Podcasts about what you'll learn

Play Episode Listen Later Sep 29, 2020 28:19

We often think “the stock market” is synonymous with Wall Street. Stressed out stockbrokers yelling and wearing blazers. New York City. Right? Not necessarily. There are other stock markets all around the world, and they all have different degrees of influence on everything else. That’s how a global economy works. And that’s what Dustin and Joseph discuss in this new episode. WHAT YOU’LL LEARN [02:07] We’re in a global economy [06:15] What we think of when we hear “stock market” [08:25] Is McDonald’s an American company? [09:46] How to envision the global economy [12:33] Easy trading + quarantine = a big old mess [15:18] What you can learn from Dave Portnoy’s stock mess [19:19] The power of other stock markets Making the world a smaller place What do you think of when you hear the words “stock market?” We typically don’t think of the Chinese stock market, European stock market, London Stock Exchange, and so on. Dustin explained that he thinks of the world market, but most people typically refer to the S&P 500, aka Standard & Poor’s 500. The S&P 500 is one index of the biggest, most well-known companies in the world, many of which are headquartered in tiny little New York City. But while we might think of the S&P as an American stock index, it’s made up of multinational corporations. Can you still call a company “American” when it makes money all over the globe? Here’s an example. Dustin asked Joseph, “Is McDonald’s an American company?” We think of it as one because it was founded in America. And, well, burgers seem to be as American as baseball and apple pie. But if we use sales to figure out that question...our answer might look a little different. What percentage of the McDonald’s revenue is American? According to a brochure Dustin found from ten years ago, it was 34 percent. The rest was foreign sales. The same stats for Coca-Cola? Just 25 percent of their revenue was American! As the global economy grows stronger and we become even more interconnected, we’re sure those numbers are even lower today. How to picture the global economy Here’s how you can envision the way the global economy works: imagine that you’re standing in a circle with five other people, holding hands. The person to your right tugs on your hand. You feel it, right? If they pull hard enough, you might even stumble and fall. Now, imagine the person across from you does the same thing with their neighbor. You don’t directly feel it on your hand, but you do feel that movement ripple throughout the group. If they yank hard enough, their neighbor may fall. And the person next to them might be taken down, too. Pull hard enough, cause enough damage, and everyone in the circle might end up on the ground in a big heap. We want other countries to do well in a global economy, because what happens in one country affects the rest of us. The 2008 financial crisis, for example, started in the U.S., but its effects were felt worldwide. We know you’re probably tired of this phrase, but it applies to the global economy, too. We’re all in this together. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED Money and The Reserve Currency System in Episode 114 About Dave Portnoy’s stock snafu on Twitter Check out our new program, Wealth by Design™ DIY! Join the Know Your Numbers challenge Schedule a free call with us — Are we a good fit for your financial planning needs? CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter

america american new york city chinese european wealth economy mcdonald wall street finances stock market stressed s p dave portnoy london stock exchange know your numbers standard poor right not what you'll learn global effects

115: How You Spend and Invest Your Money Matters

Play Episode Listen Later Sep 15, 2020 30:48

When you think about buying something — a plain ol’ shirt, for example — what’s your thought process? How do you decide what shirt to buy? Maybe you think, “I don’t want to spend over $20 on this shirt.” Or, “I need it fast, so I need to buy it online from a store that offers free two-day shipping.” How often are you thinking, “I need a shirt that’s sustainably and responsibly made from a locally owned clothing boutique”? This is an example of using your money to make an impact. Every purchase you make has a ripple effect. That’s why it’s important to understand that impact. In our newest episode, Dustin and Joseph discuss the idea of “voting with your dollars” — what it means and how you can start practicing it through spending and investing. WHAT YOU’LL LEARN [02:17] What “voting with your dollars” means [05:05] Changing our spending habits [09:22] The draw of cheapness and convenience [12:10] What makes a monopoly? [14:20] A tip for buying clothes (and really, anything) [16:09] Why we just “buy a new one” [18:30] ESG investing [25:27] It goes both ways: voting affects your money too Cheapness and Convenience Let’s go back to our hypothetical shirt situation. We buy the shirt from Amazon because it costs ten bucks and it’ll arrive tomorrow. With that purchase, whether consciously or not, we’re choosing to support a big corporation over our local clothing shop down the street. A big corporation that doesn’t even need your business. Meanwhile, mom-and-pops go to great lengths to compete with giant companies like Amazon, for example. They’ll match the price, even if they have to show a loss. They just want your business. Sad, right? The truth is, though, that we are choosing to ignore how that shirt from Amazon is made; many workers in the fashion and textile industry suffer from labor abuse and unethical practices. (Just listen to Episode 80 with Stephanie Hepburn to learn more.) We’re not trying to guilt trip you, promise. This is just to illustrate the fact that, in our culture, cheapness and convenience often motivate our decisions to buy stuff. If you want to start spending your money differently, you have to be more mindful of what you’re buying. Changing our Buying Behavior How do we start changing the way we make purchases? Think of everything as an investment. This quick little thought process can help us buy quality clothing over fast fashion. An electric car vs a gas car. Organic food instead of cheap, unhealthy food. It can even influence how we buy replacements for things we already have, like a busted TV or a phone. Decades ago, we’d hire someone, maybe a local handyman or specialist, to repair a broken device. Not anymore. It’s usually quicker, and costs you less money and less time and stress, to just ‘buy a new one’ of something. Cheapness and convenience strike again. We may understand the factors influencing our purchases, but that doesn’t make it any easier to change. As Joseph put it: “We’re less likely to change our behavior because, ‘well, I already paid for the Prime membership this year, so…’” But we can change for the better. We Can Do Better It’s not all doom-and-gloom, folks. You can begin investing and spending your money the way that you want. Change takes time, so you shouldn’t expect to get rid of any bad spending habits all at once. One thing you can do is be more selective of the businesses and organizations you support with your dollars. Research companies before you buy from them. Practice ESG (environmental, social, and governance) investing. You can invest in “regular” stocks, watch your wealth grow, and see businesses change in response to their shareholders’ behavior. Or, you can focus on “impact investing,” where companies address certain social or environmental needs through special stocks or funds. Either way, ESG investing isn’t that hard. And the benefits are two-fold: you can grow your wealth and know that your money is supporting your values. Change can happen, but it has to start within each of us. As Dustin put it: It’s not always just about profit, cheapness, and convenience. We can live in the world that we want. But we have to change the way we spend our money, how we outline our budgets, and the way we invest. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED Buy n Large, and how our society is like the one in WALL-E Quick history lesson on trusts and Teddy Roosevelt Sustainable Fashion & Social Good with Stephanie Hepburn: Episode 80 Build Wealth and Make an Impact with ESG Investing: Episode 76 The Volkswagen emissions scandal on Dirty Money Check out our new program, Wealth by Design™ DIY! Join the Know Your Numbers challenge Schedule a free call with us — Are we a good fit for your financial planning needs? CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter Danielle’s Instagram

114: Your Money & the Federal Reserve Currency System

united states america american money trust power system wealth finances dollar federal reserve goa understandably know your numbers reserve currency what you'll learn

Play Episode Listen Later Sep 1, 2020 29:54

We often think of “money” as a stack of bills with a bunch of dead presidents on them, right? That’s money as a concept. But when was the last time you carried cash on you? If you don’t see it or touch it, does it actually exist? Yes. And no. Maybe? Dustin and Joseph do a deep dive into the concept of money in our latest episode. They also cover how financial systems evolved from thousands of years ago into what it is now to support a global economy. Tune in to learn about the power of money, how it can be used as a weapon, and how the world seems to revolve around the American dollar. WHAT YOU’LL LEARN [03:41] What the heck even is money? [04:39] The early barter system [07:33] Money is based on our shared beliefs [09:39] Why the American dollar is the currency of power [11:40] An example of how the reserve currency system works [1:530] The alternative to a global economy [18:09] Power (and consequences) of printing money [21:35] The weaponization of finance [24:50] Trust the system What is money? So, is money real or not? If we only see numbers on a statement or on a banking app, that’s not really money… is it? This is where Dustin and Joseph have a bit of a back and forth about what money is and what it means. As Dustin says, you may not be physically handling money, but it still exists. Dollar bills don’t actually have intrinsic value. What they do is represent our money system. They hold value because we all agree that they do. We’ve evolved into this system using paper money because… well, our previous barter system wasn’t really built to last, nor was it the most efficient. People in ancient civilizations used to trade livestock for building materials, or one food for other types of food, for example. Instead of “carrying all your commodities around with you,” as Joseph put it, we turned to trading precious metals, coins, and eventually, bits of paper. And over hundreds of thousands of years, we’ve continued evolving into our current system, where the American dollar is used around the world. The reserve currency system and a global economy America is what’s called the “reserve currency,” which means that basically the entire world revolves around one dollar. Our dollar. This reserve currency system supports a global economy. Dustin further explained it in this way: imagine that someone in one country wants to buy a product from another country. Both countries, however, use a different currency. What’s the point of selling that product if you can’t use the money you’d receive? Think of the United States as the middleman in this situation. We’d buy the product from one country and sell it to the other. Because the American dollar is the single currency used for exchange, we allow the global economy to keep going. Having that power is one of the perks to the reserve currency system, but it’s also a burden. That’s why you hear about America being in debt to so many nations in the news. But the alternative is: we go back a thousand years to how it was before a global economy, or someone else has to be the reserve currency instead of us. What’s the alternative? Understandably, the idea of having only a few entities with so much power can make many feel uneasy. Dustin points out though, that this system we have has been adjusted and tweaked over thousands and thousands of years. Something about the system is working, because it hasn’t all crashed and burned just yet. If you’re not down with this global financial system, there aren’t very many alternative options for you to explore, unless you want to join a hippie community in India that uses a barter system instead. (Thank you for pointing this out to us, Joseph. Link is in the show notes, if you’re curious.) The best thing to do is accept and trust how money works in our world today. And you can learn how to make the system work to your advantage from financial planners like us. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED The National Debt, Visualized Go back to the barter system in this hippie community in Goa, India Check out our new program, Wealth by Design™ DIY! Join the Know Your Numbers challenge Schedule a free call with us — Are we a good fit for your financial planning needs? CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter

113: Should There Be a Wealth Tax?

