The Long Game: Recent Episodes
Thomas Kopelman
The Long Game podcast is a podcast designed to help educate our generation (people in their 20's and 30's) about money. In each episode you will hear us break down complex financial topics that are relevant to you and your life.
Most high net worth people think insurance is less important for them, but that could not be further from the truth.
Insurance is so important for high net worth people but the way you structure policies is very different.
This is part 1 of an insurance series where we go over auto, what to look out for, what you want in your policy, etc.
In this episode with Callie Cox, we talk about the recent FED rate cut and what it means for you.
We then go into tilts we have in our portfolios, what we think about the markets over the next couple years, and much more as it relates to investing.
This is part 2 of a series of estate planning for business owners.
In this episode with Dave Haughton, we use an example and plan for a business owner who will be over the estate tax exmeption.
We think about structures like:
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family limited partnerships
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charitable remainder trusts
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SLATs
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Dynasty trusts
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trusts in various states
And talk through what each of these are and the benefit they can have.
Estate planning is important for everyone. But even more important for business owners. If you were no longer able to make decisions for your business, what would happen?
If you answered you have a POA or you don't know, then you need to get on this ASAP.
In this episode, we have Dave Haughton on to talk about:
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Trusts vs wills
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Why most business owners need trusts
-Why POAs are not enough
- Real estate holdings and the need for LLCs
And much more!
It's no secret that interest rate changes are coming.
With that comes a lot of good like lower mortgages and cheaper borrowing on other loans.
But is also means lower rates on cash, bonds, etc.
In this episode we go talk about what is happening and what it means for you. We talk about refinancing, recasting, what you should do with your cash, etc.
Real estate is something almost everyone wants to invest in.
Why?
Because of 'passive income'.
But is real estate really that passive?
Or is it as easy as people make it out to be?
In this episode with Raj Tut, we talk:
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his journey with investing in real estate
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how you have to view it like a business
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mistakes others make (and one's he has made)
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what to look for when investing in a fund
For high income earners, deferring taxes to the future can be a great move.
But you are oftentimes limited to the $69,000 you can put into a 401(k). This is where cash balance plans come into play. You can potentially defer hundreds of thousands more using this tool.
In this episode with Ben Lake, we talk all things cash balance plans, how they work, the good, the bad, etc.
As you get further along in your financial journey, the decisions you make have HUGE impacts.
Many turn to friends, family members, peers, etc for advice. The problem... it is not tailored to you.
It's what has worked well for them and they are telling you about it. This can be dangerous.
And it's a huge reason why having a planner who knows you, your goals, your values, your fears, and your situation is so valuable.
HSA's and FSA's are both great accounts.
They allow you to save for health expenses on a pre-tax basis.
In this episode we walk through:
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what an HSA is
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what an FSA is
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what health plans allow for each
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how most use FSA's incorrectly
This is a question that comes up time and time again.
Many believe that the party of the president matters. They assume the markets do better with republicans and worse with democrats.
But is this true?
We dive into the data to explore this further.
Roth = post tax
Traditional = pre-tax
Both have their benefits and can be the right account at different times.
In this episode Thomas and Jacob breakdown:
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how Roth accounts work
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how pre-tax accounts work
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when it might make sense to use one vs the other
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Roth conversions
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which we use and prefer
Self employment retirement accounts are one of the best tax planning tools out there.
The two main choices to pick from are Solo 401(k)s and SEP IRAs. Both can be good in the right situation.
IN this episode, we break down:
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what each one is
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how it works
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contribution limits
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which we prefer
Most business owners start out just trying to survive.
And then all the sudden, they are successful and they have no clue what is going on with the financials.
They have never been taught what to do, what they know to know, what the numbers mean, etc.
This is where outsourced CFOs can be so valuable.
In this episode with Kurtis Hanni, we talk all things business financials and when and why hiring an outsourced CFO can make sense.
In this episode with Taylor Schulte, CFP we talk:
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how to plan for retirement
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the big risks you face
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how to overcome the mindset shift as you switch from accumulation to decumuluation (the hardest part for everyone)
Asset location is something that is really important for investors to know about.
Asset location is all about putting the right assets in the right accounts for tax purposes.
We dive more into asset location, what assets make sense in which accounts, and much more!
Most consumers invest without having an intentional asset allocation. This can lead you to a lot of risk when being over exposed.
IN this episode, we break down:
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what asset allocation
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the importance of it
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what we believe about international exposure
Most think Jacob and I are not fans of insurance. But this could not be further from the truth. We implement term and permanent insurance for our clients.
We just hate how often permanent is sold to the wrong person.
In this episode, we have on insurance expert, Colin Webb, to talk through all things life insurance:
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what term is and how it works
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what permanent is and how it works
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which is a fit and when
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why working with an expert is so important
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insurance terms that are important for you to understand
One of the hardest things for people to figure out is "what is enough" for them. For most, they have a number, they hit it, and then the goal poasts move.
What can you do to work through this?
It really depends on what your motives really are.
Most people are worried about money. They think the next income or net worth target will change that, but it doesn't.
Time and time again we see this happen.
So how you you best handle this?
Listen as we help you think through this as well as how to eliminate guilt around spending.
