Ride Your Money Wave: Recent Episodes
Brian Weitzel
This podcast is all about becoming wealthy, learning about personal finance, and how to create your own money wave that you can ride and provide you the freedom to live the life you've dreamed.
Matt M. is on the road to wealth. At the age of 19, he already has $55,000 invested in the stock market. Matt walks us through how he did it and what his plans are moving forward.
Why I don't care about GME, AMC, or any of the noise happening in the market right now.
The title says it all - 2 Steps to a Financially Successful 2021. 2020 was a rough year for everyone but somehow, my net worth increased 28%. How?! I attribute it to two things I did and share those with you in today's podcast.
With Christmas around the corner, tis the season to want. However, how healthy is that in our pursuit of happiness?
Hey, it's me, Brian. I know, I know...where have I been since July? Dealing with my own money issues, if you must know. In this podcast episode, I come clean about how my relationship with money got a little unhealthy and what I am doing to fix it.
Years ago, Nolan sat in on a workshop I hosted, teaching students about money. It was only an hour long but it was just enough to plant a seed in Nolan. Since then, we have touched base with each other every few years when new financial opportunities - setting up Roth IRA, first 401(k) - came up. When he emailed me to share some financial news with me, I thought it would be a conversation worth sharing.
Last week, I had the opportunity to bring Andy Hill (virtually) into the studio to talk about money. He had a remarkable financial journey going from -$50k to being a millionaire in about 10 years. We speak openly about the role of money in our lives, our goals, and even our money mistakes. Be sure to check out his podcast, Marriage, Kids, and Money.
This has been a crazy few months for the world, economy, and stock market. It seems like the economy has decoupled from the stock market, which begs the question: is this a good time to invest?
Kevin O'Leary suggests we have $100,000 by the age of 33 years old. He is so kind and wonderful, he will even give us to 35! How nice of him. Is it realistic? Here is my take.
Wealthfront used to be a fantastic platform to invest through, especially for young or low-income investors. Now, the platform has changed.
A received an email from Tomas, a real estate agent in Portland, Oregon (Keep Portland Weird!) asking me about what advice he should give his kids. They are about to be sophomores in college and have $10k saved up and are working throughout the summer and throughout their college years.
Sorry everyone, it has been a while. In this episode, I bring you up to speed, reflect on Covid-19, and explain why focusing on progress is key.
I have been reading so many people complain about the lack of financial literacy being taught in school. There is an element of truth to that, but only an element. The information is out there. YouTube, apps, podcasts, blogs, websites, books...you name it. A million ways to make a million bucks. But, what do all of them have in common? A solid foundation. A budget is a solid foundation. Take a listen as to how a millionaire's budget differs from everyone else's.
Well if that isn't a clickbait title, I don't know what is. But, it is true...it took me about 10 hours of paperwork in total and I set up a passive strategy to make an extra $580,706.
More and more people I talk to do not utilize a Roth IRA. This investment account is going to become more important as the years go on IF our government decides to raise taxes to pay down our debt...you know, what a responsible person is expected to do.
Here is the deal, a little misinformation when it comes to money can have drastic and a lasting impact on your finances. That is why, it is so important to know how money, and all the markets around it, work. Here, I clear up a few money myths that listeners emailed me.
Here is the beauty about money and success...it isn't genetic. You can study it, practice it, and grow it. Markets don't care who you are or what your name is. That is refreshing because that means that anyone can become wealthy. To help you on your journey, here are my top 10 best financial decisions.
This one hurt. It was slightly embarrassing. But, that is how we learn, no? Today's episode I talk about my five worst financial decisions. What do almost all of them have in common? Ego.
Change is tough, especially change you don't see coming or have any control over. In this episode, I examine three things I implemented to make my Covid-19 quarantine to be as productive as possible.
Whether it is a tax return, a small inheritance, or a stimulus check, getting unexpected money can lead to a lot of unnecessary wants. Here, I explain the best ways to spend your stimulus check.
On today's podcast, I examine my five favorite books on money that changed my views and therefore, changed my life.