Play Episode Listen Later Aug 18, 2020 35:26

The coronavirus pandemic, as well as recent protests against racial injustice, have highlighted a few underlying problems in our society that have been unknown by many and ignored by most. One of them is the income equality in America: the staggering wealth that a very small percentage of the population owns. As you’ve probably heard, about 1% of the population owns 44% of the wealth in the world. It’s staggering. That’s why the idea of a wealth tax has been kicked around lately, especially as we draw nearer to the 2020 election. Senator Elizabeth Warren and Senator Bernie Sanders both proposed a wealth tax during their campaigns, and billionaires like Warren Buffet have even spoken in favor of a wealth tax. But what is a wealth tax, and how does it work? Listen to our latest Wealth by Design episode to find out. Bonus: we have Joseph Darbonne from the Toujours Planning team as a co-host! WHAT YOU’LL LEARN [00:52] Meet Dustin’s co-host, Joseph [03:56] What is a wealth tax? [06:15] Why the idea of wealth tax is becoming popular [09:55] Is our current tax system fair? [13:38] Negative net worth [15:20] The ultra-wealthy who called for raised taxes [18:06] Downsides of a wealth tax society [20:18] The difference between “regressive” and “progressive” taxes [24:43] Arguments against wealth tax What is a wealth tax and how does it work? Let’s get this out of the way first: wealth tax is not the same as your income tax. Income tax taxes the money you rake in over a period of time. Through our progressive income tax system here in the United States, people with higher taxable incomes pay higher income tax rates. There are seven federal income tax brackets, where the lowest tax rate is 10% and the highest is 37%. Net worth is, as Dustin put it, basically everything you own, minus everything you owe. (Need to know what yours is? We have a calculator for that) A wealth tax would tax your net worth. For example, if you have $400,000 of assets and $250,000 of debt, your net worth would be $150,000. A 2% wealth tax would be $3,000. As Joseph mentioned, wealth taxes are not brand new ideas. “There are wealth taxes in place already that you’re not even aware you pay,” said Joseph. “If you’re a homeowner, your property tax is a wealth tax.” There are also inheritance taxes, estate taxes, and gift taxes as other examples. The argument for a wealth tax Why would we want to institute a wealth tax in this country? Well, we talk about the net worth of Amazon CEO and founder Jeff Bezos in this episode, and we guesstimated it was around $77 billion at the time of recording in mid-July. We were wrong: he has an estimated $178 billion, and is the currently richest person alive. Compare how much wealth he has to the average American, and it’s mind-boggling. As Joseph explained, we now have about 2,100 billionaires in this country… and minimum wage is still under eight bucks in their state of Louisiana. A wealth tax would move to balance out the wealth inequality we experience in our society today. It would also make tax percentages equal for all: “If you’re worth ten dollars or ten billion dollars, you’re gonna have the same tax rate, but based on your net worth,” explained Dustin. We point out in the episode that many people in the top 1% are lucky enough to inherit wealth. There are self-made billionaires who busted their butts, yes, but some of the ultra-wealthy didn’t lift a finger to make their millions and billions. Wealth is much more unequally distributed than income. If we continue to allow income inequality, the ultra-wealthy who inherited their wealth will keep dominating the economy. The cons of having a wealth tax Having a wealth tax sounds like an easy fix to income equality, but the mechanics of having it? Not so much. What would be considered a taxable asset? Are there liabilities that wouldn’t be taxed? How do you even calculate the value of an asset, like your house or business? It gets tricky. And there may be cons against those who aren’t wealthy, too. One of the biggest arguments against the wealth tax, Dustin explained, is that it doesn’t incentivize saving, investing, or building businesses. If we tax the richest people, they might not want to do anything to build their net worth. That may be so, but we also discussed how human nature plays into everything. We want to feel like we have value, and that we matter. Would we really settle for having a negative net worth? Or would people want to keep building their savings and growing their wealth? This was a really fun topic to discuss in our latest episode, and we hope y’all learned about wealth tax by listening. We also hope you enjoyed meeting our new co-host! This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED Learn more about our co-host, Joseph! More on net worth in Episode 102 A short guide to Capital in the 21st Century Jeff Bezos’ net worth (which is already higher than the amount we mentioned at the time of recording) The “Millionaires for Humanity” letter calling for raised taxes Check out our new program, Wealth by Design™ DIY! Join the Know Your Numbers challenge Schedule a free call with us — Are we a good fit for your financial planning needs?

112: Growing a Business & Wealth with Katell and Jon of Reverielane

Frame Your Way to Five Figures Photography Podcast

Play Episode Listen Later Aug 4, 2020 36:06

Katell and Jon, a husband and wife design team, are founders of Reverielane, a purpose-driven brand and web design firm. Katell’s experiences living in The Ivory Coast in Africa and France have honed her keen eye for design. Paired with her entrepreneurial drive, as well as Jon’s technical skills and creative spirit, led to the growth of Reverielane. We were so excited to talk to Katell and Jon about Reverielane, their thoughts on investing and building wealth, and their long-term goals for their business and personal lives. WHAT YOU’LL LEARN [02:00] How and why Katell started Reverielane [05:14] What “living life on your own terms” means to Jon and Katell [08:39] What it means to build wealth [11:00] Investing and growing assets [13:54] Jon and Katell’s investment goals [17:09] Our guests’ thoughts on debt [18:48] Preparing for the unknown [20:49] Long-term goals for Reverielane [28:11] Jon and Katell’s underlying passions outside of the business Reverielane’s origin story Katell moved to the United States from France in 2010. Rather than starting a new career working for someone else, she decided to go all in and launch a graphic design business. “When I moved here, I saw the possibility of creating something on my own,” said Katell. “And I decided to go that way instead.” Katell took the first few years to hone her graphic design skills. With Jon still working a traditional job, the timing was perfect to launch Reverielane. Plus, starting her own business that would also work with a family lifestyle was always one of Katell’s goals. “I’ve always wanted to make my own money,” said Katell. “Creating something that I could do from home and raise the kids, that seemed like the cherry on top.” Jon was working with Katell on Reverielane, kind of as his “night job” in addition to his regular job. But when they both realized the potential to grow Reverielane and looked at what it could become, he decided to go all in and work on it full-time. At the beginning, Katell and Jon had different mindsets on income and investing. “The initial step was, ‘let’s survive the first month,’” said John. “Katell came in and said, ‘No, this needs to be our financial goal right away.’” He realized she was right. By making space for investing in Reverielane from the beginning, they were able to look beyond that month-to-month idea of simply making ends meet. They were on a path to growing their wealth. Living life on their own terms Katell pointed out that running a business with your partner sounds, in theory, “very idyllic and fun,” but it’s hard work. Making that decision to have only one income source was tough, but it was how they could work towards their dreams. Flexibility was key: the flexibility to work from home, to travel if they wanted, and also to give to others if they had the means. Flexibility played an important role in their other decisions, too. Jon and Katell chose Southern California as a place to settle down, grow the business, and raise a family, but they were always open to other options should the need arise. “Not that you want to be moving every six months, but the mindset helped us feel confident in our decision,” said Jon. “It was awesome to get to move based on our own desires, rather than what was pulling us.” Flexibility also influences how they run Reverielane. For example, creative work in their industry tends to fluctuate. Rather than stick to a monthly budget for the business, they budget by quarter instead. That’s a great tip for creative entrepreneurs: you don’t have to follow certain rules because that’s the way you’re “supposed” to operate a business. Be flexible and do what works for you. Building wealth to give back What’s in the cards for Katell and Jon in the future? Of course, Reverielane’s success is one of their goals. Offering more options to clients and customers and scaling the business is what Katell and Jon are focused on now. If, in the future, the business evolves so much that they may sell it, they’re open to it. We asked Jon and Katell what they would be doing if income wasn’t a factor. What are their underlying passions they’d pursue if they could? Music is a big part of Jon’s life; he played cello as a kid and pursued audio engineering as a degree. Writing short fiction and making short films, creating things as he wants and as the inspiration hits would be his dream. Giving back, as Katell mentions often in this episode, is very important to her. That may look like investing in an AirBnB to offer others a place to stay. Or it may be starting a foundation, or a restaurant. “We don’t want to just build wealth to be ‘wealthy.’ We always want to have a heart full of generosity and kindness,” said Katell. “We want to be able to serve people, to impact people.” This material is for general information only and is not intended to provide specific advice or recommendations for any individual. The Standard & Poor's 500 Index is a capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The S&P 500 is an unmanaged index which cannot be invested into directly. Past performance is no guarantee of future results. RESOURCES & PEOPLE MENTIONED Build Wealth and Make an Impact With ESG Investing: Episode 076 Ladder Life Shay Cochrane and Graham Cochrane Join the Know Your Numbers challeng Want more help? Check out our new program, Wealth by Design™ DIY! Schedule a free call with us — Are we a good fit for your financial planning needs? CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter

Branding vs. Marketing & How Each One Matters to Your Growth with Rachel Green

Play Episode Listen Later Jul 9, 2020 21:10

On today's episode, I am interviewing Rachel Green on how to create a strong foundation for your brand.Tune into to learn about the specific pieces needed in order to create a strategy that will drive your brand.What You'll Learn:-the difference between branding and marketing-the importance of a brand strategy-how branding drives your marketingWho's Rachel Green? Rachel is the owner of Intentionally Designed, where she helps emerging online personal brands build their brand through strategic brand website and digital marketing. She created an amazing self-paced branding course called The Brand Strategy Blueprint. https://intentionally-designed.com/Click here for Rachel's course, The Brand Strategy BlueprintClick here for Rachel's free masterclassInstagram: @intentionallydesigned Connect with Brooke on InstagramJoin the exclusive community for Photographers on FacebookLooking for a coaching session? Find out all the details of working with Brooke here.

marketing growth branding photographers rachel green what you'll learn

EP82 How To Work With Your Spouse Effectively and Enjoyably in 9 Steps

DYB Podcast

Play Episode Listen Later Jul 8, 2020 47:20

SUMMARY: Working with your spouse can be challenging, but in this episode of the DYB Podcast, Steve and April bring you 9 Steps to Working With Your Spouse, Effectively and Enjoyably. Starting with a confession of needing marriage counseling themselves and how that changed their marriage for the better and how you can, too! They start by laying the foundation and end with the best tools they have found, so far. Whether you are married or not, Steve and April share relatable stories and easy to use tools for growth in your relationships and team members. WHAT YOU'LL LEARN: How their struggles in marriage led to learning great tools How you can communicate with your spouse even better Key questions for personal growth and happiness in your marriage and life Specific steps you can take to make your marriage to the next level If you're not married, what to look for before you consider saying, "I do!" QUOTES: 0:47 "Let's say on a scale of 1 to 10, your expectation was a five. That's what it was (in your marriage) before. Let's just say. And so I was coming in this marriage with an expectation of 10, and let's just say it was a seven. So you were super happy. You were stoked. And I was like, (deflated), "Wow. Yeah." So we decided to go to marriage counseling." 2:18 "How you can have a thriving marriage, a great marriage. Okay, this is possible. We just have these tools that we need to use. And so we want to share these with you guys. Not because--and this is why, well, one of the reasons why, it's taken us so long to produce this podcast is because for me, a fear of listen to this podcast because we've got it all together and this is perfect and this is what you should do, too. But rather, this is what worked for us and if it can at all help you guys, we want to share that to help other marriages. Or even if you're not married, this would be a great podcast to listen to if you're not married so that, you know, when you are thinking that direction, what you can use and some tools and things you need to think about before you get married..." 8:12 "What we're missing in the world today is understanding. That doesn't mean that you agree with the other person, but you can see where they're coming from and you can have empathy. Again, it doesn't mean that you agree with them, but you can understand where they're coming from." 13:51 "It's not fair to expect something if we haven't discussed it or had an agreement first. (In) so many sitcoms, you see the wife is like, "Well, you should know what I want. I shouldn't have to tell you." I just, I don't understand that --that's not logical. It doesn't make any sense." 17:22 "So extreme ownership, taking ownership, even when it wasn't something that was in your control. If you just blame it on someone else and say, "No, I'm a victim of this circumstance or of this person doing this." You've given all the power away, but taking back ownership saying no, what could I have done differently? How did I contribute to this? I own this. How can I change it? That shifts you from a victim and this marriage will never get better mentality to, wow. We can do this. Let's figure out how this works. Let's do this. It's so powerful." HIGHLIGHTS 4:27 Step 1: Supporting the Mission 7:43 Step 2: Knowing Personality Types & Languages of Appreciation 13:55 Step 3: Expectations vs. Agreements (Steve Chandler) 15:56 Step 4: Ownership vs. Victim (Mentality) 19:22 Step 5: The List of ____ :) 21:41 Step 6: Foregoing This 23:49 Step 7: Empty This 27:44 Step 8: Four Tools 43:28 Step 9: The Golden Question LINKS & RESOURCES MENTIONED IN THIS EPISODE: Steve Chandler Jacko Willink Extreme Ownership Love and Respect by Emerson Eggerichs ADDITIONAL FREE RESOURCES: DISC Personality EP75 Languages of Appreciation Podcast EP 76 9 Steps PDF of How to Work With Your Spouse Effectively and Enjoyably Schedule Your Free Strategy Call With Steve Burnett Thank you very much for joining us today! If you received value, would you take a quick few seconds and leave us a review on iTunes, please? Press and hold to visit the page: Show Notes Page

starting mission expectations respect press appreciation ownership spouse quotes victim mentality working with your spouse what you'll learn

