Value-Ability Podcast: Recent Episodes
Danforth Fleak
Value-Ability, a podcast for executives, business owners, employees, independent contractors and anyone interested in the role of values in business, leadership and personal development.
Each week we discuss a topic relevant to individual and common values and the role they play in our personal and professional lives: ideas, concepts, and articles that can be applied to home and work settings, along with ways to build your skills as a team member and leader.
Episode 62 highlights:
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The virtue of frugality
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The “Starbucks” dilemma
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Avoiding the “tragic” mistake
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The resurgence of DIY
The article in this week's review “Acting like an extravert has benefits, but not for introverts”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
00:58 Frugality
32:29 Article Review
41:10 Wrap Up
42:55 Disclaimer
Episode 61 highlights:
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Michelle Seiler Tucker joins us to discuss her new book Exit Rich
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Challenges in selling a business
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The “6 P Method”
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Michelle shares her two favorite “pearls of wisdom”
You can find Michelle's new book at exitrichbook.com and her website is seilertucker.com
Also, links to all of Michelle's social media are available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
02:31 Exit Rich with Michelle Seiler Tucker
50:30 Wrap Up
52:27 Disclaimer
Episode 60 highlights:
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Defining Resolution
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Ben Franklin's view
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The King of Resolutions: New Year's
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Power of negative biases
The article in this week's review “The Science of Stress and How Our Emotions Affect Our Susceptibility to Burnout and Disease”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
03:18 Resolution
29:27 Article Review
43:06 Wrap Up
44:44 Disclaimer
Episode 59 highlights:
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Dan reveals his persnickety organization habits
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Ben Franklin's virtues
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Can you be too orderly?
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Balancing order and activity
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Tips on creating order
This week's article review discusses “6 Leadership Paradoxes for the Post-Pandemic Era”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
02:34 Order
38:48 Article Review
45:36 Wrap Up
47:19 Disclaimer
Episode 37 highlights:
-
Philip returns with an update from The Frozen North
-
Modeling of integrity as a leader
-
Columbia Record Club teaches Dan about integrity
-
What integrity means with clients
-
What dangers arise from lacking integrity
The article reviewed this week is titled “The Behavioral Economics Diet: The Science of Killing a Bad Habit” by Nir Eyal of nirandfar.com.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
Episode 58 highlights:
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Valuing values & future of the podcast
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Mark Elzweig, President of Mark Elzweig Company, chats with Philip
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Having an entrepreneurial spirit
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Being a good listener
The article Mark wrote is “7 tips for wirehouse advisors on the verge of starting an RIA”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
08:28 Mark Elzweig Interview
42:54 Wrap Up
45:12 Disclaimer
Value-Ability Rewind!
We are not able to record this week due to family emergencies. We will be back next week with a brand-new episode, and in the meantime, check out this replay of Episode 41: Compassion!
Episode 41 highlights:
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Value-Ability Podcast starts 2021 right where we left off!
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What is compassion?
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The 5 Levels of Leadership and compassion's role
-
Compassion's impact on other leadership values
This week's article review is ”Twenty-Eight Questions to Access Your Pandemic Pivot”.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
07:39 Podcast Contact Info
08:39 Aligning Advice with Values
36:30 Article Review
48:55 Wrap Up
50:16 Disclaimer
Episode 57 highlights:
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Our first guest co-host, Lia Kvatum, joins the podcast!
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The rise of independent contracting
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The “stress clock” of freelance work
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“Firing” clients
In this week's article review we discuss "Garbage Language Why do corporations speak the way they do?"
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at value-ability.com/content.
00:00 Introduction
02:21 Improving Client Selection
47:52 Article Review
57:53 Wrap Up
59:32 Disclaimer
Episode 56 highlights:
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Kissing the Blarney Stone?
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“THINK” before you speak
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Listening or waiting to talk
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Silence for active listening
The article in this week's review section is "Advisors Get Creative To Spark Stimulating Client Conversations"
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at value-ability.com/content.
00:00 Introduction
02:48 Silence
31:04 Article Review
49:44 Wrap Up
52:05 Disclaimer
Episode 55 highlights:
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Temperance and abstinence
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Forms of temperance
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Temperance in business settings
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Overcoming addictions
This week's article review is "Questioning an investment recommendation roots out bias, study says".
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at value-ability.com/content.
