All About Your Benjamins™: Recent Episodes
Justin Castelli, CFP®
In this episode, Terry and Justin talk about health, longevity, and the Yin and Yang of living longer and trying to do so with good health.
Special guests in today's episode!
https://youtu.be/E3BatdXyCb0
Listen:
Apple Podcasts
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In this episode, Terry recaps the first 10 episodes of The Next Episode revisiting how they create a sort of checklist and then leads us down a discussion about recognizing when we are our best and how we can spend more time there.https://youtu.be/xZ2SeRb7z8gListen:Apple PodcastsSpotifyDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In this episode, Terry reflects on the first year of his "Encore", aka retirement. The guys not only talk about how Terry has adjusted to his new life but also discuss some of the economic headwinds being experienced right now. In addition to The Next Episode, Terry has started writing about his experiences on his blog, Terry's Thoughts. Check it out at www.terrysthoughts.co.Plan to see an uptick in episodes of The Next Episode---we're looking to find our cadence to where you can expect to see a new episode every other week.https://youtu.be/2ftDFHfxDUAListen: Apple PodcastsSpotifyDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Andrew Martz CFP®, MBA. Andrew's chapter, What The Hat Lady Of Hollywood Taught Us can be found on page 105.Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/7-gg7bvXVukDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Jordan Benold. Jordan's chapter, High Earners, Not Wealthy...Yet can be found on page 89 .Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/inyPOo_bve8Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Melissa Joy. Melissa's chapter, From Unanswered Questions To Financial Confidence, can be found on page 221.Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/osD_1MTiUT4Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Kevin Mahoney. Kevin's chapter, Living Your Own Financial Life can be found on page 193 .Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/UY24wHkAc-kDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Todd Bryant. Todd's chapter, A Change Of Retirement Plans can be found on page 155.Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/1jRU0QVJ9uIDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Douglas Lynch. Douglas’s chapter, Picking Up The (Financial) Pieces can be found on page 71.Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/WD4BvvhCDakDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Steven Fox. Steven’s chapter, What Matters The Most can be found on page 95.Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/q1g1XboxtF8Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Michael Baker. Michael's chapter, Finding A New Life Plan can be found on page 63.Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/icAsRPjB5tMDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Dana Menard. Dana's chapter, The American Dream can be found on page 113.Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/mynEp9rGGSQDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode of the More Than Money Series features Elliott Appel. Elliott's chapter, Living Today Planning For Tomorrow can be found on page 205.Be sure to stay tuned for more episode with the authors of More Than Money.If you haven’t purchased your copy you can do so by clicking here–your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you’ll be helping us move our profession One Step Forward!https://youtu.be/-cN3KGM_2AsDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
We kick the More Than Money Series with Shanna Due, AFC®. Shanna is not only the author of the chapter Save A Life?, which you can find on page 213 of the book but she is also the leader of the effort to bring More Than Money To Life. Be sure to stay tuned for more episode with the authors of More Than Money.If you haven't purchased your copy you can do so by clicking here--your purchase will help support The BLX Internship and The Foundation Of Financial Planning, so not only will you have a great book to read but you'll be helping us move our profession One Step Forward!https://youtu.be/AgzzLrJM0OkDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”https://youtu.be/sBUKbgxWgPcWeek In Review ArticlesThe WSJ: The Markets Are Locked in a Game of Chicken With the FedThe WSJ: U.S. Consumer Sentiment Edged Up to Nine-Month High in Early January as Inflation EasedThe WSJ: Economists in WSJ Survey Still See Recession This Year Despite Easing InflationThe WSJ: Yellen Calls on Congress to Raise Debt Limithttps://twitter.com/AndreWorrell7/status/1614715010642739200Weekly MixtapeMorgan Housel: The Art and Science of Spending Money "But that ultimate goal can break down when your relationship with money becomes an ingrained part of your personality. You struggle to break away from focusing on money because the focus itself is a big part of who you are."Casey Grisez: Trophies "What if we lived every day to win the "trophies" we want at the end of life rather than grinding ourselves down over today's game of whack-a-mole?"Dr. Joy Lere: Tipping The Scales "Unfortunately, many people lack the humility to admit that they don't (can't) know it all. They won't acknowledge that what works for them may not be appropriate for everyone everywhere. "Dr. Phil Pearlman: Gamifying Yourself "Whatever journey you are embarking on, whatever mountain you are about to climb, start with something that you feel confident you can do. Easy level one."Wealth Found Me: Decisions, Decisions: "It took me long after that school project to realize that the real risks are the silent, mundane tasks of everyday life. Our diets, posture, and even our sleep balance. What that project really taught me was that you need to get to the problem before the problem finds you."Jeremy Finger: Principles of Success From Charlie Munger, Finding Inner Calm, & The Science of Well-Being "Reputation and integrity are your most invaluable asset and can be lost in a heartbeat."A Wealth Of Common Sense: The Long-Term Wins "Patience will still be rewarded. Long-term investors will always have a higher probability of success than short-term investors."Of Dollars And Data: It's Time To Work "I don’t say this because I have anything against investment research, but to point out something that the investment industry doesn’t want you to know—most people don’t get rich through their investment decisions, they get rich through their income. They get rich through their work. Even those who do get rich from their investments, typically, had to work to get the money they used to invest in the first place."PRST: On Our PRST--Creativity On The Court With Justin OchoaMy Daily NotesDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”https://youtu.be/2-GgDLWmjIMWeek In Review ArticlesThe WSJ: Fed Raises Rate by 0.5 Percentage Point, Signals More Increases LikelyThe WSJ: U.S. Inflation Eased in November, CPI Report ShowsThe WSJ: Stocks Fall, Pressured by Mounting Recession ConcernsThe WSJ: Congress Faces Deadline for Keeping Government FundedThe WSJ: FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracyhttps://twitter.com/joelakamag/status/1603357394846760960?s=61&t=9yDC-ZlV5Q9Y7pltiMsTcQWeekly MixtapeMorgan Housel: Why Competitive Advantages Die "The only thing harder than gaining a competitive edge is not losing that advantage when you have one. That’s as true for careers and investment strategies as it is for business. And since people are naturally optimistic, there’s a tendency to put more thought into finding an edge than not losing it once you find one."Casey Grisez: Sidewalk View "But when the boys and I went by other houses, we saw people relaxed and enjoying Thanksgiving. I began to feel like I was looking at how the holidays are supposed to be. I don't know if it was the fresh air, the huge meal, or the second glass of wine, but I thought about how many Thanksgivings I have left."Dr. Joy Lere: It's A Wonderful Life "We don't get to watch the reel of what this world would be like without us. Still, we need to live, love, and work knowing that it will count in ways that we will never fully know. Think about the people you love the most. "Dr. Phil Pearlman: Setting Health Goals For 2023 "You don’t need to set impossible goals that will lead to injury if you don't know how your body responds to pushing it to its limits. Not getting injured is important as recovery time sets you backwards."Of Dollars and Data: The Gift Of Time "Because everything I write isn’t really about money, it’s about time. Time with your loved ones. Time to enjoy yourself. Time to live the life youwant. In the end, all of your money will be converted back to time anyways. If not now, then later. And if not by you, then by someone else. Possibly after you’re gone."More To That: The Meaning Of Life Is Absurd "In this futile pursuit of escaping the absurd, nothing will ever be good enough because we are always chasing an elusive grand narrative, our overarching meaning of life. We will forever be chasing our own tails, wondering when the hell the universe will answer our individual calls for purpose."A Wealth Of Common Sense: Money Lessons From White Lotus "The murder mystery aspect of the show was tremendous but my finance brain couldn’t help but notice a number of money and behavioral psychology lessons from this season’s cast."Clint Haynes: How Inflation Affects Planning Your Retirement "Inflation can really eat into your retirement if you’re not careful. However, with proactive planning, you can effectively combat inflation. You don’t have to let inflation slowly erode your lifestyle over time."Elliott Appel: Is Long Term Care Insurance Worth It? "How will you pay for care? Which assets will you use? Do you plan to receive care at home? Can you rely on friends and family for care and if so, for how long? Is long-term care insurance worth it? "All About Your Benjamins: This Year's Best Present: Your PresenceDisclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”https://youtu.be/FfKqValJtfAWeek In Review ArticlesThe WSJ: November Employment Report Shows U.S. Economy Added 263,000 JobsThe WSJ: Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate RiseThe WSJ: Dow Shines as Higher Rates Squeeze Nasdaq’s Tech StocksThe WSJ: Yield Curve Inversion Reaches New ExtremesThe WSJ: Kroger Says Food Inflation Beginning to Easehttps://twitter.com/FiSurgi/status/1597415923207802881Weekly MixtapeMorgan Housel: Getting Wealth vs. Staying Wealthy "But keeping money requires the opposite of taking risk. It requires humility, and fear that what you’ve made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you’ve made is attributable to luck, so past success can’t be relied upon to repeat indefinitely."Dr. Joy Lere: The Gifts We Give Our Kids "Older kids who may have more of a sense of what things cost can often catch on pretty quickly if someone is trying to replace time or presence with nice things. I talk to these people in therapy. Trust me, this strategy doesn't work. You can't buy love.'Dr. Phil Pearlman: A Practical Guide To Staying Healthy Over The Winter "It is my hunch that over the coming years, we will find that mobile device addiction, including use at night, is much worse for our mental and physical health than even the most ardent digital minimalists currently claim."Khe Hy: How To Deal With Regrets "I personally don’t have many regrets. Not because I’m special or risk-seeking, but because I see the actions I’ve taken in my life as exactly that: my life."A Wealth Of Common Sense: This Year Could Have Been Worse For Investors "Rational investing comes from the understanding that long-run returns are the only ones that matter."Of Dollars And Data: How Much Growth Can You Expect? "I wanted to share these results because there are many personal finance gurus who will advertise expected growth numbers far in excess of this and it can be quite misleading. "The Reformed Broker: Why They Clapped For Sam Bankman-Fried "Bernie Madoff confessed his crime to his sons and he was in handcuffs before the end of the day. And that shit was like fifty times more complex than wiring customer funds into a hedge fund or using collateral to buy properties in the Bahamas in your parents’ names. Madoff had an entire floor of an office building in Manhattan dedicated to creating fake account statements, staffed with multiple accomplices, over the course of decades. Sam looks like an amateur in comparison. A dabbler. Still walking free, weeks later. It’s inexplicable."Jeremy Finger: Retirement Spending Is Just As Important As Retirement Savings "You have more immediate control over what you spend, than what you earn. Too often, financial articles talk about how to make more money. They don’t talk enough about needing less money."Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/sbE1MqzpwBc“The headlines that may or may not be impacting your financial plan and portfolio.”Week In Review ArticlesMindful.org: How To Practice GratitudeCNBC.com: Black Friday Online Sales Top $9 Billion In New RecordThe WSJ: Congress Returns To Tackle Government Funding, Same-Sex Marriage, Railroad StrifeCNBC.com: Student Loan Payments May Not Resume Until AugustSubscribe To The Weekly PRST to connect Mind, Body, Soul and Money.https://twitter.com/thejustinwelsh/status/1595115694768754704Weekly MixtapeCasey Grisez: Thankful "While writing about that nightmare from 2003, I realized something: I'm grateful for it. It provided an appreciation for life, health, and the kindness and support of those around me. Realizing how short and unpredictable life is has fueled my desire to take (calculated) risks."Of Dollars And Data: Learning To Live "Many times in life you’ll have the opportunity to assume negative intent in others. Don’t do it. You’ll often be wrong and even when you are right, assuming negativity all the time is no way to go through life. Most people don’t want to wrong you. Keep this in mind before rushing to judgment. After all, one man’s trash isn’t always what it seems."Dr. Joy Lere: Boundaries--The Gift That Keeps Giving "When people first think of holding boundaries, they often think about how to set limits with others, but it's important to master yourself first. We are often our own worst enemy. We're quick to give ourselves excuses when we opt for the easy way out instead of showing up as the person we truly want to be."Dr. Phil Pearlman: The Seasonality Of Weight Gain "The Right Foot Rule says start the day super healthy. For me, this means 2 things. 1.) Getting a run or a workout in before the festivities begin, and 2.) Making sure the first thing you eat is healthy and satiating. This might mean having a bunch of eggs before the party or maybe you go in hard on the turkey before having anything else."Darius Foroux: To Build Inevitable Wealth, Simply Avoid Financial Ruin "There are multiple ways to build wealth. You can get rich in endless ways. That’s exactly what makes building wealth so difficult."Not Boring: Discounting Belief "The more uncertainty there is around cash flows and valuation methodologies, the more sensitive an asset should be to changes in the macro Belief Rate. That, I think, is the main reason crypto prices jumped so high during the 2020-2021 bull run and why they’ve tanked so hard in this bear market."A Wealth Of Common Sense: The S&P 500 is Not the Economy "But even if you had a crystal ball that foretold which one of those scenarios was coming in the new year, it probably wouldn’t help you predict what’s going to happen to the stock market."The Reformed Broker: Past Performance "Stocks have been the best asset class in terms of outperforming inflation over the last century. We know this for certain. Over the last seventy years, stocks are undefeated versus inflation, but only over the longest time horizons. Stocks have outperformed inflation 100% of the time over all twenty year periods."All About Your Benjamins: Why I'm Thankful I Burned Out "While you reflect back on what you’re thankful for this Thanksgiving holiday weekend don’t forget to look at the imperfect events in your life that with the benefit of hindsight were actually positives for you."Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/BIjuR1wGoVU
Week In Review Articles
The WSJ: Inflation Sits at 8.2% as Core Prices Hit Four-Decade High
The WSJ: Dow Closes More Than 800 Points Higher in Volatile Day
The WSJ: Mortgage Rates Hit 6.92%, a 20-Year High
The WSJ: Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades
https://twitter.com/jayclouse/status/1580535354343686145
☝️You can replace creators with everyone ☝️
Weekly Mixtape
Morgan Housel: Little Rules About Big Things "People have vastly different desires, except for three things: Respect, feeling useful, and control over their time. Those are nearly universal."
Casey Grisez: Resistance "I resorted to writing "STS = LTS" at the top of all my notes and papers: Short-Term Sacrifice equals Long-Term Success. (No, I was not one of the cool kids.) I wanted to remind myself to work through the hard classes, long days of homework, late nights, and endless frustration because it would pay off in the end"
Andrew Zaro: Every Storm Runs Out Of Rain "While inside of those negative periods, our brains turn on their “pessimism bias,” where our thoughts tend to skew towards the negative, insinuating things will never get better and we are doomed. The truth is rather somewhere in between - as it always seems to happen."
Dr. Joy Lere: Fault Lines "The times we choose blame are when we need nuance the most. Blame is easy, but it won’t get you where you want to go. Exert the cognitive effort to practice self-awareness and take a fuller perspective. It's much more likely to pay off. Pointing fingers rarely leads to productive outcomes."
The Reformed Broker: You Weren't Supposed To See That "When some people have prosperity and the American Dream is still a brass ring for the masses to reach for, the system works. Everyone stays in line. When the American Dream is actually attained – by everyone all at once – the system buckles. That’s what you’re living through today."
A Wealth Of Common Sense: What The Worst Case Scenario For Stocks "But when it comes to investing, you also have to balance being optimistic with being realistic. For me that means being a long-term rational optimist with the understanding that things can and will get really bad in the short-term on occasion."
Pragmatic Capital: There's No Fed Pivot Coming "Many people these days are talking about a Fed “pivot”. This idea that they will alter their rate of change in interest rates and manage the “soft landing” they desire. But this implies that they’re in control and still moving the ball towards scoring. No. The Fed has already turned the ball over and they don’t realize it yet. And when they do they’ll have to backpedal. There will be no pivot because you can’t pivot when you’ve already committed a turnover."
The Irrelevant Investor: Bad News Is Good News "Stocks go up over time, but they can experience brutal setbacks that make you question everything you once thought to be true. The key to harvesting that long-term return is patience, a strong stomach, and proper risk management, which can vary wildly from investor to investor."
PRST: On Our PRST with Austin Keen--The Grinder
PRST: The PRST--Why You Need To Keep Your Mind Positive
https://youtu.be/Trmxq5xhyxQ
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
It's been a little over six months since Terry joined me at RLS Wealth and officially embarked on his "encore". I thought it would be fun to turn the mic on him and ask him what he's learned so far and what he sees coming in the future.
We didn't cover everything in this first episode, so we'll be recording a part 2 soon.
https://youtu.be/v0NTpm0OVhg
Listen (coming soon)
Apple Podcasts
Spotify
Google Podcasts
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/sdO81L-GST8
https://twitter.com/lazettabraxton/status/1573853721137713158
Weekly Mixtape
Morgan Housel: Incentives--The Most Powerful Force In The World "Stories are the only realistic solution, simplifying complex problems into a few simple sentences. And the best story always wins – not the best idea or the right idea, but just whatever sounds the best and gets people nodding their head the most. "
The Reformed Broker: You're Not Good At This "It’s not numbers on a spreadsheet. We’re talking about people’s lives being played with. The social costs of being separated from employment are obvious on an aggregate level. On a local and personal level they can be catastrophic. Creating massive bubbles in one calendar year only to have to pop them in the following calendar year is irresponsible. There should be something in between 90mph and slamming on the e-brake. Is this not taught in PhD school? Most of us are taught moderation in elementary school. The marshmallow test. Impulse control. Nap time. Listening."
Bob Seawright's The Better Letter: Working Hypothesis "Free global markets do not test reality directly. But a new product that works better than existing products can garner capital, sales, and profits, making such “truth” actionable. And false claims generally indicate a poor product and lead to fewer sales, providing accountability."
Dr. Joy Lere: Third Eye Blind "Humans will go to great lengths to avoid looking in the mirror. The truth can be hard to stomach, but we can only reach our full potential when we dare to see ourselves clearly. This process occurs through relationships. We need other people to refract the parts of us we can’t, don't, and won’t see."
Morningstar: The Worst Year In U.S. History For The 60/40 Portfolio "An even better reason not to jump off a cliff is the performance of the 60%/40% portfolio following past occasions in which it lost as much or more as it has this year. Over the five subsequent years following those past occasions, the portfolio turned in well-above-average returns -- as you can see from the table below."
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/fBiKKwg_JWQ
Week In Review Articles
The WSJ: FedEx Stock Tumbles After Warning on Economic Trends
The WSJ: Stocks Suffer Worst Day Since June 2020
The WSJ: Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis
Coindesk: The Ethereum Merge Is Done, Opening A New Era For The Second-Biggest Blockchain
The WSJ: Patagonia Founder Is Giving His Company Away in Pledge to Fight Climate Change
https://twitter.com/SahilBloom/status/1571137341997318147
Weekly Mixtape
Morgan Housel: Three Big Things: The Most Important Forces Shaping the World "People like to talk about new technologies and innovations, because that’s fun. Demographics aren’t fun. But they’re going to be as important, if not more, to overall economic growth than most innovations over the coming decades."
Jim O'Shaughnessy: The Thinker And The Prover "So, let's do this instead—think about what you want your life to look like? Fire up your Thinker and think it through. Then write it, with a pen or pencil on a sheet of paper. When you’re done, read it over and put the sheet somewhere safe. Then, on the next day, do it again but WITHOUT reading what you wrote on the first day. Do this exercise for 10 days in a row. After finishing on the tenth day, review everything you wrote and highlight the items that appear most frequently. Finally, write out a new sheet that contains everything that appeared most frequently in all 10 days.`"
A Wealth Of Common Sense: Filling Up Your Dream Bucket "Time is a finite resource for us all but when you know it’s about to run up it can put things into perspective in a way a simple questionnaire could never do."
Of Dollars And Data: Should You Invest More After Market Declines "As you can see, across all drawdown thresholds tested, the future returns over the next one, three, and five years are higher than during all other months. If anything, this means that buying the dip in international equities worked better than buying the dip in the US since the late 1980s."
Dr. Joy Lere: Unabridged "Everyone you meet is living a story that you know nothing about. Be curious. Have compassion. There are people in your life that want you to witness what they need to share. Show up and shut up. People don't want your trite platitudes or quick-fix solution–they're desperate for your presence."
Dr. Phil Pearlman: The Most Boring Superpower Ever "In fact, using energy to exercise is the only thing in the universe that does not follow the laws of conservation of mass and energy, because, somehow, the more energy you use the more you have."
Humble Dollar: Tiresome Debates "That raises the obvious question: If what I say is true, why do many folks resist paying down debt? Some may have mortgages or other debt with interest rates that are less than the yield they can earn on bonds, so buying bonds would be the rational choice."
The PRST: Life Planning > Financial Planning
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/7JjhGyKhsv8
Week In Review Articles
The WSJ: Biden’s Student Loan Forgiveness Plan to Cancel Up to $20,000 in Debt for Millions
The WSJ: Powell Says Fed Must Show Resolve in Fighting Inflation
The WSJ: More Stocks Are Taking Part in Bounceback Rally
The WSJ: Investors Ramp Up Bets Against Stock Market as Summer Rally Fizzles
https://twitter.com/nylebayer/status/1561547282679443457
Weekly Mixtape
Morgan Housel: Big Beliefs "Sitting still feels reckless in a fast-moving world, even in situations where it offers the best odds of long-term compounding."
