Financial Sobriety: Recent Episodes
Financial Sobriety
After an out-of-control money addiction cost him nearly everything, Matthew Grishman hit rock bottom and was faced with a critical decision: make massive changes to how he was living his life - OR - die broke and alone.
Matthew chose change. But he also knew he could not make this change on his own. Fortunately Matthew met a man who was willing and able to help him begin a new lifelong journey of making amends with the three most challenging relationships in his life; his relationship with money, his relationship with people, and his relationship with self.
Financial Sobriety is the path and curriculum Matthew and that man, Jim Gebhardt, (now his business partner and dear friend) developed to help others become much more intentional with those same three complex and interconnected relationships: money, people, and self. This podcast takes listeners through the steps, sequence and strategies Matthew used to recover and find true wealth. It is designed to help you, the listener, do the same in a very safe, informal, conversational, and somewhat tutorial step by step way. Matthew and Jim share stories and invite guests on to the show to support the success and evolution of this life-saving journey called Financial Sobriety.
True wealth is about so much more than having a lot of money, or having a lot of stuff - it's about being 100% intentional with your three most intimate and complicated relationships in life: money, people, and self.
You can find the book, "Financial Sobriety" at www.yourfinancialsobriety.com or you can order by tapping the following link: https://www.amazon.com/Financial-Sobriety-Rebuilding-Relationship-Money/dp/171055519X.
Can blaming debt for your financial struggles actually make things worse? This episode challenges Dave Ramsey's anti-debt stance, arguing that it might be causing parents to miss key opportunities for investing in their children's futures. Instead of fostering self-loathing and avoiding accountability, your hosts, Matthew Grishman and Jim Gebhardt advocate for a mindset rooted in self-love and personal responsibility. They believe this shift in thinking could alleviate numerous societal problems and pave the way for more intentional financial decisions.Dive into the "Five to Thrive" principles, where you'll learn the critical role of effort, preparedness, and accountability. Through personal experiences, like Matthew's support of his son Lucas's unconventional career choice as a gondola operator, they'll highlight the importance of unconditional love and encouraging our children to follow their passions. There's a common belief that teaching these core values can equip our children to excel in any field they choose, all while finding true happiness and fulfillment.Finally, the parenting journey takes on a new perspective as Matthew and Jim discuss evolving from protective "cops" to supportive "coaches" and, ultimately, "consultants" as their children grow. They'll underscore the importance of letting children experience failure to build resilience, sharing personal anecdotes that illustrate this challenging yet rewarding transition. This episode also explores how sharing our own mistakes can provide a realistic view of life, fostering open communication and trust. They reflect on their path towards holistic wealth and financial sobriety, contemplating what the future holds for our endeavors. Join them on this engaging exploration of personal growth, family dynamics, and the pursuit of holistic wealth.Call to learn more about Financial Sobriety: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.comEpisode Highlight Timestamps(07:14 - 08:13) Lessons in Raising Four Children(12:21 - 13:32) Parenting and Acts of Kindness(17:19 - 18:07) Phases of Parenting(24:13 - 24:50) Parenting Transition From Cop to Coach(29:02 - 30:55) Parenting Transition(32:34 - 33:54) Consulting With Adult Sons on Life(36:19 - 37:21) Learning From Financial MistakesChapter Summaries(00:00) Debt, Investing, Accountability, and MessageFinancial philosophies impact parenting and personal responsibility, with a critique of Dave Ramsey's anti-debt message and emphasis on self-love and accountability.(03:55) Principles for Success in LifeFive to Thrive principles shape a successful life, emphasizing effort and accountability, and supporting children's happiness and hard work.(17:46) Parenting PhasesParenting involves being a cop, then a coach, as children gain independence and learn from small failures.(24:54) Parenting Consultant Phase and ResilienceParenting journey through stages, allowing failure and independence, changing advice perception, modeling behavior for trust and communication.(37:21) Teaching Children About Mistakes and SuccessSharing successes and failures with kids teaches them about growth, vulnerability, and relationships, while our summer curriculum focuses on money, people, and self.(42:53) The Whole Wealth JourneyOur financial sobriety journey has led to healthier relationships with ourselves, loved ones, and money, setting the stage for holistic wealth.
When co-host Matthew Grishman faced serious health issues, it became clear that healing needed to start from within before he could tackle anything else, be it financial or personal challenges. In this episode, we unpack the intricate connection between self-healing and overcoming life’s hurdles. Drawing from Matthew's own experiences, we explore how toxic relationships, whether with people or money, often mirror our broken relationship with ourselves. We'll share practical tips on how to move forward by focusing on the well-being of others. Patience, grace, and time are critical elements of this journey, and we offer actionable advice to help you get unstuck and grow.We also dive into the therapeutic benefits of journaling, a simple yet powerful tool to manage anxiety and achieve mental clarity. Inspired by mentors like Tim Adams and Dr. Joan Rosenberg, we discuss how allowing emotions to surface and transferring them to paper can significantly improve your emotional well-being and sleep quality. For parents, we offer valuable insights on making the most of the summer with your children while instilling the principles of financial sobriety. Whether your kids are young or fully grown, maintaining a growth mindset and engaging meaningfully with them can make this season a time of tremendous growth and connection for the entire family.Call to learn more: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.com(00:00) The Power of Self-Healing and SupportRelationship with oneself is key to healing financial and personal challenges, with a focus on growth mindset and helping others.(06:30) Journaling for Mental HealthHolding space, deeply listening, and journaling can alleviate anxiety and improve sleep, as advised by mentors Tim Adams and Dr. Joan Rosenberg.(10:14) Parenting Tips for Summer SuccessGraduation season is a time to reflect and engage with our children, maintain a growth mindset, and discuss financial sobriety.
Join us, your hosts, Matthew Grishman and Jim Gebhardt, for an insightful journey through the various facets of life's milestones and personal growth in this episode. Reflecting on the graduation season, we explore the idea that graduation is not just an end but a midpoint in life's journey, emphasizing the importance of taking time to reflect on accomplishments and future directions.We then shift our focus to the financial side of things, where Jim recounts an interesting lunch with fellow advisors. This discussion highlights our evolving mindset from competition to collaboration, striving to be the best versions of ourselves. By measuring success through self-improvement and overcoming a fixed mindset, we share practical steps and personal anecdotes to illustrate the broader theme of gradual, consistent growth. We emphasize the significance of small actions and the importance of fostering a growth mindset to better serve our community.Finally, we close with a realization of the truest sense of graduation in a personal revelation.Call to learn more about Financial Sobriety: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.comChapter Summaries(00:00) Reflections on Graduation SeasonGratitude, family time, graduation season, reflection on accomplishments and future directions.(10:45) Evolving Beyond Competition and ComparisonCollaborative mindset shift from competition to growth, measuring success by past selves, overcoming fixed mindset, gradual self-improvement.(19:04) Progress Over PerfectionNature's "awareness principle" and using tools like the "say no more" list to reduce unhealthy habits and embrace imperfections.(28:23) The Power of PerspectiveTransformative power of growth mindset, personal health crisis, self-sufficiency, financial sobriety journey, patience, and personal development.
Unlock the secrets to financial stability and emotional fulfillment in this latest episode, where your hosts Jim Gebhardt and Matthew Grishman promise to provide you with actionable insights to master your finances and enrich your life experiences. We start on a high note, celebrating personal victories such as finally perfecting that elusive golf swing with a little help from friends. There's also an uplifting story about Jim's daughter's adventurous cross-country road trip as she embarks on her graduate school journey, bringing a mix of excitement and anticipation into the discussion.Transitioning to financial planning, get introduced to the innovative "money barrels" framework. Discover how segmenting your retirement funds into different timeframes—now, soon, later, and never—can optimize your portfolio and enhance your financial security. The guys delve into the nitty-gritty details of managing cash flow and assets, emphasizing how the "now" and "never" barrels can contribute to peace of mind and long-term stability, especially for those nearing retirement.Lastly, see how your hosts tackle the ever-important topic of risk management within investment portfolios. Using cutting-edge tools like Nitrogen software, they'll help you understand your risk tolerance and make informed decisions about your investments. Our goal is to guide you to protecting the wealth you've worked so hard to build.Call to learn more about Financial Sobriety: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.comHIGHLIGHT TIMESTAMPS(03:28 - 04:21) Investment Strategy Recap and Implementation(07:36 - 08:36) Unlocking Awareness Around Portfolio Design(16:59 - 18:09) Wealth Preservation and Family Planning(22:09 - 24:16) Wealth Planning and Financial Security(33:04 - 34:15) Long-Term Barrel Investment Strategy(36:58 - 38:59) Financial Planning and the 4% Rule(45:59 - 47:20) Risk Management With Emotional Measurement(49:29 - 51:03) Managing Risk Through Financial AllocationCHAPTER TIMESTAMPS(00:00) Focus on Gratitude and Excitement(03:28) Money Barrels Framework for Investments(11:36) Financial Planning and Wealth Management(20:29) Financial Planning(33:44) Constructing the Future Financial Portfolio(45:14) Understanding and Managing Investment Risk(50:40) Building Wealth With Financial SobrietySHORT CHAPTER SUMMARIES(00:00) Focus on Gratitude and ExcitementGratitude for sports achievements, excitement for family member's return and cross-country road trip adventures at national parks.(03:28) Money Barrels Framework for InvestmentsRetirement funds can be optimized by segmenting investments into different "money barrels" based on timeframe.(11:36) Financial Planning and Wealth ManagementManaging cash flow and assets for financial stability, including liquid reserves and preserving certain assets for long-term security.(20:29) Financial PlanningMaximize financial resources throughout life, use money intentionally for experiences and loved ones, identify needs for security and fulfillment.(33:44) Constructing the Future Financial PortfolioNature's "barrels" of investment, risk tolerance, time frames, and retirement planning with the 4% rule.(45:14) Understanding and Managing Investment RiskNitrogen's software helps clients understand risk tolerance and adjust 401k allocation, considering market conditions and buffered ETFs.(50:40) Building Wealth With Financial SobrietyApproach wealth management from a position of strength, be aware of risks, protect your financial future.
Ever wondered how a simple gesture like remembering someone's name can transform a relationship? Join your hosts, Matthew Grishman and Jim Gebhardt as they chat with David Woods Bartley, who shares how name recall can have a profound impact on human connections. Through heartwarming stories, David illustrates the mutual uplift that comes from acts as simple as remembering a pet's name or holding a door open, emphasizing the deep benefits of empathy and thoughtful engagement.Davis also takes you inside a psychiatric health facility, where the kindness and humanity of medical professionals and loved ones are put on full display. He shares his journey through the facility, highlighting the life-saving power of support networks and how financial stability plays a crucial role in empowering us to serve others better. His personal anecdotes and analogies, like the importance of slowing down to make meaningful connections, provide a fresh perspective on mental health recovery and the role patience and empathy play in it.Finally, the conversation touches on the mental health crisis and the necessity of self-care, spotlighting the bravery of public figures like Simone Biles and Michael Phelps who prioritize their mental well-being. By setting daily intentions to connect with others, David shows how we can break the isolation that sadness often brings. From handwritten notes to simple texts, we explore the small acts of kindness that foster hope, purpose, and community, setting the stage for future discussions on the intersection of mental health and financial decisions that can be impacted by it. To connect with David Woods Bartley:Ph: 916-247-6389email: david@davidwoodsbartley.comWebsite: www.davidwoodsbartley.comCall to learn more about Financial Sobriety: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.com
This is an encore episode from David Woods Bartley on his personal journey in dealing with depression, attempted suicide and mental health issues. With May being Mental Health Awareness month, it seemed appropriate for your hosts, Matthew Grishman and Jim Gebhardt to pull one of the great episodes from the archives on mental health as it continues to get significant interest.You'll hear poignant personal stories into the crucial role mental health plays across various age groups. They'll touch on the troubling rise in teen depression and anxiety, and discuss the loneliness epidemic that transcends age, exacerbated by our digital lives. This conversation is a tribute to the progress we've made in openly discussing mental health and a reminder of the power of dialogue, as demonstrated by the inspiring journey of our guest, mental health advocate David Woods Bartley.David joins us to shed light on the intricate web connecting our financial, interpersonal, and self-relationships. Our narratives reveal the pressing issue of suicide within the military and the transformative potential of empathy and connection. This dialogue is a celebration of the profound impact that being present for others can have, both for their survival and our own well-being.Call to learn more: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.com
In this episode, Matthew & Jim attempt to unlock the secrets of savvy investing with a deeper-dive into the heart of a company's financial health. They'll work to make sense of the overwhelming digital information landscape, guiding you through the process of vetting a company's leadership, culture, and values with the latest AI and online tools. This episode isn't just about numbers; it's about aligning your investments with your principles, prioritizing the human element in business for a more impactful and conscientious portfolio. You'll emerge with a sharper eye for the essentials—revenue growth, debt management, and profitability—in an era where financial data is more accessible than ever.Strategic stock selection takes center stage as the guys share personal narratives and expert insights on navigating the market's ups and downs. The discussion goes beyond basic investment advice, tapping into the psychology of investor behaviors and debunking 'Gebhardt's law.' You'll learn why diversification is more than a buzzword, as evidenced by a tale of teaching the next generation about investing through familiar brands. Whether you're a seasoned investor or just starting out, this episode equips you with the knowledge to make informed decisions, sidestep common pitfalls, and confidently manage your portfolio through volatile times.In the complex dance of buying low and selling high, discipline is your most reliable partner. There's an art to letting go of stocks, revealing key signals for when it's time to sell and the importance of a rules-based strategy to eliminate emotional bias. And there's more in the discussion on buffered ETFs demystifying their structure and potential in your investment mix, offering an analytical look at their performance through recent market swings. From missed opportunities to strategic victories, hear candid experiences that illustrate the nuances of these investment vehicles, helping you craft a strategy grounded in firsthand knowledge and astute market observation.