00:00 Introduction
03:02 Temperance
41:04 Article Review
49:13 Wrap Up
50:52 Disclaimer
Episode 54 highlights:
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Defining humility
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Significant quotes about humility
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Humility and the “servant leader”
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Overcoming the culture of shame
The article reviewed this week is "The Most Common Lies People Tell About Money" and the full report it is based on is HERE.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at value-ability.com/content.
00:00 Introduction
03:11 Humility
35:51 Article Review
49:07 Wrap Up
51:10 Disclaimer
Episode 53 highlights:
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Mike Anderson, Managing Director, Bridgepoint Investment Banking and former President of Ameritrade returns
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What a selling owner needs to focus on
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Three C's: Capital, Control, Continuity
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When an owner IS the business
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Buyer's motivations
Mike Anderson's contact information is available on our website at value-ability.com/content.
00:00 Introduction
02:08 How to Sell a Business
51:27 Wrap Up
54:46 Disclaimer
Episode 52 highlights:
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Guest Mike Anderson, Managing Director, Bridgepoint Investment Banking and former President of Ameritrade
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“Investment Banking” is neither investing nor banking
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Industry Definitions
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Sources of Capital
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Role of Financial Advisors
Mike Anderson's contact information is available on our website at value-ability.com/content.
00:00 Introduction
03:03 How to Sell a Business
47:45 Wrap Up
49:42 Disclaimer
Episode 51 highlights:
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Part 2 with Todd Mauney of ROI Coaching Solutions
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Team communication cadence
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The Tuckman Model of team development
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“Quivering Masses of Availability”
The article in this week's review is "Significant Disconnect Between Employees, Execs on Returning to Offices"
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available, along with Todd Mauney's contact information, on our website at value-ability.com/content.
00:00 Introduction
03:14 Building High Performance Teams
44:49 Article Review
52:14 Wrap Up
54:05 Disclaimer
Episode 50 highlights:
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Special guest Todd Mauney of ROI Coaching Solutions
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Todd's path to becoming a coach
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Building a team starts with the leader
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Planning for a team
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Defining roles and responsibilities
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Filling the “seats on the bus”
A link to Todd Mauney's contact information is available on our website at https://value-ability.com/content.
00:00 Introduction
03:03 Building High Performance Teams
47:39 Wrap Up
49:41 Disclaimer
Episode 49 highlights:
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Defining discipline
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Parable of the two wolves
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Discipline in childhood
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Impact of discipline on leadership
The article in this week's review is "Goals-Based Financial Planning: A Poor Path To Financial Success"
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
00:00 Introduction
02:45 Discipline
36:41 Article Review
45:03 Wrap Up
47:07 Disclaimer
Episode 48 highlights:
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Special guest Ralf Schmaelzle, Associate Professor at Michigan State University joins the podcast
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Risk Perception = Uncertainty Judgement
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The inherent subjectivity of risk
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Biases and their “ecological rationality”
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Nature vs. Nurture in the development of risk perception
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Mass communication of risk
The article mentioned at the beginning of the podcast is “Why human brains are bad at assessing the risks of pandemics” by Lia Kvatum.
A link to Ralf Schmaelzle's website is available at https://value-ability.com/content.
00:00 Introduction
03:29 Podcast Contact Info
04:22 Assessing Risk
56:19 Wrap Up
58:00 Disclaimer
An edited version of the week's episode covering just the central topic of the podcast!
Episode 47 highlights:
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Defining patience
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Academic studies of patience
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Patience and social awareness
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Emotions, thoughts, and actions
Episode 47 highlights:
-
Defining patience
-
Academic studies of patience
-
Patience and social awareness
-
Emotions, thoughts, and actions
The article mentioned at the beginning of the podcast is “Possible Hysteresis –Longer Term After Effects of the Pandemic”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
05:29 Patience
40:54 Questions
49:39 Wrap Up
51:38 Disclaimer
An edited version of the week's episode covering just the central topic of the podcast!