Dr. Joy Lere: Crossed Wires " When we only give people fragments of our attention, we only hear broken parts of their story. True listening isn't an auditory exercise--it's is an experiential one."
Dr. Phil Pearlman: On Building Resilience "Making ourselves uncomfortable as a habit whether it be through rigorous exercise, taking cold showers, or having difficult conversations etc preconditions us for the life setbacks which inevitably occur."
A Wealth Of Common Sense: Two Predictions "Obviously, most of the people who buy a house have to sell their current home since people will always have to move for one reason or another so it’s not like supply is going to vanish altogether."
Kyla Scanlon: Getting POW'ed "I think one thing that strikes me about ‘Quiet Quitting’ is the clear lack of passion for the work, which again makes total sense. A lot of jobs don’t really have things for people to be passionate about - but is passion disappearing entirely?"
Young Money: F*ck You Money "A small increase in wealth leads to a massive increase in happiness when you have little, and massive increases in wealth hardly move the bar as net worth increases. For this exercise, it is important to note that happiness is very low when wealth is zero."
A Teachable Moment: Forty-One Quick Tips For Health, Happiness, and Wealth "Work on being present. The past and future are only passing thoughts in our minds."
All About Your Benjamins: Helping Clients Create Lives, Not Just Get Through Life–A Talk With The FPA of Orange County
https://youtu.be/0y29DW156m4
All About Your Benjamins: More Than Money--A Book From The AGC
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/Q5rhEOCYrJ8
Week In Review Articles
The WSJ: Biden Signs Bill Aimed at Lowering Drug Costs, Boosting Renewable Energy
CNBC.com: Jobless claims edge lower as Fed looks to cool labor market
The WSJ: U.S. Home Sales Dropped in July for Sixth Straight Month
The WSJ: Andreessen Horowitz Backs WeWork Co-Founder Adam Neumann’s Real-Estate Startup Flow
https://twitter.com/thejustinwelsh/status/1560295995119964163
Weekly Mixtape
A busy week of travel, so not much time for reading. The recommended reading will be back next week.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
Week In Review Videos
CNBC.com: Consumer Prices Rose 8.5% In July, Less Than Expected As Inflation Pressures Ease A Bit
The WSJ: July Jobs Report: U.S. Added 528,000 New Jobs as Unemployment Rate Fell to 3.5%
The WSJ: FBI Recovered 11 Sets of Classified Documents in Trump Search, Inventory Shows
The WSJ: Advertising Slowdown Spreads Beyond Tech Giants to Hit TV Networks, Publishers
The WSJ: Consumers Are Still Spending on Fun
https://twitter.com/Steph_Bogan/status/1557723198904365058?s=20&t=53vJbP0BUy3JtF3qDrNmgg
Weekly Mixtape
Morgan Housel: Rare Skills "We are all prisoners to our past, products of our generation, and influenced by who we’ve met and what we’ve experienced, most of which has been out of our control. Some are worse than others, and some are more aware of their blindspots. But everyone has a firmly held belief that an equally smart and informed person disagrees with."
Dr. Joy Lere: Crossed Wires "You've missed the mark if you hear someone's words but fail to connect what is coming through your ears to your head, hands, and heart. "
Dr. Phil Pearlman: Three Years And A Day "Alcohol is much worse than people acknowledge. It’s terrible for our health whether we have lost things directly or not."
Jared Dillian: Maintaining Relationships "I think that maintaining relationships is a habit of highly effective people. But people come and go in your life. The friends you have today are probably not going to be the friends you have ten years from now."
Young Money: 1+1=3 "What I could do, however, was weave a different narrative so compelling that neither my alma mater nor employer would matter all that much in the first place."
Darius Foroux: It's Time To Rethink Retirement "Finally, Okinawans don’t have a word for retirement. It doesn’t exist for them. Instead, they have “Ikigai.” Which means “reason for being.” They tend to remain active and avoid becoming passive."
The Irrelevant Investor: What Moves Markets? "In the short term, the market is all about positioning and expectations. Things can sell off on great news if expectations are too high and they can rally on terrible news if expectations are too low. It’s not about good or bad, it’s about better or worse."
Humble Dollar: What They Believed "Here are six financial opinions that were then widespread—but have since fallen by the wayside:"
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/IHuTKVuHnvo
Week In Review Articles
The WSJ: Fed Lifts Rates by 0.75 Point Again
The WSJ: U.S. Stocks Rise, Giving S&P 500 Best Month Since 2020
The WSJ: Rich Americans Keep Borrowing, Defying Economic Gloom
The WSJ: Single Ticket Wins $1.337 Billion Mega Millions Jackpot
https://twitter.com/DeadCaitBounce/status/1552465759317655552
Weekly Mixtape
Morgan Housel: Tails You Win "A takeaway from that is that no matter what you’re doing, you should be comfortable with a lot of stuff not working. It’s normal. This is true for companies, which need to learn how to fail well. "
Johnathan Clements: Now And Them "But in the end, managing time is more important than managing money, because time is the ultimate limited resource. I should lead a more balanced life. I know that intellectually. But I’m still trying to convince myself."
Young Money: What Recession? "The extent to which you believe our economy is cratering has more to do with your perception of reality than reality itself. The more that you normalized the euphoria of the last few years, the stronger your negative feelings will be."
Dr. Joy Lere: The Struggle With Solitude "When we get uncomfortably honest about why we don't want to slow down, I believe it's because, on some level, we are terrified. If you pay close attention to yourself, what might you learn? There is a lot people are afraid to discover."
A Wealth Of Common Sense: Why The Financial Goalposts Are Always Moving "Moving the financial goalposts is an odd paradox of the human experience. On the one hand, it’s a good thing we’re so driven to improve our place in life. The drive to get better is what fuels innovation, growth and progress. But those same attributes can also drive you mad if you never feel satisfied with your accomplishments or blessings."
Your Brain On Stocks: "Some Worry" s "The implication being that if “some worry” about that possibility, then perhaps more should also worry. So if we’re not super worried, should we be worrying? Are “some” smarter than us? If “some” are doing something, should we be doing something? Before we know it, we’re inhaling the secondhand worry, absorbing the negativity via osmosis."
All About Your Benjamins The Podcast: The Next Episode--Cogli L' Attimo
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/2oZ23DV5CIs
Week In Review Articles
The WSJ: Fed Officials Preparing to Lift Interest Rates by Another 0.75 Percentage Point
The WSJ: There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?
The WSJ: Heat Wave Hits U.S. Farms, Stressing Crops and Ranchers’ Herds
CNBC.com: Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
The WSJ: ECB Raises Rates by Half-Percentage Point in First Hike Since 2011
The WSJ: They Thought ‘Crypto Banks’ Were Safe, and Then Came the Crash
The WSJ: Twitter-Musk Trial Set for October in Lawsuit Over Stalled $44 Billion Takeover
https://twitter.com/aaraalto/status/1550900882828627969
Weekly Mixtape
Will be back next week...didn't do much reading on vacation.
Khe Hy: There's No Playbook For Grief “When someone we love dies, we get so busy mourning what died that we ignore what didn’t.”
Justincastelli.io: Holding On To What Was
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Terry and I both have "cogli l'attimo" tattooed on our foreams to remind us to seize each day. In this episode we start off by talking about making the most of each day and then head off to other topics.
https://youtu.be/iZZwAZLbQ8w
Listen:
Apple Podcasts
Spotify
Google Podcasts
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/JD_WfxjZVqU
Week In Review Articles
The WSJ: U.S. Added 372,000 Jobs In June
CNBC.com: Here's Where The Jobs Are For June 2022--In One Chart
The WSJ: Inflation Fears Drove Larger Fed Rate Increases In June
The WSJ: Oil Prices Pulled Lower By Dimming Demand
CNBC.com: Another Hot Inflation Report And The Start Of Earnings Season Make For A Challenging Week Ahead
The WSJ: Elon Musk Seeks To Abandon $44 Billion Twitter Deal
The WSJ: Gru Brings Families Back To Movie Theaters
https://twitter.com/jackbutcher/status/1545956683113009153
Weekly Mixtape
Morgan Housel: Lifestyles "Last year I had dinner with a financial advisor who has a client that gets angry when hearing about portfolio returns or benchmarks. None of that matters to the client; All he cares about is whether he has enough money to keep traveling with his wife. That’s his sole benchmark."
Dr. Joy Lere: The Summer Of A Thousand Goodbyes "Transitions are not my favorite thing. I've been forced to become agile, but I don't always love it. I find moving hellacious. As I brace for relocation, I tend to go through a grief process that includes sorrow and rage. Each time my address changes, I'm leaving a lot behind. I look at my life in boxes and my heart aches. Still, I've come to appreciate that's a good sign.'
Dr. Phil Pearlman: Elements Of Successful Progression "With health and fitness especially, most quick fixes are not real and behaviorally, they are terrible, as they prevent intrinsic motivation and identity development."
A Wealth Of Common Sense: What Should Long-Term Investors Buy During A Bear Market? "You will never hit the cover off the ball with a diversified strategy but you will always end up on the winning team. Owning the market, by definition, means you will own the winners, even if you don’t know what they will be in advance."
Of Dollars And Data: In Defense Of Dollar Cost Averaging "Don’t fear though, because I am here to defend dollar cost averaging as the greatest investment approach ever invented for the individual investor. How so? Because I’m going to show you how it held up during one of the worsts period in U.S. stock market history—the mid 1960s to the early 1980s. And if it worked there, it can work anywhere. Let’s dig in."
Jared Dillian: Ambition "Ambition is a good thing. Sometimes I will recommend someone for a job. Inevitably I tell them: if you want to hire someone who is smart and ambitious, don’t be surprised if they turn out to be smart and ambitious. Ambition is good, but ambitious people can upset an organization."
All About Your Benjamins: Talking To Our Kids About Money--Fox 59 News
Justincastelli.io: PRST & The US Olympic Breaking Hopefuls
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
The WSJ: Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside
The WSJ: Fed Chair Jerome Powell Says Higher Interest Rates Could Cause a Recession
The WSJ: Facebook, Netflix and PayPal Are Value Stocks Now
The WSJ: Supreme Court Overturns Roe v. Wade, Eliminates Constitutional Right to Abortion
https://twitter.com/DrPrestonCherry/status/1539975055274192898
Weekly Mixtape
Morgan Housel: Keep It Going "It’s astounding, isn’t it? Some of the best athletes in the world spend almost all their time working way below potential, purposefully not pushing themselves to the limits."
Jack Raines: A Politically Incorrect Blog Post "When you have the power to make decisions that impact the lives of hundreds of millions of people, the real-life, actual outcomes and consequences of your decisions should be more important than the white knight crusade that you believe that you are embarking on."
A Wealth Of Common Sense: How Long It Take For Stocks To Bottom In A Bear Market? "As always you can find historical data that makes you feel better or worse about the current situation."
The Irrelevant Investor: Three Types Of Investors "The most overwhelming display of selling in history. Wow. Turns out that people are fearful when others are fearful, even “the smart money”."
Packy McCormick: Web3 Cases Today "Whether today’s most popular web3 use cases feel silly or legitimate is a matter of opinion. Even if you fall on the “silly” side of the spectrum, that only means that you find them silly, not that they’re not real use cases."
PRST: Somewhere Between Jay Shetty and Ramit Sethi
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In a crossover episode with PRST, I talk with Ramona Maior about her path to becoming a financial advisor and how her passion (and purpose) extend to more than financial planning.
Ramona’s story is remarkable and she’s really just getting started with the impact she will make. Her story also shows how you can have a career that you are passionate about and at the same time it can be the means to allow you to pursue an even greater passion.
https://youtu.be/2hy6KvJSXTA
Listen:
Apple Podcasts
Spotify
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Follow:
Ramona’s Twitter
Ramona’s LinkedIn
Family Wealth Management Group
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
We all plan to live long lives and hopefully have an enjoyable encore season in our life. In this episode Terry leads us through a discussion about why and how we should prepare to not just live a long life but to find meaningful longevity.
https://youtu.be/p173UrfLpkQ
Listen (coming soon):
Apple Podcasts
Spotify
Google Podcasts
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/3eRgyllLdH0
Week In Review Articles
CNBC.com: Payrolls Rose 390,000 In May, Better Than Expected As Companies Keep Hiring
The WSJ: May Jobs Report Keeps Fed on Track for Half-Point Interest-Rate Rises
The WSJ: Biden Says No Short-Term Fix to High Energy, Grocery Prices
The WSJ: Lumber Prices Slump With Rising Interest Rates
https://twitter.com/jjeffrose/status/1532497288916095000
Weekly Mixtape
Morgan Housel: Different Kinds Of BS "Bullshit is the same. It comes in countless forms, some harder to spot than others. False modesty, projecting, double standards, hypocrisy, tugging at heartstrings – these aren’t lies; they’re subtle forms of bullshit, which is why they’re so prevalent."
Morgan Housel: The Rich And The Wealthy "I’m always interested in the difference between getting rich and staying rich. They are completely different things, and many of those skilled at the former fail at the latter."
Taylor Mali: Totally Like Whatever, You Know "I entreat you, I implore you, I exhort you,I challenge you: To speak with conviction.'
Jack Raines: The Future Of You "To find the path that you should take, you need to actively avoid the paths that you know you shouldn't take. This doesn't necessarily mean quitting your job on a whim. You do still need an income, after all. But this does mean you shouldn't look for new opportunities on paths that present the same problems as your current one."
Our Tiny Rebellions: Cheese Fixes This "No one knows for sure where cheese came from. Old folklore suggests it was an accident, the result of storing milk in containers made from animal stomachs, which contained enzymes that caused the milk to coagulate and separate into curds and whey. This isn’t the most appetizing history lesson, but alas. The pioneers had to walk so Kraft could run. "
Dr. Phil Pearlman: Enlightenment Is Just Rediscovering "The universe is greater than we can fathom, filled with things we’ll never grasp, and our place in it is unknown."
Dr. Joy Lere: Field Of Dreams "When it comes to youth sports, somewhere, things went way off the rails. Competition and pressure started to crowd out fun and cooperation. Parents feel pressure to keep up with what they see their peers doing and, as a result, over-enroll their kids. In extreme (but not infrequent) cases, families are now spending most of their nights and weekends at events, hemorrhaging thousands of dollars, and traveling around the country year-round to set their child up for "success." Adults reason, " For my child to be competitive, this is what we have to do because everyone else is too." Unfortunately, in many cases, overscheduled childhoods hurt more than help."
Jazon Zweig: An Old Way To Fight Inflation Gets New Fans "These examples suggest why price controls have nearly always failed during peacetime. During national emergencies, people will put up with not being able to haggle, waiting in line to get a fraction of what they want and even being hauled in front of a review board of nosy bureaucrats."
A Wealth of Common Sense: Compounding In The Stock Market Is Messy "This is why you need to play the long game. A long time horizon can help smooth out any poor timing you may have through either mistakes or bad luck."
All About Your Benjamins: The Next Episode--Social Networking
PRST: Building With Content
The Weekly PRST Vol. 7
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
For many transitioning to a new chapter/episode or as Terry's case, into his encore, means the social network once relied upon is gone. Finding a new social network is extremely important no matter the stage of life--as Terry shares a lack of social connection can have a negative impact on our health.
Welcome to The Next Episode...
https://youtu.be/l3LgNjLKeNs
Listen:
Apple Podcasts
Spotify
Google Podcasts
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
"“The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/ln4yDe1h8zA
Week In Review Articles
The WSJ: Buffalo Supermarket Shooting Leaves at Least 10 Dead
The WSJ: Stocks Trim Weekly Losses With Friday Gains
The WSJ: Inflation Slipped in April, but Upward Pressures Remain
The WSJ: Senate Confirms Jerome Powell to Second Term Leading Federal Reserve
The WSJ: Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank.’
The WSJ: Apple Is Discontinuing the iPod After a More Than Two Decade Run
The WSJ: Lunar Eclipse 2022: When and How to Watch the Blood Moon
https://twitter.com/heydannymiranda/status/1525619938018398214
Weekly Mixtape
Morgan Housel: A Few Beliefs "Having your views confirmed is a powerful and addictive drug."
Bob Seawright: So What?!? ":The inherent contradiction of false knowledge is that it feels like it’s true. Our bias blindness is such that, most of the time, only people on the outside can see we’re full of it."
Dr. Joy Lere: Insight & Action: The Push and Pull of Porcupines "Humility helps us stay open and makes us more approachable. People see through the facade of pretension but respect authenticity. Don't try to be anything other than human. You're not fooling anyone."
Dr. Phil Pearlman: Where Do I Begin? "These are the two things to start with that are fundamental and serve as the gateway to better fitness and more healthy habits that begin to click as you make walking and eating right habits."
Lazetta Rainey Braxton: Should Gen Xers Keep Or Toss The Term Retire? "For some odd reason, saying the word (retire) aloud engendered a feeling of decline and a loss of purpose and identity. My fear of the future surfaced with irrational thoughts about transitioning from working to exiting this earth."
A Wealth Of Common Sense: Things You See In Every Bear Market "In every bear market, some asset class, strategy or investment doesn’t behave like it’s supposed to. Diversification itself often gets called into question."
The Irrelevant Investor: Twenty Lessons "It’s important to never let a bad market go to waste. Our portfolios might be down, but we can learn and grow from experiences like this."
Sam Ro: Bear Markets And The Truth About Investing "This all speaks to two conflicting realities investors must cope with: In the long run, things almost always work out for the better, but in the short run, anything and everything can go wrong. This is what investing in the stock market is all about."
All About Your Benjamins The Podcast: The Next Episode-Pre-Encore Planning
PRST: The Weekly PRST Vol. 5
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In this episode Terry puts Justin in the interview seat to discuss some financial planning topics and strategies for those heading into their "encore".
Welcome to The Next Episode...
https://youtu.be/SuGboZFXWZc
Listen:
Apple Podcasts
Spotify
Google Podcasts
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
"The headlines that may or may not be impacting your financial plan and portfolio.”
https://youtu.be/RFu39u8frNg
Week In Review Articles
The WSJ: Fed Lifts Interest Rates by Half Point in Biggest Hike Since 2000
The WSJ: Stocks Extend Losing Streak to 5 Weeks
The WSJ: The Tech Industry’s Epic Two-Year Run Sputters
The WSJ: Rapid Pace of U.S. Job Growth Stretched Into April
The WSJ: Crypto Prices Slump Over the Weekend
https://twitter.com/naval/status/1523087166938648576
Weekly Mixtape
Morgan Housel: The Rich And The Wealthy "These definitions are my own, but here’s the distinction: Rich means you have cash to buy stuff. Wealth means you have unspent savings and investments that provide some level of intangible and lasting pleasure – independence, autonomy, controlling your time, and doing what you want to do, when you want to do it, with whom you want to do it with, for as long as you want to do it for."
Dr. Joy Lere: Let's Talk About Mom "Our mothers are a part of the mysterious, magical process of becoming who we are. Their presence, their absence, their place—whatever it is—marks us. "
A Wealth Of Common Sense: Some Things I'm Not Going To Regret In 20 Years "But as I grow older I try to view my financial decisions through the lens of how my future self will view them."
The Reformed Broker: Attitude Adjustment "Regardless, we are undergoing an attitude adjustment about investments that’s one for the record books. The speed with which both bonds and stocks have moved against the investor class has been nothing short of breathtaking"
Of Dollars And Data: We All Knew This Would Happen "Looking back now it seems so obvious that valuations of speculative cryptocurrencies and high growth tech stocks would collapse. The prices made no sense and we all knew they made no sense. But, in the moment, it’s hard to imagine how everything could come undone. It’s hard to imagine when everyone would wake up. But, they always do."
Jack Raines: The Paradox Of Choice "When you have an abundance of good choices, the problem is reversed. You don't know what is "right" and "wrong," because every option is right. The aftermath of these decisions isn't filled with gratification and relief, it's filled with doubts and thoughts of "what if," because you know that choosing one good action means you must reject other good actions. So you find yourself paralyzed by indecision."
Humble Dollar: Proud Of Nothing "To accomplish this feat, I tuned out cable business news. I avoided financial articles on topics like why you should sell bonds or overweight foreign stocks. More important, I ignored the financial markets’ daily performance."
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
"The headlines that may or may not be impacting your financial plan and portfolio."
https://youtu.be/oJXBLR7WrBc
Week In Review Articles
The WSJ: U.S. GDP Falls 1.4% as Economy Shrinks for First Time Since Early in Pandemic
The WSJ: Tech Rout Drags Nasdaq to Worst Month Since 2008
The WSJ: U.S. Consumers Boosted Spending in March
The WSJ: U.S. Consumer Sentiment Rebounded in April -- University of Michigan
The WSJ: Bitcoin in Your 401(k): Is That a Good Idea?
https://twitter.com/garyvee/status/1520577794396377089
Weekly Mixtape
Morgan Housel: Never Saw It Coming "The biggest news, the biggest risks, the most consequential events, are always what you don’t see coming."
