intention and thoughtfulness. Additionally, they touch upon the idea of activating one's "generosity circuit breakers." These encompass the contrasts between being fortunate and self-made, feeling gratitude versus entitlement, and adopting an abundance versus scarcity mindset. Research indicates a robust correlation between generosity and overall life satisfaction. Notably, Wealthquest exemplifies generosity for its employees and aids clients in strengthening their capacity for generosity.   Episode Highlights:  [02:51] Generosity is seeking to enhance the lives of others and lift their burdens. The two main ingredients of generosity are action and attitude. [03:29] The key ingredient of generosity is the heart behind the action. Generosity really takes off when people emotionally step in. [04:48] We talk about giving back versus generosity. There's more satisfaction with true generosity. [06:59] Generosity is intentional, thoughtful, and truly seeking to benefit the life of someone else. [07:33] Because of the comprehensive service we provide at Wealthquest, we can see if a client is charitably minded. We have a lot of conversations about generosity with our clients, and we also help them be charitable in better ways. [09:04] It's okay to give and benefit from giving. [09:50] Generosity circuit breakers need to be flipped to the on position. The three common generosity circuit breakers include fortunate versus self-made, gratitude versus entitlement, and abundance versus scarcity mindset. [13:47] We love it when we can show clients where they have room for charity and see them start exercising those muscles. [14:28] One of the things centered around the Wealthquest social contract is generosity. When we model generosity to our staff, they will in turn be generous when they go out into the world. [15:15] We want to be generous with our benefits. We also have half day Fridays, so our employees can spend time with their families. [16:33] There's a strong correlation between generosity and overall satisfaction in life. [17:52] Practical ways to be generous. What tugs at your heartstrings? Start giving back a little ways.  [19:20] Open up an abundance fund. This is a separate account that you contribute to in order to be generous. [21:24] David models generosity for his kids in a way that they can see it.    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth David Kern President Wealthquest

David Kern, President of Wealthquest talks with Wealthquest CEO Wade Daniel about the origins and growth of Wealthquest. Wade graduated with a chemical engineering degree from University of Cincinnati. He became interested in finance and wanted to help other people with their finances. As he began working in the field, he discovered there was a disconnect when businesses had to outsource parts of the financial plans such as taxes or estate planning. He was a pioneer in implementing the all under one roof financial plan. In 2006, James Lenhoff and Wade Daniel were co-founders of Wealthquest. They implemented the all under one roof financial planning concept and took it to the next level. David shares when he joined the team and wisdom shared by James Lenhoff before 2020. They stopped growing the company and grew and refined the team in order to offer the best possible client services. After exploring the Wealthquest origin story, David and Wade share what's new at Wealthquest and talk about why business growth is so important.    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth David Kern, President Wealthquest Wade Daniel, CEO Wealthquest

Do you know your retirement number? Is there a magic number that exists? How useful are retirement calculator tools? We dive into all of this today. By the end of this episode, you should be able to tell when you have enough. Stay tuned to combat that scarcity mindset that may be telling you that you'll ever have enough.  I'm thrilled to be diving into this topic with Megan Hammann, the Director of Financial Planning at Wealthquest. Megan has an MBA, experience at a brokerage firm, large bank, and a CPA and advisory firm. She's been at Wealthquest since 2022 and is excited about helping clients align financial goals through a holistic planning process.    Episode Highlights:  [03:51] When people ask what their retirement number is they really want to know if they're going to be okay.  [04:29] There isn't a magic number that works for everyone. Everyone has a number that makes them feel comfortable, but there's so many variables that we don't know what that number is. [05:46] We know parts of the puzzle, but we won't know the number until we put all of the pieces together. [07:21] Life changes, so it's hard to know what we actually want in retirement especially when it's so far in the future. [08:03] What do I like to do? How will I spend my time? Have a general vision of where you'll fall. [09:15] Calculators usually ask general questions about your assets and your earnings etc. Then it generates a model based on when you want to retire. This can be a ballpark datapoint but not specific enough. [10:28] Megan talks about the 4% rule. You can also estimate retirement by percent of earnings. There's also a 300 rule. How much do I want to spend each month? [12:05] There are goalposts at certain ages for retirement savings. [12:56] It's important to understand that our income and earning life aren't linear. There will be times when we have more money and times when we need more money. [13:45] If you really want to know if you have enough, do a full financial plan. [14:23] Having as much information as possible can help offset the fear of the future that some people have. [16:59] We talk about catching up on our retirement savings. Focus on you and stop comparing. Find where things went wrong and do a self-assessment and use the tools available to get on track.  [18:49] Balancing can be hard. There are more ways to save. Follow general guidelines. Err on the side of retirement first. Put your mask on first.  [21:12] There's a whole other side to retirement when you think about the psychological impact. Finding purpose and knowing what retirement actually looks like is very important. [22:44] It's important to have open communication about what life will look like after retirement.   Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Megan Hammann