Steal My Strategies to Grow Your Photography Instagram Account

Frame Your Way to Five Figures Photography Podcast

Play Episode Listen Later Jul 2, 2020 29:11

On today's episode, I am sharing with you an interview I did on the Profitable Portraits podcast with Tanya Smith.Tune in to steal my strategies to grow your photographing Instagram account.What You'll Learn:-how to get your followers to ENGAGE with you-how to set up your profile to convert more onlookers to followers-my golden tip to attract local followersConnect with Brooke on Instagram Join the exclusive community for Photographers on Facebook Looking for a coaching session? Find out all the details of working with Brooke here.

strategy photography engage photographers steal account tanya smith what you'll learn

Credit Score, Stimulus Checks, and Good Money Tips for 2020 | Lauren Silbert

Play Episode Listen Later Jun 30, 2020 43:02

We're *almost* to the midpoint of 2020. With all that is going on, it feels like a good time to do a little refresher on your credit score, what to do with your stimulus check, and other great money tips to help you get through this year.As our guest, Lauren Silbert, the VP, General Manager of The Balance says, literally no one could’ve predicted what is going on right now in the world and the financial impacts it would have. If anything, that should give you a little sense of relief to let go of any negative thoughts you’re having about why you did or didn’t make certain money choices before a global pandemic and focus no on what you can do going forward.What You'll LearnHow to give yourself a break around money right nowThe difference in the economy between 2008 and 2020 (and why this matters)What to do with your stimulus check if you haven't already spent itHow to focus on building up your cash reservesWhat you need to know about your credit scoreTips to avoid identity theft with your stimulus check and moreLinksThe BalanceLauren Silbert on InstagramEpisode SponsorsGet unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.SUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!Go behind the scenes of the podcast and sign up for our free monthly emails.Ask ShannahHave an Ask Shannah question, submit it hereGet SocialShannah on TwitterShannah on Instagram

111: What’s Most Important to You?

netflix work design zoom building wealth confronting know your numbers what you'll learn

Play Episode Listen Later Jun 30, 2020 19:02

How has your life changed in 2020? We’re not talking about how you’re learning how to bake bread, choosing Zoom backgrounds for your virtual meetings, or watching way too much Netflix. We’re talking about how the intangible stuff has changed. Your values. Your priorities. Your life goals. Maybe you’re realizing that you want to make more time to spend with family. You might find that you want to pursue hobbies that make you happy. Or maybe you’ve realized you need to make lifestyle changes now in order to make your dreams come to life in the future. If the pandemic hasn’t pushed you to at least think about what’s important to you… well, we’re calling you to think about it now. In this episode of Wealth by Design, we’re also helping you figure out what’s important to you so you can start living your most ideal life. WHAT YOU’LL LEARN [01:01] How our lives (and priorities) have shifted lately [07:09] The importance of having a vision for your life [10:01] Ask yourself this question to start figuring out your vision [11:30] How will you live your life? [12:40] Confronting your mortality is scary, but necessary [14:10] What’s your “revivement” age? [15:34] Building a timeline for your goals Why do you need a vision? Whether you’re a go-with-the-flow kinda person or someone who thrives off of structure and deadlines, you can benefit from having some kind of roadmap for your life. It can get you back on course when life throws a curveball at you — for example, a curveball in the form of a global pandemic. Who’d ever see that coming?? Okay, you might be wondering, “Why are you talking about life choices and values? What’s that got to do with money?” Fair question! And the answer is… money is a big part of life. When you understand your values, goals, and priorities, you’ll start making financial decisions that are in line with them. Eventually, you’ll realize you can really enjoy life and find it fulfilling if your money choices are in line with your vision. As Danielle says in this episode, “Just focusing on the money side of things doesn’t really serve you. We want you to start looking at your life in a different way.” You can start looking at your life in a different way by using our Vision Worksheet inside our resource library. (Psst...if you need something more detailed to plan out your financial future, there’s our new program called Wealth by Design™ DIY. Check it out.) Start envisioning your ideal life There are three scenarios we want you to imagine when you start using our Vision Worksheet. First, imagine that you are financially secure. You have enough money to take care of your needs now and in the future. How would you live your life? What would you do with your money? Would you change anything? Then, imagine that your doctor tells you that you have five to ten years left to live. You won’t ever feel sick, but you also won’t know the exact moment of your death. What would you do in your remaining time? Would you change your life, and if so, how? Finally, let’s imagine that your doctor tells you that you have only one day left to live. How do you feel? What do you wish you had been, or seen, or done? These scenarios aren’t meant to scare you with the thought of death. Nor are they meant for you to think about for a few minutes and then file away for later. To truly sit with the idea of death and how you want to be living your life, you need to carve out some time to fill out the Vision Worksheet. Really think about the questions and be honest with your answers. Live Intentionally From there, you can start crafting a timeline for your goals. Want to buy or build your dream home by a certain age? Start writing a book? Learn how to play an instrument? Work less and focus on your hobbies more? Assign these goals to the ages in which you want to accomplish them. Ta da! You’ve taken your first few steps to bringing your vision to life. We get it, y’all. The idea of death is scary. The idea of changing your life can be, too. But when you start living life intentionally, you’ll find more meaning and purpose in everything you do. And that’s an awesome feeling. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED Get your free Vision Worksheet from our resources library! Join the Know Your Numbers challenge Learn more about revivement in Episode 65 Want more help? Check out our new program, Wealth by Design™ DIY! Schedule a free call with us — Are we a good fit for your financial planning needs? CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter

99: Making Multiple 6 Figures with 10k Followers as a Coach (Interview w/ Sarah Hagstrom)

Instagram Marketing Secrets

Play Episode Listen Later Jun 24, 2020 57:50

Ready to learn some secrets to social media monetization? Sarah Hagstrom is an established coach of health coaches and has done so with a small-er following of 10.5k. She has a wonderful process for warming up cold Instagram traffic to be ready to make significant investments in her as their coach. What You'll Learn: • How to be ready for entrepreneurship when the opportunity comes to you • Refining coaching content and writing captions • Getting clear with your coaching message • The sales processes to booking calls and landing clients If you're a coach on Instagram you are not going to want to miss this episode but all types of businesses can certainly learn something valuable from Sarah too! See ya next time, Derek Videll @igmsecrets --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/instagram-marketing/message Support this podcast: https://anchor.fm/instagram-marketing/support

coach followers figures refining hagstrom what you'll learn

What Next? How to Create a 5-Year Plan for Your Life | Elana Lyn Gross

Play Episode Listen Later Jun 19, 2020 30:12

What is next? That is the #1 question that you might be asking yourself. Maybe you're just out of college, or 2020 has you rethinking literally every area of your life. In this episode, author of What Next? Your Five-Year Plan After College, and journalist Elana Lyn Gross, shares her tips to figure out how to reset when your life and career don't go as planned.What You'll LearnHow to create a five-year plan for career, finances, wellness and relationshipsBest practices for finding a job in any economyElana's journey to finding her what nextWays to balance goals with self-careHow Elana launched a best-selling book during the global pandemicLinksElana's websiteWhat Next bookAbout ElanaElana Lyn Gross is a journalist whose writing has been published in Forbes, Fortune, Fast Company, Entrepreneur, Business Insider, Glamour, Cosmopolitan, Elle, Women’s Day, Good Housekeeping, Allure, Women’s Health, Teen Vogue, Well+Good, and many more. She is also the author of the popular personal and professional development site, ElanaLyn.com. She has a master’s degree in journalism from Columbia University and lives on the Upper West Side.Episode SponsorGet unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.SUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!Go behind the scenes of the podcast and sign up for our free monthly emails.ASK SHANNAHHave an Ask Shannah question, submit it hereGET SOCIAL· Shannah on Twitter· Shannah on Instagram

Chapter 55: Brad Montague on fighting fear by forging fantastical futures

Play Episode Listen Later Jun 5, 2020 49:07

3 Books is a completely insane and totally epic 15-year-long quest to uncover the 1000 most formative books in the world. Each chapter is hosted live and in-person at the guest's preferred location by Neil Pasricha, New York Times bestselling author of The Book of Awesome, The Happiness Equation, Two-Minute Mornings, etc. Each chapter of 3 Books uncovers and discusses the three most formative books from one of the world's most inspiring people. Sample guests include: Judy Blume, David Sedaris, Chris Anderson of TED, the founder of the world's largest feminist magazine, the world's greatest Uber driver, Pete Holmes, Angie Thomas, and Malcolm Gladwell. Each of the 333 chapters is dropped on the exact minute of every single new moon and full moon until September 1, 2031. 3 Books is an Apple "Best Of" award-winning show and 100% ad-free, commercial-free, sponsor-free, and interruption-free. For more info check out: https://www.3books.co/ Chapter Description: I kind of believe that way down deep in our stomachs there’s this tranquil little pond of peacefulness that is where we want to live. It’s that part of us that knows for sure that these days are short, life is precious, everything is fleeting, and like these little relationships we have - with a podcast, with our mothers, with our sisters, with our lovers - these relationships are life. Sure, they’re harder to measure and harder to count and harder to remember during the daily overwhelm ... but if you can tap into that pond… if you can tap into that deeper, knowing, wiser self… then it’s a better way to live. I know for me for the past few years Brad Montague has been a bit of a guide back down to that pond inside myself. Do you know Brad? He is a wonderful human being. He created the viral Kid President videos which have been seen over 700 million times. He started a charity to get socks to homeless people, he founded the Montague Workshop, he goes on listening tours to classrooms around America asking kids want they want from grown-ups in their life, and his epic social presence is a daily source of inspiration for hundreds of thousands of people. (Check out his beautiful Instagram offering here.) Most recently, he put his incredible wisdom down on paper into a bestselling book called Becoming Better Grown-ups: Rediscovering What Matters and Remembering How to Fly. We’re catching up to him today from his home in Henderson, Tennessee, and discussing some pretty heavy (but important!) topics surrounding death, the pandemic, and how faith and art can co-exist. Although these are not your typical feel-good topics, Brad’s perspective will no doubt leave you feeling refreshed and positive. As always, when I talk to Brad, or read his books, or see his art, I am awed by how he can create chaos from the cosmos. Getting the chance to chat with him about his three formative books was a true gift. Let’s go! What You'll Learn: How do we talk to our kids about death? How do we navigate the pandemic with children? How do faith and art mix? How do artists live a spiritual life? What does the phrase ‘there is nothing so secular that cannot be sacred’ mean? How do we create timeless art? And, of course, what are Brad Montague’s 3 most formative books? You can find show notes and more information by clicking here: https://www.3books.co/chapters/55 Leave us a voicemail. Your message may be included in a future episode: 1-833-READ-A-LOT. Sign up to receive podcast updates here: https://www.3books.co/email-list

Chapter 54: K881901 aka Emily Kim Ae Sun Hunter on twins tied together and tossed to tomorrow