Matthew enjoys a little baseball nostalgia this episode as the discussion of stocks gets underway. This episode, your hosts begin to unpack the complexities of the stock market from a variety of different perspectives starting with the types of players in the market and closing the episode with a better understanding of just what a stock is and how to begin to lear a little bit more about that stock before you actually take ownership.You're going to get a little deeper into the investment playbook as the guys analyze the various players in the stock market game, from high-stakes gamblers to the meticulous professional investors and portfolio jugglers. With personal stories, sprinkled with the lessons of industry titans like Warren Buffett, this episode is an education in cultivating the right mindset for managing investments. Capturing the comprehension of the ways stocks can be bought and bundled, learn the evolution of retirement investment options, the consequent rise of mutual funds and a description of and value created by ETFs. (Electronic Funds Transfer. ) Discussing the challenges and innovations in retirement planning, this episode demystifies the selection process for your investment portfolio with personal anecdotes and a spotlight on financial literacy. Closing out the discussion with a critical eye on the business and analyzing how a profit-over-people mentality, exemplified by owners like baseball's John Fisher of the Athletics, can strike out with customers often resulting in a losing business proposition.Call to learn more: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.com
Unlock the secrets of financial mastery and legacy building that have stood the test of time as your hosts, Matthew and Jim, explore the intricate dance of control within our economic lives. Embark on a journey through personal anecdotes and historical insights that reveal how to navigate the realms both within and beyond our grasp—from the rise and fall of dynasties to the daily temptations of impulsive purchases. They'll discuss how adjusting investment risks, understanding tax implications, and timing financial moves can shape our fiscal destiny, with an engaging look back at the contrasting fates of the Vanderbilts and the Rothschilds.This episode also displays the transformative 10-10-10 principle that keeps wallets in check. Whether wrestling the allure of shiny new gadgets or a luxurious set of golf clubs, you'll learn how to triumph over instant gratification. This candid conversation about financial discipline serves as a reminder of the power in pausing to ponder the lasting impact of our spending choices, ensuring our money aligns with our life's true priorities.Finally, the guys traverse the landscape of wealth and legacy planning, spotlighting the critical issue of 'longevity risk' and the need for financial strategies robust enough to support a life well-lived. Digging into the wisdom of the world's most affluent families, a dissection of the Rothschild's enduring methods for wealth preservation and the importance of instilling values for stewardship across generations is discussed and compared to the Vanderbilt's very different formula. Reflection on the necessity of discretion and private family matters, seals our exploration with a discussion on the profound significance of preparing heirs to not just inherit wealth, but to wield it with purpose and responsibility.Call to learn more: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.com
Could shifting interest rates be the key to unlocking your portfolio's potential? Your hosts, Jim Gebhardt and Matthew Grishman explore the complex recipes of bond investments, analyzing how a changing rate environment might just be ingredients for an incredible outcome. With a focus on taxable bonds, treasuries, and the call of municipal bonds, they discuss investment possibilities, from the safe harbors of treasuries to the more adventurous high-yield corporate bonds. To be certain, underscored is the value of personalized financial guidance to chart a course through these opportunities, especially with the looming prospect of Federal Reserve rate cuts.As the Federal Reserve maneuvers from bond-buying to selling, learn of the ripples affecting bond prices and the global shift in US Treasuries' standing. Together with expert input, they uncover the inverse relationship between bond prices and interest rates, and delve into the concept of total return, where income and price appreciation are two sides of the same coin. Finally, the conversation turns to a favorite topic with the tax-exempt allure of municipal bonds. As your hosts differentiate between taxable and tax-exempt bonds, they'll illustrate how municipal bonds can offer a tax haven, depending on where best suited for you. As with any complex investment, you are encouraged to seek the expertise of financial advisors to capture the opportunities in these times of maximum uncertainty. Call to learn more: 877-283-9150 or email:Jim@yourfinanciasobriety.comMatthew@yourfinancialsobrieyt.comOr visit the website at www.yourfiinancialsobriety.com
Join your hosts, Jim Gebhardt and Matthew Grishman as they explore the resurgence of bonds as an investment option with a semblance of stability and fixed returns. This episode illuminates the allure of bonds in an era where traditional real estate investments encounter the challenges of the former zero-interest rate environment. The guys unpack the quest for value that transcends monetary gains, and sets the tone for rediscovering the enduring appeal of bonds. As the conversation dissects the pulse of the real estate market, you'll gain an understanding of how managing property portfolios amidst an ever-shifting economic landscape may give way to consideration of selling in a presumed lower tax situation.With the money market well covered in the conversation, it tees up the logical next step and that is to scrutinize the bond market's ebbs and flows and why the bond market may be a good option for repositioning assets. There is a psychology behind investment trends and the art of timing one's exit from money markets before diminishing returns set in, is often done too late.For more information about Financial Sobriety, or to purchase the book, visit www.yourfinancialsobriety.comTo reach Matthew email: matthew@yourfinancialsobriety.comTo reach Jim email: jim@yourfinancialsobriety.comTo call: 877-283-9151
The small things in life hold immense joy. Join your hosts, Matthew Grishman and Jim Gebhardt as they cover steps 2 & 3 in preparation for stress reduction in 2024. You'll find selective consumption has the ability to weigh heavily or lessen the burden on our mental space.Through stories and thoughtful discussion, learn how nurturing confidence can actually fuel our ability to give back more generously, improve our communities and ease that anxiety world news and information can create.By examining the power of narrowing our focus could it lead to helping enrich our perspective? Which, by the way, is step 3 in the stress relief journey. By 'shrinking our universe,' we prioritize meaningful connections and activities that truly resonate with us, fostering a healthier, more purpose-driven existence. From there, a more reflective discussion continues as the narrative shifts to perspective and in incredible story of history through the early 1900's to the late 1980's. Only through history, can we measure progress and only through history can we gain perspective on today. This puts a bow on the three steps to minimizing stress and anxiety that could cause you to make poor financial decisions in the year and years ahead.For more information about Financial Sobriety, or to purchase the book, visit www.yourfinancialsobriety.com
Ever found yourself battling the morning blues and desperately searching for a silver lining? Your hosts, Jim Gebhardt and Matthew Grishman start with an uplifting reminder that gratitude isn't just an emotion, but a practice that can pivot your entire day from dismal to delightful. As the guys peel back the layers of this transformative mindset, you'll discover that even the peskiest tech glitches and tight schedules can lead to positivity and even unexpected growth.As you've heard on previous episodes, tracking milestones might just be the secret sauce to celebrating life's little victories... and BIG ones. We're not just talking numbers here, but the profound sense of achievement that comes from acknowledging our progress. Whether it's a fitness milestone or a newfound discipline in financial planning, you'll hear the beauty of progress tracking. By removing judgment and embracing each step as valuable data, we're equipped to make choices that steer our lives forward. From lifting heavier weights to nurturing professional growth, the conversation aims to inspire you to embrace your own journey of self-improvement with the power of personal accountability.As the guys navigate the unpredictable currents of financial stress and economic uncertainty, they'll also explore the broader impact on the American psyche and how leadership through example can inspire profound change within our communities. Actions speak louder than words, a lesson that resonates through personal health to societal influence. Amp up your motivation to lead a purpose-driven life that ignites change, as they share stories that celebrate the joy of contributing to something greater than ourselves. When we lead by example, the change we seek becomes a reality.For more information about Financial Sobriety, or to purchase the book, visit www.yourfinancialsobriety.com
Ever find yourself awash with the New Year fervor, scribbling resolutions you swear you'll stick to? That's where your hosts, Jim Gebhardt and Matthew Grishman found themselves —eager to translate the energy of January into lasting momentum. This episode is a meeting of minds over the essence of starting strong. They'll share thier own health triumphs, Matthew's cardiac rehab and Jim's muscle mastery, and how these personal feats are woven into the grander plans of focus and growth. Hear the impact of mentors who light the path along the way, much like the ones who guided Jim during his fledgling days at Merrill Lynch.Disnmiss the myth of perfection and champion the small wins, like a consistent gym routine, which can be just as rewarding as the major milestones. It's all about what you feed your focus, and how it can blossom or blight your well-being. The guys riff on the parallels between a balanced life and a strong mind-body connection, leaning into Jim Rohn's wisdom that to achieve more, you need to become more. It's a chapter for those looking to edge closer to their goals with every small yet significant step, without losing sight of the importance of self-care and balance.For those successful business owner, successful entrepreneurs looking to get more from their money than just more money, the time away from the studio lent itself to better serving the needs of those clients and future clients of Gebhardt Group. The purpose of the program going forward will be stories and include guests who address this mission. For more information about Financial Sobriety visit www.yourfinancialsobriety.com
The dance between health, wealth, and personal connections often leads us through unexpected rhythms. As your hosts, Matthew Grishman and Jim Gebhardt settle back into the studio, you'll learn where they've been and how they've emerged to return. The conversation is extremely personal as Matthew recounts his chilling health scare during yoga class. This episode rides waves of self-discovery and gratitude as we learn more of the cause of Matthew's absence while he shares his journey after an encounter with mortality that led to the diagnosis of aortic valve regurgitation and the subsequent surgery and recovery. He shares his relationship with pain, death, and growth, unearthing a resilient gratitude for life. As we unpack these revelations, they'll encourage a deeper dive into the well of emotional and financial mindfulness.Finally, the guys touch on the delicate scales weighing health against wealth—a balance as old as time yet still a prevailing tale in our modern lives. There's a search for meaning in the darkest corners of post-surgery recovery, and the indomitable strength found in faith and community. Through open dialogue, there's hope and a testament to the power of positive thought and collective healing and a wonderful lead in to a new year with a very new and different perspective. For more information on Financial Sobriety, visit www.yourfinancialsobriety.comIf you're experiencing depression or thoughts of self-harm, call 988 and seek profession medical care.
