Your Optimal Personal Economy PODCAST: Recent Episodes
Justin Bennett
Your Optimal Personal Economy (YOPE) is not solely based on your investment rate of return. It's your ability to protect, save, grow, distribute, enjoy and transfer. It's your ability along the journey to seek fulfillment in all domains of life, not just money.
Many employees currently struggle when it comes to their future financial well-being, so how can we as business owners ensure our employees are achieving their financial goals while maintaining and producing a productive environment in our workplace?
In this episode, Justin Bennett introduces various ways business owners can assist their employees on their path towards their own future financial well-being, as well as how to overcome obstacles that hinder them from achieving their most optimal outcomes.
Justin discusses:
- How to create a formula or strategy based on effectiveness of what your organization does and how it will benefit your employees
- How to solve the challenges of filling the void of finding good quality employees
- The benefits of developing and designing optimal retirement accounts
- The importance of filtering out the barriers to effective communication
- And more
Resources:
- Understanding Your Optimal Personal Economy
- How To Empower The Present Value of Future Earnings For Optimal Planning
Connect With Justin Bennett:
- (732) 897-4096
- Bennett Financial Group
- Justin Bennett
2021-123994
Exp 7/2023
It's important to acknowledge and prioritize your personal and professional development by giving back to yourself so that you can wake up every morning feeling empowered, selfless and guilt-free.
In this episode, Justin Bennett sits down with Joseph Greco, founder and president of Palio, Inc, a brand that focuses on growth, achievement, and performance beyond a client's comfort zone. Together, they address the importance of putting yourself first in order to produce the best outcome possible!
In this episode, you’ll learn:
- The difference between selfish and selfless
- The five fundamental areas that lead to success
- Tips on staying grounded to your overall plan when it comes to equity markets and sensationalism
- How to develop discipline and routine when managing everyday life
- And more!
Tune in now to learn about self-improvement in both your personal and professional life.
2021-120680
Exp 5/2023
Everyone encounters failure, but the most successful people look at failure as an opportunity to grow and develop.
In this episode, Justin Bennett connects with guest Frank Luna, a National Guardsman and accomplished public relations professional, about the idea of failure, discipline, wealth-building, and fitness!
We discuss:
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How Frank Luna’s experience in the Army National Guard shaped him
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How you see the world as it relates to your body, fitness and mindset
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The idea of failure and how to embrace it
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How you can develop the wealth-building mindset and discipline
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And more
Tune in now to uncover how failure can actually lead you to spectacular success.
Resources: Bennett Financial Group: (732) 897-4096 | Justin Bennett | Frank Luna
2021-120723
Exp 5/2023
Take a minute and look at the way you are living your life right now—is your health your number one priority?
If not, here's why it should be!
In this episode, Justin Bennett is joined by one of the highest performing endurance athletes and successful gym owners in the state of New Jersey, Mark Neilan. Mark shares his fitness journey, tips on how to overcome hurdles, and his perspective on how to run a successful business with a healthy and fulfilling mindset.
You’ll learn:
- Mark’s commitment and passion to fitness
- How to keep going when you feel like giving up
- The importance of aligning yourself with like-minded people and supporting one another
- What it means for Mark to be a business owner, along being an endurance athlete
- And more!
Tune in now to learn more about Mark Neilan and his commitment to the fitness business!
Resources: Bennett Financial Group: (732) 897-4096 | Justin Bennett | Excel Fitness Center: (908) 696-8418 | Excel Fitness Center Instagram
2021-117930 Exp 03/2023
Success is something we all yearn to achieve, but do you have what it takes to become successful in your optimal personal economy?
Join Justin Bennett as he speaks with Andy McOrmond, the managing director at WallachBeth, as they define the meaning of success and what it takes to achieve it through ideal characteristics and life experiences.
In this episode, you’ll learn:
- The mindset that helped Andy McOrmond become successful
- The significance of building authentic and genuine long-term relationships
- How to work through pockets of turbulence both personally and professionally
- The importance of practicing empathy and letting go of your ego
- The power of gratitude, intention, and trust
- And more!
Tune in now to learn how you can become successful in your optimal personal economy!
Resources: Bennett Financial Group: (732) 897-4096 | Justin Bennett | Andy McOrmond | WallachBeth
2021-117908 Exp. 3/23
Living a successful life starts with one simple question: What’s important to you professionally and personally, that you wish to accomplish in the next 12 months?
Join Justin Bennett as he helps you think about your goals, aspirations and purpose inside the next 12 months and how you can truly devote the time to the things that are important to you. He shares real life client examples and advice on reaching your true potential.
In this episode, you’ll learn:
- The importance of gaining visibility on the goals you wish to accomplish within the next 12 months
- The significance of creating your planning objective
- Why people are often afraid of commitment
- The power of spending time with like-minded people
- And more!
Tune in now to discover how you can begin accomplishing your goals with just one simple question!
Resources: Bennett Financial Group: (732) 897-4096 | Justin Bennett
2021-116347 Exp 2/2023
Are you getting caught up in the stock market frenzy? Here's what you should know!
In this episode, Justin Bennett shares his insights on the stock market frenzy and explains the impact of short-term emotions that has investors, like you, to make snap investment and financial decisions!
In this episode, you’ll learn:
- How emotions impact financial decisions
- The unpredictability of the stock market
- Why you should control investor behavior
- The correlation between investments and decision-making
- And more!
Tune in now to discover what Justin Bennett has to say about the stock market frenzy!
Resources: Bennett Financial Group: (732) 897-4096 | Justin Bennett
2021-116056 Exp 2/2023
When it comes to building a successful business, consistency in the value of the relationship built between financial professional and client is absolutely critical.
In this episode, Justin Bennett is joined again by Aric Johnson, a marketing consultant who works with a number of financial professionals all over the country. Together, they cover the three reasons why Justin created his digital ecosystem, and the importance of it when it comes to the success of Bennett Financial.
In this episode, you’ll learn:
- Why it is crucial that clients receive relevant and valuable ongoing information about the work that you do
- Why it is important to make sure you’re readily available to clients
- How to build valuable long-term relationships with clients
- How to stay consistent with your social media and other digital platforms
- And more!
Tune in to learn more about the digital ecosystem that Justin has built at Bennett Financial Group!
Resources: Bennett Financial Group: (732) 897-4096 | Bennett Financial Group Facebook Page
2020-113019
Exp 12/2022
There are multiple products that will take you on very different financial journeys. It’s important to find the product that meets your expectations, and fulfills a strategy for you, your family, your business and your future.
In this episode, Justin Bennett shares an educational view on how to look at your financial decisions. He shares a common theme that he has noticed throughout many conversations with clients, discusses what those conversations typically look like and what the client learned throughout the process.
In this episode you’ll learn:
- The importance of understanding your financial decisions
- Why clients should decide on a financial product that is in line with their expectations and goals
- Why it is crucial to learn about different financial products and the consequences that come along with them
- And more!
Tune in now to learn more about your financial decisions based on the products engineered and distributed by the financial services industry
Resources: Bennett Financial Group: (732) 897-4096 | Bennett Financial Group Facebook Page
2021-116515 Exp. 2/23
Although 2020 was a shared, global experience, many people across the world experienced things differently. How has 2020 been for you?