In this episode with Paula Pant, we talk:
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Current state of the jobs markets
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Current state of the stock market
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Current state of interest rates
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What they all mean for you
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How planning changes when rates are where they are
In this episode with Abby Davisson, we talk through:
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her book and what the 5 C's are when going through a big decision
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a few life situations she has had and how she went through the decision
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how to make sure you make decisions based on what is most important
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how financial planners help do that
In this episode with Tyler Harris we talk:
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What C Corps are and how they work
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Why a business would and would not want to be a C Corp
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What QSBS is and the tax savings it can create
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How to stack QSBS
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What QSBS packing is to maximize the tax free potential
In this episode, we walk through:
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all the mortgage options you have and what we prefer and each did
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the ongoing costs of owning a home
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what to change in your financial plan after buying
In this episode we walk through the upfront costs of owning home like:
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down payment
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earnest money
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property taxes
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insurances
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furniture
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etc
So you can best be prepared when you buy.
In this episode we go through Jacobs real life example of:
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what he bought for
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what he sold for
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costs that went into it to maintain the home
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taxes and fees
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The real return he got over 7 years
Rent vs buy is a constant debate.
Both Jacob and I are homeowners yet we can be realistic and look at the numbers.
In this episode we chat about:
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when renting can be better
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when owning is better
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the numbers behind mortgages
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and much more!
In this episode, Jacob and I talk about:
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how important it is to carve out different forms of investing as a business owners
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how investing is different as a business owner
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how to think through concentration
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how concentration alters the way you invest externally
In this episode with Ankur Nagpal we talk:
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about him scaling his first business to over $25mil in revenue
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tax planning moves he made to get $3mil capital gains tax free
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other tax planning moves to consider
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the power of solo 401(k)s
In this episode with Thomas and Jacob go through 10 of the biggest mistakes they see business owners make.
Some of the one's covered are:
- Holding too much or not enough cash in the business
- Not planning taxes
- Waiting till right before tax filing to do tax planning
- Not thinking Tax election status
- QBI
- Optimizing retirement accounts
Real estate syndications are really popular today. But not all of them are created equal.
Aleksey helps us understand:
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what they are
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how they work
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mistakes people make when investing in them
In this episode with Michael Girdley we talk:
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his journey from starting one business to now running 10
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how to create your perfect day
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advice he has for other business owners
In this episode with Thomas and Jacob they break down:
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what tax planning moves you still have for 2023
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the need to change from being reactive to proactive on tax planning
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talk through private equity from everything in the news recently
In this episode with Rafael Loureiro we talk about:
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how to grow a business
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how to raise capital
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the challenges that come with raising capital
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what to look for in the people who are giving you money
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how to maintain culture
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why investing in second time CEOs can be wise
In this episode with Thomas Kopelman and Jacob Turner, we talk about 10 misconceptions people have like:
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leaving money in the business means it is not taxed
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low deductibles are most important on insurnaces
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the goal is to pay the least amount of taxes this year
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Always go Roth or always go Traditional
And much more!
In this episode with Preston Holland we talk:
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The various ways to fly private
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At what wealth levels you can afford each type
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How much they all cost
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The tax benefits for business owners
In this episode with Jacob and Thomas, we talk about:
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how we manage our money
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the tax planning we do
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our savings and investing priorities
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if we do Roth vs traditional
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how we spend our money
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how we invest
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mistakes we have made
In this episode with top NIL lawywer, Darren Heitner, we talk:
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About his journey from sports agent to law firm owner
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About all things NIL, how it works, how they are paid, etc.
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Financial planning for NIL athletes, soloprenuers, etc.
The start of the year as a business owner should be about planning.
IN this episode we walk through:
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How to get organized
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How to think through what you will do this year with your business and how to make key strategic decisions
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The documents you need to understand
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Why tax planning is important to start at the beginning of the year
In this episode with Steven Jarvis, CPA, we talk:
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Roth vs traditional
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what a Roth conversion is
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how to do a Roth conversion
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Times it makes sense and time is does not
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Things to look out for
In this episode with Dr. Julie Gurner, we talk about:
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what traits the ultra successful have
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the power of working with coaches
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the importance of drive over motivation
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how you can only really focus on 3 important parts of your life from work, to friends, to family, to working out, etc.
In this episode and the start of a new season, I welcome on a new Cohost, Jacob Turner.
In this episode we share our stories of why we became financial advisors.
We also talk about:
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the value of good advice
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the impact of avoiding big mistakes
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how much of a change a few key decisions can make
For the last episode of this season, I did my first and hopefully last solo episode (with a sore throat).
In this episode, I talked about:
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the power of doing backdoor Roth contributions
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how to properly do them
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why you need all other IRA balances to be $0 at year end
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how to accomplish that and having them be at $0
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the need for form 8606
If you want to read more about that, here is a great blog post I did on this topic before.
Financial planning is complex enough for US citizens. Yet many plan to move out of the US for retirement. So how do you best plan for that?
In this weeks podcast with Jack Thomas, we talk about this and what to consider. As well as help talk through financial planning for people who are from abroad and working in the US now.
In this episode with Mark Cecchini, CFP® we talk about:
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The various types of liquidity events
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How to best plan for them
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Tax planning based on type of equity
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What equity to sell first
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How to best take the emotion out of the decision
So many people say they cannot get a mortgage because they are a business owner and they aren't wrong.
It is more complex... but doable. You just have to know the right people and the things you need to do to make yourself a better candidate.
We walk through what that looks like in this episode with Carl.
The end of the year is the BEST time to be doing tax planning.
But you may be wondering what you need to think about doing.