Your hosts Jim and Matthew share a little holiday gratitude this episode before taking you back to where it all began with Matthew's story that got the whole ball rolling for Financial Sobriety. Always a great reminder to take a little time for reflection at the end of the year to give yourself the opportunity to look ahead with clarity and intentionality. May you, your family and friends enjoy the blessings of the holiday season and here's to a happy, healthy and prosperous new year! Thanks for giving us a little time of your day every other week. We appreciate you. For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
Spending a little crazed around the holidays? Worried about self-control and how to reign in the wallet? This encore episode was long enough ago you may have forgotten the 10-10-10 rule of self-discipline on the spend. Matthew describes how he's found a method to minimize compulsive purchases that should work just as well for anyone and the bonus on the episode, is that it's timely in helping look at the new year to build a foundation for familial wealth built in a healthy way. Nice way to start the holiday season and begin thinking about the year ahead as well!Why not a gift of Financial Sobriety? You can find the book and more at www.yourfinancialsobriety.com
It's the beginning of the holiday season, the season of giving and what better way to demonstrate financial sobriety than to share a story of need and success as it relates to some of our most misunderstood families and children... those in the Foster Care System. Today, Jim and Matthew speak with Heidi White, Educator and Church Relations Director for The Alliance: defending the causes of kids and families. You'll hear the true stories of what happens to children in the Foster Care System once emancipated and the challenges they face against great odds. It's not an uplifting outcome, unless or until we make it so. But there is hope. There are many opportunities for support and it's not all just financial. You'll most certainly agree after hearing this episode. With timing "in the season" of giving it's our hope you're moved to do something for someone in need as we exemplify our gratitude for others around us this thanksgiving holiday. For more information about The Alliance visit www.defendingthecause.org. To reach Heidi directly, email her at heidi@defendingthecause.org.To learn more about Financial Sobriety visit www.yourfinancialsobriety.com
As the year draws to a close, it's time to get very intentional about your spending. Hear your hosts Jim and Matthew break down the value of the Clarity Compass and how it can help you sift through the fluff to identify what truly matters to you and your family. They'll share their own experiences of thrifty holiday seasons that focused more on connection than consumption. Get ready to challenge the "way you've always done it" and learn to do something differently, something better for your finances this holiday season.For more information about Financial Sobriety visit www.yourfinancialsobriety.com
Did you know that as a married couple who've both worked, you could be sitting on a lifetime benefit of over $2 million from Social Security? It's not common knowledge, but this retirement asset can even generate a guaranteed 8% return from the Social Security Administration which your hosts, Jim and Beth Gebhardt, examine in detail. This could be the world's largest annuity. Understanding the Cost of Living Adjustment (COLA), and how it impacts your Social Security benefits, is vital for your retirement strategy. The conversation swings into married and single options plus how today's software can help project not only but asset value in time to prepare for succession. DO NOT rush into Social Security, there's a lot to gain from waiting. If you're a single retiree, or divorced and pondering remarriage before the age of 60, we've got some crucial information that could affect your benefits.For all the teachers in California and those who have worked in government jobs, you'll learn how the process affect you when it comes time to retire. Government pension offsets could have serious implications on your survivor benefits and you'll get an enlightening on them. It's not all doom and gloom, though. By considering your life expectancy, health factors, and financial needs, you can still make the right decisions about when to take Social Security. For more information visit www.yourfinancialsobriety.comContact Jim Gebhardt at work: jim@gebhardtgroupinc.comFor Social Security reach out to www.ssa.gov
Your host Jim Gebhardt is joined by none other than his wife and Medicare expert for the firm where you'll get some guidance and direction to answer the top three questions people ask about Medicare: how does it work, how much does it cost, and what are the choices.Finding your footing in the complex world of Medicare is challenging. This episode will simplify this intricate healthcare structure, untangling the web of plans and solicitations so you can make informed decisions that align with your unique needs. Navigate the maze of Medicare with confidence once you know the key elements like Part A, Part B, and the tax implications depending on your employment status. Learn how your income can influence Medicare costs. Understanding Medicare Part D, Supplement Plans, and the crucial aspects of Medicare enrollment and timing are all discussed including formularies, copays, and the importance of the annual enrollment period. For more information on Medicare visit the website: www.medicare.govYou can find more information about Financial Sobriety as well as other resources and tools to help you in retirement support by visiting www.yourfinancialsobriety.com
As you're aware, this is part II of the episode, "Regaining Your Financial Confidence" and it is the detail to the theory. Your hosts, Matthew and Jim get very specific and detailed about what you can do to not only salvage a weak retirement strategy to date, but actually build it to thrive with just a little discipline. The more time you have, the more likely you can not only reach but exceed your expectations. If you're looking for motivation, support and the next steps, this is the episode you'll want to pay close attention to. For more information on the steps discussed in this episode, visit www.yourfinancialsobriety.com
Your hosts, Jim Gebhardt and Matthew Grishman take you back a bit to help you move forward. We've all marveled at the intricate dance of financial decisions and human emotions. How this twisted tango impacts our self-worth, relationships, and ultimately, our sense of freedom is addressed in some of the refresher steps necessary to continue to build on those principals.Thoughtful exploration takes us through the movement of investing in oneself - an invaluable pundit of self-growth, and the importance of second opinions before making emotionally charged decisions. Tools such as the Concentric Circles exercise prove to be game-changers, creating emotionally safe platforms for introspection and discussion. You'll also hear how services like BetterHelp act as catalysts, bridging gaps between individuals and professional therapists in their locale.The journey doesn't stop there - they'll delve into strategies for effective decision making, managing expenses, and future savings. The '10-10-10' strategy and the Clarity Compass worksheet are outstanding steps in guiding you to align your financial resources with your core values, and to manage impulse spending. Underscoring the importance of categorizing expenses and building a collective 'us bucket' for shared experiences is a novel thought. We wrap up with the importance of financial freedom and how the concept of the 'pain of discipline' versus the 'pain of regret' can be used to make wiser financial decisions. To find the worksheets talked about in the program, visit www.yourfinancialsobriety.com
Have you ever caught yourself wondering why society keeps urging you to upgrade your lifestyle, even when it's draining your bank account? It's a dilemma your hosts, Matthew Grishman and Jim Gebhardt, felt compelled to discuss as it can start as simply as getting the kids ready for back to school. It’s a blend of anxiety and gratitude and... credit card spending. The amount of credit card debt is astounding as you'll hear in the episode. The changing dynamics of consumer behavior in the era of online shopping, as well as, the surprising resilience of physical malls, are part of the ease into more debt. And that's not to mention our thoughts on the growing dependence on services like DoorDash and Uber Eats. And all on credit cards.This all leads into your preparation for retirement as debt will destroy the best laid plans. Will traditional retirement become a luxury? For many, sadly, yes. However, there is hope and a solution you'll hear on the value of financial sacrifice and discipline. What a fitting episode to take us from the summer back into the reality of the last few months of the year.For more information and to order the book "Financial Sobriety" visit www.yourfinancialsobriety.com
Hard to believe another summer is behind us and the fourth quarter of the year is just around the corner. Your hosts, Jim Gebhardt and Matthew Grishman, reflect on the second summer presenting the "Teach Your Children" series and the significance of preparing your children for their relationship with money, self and others. From that vantage point, they take a slight look ahead to set the tone for the remainder of the year and a glimpse of what to expect as you work the process of becoming financially sober.
For more information, visit www.yourfinancialsobriety.com
As our "Teach Your Children" series winds down for the summer, one of the critical "Pay thyself first" comprehensions has to be not only the "why" but the "how". In this episode, Matthew and Jim share both their own personal stories with their children as well as the direction you can take to help your children understand the value of the discipline to make an investment in themselves and do it in a proper manner. For more information on Financial Sobriety visit www.yourfinancialsobriety.com
So you're following along with your hosts Matthew Grishman and Jim Gebhardt and your children are making progress, all excited about that first job and that first paycheck, right? But what happens next is the crux of this episode. The money isn't right! Who took my money? How do you explain to your children how and why what they get paid hourly isn't what they're going to take home from their efforts at work? That's what you'll learn in today's episode.
For more information on Financial Sobriety or to order the book, visit www.yourfinancialsobriety.com.
We're getting toward the end of summer and your hosts Matthew Grishman and Jim Gebhardt have been holding class on teaching your children about many of the attributes of building wealth and money as they relate to somebody just getting started in their earning career. Now comes the moment of truth when an income stream is recognized. Wealth building is a marathon, not a sprint but only if one is diligent in doing so. Today's episode get's one started on the process of being certain that the right person is getting paid first. YOU! (Or your child in this case.) 401K's and savings mechanisms are discussed as they relate to long term wealth accumulation and ultimately, a successful retirement. For more information on how to better teach your children the basics of money, visit www.yourfinancialsobriety.com
If you're thinking it seems like you just heard an episode last week, you're correct. This whole teach your children concept provides so much value, the intent is to get as much of it completed while the kids are out of school and still at home. In this episode, your hosts, Matthew Grishman and Jim Gebhardt dig just a little deeper into the education of our children on what's important to them. Getting clarity through the "Clarity Compass" applied to your children can really open up their eyes to the concept of money. Similar to the earlier chapter in the book or episode on the podcast, the difference in this episode is the anecdotal stories and the specific application for the kids. And yes, there is a homework assignment. What would you expect from an episode that starts out with "Class is in session???"
For more information about Financial Sobriety, visit the website www.yourfinancialsobriety.com
When the original episode was recorded, the "Child Tax Credits" were being distributed without the apparently requisite instruction manual on how to make the most of the money being received. That conversation made for an evergreen discussion on financial literacy for children and teens and even college students as they all need it desperately. This is a conversation that should be had even more than as en "encore" but frequently in communities, in schools, at home. Often. If you've missed this episode the first time around, or even the second, be sure to get yourself caught up. We all need to push for financial literacy for our children wherever or however it's going to happen.
Summertime has become the opportunity to brush up, refresh, reset and, well, relaunch the most popular "series" of episodes of Financial Sobriety, The "Teach Your Children" series on helping parents help their children learn about money and how it's so much more than just a buck to burn. By far, the most shared and played episodes in the library, they warrant the re-acquaintance. They're becoming classic, Matthew and Jim in providing you valuable information to support your efforts to help your children become more intentional with their money. (Once they learn what that really means, of course!)
Continuing the theme of teaching your children financial literacy, this episode digs into respecting the value of money from an early age with some tutorial elements to help you with your children in the process of learning about the value of a dollar. The concepts may be simple in theory but the actual practice is invaluable.
For more information on Financial Sobriety or to reach Matthew Grishman, visit www.yourfinancialsobriety.com
Yes, you may have heard this very first and extremely popular summer edition of the Teach Your Children series before. As a matter of fact, these are some of the most popular episodes in the library. And for good reason. Isn't parenting one of the greatest responsibilities we could take on? And helping parents along is this first in the TYC series, The Three C's. The twist this season is the fresh new content to lead you into the series as Jim and Matthew have a discussion of where they currently are with their, now mostly grown children and it's testimony to what has been put into raising them. Both the good and the not so good. If you've heard the series before and still have children you're raising, repetition can't hurt and if you're already familiar and don't feel the need to repeat the episode, simply listen for the fresh content and enjoy.
For more information about Financial Sobriety visit www.yourfinancialsobriety.com
It's that time of year when summer means vacations and holidays and time away from... learning? Maybe not. While the kids may be out of school, what a great opportunity to share and teach the value of learning. And not just any learning but the education of learning about the value of the three C's. The value of money, the value of struggle and so much more. Join you hosts Jim Gebhardt and Matthew Grishman as they share their enthusiasm for getting the "Teach Your Children" series launched for it's third season.