In this episode, Justin Bennett is joined by Aric Johnson, a marketing consultant who works with a number of financial professionals all over the country. Together, Justin and Aric go back in time to revisit, recap and reflect on the year 2020 to gain a better understanding of our behaviors during this unprecedented time.
In this episode, you’ll learn:
- The top three questions clients have asked during this unprecedented time
- How to stay positive and build a strong mentality in knowing you can't control various aspects of life
- How to understand the application in decision making
- And more!
Join us as we take a step back and reflect into our journey together in the year of 2020.
Resources: Bennett Financial Group: (732) 897-4096 | Bennett Financial Group Facebook Page
2020-113010
Exp 12/2022
Justin Bennett isn’t a fan of when financial professionals tell people what they should and shouldn’t be doing with their finances. Rather than telling you what to do, Justin believes in showing you what’s possible.
Today, Justin unpacks why he strongly believes that it’s not the financial professional’s responsibility to tell clients what to do with their money. He also explains how his team helps clients discover what’s possible with their protection and wealth-building so they can make a confident decision.
In this episode you’ll learn:
- Why Bennet Financial will never tell a client that they need to stop spending money on their lifestyle
- A rare look at Justin’s process for helping clients discover their protection and wealth-building possibilities
- An example of how Justin shows clients what their life could look like if they save new money at an optimal savings rate
- And more!
Tune in now to learn why Bennett Financial won’t tell you what to do with your money –– and what approach they take instead!
Resources: Bennett Financial Group: (732) 897-4096 | Bennett Financial Group Facebook Page
2020-112656 Exp. 11/22
The pandemic has obviously altered our day-to-day lives, both personally and professionally.
But the way Justin Bennett sees it: You can either let COVID-19 control you –– or you can control yourself in relation to COVID-19.
Today, Justin shares why he believes these are the only options we have for maintaining our mental and physical health in the midst of this pandemic. He also reveals what routine he refuses to let go of right now, despite some major obstacles.
In this episode, you’ll learn:
- What mindset has kept Justin from falling off the fitness wagon during a time when it would have been easy to quit
- What actions Justin has taken to stay fit during COVID-19
- How working around an injury is similar to controlling what you can during COVID-19
- And more!
Tune in for Justin’s advice on how to control what you can during this pandemic!
Resources: Bennett Financial Group: (732) 897-4096 | Bennett Financial Group Facebook Page
2020-111202 Exp. 10/2022
If you're performing at the top of your game, it's important to give back from a place of abundance versus scarcity –– especially to people inside your own industry.
Today, Justin Bennett talks about why he accepted the invitation to present in front of a competing firm. He reveals what lesson he shared with them and why he encourages top performers to give back within their own industry.
In this episode, you’ll learn:
- An example of what kind of topic you can present to professionals who do similar work as you
- What it does and doesn’t mean to give back from a place of abundance
- How you can benefit professionally from teaching other industry professionals
- Why giving back within the industry rises the tide for you, your clients, and other professionals
- And more!
Tune in now to get inspired to give back with abundance!
Resources: Bennett Financial Group: (732) 897-4096 | Bennett Financial Group Facebook Page
2020-111058 Exp 10/2022
No one knows what will happen in the 2020 U.S. presidential election. That's why it's critical to make sure your perspective is properly aligned.
To help you properly position your plan now and going forward, Justin Bennett uncovers how the market has historically reacted to presidential elections over the long term
In this episode, you’ll learn:
- Whether long-term stock performance differs depending on which presidential party is in office
- What the average annual return of U.S. stocks is during an election year
- How much money has floated into cash during the 2020 election year –– and what questions this number poses for our economy, post-election
- How market performance has historically differed for incumbent vs. newly elected presidents
- What to keep in mind, from a long-term perspective, regardless of the election outcome
- And more!
Tune in now for advice on how to properly position your plan as we prepare for the 2020 election.
Resources: Bennett Financial Group: (732) 897-4096 | Bennett Financial Group Facebook Page
Have you ever stumbled upon an article with a misleading headline? Has a headline ever scared or startled you?
Language has the power to move people. That’s why Justin Bennett wants to help you think critically about the words you’re exposed to, especially in the context of financial strategies.
Today, Justin discusses the prevalence of misused language when it comes to financial strategies and how educating yourself can protect you from falling into common traps.
In this episode, you’ll learn:
- Ways that language can be misleading through the ears of a consumer
- How words can be used out of context
- Why you should understand the language being used before making financial decisions
- Why negative connotation sells
- And more!
Listen now to become more aware of financial language that’s designed to create hype!
Resources: Bennett Financial Group | Bennett Financial Group Facebook Page
2020-109435 Exp. 10/22
Do you enjoy what you do? Does it provide you with a sense of purpose and fulfillment?
Do you enjoy what you do? Does it provide you with a sense of purpose and fulfillment?
Today, Justin Bennett highlights the value of placing a high-level of commitment into your craft using strategies like peer advisory groups. He provides an in-depth picture of his experience with cultivating his craft and shares how learning from others can help you bring value to your business.
In this episode, you’ll learn:
- How to enhance your skills with constructive criticism
- Ways that participating in national organizations can help you to better serve your clients
- The benefits of attending training sessions
- How Bennett Financial builds long-term relationships with clients
- And more!
Tune in now to learn how Justin Bennett stays committed to his craft — and how you can, too!
Resources: Bennett Financial Group | Bennett Financial Group Facebook Page
2020-108367 Exp. 9/22
High-performing professionals who earn high income levels gravitate towards four planning principles.
Today, Justin Bennett uncovers the planning moves that high income-earning professionals commonly make and benefit from. These professionals are usually at an extremely high level in their profession and may include business owners, high-level sales professionals, and high-level executive managers. This episode will take you inside Justin’s newest white paper, “How To Empower the Present Value of Future Earnings for Optimal Planning.”
In this episode, you’ll learn:
- What qualities high-performing professionals look for in a financial professional
- Why having 'discipline wins championships' philosophy can help you shift into a phase of life where you can have your assets produce your income
- Why people that are earning a high income tend to love liquidity
- Why Justin recommends starting to plan for your future today
- And more!
Tune in now to hear the moves that high performers make to optimize their personal economy.
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page | Free White Paper: How To Empower the Present Value of Future Earnings for Optimal Planning
2020-108366 Exp. 9/22
Do you feel like you should be able to create and monitor your own financial plan? This is a feeling that many high-performing business owners and professional may experience.
However, is it possible that your DIY plan is only suboptimal?
Today, Justin Bennett shares the story of a new client relationship. This client is a high-income earner whose life was becoming so complex that he started to question whether he should keep calling all the shots with his finances. In this story, you will hear how Justin walked this client through an understanding of how he was feeling, helped him optimize his personal economy, and helped him feel comfortable when he was getting overwhelmed.
In this episode, you’ll learn:
- What it takes for people to accept that it’s time to work with a professional
- Common issues with DIY approach
- Insights into how Justin helped this client optimize his personal economy
- How Justin helped this client feel comfortable during their onboarding process
- And more!