A podcast listener emailed me asking for some advice. In short, he got a later start on his financial journey. 35 years old and $0 net worth. The good news is, he is ready to make changes and work. He is hungry...and that is all you need to differentiate yourself from everyone else. On this episode, I go through his numbers and give him some actionable steps to take to start developing his own money wave.
What a crazy, bat sh*t month this has been. Is 2020 offering any refunds? Since this whole economic shut/quarantine, I have been pivoting my business and my time. Recently, I turned the microphone off and the camera on. Yep, I brought RYMW to YouTube. My brother suggested that I talk to my audience, to the demographic of people who I think are watching. So here you go, 10 Things I Wish I Knew in my 20s. Funny thing is, only one deals with money.
Be sure to subscribe to the YouTube channel and share with your friends.
Tracy emailed me stating that she is getting serious about her money but is afraid to invest her money in the stock market. She is looking for a little advice as to where to start. In this episode, I gave her a few of my ideas.
Two weeks ago, I got a check for $36,000. ($36,125 to be exact.) Following two simple principles - you want your money to work for you and it is better to make one BIG great decision than 1000 smaller good decisions - I spent all $36,000 in a single day and don't regret it. What did I buy? Take a listen and find out.
Do you ever get frustrated because you can't find the time for something you value? Working out, reading, and this podcast has been subject to that frustration for me. Luckily, I have changed the structure of my day to account for these important things. I have had the best of intentions to buy life insurance for the past two years. Yesterday, I woke up and made it happen. Why? Take a listen and find out.
Hello 2020! First podcast of the year. This one comes from a conversation card that I was asked while on a trip to London. My music "career" plateaued despite my love for it. Why? The answer, when applied to finances, can make you a "rockstar."
Last night, I had a big purchase. It made me feel something I haven't felt in years. Today, I talk about what it was and what I learned from it.
I'm back! Sorry about that. Last two months have been doozies for a multitude of reasons. I fell off the podcast bandwagon there for a bit. Luckily, I carved out some time this evening to sit down and share some thoughts about the high cost of wealth. In short, wealth is accessible, but few achieve it. Why? Because of what the ticket to wealth costs...
Today's podcast is a special one for me - I sit down and talk with my cousin Nate, who started his financial journey at the age of 18 by opening up a Roth IRA. He talks about how he was able to put savings first, even in college, and max out his Roth every year since he opened it. Now, he balances the needs of his financial future with living a fulfilling life today. Be sure to stick with the episode all the way to the end; there are some gems of insight in the last 5 minutes.
Today, I sat down with Colleen, owner of Silver Bean Events, a wedding and event planner in Metro Detroit. At 26 years old, she has already amassed a net worth of $60,000, is setting goals and teaching herself about investing and personal finance. We talk today about how she got there and I answer several of her questions at the end of the show.
I just came back from a week in California, climbing in Yosemite and sipping wine in Napa. It was amazing. I had a special moment where I felt in complete harmony, living my best life. Today's podcast is about that moment and what you can do to live your best life.
It has been a while since I have had time to podcast. (You can blame my photography schedule.) Anyway, I gave a speech the other day to a group of industry professionals and it was interesting to see where we all were in our financial journey. One thing became clear though: money truths are applicable at all ages. The truth behind getting wealthy is applicable at any age and can be implemented at any age. On today's podcast, I recap the 4 Rules of Money and what steps you can take to implement them.
In today's podcast, I discuss some financial statistics and why your earliest decisions are your most important decisions. Also, I answer a listener email about what are some of options to make passive income.
On today's episode, I talk to Angjela about her current financial state and what decisions she should make. She recently graduated graduate school with a degree in Mechanical Engineering and zero student loan debt. She accepted a job working for Southwest Airlines but doesn't know what her next financial step should be. Luckily, we were able to create a plan before she got her first paycheck, so she can build her life and career around financial stability.
One of the listeners to the podcast emailed in and offered a few suggestions of topics to cover. First up: why is debt bad and how should you go about paying it off?
You may have noticed the past couple weeks have been light on the podcast. Why? Because I kept failing. Today, I talk about how I beat my funk and got back into the swing of things.
Michael Tindall joined the podcast again to talk about the basics of personal finance. This is a great place to start if you are looking to learn more about your first steps in managing your money.