For more information about Financial Sobriety visit: www.yourfinancialsobriety.com
Part two of a riveting discussion with David Woods Bartley takes us to the conversation of his darkness with depression and what led to his standing on the ledge of the Foresthill bridge about to release his grip on the cool steel post that was all that separated him from life and death. It's the story of human connection and hope that reveal the reason to live and the subsequent life that has been built around helping others to recognize and find hope for their survival. Both Jim and Matthew also share stories of simple actions that could change a day in the life of someone who is suffering from depression as well as giving you a feeling of connection as well. This episode celebrates Mental Health Awareness Month and should be shared with anyone you feel may benefit from it. David was also kind enough to share his personal phone number as part of his effort to serve and support those in need. If you or anyone you know is suffering from depression, please support them and seek professional help or call 9-8-8.For more information about David Woods Bartley, he can be reached at 916-247-6389 or on line at David@Davidwoodsbartley.com. The website is www.davidwoodsbartley.comFor more information about Financial Sobriety visit www.yourfinancialsobriety.com
May is Mental Health Awareness month and with so many things to be concerned about from the economy, global crisis with the environment and war, to Covid and our very own personal situations with whatever else it is we're all dealing with, it seemed a fitting time to address how good mental health is actually a solid path to Financial Sobriety. Today's guest, David Woods Bartley was talked off the edge of a bridge after years of mental health struggles. His story is a well told compilation of events that will take you from the root of his developments toward mental hellness to anecdotal applications to mental wellness. This is part one of a two part series that will hopefully resonate with many on the way to making an impact on anyone who struggles with depression and thoughts of suicide. If you or anyone you know has ever considered harming themselves, please reach out to someone and seek professional help or call 9-8-8.For more information about David Woods Bartley, he can be reached at 916-247-6389 or on line at David@Davidwoodsbartley.com. The website is www.davidwoodsbartley.comFor more information about Financial Sobriety visit www.yourfinancialsobriety.com
Well, it's been a while since a new episode has dropped and there's good reason for that as well. In today's discussion, you'll get a little clarity on what Jim Gebhardt and Matthew Grishman have been up to as well as when you can expect your favorite program on personal financial well-being to resume in earnest. For more information about Financial Sobriety, please visit: www.yourfinancialsobriety.com
It's no secret that losing money causes trauma. The Silicon Valley Bank failure surely did some damage to many investors portfolios and likely left a significant mark on the psyche, ego and confidence of many. So what was it that happened? What is a run on the bank? How could something like this have happened in todays rapid communications world? Even more so, how could it have happened so quickly? Matthew and Jim give a layman's explanation of the collapse and take the outcome of SVB and other bank's failures back to the personal level and how that scenario may impact or affect many of us as a potentially traumatic event. Are there ways to address it? You'll be surprised at some of the solutions and suggestions. For more information about Financial Sobriety visit www.yourfinanacialsobriety.com
In the last episode the stage was set for dealing with the effects of the Covid Hangover. In this episode, Dr. Joyce Mikal-Flynn walks us through the power of her program, Metahab, to learn how to heal from the effects of Covid. This is a practical discussion that addresses how we ourselves can learn to heal from trauma and even takes a look back to us as children and how we were "taught" to learn ourselves. Looking ahead, there's even a conversation about today's child rearing and how one might best consider certain circumstances for a better outcome in helping today's children deal with adversity and trauma. For more information on Dr. Joyce Mikal-Flynn's program, visit www.metahab.comFor more information on Financial Sobriety and to find the link to her event taking place at Sacramento State University, you can visit www.yourfinancialsobriety.com
Let's face it. Even though the market had a good year in 2022, 2023 has been no picnic. Part of the issue, at least in the opinion of your hosts, Matthew Grishman and Jim Gebhardt, we're now experiencing the Covid hangover. Experiencing trauma is one thing, working through it is another and few would argue, the entire Covid era wreaked havoc on everything. Just because we had a good year for the stock market doesn't mean we're all good. Possibly even the opposite, we're not good at all. (Remember our episodes on masking up and wearing the armor to face the day...) So Dr. Joyce Mikal-Flynn has been invited back to help address the process of getting from traumatic to Post Traumatic Growth in the face of the Covid hangover. You'll recall her program from Episodes 68 and 69 where she introduced Metahabilitation, or Metahab, to the Financial Sobriety tribe. In this episode, you'll hear the discussion of the hangover's effects on us as well as a ramp up to ways to minimize the long haul challenges this could produce on our thought process and ultimately, our actions. For more information on Dr. Joyce Mikal-Flynn, visit www. metahab.comTo learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
Ready for 2023? Want to get yourself started in the right direction? Then you've come to the right place. Your hosts, Matthew Grishman and Jim Gebhardt, complete the prior episode's discussion on bias but take it to a practical application to address its influence on risk. And risk at the wrong time could be devastating. Learn how best to be aware of how bias enters into your risk approach and let that awareness help you better decide on ways to be more intentional with your money. AND... don't forget you can now get your own risk assessment when you visit the website and click on the "DOES MY PORTFOLIO FIT ME?" label.You can find out more information and gather resources by visiting the website, www.yourfinancialsobriety.com.
You're not biased on how you spend your money are you? Yes. You most certainly are and in the next two episodes you're going to get a very specific and detailed outline of exactly what those biases look like and how they affect what you buy, what you invest in and how you look at what you do with your money. This is an oh so enlightening next two episodes you may even want to take some notes be certain to share with family and friends. Yeah, you're biased. You'll understand and learn how to deal with those biases as your hosts, Matthew Grishman and Jim Gebhardt walk you through then help you address, the biases in your financial well being. For more information about Financial Sobriety, please visit www.yourfinancialsobriety.com
Welcome to 2023! While Jim and Matthew are hard at work building out the new year of episodes and content for the program, we thought it would be fun to assemble episodes from the last three January's into one great collection of content. From the second show of Financial Sobriety to last January, if you're a subscriber, you're going to appreciate the refresher. If you're new to the program, wow, you're going to get a blast from a firehose of what the program is all about. What's even more interesting is how each year, while addressing the January financial elements we all face, stacks on top of each year and comes to the same conclusion three years later as it did in the first year of production. I hope you enjoy listening as much as we did assembling. For more information about Financial Sobriety, visit www.yourfinancialsobriety.com.
Did you miss any of the "inflation" episodes in the latter part of the year? Did you want to share with somebody that you thought might benefit but just didn't have the time to load up and share 4 episodes? Did you just lose a little bit in the translation of so much information over the 4 episodes? Guess what? This is your episode then! This is a compilation, a distillation if you will, of those episodes without all the anecdotal storytelling and just the meat of the conversations. Inflation information in a tutorial setting as only Matthew and Jim can present it. As you prep for the new year ahead, brace for continued inflation and the possibility of a recession, remember the basic tenets of Financial Sobriety and know that you can be in control if you do so. Here's to a happy, healthy and prosperous new year full of Financial Sobriety for you and your family. For more information on Financial Sobriety, to buy the book or communicate with Matthew or Jim, visit www.yourfinancialsobriety.com
As a listener to the program you've heard your hosts Jim Gebhardt and Matthew Grishman stress the virtues of slowing down to go faster, the 10-10-10 rule, say "no" more. Well now, you're going to hear turn around and look behind to help you look ahead or go back to go forward. In this episode, a 3 year 3 season and 87 episodes later review is assembled into a neat little package. Impressive, yes, but more importantly impactful. If you've missed episodes or multi-episode themes, you're going to love this conversation. And of course, it's peppered with the wit and wisdom that could only come from your hosts, Jim and Matthew. And be sure to take them up on the request to give them some direction on topics of importance to you. Serving your needs is of utmost importance. You can share your thoughts by visiting the website www.yourfinancialsobriety.com. You're appreciated for your support.
We all carry bias in our lives but did you know you have financial biases too? Probably more than you thought. As Matthew works toward earning his Certified Financial Planner certification, he was exposed to the myriad of biases people can have with regard to their finances. Some obvious, others not so much. Confirmation Bias, Endowment Bias, Self Control Bias; Hear the perspective from your hosts Jim Gebhardt and Matthew Grishman as they discuss the "why's" of a Certified Financial Planner and the influence financial bias has on so many investment, saving and spending characteristics. You'll be surprised. For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
The Thanksgiving holiday is over. Most of us celebrated with family and friends and had a day full of gratitude. But why let it end with just one big day a year? What if gratitude happened every day? Multiple times a day? What could that look like? How could that benefit everyone? How would it make you feel? Your hosts, Jim Gebhardt and Matthew Grishman explain their take on gratitude in a very simple episode with a huge takeaway. For more information about Financial Sobriety visit www.yourfinancialsobriety.com
The Clarity Compass is a great tool to understand what it is you are going to do to improve your relationship with money and consequently with yourself and others. What does that look like as we approach the holidays? How do you prevent the Visa Hangover that comes post holiday when you've violated the very principles you just assembled with the Clarity Compass tool? What better way to insulate the money than with a Financial Sobriety blanket! Jim and Matthew take you on a little journey with a happy ending that applies to all of us. For more information about Financial Sobriety, visit www.yourfinancialsobriety.com.
You've heard the descriptions of both Jeff (aka "Ace") and Theresa as they worked their way through the process of the identification of their core four values. Now hear the completion of the Clarity Compass exercise and learn what it did for them to help crystallize what's most important to them and how knowing this gives them guidance on how they'll use their money to best serve those values.You can find the Value Cards on Amazon by clicking this link:www.amazon.com/Values-Cards-John…69286412242&psc=1To get the Clarity Compass worksheets, visit www.yourfinancialsobriety.com/resources.
The Clarity Compass is a part of the foundation of Financial Sobriety and is referenced throughout many of the episodes. Without it, you have no direction. With it, you have, well, clarity! Easier for some than others, the Clarity Compass exercise is a pre-requisite to further understanding of Financial Sobriety. In this episode, you'll hear the Clarity Compass applied as the show's producer, AKA Ace, and his wife Theresa go thru the process of the Value Cards to identify what is really important to them. This first in a two part series will both explore and reveal the Clarity Compass process and it's outcome for this particular couple.You can find the Value Cards on Amazon by clicking this link: https://www.amazon.com/Values-Cards-John-Veeken/dp/0980517532/ref=asc_df_0980517532/?tag=hyprod-20&linkCode=df0&hvadid=312134205520&hvpos=&hvnetw=g&hvrand=18145752119503041119&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9061153&hvtargid=pla-569286412242&psc=1For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
In Part 1 of the Clarity Compass you went thru the exercise as it was performed with the program's producer, Ace. (aka Jeff). Now, Matthew and Jim take Jeff's wife, Theresa or "T" through the same process with what might be surprising results; In a good way. For couples and families, understanding each other and identifying those four things that are most important to you can really change the dynamics of why you do what you do with your financial resources. You'll see that in play as the Clarity Compass process continues.For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
Not unlike flying a plane, you're going to hear Matthew and Jim discuss the need to have checks and balances on your investment "flight" plan. Too often, one tends to want to manually attempt to "fly" their investment strategy over the long haul. Not unlike a flight plan, however, if you're off just a bit in the early years, you could be way, way off in the later years. A few miles off on the plane's flight path early in the trip equals hundreds of miles off course or more the longer the flight. Make sense? Enter auto-pilot or course correction. The same is true of your investment strategy. Do you have the tools to adequately plan your trip and ensure that auto-pilot is giving you the most accurate and direct route to where you want to end up? You'll get some great training today on what you can do to be sure you get to your destination with the most direct route and in the manner you anticipated.
For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
Inflation is the silent disruptor as you've already heard. But did you know you can battle back with relative ease? Exercising the pain of discipline over the pain of regret, today's episode reveals tips, tricks and tools you can use to win the battle over inflation. You can do it and you can continue to live your lifestyle... as long as you don't allow it to creep up with the advances you make with your money. Learn how in detailed steps with historical experience and practice from both your hosts, Jim and Matthew in this episode.
The articles referenced can be found in the following links: "Traits that Superfriends have in common" https://www.theatlantic.com/family/archive/2022/08/making-keeping-friends-attachment-theory-styles/671222/ "One in three families had to cancel vacation plans." "https://finance.yahoo.com/news/inflation-families-canceled-vacation-strategist-121650642.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANHo11_aZXdVZrW09Xfwm6GE6mdhkXuIeNNLmcshX4UWPyb5eMudQpo2WDcDug6JQiF1xOYDDqPuw2BJf7fenLrbwQc9t5kxCMuc-FdslUPakwahTkMomvo9RwmAOtGrExmO94-3swAbGEtIXIyYuxE8tgJaDkpWewNo0IRysKED
For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
It's the hottest topic of discussion in financial circles right now. That's right. Inflation is silently eating away at your savings, it's taking your income, it's limiting your freedom to do what you want. Join Matthew and Jim as they discuss what inflation is and how we may have gotten to this point. Somewhat tutorial, somewhat educational and always presented with an entertaining bent, this is must know information if you have any concern for the well-being of your financial future. Do not let inflation eat up everything you've been working so hard to save for. In part two of this conversation, you'll hear the reality of what the Inflation Reduction Act is meant to accomplish. You may be quite surprised.
