Podcasts about your financial future

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Play Episode Listen Later Oct 10, 2024 59:51

First Trust Securities gives us their take on the upcoming election, and why you should stay the course in your financial plan. Want to know what Warren Buffet, Bill Gates, and Michael Dell are investing in right now? We give you all the details of their current portfolios and so much more on this week's "Your Financial Future" Program.

Family Banking Formula & Whole Life Insurance

The Money Advantage Podcast

Play Episode Listen Later Sep 30, 2024 52:00

Securing generational wealth has never been more critical in today's rapidly evolving financial landscape. It's not just about safeguarding our financial future; it's about leaving behind a legacy that can provide security and opportunity for generations to come. In this episode, we dive into the Family Banking Formula concept on The Money Advantage podcast. The insights are empowering and transformative, and I'm excited to share them with you. https://www.youtube.com/live/FZTDxocCGwY We will guide you through the key strategies discussed in the podcast, from the concept of the family banking formula to the strategic use of whole life insurance. My goal is to equip you with the knowledge and motivation to take control of your financial future, ensuring that you not only secure wealth for yourself but also create a lasting legacy for your family. The Power of the Family Banking Formula: Building a Financial LegacyGenerational Wealth Through Whole Life Insurance: A Strategic AssetPersonal Banking Within the Family: Creating a Private Financial EcosystemThe Mechanics of the Family Banking Formula: How It WorksLeveraging Life Insurance for High-Net-Worth Wealth BuildingStability and Risk Management: The Strength of Insurance CompaniesTake Control of Your Financial Future with the Family Banking Formula The Power of the Family Banking Formula: Building a Financial Legacy The core idea behind the family banking formula is to take control of the banking function in your life instead of relying on traditional banks. We use specially designed whole life insurance policies to manage our family bank. At the heart of how we have personally implemented this concept is the Infinite Banking Concept (IBC), which is a strategy that allows individuals to become their own bankers. One of the key benefits of family banking is the ability to pool resources within the family. Imagine a system where you and your family members can borrow money from the family bank to fund various endeavors, whether it's starting a business, paying for education, or purchasing a home. By doing this, you keep the wealth within the family, allowing it to grow through uninterrupted compound interest. This approach not only benefits you and your immediate family but also sets up future generations for financial success. Successful family banking isn't just about having the right financial structures in place—it's about adopting the right mindset, teaching future generations financial literacy, and providing accountability and mentorship, which are crucial for making the most of family banking. Family banking offers unparalleled access to liquidity, better returns, and reduced taxes. But more importantly, it fosters a mindset that views the family as a cohesive financial unit and promotes long-term financial independence. Imagine your family as a corporation, where each member plays a crucial role in building and maintaining financial health. By pooling resources and making strategic decisions together, your family can achieve financial goals that might seem out of reach if tackled individually. This approach strengthens family ties and lays the groundwork for a legacy of wealth, value creation, and financial literacy that can be passed down through generations. This fits well with the definition of legacy in my book Seven Generations Legacy: Design a Multigenerational Legacy of More Than Money. The definition is: “The character, values, and financial means to live life on your terms that are modeled, taught, stewarded, and given from one generation to the next.” To take it one step further, a perpetual legacy is family wealth and flourishing that grows with each successive generation. Generational Wealth Through Whole Life Insurance: A Strategic Asset One of the podcast's most impactful revelations is the strategic use of whole life insurance to build and preserve generational wealth. Unlike term life insurance,

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BONUS: Retirement Planning Essentials with Justin Bates

Leaders Of The West

Play Episode Listen Later Sep 5, 2024 31:14

We are kicking off our bonus episode series about what you need to know about finance to set you, your family, and your business up for success! Justin Bates is joining me throughout this series to give us the information needed to begin thinking about finances and to make more educated financial decisions. Today, we are diving into retirement planning essentials. Thinking about and planning for retirement can seem daunting and many of us don't know where to begin. Justin is sharing some tips on making the most of your 401k, who should have an IRA, and where to begin with retirement savings for those who are self-employed. We also discuss the importance of comprehensive financial planning and diversifying your investments. If you are overwhelmed by financial planning, remember it doesn't have to be daunting and you can take simple, proactive steps toward securing your financial future. Listen to Episode 66: Welcome to Your Financial Future with Justin Bates of Boots Financial Resources & Links: Join The Directory Of The West Get our FREE resource for Writing a Strong Job Description Get our FREE resource for Making the Most of Your Internship Email us at hello@ofthewest.co Join the Of The West Email List List your jobs on Of The West Connect with Justin: Call Strategic Financial at (417) 823-3810 Check out his website Email him at jbates@thestrategicfinancial.com Follow him on Instagram @jbates_sf : Connect with Jessie: Follow on Instagram @ofthewest.co and @mrsjjarv Follow on Facebook @jobsofthewest Check out the Of The West website Be sure to subscribe/follow the show so you never miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Are You Winning the Wrong Game? True Wealth is Time and Freedom - Dustin Burleson: Ep #498

The Dentist Freedom Blueprint

Play Episode Listen Later Aug 30, 2024 31:49

How much is enough? Have you ever sat down and truly considered what would be enough for you? Founder and CEO of Burleson Seminars, Dustin Burleson, joins the conversation today to discuss this vital aspect of our careers that can determine the longevity and enjoyment of our lives. Listen in to learn how important it is to be intentional, understand your why, and make sure you're not just checking societal boxes. Check out the show notes for more information! If you like this episode, here are more episodes we think you'll enjoy: Ted Oakley: The White Collar Recession - How to Preserve Wealth in Uncertain Times - Ep 495 Alastair Macdonald: Circumventing Economic Crises and the Pursuit of Wisdom - Ep 493 Frances Stacy: Investor Alert! Navigating Market Turbulence – What You Don't Know May be Harmful to Your Financial Future! - Ep 490 P.S. Whenever you're ready, here are some other ways I can help fast track you to your Freedom goal (you're closer than you think) : 1. Schedule a Call with My Team: If you'd like to replace the earned income you need from your practice with investment income in as little as 2-3 years, and you have at least 1M in available capital (can include equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you'll have the opportunity to attend one of our upcoming member events as a guest. 2. Become a Full-Cycle Investor: There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they're about to learn the hard way what others have gained through “expensive” experience. I'm offering a report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up markets and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here. 3. Get Your Free Retirement Scorecard: Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.

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Achieving Freedom Before You Die on the Hamster Wheel - The Conventional Models are Upside Down - Scott Manning: Ep #497

The Dentist Freedom Blueprint

Play Episode Listen Later Aug 23, 2024 47:05

Time and profitability are key components to doing dentistry on your own terms. Scott Manning joins the show today to talk about the importance of rethinking conventional dentistry models and how you can turn limitations into assets in your practice. A valuable mentor and cohort of mine, Scott has valuable insight into the dentistry industry that you don't want to miss! Check out the show notes for more information! If you like this episode, here are more episodes we think you'll enjoy: Ted Oakley: The White Collar Recession - How to Preserve Wealth in Uncertain Times - Ep 495 Alastair Macdonald: Circumventing Economic Crises and the Pursuit of Wisdom - Ep 493 Frances Stacy: Investor Alert! Navigating Market Turbulence – What You Don't Know May be Harmful to Your Financial Future! - Ep 490 P.S. Whenever you're ready, here are some other ways I can help fast track you to your Freedom goal (you're closer than you think) : 1. Schedule a Call with My Team: If you'd like to replace the earned income you need from your practice with investment income in as little as 2-3 years, and you have at least 1M in available capital (can include equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you'll have the opportunity to attend one of our upcoming member events as a guest. 2. Become a Full-Cycle Investor: There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they're about to learn the hard way what others have gained through “expensive” experience. I'm offering a report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up markets and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here. 3. Get Your Free Retirement Scorecard: Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.

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Rodrigo Cuesta: From multi-million acquisition to all-in on Bitcoin | BFM067

Bitcoin for Millennials

Play Episode Listen Later Jul 25, 2024 90:10

Rodrigo Cuesta is a Medical Doctor and Surgeon who could not find a good job despite having a great CV. This led him to entrepreneurship and he founded his first company in Telehealth. He sold that and blew 50% of the money trying to invest in different things with leverage. The rest of the money was invested in a venture studio that also got acquired. All of that reward was converted into Bitcoin and Rodrigo never looked back. He stopped being a speculator and is now following a low-risk strategy to accumulate more Bitcoin. → Follow Rodrigo on https://twitter.com/Roxqsta

Exiting Practice on Your Own Terms - Martin & Debra Crombie: Ep #491

The Dentist Freedom Blueprint

Play Episode Listen Later Jul 12, 2024 31:23

Today, I'm joined by Drs. Martin and Debra Crombie to discuss their success in selling their practice and how they are developing their skills to invest their capital. They share how they overcame the anxiety of an uncertain financial future and their discovery of a path to financial freedom through the Freedom Founders community. Check out the show notes for more information! If you like this episode, here are more episodes we think you'll enjoy: Investor Alert! Navigating Market Turbulence – What You Don't Know May be Harmful to Your Financial Future! – Frances Stacy: Ep #490 Deciding Whether to Sell—and How to Sell – Perrin DesPortes: Ep #486 What's Next? – Life After Exiting Clinical Practice – Daniel Sage: Ep #484 P.S. Whenever you're ready, here are some other ways I can help fast track you to your Freedom goal (you're closer than you think) : 1. Schedule a Call with My Team: If you'd like to replace the earned income you need from your practice with investment income in as little as 2-3 years, and you have at least 1M in available capital (can include equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you'll have the opportunity to attend one of our upcoming member events as a guest. 2. Become a Full-Cycle Investor: There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they're about to learn the hard way what others have gained through “expensive” experience. I'm offering a report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up markets and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here. 3. Get Your Free Retirement Scorecard: Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.

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5 Bank On Yourself Professionals Share Why They Do What They Do

Grandma's Wealth Wisdom

Play Episode Listen Later Jul 10, 2024 36:23 Transcription Available

What's better than two Bank On Yourself Professionals helping you understand financial freedom? Obviously, it's FIVE of them to learn from. Brandon, Ben, Sarry, Chris, and Ryan are here to tell us how they achieved financial freedom and why they want to help you get there too. This candid conversation helps you understand the importance of generational wealth, how to create a financial foundation that isn't volatile, and the impact of financial education. These five professionals are sharing with you their unique stories and how they can help you achieve long-lasting financial security. 00:00 Introduction: Discovering Your Passion and Purpose 00:38 Background: The Journey of Banking Yourself Professionals 02:53 Podcast Welcome: Wealth Wisdom Financial 03:52 Infinite Banking: Building a Solid Financial Foundation 05:08 Guest Insights: Why We Bank on Yourself 13:13 Generational Wealth: The Long-Term Impact 18:02 Faith and Finance: A Spiritual Perspective 27:42 Closing Thoughts: Taking Control of Your Financial Future 33:17 Final Call to Action: Schedule Your Discovery Call Links mentioned in the episode: Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available) Watch on YouTube here: https://youtu.be/aMtCUYRvs6I

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So Rude Podcast Turns 4!

So Rude

Play Episode Listen Later Jul 9, 2024 3:51

Join us as we celebrate four years of unabashed conversations, laughs, and deep dives into the most 'so rude' topics! From our humble beginnings to where we are now, this special episode is a tribute to our incredible listeners and guests who've made this journey unforgettable. Expect reminiscing, top tier early catalog call outs, and some never-before-heard stories from behind the mic. Whether you're a long-time fan or just discovering us, come party with us as we mark this milestone in true 'so rude' style! Episodes Mentioned: Episode 1 - How to Make a Change in 3 Easy Steps Episode 11 - What You Should Be Doing NOW to Prepare for Your Financial Future feat. Richard Jakotowicz Jr Episode 58 - Consistency Beats Motivation Every Single Time The So Rude Podcast releases weekly episodes on Tuesdays hosted by Paige Ruderman. Follow along to hear about music, Nashville, songwriting, and more. Socials Instagram -⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠@sorude.podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok - @sorude.podcast Email - sorudepod@gmail.com Website -⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠paigeruderman.com

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Ep. 3 - The Relationship Between Time & Money

Money On My Mind

Play Episode Listen Later Apr 6, 2024 15:33

This conversation explores the relationship between time and money and how they impact our lives. The host emphasizes the importance of understanding this relationship and how it can lead to a better and more fulfilled life. The chapters cover topics such as the role of time in wealth building, the implication of time in our financial future, maximizing money and understanding life's purpose, using money to gain more time, overcoming scarcity mindset, investing in oneself, the power of mentorship, and changing mindset to spend money wisely. Takeaways Time is a crucial factor in wealth building, with compound interest over a long period being the key to significant growth. Maximizing money should not be the sole focus; it is important to have a clear goal and purpose for financial success. Using money to gain more time can lead to a more fulfilled life. Overcoming scarcity mindset and investing in oneself is essential for financial growth. Mentorship can provide valuable insights and accelerate one's journey to success. Changing mindset to view money as a tool for gaining time can lead to a more prosperous and fulfilling life. Chapters: 00:00The Importance of Time and Money 02:05The Role of Time in Wealth Building 04:09The Implication of Time in Your Financial Future 06:01Maximizing Money and Understanding Life's Purpose 07:27Using Money to Gain More Time 08:24Overcoming Scarcity Mindset and Investing in Yourself 11:20The Power of Mentorship 12:44Changing Mindset and Spending Money Wisely 15:08Spend Money to Get More Time Back

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Maximizing the Value of Your Business with Pat Renn

Small Business Matters

Play Episode Listen Later Mar 26, 2024 31:07

Pat Renn is a financial professional who has been cited in ABC, NBC, FOX, and CBS for his work in wealth management. A CERTIFIED FINANCIAL PLANNER™ with over 35 years of financial counseling experience, he is also the president and founder of The Renn Wealth Management Group. Pat once served as president of both the Georgia Society of the Institute of Certified Financial Planners and the Georgia chapter of the International Association for Financial Planning. A published author as well, Pat has written two books, Finding Your Money's Greater Purpose, and most recently, Your Financial Future and Legacy. He was born in Greece and moved with his family to the U.S. when he was 10 years old. Today Pat resides in metro Atlanta and is married with two sons. In his leisure time, he enjoys traveling, golfing, fly fishing, and wing shooting. Show Notes: In this episode, financial planner and successful small business owner Pat Renn joins our hosts for an informative discussion on succession planning. Pat shares insights on this important process and why many small business owners find it easier to get into business than it is to get out of it. Pat talks about the need to begin planning for your exit sooner rather than later, why many small business owners are choosing to work longer, the role shared values play in his hiring process, and how leaders need to set the pace. Tune in to learn how to maximize the value of your business, how to begin the succession planning process, and a little bit about wing shooting. Episode Highlights: • What Matters to Small Business [0:03:40] • Blind Spots [0:05:10] • The Continuity Plan [0:06:17] • Identifying Your Successor [0:07:39] • The Planning Process [0:09:39] • Current Trends [0:12:19] • Success vs. Failure [0:13:54] • A Collaborative Process [0:17:29] • Role of a Leader [0:20:08] • Rapid Fire [0:21:52] • Contact Information [0:26:31] • Takeaways [0:27:37] • SBM Announcements [0:29:35]

Timing The Market, Inflation And The Importance Of Exit Planning

Retire With Integrity Podcast with Brian Bowen

Play Episode Listen Later Feb 8, 2024 27:15

In this episode, Brian Bowen and Brett Sharp discuss the futility of trying to time the market and the importance of investing in a recession-resistant portfolio. They highlight the concept of the all-weather portfolio, which aims to provide steady returns with lower risk. The conversation then shifts to the Federal Reserve's role in evaluating inflation and the potential for rate cuts. Brian emphasizes the need for individuals to take control of their financial future and not rely solely on market timing. Also, if you're a business owner don't miss Brian's take on the importance of exit planning. 00:30 Is it Possible to Time the Market? 03:24 Investing in a Recession-Resistant Portfolio 06:12 The All-Weather Portfolio 09:35 The Ineffectiveness of Timing the Market 10:30 The Federal Reserve and Inflation 13:41 Taking Control of Your Financial Future 15:38 Understanding Personal and Enterprise Goodwill 19:47 The Importance of Enterprise Goodwill 23:31 Building and Growing Your Business 24:46 Preparing for an Exit

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EP320 Financial Fitness Lessons from Super Bowl LVIII

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Play Episode Listen Later Feb 6, 2024 12:01

What can Super Bowl LVIII teach us about financial fitness? In this episode, I dive into wisdom we can take away from the year's biggest game and explore how stars like Taylor Swift and Usher, along with the athletes' inspiring stories, reveal crucial financial strategies. Listen in as I analyze the perseverance and disciplined approaches of NFL players and entertainers, showing how their journeys mirror essential financial principles. You'll hear actionable insights for achieving financial wellness and learn the significance of dedication to long-term goals and resilience. "In the same way that athletes and performers dedicate themselves to their craft, achieving financial fitness requires discipline, planning, and the courage to pursue long-term goals over instant gratification.” - Tracey Bissett This Week on Young Money: Extracting financial lessons from the spectacle and spirit of Super Bowl LVIII. The impact of celebrity influence on financial decisions, with a spotlight on Taylor Swift and Usher. The disciplined journey to success: insights from the NFL's finest and musical icons. Strategies for setting, pursuing, and achieving your financial goals with resilience. Key takeaways: Vision and perseverance are key when it comes to achieving financial fitness. Navigate your financial future with support and guidance. There are no shortcuts to success—discipline is the path to victory. Resources Mentioned: EP017 Super Bowl's Musical Talent - Justin Timberlake & Lady Gaga EP067 5 Financial Lessons Learned from Maroon 5 EP090 3 Financial Fitness Lessons from Rihanna & Jay-Z EP101 How to Take Control of Your Financial Future like Taylor Swift EP123 3 Financial Fitness Lessons from Jennifer Lopez and Shakira EP179 Milli Moves: Bitcoin – Investing or Gambling? EP231 Back to Basics EP232 Financial Lessons from Hip Hop at the Super Bowl EP280 Sports Betting: Gambling or Entertainment? EP281 Financial Fitness Lessons from Rihanna EP301 Will Swifties Save or Sink into Debt Rate, Share & Inspire Other Young Millionaires-in-the-Making Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media! Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Ten Essential Questions to Ask About Money and Lifestyle with Dorian Mintzer and Holly P. Thomas

Revolutionize Your Retirement Radio

Play Episode Listen Later Oct 24, 2023 55:59

Lifestyle and money intersect at almost every turn, and they are the things that make us happy. Holly P. Thomas - behavioral economist, personal CFO, and author of The Mindful Money Mentality: How to Find Balance in Your Financial Future- will explore ten essential questions about whether money and lifestyle choices can make us happy and keep us happy.During this episode, you will:Gain greater insight into the relationship between lifestyle and money;Learn strategies for mapping our lifestyle goals to our money goals;Walk away with the basic pillars of a plan to take charge of your life and your money now and through retirement;Learn how to get help if you need it.About Holly P. Thomas (now Holly Donaldson):Holly Thomas has been a featured speaker on behavioral finance, economics, and the banking system in diverse venues, from college classes to large groups of business owners. She has developed instruction courses at the university level and as CE for CPAs.In 2006, based on her experience gained over 20 years as a corporate and private banker, Holly concluded that small business owners and successful executives often have substantial unmet needs for integrated personal and business financial plans. Holly has built her practice around providing these clients with sophisticated financial planning and access to professionals who implement this integration.Holly has enjoyed volunteering as an Advisory Board member of the Tampa Independent Business Alliance and Junior Achievement, chairing the local United Way's Audit Committee, and speaking on behalf of LifePath Hospice. Holly is a 2001 Leadership Tampa graduate and was chair of the NAPFA Leadership Development Committee and NAPFA South Regional Board.Get in touch with Holly P. Thomas (now Holly Donaldson):Visit Holly's website: https://www.hollydonaldsonfinancialplanner.com/ Buy Holly's book: https://revolutionizeretirement.com/thomas What to do next: Click to grab our free guide, 10 Key Issues to Consider as You Explore Your Retirement Transition Please leave a review at Apple Podcasts. Join our Revolutionize Your Retirement group on Facebook.