Sam and Adam Day, Senior Wealth Advisor for Wealthquest take a dive into AI by asking ChatGPT or Bard financial questions. We examine the answers and Adam shares whether he agrees or not. We talk about whether money makes people happier, the first steps of DIY financial planning, and more.  AI can be helpful, but can't really replace a human professional. There are quite a few things that aren't too bad. Stay tuned to learn if AI can be your financial advisor or at least start getting you pointed in the right direction.    Episode Highlights:  [03:23] Question #1 Will having a lot of money make me happy? Wealthier people tend to be happier, but prioritizing money over time can have an opposite effect. [04:38] According to Adam, there is a certain amount of money that makes you happier. [06:43] What's the first step for someone new to financial planning? Take stock of your current situation. [09:59] Once you get past the first couple steps you really need a human advisor. Everyone's situation and goals will be different.  [11:07] What makes a good financial advisor? Knowledge, competence, and being able to explain things clearly make a good advisor. Sam asks AI about tax law and tax harvesting.  [12:11] The AI response is that tax law harvesting is using losses to offset gains. AI did a good job at breaking it down for a six year old.  [15:19] Best ways to save on taxes as a married couple with three children under 10 years old. Answers include claiming the child tax credit, claiming dependent care credit, contributing to a 529 plan, making pre-tax contributions to your retirement savings account, and taking advantage of tax deductions and credits. [16:48] The AI failed to point out charitable deductions and itemizing. [18:58] Sam asks Adam a question about estate planning and what documents the average person needs.  [21:18] Should I see an attorney or try online software? There are pros and cons. Online can work for a simple situation. [23:03] AI shares Sam's best investment advice including starting early, investing for the long term, diversifying, investing in low cost index funds, rebalancing your portfolio regularly, don't panic sell, and speak with a financial advisor. [25:22] Having a real advisor can help you not to panic sell. [25:39] Adam has AI give Warren Buffett's best investing advice and compares it to Sam's. Invest in yourself! Don't lose money. Invest in businesses you understand. Be patient.    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Adam Day Wealthquest

Dan Larson is the Vice President here at Wealthquest. He is an accountant. Prior to Wealthquest, he was a tax manager. He is the perfect person to talk about taxes, as we dive into five major tax opportunities that are often missed. We talk about data gathering and ways to get a jump start on the following year's taxes. He also shares a technique to avoid tax surprises and the dread associated with tax time. Dan talks about digital and paper hybrid record keeping, coordinating information with different advisors, and more.    Episode Highlights:  [03:56] A healthy way to think about taxes is to start preparing for the next year after you file.  [04:21] Data gathering is a big headache. It can be made a lot easier if you have an organized system throughout the year.  [05:21] A mid-year check-in can also be a great way to run a tax projection. Avoiding surprises is very helpful. [06:28] Statements are hybrid with digital and paper. It's important to have those records and keep copies for seven years.  [09:00] Dan walks us through issues that can happen when working with an investment manager and a tax professional. At Wealthquest, we coordinate everything in house, so the client doesn't have to worry about communication between professionals.  [13:05] The model of having all of the separate professionals under one roof and coordinating together is becoming more common. [14:16] Dan talks about how having wealth management and tax advice in-house is an advantage. [17:17] Coordinating financial planning and taxes is an advantage when it comes to building out financial expectations for life. Having a financial plan puts things in place well ahead of tax time. [20:08] A big part of estate planning is avoiding estate tax. Having coordinated advisors can help with legacy goals, charitable giving, and gifts to children. [22:32] Tax preparation is when you do your yearly taxes. Preparation is when you plan for your taxes in advance. Technical expertise is required to navigate the tax codes in both areas. [26:14] Dan shares his thoughts on TurboTax.  [28:39] Missed tax planning opportunities include not planning at all and deferring taxes as long as possible.  [30:37] Proactively managing gains and losses can also get missed. [31:44] Dan shares an example of efficient tax planning and portfolio rebalancing from a client perspective.    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Dan Larson