For more information, visit www.yourfinancialsobriety.com
How, really, does the Inflation Reduction Act impact inflation? As you might have surmised, this is a very familiar governmental titling ploy to make the "Act" sound like something it may not quite really be. Or is it? Does it do what it says? Listen to what Matthew and Jim have to say about it and do what you must to keep your political persuasion out of the evaluation. This is a bi-partisan bill and it's not about which party you belong to. This episode is a tutorial on how the government can manipulate monetary policy to create or eliminate some degree of managed inflation among other things. But back to the Inflation Reduction Act. You'll hear the guys describe their perspective on what they see as we begin to implement the requirements of the bill.
For more information, visit www.yourfinancialsobriety.com
Hard to believe another summer is behind us and the fourth quarter of the year is just around the corner. Your hosts, Jim Gebhardt and Matthew Grishman, reflect on the second summer presenting the "Teach Your Children" series and the significance of preparing your children for their relationship with money, self and others. From that vantage point, they take a slight look ahead to set the tone for the remainder of the year and a glimpse of what to expect as you work the process of becoming financially sober.
For more information, visit www.yourfinancialsobriety.com
As our "Teach Your Children" series winds down for the summer, one of the critical "Pay thyself first" comprehensions has to be not only the "why" but the "how". In this episode, Matthew and Jim share both their own personal stories with their children as well as the direction you can take to help your children understand the value of the discipline to make an investment in themselves and do it in a proper manner. For more information on Financial Sobriety visit www.yourfinancialsobriety.com
So you're following along with your hosts Matthew Grishman and Jim Gebhardt and your children are making progress, all excited about that first job and that first paycheck, right? But what happens next is the crux of this episode. The money isn't right! Who took my money? How do you explain to your children how and why what they get paid hourly isn't what they're going to take home from their efforts at work? That's what you'll learn in today's episode. For more information on Financial Sobriety or to order the book, visit www.yourfinancialsobriety.com.
We're getting toward the end of summer and your hosts Matthew Grishman and Jim Gebhardt have been holding class on teaching your children about many of the attributes of building wealth and money as they relate to somebody just getting started in their earning career. Now comes the moment of truth when an income stream is recognized. Wealth building is a marathon, not a sprint but only if one is diligent in doing so. Today's episode get's one started on the process of being certain that the right person is getting paid first. YOU! (Or your child in this case.) 401K's and savings mechanisms are discussed as they relate to long term wealth accumulation and ultimately, a successful retirement. For more information on how to better teach your children the basics of money, visit www.yourfinancialsobriety.com
If you're thinking it seems like you just heard an episode last week, you're correct. This whole teach your children concept provides so much value, the intent is to get as much of it completed while the kids are out of school and still at home. In this episode, your hosts, Matthew Grishman and Jim Gebhardt dig just a little deeper into the education of our children on what's important to them. Getting clarity through the "Clarity Compass" applied to your children can really open up their eyes to the concept of money. Not terribly unlike the earlier chapter in the book or episode on the podcast, the difference in this episode is the anecdotal stories and the specific application for the kids. Any yes, there is a homework assignment. What would you expect from an episode that starts out with "Class is in session???"
For more information about Financial Sobriety, or your hosts, visit www.yourfinancialsobriety.com
What if you could count on your state school system to educate, not only your child, but every child on financial literacy? What would that look like 20 years from now as those children grew into leadership, adulthood, government? Pretty amazing I would think. You'll hear about Rhode Island's bill SB349 in today's episode and what better time to roll that right into the federal child tax credit that was passed in 2021 and now again, in a modified version of stimulus leftovers for 2022? Matthew and Jim describe what's going on in Rhode Island and then seamlessly weave that great program into some ways to understand what to do with the tax credit that will be showing up in your bank accounts if you have a qualifying household income. And yes, that will all be covered. You can always find more of any topic covered in the program by visiting the website at www.yourfinancialsobriety.com
Continuing the theme of teaching your children financial literacy, this episode digs into respecting the value of money from an early age with some tutorial elements to help you with your children in the process of learning about the value of a dollar. The concepts may be simple in theory but the actual practice is invaluable.
For more information on Financial Sobriety or to reach Matthew Grishman, visit www.yourfinancialsobriety.com
In this brief update, Matthew and Ace bring a message of the postponement of the "live" episode as a result of a family health emergency in Jim's family. Tomorrow, the next episode in the sequencing of "Teach Your Children" will be launched instead of the previously anticipated "live" episode. At this point, more information will be forthcoming as the Gebhardt family situation resolves and will be communicated through the various Financial Sobriety social channels as well as in these show notes.
For more information about Financial Sobriety visit www.myfinancialsobriety.com
Yes, you may have heard this before. Because there was such an interest in what we did last year, we've simply polished a few things up and we're relaunching the "Teach Your Children" series for the summer session. We know you're not likely to go back and dig the episode up, but if you're new to our program, this will be new to you. If you're familiar with the program, now you can share it simply with a family member, a relative or friend who could use a little Financial Sobriety instilled in the kids in their purview. It's going to take all of us to change the way our youth learn about managing money and creating true wealth. Take this opportunity to do what you can to help...and we've done all the work!
Teach your children. Seems like it should be so simple but unfortunately, as you'll hear and maybe even more likely, have already learned, the absolute manual on successful childrearing doesn't seem to have yet been written and demonstrated. Kids financial literacy is important, and your hosts, Matthew Grishman and Jim Gebhardt will get there but it starts way before that. In this episode you'll learn the three C's of raising your child from two guys who have been there and done that. You'll learn the application and hear real life stories in practice and outcomes. You can always find more by checking out the website at www.yourfinancialsobriety.com
Back by popular demand and with a little twist, the summer series of teaching your children the immutable lessons of Financial Sobriety returns. This is the 7 course program to help your children of any age get a grip on those three most important relationships of money, self and others. Since it's unlikely the curriculum is being taught in your childs school or better yet, since it's likely if your child has grown, there is a need to educate your children on the basics of money management. This series is a must for your own children, your children's children, friends with children and even neighbors. The more you can share, the better off we're all going to be.
Also, set your calendar for the first ever "live" program taking place on 7-20-22. Details to follow via Instagram, LinkedIn and Facebook as well as the website.
Unfortunately, due to a family health emergency, Jim needs to be back in Syracuse, NY on the 20th so the live episode will be rescheduled. Thank you for your understanding.
For more information on Financial Sobriety visit www.yourfinancialsobriety.com
In this Part 2 on the discussion of Metahab and the process of Post Traumatic Growth Dr. Joyce Mikal-Flynn identifies the 6 steps in the process to growth from trauma but after a slight deviation with Matthew and Jim on the initial willingness and acceptance of the individual that has experienced that trauma. It begins as a child and how well that child grows into a person capable of choosing to make a difference, capable of accepting the challenge ahead and capable of acting on the trauma to come out better on the other side of the process.
To learn more about Dr. Joyce Mikal-Flynn, her program, Metahab, or her books visit: www.drjmf.com
For more information about Financial Sobriety, visit: www.yourfinancialsobriety.com
The title is ominous... and true, but there's a wonderful continuation story and that's what you'll hear as your hosts Matthew and Jim walk you thru the activity that led to Dr. JMF's death experience and over 20 minutes of CPR before being resuscitated. Resilience, connection and purpose are evident in the outcome that went on to yield a Doctorate and stratified program for Post Traumatic Growth. Anyone that has experienced trauma in their life will appreciate the next two episodes as you learn how to best navigate the trauma in program called Metahab that was the outcome of Dr. JMF's process to health.
To learn more about Dr. Joyce Mikal-Flynn, her program, Metahab, or her books visit: www.drjmf.com
For more information about Financial Sobriety, visit: www.yourfinancialsobriety.com
In this second part of the Longevity Risk assessment, Matthew and Jim move from the emotional evacuation necessary to making the requisite moves in an aging situation to the financial considerations. Not only do things become more complicated on this side of the equation but this is where living longer can present the challenges of affordability. Long term care insurance for example. Extended durations beyond expectations in managed care can absolutely consume all financial tools that may have been anticipated. How do you prepare for such a likely situation? Find out more in today's episode.
To learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
Longevity risk. This could be one of the most devastating challenges to long life. If statistics bear out, the "baby boom" generation is going to represent the longest living demographic ever in the history of the country and that means a greater percentage of the population over the age of 85. And that means a greater drain on resources for health care, living expenses and housing. Your hosts, Matthew Grishman and Jim Gebhardt tackle this sensitive and necessary topic from personal experience as you'll hear in the episode. Are you prepared in the event you live to 90-95-100. It's realistic if you're a "boomer" and something that requires your full attention when projecting what it's going to take in retirement for you to live the lifestyle and get the care you intend.
For more information on Financial Sobriety, pls visit www.yourfinancialsobriety.com
Part two of a riveting discussion with David Woods Bartley takes us to the conversation of his darkness with depression and what led to his standing on the ledge of the Forresthill bridge about to release his grip on the cool steel post that was all that separated him from life and death. It's the story of human connection and hope that reveal the reason to live and the subsequent life that has been built around helping others to recognize and find hope for their survival. Both Jim and Matthew also share stories of simple actions that could change a day in the life of someone who is suffering from depression as well as giving you a feeling of connection as well. This episode celebrates Mental Health Awareness Month and should be shared with anyone you feel may benefit from it. David was also kind enough to share his personal phone number as part of his effort to serve and support those in need. If you or anyone you know is suffering from depression, please support them and seek professional help.
For more information about David Woods Bartley, he can be reached at 916-247-6389 or on line at David@Davidwoodsbartley.com. The website is www.davidwoodsbartley.com
For more information about Financial Sobriety visit www.yourfinancialsobriety.com
May is Mental Health Awareness month and with so many things to be concerned about from the economy, global crisis with the environment and war, to Covid and our very own personal situations with whatever else it is we're all dealing with, it seemed a fitting time to address how good mental health is actually a solid path to Financial Sobriety. Today's guest, David Woods Bartley was talked off the edge of a bridge after years of mental health struggles. His story is a well told compilation of events that will take you from the root of his developments toward mental hellness to anecdotal applications to mental wellness. This is part one of a two part series that will hopefully resonate with many on the way to making an impact on anyone who struggles with depression and thoughts of suicide. If you or anyone you know has ever considered harming themselves, please reach out to someone and seek professional help.
For more information about David Woods Bartley, he can be reached at 916-247-6389 or on line at David@Davidwoodsbartley.com. The website is www.davidwoodsbartley.com
For more information about Financial Sobriety visit www.yourfinancialsobriety.com
Matthew and Jim take a little different journey in this episode as they do get a bit technical, tutorial even. The discussion wraps around your understanding and tolerance of risk and the exposure you may unknowingly have hidden in various funds. You'll get a discussion and better understanding of how bonds work and how in this current environment of rising interest rates, bonds may not be the "safe" bet and may actually be creating a much greater exposure to risk. Would you change your acceptance of risk if you didn't have anything to worry about? Join the conversation and learn more.
To learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
How do you identify risk to your retirement expectations? In this episode, Matthew and Jim introduce the ten financial risks you have no control over. But what can you do about them? Ah... that's going to be the discussion that starts today and continues as the series on risk answers the myriad of questions that arise.
For more information about your hosts Matthew Grishman and Jim Gebhardt, or to learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
Matthew and Jim continue the conversation with their producer, Ace, (aka Jeff)in the aftermath of a serious health issue about the significance of preparation in the event of an unforeseen situation. Is your financial house in order? Is there somebody other than you who knows where everything of importance is? Do they know your passwords? What are you forgetting about? Listen to hear the discussion and options others have taken in the approach to being certain nothing is left to chance.
For more information about Financial Sobriety or to get the book, visis www.yourfinancialsobriety.com.