Play Episode Listen Later May 22, 2020 49:31

3 Books is a completely insane and totally epic 15-year-long quest to uncover the 1000 most formative books in the world. Each chapter is hosted live and in-person at the guest's preferred location by Neil Pasricha, New York Times bestselling author of The Book of Awesome, The Happiness Equation, Two-Minute Mornings, etc. Each chapter of 3 Books uncovers and discusses the three most formative books from one of the world's most inspiring people. Sample guests include: Judy Blume, David Sedaris, Chris Anderson of TED, the founder of the world's largest feminist magazine, the world's greatest Uber driver, Pete Holmes, Angie Thomas, and Malcolm Gladwell. Each of the 333 chapters is dropped on the exact minute of every single new moon and full moon until September 1, 2031. 3 Books is an Apple "Best Of" award-winning show and 100% ad-free, commercial-free, sponsor-free, and interruption-free. For more info check out: https://www.3books.co/ Chapter Description: In the late 1980s outside of Seoul, South Korea, a woman got pregnant with twins. She was 18 years old, she’d had a one night stand, and she was not able, for reasons we do not know, to keep the babies, so she gave them up for adoptions. Two baby girls were born and they were given the names K881901 and K881901. Because most people who adopt babies want one baby the twins were immediately split up and put into foster homes. For the first five months of their lives they did not know each other existed. Eventually a couple from New Hampshire, USA wanted children with siblings and adopted both babies. K881901 and K881902 were reunited and flown over to the United States to grow up under the watchful gaze of their Italian American father and French Canadian mother in a US state that is 98% white. K881901 was renamed Emily Kim Ae Sun Hunter and what were are about to hear is a story I got to hear live a few months ago when I gave a speech for Manulife at their first ever Global Employee Summit. Manulife is a global financial services company of over 35,000 people with a number of divisions such as John Hancock Financial. Unfortunately I had to follow Emily onstage! She dropped the mic with her personal story, the one I’ve just started sharing with you here, which received a giant standing ovation from the audience. She talked about finding yourself, navigating your race, being a person of color where you’re always the minority, and about how we discover our identities in a world of grey. We recorded this conversation at the Manulife Head Office in Toronto between our afternoon speech to the Western hemisphere employees and before our late-night speech to the Eastern hemisphere employees. I want to say a huge thank you to Manulife CEO Roy Gori, Director of Global Communications Brooke Tucker-Reid, and of course Emily Kim Ae Sun Hunter for helping make this conversation happen. Let’s go! What You'll Learn: How do you react to racism? How do you find yourself when you’re far from where you’re from? How do you grow your career as a woman of color? (And how do you think of the spectrum between ‘submissive’ and ‘confident’?) How can you find the meeting point of all your worlds? You can find show notes and more information by clicking here: https://www.3books.co/chapters/54 Leave us a voicemail. Your message may be included in a future episode: 1-833-READ-A-LOT. Sign up to receive podcast updates here: https://www.3books.co/email-list

Create Your Financial Destiny | Chris Guillebeau

Play Episode Listen Later May 19, 2020 41:05

Did you know that you have the power you have to create your own financial destiny? As our podcast guest, Chris Guillebeau says, you are never at the mercy of fortune as long as you have an appetite for hard work and a willingness to step outside your comfort zone.Chris Guillebeau is the New York Times bestselling author of The $100 Startup, Side Hustle, The Happiness of Pursuit, and his new book, The Money Tree. During a lifetime of self-employment that included a four-year commitment as a volunteer executive in West Africa, he visited every country in the world (193 in total) before his 35th birthday.What You'll LearnHow to plant your money treeWhy you should focus on earning extra money without quitting your jobHow to create a pathway of self-reliance and financial freedomWill the gig economy survive the global pandemicMoney lessons from Chris' new book The Money Tree...and much moreLinksThe Money Tree bookAbout ChrisSide Hustle School podcastPodcast SponsorsThanks to Policygenius for sponsoring this episode.Thanks to the Money Mindset Journal for sponsoring this episode.SUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!Go behind the scenes of the podcast and sign up for our free monthly emails.Ask ShannahHave an Ask Shannah question, submit it hereGet SocialShannah on TwitterShannah on Instagram

108: Why It’s Important to Know Your Numbers

Play Episode Listen Later May 19, 2020 20:32

Do you know your numbers? We’re not talking about your numbers like how much you have in your checking account, or age and weight (which we shouldn’t be asking about anyway!). By “numbers,” we mean the three numbers that can help you ride out this COVID-19 crisis… or any big unexpected life change that comes your way. We’re talking about: How much money you really need to make Your emergency fund number Your BULB threshold In our latest Wealth by Design episode, we talk about calculating those three numbers and how you can actually reach them. WHAT YOU’LL LEARN [00:31] Why you need to “know your numbers” [03:45] The questions we’re all asking ourselves right now [06:09] How you know you’re financially secure [06:58] Getting your finances (and mindset) in order [10:04] What is your income need? [10:53] How to calculate your true income need number [11:35] Calculating your emergency fund number and BULB number [12:51] A quick note about reaching BULB status [14:35] How to get to those three numbers [17:07] Some resources and exciting news Calculating your income need and emergency fund What’s your true income need? As in… how much income do you need? To find that first number, look at an average month from the past six months. Look at your expenses; see what you spent on your mortgage or rent, groceries, utilities, and so on. Use your favorite budgeting app or tool (or good ol’ paper and pen!) to calculate what you spent on your needs. Not your wants, but your needs. Everyone is different and we’re not about judging other people’s lifestyles, but see what extra expenses you can actually live without, like ordering takeout or shopping online. Now that you have your income need number, you can figure out how much to set aside in your emergency fund. Example: Let’s say your income need was $4,000. Your emergency fund should be, at minimum, 3 to 6 times that number. So, you should have $12,000 to $24,000 set aside in an easily accessible account. Working toward BULB status We won’t go too much into detail about BULB here, but as a quick refresher, BULB stands for “backup life bank.” It’s a number that, once achieved, you can switch to a work-optional lifestyle if you want. That magical number is about 25 times your minimum income requirement. And that minimum income requirement is everything you need to live the way you want, so you should include stuff like Netflix and your dream car and taking care of ten adopted pets. Your income need that we discussed in the previous section covers the basics and essentials. This number includes your needs and wants. Example: So, let’s say you need $60,000 a year to live life the way you want. Your BULB number would about 25 times that, or about $1.5 million. Yes, it sounds like a lot, but there are ways you can make your money work for you to reach that number. (Hint: give Episode 63 a listen.) Why these numbers matter right now Look, we know things are scary right now. And we feel for those of you who may have seen business slow down, or missed out on opportunities to build up your savings before the coronavirus shut everything down. As Danielle pointed out, about 26 million Americans have applied for unemployment benefits at the time of this recording — including contractors and gig workers. That number has probably increased even more while you’re reading this. However, knowing your numbers is important even when there isn’t a global pandemic running rampant. Life can throw you a curveball at any time, as we’ve seen with recent events. So you should always be prepared. In times of international or personal crises, you need to know your numbers in order to feel financially secure. You should know how much income you need to keep you and your family going. You also need to know how much to have in your emergency fund so you can continue to survive. In short, you need to Know Your Numbers, which is why we created a FREE challenge that helps you do just that. We’ll deliver these exercises right to your email so you know your numbers without a ton of overwhelming math, and you’ll know exactly what you can do today to feel more comfortable with the money you’ve got. If that floats your boat, sign up for the Know Your Numbers Challenge now! This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED Sign up for our free Know Your Numbers challenge! Unemployment updates from MarketWatch Episode 63: Your BULB Threshold Episode 4: The Bucket Strategy The BULB Calculator Check out our DIY Financial Planning Course The Toujours Planning Blueprint to Wealth + Security Our YouTube Channel Schedule a free call with us — Are we a good fit for your financial planning needs? CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter

netflix americans design wealth hint income unemployment financial planning calculating emergency funds know your numbers bulb what you'll learn example let

Chapter 53: Vivek Shraya is trashing traditional trans tropes

Play Episode Listen Later May 7, 2020 112:46

3 Books is a completely insane and totally epic 15-year-long quest to uncover the 1000 most formative books in the world. Each chapter is hosted live and in-person at the guest's preferred location by Neil Pasricha, New York Times bestselling author of The Book of Awesome, The Happiness Equation, Two-Minute Mornings, etc. Each chapter of 3 Books uncovers and discusses the three most formative books from one of the world's most inspiring people. Sample guests include: Judy Blume, David Sedaris, Chris Anderson of TED, the founder of the world's largest feminist magazine, the world's greatest Uber driver, Pete Holmes, Angie Thomas, and Malcolm Gladwell. Each of the 333 chapters is dropped on the exact minute of every single new moon and full moon until September 1, 2031. 3 Books is an Apple "Best Of" award-winning show and 100% ad-free, commercial-free, sponsor-free, and interruption-free. For more info check out: https://www.3books.co/ Chapter Description: I was browsing through a book store a few years ago when I stumbled on a small purple book called I’m Afraid of Men written by Vivek Shraya. Hadn’t heard of the book! Hadn’t heard of Vivek Shraya! But the provocative title grabbed me so I flipped it over. What was on the back? A simple big solo statement: “And men are afraid of me.” I opened and kept reading the jacket. Here’s what it said: “A trans artist explores how masculinity was imposed on her as a boy and continues to haunt her as a girl, and how we might reimagine gender for the twenty-first century. Vivek Shraya has good reason to be afraid. Throughout her life she has endured acts of cruelty and aggression for being too feminine as a boy and for not being feminine enough as a girl. In order to survive her childhood she had to learn how to convincingly perform masculinity. As an adult she makes daily compromises to steel herself against everything from verbal attacks to heartbreak. Now, with raw honesty, Shraya delivers an important record of the cumulative damage caused by misogyny, homophobia, and transphobia, releasing trauma from a body that has always refused to assimilate.” Needless to say, I was intrigued. I picked up this small book and it transfixed me. It showed me a view and a lens and a perspective that I had no familiarity with and was opening my mind to a culture and people living with so much oppression. I ended up buying more of Vivek’s books, including her wonderful children's book A Boy & The Bindi. And when her traveling live memoiry stageshow How To Fail As A Pop Star visited Toronto my wife Leslie and I bought tickets and joined the giant standing ovation. Vivek Shraya is an artist whose body of work crosses the boundaries of music, literature, visual art, theatre, and film. That bestselling book I’m Afraid of Men was heralded by Vanity Fair as “cultural rocket fuel,” and her album with Queer Songbook Orchestra, Part‑Time Woman, was nominated for the Polaris Music Prize. She is one half of the music duo Too Attached and the founder of the publishing imprint VS. Books. A six-time (!) Lambda Literary Award finalist, Vivek was a Pride Toronto Grand Marshal, was featured on The Globe and Mail’s Best Dressed list, and has received honours from The Writers’ Trust of Canada and The Publishing Triangle. And, as if that’s not enough, she’s also Assistant Professor of Creative Writing at the University of Calgary! And now, right in the throes of her book launch for her fiction debut (!) The Subtweet, I had the pleasure of chatting with Vivek from Calgary about a slew of topics I think you’ll enjoy such as how parents can avoid snuffing out their children’s gender creativity and how we might think about using pronouns. Vivek is able to navigate many complex topics—topics that most people are not even willing to discuss—with a comfort and clarity that shows a deep level of thinking and which is the partial product of the hardships she’s endured and navigated throughout her life. I find her and her work incredibly brave, vulnerable, and important. I loved talking to her and hope you enjoy this conversation as much as I did. And now … let’s go! What You'll Learn: How do you conduct a virtual book tour? How can parents avoid snuffing out the gender creativity in their children? How did colonization induce transphobia? What are the pros and cons of using labels? How might we think about using pronouns? What are some issues with the most common trans narratives? How do we learn to see cultural lenses that we have lived with our whole lives? What is an artist’s real job? And, of course, what are the incredible Vivek Shraya’s 3 most formative books? You can find show notes and more information by clicking here: https://www.3books.co/chapters/53 Leave us a voicemail. Your message may be included in a future episode: 1-833-READ-A-LOT. Sign up to receive podcast updates here: https://www.3books.co/email-list