In this episode with Ryan Dolan, we walk through 10+ tax planning moves you should be thinking about. We talk through both business owners and employees.
IN this episode with Daniel Crosby we talk about:
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How the Jones's are not as rich or happy as you think
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How time is scarcer than money
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How a house is a place to live, not an investment
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How market corrections are more common than your birthday, expect them
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How if you are excited about an investment, it's probably a bad idea
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Why infrequent splurges bring the greatest happiness
You guys will love this one!
In this episode with Rubin J. Miller, CFA we talk:
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what is going on with interest rates and how that effects the way you should create a portfolio
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what makes a good portfolio
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why the bond allocation should be different for everyone
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why allocation to just US stocks might not be the best move
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why I do not hold bolds
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and so much more
In this episode with Mitchell Baldridge CPA we deviate from the financial topics and talk:
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Building a business
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Lessons we each have learned
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Why we both like working on multiple things at a time
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Business lessons on solving problems, growing, etc.
You will really enjoy this change of pace.
In this episode with Adam Nash, we talk:
- His journey and all the major companies he has been apart of an ran (Linkedin, dropbox, Acorns, Wealthfront, and now Daffy)
- The benefits of donating to charity
- What a donor advised fund is
- How to best use donor advised funds
- Some real life examples
- And then we go through his new company helping make this easier, Daffy
You can check out more about Adam and Daffy below:
Twitter: (@DaffyGiving)
YouTube
Adam’s Twitter (@adamnash)
Adam’s LinkedIn
In this episode with Cody Garrett, CFP we talk:
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the difference between Roth and traditional
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why all Roth all the time is not often the right move
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the pro's and con's of each
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real life example
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the power of Roth conversions
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and much more!
In this episode with Christopher Gipe we chat about:
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why you need to protect your wealth
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how to protect your wealth
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the basics parts of asset protection
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the more complex parts like domestic asset trusts
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the "it cannot happen to me" mentality
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some stories to help people understand what CAN happen to you
In this episode with Frazer Rice, Author & Host of the Podcast "Wealth Actually", we talk:
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All about the corporate transparency act coming in 2024
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What changes are coming in 2026 as tax laws sunset
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How to plan for them based on what wealth level you are at
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Why waiting till 2025 is a bad choice
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Some charitable planning ideas for families to instill values in their children
In this episode with Mike Zung, CFP® we talk:
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ALl things ISO's, how they work, how they are taxed
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What AMT is and why you need to watch out for it
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How to best plan around ISO's
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Tax laws that could drastically change the picture and planning around ISO's
In this episode I introduce you to my new hire, Ryan Dolan and share what the role is, what the plans are, our story and how we know each other, etc.
In this episode with Anne Rhodes (my co host for my wealth.com podcast) we talk what to do after you have a trust:
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How to fund it
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What accounts/investments should go in
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What should be named in the trust vs beneficiary
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And much more
This is a really important topic as way too many have unfunded trusts out there.
In this episode with ben Lake, CFA, CFP® we talk:
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the importance of having a financial decision tree
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how to prioritize what is the best tax moves/financial moves with what matters most
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mistakes we see people make as they get wealthy
In this episode of the Long Game Podcast, we have on Jacob Turner, fellow financial planner as well as former pro baseball player. He was actually a top 10 pick in the draft out of high school.
He took this experience, what he went through, learned, etc. and decided that he wanted to be a financial planner that helps pro athletes and business owners.
You can hear us talk about:
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financial planning for athletes
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the power of making a lot of income early on
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how to help yourself make decisions that align with what is important to you
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how to navigate and plan/not plan for retirement
And much more!
In this episode with Dasarte Yarnway we talk:
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Why leveraging your time is so crucial as a business owner
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Why you need to spend your time where it is most valuable
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The importance of having a great team around you that speaks to each other and is on the same page
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And who is needed on this team
In this episode we Roger Ledbetter, CPA we talk:
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Why entity structure is the first place to start
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QBI and how it applies and effects taxes
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Why you don't typically want to hold real estate in your business
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How to maximize and think through deductions
In this episode with Dr. Preston D. Cherry, AFC®, CFT-I™, CFP®, we talk:
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Balancing spending
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How to not care what others think and to spend according to what you can afford
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How to understand your money story
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How to get on the same page with money with your spouse
In this episode we talk about the various ways you can invest in your education like:
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books/podcasts/blogs
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courses
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financial plans
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ongoing relationship with an advisor
As well as who fits in each bucket and why.
If you want to sign up for your course and get $50 off, join the waitlist here.
In this episode with startup lawyer Mike Gorback, we talk:
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Why S corps are not ideal for companies who plan to take on funding
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How founders get compensated through Restricted stock
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Why ISO's are carved out
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How ISO's and restricted stock are taxed
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What an 83(b) election is and the power of them
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How to best do and 83(b) election
And much more!
In this episode with Christopher Gipe (top estate planning attorney) we talk:
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What asset protection even means
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Ways to do it
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Why it is so important the more wealth you build
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How many are missing out on key asset protection pieces when they own rentals
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And much more!
In this episode with Rohit Agarwal we talk what we are seeing in the current lending markets and what to think through for each type of debt.
This is a special episode!
I recently (in the last couple of weeks) took the head of community role at wealth.com. The second I saw this product and me the team, I was blown away with it. So I asked for this role and now got it.