Episode 46 highlights:
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Defining Trading, Investing and Planning
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A broad look at the Gamestop saga
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Protecting investors vs. limiting opportunity
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“Digitizing” advice
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Extending financial planning's “front porch”
Episode 46 highlights:
-
Defining Trading, Investing and Planning
-
A broad look at the Gamestop saga
-
Protecting investors vs. limiting opportunity
-
“Digitizing” advice
-
Extending financial planning's “front porch”
The article reviewed this week is ”The New Silicon Valley Perks: Child Care, Financial Planning and Therapy”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
06:00 Podcast Contact Info
06:43 Trading, Investing, Planning
39:41 Article Review
49:52 Wrap Up
51:09 Disclaimer
Episode 45 highlights:
-
Special guest Aaron Hasler, Managing Partner at Skyview Partners
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“US Government Debt Swells – Is It Sustainable?”
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Consultation – the backbone of financial services
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Types of practice succession
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Financing succession
Aaron Hasler's contact information is available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
06:22 Podcast Info
07:22 Practice Succession with Aaron Hasler
53:02 Wrap Up
55:09 Disclaimer
Episode 44 highlights:
-
“High Long-term Returns Require Patience”
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Outstanding customer service experiences
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The difference between “Why” and “What” questions
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Questions that create WOW moments
Our article review section covers ”Retirement statistics you should know in 2021”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
04:42 Podcast Info
05:30 Creating WOW Moments
45:01 Article Review
53:38 Wrap Up
55:33 Disclaimer
Episode 43 highlights:
-
Philip shares his “old man's” speech to his children
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The byproducts of forgiveness
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Forgiving yourself and forgiving others
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Managing your brain, memories and emotions
The article reviewed this week is ”Why ‘flexibility' may be the least helpful thing companies can offer working parents right now”.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
11:50 Forgiveness
45:31 Article Review
52:58 Wrap Up
54:53 Disclaimer
Episode 42 highlights:
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Special guest Will Steiner, founder of Big Later
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Past, present and future of Big Later
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Bringing financial literacy to a new generation
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The psychology of decision making
In this week's question segment, we discuss the impact of political parties on market performance and the pros and cons of the “backdoor” Roth concept.
A link to Big Later and Will Steiner's contact info is available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
07:40 Podcast Contact Info
08:29 Special Guest Will Steiner
46:42 Questions
59:12 Wrap Up
1:00:18 Disclaimer
Episode 41 highlights:
-
Value-Ability Podcast starts 2021 right where we left off!
-
What is compassion?
-
The 5 Levels of Leadership and compassion's role
-
Compassion's impact on other leadership values
This week's article review is ”Twenty-Eight Questions to Access Your Pandemic Pivot” from wealthmanagement.com.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
07:39 Podcast Contact Info
08:39 Aligning Advice with Values
36:30 Article Review
48:55 Wrap Up
50:16 Disclaimer
Episode 40 highlights:
-
Special guest Karen Wawrzaszek, CFP®,CTFA joins the podcast
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Aligning values, goals and advice
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Managing stress and its impact on financial planning
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The role of values in decision making
-
Implementing values-based planning
The article review section covers “Tony Hsieh's American Tragedy: The Self-Destructive Last Months Of The Zappos Visionary”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
06:55 Podcast Contact Info
08:07 Aligning Advice with Values
56:44 Article Review
1:05:07 Wrap Up
1:06:15 Disclaimer
Episode 39 highlights:
-
Philip and Dan chat about hunting dogs
-
Childhood modeling of personal responsibility
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Aligning values with actions for optimal performance
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Freedom through personal responsibility
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When is it appropriate NOT to take responsibility?
The article discussed this week is “Six Verbs That Make You Sound Weak (No Matter Your Job Title)”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts and is also available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
11:14 Personal Responsibility = Inspiration
42:27 Article Review
50:48 Wrap Up
53:18 Disclaimer
Episode 38 highlights:
-
Debbie Pepin from death-to-do-list.com joins the podcast!
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Why we don't talk about death
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Removing euphemisms for death from our conversations
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Tools for financial professionals to discuss death with clients
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How financial professionals can implement the Death To Do List
The article reviewed this week is “The 7 biggest shockers from my four decades of financial planning”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts. The article link and Debbie Pepin's contact info are available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
04:20 Podcast Contact Info
05:58 The Death To Do List
55:20 Article Review
1:06:50 Wrap Up
1:08:26 Disclaimer
Episode 37 highlights:
-
Philip returns with an update from The Frozen North
-
Modeling of integrity as a leader
-
Columbia Record Club teaches Dan about integrity
-
What integrity means with clients
-
What dangers arise from lacking integrity
The article reviewed this week is titled “The Behavioral Economics Diet: The Science of Killing a Bad Habit” by Nir Eyal of nirandfar.com.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
15:23 Podcast Contact Info
16:25 Values Based Episodes Intro
17:21 Integrity
42:25 Article Review
55:11 Wrap Up
56:45 Disclaimer
Episode 36 highlights:
-
Co-Founders of Income Lab, Justin Fitzpatrick and Johnny Poulsen, join the podcast!