Tune in now to consider whether it’s time to stop DIYing your financial plan.
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
If you were interested in a planning strategy that involved a specialized topic, like Social Security, what lengths would your financial professional go to in order to help you make an optimal decision?
In this episode, Justin Bennett walks you through a planning case study. You will explore the case of a longtime, high-performing client and how Justin approached his question.
In this episode, you’ll learn:
- What Justin considered when helping his client arrive at a decision
- Justin’s philosophy on using outside professionals for expertise in specialized topics
- And more!
Listen now to hear a case study that demonstrates what steps Bennett Financial takes to help his clients.
Resources: Bennett Financial Group | Bennett Financial Group Facebook Page | Justin Bennett on LinkedIn
2020-104984 Exp 07/22
Do you have a planning quarterback who is dedicated to helping you optimize your personal economy?
In this episode, Justin Bennett is joined once again by David Bachstetter to discuss how David could add value to your planning and what’s important to you, your family and your business. David additionally uncovers three pillars of success that could add value to your personal economy.
In this episode, you’ll learn:
- The benefits of having your own planning quarterback
- The similarities between managing risk for companies and individuals
- Why it’s beneficial to work with a financial professional who will speak up during the process
- Three traits retirees want their plans to have
- And more!
Listen now to hear how David Bachstetter’s experiences in corporate finance can add value to your personal economy!
Resources: Bennett Financial Group | Bennett Financial Group Facebook Page | Justin Bennett on LinkedIn | David Bachstetter on LinkedIn
2020-104983 Exp 07/22
If you felt like something was missing from your career, would you make the jump into a more fulfilling profession?
Today, Justin Bennett talks to someone who has done just this — Bennett Financial’s newest member, David Bachstetter. Together, they unpack David’s robust experience in the financial services industry and what sparked him to transition into the comprehensive planning world.
In this episode, you’ll learn:
- Where David used to work and what he learned from his experiences
- What critical element was missing from his career
- What made David realize that he wanted to become a financial planner
- Why David sought out help with his own planning
- And more!
Listen now to meet David Bechstetter, the newest member of Bennett Financial!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2020-104348
Exp 6/2022
Did you know that investments are only one piece of an optimal plan? Having the proper planning in place will allow your investments to do their job.
In this episode, Justin Bennett is joined by Shane Rogers, the Director of Investments at Bennett Financial. Together, they discuss the pitfalls of DIY investing, the benefits of working with a financial professional, and how to let your investment portfolio do what it’s supposed to –- instead of clinging to a short-term view.
In this episode, you’ll learn:
- How investment management has evolved over the past 20 years
- Common opportunities that DIY investors overlook
- Which resources are available to people who work with an investment manager
- Why investments are only one piece of an optimal plan
- Which planning must exist to allow your investment portfolio to do its job
- And more!
Listen now and learn how to optimize your investments to achieve your optimal outcome!
Resources:
Bennett Financial Group - Website | Bennett Financial Group Facebook Page | Video about long-term investments
2020-104272 Exp 6/2022
Have you ever considered giving up in the middle of a challenge, despite having worked tirelessly to prepare for it? You might have even started rehearsing the reasons you would give your friends and family for quitting.
Justin Bennett has been there, too.
Today, Justin talks about how he pushed himself to complete his second 100-mile race, despite having dark thoughts about tapping out. You won’t want to miss this episode, as Justin speaks candidly about his race experience and how it relates to life in general.
In this episode, you’ll learn:
- What it was like to run through the Antelope Canyon and Horseshoe Bend of the Colorado River
- How Justin worked through his internal struggles during the race
- Justin’s recommendations on how to respond to life’s unexpected events
- And more!
Listen now to hear how Justin pushed through dark moments to ultimately cross the finish line.
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page | Antelope Canyon Ultra Marathons
Is your balance sheet positioned to withstand life’s curveballs, like the current COVID-19 pandemic? Do you know what financial actions to focus on right now?
In this special episode, Justin Bennett shares his recommendations for planning items to focus on so you can stay the course with your plan. Justin also discusses the features of a protection-first planning approach that is designed to get you through unplanned life events — no matter how disruptive they are or how long they last.
In this episode, you’ll learn:
- What a protection-first approach to planning looks like
- What changes to make with your level of protection if your net worth grows
- Three planning items to focus on during unexpected life events
- And more!
Tune in now to learn what to focus on to maintain a strong personal economy that can withstand unexpected events!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2020-99417 Exp. 4/22
In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we feel consumers should take during this time of uncertainty.
Tune in now to learn how the marketplace is being affected and what we’re doing to help clients during this tumultuous time.
2020-99498
Exp: 4/2022
Are you saving your money that’s earmarked for the future in assets that are taxed differently??
In this episode, Justin Bennett explains the purpose of saving money in three silos: taxable accounts, tax-deferred accounts, and tax-free accounts. You will learn about the features of each account and why they each play a critical role in your optimal personal economy.
In this episode, you’ll learn:
- Which portion of a non-retirement investment account becomes taxable
- Examples of tax-deferred silos and how they differ from their taxable and tax-free counterparts
- How to take out 100% of your life insurance’s cash value without incurring a tax liability
- How many silos to include in your plan
- And more!
Listen now to learn about the three silos that Justin recommends for your growth money!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2020-95322 Exp 3/2022
Do you believe that getting a substantial raise is the only way to save more money?
Today, Justin Bennett explains why it’s possible to save more money at your current income with six common, but often overlooked, cashflow-triggering events. In this episode, Justin walks you through each event and tells you how to direct the new money onto your balance sheet.
In this episode, you’ll learn:
- How often your cashflow-triggering events might happen
- How to plan for these events and direct new money onto your balance sheet
- Which cashflow event tacks new money onto your paycheck
- Which cashflow event business owners should be aware of
- And more!
Join Justin now to learn about six cashflow-triggering events that can generate new money for you to save!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2020-95320 Exp. 3/22
Most people don’t have a good understanding of what financial professionals do. This lack of understanding leads them to have disjointed financial plans that can cause more stress in different domains of their lives.
In this episode, Justin Bennett helps you better understand the role of financial professionals and speaks to the importance of working with a planner who will focus on your entire financial picture. This is your walkthrough of Bennett Financial Group’s planning philosophy, which is one that sets them apart from other planners.
In this episode, you’ll learn:
- What your personal economy consists of and why all the pieces must work together
- How to know if a planner is truly a “comprehensive planner”
- Justin’s answers to these questions: “How are you different?” “How can you produce value for me, my family, and my business?”
- And more!
2020-94788
Exp 2/2022
Let’s say you wanted to purchase a second property as an investment or for your family to enjoy — or both. How would you get the proper capital for a down payment without disrupting your planning?
In this episode, Justin Bennett shares the story of how he helped a long-time client with his planning resulting in him doing what he wanted to do. This conversation highlights the power of having options, and the opportunities that can come from using the cash value built up inside of a life insurance policy.