Sam chats with James Oliger about investment management and how to maximize the impact of your investments. They also talk about how to effectively coordinate your Investments with all the other areas of your financial life.  They go over financial planning, taxes, estate planning and more. James also shares the worst financial advice he has ever heard along with some of the best financial advice he's heard. Stick around to take your investments and finances to the next level.    Episode Highlights:  [02:50] James is the Senior Fund Analyst at Wealthquest. He's been with us for over two decades.  [04:36] James talks about how investment management is coordinating your investments relative to your financial plan and taxes. Having a team working together makes sure that the client isn't taking too much risk. [05:24] The investments have to be coordinated with the rest of the team. [06:04] James talks about common misconceptions people have when they hear investment management. [07:32] Investment vehicles have evolved and changed over time. [08:51] We focus on meeting the clients goals and smoothing out the stock market ride.  [09:36] We focus on what really matters. Shrinking volatility helps the client stay invested which will help them reach their goals. [11:43] James oversees all of the trading in the company. He communicates with the advisors and stays current on the market. [14:06] Your financial plan includes when you want to retire and how generous you want to be. [14:52] The investment committee also coordinates with the tax team. When the market goes down, it might be time for tax law harvesting. [17:07] Deciding on how much risk the client would like to take is also part of the investment process. The entire team coordinates to reach the clients end result. [18:01] There are a lot of benefits to working with an advisor including saving time. [21:05] Sam talks about web based robo advisors. There is a low fee, because there's very little human interaction. It's like an index fund for advising.  [23:57] Without coordinating all of your financial planning, you could miss out on things like tax harvesting opportunities, medicare premiums, and direct communication with the tax advisor. [27:15] James shares the worst investment advice that he's ever heard. His best advice is to start early.    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth James C. Oliger CFP®

Megan Hammann is the Director of Financial Planning here at Wealthquest. Megan has tremendous experience around financial planning. While completing her MBA she worked at a brokerage and fell in love with the industry. She also has experience in banking and at a CPA and advisory firm. She joined Wealthquest in 2022.  She has multiple certifications including Certified Financial Planner, Certified Exit Planning Advisor, and a Certified Mergers and Acquisitions Advisor. She is absolutely the best person to talk about financial planning on today's show. Megan loves helping people's hopes and dreams come true with proper planning.    Episode Highlights:  [02:07] Megan's role encompasses core financial planning topics. This includes financial planning, retirement planning, cash flow, estate planning, and insurance planning. [02:53] Megan loves that financial planning is people's hopes and dreams. [04:05] At its core, financial planning is the bridge between the objective numbers and all of the clients' dreams and goals for their lives. [04:52] Financial planning can take different forms from conversations to technical reports that really hone in on the clients needs. The planning is living and breathing. It's an integral part of life that ebbs and flows. [06:52] Financial planning is pulling levers, because a decision in one area affects all the other areas. [07:48] Having a plan to ground your decisions and get you where you want to be is important for everyone. [09:08] Having the data from a financial plan is especially useful for couples to understand their situations and what they can and can't do. [11:18] Megan breaks down the financial planning process. Information is pulled from all of the different accounts. It can also encompass estate and insurance planning. The planner will put all of the data into software and then come up with follow-up questions to create a complete plan. [13:48] The plan needs to be reviewed or rebuilt whenever big life changes happen or at least a review every 3 to 5 years. [14:25] Financial planning should always be happening whenever you meet with your advisor. [14:57] Megan talks about pitfalls like budgeting.    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Megan Hammann

I am joined today by Sean Rengering, a Legacy Planning Advisor at Wealthquest. Sean has been in the industry for over two decades. He's very knowledgeable about multiple areas from income planning to investments to insurance to estate planning. Today, we dive into estate planning.  Sean breaks down what it is, why you would need it, and some of the benefits of having an estate plan. We also talk about the journey from just starting out to having a more complex situation and when having an estate planner would benefit you most. We also talk about the value versus cost and things you can do to begin the planning process.    Episode Highlights:  [01:33] Sean Rengering is a Legacy Planning Advisor at Wealthquest. He has about two decades of experience in the industry. He's knowledgeable in multiple areas like retirement, income planning, investments, estate planning, and insurance. [02:10] At Wealthquest, we take a fully integrated approach to the financial planning process. You can take care of everything all in one place for one simple fee. [02:26] This allows Sean to assist clients through the journey of establishing an estate plan or creating a new estate plan. Sean can be the liaison between you and your attorney to form a comprehensive estate plan. [03:45] Estate planning is preparing for what will happen to your property and finances when you pass on or become incapacitated. [04:09] Everyone should have an estate plan. The estate plan will protect you and your family. [05:51] Estate planning is vital to your overall plan. You want to make sure that your loved ones are taken care of in a manner that you want. [06:59] Another benefit of estate planning is minimizing the stress your loved ones will go through. [07:28] Estate planning can also help minimize the tax burden. [08:07] Online platforms can be great for young families who are still in the wealth creation phase. As your situation becomes more complex, an engaged planner can be really helpful. [10:19] A DIY plan will be a few hundred dollars and includes a trust, a will, healthcare power of attorney, health directives, and a living will. [10:38] When you meet with an attorney, it could be a few hundred dollars to thousands depending on the complexity of your situation. [12:19] Your estate plan should reflect your dreams and what you want for your family. [13:11] Sean talks about probate and how it's expensive and can take years to go through the courts.   [17:00] We talk about the review process. You should review your plan every 3 to 5 years or when significant changes in your life happen. [18:14] At Wealthquest we'll do a comprehensive deep dive into your document. We also coordinate everything along with your financial plan to identify any key risks. [19:28] Sean talks about situations that are more complicated that may need more in-depth planning. [21:42] Sean talks about situations where substantial amounts of money were left to pets. Oprah Winfrey is planning on leaving $30 million dollars to her dogs.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth

I'm excited about this episode with Adam Day. We are going to break down how to do a midyear review. We'll talk about what this entails and why it's important to do it. We also go through the super important things that you'll want to include in your financial review. Midyear is a good time to get out of the heat and review your financial plan.  Adam is a senior wealth advisor at Wealthquest. In 2021, he opened and established the Naples, Florida Wealthquest office. Now he and his family can enjoy the active outdoor lifestyle they've always dreamed of. Adam and his wife are also involved in charities such as animal rescue and Back2Back Ministries.   Episode Highlights:  [03:18] Adam shares analogies between Spartan races, financial planning, and life. Knowing you can do hard things and complete them feels good. [04:59] A financial review is just a check-in to all things related to finances and financial planning. It helps bring more awareness to your plan and your finances in different areas. [06:54] Adam talks about who is involved in a financial review. It's good to get the family involved, especially with estate planning.  [08:39] We learn how Adam is open with his kids about money.  [09:33] The biggest thing to audit is to have a family values check-in. How have you applied your values to your budget and spending? [10:28] What are your expenses? Awareness helps you  know if you are spending on your values. Also check those subscriptions that you forgot about.  [11:34] Savings? Do you have an emergency fund with enough money? Are you saving for retirement? Look at your pay stubs and see if you need to increase or decrease your contributions. [12:20] It's also a good time to look at your investment account allocations. [13:19] Pull up your credit report and check your credit score. Be conscious of cybersecurity and check on your passwords and make sure everything's up to date. [14:53] Adam talks about evaluating your spending plan. Purposely spend towards your values and be aware of what you don't want to spend money on. [16:58] One of the biggest things a professional can help you with is how much you should save. [18:40] Your emergency fund needs to be liquid, but you can be creative with where you put it. [19:44] Look at what your returns have been on investments and decide if you need to rebalance or not.  [21:32] A company like Wealthquest can help you with a lot of different services and really make your check-in go smoothly. Just schedule the review and check-in.    Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth

Are you thinking about hiring a financial advisor? How do you know when it's time? What questions should you ask that advisor? Sam dives into these questions and more. He kicks the show off with an exercise to help determine if you have the time and desire to work on your financial planning and if your situation is complex enough to need help.  Then Sam shares questions to ask when interviewing potential advisors. He talks about making sure that your advisor puts your needs ahead of their own. You want to know whether they are a fiduciary or not. You want to know how they get paid. Fee only firms charge for giving advice not selling products. You also want to know the fees, services offered, and what their credentials are.    Episode Highlights:  [02:46] 1. Time. Your first consideration is time. We all need time to pay our bills and create and manage a spending plan. Other things include rebalancing your portfolio and tax and estate planning. [03:31] 2. Desire. Do you have the desire to spend your time on financial planning and strategizing? [04:11] 3. Complexity. Think of all of the services Wealthquest offers like investment management, financial planning, estate planning, tax planning, and more. Is my situation complex enough to need help? [05:39] Questions to ask your potential advisor when you interview them.  [05:49] Are you a fiduciary? Are you required by law to put your clients' needs above your own? [06:56] How do you get paid? Fee only or commision? Commision roles have an interest in selling you specific products.  [08:25] How much is this going to cost? What services are offered and is it worth it? [09:19] What certifications does this person have? Are they a CFP or CPA? [09:53] How would our relationship work? What experience do you have? [11:16] If the firm doesn't handle all areas of finance, how are they going to work seamlessly together? [11:44] Sam talks about how you know if they're a good fit or not and whether they're willing to tell the truth.    Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth

Sam interviews Michael Riney about insurance. Michael is a financial planner with Wealthquest. Prior to Wealthquest, he worked for a large insurance company. They begin with the basics of insurance from what it is to the different types available.  They also talk about the different insurance needs for people in different seasons of life. They talk about life insurance, long-term disability insurance, and long-term care insurance. Because needs in life change, planning is a continuous process. A fee only advisor can help find the best options for an individual or family's needs.   Episode Highlights:  [01:56] Insurance differs depending on your stage of life. For young couples, it's about protecting income and protecting the family. Including life insurance. [02:22] Long-term disability insurance is a policy that continues to pay an income if you're unable to work due to disability or an illness. [03:19] Insurance 101. You pay a premium in order to protect something that's valuable to you. You can ensure almost anything. The three most common types of insurance are life insurance, long-term disability insurance, and long-term care. [03:42] There's also home insurance, auto insurance, business insurance, etc. [05:28] Most employers offer some type of life insurance and long-term disability insurance, but most people will need additional coverage. [06:50] Insurance transfers risk and provides peace of mind. [07:30] It's important to have a trusted advisor help you find the right type of insurance. A fee only advisor will provide advice without an added incentive of selling. [08:39] At Wealthquest, the team walks through a financial plan and recommends appropriate insurance coverage. [09:36] Insurance is the foundational piece of financial planning. It protects the clients from anything bad that could happen in their plan. [09:56] On the estate planning side, a lot of the planning revolves around life insurance. [10:32] Insurance and investments are more efficient when they're separate. Some type of insurance investment vehicle may make sense when your net worth is over 12 million dollars.  [11:15] Michael discusses insurance requirements in different seasons of life. [12:10] Life insurance becomes much more prevalent, once there's a family dynamic in play. Long-term disability insurance is always prevalent. [13:10] Once financial independence is reached, life insurance and long-term disability insurance is no longer needed. This is where long-term care insurance becomes a bigger conversation.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Michael Riney Michael Riney LinkedIn