Dr. Joy Lere: Time Out "Time is slippery. How many minutes did you spend doomsday scrolling or looking at inconsequential things on your phone this week? Chances are a lot. Don't fold in on yourself with feelings of guilt or frustration. Interrogate your heart. Get curious about why you choose to spend your time how you do. Be ruthlessly honest with yourself."
The Reformed Broker: It's Less Complicated Than You Think "The person who does the most always loses. "
The Reformed Broker: Incoherence "When is a person most likely to buy a Ferrari? Within minutes of his startup being valued at $3 billion on the heels of the latest funding round. Less funding rounds at lower dollar amounts mean less Ferrari collecting. Now replace Ferrari with Bored Ape and tell me what the difference is. There isn’t any difference."
The Irrelevant Investor: The Is Average "It’s a difficult environment for investors and it’s probably not going to get any easier. It’s not the smartest investors that will endure, but the most patient."
Cullen Roche: A Cautionary Note About Home Prices " But could we see flat real estate prices for 5 years, a 1991 style 5% downturn in prices or something more prolonged? I think that’s absolutely possible and should be a base case for anyone jumping into residential real estate today."
Khe Hy: Bike-Shedding --When Trivial Tasks Ruin Your Day "6 months later, they haven’t hit publish once. The trivial details are too seductive and give the false sense of progress. But they’re literally still at Square 1 (and out a couple thousand dollars)."
Jared Dillian: We Are All Here To Feel A Little Stress "Because when you go through pain, and you deal with it like an adult, and you face it head-on, and you emerge—victorious or not, you grow. You grow as a person. You grow mentally, emotionally, psychologically, and spiritually."
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
"The headlines that may or may not be impacting your financial plan and portfolio."
https://youtu.be/4qhk8h1Lt7A
Week In Review Articles
The WSJ: U.S. Inflation Accelerated to 8.5% in March, Hitting Four-Decade High
The WSJ: Mortgage Rates Hit 5% for First Time Since 2011
The WSJ: Twitter Adopts Poison Pill Plan to Block Elon Musk From Increasing Stake
The WSJ: Peloton to Cut Price of Bikes, Raise Subscription Fees
The WSJ: Jack Dorsey Tweet NFT Once Sold for $2.9 Million, Now Might Fetch Under $14,000
https://twitter.com/mkobach/status/1515158413273149444
Weekly Mixtape
Morgan Housel: Staying Put "Most of the time you see someone do something incredible, with what seems like little effort, and you ask “How did you do that?”, the honest answer is, “I’ve been doing this every day for 10+ years.” Noticing patterns and connecting the subtle dots is something that’s hard to teach in a classroom but becomes obvious when you’ve lived and breathed a field for decades."
The Irrelevant Investor: What Actually Matters "It’s an unfortunate reality of life that we take so many things for granted. Nothing is missed until it’s gone."
Darius Foroux: Focus On Your Skills--Not Finding Hacks "Whatever you do, avoid becoming complacent. When that happens, we always look for the easy way out. And that’s when we fall for hacks and shortcuts. Those things will only do the opposite: They set you back."
Spilled Coffee: The Ever-Moving Goalpost "We chase more money, more fame and more power. We look around and compare ourselves to our friends, neighbors, co-workers and even people we don’t know. The constant pursuit of more never slows down. Everything passes you by with your constant thirst for more. The finish line doesn’t exist. What is enough? When does happiness and contentment set in?"
Darius Foroux: How The Simple Act Of Showing Up Can Make You Successful "When you run into challenges, it’s important to stay positive and keep moving forward, and not give up. The moment you give in to one bad habit, it’s the start of your downfall."
Of Dollars And Data: Choose Your Status Game Wisely "I know some of you will say “Just ignore the status game altogether,” but this is easier said than done. Like many other animals, we are biologically wired to respond to status. Ignorance is not the way out."
Dr. Phil Pearlman: Things We Consume & Things That Consume Us "We can apply principles of IF to digital media use in general and social media use specifically as a way to manage the time we spend consuming and being consumed by noise."
Dr. Joy Lere: Hard Conversations "Humans are biased and hurt by their blindspots. You are in a position to give a gift when you can expand an individual's self-view."
A Wealth Of Common Sense: Why It's So Hard To Spend Money In Retirement "For most people there’s a little voice in the back of their heads telling them, “Sure, it worked out for most people in the past but what if the future is different? What if I retire at the worst possible time?”"
All About Your Benjamins The Podcast: The Next Episode--Be A Dreamer
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
As you enter the next chapter in life, for Terry it's an encore career, it's important not to lose the ability to dream. In this episode, Terry and Justin discuss how a lack of courage keeps individuals from dreaming and why it's so important to keep those aspirations alive--to keep pushing forward.
Welcome to The Next Episode...
https://youtu.be/nS6NOlUw2YE
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/dLpb44ujrJM
Week In Review Articles
The WSJ: Powell Says Fed Will Consider More-Aggressive Interest-Rate Increases to Reduce Inflation
The WSJ: Mortgage Rates Hit Fresh Three-Year High
The WSJ: U.S. Jobless Claims Fall to 187,000, Lowest Level Since 1969
The WSJ: Judge Ketanji Brown Jackson’s Supreme Court Confirmation Hearings: What to Know
Nike: Nike Partners With the Bryant Family to Honor Kobe’s Legacy
https://twitter.com/lazettabraxton/status/1507691427848929283
Weekly Mixtape
Morgan Housel: How People Think "Most things are harder than they look and not as fun as they seem because the information we’re exposed to tends to be a highlight reel of what people want you to know about themselves to increase their own chances of success. It’s easiest to convince people that you’re special if they don’t know you well enough to see all the ways you’re not."
The Root Of All: The Art Of Money "Art and money share more similarities than we like to think. Money, like art, is a means of self-expression; it helps you turn the life you imagine into reality. They’re both deeply personal. There is no one right way to sculpt a Greek goddess or invest in stocks. Most of all, money offers a lot of insights into human behaviors and sensations. "
Darius Foroux: What To Do During A Recession-A Timeless Strategy "A recession is an ideal time to make a change. It could be switching careers, learning new skills, starting a new business, or moving to another division inside the company you work. What matters is that you stay alert and don’t let the recession happen to you.:
Dr. Joy Lere: The Last Time "We don't always get to plan our endings. Loss often isn't scheduled. Death never asks when you're ready to part ways. Anyone who has had their ability to say goodbye to someone they love taken away knows this too well. When things are abruptly upended and left unfinished, it changes you."
Young Money by Jack Raines: Time Isn't Money "So you derive a little less satisfaction from each additional dollar. Who cares, as long as you’re still gaining something, right? That’s where Father Time comes in. If you want to make that extra dollar, you probably have to give up some extra time. Money and happiness aren’t linear, but income and time are."
The Irrelevant Investor: A Special Birthday "I just had the best birthday of my life. As a lifelong Knicks fan, there haven’t been too many highlights over the years. Last night was one of them. I’ve been going to The Garden with my father for thirty years. Unfortunately, we can count on one, maybe two hands the number of memorable games we’ve been to together"
Of Dollars And Data: When The Optimists Are Too Pessimistic "But if you can fight back against your default way of thinking, you might see things a bit differently. This is probably why I’ve become increasingly bullish on our future. Because I’m finally beginning to understand compounding. More importantly, I’m seeing it play out in my real life as well. I’m experiencing things that I only used to write about."
Our Tiny Rebellions: Music Is A Time Capsule "Music can make you cringe, cry, laugh, and smile. It travels across time. And sometimes, it makes sitting in the silence of the present strangely comfortable. My negative space today appreciates yesterday’s noise. It prepares me for tomorrow."
The PRST: 'S' Is For Self
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/TTxEjigRESc
Week In Review Articles
The WSJ: Fed Raises Interest Rates for First Time Since 2018
The WSJ: Mortgage Rates Rise Above 4% for the First Time Since 2019
The WSJ: China’s Covid-19 Surge Shuts Down Plants in Manufacturing Hubs Shenzhen and Changchun
The WSJ: After Walt Disney, Robert Iger Heads to the Metaverse
https://twitter.com/Steph_Bogan/status/1505184630734872579
Weekly Mixtape
A Wealth Of Common Sense: Different Kinds Of Sad "Looking back has been cathartic. It doesn’t take away the sadness but that sadness wouldn’t exist if it wasn’t for all of the fond memories we had with her."
The Reformed Broker: Don't Bother Looking, It Will Find You "People who sell it will find you. That’s their job. I know these people. They know exactly what they’re doing. And once they’ve identified you they will prey upon your every weakness. Not only will they convince you that this is how the “real” wealthy people invest, they will set an artificial deadline for you to get the money in to them."
Ryan Krueger: Yielding Better Results "He had a crazy job offer for his good buddy available - director of program development. Griff had it made in every way after making partner in the law firm making close to seven figures, and a loving wife with the deepest of roots in Houston. He was offered a basketball job, to move across the country for $32,000 a year salary."
The Irrelevant Investor: It's Been A Good Run "What you do need is a plan. And nobody who’s selling all their stocks today has a plan because nobody’s plan is to panic sell. If you’re trying to grow your wealth, and I don’t know any other reason for investing, then part of the plan has to include living through discomfort. Any strategy that’s predicated on all upside and no downside is bullshit."
Of Dollars And Data: Great Depression Or Bust "First, they tend to assume that every market correction is “the big one” though it probably won’t be. And, second, even when “the big one” comes, what’s happening in their portfolio will probably be the least of their worries."
Cameron Rufus: Lessons From The Bar "Chance was also created to represent all of us. As an economy and emotionally; They each move in cycles. We all have this euphoric period where everything is great and we feel unstoppable. Until real life sets in, we implode, and everything that seemed so sure comes crashing down."
Jane McGonigal: Mental Time Travel Is A Great Decision-Making Tool — This Is How To Use It "Whatever you see in your future will always come from information your brain has already perceived and processed. Ideally, as you get better at imagining the unimaginable, you’ll incorporate not just obvious ideas and events but also surprising things that could be important in your future."
The PRST: The Importance Of Confidence
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/hdkxomMsKCQ
Week In Review Articles
The WSJ: Inflation Reached 7.9% in February; Consumer Prices Are the Highest in 40 Years
The WSJ: Senate Passes $1.5 Trillion Spending Bill That Includes Aid for Ukraine
The WSJ: Bitcoin Price Surges on Biden’s Crypto Executive Order
The WSJ: Amazon Board Approves 20-for-1 Stock Split, $10 Billion Share Repurchase
The WSJ: MLB Owners and Players Agree to New Contract, Saving 2022 Season
The WSJ: A Brooding ‘The Batman’ Revives Moviegoing With Top Opening This Year
https://twitter.com/khemaridh/status/1502786950775783425
Weekly Mixtape
Morgan Housel: Low Expectations "Munger is right that unrealistic expectations assure misery, for two reasons. One is that the world is a fragile and volatile and complicated place, and the only way to avoid disappointment is to expect it. Second is that progress tends to move the goal post. So the only way to enjoy the modern world is if your expectations rise slower than its progress."
Jack Raines: Fck You Money "Ironically, the best indicator of having "fck you" money is the absence of having to think about money at all."
Khe Hy: Are Ambitious Parents Bad Parents "I had discovered Ikigai. I operated from a flow state. And I smiled a lot"
A Wealth Of Common Sense: Some Thoughts On Bear Markets "Volatility test your emotions and intestinal fortitude. Extended downturns test your patience and resiliance."
The Reformed Broker: Say Less "Stop talking about non-financial events as though they can be quantified by glorified bookies running Excel models at an investment bank. Stop speaking in percentages when a misheard remark could change the course of a war and a stray bullet could change the world. Surely you must know better. Saying less is always a good option."
Bob Seawright: Words To Live By "Everything can't be measured. In fact, the more important it is — love, learning, wisdom, imagination — the less it can be measured at all, and the more disastrous any attempt to do so tends to be."
Jason Zweig: The Secret To Braving A Wild Market "Second, investors need not only the courage to act, but the courage not to act—the courage to resist"
All About Your Benjamins: PRST
On Our PRST: Surf's Up With Tyler Galbraith
On Our PRST: Designing Life With Carl Paoli
Fox 59: Dealing With Rising Prices
https://youtu.be/xH-prWTTdGA
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This conversation with Carl Paoli is the perfect sendoff for The Pursuit--going forward The Pursuit can be found on it's own podcast channel, PRST. Carl is a legend in the CrossFit community and although I've moved on from being a crazy CrossFit junkie, I've continued to follow him. Recently I noticed more of his content talking about mindset, designing life, and other themes that complement what we discuss on the PRST.
Tune in as we discuss the importance of exploring in life, how he helps people assign meeting to new spaces people have felt, his work as a coach helping individuals obtain autonomy, and more. I could have talked with Carl for hours and I'm already working on manifesting a trip to San Francisco to hang with him in person and even shoot a PRST short with him as the subject. Until that trip happens, I'll be joining his May Interface Experience and Insider Circle.
Be sure to give Carl a follow and if what he says resonates with you, then you should check out his community and courses.
Let's get to The Pursuit...
https://youtu.be/-4hoH1PfPmg
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Freestyle
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Retirement has brought more time to Terry's schedule and he discusses how he is prioritizing his time management to maximize his happiness.
Welcome to The Next Episode...
https://youtu.be/AeBTQnnk_zk
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Books
The Mount Of Olives
Atomic Habits
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
I've been hinting at slowing down, freeing up my schedule, having more experiences with Ang and the boys, taking better care of myself, and spending more time exploring my creative interests. I've told you I'd be able to share more about it and now is that time. I stepped down at Onramp Invest on February 28th--it was a decision that was made last year and had been a work in progress. Some recent changes at Onramp, which I will not be discussing in this episode (sorry no inside stories here) just sped up my departure by a few weeks.
In this episode I discuss how this manifestation to bring my ideal day actually started a couple of years ago with some personal planning I was doing with a mentor of mine. I didn't realize then what I was setting into motion and as I realized what I wanted, the Universe brought it to me much sooner than I anticipated.
I also touch on a tweet from Dr. Rhoiney (a past guest) that had me thinking about how do I want to be remembered as a father--something having more time in my life should allow me to accomplish. You'll also catch me uncovering something very important in real time at the end of the episode--pretty special if you as me.
Ok, enough reading...let's get to The Pursuit.
https://youtu.be/t5vfBnREqg0
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Short and sweet this week. With the invasion of Ukraine this week, it didn't seem like a good time to record a full episode. So give this a quick 3 minute listen and then use the rest of the time that would have been spent listening reflecting on what you are grateful for.
https://youtu.be/3d2eDV71Kgs
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
For Terry, retirement is an encore and not an abyss of time and he explains how he transitioned to retirement, what he did from a planning standpoint, and what he has planned for his encore.
Welcome to The Next Episode...
https://youtu.be/wdyoCm5xrYc
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Books
The Alchemist
A Long Bright Future
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
A tweet from Jack Butcher inspired today's topic for discussion. There really is no such thing as "failing" because every event we view as a failure is actually a learning lesson--an opportunity to find growth. So as you go on your Pursuit, there will be pivots you will make and things may not always turn out the way you had planned but they will always present a lesson that will help you as you continue your Pursuit.
Let's get to The Pursuit...
https://youtu.be/-4STq4KksrA
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https://twitter.com/jus10castelli/status/1493377320966574084
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page
As this episode drops on my 40th birthday, I can't help but be excited for the upcoming year, decade, and beyond. My personal growth over the last couple of years had led me to a place where I feel in greater control of my destiny and with the ability to create the life I want for my family.
I've realized the core values I've always lived by can be lived with great intent and move me closer to a life of minimal regret, maximum happiness, and a life well-lived. I want to share these values and beliefs with you so you have an opportunity to uncover them for yourself before I did or as soon as possible if you're in the 40+ crowd.
Let's get to The Pursuit...
https://youtu.be/5xP2TVOwyhg
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page
In this first episode of The Next Episode, Terry and I discuss what to expect from the newest show on All About Your Benjamins and dive a little further into the topic of "accomplishments". We initially discussed this on The Pursuit and picked that conversation back up in this episode.
Welcome to The Next Episode...
https://youtu.be/sHtBE1vo5KQ
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page
I was scrolling through Twitter last week and saw my friend Dr. David Rhoiney share his thoughts about why we shouldn't let the opinions of others impact our happiness and Pursuit--especially when it's hate or doubt.
It's important to understand that as you begin to blaze your own path there will inevitably be others who will not support you. So many individuals are stuck in lives they wish they could change but lack the courage, drive, or vision to escape. It makes them sad, angry, and even miserable and we know misery loves company. Tune them out.
As Dr. Rhoiney shares your happiness should not be dependent on the happiness of someone else, especially if that someone else isn't anyone you know.
Let's get to The Pursuit...
https://youtu.be/0topwIECf3Y
The tweet that sparked this episode.
https://twitter.com/FiSurgi/status/1486298781452800004
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page
We all suffer from imposter syndrome from time to time. I began reading Jay Shetty's Think Like A Monk earlier this week and as I made my way through the first chapter I couldn't help but get excited because I saw many of the ideas I've arrived at in his words and even some of the topics from The Pursuit. In this episode I reinforce some of my beliefs and thoughts through the words of Jay Shetty.
Let's get to The Pursuit...
https://youtu.be/jAnhRDdEAGI
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NFT To Come Later
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page
This week's Week In Review was a market commentary instead of a discussion on headlines from the week. I felt it was important to review some evergreen data and talking points about portfolios, why we invest, what to expect from markets, and more--especially if we continue to see the stock market decline.
This is the audio from that video--if you'd like more of these from time to time, let me know and I can certainly work them into the channel.
You can also watch this on YouTube as well!
https://youtu.be/BcacQSw8OhU
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page
Today's episode was not planned out Thursday night, which is the normal game plan. Sometimes when you are on your Pursuit you just have to keep moving forward and trust the next move, or in this case episode, will reveal itself when the time is right. Before I went to bed last night I cracked open Seneca's On The Shortness Of Life and found the Spark for today's episode on the first page.
Today's episode is less structured than usual but was perfect for what I wanted to discuss.
Let's get to The Pursuit....
https://youtu.be/rEVzIPqv0mc
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NFT to come later today.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
It was time for a guest on The Pursuit and in this episode I'm joined by my dad, Terry Castelli, to discuss starting a new chapter book in his life. The episode begins with us discussing his comment at our breakfast about "accomplishment" that was the topic for last week's episode and then dive deeper into what he's learned and observed in his life on his Pursuit.
I think this is the best episode of The Pursuit yet and I'm excited to introduce the All About Your Benjamins Family to my dad.
Let's get to The Pursuit...
https://youtu.be/pWJpIa4uGGs
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Love this episode? Well, you can't own this 1/1 NFT, it goes to my dad, but you can own another from previous (and future) episodes to remind you of what's important to YOU on your Pursuit.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Is the path you're currently on leading you toward a sense of accomplishment? And is that "accomplishment" defined by you or by others? During breakfast with my dad this week he mentioned looking back on his career, he recently retired, and not being sure of what he accomplished and for whom? This comment stuck out to me and I immediately grabbed my notebook and knew I had my topic for this week's episode of The Pursuit.
Along the lines of minimizing regret, be sure your Pursuit is leading you toward your own definition of accomplishment and no one else's.
Let's get to the Pursuit...
https://youtu.be/qdUA8dKJVgk
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Love this episode? You can own this 1/1 NFT to remind you to Pursue a path that will lead to YOUR definition of accomplishment Head on over to Solsea to grab it.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
When you allow your passion to be your guide, the north star on your compass, it will lead you to where you are supposed to go and to happiness. You first have to identify your true passion(s) and have the courage to pursue it.
"When we believe in what we're doing, we stop mindlessly clocking in. We become more innovative, creative, and present. We're not only working harder, but smarter because both our hearts and our minds are genuinely engaged by the endeavor." Ryder Carroll, author Bullet Journal Method
Passion = "we believe in what we're doing"
Let's get to The Pursuit...
https://youtu.be/DjYl7CORpe8
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Purchase this as a 1/1 NFT on SolSea by clicking here
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
"There's beauty in completion. And always faith in the unknown." --Kendrick Lamar
As you go on your Pursuit there will be people, opportunities, interests, and passions that will become the primary focus of the chapter you are writing. In order to progress on your Pursuit you will need to learn that one chapter will need to end before a new can begin, and despite the fear of the unknown, it should be embraced and excite you are you are getting closer to the person you want to be or the life you want to have.
Let's get to The Pursuit....
https://youtu.be/2ZcIh9bg1zk
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
It's time to put on my financial advisor hat to discuss ideas to consider for your financial planning. Before we get to the strategies, we first have to redefine the focus of our plan and I share how making your values the center of your plan, which requires more focus and attention on them than when we just align our values with our dollars. We'll review this week's illustration and what it represents.
Let's get to The Pursuit...
https://youtu.be/VsJmVG9MYJs
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In order to reach the version of yourself or the life you are Pursuing you need to move past the belief that your Pursuit is linear. The future you are pursuing already exists and is waiting on your to embody it today--think how you feel, what are you doing, who are you surrounded by, etc. Begin feeling those feelings and doing those things TODAY. In addition to sharing my thoughts on the topic, I pull in some reinforcements from James Clear's Atomic Habits.