Join Matthew and Jim as they have a very candid discussion with their producer Jeff, aka Ace, about a recent health incident that could have resulted in his passing. A rare congenital heart condition called a Myocardial Bridge wreaked havoc on his health. The story continues with complications to the next steps in the process of a correction to his diagnosis. If you know of anyone with a heart condition or who has had heart surgery, this could be a life saving episode. Don' t wait to seek professional help. See a doctor immediately if you suspect there's a problem. And don't wait to begin the process of getting your financial house in order knowing it's one less thing to worry about to allow you the bandwidth to focus on the things that are truly the most important. For more information on Myocardial Bridges, visit www.stanfordhealthcare.org. If you would like to email Jeff, he can be reached at netnetguy@gmail.com. To learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
Could trust without judgement radically change the world? Join Jim and Matthew for the discussion on how trust and empathy create leadership, connection and community. If humanity is more alike than different, wouldn't that allow for more compromise and understanding? If you were able to better control your emotions versus being controlled by them, do you think there could be more peace in the environment? Is it realistic to think without that fear of lack of control or understanding of others, that it could lead you to a better position of your own comfort and wealth perspective? Those are the possibilities you'll find in today's conversation.
For more information visit www.yourfinancialsobriety.com
How often have you known you made an emotional vs rational decision? What was the outcome? More often than not, emotional vs rational or logical decisions are not in your best interest. Jim and Matthew share both stories and a technique you can use to make better decisions and diffuse those irrational, emotional decisions that can occur if you allow them. You may find, in practice, this simple exercise could literally change your life for the better.
For more information visit www.yourfinancialsobriety.com
Mediocrity. You know it when you see it, or hear it, or feel it. Usually it's not a good feeling as most of us prefer something, no, most of us expect something better. But after two long years of sequestering, fear for and of many things including our health, sometimes just getting by with a mediocre performance has become acceptable. Or has it? In a turbulent market with your retirement at stake, is mediocre good enough? Today's show will give you a deep insight into how both Matthew and Jim approach mediocrity and how it affects their outlook and actions. You'll also hear the steps they take to combat it and how you can too.
For more information about Financial Sobriety visit www.yourfinancialsobriety.com
If the first part of this two part episode got your attention, Part 2 is really going to bring that messaging home. Patience is key in a dynamic market. The lesson that history repeats itself could not be more clear as Matthew and Jim walk you through the very though process you'll need to understand and accept the changes in the market and how they can wreak havoc on your expectations or, if you're paying attention, help you to sleep better at night knowing you've made some good decisions. After all, the choice really is ultimately yours.
For more information about your hosts and Financial Sobriety visit www.yourfinancialsobriety.com.
Bull Market, Bear Market, Correction, Crash... all have been bantered around in the vernacular of stock, investment and retirement talk. This is a necessary discussion and you'll likely be shocked by some of the truths that are told in today's first part of two on what may seem dramatic to your portfolio. Especially if you're already, or just about to retire. What can you do, what should you do, and what might be expected looking ahead? You'll hear the observations and lead into next steps when your hosts Matthew Grishman and Jim Gebhardt share their insights.
For more information on Financial Sobriety, visit www.yourfinancialsobriety.com.
This second part of the two part series with Julia Nicholson continues the discussion of dealing with grief and loss and looking at them from a different perspective. What you'll learn is the process for dealing with the "its" in life. Julia shares her five framed steps to change the way you deal with the challenges in life and how to get from "not wanting to live like this anymore", to taking the steps to live the life you choose. She shares the most recent "it" that brought her to the realization she was going to do something about her choices and share her revelation with others by not only her speaking publicly about it but through her new book: "It" Happened. Now What? The 5 Realizations: A Transformative Way to Process Loss and Turn Grief Into Grit.
For more information about Julia Nicholson visit www.julianicholsonpresents.com
To learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
While the title seems ominous the story is not. Matthew and Jim talk with TedX speaker and guest Julia Nicholson about her experiences with loss, personal tragedy and death in her life. This first part of a two part episode reveals the basis of Julia's experience and her story. From a tragic and disfiguring accident at the age of 18 that lead to a series of experiences that created the person she has become today. Her story of "its" will challenge you to look at things from a different perspective that will expand your understanding of how things happen for us rather than to us.
To connect with Julia you can visit her website, www.julianicholsonpresents.com
For more information about Financial Sobriety visit www.yourfinancialsobriety.com
Happy New Year! And with that come the usual "obligatory" resolutions, right? Wrong! Listen to the approach Jim and Matthew share as they discuss building a year with intentionality vs regret for failed resolutions. C'mon, we all know they don't work for most of us anyway. Learn the steps to take to get your year off to a great start and end with you intentions well received. Have a great new year and a great new you in 2022!
For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
As the year winds down but financial requirements for year-end increase, Jim and Matthew found the ability to satisfy the most pressing needs during the recent market activity a little too daunting to get the next episode properly recorded and produced, so for a great refresher on gratitude and the reason for the program's success in the first place, here's a little holiday greeting followed by the very first episode of Financial Sobriety. And if you haven't sent your gifts by now, "Financial Sobriety" the book is available on Amazon today! Have an incredible holiday season and we look forward to seeing you back for the new year, new you in 2022! For more information about Financial Sobriety visit www. yourfinancialsobriety.com
As we head deeper into the holiday season, what better way to demonstrate financial sobriety than to share a story of need and success as it relates to some of our most misunderstood families and children... those in the Foster Care System. Today, Jim and Matthew speak with Heidi White, Educator and Church Relations Director for The Alliance: defending the causes of kids and families. You'll hear the true stories of what happens to children in the Foster Care System once emancipated and the challenges they face against great odds. It's not an uplifting outcome. But there is hope. There are many opportunities for support and it's not all just financial. You'll most certainly agree after hearing this episode. With timing "in the season" of giving it's our hope you're moved to do something for someone in need.
For more information about The Alliance visit www.defendingthecause.org. To reach Heidi directly, email her at heidi@defendingthecause.org.
To learn more about Financial Sobriety visit www.yourfinancialsobriety.com
The continuation of this most entertaining discussion continues with Betsaida LeBron not only sharing the definition of play vs humor, but giving us an example of something we can do around the dinner table for the Thanksgiving holiday. Everyone in studio gets in the game for a good laugh as they participate in a playful spirit. This is one time we say "Do try this at home!".
For more information on how you can reach Betsaida you can find her website at www.improveq.org.
To learn more about Financial Sobriety visit www.yourfinancialsobriety.com
Join Jim and Matthew as they discuss the process of bringing out the inner child in your life with Improv Comedian Betsaida LeBron. Learn how to get back to the play and fun you remember as a child by losing the mask and armor of years of protection having to be built. This first of a two part episode unveils the process Betsaida had to go through to get herself in a space where she knew she belonged. If you've ever felt you're pretending and accommodating to please others, think again after you hear this episode and bring your real self to the forefront.
For more information about Financial Sobriety visit www.yourfinancialsobriety.com
In a slightly different twist, join Jim and Matthew today as they discuss the value proposition for the upcoming event starting November 15th. The Visa Hangover Challenge will shed light on the steps you can take to avoid the headache that occurs for so many in January when that holiday Visa bill shows up. You can change the behavior to make January a welcome month with the excitement upon the arrival of that Visa bill, knowing that you've got nothing to be surprised by or worried about. For more information on how you can participate in this free seminar, simply visit www.yourfinancialsobriety.com. This is one time you can be sure that filling out the form and making the commitment to attend will actually result in an outcome you can be certain will be more than you expected!
It's almost the holidays and it's no secret that can create a nightmare for those not prepared for the spend. Today's episode is the first of a two part series on getting ready for the holidays and not sending yourself into a full on depression when the bills come in January. Matthew tells an anecdotal story and Jim shares his perspective on what's around the corner this year. These next two programs are the prelude to saying "no" more and preventing the unintentional, mindless holiday spending.
As always, you can learn more about Financial Sobriety at www.yourfinancialsobriety.com
This second part of preventing the VISA Hangover gets into the meat of the matter. Saying "NO" more. Your hosts, Matthew and Jim will not only reflect on the value of saying "NO" more but they'll give you specific examples of the benefit when you do so. It's not as simple as you may think. In addition, full details on getting registered for "The Say No More Challenge" live video presentation starting November 15th will be discussed as your hosts invite you to attend. In the presentation you'll learn the 5 Simple Tools to help you avoid the VISA Hangover come January. Details to follow, or if you prefer to reach out to Matthew directly, he can be found by emailing him at matthew@yourfinancialsobriety.com Don't miss out on the opportunity to have the best Christmas holiday ever by keeping your spend in check!
Dr. Rishi Menon returns to close out his conversations with Matthew and Jim with a medical discussion about the perceptions of science and its' influence on the human psyche. Especially as it relates to Covid 19 and the vaccination to prevent the disease...or at least minimize its' effects. While there are no earth shattering revelations, there is a great discussion about how MRNA affects the body and its' ability to fight the disease as well as some philosophical conversation on acceptance of one's decision to vaccinate or not. This is a must listen if you are anyone you know have some concerns about the disease and/or the vaccination. It's not pro or con, just a great dialogue with our guest.
For more information on Financial Sobriety, visit www.yourfinancialsobriety.com
This second part of Market Meltdown Memories gets deeper into the elements of what caused the failures of major companies in the 2008 collapse, like Merrill Lynch and Lehman Brothers. The bailouts, especially for insurance company AIG and the resulting book entitled "Too big to fail" are part of the discussion as Matthew and Jim reflect on the past crash and the relationship it may or may not have to todays' markets. Emotions and the significance of governmental support play key roles in their perspective as you'll hear in this very candid and unique look at what possible considerations you may want to make as you consider next steps.
For more information visit www.yourfinancialsobriety.com
All too often, we tend to attempt to forget the past but it's no secret that history repeats itself. That's the subject of today's discussion as conversations around the office, or around the virtual world of zoom are beginning to creep up with questions of the economy's health and the stock markets long upward trend. Is it time of reconsideration of placement of assets? Matthew and Jim begin a spirited conversation on the topic in this episode which will be immediately followed by the closure to whether or not it appears we have much to be worried about and why.
For more information visit www.yourfinancialsobriety.com
Continuing the discussion with Dr. Rishi Menon, Matthew and Jim dig a little deeper into the impact of "imposter syndrome" as it affects and impacts loved ones beyond self. Dr. Menon goes on to discuss treating the mental health aspect of what may have caused an condition and treating the whole person vs. just managing the symptoms. He speaks from personal experience and relates his situation to so many he people he sees as patients and discusses how we really need to look at things differently for one's best health outcomes.
For more information on Financial Sobriety visit www.yourfinancialsobriety.com
Today's episode reveals a look into the reality that even the most respected of professions has its' shortcomings and challenges when it comes to the personal side of those in that practice. Hosts jim Gebhardt and Matthew Grishman speak with a very special guest and personal friend of Matthew's on what began a spiral into self-doubt and substance abuse. Dr. Rishi Menon, a practicing cardiologist,and member of a cardiology group, shares the beginning of his story in this first episode of three parts, on what caused his dive into a darker space and then what began to lead him out into that self realization that there is hope and healing. Even the super heroes we think Doctors are, can be misconstrued as you'll hear in this very frank and candid discussion.
You can learn more about Financial Sobriety by visiting www.yourfinancialsobriety.com.
As our "Teach Your Children" series winds down for the summer, one of the critical "Pay thyself first" comprehensions has to be not only the "why" but the "how". In this episode, Matthew and Jim share both their own personal stories with their children as well as the direction you can take to help your children understand the value of the discipline to make an investment in themselves and do it in a proper manner. For more information on Financial Sobriety visit www.yourfinancialsobriety.com
So you're following along with your hosts Matthew Grishman and Jim Gebhardt and your children are making progress, all excited about that first job and that first paycheck, right? But what happens next is the crux of this episode. The money isn't right! Who took my money? How do you explain to your children how and why what they get paid hourly isn't what they're going to take home from their efforts at work? That's what you'll learn in today's episode. For more information on Financial Sobriety or to order the book, visit www.yourfinancialsobriety.com.