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"Your Financial Future" with Nick Colarossi of NJC Investments 10/21/2023

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Play Episode Listen Later Oct 21, 2023 59:51

Defensive portfolio options and Covered Call Strategies are reviewed this week on the "Your Financial Future" program, with Nick Colarossi. We also cover the top 25 performing stocks in the S & P 500 in 2023

Are You Worried about Your Financial Future? (Replay)

Winning with the Word

Play Episode Listen Later Jun 12, 2023 7:14

WINNING WITH THE WORD “Winning with the Word” is a weekly blog that will help you to be a winner in life by applying God's principles for living the abundant life as found in the Bible, God's manual for life. An invitation for you: To subscribe to this blog, click here. To subscribe to this podcast, click here. If this blog and podcast have blessed you, please encourage your family and friends to subscribe as well. Thank you! Be sure to check out our Featured Book of the Week at the end of this post. ______________________________________ Do you prefer listening instead of reading? Then click below to listen to today's blog post on podcast. https://media.blubrry.com/winning_with_the_word/content.blubrry.com/winning_with_the_word/Are_You_Worried_about_Your_Financial_Future_.mp3 _________________________________________ Hello and Happy Day! This is Dr. MaryAnn Diorio, novelist and life coach, welcoming you to another episode of Winning with the Word. Today is Monday, June 12, 2023. Today's episode will be a replay of a podcast I did on November 14, 2022 titled "Are You Worried about Your Financial Future?" _________________________________________ Originally published and broadcast on Monday, November 14, 2022 . . . If you've had your eyes open at all, you know about the predicted food shortages and famines, the projected stock market crash, and the move toward a digital world currency. All of these ominous events are causing great anxiety among the world population. Already I've read that some families here in America have reduced their daily meals to two a day instead of the usual three. Drought has ruined many crops throughout the world, and, if things don't change, the world is heading to famine. But today I'd like to encourage you not to be anxious nor to fear, I'm going to share with you some promises from God for His children. (If you are not His child, then listen closely so you can become His child and receive these benefits as well.) The world is fast heading into a time period that the Bible calls "the time of Jacob's trouble" (Jeremiah 30: 7). This will be a seven-year time period, also known as the Tribulation, during which God will judge the Jews for rejecting the Messiah. The Book of Revelation speaks extensively of the time of Jacob's trouble. During this time, there will be widespread famine. The fact that we are witnessing the approach of global famine now means that the Tribulation is not far off, and the return of Jesus is even closer. The Bible tells us that Jesus will return to remove His followers from the earth before the Tribulation. He said that when we see all these things converging—wars, rumors of wars, increase in the number and intensity of earthquakes, violent storms, and food shortages—we can know that His return is imminent. So, what can you do? 1. The most important thing you need to do is to get born again if you are not yet born again. What does the term "born again" mean? It means to accept Jesus Christ as your Savior and Lord so that you can experience the new birth He died to give you. You see, when we were born physically into this world, we received a fallen, corrupted spirit that separated us from God. Jesus wants to give us a new spirit that connects us back to God. Jesus died and paid the price for the sin that caused our corrupted spirits in the first place and, in exchange, He gives us eternal life. So, the first order of business is to get born again. Do it now! How? 1. Acknowledge before God that you are a sinner. 2. Repent of your sin. This means turn away from it and go in the opposite direction. 3. Receive Jesus into your heart by asking Him to come in. Once you do these three things, you become a child of God (John 1: 12). And as His child, You become eligible for His blessings. One of His blessings includes financial provision. He promises in Philippians 4: 19 that He will supply all your need. This means that He will provide everything you need because yo...

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125: Unlocking the Power of Self-Directed IRAs with John Bowens

Real Estate Runway

Play Episode Listen Later May 25, 2023 44:00

John Bowens from Equity Trust Company, one of the nation's largest providers of self-directed IRAs and solo 401ks, joins Chad on the Real Estate Runway Podcast to discuss how to get started investing in alternative assets through a self-directed IRA. John Bowens is one of the most sought-after and respected educators in the self-directed IRA industry. As Director, Head of Education, and Investor Success at Equity Trust Company, John draws from his 20 years in the real estate industry and his experience as an active real estate investor. Learn about the process for investing in self-directed IRAs, the tax implications you need to be aware of, and how to transfer money into an Equity Trust IRA without incurring any taxes or penalties. This episode provides essential information for anyone looking to make use of self-directed IRAs in their investment portfolio. Tune in now for all the details! Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL! LinkedIn: /TeamQuattroCapital Instagram: @TeamQuattroCapital Facebook: @TeamQuattroCapital Website: www.TheQuattroWay.com TikTok:@realestaterunwaypodcast [00:00 - 07:16] Introducing John Bowens of Equity Trust Company • Equity Trust Company is one of the largest providers of self-directed IRAs and solo 401ks • John Bowens has been in the real estate industry for 20 years and has trained over 60,000 investors • Self-directed IRAs allow individuals to invest in real estate, gold, private equity, hedge funds, cryptocurrency, and more • Individuals can move their existing retirement accounts from prior employers or qualified plans into self-directed IRAs to gain control over their money [07:16 - 14:03] Taking Control of Your Financial Future with a Self-Directed IRA or Solo 401K • Rolling over or transferring money from one financial institution to another does not create any taxes or penalties • Self-directed IRA is the first step of the three-step process to invest in private market investments • No taxes or penalties when investing in a private asset, such as buying a property with IRA money • Rental income and expenses are paid with IRA funds; no tax reporting is necessary when selling the property • Most financial institutions do not allow alternative investments in IRAs • Some financial advisors may discourage investing in alternative assets [14:04 - 21:16] Rules, Disqualified Persons, and Prohibited Transactions Explanation • Equity Trust is just another member of your financial team, a tool in your toolbox • The Internal Revenue Code 4975 tells us what we can't invest in with our IRA, not what we can invest in • Disqualified persons include yourself, your spouse, any businesses you own and operate, and your children and grandchildren. • Transactions include buying, selling, leasing, or exchanging any property. [21:16 - 28:36] Prohibited Transactions: What You Need to Know About Investing With Disqualified Persons • It is not possible to move a property or interest in an LLC into an IRA • Taking money from an IRA and loaning it to oneself, spouse, or children is prohibited • Investors can take IRA money and buy a new property, rent it out, and have cash flow coming back in • Investors can take their IRA money and loan it to a real estate flipper as long as they are not a disqualified person • Transactions with disqualified persons must be done proportionally [28:36 - 36:25] Understanding Unrelated Business Income Tax (UBI or UDFI) for Real Estate Investments • Equity Trust Company custodian FBO is in for the benefit of the client's name or account number IRA is the titling that will be seen on public records • Unrelated Business Income Tax (UBI) applies to tax exempt entities, including IRAs and other tax exempt entities • UBI occurs when an IRA is investing in an ongoing trader business or borrowing money to acquire real estate • UBI can be as high as 37% for income over 13,400 in 2023. [36:25 - 45:56] Unlocking the Power of Self-Directed IRAs • Self-directed IRA investments can provide tax shelter and the potential for higher returns. • Equity Trust does not give tax, legal or financial advice but prepares 990Ts to take advantage of carry forward losses. • John's superpower is adult education and financial education. • His biggest mistake is falling victim to analysis paralysis and missing out on good opportunities. • Equity Trust provides white glove service, educational content, webinars, reports and guides. Quotes: "And so you have to Learn more about that. You have to do your own due diligence and make a decision on where and how you wanna invest and what percentage of your retirement portfolio you wanna allocate to these private market investments like real estate partnerships or other types of alternative investments." - John Bowens "Sometimes it's okay to pay a little bit of a price today so that we can pay any price in the future because going forward, maybe you find that you can get involved in other real estate investments or other opportunities that don't require debt leverage." - John Bowens Connect with John through LinkedIn, or visit Equity Trust LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how Team Quattro can help you by visiting www.TheQuattroWay.com. Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life and maximize wealth! Click here to find out more about the host, Chad Sutton. Nectar: https://app.usenectar.com/quattro-capital Entity Keeper: Join the EntityKeeper community today to simplify the way you manage your entities and org charts while reducing manual errors. Easily organize corporate data, visualize ownership structures, store unlimited documents, and manage important filing dates with one secure solution. Click here to start simplifying your entity management with EntityKeeper now!

Taking Control of Your Financial Future with Esther Kuznetz

Women We Should Know

Play Episode Listen Later Apr 28, 2023 37:08

Taking Control of Your Financial Future with Esther Kuznetz

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Unlock Financial Freedom with Expert Advice from a Seasoned Finance Pro

InvestorKit Podcast

Play Episode Listen Later Apr 25, 2023 27:39

Ready to break the cycle of financial struggle and discover true financial freedom? Take control of your finances by unlocking the power of personalized financial advice from a highly qualified and experienced financial planning professional. Make smart decisions armed with expert insights that could lead to improved security, greater comfort and satisfaction in managing personal wealth. With a wealth of experience under his belt, Chris invites you to join him on this episode and learn how he can empower your financial future. Hear the advice that has helped others get through life's struggles while also understanding why protecting yourself is key when investing- even in times of uncertainty. He also discusses tax strategies that can help minimize your tax and grow your wealth, so you can make the most of your hard-earned money. Reap the rewards from long-term investments with guidance from an expert who knows exactly what strategies will break out in retirement planning. Join Chris from SMI Financial Solutions as he shares his wealth-building journey, success, and the world of protection. Don't miss out on this opportunity to take control of your financial future! Episode Highlights: Welcome to Investor Kit Podcast [0:00] A Financial Planner's Approach to Investing and Wealth Building [2:49] Expecting the Unexpected: The Reality of Long-Term Investing [5:25] Protecting Your Family's Future: Lessons from Chris' Cancer Battle [7:47] When to Consider Protection for Your Financial Future [10:27] The Importance of Having a Plan in Place [12:29] How to Cope with the Initial Shock of a Cancer Diagnosis [14:41] Financial Planning in the Modern Age: Advice, Goals, and Solutions [17:36] From Debt to Legacy: Mapping Out Your Retirement Plan [20:19] Minimize Your Tax and Grow Your Wealth: Tax Strategies to Boost Your Finances [22:33] The Power of Time: Building Your Ideal Retirement Plan Now [24:57] About Our Guests: Chris Smith is a financial planning powerhouse with two decades of experience in the industry. He has all you need to be your guide through the complex world of finance. As a renowned strategist, Chris utilizes clear language so that everyone can benefit from his extensive knowledge and understanding. At SMI Financial Solutions he offers streamlined solutions for individualized needs - reducing time spent worrying about finances as well as saving money! Unlock maximum potential with an expert's help today; put yourself on track for long-term success & security with Chris at your side. Connect with InvestorKit: Website: https://www.investorkit.com.au/ Send your questions to: arjun@investorkit.com.au Follow us on Facebook: https://www.facebook.com/InvestorKit/ Follow us on Instagram: https://www.instagram.com/investorkit.com.au/ Subscribe to our Youtube Channel: https://www.youtube.com/@investorkit3615 Connect with us on LinkedIn: https://www.linkedin.com/company/investorkit/ Connect with Christopher Smith: Website:https://www.smifinancialsolutions.com.au/ LinkedIn: https://www.linkedin.com/in/christopher-smith-at-smi/See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.

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Renew for Resilience: Rejuvenate Your Financial Wellness with Mary Ashby

Live Like Your Nail Color Podcast with Mary Foley

Play Episode Listen Later Apr 21, 2023 51:50

Quick question: On a scale of 1 to 10 with 10 being amazing, how would you rate your personal financial well-being right now? Now imagine if that number were higher. How would that impact your personal resilience as the economy and stock market inevitably rises and falls? What kind of mindset around money would help kick doubts and fears about funding your personal dreams to the curb?It's my observation that we gals definitely want financial security and freedom, but we tend to avoid and postpone giving real attention to our financial life. My hope is that by the end of today's podcast, you are newly inspired to kick your hesitations to the curb and spring some new life into your financial well-being. To help us do that is my gal pal Mary Ashby. When Mary and her husband Rob were in their 30s they were two state employees with two small kids barely making ends meet. I bet they would have rated their financial well-being a two!Today Mary is a Regional Vice President and Investment Adviser Representative with Primerica Advisors. She calls her approach “Your Money GPS — Helping Grow, Protect and Save for Your Financial Future.” What I really appreciate about her is that she makes figuring out your financial well-being practical, attainable, and even fun! In this episode, we talk about:What financial wellness means to womenUsing money as a toolFinancial speedbumps women facePractical actions to improve financial wellnessHere's a glance:[6:05] Mary is a Naked Nelly but has an inner Solid Sister just waiting to come out boasting all the colors of a rainbow.[8:48] Creating a plan that meets your financial goals is the first step in Mary's Your Money GPS approach. [11:20] What women care about most when it comes to financial well-being. [18:11] Common misunderstandings and speed bumps women experience about money and their financial life. [25:04] Practical actions women can take to improve their financial well-being in the next 30 days.[35:57] What you can do to prepare for the ebbs and flows of your personal finances.[40:48] Mary shares three mindset changes women can make around money. [45:54] Mary's nail color that would rejuvenate our financial well-being is On Track.[48:37] In the Flip the Chip segment Mary highlights the practical list of suggestions that can change your financial future in just 30-days. Shareables:“Give yourself some grace and know that modifications are a good thing to achieving your goals.” — Mary Ashby on @livelikeyournailcolor“Women use more conservative investment approaches. Over the long term it can be a drag on their overall accumulation of wealth.” — Mary Ashby on @livelikeyournailcolor“You don't want to go it alone. It is critical to have a knowledgeable trusted person in your corner.” — Mary Ashby on @livelikeyournailcolor“Remember, it is really time in the market, not timing the market that counts.” — Mary Ashby on @livelikeyournailcolorDiscover more about Mary: primerica.com/MaryAshbymaryashby.com/mashby@primerica.com For more inspiration and fun: Take the quiz and discover your nail color persona: mynailcolorpersona.comRate, Review, & Follow on Apple Podcasts —“Mary and the Live Like Your Nail Color podcast is inspiring and fun!”

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Taking Control of Your Financial Future for You and Your Business │Ep: 259 Mark Willis

CHARGE Podcast

Play Episode Listen Later Jan 2, 2023 26:16

Taking Control of Your Financial Future for You and Your Business Mark Willis is a man on a mission to help you think differently about your money, your economy and your future. After graduating with six figures of student loan debt and discovering a way to turn his debt into real wealth as he watched everybody lose their retirement savings and home equity in 2008, he knew that he needed to find a more predictable way to meet his financial objectives and those of his clients. Mark is a CERTIFIED FINANCIAL PLANNER, a THREE TIME #1 Best Selling Author, the Owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois and co-host of the Not Your Average Financial Podcast. Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with proven, tax-efficient financial solutions unknown to most financial gurus. He has become known as “Not Your Average Financial Planner!” What problem do you solve? The greatest financial challenge facing every business owner and American – Banking. Show Notes: It's important to think about what you want your money to do for you or else everyone else will tell your money what to do (i.e. McDonald's, Apple, Netflix). Build your wish list then make a plan. The “Arrival Syndrome” is the worst virus that has effected humans. It is the thought that you have arrived at the best of what you can do. The biggest problem you have in business are silent partners – Uncle Sam and The Bank. The Bank – Debt is one of the oldest institutions in human history. The bank can suck profits off our back. Uncle Sam – As a business owner, the the tax bill is the largest expense over your lifetime. To make sure your minimize your tax bill, make sure your money isn't taxed in retirement. Money We want it to be liquid. We want it to be tax-advantaged. We want it to a passive income in retirement. We want it to be a source of money we can use like a bank for ourselves. The bank on yourself strategy helps minimize your bank bill and your tax bill. This is done through life insurance policies. *** You must do this with the advice of a certified financial planner. The founders of JCPenney, Disney and McDonalds have used this method. We haven't heard about this because banks and WallStreet don't want us to know about this. The policy has to be designed a certain way to be able to do this. Mark's Podcast: Not Your Average Financial Podcast Mark Willis' Best Small Business Tip Mark recommends checking out the Profit First method. (Check out the book, Profit First, by Mike Michalowicz) Connect with Mark: Website: lakegrowth.com/ Schedule with Mark: lakegrowth.com/schedule/ YouTube LinkedIn Twitter Instagram

"Your Financial Future" with Nick Colarossi of NJC Investments 12/24/2022

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Dec 27, 2022 59:51

Our holiday themed Christmas Eve program of "Your Financial Future" includes income ideas, year-end planning, and an illustration of the power of dollar cost averaging for long term investors. Merry Christmas!

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Are You Worried about Your Financial Future?