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The academic research in “decumulation planning” behind Income Lab
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The importance of truly dynamic financial planning
-
Looking beyond the concept of “portfolio failure” in income planning
A link to Income Lab's contact information is available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
04:50 Podcast Contact Info
06:40 Income Lab Co-Founders Justin Fitzpatrick and Johnny Poulsen
1:07:36 Wrap Up
1:09:06 Disclaimer
Episode 35 highlights:
-
Dan and Philip share their “famous close encounters”
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We review quotes from Presidents regarding money, business, taxes and more!
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Quotes from Washington to Reagan are discussed
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Follow along with the full list on OUR BLOG
CHAPTERS:
00:00 Introduction
08:23 Podcast Contact Info
09:14 Presidential Quotes
56:56 Time Value of Money Quiz
59:44 Wrap Up
1:00:56 Disclaimer
Episode 34 highlights:
-
JJ Wenrich, CFP – author of “Teaching Kids to Buy Stocks” – joins the podcast
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Using the “Lemonade Stand” analogy to explain stocks
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Lessons and stories for adults to teach children about investing
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Utilizing “matching” concepts to encourage saving and investing
-
Involving friends and family to reinforce financial education
-
JJ's podcast “Piggy Banks to Wall Street”
A link to JJ Wenrich's contact information is available on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
05:40 Podcast Contact Info
07:00 Special Guest JJ Wenrich, CFP
49:10 Where to find “Teaching Kids to Buy Stocks”
58:52 Wrap Up
1:01:03 Disclaimer
Episode 33 highlights:
-
Philip makes it 63 times around the sun!
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Jess Gaurke, Director of Compliance at USAdvisors Network joins us to discuss Regulation BI
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History and Background of Reg BI
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The four obligations of Reg BI – Disclosure, Care, Conflict and Compliance
-
The importance of documentation
-
Details of the Care obligation
The article section reviews a piece titled “Want to Be More Productive? Try Doing Less.” from the Harvard Business Review.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
06:39 Podcast Contact Info
07:37 Special Guest Jess Gauerke on Regulation BI
56:44 Article Review
1:05:22 Wrap Up
1:06:44 Disclaimer
Episode 32 highlights:
-
The last chapter of Philip's journey with the excavator.
-
Essential elements of an impartial interview process.
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The STAR method – Situation, Task, Actions and Results – in interviews.
-
Structuring a scoring system for interviews.
-
Questions to ask and “Closing” as the interviewee.
-
Connecting with the interviewer.
The article review is a white paper titled “Is the New Normal Accelerating the Need for Better Portfolio Management Technology?” by Vestmark.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
09:56 Podcast Contact Info
10:37 All About Job Interviews
51:56 Article Review
1:03:58 Wrap Up
1:05:34 Disclaimer
Episode 31 highlights:
-
Dan finally accepts the pearl of wisdom that “The Mother of all learning is repetition.”
-
An update on Philip's journey toward mastery of construction equipment.
-
Philip shares wisdom gained from his early management experiences in Dallas, Texas.
-
Dan and Philip discuss learnings from living and working overseas – with focus on Philip's role in the IDS/American Express venture Acuma in the early 1990s.
Our article review covers a topic personal to both hosts – recovery from addiction – and is titled “3 Ways Sobriety Made Me a Better Advisor.”
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
08:40 Podcast Contact Info
09:36 Running a Business (into the Ground)
47:04 Article Review
1:02:41 Wrap Up
1:04:51 Disclaimer
As the Baby Boomers age, financial professionals are increasingly faced with instances where clients either require care during retirement or have to provide care for a family member. In Episode 30, we share our personal experiences with this topic and discuss the role financial advisors play in assisting clients and their families with this incredibly challenging process.