In this episode, you’ll learn:
- How this solution was efficient (e.g. making sure the client wouldn’t be subject to taxation)
- An outline of this strategy, including the numerous benefits to the client
- Why the client chose this strategy over other options for getting capital
- Whether the cash value will continue to grow within the policy in the meantime
- And more!
Tune in now to hear an example of why cash value can be an effective capital source to lean on.
2020-93252
Exp 1/2022
Are you making an effort to surround yourself with like-minded people?
In this episode, Justin Bennett talks about his decision to be intentional about building friendships with people who are similar to him. Today’s conversation is one that emphasizes the benefits of finding and nurturing connections with like-minded people.
In this episode, you’ll learn:
- Examples of where you might meet your community of like-minded people
- Ways to stay in touch with new friends
- Words of advice about how to approach new friendships
- The benefits of spending time with people who are similar to you
- And more!
Tune in now to discover what can happen when you surround yourself with like-minded people!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
Chicken noodle soup and your personal economy have a lot in common.
In this episode, Justin Bennett uncovers a different way to think about your approach to planning. Instead of making isolated decisions about the many moving parts of your financial life, Justin recommends that you view your personal economy as a whole — just like a bowl of chicken noodle soup.
In this episode, you’ll learn:
- Why making one planning decision without considering of the other moving parts is a flawed approach
- A common planning challenge for the average busy professional
- Why your personal economy is a lot like chicken noodle soup
- What approach leads to an effective and efficient personal economy
- And more!
Tune in now to find out why your personal economy is a lot like chicken noodle soup!
2019-91583
Exp 12/2021
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
Do you feel like you’re constantly being sold to by people in financial services?
Today, Justin Bennett discusses why the sales-centric ways of the financial services industry need to end. This is a candid discussion that uncovers the flaws of this industry and what Justin is doing to keep service at the forefront, even if it means being an outlier.
In this episode, you’ll learn:
- What financial professionals overlook when they prioritize sales over service
- How having a focus on service creates introductions
- What could happen if the financial industry were to become service-focused
- Why this industry has a high turnover ratio
- And more!
Tune in now to hear an inside take on why people in financial services need to give their approach to client relationships an overhaul!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-90338
Exp 11/2021
At what point would you consider someone to be rich?
In this episode, Justin Bennett shares a conversation he had with his 8-year-old son about what it means to be rich, and what happened when he asked his son to use non-money identifiers to pinpoint wealth.
In this episode, you’ll learn:
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An example of how to initiate an age-appropriate conversation with kids that can help broaden their perspective on what it means to be rich
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Words of advice about giving children the freedom to form their own perspectives
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Why Justin encourages clients to think critically about their planning decisions
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And more!
Tune in now to learn how Justin’s conversation with his son about the definition of “rich” unfolded.
2022-136592
Exp 4/2024
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
If you’re like Justin Bennett’s clients, you want your kids to not only be responsible stewards of money but to also be instrumental in passing down values for generations to come.
Today, Justin explains how he approaches values-based conversations about transferring wealth to the next generation. Listen in as Justin walks you through this important conversation, turning the typical definition of “wealth” on its head while showing you how to start talking to your family about stewardship.
In this episode, you’ll learn:
- What tends to happen in families who don’t talk about stewardship
- How Justin defines “wealth” and “money” and how these definitions tie into the stewardship conversation
- What concerns people most about having these conversations with family
- Words of advice for initiating a conversation about stewardship
- And more!
Tune in now to discover a new way to think about stewardship conversations!
2019-89716
Exp 11/2021
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
What if you could make a decision today that would allow you to win over your short-term and long-term planning?
In this episode, Justin Bennett emphasizes how acting early can pay off in the future. You will hear stories about the decisions that high-performing clients have made now to help them live optimally later.
In this episode, you’ll learn:
- How a real estate investor built up cash value and protection when Justin put an intermediary step in place
- Why people who boost their savings as their income increases won’t feel like they’re “missing” that money
- The benefits of acting now to plan for your future
- What the downsides are to being reactive
- And more!
Join Justin now and discover the advantages of planning for your future now!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-89393
Exp 11/2021
Have you ever been so completely immersed in an activity that time seemed to not exist? This experience, sometimes referred to as being “in the zone,” is also known as being in a flow state.
In this episode, Justin Bennett walks you through his own experience with being in a flow state during an extreme endurance event called 29029 Everesting out in Utah. This challenge called on participants to climb 29,029 feet — the equivalent of Mount Everest — testing every ounce of willpower along the way.
In this episode, you’ll learn:
- About an inside perspective of the 29029 Utah challenge
- How Justin knew he had entered a flow state
- What it feels like to be in a flow state
- Examples of when you may be called to overcome a dark point
- And more!
Tune in now to hear about Justin’s experience and to consider how you can find your own state of flow!
2019-87497
Exp 10/2021
Do you ever find yourself forming opinions based on someone else’s experience? Everyone has done this at some point. But what if you’re missing out on experiences and tools that can enrich your life, all because you’re borrowing another person’s experience?
In this episode, Justin Bennett elaborates on the incomparable value of firsthand experience and urges you to encounter the unknown for yourself. This is a rich conversation about the power of self-discovery.
In this episode, you’ll learn:
- How internalizing other people’s experiences can cause us to miss out
- How preconceived notions can affect your planning decisions
- Why self-discovery is a powerful approach to decision making
- And more!
Listen in now and learn why your firsthand experience matters more than you may realize!
2019-87398
Exp 10/2021
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
When it comes to your investments and insurance, you can either transfer or assume the risk, but how do you know which option is best for you?
Today, Justin Bennett talks about the decision-making process between transferring versus assuming risk, and what you need to take into consideration when making your decision.
In this episode, you’ll learn:
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Why planning around risk shouldn’t be done in a vacuum
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An example of when someone would have to decide whether to assume or transfer risk
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How transferring risk also applies to investments
-
How business owners can decide to assume or transfer risk with their profit
-
And more
Listen now to learn more about the difference between transferring and assuming risk with
2019-84284
Exp 8/2021
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
Just like humans, the market and the financial industry are constantly evolving.
How are you keeping up?
Today, Justin Bennett highlights the importance of making the right planning changes that are appropriate for the times, and what it means to make changes for the right reasons.
In this episode, you’ll learn:
- How the marketplace is different now compared to 10 years ago
- How Bennett Financial addresses changing times with clients
- Examples of some of the wrong reasons to change your planning
- The right reasons for change
- And more!
Join Justin now for another thought-provoking episode on how your planning should be changing along with the times — as long as it’s for the right reasons.
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-84280
Exp 8/2021
Should you spend money on that new car, that new pair of shoes, or that vacation just because you can?
We ask this question with zero judgment. Justin Bennett knows that high earners can struggle with balance and fall into spending patterns that lack purpose and never results in happiness.
Today, Justin explores what can happen when you ask yourself, “Just because I can, should I?”
In this episode, you’ll learn:
- A growing trend among Justin’s clients that’s proving to be contagious
- What often leads people to spend money just because they can
- How people end up being affected by their constant desire for more
- Justin’s recommendation for testing a new approach to spending
- About the true philosophy behind “different paradigm, different results”
- And more!