If you have not yet, go checkout wealth.com
In this episode with Sean O'Dowd we talk all things real estate investing:
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How to pick a niche
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Why cash flow matters
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What you need to know when looking at different deals
In this Episode With Andy Panko, CFP®, RICP®, EA we talk some of the debates we see consumers and advisors having:
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Permanent life insurance: the good, the bad, the use cases, etc.
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Active vs passive investing
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Different type of fee models
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Worrying about tax refunds or not
In this episode with Brandon Hall, we talk all things utilizing real estate for tax planning:
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active vs passive
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short term vs long term rentals
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Why it is such a powerful asset class
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The tax benefits of real estate
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why return on equity is a great metric for real estate
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and so much more!
In this episode with Ben Lake, we talk:
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why estate planning is so important for founders
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estate planning moves to consider
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revocable vs irrevocable trusts
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the power of donating to charity
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the best ways to do it, foundations, donor advise funds, charitable remainder trusts, etc.
In this episode with Mark Cecchini, CFP, we talk:
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what QSBS is
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the benefits of it
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how to qualify
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83(b) elections
In this episode with Barrett Linburg we talk:
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What an opportunity zone is and what options you have to invest in them
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All the tax benefits that exist
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Why founders when selling should at least consider utilizing them
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Whether you should do your own or work with a company
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Why you need a great team around you to execute on this strategy
In this episode with George Acheampong Jr. we talk:
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financial independence and the value of it
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ways to get there faster
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why increasing income should always be priority one
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why understanding what matters and what your desired lifestyle is
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the power of a high savings rate
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the buy, borrow, die approach
Go and give George a follow on twitter, linkedin, and instagram.
In this episode with Matt Chiappetta, CPA we talk:
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whether you can hire your children or spouse
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the do's and don'ts of hiring them
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what to look out for
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the tax benefits of doing it
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and much more!
This episode goes deeper than most. Thomas and Khe Hy talk about:
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Khe Hy's childhood, time on WallStreet, and why he left to start his own business
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how money and happiness do not go hand in hand
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why it is important to figure out what your enough is
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why you need to do some digging into understanding what is most important to you and what will bring you happiness
This was of the best episodes and guests by far.
In this episode with Alessandro Chesser we talk:
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his journey in tech
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the need for trusts
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why living trusts can be so valuable
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his company and how they are helping with this problem
Then some reader submitted questions:
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Should I buy a house now or wait?
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Should I invest my emergency fund?
In this episode with Anthony Price we talk:
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all things business and taxes
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S Corp
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C Corps
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QSBS
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QBI deductions
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Hiring family
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Charitable remainders trusts
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Limiting capital gains taxes
And much more!
In this episode with Andrea (Product Growth Leader at Meta) we talk:
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all things FIRE
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the good and the bad of FIRE
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the power of a personal mission statement for your finances
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how the true benefit of pursuing FIRE is optionality
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why you need to really map our your financial life
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the power of knowing your ENOUGH
In this episode with Jenny Rozelle (again). We talk the 4 most common estate planning mistakes she sees.
Do not let this be you!
In this episode with estate planning attorney Jenny Rozelle we talk:
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what estate planning is
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the most common types of trusts
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why each are use, the good, the bad, etc
In this episode with Mark McGrath we talk:
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how financial planning is different for physicians
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how starting to make income later changes the planning
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how to balance lifestyle creep and the increase of income so quickly
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how to avoid burnout
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the most important times to engage with a planner as physician
In this episode with Travis Hornsby we talk:
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what is going on with student loans
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what changes have been made
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the new IDR waiver and some examples
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PSLF changes
If you need help with your student loans head on over to https://www.studentloanplanner.com/. They can help for a very affordable price.
In this episode with Ian Gutterman we talk:
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The basics of Homeowners, Renters, Auto, and Umbrella Insurance
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What you need to know about each
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What they cover and why they are needed
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Mistakes people make/don't think about with each
In this episode with Darin Tuttle we talk:
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the current state of the market
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whether international should be a portfolio or not
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tax location and asset allocation
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how to view long term investing
WE switched things up this week and had Treyton back on to talk:
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What's to come with AllStreet Academy, why we created it, the price, who it fits for, when it launces, etc
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How we have grown AllStreet Wealth and what our future plans are
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Plans for the podcast
In this episode with Ryan, The Real Estate CPA we get into the weeds of real estate tax planning and talk:
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why real estate is so attractive
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ratios for understanding good deals
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how to turn it from passive to active to offset income
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and much more!
In this episode with David Walsh we talk about:
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Ways to prep for the sale of your business
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Mistakes we often see made
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Why you need a really good team around you
In this episode with Odaro, we talk:
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what it looks like to be financially healthy
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why these are so important
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why you need a plan
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why you have to stop making excuses for yourself
Hope you enjoy!
This is the most powerful episode I have put out or recorded before.
Ryan Russell is a professor at Penn State as well as the old CEO of Twenty Over Ten before they sold to FMG guide. Ryan also is fighting brain cancer right now.
In this episode we learn:
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how he started and scaled his company to a sale
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how to overcome hard times
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the power of a strong community
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how to keep a strong mindset through anything!
This is the only episode I have ever teared up during, but man is his story powerful.
In this episode with Russ Ford we help debunk the idea that all debt is bad debt and should be avoided. We talk about:
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how understanding yourself and your money beliefs matters to how you tackle debt
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various debt tools like HELOC, cash out refinances, securities backed loans, 0% interest credit cards, student loans, and car loans!