Our article review covers an infographic from the website AdvisorStream titled “A Tale of Two Advisors” which provides insight into how financial advisors are communicating with clients during the pandemic.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
CHAPTERS:
00:00 Introduction
09:32 Podcast Contact Info
10:39 Caring for Retired Parents
38:56 Article Review
49:44 Wrap Up
52:12 Disclaimer
Rod Crandall of USAdvisors Insurance returns for a second week to continue our discussion on the critical value of life insurance in financial planning and provide his thoughts on how financial professionals can best select an insurance partner to work with their clients. Part two of our conversation – check out last week's episode if you haven't already!
A link to Rod Crandall's contact info can be found on our website at https://value-ability.com/content.
Longtime friend Rod Crandall of USAdvisors Insurance joins us this week to discuss the foundational role insurance plays in the financial planning process, as well as tips on how a financial planning office can best select and incorporate a life insurance consultant into their practice. Part one of a two-part conversation!
The article review this episode is "Just Married? How to Say 'I Do' to Shared Finances".
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
The conclusion of our conversation with Brett Fulmer (brokerbrett.com) exploring how three different generations of professionals view the development of the financial services industry professionals. We discuss the challenges and high points of our careers spanning over 40 years in the industry. Be sure to listen to last week's episode if you haven't already!
A link to Brett's contact info can be found on our website at https://value-ability.com/content.
This week we are excited to welcome Brett Fulmer (brokerbrett.com) to the podcast to examine the evolution of the financial services industry from the perspective of three generations of professionals. Each of us share the challenges and successes we faced and discuss what has changed and what has remained the same. Check back next week for part two of our conversation!
The article review covers “This is the Damage of Labels” – a fascinating insight into how words shape the way humans view their experiences.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts. The link and Brett's contact information will be posted on our website at https://value-ability.com/content.
Episode 25 features the conclusion of our conversation with Elisabetta Basilico, PhD, CFA and Tommi Johnsen, PhD, authors of Smart(er) Investing: How Academic Insights Propel the Savvy Investor. In part two we examine the chapters on multi-asset investing and women in investment management.
At the conclusion of the interview, Philip and Dan discuss the key takeaways and learnings from both the book and the discussion. If you haven't already listened to part one, check out last week's episode!
A link to the book and the authors' blog can be found on our website at https://value-ability.com/content
This week the Value-Ability Podcast is joined by authors Elisabetta Basilico, PhD, CFA and Tommi Johnsen, PhD talking about their book Smart(er) Investing: How Academic Insights Propel the Savvy Investor. In part one of our conversation, we discuss the backgrounds of the authors, the origin of the book and the chapter on bias in investment research. Be sure to check back next week for the conclusion with the chapters on multi-asset investing and women in investment management.
A link to the book and the authors' blog can be found on our website at https://value-ability.com/content
Follow the Value-Ability Podcast on Twitter (@value_ability) and Facebook (@valueablility) for more!
The art of asking good questions is critical in the development of the trustworthy advisor-client relationship. This week we discuss open and closed-ended questions, question extensions, active listening, and the importance of the understanding the language of need.
“Why You're Not One Of the World's Great Investors” is the subject of this week's article review section.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content. The companion document "Asking Questions and Active Listening" is also available on the website!
Episode 22 takes a look at the Pareto Principle (sometimes known as the 80/20 Rule), its history, and how it can be applied to client segmentation for businesses interested in providing superior client service.
The article review section discusses “What CARES Act Withdrawals Could Mean for Client Retirement Savings”.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
Episode 21 completes our two-part series featuring our conversation with David Adler of ReContext Data Solutions (www.missiondrivenmetrics.com) about education and connecting financial services professionals with educators and the education community. This episode stands on its own, but check out Episode 20 for the first part of the conversation!
This week's article review features “Faith in Finance” by Rachel Burlock (@RachelBurlock on Twitter).
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
In Episode 20: Working with Educators and Connecting with Community, Part 1, we welcome our first guest to the podcast – David Adler of ReContext Data Solutions (www.missiondrivenmetrics.com) – to discuss education and ways in which financial services professionals can work and connect with educators and the education community. Rather than edit down the conversation to fit in one episode, we decided to split it into two parts, so check back next week for the conclusion!
This week's article review features “How to Have Difficult Conversations When You Don't Like Conflict” from the Harvard Business Review.
A link to the article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
If you have been in the business world for any length of time, you have experienced it - when a meeting takes on a life of its own and deteriorates into a time and productivity wasting circus. Episode 19 of the Value-Ability Podcast reviews techniques and tips on how to make sure your meetings remain efficient and effective.