Listen now and explore this question with Justin: “Just because I can, should I?”
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-84044
Exp 8/2021
Did you know that your money behaves differently in the distribution phase compared to the accumulation phase?
Get a full understanding of what happens with your money when you’re in the distribution phase, otherwise known as retirement, by tuning in to this episode with Justin Bennett! Justin breaks down the differences between accumulation versus distribution and uncovers the five oft-overlooked categories of how money behaves during the distribution phase.
In this episode, you’ll learn:
- How your financial response to being injured or sick would change in the distribution phase
- Why volatility is not your friend during the distribution phase
- The five big ways money behaves differently during retirement
- How you can benefit from knowing these categories before you reach your distribution phase
- And more!
Tune in now and learn how your money’s behavior will change once you hit your distribution phase!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-84034
Exp 8/2021
Business owners....don’t wait until after you’ve sold your business to think about softening your tax burden. Get proactive.
Today, Justin Bennett shares his words of advice for business owners who expect to have a large capital gain from the sale of their business. He explains how proactive planning can be done to spread out your tax liability over a long period of time. However, the key is to start planning now — not after you sell your business.
In this episode, you’ll learn:
- What kind of planning the Internal Revenue Service allows for around tax liabilities
- Why Justin recommends that business owners take a proactive approach to softening the tax burden
- What steps the Bennett Financial team takes when the sale is pending
- And more!
Listen now and consider how you could soften the tax impact on your wealth!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-81727
Exp 6/2021
How do healthy living and optimal planning intersect? You’re about to find out.
In this episode, Justin Bennett explains how fundamental elements of health and comprehensive planning aren’t so different after all. When it comes to both health and planning practices, Justin outlines that people should have discipline, take action, and continue to work on both over their lifetime to achieve optimal results.
In this episode, you’ll learn:
- Which health principles Justin recommends following
- What all-encompassing planning actually involves
- The similarities between healthy living and optimal planning
- And more!
Tune in now to learn a new way to think about your health and planning.
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-81719
Exp 6/2021
Most people save new money into retirement accounts like 401(k)s or IRAs. But Justin Bennett wants you to know that there are actually two 'flavors' of investment accounts to choose from: retirement accounts and non-retirement accounts.
In this episode, Justin explains how both flavors of investment accounts, along with life insurance, can work very well together to make the most out of your investments.
In this episode, you’ll learn:
- Advantages that are exclusive to non-retirement investment accounts
- Examples of beneficial planning that can be done when someone has money in a non-retirement investment account
- Justin’s recommended order for acquiring protection and investing in the two flavors of investment accounts
- How a non-retirement account can be used as collateral
- And more!
Tune in now and learn about the planning opportunities that insurance and the two flavors of investment accounts can bring to the table.
2019-79965
Exp 5/2021
Are you working with a team that takes a comprehensive and empathetic approach to planning?
Today, Justin Bennett highlights what exactly the planning process looks like when it encompasses all areas of your personal financial economy. Justin’s focus on enhancing empathy and building meaningful client relationships is sure to change how you feel about the planning process.
In this episode, you’ll learn:
- How working with a comprehensive planning firm differs from working with a professional who focuses on one particular area
- Why Justin Bennett chose to build a comprehensive planning practice
- What it means for the Bennett Financial team to operate with an “all-in” approach
- Why they call their planning process a lifetime financial discipline
- And more!
Tune in now to discover why comprehensive planning is more important than you may have thought!
2019-80807
Exp 6/2021
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
The marketplace uses permanent life insurance illustrations with various types of life insurance to make them look promising....but are they realistic?
Today, Justin Bennett breaks down how illustration warfare shapes people’s expectations and why illustrations vary from one type of insurance to the next. Justin also discusses what to consider about indexed universal life insurance projections, and how his team helps clients make informed decisions when choosing life insurance products.
In this episode, you’ll learn:
- How illustrations are used when presenting different life insurance solutions to potential clients
- What to keep in mind when you see an inflated projection on an illustration
- Which type of life insurance offers the least amount of risk
- What to consider about the future of indexed universal life insurance projections
- What questions the Bennett Financial team asks clients to help them make informed decisions about life insurance
- And more!
Tune in now to discover a new way of thinking about permanent life insurance illustrations.
2019-80033
Exp 5/2021
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
Justin Bennett strongly believes in the value of prompting clients to stop and think about things in a way they previously did not.
Without realizing it, you may be conditioned to think about an aspect of your life in a one-dimensional way, when there are actually several dimensions. In today’s episode,
Justin explains how he and his team ask questions that provide good thinking to clients.
In this episode, you’ll learn:
- How Justin Bennett defines “good thinking”
- Why using Google to research your planning options is a losing game
- Examples of how Bennett Financial provides good thinking, which shifts clients away from a conventional mindset
- How to determine if your planner is providing you with good thinking
- And more!
Tune in now to learn how good thinking can completely change your planning mindset!
2019-78965
Exp 4/2021
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
High performing professionals often find themselves playing within the gap.
Are you one of them?
In today’s episode, Justin Bennett explains why high performers, like business owners, tend to be in the gap; why it’s actually a positive place to be; and how to navigate this space.
In this episode, you’ll learn:
- The characteristics of high performers
- What it means to play in the gap
- Why being in this mental space keeps high performers accountable
- How to balance living in the gap with working towards your goals
- Why a high level of self-awareness is key for navigating the gap
- And more!
Tune in now to learn how you can make the most of the gap!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-76982 Exp. 3/2021
Is your relationship with your planner providing you with the value and relationship you deserve?
Today, Justin Bennett shines a light on this question as he uncovers what it looks like to have a meaningful connection and to receive value in the client-planner relationship. Whether you’re already working with a planner or are considering working with one, this episode is a must-listen!
In this episode, you’ll learn:
- Why relationship and value are the most critical elements in the client-planner relationship
- Examples of how Bennett Financial deepens its client relationships
- What a strong relationship with a financial professional looks like
- The conversation most planners aren’t willing to have
- And more!
Tune in now and consider whether you’re getting the relationship and value you deserve from your financial planner.
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-76973 Exp. 3/2021
It’s time to break away from the traditional planning perspective and offer a different perspective on how to be financially satisfied and fulfilled from a practical perspective.
In this paradigm-shifting episode, Justin Bennett uncovers a critical piece of the planning process that traditional planning leaves out of conversations — the difference between net worth versus income.
In this episode, you’ll learn:
- Why your desire for net worth or income will depend on your stage of life
- Why traditional planning leaves much to be desired
- What you need in order to have net worth converted effectively into income
- A new way to think about converting net worth into income
- Why it’s unrealistic to say, “My net worth is X, so my retirement income will be Y”
- And more!
Tune in now to learn a new, better way to think about income and net worth!
Resources:
Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-75506
Exp 2/2021
Do you belong to a study group?
Business study groups don't seem to be common outside the financial industry however high performing professionals in any industry have so much to gain by collaborating with like- minded business folks. In today’s episode, Justin Bennett explains how he’s benefited from his study group and why he discusses them with clients.