It's transition time. James is moving on to take a pastoral role in his church and The Rich Life Podcast is becoming the Invest In Your Life podcast. Certified Financial Planner Sam Martinez is taking over as the new host of the Invest In Your Life podcast. James is also here to introduce Sam and share what's happening with the show. Sam and James have a conversation about where this podcast came from, what it's turned into, and where it's going.  The podcast is going to look at what it truly is to have a meaningful life. Money is more than math and figures. It's about emotion, relationships, dreams, and fears. James talks about how important it is to have a different conversation about money and what that would like. They stress the importance of investing in our lives and not just the stock market. We hope you love the new show.    Episode Highlights:  [01:55] James introduces us to Sam Martinez who is going to be the host of an even better podcast from Wealthquest. It's better because we are going to do a deep dive into what it looks like to truly invest in a meaningful life.  [02:24] James is transitioning from Wealthquest to a pastoral role at his church. He'll still be around. He's on the board and will be a guest on the podcast. [02:55] Sam is a certified financial planner, a husband, and an all-around great guy. He's passionate about many of the same things as James. [04:09] James shares his original vision when beginning the podcast. He didn't want the conversation about money to only be about math, facts & figures, and tax laws. Money is hard because it's emotional and relational. It's where our dreams and fears collide. [04:43] The original intent was to get the client used to the industry talking differently. [05:10] Clients want to talk about the things that matter more and that are closer to their heart and that they understand. [06:26] Sam is excited to continue the conversation. He loves being a part of client stories.  [07:22] He also loves telling the Wealthquest story. [07:54] It's important to get serious on how to invest in our lives, not just investing in the stock market. [08:53] The podcast is going to continue to tell stories and help people do the research to simplify their financial lives. [09:08] Wealthquest has many smart people on the team who are going to come on the podcast and have a conversation with Sam.  [11:10] How the Wealthquest model allows people to invest in their life. [13:55] Wealth takes time. Don't get in money's way and let it do what it does. [16:35] James shares a story about a couple who decided to invest in their child's fertility journey. [17:14] Another client took an epic trip with her kids and their spouses to Iceland. [18:30] James and his family are in an adventure season, and they're going on massive hikes. They also discuss finances as a family and help others.  [21:29] James will be back on the podcast.   Resources & Links Related to this Episode Wealthquest Get Started Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth Sam Martinez

Every investor wants to grow their money and build wealth in their lifetime and yet, it seems that nobody in the final stages of their life wished they had spent more time with their money or the pursuit of it. There are bound to be regrets for working too hard, losing touch with family and friends, giving up hobbies and leisure pursuits or putting off their happiness. Yet most people do not live their lives with this in mind. What gives?James Lenhoff, our guest for today, opens up a discussion about building wealth beyond money and living life with no regrets. Encountering hundreds of ultra-wealthy people saddled by regrets in their later years, James took on the mission to protect people from the remorse and pain that compounds over time and help them live happier lives. Listen now and find out how to live your life with deeper meaning and fewer what-ifs and could-have-beens. Key Points From This Episode: James' family and career backgroundWhat problem did James see that led him to start his business?How James' company helps their clients not only with financial planning and wealth management but more importantly helping them live life to the fullest.What areas of James' life did he find the most success in and key lessons that he learned?How James found and lives out his mission to help people live life with no regretsHow the reason for our existence is directly linked to generosity.How James helps clients to realize and live out the truth that we are stewards and not owners of our money and resources How having a deeper understanding of stewardship and ownership help us overcome emotional and spiritual issues of wealth.How James' book “Living A Rich Life” and podcast “The Rich Life” provide tools to help change the conversation about money, help people change their relationship about wealth and allow them to experience the joy of generosity.What are the generosity circuit breakers and why recognizing them helps break the barriers to generosity. How does James invest his time, talents and treasure to further God's kingdom?James' advice on how to take generosity to the next level and building a legacyWhy it's important for James to help his clients to recognize that experiences will always be worth more than things.James answers the lightning-round questions.Links Mentioned in Today's Episode:Living A Rich Life websiteGet the book: Living a Rich Life: The No-Regrets Guide to Building and Spending WealthWealthquest websiteAbout James M. LenhoffJames earned a Bachelor of Science degree in Marketing from Miami University in 2000. Before joining Wealthquest, James spent five years with the Northwestern Mutual Financial Network as a Financial Representative. He spent most of that time training other Financial Representatives in financial planning techniques. James earned the right to use the CFP® mark in 2004. James is passionate about the emotional and relational aspects of money. He is on a mission to change the conversation about money. He is the author of “Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth”. He is also the host of The Rich Life Podcast.James has been married to his wife, Amy for over 20 years. They have three children. Max, Wes, and Mia. He enjoys golfing and running. He is very active in service projects through his church including financial literacy education programs, and missions work in Haiti.