In one of my most transparent interviews, John from ESI Money talks about why he retired at the age of 52 (and how he could have retired at 42). John talks about why your career is your number one and often times, most overlooked, asset and how he utilized the skills he acquired in his career to build lucrative side hustles. John truly is riding his own money wave and has even increased his net worth while in retirement by a 6-figure amount. Listen in and be sure to check out ESIMoney.com
I came across a statistic that only 24% of Millennials are financially literate. I wanted to see if I was too. 15 questions later, I think my mom would be proud. You can take the quiz too here.
This week, I sat down with three Millennials to talk about money: how they handle it, what are their goals, why are we so reserved about talking about money, and more. The talk is open, candid, and honest. Enjoy!
Last week, I was sitting at Starbucks doing work when a group of women walked in carrying fliers for an upcoming 4.01k race. I asked them what it was all about, and it turns out it is a walk/race to help raise money for the Boys and Girls Club of Oakland and Macomb Counties. The best part is, after the race the kids is "Wellabration" where kids get to learn about the power and importance of personal finance. I sat down with Alma Ko, Marketing and Engagement Coordinator at Cambridge Consulting, a sponsor of the event, to talk about the race.
My friend John sent me a financial article titled "25% of Millennials no longer having sex due to financial problems." Naturally, that peaked my interest. Can money really affect your sex life? It turns out the article was as clear cut as I thought it would be, but it did bring up an interesting point: it is harder to get by today than it was in the past. Having said that, I discuss some bold moves you can make today in order to set yourself up for a abundant financial future.
Adam Smith was on to something when he warned us to be aware of the relaxation of rules and how it can lead us to make bad decisions. The same is true when it comes to personal finance - keep your rules simple, black-and-white, and never deviate from them - and you should end up wealthy in the end.
Last week, Ride Your Money Wave turned 1! Whoo hoo! I took a moment to reflect on what the podcast has taught me and what common trends I hear in the stories of my guests as it relates to success. Also, my wife, Becky, joined me on the podcast to discuss all things money - her relationship with it, how we handle money in our relationship, and more.
Nick Apone went from working in his dad's restaurant to putting it all on the line to open and own his brick-and-mortar boutique wine shop, Old Woodward Cellar, located in the heart of downtown Birmingham, Michigan. Nick is a great example of what it takes to achieve the first step of a dream - hard work, sacrifice, and 15 years of grinding.
Anyone who has lived in Metro Detroit knows the impact Grey Ghost has had on the Detroit restaurant scene and community. Close to three years ago, the Vermiglio brothers took the leap and acted on their life's dream of opening a restaurant together. One of the many things that makes the restaurant so special is the division of labor - Dave is the "numbers guy" leaning heavily on his experience in the private equity space while his identical twin brother, John, is the chef. Against the industry odds, these guys have opened three restaurants in three years...and it doesn't look like they are stopping anytime soon.
Last month, the American government shut down, affecting the finances of 800,000 households. With the government up and running (for the time being), we can now take a look at how the shutdown affected the "average" American. While the survey sample is biased because they are all government workers, it does provide us some insight into the financial state of people. As it turns out, average isn't good.
Digg.com reported the median credit card debt by state. Michigan ranked in the middle, with $7382. While that is a trouble statistic, what is truly concerning is how long it would take to pay it off given you dedicate 15% of your income to it. In today's podcast, I give a few tips on how to avoid credit card debt.
On today's podcast, I talk about the six characteristics of wealth people as reported by Hillary Hoffower. You can read the article here. I gave myself a 5/6 characteristics. How many do you have?
Running a small business is difficult. You need to know a little about a lot of things (ok, more like a lot about a lot of things.) We think that if we have an idea and a website, the phone will start ringing off the hook. Wrong! Instead, you need to go out and sell. Whether you are selling yourself by building relationship or selling a product or service, being comfortable with selling is an important attribute to be successful. Chris Budnik talks about his life in sales and provides tips on how to start selling.
Failure is an always, everywhere possibility. We fear it, we avoid it, and we dread experiencing it. Ironically though, failure is a requirement to success. Today's podcast talks about how failure teaches us to succeed.