107: The Key to Consistency in Investing

Frame Your Way to Five Figures Photography Podcast

Play Episode Listen Later May 5, 2020 13:23

Dollar-cost averaging. It’s probably the most boring financial term ever. (We’re working on coming up with a new term. Anyone have any ideas? Anyone?) Snooze-inducing as it sounds, dollar-cost averaging is a super important technique that everyone should be using to invest. Why? Read on. WHAT YOU’LL LEARN [01:55] What dollar-cost averaging means [03:30] Why timing the market doesn’t work [04:24] The key to investing: don’t think about it [05:20] Some musings on stock market fear [08:14] Bring on the volatility! [09:34] Start low and stick to it Timing the market doesn’t work Brace yourself: we get topical in this episode. How could we not? Unless you’ve been living under a rock, you’ve probably been bombarded with minute-by-minute updates on COVID-19, aka coronavirus. Warnings against travel. The number of cases in the United States and worldwide. The number of deaths from coronavirus. And its impact on the stock market. There’s nothing wrong with staying up-to-date on important news — and we’re huge believers in washing your hands to prevent germs from spreading — but the point is, staying glued to the media 24/7 is not healthy, especially for your financial strategy. This kind of media consumption can trick you into thinking that the perfect time to invest is always just around the corner. “Well, if the stock market is down right now thanks to the coronavirus, it’ll go much lower soon! Then I’ll jump in and invest!” Trying to time the market doesn’t work, folks. As Danielle said in this episode, you can always come up with a reason to wait to invest, whether the market is high or low. Rather than overthinking your investment strategy, or trying to find the “perfect” time to start investing, you need a consistent strategy that will weather the ups and downs of the market. That’s what dollar-cost averaging does for you. Why dollar-cost averaging works If you need a refresher on what dollar-cost averaging is, here you go: you invest the same amount of money each month, no matter what the market is doing. That’s really all there is to it! Essentially, dollar-cost averaging makes you buy less when the market is higher, and buy more when the market is lower, as Dustin put it. That’s the best way to invest. And it works best when the market does fluctuate a lot. Ready to get started? Then stick with a low dollar amount. Figure out what your budget will allow and automate it with your bank so you don’t have to worry about it. From there, increase your monthly purchase amount when you can afford to. This kind of commitment to investing will pay off for you now, and especially for your future self. Another note: don’t check your accounts daily. Especially when the markets are volatile. Just trust us on this one. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED NerdWallet’s definition of dollar-cost averaging More on dollar-cost averaging in Episode 17 Stock market fear in Episode 104 The bucket strategy in Episode 4 Schedule a free call with us — Are we a good fit for your financial planning needs? The Toujours Planning Blueprint to Wealth + Security Connect With Danielle and Dustin Ask Your Questions On Facebook On Twitter

united states investing consistency figure stock timing dollar brace stock market warnings nerdwallet what you'll learn why read connect with danielle

Misconceptions About Owning a Photography Business with Kendra Swalls

Play Episode Listen Later Apr 30, 2020 28:42

Today on the Frame Your Way Photography Podcast, we have Kendra Swalls. Kendra and I are breaking down the misconceptions of owning your own photography business and serving up some truth! Tune in to get tips on how to set yourself apart. If you’re ever having a bad day where you’re feeling discouraged in your business, you’re going to want to break out this podcast episode. Yep. It’s that good!What You'll Learn:common misconceptions when starting a photography businesswhat you can do to stand out from everybody elseabundance over scarcity mindsetWho’s Kendra Swalls? She is the photographer behind Paisley Layne Photography in the Dallas/Fort Worth area. She has been a photographer for 8 years and she is so passionate about what she does. Find her at @paisleylaynephotography on the 'gram! Kendra’s podcast is Girl Means Business. Visit her website for more information on her podcast and business!Connect with Brooke on Instagram.Join the exclusive community for Photographers on Facebook.

photographers owning misconceptions dallas fort worth photography business what you'll learn

Chapter 52: Wagner Moura on lessons in living and loving from Latino leaders

Play Episode Listen Later Apr 22, 2020 116:28

3 Books is a completely insane and totally epic 15-year-long quest to uncover the 1000 most formative books in the world. Each chapter is hosted live and in-person at the guest's preferred location by Neil Pasricha, New York Times bestselling author of The Book of Awesome, The Happiness Equation, Two-Minute Mornings, etc. Each chapter of 3 Books uncovers and discusses the three most formative books from one of the world's most inspiring people. Sample guests include: Judy Blume, David Sedaris, Chris Anderson of TED, the founder of the world's largest feminist magazine, the world's greatest Uber driver, Pete Holmes, Angie Thomas, and Malcolm Gladwell. Each of the 333 chapters is dropped on the exact minute of every single new moon and full moon until September 1, 2031. 3 Books is an Apple "Best Of" award-winning show and 100% ad-free, commercial-free, sponsor-free, and interruption-free. For more info check out: https://www.3books.co/ Chapter Description: We need leadership right now. Professional sports? Paused. Olympics? Postponed. Movie theaters? Closed. And yet we need stories to process, make sense, and inspire us more than ever before. Community leaders, politicians, and family members are filling the void. Don’t you love the viral stories of doctors playing piano after a long shift or prime ministers doing press conferences declaring the Tooth Fairy an essential service? We need leadership right now. And today I want to offer you a great one. Sérgio de Mello was a United Nations diplomat for 34 years earning awards and praise for his astounding global humanitarian efforts. He had a unique leadership style which cut through bureaucracy, clearly saw the humans behind the flags, and understood that we live in a global village and the most important way to get through tough times is by connecting our hearts. His empathetic and hopeful story is being brought to the screen in a brand new film called Sergio by Wagner Moura, an incredibly talented actor perhaps best known for playing Pablo Escobar in Narcos. Leslie and I absolutely loved Sergio and I was thrilled to sit down with Wagner Moura, passionate father, passionate activist, and passionate artist, to discuss many, many themes including: How do we learn to stand up for what we believe in? How do we parent during quarantine? How do we commit to things beyond our control? How do we create art in times of crisis? What do you say to your children when a president publicly denounces you? How do we seek out the humble leaders without titles in our own lives? And, of course, what are Wagner Moura’s three most formative books? I found Wagner Moura to be an incredibly beautiful soul and I think you will be inspired by the wonderful soulful offering he gives us all on 3 Books. Let’s go! What You'll Learn: How do we learn to stand up for what we believe in? How do we parent during quarantine? How do we commit to things beyond our control? How do we create art in times of crisis? What do you say to your children when a president publicly denounces you? How do we seek out the humble leaders without titles in our own lives? And, of course, what are Wagner Moura’s three most formative books? You can find show notes and more information by clicking here: https://www.3books.co/chapters/52 Leave us a voicemail. Your message may be included in a future episode: 1-833-READ-A-LOT. Sign up to receive podcast updates here: https://www.3books.co/email-list

Chapter 51: Dr. Qing Li on finding faith and freedom in forests

texas child birds anatomy bees birds bees what you'll learn

Play Episode Listen Later Apr 7, 2020 85:36

3 Books is a completely insane and totally epic 15-year-long quest to uncover the 1000 most formative books in the world. Each chapter is hosted live and in-person at the guest's preferred location by Neil Pasricha, New York Times bestselling author of The Book of Awesome, The Happiness Equation, Two-Minute Mornings, etc. Each chapter of 3 Books uncovers and discusses the three most formative books from one of the world's most inspiring people. Sample guests include: Judy Blume, David Sedaris, Chris Anderson of TED, the founder of the world's largest feminist magazine, the world's greatest Uber driver, Pete Holmes, Angie Thomas, and Malcolm Gladwell. Each of the 333 chapters is dropped on the exact minute of every single new moon and full moon until September 1, 2031. 3 Books is an Apple "Best Of" award-winning show and 100% ad-free, commercial-free, sponsor-free, and interruption-free. For more info check out: https://www.3books.co Chapter Description: Where are you in the world right now? Shacked up in Shanghai? Isolating in Iceland? Quarantine in Qatar? Well, I don’t know where you are but I am guessing that one of the biggest questions you’ve been asking yourself lately is about self-care. How do you take care of yourself if you are socially distancing or taking care of the others for weeks or months on end? What tools can you use? As the world is shifting, how do we all make sure you are taking care of our personal well-being? My mental health is being challenged right now and I am guessing yours may be, too. Well, today I bring you the very first virtual chapter of 3 Books, featuring Dr. Qing (pronounced “Ching”) Li all the way from Tokyo, Japan. Dr. Li is the world’s foremost authority in forest medicine. A medical doctor at Tokyo’s Nippon Medical School, he has been a visiting fellow at the Stanford University School of Medicine, and is the founding chairman of the Japanese Society for Forest Medicine. He’s also the author of several books including the international bestseller Forest Bathing: How Trees Can Help You Find Health and Happiness. I am so grateful that the kind and generous Dr. Qing Li accepted my invitation to come on 3 Books. I hope you find the conversation as informative and inspiring as I did. Let’s go! What You'll Learn: How do you take care of yourself during these uncertain times? What is forest therapy? What are the immune-boosting properties of being in nature? What are great books to build your leadership and capacity for hard work? How can you benefit from forest bathing in a city or while stuck inside? You can find show notes and more information by clicking here: https://www.3books.co/chapters/51

101: How To Talk To Your Child About Anatomy (Guest, Birds & Bees)

Little Z's Sleep Podcast

Play Episode Listen Later Apr 2, 2020 34:35

This is a special podcast episode! Mary Flo Ridley & Megan Michelson of Birds & Bees join me on this episode to talk about HOW to talk to your children about their anatomy. From a young age Mary Flo & Megan share the importance of why we talk with our children about their body parts, label them as private and teach them about your family's message on sex. Birds & Bees is located in Dallas, Texas and through online courses as well as local classes that teach families about how to ditch "the talk" for updated conversations weaved through their childhood about anatomy and sex. WHAT YOU'LL LEARN: 1. How to craft a family message (Mary Flo) 2. Why it's important to use the real words when teaching your children about their anatomy (Megan) 3. What's involved in Birds & Bees one hour online course 4. How to use an online course in a group setting >> USE CODE LITTLEZSLEEP TO SAVE 20% ON YOUR BIRDS & BEES COURSE!! >> Follow Birds & Bees on Instagram >> Follow Becca on Instagram