We're getting toward the end of summer and your hosts Matthew Grishman and Jim Gebhardt have been holding class on teaching your children about many of the attributes of building wealth and money as they relate to somebody just getting started in their earning career. Now comes the moment of truth when an income stream is recognized. Wealth building is a marathon, not a sprint but only if one is diligent in doing so. Today's episode get's one started on the process of being certain that the right person is getting paid first. YOU! (Or your child in this case.) 401K's and savings mechanisms are discussed as they relate to long term wealth accumulation and ultimately, a successful retirement. For more information on how to better teach your children the basics of money, visit www.yourfinancialsobriety.com
If you're thinking it seems like you just heard an episode last week, you're correct. This whole teach your children concept provides so much value, the intent is to get as much of it completed while the kids are out of school and still at home. In this episode, your hosts, Matthew Grishman and Jim Gebhardt dig just a little deeper into the education of our children on what's important to them. Getting clarity through the "Clarity Compass" applied to your children can really open up their eyes to the concept of money. Not terribly unlike the earlier chapter in the book or episode on the podcast, the difference in this episode is the anecdotal stories and the specific application for the kids. Any yes, there is a homework assignment. What would you expect from an episode that starts out with "Class is in session???" For more information about Financial Sobriety, or your hosts, visit www.yourfinancialsobriety.com
What if you could count on your state school system to educate, not only your child, but every child on financial literacy? What would that look like 20 years from now as those children grew into leadership, adulthood, government? Pretty amazing I would think. You'll hear about Rhode Island's new bill SB349 in today's episode and what better time to roll that right into the federal child tax credit that was recently passed? Matthew and Jim describe what's going on in Rhode Island and then seamlessly weave that great program into some ways to understand what to do with the tax credit that will be showing up in your bank accounts if you have a qualifying household income. And yes, that will all be covered. You can always find more of any topic covered in the program by visiting the website at https://yourfinancialsobriety.com
Continuing the theme of teaching your children, this episode digs into respecting the value of money from an early age with some tutorial elements to help you with your children in the process of learning about the value of a dollar. The concepts may be simple in theory but the actual practice is invaluable. For more information on Financial Sobriety or to reach Matthew Grishman, visit www.yourfinancialsobriety.com
Teach your children. Seems like it should be so simple but unfortunately, as you'll hear and maybe even more likely, have already learned, the absolute manual on successful childrearing doesn't seem to have yet been written and demonstrated. Kids financial literacy is important, and your hosts, Matthew Grishman and Jim Gebhardt will get there but it starts way before that. In this episode you'll learn the three C's of raising your child from two guys who have been there and done that. You'll learn the application and hear real life stories in practice and outcomes. You can always find more by checking out the website at www.yourfinancialsobriety.com
The grand re-opening has happened, things are appearing to be back to normal. But are they? Likely not and that's why today's episode is so important. Yeah, we know it's a little long, but we didn't want to split it into two parts and make you wait another week when the topic is so significant and the process one that needs to be completed sooner than later. Graduation. We've been through something and yes, it's also the month of June and that's also graduations. But important to note that while you've come through it all, maybe even well, that does not mean you've arrived. And that point will be driven home in this episode. You've simply been promoted to the next level, the next set of challenges and the next set of opportunities to do things the way you want to get them done, the right way for you. It's also halftime. Midway through the year and time to take stock and assess how you've done. A midyear review. Matthew and Jim use the Financial Sobriety tools to gauge how well they did with money, people and self and help you do the same with some guidance and direction on how to recognize accomplishment and steps to take to self-correct as well. Just in case you may have gotten a little off course. It happens to the best of us, as you'll hear in both Matthew and Jim's stories from the beginning of the year. For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
Following up on last episode's discussion of overwhelm and how it can impact so many of your decisions, including serious financial ones, Matthew and Jim revisit the tried and true, proven solutions to minimize that overwhelm. Ease off the pressure, the sense of urgency or FOMO (fear of missing out). Lose the spontaneity and regain the intentionality of what you do. Look, nobody wants to relapse, but it happens. There are steps you can take, however, to help you get back on track. It's about identifying a space between that allows you to get out of your head and into your heart. Being of service to helping another is one of the best solutions to overwhelm and you'll hear some suggestions in this episode to get you there.
For more information on Financial Sobriety, visit www.yourfinancialsobriety.com
The pandemic is beginning to release it's grip on our lives. On our lifestyles. But are we ready to fully re-engage in that which we had longed for? Are we ready for what normal was? Or will things never be like that "normal" was ever again? In this episode, Matthew and Jim relate to the overwhelm so many are feeling with the seemingly sudden return to demands on time and the effect of a quick return to business almost, as it was. A hidden side effect that can wreak havoc on so much financial gain is inflation. It's just another of the elements adding to that overwhelm and potential collapse of the financial sobriety so many have built. There's comfort in similarity and commonality. You'll find you're not alone in the arms of overwhelm. For more information about Financial Sobriety visit www.yourfinancialsobriety.com
This second part of a two part program on revisiting the Clarity Compass with our very own Beth and Jim Gebhardt portends some very candid and revealing discussion about both the personal side of the process for them both, but also the professional side of things as well. As the continuation of Beth's first foray into the Clarity Compass, Jim joins in the conversation and shares his experience of participating, versus administering, the program to clients. What results is a most honest and impactful outcome that will forever change their lives. For more information about Financial Sobriety visit www.yourfinancialsobriety.com
The re-opening of the country signifies a milestone in the battle against COVID but what about the battle of your finances? In this episode, Matthew interviews Jim and Beth Gebhardt as "guest" of the program and what it was like for them to follow the steps in Episode 5 "Top of the Mountain" with regard to the "Clarity Compass". Now that there is an opportunity to spend again, isn't it critical that you spend on those things most important to you? Do you know what they are? If not, this is your story being told as Beth and Jim share their "Clarity Compass" process in these next two episodes.
For more information about Financial Sobriety visit www.yourfinancialsobriety.com
This second part of the discussion with Melissa Bernstein reveals her deepest and darkest moment in life. Identified as Existential Depression, she shares the steps she's taken, the stories she's learned, the actions she does that help her deal with her diagnosis. She also takes you down the path of self realization and the encouragement to understand you are not alone. As a result of her journey, Lifelines was created to help others feeling the same despair. Her promise to talk to everyone who sincerely reaches out is an incredible offer to share and help others both heal and grow. For more information, visit www.lifelines.com. If you would like to know more about Financial Sobriety, visit www.yourfinancialsobriety.com
As the month of March continues the theme of "relationship with self", Matthew and Jim have an incredible discussion with Melissa Bernstein of Melissa and Doug Toys. Hear how even when you have everything, including passion, purpose and love, life still may not be the completion of fulfillment. This is part 1 of a two part program that will set the stage for the wonderful side of things before turning to the severe emotional toll and mental health challenges that were diagnosed as Existential Depression; A condition that led Melissa to write a book and develop a program called "Lifelines". For more information visit www.lifelines.com. To learn more about Financial Sobriety visit www.yourfinancialsobriety.com
The topic of today's show is the first for the month wrapped around the relationship with self. If you're not healthy physically, how can you ever be healthy with your relationship with money? Matthew and Jim have an incredible conversation with a master nutritionist, meal planner and author of Eat Naked Kitchen, Margaret Floyd Barry. If making change for improved health and lifestyle is important to you, sit down, take notes and enjoy the conversation. For more information about Margaret, visit www.eatnakedkitchen.com. To learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
Mortgages can be confusing. There are many different varieties and on today's show, Matthew and Jim take you down the line with a professional, Brad L'Engle. He's a part of the team of professionals they work with to answer questions they may only know superficially but rely on the expertise of a pro to help guide a client properly along the way. For more information on Brad or to get a free consultation, you can find Brad on line at www.yournorcallender.com. To learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
Your Financial Sobriety team has deemed February the month of financing awareness. That means knowing how interest impacts you and the ramifications of making the best choices when you have a decision to make. Learn about the process and options when making that second biggest purchase next to your home, a new vehicle. John Driebe, owner of "For Any Auto Group" shares from his 40+ years as a dealer representing Nissan, Mazda and Infiniti, things to be aware of when purchasing or leasing a new or used vehicle. For more information visit www.foranyauto.com. To learn more about "Financial Sobriety" or to purchase the book, visit www.yourfinancialsobriety.com
Join your hosts Matthew Grishman and Jim Gebhardt as they discuss accomplishing your goals for 2021 with Bo Eason, former NFL safety, playwright and actor, author and coach. Learning how to say "no" more could be the single greatest asset you have in allowing yourself to grow more and meet your new year declarations. A must hear episode. For more information visit www.yourfinancialsobriety.com To get Bo Eason's new book "There's No Plan B for Your A Game." and learn more about his opportunities visit www.boeason.com
Welcome to the first show of 2021! This episode helps you absorb the challenges of the year past with some great insights for the year ahead with admission of little guilt in spending over the holidays. Your hosts Jim Gebhardt and Matthew Grishman quickly take you to an interview with a couple not unlike many of you, who are working hard to get to a semblance of financial security with the tools from Financial Sobriety. Hear them discuss their journey and steps they've taken to get closer to their goals. There are some great tips they've adopted to ensure success.
For more information about Financial Sobriety, please visit www.yourfinancialsobriety.com
- A lot is going to be said about this in retrospect and your hosts, Jim and Matthew, take a look back at the one year anniversary mark of the podcast, Financial Sobriety, to give a little perspective and celebrate just a bit. It has been one very strange year indeed. They also introduce an encore version from the segment on "Relationship with People" based around conflict. How appropriate as we enter into the 11th month of stay at home and, in many cases, tight quarters with multiple people. If you missed the episode, you'll appreciate it. If you've heard it already, it was long enough ago that it's worth repeating. And as a point of gratitude for helping launch the podcast in one strange, strange time, THANK YOU for listening. The entire team at Financial Sobriety is appreciative of what you mean to us and wishes you a Happy, Healthy and Prosperous New Year in 2021.
For more information visit www.yourfinancialsobriety.com
As the year winds down but financial requirements for year end increase, Jim and Matthew found the ability to satisfy the most pressing needs during the re-instated Covid lockdowns a little too daunting to get the next episode properly recorded and produced, so for a great refresher on gratitude and the reason for the program's success in the first place, here's a little holiday greeting followed by the very first episode of Financial Sobriety. And if you haven't sent your gifts by now, "Financial Sobriety" the book is available on Amazon today! For more information about Financial Sobriety visit www. yourfinancialsobriety.com
This special holiday episode deals with a startling revelation of relapse and the consequences of choice. The holidays are stressors, no doubt and coupled with the additional anxiety of separation from friends and family, could possibly cause all your hard work of saving to evaporate. Your hosts, Matthew Grishman and Jim Gebhardt take a different approach in this conversation by examining the options of the pain of discipline or the pain of regret. Perfectly timed for the holiday season, you'll recognize the practices and appreciate the candor in today's show. For more information visit www.yourfinancialsobriety.com. And please consider the gift of Financial Sobriety for the holidays! The book is available at the website or on Amazon.
This third and final episode in the "Bringing it all together" closing trilogy, does just that. It brings to a close the first series of podcasts introducing the curriculum of "Financial Sobriety" with the last theme of your relationship with self. Hear how the program will unfold going forward, guests and interaction with others at various stages of becoming more financially sober. If you would like to give feedback and request more from the program, please email "info@yourfinancialsobriety.com" and we'll be sure to get back to you. As always, for more information, visit www.yourfinancialsobriety.com.
Today's episode takes a very poignant look at the election as it's happening. No political positions for Donald Trump or Joe Biden. No partisan statement conservatively Republican or liberally Democrat. Just a look at what we might anticipate, what we may be able to prepare for and a whole lot of hope that there's a human element in our country's divide going forward; Whomever the leader of the free world happens to be. For more information on our program, please visit www.yourfinancialsobriety.com
Continuing along the journey of wrapping things up from the compilation of episodes to date, "Bringing it all Together"covers the midsection of prior discussions about your relationship with people and the infamous "5 to Thrive". If you don't recall this key component of establishing trust, then listen up and refresh your memory as Matthew and Jim take you down memory lane from prior episodes of Financial Sobriety and work to keep you in-line along the path. For more information or to get a copy of the book, visit www.yourfinancialsobriety.com
Well, you've made it through the entire process for the first time. Congratulations! Listen as Matthew Grishman and Jim Gebhardt bring it all together in a great summary of the past 21 episodes. It's a beautiful recap of the significant elements of the past 9 months and what a journey it's been. No need to remind you, things were different when the program launched in January to where we are today. But throughout it all, the Financial Sobriety team didn't miss a beat. The next few episodes will work to help you also get it all together. And remember, for more information, visit www.yourfinancialsobriety.com.