Let's get to The Pursuit...
https://youtu.be/QVWoGpGWOJM
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Spotify Show Notes The quote I forgot:
"As above, so below. As within, so without. As with the universe, so with the soul." -Hermes Trismegistus (found in The Emerald Tablets)
All About Your Benjamins with James Clear
Atomic Habits
The Emerald Tablets
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
It's the return of The Pursuit. I've been busy (as I'm sure you have as well) and we catch up, level set what to expect from the show, and I share the roll signs from the Universe/God/High Being/etc. have played on my Pursuit and specifically three examples from the last couple of months.
I'm excited to get back and am looking forward to Friday morning recordings of The Pursuit.
Let's get into it...
https://youtu.be/GhfEUP1wFZE
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Watch For The Signs
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In this special episode, I get to help a friend launch his new Registered Investment Adviser (RIA), which is a huge honor. Allow me to introduce you to Matt Fizell, founder of Harmony Wealth. Matt is a great friend of mine, a fellow member of The AGC™, a top-notch financial advisor, and an overall great human being.
I asked him to join me for a special episode of The Pursuit to discuss how starting his own company aligned with his vision and allowed him to continue down the path of his own Pursuit. We may be talking about launching a financial planning firm but Matt's experience translates to all entrepreneurs and dreamers.
As of today, July 2nd, the audio version of the podcast is not ready--full disclosure I haven't had the chance to record my introductory segment but I will this weekend. So, be sure to check back next Tuesday for the audio version of this episode. For now, check out the video--you're only missing my ramblings, so you'll probably be just fine.
https://youtu.be/gO6K7_i9NcQ
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All About Your Benjamins: Build The Addition
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In a recent call with Khe Hy, he challenged me to consider planting a single seed--shaking out everything else I work on to go all-in on one thing. This episode of All About Your Benjamins is an extension of that call. This was a fun conversation and a little personal as we each shared insight into decisions we make and why we've planted so many seeds in the past.
This will also be the last episode before taking a short break from the podcast to focus more energy on nurturing the existing trees I've grown and focusing more attention on a single seed. I'll be back and I have no doubt the podcast will be better than ever because I'll have more time and energy for it--it will be one of the couple seeds I'll be focusing on at that time 😀.
I also want to encourage you to consider Khe's next cohort of The $10k Bootcamp. If you're looking for help breaking through and arranging your time and energy to free you up to spend time on the high-value things in your life, this class is for you!
https://youtu.be/imovb4EVwpo
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Rad Reads
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
As you go along your Pursuit you will most likely need a little help from loved ones, friends, and even strangers. You will not be able to open every door needed to reach your goals but others will--that door being opened could be an introduction to someone, could be an offer of employment, or it could just be a little emotional support to pick you up and keep you on your journey.
Others cannot help you---they cannot open those doors--if they do not know where you are going. Talking about your goals and aspirations is good because it has a similar effect as writing down your goals, which we've discussed in the past. But speaking about your aspirations is the only way other people will know when and if they can help you.
So, without being selfish and making conversations solely about yourself, share where you would like to be going or what you would like to be doing with others. You never know who might be able to help you get to the next stop on your Pursuit.
And don't forget to open doors for others whenever you can!
Manifest everything. — Dasarte Yarnway (@DasarteYarnway) April 29, 2021
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This week's episode was inspired by my friend Derick Grant's visit to The AGC™. Derick's talk was centered around mindset but he spent a little bit of time discussing "fear" and he lead off with "Fear is not real. It's the feeling of fear that is real."
Insert head exploding emoji here.
Tune in to hear more about Derick's visit, how the feeling of fear, not fear itself, is slowing your Pursuit, and a few examples of how to handle your fear. Also be sure to check back on the blog Monday for a blog post that will have some exercises to help identify and overcome your feelings of fear. "Fear, fear’s a powerful thing. I mean it’s got a lot of firepower. If you can figure out a way to wrestle that fear to push from behind rather than to stand in front of you, that’s very powerful." -Jimmy Iovine Google Podcasts
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In this week's episode, we'll take a look at how the last few years have led me to taking the position of VP of Marketing and Brand at Onramp Invest--in hindsight it's so obvious why I was doing the things I was. We'll also talk about how when you're living on purpose the ability to manage multiple ventures and accomplish more becomes easier.
Read more about this week's announcement here.
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In this week's episode of The Pursuit I briefly put my financial advisor hat on to discuss the importance of financial planning for your pursuit and share how a financial advisor, who understands you have bigger aspirations that retirement and college planning, can help not only identify what you value the most, but help you align your finances with your pursuit. It's a little self-serving as this is the type of planning we do at RLS Wealth but I share this because it is important for your personal pursuit and to let you know there are more financial advisors taking this approach to planning--help is out there, you just need to know where to look. If you need help finding the "right" advisor to help you with your pursuit, let me know--I know plenty and would happily connect you with the advisor I think would be best to assist you.
Before we get to the importance of planning, I share some thoughts about how along your pursuit opportunities, conversations, and even chapters of a book present themselves at the most important, yet unexpected times.
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Spotify Notes For The Episode During the episode, I reference Lao Tzu's Tao Te Ching, which you can grab a copy of here, and the specific chapter below. The Empty Heart
From Lao Tzu's Tao Te Ching translated by Urusula K. Le Guin
"The greatest power is the gift
of following the Way alone.
How the Way does things
is hard to grasp, elusive.
Elusive, yes, hard to grasp,
yet there are thoughts in it.
Hard to grasp, yes, elusive,
yet there are things in it.
Hard to make out, yes, and obsucre,
yet there is spirit in it,
veritable spirit.
There is certainty init.
From long, long ago till now
it has kept its name.
So it saw
the beginning of everything.
How do I know
anything about the beginning?
By this."
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
What if I told you by putting your pursuit out in the Universe you are more likely to reach your destination or goals than if you kept it to yourself?
Now, I don't have any scientific data to back this up, but I have numerous real life experiences, both personally and through others, to convince me that I am more likely to reach my goals by sharing them with others--I rarely keep a goal or important aspiration to myself. I need it out in the universe so it can manifest itself.
Let's talk a little more about this...
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Spotify My Notes For The Episode I don't usually "script" as much as I did for this episode, but as I began to write out my thoughts I couldn't stop writing. I ultimately decided it could have been a blog post and maybe someone would rather read it. So, don't get use to having a written version of every episode 😀 I didn't edit this--just copied and pasted it from Notion--so please excuse the errors.
Thanks, fellas.
You'll have to excuse my voice. It's spring time, which means allergies are kicking up and this is the result of a full day of talking...
I came into this evening's recording feeling confident I had a great subject planned out—earlier this week an idea came to me in the middle of the night. I confidently scribbled in a notebook next to my bed just enough to remember what I wanted to talk about.
I opened my notebook this evening to start recording and laughed—"leave open doors and not fully our journey" was what I wrote down. Leave open doors and not fully our journey—-what did this mean?!?
Well, I'm still not fully sure—I've got to make sure I do a better job of taking notes in the middle of the night going forward.
But—the notes still worked.
As I struggled to remember exactly what I was thinking, a idea along a similar thread came to me. I think it's connected to the doors and I'll eventually get there.
As we continue to discuss our pursuit—the pursuit of happiness, of purpose, of the next phase of life, whatever it is you might be pursuing I want to discuss the power of putting your wishes out into the universe to manifest themselves.
What do I mean by this?
There are many ways...
1.) write it down—your eyes only. But what fun is that?
2.) Tell someone
3.) Create content
4.) Social media
You have to do more than just think it—-there's something about saying or writing it down.
A real life example—I may have shared in a past episode—I can't remember since most of these episodes I'm just sitting down and hitting record. I love this story...
Last year my wife found a piece of paper she had written goals down on in 2019. Part of the key to this story is she FOUND the piece of paper—meaning it was "lost", forgotten about, and not something she looked at every day as a reminder. As she reviewed her goals, every single one of them had come true, even though she wasn't intentionally focused on them. Some of these goals, like revenue goal for her business, were out of her control and yet she still reached them. Now obviously, writing them down—that action in itself did not make them come true—but she never would have reached them if she didn't write them down. A goal cannot be reached—-your pursuit cannot be successful if the destination is not documented somewhere.
Another benefit of sharing your goals is the ability of others to help you. If you never share where you want to go how can anyone make an introduction, an investment, or offer support to help you on your pursuit? If they don't know, they can't help.
I have a good friend, Nyle Bayer who is ridiculously talented when it comes to many things—but his passion is music. He's in finance but I know his first and true love is music. The intro music to this podcast and many of my videos is his work—I love it. In an effort to help him pursue his passion and find a new source of purpose and happiness, I put it out in the universe that I wanted him to m...
Chef Lauren Owens, the official chef of FinTwit, joins me for a real life look at leaving a "safe" situation for one that brings more fulfillment, purpose, and happiness. In this episode, Lauren shares her journey to becoming a chef, then to branching out to become her own boss, to becoming the finance community's favorite chef, and her pursuit to opening The Tiny Onion.
Following your passions and aligning your career and life with those passions is not always possible and it certainly is not easy. But, hearing from those who have successfully navigated those waters and are on their way to bigger and better can be inspiring, informative, and even entertaining. I will bring more guests on to share their journey, but today, let's hear from Chef Lauren Owens...
https://youtu.be/0dYING5N69A
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While Lauren promotes eating your veggies, and not so much ice cream, I couldn't pass up the opportunity to sneak in a video from hip-hop's chef 😉
https://youtu.be/jgh10of6DKA
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Amanda Goetz took the lessons she learned with her first startup to help her launch her latest venture, House Of Wise. There's one major difference between the two businesses, House Of Wise is being built on a mission fueled by passion. In this episode, Amanda shares how she came to discover cannabis and how that led to the launch of House Of Wise. She shares how she was able to take a non-traditional approach to her startup, how it fuels her desire to help and empower women, why it is important for her to have purpose in her work, and how she balances it all while being a mom.
There's a lot jam-packed into this episode.
https://youtu.be/RTcO8WnAoYk
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
The description of feeling like a "cog in the wheel" came up in two conversations this week and I really felt the pain these individuals felt when they were in scenarios where they felt underappreciated or lacked the ability to make the impact they desired. Not everyone finds themselves feeling like a cog, but for those who do it is a feeling that has to be addressed and addressed quickly. As we talked about last week, life is too short to not feel fulfilled and as if you can't reach your full potential.
This week on The Pursuit, I talk about my experience as a number within a large organization and why it's important for those feeling stuck to find their next stop--I also talk about how it is 100% ok to never feel like a cog in a wheel because it's not something everyone will experience.
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Your pursuit does not always have to be career-oriented. As the great Stoic Seneca, reminds us life is short and it is important to live today. In this episode, I share some thoughts on pursuing happiness and fulfillment today, while still being responsible for your long-term goals.
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https://youtu.be/koVHN6eO4Xg
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Erin Angerer and Nate Wyne left comfortable jobs with a bank to build a company that will help reinvent the financial system. Floodlight was born to help investors and financial professionals make values-aligned investing decisions and this is their story of how and why they made values-aligned decisions for their careers.
https://youtu.be/cVBpjBYGuBM
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Floodlight
Erin's Twitter
Nate's Twitter
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Pursuing your passion may not be right for you. But, if it is you'll want to shorten the leap of faith you'll be taking to increase your chances of success. I discuss this and more on this week's episode of The Pursuit.
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
In the last episode, we discussed the importance of saying "no" to be able to say "yes" to the people and activities that mean the most to you. Before you can find your way to knowing what you should say "no" to you need to say "yes" to a lot.
Confusing...right? Let me explain why you have to say yes to be able to say no to be able to say yes 😀. Listen on your favorite podcast player: Google Podcasts
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
It's tough to say no to people or opportunities when saying yes has always been so rewarding. But, once you find something so important you begin to pursue it, a 'no' to something outside of your pursuit is actually a 'yes' to something else in line with your goals. Accepting that a 'no' can actually mean a 'yes' is not something most of us can do without experiencing the benefit on of well intentioned 'no' ourselves. My hope is that by discussing how I've come to realize saying no more often will actually help me reach my goals sooner you might be able to reach that conclusion on your own a little faster than I did---took me five years to finally wake up.
I mention the book Essentialism and would highly recommend you give it a read!
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/UoETjcOCUU8
Do you know what is enough for you?
Enough money? Enough time? Enough prestige? Enough stuff?
This episode of The Pursuit begins to explore how starting with your "why" can help you determine your "enough". I was inspired by the blog posts Enough and Why Do We [Truly] Do What We Do? by Jeremy Walter. So, I decided to talk about it a bit and then bring Jeremy on to talk about the post, his definition of "enough", how one conversation gave him a new perspective, and why it is such an important concept to understand.
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Calibrating Capital: Enough
Calibrating Capital: Why Do We [Truly] Do What We Do?
Calibrating Capital: Enough Part 2--A Framework
Jeremy's Twitter
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
The WSJ: Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal.
The WSJ: U.S. Economy Shrank in 2020 Despite Fourth-Quarter Growth
The WSJ: Janet Yellen Confirmed by Senate to Serve as First Female Treasury Secretary
The WSJ: GM to Phase Out Gas- and Diesel-Powered Vehicles by 2035
People who focus on money and not wealth don't realize they're playing the wrong game until it's too late. While money can be measured, wealth matters more.
— Shane Parrish (@ShaneAParrish) January 26, 2021
Morgan Housel: Why It’s Usually Crazier Than You Expect "Find a feedback loop and you will find people who underestimate how crazy prices can get, how famous a person can become, how hard it can be to change people’s minds, how irreparable a reputation can be, and how tiny events can compound into something huge. They take small trends and turn them into big trends with unforeseen momentum. And they happen in every field."
Michael Baker: Muscle Memory--Train Yourself To Endure "I shouldn’t have to tell you that I aced that swimming test the next summer. What’s interesting is that I spent more time playing basketball than I did in the water that year. It’s weird how our goals and priorities may shift over time. That’s ok. What matters is that we always pursue them with tenacity, discipline, and excellence."
Brian Plain: The Story We Tell Ourselves "Our lives tend to improve when we make our stories about who we want to be and not about who we used to be."
Elliott Appel: The Economic vs. Emotional Side of Every Financial Decision – Why It’s Okay to Not Always Choose the “Smart” Financial Decision " Our emotions play into our financial decisions, and it is wise to be mindful of how they influence them in order to make better decisions for ourselves. "
The Irrelevant Investor: Is This Legal? "When Wall Streeters take advantage of the system, it’s called capitalism, but when outsiders do it, it’s called manipulation."
Jason Zweig: The Real Force Driving The GameStop Revolution "For all the hyperventilating over this week’s financial revolution, though, investors should regard it as the latest phase in a long evolution—and unlikely to disrupt markets overall."
Thomas Kopelman: Federal Student Loan Forbearance Extended "At this point we do not know for sure whether this bill will be passed, but as of now, federal student loan payments are suspended until the end of September 2021."
All About Your Benjamins: Ben Carlson and Saving For Retirement
All About Your Benjamins The Podcast: The Pursuit--Less Is More
YouTube video about GameStop
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
"Here's my point: The solution to an overbusy life is not more time. It's to slow down and simplify our lives around what really matters."
-The Ruthless Elimination Of Hurry by John Mark Comer
The Ruthless Elimination Of Hurry
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/hIXyJ_BAD9I
Most Americans are behind on their savings for retirement and many are left to tackle their saving, planning, and investing for retirement on their own. While there are plenty of blog posts, podcasts, and articles to give people fractions of the information they need to have a chance to navigate the retirement savings waters, there are few books written in a way that actually help readers put it all together. That was until Ben Carlson dropped Everything You Need To Know About Saving For Retirement earlier this year.
Ben is the author of the blog A Wealth Of Common Sense, the Director of Institutional Asset Management at Ritholtz Wealth Management, co-host of the podcast Animal Spirits, and one of my favorite bloggers. I was lucky to snag a little bit of his time to record this bonus episode of AAYB too discuss some of my favorite sections of his book.
If you plan on retiring one day or know someone who would, then I highly recommend you grab a copy of the book--link down below.
Everything You Need To Know About Saving For Retirement
A Wealth Of Common Sense
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/rCMtPu8y5l4
The WSJ: Joe Biden Calls on Nation to ‘Start Afresh’ at Inauguration as 46th President
The WSJ: Trump Impeachment Trial to Start Week of Feb. 8
The WSJ: U.S. Business Activity Gains at Start of Year
The WSJ: U.S. Existing-Home Sales Reach Highest Level in 14 Years
You attract what you are ready for and are given exactly what you can handle. That means that GOOD DAYS and BAD DAYS are one and the same: they are both opportunities for celebration, acceptance, and growth. — Brittney Castro,CFP® (@Brittneycastro) January 19, 2021
Morgan Housel: Personal Finance Philosophies "There are few universally right answers. Just lots of shades of gray that work for people’s unique personalities and situations. A lot of finance arguments happen when people get upset after realizing that not everyone has, or wants, the same life as you."
Kyle Moore: When The Future Never Comes "Financial planning is a never-ending balance between living for today vs. planning for tomorrow. We don’t know what life will bring our way, but it's better to prepare and not have needed, than need and not have prepared. While we can't escape planning for our futures, we must do so with balance and a reverence for the present moment, for we aren't guaranteed a tomorrow."
Calibrating Capital: Why Do We [Truly] Do What We Do? "As I said in my own example, I think it’s possible to still do good work even with the existence of the Nefarious Why. However, we need to ensure that the Noble Why is the one in the driver’s seat, and the Nefarious is in the backseat – or even the trunk."
Of Dollars And Data: 10 Investing Lessons from 2020 "If 2020 taught me anything, it was what the late Jack Bogle was fond of saying, “Nobody knows nothing.” Of course, predicting the future is always hard, but 2020 illustrated to us just how difficult it can be. If you would’ve told me that U.S. stocks would rise over 10% in the same year as a global pandemic, I wouldn’t have believed you. But that’s what makes markets so complex and mystifying, especially in 2020, a year unlike any other."
Brett Koeppel: Trust the Process: What You Can Learn About Retirement Planning From the Buffalo Bills "In the early years, fans heard “Trust the Process” so often from Sean McDermott that it became a running joke around town. The belief is that by taking the right reps and doing the right things consistently, the results would come over time."
Simon Tryzna: Mosaic Theory "While I'm not building valuation models for individual stocks or making any stock recommendations, I think this analysis method is essential in making informed decisions. There are many places for investors to get information from on the internet – I urge everyone reading this to not fall in love with one or two and follow their recommendations blindly."
A Wealth Of Common Sense: Getting Your Stock Picks From Podcasts "I didn’t perform any due diligence on Spotify’s business or look through the financial statements or anything approaching the work of an actual analyst. I simply bought it because I was impressed with Ek’s vision for the future of the company and his humility as a leader."
Retirement Field Guide: Real Return Is All That Matters "So, if inflation has been about 3%, then the real return for each asset class has been 7% for equities vs. just 2% for bonds. That means that equities haven’t outpaced bonds by 2X, but by 3.5X! "
Brett Fellows: Investor Heuristics--5 Biases To Watch Out For When Making Financial Decisions "However, these mental shortcuts don’t always serve us when making complex decisions. Indeed, heuristics aren’t supposed to result in optimal decisions, but rather “good enough” decisions given a limited timeframe. That’s why it’s important to recognize them at play and keep them in check, especially when faced with information meant to appeal to our instincts, not our intellect."
The Irrelevant Investor: Resist The Temptation "If you f...
https://youtu.be/K-MaolSI814
I've been fortunate to get to know Josh Brown on a personal level and I can assure you he is an even better person than you think he is. I'm happy to share the story of how I weaseled my way into calling him a mentor in person with you whenever conferences start back up--it all started with an email late one Friday night and now I take him out for dinner every fall when I visit NYC.
JB and I in the basement of Bobby Van's in front of JP Morgan's old vault.
Given my respect and admiration for JB, it was a huge honor to have him join me as my first guest on The Pursuit. I'm not going to spoil any of the conversation--just hit play, sit back, and enjoy!
The Reformed Broker
The Compound YouTube
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
A quick intro to the newest show on The All About Your Benjamins Podcast--The Pursuit. Join me every Friday as we explore the intersection of passion, purpose, reducing regret, and personal finance.
The Pursuit has been something I've been wanting to do for a while, but I wasn't quite sure how to do it. And if I'm being honest, I was a little nervous to tackle it--this is a little outside my comfort zone, but that's where the real growth occurs, right? On The Pursuit, I'll be discussing, sometimes by myself and sometimes with a guest, how we can achieve greater happiness and live more fulfilled lives by identifying and pursuing our passions, finding our purpose, and how it all plays into our financial planning.
In this intro episode, I reference my recent blog post, Impact, which you can read here, along with the latest Human Advisor Podcast episode with Ron Carson and Jason Wenk, which you can watch here.
And while I'm sharing other content that plays into The Pursuit, check out this month's All About Your Benjamins conversation with Tyrone Ross here as he and I spend the majority of the conversation discussing "purpose".
I want to give a quick shoutout to my very good friend and one of my creative go-to's, Nyle Bayer for the instrumental leading into the episode. Nyle's work is always 🔥.