Plan & Protect: Episode 08 - The Assisted Living Episode

Plan & Protect

Play Episode Listen Later Mar 26, 2020 26:06

In this episode, Justin and Drew welcome special guest, Jimmy Elrod, to the podcast. Jimmy is one of the owners and directors of a local assisted living facility in central Arkansas. They discuss what differentiates assisted living from other long-term care options, and they get into how the current situation surrounding COVID-19 has forced assisted living facilities to dramatically alter their normal operations to keep their residents and staff safe.What You'll Learn:How assisted living facilities differ from other long-term care options.How assisted living facilities help their residents thrive even as their care needs increase.How facilities are protecting their residents and staff from COVID-19.Links and Resources Mentioned:You Need a Plan Free BookMt. Carmel Community Website

protect arkansas assisted living what you'll learn

Chapter 50: Marcus Buckingham on soul ciphers and strength of self

Play Episode Listen Later Mar 24, 2020 62:57

3 Books is a completely insane and totally epic 15-year-long quest to uncover the 1000 most formative books in the world. Each chapter is hosted live and in-person at the guest's preferred location by Neil Pasricha, New York Times bestselling author of The Book of Awesome, The Happiness Equation, Two-Minute Mornings, etc. Each chapter of 3 Books uncovers and discusses the three most formative books from one of the world's most inspiring people. Sample guests include: Judy Blume, David Sedaris, Chris Anderson of TED, the founder of the world's largest feminist magazine, the world's greatest Uber driver, Pete Holmes, Angie Thomas, and Malcolm Gladwell. Each of the 333 chapters is dropped on the exact minute of every single new moon and full moon until September 1, 2031. 3 Books is an Apple "Best Of" award-winning show and 100% ad-free, commercial-free, sponsor-free, and interruption-free. For more info check out: https://www.3books.co/ Marcus Buckingham is a global researcher, bestselling author, and thought leader focused on unlocking strengths, increasing performance, and pioneering the future of how people work. He is the co-author of two of the bestselling business books of all time including FIRST BREAK ALL THE RULES and NOW, DISCOVER YOUR STRENGTHS as well as his newest bestseller NINE LIES ABOUT WORK. Building on nearly two decades of experience as a Senior Researcher at Gallup Organization, he currently guides the vision of ADP Research Institute as Head of People + Performance. He founded The Marcus Buckingham Company in 2006 with the clear mission to instigate a "strengths revolution." Chapter Description: Welcome to Chapter 50 of 3 Books! Yes, in the midst of Coronavirus chaos we’re going to hang out on a hotel room couch in Vancouver for a little bit of calm. (PS. If you haven’t listened to the Surprise Waning Crescent episode of 3 Books all about Coronavirus please check that out first.) I am very excited to have you on the couch beside me and the absolutely incredible Marcus Buckingham. Who is Marcus? Well, if you’re in the business world, you’ve probably heard of him. Why? Well, he’s written books sitting on every executive’s bookshelf and his assessments and work is used everywhere. Marcus Buckingham is a global researcher and thought leader focused on unlocking people's strengths, increasing their performance, and pioneering the future of how people work. I have a feeling his work is going to be much needed after Coronavirus! How did Marcus end up doing this job? Well, after working as Senior Researcher inside Gallup for a couple of decades he co-authored some of the most popular business books of all time including First Break All The Rules, Now Discover Your Strengths, and his latest bestseller, Nine Lies About Work. What does Marcus do now? He guides the vision of ADP Research Institute as Head of People and Performance and in 2006 he founded the Marcus Buckingham Company, with the clear mission to instigate a “strengths revolution.” I love the optimism behind his work. That people are born as acorns, with an imprint inside them on what they could be, and what their true potential could lead them to. I sat down with Marcus overlooking the foggy mountains over Vancouver Harbour just before he took to the stage for the headlining slot at The Art of Leadership. We cover a lot of topics in this chapter including: How do we learn to truly see our children? How can the education system be improved? How do we avoid tribalism? What is the real definition of weird? What’s the single best question to ask yourself when trying to articulate your strengths? And how can we find our own unique way to draw strength and love from life? I found Marcus to be brave, vulnerable, and inspiring in this conversation. Years ago, when I worked at Walmart, we used Marcus’s books and videos in our training sessions. Getting a chance to sit down with him many years later to discuss his 3 most formative books was a rare treat. Let’s go… What You'll Learn: How do we learn to truly see our children? How can the education system be improved? How do we avoid tribalism? What is the real definition of weird? What’s the single best question to ask yourself when trying to articulate your strengths? How can we find our own unique way to draw strength and love from life? You can find show notes and more information by clicking here: https://www.3books.co/chapters/50 Leave us a voicemail. Your message may be included in a future episode: 1-833-READ-A-LOT. Sign up to receive podcast updates here: https://www.3books.co/email-list

Coronavirus & Your Money | Michele Schneider & Laurie March

money coronavirus entrepreneur travel lifestyle entrepreneurship budget millennials schneider career advice it's free what you'll learn

Play Episode Listen Later Mar 17, 2020 41:58

I’m not sure there is anyone around the world that doesn’t know about COVID-19 at this moment. I'm praying that it hasn’t affected you or your family. It would be a gross misstep if I didn’t dedicate an episode to Coronavirus and its impact on your money. So that’s what we’re going to do – not with fear, but with information and facts to help you navigate these strange waters.Joining me on this episode is Laurie March (from a previous podcast episode) and Michele Schneider, from MarketGuage and author of Plant Your Money Tree.What You'll LearnHow this current economic crisis compares to the 2008 global crisisMish's suggestions of what to do and not to do with your investmentsKey trends to watch out for in the next few weeksLaurie shares how to prepare for an emergency - what you need to stock up on from a previous podcast episodeHow to keep a good money mindset in the midst of this crisisSUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!Go behind the scenes of the podcast and sign up for our free monthly emails.Ask ShannahHave an Ask Shannah question, submit it hereGet SocialShannah on TwitterShannah on Instagram

I Heart My Life Show

Play Episode Listen Later Mar 17, 2020 16:41

“We have to truly trust ourselves and trust that regardless of what life throws at us, because it does throw some doozies, we are going to be fine. We are going to thrive. We are going to come back stronger than ever.” - Emily Williams WORK WITH EMILY iheartmylifebooking.com E-mail: info@iheartmylife.com DURING THIS EPISODE I'm recording this episode because of the number of questions I'm getting about the Coronavirus. People are asking me how to handle things happening in their life and business that are causing them to lose faith or go into fear, especially around money. I don't know what your situation is, but I know people are feeling stress around everything that's happening in the world right now. Operating from fear doesn't serve you. We're capable of handling what we're experiencing, and all of that challenge makes us stronger. This is getting you ready for the next level. WHAT YOU’LL LEARN [1:27] Why you need to focus on the facts, not the opinions of others [4:54] Looking for the lesson [8:41] What happens when you trust yourself ABOUT THE I HEART MY LIFE SHOW Tune into the I Heart My Life Show with Success Coach Emily Williams to learn how to design a life you love, manifest more success and wealth, move past fear and blocks and create joy in your life and business. Emily and her world-renowned guests will help you create a life that’s better than your dreams and give you tangible action steps to get there — quickly. She’ll cut through the fluff and share what’s worked for her and the world’s most successful people. She believes that success is an inside job — not just about another strategy. The I Heart My Life Show will help you finally heart your life, experience extraordinary success, make more money, live according to your own desires and give you permission to go after what you really want. SUBSCRIBE TO THE PODCAST Apple Podcasts https://podcasts.apple.com/us/podcast/i-heart-my-life-show/id1330534524 Spotify https://open.spotify.com/show/1Zw6fI37FrfVjZMXlMiZZ6 CONNECT WITH EMILY https://www.iheartmylife.com/ https://www.instagram.com/iheartmylifenow/ https://www.facebook.com/iheartmylifenow https://www.linkedin.com/company/i-heart-my-life/ Email: info@iheartmylife.com LEARN MORE ABOUT EMILY More about Emily, her company I Heart My Life and her coaching programs can be found at www.iheartmylife.com. Emily Williams is a success coach, entrepreneur, and author with a seven-figure business who, at one point, couldn’t get a job at Starbucks. After experiencing a quarter-life crisis, she moved from Ohio to London (where she knew no one!) and in 2014 launched her business, I Heart My Life. She made $442 in her first month—and then went on to hit six figures in six months before her 30th birthday. She grew it to seven figures in under 18 months. Today, she works with female entrepreneurs all over the world, helping them bust through the obstacles that hold their dreams and goals hostage so they can free themselves to live the lives they want, build their own online business and hit their money goals. She’s been featured in Money, Entrepreneur, Business Insider, Forbes, and Success Magazine.

spotify money coronavirus entrepreneur ohio forbes starbucks business insider operating success magazine emily williams what you'll learn i heart my life connect with emily

The Episode About Taxes| Milton Rodriguez

money entrepreneur travel lifestyle entrepreneurship budget millennials taxes rodriguez milton career advice it's free enrolled agents what you'll learn

Play Episode Listen Later Mar 10, 2020 39:50

April, you’re right around the corner my friend, and that means it's time to file your taxes. Not to worry, I’m bringing you my yearly episode about taxes to help you get prepared and ask all your burning tax questions. Joining us on this episode is Milton Rodriguez, a millennial tax expert and Enrolled Agent to break it all down for you.What You'll LearnHow the recent tax changes might impact your tax filingWhat to do if you've made a mistake filling your taxesThe difference between deductions and tax creditsHow to handle your taxes as an entrepreneurShould you file online or hire an accountantMilton's story and his love for taxesLinksPacific Pier TaxHow to file your taxes for freeUltimate Guide to Doing Your TaxesSUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!Go behind the scenes of the podcast and sign up for our free monthly emails.Ask ShannahHave an Ask Shannah question, submit it hereGet SocialShannah on TwitterShannah on Instagram

106: How Your Obsession With Taxes Affects Investing

robots seo wordpress spiders functions search engines squarespace seo strategies crawlers what you'll learn white hat seo

Play Episode Listen Later Mar 10, 2020 21:35

Our society is obsessed with not paying taxes. Just take a look at some of these famous quotes about taxes (that the IRS themselves put together!): "The power of taxing people and their property is essential to the very existence of government.'' James Madison, U.S. President “Few of us ever test our powers of deduction, except when filling out an income tax form.” Laurence J. Peter, author “I am proud to be paying taxes in the United States. The only thing is – I could be just as proud for half the money.” Arthur Godfrey, entertainer “The hardest thing in the world to understand is the income tax.” Albert Einstein, physicist and Albert freakin’ Einstein Americans are obsessed with having to pay taxes and finding ways to avoid doing so. We get it, but sometimes that fear can go too far and mess with your investing strategy. That’s what we’re here to clear up. WHAT YOU’LL LEARN [01:39] Dustin’s cautionary tale about taxes clouding your judgment [05:30] Our fear of tax consequences [08:50] Society’s obsession with taxes [10:28] Changing your tax mindset [11:55] All about ETFs, or exchange-traded funds [14:48] The oh-so-valuable bucket strategy [16:43] A great tip about long-term capital gains Fear and Taxes Dustin kicked off this episode with a cautionary tale about a previous client from back in the day. This client put all his stock into the company he used to work for before retirement. One company. That basically meant his future hinged on the success or failure of this one company. When Dustin advised him to sell his stock when they were at a high, he declined. Why? Because he would have had to pay taxes. We’re not quite sure where the obsession with (not) paying taxes came from, but that’s not really the point of our episode. What matters is how your tax mindset affects your investment strategy. More specifically, how your fear of tax consequences can hold you back. (There’s our good ol’ friend fear again!) When your feelings about taxes stop you from making good investment decisions, that’s when it starts to become a problem. It Starts With Changing Your Tax Mindset The good news is, you can get over your fear of tax consequences and start investing with confidence. To start, you need to change your tax mindset. We’re big believers in understanding financial fears, because that’s the first step in overcoming them. Ask yourself, what do you believe about taxes? Are you on former president James Madison’s side, or do you lean more towards Arthur Godfrey’s? Are taxes a necessary good or a necessary evil? Try thinking of taxes simply as “the cost of doing business,” as Dustin put it in this episode. Rather than seeing the negative (the government took out $30k of the $100k I made!) try to see the positive instead (I took home $70k, awesome!). Maybe it sounds a little dorky to focus on the positive, but it goes hand in hand with our second of Nine Commandments: net worth is king. Focus on your assets, or the positive, rather than your debts, or the negative. It’s a great perspective you can use for your taxes, too. ETFs and Capital Gains After you change your mindset, there are few other strategies you can use to tackle taxes and investing. We talk about each strategy more fully in the episode (meaning… tune in!), but let’s review here real quick. One is ETFs, or exchange-traded funds. Simply put, with ETFs, you don’t have to pay extra taxes on capital gains distributions each year. Speaking of capital gains, we shared another strategy for saving money on taxes: by holding your investment for a year. Capital gains are essentially a profit you make from selling an asset like a stock. Say you buy a stock at $10 and it grows to $15. If you sell that stock within a year, you have to pay taxes on that $5 difference you made! That’s because it’s treated as income. But if you hold it for longer than a year, you only have to pay long-term capital gain taxes. For most people who bring in a certain amount of income, that tax is zero. Zip. Nada. For other people who bring in almost $500k, long-term capital gain tax is still pretty low. So by holding off for a year, you spend less money on taxes. Have Your Eyes Glazed Over Yet? We know, we know: tax information can get crazy confusing fast. And when you’re new to investing, that fear of paying more taxes than you think you need to can be really scary. That’s why working with a CERTIFIED FINANCIAL PLANNER™ (and listening to the Wealth by Design podcast!) can help you understand your options and build a smart investment strategy. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED How to Be the Boss of Your Own Money, Episode 78 More about ETFs in Episode 68 The Bucket Strategy in Episode 4 Schedule a free call with us — Are we a good fit for your financial planning needs? CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter

united states fear money mindset speaking design society focus investing wealth boss capital taxes albert einstein irs obsession etfs certified financial planners james madison zip arthur godfrey what you'll learn bucket strategy laurence j peter your own money