We all need it but many of us don't do it. Matthew and Jim discuss the requisite downtime that is so necessary to not only being healthy but allows you to make better decisions in general and more specifically, about your finances. Can a stressed out, overworked, exhausted mind be trusted to handle the complexities of making lifelong decisions? Find out why not and what to do about it as the final episode on "Relationship with Self" concludes. For more information on Financial Sobriety, visit www.yourfinancialsobriety.com.
As Matthew states in this episode, the two most significant days in your life are the day you were born and the day you realize what your purpose in life is. Finding your "Unique Ability" is a process. Easier for some than others. But getting there is the difference between living a life fulfilled vs living a life of challenge. Settling into a life wrapped around your unique ability is both discussed and demonstrated in this episode. The value understanding your purpose and living in that space as much as possible frees you from doing the things you would prefer not to be doing thus freeing you to, do those things you both enjoy and that come much easier for you. The outcome is personal fulfillment and that translates into a better understanding of personal wealth. Both how you earn and how you spend. For more information, visit www.yourfinancialsobriety.com.
That mask you've been wearing may have been with you a long, long time. Isn't time to understand how you can take it off to better learn to deal with your money? Maybe learn why you deal with your money the way you do? See the freedom it provides when people and you, know your real self. This is a heavy episode. Taking that mask off requires mental, spiritual and physical self-care. You're building and nurturing that relationship with one person, you. From there, it only gets better. You'll see the shift beginning to a more intentional way with your money and that is ...Financial Sobriety. Find more at www.yourfinancialsobriety.com
Continuing the chapter on "Relatonship with Self", your hosts Jim Gebhardt and Matthew Grishman dig deep into what it is about putting that mask on that gives you some sense of comfort...or is it discomfort? Hear them tell their stories of the polished presence of pristine they felt they needed to convey until they dug deep and developed a different perspective on what was most important. Hint: it ain't what you think. Hear Jim explain "authentic preparation" vs "perfect presentation". Putting on the mask...is it really you??? Find more at www.yourfinancialsobriety.com
As the "Relationship with Self" continues, your Financial Sobriety becomes more and more personal and in this episode, your relationship with money is clearly reflected in your relationship with the person you see in the mirror everyday. Ironically, we're all told we must wear masks now to prevent the virus from spreading but is the mask you've been wearing for years, and we all have one or two or three or more, but is that mask one you're willing to take off? Learn some of the tools at our disposal as Matthew and Jim help you to begin to peel off the "other" you to reveal the real you. By doing so, you're going deeper into the reasons and rationale for your behavior with your money on the quest to have the best relationship with your money you can possibly have; an intentional one. For more information or to order the book, visit www.yourfinancialsobriety.com.
The continuing process of becoming intentional with your money has now moved into the next series of episodes on "Relationship with Self". These are the truly interpersonal reasons for your relationship with money and a look deep inside one's self reveals years of rationalizations as to why things have been done the way they've been done. This episode is a very real, very raw revelation of how life influences the actions we take with all relationships, including that with money. The personal stories told by both Matthew and Jim are only the beginning of the continuing journey of processing how you came to where you are on so many levels. Therapeutic? Maybe. Cathartic? Likely. Powerfully supportive. Absolutely. For more information and details on the Financial Sobriety process, visit www.yourfinancialsobriety.com
There's never a dull moment when it comes to couples and money, especially knowing it's the #1 cause of divorce. Finances and the topic alone as a discussion scare many married couples and often, it's left unchecked until resentment builds and BOOM! The fireworks go off. Here Matthew, Jim and Jim's wife Beth, discuss this very sensitive topic and some of the ways they've learned to deal with it to the benefit of the relationship. For more information, visit www.yourfinanicalsobriety.com
Continuing the trilogy of "My People", Inevitable Oonflict is just that. Hear how Matthew and Jim work thru the processes with supportive acronyms to help you along the way to managing conflict in your life. Avoiding conflict to begin with, dealing with resolving conflict once it's occurred and consequences of criticism and judgement that can come with conflict. Lastly, the biggest issue in conflict baggage is resentment. Learn how understanding the value of forgiveness can not only improve your relationships with people but how it's an integral part of the greater understanding of the true meaning of wealth. For more information visit www.yourfinancialsobriety.com
The next Chapter of Financial Sobriety deals with "My People" and this episode of concentric circles leads you from the center outward to others in rings one, two and three. Unlike a donut, these circles won't impact your weight but they can weigh on your emotions and impact your decisions with money. Listen as Matthew and Jim take you on a roundabout journey to an awesome, practical and applicable ending. For more information visit www.yourfinancialsobriety.com.
Clarity, confidence and capability. Has the "shelter in place" allowed us to become more capable in who we are as individuals? Listen as Matthew Grishman and Jim Gebhardt discuss the tremendous opportunities that have been presented by our current situation and how to be certain you're doing what you can to be better prepared for what life is going to look like when the economy begins to open up. One thing is for certain and that is that is will be anything but normal as we've know it.
The second part of episode 11 is the closure of The Epicenter of Wealth segment. Maintaining Trust. Hear the explanation and value of 5 to Thrive as the pillars on which to build for common decency and respect and, of course, trust. There's very little to debate as you'll hear from Matthew Grishman and Jim Gebhardt in their discussion of these principals for building trust in your relationships. Gratitude, Vulnerability and now the second episode on trust, demonstrate and confirm the value trust brings to the table in every relationship. Interested in learning more? www.yourfinancialsobriety.com
There's a reason for 11a. There's an 11b coming next. The topic and discussion on trust was too solid, too valuable with too much information to put all the content into a lengthy episode, hence the 11b coming up. Trust follows the prior episodes of Gratitude and Vulnerability and really hits home to close out the trilogy in the module on the Epicenter of Wealth. This is what it's all about. The human centric value of trust. Hear Matthew and Jim identify the extent to which trust plays into, not only the relationship with people, but how it can affect everything around you; yes, including your money and perception of wealth.
You get beat down. The constant drumming of negativity amid growing fear and concern begin to rattle your confidence. Your sense of well being and security are challenged. Todays' Special Edition was created specifically for the purpose of providing you details and ways to help protect, maintain and even boost your confidence. Learn some new tools to develop your bandwith of confidence and refuse to fall into the trap of confidence busters. This special episode accomplishes all of the above in a very engaging and entertaining discussion with your hosts, Matthew Grishman and Jim Gebhardt.
This second of the three segments making up "The Epicenter of Wealth" is one of the most contemporary elements and possibly most difficult to exhibit, relative to relationships today. The interpersonal play of human vulnerability is the topic of conversation you'll want to join as your hosts Matthew Grishman and Jim Gebhardt dive deep into the essence of what makes others attractive. Why is reality TV so popular? What is it about apologies and failure that people find so intoxicating? How does this relate to your "wealth"? Your personal ability to be vulnerable is what helps create a better understanding of your personal relationships with both people and your money. Walk away from this episode knowing how to better understand others and what they may really be saying in those not so casual discussions.
Epicenter of Wealth is the next module of Financial Sobriety. Matthew and Jim now take you on a journey that is much more personal than previous lessons where the defining elements were wrapped around the awareness or money. This module delves into a deeper sense of worth and opens with "Gratitude". Given the recording was done on one of the worst days the stock market has ever seen and is in the midst of the Covid-19 pandemic, it provides valuable insight into handling the related stress that could accompany a vary difficult situation. Gratitude as a calming effect of the stress that could accompany the events unfolding, cannot be overlooked. This is meant to apply to the individual well-being and personal relationships with "your people".
This third segment of The Blueprint Module concludes with the discussion of "Resistance". What could potentially destroy the foundation you've built and plans you've put in place? Risks to avoid and the understanding of the challenges that will most certainly creep into your best laid plans. Matthew and Jim describe their own personal stories of one of the biggest elements of resistance: Lifestyle Inflation. You'll learn the 3 steps to be keenly aware of to prevent this from happening. Awareness, Acceptance and Action. This episode completes the foundation and establishes the next phase of construction in the building of your Financial Sobriety!
In this episode, Matthew and Jim continue to take you on the project of the construction of the family blueprints by discussing wealth in a variety of ways. Asset classes, money timelines based on need and risk elements as they relate to the asset distribution of your wealth. Remember, you don't need all your money today! In spite of the current economic climate, there still needs to be a plan. As a matter of fact, a plan is even more important during volatile economic swings. You'll also learn about the 3 phases of retirement as defined by Financial Sobriety; Go Go, Slow Go and No Go. They aren't necessarily what you may think and the stories related to the stages will entertain you. This is the second of three episodes constructed from the "Blueprint Module". They're best listened to in sequence for the greatest impact and proper building on the foundation you've already established.
Your hosts, Matthew Grishman and Jim Gebhardt recognize the gravity and toll the constant negativity and fear of uncertainty can place on a person. This most unconventional Special Edition, stops down the financial discussion and looks inward to the personal realities we're all facing with the overwhelming concerns for one's well being, the well being of family and the frightening financial situation that is looming. Dealing with it all requires specific tactics, not unlike the Financial Sobriety process and that's what you'll hear in an attempt to alleviate some of the anxiety that is inevitable under the current circumstances of Coronavirus/Covid 19 and market volatility.
You've been doing your work and getting things sorted out with the process of having a better relationship with your money. Congratulations! As you know, your hosts Matthew and Jim are not only proud of where you are now but you've been hearing the association to construction in that you need that foundation built before anything. You're getting there and now some of the fun begins. This is where you begin the process of putting things together as you want them... expect them to be. You'll hear about how the Rothschilds and VanDerbilt's went about dealing with their fortune and underlying blueprint too. Amazing story. It all ties into getting you to where you want to be. Enjoy the episode.
This "Special Episode" has been released to calm some of the concerns when the stock market does what the stock market is supposed to do. This has been a perpetual party long overdue to end. Listen to a different approach as Matthew and Jim share their opinions, views and experience on market volatility and the unique position they take with regard to volatility with Financial Sobriety in mind.
Jim and Matthew take you on an entertaining journey today as they share stories relevant to the next steps in the Financial Sobriety process. Getting focused, a look from the top of the mountain. You'll hear about the four principles for direction and guidance, a great exercise with a deck of cards, but not your ordinary deck of cards, and you'll begin your action plan of fulfillment. It's all part of the process as you continue the development of your personal relationship with your money.
Listen to the beginning of the process and the first steps necessary as you start your journey to Financial Sobriety. Matthew and Jim identify and explain, in detail, the very first requirements to getting your financial house in order. The balance sheet and your family profit and loss statement. You'll learn your net worth and how to manage your household budget like a business. Anecdotal and personal stories help you see the real life integration of the program as told from first and secondhand experience. This is a must listen to get the most out of the Financial Sobriety program and helps you understand where you really stand with your own net worth. Don't know what that really means? You will after you complete this episode! You'll be one step closer to minimizing, even quitting that addiction to spending.
In this episode, hear Matthew and Jim give you the history of "bag o' crap", their stories on money and wealth and the true meaning and relationship they have to each. You'll also get the steps to take inventory of what you have... in more ways than one and the details of FORM, Family/Occupation/Recreation/Money, will be discussed along with the necessary steps you can take to continue your journey to Financial Sobriety. Each episode is linear in the process to accomplishing your personal objectives for Financial Sobriety. +
In this second episode of Financial Sobriety, hear your hosts Matthew and Jim explain the beginning of the journey to financial health. Getting financially sober requires some steps and you'll hear both personal and client stories as the start of the process is clearly spelled out. Let them take you on that first step with specific direction, if you're willing and able. With descriptive and simple suggestions, this episode could be the change you've needed to get you started with your new relationship with money.
Financial Sobriety is the personal journey of Matthew Grishman and how it almost cost him his family, his wealth, his life. A rock star presenter to financial advisors for his products and services, he had a devastating secret. His own finances were a trainwreck. Hear how he went from living large with a six figure income... to broke. Financial Sobriety is about rebuilding your life and your relationship with money and people with the program and process Matthew and co-host and business partner, Jim Gebhardt created. This first episode sets the tone for the program as the true story of financial destruction gets told and begins the direction toward reconstruction.