In this week's article review, we discuss “8 Ways Highly Successful People Set and Achieve Goals” by Mike Kelly, CFP®, CPC.
A link to this week's article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
Episode 18 concludes our two-part series on the basics of Social Security. Topics include taxation of benefits, working while receiving benefits, spousal benefits, and benefits for divorced individuals. Apologies to our listeners outside of the United States – we will be back to universally applicable topics next week!
In the article review section, we discuss the tragic death by suicide of a Robinhood customer due to an apparent misunderstanding of an options trade order entry.
A link to this week's article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
OASDI (Old-age, Survivors and Disability Insurance), more commonly known as Social Security, is the foundation of virtually all retirement plans in the United States. Episode 17 is the first in a two-part series that takes a look at the basics every beneficiary should know about the program. The topics discussed this week are how to qualify for the program, how benefits are calculated, what is Full Retirement Age (and why is it important), and the impact of filing early, filing at Full Retirement age, or delaying filing.
The article review section covers “7 Ways to Sabotage Your Financial Future” from Kiplinger.com.
A link to this week's article can be found on our Twitter (@value_ability) or Facebook (@valueablility) accounts, as well as on our website at https://value-ability.com/content.
All leaders are responsible for the effectiveness of their teams, and Episode 16 delves into the traits of a high functioning team and what distinguishes its opposite, focusing on the areas of vision, goals, roles, processes, and relationships.
In the Q&A section, we field listener submitted questions about social security benefits about how unemployment and working part-time will impact benefits.
A link to this episode's companion document “Factors Influencing Team Effectiveness” is available on our Instagram account (@value_ability), as well as on our website at https://value-ability.com/content.
Episode 15 features a breakdown of the 5 Levels of Mastery – a foundational leadership concept that provides both leader and follower with a shared framework and language to understand and communicate the readiness of the follower to complete a task and the style of leadership required to support them.
"Successful Retirement Plans are Built on These 5 Pillars" is the article reviewed this week.
A link to the 5 Levels of Mastery diagram is available on our Instagram account (@value_ability), as well as on our website at https://value-ability.com/content.
In Episode 14, we take a look at dealing with debt – how to manage debt before it becomes a problem and how to get out of it if it does. Also discussed are “good” vs “bad” debt, debt consolidation and how debt works for married couples.
This week's article review discusses the SEC's recent comments relating to Regulation Best Interest on the use of the titles “advisor” and “broker”.
A link to the article is available on our Twitter and Facebook pages, as well as on our website at https://value-ability.com/content.
Episode 13 focuses on the topic we all love to hate – taxes! The discussion covers the history of taxation, the power of tax deferral and the role of tax diversification in financial planning.
This week's Q&A includes questions on the dangers of holding leveraged mutual fund and ETF products over long time periods and the difference between a “traditional” and “rollover” IRA.
A link to the Tax Control Triangle discussed in this episode and a handy tax reference guide are available at https://value-ability.com/content.
Episode 12 delves into how to deliver whole and tough messages to alleviate and manage conflict within a business organization or personal relationship.
“The Best Mentors Ask These 8 Questions” is the article review for this week, and Philip and Dan share their thoughts on these and other questions mentors have asked them during their careers.
A link to the whole message model and the article are available at https://value-ability.com/content.
In Episode 11 we share 10 questions you can use when selecting a trustworthy advisor, such as a financial advisor, attorney, or accountant.
“The Flaws a Nobel Prize-Winning Economist Wants You to Know About Yourself” is this week's entry in the article review section and delves into the topic of behavioral economics. We discuss how these ideas impact the world of financial advice.
In the return of the Q&A section of the podcast, we ponder how long the United States can continue “printing money” in the face of the current economic situation.
A link to the 10 questions to ask a trustworthy advisor and the article are available at https://value-ability.com/content.
This week our discussion focuses on implementing one of the most important yet underutilized tool in personal development – the model week.
The article review covers 7 Mistakes People Make When Choosing a Financial Advisor.
The Q&A section was cut for time.
A link to the article are available at https://value-ability.com/content.
This episode we turn to a topic relevant to all aspects of personal and business interaction, Understanding Social Styles. A person's base social styles are typically engrained in them by age 14, and understanding what these are and how they impact communication with others is both important and incredibly useful.
The article review discusses 15 things sales leaders can do during a crisis.
The Q&A section was cut for time.