What makes relationships work? The answer, as it turns out, isn't that different across personal and professional relationships. In this week's short and sweet episode, James discovers the Gottman Ratio and what it means for your relationships. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Go forth and get nothing done, James says. You might have expected a post-pandemic, post-lockdown world to move a bit slower, but it somehow pushed us deeper into the need for productivity! In this week's episode, James looks at the ways we define ourselves by our output, how we can go against this impulse, and 4 questions to help you maintain a healthier mindset. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Why do we believe pessimists and shrug off optimists? In this week's episode, James makes a case for optimism and uncovers the reason we believe pessimists more than optimists. Have we been choosing the wrong side? Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Are you typecasting yourself? In this week's episode, James challenges you to notice the identity statements you make about yourself and introduces a revolutionary way to break the narratives you're stuck in. Not to bury the lead, but this might be the key to making better money decisions. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

A waiter walks up to you with a tray of different thoughts you can have about our current economic outlook – can you pick the one that actually leads to what you want? In today's episode, James explains how you don't have to just take the thought that you're given. You can pick something else. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Did we just find the missing piece to the formula for living a rich life? In this week's episode, James uncovers the third segment to a psychologically rich life and how, unbeknownst to him, he's cultivated this third piece through his work with clients like you! Listen now!   Article referenced in this episode https://www.psychologytoday.com/us/blog/between-cultures/202205/how-live-psychologically-rich-life  To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

In this week's episode, James gives you 8 steps to conduct a mid year financial checkup! While doing a thorough analysis of your wealth may sound intimidating, James breaks it down into simple, actionable steps to keep you focused and on track. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

It's seemingly “business as usual” these days, but are we unknowingly ignoring the inevitable side effects of the past two years? In this week's episode, James dives into the onset of psychological changes you might be experiencing, including changes in life goals and personal values. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Building off of last week's episode, James explores the second part to a happier life. In this episode, you'll learn how autonomy plays a key role in your happiness and the importance in knowing the difference between your “want-to's” and your “have-to's.” Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Do you spend your free time doing things you actually enjoy? In this week's episode, James looks at the leisure activities that actually make us feel worse, and how to make better use of our free time. Spoiler alert: it's an easy fix. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

When you think of consumption in an effort to soothe some kind of inner turbulence, you probably think of buying physical goods, but you'd be omitting the most used method of compensatory consumption that's probably in your hand right now. In today's episode, James looks at the ways we use consumption to soothe loneliness, and how it's affecting us as a collective. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

James talks with special guests Brad Zimmerman and Tom Willis from Phoenix Performance Partners. In this episode, they will touch on how Brad and Tom are helping cultures-particularly in the corporate setting-move from fear, to love. How do we actually create environments where we move away from fear, our natural tendency, and aim towards love? Listen now!   To learn more about Brad and Tom's work, visit phoenixperform.com To connect with Brad on LinkedIn https://www.linkedin.com/in/btzimmerman/ To connect with Tom on LinkedIn https://www.linkedin.com/in/thomasawillis/   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Tom sits down with the CFP of Wealthquest James M. Lenhoff. He is the author of “Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth”. He is also the host of The Rich Life Podcast. James earned a Bachelor of Science degree in Marketing from Miami University in 2000. Before joining Wealthquest, James spent five years with the Northwestern Mutual Financial Network as a Financial Representative. He spent most of that time training other Financial Representatives in financial planning techniques. James earned the right to use the CFP® mark in 2004. James is passionate about the emotional and relational aspects of money. He is on a mission to change the conversation about money. James has been married to his wife, Amy for over 20 years. They have three children. Max, Wes, and Mia. He enjoys golfing and running. He is very active in service projects through his church including financial literacy education programs, and missions work in Haiti. ________________________ Wealthquest Website: https://wqcorp.com/james-m-lenhoff-cfp/ 'Living a Rich Life' podcast/book Website: https://www.livingarichlife.com/ James Lenhoff LinkedIn: https://www.linkedin.com/in/james-len... ________________________ Phoenix Performance Partners Website: https://www.phoenixperform.com/ Culture Eats Everything on Apple Podcasts Culture Eats Everything Spotify: https://open.spotify.com/show/1utf9dZh2PRQKxe6qg5I5M?si=a0a729550c424a81 __________________________________ Like & Subscribe!