In this episode with Ian Weiner, CFP(R) we chat all things tax planning:
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why you have an obligation to pay the least amount of taxes within the tax code
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why charitable giving is a great option, how to bunch it, etc
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why real estate is a great asset class and tax planning tool
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becoming a real estate professional and why it is so hard but beneficial
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cost segregation studies
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And much more! You will learn a lot in this one.
In this episode with investment specialist, Callie Cox we talk about:
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Why The first investing question is always about time frame
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The importance of finding your why with investing
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Creating parameters for investing
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Millennial trends around crypto, risk, etc.
In this episode with Travis we talk;
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financial planning moves to make before year end
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financial planning things to think through for 2023 while you are at
-
unique things business owners can do before year end
In this episode with Zach Ashburn CFP, we talk:
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how to think through when you can exit
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what you can exit to
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how to financially prepare and think through starting a consulting business
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what the risks and advantages are
Are you looking for a way to take your income to the next level? Look no further - today we share 5 "Income Accelerators" with you.
Jeff Rose is a Certified Financial Planner and founder of the award-winning blog GoodFinancialCents.com. He went from over $30,000 in debt to becoming a multi-millionaire by working tiredly to perfect ways to increase his income and make money while he's sleeping.
From accelerating learning and personal coaching to joining a mastermind group or finding a mentor, he'll show you how to use these strategies to maximize personal and business growth.
But don't just take his word for it: by investing in relationships and building your network, you can open yourself up to even more opportunities
In this episode with Torie Happe we talk about:
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whether you should pursue your passion or not
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how to make your job more meaningful
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why we all need to do hard things
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And much more around life, work, retiring early, etc
In this episode with Beez we talk about:
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how she has build her social following
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how to get into a high paying career (and what options are out there)
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why focus on growing your income over cutting expenses
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what money advice she has for others
In this episode with health insurance expert, Matt Allen we talk about:
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all the insurance terms you need to know
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difference between hsa, fsa, hra
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options you have as a business owner
In this episode with Andres Mazabel (Head of sales at Trust and Will) we talk about:
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why you need your estate planning done
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how to complete it
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what it covers and why it is not just about wealth
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what trusts are and when it makes sense to use them!
If you want to get yours done, use this link for 10% off at trust and will!
In this episode, Thomas (solo) answers 4 questions submitted in by the listeners of the podcast! Hope you enjoy.
In this episode with Rachael Camp, CFP®, we talk:
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why you need to know your money story and what it can tell you
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why you need to know what you value
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the evolution of money and why we are not good with it
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how to prioritize long term happiness over short term
And much more!
In this episode with Taylor Jones, Short term rental expert, we talk about:
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Ways to invest in short term rentals
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How and why to pick a niche
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Specifics into what it is like
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How to save for it and plan
And much more! Check it out if you plan on doing AirBnb in the future!
In this episode with Ashley Quamme, LMFT we talk:
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about how marriage and finances exist
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your options on how to manage your finances as a couple
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best practices for handling your finances
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how to avoid conflict
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when therapy is needed to help get through the problems
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and much more!
In this episode with Andy Edstrom we dig more into Bitcoin. Andy has worked in finance his whole life, started integrating crypto into his RIA early, and now works at Swan Bitcoin. He shares the. value of Bitcoin, what it is, how it should be viewed, future uses and growth potential, etc.
In this episode with Thomas and Treyton you will hear us talk about:
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What our first year was like
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How to pick a business partner and even more importantly, how to be a good partner
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How we determined and constantly raised fees
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Advice for other business owners getting started
In this episode with Riki Cooke we talk about;
- his traveling experience
-tips he has to better save and prepare for college
-how to take advantage of sabbaticals, time between jobs, etc to travel
-good credit cards to use and how to use them
In this episode with CoFounder of BC Brokerage, Peter Ciravolo, we talk about:
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how he has become a digital nomad
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how you can make travel more of your life
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travel hacks, when the best time to book is, how to use points, etc.
In this episode with blogger and new financial planner, Jesse Cramer we talk about all the basic investing questions you have:
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asset allocation
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what percent can be for play money or alts
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why you have to have part of your portfolio in things you value
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are retirement accounts a scam like some say?
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best way to handle cash flow
And much more!
In this episode with Brendan Frazier, we talk:
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how psychology and money meet
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how the way you grew up changes the way you view money
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how to make better money decisions by knowing yourself
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how to figure out what you value/what your goals are
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how to make decisions that align with your life and how that can be different from others around you
In this episode, Thomas and Treyton talk about:
-what branding is
-the importance of focusing on your personal brand
-how to define your target market, where to market, and what to post about
-steps to getting your own marketing going
-do's and dont's with content marketing
In this episode with Samuel Deane we talk about:
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What private investments are and why they can be great
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How to be an accredited investor
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How to build wealth as a millennial
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Advice he would give his younger self
In this episode we have on two financial planners as well as Bitcoin experts to talk:
-what Bitcoin is
-how Bitcoin is different than other crypto projects
-what Bitcoin solves
-What they expect Bitcoin to be in the future
-How to invest, what range of allocations, and where it can come from
In this episode with Nicole Casperson we chat:
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What it is like to be a full time creator
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Shifts we are seeing in the industry around people and brands
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The future of fintech and what consumers can look forward to
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How to grow and build an audience
In this episode with Odaro Aisueni we talk about:
-why equity should the main priority
-best forms of equity
-3 do's and do not's of equity
And much more on the topic of equity comp, business ownership, etc.