I'm excited for The Pursuit to start and the first episode this Friday is a great one. All I'm going to share is I am joined by the one and only, Downtown Josh Brown. You won't want to miss it!
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/xLRFiEK7YFg
This is an episode that has been in the making since Tyrone first joined me on the podcast back in 2018 --we just didn't know it. Over the years Tyrone has joined me on podcasts and in videos to continue the conversation on bitcoin, cryptocurrency, and even the lack of representation in the financial services profession.
It's been fun to watch Tyrone grow, expand his impact on the world, and ultimately take on the role of CEO at OnRamp. And I know he's just getting started.
In this episode, we discuss how the opportunity to lead OnRamp aligns with his purpose, how it keeps him on his path of "destiny steps", and what exactly OnRamp will do.
As a financial advisor who has been following bitcoin and digital assets since early 2017, I'm excited about the opportunity to incorporate bitcoin for clients with the right risk tolerance and goals. I'm also excited to be able to announce I am an investor in OnRamp, which is the company I referenced in my "How I Invest" blog post.
This is a great conversation about finding purpose, pursuing passions, and an up-and-coming Fintech company--I hope you enjoy!
OnRamp
December 26er Podcast
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/YfFSAbenXic
The WSJ: President Trump Impeached by the House for Second Time
The WSJ: Pence Says He Won’t Invoke 25th Amendment, Setting Stage for Impeachment Vote
The WSJ: U.S. Unemployment Claims Rise as Coronavirus Weighs on Economy
The WSJ: U.S. Consumer Confidence Ticks Down in Early January
The WSJ: Americans Won’t Be Banned From Investing in Alibaba, Tencent and Baidu
The WSJ: Lilly Alzheimer’s Drug Helped Patients in Small Trial
"The trajectory of your life bends in the direction of your habits." –@JamesClear
— Jim OShaughnessy (@jposhaughnessy) January 14, 2021
Morgan Housel: A Few Thoughts On Writing "But in every field, the person with the best story wins. Not the best idea, or the right answer, or the most useful solution. Just whoever tells the most persuasive story. A lot of good ideas are killed with bad writing."
Cristina Guglielmetti: Thinking Small "If you set micro-goals and miss the mark some weeks, you can quickly reset and get back on course. Or, you can quickly learn that the broader goal is perhaps unreasonable and rethink it. And you will get frequent boosts when you do reach your goals, so you’ll be more encouraged to keep going."
The Retirement Field Guide: Rationality In Investing "But it’s hard to act rationally in a market that acts irrationally in the short-term. We know that markets are rational in the long-term, but they always seem irrational in the short-term."
Of Dollars And Data: Just Take The Money "This is what happens when you become your investments. You make decisions that could either (1) make you very rich or (2) lead to ruin."
Peter Lazaroff: How Hindsight Bias Can Impact Your Investment Decisions "The more we see things fitting together into a cohesive narrative, the more we feel as though we knew it all along. And the more time that passes, the more difficult it is to accurately recall the way an uncertain situation seemed to us at the time actually happened. We forget what information was available at the time of the event, as well as our own initial reasoning in support of or against a particular decision."
Stephanie McCullough: Yoga Teacher Powerful Money Lessons "I started to see the many similarities between yoga philosophy and the financial planning I do with my clients. Whether or not you practice yoga, the yoga outlook on life has many lessons applicable to sound financial behaviors."
A Wealth Of Common Sense: How To Invest In A Bubble "You could also simply choose to ignore market conditions altogether and invest according to your own specific personal and financial circumstances. Doing nothing is a decision and often the right one for many investors."
Thomas Kopelman: How I Manage My Money "But just because I know these things does not mean I can actually do them when the time comes and it’s my money at stake. This is why I choose to lead with automation. I want to take away as much power as I can from human behavior so I can continue to make good choices for myself."
All About Your Benjamins: Impact
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/gd8-FJMWilk Week In Review Articles The WSJ: Congress Certifies Joe Biden’s Election Win Following Day of Turmoil
The WSJ: Georgia Senate Wins by Democrats Followed Years of Party Organizing
The WSJ: House Democrats to Introduce Article of Impeachment Against Trump
The WSJ: Coronavirus Live Updates: Reported U.S. Cases Rise as Deaths Dip
The WSJ: Covid-19 Surge Ends Seven Months of U.S. Jobs Growth
The WSJ: U.S. Weighs Adding Alibaba, Tencent to China Stock Ban
The WSJ: Tesla's Elon Musk Overtakes Amazon's Jeff Bezos as World's Wealthiest Person
Why promoting yourself/your business/your ideas feels uncomfortable: You must repeat things that are obvious to you until they become obvious to others.
— Jack Butcher (@jackbutcher) January 3, 2021
Morgan Housel: Two Worlds--So Much Prosperity, So Much Skepticism "The causes of rising inequality over the last 40 years are vague. It’s part offshoring, part the decline of unions, part winner-take-all technology, part globalization, part regulation and tax code, part education, on and on. Complexity and vagueness made the trends subtle and slow."
Calibrating Capital: Enough "What if we slowed down – if we grew small – in our 30s/40s and then ramped back up if needed in our 40s/50s? Yes: compound interest, yada yada. That is an entirely true point, not only the compounding of our investments, but also the compounding of any businesses we own."
A Wealth Of Common Sense: Updating My Favorite Performance Chart For 2020 "No big takeaways from this data beyond the fact that plus or minus one year here and there can make a large difference when it comes to performance."
The Belle Curve: Lock It In "Whatever you think you know, that the rest of the world doesn’t know, about Tesla, Etsy, Nvidia, Paypal, or any of the other winners this year, it doesn’t matter. You’ve made the kind of return most investors will only dream about. Take some money off the table. It doesn’t matter if the stock keeps going up from here. You can still participate with less of your money at risk. Lock it in. Secure the win."
The Irrelevant Investor: 10 Things I’ll be Watching Closely in 2021 "It’s always hard to see things changing. And then along comes a year like 2020. Nobody had any of this on their list at the end of 2019. 2021 is sure to deliver some surprises, and unlike the last dreadful year, hopefully, they’re for the better."
Humble Dollar: Growing Up "The financial lessons I learned growing up are still with me as an adult. I grew up not only appreciating the value of a dollar, but also learning that the memories from life experiences are far more valuable than any item that can be bought. To this day, I carefully pick and choose what I’ll spend my hard-earned money on. A day with friends at a pistol shooting competition is more highly valued than any possession I might purchase."
The Retirement Field Guide: Nobody Saw This Coming, Part Two "Can we conclude, once and for all, that we’ll never know what’s going to happen next? Can we conclude that we’ll never see it coming? It’s impossible to time these sorts of things. It’s impossible to time the bad things that might happen, but it’s equally impossible to time the good things."
Brian Plain: New Year, New Mantra "Strict with yourself, tolerant with others."
Thomas Kopelman: The Long Game Podcast Episode 6: Paul Jorgensen – Believing In Yourself
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
The headlines that may or may not be impacting your financial plan and portfolio...
https://youtu.be/BeHrXTdPJsQ Week In Review Articles The WSJ: Trump Signs Covid-19 Aid Bill Averting Government Shutdown
The WSJ: Five Investment Trends That Skyrocketed in 2020
The WSJ: Year Ends With Record-Setting Month in U.S. for Covid-19
The WSJ: The U.K. Has Finally Cut Ties With the EU. Here’s What Has Changed.
People who root for others to lose are miserable human beings. You don't want them in your life, your social feeds, your texts, your gatherings. Surround yourself w/those who want to lift others up. The idea that someone else has to lose for you to win is very last century stuff. — Adam Singer (@AdamSinger) December 27, 2020
Weekly Mixtape Morgan Housel: Last Man Standing "And the most important point is that the best returns you can earn for the longest period of time are rarely the highest returns in any given year, or even decade." The Street: Two Ways to Align Your Money with Your Values "So, instead of focusing on money simply as a thing to accumulate, think about your money in terms of what it can do for you. Truly align your finances with your values by spending money on what you care about." The Reformed Broker: Happy New Year, Don't Die "If you’re reading this blog post, chances are you’re focused on allocating your assets, not choosing which debt to pay off and which bills to ignore. So you’d most likely take your own problems back out of the pile too. It could always be worse."
Brian Plain: Reflecting On A Year Unlike Any Other "As we reflect back on our past year, focusing on impact – both negative and positive – can be particularly useful. Here are some specific questions around impact that can help."
Michael Baker: Your Timing May Never Be Perfect...And That's OK "For anyone that has not created a financial plan, the best thing you can do is START NOW. One lie we tell ourselves is that we’ll get our financial lives in order when we (FILL IN THE BLANK). Then we become experts at moving our own cheese. Don’t expect your timing to be perfect because it most likely won’t be."
Ryan Krueger: 4,000-To-1 Long Shot "Knowing the efficiency of all the investing approaches, analyzing the risk metrics of individual securities or funds, or even relying on some balanced allocation...all take a back seat to the WHO. Getting that part wrong can mess up the math in a hurry. Getting it right, and investing time to get it better, can provide the very best reason to Plan at all."
Mr. Stingy: You Don't Always Need The Best. What You Need Is Good Enough "I think so. I think the 90% is good enough for most people. Heck, the 90% will probably make you do better than most people."
Of Dollars And Data: Running Out of Time Before Running Out of Money "That’s why my biggest takeaway from 2020 is that you can lose with a winning hand. You can make all the right choices and still end up with a bad outcome. Not everything is in our control. Yet, many of us save and invest as if it is."
Anne Tergesen: Tiny Changes Can Help You Achieve Savings Goals for Retirement "Here’s a suggestion for those planning to make big changes in the new year: Consider making them small instead."
Mark Suster: How I Lost 65 Pounds In 18 Months Without Any Fad Diets or Gimmicks "I made maintaining my weight a habit rather than chore. A way of life rather than a restriction."
Outside Online: We've Reached Peak Wellness. Most of It Is Nonsense. "Wellness—the kind that actually works—is simple: it’s about committing to basic practices, day in and day out, as individuals and communities."
All About Your Benjamins: “Pay Yourself First”–How I Invest My Money
All About Your Benjamins: The Pursuit Of Happyness
All About Your Benjamins The Podcast: Picking Stocks With Roman And Leo
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individua...
I hope Roman and Leo pick up good money habits and investing principles just observing me doing my job. But, rather than assume I'm constantly talking to them about the basics of finance and I finally was able to get them to my office to record a video about investing.
I funded an account with Public and asked the boys to each pick three stocks to invest in. I told them they would need to explain why they picked their stocks and we would have a conversation about their picks and whatever else might come up.
Before you get to the conversation, please remember the stocks we discuss are not meant to be recommendations. The boys are 10 and 8 and in no way stock experts. Even if they were older, you probably shouldn't make investment decisions based on YouTube videos.
However, if you are a parent, you should have conversations about money and finance with your children. The beauty of this exercise is you can set up an account with Public with very little money and are able to invest in companies using fractional shares--meaning you can buy fractions of a share in companies. Don't invest more than you can afford to lose, especially since your children will be making the investment decisions 😀. Although, I have a feeling our kids may make better investors than many adults.
Ok, here's that conversation.
Public.com
YCharts
https://youtu.be/Hbp5v_Oagio
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Another company leveraging community to help grow and spread financial education is Finimize and in this episode, I’m joined by their CEO Max Rofagha. The story of how Max found his way to the world of finance is fascinating given that he had no background, other than an interest in his own personal finance and the willingness to ask a lot of questions and leverage his network of peers in finance. Finimize currently boasts over 1,000,000 members across the globe and is known for its local meetups, arranged by its members. If you’re interested in continuing to learn more about personal finance, investing, and more you should definitely check out the community! Speaking of Community, The AGC™, a community for financial advisors I co-founded with Taylor Schulte, a little over a year ago is opening back up for enrollment in January. If you’re a financial advisor looking for a group of forward-thinking, collaborative, and supportive advisors to learn and grow alongside, the AGC™ might just be the place for you. If you’re not an advisor, but you want yours to stay sharp and be surrounded by great advisors and people, you should tell her about The AGC. All the information you need to learn more can be found at advisorgc.com.
Show Notes: Finimize
Max's Twitter
https://www.youtube.com/watch?v=PNzAFHj1xsk
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Public.com popped up on my radar a few months ago and once I opened an account, I realized this was a company I wanted to learn more about. In this episode, I'm joined by Leif Abraham, co-CEO of Public.com and he not only shares the story behind Public but also shares some great information about entrepreneurship and starting a business.
Leif and the team at Public are not only building a great Fintech company, but they are building a strong community of investors within their users. I see a lot of opportunities for Public to live out its mission in the future.
Show Notes:
Twitter: Leif Abraham
Public.com
https://youtu.be/-Bx_EftiSQE
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
I felt it was time to bring All About Your Benjamins The Podcast back on a regular monthly schedule and make some minor adjustments to the programming. We'll still cover financial planning topics but we'll also focus on entrepreneurship, Fintech, and the future of finance. You'll also find audio from videos that fit the All About Your Benjamins brand.
Let's get to the first episode of Season 2 with Rob Petrozzo.
Rob is the co-founder of Rally Rd., a digital platform for buying & selling equity shares in collectible assets. Investors are able to buy shares of expensive cars, sports memorabilia, video game history, and more. It's a very cool platform that has an extremely bright future. I've tried the platform out and am the proud owner of 2 shares of a Mickey Mantle baseball card and 4 shares of a Kobe Bryant card. I'm definitely excited for some of the additional asset classes they plan to bring to Rally.
Be sure to give Rob and Rally Rd. a follow!
Show Notes:
Twitter: Rob Petrozzo
Twitter: Rally Rd.
Instagram: Rally Rd.
Rally Rd Website
https://youtu.be/FTioomG9Jwc
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
https://youtu.be/A2x6Booz8r0
Apple Podcasts:
Click Here To Listen On Google Podcasts
I wouldn’t call this a Crypto and Digital Assets 101 class, but as I’ve begun receiving more questions about cryptocurrency I thought it would be great to bring Tyrone Ross baby (he’s a former AAYB podcast guest on the subject) to discuss the topic—covering some of the basics, along with some of the more complex details.
Tyrone is one of the few financial advisors I know helping clients (and other advisors) navigate this space and he’s my go-to whenever I come across something crypto I don’t know. I asked him to not only explain what is so unique about cryptocurrency but to also differentiate it from other digital assets, which he defines if you are not familiar with the term.
Most investors are familiar with the volatility of the prices of cryptocurrencies, like bitcoin, but very few understand the other risks associated with digital assets and cryptocurrency. THIS is what I really wanted Tyrone to explain; areas like transfer of ownership, estate planning issues, storage, and more.
I don’t think cryptocurrencies are going away and if the trend I’m seeing continues, it’s beginning to become a more common topic of discussion with investors and digital assets are not going anywhere—they are only becoming a larger part of our lives.
It’s important for investors (and financial advisors) to educate themselves and be aware of the risks associated with owning digital and crypto assets and address them in their financial plans.
Be sure to mark your calendars: Every Thursday at 7:00 PM EST on the RLS IG (@rlswealth) I’ll be bringing more guests to your mobile device to talk about various financial planning topics and issues. Show Notes PBS: Life In The Cash Economy For "Unbanked" Americans
Cryptoassets: The Innovative Investor's Guide To Bitcoin And Beyond
American Bar Association: Estate Planning With Cryptocurrency
Casa
Bitcoin Whitepaper
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
We're three weeks into social distancing and it appears that not all of America understands the severity of COVID-19. In this special episode of All About Your Benjamins, I'm joined by Frank Sawyer to discuss not only the health risks but the risks to the healthcare system that extend beyond just those infected with the coronavirus. Frank is an executive at a hospital system in Detroit, Michigan and witnesses daily the stress healthcare professionals are currently under and has a unique perspective into the stress the financial system may see in the coming weeks.
I believe sharing information from reputable sources is one of the best ways for us to learn and make educated decisions for ourselves, family, and the greater good. As I mention in the video, Frank has no agenda other than sharing what he is seeing and his knowledge about what the healthcare system can and cannot handle.
I hope one of the main takeaways from this conversation is the impact our decision to stay home (or not stay home) can have not only our family members but the healthcare professionals taking care of the sick. We cannot afford to have healthcare professionals becoming sick or overworked to the point they cannot perform at their best. Please also do not underestimate the impact of hospital overload due to COVID-19 on those having regular medical emergencies like heart attacks, strokes, etc.
I plan to have Frank back again to give an update and to see how things are progressing in a few weeks.
I hope you enjoy!
Apple Podcast Link Coming Soon
Google Podcast Link Coming Soon
https://youtu.be/ZZHjGlpGoNo
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Technology has brought the average investor greater access to new and different types of investments. Investors can now invest at lower costs, better tailor their portfolios to their goals and preferences, and even invest in specific sectors and themes. Thematic investing is beginning to gain traction by allowing investors to move from sectors to themes like cybersecurity, cannabis, and e-sports. Tim Maloney, CIO and Co-Founder of Roundhill Investments, explains how thematic investing can complement a traditional portfolio for some investors.
Tim's firm Roundhill has launched an ETF focused on the gaming industry and has plans to launch additional thematic ETFs and since he has first-hand experience in the thematic investing world, I thought he would be the perfect guest to talk about the opportunities, risks, how thematic investing may introduce investing to young individuals, and more.
Important: This is a very investment-heavy episode and is for educational purposes only. None of the investments or strategies mentioned should be considered investment advice.
I hope you enjoy!
Click here to listen on Apple Podcasts (coming soon)
Click here to listen on Google Podcasts (coming soon) Show Notes: Twitter: @MaloneySandwich
Roundhill Investments
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
It's been said, "experience is a master teacher, even when it's not our own." Phil Pearlman, the Chief Community Officer at StockTwits, has experienced multiple economic cycles, market crashes and recoveries, business successes and failures, and other life events making him a master teacher we can all learn from. In this episode, we briefly touch on current market conditions and then dive deeper into how we can grow as individuals, how our mindset can impact our growth, the importance of knowing what is most important to you, and a number of other observations. This conversation will impact everyone in different ways--there's something for everyone who is looking to grow or improve their current situation. Phil delivers a lot of wisdom in an entertaining and inspiring manner. This is one of my favorite episodes, easily!
In addition to his role at StockTwits, Phil is also a content creator (Eight Fat Swine), invests in digital companies at all stages of development, and is obsessed with the psychological aspects of investor behavior, user experience, and online community development. Prior to his days at ST, Phil was Director of Marketing at Bank OZK and Interactive Editor at Yahoo Finance where he created the Contributors Program.
I hope you enjoy this as much as I did!
Click here to listen on Apple Podcasts
Click here to listen on Google Podcasts
Show Notes:
Eight Fat Swine
Twitter: @ppearlman
https://youtu.be/nIg_gdiJF24
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Click Here To Listen On Apple Podcasts
At the end of 2019, Congress passed and the President signed the SECURE Act which brought potential changes to your financial planning. I'm fortunate to have been connected with Jamie Hopkins who is a retirement income expert, his Twitter account says so, and an expert in the SECURE Act. He breaks down the Act and highlights some of the changes that will impact the most people.
Just like any episode that discusses planning concepts, nothing we discuss should be considered advice--we have no way of knowing your personal situation to tell you whether or not your financial plan needs to be adjusted. What are doing is bringing conversation starters for you and your financial advisor to cover in your next meeting.
Check out the show notes below for links to Jamie's social media and articles covering the SECURE Act, which can serve as a complement to this episode.
I hope you enjoy!
Show Notes:
Forbes: Congress Set To Pass SECURE Act At Last Minute, Impacting Retirement Planning And Increasing Taxes
JamieHopkins.com: In the SECURE Act Era, You’ll Need a New Retirement Strategy. Roth Conversions Could Be It
Twitter: @RetirementRisks
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
"Family Governance--turning new wealth into old money" is front and center on Jason Howell's website, and the concept of family governance is not one I was familiar with from a financial planning standpoint. From the quote, you can determine that the act of turning new wealth into old money is accomplished by involving the entire family. But what exactly does family governance mean, what does it look like, and how can we implement without families, even if we don't have the ultra-high net worths usually associated with this type of planning?
I've known Jason for a few years now as we are both members of the XY Planning Network, and I as I explain early in the conversation, I had a very instrumental conversation with Jason over dinner one evening during the 2018 XYPN Live conference, so I asked him to join me for a conversation to learn more about the planning he is doing with his clients, why he decided to make Family Governance the foundation for his firm, and share a few "secrets" with us so we might be able to implement the principles in our firms (advisors) or families (clients).
In addition to listening to the conversation, I want to encourage you to grab a copy of Jason's new book, which will be out in a few weeks!
I hope you enjoy!
Show Notes:
Book: The Joy Of Financial Planning 7 Strategies For Transforming Your Finances And Reclaiming Your American Dream
Twitter: @JasonHowellCo
Jason Howell Co. Wealth Advisors
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
The lack of financial literacy in America is a well documented issue, and while many financial advisors discuss the statistics, few have built their firms to really make an impact. I briefly learned about Genti Cici's mission at the Inside ETF's Canada conference this summer as he and I spent about 30 minutes talking between sessions. I found out that he was also going to be at the Wealth/Stack and made plans to sit back down with him to talk more and record a video; after our video, I knew we needed more time and that a podcast episode was necessary.