If you have turned on Netflix recently, you have seen Marie Kondo's Tidying Up is making quite the splash. She is an organization guru who turns houses and lives around. So we beg the question, what can her principles teach us about better handling our money?
Last week, sadly, it was reported 78% of Americans live paycheck to paycheck. That isn't living; that is existing. Here are four things everyone who plans on creating their own Money Wave needs in 2019.
Today, I answer a listener email asking, "How do you stay organized while working a 9-5, running a business, and all of the other things life brings?" (Ok, so that wasn't the exact question, but you get the gist.) My answer is super non-technological. Secondly, while it isn't what he asked, I explain my two best productivity hacks I know that allow me to work around 14 hours a day, 6 days a week, and not lose steam or enthusiasm.
Want to make $15,000 - $20,000 in two months? Sam Morrison did by utilizing a limited-time opportunity and his previous knowledge as a screen printer. Learn what three questions you should ask before starting any business.
Happy New Year! A new year, a new intro! In today's podcast, I talk a little bit about how my goals have changed over the year and how specifically, I got the core of one goal wrong - money. I also give you a tip about how to achieve your goals in 2019. Hint: it isn't the goal itself that matters, it is how you approach it.
Christopher Letts is a man who knows and understands money. He has built an acclaimed career and received numerous awards for his work and contributions to the fields of entrepreneurship and wealth management. In our podcast, we talked everything from leadership lessons to his lunch with Warren Buffett. If you like wine (and who doesn't?) be sure to listen all the way through the end where we talk about wine history.
In today's podcast, I summarize and review the book, "10 Distinctions Between Millionaires and Middle Class." Overall, it was a good book and a quick read. It reinforces principals that are common among millionaires. There are a few lines worth memorizing and remembering. If you are new to the mental game of money, this is a great place to start.
This conversation had me rethink my approach to marketing and how I allocate my marketing budget. Amy Wilczynski has spent the last twenty years working in PR, going from an entry level temp to the VP of the company. She now freelances and is busier than ever. In today's podcast, she shares with us the role of PR, how small businesses can stretch their marketing dollars farther with a PR representative, and the advice her boss told her that has shaped her career for the last twenty years.
Another Ride Your Money Wave Minute podcast, today I talk about showing up to your goals. After listening to a podcast with small business and social media guru Jasmine Star, she commented about how you have to "show up" to be successful. It is so easy and comforting to give (and believe) our own excuses. Instead, show up! Try. Fail. Adjust. Try again. With the average American's finances looking more and more bleak, it is so important to "show up" to your life, your finances, and your goals. Take control, plan, live differently, and achieve more.
Happy Thanksgiving everyone! What do nearly all wealthy people have in common? A sense of optimism and gratitude. In today's podcast, I explain the relationships between gratitude, opportunities, and success as well as why January 1st is one of my favorite days of the year.
Kelli Rapaske went from inviting friends over to her house to work out to having two (and soon to be three) brick and mortar locations for her full-service and highly sought after work out studio - The Lean Body. She is a total #BossLady who has developed a loyal and growing following by putting her clients first and creating an amazing culture and experience for clients. Learn how she stands out in a crowded marketplace while spending $0 on marketing and advertising.
Last week, in a discussion with someone, I came to the realization that in order to become wealthy, you have to have three things. All three are necessary - creating lasting wealth won't happen with just two out of the three AND one of them is much harder to accomplish than the other two. This realization helped me understand why so few people become wealthy and what I can do to create and maintain wealth.
On today's podcast, I sat down with Mohamad Farran to talk all things success and real estate. Mohamad frankly talks about growing up underprivileged, the invaluable lessons his mom taught him, and the financial mistakes he made in his early twenties. We later shifted to talk about his side hustle - selling real estate - and what advice he has for any buyer. He goes in depth, answering one of our podcast listener's question about buy on a land contract. This podcast got more philosophical than either of us planned, and that is a good thing. Hope you enjoy.
On this podcast, I sat down with Rachel Benefield, who built a loyal, online community of readers as she worked through her first book, Between the Vows. Ultimately, her manuscript was read over 50,000 times before she published her first book at the age of 23. Our conversation talks about what it takes to write a book, the value of offering your true voice and self, and how success attracts more success. Be sure to check out her book!