Ep9 SRT - Best SEO Strategies For Your Website with Victor Terekhovskyi - SmileRealTalks PODCAST

Smile Real Talks

Play Episode Listen Later Feb 27, 2020 46:59

Today's Topic: Best SEO Strategies For Your Website with Victor Terekhovskyi - SmileRealTalks PODCAST. What You'll Learn: 1. What SEO really means. 2. The Purpose of using keywords in SEO. 3. Functions of Spiders, Robots and Crawlers on a website in determining it's level in the search engine. 4. What Black Hat and White Hat SEO really means and its effect. 5. How to know if your SEO is really working and how to track it. 6. Search Engine competition and what to focus on when optimizing a website. 7. How often a website audit should be done. 8. WordPress, Squarespace or Programmed Website - SEO varying strategies. 9. Victor's favorite SEO blogs. 10. Latest SEO updates from Victor. Watch on YouTube: Click Here to Watch On YouTube. For more Podcasts: Click Here For More Amazing Podcasts. --- Send in a voice message: https://anchor.fm/smilerealtalks/message

105: Penny Stocks: Buy In or Beware?

design investing wealth wolf wall street laws companies draw fomo stocks nasdaq wild west human nature otc new york stock exchange jordan belfort penny stocks what you'll learn

Play Episode Listen Later Feb 25, 2020 18:57

Have you ever heard about penny stocks? Are you wondering what they are and if you should be getting in on that action? We’re covering everything about penny stocks in this episode of Wealth by Design, so buckle up. Warning: we do not shy away from our opinions about penny stocks in this episode! WHAT YOU’LL LEARN [01:20] What is a penny stock? [03:01] How Dustin was introduced to penny stocks [06:10] The reality of Dustin’s dot com story [08:19] Common misconceptions with penny stocks [09:54] The type of investment strategy you should have [10:34] Why penny stocks exist [12:10] All about pump and dump scams (yes, like in The Wolf of Wall Street) [14:22] Our final verdict on penny stocks What Are Penny Stocks? Penny stocks, as their name implies, are stocks that trade for less than $5 per share. You’ll find lots of penny stocks that cost less than a dollar or even less than a penny. Of course, that’s part of their appeal. These cheap stocks seem attractive when compared to companies that trade at much higher amounts. But you may have heard people (or “influencers”) talking about how they’re making money fast on penny stocks and you may be wondering if you need to get in on the scheme. We’re here to talk you down. The Draw of Penny Stocks In this episode, we mentioned the “viral” factor when it comes to penny stocks. It might seem like everyone around you is talking about a specific penny stock and making money on it. Eventually, you start to feel the pressure. Should you become a ground floor investor? Will you hit it big with this underdog company? It’s natural to feel that adrenaline rush when you think you may have discovered a “diamond in the rough,” as we described it. But we’re going to play devil’s advocate for a moment and bring you back to reality. A good long-term investment strategy should never make you feel pressured into buying anything. Investing should never feel like a potential lottery win. You want an investment strategy that’s stable and disciplined, not one that’s volatile and hard to research. That’s what penny stocks are, however, and those are huge red flags. If you hear your friends, coworkers, or acquaintances talking about “the next big thing” in stocks, be wary: it might be a pump and dump scam. (You may have heard of pump and dumps in 2013, thanks to The Wolf of Wall Street movie based on the real-life Wolf of Wall Street, Jordan Belfort.) Be on the lookout for penny stocks that seem like they’re on fire at the moment. That’s a pretty good sign that they’ll burn out quickly, and that they’re actually worthless. How Penny Stocks Actually Work We hear you wondering: “If penny stocks are so unpredictable, why does anyone even invest in them?” We’ve already talked about why people might take a chance on penny stocks: the FOMO, the rush of adrenaline, and the desire to feel like you’re a ground floor investor in an underdog company. Now let’s look at the company side of things. Penny stocks are not arbitrary. They may be companies that have failed and are now actually worth pennies. Companies that have failed but still have some type of worth tied up in their business, like tons of land, for example. On the other hand, companies may start out as penny stocks, which can be even worse! Companies who start out as penny stocks can manipulate their price purposefully to skirt regulation. Penny stocks are called “over-the-counter stocks” since they don’t trade on a regulated exchange, like the Nasdaq or New York Stock Exchange. Instead, they’re traded in an OTC exchange. And when you’re dealing with companies who manipulate prices and skirt regulation, it’s the Wild West out there, as Dustin put it. It’s a lawless place that you should avoid. Our Final Verdict on Penny Stocks Technically, we’re not allowed to give specific investing advice. But we made an exception for this topic. How do we feel about penny stocks? DON’T. BUY. THEM. You’ll hear us get pretty emphatic about this in the episode. Buying penny stocks is the opposite of the kind of investing strategy we want you to have! We want you to have a diversified, disciplined, long-term investing strategy. You won’t find that with penny stocks. Just don’t do it, folks. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. Resources & People Mentioned Episode 104: The Laws of Human Nature The true story behind The Wolf of Wall Street One of our many resources: A blueprint guide to wealth The Toujours Planning Quiz — Are we a good fit for your financial planning needs?

104: How the Laws of Human Nature Relate to Investing

Play Episode Listen Later Feb 18, 2020 26:53

What do children’s fables, dog memes, human nature, and investing have to do with each other? Well, you just might have to listen to the full episode to understand. In a nutshell, though, Episode 104 is all about human nature and how it can work against us when it comes to investing. Fear of the unknown and fear of failure can hold us back. And greed can lead us down some bad paths and entice us to make poor decisions that we’ll pay for later. WHAT YOU’LL LEARN [00:50] The enemy of investing [02:10] A famous quote on investing from Warren Buffett [04:22] How financial advisors temper your expectations [07:13] The roles fear and greed play in your finances [08:21] A case study on fear during the 2008 financial crisis [12:15] A quick detour into fables and fairy tales [17:24] Herd mentality and normalcy bias [20:35] How to fight fear and greed You Can’t Always Count on Your Golden Eggs We kicked off this episode with a famous quote from Warren Buffett: “Be fearful when others are greedy and greedy when others are fearful.” What the heck does that mean? When it comes to investing, it means to be contrarian: Do your own thing. Ignore the herd mentality of doing what everyone else is doing. Don’t give in to the FOMO. To be clear, yes, Warren Buffett is telling us to be fearful and greedy when others are not. As an investment strategy, it works. But when we talk about actual fear and greed, it’s important to be strong and not give in to those feelings. If you’ve ever heard the story, The Goose and the Golden Egg, you know that we’re all supposed to be patient and avoid greed (but also, Danielle believes this story exists to scare adults). The fable has a message for all of us: nothing is certain and you can’t always count on your golden eggs to keep coming. But if we’re supposed to avoid those feelings of fear and greed, how should we feel when investing? You want to strive for some feelings of normalcy and control, as Dustin put it. Take the “this is fine” meme of the dog sitting calmly in a room that’s on fire — “the meme of our times” as we talk about it in the episode. https://gph.is/2h8wI3B The dog knows what’s going on around him and accepts it. It’s fine. Everything’s fine. It’s a little extreme (and super funny) but that sense of calm and order is what you should aim for when investing. What You Need to Fight Fear and Greed So, how do you achieve calm and fight off those feelings of fear and greed? How do you find the eye in the middle of the storm? The first thing you need to do is acknowledge those emotions. Know they exist and accept them. You can’t get rid of those emotions and stop them from happening. But you can understand that they’ll pop up and rear their ugly heads once in awhile. If you can’t get rid of ‘em, have a plan to deal with ‘em. Build a solid portfolio or investment strategy that will last you through those times of fear and greed. They should also last you through the good times, too! We can easily become overconfident when things are going well and make some not-so-great decisions. The point is, your portfolio or financial strategy should be strong enough to weather the good times and the bad. And it should be so strong that you don’t feel the need to obsess or check on your investments every day. Finally — and we’re not just saying this because we’re in the financial planning biz ourselves — hire a trusted advisor to help you. A good financial advisor will basically act as your babysitter. They’ll hold your hand when things get rough and talk to you down from the ledge. And those times when things are going a little too well? They’ll keep you grounded and give you a reality check when you need it. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED Warren Buffett’s quote on investing, seen in action The Goose and the Golden Egg Dollar-Cost Averaging in Episode 17 The Bucket Strategy in Episode 103 “Putting a value on your value” the Vanguard study The Toujours Planning Quiz — Are we a good fit for your financial planning needs?

How to Build a Side Hustle Empire with Nicaila Matthews Okome

Play Episode Listen Later Feb 18, 2020 38:47

It's a fact, side hustling has been around for centuries. Whether it’s investing in real estate or building a business or flipping houses there are a ton of ways to side hustle. The idea of making extra or passive income is in fact one of the key pillars of wealth building. So the side hustle is here to stay.The trick is to figure out how to make money with your side hustle. Enter Nicaila Matthews Okome. You may know her as the host of the Side Hustle Pro podcast or her course Podcast Moguls. In this episode, Nicaila is sharing her secrets to build a side hustle empire.What You'll LearnHow to make money with your side hustleSide hustle secretsNicaila's story of side hustling her way into a top-rated podcast and businessWhy some side hustles failHow to find the right side hustle for youLinksSide Hustle Pro podcastPodcast Moguls courseHow to Easily Create a BudgetBudget the Right Way episodeBudgeting Sucks, No One Has a Plan, But You Can episodeGet a Life You Love on a Budget You Can Afford episodeSUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!Go behind the scenes of the podcast and sign up for our free monthly emails.Ask ShannahHave an Ask Shannah question, submit it hereGet SocialShannah on TwitterShannah on Instagram

money entrepreneur travel lifestyle entrepreneurship plan budget millennials fail empire side hustles career advice life you love businesswhy it's free what you'll learn side hustle pro nicaila matthews okome nicaila

103: How to Prioritize Saving for Now, the Future, and In-Between

strategy planning focus investing saving reaching fill trick reviewing prioritize hoping accounts bucket mickey mouse props fantasia roth ira roth iras what you'll learn