Winning with the Word

Play Episode Listen Later Nov 14, 2022 7:14

WINNING WITH THE WORD “Winning with the Word” is a weekly blog that will help you to be a winner in life by applying God's principles for living the abundant life as found in the Bible, God's manual for life. An invitation for you: To subscribe to this blog, click here. To subscribe to this podcast, click here. If this blog and podcast have blessed you, please encourage your family and friends to subscribe as well. Thank you! Be sure to check out our Featured Book of the Week at the end of this post. ______________________________________ Do you prefer listening instead of reading? Then click below to listen to today's blog post on podcast. https://media.blubrry.com/winning_with_the_word/content.blubrry.com/winning_with_the_word/Are_You_Worried_about_Your_Financial_Future_.mp3 _________________________________________ Hello and Happy Day! This is Dr. MaryAnn Diorio, novelist and life coach, welcoming you to another episode of Winning with the Word. Today is Monday, November 14, 2022, and this is Episode #34 of Series 2022. This episode is titled "Are You Worried about Your Financial Future?" _________________________________________ If you've had your eyes open at all, you know about the predicted food shortages and famines, the projected stock market crash, and the move toward a digital world currency. All of these ominous events are causing great anxiety among the world population. Already I've read that some families here in America have reduced their daily meals to two a day instead of the usual three. Drought has ruined many crops throughout the world, and, if things don't change, the world is heading to famine. But today I'd like to encourage you not to be anxious nor to fear, I'm going to share with you some promises from God for His children. (If you are not His child, then listen closely so you can become His child and receive these benefits as well.) The world is fast heading into a time period that the Bible calls "the time of Jacob's trouble" (Jeremiah 30: 7). This will be a seven-year time period, also known as the Tribulation, during which God will judge the Jews for rejecting the Messiah. The Book of Revelation speaks extensively of the time of Jacob's trouble. During this time, there will be widespread famine. The fact that we are witnessing the approach of global famine now means that the Tribulation is not far off, and the return of Jesus is even closer. The Bible tells us that Jesus will return to remove His children from the world before the Tribulation. He said that when we see all these things converging—wars, rumors of wars, increase in the number and intensity of earthquakes, violent storms, and food shortages—we can know that His return is imminent. So, what can you do? 1. The most important thing you need to do is to get born again if you are not yet born again. What does the term "born again" mean? It means to accept Jesus Christ as your Savior and Lord so that you can experience the new birth He died to give you. You see, when we were born physically into this world, we received a fallen, corrupted spirit that separated us from God. Jesus wants to give us a new spirit that connects us back to God. Jesus died and paid the price for the sin that caused our corrupted spirits in the first place and, in exchange, He gives us eternal life. So, the first order of business is to get born again. Do it now! How? 1. Acknowledge before God that you are a sinner. 2. Repent of your sin. This means turn away from it and go in the opposite direction. 3. Receive Jesus into your heart by asking Him to come in. Once you do these three things, you become a child of God (John 1: 12). And as His child, You become eligible for His blessings. One of His blessings includes financial provision. He promises in Philippians 4: 19 that He will supply all your need. This means that He will provide everything you need because you are His child.

MI220: Tax-advantaged Investing w/ Brian Martucci

Play Episode Listen Later Sep 13, 2022 45:26

IN THIS EPISODE, YOU'LL LEARN: 01:47 - What the differences between a Roth and Traditional IRA are. 04:40 - How to decide which account to contribute to each year. 09:23 - Which types of securities you should hold in each account. 24:45 - When a Millennial may want to consider buying life insurance. 28:01 - What the different types of life insurance are. 37:45 - How to decide whether to go with a term or whole life insurance policy. 40:22 - How life insurance can be used as an investment and when you should consider this. 42:48 - What kind of returns you can expect from using life insurance as an investment. 44:10 - How to use life insurance to borrow against it and when this makes sense. 47:07 - How much life insurance should you buy? 49:46 - Should you open a joint/custodial taxable investment account for your kids? And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out Money Crashers.How Much Life Insurance Do I Need?.Life Insurance for Millennials – Do You Need to Get It and How Much?.Backdoor Roth IRA – Definition & How to Make These Contributions.Related Episode: Take Control of Your Financial Future w/ Brennan Schlagbaum – MI092.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Get up to 3% Daily Cash back on everything you buy with Apple Card. Subject to credit approval. Daily cash is available via an Apple Cash card or as a statement credit. See Apple Card customer agreement for terms and conditions. Apple Cash card is issued by Green Dot Bank, Member FDIC. Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of August 1, 2022.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Make backing up and accessing your data astonishingly easy with Backblaze. Sign up for a free trial today.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Support our free podcast by supporting our sponsors.Connect with Brian: Twitter| LinkedIn Connect with Rebecca: Twitter | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Your Financial Future | നിങ്ങളുടെ സാമ്പത്തിക ഭാവി | Br Damien Antony | Morning Glory - 760

Blessing Today Audio Podcast

Play Episode Listen Later Sep 1, 2022 27:37

Your Financial Future | നിങ്ങളുടെ സാമ്പത്തിക ഭാവി | Br Damien Antony | Morning Glory - 760

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Map out Your Financial Future with this App

Investor Financing Podcast

Play Episode Listen Later Aug 19, 2022 35:01

Map out Your Financial Future with this App with Jeff Mount On this episode of the Investor Financing Podcast, Beau interviews Jeff Mount, President of Real Intelligence LLC. Beau and Jeff discussed the importance of being financially stable by the help of financial services apps. Jeff talks about various financial apps in this episode, including Dynamic Map and Whoosh.

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Conversations That Make a Difference with Teresa Velardi

Dreamvisions 7 Radio Network

Play Episode Listen Later Jun 3, 2022 59:22

"What's in Your Financial Future?" Guests Dr. Kirk Elliott, Tony Hubbard and Jessie T. Dr. Kirk Elliott Dr. Kirk Elliott is an economist and wealth manager. He holds two PhDs in Public Policy and Administration (Monetary Economics) and Theology. Since 1994 he has been advising clients on safeguarding their assets through strategic implementation of gold and silver in their portfolios. Kirk Elliott PhD Private Advisors serves a global clientele of over 3000 clients and is the fastest growing firm in the industry. Tony Hubbard: Tony Hubbard is a serial entrepreneur for the last 21 years, 18 of which have been in the Network Marketing space. He's been married for 32 years and blessed with 6 beautiful children. Tony credits his success to being a servant leader following the philosophy of one of my first mentors Zig Ziglar who said, "you can have everything you want out of life if you simply help enough other people get what they want" Jessie T: Jessie is a widely respected entrepreneur, investor, e-commerce leader, and author. Her life is a true rags-to-riches story. She grew up in a trailer in northern Wisconsin and later moved to an orphanage in Mexico in her teens, Jessie was hungry to provide a better life for her siblings and family. With only six years of formal education Jessie has been featured on The Oprah Winfrey show, the front page of yahoo.com as a "Rags to Riches Millionaire", CNN, CNBC, MSNBC, The Today Show, Forbes and many more publications. She was also chosen out of 215,000 people to be a contestant in the first season of The Apprentice with Donald Trump and remains the youngest contestant chosen to appear on the show. Jessie now has five incredible children with her husband, Matt. Precious Metals investing has provided them the freedom to travel the world, give to the charities they love, create incredible experiences for their children and care for those in need. Jessie enjoys teaching others how to create financial security in their lives through their investments and education. She frequently brings her family with her when she teaches domestically and internationally. Jessie has been quoted saying “I believe everyone has a story, everyone has trials, everyone has tribulations but in the end, it is about finding the truth inside of you and not denying it… following my light has led me to ‘riches', yes, but what really matters is my soul feels rich. Never measure your success by the size of your bank account, measure your success by the peace in your soul.” Video Version: https://youtu.be/MfsLUcs-sxg Call in with a comment or Chat with Teresa during Live Show with Video Stream: Call 646-558-8656 ID: 8836953587 press #. To Ask a Question press *9 to raise your hand. Or click YouTube icon to write a question Learn more about Teresa here: www.webebookspublishing.com http://authenticendeavorspublishing.com/

Is It Too Late to Plan for Your Financial Future? | Michael Resnick | Show 75

Inside BS with Dave Lorenzo

Play Episode Listen Later May 24, 2022 29:37

Is It Too Late to Plan for Your Financial Future? We answer that question and many of the pressing questions of the day as Dave Lorenzo interviews Financial Advisor Michael Resnick on this episode of The Inside BS Show. 00:00 Is It Too Late to Plan for Your Financial Future?01:04 How did Michael become a Certified Financial Planner?02:21 What is the process of becoming a Certified Financial Planner?04:04 What drives people to seek the services of a Financial Planner?08:31 How can Financial Planners assist clients with Tax Planning?11:44 Why should you hire a financial adviser instead of investing or trading if you inherit money?14:07 How might a CFP assist with portfolio balance to help limit risk?19:51 What is the importance of Time Horizon in Investment? 20:37 Is it wise to invest in Bitcoin and NFTs? Michael ResnickCertified Financial PlannerAlera Group(847) 457-3206Michael.Resnick@AleraGroup.comAbout Michael Resnick:Michael Resnick's business experience extends from the financial markets and risk mitigation to financial planning for business owners and families. At Alera Wealth Services, his focus is on helping families and business owners grow and protect their wealth in a tax-efficient manner, helping to allow the transfer of that wealth to future generations. Always the entrepreneur, Michael has built businesses on the trading floors of Chicago as well as in the fast-paced world of hedge funds. His practice at GCG is built around relationships with his clients that extend beyond the products used to implement the financial strategies. His philosophy is that the plan itself is paramount to the success of his clients.

The Wealth Cornerstones Series: Financial Wellbeing

The Wealth Conversation

Play Episode Listen Later May 6, 2022 10:09

The Wealth Cornerstones Series – Episode 4 We all have the desire to create wealth on our own terms. I believe that this can be achieved once you are clear on what wealth truly means to you, in the following five areas of your life: Physical; Mental; Spiritual; Social and Financial. In this fourth episode of The Wealth Cornerstone Series, I revisit what Financial wellbeing means to some of my previous guests and I hope that their definitions will help you to create your own unique definition of wealth in each area of your life. Download The Wealth Cornerstones Guide and define what wealth truly means to you: https://thewealthconversation.com/free-guide/ Work with Tsitsi Mutiti and follow The Wealth Conversation: Book a Power Hour: https://calendly.com/thewealthconversation/power-hour LinkedIn: https://www.linkedin.com/in/tsitsi-mutiti-chartered-fcsi/ Facebook: https://www.facebook.com/thewealthconversation Instagram: https://www.instagram.com/thewealthconversation/ Listen to the full episodes: Episode 3 – Why Clarity Is Important with Jateya Jones: https://anchor.fm/the-wealth-conversation/episodes/Episode-3-Why-Clarity-Is-Important-with-Jateya-Jones-e15jst1 Episode 8 – Overgiving: When Generosity Undermines Your Financial and Emotional Health with Emma Gosling: https://anchor.fm/the-wealth-conversation/episodes/Episode-8-Overgiving-When-Generosity-Undermines-Your-Financial-And-Emotional-Health-with-Emma-Gosling-e176iuj Episode 9 – Limiting Knowledge And Your Financial Future with Tiritoga Gambe: https://anchor.fm/the-wealth-conversation/episodes/Limiting-Knowledge-and-Your-Financial-Future-with-Tiritoga-Gambe-e15vsi9 Episode 16 – Introduction to Pensions with Michelle Lambell: https://anchor.fm/the-wealth-conversation/episodes/Introduction-to-Pensions-with-Michelle-Lambell-e19maj8 Episode 22 – Physical Wellbeing: Yoga with Kinga Kovacs: https://anchor.fm/the-wealth-conversation/episodes/Physical-Wellbeing-Yoga-with-Kinga-Kovacs-e1bjdfl

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The Wealth Cornerstones Series - Physical & Mental Wellbeing

The Wealth Conversation

Play Episode Listen Later Apr 15, 2022 11:28

The Wealth Cornerstones Series - Episode 1 We all have the desire to create wealth on our own terms. I believe that this can be achieved once you are clear on what wealth truly means to you, in the following five areas of your life: Physical; Mental; Spiritual; Social and Financial. In this first episode of The Wealth Cornerstones Series, I revisit what Physical and Mental wellbeing means to five of my previous guests and I hope that their definitions will help you to create your own unique definition of wealth in each area of your life. Download The Wealth Cornerstones Guide and define what wealth truly means to you today: https://thewealthconversation.com/free-guide/ Work with Tsitsi Mutiti and follow The Wealth Conversation Book a Power Hour: https://calendly.com/thewealthconversation/power-hour LinkedIn: https://www.linkedin.com/in/tsitsi-mutiti-chartered-fcsi/ Facebook: https://www.facebook.com/thewealthconversation Instagram: https://www.instagram.com/thewealthconversation/ Listen to the full episodes: Episode 3 – Why Clarity Is Important with Jateya Jones: https://anchor.fm/the-wealth-conversation/episodes/Episode-3-Why-Clarity-Is-Important-with-Jateya-Jones-e15jst1 Episode 7 – Mind Your Madness with Jabreta Shelton: https://anchor.fm/the-wealth-conversation/episodes/Episode-7-Mind-Your-Madness-with-Jabrita-Shelton-e16kmgd Episode 8 – Overgiving: When Generosity Undermines Your Financial and Emotional Health with Emma Gosling: https://anchor.fm/the-wealth-conversation/episodes/Episode-8-Overgiving-When-Generosity-Undermines-Your-Financial-And-Emotional-Health-with-Emma-Gosling-e176iuj Episode 9 – Limiting Knowledge And Your Financial Future with Tiritoga Gambe: https://anchor.fm/the-wealth-conversation/episodes/Limiting-Knowledge-and-Your-Financial-Future-with-Tiritoga-Gambe-e15vsi9 Episode 15 – Shame And Indebtedness with Wadzanai Garwe: https://anchor.fm/the-wealth-conversation/episodes/Shame-and-Indebtedness-with-Wadzanai-Garwe-e19m8mp

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Taking Back Control of Your Financial Future with a Book featuring Mark Willis

Publish. Promote. Profit.

Play Episode Listen Later Mar 31, 2022 31:50

Taking Back Control of Your Financial Future with a Book – Publish. Promote. Profit. with Rob Kosberg Episode 138 Mark Willis Mark Willis is a CERTIFIED FINANCIAL PLANNER™, a three-time Best Selling Author and the owner of Lake Growth Financial Services, in Chicago, Illinois. Over the years, he has helped hundreds of his clients take back control of their ﬁnancial future and build their businesses with proven, tax-eﬃcient ﬁnancial solutions. As co-host of the Not Your Average Financial Podcast™, he shares his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you will not outlive. Listen to this informative Publish. Promote. Profit. episode with Mark Willis about learning to take control of your financial future. Here are some of the beneficial topics covered on this week's show: - Why people are exhausted with traditional finance methods. - How having a 401k may not be enough to take care of your retirement needs. - Why taxes are still going to go up no matter who is in control of the White House. - How it's the people who control the banking who hold all the power. - Why paying cash for goods and services takes away your opportunity to grow that money. Connect with Mark: Links Mentioned: https://lg.subscribemenow.com Connect with Rob: Website https://bestsellerpublishing.org Twitter https://twitter.com/bspbooks Instagram https://www.instagram.com/bspbooks/?hl=en Facebook https://www.facebook.com/bestsellerpub YouTube https://www.youtube.com/c/BestSellerPublishingOfficial Learn more about your ad choices. Visit megaphone.fm/adchoices

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Investing in Your Financial Future with Sarry Ibrahim | FP 104

Faith in Practice Podcast

Play Episode Listen Later Sep 22, 2021 31:03

Do you want to start saving for retirement? What are some ways that you can increase the value of your practice before selling it?... The post Investing in Your Financial Future with Sarry Ibrahim | FP 104 appeared first on How to Start, Grow, and Scale a Private Practice| Practice of the Practice.

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Investing in Your Financial Future with Sarry Ibrahim | FP 104

Faith in Practice Podcast

Play Episode Listen Later Sep 22, 2021 31:03

Do you want to start saving for retirement? What are some ways that you can increase the value of your practice before selling it?... The post Investing in Your Financial Future with Sarry Ibrahim | FP 104 appeared first on How to Start, Grow, and Scale a Private Practice| Practice of the Practice.