In this episode, you’ll learn:
- How Justin’s national study group formed, how often they meet, and what’s on their agenda.
- Why bringing peers together can welcome collaboration and camaraderie.
- Why Justin discusses high performing professionals should be part of a study group.
- The far-reaching benefits that study groups can have on clients.
- And more!
Tune in now and discover the benefits study groups can offer you!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-75095
Exp 2/2021
If you can spend the most amount of income on the least amount of money, you’ll be in an optimal position.
Today, Justin Bennett unpacks an under-discussed and misunderstood idea in the financial world resulting in uncovering a different approach to planning. It’s time to rethink traditional planning and learn how to be optimal.
In this episode, you’ll learn:
- The deep-seated flaws of traditional planning
- An example of how Bennett Financial helps clients spend the most amount of income on the least amount of money
- How Bennett Financial’s planning philosophy takes into consideration unplanned life events and inflation
- And more!
Tune in now and discover how to win!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-73843
Exp 1/2021
How would you feel if your planner bossed you around, demanding that you deal with your money exactly how they want you to?
Most people don’t respond well to such a domineering approach, and Justin Bennett will be the first to say that it’s a highly ineffective way to lead clients. In today’s episode, Justin shares his team’s leadership philosophy, which is built on client empowerment and self-discovery.
In this episode, you’ll learn:
- Why successful people favor a self-discovery approach to planning
- What content creation has to do with leadership
- What the most successful leaders have in common
- What a parent-child dynamic might look like in a planning relationship
- The most under-discussed and misunderstood concept in the planning world
- And more!
Tune in now to discover a new way to think about leadership!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2019-73836
Exp 1/2021
What does it mean for a planner to be present?
To be present with clients is to have a high level of self-awareness and ability to demonstrate empathy, according to Justin Bennett.
But how do these personal skills powerfully impact the planner-client relationship? Justin is here to explain with examples from Bennett Financial.
Here’s what you will learn in this episode:
- How clients can benefit from working with planners who demonstrate presence and empathy.
- How Bennett Financial’s co-authored approach to planning facilitates their present and empathetic approach.
- Whether being present and having empathy are skills that can be learned.
- Examples of how Justin and his team stay in tune with clients and offer ongoing value.
Tune in now and learn how to recognize whether your planner is being present with you!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2018-70740 Exp 11/2020
Should you take a growth-focused or an income-focused approach with your investments?
Justin Bennett has noticed that most consumers don’t understand how growth and income assets differ, let alone which one is suitable for their financial world. Today, Justin brings clarity to this subject by explaining how he helps clients determine whether to invest for growth or income.
In this episode, you’ll learn: • What people tend to overlook when they consider investing for growth. • The key differences between a growth asset and income asset. • How to identify which approach is most suitable for you. • Whether investors can take a hybrid approach.
Tune in now and learn how growth and income assets can shape your optimal personal economy!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2018-70733 Exp 11/2020
How does an individual become overweight on their burn rate?
Justin Bennett is here to answer this question—and it’s an issue that will hit home for many high performing professionals who are steadily increasing their income. Listen in as Justin guides his co-host, Matt Halloran, through a series of questions to illustrate how Bennett Financial helps individuals discover if they are overweight on their burn rate.
In this episode you will learn:
- What it means to be overweight on your burn rate.
- Bennett Financial’s process to help you self-discover the status of your burn rate.
- How you can stay on top of your burn rate without compromising your lifestyle.
- Why being aware of your burn rate is crucial for reaching your balance.
Tune in now and learn how you can achieve balance while staying on top of your expenses.
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2018-70726 Exp 11/2020
Doesn't everybody want the same thing—to have health, wealth, success and protection for their families now and for generations to come?
In Justin Bennett’s experience, most people want to leave a powerful and lasting legacy. In this episode, Justin explains how he helps clients with multi-generational planning that doesn’t compromise their lifestyle today.
In this episode, you will learn:
- About the common objectives that most people generally have as well as some unique objectives.
- How you can create a plan that impacts many generations to come.
- How you can create and execute a plan without sacrificing the way you currently live.
Tune in now and discover how you can leave a powerful legacy with help from a planner!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2018-70744 Exp 11/2020
Have you noticed that our society has become more ME-driven?
While many financial plans focus solely on what’s best for the client, Justin Bennett has designed a planning approach for those who are more focused on caring for those around them. This is not an approach that will resonate with everyone; it’s for people who are determined to lead selfless lives and to impact future generations.
In this episode, you’ll learn:
- What it means to make selfless financial decisions
- The features and goals that this selfless planning approach embodies
- Why Bennett Financial believes in this approach to planning
- The difference between capacity and desire—and why it matters
- How tax-free capital can be allocated in a selfless planning approach
Tune in now and discover how a selfless planning approach can help you make an impact!
Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
What is the best way to exit your business? This is a question that becomes more and more pressing for business owners as they approach their End Game.
For Justin Bennett, an early conversation about exiting is the key to achieving optimal results. In this episode, he explains his approach to helping business owners plan for successful exits.
In this episode, you’ll learn: - The difference between an inside sale and outside sale - How Justin addresses a common oversight among people who’ve sold their businesses - How business owners can put themselves in the strongest possible position before exiting - The essential conversation that Justin has with clients once they’ve exited - Why it’s advantageous to convert a lifestyle business into an enterprise business
Tune in now to learn how you can prepare for an optimal business exit!
2018-68480 Expiration 10/2020
Often when choosing a planner, you have to take a leap of faith. Take it from Chris Russell, who was an aspiring business owner when he enlisted Justin Bennett’s help with planning approximately 10 years ago. In this episode, Justin and Chris speak candidly about their advisor-client relationship and how they’ve inspired each other.
Here’s what you will learn about in this episode:
- What Justin and his team learned from working with a new business owner.
- Chris’ experience with expanding his consulting business into the digital world.
- How Chris makes the most of family time despite having a unique schedule.
- Chris and his wife’s vision for the Caitlin Elizabeth Russell Foundation.
- And much more.
Tune in now and learn how a long-time client has benefitted from having a paradigm-shifting planner on his side.
Bennett Financial Group - Website | Bennett Financial Group Facebook Page | Checkmate Strategies | Caitlin Elizabeth Russell Foundation
2018-67037 Expiration 9/2020
After running 100 miles through the Colorado Rockies, Justin Bennett walked away from the Leadville Trail 100 Run with more than a coveted belt buckle.
In this episode, Justin reflects on the race’s literal and figurative twists and turns, and he shares the eight lessons he learned along the way.
Here is a preview of Justin’s takeaways:
- Life is a journey, enjoy the ride.
- The mind controls the body, the body doesn’t control the mind
- Success and legacy are not about having increases in profits every year.
- And more!
Tune in now to hear about Justin’s race experience and the rest of his eight takeaways!
Leadville Trail 100 Run | Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2018-67076 Expiration 9/2020
Are you aware of the benefits that permanent life insurance could offer you and your planning?
Given the amount of misinformation out there, many people overlook this type of insurance as a suitable option.