Genti is the founder of StandUp Advisors, a Registered Investment Advisor in Maryland, and has made it his mission to bring financial literacy to the masses. He has created a financial course, a free financial planning program, and have even travelled the U.S. in an RV giving free classes on the basics of finance to college students. Genti has put his money, time, and energy where his mouth is when it comes to financial literacy.
Be sure to follow Genti, check out his free resources, and either give them a try or pass them on to those who could use them to improve their financial lives. I hope you'll help me spread Genti's mission, share his work, and help more people find his resources.
I hope you enjoy!
Twitter: @GentiCiCi
StandUp Advisors
Financial Planning Course
Financial Planning Calculator
All About Your Benjamins: Talkin' Shop
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Life never goes as planned; sometimes it's for the better and sometimes it not. Being flexible is important to handle life's events and it's important for your financial plan to be flexible as well. Check out this great post by my friend Jeremy Walter in addition to checking out my thoughts on today's Rundown.
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Calibrating Capital: The Most Important Component of a Financial Plan
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
It only makes sense that today's Rundown deals with risk tolerance--I am at the Riskalyze Fearless Investing Summit, after all.
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Eventually, I'd like to find a way to incorporate wellness and health into my financial planning process--I haven't figured out how to do it quite yet, so the most I can do is talk about it and encourage my clients to find ways to take care of themselves.
A couple of weeks ago, I practiced what I always preached and went to have my blood drawn to see what areas in my health could use improvements, did an InBody test to gather more data points, and started a new diet nutrition plan called carb cycling (I'll save you the geeky details). My plan is to continue to take care of myself as best I can to reduce the risks of health issues later in life so I can have a more enjoyable life and also spend less money on health-related expenses.
I encourage you not to view health and wellness as a chore or something to dread, but an investment in both time and money in yourself--yourself today and in the future.
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Wealth/Stack has been well covered--I did my own summary here, so there's no need for me to revisit how great the conference was. While I was in Scottsdale, I managed to record another Project One Question episode for All About Your Benjamins The Podcast. If I'm being honest, I failed at this episode...not because what you are about to listen to or watch is not good. It's quite the opposite--it's outstanding!
This episode could have been even more amazing if I would have managed to get more people on it; if you were at Wealth/Stack and we had a chance to speak, you know my voice was shot after the first day--nonstop talking and dry desert air are not a good combo (you can hear it a little with Bill Sweet). And not only did I not have a voice to ask my question, but there was so much going on that it was hard to grab people and pull them away from the networking or learning they were doing. In fact, I almost scratched the episode until Josh Brown called me out in his opening remarks (it's queued up for you), but after he showed that love I had to go forward with it, and I'm glad I did.
https://youtu.be/C25as7EKrOM?t=450
For this episode of Project One Question, I pulled from George Kinder, who is the godfather of life planning, and asked everyone his third question, "If you found out today was your last day, as you reflect back on your life, what would you do differently?" And not only did I ask my guests to open up and be vulnerable, but I asked them to do it in front of a camera.
I believe the future of financial planning is heading in the direction of life planning--that is creating financial plans that not only help our clients reach their long term "traditional" goals but also allow them to live the lives they want along the way. The goal is to create a plan...create a life...where we eliminate, or at least minimize, those regrets. It's one thing to help a client reach retirement. It's an entirely different thing to help them lead a happier and more fulfilled life WHILE reaching retirement.
If Wealth/Stack was about the future of financial advice, which it was, then it was the perfect place for me to introduce this question and way of looking at planning to other advisors and to those clients watching and listening.
Full disclosure: I am not an expert in life planning; I am trying to improve on getting deeper with the planning for my clients. Despite not being an expert, I see the future for financial planning and this is the future and I'm going to do my part to spread the word!
So, check out this episode with some of my friends and I think I'm going to try and do it again at another conference in 2020 and collect even more answers! Thank you so much to everyone who participated...I know it's not easy to hop in front of a camera and be vulnerable, but I greatly appreciate it and I think your clients will as well. Check below the video for all of the participants and links to their social media or company websites. These advisors are the advisors of the future and I would recommend any one of them in a heartbeat...so if you're in the market a new financial advisor, give them a look!
I hope you enjoy!
https://youtu.be/GYp80ETLOjc
Bill Sweet
Dasarte Yarnway
Kyle Van Pelt
Nyle Bayer
Samuel Deane
Ashby Daniels
Tobias Carlisle
Michael Policar
Alex Chalekian
Brandon Ebert
Victor Orozco
Show Notes:
All About Your Benjamins The Podcast: George Kinder
All About Your Benjamins The Podcast: Scott Frank, CFA, CFP®
The Seven Stages Of Money Maturity by George Kinder
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Ashby Daniels has become a very close friend of mine and this is one of my favorite blog posts he's written. After talking about his personal story growing up, I knew how his run would turn out...there was no way he wasn't going to help the woman in distress. Give his post a read and then give a listen to my quick thoughts about it and how I think how we handle life's curveballs is so important. Ashby is a financial advisor in Pittsburgh and writes the blog, Retirement Field Guide. Be sure to give Ashby a follow and subscribe!
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Retirement Field Guide: Life's Curveballs
All About Your Benjamins The Podcast With Ashby Daniels
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Shoutout to my good friend Tyrone Ross for the motivation I needed earlier this morning with his Periscope. I usually don't put Fed related Rundowns on the podcast, but I wanted to highlight Ty's Periscope to bring it to your attention. Go watch this video as well!
What’s done in the dark will come to light. https://t.co/zbXG3FwjHw — Tyrone V. Ross Jr. (@TR401) September 19, 2019
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
The Meeting Of The Minds in Dana Point was one of my favorite videos I've recorded this year. After getting such a warm response to it, I decided I am going to do my best to organize a fresh Meeting Of The Minds at each conference I attend. As I'm sure you are well aware, Wealth/Stack wrapped up not too long ago, and I was able to fill another hotel room with some of my friends to discuss various topics related to financial planning and advice. Just like in Dana Point, the hotel room in Scottsdale was full of the brightest minds in our profession and the leaders of the future. I mention this in the podcast, but it's worth noting here...the individuals in this hotel room will be names that will change the profession. Trust me.
Below are all of the financial advisors, their Twitter handles, and their company websites.
I hope you enjoy!
Courtney Ranstrom / Trailhead Planners
Nina O'Neal / Archer Investment Management
Samuel Deane / Deane Financial
Steve Sivak / Innovate Wealth
Brendan Mullooly / Mullooly Asset Management
Tim Mullooly / Mullooly Asset Management
Ashby Daniels / Shorebridge Wealth Management
Brad Sherman / Sherman Wealth Management
Russell Kroeger / Upstart Wealth Management
Michael Policar / Hightower Bellevue
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
As much as financial advisors love to solve our clients' financial planning needs and have all of the answers, the truth is sometimes we don't have all of the answers. And sometimes we have the answer, but the solution isn't necessarily easy to accomplish--the most common example/issue is the need for additional income. There are many families who have trimmed the fat from their budget and the only way to really make progress toward their goals is to increase their income.
This is a hard recommendation to give because increase one's income is not as simple as making some minor decisions. In today's Rundown, I discuss the need for additional income as the solution that is right for many financial plans, but so hard to accomplish.
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
I've written about home country bias before, but I thought it would be great to revisit given the U.S. market's outperformance of international markets for yet another year, well at least up until today. Over allocating to your home country is a common behavioral bias investors suffer from and for U.S. investors, it's been a benefit over the last 10 years. But will it be for the next 10?
The answer is no one knows, but I still believe a GLOBALLY diversified portfolio is best for most investors and their financial plans. Be sure to listen to today's Rundown, which I've pushed to the podcast and check out the graphs below that I reference.
Finally, this is not investment advice, so be sure to talk to your financial advisor to see where your home country bias lies and if you need to make any adjustments.
SPTM vs. SPDW vs. SPEM 2019 YTD Source: Y Charts
SPTM vs. SPDW vs. SPEM Last 10 years Source: Y Charts
Source: Visual Capitalist
Visual Capitalist: The $74 Trillion Global Economy in One Chart Past Posts: Home Country Bias And Your Portfolio
Home Country Bias Check-Up
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Balance is something I try to stress with clients when it comes to their financial plan and my friend Jeremy Walter shares reasons why this is so important. You can find his blog post below.
Calibrating Capital: Today Vs. Tomorrowland
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Audience: Clients and Financial Advisors
There are numerous factors to consider when it comes to retirement planning, and I don't know of anyone better suited to discuss some of these topics than Ashby Daniels, CFP®, so I asked him to join me for a conversation covering some of them. In this episode we discuss:
Understanding and re-evaluating your budget Choosing the "right' Social Security strategy Evaluating Medigap and Medicare Advantage Implementing an investment strategy you can stick with for the long run
Disclaimer: These topics are educational and should be discussed with your financial advisor to determine the best solution for your financial plan.
In addition to the retirement planning discussion, Ashby also shares a little about his childhood and how it impacted his life--personally and professionally. The financial advisor in my is most excited about the retirement planning discussion. The individual in me is most excited about the personal stories Ashby shared--I think his personal story will impact far more people than our retirement talk.
Ashby is a financial advisor in Pittsburgh and writes the blog, Retirement Field Guide. Be sure to give Ashby a follow and subscribe!
I hope you enjoy!
Show Notes:
Twitter: @DanielsAshby
Retirement Field Guide
RFG: Will Social Security Still Be There When I Retire?
RFG: Social Security Financial Outlook-2019 Edition
https://youtu.be/gKALoSCbKuQ
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
The job of a budget is to align your use of capital with your values. — Carl Richards (@behaviorgap) July 3, 2019
Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
At the IMN Global Indexing and ETF conference in Dana Point, a group of talented financial professionals got together in a hotel room for an impromptu conversation about the current state of financial services, the future, improvements we'd like to make, and what excites us the most about our profession. You may have seen all or parts of the video, but here it is in podcast format.
Below are all of the professionals, their Twitter handles, and company websites.
I hope you enjoy!
Courtney Ranstrom / Trailhead Planners
Perth Tolle / Life And Liberty Indexes
Emlen Miles-Mattingly / Gen Next Wealth
Dasarte Yarnway / Berknell Financial Group
Alex Chalekian / Lake Avenue Financial
Stephen Nelson / The Athlete Investor
Taylor Schulte / TaylorSchulte.com
Scott Frank / Stone Steps Financial
Tyrone Ross, Jr. / TyroneRoss.io
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Congratulations to the Toronto Raptors and Mr. "Board Man Gets Paid" Kawhi Leonard on winning the NBA Championship last evening. When it comes to trash talk, Kawhi isn't the flashiest with "Board", "Nope", "Bucket" and the infamous "Board Man Gets Paid", but he is one the best NBA players and multi-champion. His game isn't much flashier that his trash talking, but again, he gets the job done and is one of the league's top players.
What if we took a Kawhi-like approach to our finances? Lock down the fundamentals, little flashiness, and get the job done?
Give today’s Rundown a listen and think about your answers to them. And while you are at it, go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
George Kinder is the father of the Life Planning movement, a unique approach to financial planning, and author of one of my favorite planning books, The Seven Stages Of Money Maturity; he also recently released another book that expands on the life planning concept called A Golden Civilization And The Map Of Mindfulness, which we discuss later in our conversation. Having George on the podcast was a huge honor as I've become a big fan of his after my podcast episode with Scott Frank last year (you can listen to that conversation here) and being introduced to his teachings.
We cover everything from the Seven Stages of Money Maturity, to Kinder's three questions, to his Golden Civilization. Talking to George was very easy and enjoyable, and I think you'll really enjoy his passion for everything he does.
Show Notes:
The Seven Stage Of Money Maturity
A Golden Civilization And The Map Of Mindfulness
The Kinder Institute Of Life Planning
Twitter: @kinderinstitute
https://youtu.be/lMfIY0m-f3I
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
There's no shortage of articles explaining how cutting back on minor spending, like daily coffees, can help jump-start savings (or paying down debt), and while not spending as much on coffee will certainly help, it most likely won't make or break a financial plan. The realest answer to the problem of wanting or needing to save more is to make more money--yes, I know that's an obvious answer and may sound a bit elitist, but it's true, so we should discuss it and not act like this option doesn't exist.
Making more money is not easy to do, but it also is not an impossible task. The barriers to entry to get started with a business have never been lower--if that's your preferred method of generating more income--think side hustle. The labor market is strong and demand for good employees is high, which is a positive for asking for a raise, more responsibilities, or even looking elsewhere.
This may not be an option for everyone, but IT IS an option that should at least be explored and discussed if you are serious about saving more, paying down more debt, or just having more breathing room in your budget.
Give today’s Rundown a listen and think about your answers to them. And while you are at it, go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
George Kinder is the father of life planning and more in-depth and intentional financial planning process; I had the privilege to talk with George for an episode that will be on the podcast next week, but I couldn't wait to share the three questions that he teaches in his book The Seven Stages Of Money Maturity.
Give today's Rundown a listen and think about your answers to them. And while you are at it, go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Last July I did a Whiteboard Video about the inverted yield curve. Earlier this year I talked about the inverted yield curve on a couple of the Week In Review Videos. And today, the Rundown is about the inverted yield curve again. As talks with China appear to be going nowhere, for the time being, investors are re-evaluating their tolerance for risk and the yield curve has begun to invert, which in financial media is a big deal. Be sure to give the Rundown a listen to learn more about the indicator.
In addition to today's Rundown, I've also included the video showing what an inverted yield curve looks like and giving a little more information on it for those interested.
Be sure to subscribe to RLS Wealth Management’s Rundown on Amazon
https://youtu.be/6OxpLcUuIAs
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
On Monday the University of Michigan's Consumer Sentiment Index hit a fifteen year high at 102.4, with expectations of 97.5. Check out today's Rundown to learn more about the index and why investors pay attention to the reading.
Be sure to subscribe to RLS Wealth Management’s Rundown on Amazon
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Can you imagine graduating college, excited to head out into the workforce, but also a little nervous about the student loan payments you will soon be making--only to have the commencement speaker inform you he is covering the graduating class's student loans through a grant? Well, the seniors at Morehouse College experienced this over the weekend.
Check out today's Rundown to hear more, along with some thoughts about college planning for the future.
Be sure to subscribe to RLS Wealth Management’s Rundown on Amazon
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
The stereotypical goals of retirement and college are important and often the focus of a financial plan, but the probably won't bring the greatest satisfaction in your life.
What about the other values and experiences that are important to you and your family? Are you planning for those? Do you even know what those are? In Friday's RLS Wealth Management Rundown on your Alexa device, I discuss this in greater detail. I think it's such an important topic, I decided to add it to the All About Your Benjamins feed.
Be sure to subscribe to RLS Wealth Management’s Rundown on Amazon
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
From the May 15th, 2019 RLS Wealth Management Rundown on your Alexa devices. As a quick follow up to Tuesday's Rundown, the selloff Monday was met with nice bounce on Tuesday...I talk about why you shouldn't get too excited about it. Bitcoin, with the little "b", is on a nice little run this year, up over 100%, and I'm starting to see more chatter about it on Twitter and the financial media outlets...proceed with caution.
Be sure to subscribe to RLS Wealth Management's Rundown on Amazon
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
From the May 13th, 2019 RLS Wealth Management Alexa Flash Briefing: United Capital sells for $750 million to Goldman Sachs. One of the largest companies in the Registered Investment Advisor (RIA) world crosses over to Wall Street--what does this mean to advisors and clients of United Capital, along with other RIAs? I share my thoughts, which are strictly speculative right now. I hope it all turns out for the best, but Wall Street has historically been out for Wall Street.
We will see...
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
(041) I knew when Kyle offered to fly out to Fishers to see me we would have a day filled with great conversation and record top-notch content. I had no idea the videos we'd record would be so good that I'd have to make a podcast out of them. With nearly 35 minutes of important information, I was afraid many people would miss out on the conversations with the videos just on YouTube. So, for the first time, the Talkin' Shop series crosses over to the podcast world.
Kyle offers a unique perspective as he has been immersed in FinTech (Financial Technology) for a number of years and as a strategist for Black Diamond (a well-known and respected advisor platform), he is very involved in working with advisors and many other FinTech companies that integrate (and possibly will integrate) with Black Diamond.
If you are a financial advisor, you will definitely want to pay attention to the FinTech he is most excited about, along with his vision of where the profession is heading. Also, keep in mind he is not an advisor, but a potential client telling you what he would like to see.
If you are not a financial advisor, you should be excited about the changes currently taking place in the financial advice space and even more excited about what's coming. I also think you should consider how you would like to see technology improve your financial planning and relationship with your financial advisor. Some financial advisors will embrace FinTech and others will not...depending on your preferences, you may be forced to change advisors.
If interested, you can check out the conversations on the RLS Wealth Management YouTube channel via this post.
I hope you enjoy!
Twitter: @KyleVanPelt
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Episode 40: It seems as if the American Dreams of a college education and home ownership have put many individuals, particularly Millennials, in financial distress. Financial advisors are not immune from the same financial constraints we help our clients with, and in a couple of honest blog posts, Chris Haigh, CFP® shared his experience and anger with the student loan machine.
Chris’ post about student loans was his first blog post and it was a heck of a first post—the FinTwit community immediately embraced it and shared it. In his encore, Chris tackled the myth of home ownership and how in some situations owning a home is not better than renting, despite the common myth that renting is throwing money away.
We discuss both in this episode.
Be sure to follow Chris on Twitter and his blog—he’s just getting started and he’s got plenty more to come.
Twitter: @haighfinancial
The Devil You Don't
The Black Plague 2.0 (Student Loans)
Iconoclastic Capital
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Episode 39: In the last year I've begun to work with more entrepreneurs and have begun learning new planning strategies that while may not be a good fit for everyone, can be very impactful for business owners and other entrepreneurs. In an effort to continue to expand my horizons as a financial advisor, I met Nina O'Neal who has been working with business owners entrepreneurs and high net worth families for most of her career. Since she has years of experience with this type of planning, I asked her to join me in a conversation highlighting a few ways advisors can help their clients take advantage of unique planning strategies
It is important to note our conversation is not a recommendation of any of the strategies or types of investments; consult your financial advisor to discuss your personal situation.
We also talk about the heated debate amongst advisors regarding business models, compensation and the use of the term fiduciary; I really like how Nina notes fiduciary is the behavior of an advisor, not the compensation.
In addition to discussing financial planning, we also talk about her career as a published author, Britney Spears, and how she keeps herself in good shape mentally, emotionally and physically as she balances being a partner at Archer Investment Management, a mom to two boys, and working on a soon-to-be announced project.
There's something for everyone in this episode. Be sure to follow Nina to hear her big announcement in the coming weeks!
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast: Nina O'Neal
Show Notes:
Twitter: @noneal510
Archer Investment Management
Relentless By Tim Grover
All About Your Benjamins Talkin' Shop
https://youtu.be/aE3d6k349AY
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
Episode 38: Establishing a solid financial foundation starts in the home; most people develop their money habits, good or bad, from their parents. While it's not the case for everyone, most carry on the same behaviors witnessed when while growing up which means it is important for parents to show good money habits, but also teach them to their children.
My guest, Frazer Rice spent 15 years working with ultra-high net worth families where in addition to helping them manage their finances, he also helped them teach the younger generations to be ready for the wealth they would one day inherit. In this episode, we discuss some of the exercises Frazer used to use with his clients and translate them into exercises anyone can use, regardless of net worth. Financial literacy is not reserved only for the rich, and as you'll see important lessons can be taught with little dollars required.
This episode has something for both financial advisors and clients; financial advisors think about how you can help your clients educate their children, your future clients, to develop responsible money habits. If you're not a financial advisor, think about the lessons you wish you'd known when you were younger and teach those to your children. Frazer and I give you a few examples, and if you need more help with what you should teach your children, check out this episode from the past with some of the smartest people I know in finance.
I hope you enjoy!
Twitter: @Frazerrice
Wealth Actually
Book: Wealth, Actually
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
The future of financial services is very bright; there's a lot to be excited about: The technology. Access to information. The people. And more.
I'm not the only one optimistic about the future--while at the Inside ETFs conference this week I managed to grab nineteen of my friends and asked them all the same question, "When you think about the future of our profession, what excites you the most?" As you'll hear, this All-Star lineup has a range of reasons they are excited for what the future holds advisors, investment professionals, and clients.
Thank you to everyone who took the time out of their busy schedules to share their answers; I've linked to everyone in the order they appear in the episode so you can follow them or learn more about how they are contributing to the profession.
I hope you enjoy!
My Friends
Josh Brown
Tyrone Ross Jr.
Brendan Mullooly
Barry Ritholtz
Douglas Boneparth
Sarah Newton
Michael Batnick
Bill Sweet
Peter Lazaroff
Phil Huber
Perth Tolle
Brad Sherman
Jennifer Wappaus
Adam Butler
Mike Philbrick
Ryan Kirlin
Jack Vogel
Kali Roberge
Corey Hoffstein
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
I'll keep this introduction short; Khe Hy has been someone I've been following for almost two years now--I first heard him on Patrick O'Shaughnessy's podcast Invest Like The Best and was captivated by his story. I've enjoyed his writing and podcast, Rad Awakenings, and it was a tremendous honor to have him the show.