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Edward R. Williams: Wealth Building for Beginners

The Open Conversations Podcast

Play Episode Listen Later Sep 10, 2021 30:31

Regardless of where you are with your finances, it's important — and possible — to start building wealth now, and according to author and financial planner Edward R. Williams, you don't have to be an expert on finance to do it. In his new book, Wealth Building for Beginners: Your Manual for Taking Control of Your Financial Future, Now, Williams details the top three personal obstacles that often stand in the way to building wealth and how to overcome them. RESOURCES | Get a copy of Wealth Building for Beginners [https://amzn.to/3zZaohl] Edward R. Williams website at [http://www.edwardrwilliams.com] Want better results? Visit us at [www.nicolewilliamspr.com]

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Cindy Couyoumjian - Redefining Financial Literacy: Unlocking the Hidden Forces of Your Financial Future - 404

Teaching Learning Leading K-12

Play Episode Listen Later Aug 24, 2021 41:13

Cindy Couyoumjian - Redefining Financial Literacy: Unlocking the Hidden Forces of Your Financial Future. This is episode 404 of Teaching Learning Leading K12, an audio podcast. As the founder of Cinergy Financial, Cindy Couyoumjian believes that financial literacy is a moral imperative, which is why she devoted her professional life to help people understand the constantly evolving financial and economic landscape. As a Certified Financial Planner (CFP), with 35 years in the industry, 8 securities licenses (the series 63, 6, 65, 7, 22, 24, 31, and 26), as well as a California Insurance License #0719038, Couyoumjian has become not only a leader in the financial industry, but also an innovator of investment methodology. Her passion can be heard with her weekend broadcasts on Los Angeles Radio Station KABC. A little about Cindy's book... Redefining Financial Literacy: Unlocking the Hidden Forces of Your Financial Future In her book Redefining Financial Literacy, certified financial planner Cindy Couyoumjian explains the micro and macro risks to retirement portfolios. She provides an in-depth look at how the current economic system impacts retail investors and why the standard model misses the mark. She proposes diversification through The REALM® Model and lays out alternative investment opportunities, such as REITs and private equity. We are going to talk about Cindy's book - Redefining Financial Literacy: Unlocking the Hidden Forces of Your Financial Future, also key components to financial literacy, and we will answer this question - Why are so many Americans financially illiterate? Thanks for listening! Enjoy. But wait... Could you do me a favor? Please go to my website at https://www.stevenmiletto.com/reviews/ or open the podcast app that you are listening to me on and would you rate and review the podcast? That would be Awesome. Thanks! Remember, Live2Lead - October 8th, 2021 - Awesome Leadership Experience! Hear John Maxwell, Jamie Kern Lima, Valorie Burton, Ed Mylett, Jeff Henderson, Joel Manby, Don Yaeger, and Tim Elmore in Atlanta, GA. Go to L2LATL.com and use K12 at checkout! Have you been wanting to tell your story on podcasts? Podcasts are a great way to grow your personal and business brand. Kitcaster specializes in developing real human connections through podcast appearances. If you are an expert in your field, have a unique story to share, or an interesting point of view-- it's time to explore the world of podcasting with Kitcaster. Go to https://kitcaster.com/tllk12 or go to my webpage at https://stevenmiletto.com/sponsors click on the Kitcaster logo to apply for a special offer for friends of Teaching Learning Leading K12. Ready to start your own podcast? Podbean is an awesome host. I have been with them since 2013. Go to https://www.podbean.com/TLLK12 to get 1 month free of unlimited hosting for your new podcast. Remember to take a look at NVTA (National Virtual Teacher Association) The NVTA Certification Process was created to establish a valid and reliable research-based teacher qualification training process for virtual teachers to enhance their teaching and develop their ongoing reflective skills to improve teaching capacity. NVTA is an affiliate sponsor of Teaching Learning Leading K12, by following the link above if you purchase a program, Teaching Learning Leading K12 will get a commission and you will help the show continue to grow. By the way, don't forget to go to my other affiliate sponsor Boone's Titanium Rings at www.boonerings.com. When you order a ring use my code - TLLK12 - at checkout to get 10% off and help the podcast get a commission. Oh by the way, you can help support Teaching Learning Leading K12 by buying me a soft drink (actually making a donation to Teaching Learning Leading K12.) That would be awesome! You would be helping expand the show with equipment and other resources to keep the show moving upward. Just go to https://www.buymeacoffee.com/stevenmiletto Thanks! Have an awesome day! Connect & Learn More: https://cinergyfinancial.com/ cindy@cinergyfinancial.com https://www.amazon.com/dp/B08XZX6PGM/ref=sr_1_1?dchild=1&qid=1614900944&refinements=p_27%3ACindy+Couyoumjian+CFP&s=digital-text&sr=1-1&text=Cindy+Couyoumjian+CFP https://www.linkedin.com/company/cinergy-financial/people/ https://www.facebook.com/cinergyfinancial/ https://www.youtube.com/channel/UCjDmyt92dive6ZSHhZVoxbg Length - 41:13

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Success by the Numbers: Taking Control of Your Financial Future

Linked Local Broadcast Network

Play Episode Listen Later Jul 29, 2021 49:00

Success by the Numbers: Taking Control of Your Financial Future.. Broadcast Date: July 29th , 2021 Podcast Time : 5:00p EST / 4:00p CST / 3:00p MST /2:00p PST As business owners, we are all working to build successful businesses - that's pretty much the point, right? So it's interesting that one of the things people avoid facing most is the dreaded numbers. The importance of recording, tracking and setting goals for growth cannot be overstated. Our guest on this episode, Michael Iannuzzi, CPA is here to help us identify some foundational practices that will help keep you on track whether you are a potential franchisee encountering an FDD for the first time, a multi-unit franchisee looking to sell or a franchisor working to grow and build revenue. Tune in to another episode filled with information and fun! Join host Ray Pillar, Owner of Molly Maid Aurora-Naperville and co-host Kristin Selmeczy, Female Business Warrior & CEO of Molly Maid Bloomingdale & Mt Prospect as they discuss how to be successful at finding a franchise and financing solution, purchasing and developing, expanding and selling your franchise and giving back to the community with our guests: Michael Iannuzzi, CPA, CFE, Partner and Co-Leader, Franchise Accounting and Consulting Practice, Citrin Cooperman. David Kajganich discusses Block Out The Noise. Fred McMurray, CEO of Westvyne will take everyone down the rabbit hole. Listen live to new episodes on Thursdays at 4p central. Call in on Thursdays at 323-580-5755. Interested in buying a franchise? Submit an application to join the Million Dollar Franchisee Mentor program on the Pillars of Franchising website. Listen to past episodes. https://www.pillarsoffranchising.com

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Success by the Numbers: Taking Control of Your Financial Future

Pillars of Franchising

Play Episode Listen Later Jul 27, 2021 48:02

The post Success by the Numbers: Taking Control of Your Financial Future appeared first on Pillars of Franchising.

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Edward R. Williams Talks Building Wealth TODAY

Ash Said It® Daily

Play Episode Listen Later Jun 24, 2021 14:19

Simply being able to pay your bills each month is not enough. Unexpected job loss. Medical emergency. Natural disaster. In an instant, an unforeseen event can put you on shaky financial footing if you're not prepared. And retirement? Forget about it. The good news is, it's not too late, and it doesn't matter where you start. It just matters that you follow a proven plan for building wealth and that you begin now, says author and financial planner Edward R. Williams. “I grew up thinking that the number one priority with money is finding a way to get the bills paid,” he says. “There were never any conversations about saving and investing. I fell into many of the same traps as an adult. It felt like every time I saved a little bit of money, something would happen that would require that money I had saved.” Williams hit rock bottom when his diabetic father needed surgery and asked the younger Williams to help cover some of the expenses. But he wasn't able to. Feeling powerless and ashamed, Williams endeavored to create an actionable, practical system for building wealth. The result is what Williams calls The Wedge™, a framework for building wealth through insurance, investments, and retirement and estate planning. His new book, Wealth Building for Beginners: Your Manual for Taking Control of Your Financial Future, Now! details the top three personal obstacles to overcome and how to do so; provides step-by-step instructions for building The Wedge™; and offers ways to sustain and optimize financial habits. Williams shares his own financial ups and downs that he weathered before he found success, and uses a personable approach that makes financial concepts easy for readers to understand. Ultimately, Wealth Building for Beginners is an instruction manual for ordinary people that encourages readers to take baby steps to overpower procrastination and use that momentum for building wealth. Author Edward R. Williams is an experienced and knowledgeable advisor, and registered representative who works with investment products, stock, bonds, annuities, mutual funds, life insurance, estate planning and retirement strategies. After working as an investment banker on Wall Street in New York and London, he launched his own financial services company, Williams Financial Group LLC. Over the past 23 years, he has helped numerous individuals and businesses plan for a successful financial future. The Williams Financial Group is currently known for working with faith-based communities and instituting the cutting-edge “wedge” process to help congregation members achieve wealth. As a planner, his focus is on helping clients make well-informed decisions regarding the best financial tools for achieving their individual goals. He believes in developing client relationships based on integrity, accountability and excellent service. For more information, please visit www.EdwardRwilliams.com, or follow him on Facebook, Twitter or Instagram at @Edwrwilliams. Wealth Building for Beginners: Your Manual for Taking Control of Your Financial Future, Now! Publisher: Williams Financial Group ISBN-10: 1648588042 ISBN-13: 978-1648588044 Available from Amazon.com, BN.com, Walmart.com and www.edwardrwilliams.com About the show: ► Website: http://www.ashsaidit.com ► Need Goli Gummies? https://go.goli.com/1loveash5 ► For $5 in ride credit, download the Lyft app using my referral link: https://www.lyft.com/ici/ASH584216 ►For discount Pangea Products: https://embracepangaea.grsm.io/ashsaiditmedia3226 ► Want the ‘coldest' water? https://thecoldestwater.com/?ref=ashleybrown12 ► Become A Podcast Legend: http://ashsaidit.podcastersmastery.zaxaa.com/s/6543767021305 ► Review Us: https://itunes.apple.com/us/podcast/ash-said-it/id1144197789 ► SUBSCRIBE HERE: http://www.youtube.com/c/AshSaidItSuwanee ► Instagram: https://www.instagram.com/1loveash ► Facebook: https://www.facebook.com/ ► Twitter: https://twitter.com/1loveAsh ► Blog: http://www.ashsaidit.com/blog ► Pinterest: https://www.pinterest.com/1LoveAsh/ ► Newsletter: manage1.com/subscribe?u=2a2ca3b799467f125b53863http://ashsaidit.us11.list-c8&id=a6f43cd472 #atlanta #ashsaidit #ashsaidthat #ashblogsit #ashsaidit® Ash Brown is a gifted American producer, blogger, speaker, media personality and event emcee. The blog on AshSaidit.com showcases exclusive event invites, product reviews and so much more. Her motivational podcast "Ash Said It Daily" is available on major media platforms such as iTunes, iHeart Radio & Google Play. This program has over half a million streams worldwide. She uses these mediums to motivate & encourage her audience in the most powerful way. She keeps it real!

Edward R. Williams Talks Building Wealth TODAY

Ash Said It® Daily

Play Episode Listen Later Jun 24, 2021 14:19

Simply being able to pay your bills each month is not enough. Unexpected job loss. Medical emergency. Natural disaster. In an instant, an unforeseen event can put you on shaky financial footing if you're not prepared. And retirement? Forget about it. The good news is, it's not too late, and it doesn't matter where you start. It just matters that you follow a proven plan for building wealth and that you begin now, says author and financial planner Edward R. Williams. “I grew up thinking that the number one priority with money is finding a way to get the bills paid,” he says. “There were never any conversations about saving and investing. I fell into many of the same traps as an adult. It felt like every time I saved a little bit of money, something would happen that would require that money I had saved.” Williams hit rock bottom when his diabetic father needed surgery and asked the younger Williams to help cover some of the expenses. But he wasn't able to. Feeling powerless and ashamed, Williams endeavored to create an actionable, practical system for building wealth. The result is what Williams calls The Wedge™, a framework for building wealth through insurance, investments, and retirement and estate planning. His new book, Wealth Building for Beginners: Your Manual for Taking Control of Your Financial Future, Now! details the top three personal obstacles to overcome and how to do so; provides step-by-step instructions for building The Wedge™; and offers ways to sustain and optimize financial habits. Williams shares his own financial ups and downs that he weathered before he found success, and uses a personable approach that makes financial concepts easy for readers to understand. Ultimately, Wealth Building for Beginners is an instruction manual for ordinary people that encourages readers to take baby steps to overpower procrastination and use that momentum for building wealth. Author Edward R. Williams is an experienced and knowledgeable advisor, and registered representative who works with investment products, stock, bonds, annuities, mutual funds, life insurance, estate planning and retirement strategies. After working as an investment banker on Wall Street in New York and London, he launched his own financial services company, Williams Financial Group LLC. Over the past 23 years, he has helped numerous individuals and businesses plan for a successful financial future. The Williams Financial Group is currently known for working with faith-based communities and instituting the cutting-edge “wedge” process to help congregation members achieve wealth. As a planner, his focus is on helping clients make well-informed decisions regarding the best financial tools for achieving their individual goals. He believes in developing client relationships based on integrity, accountability and excellent service. For more information, please visit www.EdwardRwilliams.com, or follow him on Facebook, Twitter or Instagram at @Edwrwilliams. Wealth Building for Beginners: Your Manual for Taking Control of Your Financial Future, Now! Publisher: Williams Financial Group ISBN-10: 1648588042 ISBN-13: 978-1648588044 Available from Amazon.com, BN.com, Walmart.com and www.edwardrwilliams.com About the show: ► Website: http://www.ashsaidit.com ► Need Goli Gummies? https://go.goli.com/1loveash5 ► For $5 in ride credit, download the Lyft app using my referral link: https://www.lyft.com/ici/ASH584216 ►For discount Pangea Products: https://embracepangaea.grsm.io/ashsaiditmedia3226 ► Want the ‘coldest' water? https://thecoldestwater.com/?ref=ashleybrown12 ► Become A Podcast Legend: http://ashsaidit.podcastersmastery.zaxaa.com/s/6543767021305 ► Review Us: https://itunes.apple.com/us/podcast/ash-said-it/id1144197789 ► SUBSCRIBE HERE: http://www.youtube.com/c/AshSaidItSuwanee ► Instagram: https://www.instagram.com/1loveash ► Facebook: https://www.facebook.com/ ► Twitter: https://twitter.com/1loveAsh ► Blog: http://www.ashsaidit.com/blog ► Pinterest: https://www.pinterest.com/1LoveAsh/ ► Newsletter: manage1.com/subscribe?u=2a2ca3b799467f125b53863http://ashsaidit.us11.list-c8&id=a6f43cd472 #atlanta #ashsaidit #ashsaidthat #ashblogsit #ashsaidit® Ash Brown is a gifted American producer, blogger, speaker, media personality and event emcee. The blog on AshSaidit.com showcases exclusive event invites, product reviews and so much more. Her motivational podcast "Ash Said It Daily" is available on major media platforms such as iTunes, iHeart Radio & Google Play. This program has over half a million streams worldwide. She uses these mediums to motivate & encourage her audience in the most powerful way. She keeps it real!

#155: The Power of the IHHE Moment

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Play Episode Listen Later Jun 21, 2021 32:29

About the Episode: In this episode, we're talking about one of the biggest that has helped us achieve great things with our financial journeys. It's called the IHHE Moment. In our Current Events segment, we're discussing the outrageous home prices and what it means for you. Our success story comes from Kathy, who has stuck to her budget and will be debt-free in just 20 months!! Resources: FULLY FUNDED LIFE IWBNIN LadderYahoo News - Home Prices to Fall and Cause Some PainRecommended BooksBOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future Related Monday Money Tip Podcast Episodes:Episode 112: Defining Financial Boundaries with ChildrenEpisode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your BudgetEpisode 143: 5 Steps to Avoid Budget-Busting Expenses Episode 151: How to Teach Your Kids About Giving Email info@iwbnin.com to ask questions or share success stories.

"Your Financial Future" with Nick Colarossi of NJC Investments 05/29/2021

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Play Episode Listen Later May 30, 2021 59:50

The Memorial Day Weekend version of the Your Financial Future program features both Investment Ideas and Grilling Recipes for the unofficial kickoff to summer. Find out about the Motley Fool's latest top picks, two large Technology Stocks that are splitting their shares, and the top stocks to watch in the blossoming segment of 5G Technology according to Investor's Business Daily!

Financial education can change the world

Sound Investing

Play Episode Listen Later May 19, 2021 80:50

Paul Merriman interviews Tim Ranzetta, President of Next Generation Personal Finance (NGPF.org), about his organization’s commitment to financial education for teachers and students, which is extraordinary. NGPF was created on the belief that financial literacy is the key to creating stable futures for the next generation. It promotes financial education in our public schools, and provides free engaging curriculum and professional development for any educator who is interested in the program, with an abundance of free resources for all. Learn about the results NGPF is tracking and the reasons not every student in the U.S. is being given access to this valuable, life-changing education. Discover the actions you can take to improve the financial future of your children, grandchildren and other young people (and educators) in your life and community. NGPF produced a video called “The Most Important Class You Never Had,” (watch on YouTube), which explains the critical impact of financial literacy on our lives — and how improving an understanding of finance during youth can change behavior into adulthood. NGPF focuses on helping students in grades 6-12. This interview is the final in the 2021 series of Financial Literacy Month events, “Take Control of Your Financial Future,” sponsored by The Merriman Financial Education Foundation, Bainbridge Community Foundation and Library U, a resource of the Bainbridge Public Library.

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E16 - Build Your Own Family Bank with Peter Lount

Wealth Secrets

Play Episode Listen Later May 6, 2021 33:46

Today on The Wealth Secrets Podcast, Sean Adams talks to Peter Lount of Ascendant Financial. They discuss the importance of asserting control over one's financial future by adopting good habits and effective systems. Peter experienced firsthand how conventional financial tools have failed to achieve his desired results. By becoming his own banker, he now leverages his own cash for maximum returns. [02:37] Exchanging Time for Money [05:26] The Problem with Conventional Wisdom [09:51] Take Control of Your Financial Future [16:07] Become Your Own Banker [22:57] Paying Ourselves Back [26:17] Estate Planning & Generational Wealth Exchanging Time for Money At his old job, Peter was earning a six-figure salary. Even with a large income, he and his peers felt like they couldn't escape the proverbial rat race. Most of them, including Peter, started side hustles in order to make multiple streams of income. In a sense, they were exchanging hours for dollars. However, adding more revenue didn't necessarily solve their problems. Within such a high paced work environment, they had little time or energy to look into alternative solutions to grow their savings. The Problem with Conventional Wisdom As an employee at a big corporation, Peter had to sign up for government benefits. When he moved jobs, the same thing happened. It didn't feel right to him because it felt like he was losing control over his money. When he finally found a way to get out of the system, he felt empowered. Government qualified plans are marketed as financial programs that help us get ahead. But if you think about it, the way it works doesn't seem to work in our favor. You provide them capital but the government sets all the rules and leaves you with very little gains and control. Take Control of Your Financial Future The education system lacks courses on financial literacy. As a result, most of us grow up to believe that we are bad with numbers. When we are presented with simple financial products, we buy into it out of convenience. This is exactly what big corporations want. To stop this cycle, you must learn the basics of personal finance. Take control of your financial future by doing your own research. If you outsource decisions, you won't get the results that you want. Know what your goals are and take a closer look at the processes behind products or investments. By learning about how money works, you can make decisions that will be in your best interests. Get in touch with Peter through Ascendant Financial's website. Join the Cashflow Canucks Facebook group to learn from and collaborate with entrepreneurs and professionals. Connect With Sean: Facebook: https://www.facebook.com/profile.php?id=100060279543976 LinkedIn: https://www.linkedin.com/in/leveraged-life/ Instagram: https://www.instagram.com/sean_adams103/ Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: sean@leveraged-life.com. --- 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/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

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E16 - Build Your Own Family Bank with Peter Lount