The documents on Social Styles and a link to the article are available at https://value-ability.com/content.
The third and final episode in our series on the risks faced in retirement income planning wraps up with longevity. We discuss the current statistics regarding longevity, how this has changed over the last 50 years and how these changes have impacted the retirement planning process.
The article review revisits the “bucket” approach to income planning we covered in Episode 3 and how this strategy has fared during the current market disruption.
The Q&A section focuses on personal development, and we share our picks for the most important self-development tool we have learned in our careers.
A link to the article is available at https://value-ability.com/content.
This week we continue our investigation of retirement income risks with inflation, which we dub “the silent embezzler”. We review how the Rule of 72 works and discuss how it impacts retirement planning and how best to communicate this risk to clients.
Changing gears slightly, in this episode we react to a YouTube video posted by Southwest Airlines CEO Gary Kelly about the impact of the current crisis on the airline industry and examine the leadership traits displayed in the video.
The Q&A section continues this theme, and we share which trait we find most important in a leader.
A link to the Gary Kelly video and an additional piece on inflation are available at https://value-ability.com/episodes
In the first of our three episode look at the primary risks to retirement income, we discuss market timing risk and the impact Black Swan events have on the success or failure of a retirement income strategy.
This episode's article review looks at 13 predictions for life after the COVID-19 crisis.
In the Q&A section we answer questions on how to prepare for spending free time in retirement and how to deal with angry or upset clients.
A link to the White Swan-Black Swan pieces and this week's article are available at https://value-ability.com/episodes
Delivering value as a financial professional is deeply intertwined with client service, and this week we discuss the particular details of how these two relate to one another.
This episode's article review covers why social security must be treated as a vital part of any retirement income plan.
In the Q&A section we discuss social security's relation to the national debt and other pet peeves about the financial services industry.
A link to this week's article is available at https://value-ability.com/episodes
A brief introduction to the Value-Ability Podcast. Find out what you can expect from our weekly episodes!
This week features a practical application for managing income and expenses while transitioning to and living in retirement - the Need-Fun-Love strategy.
The article review covers using a HELOC (Home Equity Line of Credit) as a short term solution for businesses and clients living in retirement struggling with loss of income during the current economic environment.
In the Q&A, we discuss the biggest financial mistakes and the cost/benefit balance of hiring a financial professional.
Downloadable copies of the Need-Fun-Love pieces, as well as a link to this week's article, are available at https://value-ability.com/episodes.
In this week's episode, we focus on practical applications to help clients manage their investments and income. We cover the 4 Cornerstone Smart Money allocation concept and discuss how to implement it in coordination with core asset allocation principles.
The article review looks at specific recommendations advisors should consider discussing with their clients in the current market.
The Q&A section includes thoughts on how to manage expenses for those who have lost their primary income, as well as a discussion of buying the "bottom" of the market.
Downloadable copies of the 4 Cornerstones allocation and all pieces discussed, as well as a link to this week's article, are available at https://value-ability.com/episodes.
The market has continued to see the extreme volatility carried over from last week, and it is likely to continue until there is more clarity around the impact of the worldwide response to the COVID-19 virus.
In this episode, we discuss the "Three Bucket" concept to manage your own emotions during stressful times. We also revisit the acronym "BEST" in more detail as a way to communicate effectively with clients who may be scared, anxious or uncertain.
This week's article review looks at the way market downturns are covered by the media, and we explore ways to minimize the emotional impact of negative news.
The Q&A section covers ways to manage client expectations and some of our key learnings from this market downturn.
A downloadable copy of the "BEST of Times" piece and a link to this week's articles are available at https://value-ability.com/episodes.
This week saw world financial markets impacted by news regarding the COVID-19 virus. During times of chaos and fear, financial advisors must rise to the occasion and deliver the value and service their clients need, even though it may be difficult.
In this episode we review a piece called "Chosen or Frozen", which details a survey given to retail investors during the market turmoil following 9/11. We discuss what insights can be taken from this survey and how to apply them during the current climate of investor uncertainty.
In this week's article review, we look at a piece discussing the value provided to retirement plan participants by plan advisors.
The episode wraps up with our Q&A section in which we discuss the value of retirement plans and the best piece of financial advice we have ever received.
A downloadable copy of the "Chosen or Frozen" piece and a link to this week's article are available at https://value-ability.com/episodes.