We cover a lot of ground in this episode, so be ready to learn about Khe's time on Wall Street, why and how he left, the history behind the name of his company and so much more.
If you aren't already following Khe, do yourself a favor and click the links below to stay up to date with what he is doing, and make sure to read the blog posts I've included as well. You won't regret it!
I hope you enjoy!
Show Notes:
Twitter: @khemaridh
Instagram: @radreadsco
Why Do So Many Successful People Fear Being Broke?
Entrepreneurship Lessons From Hip-Hop
How To Overcome The "Scarcity Mindset"
RAD Reads
RAD Awakenings Podcast
Subscribe To Khe's Newsletter Here
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
We've covered various behavior biases impacting investors' portfolios, and in this episode, we will explore a new one...one you've probably never thought about--sector bias. Lawrence Hamtil, a principal with Fortune Financial Advisors, is one of FinTwit's top investment researchers and writers, and he has written extensively on this topic.
I love having guests who challenge my views on investing and portfolio construction, and this episode definitely opened my eyes. Lawrence takes us through how sector bias occurs, what options investors have to combat it, and why investors should take a closer look at where their dollars are allocated.
If you follow Lawrence on Twitter, you know a conversation with him would not be complete without talking a little weightlifting--after all, that is why we originally connected on Twitter.
I hope you enjoy!
Show Notes:
The Perils Of Sector Bias
Twitter: @lhamtil
Fortune Financial Advisors
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
There is no shortage of stories of professional athletes going bankrupt or being taken advantage of by financial advisors, and my guest Amobi Okugo is determined to change those narratives. Amobi is a professional soccer player in the MLS (fun fact: he went pro after his freshman year at UCLA) and the founder of A Frugal Athlete, which is his platform for educating and encouraging athletes to responsibly handle their finances. I originally came across Amobi's story reading our mutual friend Stephen Nelson's interview with him, and I immediately reached out for an introduction.
In this episode, Amobi walks us through how A Frugal Athlete came to be, his vision for the company, and how athletes can change the way they view and handle money. We also discuss how being an athlete has helped him experience success off the pitch (that's soccer for field) with his company.
Although Amobi is creating content to help athletes, the lessons can apply to everyone. There might be certain characteristics that are unique to athletes, like shorter career cycles, but living within your means, managing money properly, and having a strong financial foundation is something everyone can relate to.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 034
Show Notes:
Twitter: @amobisays
A Frugal Athlete
A Frugal Athlete Shop (note: not an affiliate link--just supporting the cause!)
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
In the last episode, we discussed the importance of diversification and now we build upon it and discuss how to optimize a diversified portfolio.
Just like the last episode, we cover a number of strategies and mention some companies–these should not be mistaken for recommendations. This episode is meant to be a conversation, educational, and an exploration into investing in different asset classes to improve diversification, long-term performance, and the overall investor experience. If you are interested in making changes to your portfolio–consult your financial advisor.
Keeping it short and sweet with this intro...I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 033
Show Notes:
Portfolio Optimization: A General Framework For Portfolio Choice
Resolve Asset Management
Twitter: @MikePhilbrick99
Twitter: RodGordilloP
Twitter: @GestaltU
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
There is overwhelming evidence suggesting diversification provides a tremendous "free" benefit for investors. Yet despite the evidence, many investors fail to properly diversify. Whether it be overweighting to their home country, chasing returns, or not even having an investment strategy, too many investors underperform due to succumbing to behavioral biases or ignorance.
In this first of a two-episode series, I'm joined by Mike Philbrick the President, CCO and portfolio manager at ReSolve Asset Management. Mike and his colleagues have written numerous papers on the importance of diversification, and we highlight one in particular in this episode, "Getting Comfortable With Being Uncomfortable".
Mike takes us through the fundamentals of diversification, arguments for revisiting the importance of diversification going forward, and introduces additional ways to diversify portfolios. We cover a number of strategies and mention some companies--these should not be mistaken for recommendations. This episode is meant to be a conversation, educational, and an exploration into investing in different asset classes to improve diversification, long-term performance, and the overall investor experience. If you are interested in making changes to your portfolio--consult your financial advisor.
Be sure to check back next week for part two of the series where Mike takes us through the portfolio optimization process to build on the principles we discuss in this episode. You'll also get to find out how he defines wealth in that episode!
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 032
Show Notes:
Get Comfortable With Being Uncomfortable I
Get Comfortable With Being Uncomfortable II
Get Comfortable With Being Uncomfortable III
Skis and Bikes
Twitter: @mikephilbrick99
ReSolve Asset Management
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Private equity is an asset class many investors know very little about. It's limited to the wealthy-- you have to be an accredited investor ($1 million in net worth, excluding primary residence or $200k single/$300k married annual income) to have access to the best managers and it tends to be illiquid, which also makes it not the best investment option for most investors. In addition, private equity tends to be more expensive than the ETFs and low-cost mutual funds many investors have grown to love.
But, as my guest, Wes Lyons, CFP® explains, private equity provides a tremendous opportunity if you are able to identify good managers. Wes is more than qualified to introduce you to private equity; not only is he a CFP® Professional, but he is also a general partner in a private equity fund. Wes has first-hand experience meeting entrepreneurs, researching their businesses, deciding to invest in their companies, and as he says, walking alongside them (I really like this!).
For most, a low-cost diversified portfolio and a focus on spending, savings, increasing earnings, emotions, and other behaviors are the keys to a successful financial plan. With that being said, I don't think asset classes like private equity should automatically be dismissed--yes, they may cost more, but if the benefit outweighs the cost, then maybe it is worth a consideration?
I thoroughly enjoyed my conversation with Wes. I enjoyed learning more about an asset class I knew very little and about how private equity allows investors to make impactful investments. I ended my conversation with Wes less skeptical and more intrigued by private equity.
A brief disclaimer: The mention of the Eagle Venture Fund is not a recommendation or a solicitation to invest in it. If you are interested in determining if private equity is a good fit for your financial plan, please consult your financial advisor.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 031
Show Notes:
Wes Lyons, CFP® LinkedIn
Eagle Venture Fund
Hopkins Investment Management
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
At some point this summer I noticed a new and very active member in the FinTwit community; he was reaching out to all of the people we know and respect to meet for coffee, lunch, dinner, or just some of their time to ask questions and learn. It was obvious he was having success by the thank you tweets he was sending out, and when you see FinTwit royalty taking time to meet with the same person, you take note.
Then he started dropping these great blog posts where he would go back in time and connect history with finance; if you hadn't noticed him through his networking, then you definitely were noticing him because of his writing.
Because he came upon us all so quickly, I asked Jamie Catherwood to join me for a conversation that might serve as more of an introduction to who he is.
What's his story? Why finance and history? When not studying, reading, or writing what is he doing? And more...
I've had the pleasure of talking with Jamie a few time prior to this episode, and I'm excited for listeners to learn more about him.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 30
Show Notes:
Twitter: @jfc_3_
Medium: Jamie Catherwood Blog
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
The personal finance and investing experience is constantly changing and changing for the better thanks to technology; Fintech is providing education, access, and leveling the playing field and there are few people, if any, who are entrenched in the space than Ian Rose. Ian is the CEO of StockTwits, a platform for investors to trade ideas and learn from each other. In addition to being a great tool for investors, StockTwits is also your go-to for market-related gear--check out the link below for their shop.
I love technology and am fascinated by what I see occurring in the FinTech space, so I asked Ian to join me to share his love an experience in FinTech. We talk about his path to becoming the CEO of StockTwits, the happiness he has found in his role, what excited him about FinTech, and the one company he sees with the most potential. I also steal his favorite question and ask him what he is afraid of.
I'll hopefully be connecting with Ian in November, so hopefully, I'll be able to provide some more insight with a quick follow-up.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 29
Show Notes
Twitter: @ianrosen
Twitter: @StockTwits
StockTwits
StockTwits Instagram
StockTwits Store
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
It all started with a tweet. I've been an avid reader of James Clear for the last couple of years, and when I saw he was releasing a book, Atomic Habits, I immediately pre-ordered it. Not too long after placing my order, I saw James mention he would be making the rounds in the podcast circuit so I decided to tweet my support of his book and take a chance by inviting him on All About Your Benjamins The Podcast--I had no expectations of a response.
Within a few minutes, he responded he'd love to come on; fast-forward a couple of weeks I had the opportunity to record an episode with him where we talked about his book, the connection between habits and finance, Air Jordans and more.
If you're interested in learning how developing habits to help build the life you want, accomplish your goals, or just become healthier, then this podcast and book are for you. James clearly (no pun intended) understands the power of habits and does a tremendous job explaining the how, why, and what-nots about them--and we only scratch the surface of what he covers in the book.
Be sure to grab your copy of Atomic Habits and start forming good habits for your life, especially your financial life!
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast ep. 28
Show Notes:
Atomic Habits
www.atomichabits.com
www.jamesclear.com
Twitter: @jamesclear
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Behavioral finance, the field of understanding why we make the decisions we do with money, is not a new topic for this podcast; I am fascinated by the subject and it is a tremendous honor to have Dr. Daniel Crosby on this episode. Dr. Crosby has just released a book called The Behavioral Investor, which is a must-read for anyone interested in learning more about the mind and money--he even discussed the biological effects of money.
During our conversation, we talk about the new book (released October 16th, 2018), along with its predecessor The Laws Of Wealth. We also dive into some of the biases we suffer from when it comes to money and how they can be hacked, Daniel's goals for this book, and the importance of fitness and wellness in his life, along with balancing out the biological impacts of money.
I consider myself lucky that I have a lot of fun with my podcast conversations, and this episode with Dr. Daniel Crosby is no different.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 27
Show Notes:
The Behavioral Investor
The Laws Of Wealth
Twitter: @danielcrosby
The Hour Between Dog and Wolf
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Fintech has already made its impact on investment management, and with innovators like Andres Garcia-Amaya, it's moving its sights toward financial planning and advice. While most Fintech companies are focusing on driving the cost of investing down, more companies are coming along looking to help individuals find a financial advisor that best fits their needs.
Zoe Financial, Andres' startup company, does just that. Before I go further, I think it is important for me to disclose that as I got to know Andres and Zoe Financial over the last couple of years, I eventually became an advisor on the platform--so I have a business relationship with Andres, but don't worry this episode is not an hour-long promotion of his company.
Instead, we discuss his childhood in Colombia and his family's move to New York, when and why he fell in love with Wall Street, his time spent there, and his eventual departure to start Zoe Financial.
We also discuss the current state of financial planning and advice and where he sees the industry going, along with the impact of technology. We manage to cover a lot in less than an hour, and we could have probably continued for longer.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 26
Show Notes
Twitter: @andrgarc
Zoe Financial
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Last month I spent three days in St. Louis at the XY Planning Network's annual conference, XYPN Live, learning and discussing how advisors can collectively continue to move the financial planning industry forward. Most in attendance were financial advisors and most of those financial advisors were CFP® Professionals and XYPN members; however, there were non-XYPN members thinking of breaking away to start their own firms, Fintech people, and a few others just really interested in financial planning. It was a great group and a great time--the conversations I had with other advisors alone were worth the drive over.
While I was there I decided to break out my digital recorder like I did earlier this summer at EBI West and ask as many people as I could one question... "What is one misconception young professionals have about financial advisors that you'd like to debunk?" My hope for this podcast is that listeners, especially young professionals, realize many of the excuses they have been using to delay meeting with a financial advisor are just that...excuses. You'll hear from different advisors, serving different niches, with different strengths and approaches to working with clients--yet, despite their differences, you'll hear a lot of similar answers and an underlying theme that there is a growing tribe of advisors wanting to help young professionals and the traditionally underserved with financial planning.
A secondary and personal goal for this episode is to hear from one of the guests that they started working with a new client because of their answer. I view this as a win-win; an individual needing financial advice took the initiative to get started and a great advisor grew their business!
I've listed each of the participants in the order they answer on the podcast. I've also linked to each of their websites in case one of their answers motivates you to get moving on your financial planning. Many of the advisors you will hear are in the early stages of running their own firms, and I will not be surprised if a number of these advisors end up on Investment News 40 Under 40 and other industry lists.
One final housekeeping note: I changed the format from EBI West...I listened to the feedback and instead of repeating the question with each guest, I asked the question to the first guest and each guest thereafter just says their name and firm name prior to asking the questionnaire; less of me and more from the superstars!
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 25
Kyle Moore, CFP®
Grant Bledsoe, CFA, CFP®
Kelly Luethje, CFP®
Melissa Ellis, CFP®
Breanna Reish, CFP®
Brian Face
Ryan Frailich, CFP®
Daniel Hannoush, CFP®
Asad Gourani
Dilllon Ferguson
Alan Moore, CFP®
Mychal Eagleson, CFP®
Kyle Thompson
Shawn Tydlaska, CFP®
Tim Kenney, CFP®
Treavor Dodsworth, CFP®, CPA
Kevin Mahoney, CFP®
Brian Thompson, JD, CFP®
Leighann Miko, CFP®
Jason Howell, CFP®
Dave Grant, CFP®
Emlen Miles-Mattingly
Helen Ngo, CFP®
Isaiah Douglass, CFP®
Bill Winterberg, CFP®
Christine Su
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
What if you were able to create a financial plan that led you to the life you wanted--I'm not talking about retirement at 65, putting your kids through college, and the typical goals covered by most financial plans, but the life YOU really want to be living? Most financial advisors aren't equipped with the skills to help their clients reach this level of planning; early in our careers, we are trained to identify problems and create strategies to fix those problems. We aren't taught to be active listeners (although some naturally have this trait) and therefore miss the opportunity to connect with clients in a deeper, more meaningful way.
Scott Frank, CFP®, CFA®, the founder of Stone Steps Financial, is doing the type of planning, known as life planning, described above. I've had the pleasure to know Scott for a little more than a year, and I've always walked away inspired to dig deeper with my clients after talking with him. I asked him to join me to talk about how life planning has transformed his practice and is allowing him to live the life he wants--just like he's helping his clients do.
This episode is for both the advisor community and individuals:
For the advisor community, we discuss how important active listening is in the planning process and how much of what we have been trained to do prohibits us from helping our clients discover and reach their best lives. For individuals, we discuss what life planning entails and continue to build upon previous podcast episodes' financial planning conversations.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 24
Show Notes
Twitter: @scott_r_frank
Stone Steps Financial
George Kinder: The Seven Stages Of Money Maturity
George Kinder: Lighting The Torch
The Kinder Institute Of LIfe Planning
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Many Millennials are entering a stage in their lives where proper financial planning will make a huge impact on their futures. The trouble is, for so long financial advisors didn't want to work with young professionals, which led to a group of individuals believing they don't need or aren't ready for financial planning. Fortunately, there is a growing force of financial advisors dedicating their practices towards the young professional; Douglas Boneparth, CFP® is one of those advisors.
Douglas is a financial advisor and the founder of Bone Fide Wealth in New York City, where he helps young professionals establish and build upon their financial foundations. Like so many of my guests, I met Douglas through Twitter; if you're active on or a follower of FinTwit you definitely know him--you've probably seen him on CNBC, read him in various publications, or watched his videos on his YouTube channel. Between running his firm, taking care of his clients, and creating content to help spread financial literacy, Douglas is one of the busiest financial advisors in the business--something I have mad respect for!
This podcast has something for everyone:
For the young professional (or anyone really), we discuss why they need a financial plan, what financial planning looks like and by default, what bad financial planning looks like, and more. For financial advisors, we discuss why they should be focusing on young professionals, what our business models look like, the future of our business, and more. For fitness buffs, we talk about Peloton bikes. For hip-hop fans, we discuss Eminem, Logic and Kendrick Lamar.
If you're a reader of my blog, you certainly fall into one of those categories, and I'm positive you'll learn something beyond the topic of your initial interest. I had a great time talking with Douglas--we kept the conversation going for another hour offline--I should have kept the tapes rolling because there was some good stuff covered.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 023
Show Notes:
Twitter: @dougboneparth
Bone Fide Wealth
FaAF Apparel
IG: Dougnotsofunny
CNBC: Financial Planning Is Not A Quick Fix
Peloton Bikes
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Unless you're a CPA, you probably don't like to think about taxes, but after listening to this episode with Bill Sweet, you just might. Bill is the CFO and resident tax expert at Ritholtz Wealth Management, one of the fastest growing RIA's in the country, and he is the perfect guest to make taxes interesting.
I asked Bill to join me to discuss the importance of considering the tax implications of our financial decisions. Without crossing the line of giving advice, we discuss a number of different ways to as Bill likes to say, "pay the least amount of income taxes on our assets over time".
I cannot stress enough that the ideas Bill and I discuss should not be mistaken as advice; tax planning is dependent upon your personal situation, so consult your tax advisor to discuss ways to improve your plan.
I've been fortunate to know Bill for a few years now, and I always have a great time when I get a chance to talk to him. In addition to being a great advisor and tax wizard, Bill is just an overall great guy, and I'm excited for more people to get to know him!
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 022
Show Notes:
Twitter: @BillSweet
Family Inc. By Douglas McCormick
Michael Kitces: Roth vs Traditional IRA: The Four Factors That Determine Which Is Best
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Gaming and esports are quietly becoming a multi-billion dollar industry, and it's not just the game and device makers profiting. Gamers and e-athletes are receiving college scholarships, endorsements, and surprising incomes for playing their favorite video games. Blake Street, a founding partner and Chief Investment Officer for Warren Street Wealth Advisors, is not only a financial advisor but a gamer himself.
I asked Blake to join me for a discussion about all things gaming. We cover everything from the difference between gaming and esports, how gamers and e-athletes are creating careers out of their passion for gaming, ways to participate in the growth of this industry and more. Blake even shares a little about his past life as a professional gamer.
To round out the conversation, we take it from the digital court to the NBA hardwood and discuss his beloved Lakers offseason signing of LeBron James and Lance Stephenson, along with Kobe Bryant.
If you are new to or have children interested in gaming, this will be an eye-opening episode.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 021
Show Notes:
Twitter: @bmcstreet
Twitter: @notyourdadsplan
Warren Street Wealth Advisors
Not Your Dad's Plan (coming soon)
F45
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
In America, we tend to take the economic and personal freedoms we have for granted; not all countries allow for basic human rights like property ownership, equal rights for women, banking rights, and more. In this episode, I am joined by Perth Tolle, the founder of Life and Liberty Indexes to discuss the index she has created which allows investors to invest in emerging market countries with human and economic freedoms.
I had been following Perth for a while on Twitter, and I finally had the opportunity to meet her in person at the EBI West conference earlier this summer. After talking with her for a short time, I knew I had to have her on to share her story. The story behind Life and Liberty Indexes is fascinating, especially the story of Perth's time in Hong Kong and China and her friend, who was one of the many inspirations behind Perth's mission.
In our conversation, we cover Perth's start in financial services as a financial advisor, how the idea of Life and Liberty Indexes came to her, why she decided to make the index a reality, the people who have been instrumental in her success, and her hopes for her company. Oh, and I think she may have committed to the March For The Fallen, what do you think?
I always say this, and it's true...I had a great time talking with Perth, and you're going to be amazed by the work she is doing.
I'll leave you with a simple quote from Perth that sums up the Life and Liberty Emerging Market Index, " Protection of individual freedoms is an effective indicator of economic growth and stability."
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 020
Show Notes:
Twitter: @Perth_Tolle
Life and Liberty Indexes Website
Perth on Bloomberg Discussing Emerging Markets and Life and Liberty Indexes
Alpha Architect March For The Fallen
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Wouldn't it be great if your investment dollars were able to impact the way the world's largest companies conduct business? Thanks to Socially Responsible Investing (SRI), investors have the ability to invest in companies meeting a variety of different screens in an attempt to do just that. One of the most popular themes of SRI is ESG investing, which places an emphasis on rewarding companies with "good" environmental, social and corporate governance scores. ESG has caught the attention of large institutional investors, financial advisors, and to some extent, the average investor.
In the nineteenth episode of All About Your Benjamins The Podcast, I'm joined by my friend, Joey Fishman, an Investment Advisor Representative with Ritholtz Wealth Management. I give Joey the credit for opening my eyes to Socially Responsible Investing and encouraging me to learn more about it, so it was a no-brainer that I have him on to introduce listeners to SRI, specifically ESG investing, share how his firm is bringing the investment strategy to their clients, discuss the problems SRI faces and share his view on the future of investing within the space.