Wealth Secrets

Play Episode Listen Later May 6, 2021 33:46

Today on The Wealth Secrets Podcast, Sean Adams talks to Peter Lount of Ascendant Financial. They discuss the importance of asserting control over one's financial future by adopting good habits and effective systems. Peter experienced firsthand how conventional financial tools have failed to achieve his desired results. By becoming his own banker, he now leverages his own cash for maximum returns. [02:37] Exchanging Time for Money [05:26] The Problem with Conventional Wisdom [09:51] Take Control of Your Financial Future [16:07] Become Your Own Banker [22:57] Paying Ourselves Back [26:17] Estate Planning & Generational Wealth Exchanging Time for Money At his old job, Peter was earning a six-figure salary. Even with a large income, he and his peers felt like they couldn't escape the proverbial rat race. Most of them, including Peter, started side hustles in order to make multiple streams of income. In a sense, they were exchanging hours for dollars. However, adding more revenue didn't necessarily solve their problems. Within such a high paced work environment, they had little time or energy to look into alternative solutions to grow their savings. The Problem with Conventional Wisdom As an employee at a big corporation, Peter had to sign up for government benefits. When he moved jobs, the same thing happened. It didn't feel right to him because it felt like he was losing control over his money. When he finally found a way to get out of the system, he felt empowered. Government qualified plans are marketed as financial programs that help us get ahead. But if you think about it, the way it works doesn't seem to work in our favor. You provide them capital but the government sets all the rules and leaves you with very little gains and control. Take Control of Your Financial Future The education system lacks courses on financial literacy. As a result, most of us grow up to believe that we are bad with numbers. When we are presented with simple financial products, we buy into it out of convenience. This is exactly what big corporations want. To stop this cycle, you must learn the basics of personal finance. Take control of your financial future by doing your own research. If you outsource decisions, you won't get the results that you want. Know what your goals are and take a closer look at the processes behind products or investments. By learning about how money works, you can make decisions that will be in your best interests. Get in touch with Peter through Ascendant Financial's website. Join the Cashflow Canucks Facebook group to learn from and collaborate with entrepreneurs and professionals. Connect With Sean: Facebook: https://www.facebook.com/profile.php?id=100060279543976 LinkedIn: https://www.linkedin.com/in/leveraged-life/ Instagram: https://www.instagram.com/sean_adams103/ Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: sean@leveraged-life.com. --- 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/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support

family money government bank take control estate planning build your own conventional wisdom sean adams your financial future

How to Plan for a Successful and Secure Retirement

Sound Investing

Play Episode Listen Later Apr 28, 2021 91:46

Paul Merriman interviews Larry Swedroe, renowned speaker and prolific writer on the science of investing, about his new, updated book, The Complete Guide to a Successful and Secure Retirement. But the discussion focuses on the validity of Bitcoin and other cryptocurrencies, including the Dogecoin, the $36 billion dollar joke. Larry wrote a blog about cryptocurrencies in 2017. He stands by those statements. The interview also covers the following topics: investor challenges with markets at very high prices and lower expected future returns Historically low bond yields and low expected future returns Steps investors should take to live in a period of lower expected returns Additionally, Larry responds to questions from Paul and viewers about asset allocation, asset location for stocks and bonds, distribution limits, Roth conversions, considering Social Security as a bond, his own favorite asset allocation, future premiums for value and small cap asset classes, the importance of working with a fiduciary, the value of a family financial mission statement, how much to share with family members, reverse mortgages, the use of Monte Carlo studies, the role of annuities and many more important issues. Read Larry’s article, “How to Treat Social Security and Your Home in Your Financial Plan,” which addresses how investors should consider Social Security in regards to their equity/bond asset allocation. Paul strongly recommends the 2021 update of Larry’s book, The Complete Guide to a Successful and Secure Retirement, citing that investors will benefit from becoming aware of and avoiding at least 25 mistakes… every one of which is potentially a life-changing move. This conversation was part of a free series Financial Literacy Month presentations, “Taking Control of Your Financial Future,” co-sponsored by The Merriman Financial Education Foundation, the Bainbridge Community Foundation and Library U, a program of the Bainbridge Public Library.

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Planning for Retirement

The Deal Board

Play Episode Listen Later Apr 27, 2021 37:08

Andy and Jessica welcome you to another episode of The Deal Board! In today's episode, they will dive deep into retirement, how to be prepared for it by planning and setting an effective exit plan, on business and personal levels. This topic is affecting business owners and their long-term plans too, as a result of them keeping their businesses longer than they normally would do, retiring later in life, since they cannot find an income or investment that could provide financial security. Andy and Jessica are joined by Cindy Couyoumjian, author of Redefining Financial Literacy: Unlocking the Hidden Forces of Your Financial Future, who shares her knowledge to help you get the maximum value for your business and achieve the retirement you dreamed of. Listing of the week: Thomas Kelsey (Fayetteville, North Carolina). Hemp store located in North Carolina that has connections with farms and manufacturers that ensures the quality of their product. Profit: $70,000. Asking price: $220,000. Open for seller financing. Reach Thomas at tkelsey@tworld.com or call him at (910) 300-5130. Key takeaways: [3:08] Why do you want to plan your business exit? [4:10] When should you start to plan your exit? [5:15] People want to continue the legacy and planning is crucial in order to achieve it. [7:07] Jessica talks about her program called Prep to Sale. [8:10] What to do to get the maximum value for your business. [9:53] Don't believe everything you see online in regards to business valuations, it is better to be unhappy than unrealistic. [11.20] What is owner-absentee? [13:00] Select the right team to get your deal done. [16:30] Why you should plan in advance. [17:55] Deal of the week: Meili Myles (Utah) sold a consigning furniture store that also offers new furniture. They had been in business for 20 years. Owners already knew the buyer but hired a broker to take care of every detail. Purchase price: $562,000 (cash deal) SDE: Close to $300,000. [21:46] Cindy Couyoumjian shares why she wrote her book: Redefining Financial Literacy [23:22] Cindy talks about the REALM model. [27:02].Where do you put your money after selling your business? [27:54] There is a way to get higher withdrawal rates. [29:30] People are scared of the macroeconomic world, Cindy shares her perspective on the subject. [34:01] Listing of the week: Thomas Kelsey (Fayetteville, North Carolina). Hemp store located in North Carolina that has connections with farms and manufacturers that ensures the quality of their product. Profit: $70,000. Asking price: $220,000. Open for seller financing. Reach Thomas at tkelsey@tworld.com or call him at (910) 300-5130. Mentioned in this Episode: The Deal Board Podcast Subscribe to The Deal Board Podcast YouTube Channel United Franchise Group Transworld Business Advisors Transworld on Linkedin Transworld on Facebook Call us — (888) 711-9018 Email us thedealboard@tworld.com Redefining Financial Literacy: Unlocking the Hidden Forces of Your Financial Future, by Cindy Couyoumjian Cynergy Financial Free Consultation with Cindy Couyoumjian 1-888-210-8777 Prep to Sell Program Reach Meili Myles at (801)707-1957 or email mmyles@tworld.com Reach Thomas Kelsey at tkelsey@tworld.com or call him at (910) 300-5130.

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Mountain Money - April 12, 2021

KPCW Mountain Money

Play Episode Listen Later Apr 12, 2021 52:42

This morning, certified financial planner and author (1:55) Cindy Couyoumjian joined Mountain Money us to talk about her new book Redefining Financial Literacy: Unlocking the Hidden Forces of Your Financial Future . The book provides a unique macro perspective of what she calls ''the hidden forces behind your money.'' (24:10) Carolynn Bottino is the founder of the Money Empowerment Project and author of Land of Plenty: A soulpreneur’s guide to finding joy, possibility, and abundance through money empowerment . Carolynn spoke with us today to help us understand and work on our money mindset. A discussion with (43:51) Michelle Buxton, a certified financial at Albion Financial Group , ended the hour. Michelle talked about the power of IRAs, 401Ks and other tax deferred plans in helping you to reach your retirement goals.

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Morningstar’s “The Long View” podcast hosts interview Paul Merriman

Sound Investing

Play Episode Listen Later Apr 7, 2021 56:19

Paul talks with Christine Benz and Jeff Ptak about his commitment to indexing, why he believes in small value stocks, the perils of performance-chasing, and more. They covered such topics as: Best ways to get young people to understand investment process How to get investment information to people who need it most Why Paul was attracted to index funds and DFA The future of the value premium The risk of value investors capitulating The pros and cons of 2 Funds for Life Why target date funds have more value The risk of bonds in a rising interest rate market Use of target date funds in retirement The value of an advisor Check out the extensive list of related articles and podcasts compiled by “The Long View” team at: https://www.morningstar.com/podcasts/the-long-view/103 Join Christine Benz Thursday April 8, 4:30-6 p.m. PT, via Zoom, for a special presentation, “Six Retirement Blind Spots and How to Fix Them”. RSVP by clicking here or email RSVP@bainbridgecf.org with “Christine Benz”. This free presentation, the second in the series of five, is part of the Financial Literacy Month series, “Taking Control of Your Financial Future,” co-sponsored by The Merriman Financial Education Foundation, the Bainbridge Community Foundation and Library U, a program of the Bainbridge Public Library. The series is free and open to the public. Registration required. For more info, go to: https://paulmerriman.com/financial-literacy-month-events-on-bainbridge-island/ Click here to hear Paul’s brief recording about Christine’s presentation.

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EP186 The Pursuit of Time and Money with Dr. Sharon Spano

Play Episode Listen Later Mar 23, 2021 33:59

As a Family Business Consultant, Sharon Spano helps thriving family business leaders develop family alignment so they can deepen their relationships, achieve sustainable business growth, maximize their impact, and secure a multi-generational legacy. Today she joins the show to share insights from her new book, The Pursuit of Time and Money, and explain the three elements of business she is committed to for success. Listen in as Sharon explains why the way you think about money plays a big part in your success and everyday decisions. You will learn how to shift your mindset around money, how to “become a director of your own movie,” and some of the scarcity beliefs that are holding people back from where they want to go. “Every decision we make is based on time and/or money.” - Sharon Spano This Week on Young Money: What Sharon’s day-to-day life looks like as a family business consultant. The three elements of business Sharon is committed to. What spearheaded the idea for her book. How you should think about time and money. What radical abundance means and how to live with that in mind. What scarcity beliefs are. Key takeaways: Shift your mindset around money. Become aware of your thoughts. Step into your biggest life. Be grateful. Be the best you can be regardless of circumstances. Connect with Sharon Spano: Website Facebook LinkedIn Twitter Instagram Resources Mentioned: The Pursuit of Time and Money by Sharon Spano Time and Money Habits Assessment EP062 What is your Money Mindset? EP063 Money Mindfulness with Jessica Moorhouse EP069 How to be Financially Resilient with Jackie Porter EP101 How to Take Control of Your Financial Future like Taylor Swift Join us for the Financial Foundation to Entrepreneurial Peace Training Learn the Keys to Financial Basics & Money Mastery Starting March 22. Register below! With Money Coach Tracey Bissett This LIVE 5 Day training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. Register Now: bizpeace.com In this LIVE 5 Day Training You Will Learn: Day 1: Cash Flow 101 & why it is important to know your #s (Key #1) - Monday, March 22 at 11am EST Day 2: Cash Flow forecasting 101 (Key #2) - Tuesday, March 23 at 11am EST Day 3: Pricing 101 (Key #3) - Wednesday, March 24 at 11am EST Day 4: Stakeholder Conversations (Key #4) - Thursday, March 25 at 11am EST Day 5: Putting into Practice your Full Set of Keys - Friday, March 26 at 11am EST Register Now: bizpeace.com Rate, Share & Inspire Other Young Millionaires-in-the-Making Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media! Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Listener Favorite Returns: Redefining Wealth: Intelligent Financial Planning and Purposeful Life Design with Jean Chatzky & Ida Abbott, J.D.

Harvesting Happiness

Play Episode Listen Later Dec 31, 2020 55:22

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#126 - How Bad Credit Impacts Your Wallet

money saving debt credit impacts wallet personal finance save money bad credit resources books your financial future

Play Episode Listen Later Nov 30, 2020 28:39

About the Episode: In this episode, we’re going to dive into how bad credit can impact different areas of your life, including insurance premium prices, getting a new job, renting an apartment, or even what military clearance you can receive. In our Current Money Events segment, we’re updating you on interest rates and discussing if you should refinance your house. Our success story comes from Matt, who has been able to pay-off over $62,000 in credit card debt, car debt, and student loan debt. Resources: BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future 0% Balance Transfer Credit CardsARTICLE - Rocket Companies Announces Third Quarter ResultsARTICLE - Housing Starts September 2020 TOOL - Early Pay-Off Calculator TOOL - Mortgage Calculator AnnualCreditReport.comARTICLE - Difference Between Credit Based Insurance Scores and Credit Scores ARTICLE - Difference Between FICO and VantageScoreARTICLE - How Much Does Credit Score Affect Auto Insurance RatesARTICLE - Why Do Car Insurance Companies Base Their Rates on Credit Scores ARTICLE - Why Bad Credit Is Bad for Financial CareersARTICLE - The Side Effects of Bad CreditARTICLE - Military Security Clearance IWBNIN Ladder Related Monday Money Tip Podcast Episodes: Episode 18: How to Pay Off Debt Quickly Episode 19: Is All Debt Bad? Episode 28: 8 Ways to Speed Up Debt Elimination Episode 84: Is All Debt Equal? Episode 109: Making Your Student Loans Disappear Episode 113: How to (Re)Build Your Credit Episode 121: How the Debt Snowball Works Email info@iwbnin.com to ask questions or share success stories.

1262: 8 Steps for Planning for Your Financial Future by Kalen Bruce of MoneyMiniBlog on Personal Finance Preparation

Optimal Finance Daily - ARCHIVE 1 - Episodes 1-300 ONLY

Play Episode Listen Later Aug 23, 2020 9:29

Kalen Bruce of Freedom Sprout provides 8 essential steps for planning your financial future. Episode 1262: 8 Steps for Planning for Your Financial Future by Kalen Bruce of MoneyMiniBlog on Personal Finance Preparation Kalen Bruce created Freedom Sprout to fill a void. He heard too many conversations about how "they don't teach finance in schools." It took years for him to stop complaining about it and do something about it. He has five kids, so him and his wife have to get five adults into the world with a solid knowledge of finances. The ultimate goal and vision of Freedom Sprout: To sprout a future of financial freedom for 1,000,000 children. The original post is located here: https://moneyminiblog.com/lists/financial-future-plan/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

1262: 8 Steps for Planning for Your Financial Future by Kalen Bruce of MoneyMiniBlog on Personal Finance Preparation

Optimal Finance Daily - ARCHIVE 2 - Episodes 301-600 ONLY

Play Episode Listen Later Aug 23, 2020 9:29

Kalen Bruce of Freedom Sprout provides 8 essential steps for planning your financial future. Episode 1262: 8 Steps for Planning for Your Financial Future by Kalen Bruce of MoneyMiniBlog on Personal Finance Preparation Kalen Bruce created Freedom Sprout to fill a void. He heard too many conversations about how "they don't teach finance in schools." It took years for him to stop complaining about it and do something about it. He has five kids, so him and his wife have to get five adults into the world with a solid knowledge of finances. The ultimate goal and vision of Freedom Sprout: To sprout a future of financial freedom for 1,000,000 children. The original post is located here: https://moneyminiblog.com/lists/financial-future-plan/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

1262: 8 Steps for Planning for Your Financial Future by Kalen Bruce of MoneyMiniBlog on Personal Finance Preparation

Optimal Finance Daily

Play Episode Listen Later Aug 23, 2020 7:04

Kalen Bruce of Freedom Sprout provides 8 essential steps for planning your financial future. Episode 1262: 8 Steps for Planning for Your Financial Future by Kalen Bruce of MoneyMiniBlog on Personal Finance Preparation Kalen Bruce created Freedom Sprout to fill a void. He heard too many conversations about how "they don't teach finance in schools." It took years for him to stop complaining about it and do something about it. He has five kids, so him and his wife have to get five adults into the world with a solid knowledge of finances. The ultimate goal and vision of Freedom Sprout: To sprout a future of financial freedom for 1,000,000 children. The original post is located here: https://moneyminiblog.com/lists/financial-future-plan/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group and Join the Ol' Family to get your Free Gifts! Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily --- Support this podcast: https://anchor.fm/optimal-finance-daily/support

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1262: 8 Steps for Planning for Your Financial Future by Kalen Bruce of MoneyMiniBlog on Personal Finance Preparation

Optimal Finance Daily

Play Episode Listen Later Aug 23, 2020 6:30

Kalen Bruce of Freedom Sprout provides 8 essential steps for planning your financial future. Episode 1262: 8 Steps for Planning for Your Financial Future by Kalen Bruce of MoneyMiniBlog on Personal Finance Preparation Kalen Bruce created Freedom Sprout to fill a void. He heard too many conversations about how "they don't teach finance in schools." It took years for him to stop complaining about it and do something about it. He has five kids, so him and his wife have to get five adults into the world with a solid knowledge of finances. The ultimate goal and vision of Freedom Sprout: To sprout a future of financial freedom for 1,000,000 children. The original post is located here: https://moneyminiblog.com/lists/financial-future-plan/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group and Join the Ol' Family to get your Free Gifts! Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily

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Is learning new skills the KEY to financial security?

Money Making Sense

Play Episode Listen Later Jul 22, 2020 30:20

If you are struggling during the pandemic recession, now may be the time to learn a new skill. Author, Brian Ursu, says all hands on deck are required to restart the economy. And, that may include re-inventing yourself. Learn more of Brian's financial theories, including teaching your children these life skills in his book "What Now: A Practical Guide to Figuring out Your Financial Future." You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here.

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Your Financial Future with Adult ADHD

ADHD Support Talk Radio

Play Episode Listen Later Jun 18, 2020 28:43

Rick Webster joins co-host Lynne Edris to talk about Your Financial Future with Adult ADHD. Learn how small steps and changes in the way you think about yourself and your relationship with money, and simple tips, can change your financial future. Rick Webster, CEO and Founder of Rena-Fi, Inc. has spent the last two decades deeply involved in the ADHD community, helping people with ADHD find solutions for their own ADHD-related challenges. Diagnosed well into adulthood, Rick possesses an understanding borne from years of difficult, first-hand experience of living with undiagnosed ADHD. Because of these experiences, Rick works as an ADHD coach and advocate, bringing a wealth of practical life strategies to the issues of living (and living well!) with ADHD, and specializes in coaching ADHD entrepreneurs. Rick is the regional coordinator for the Northern California Chapter of CHADD and serves on the Board of Directors of CHADD National. He also enjoys collaborating on projects with the ADDA organization whenever possible. Through his work with CHADD and as an ADHD coach, Rick has been invited to speak on the topic of ADHD symptom remediation to therapists, psychiatrists, and other mental health service providers at Kaiser Permanente annual conferences, and at other events. Learn more at Podcast Co-Host Lynne Edris helps distracted professionals overcome overwhelm by reducing procrastination and improving time management so they have more time, more energy, and more money for what they love most! As a woman with ADHD herself, she has been where her clients are and come out the other side, so to speak. She’s gone from living in a constant state of chaos and under-performance to a life full of success and fulfillment! Learn more about Lynne at www.CoachingADDvantages.com, and text keyword “HACK” to 444999 to get her 7 Fool-Proof Productivity Hacks for unfocused professionals! ADHD Support Talk Radio is an award winning Podcast for Adults with ADD / ADHD. Co-hosts Tara McGillicuddy and Lynne Edris are joined by Adult ADHD experts and they cover important topics related to Adult ADD / ADHD. Podcast guests include Dr. Edward Hallowell, Dr. Stephanie Sarkis, Dr. Ari Tuckman, Laurie Dupar, Terry Matlen and many more. Tara McGillicuddy is the Producer, Owner and Co-host of the ADHD Support Talk Radio Podcast. You may contact Tara with general questions or feedback about the podcast. Lynne Edris is the Co-host of the ADHD Support Talk Radio Podcast. You may contact Lynne with feedback about her episodes or if you are interested in having her interview you as a guest.