The midlife crisis might seem like an adult-like tantrum, but is it more than that? In today's episode, James talks the infamous midlife crisis –  what causes it, and why does it cost our bank accounts? And what are the ways to lessen the effects (and, potentially, avoid altogether) when a midlife crisis begins to emerge? Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

You have probably taken a love language assessment at some point in your life, but do you know how your love language impacts your money decisions? In this week's episode, James helps you understand the direct relationship between your love language and money! Listen now!   Don't know your love language? Take the test here https://www.5lovelanguages.com/quizzes/love-language  To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Being aware of the causes of your level of risk tolerance can help you to invest rationally, rather than by reaction. In today's episode, James goes over some possible outcomes of 5 different ways flashpoints of your money story might influence your risk tolerance today!  Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Is burnout just par for the course, or are we allowing ourselves to stay in an unnecessary negative cycle? In this week's episode, James brings in Carolon Donnally, burnout expert and coach. They will discuss Burnout symptoms to look for How to talk to your boss about burnout And knowing when you've reached your limit! Listen now!   Visit www.carolon-donnally.com to set up a discovery call with Carolon To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

There is dignity after divorce. Divorce can be so messy, difficult, emotional, confusing and even traumatic.  It can be so hard to prevent divorce from throwing you into a tailspin.  I've had the honor of helping our clients make their way through this season of life and I wish we had Christine Luken's book when we did.  Listen to this week's podcast to hear: -How to find emotional dignity after divorce -How to preserve your financial dignity after divorce -Christine's own journey through an “almost” divorce -What to do if you're currently going through divorce -What you need to know (and do) to overcome shame and reclaim your dignity To view Christine's Financial Dignity After Divorce book page on her website www.FinancialDignityAfterDivorce.com   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com  

When it comes to your kids, is fair always equal? In today's episode, James questions the assumption that fair and equal should always go hand in hand. Because the reality is, each kid is on a different path and circumstances will differ at each point in time. So how do you make sure your kids feel like the family ecosystem is in equilibrium? Listen to find out!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

James and today's guest wrote the book on Living a Rich Life. No, really! Greg Williams is here today to talk about Heart Tools, his program and toolkit designed to help you build stronger relationships by learning to recognize and understand your emotions. Listen now!   Get a free copy of the Relationship Dashboard Check infographic to increase your emotional awareness skills https://mailchi.mp/golovelive/infographic Learn more about Heart Tools http://www.hearttools.net/2021/05/practice-understanding-your-emotions-part-1/    To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

You might think of your friend's wedding this summer as another fun night to fill a weekend, but there's actually more to it than that. Whether you're aware of it or not, rituals run your relationships (specifically with family). What happens though when rituals need to be adjusted? Listen now!    To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Research indicates that when you own a thing, it becomes more attractive, valuable, and of better quality to you. In today's episode, James reveals how the endowment effect influences not only your bias of tangible things you own, but intangible things like ideas and the first letter of your name! Listen now to understand how this bias affects your relationship with the world and, more specifically, money.   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

As we get older, we get set in our ways. Because we each have biases and beliefs about the world, it takes considerable effort to see facts while withholding judgment and resisting explanations. In this episode, James dives into how recognizing 3 different biases can help you make better decisions so that you don't just believe what you want to be true, but rather, what is actually true.   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

As we get older, we get set in our ways. Because we each have biases and beliefs about the world, it takes considerable effort to see facts while withholding judgment. In this episode, James dives into how recognizing 3 different biases can help you make better decisions so that you don't just believe what you want to be true, but rather, what is actually true.   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

The ongoing pandemic has shown us what it looks like when our routines collapse. Even though the world is putting us back on regular routines in these still abnormal circumstances, can we somehow adjust our schedules to create a more rhythmic experience of time?   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Parents: what do you do when your empty nest is suddenly not so empty? In today's episode, James addresses why taking your adult child coming home might feel like a failure. Turns out, this living arrangement might have some benefits. The key is setting some very necessary ground rules.    Listen now for 5 must-discuss topics when you find your adult child back in their childhood bed!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Everyone's talking about the Great Resignation, but is it really a problem or merely a symptom of something deeper? In today's episode, James is joined by Mike Sipple, CEO of Centennial and co-founder of Talent Magnet Institute, to discuss what Mike is calling the Great Realization. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

We all know that “less is more,” but how often do you actually work that into your problem solving? In today's episode, James dives into new research revealing a bias towards finding solutions by adding something rather than subtracting. Are you limiting your imagination in your completion of day to day tasks? And how did Wealthquest unknowing tackle this bias in it's mission? Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

Sometimes you can't move forward in life without pausing and preparing yourself for said change. However, rigid sequencing - telling yourself that you can't get X without Y - might be holding you back. In today's episode, James explains rigid sequencing and a coaching process you can implement to show up in your life, work, and relationships more courageously. Listen now!   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