Even though I've spent many hours reading and learning about Socially Responsible Investing, I still learned a lot from my conversation with Joey. Before you listen, I'd like to leave you with one quote from Joey summarizing ESG investing's goal... "ESG falls under the broader mandate of Socially Responsible investing...what ESG essentially attempts to do is strikes the right balance between market-level returns and pushing to have some semblance of better output in terms of social values." I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 019 (coming soon)
Show Notes
Twitter: @JoeyFishman
Ritholtz Wealth Management
How Investors Can (And Can't) Create Social Value
MSCI ESG Investing
Sustainalytics
John Hale on Medium
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
The eighteenth episode of All About Your Benjamins The Podcast is a special project I came up with shortly before heading to California for the Evidence-Based Investing Conference (EBI); this special project consisted of asking some of my friends from FinTwit (Finance Twitter), along with some of the individuals I look up to the most, one question and one question only. "What's the one thing about money you wish someone told you when you were younger?" Fair warning was issued via Twitter and I set out with my microphone in hand, well in my backpack, beginning the second day. The participation and responses I received far exceeded my expectations; so much so, I put my summary blog post on the back burner so I could edit the podcast and get it out A.S.A.P.
I've compiled the various answers into a single episode; my hope is the wisdom shared on this podcast will impact at least one listener. A couple of observations regarding the answers:
Some answers will overlap. Some answer will be the same, just worded differently. Some answers will conflict. I say "Awesome" way too much.
The beauty behind these observations is they show just how individualized and personal money is; they also show how much fun this profession can be given the different points of view that can be used to help clients develop plans and improve their finances. There's no one right answer to this question, just as there is no one right way to structure a financial plan.
As you listen to the podcast you will hear from individuals you probably know and from others you might be meeting for the first time. I can assure you everyone on this podcast is doing amazing work in the worlds of finance, financial planning or investing. These are the individuals blazing a new path for the future of financial services--check the links below, they're all legit.
The episode is arranged in no particular order, with the exception of trying to end it with a bang. See below for the outline of names and the order.
Finally, thank you to everyone who participated; I was beyond excited to speak with each of you, and I cannot express my gratitude enough for your willingness to help me out. If there's anything I can ever do to repay the favor, I'm publicly stating all you need to do is ask.
I really hope you enjoy this one!
iTunes: All About Your Benjamins The Podcast Episode 018
Participants (Click name to visit their Twitter pages):
Read by Justin:
Kyle Moore
Jon Boorman
Recorded Live:
Joey Fishman
Morgan Housel
Ryan Kirlin
Jack Vogel
Kris Venne
Dina Isola
Blake Street
Jonathan Novey
Howard Lindzon
Perth Tolle
Peter Lazaroff
Phil Huber
Ian Rosen
Blair duQuesnay
Taylor Schulte
Tony Isola
Nick Maggiulli
Christie Hamilton
Bill Sweet
Tadas Viskanta
Carolyn Gowen
Michael Batnick
Barry Ritholtz
Josh Brown
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
On the seventeenth episode of All About Your Benjamins The Podcast I'm joined by Brian Portnoy, Director of Investment Education for Virtus Investment Partners. In addition to his role with Virtus, Brian is also an esteemed author, and I asked him to join me to discuss his newest book, The Geometry Of Wealth.
As you will hear me mention in the podcast, I think The Geometry Of Wealth should be required reading before beginning down the financial planning path. Understanding why humans view money they way we do is an important concept that can have a positive impact on a financial plan. Brian does an outstanding job of breaking this down and making it very easy to understand. While we cover a lot of ground in our conversation, we only touch on the tip of the iceberg; you will most certainly want to grab a copy of The Geometry Of Wealth to get the rest of Brian's expertise on the subject.
Not only will you receive a great education by purchasing his book, but Brian is also donating 100% of the proceeds to various charities important to him and his family. You learn and others benefit financially---better grab a couple of copies to share the knowledge.
I feel fortunate to have connected with Brian via Twitter and to have him take the time to join me for this episode. It was a great conversation and an even better book.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 017
Show Notes
The Geometry Of Wealth by Brian Portnoy
The Investors Paradox by Brian Portnoy
Twitter: @BrianPortnoy
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Disclaimer: Before you listen, please remember this conversation is for informational and educational purposes only. The cryptoassets discussed with Tyrone are not recommendations; it is imperative you consult a financial advisor to determine how and if cryptoassets fit into your overall financial plan.
On the sixteenth episode of All About Your Benjamins The Podcast, I'm joined by Tyrone Ross Jr., a managing partner and financial advisor at NobleBridge Wealth. Tyrone is a true triple threat...financial advisor, cryptoasset expert and world-class athlete. Very few financial advisors are currently advising their clients on crypotassets and Blockchain, but Tyrone has positioned himself as one of the go-to financial advisor experts in the space.
I've spent a substantial amount of time researching cryptoassets, but I'm still not to ready to begin incorporating them into my practice, which is why I asked Tyrone to join me for a conversation centered around how he discovered cryptoassets, when he began helping clients with them, and the future of the space. Be sure to check the show notes below because Tyrone provides a lot of great resources and I've linked to them all.
And you already know we found time to talk about fitness...it's not every day I have an Olympic Trial qualifier on the show; be sure to check out his Instagram page for some crazy pull-up action, along with some great book recommendations.
I really enjoyed my time with Tyrone, and I'm looking forward to staying in touch with him and having him back on as the world of cryptoassets continues to evolve. I think you're really going to dig this one!
I hope you enjoy!
Itunes: All About Your Benjamins the Podcast Ep. 016 (link available soon)
Show Notes:
Satoshi Whitepaper
Cryptoassets by Chris Burniske and Jack Tatar
All About Your Benjamins: Blockchain and Cryptocurrency Posts
DailyBit Newsletter
Token Daily
Proof Of Work
Twitter: @TR401
LinkedIn: Tyrone Ross Jr.
Instagram: @Tyrun401
NobleBridge Wealth
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
On the fifteenth episode of All About Your Benjamins The Podcast you're stuck with just me!
Before you decide to skip this episode, I'm answering some great questions from listeners, and I'm hoping to be able to do this periodically as more questions come in...send them to me at contact @ allaboutyour benjamins dot com or on Twitter, @Jus10Castelli.
In the first listener Q & A episode, I'm answering questions about:
Coffee and intermittent fasting One tip for someone finally making "real money" Three things young families should have to help put their finances in order How much life insurance someone needs Active vs. passive management Whether or not now is a good time to get into the markets How a pension might impact how aggressive an individual can invest
As you can see, they are great questions and I really enjoyed working through them. Not only can you listen to me answer the questions, but you can also watch me as I record this episode on The All About Your Benjamins YouTube Channel.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 015
YouTube: All About Your Benjamins The Podcast Live Ep. 015 (Be Sure To Subscribe!!)
Show Notes:
All About Your Benjamins The Podcast Ep. 013 Live Longer And Prosper With Tim Hays
Of Dollars And Data: Success By Exhaustion
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
On the fourteenth episode of All About Your Benjamins The Podcast I'm joined by my friend Brendan Mullooly, CFP® of Mullooly Asset Management. In one of my first podcast episodes, I mentioned one of my goals was to have other financial advisors that were early in their careers on before they become big names in the profession--Brendan, along with his brother Tim (a former podcast guest), fit the bill.
In this episode, Brendan and I discuss an increasingly popular topic amongst financial advisors--behavioral finance. As our profession moves from a sales to providing actual advice and financial planning, financial advisors are focusing more on behavioral finance to have a better understanding of why individuals make the decisions they make with their money. Advisors need to provide more value than just asset management going forward and helping clients manage their behavior will be critical.
As the client, it is important for you to understand why you may have struggled to stick to your financial plan in the past; understanding and being able to identify different biases we all struggle with is the first step in being able to overcome them, and Brendan and I discuss a number of different biases...you're sure to recognize at least one of them.
Staying true to form, we end with a brief conversation about yoga, running and intermittent fasting. I enjoyed my conversation with Brendan and I'm looking forward to catching up with him later this year at the Evidence-Based Investing Conference in NYC.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 014
Show Notes:
Your Money and Your Brain by Jason Zweig
Of Dollars and Data: The Echo Chamber
CFA Institute: Understanding Behavioral Biases Course
Twitter: @BrendanMullooly
Mullooly Asset Management Website
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
The thirteenth episode of All About Your Benjamins The Podcast is also the first episode in a new series I'm calling Live Longer and Prosper. LLAP is an experiment to find how to incorporate health and wellness into financial planning by examining different ways to improve our health. As I mention in the podcast introduction, we spend so much time focusing on the financial plan and investments, but what good are all of the efforts if we are not in good enough health to enjoy it all?
In this episode, I'm joined by my close friend Tim Hays and we have a very open and honest conversation about a number of topics ranging from why nutrition and fitness are so important, different ways to try and improve overall health like fasting, dietary changes, weight training, and more. We also discuss how difficult it can be to find information due to conflicting studies funded by companies with agendas. I had a lot of fun with this episode and I think Tim and I laid the foundation for a great series. You can read here to learn more about why I started this series.
As with anything discussed on this podcast, nothing Tim and I discuss should be considered advice; we are not healthcare professionals and a far from experts. It's important you consult your healthcare professional before making changes to your lifestyle!
It's time to start thinking beyond the number when it comes to your financial plan and to take a look at how your health can impact your financial plan both financially and physically!
iTunes: All About Your Benjamins The Podcast Ep. 013
Show Notes
Dr. Rhonda Patrick website
Invest Like The Best Podcast with Dr. Peter Attia
Dr. Peter Attia
Dr. Dominic D'Agostino
The Whim Hof Method
Primal Swoledier
The Primal Blueprint by Mark Sisson
It Starts With Food by Melissa Hardwick
Unconventional Medicine by Chris Kresser
The Four Hour Body by Tim Ferriss
Found My Fitness Podcast (Dr. Rhonda Patrick)
Fed Up
What The Health and Robb Wolf Rebuttal
EverlyWell Food Sensitivity Test
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
In the twelfth episode of All About Your Benjamins The Podcast I'm joined by President of Sherman Wealth Management, Brad Sherman. Like so many of my guests, Brad and I originally connected via Twitter. What started out as a simple retweet led to a brief exchange on Twitter and then to this episode.
Brad and I discuss the Department of Labor's Fiduciary Ruling, what it means and looks like to be a fiduciary, fee-only planning and more. I even learn about a new workout program, called Warrior Sculpt, that piqued my interest. I really enjoyed getting to know Brad beyond Twitter, and I'm looking forward to getting a chance to hang with him in person later this month at the StocktoberFest East conference in New York City; I have a feeling this won't be his only appearance on the podcast.
Be sure to check out all of Brad's social media and give him a follow.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 012
Show Notes:
Investment News: What Does The New CFP Standard Mean For A CFP At A Wirehouse?
All About Your Benjamins: Get To Know Your Advisor
Twitter: @Shermanwealth
Facebook: Sherman Wealth Management
Instagram: Sherman Wealth
LinkedIn: Brad Sherman
Sherman Wealth Management Website
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
On the eleventh episode of All About Your Benjamins The Podcast I'm joined by CEO and Co-Founder of Berknell Financial Group, Dasarte Yarnway. Not only is Dasarte a CEO at the age of 26, but he is also a published author with his new book Young Money--making me feel like an underachiever at the age of 36!
In Young Money Dasarte shares four actions to help readers build wealth, and I asked him to join me to discuss one particular action--Mastering Your Mindset. Most financial books cover the basics of budgeting, asset allocation, saving, etc. and all of those(and more) are covered in Young Money, but I really appreciate how Dasarte goes beyond and discusses the psychological areas tied to personal finance as well.
In our time together we also discuss his childhood and how it shaped his views on money, his career as a football player at the University of California-Berkeley, how he got interested in finance and more. I think you will enjoy Dasarte and our conversation; he will definitely be someone you will hear from again on the podcast.
Be sure to order a copy of his book for yourself or someone who could use a good introduction to personal finance.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 011
Show Notes:
Young Money by Dasarte Yarnway (Support Dasarte and grab a copy!)
Twitter: @DasarteYarnway
Berknell Financial Group
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
The tenth episode of All About Your Benjamins The Podcast welcomes yet another member of the Newfound Research crew. I'm joined by Nathan Faber, Vice President of Investment Strategies, to discuss a paper he recently wrote comparing a dollar-cost averaging strategy with a lump sum investment strategy. You might be surprised to learn which strategy the research suggests is optimal. We'll discuss Nathan's research, the psychological aspect of choosing one strategy over the other, and how to decide which approach is best under different circumstances.
We also discuss Nathan's background as a chemical engineer, how he landed at Newfound and staying true to my roots, we also discuss intermittent fasting.
I really enjoyed my time with Nathan, and I hope to have him on the show again to discuss future research papers.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 010
Show Notes:
Whitepaper: Should You Dollar-Cost Average? by Nathan Faber
Vanguard: Dollar-Cost Averaging Just Means Taking Risk Later
Twitter: @theNFaber
Flirting With Models Blog
Newfound Research Website
James Clear: The Beginner's Guide To Intermittent Fasting
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
The ninth episode of All About Your Benjamins The Podcast is a special one--in this episode, I'm joined by Corey Hoffstein, co-founder and CIO of Newfound Research. I've followed Corey for a few years now and have had the opportunity to talk with him on a number of occasions, so when he agreed to come on the podcast I was extremely excited. Corey is one of the sharpest people I've met and there are a number of topics I could have discussed with him, but I settled on factor investing since it is a topic he has written about on numerous occasions. For many listeners, the concept of factor investing may be a new topic and there is no one better to introduce the topic to you than Corey.
In this episode, Corey will introduce you to factor investing, how it can be used in a portfolio, and what needs to be considered if/when using factors in a portfolio. He also shares his favorite factor and a great introductory book if you are interested in learning more. There is a lot of great information in this episode, and Corey does an amazing job breaking down a complicated topic in terms we can all understand.
Don't worry, despite all of the investment conversations, we still find time to talk a little fitness.
Disclaimer: Although we do not discuss in great detail, Newfound Research does offer mutual funds investing in strategies we discuss in this episode. Corey's appearance and mention of his firm and mutual fund do not represent an endorsement of Newfound Research or its funds. This conversation should also not be considered a recommendation of investment strategy or funds. Consult your financial advisor if you are interested in factor investing.
iTunes: All About Your Benjamins Ep. 009
Show Notes:
Twitter: @choffstein
Flirting With Models Blog
Newfound Research Website
Your Complete Guide To Factor-Based Investing by Larry Swedroe
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
In the eighth episode of All About Your Benjamins The Podcast, I get the opportunity to talk with Leanna Haakons, the founder of Black Hawk Financial. Leanna has taken her experience consulting with various investment companies to helping wealth management firms communicate better with their clients. In addition to helping firms educate their clients, Leanna has also written her own educational book, Young, Fun and Financially Free.
We spend most of our time discussing her book, particularly focusing on the areas most personal finance introductory books miss. And yes, we even manage to work in the topic of fitness in our conversation...the streak continues!!
I really enjoyed getting to talk with Leanna. We covered a lot of ground and important topics for not just young professionals, but anyone looking to get a better grasp on their financial situation.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 008
Show Notes:
Twitter: @leannanblackhawk
Instagram: @leanna_hawk
Black Hawk Financial Website
Young, Fun and Financially Free Book
Young, Fun and Financially Free Bonus Worksheets
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
In the seventh episode of All About Your Benjamins The Podcast I'm joined by Tim Mullooly, one the fearsome foursome at Mullooly Asset Management. Tim works alongside his father Tom and his brothers Brendan and Casey--you'll be hearing more from the Mullooly clan in the future. I recently was a guest on Tim's podcast, Living With Money, and I asked him to join me on AAYB to continue our conversation into a deeper discussion about the foundations of a financial plan.
Many individuals are approached by "financial advisors" claiming to offer financial planning when in reality it becomes a sales pitch or only asset management. Tim and I cover the areas you should have addressed when working with a financial advisor to create your financial plan. If some of these topics are new to you, then it may be time to revisit your plan and possibly your financial advisor. It was a great conversation and I think it will be helpful to those wanting to get started on their financial planning, but not quite sure where to start.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 007
Show Notes:
Twitter: @TimMulloolyMAM
Living With Money Podcast
Mullooly Asset Management Website
Blog Post: Waiting On The High Schools To Change
XY Planning Network Find An Advisor
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
The sixth episode of All About Your Benjamins The Podcast is a special edition, and I'm joined by my friend Andrew Thrasher to discuss the recent volatility in the market and what that means to the average investor. We'll discuss what volatility and the VIX are, how he uses it in his job, how the average investor should react to volatility, and cover the risks of some of the investments available dealing with volatility.
There is no one more qualified to cover this topic; Andrew is the 2017 Charles H. Dow Award winner for his paper on volatility, and we're lucky to steal some of his time! I'm looking forward to having him back on for a formal conversation in the future.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 006
***DISCLAIMER: IT'S IMPORTANT TO UNDERSTAND WE ARE NOT MAKING ANY RECOMMENDATIONS REGARDING INVESTMENTS, STRATEGIES OR ANYTHING OF THAT NATURE. THIS CONVERSATION IS PURELY INFORMATIONAL AND IS INTENDED TO HELP YOU GAIN A BETTER UNDERSTANDING OF A TOPIC YOU HAVE HEARD A LOT ABOUT IN THE LAST WEEK.
Show Notes:
Twitter: @AndrewThrasher
Blog: Andrew Thrasher
2017 Charles H. Dow Winning Paper
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
In the fifth episode of All About Your Benjamins The Podcast I am joined by Bennett Grove, founder of Fire Dawg Cleaning Services and Fire Dawg Junk Removal. Bennett is a friend from my days at Franklin College and in full disclosure, he is also a client of my firm. I asked Bennett to join me to discuss a book he introduced me to, Extreme Ownership by Jocko Willink and Leif Babin. We'll discuss the book's overall message, along with focusing on a few specific principles covered by the authors. We'll also discuss how these principles can be used to improve your career, your personal life and increase your overall happiness.
Yes, of course, we discuss fitness and particularly how it has effects beyond physical and aesthetic benefits.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 005
Show Notes:
Twitter: @DawgServices
Fire Dawgs Cleaning Website
Fire Dawgs Junk Removal Website
Books (I am not an Amazon affiliate)
Extreme Ownership by Jocko Willink and Leif Babin
E-Myth Revisited by Michael Gerber
Discipline Equals Freedom by Jocko Willink
Ego Is The Enemy by Ryan Holliday
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
In the fourth episode of All About Your Benjamins The Podcast I am joined by an extra-special guest, my wife, Angela Castelli. Ang and I have a candid conversation about the importance of communication within a relationship when it comes to household finances. We'll discuss why communication is the foundation to successfully managing finances, the topics to discuss, and some non-best practices to avoid. We'll also share some of the approaches we take toward managing our household finances to serve as a template for those looking to improve their level of communication.
Finally, it wouldn't be an All About Your Benjamins The Podcast episode without a little conversation about fitness, so we'll discuss Ang's favorite CrossFit workout.
Grab your spouse, partner, or significant other and join us in an important conversation for all couples.
It was a lot of fun having Ang on the podcast, and I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 004
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
In the third episode of All About Your Benjamins The Podcast I am joined by Kyle Moore, CFP® of Quarry Hill Advisors to discuss the impact of the most recent tax bill, especially the impact on young professionals and Millennials--don't worry, we keet politics out. We also discuss his path to starting his own Registered Investment Advisory firm, his stint as a professional golfer and of course, his strength training program. It was great to catch up with Kyle, and hopefully, we can do another episode later this year when we meet up at the XY Planning Network annual conference.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 003
Links:
Twitter: @kylesmoore
Quarry Hill Advisors
Starting Strength
Starting Strength by Mark Rippetoe
The Barbell Prescription: Strength Training For Life After 40
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Welcome back to the second episode if the All About Your Benjamins The Podcast; in this episode, I have a chance to talk with my friend @FerventFinance--I can call him my friend because I have actually met him in person. We cover everything from how he became interested in finance to the F.I.R.E. movement to some weightlifting. I had a lot of fun chatting with FF, and I'm looking forward to having him back on talk about his progress with F.I.R.E. and more fitness.
I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 002
Links:
Twitter: @ferventfinance
Fervent Finance Blog
Mr. Money Mustache Blog
Jonnie Candito YouTube Channel
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Welcome to the first official episode of All About Your Benjamins The Podcast. I'm excited to finally have gotten the podcast off the ground, and can't wait to talk a little cryptocurrency and Blockchain with you today. This podcast is for those new to the subject and want to learn a little more about what everyone else is talking about.
In this podcast, we'll cover the very basics of cryptocurrency, Blockchain and the lessons I've learned through my own personal experiment in this space.
It should go without saying, but this podcast is not a recommendation to invest in any cryptocurrency or an endorsement of any company or cryptocurrency discussed. The intent is purely educational, and you should consult your financial advisor to determine how and if any cryptocurrency fits your personal financial plan.
iTunes: All About Your Benjamins The Podcast Ep. 001
Links:
All About Your Benjamins: Welcome To My Blockchain Rabbit Hole...
All About Your Benjamins: Bitcoin and Cryptocurrency Posts
Invest Like The Best: Hash Power Series
Blockchain Revolution by Don and Alex Tapscott
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
Welcome to All About Your Benjamins The Podcast! In this episode, I wanted to introduce myself as your host and tell you about my vision for this podcast. I've managed to keep this episode short and sweet, and I have a couple of other podcasts ready to be released shortly. I hope you enjoy!
iTunes: All About Your Benjamins The Podcast Ep. 000
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.