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Redefining Wealth: Intelligent Financial Planning and Purposeful Life Design with Jean Chatzky and Ida Abbott, J.D.

Harvesting Happiness

Play Episode Listen Later May 26, 2020 57:01

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Episode 164: Loving Your Work and Mastering Your Niche, with Gino Barbaro

The Smart Real Estate Coach Podcast|Real Estate Investing

Play Episode Listen Later May 8, 2020 24:59

Gino Barbaro is an investor, business owner, and entrepreneur. He has been investing in real estate for 15 years and has grown his multifamily portfolio to over 1,400 units in just six years and over $90,000,000 in assets. He has teamed up with Jake Stenziano to create JakeandGino.com, a real estate educational company that offers coaching and training in real estate investing. He is the best selling author of Wheelbarrow Profits. Gino is a graduate of IPEC (Institute for Professional Excellence in Coaching) and is a Certified Professional Coach. He is also the author of the best-selling cookbook Family Food and the Friars. He currently resides in Florida with his beautiful wife Julia and their six children Gabriella, Michael, Sofia, Veronica, Cecilia, and Laura. What you'll learn about in this episode: How Gino realized he needed to make a life change and find a new passion, and how he got involved in multifamily real estate How Gino met his business partner Jake, and how they went into business together and found tremendous success in their chosen niche How Gino balances his work with his responsibilities as a husband and father of six, and why systems, people, and culture are the keys to both aspects of his life Why you have to fall in love with your work, your people and your processes to truly excel in your work What obstacles Gino recognizes in coaching students that are just getting started in multifamily real estate What mistakes Gino made early on in his multifamily investing, and what key lessons he learned from them Gino discusses The Honey Bee: A Business Parable About Getting Un-stuck and Taking Control of Your Financial Future which he co-authored with partner Jake Stenziano Why it is important to learn, do, and then teach, and how coaching others can make you a better investor and create new income streams Gino shares details of one of their big wins, and he explains why patience and persistence are the secrets to great deals Why it takes time to master whatever niche you choose to focus on, and why Gino's father was his first business mentor Resources: Website: www.SmartRealEstateCoach.com/jakeandgino The Honey Bee by Jake Stenziano and Gino Barbaro: https://amzn.to/3f5Fqda Website: https://jakeandgino.com/ Facebook: www.facebook.com/jakeandgino Twitter: @JakeandGino LinkedIn: www.linkedin.com/in/gino-barbaro-03973b4b/ Instagram: www.instagram.com/jakeandgino/ YouTube: www.youtube.com/channel/UCc3wzHivzXxcgSTtDam4vnw Additional resources: Website: www.SmartRealEstateCoachPodcast.com/webinar Website: www.SmartRealEstateCoachPodcast.com/termsbook Website: www.SmartRealEstateCoachPodcast.com/ebook Website: www.SmartRealEstateCoach.com/QLS/

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EP: 13 How to Take Control of Your Money, Part 2

Debt-Proof Living with Mary Hunt

Play Episode Listen Later Mar 17, 2020 25:05

Please take our very short survey! http://survey.libsyn.com/debtproofliving This episode was recorded in February 2020 prior to the widespread economic effects resulting from COVID-19 stay-at-home regulations. 0:01 It’s the same thing with money... I'm promising you. Welcome to Debt-Proof Living with Mary Hunt it's all about life money and how to live well and thrive below your means. Today on Debt- Proof Living with Mary Hunt, we continue along our journey based on one of Mary's best selling books 7 Money Rules for Life, How to Take Control of Your Financial Future. That book is available online or wherever fine books are sold. This episode is part two of our series, How to Take Control of Your Money. 0:38 Mary: Hi everyone! This is Mary Hunt. I'm so happy you're with me today for this episode. We are putting together the series basically for how financial intelligence is going to improve your life. I know that sounds so academic, doesn’t it? This is just basic basic rules for life having to do with your money. Think about this. If you have children or wherever a child yourself which I guess includes every single person you know. We grew up with rules. Probably the first one I ever remembered 0:56 having to do with your money think about this if you have children or wherever a child yourself which I guess includes every single person you know we grew up with rules and probably the first one I ever remembered learning was crossing the street. 1:10 There's a rule - you just don't run out, you stand there. Are you with me? You look left. You look right. You see if a car is coming and then you can proceed cautiously. We all know that. We don't have to relearn that every day of our lives. We just know it. It becomes instinctual. How about -oh, I don’t know- touching a hot stove? You'll do it once, maybe, but that'll be all. Managing money is, it is very similar to that. There are underlying rules that, if broken, if not paid attention to, can really really mess up our lives and if you haven’t listened to part 1 in this series 1:50 you might want to do that because how do I reveal just exactly how not following rules or in my case not knowing the rules— I didn't realize that there was a fine art to managing money that we all need to know about. So make sure you either go back and listen to that or a read about it. Whatever. But we're going to pick up today and I want to talk a little bit more about how to look at this. As we proceed and I only know this about you because I know myself. It's going to be easy to see everything I talk about and we discuss here through the lens of your current financial situation. 2:32 I don't know what that is but mine is much, much different than yours. It's very unique. You might have some student loans. You might have a couple of past due bills right now. Perhaps you're out of a job. Your situation is huge and it's easy to say there's just nothing that'll fix it now. It's too late. It's not too late. It’s not. Believe me. So what I want you to do. I want us all to mentally do this. I call it clean sweep and I only take that because that was the name of a television show on cable years ago. (I loved it.) 3:13 The premise was that the show would go into the home of someone who is having trouble with the organization, had a big mess, maybe even on the brink of being a hoarder. It was called clean sweep and they would come in and the show would do a clean sweep. Re-organize. At the end of the show everything's perfect. You know they walk in and their new home… oh it was fabulous and I loved the show. But the premise was this. They never attempted to organize clutter. It's impossible. So taking that principle here to our series here on how to manage and take care of money. 3:52 In your mind I want you to just do a clean sweep. Just push everything out of the way. All the debts. Are the challenges. Whatever your situation might be. Even if it's fantastic. If you've got so much money in your savings account you don't think you'll ever ever ever have to worry or learn how to manage money. Get rid of that part too. Let's get just a nice clean canvas as we proceed. OK, ready? Here we go. 4:20 Rule Number One. It's not difficult. Here it is. Spend less than you earn. Five little words. They become so, so unthinkable in our society and where we are in the world today. Do you know credit has become such a huge part of our lives? I shared with you in part one just how it affected my life. This first rule is so simple. I hope it doesn't prompt you to just blurt out- oh come on Mary everyone knows that. 4:51 Well, I promise you not everybody knows it or at least lives according to that. So the first money rule for life is so logical but so misunderstood that so many people miss it. There's a lot of competition for your mind and your wallet these days and there's a big world out there that would rather you not pay too much attention to this first rule. Spend less than you earn. Let’s talk about that. 5:30 There's many ways that people might refer to this. One of them is live within your means. If you live within your means, what that indicates is that you don't spend more than you earned. So let’s say you earned $1000. If you live within your means, you spend $1000. Ok? Of course you could spend less, but that's your max. You can spend as much as you have. If you spend less than you earn which is our rule. Spend less than you earn. 6:09 It means that you spend LESS than $1000. Now am I splitting hairs? NO. I'm talking about a principal. The difference between what you spend and what you earn is a gap. OK, is it $1? Maybe it's $100. Maybe it's $500. I don't know, but there's a there's a gap there. Here's the principle. It’s in that gap that you are going to find financial freedom. It’s the money you don't spend that is going to allow you to live the life you love. That's the principle of rule number one. 6:50 So live below your means— is correct. Spend less than you earn. Live within your means means that you can spend it all. All right! The principle is we were looking at that gap. That part that you are not spending. Because… if you're following along in the book you're going to see some simple charts there that I hope will be very revealing. It’s in the a gap that you're going to be able to build an emergency fund. It's in the gap that you're going to learn how to start investing. It is in that gap that you are going to back away from debt. You're going to be able to pay off your debt. You’re going to be able to go forward to live debt free. 7:30 You're going to eventually be able to live in a mortgage free home. See all those things are available if you stop spending all that you have or even worse— spending more than you have by going into debt. All right. So that is rule number one. Let’s talk about how we do this. Oh my goodness. First thing we have to deal with is: what's the difference between needs and wants? That has become so blurred in our world during the last— oh I’d say— couple of decades. 8:03 but even more so in the last year or so because we're living in an amazing economy in the US. I don't know how long this is going to last, but people are working. Unemployment is almost unheard of thing. People are getting raises. The wages are going up because of supply and demand. When there are fewer people to work employers must pay more to get good employees. So it is just part of life. So, it's easy to think: Oh you know what? Let's move into a bigger home. Let's let's get some new furniture. Things are going so great. We’ll be able to pay it off in a short period of time. 8:42 A great economy doesn’t necessarily mean that we're going to stop spending more than we have. In fact, just the opposite is more likely. So we need to get rid of our ugly attitudes of entitlement. You know, I deal with that a lot when I when I wrote about my book for children: How to Raise Financially Confident Kids. We need kids to get rid of those attitudes of entitlement, but you know what? Adults have them too! Do you know— oh me, I just got an awful old iPhone 8 I need the… What what's the latest one, Julie? 11? 12? 14? 98? Julie: I don't even know cause I have a 6 Mary: Oh dear, I don’t… you know….they do become part of our lives. That’s a subject for another time. 9:26 but…just think of all the things that our lives absolutely do not depend on, that we find the absolute needs not wants. Dealing with needs and wants is not easy. I got to tell you what I did when I was in my really rough time when I was making this journey myself. I want to tell you about a quick little flow chart that I created years and years and years ago when I was in, that you know, dealing with this whole issue of coming out of that dark night of financial distress. There is a copy of it on page 57 of the book if you’re interested. 10:04 You could photocopy it. Write it up yourself. It's just a flow chart. It starts out, do I need it? If I say yes, then I go on to can I afford it? But if I say do I need it, and the answer's “Well, no, not really.” Then it is the end. I just saved myself from making a foolish purchase. These little tricks really, really help you do to do that. I also want to talk about widening the gap. At first, there's many of us who are making tremendous progress if we can end up on the next payday having not spent one dollar, a single dollar, from the previous paycheck. 10:43 That’s a start. That's a tiny, tiny gap. There are so many ways to widen that gap. So I just want to go over a few of them and these are from my history folks. These are the things that really, really spoke to me. Helped me. I wrote them all down. The first one is borrow and share. Rather than feeling like I had to buy something new. Always have to own that movie. It’s a change of mind for me and I have to tell you that, yes, my watch word was Blockbuster and I know probably don't remember that, but do you know there was a time…? Julie, she shaking her head. Do you remember Blockbuster? We would actually walking to the store look at all the movies. 11:22 Julie: I do remember it and actually that was… my husband was working there when I first met him. Mary: Really? Julie: Blockbuster is close to my heart. Mary: Yes, yes. For me, that started mind a mind-altering kind of thing because I realized I didn't have to own things in order to enjoy them. Something else, this is easy now because a lot of people don't like to go to the mall. But years ago when I was going through this the mall was my place that was my antidepressant. That was my happy place. That was where I could get away and take my kids. I’m sorry. I’m sorry boys. I took you to the mall way too often. 12:04 I had to stop that. I had to see that, that was like a slippery place for an alcoholic. It was, it was my bar! Gosh, that's so hard to say. But it was the absolute truth. Something else that I did was to limit my exposure to advertisements. I had to stop looking at women's magazines. Now, this was a time, yeah, Internet wasn't that big of a deal. But I could go through a woman's magazine… in a fact, there’s something you maybe not know, Julie. Do you know that I was a contributing editor for Woman’s Day magazine for 10 years? 10 years! (Julie: Wow) 10 years I wrote for them. 12:40 So I kind of know I would see all that. I would have to stop reading magazines. I couldn't trust myself. It was like I was a spoiled brat. Something else, and this is still true today, much harder than it used to be, I lived with cash. I'm talking about your day-to-day walking around money. What you have in your purse. I had to learn, I could not carry plastic with me. I could not. My drivers license I considered paper, but no, I'm talking about debit, credit, gift cards, all of that. I had to put them away because if I had them too handy, I was mindless with them. 13:19 In future episodes we're gonna talk about living with cash. There’s some great great tips and tricks. I'm gonna teach you. But back to our list here. Spend free days. Oh my goodness! Do you want a wake up call? Do you wanna see into yourself? Do you want to clear your vision? Come out of the fog? Determine, and this is gonna be hard. I know you can do it! We can do it together. Let's all do it. OK. Commitment. All right. We are going to start by naming a get a spend free day. I don't I will let you know, but we’ll think about it and let you know. Julie and I will try this out. 13:56 Here's how it works. You can plan ahead. That's fine. For one- 24 hour period you are not allowed to spend. And that's in any way! You can't pay the mortgage. You cannot pick up milk on the way home from work. Whatever. Can't go online. Can't go to Amazon. Spend-free day. (Julie: Nothing.) Nothing! Can't eat out. Nothing. You can't believe what’ll happen. Another way to do this is to save the difference. This just goes in a lot of different ways. What I'm talking about is if, let’s talk about the grocery store. You're shopping. It's not your spent free day. You have some coupons and you’ve got on that’s for $1. $1 coupon! I love it when there are 3 digits in a coupon. 14:40 So you pick up whatever that item is. You take it to the check out. You get your dollar off. You save the difference. You get it. You just don't let that dollar you saved melt into the atmosphere. Just take it put that one dollar into a secret savings place. It's great great principle. 15:02 Here’s something. Stay healthy. There’s nothing like medical bills to obliterate any gap you might have in your life. How about this one? Cook in. Stop eating out so much. Julie, have you been to McDonald's lately? I went there recently. Julie: it's expensive for a family, for a person. Mary: I almost had a heart attack. I took my two grandsons. The three of us went for lunch. Two little boys, well sort of, and me. It was, it was like almost $30. I can't believe it. What? Of course, I let my kids pick what they like. I'm telling you I am about… I about… I couldn’t even finish a sentence just like right now… so expensive. Cook in. Oh my goodness. You can't believe the money you'll save. 15:50 Pare down. You know we're overrun with stuff. Just get rid of stuff. Pare down. Number 10. We’re getting to 12 here, so we’re almost there. Don't pay retail. Oh I love that! That’s my watch word when I go grocery shopping and I plan my meals and so on. If it's on sale, yes. It's not on sale, no. We’ll wait till later. We’ll wait until it does go on sale and then we’ll get two to last till next time. Number 11—unfriend the Joneses. Does this happen to you? You’re having a wonderful day. You drive home and see your neighbors just drove up and parked a brand new SUV. There your car is and it’s a little scratched. Kind of old. Needs new tires. 16:35 That’s just an awful feeling. I hate that. That wanting to let my neighbors, allowing my neighbors to determine my decisions and so on. Just unfriend them. Not really. Not in true life. Don’t tell them! Just stop trying to keep up with them. And number 12— increase your income. Yeah, that'll help with that gap and less you keep spending up to the limit there. Finding new ways. Get a side hustle. Do something. So many things and by the way if you're not getting my blog post every single day (www.everydaycheapskate.com) You are missing out on so much. We talk about this a lot. 17:16 OK so that's rule number one spend less than you earn. OK Julie, did I stir up any questions? Julie: I do have a couple questions for you because I love how you were talking about the gap. In the gap is where you find the financial freedom. A lot of people think I find the financial freedom when I can spend whatever I want anytime I want. But the gap is that place and so I was thinking of that. I was thinking about needs versus wants. What could I be content with? Actually when you asked me what version of the phone iPhone I have. A 6 sounds so old, but it works fine. Mary: You're talking about the phone. Julie: I'm talking so but I'm talking about is… I guess I wondered if you could speak to, a little bit about being content with what you have. Or a time that you, maybe a time from your own story where if you have a specific place and in your mind where you thought, “You know what? I can just go with what I've got.” Mary: OK let's go back to your first one. Let's talk about financial freedom. What is financial freedom? What is that thing that we find in that beautiful place in life where we are spending less than we earn? I think it has…let's take away from money for a moment. 18:36 Let's talk about kids, raising children. As they become teenagers, they get more and more freedoms, right? But as you give your children freedoms, and they earn freedoms because they show a maturity and a discipline that they're able to handle that. Let’s say that it has to do with them being able to stay out later at night with your friends. Which I know is a big deal. (Julie: Right) You would, you would not in 1 million years expect that your child will take that to mean, “Oh good, for two hours of my life I can do anything I want. I can rob banks. I can I can egg cars. I can be a vandal. I can do anything I want because I have freedom to do anything I want. 19:15 It all comes in that want. (Julie: yes) Because if they have been raised properly. If you have instilled in them the values, beliefs. You expose them to God's Word. And they have embraced those, those things in their lives that you've taught them. Their wants are going to change. They’re not going to want to do that, because all of a sudden freedom now gives them not no boundaries, but allows them to live out the boundaries and rules and the values that they have learned. 19:53 It’s the same thing with money. I'm promising you that when you have that gap. When you have, let's say $10,000 cash in the bank in your emergency fund, that doesn't mean that you live like an idiot. No! You drive more carefully. I promise you you will. (Julie: Right) because you don't want to have to take any of that $10,000 to pay for a deductible on a car wreck that was your fault. 20:18 You are not going to let the paint job on your house get to the point where it's gonna cost you twice as much because it has deteriorated. You'll become so much better at maintenance. You will become so much more frugal when it comes to replacing things. Say you need a new sofa. You've got a nice gap. You have no debt. The last thing in the world is that you want to go into debt and so you see things through new eyes. You see things through eyes of financial freedom that you have. You have the freedom and I'll tell you there is bondage to be in debt. 20:56 because when you need that new sofa and your only choice is to use the available credit on one credit card and you've only got $600. Well, yeah, you shop well. But not for the reason we would've thought. So financial freedom doesn’t mean I have so much money I can have everything in the whole world. It's I have enough money to have those things that I need and some things that I want and you wants change. To me that is contentment. It’s knowing that I have options. I have choices. Does that help? Julie: That does help, and then I wondered also if you could speak to the fact that maybe listeners are thinking: You know what? This is all great, but in this day and age I do have three kids. They all need a phone. They all do this. They all are in sports, are all eating, and there is just- the family budget is just has so many more expenses than my parents day. It seems like there's no way that I could possibly spend less than I earn, because of all the pressure on a family budget now that wasn't on a family budget 30 years ago. I don't know if that's really true but I've heard my friends say that exact thing. 22:12 Mary: Well, I understand that. I also have to say that we need to rethink. We need to rethink. I have worked with families who have been in such dire situations that they didn't have the options that you speak of. Now, it might sound like a phone for everybody in the whole house is absolutely mandatory. I promise you that it's not. It's not. It might seem wise and for some people, they might choose to make it mandatory. But it's not. One family I'm thinking of right now with three teenagers. They had one phone between the three of them. 22:51 And the parents would decide on a certain day who needed it the most. Then they taught and what do you do if you don't have a phone. Julie, there was a time none of us had phones. Julie: We had a dime or quarter. Mary: Children are fine. You grew up fine. OK. Yes, there were phone booths, but I think that friends have taken the place of phone booths. If you’re in a dire situation, you can always find someone who can make that call for you or allow you to use their phone to make it. That’s another subject for another day. What I’m saying is that we have to really rethink what is absolutely necessary. I know some families who think their kids having a meal card at elementary school is actually mandatory. No, it is not. Children can still take lunch to school. Really, that’s what Everyday Cheapskate, my blog, my daily email is all about. Helping people to find all these ways to be able to reduce the expenses in order to widen the gap. I even wrote a post on how to widen the gap: bake bread. Yes, little things like that. 24:00 So I would say to your question that, yes, we have many expenses perhaps. Every teenager in the home doesn’t have to have their own car and we need to rethink a lot of things. Especially during the period of time are you getting out of debt, because I'm telling your credit card debt that interest-rate is chewing up peoples gap like you can't believe it. Getting rid of that it's going to really, really help. Julie: Thanks Mary, I appreciate that. Mary: Thank you for joining me on today's episode and I hope that you'll join me for the next one. See you then! Debt-Proof Living with Mary Hunt was created and hosted by, Mary Hunt. Produced by Julie Emerson, with Harold Hunt, Executive Producer. Save time. Save money. Every Day. Make it easy on yourself! Become part of the community and subscribe for free at www.everydaycheapskate.com. That's where you will find all the ways you can follow Mary, Everyday Cheapskate, and Debt-Proof Living. Thanks for listening! Everyday Cheapskate participates in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon affiliated sites. There are affiliate links in this post. If you click through and make a purchase, we may receive a small commission at no additional cost to you. Thanks! Read more here.https://www.everydaycheapskate.com/?p=17323