In this episode with Tyler Olson we chat about:
-whether pursuing your passion is the right idea
-how to determine whether more school makes sense
-why more school when you are unsure what to do is often the wrong idea
-student loan forgiveness options and plans
-how to fund college and if 529 plans make sense
In this episode Thomas and Treyton talk about all things going on in the crypto markets:
-what stable coins are
-what happened with Terra/Luna
-if what happened is good or bad for industry
-how when things are too good to be true, they probably are
-how to manage and not take too much risk with your portfolio
In this episode with Lauren K Aumond we chat about:
-her experience with rental properties
-the good and the bad with owning rentals
-why she prefers of short term over long term rentals
In this episode with Brittney Suttle we chat about:
-common tax mistakes business owners make
-how to decide when to hire
-why you need good book keeping and when the best time to outsource this is
-why having a financial team in place around you is so important
In this episode we have on Brian to talk all things investing:
-his investing journey
-why he invests in individual stocks but why that probably isn't the best option for others
-why he doesn't like investing in real estate
-And much more!
In this episode we have on Jason Wenk, CEO Of Altruist. You will hear:
-About his journey, the businesses he has built
- Advice he has for business owners
-And a lot of great takeaways for any business owner trying to scale
In this episode we have on Taylor Simpson to talk about:
-microlending and how his product is an investment opportunity and way to give back to others at the same time
-why microlending is a need for so many
-the problem with the current US system
-how to help and give baack to communities you care about through this
In this episode with Broc Buckles, CoFounder Of BC Brokerage, an insurance firm that partners with Fee only Financial planner, we talk about the biggest mistakes and misconceptions people have around insurance.
He put an interesting and fun spin around insurance and we only talked about the things you may be overlooking.
In this episode with Nick Maggiulli we rifle off 30 questions from his book that relate to your life as a millennial. Some of the topics include:
-Why you should focus more on your career than investing early on
-Why investing in stocks is so hard, and why it is so hard to tell if you are good at it
-How to know how much you need for retirement
-how to manage lifestyle creep
-how to help with guilt you feel from spending
-why you shouldn't max out your 401(k) first
And so much more!
You definitely will want to go preorder his book with this link.
And go follow his twitter here.
In this episode we chat about:
- the new tax guide we dropped that you can get here by subscribing to our AllStreet Wealth newsletter: https://www.allstreetwealth.com/taxguide
-how the US tax system works
-the difference between marginal, progressive, and effective taxes
-how different investment accounts are taxed
-difference between tax credits and deductions plus some common ones that are used
Don't forget to subscribe to the newsletter to get your free guide! Plus we will be dropping a new guide every month moving forward
In this episode with Chris we talk about:
-why you should prioritize equity early on
-the 4 biggest mistakes people make with equity comp
-some equity comp best practices
-some tools to use from Chris' company website secfi
In this episode with Tyrone Ross Jr. we talk about:
-why BTC is different than all other crytpoassets
-how to view BTC and ETH
-why the word "cryptocurrencies" is misleading and probably not the best word. Cryptoassets would be a better description
-ways for BTC to become a better currency
This episode is a little different than normal. We update you on what is going on in the world today and how it is going to effect you. Then we chat about the value crypto has during this time. Then we wrap up with some helpful advice for you on what you should be doing and thinking about during a potential recession.
In this episode, we have the Chief Investment Officer of Plancorp, Peter Lazaroff on to talk about:
-How to invest during a volatile market
-How to manage emotions when they are pushing us to do the opposite of what we know we should do
-Things to remember during a volatile market
-Why one mistake can derail your financial progress
In this episode with Robert Petrozzo, The co-founder of RallyRd., we talk all things alternative investments:
- What is alternative investing?
- What forms of alternative investing exist?
- Why are people interested in alternative forms of investing?
- What is RallyRd and what can you invest in there?
- The future of RallyRd and alternative investing
For the last number of years, personal finance and working with an advisor was all about investments. But times have changed, the way advisors bring real value to clients is through helping them live the life they want.
In this episode we talk about what real financial planning looks like.
Then we answer these key questions people always ask:
-why have an ongoing relationship with an advisor?
-what value does an advisor bring?
-How to truly develop your goals and the value of a mission statement for your financial life
And much more! Hope you enjoy. Carl is one of the best.
In this episode Thomas and Treyton talk about:
-What househacking is
-Whether it can be a good idea or not
-The good and the bad of it
Dave Ramsey is one of the most well known people in the finance world. And while Dave is great at helping people who have a lot of debt, he may not be the best to listen to for others who are beyond that in their financial journey.
In this episode we talk about 6 different things that Dave has wrong and why!
Many people have started to invest in cryptocurrencies and NFT's as of late.
However, many do not understand how taxes work with this asset class.
In this episode we have on Co-Founder and CEO of Reconcile, Jaimin Desai to explain just how taxes work with crypto.
In this episode with the famous Caitlin Cook we talk:
-How to get educated before you invest in crypto
-Why education has to be step 1
-How to build a twitter following like Caitlin
In this episode we have on Eric Jorgensen to talk all things Web3:
-What is Web 1, 2, and now 3
-What problems is it solving
-Different projects he is excited about
-How to build in public and how that changed his life forever
Welcome back for part 3!
In this episode we have on 2 crypto experts to help us talk:
-DEFI, what it is, why it matters, what issues it solves
-What the metaverse is, how it will evolve, jobs that will exist there, etc.