On today's podcast, I sit down with David Poytinger, founder and owner of three of Milwaukee's hottest attractions. 9 Below is a DIY mini golf course bar, where you build your own hole and play against other teams who built their own holes, with adult beverage in hand, of course. He and his wife, Marla, also started Axe Bar, an axe throwing bar. Lastly, they also own and operate Splash Studio, a painting studio where guests a guided by an instructor and paint a scene. David and Marla do this while also balancing family life with their two children. What is so interesting about this interview is David went from a German Literature major at Kalamazoo College to working at a holistic healing center to receiving his MBA to finally opening up these businesses. He credits their success largely to two things: learning how to negotiate and hard work and dedication. David offers up some great insight regarding negotiations as well as some memorable business one-liners that had me reaching for pen and paper.
Today, I sat down with Ryan Bowles, an alumnus of Grand Valley State University who went through two rejections and twelve rounds of interviews to get a job at Goldman Sachs in Chicago, where the acceptance rate is less than 3% of applicants. In this podcast, Ryan talks about everything from how he actively and effectively builds and maintains his network to interview techniques and body language tips. We talk about the role that reputation plays in success and creating opportunities for yourself. His level of success and insight into career-oriented success is incredible, especially seeing that he is only 22 years old. This one is definitely worth listening to and taking notes along the way.
Taylor Ingles and her husband Paul are $500k in student loan debt...and they aren't worried about it! Why? Between his career, her knowledge as an accountant, and her growing side hustle (www.tayloringlesphotography.pixieset.com) they have a plan to pay it down while still saving for retirement.
Powerball hit an all-time high of $1.6 billion dollars with no winner. Today, I asked my wife what she would do with that money? Before she could answer, I answered my own question! I used an extremely rough ball park of after-tax, lump sum of $400 million. The answers were insightful into how money changes or exemplifies what is there and how to go live your best life.
Austin Schafer is a self-proclaimed introvert. He dropped out of college, put his entire life savings into buying a utility truck, and started a company delivering and building high-end fitness equipment. He has grown the busines to multiple employees and is looking to start his next business venture. This show it full of insight regarding discipline, fitness, finances, and more.
I had a student ask me, "What advice would you give us?" My answer was blunt, honest, and accurate. Listen in to see what I said.
Today, I saw an advertisement for a mortgage company stating that they will lend you up to 99% of the value of the home. Read: 1% down. I just about cried. Last time I saw this was 2007. I explained to my students why this was a bad idea and why you need to understand the rules of the game before you step out onto the field.
While teaching my students this week, I thought of an analogy that is worth sharing. I ask you the question, "what type of sailor are you?"
This weekend, I got hit with a hefty bill that felt like a punch in the stomach. Luckily, after looking at some of my options, I realized that the reoccurring bill really won't affect my financial goals too much. Why? While the average Joe asks, "How am I going to pay this bill?" I asked the question "How can I make additional income to pay this bill?" In short, the answer was "By running a better business."
USA Today reported that the number of elders, aged 75 and older, with debt and declaring bankruptcy is up almost 20%. The statistics are scary: average debt - $36,757; percentage of families 75 years or older with debt - 49.8%; share of homeowners 65 years and older with mortgages - 41%. You want the autumn or even winter of your life to be spent riding your money wave (sorry, I had to plug it.) You want to be living off of the interest on your assets, not the $1,400 Social Security gives you and contemplating declaring bankruptcy. In today's podcast, I give you three things you can do to make sure you are enjoying the last years of your life financially.
Today, I sat down with Chris Ostrowski, CTO of Dutchie, an online cannabis distribution platform. Chris's story reads almost like a mash-up of Jeff Bezos and Bill Gates - fascinated at a young age by computers, he learned how to program in his youth with the help of very supportive parents. He later dropped out of Western Michigan University to start the first of three businesses with his business partner. These businesses exposed him to various markets, consulting, product launch, marketing, website design, and financial instruments. Now, he is the CTO of Dutchie, based out of Bend, Oregon. Chris describedDutchie as the "Amazon of cannabis." His insight into business, markets, and technology reads like an MBA course. What I found most interesting is the side lessons he learned along the way that has helped become so successful.