EP:12 How to Take Control of Your Money, Part 1

Debt-Proof Living with Mary Hunt

Play Episode Listen Later Mar 17, 2020 38:07

Please take our very short survey! http://survey.libsyn.com/debtproofliving This episode was recorded in February 2020 prior to the widespread economic effects resulting from COVID-19 stay-at-home regulations. 0:15 Welcome to Debt-Proof Living with Mary Hunt. It's all about life money and how to live well and thrive below your means. Today on Debt-Proof Living with Mary Hunt we begin a very special series based on one of Mary's best selling books, 7 Money Rules for Life: How to Take Control of Your Financial Future and in today's episode the cost of financial ignorance. 0:44 Mary: Hi everyone I'm Mary I'm so happy you're here with me today for this episode. I've got a question for you. You ready? If you had to pass a test to prove you could handle money before you could get your next paycheck, you know the way that you have to pass a test to prove you can drive a car, would you get paid? 1:03 The sad truth is that millions of us wouldn’t. When it comes to managing money Americans young and old are flunking out. They don't have a clue. I know that I was in that position years and years ago and I'm gonna tell you a little bit about that before we do that I just want to kind of give an overview of where we are right now. 1:31 The economy seems like it's just fabulous people are working hardly anybody is without a job. Homes are appreciating like crazy. Wages are going up. It costs me less to fill up my car with gas than it did a couple of years ago. It all looks so rosy. But oh my goodness, the other side of the coin is what's happening to individuals. Now, I'm not talking about our national economy so much as I am a personal economies 2:02 After all I don't know about you— there’s nothing I can do about the national debt. I can wail. I can whine. I can vote…but there's nothing I can do to pay back trillions of dollars in our national economy and you can't either. But you know what, we do have control of our personal economies and that’s, that's what we want to start talking about. 2:31 It’s staggering and I'm not gonna hit you up with a lot of statistics right now although I could. Only yesterday, yesterday I was reading the Wall Street Journal where they reported… this is blows me away… that credit card debt outstanding in this country has risen by more than $46 billion in just the last quarter somethings wrong here people. This is something really awful. It is now exceeds it it's almost $1 trillion that we owe in credit card debt outstanding well I shouldn't say we because yes I”m going to tell you the end of the story- I’m debt free. I have no 3:12 credit card debt any more but I want to help you in that area as well so let's get back to this whole matter of what's going on in our country. It's unbelievable with more jobs with people working more wage is going up it seems like our credit card debt should be going down right because most people should be paying it off every month. But that's not happening! and if you look at my mailbox you will see that people are in trouble now more than ever. Statistically 77% of Americans are now living paycheck-to-paycheck without any emergency fund, without any savings. 3:50 They have absolutely nothing to fall back on should the least little thing go wrong! So, what happens with the refrigerator goes out or the car needs tires or breaks? Pull out the credit card! Isn’t that the way we’re living? It's very scary and then if we talk about student loans oh my goodness. It is heartbreaking! Students. Parents who have a prepared feel like the only way that they can handle this momentous situation and season of their children's lives is for all of them—parents and students to take out these massive student loans. (I’m telling you something - its not right 4:30 It’s not good. This is going to sink Americans one-by-one unless we wake up. Let's go back to that question. What grade would you give yourself if I gave you a test on personal finance? Well don't worry. There's no test going on because I of all people have no right in order to do that. I would not judge you in that way at all. What I want to offer you is help. I want to share with you what I have learned over the years. It's been quite a few years now and I do have some experience. Not only 5:12 with my own life my husband and my situation. I have, I, I am humbled to say that I've been able to lead thousands of people out of debt into a lifestyle where they are spending less than they earn. They are saving for the future. They're not going into debt needlessly. They have homes. They are living what we call a debt-proof life. That's where you're paying as you go and you’re scaling your lifestyle to meet the amount of money that you earn. One last thing I think I want to say before I want to tell you my story 5:55 I want to tell you right now that I think, I know for certain, I know that you are a millionaire. Don’t believe me? All right. All right. Let me prove it to you. As of today, as we speak, statistically, and this is all kept somewhere. The federal government does all this. The median US household income is $63,179. That's everything combined that comes into your home. You may make more than that. You might make less. Median means that half of Americans make more, half make less. 6:35 So let's just take that average, that small amount. It sounds small, doesn't it? Some people would say that's poverty levels for some households in a bigger cities areas where is expensive to live. Now I want to take that amount $63,179 and multiply it by 45. That is the number of years that you are expected to work. That's the American way. Before that you're ready to retire, you put in 45 years of employment. Now of course you're going to get raises over the years. You’re going to make job changes and all, but let's just say that you stick right to 63 179 your entire working 7:17 career should be multiply it? $63,179×45 is ready? $2,843,055. You are a millionaire! You say that and you are getting your millions one paycheck at a time. How are you doing with it?How are you managing that money? That's what we're going to talk about in this series. I can't wait to share with you what I've learned when I've helped other people to learn and the successes that have happened by learning 7:57 something simple called the Seven Money Rules for Life. Today I want to tell you a little bit about my story. My pulse raced as I sign my name. What is the sales clerk called the bank to see if I had the money in the account? Or worse, what if she called the police? I was about to attempt to pass a hot check. Something I had never done before and I was sweating bullets! Just days before, I arrived in Southern California and moved into the college dormitory which will become my home for the next four years. The student handbook was filled with rules and helpful hints for student life including 8:39 information on how to open a student checking account and a local bank. So, I did. I'm a rule follower. Fitting in and getting up to speed social he was a top priority for me. So when my roommate invited me to go to the mall I jumped at the chance! Honestly, I've never seen such an amazing place. I have no idea what I bought that day. It was all but spur the moment. The other girls were shopping and I wanted to be cool and independent like them. Making my own decisions and getting to decide what I liked was new for me and, boy, did it feel good! I experienced a few moments of anxiety as I traced in my mind what I was about to do. 9:20 I knew that I didn't have enough money in the bank to buy anything. The good girl in me was cautiously reluctant. But the naughty girl? She said just go ahead—go for it! Nothings going to happen that’s bad. Besides, you deserve what you want. So I wrote a check knowing I didn't have the money in my account. That was back— well, years ago before the days of electronic checks, high-speed computers and instantaneous transactions. I knew that I was about to get a paycheck for my new campus job and with any luck I get it into the bank before this when I was writing was going to clear. That was my plan - all would be well. 10:00 This powerful event in some sick, twisted way fulfilled the promise I made to myself at the ripe age of 11. I said when I grow up I'm going to be rich! The second of four children, I grew up in a sheltered environment. Looking back now I can see that we were as frugal family as you could get it at the time. I didn't see it that way. My childhood perception was that we were dirt poor and poverty stricken. My mother didn't work. My father was a pastor and I had to wear clothes from the thrift store. It was embarrassing. I hated my life, and dreamed about the day when I would grow up and get to make my own decisions 10:44 and have things other people had. The Sears catalog was my planning tool. I’d secretly shop and make lists of all the beautiful linens and furniture and household items that I would buy and furnish for my dream home. I found my future family and their respective sections of the catalog and outfitted them all. Oh, they wore the most beautiful clothes. I bought my children toys. My husband had a riding lawnmower. I even bought a white picket fence! I lived in a fantasy world. Creating a life I would have one day when I was old enough to leave home. Now seven years later and far from home in a big beautiful department store with a checkbook in hand, I 11:24 felt as if I had arrived. I could buy anything I wanted. I felt rich and it felt fantastic! My experience that day was a defining moment that would change the course of my life. Simply knowing that as long as I could get away with it I could have it I want it even if I didn't have enough money to pay for it. That changed me in ways that could all but ruin my life. We’re not talking about credit cards here. I managed to squeeze that kind a promise from a checking account! It's not like I had experience with deceit or breaking rules. In fact, I had always been a compliant, obedient child and certainly never one to 12:07 flirt with dishonesty or anything else that might be considered sinful. In all of my strict upbringing, which mostly centered on what not to do, I didn't learn a thing about managing money. Reconciling a checking account was completely foreign to me. APY? A budget? Not a clue. To this day I don't know if my parents assumed I would learn money management skills or some kind of a financial osmosis. They may have thought that one semester of high school bookkeeping would set me on the right fiscal path. Maybe they figured I do it most women didn't those days and marry and man who would take care of all the money details for me. 12:50 Most likely it didn't cross their minds to teach me how to handle the currency of life. It was simply not a topic that anyone talked about. I did graduate from college and managed to stay out of jail in the process. Unfortunately my financial shenanigans didn't start with the first hot chick that day at the mall. I came to enjoy the option of being able to spend my money before I had it in my possession. I discovered it having more than one checking account allowed me to do that more efficiently, because I could buy more time. Honestly, I didn't know that having checking accounts in several different banks in order to pass checks between them to give them time to cover checks I’d written (a practice known as 13:35 check kiting) I had no idea that was illegal. I thought I discovered a very clever way to manage all the money I didn't have. I don't claim to get a master of manipulation. I was pretty good at it. Now and then I’d mess up and I get those nasty phone calls from the bank or on occasion a merchant letting me know that my check it bounced. I hated it when that happened. Shortly after my 22nd birthday, I made a big life decision I knew would fix my money problems and move me closer to my goal of being rich. I got married. I don’t mean that I just got married… 14:17 I got married to a banker! I was madly in love of course, but it didn't hurt one bit to know that I was marrying well. It was shocking to me to learn after we've been married for a few months, that as a management trainee Harold did not make the insane amount of money I'd always associated with the banking profession. It took even less time for that banker to discover that his new wife had, well, shall we say, a little problem spending. To say that I was a prime target for the consumer credit industry is putting it mildly. In my heart I knew that a checking account was never meant to be a financing tool. 14:59 It took a lot of effort to make that work. But a credit card! Now that was completely different! And exactly the instrument I needed to kick up my buy now pay later financial habit even a few more notches. Companies were falling all over themselves to give me credit cards because of course they discovered that I was so credit worthy. This was before the law was amended to make it illegal for companies to send out the credit cards unsolicited. Even better they trusted me with a lot of money! I mean credit- which elevated my opinion of myself. After all, if they thought I could handle thousands of dollars of available credit 15:43 apparently I could. And wasn't that a pleasant surprise! I begin collecting credit cards away some people collect baseball cards. It was fascinating to see just how many I could get. I didn't intend to use them but I love the sense of security I had just knowing they were safe in my wallet. It didn't take long however for me to find plenty of reasons to use them. After all I had emergencies! Since the reason for having the cards in the first place was should be prepared in case of emergency. I found it perfectly reasonable to use them in that way. my way of living with simple: spend money until you run out, and then spend credit. 16:26 or the rest or use the credit to preserve your money I would often default to the if-it-feels-good-do-it method which is closely related to if-it’s-on-sale-it’s-a-sign-that-God-wants-me-to-buy-it. The arrivals of our two sons Jeremy and Joshua give me new reasons to need more money. That meant chasing ever increasing amounts of credit. What began as monthly balances that we could pay in full turned into only the minimum payments required each month. The debt grew little by little at first. It didn't seem like a big deal because the monthly payments seemed affordable. It took no time at all for the line between 17:08 Harold's income and our available credit to blur to the point that I lived as well the credit was the same as income. Just one big pile of money which to make the best life possible for my family. When the pile would evaporate I’d find more credit. I learned quickly the various store’s and bank’s credit card rules. Use them often. Pay the minimum monthly payment. View credit limits as if they are gold stars on your character and personal worth. If you need us to increase your credit- just call. Being a good consumer and playing by retailers rules was like 17:49 getting regular raises. While I didn't dwell on it, somewhere in the back of my mind I knew that the debt I was amassing would have to be repaid someday in another time and place far far away. I believed that it would all work out just like magic. When we been married for about 12 years I begged Harold to quit the bank so that he could start his own business and we could become rich entrepreneurs. I knew that his banker salary would never cut it. Finally he did leave his job because he wanted to make me happy and we became the newest independent distributors with a group that promised us that we would become rich. 18:30 We committed the two fatal errors of self-employment. We got into a business we knew nothing about and we did it with borrowed funds. Within four months my dream turned into our collective nightmare as we lost our business and walked away with nothing but more debt. I didn't intend to ruin my life but gradually over time I came this close to doing it. I made a horrible mess! One that put our home in a threat of foreclosure and left us unemployed. In the fall of 1982 my world came crashing down. I had no idea how much debt we had, but I knew it was a lot. 19:14 There were even accounts and debts that Harold didn't know about. That day I found myself flat on the floor on my face. I've never felt so alone and so afraid in my life. I had no more options no where to turn and no idea what to do. I was completely out of hope. That day was my turning point. Lying there on the floor I knew that my only option was to look up and that's what I had an amazing encounter with the God of the universe for the first time I saw the ugliness of my greed and what it had done to my life. 19:53 It was more than I could bear. I wept and remorse for what I had done. It wasn't my rotten luck, my husbands under paying career or any of the things I blame that landed me in this pathetic place. It was me. I'd been demanding, self-serving, manipulative and deceitful. I was in the worst jam imaginable and I had taken my family with me. I had no idea what to do except a call out to God and ask him to forgive me. I asked for another chance in an opportunity to pay back the debt and to change my ways. as I got up off the floor that day the fog 20:35 didn’t lift to reveal a pile of money that we just fix everything. But I knew I'd been forgiven and in that promise I found new hope that my life could be better. You might assume that I with my newly found determination to become money-wise together with my husband and his banking and finance background would know exactly how to take charge of our personal finances. But you'd be wrong! Honestly, we didn't have a clue what to do! Within a few weeks though what I can say now is an amazing set of circumstances, I went to work as a part-time industrial property manager. Odd because I didn’t seek that job. It came looking for me. 21:17 A gentleman whom I met years before sought me out offering me a job on terms that I could choose. I could choose to work in his family’s real estate development company. For the next two years Harold and I reversed rolls as I became the breadwinner and he a stay at home dad. As I began receiving regular paychecks, I realized how ignorant I was about what to do with money. Admitting that I didn't know it all was something refreshing. My heart had become tenderized and that diluted my arrogance and pride making me willing to be eager to learn. Compared to our bills and outstanding debts a single paycheck was like a rain drop in the ocean. I mean what’s $400 when you’re staring at 21:59 one month stack of past due bills that added up to more than $4000! It was beyond overwhelming. Normally my approach for how to spend such a small amount compared to the amount we need to get current would have been something like this: well, since we don't have enough to pay all the bills let’s buy groceries and then take the kids to Disneyland. I just had a transformational experience. Even though I didn't know what to do with our personal finances I knew that what I had been doing wasn't working. There had to be a change and it needed to start now. That's when I sat down and made a list. Little did I know that those first few written documents for how we would appropriate any amount of money 22:41 that came into our household that they would develop into the seven rules. Over the years as Harold and I walked through the dark night of debt and into the bright light of solvency, and then onto founding Debt-Proof Living I've reworked, refined, expanded and consolidated the rules to the seven I'm going to share with you in the series. Since making that U-turn on the road to financial devastation more than a few people have expressed their shock by asking me: How could you let that happen? My answer is simple at several defining moments in my life 23:23 like a day I stood in that department store with my new checkbook in hand. Like a day I excepted a credit card without telling my husband. The day I filled out the form to get my own secret post office box where I could receive statements for my secret credit cards to name a few. At those times I face critical decision points and each time I made the wrong choice. I have no doubt that at the time I made them I could've convincingly defended those choices. But that would have not made them the right decisions. Absent a simple set of rules to follow for how to manage money well, I had no foundation on which to stand. No fundamentals to turn to. 24:05 I learned a lot from my journey back from the brink. I didn't become an heiress or win the lottery. I worked harder than I've ever worked in my life. The process shaped my attitude and my beliefs. As God provided the opportunities we paid back your ready we paid back more than $100,000 in unsecured debt. Now I find the greatest joy in my life's work of leading others out of debt. Through it all the most important thing I've learned is this. Money management is not difficult, person finance is not brain surgery. 24:47 Anyone can learn to apply a simple set of reliably sound rules to manage money and discover the path to financial freedom. While I have determined that I will not live with regret; I do wonder how things might've turned out if someone had taught me simple principles for making financial decisions. I believe that I would have saved years of heartache and untold amounts of money to say nothing of lost opportunities. At those pivotal defining moments I would've made a different decision because a specific rule would have been my guide. I would've known almost instinctively what to do. Not come up with some wild 25:24 manipulative response to the absence of a specific guiding principle on which to rely. I am so grateful for how God has taken the broken pieces of my life and woven them into a tapestry of beauty that reflects his grace and mercy. It is a daily testament to the way that God can take even the worst mistakes and turn them into something of value. If your current financial situation has you all tied up in knots and stressed out of your mind, I want you to get ready for some relief. Things are not likely to change overnight but perhaps for the first time you will know what to do to get the change started. 26:05 Wouldn’t it be nice to find out that they're simple rules of the road that can cut through all of the confusion? the mystery and the misery? and enable us to get our financial life on track? I have great news— there are! As I was preparing the proposal to write the book 7 Money Rules for Life I had this idea these rules have to be winnowed down. They have to be edited. They have to be so easy. So simple that even a fifth grader could recite them. But I took it one step further, I thought you know what - I wonder, could I get these rules 26:47 so small, so simple that I could write all seven of them on the back of one business card? Guess what? Yes! That's how they are. They are so simple. I’m gonna teach you how to do this. I am so excited and we're going to get started with the next episode so don't miss. Listen every time and I would love to hear from you. Julie: You know, Mary as I was listening to you tell your story questions came up in my mind that I'm just curious about and I bet our listeners are wondering about as well. So can I ask you a couple questions? OK this will be fun. 27:28 The first one was especially about your journey back and what was the hardest lie? or the hardest thought? the thing in your mind that you thought the most is you were paying off your debt? Mary: Surprisingly, I've got to tell you that the journey back was joyful. joyful! It was it was so wonderful each time that I would send money to a creditor it was just the happiest moment of my life. I was so confident that God was going to 28:12 take care of us and that he was honoring the decision I had made made to trust him and that he would take care of this as long as I was faithful to him. Which is something we're gonna talk about more in the in the in the seven rules. But I guess if I had any fears it was that I wouldn't be able to continue to work. Because I was making money and that was contributing to the household at all but I look back now and God had that all taken care of. I didn't have to worry. But honestly you know people think that paying back the debt must've been so torturous 28:53 but it wasn't because I knew I'd been forgiven. I knew that a greater power than myself is going to take care of this. I just needed to take the steps. I need to keep working. I needed to keep going. And it was it was joyful. Oh my goodness! I could probably write a book just about all of the miraculous wonderful things that happened and I think that is a principle we all can learn: do the next thing do the right thing, just keep going. Julie: What are some of the things that your readers I have asked you or told you about lies that…in their head…like they just can’t get started? 29:34 The same kind of lies that I told myself that kept me in such a deep, deep horrible debt mess for so long. The first one is I'm just not good with money. Passing it off. Someone else will take care of me. Credit cards have a reason in our life and we should use them and if I need them I'm going to use them or another one is this is a big one for me. I am embarrassed to say this but it's actually honestly true. I blamed. I blamed everything. I blamed my parents because number one I was born into poverty which I really wasn't but I thought it was. 30:15 My parents didn't pay for me to go to college. I had to work. Boo-hoo. Poor me. My parents didn't leave me an inheritance… that really bugged me. That bothered me and every time I had a friend or hurt someone or my grandfather left me $100,000 I was just going to spend some more just to get back at the whole situation….I didn't marry a rich man and I didn't do all of those things that I always thought would be my… you know, that would be how I would become wealthy I guess. I suppose I should've put it into words it sounds so silly now, but I just had all those thoughts. 30:57 Those kind of lies we tell ourselves… I have people write to me: I'm so overwhelmed, I’m just paralyzed. Well, I do understand that feeling. I think that it would've been nearly impossible for me to imagine that I would have someday gotten out of debt. I wish I would've known then. I think that I would've had an easier time, but I'm grateful for the misery. I am very grateful for the misery because that is what finally brought me to my knees. So if it took that so be it because solvency, financial freedom is so blessed and so beautiful. 31:38 it's so wonderful and I want that for everybody who's listening to me now Julie: This question is kind of a follow up- how do you think that money impacts our relationships and how is it for you? Mary: I tell you what that that's one of the worst things about debt is the way that it ruins relationships. the first one is is trust-trust- the way that we handle money tells other people how much they can trust us. My husband stop trusting me. Trust is a very, very precious commodity in any relationship. 32:15 Whether its with your children with your parents with friends with a spouse. Once that you have broken that trust it has to be earned back. That's very very difficult and I believe the reason that so many marriages break up over financial issues they say. Statistics bear that out. I think with the deeper issues trust, My husband should've never trusted me again—ever. But he does and I'm so grateful that that has been restored because I didn't deserve that. I did not deserve that. I did terrible, horrible things that he should've never, ever trusted me again. He loves me and he trusts me. 32:56 Julie: and he’s been here for a good many years. Mary: Yes, our marriage did last. You know I have to make sure I let people know that when I tell my story because it sounds like it would've ended up in in in divorce. Here's the funny thing if he was here right now he would tell you that it never crossed his mind. I had made that all up in my head. I was so worried he would leave me and take the kids with him if he found out that I just kept digging the hole deeper and deeper deeper to try and make sure he never ever found out. Which is so dumb. I mean I look back now and how could I be so ignorant, but that’s over and yes I’m so grateful. We've been married for a long long time 33:49 Julie: it's funny how one lie builds on another in our minds and then we just make up these more lies that we live by, by not facing the truth. Mary: I think a lot of times that they're built on myths. Built on things we believe that aren't true. I'm a real big believer now in communication. Julie: All right, I have one more question because you had mentioned that there were several story you mentioned that there were several defining moments that were critical decision points on the way down that led you to the dark times. But then after your conversion, when you're on your journey back— where there defining moments that you can point to that kept you going? 34:39 Mary: Yes, oh yes. I can tell you it was exactly 10 days from when I was flat on my face on that floor and when I asked God to forgive me and promise I would do anything to come back to pay off the debt. Honestly, in my mind I thought I would be a good wife. My husband would go back to work. He’d find a great job and I would become a great money manager, well that wasn't to be at all. I got that phone call. Exactly 10 days… Harold and I were not even speaking to each other still. 35:06 Mary: and I got offered this job to come to work as a property— industrial commercial property manager is there anything more outlandish? I've never even heard of industrial commercial? what is the property manager? and that was a defining moment. I said may I call you back I went and told my husband the call I had gotten. And we started to talk just about that and had I said no to that offer, well I don't know what would've happened because that was absolutely a defining moment because that developed into an entire career in industrial commercial real estate in the city of Los Angeles…you’ve heard of that place right? 35:57 Julie: right. Mary: A great industrial center. I'll just tip my hand a little bit here. I went on to become the very first woman ever asked to serve on the Board of Directors of the American Industrial Real Estate Association of Los Angeles - wow - only God could've done that. So that was a defining moment another defining moment was was when I… oh my goodness…10 years now after that moment on the floor, decided that I would do something crazy. 36:30 Well, this was a defining moment, because who would have ever thought of this? I would start writing a newsletter that I could share some of what I learned about managing money with other people. That was a defining moment. Which that led to the cheapskate monthly on to Debt-Proof Living and so on. I guess I could talk for a couple more hours about defining moments. Do you want to wait? Or we can do this later. Julie: Well, I hope we hear more defining moments as we go through these 7 rules. Is there anything else? Mary: I’m sure we will… I just want to encourage everyone to join us for the next episode and do this: share this podcast with your friends. It's not all about debt. It’s about managing money. It’s fun. It’s about all the things we can do to do better in our lives. It’s a way we can become friends. I want to hear from you. I want to build relationship. I know some of you have been with me for many many years. I'm so excited to get to talk to you finally. So yeah, I would love it if you would share the podcast in anyway that you can. that will ensure that would be able to continue to do this. Great being with you today! Debt-Proof Living with Mary Hunt was created and hosted by, Mary Hunt. Produced by Julie Emerson, with Harold Hunt, Executive Producer. Save time. Save money. Every Day. Make it easy on yourself! Become part of the community and subscribe for free at www.everydaycheapskate.com. That's where you will find all the ways you can follow Mary, Everyday Cheapskate, and Debt-Proof Living. Thanks for listening! Everyday Cheapskate participates in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon affiliated sites. There are affiliate links in this post. If you click through and make a purchase, we may receive a small commission at no additional cost to you. Thanks! Read more here.https://www.everydaycheapskate.com/?p=17323