In part 2 of our intro to crypto series, we talk a lot about NFT's:
-what are NFT's and what is non fungible?
-what makes NFT's valuable?
-What’s the connection between NFTs and cryptocurrency?
-what are the use cases for NFT's now?
-what future use cases are there for NFT's?
In this episode we have on Adam Blumberg, CFP the Co-Founder of Interaxis and a cryptocurrency/crypotasset expert.
We answer all the basics for you:
What is money?
What is blockchain?
Why is this the next evolution of technology?
What is Bitcoin?
What is Ethereum?
And much more, you won't want to miss this one.
Let's be real, our parents are always trying to look out for us. This is obviously a really good thing, but the problem is they may not have expertise in everything they are advising you on.
Most of the time the advice they are giving is based on what worked for them when they were our age. However, the world has changed quite a bit since they were in their 20's and 30's so some of the things that worked for them, may not be the right things for you to do.
In this episode, we break 6 down pieces of advice that you probably shouldn't listen to today.
Most people view finances in their marriage as one. You have one checking account, savings, account, etc. and that is the only correct way to do it. And if you don't do it that way, then you have bad marriage and don't trust the other person.
This could not be farther from the truth. There is no one correct way to do things, every person and relationship is different and the way you manage your finances can be too.
In this episode we share the 4 different options couples have, how they work, which ones we have seen work best, etc.
For the first time, we have a guest, Kent on this season of the Long Game.
In this episode we talk about
-how to prepare for a home
-costs you may not think of that need to be planned for
-how the process differers for business owners
-how to buy a rental property and the differences there
And so much more. We truly take a deep dive in this episode, you don't want to miss it.
In this episode Thomas and Treyton talk about flexibility and why it's so important for your life.
As young professionals, so much of your future is uncertain. We have no idea how our life will change, what we will want, etc. so planning for flexibility is extremely important.
Thomas and Treyton break down why they plan mostly for flexibility and how to do it.
In this episode we talk about FIRE, what it is, how much it would take to save for it, and whether we like it or not.
Most people view retirement as an age range. "I will retire at age 60." When in reality, age is not the way to shoot for retirement. Retirement is just a math equation to figure out how much you need to retire.
Check out this episode if you are thinking of going for FIRE or if you are wondering what it is.
In this episode we share with you exactly how we manage our money. From:
-How we manage cash flow
-How we save for taxes
-How we set up of our business
-How we invest and what we invest in
Get to know exactly how a financial advisor manages their money and also things we don't do and why we don't do them.
In this episode we talk about company benefits and how to maximize them with open enrollment being around the corner.
Your benefits are a huge part of your compensation so it is important to take them seriously and thin through:
-which health insurance plan to use and why (HSA)
-disability insurance
-look into 401k and stock compensation
Then we finish the episode talking about how to tach your kids about money, different exercises, tools, etc. and why it all starts with you as a parent.
In this episode Thomas and Treyton start out talking about the difference between investing and gambling and how they really aren't the same thing at all. With gambling, the house always has more favorable odds and the more you play, the lower your chances of coming out on top is. With investing, it is the exact opposite. The longer you hold and invest (a diversified portfolio) the higher your odds of making money are. You can read the full blog post here https://thomaskopelman.com/2020/10/investing-is-not-gambling/.
Then we answer a question from our audience on how to save for short term goals. Most people don't segment out and save individually for each goal, you will hear us explain how and why it is so important to break up your savings goals.
In this episode Thomas and Treyton talk about how personal finance is much more personal than it is finance.
We are told all the time what the best textbook financial decisions are, but the thing is real life is not lived in the spreadsheets. You need to make decisions that are best for you and your life.
We go into multiple examples of decisions that are not the most optimal but still can be the best for you.
Then we end talking about credit cards, if you should use them, who shouldn't, and also about 0% interest cards as well as spreading purchases out over months.
In this episode Thomas and Treyton talk about what net worth is, how to calculate it, and why it is the most important metric to track.
Then we chat about credit cards, tips for using them, if you should use 0% credit cards, etc.
If you liked this episode please leave us a review!
In this episode you will hear Thomas and Treyton talk about why investing is completely different than when our parents were younger. We have instant access to info, influencers and famous people pushing investments, new return expectations, etc.
Then we talk about the difference between ROTH and Traditional accounts and how to think through which one to use.
In this episode Thomas and Treyton chat about 8 steps parents should take to improve their financial situation for their kids. The full blog post can be read at https://www.allstreetwealth.com/post/8-steps-to-set-up-your-family-for-success.
Then they answer a readers questions "should I invest in crypto?" And all the considerations and action items that should be done before you start investing in crypto.
In this episode Thomas and Treyton start by answering a question from the audience "should I invest or pay off debt."
Then we dive into the topic "Why Hire an Advisor In Your 20's and 30's," people oftentimes say that its simpler because these people are younger, but that is not true. Age and size of investments does not determine complexity. Young people are going through so many life changes, and it is important to have a partner help you get these financial decisions right.
In this episode Thomas introduces Treyton as a co-host of the podcast.
Season 2 is going to be a little different than season 1, we are going to do shorter episodes that will focused on educating millennials on financial topics that are relevant to their lives.
We also share everything about our new firm, AllStreet Wealth!