Today, Justin Bennett takes the opportunity to outline how permanent life insurance can be used as your friend in your planning. He explains how this insurance can fit into a plan and how it can allow retirees to spend more income from their investments during retirement compared to not having the insurance during retirement. In this episode, Justin also dispels limited advice that many financial gurus dish out about “living on the interest of your investments.”
Tune in now to gain a clearer understanding of how permanent life insurance can optimize your personal economy.
Resources:
Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2018-65416
Expiration 8/2020
What if you had 30 hours to run 100 miles? If 100 miles isn’t challenging enough, consider this: what if you’re also running at elevations of 9,200 to 12,600 feet?
This is exactly what Justin Bennett set out to do.
Justin recorded this podcast just days before participating in the legendary Leadville Trail 100 Run, a 100-mile ultramarathon trail run in the Colorado Rockies.
In this special episode, Justin speaks about his training routine and how self-discipline took on a whole new meaning during the process. He also shares what he learned about seeking help in the form of a coach and pacer, and why he believes that how you are anywhere is how you are everywhere.
Tune in to find out what it takes to prepare for a 100-mile race through the most extreme conditions.
Resources:
Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2018-65396
Expiration 8/2020
The more discipline you have, the more opportunities you’re bound to create.
In today’s episode, Justin Bennett talks about that powerful correlation between discipline and freedom. This is a connection that Justin has experienced in his own life. By practicing discipline, he has learned to stay focused on creating the life he wants to live.
Justin also shares the questions that he and his team ask clients. These questions are designed to help clients pinpoint what exactly they want in their lives. His team’s ultimate goal is to help clients live a way that brings them excitement, joy, and happiness.
Listen now as Justin explains how thinking about what you want in life and how you can get there, can ultimately result in more freedom and opportunities.
RESOURCES: Bennett Financial Group - Website | Bennett Financial Group Facebook Page
2018-63983 Expiration 8/2020
Do-it-yourself (DIY) is a trend that many consumers have adopted in many different areas. The platforms used for this DIY approach consist of (and are not limited to) Pinterest YouTube, Google, etc. After doing some “research”, you can self-categorize yourself as an “expert” in anything. Of course that comes with absolutely no experience and/or root knowledge.
So....Is DIY the best approach for your financial planning?
In today’s episode, Justin Bennett explains why many people take financial planning into their own hands. Justin also explores the risks associated with DIY and then the benefits of working with a professional.
Tune in now to find out if working with a professional or taking the DIY approach is right for you.
Resources:
Bennett Financial Group
2018-63941
Expiration 7/2020
There is a conversation you should have with your financial planner as early as possible—not as close to retirement as possible.
This essential conversation is about the reverse pension max.
In this episode, Justin Bennett explores different pension options for married couples. But he takes it a step further by discussing overlooked scenarios that could greatly impact payouts down the road. For instance, Justin explains the potential outcomes for couples who choose a joint and survivor pension. If the non-pension spouse passes away first, how much income will the surviving spouse be left with? Would it have been better to do a reverse pension max.?
These are complex questions, but Justin has a way of bringing simplicity to these conversations. Tune in and learn more about the reverse. pension max.
Resources:
Bennett Financial
Do you ever wonder how much money your financial planner earns?
If so, you’re not alone. But why do people want to know?
In this episode, Justin Bennett touches a topic that most planners won’t go near. He explores why people ask this question and why it seems to be socially acceptable. Justin also presents a new way of defining value in the financial service industry.
Of course, Justin also explains how he handles this challenging question. Don’t miss out on this daring episode!
Resources:
Bennett Financial
Today, Matt Halloran and Justin Bennett discuss an important economic concept called time value of money. Time value of money refers to the highest net rate of return available to an individual, family, or business. Whenever you spend a dollar somewhere, you’ve relinquished not only that dollar, but any interest it would have earned going forward. In other words, time value of money represents an opportunity cost when money is spent today instead of saved for tomorrow.
Tune in and learn why it’s important to consider time value of money as you make important financial decisions.
Bennett Financial’s Website
Can the past predict the future? Matt Halloran and Justin Bennett are exploring this question in their conversation about Monte Carlo simulation.
In this episode, Justin explains how this financial forecasting tool fits into a comprehensive planning process. Justin also outlines the limitations of Monte Carlo simulations and shares what he believes might be our best overall predictors of success.
Tune in and learn how Justin uses Monte Carlo simulations to help his clients optimize their personal economy.
Bennett Financial’s Website:
Have you ever heard of the longevity risk?
Today, Justin Bennett discusses a vital consideration that people tend to overlook as they plan for retirement. With advancements in science and technology, we’re more likely than ever to live longer, healthier lives. This is good news. . . But, is your money going to last?
Learn all about longevity risk in this latest episode! 2018-58986 Expiration 4/2020
Most of us plan on retiring. However, the gravity of our decision may not set in until retirement is only a month away. Then, the idea of making that big announcement to family, friends, and colleagues can feel daunting.
Today, Justin Bennett discusses the emotional and psychological experience of preparing for retirement. Get inspired to speak your decision into existence and get excited for this next phase of your life.
Listen in and find out how you can strengthen your retirement mindset!
2018-58984 Expiration 4/2020
While the days of using brokers are long gone, investment management remains an essential component of an overall, macroeconomic plan. Justin Bennett and his team at Bennett Financial work with various investment managers who play an integral role. Utilizing an investment manager creates a less fragmented, broker-like approach because there will be ongoing management in line with a core philosophy.
Tune into this episode and find out why Justin believes that investment management done by investment managers offers a refreshing and proactive approach.
2018-57963 Expiration 4/2020
It is common to try and perfect the 20-30 years of wealth building while growing a family and developing in a career. A traditional, successful approach may result in a sizable balance of investable assets. This traditional approach may also produce income during retirement that compromises lifestyle when looking at the income after taxes and after inflation. Thus, it is most optimal to understand how planning works for 60 plus years which consists of the wealth creation phase as well as the wealth distribution phase.
In this episode, Justin Bennett explains how the traditional approach to planning when creating wealth may result in unintended consequences when going to create income from that wealth.
2018-57961 Expiration 4/2020
In order to appreciate and understand which type of life insurance is suitable for you, it is valuable to understand the innovations and changes to the life insurance business over the past 200 years. Learn about the topic of life insurance in a different manner in which it is often discussed and marketing. Feel great about the life insurance decision you make.
As a result of becoming educated on the different types of life insurance, you can understand what is most appropriate for you and your planning. This episode will help you to continue to learn about Your Optimal Personal Economy.
Bennett Financial
2018-55996 Expiration 3/2020
What is different about an experience with a large financial institution compared to an experience with Bennett Financial? Justin shares experiences that his clients had when they were trying to receive attention from these large institutions. Find out what caused these clients to enter into a long term, planning relationship with Bennett Financial after they encountered experiences with other firms.
This podcast is all about understanding Bennett Financial’s personalized approach to helping clients reach their Optimal Personal Economy. Learn more in this podcast with Justin Bennett.
Bennett Financial
2018-55993 Expiration 3/2020
Our brains are hardwired for safety. Every day we follow routines to keep ourselves and our families safe. We lock our doors, we look both ways before crossing streets, we wear seatbelts. When it comes to protecting your finances, why are people less likely to act safely?