EP123 3 Financial Fitness Lessons from Jennifer Lopez and Shakira

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Play Episode Listen Later Jan 28, 2020 21:52

Young adults, young professionals, and students often find it hard to manage their finances, especially when they are doing it for the first time in their lives. The choices made now can have a long-term effect on their financial fitness, which will ultimately impact other parts of their lives. Whether you love their live shows and music or not, Jennifer Lopez and Shakira - the two star attractions of the Halftime show at Superbowl 54 - have many great lessons to teach young millionaires-in-the-making on finding financial and career success. Today, I share three financial fitness lessons I have learned from Jennifer Lopez and Shakira. I share how persistence, hard work, and long-term approaches helped Shakira and JLO ride out their failures and find success. I share how you can put small steps in place to reduce your debt and start saving. I highlight the need for you to be accountable for your finances and financial management. I also share why you need to set financial goals and put a plan in place to ensure you achieve them. “Small, steady positive actions related to savings or debt reduction ultimately lead us to financial success.” - Tracey Bissett This Week on Young Money: Quick facts on Jennifer Lopez and Shakira The big failures and the big successes experienced by JLO and Shakira Using hard work, persistence, and a long-term approach to find success Using small, positive actions to reduce debt and increase your savings Being accountable and taking an active role in your financial life Preparing for Canadian tax time The powerful messages of positivity and inclusion from JLO and Shakira Taking time to set goals and plans to achieve them Three financial fitness lessons: There are no shortcuts Be accountable The sky is the limit Resources Mentioned: EP017 Super Bowl’s Musical Talent – Justin Timberlake & Lady Gaga EP067 5 Financial Lessons Learned from Maroon 5 EP090 3 Financial Fitness Lessons from Rihanna & Jay-Z EP101 How to Take Control of Your Financial Future like Taylor Swift Young Money Listener Contest! I’d be so grateful if you could share news of Young Money on social media. For every share of the Young Money podcast that you tag me in on Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett) you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so share away! Contest closes on January 31st! Rate, Share & Inspire Other Young Millionaires-in-the-Making Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media! Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Jake & Gino: How a pizza guy and drug rep built a $100 million portfolio in 6 years with Gino Barbaro

The Rent Roll Radio Show

Play Episode Listen Later Jan 15, 2020 32:02

Gino Barbaro is an investor, business owner, author and entrepreneur. He has grown his real estate portfolio to over 1400 multifamily units worth over $100million. He is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right and Finance Right. He is also the best-selling author of three books Wheelbarrow Profits and Family, Food and the Friars, and The Honey Bee: A Business Parable About Getting Un-stuck and Taking Control of Your Financial Future. Today Gino takes us through how after growing tired of running a restaurant and with his partner Jake Stanziano, a pharmaceutical sales rep, he bought a mom and pop apartment complex with $60,000 and turned it around. They then refinanced nearly $180,000 out of the property to buy another while maintaining ownership of the original property. They repeated this process they call Refi and Roll over and over and where able to build a $100 million portfolio of 1400 apartment units in 5 years. They have since branched out into what Gino calls multifaceted multifamily where they have an education company, Jake and Gino to help teach other investors the business, a property management company, Rand Property Management, a capital company, Rand Capital, a syndication business called Rand Partners and several podcasts. Today Gino shares his journey, the process, the importance of finding the right partners, having the right mindset and his passionate belief that education times action equal results. This podcast is edited and managed by Derrick Michaud Shelby Row Productions, LLC www.shelbyrowproductions.com

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#75: 20/20 MONEY Release Special

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Play Episode Listen Later Dec 8, 2019 30:09

Welcome to the Monday Money Tip Podcast! It’s finally here! Joe’s new book, 20/20 MONEY: Gaining Clarity for Your Financial Future, is ready to release. In this episode, we’re talking about the book and what we hope it provides to all who read it. In our Current Money Events segment, we’re giving you an update on the Stock Market. Our success story today comes from Olivia, who was able to get rid of her $137,000 student loan debt. About the Episode: Today, we’re talking all about Joe’s new book, 20/20 MONEY, and what we hope it provides to all who read it. In our Current Money Events segment, we’ll give you a Stock Market update. Hear a success story from Olivia, who was able to get rid of her $137,000 student loan debt. Resources: 20/20 Money: Gaining Clarity For Your Financial Future Next Steps - InvestingNext Steps - BankingOlivia’s Success Story Quote of the Day: “Children have no problems believing. As adults, we have no problem disbelieving.” - Joe Sangl [20/20 MONEY] Email info@iwbnin.com to ask questions or share success stories.

#74: Unique Financial Strategies

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Play Episode Listen Later Dec 1, 2019 24:10

About the Episode: Today, we’re answering: “I like knowing unique and weird hacks - things that are just plain cool to know. It’s true for money too. Do you have any ‘hacks’ or unique money strategies I should know about?” In our Current Money Events segment, we’re sharing a story from Joe’s new book, 20/20 Money: Gaining Clarity for Your Financial Future. Hear a success story from Alan, who was able to lower his credit card debt by switching to a 0% balance transfer credit card. Resources: Next Steps - InsurancePre-Sale: 20/20 Money0% Balance Transfer Credit CardsIWBNIN LadderNext Steps - Online Banks Early Pay-Off Debt Calculator Bigger Pockets Podcast Email info@iwbnin.com to ask questions or share success stories.

Ep 20: How to Take Control of Your Financial Future, with Curtis Ray

The Business Lab with Laine Schmidt

Play Episode Listen Later Nov 26, 2019 44:09

Ep 20: How to Take Control of Your Financial Future, with Curtis Ray Guest: Curtis Ray, Best-Selling Author, Entrepreneur, CEO of SunCor Financial www.SunCorFinancial.com www.twitter.com/IamCurtisRay facebook.com/curtisray www.instagram.com/iamcurtisray https://www.amazon.com/Everyone-Ends-Poor-Financial-Backwards/dp/1729218105/ref=sr_1_1?keywords=curtis+ray&qid=1574794778&sr=8-1 Connect with Laine: www.laineschmidt.com www.instagram.com/laineschmidtcoaching Laine@laineschmidt.com Special thank you to Stone Circle Media and Heather Holt Photo

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8: Nick Ameluxen - The Journey of A VW Technician To Syndicator

The Real Estate Lab

Play Episode Listen Later Nov 25, 2019 41:44

Listen, subscribe, rate and review - Apple: https://apple.co/2BdPdeJFull Show Notes[00:01:36] Nick's email is Nick@QuantumCapitalInc.comLinkedIn: https://www.linkedin.com/in/nicholas-ameluxen-04a89911aFacebook: https://www.facebook.com/nick.ameluxen[00:02:06] Join our free Facebook Community to learn from other real estate investors at www.EastWestVentures.co/AIMS[00:02:48] Schedule a call with me at www.CallwithVee.com[00:06:44] Nick bought Volkswagen stocks and quickly realized he didn't have control in it. [00:07:01] House hacking is when you live in one of the multiple units of your investment property as your primary residence, and have renters from the other units pay your mortgage and expenses.[00:09:21] Jack and Gino's Wheelbarrow Profits Podcast: https://podcasts.apple.com/pt/podcast/wheelbarrow-profits-podcast-multifamily-real-estate/id1025080737?l=enJack and Gino's new book "The Honey Bee: A Business Parable About Getting Un-stuck and Taking Control of Your Financial Future" - https://amzn.to/2KJRzam[00:17:37] Nick shares his tips on what to look for in value add deals.[00:19:22] Joe Fairless' book "Best Ever Apartment Syndication Book" - https://amzn.to/2XA0znL[00:26:36:] Networking is key for Nick's success.[00:28:59] Napoleon Hill's quote "Whatever the mind can conceive and believe, it can achieve."[00:29:34] Hal Elrod's "The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM)" - https://amzn.to/2KIMe32Full transcript available at www.RealEstateLab.liveSupport this show http://supporter.acast.com/the-real-estate-lab. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

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#72: Grateful Money

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Play Episode Listen Later Nov 17, 2019 26:59

About the Episode: Today, we’re answering: “Thanksgiving for the United States of America is happening next Thursday. Can you speak on the topic of gratefulness?” In our Current Money Events segment, we’re sharing a story from Joe’s new book, 20/20 Money: Gaining Clarity for Your Financial Future. Hear a success story from Russell, who went from having $40K in debt to no debt and $29K in savings! Resources: Next Steps - Online Banks Pre-Sale: 20/20 MoneyBudgeting ToolsArticle - 10 Top Habits of Grateful People IWBNIN LadderQuote of the Day: “Grateful people define their self worth by their determination and their dreams, not their regrets and disappointments.” - Judy Belmont, Psychotherapist [Lifehack.org Article] “I’d rather have $1 and be grateful than $1 million and ungrateful.” - Joe Sangl Email info@iwbnin.com to ask questions or share success stories.

#71: The Saving Challenge

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Play Episode Listen Later Nov 10, 2019 27:52

About the Episode: Today, we’re answering: “I can’t really seem to figure out how to save money! We manage to save up a little bit of money, but then something big seems to always happen and take us back to zero. Can you help me figure out how to overcome this seemingly never-ending cycle?” In our Current Money Events segment, we’re updating you on Joe’s new book, 20/20 Money: Gaining Clarity for Your Financial Future. Hear a success story from Rallyn, who just paid off two student loans using the debt snowball method! Resources: Debt Freedom Date Calculator Pre-Sale: 20/20 MoneyIWBNIN LadderKnown, Upcoming Expense Calculator MMT Podcast - Episode 61: IWBNIN Ladder - Explained Next Steps - Online Banks Quote of the Day: “You can not prosper if you do not save.” - Joe Sangl Email info@iwbnin.com to ask questions or share success stories.

EP108 Zen Money Map with Liz Lajoie