So what's all this talk about minimalism? In this week's episode, James explores the concept of minimalism and its effect on happiness and wellbeing. Is it the best way to live for everyone, or can some people get more from life by having less than others?   To learn more about The Rich Life Book + Coaching, visit www.LivingARichLife.com.  This podcast is brought to you by Wealthquest. Learn more at www.wqcorp.com

In a time of so much uncertainty and unrest, there has never been a more important time to cast a vision for yourself and your family. Join our host Kurt Kersey and guest James Lenhoff, Co-Founder and President of $1.4B wealth management firm Wealthquest and author of Living a Rich Life, as they chat about James' methodology to help you get clarity on your vision as a family. Go to basecamprc.com to enroll in Wealthquest's FREE Family Vision course! --- Send in a voice message: https://anchor.fm/grownman/message

Finances are such an important part of all of our day-to-day lives and there's so much that the Bible tells us about money. But how do we actually put it into practice? There are few people better to ask than James. His resume speaks for itself: Co-Founder, President and Certified Financial Planner™ at Wealthquest, a financial planning firm that serves 1,200+ clients nationally and manages $1.4B+. Author of Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth. Host of The Rich Life Podcast, where James is on a mission to change the conversation about money. Happily married father of three children, leader at Northstar Church, and active advocate for financial literacy and orphan care in Haiti. /// SIGN UP HERE: https://www.grownmanproject.com/events/richlife /// At this MAN HOURS event, James is going to unpack what he's learned about being a grown man and being a great financial steward. In a hybrid keynote / workshop style setting, we will talk about topics like: Releasing yourself from worry and setting a vision for your financial life How to avoid The Lure of More in your life and prioritize what matters most Escaping budget prison and choosing the freedom of a spending plan instead Why and how to always choose experiences over things Tapping into the power of generosity How to have healthy fights with your spouse about money /// SIGN UP HERE: https://www.grownmanproject.com/events/richlife /// --- Send in a voice message: https://anchor.fm/grownman/message

After 19 years in the financial planning industry, James Lenhoff has learned a thing or two about how to be intentional in his professional, personal, and spiritual life. In this episode of the Grown Man Podcast, Kurt Kersey is joined by the president of Wealthquest, as he addresses: [17:57] when his perspective on emotion shifted after a conversation with his son [20:55] establishing non-negotiables as a family which will, no doubt, require sacrifice [23:27] creating a safe space in marriage, a place to feel heard and validated [25:50] how to be in community with men where you can be vulnerable [30:38] learning how and when to say “no” [37:24] why he chose to write a book, designed specifically with men in mind ——- Learn more about James' investment firm at www.wqcorp.com. Get a copy of James' book here: https://amzn.to/2pC6Jah Listen to James' podcast: www.livingarichlife.com https://www.grownmanproject.com --- Send in a voice message: https://anchor.fm/grownman/message

Connect with me and download the Pique Coaching Workbook at www.piquecoaching.co In this episode, I chat with James Lenhoff -- an author, Certified Financial Planner®, and a  fellow life coach -- about how he's seeking to change the conversation around money. We joked that James is an unflappable life coach ninja, but in all seriousness, he has so much wisdom to share on the importance of an improved money mindset.  We dive into: • Isolation and shame when it comes to money -- and how to combat it with money communities • The importance of cross-generational money mentors  • The benefit of having an abundance fund and the three things that get in the way of generosity • How to teach your kids about money in an authentic, real way  To hear more from James, check out The Rich Life Radio Show and visit the Wealthquest website. Quotables: • “It's great to make mistakes; we just want to be making new ones.” • “The thing about money is that it is second maybe only to your sex life in terms of awkward things to talk about.”  • “When it comes to money, we all make the same mistakes. The question is, when are we going to make them and how much are they going to cost?”  • “My job isn't to raise really big kids. My job is to raise grown-ass humans.”  • “I thought I was protecting them. I thought that I was keeping them from having to carry this weight...what I was actually doing was preventing intimacy.”  • “Generosity is the key to living a rich life.”  • “If you give it to them with strings attached...then you're really not giving it to them, you're manipulating them...That's not generosity. That's control.”  Resources mentioned: • The Life Coach School Podcast with Brooke Castillo  • The Rich Life Radio Show episodes: Build Your Money Community • Books: Living a Rich Life by James Lenhoff, Start with Why by Simon Sinek, and any Brene Brown book • Green Light: The debit card for kids   • DC volunteer opportunities with the Pique Coaching community  • Planet Money podcast episode: The Town Where Everyone Talks About Death Disclaimer: The ideas and opinions expressed by James Lenhoff and me, Cristina Roman, do not constitute financial advice. Listeners should seek the input of their own financial, tax, and legal professionals before acting on any recommendation from this or any other episode.