About a month ago, I sat down with Matt Liston of Gleba & Associates. (I have been busy with travelling for weddings and my own honeymoon.) He is an engineer by training, turned financial planner who is big on helping people achieve their financial and career goals. In addition to working with clients, he started a networking club for local business owners to help each other. In today's podcast, Matt talks about behavior, money, and investing.
His freshman year of college, Rich Lindberg got a job being a runner at the New York Stock Exchange. His job was to do anything and everything traders told him to do, including runnning buy and sell orders back and forth on the chaotic trading floor. Enchanted by the chaos, Rich knew he wanted to have a career in the stock market. He spents a few years as a trader on the floor, until the meltdown of 2008 happened. After, he returned to Detroit, where he worked next to the CEO and CFO of America's largest mortgage company until he left to become the CFO or a solar company startup. After turning that company around, he left and is now a data analyst, studying behavioral patterns...for all American households. In today's episode, Rich talks about his time on Wall Street, the influences his mathematically-inclined parents had on him, and how he is the laziest person you will meet, despite working 80+ hours per week. He talks specifically about how laziness is actually an asset when it comes to efficiency and how curiosity has opened career doors for him. Lastly, Rich is a self-proclaimed 90s trivia champion, which I test him on in a terribly unprepared segment of the show.
USA Today recently reported that 1 in 8 (almost 13%) of divorces are due to student loan debt. Yikes. Can we catch a break with anything, please? In today's episode, I talk about this as well as a few conversations and experiences I have had recently that sheds some insight in regards to financial decisions and the lasting impact they have on your wealth, options, and life.
Ten years ago, I was stressed out and felt like a zombie. I was teaching full-time, pursuing my Master's degree, and working as a Teaching Assistant to get my Master's paid for. I remember clicking "send" from my parent's computer one spring day and sending in my last paper. I sat, stunned, unsure of what to do with myself after this schedule dictated my life for two years. I literally cried, staring at the screen. I felt completely lost. I spent the summer trying to do things that I used to love, things to make me happy. I remembered how much I loved photography, so as a gift to myself for graduating graduate school, I bought a pricey camera (Nikon d200 with 18-200 VR lens for $2600!) Now, I needed to pay for it. I decided I would start a photography business. Ten years later (and 5 camera bodies later), that business has brought me on a journey I could never have imagined. Today marks the 10 year anniversary of starting that business. I decided to sit down and share some of my insights into what business has taught me, how to become successful, and what I hope to accomplish these next ten years.
Ok, so I didn't lose $52,000 but this woman did.She got swindled out of it by a con man who she dated for two years. The story is a total facepalm. It reminded me of a lunch meeting I had with a person who was about two notches above this guy who wanted me to buy into his system of making money and promised me that I could make 8-figured like him within 5 years. All I needed to do was invite three friends to a meeting, and when they invited three friends...you know how this scheme goes. So, what can we learn from this? Rule #1 of Money: No once cares about your money more than you do.
I know what you are thinking, "Where have you been?" Short answer: working. A ton. I talk a little bit about my absence in the opening of today's podcast, but more importantly, I talk about this article from Business Insider that looks at three different types of millionaires. Two of them, the saver-investor and vistuoso play right into the mantra of a Money Wave rider. So the question is, what type of millionaire are you?
Student loan debt is a huge problem for many Americans, which begs the question, "Is college worth it?" I sat down with Chancellor Provezano of Oakland Community College to explore the options that face today's students. He provides listeners with some great insights, especially his own success motto, "Find a passion. Find a pathway."
Earlier in the week, I was asked to speak on a panel regarding passive and diversified income. Here, I highlight one of the main takeaways from the discussion. Also, Build-A-Bear missed a major opportunity to create thousands of happy and loyal customers. What can we learn from their recent fiasco? Lastly, I am going to ask for your help - please visit my website and click on the Amazon box before buying anything on Amazon. Why? Because it helps be invest more into this podcast :)
In Part 2 of my collaboration with Jibran from Jib's podcast, I sat down and interviewed Jibran Ahmed of Resurge Detroit. He has his hands in many pots, from launching an online course on how to crowdsource your passion project to starting a sustainable farm in Detroit to launching a business incubator in the city as well.