In this episode, I discuss the safety paradox and why I think people are willing to put their financial security at risk.
Submission #: 2018-54106 Exp: 2/2020
Bennett Financial
When it comes to your finances, do you embrace accountability? What does it mean to take an accountable approach to your planning? With accountability comes discipline-- and when you combine them together, you are on your way to Your Optimal Personal Economy.
Learn more about how to embrace accountability to meet your short-term and long term goals in this podcast:
In this episode Justin shares how the financial planning approach has changed over the years. The approaches that were taken for the previous generation no longer work the same as they do for those who are now planning and approaching retirement years. We are in a totally different time now and the planning approach, mindset and expectations are dramatically different than those of the previous generation.
Learn more about the new paradigm of Lifetime Financial Discipline in this podcast with Justin Bennett
2018-52871 Expiration: 1/20
What if you were no longer generating an income due to a temporary, unplanned life event? How much money do you have to temporarily support your lifestyle and expenses? In this episode, Justin discusses whether or not it’s beneficial to use your bank account balance or retirement account balance to provide income during that temporary, unplanned life event.
Learn more in this podcast with Justin Bennett.
2018-52682 Expiration 1/20
In today's society many people have a micro-perspective on their accounts. In other words, they look at their retirement and non-retirement accounts, do some quick calculations to determine what the rate of return might be, and then move on. But we need to take all of our investments into account and understand the difference between gross rate of return vs. the net rate of return to reach your optimal personal economy.
Justin breaks down the differences between between gross rate of return vs. net rate of return in this episode:
2017-51658 Expiration 12/19
When it comes to your finances, it is important to ensure that all of the professionals in your life are looking out for your best interest. Whether you’re saving for your children's education or refinancing your home, when you work with the right professionals, they can help coordinate conversations with other professionals to get to the bottom of what’s important to you!
Learn more about unconventional coordination with Justin Bennett in this podcast.
2017-51632
Expiration 12/19
We live in a fast-paced world. Sometimes we end up checking off our boxes as go, rather than planning ahead. When it comes to managing our finances, we fall into a habit of acting reactively rather than proactively. In this podcast, I’m sharing a different approach to financial planning that involves what I call, “lifetime financial discipline.”
2017-51630 Expiration Date - 12/19
When Justin Bennett was challenged to travel from Stratton, Vermont to Summit Street in Vermont 17 times which is the equivalent of 29,029 feet which is the same height of Mount Everest, Justin accepted the challenge and began his journey. Not knowing what to expect other than it was going to be really difficult, he quickly learned it would be one of the toughest things he has ever done in his life.
Learn more about Justin’s summiting trip and what he learned along the way in this podcast
2017-51329 Exp. 12/19
When tackling finances or their personal economy, people often try to do it on their own or they are unsure about working with a professional. These reasons can help you understand the advantages of working with a professional. A professional is someone that has expertise and knowledge in a certain craft. A professional in planning focuses on a macroeconomic view. However, in planning, it’s important to have someone help you understand your overall personal economy, create a customized plan and help you integrate your plan into your life.
Learn more about the 7 reasons to work with a professional in this podcast:
2017-48301
Your Personal Economy is about focusing on what’s important in your world versus what’s going on or important to the world outside. It’s a mindset and a philosophy – to make decisions on what matters most. It measures what matters most to you including: family, home, health, wellness, dreams, goals, legacy, giving, and more. It only works when developed into a plan of action followed up by a discipline to implement and stay within this mindset.
2017-48297
In this podcast, Justin shares how optimal planning requires a balance between money for today and money for tomorrow. Structure and discipline are necessary to implement this balance. Most people have their income deposited into one checking account. Throughout the month, they spend that money on current day lifestyle. In the event there is anything left at the end of the month, they may save some of that to have money for tomorrow. Oftentimes, this approach produces little to no money for tomorrow.
Learn more about how to create balance between money for today and money for tomorrow in this podcast:
2017-50005
Most people focus solely on rate of return and are not aware that savings rate has a significantly larger impact on wealth building than rate of return. The rate of return conversation is what is marketed and it becomes a way to create immediate gratification (or not). By focusing on savings rate, you focus on what you can control and when doing so, you can create a more favorable (and enjoyable) outcome to your wealth building than if you solely focus on rate of return which is outside of your control.
Learn more about each in this podcast:
2017-46111
With growing and demanding personal and professional lives, life continues to get more complex. With time being our only non-renewable resource, people continue to find themselves without the time to properly research and understand money decisions. In order to have a greater existence and being around your personal and professional lives, it is recommended that you work with a professional who is proficient in macroeconomic planning and is committed to a long term relationship.
There are many ways to approach your planning and it is often the case that financial decisions are made based on convenience or opinion. The education and ‘why’ around the decisions is often overlooked. There must be purpose and clarity behind every decision. When working with a professional who understands and employs this type of approach, money decisions are made in a manner that provides an integrated and coordinated strategic solution. This produces greater overall efficiency and money decisions are not made independent of one another. When decisions are rooted in fact, the outcome becomes clearer and the focus becomes strategy based as opposed to product based.
Learn more about what to expect from a planner in this podcast:
2017-44910
Justin Bennett shares how many people put their money into investments, yet they don’t understand how those investments will impact their short term and long term planning. It is often the case, that people don’t even understand the investment and/or the investment account itself. Justin and his team help clients understand how rates of return are one factor among many factors that should be taken into consideration to help achieve an optimal personal economy. Learn more about rates of return in this podcast:
2017-43523
Justin shares how many have tackled Insurance and Investment decisions as though the two are fighting each other over who gets your money. Some put all of their money in investments (with some term life insurance) while others put all of their money in insurance (with just a little in investments). Both approaches share an objective that you will reach your End Game and move into a phase where your income is coming from your money and you are no longer working to generate the income. When you take one of these “either or approaches”, you end up missing out on how whole life insurance and investments can actually play very nicely together in your personal economy.
Learn more about whole life insurance, investments, and how the two can work together in this podcast.
2017-42540
Justin shares the eight reasons why it’s important to have liquidity, and how the reasons build off one another, to help ensure people reach their optimal wealth building potential. Learn more about how Justin works with his clients to build liquidity and why it matters in this podcast:
2017-41373
Justin shares how certain beliefs or paradigms around planning, money, and decisions will lead to certain results. A lot of people are used to the conventional paradigm that leads to a very transactional-based life. Due to this, many people get results in life that they don’t necessarily want. Justin and his team help build a plan based on your current net worth, disciplines, inefficiencies, and how you can work around them, getting you on a track that will lead to a good range of wealth if executed correctly.. Learn more about how a different paradigm will lead to different results in this podcast:
2017-41193
Justin Bennett grew up in an entrepreneurial family. He figured out early in his life, that he wanted to have his own business and control his own destiny. Justin also realized that he wanted to interact with people and make a difference in their lives. This led him to pursue a career in the macroeconomic planning business. Learn more about Justin Bennett, his life, his career, and the Bennett Financial Group in this podcast:
2017-40885