Play Episode Listen Later Feb 11, 2020 28:31

What’s the most important part of your financial strategy? Creating an emergency fund? Saving and investing? Understanding what money goals you need to set for your priorities? Trick question, it’s kind of all three. In this week’s episode, we’re revisiting an old friend who you may have heard a lot about on this show: the bucket strategy. That’s right, folks. But this time, we’re paying special attention to the middle child of the strategy, the intermediate-term bucket. We talk about why you may have been neglecting that middle bucket, as well as how you should be using our bucket strategy overall, in this episode. WHAT YOU’LL LEARN [00:40] Why we’re diving into the intermediate-term bucket in this episode [05:22] Reviewing the bucket strategy [06:46] Accounts you might have for each bucket category [10:51] Why the focus is all on retirement [12:27] Why you might be neglecting your intermediate bucket [13:29] The number one asset you have in investing (hint: we talk about it a lot) [14:25] Be the conductor of your own money (we get nostalgic for a minute) [16:17] Problems with the financial industry [19:49] How to make your bucket strategy work for you [23:11] Fill your buckets according to your priorities Accounts on your bucket list (pun intended) First up: let’s talk about the accounts you might use for each bucket. Remember that each “bucket” is a category, not an account itself. You may have multiple accounts to fill each bucket, and you need at least one account to start. Your short-term bucket includes money you need between now and the next two years. That might include your regular checking account and a separate emergency fund account, which should be three to six months of living expenses saved. On the other end of the strategy, you have your long-term bucket which you’ll use to save for retirement or revivement. This includes your retirement accounts: Roth IRAs, 401k, and so on. You may even have a separate investment account if you want to save more than the maximum in a retirement account, or if you’re planning to retire early. (More on that in a bit.) That leaves us with the intermediate-term bucket, which you’ll use for mid-range goals you hope to achieve in two to ten years. A down payment for a house, paying for college, or buying a new car are common mid-range goals. A lot of us don’t spend enough time tending to this bucket, probably because the focus in the finance industry and the media is all on savings and retirement in your long-term bucket. How to make your bucket strategy work for you The first step in your bucket strategy? Y’all know this: create an emergency fund with at least three months of living expenses. And at the same time, if you have a 401k, start getting your matching so you can get that free money! Reaching both of these goals is important for your first step. No 401k? No problem. Focus your energy on hitting that emergency fund amount as soon as possible, especially if you have kids. Next, you’ll want to pay some attention to the other two buckets. If you don’t have a 401k, you’ll want to start contributing to a long-term investment account. Planning on retiring traditionally around 60 to 65 years old? Begin contributing to an IRA or a Roth IRA. Hoping to buy a house within the next few years? Set aside money for your down payment. Look at your goals and budget, and decide where your money needs to go. Once you know, set up payments automatically so you don’t have to think about it. It’s just ready and waiting when the time comes. Let’s say you’re one of those cool kids who wants to enter retirement, or revivement, at a younger age. Props to you. To make that happen, you’ll want to contribute to an additional non-retirement account that doesn’t have any restrictions. Why? Without this account, you’ll have to pay penalties to dip into those retirement accounts early, when you’re ready to retire at 50 years old. And that’s no fun. Be the magic conductor Remember that scene in Fantasia where Mickey Mouse waves his magic wand and makes all the brooms start cleaning the castle for him? Mickey found a way to work smarter, not harder. That’s how your relationship with your money should be. You’re the conductor, and you’re in charge. Make your money work for you. It takes some time to set up at first, but once you do, you’re golden. Don’t miss out on that. Be Mickey. This material is for general information only and is not intended to provide specific advice or recommendations for any individual. RESOURCES & PEOPLE MENTIONED Where The Bucket Strategy all began: Episode 004 Where fears of the financial industry come from: Episode 102 Revivement revisited: Episode 65 The Toujours Planning Quiz — Are we a good fit for your financial planning needs? CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter

Chapter 47: Derek The Hype Man on gingers jumping for joy and justice

Play Episode Listen Later Feb 9, 2020 92:08

3 Books is a completely insane and totally epic 15-year-long quest to uncover the 1000 most formative books in the world. Each chapter is hosted live and in-person at the guest's preferred location by Neil Pasricha, New York Times bestselling author of The Book of Awesome and The Happiness Equation. Each chapter of 3 Books uncovers and discusses the three most formative books from one of the world's most inspiring people. Sample guests include: Judy Blume, David Sedaris, Chris Anderson of TED, and the world's greatest Uber driver. Each of the 333 chapters is dropped on the exact minute of every new moon and full moon until September 1, 2031. 3 Books is an Apple "Best Of" award-winning show as well as the world's only podcast by and for book lovers, writers, makers, sellers... and librarians. For more info check out: www.3books.co Derek Forgie was born in North Bay, Ontario. At the age of 17 he became the host and producer of his own television show, called Planet Skwirl on MTV, before becoming an activist and founding an organization called HSSE, Heterosexuals for Same-Sex Equality, with the slogan ‘straight not narrow.’ He was also recognized as a leading voice by the World Wildlife Foundation. Derek is a standup comic who has toured and presented to over 2000 audiences and has even been featured on NBC’s Last Comic Standing. He is a huge, passionate believer in so many cause and travels around on his own, going from school to school, to present environmental presentations called Eco-Allies, as well as anti-bullying presentations. He is also the founder of International Kiss a Ginger Day! Currently, you can find him entertaining and hyping up the in-studio audiences of CTV’s The Social, and when he’s not hyping up the crowd, you can catch him on the 10 Minute Talk Show, hosted by Derek. He lives in Toronto with his wife and daughter. Chapter Description: In chapter 47, I sit down with Derek The Hype Man, also known as Derek Forgie. Who is Derek Forgie? Well, as background, there’s a huge daytime talk show in Canada called The Social. (Some people say it’s similar to The View— a series of interesting women, talking about interesting issues of the day, in a really interesting way.) I’ve been lucky enough to have been a guest on The Social a number of times and have always noticed that it has an incredible chemistry and audience connection. And every single time I go on that TV show, I notice that there is this guy hanging around, an energy-packed red-headed guy, dressed really snazzily dressed in a vest and brightly colored shoes, and he is just working the audience like nobody’s business. Yes, he is … the hype man! This man is Derek Forgie. He stands on a little box, he cheers, he yells, he laughs, he gets everyone clapping. When you’re on The Social or when you watch The Social, you notice the audience basically, in Derek’s words, brings out their inner Jerry Springer. They cheer or they boo or they laugh or they clap after every point made on the show. As a guest it fills you with energy and what I feel is happening is Derek’s energy, the energy that erupts from this one guy, helps fill an audience, fill a set, fill the hosts, fill the guests, fill the TV show, and, of course, fill the millions of viewers watching on TV. Derek’s energy beams out of him like the sun! Every time I talk to him I get such a warm glow inside me. In addition to being a hype man Derek became the host and producer of his own television show, called Planet Skwirl on MTV, when he was 17 years old. He became an activist (you’ll hear why) and founded HSSE (Heterosexuals for Same-Sex Equality), with the slogan ‘straight not narrow’, and was also recognized as a leading voice by the World Wildlife Foundation. Derek is also a standup comic who’s toured and presented to over 2000 audiences and has been featured onNBC’s Last Comic Standing. And he currently hosts a great show called the 10 Minute Talk Show. Derek is a passionate believer in many causes and gives environmental and anti-bullying presentations in schools as well as — get this — even founding of International Kiss a Ginger Day! I was thrilled when Derek Forgie accepted my invitation to sit down in the green room of The Social, live in the CTV studios, and share his 3 most formative books with us. Let's go! WHAT YOU'LL LEARN: How does hate inflame and fuel purpose? How do we get comfortable embracing the unknown? How do we the energy to challenge social beliefs? How do we develop the strength of mind to change the negative stories in our heads? How do you think about changing the world … one day at a time? Leave us a voicemail. Your message may be included in a future episode: 1-833-READ-A-LOT. You can find show notes and more information by clicking here: https://www.3books.co/chapters/47 Sign up to receive podcast updates here: https://www.3books.co/email-list

EP77 Fanocracy: Turning fans into customers with David Meerman Scott

DYB Podcast

Play Episode Listen Later Feb 5, 2020 34:42

SUMMARY: This episode of the DYB Podcast is called "Fanocracy: Turning fans into customers with David Meerman Scott". Today, Steve Burnett and David sit down to discuss fandom culture and how any business can grow by cultivating a devoted and loyal group around fandom culture. David shares that showing your passions to your existing and potential customers is the key to creating a genuine human connection. In this way, you gain positive brand recall that makes you stand out from the crowd. He also shares 3 actionable tips that you can apply to your own painting business today. WHAT YOU'LL LEARN: 3 Strategies to Implement in Your Business Today to Build Fanocracy How Fanocracy Builds a True Human Connection and Why How One Contractor Built a $20 Million Business Utilizing Fanocracy QUOTES: 07:12 "Building fans is all about a true human connection. We spoke with neuroscientists to find out what's going on in our brains when we become a fan of something and it turns out all of us are hardwired in our DNA, in our ancient brains, to want to be part of a tribe of people, to be part of a group of people because that's when we feel safe." 08:16 “Passion is infectious-even if you don’t share the same passion. 09:05 "Here's what this means for painting contractors is, the more you can share what you love with your existing and your potential customers, the more they have an opportunity to bond with you as a human being, not just as a painter." 13:21 "The lesson here, I think, for painting contractors is... it doesn't have to be skateboarding obviously, it should be whatever you're passionate about. But show what you do in your off time. Show what you do in your life. Show perhaps what your family does. What do you do when you go on vacation? Show that on social networks, show that on your website." 17:34 "Everybody listening in here probably has something they love, whether it's a sports team they love or a hobby they have or some physical activity they love to do or whatever it is on their off time that, should you be able to showcase that, allows you to stand out from the crowd. And you're not just the painter. You're the painter who loves to birdwatch or whatever it is." 26:08 "I mentioned earlier the closer you get to someone, the more powerful the human connection. So video and photographs are very powerful if they're shot within about 4 feet away and you're looking directly at the camera and because our brain processes that, intellectually we know it's on a video or photograph, but our ancient brain, our subconscious brain, processes it as if you were right next to that person. Which is exactly why we feel we know movie stars because of mirror neurons." 27:27 Matt Risinger in Texas built his contracting business from zero to 20 million and he credits me completely with the advice to record videos from 3 feet away or less. He has more than ½ a million subscribers to his YouTuber channel. 30:39 "The [first thing] I would do right away is, number 1, take a look at your externally-facing website, your social media and make sure, number 1, that you're eliminating all the images and words that make you generic. If you're using stock photos of houses and buildings, you should be removing them. You should use real photos of buildings and houses that you've painted." 31:16 "I actually recommend going from third person that's talking like, “We are such and such a painting contractor and we operate in the Boston area, that kind of thing, to 'I'. I've been painting for the last 20 years. I've been running this business. My customers etc. Go from third person to first person." HIGHLIGHTS: 04:08 Create fans with a true human connection 10:08 Show what you love to your customers 15:03 Get attention: your passion makes you different 19:38 Avoiding politics and religion 21:25 Questions from the community 26:44 YouTube: make your audience know you 30:24 Top 3 steps to achieve Fanocracy LINKS & RESOURCES MENTIONED IN THIS EPISODE: Fanocracy.com David Meerman Scott: LinkedIn & Twitter Matt Risinger’s YouTube Channel ADDITIONAL FREE RESOURCES: Schedule Your Free Strategy Call With Steve Burnett Thank you very much for joining us today! If you received value, would you take a few seconds and leave us a review, please? Press and hold to visit the show notes page

texas business strategy coach growth passion building system turning dna press customers painting implement contractors david meerman scott what you'll learn matt risinger steve burnett

102: Net Worth is King