A few weeks ago, I was introduced and grabbed a coffee with Jibran Ahmed, a local podcaster who started and runs a nonprofit in Detroit. We decided to collaborate and be on each other's podcast. Part 1 of our collaboration is Jibran interviewing me about Ride Your Money Wave. Be sure to tune into Part 2 to hear how Jibran plans on bringing a business incubator to Detroit and what he has already done to help veterans in the city.
When I heard Angie Nelson was coming into town from her home in Maui, I knew I had to book her for this podcast. Angie is a Michigan native who relocated to Maui and runs two businesses - Angela Nelson Photography and Engaged on Maui. Angela Nelson Photography specializes in weddings and portraits while Engaged on Maui offers expert advice in helping people plan their proposals and photographic coverage of the event on Maui. In this podcast, Angie and I share stories and insights into running any creative business. Angie provides insight in running two businesses with two different business models - Angela Nelson Photography is a boutique model while Engaged on Maui is scalable. She also talks about her favorite business book - E Myth - and how she knew it was time to hire her first employee.
A new survey came out stating that 53% of Millennials plan on becoming millionaires within their life time. Good news: Millennials are some of the best savers. Bad news: only 5% of Amercians are millionaires. So what can you do to be part of that 5%? Listen to my simply strategy and make it happen.
I finally have some time to dedicate more to the podcast and share with you some of the articles I have read and earmarked. In today's episode, I came across two articles by Inc.com - the first talks about the percent of Americans who would need an inheritance to become financially stable, the second examines nine secrets of the wealthy. Guess what, they aren't secrets! In fact, they are things we have talked about on this podcast several times. So if they aren't secrets, then why aren't we implementing them into our lives?
Right off the bat, Bill and I had a ton of stuff to talk about and covered many bases in this podcast. Bill is a master salesman who set record sales at several of the jobs he held. Now, he works for a Fortune 6 company and develops his team both personally and professionally. Bill and I reconnected when I came across a LinkedIn article he wrote; his first LinkedIn article to be exact. I felt like it was written by a veteran in the industry and left inspired and reflecting about his message and how I could apply it to myself. Together, Bill and I talked about everything from behaviors and their role in wealth and success, how to nail a job interview, what should be on your resume, the role our wives play in our success, how being openminded leads to opportunities and career advancement, and more. Bill also explains his mantra, "Always Be of Service" and how that has helped him succeed in his career and develop as a leader. If you aren't on LinkedIn, you can connect with Bill at BillSicheneder@yahoo.com.
In this second part of our interview with Dave Loria, we talk about some of the financial challenges Millennials face, particulalry trying to balance their financial responsibilities or student loan debt, saving for life events like a first house, as well as saving for retirement. We address questions like "Is the system rigged?" and "If so, what can be done to get ahead in that type of system?" We all face financial challenges; together, we provide some actionable steps and mental approaches in order to overcome these challenges and find financial success.
Dave Loria is a 25-year old entrepreneur who talks openly and candidly about his failed businesses (one which almost burnt his parents' house down) and how it lead him to launch his led generation business, Pilot Digital. There, he uses agile marketing techniques to test various platforms and campaigns to see what works best for his clients, thus increasing their ROI (return on investment) for every marketing dollar spent. Dave is a treasure trove of insight and information. He talks about why he decided to leave college, how to capitalize on trends, the role of trends in the marketplace, and how to know when to pivot your business. Be sure to check out Part Two of this podcast where we talk more about personal finance of millennials and the challenges younger generations face financially and in their careers.
Michael Tindall from Hilltop Investment Counsel joined us for this episode. In it, he dives deeper into the world of finance and talks about his journey towards becoming a Chartered Financial Analyst, which he is currently studying for and the role and importance of fiduciary standards. What does that mean? There is some gray area there, but it is a rule that states your financial advisor must do what is in your best interest. He also talks about the difference of fee-only and fee-based advisors, and which one is right for you.