In this episode with Nate we talk about:
The Orr fellowship, landing a job he wasn't sure he wanted but now he knows he needed
Starting his multiple businesses, what he learned from each, growing them, etc.
The power of having good mentors and how to find them
In this episode with Derick we talk:
-Dericks journey from moving every couple years growing up, to playing college basketball, to playing for the Harlem Globetrotters, to creating his own business -How sometimes you have to hit rock bottom to really change -How he helps athletes reach their full potential through their mindset and how you can too
In this episode with Andy we talk about building out a youtube channel, his photography/videography business, his Tesla, and how he has become a debt free millionaire by 31. Andy shares advice he has for millennials and anyone who is trying to build something on the side.
In this episode with Thomas and Justin we talk about:
Thomas' journey from quitting basketball to trying to figure out what he wanted to do with his life
Speaking what you want into existence
Advice for millennials around money
In this episode with Alex we talk about:
His pursuit out of college to working at Goldman and Google Building an audience, listening to them, and create products for them Using shortcuts to be more efficient How a healthy body helps in every area of life
In this episode with Erica we talk about:
- Moving from a job she was unhappy at to starting her own health coaching business
- Focusing on the combination of health, stress, movement, ect to live your best life
- How you will never become happy by reaching your dream job, dream body, etc.
- Running a business and chasing her dreams even when people said to not do it
- How we all need more happiness in our life
- How to breakdown what you do and do not like to figure out what path to take career wise
- How to trust your inner voice
- Advice she has for millennials
In this episode with Brendan King, we talk about his journey of being a sports announcer. We also talk about when he first fell in love with it, the power of a voicing your goals and getting people to rally behind you, the glamorous and not so glamorous parts of his jobs, and some cool stories along the way.
In this episode with Samantha Russell we talk about her journey to being Chief Evangelist for FMG Suite. The unique marketing approaches she took to growing Twenty over Ten with her husband and the power of content, specifically video.
Samantha Russellis one of the best and brightest minds in the marketing space for financial advisors. She was most recently the Chief Marketing Officer for Twenty over Ten until they FMG Suite bought the company. Now she is Chief Evangelist Officer for FMG Suite. Last year she was honored with the InvestmentNews40 Under 40 award as well as being named to the "10 to Watch" list by WealthManagement.com.
In this episode with Taylor King we talk about:
- Going against the grain and choosing a career path that Taylor is passionate about and loves
- Working for one of the most famous influencers in the game (Alisha)
- Having multiple streams of income
- What it is like to be an influencer
- Finding success once she dove into being uniquely herself and not pretending to be someone else
- Producing content (that sometimes can be cringey) and how to overcome the fear of what others think
- How to take advantage of creativity when it strikes
- The power of a strong network
- Her future aspirations
Paul Jorgensen is a currently a professional basketball player for Cab Madeira in Portugal. Previous to that, he grew up in New York where he was nicknamed 'Prince Harry of Harlem'. After he graduated high school, he spent 2 years at George Washington then transferred to play basketball in the Big East at Butler University.
In this episode we talk about making decisions that are best for yourself, chasing your dream, never giving up, and always believing in yourself even if others don't.
In this episode with Alan Stein, Jr. we talk about his journey post D1 basketball where he paves a new path and starts training basketball players. We also talk about his experience with Kobe and the basics, how he's woven his passion into his life, and some advice for younger people he wish he knew in 20's.
In this episode with Austen we talk:
- About his mission he went on to Ukraine after leaving BYU
- To living in his car as he went all in on betting on himself
- To writing a book to get the seed money to start the Lambda School which is all about helping people transform their financial lives
- To his experience with Y Combinator
- To managing a business that is getting hundreds of thousands of applicants a year (managing growth can be tricky)
- To his best and worst money decisions
Austen Allred is the Co-Founder and CEO of Lambda School. A native of Springville, Utah, Austen’s start-up journey began in 2017 with him living in his two-door Civic while participating in Y Combinator, a San Francisco-based seed accelerator. This experience became the foundation of Lambda School’s rapid growth.
Before founding Lambda School, Austen was the co-founder of media platform GrassWire. He co-authored the growth hacking textbook Secret Sauce, which became a best-seller and provided him the personal seed money to build Lambda.
Austen’s disruptive ideas on the future of education, the labor market disconnect, and the opportunity of providing opportunity at-scale have been featured in: The Harvard Business Review, The Economist, WIRED, Fast Company, TechCrunch, The New York Times, among others. Austen is fluent in Russian and currently lives in San Francisco Bay Area with his wife and two kids.
In this episode with Tyrone Ross Jr. we talk about
- His journey of being the first one in his family to go to college
- To almost competing in the Olympics as a runner
- To digging under a seat of a car for change to buy himself food
- To working on Wall Street
- To being a financial advisor and the CEO of Onramp Invest
- To ultimately running his nonprofit that will be bringing free financial education to everyone in the US.
We also spend some time talking about Bitcoin and the problems it is solving. Please rate 5 stars and share if you enjoyed!
In this episode with Jeremy Ross Miller, we talk about him starting his first business at 16, how he learned through failing and entrepreneurship instead of college, not being a victim, and the power of a great network.
Jeremy is a 21-year old writer, marketer, content creator, and entrepreneur. He launched his own social media agency that has helped brands all over the the US and now is the VP of marketing at Kennected, a software company in Indianapolis.
In this episode with Justin Castelli, we talk starting your own firm, his journey with entrepreneurship, living a life of purpose, and some advice for you the listener.