The Journey Mindset: Recent Episodes
Sean Ullrich
The Journey Mindset is a podcast focused on helping people enjoy the process of learning to invest and manage their finances. We believe cultivating a "Journey Mindset" is the key to unlocking your financial future. The podcast focuses on investment strategies, market updates, and brings on special guests with the goal of keeping our listeners up to date with the latest financial education.
Learn more about Sean by reading his articles, connecting with him on social media, or visiting seanullrich.com
Sean and Ron launch their first podcast in 2022! After a casual conversation discussing the pros and cons of Short Term vs Long Term rental properties, the guys discuss how these two income streams could be a way to enjoy your financial journey a little more. Tune into our show today to hear a couple of different ways to set up an alternative income stream for yourself, while also playing the long term investment game.
Be sure to connect with us at www.cornerstone2invest.com
One of the best ways that investors can set themselves up for a tax-efficient retirement is to be strategic about what accounts that withdraw from and when. In this week's episode Sean and Ron look at what types of accounts investors can have in retirement, and what are some of the best ways to utilize those accounts. You won't want to miss it!
Be sure to connect with us at thejourneymindset.com
In America, we have an educational environment that causes many people to be tied down for decades with student loans. Today's show looks at some other educational routes students can take outside of the traditional four year college. While going to a four year college is still the gold standard in our opinion, it should not be the only route that people consider given their possible career choice. Today's show could save you years of heartache and pain!
Be sure to connect with us at: thejourneymindset.com
If you are someone that is currently paying off student loans, wants to prepare for the possibility of paying student loans, or just want to help inform the people around you about student loans--this is the show for you! Tune in to our show today to hear Sean and Ron's take on the different routes people can travel down when considering taking out student loans.
Be sure to connect with us at thejourneymindset.com
When is the right time to sell an investment? In our show this week we review over two investment analyst's framework for selling an investment. Having a framework like this can be key for having long term investing success!
Be sure to connect with us at thejourneymindset.com
How many investment vehicles are you aware of that allow for triple tax advantages? Tune into our show this week to learn about Health Savings Accounts to see if you qualify for one of these accounts and how it might fit into your investment portfolio.
Be sure to connect with us at thejourneymindset.com
What are some of the best ways that we can reduce our overall tax bill? Tune into our show this week to see many different types of expenses that small business owners can write off, and how that process works.
Be sure to connect with us at thejourneymindset.com
In this episode we talk about financial literacy, the ability to make wise decisions about your money, and how it is one of your most important assets. After going over Dave Ramsey's baby steps and what we would add (4:13 to 17:42), we break financial literacy down by talking through some of the biggest purchases in life, such as…
- Buying a home (18:44)
- Raising a child (21:13)
- College education (23:13)
- Paying for a car, wedding, funeral & vacation (short to mid-term investment planning) (27:08)
- Incurring other forms of debt, utilities and insurance (29:24)
If you enjoyed this podcast be sure to subscribe, review and connect with us at thejourneymindset.com or visit our company page cornerstone2invest.com.
Connect with us at thejourneymindset.com
What is usually the number one priority for most wealthy individuals? Reducing their tax bill. Tune into our show this week to see how Capital Gains are taxed and some strategies you can utilize to give you the best shot for long term performance!
Be sure to connect with us at thejourneymindset.com
This is a retired individual's dream! If only all of us as investors could build our portfolios to a point where we could live off the dividends--we would be living the dream. Tune into our show today to see how dividends factor into investing and how they could potentially be a fit in your investment portfolio.
Be sure to connect with us at thejourneymindset.com
How can you best prepare for the final stage of your life? Tune into our show today, to stay on top of some major unexpected expenses that people have to deal with in retirement. Ron is able to give us the perspective not only as a former advisor, but also a currently retired individual. What a combination. Check it out!
Be sure to connect with us at thejourneymindset.com
On our solo show this week we dive into the top two types of Cryptocurrencies, Bitcoin and Ethereum, and how those investments came into play in today's day and age. In order to make any investment, it is crucial we understand the components of what comprises that investment selection. Check it out to learn how each could impact your investment portfolio.
Be sure to connect with us at thejourneymindset.com
On this episode we evaluate a podcast done with Dennis Lynch where he details how they build their investment teams at Counterpoint Global--while also detailing part of their investment selection process. If you are an investor looking to improve upon your investment framework, this is the show for you!
Be sure to connect with us at thejourneymindset.com
What does it take to master the market cycle? This week's show dives into Howard Mark's framework for viewing the market and what he believes really drives the market as a whole. This is the second time we have examined an investor's entire market framework on the show and we believe it gives our listeners another phenomenal opportunity to build upon their confidence and market knowledge as investors.
In this episode we examine the market framework and what drives the market as a whole. This includes understanding…
- Market tendencies (2:54)
- Cycles within the market (5:03)
- What influences the market cycle (9:43)
- Taking the temperature of the market (17:00)
- Knowing if you prefer to be more aggressive or defensive (20:27)
If you enjoyed this podcast be sure to subscribe, review and connect with us at thejourneymindset.com or visit our company page cornerstone2invest.com.
Sean and Ron take a look at how we as individual investors can make the most of working at our main place of employment. This can be the number one wealth building tool for most investors and a great place to stash our monthly contributions for retirement. Tune into the show today to figure out a handful of 401(k) strategies you can employ, along with key questions you can ask your current employer to try to put yourself in the wisest place possible.
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Determine if your 401k plan has a match (5:04)
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What to do if your company does not offer a match (7:16)
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Find out if your company has a Roth option, and which type is best for you (11:16)
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Look at the available investment fund selection (15:32)
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Know what all you can use your 401k for and its benefits (20:49)
If you enjoyed this podcast be sure to subscribe, review and connect with us at thejourneymindset.com or visit our company page cornerstone2invest.com.
If you are an individual or a family that is considering meeting or working with an advisor for the first time, this is the show for you! Sean and Ron look at some common ways that advisors try to navigate the initial meeting with a client. The end goal for this episode is that our listeners are better prepared for that first meeting with an advisor and feel more comfortable and confident about their financial situation.
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Show Notes
In this episode we discuss some of the main topics typically brought up during a first meeting with an investment advisor…
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Open questions to understand an individual's current life situation (5:20)
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Investing experience (9:25)
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What the individual is interested in and expect financially in the next few years (15:44)
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The main purpose for today's meeting (19:19)
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How the advisor believes they can help you (23:33)
If you enjoyed this podcast be sure to subscribe, review and connect with us at thejourneymindset.com.
Have you every wondered to yourself if you have enough money to retire? You are not alone! Tune into our episode this week to see how many investors can avoid the downfall of going into retirement with a lot of stress and worry. Sean and Ron debate on what is the best route to take, to give yourself the most confidence heading into that final stage of life!
Be sure to connect with us at thejourneymindset.com
In this episode our listeners can learn how some of the most successful investors of all time employ the concept of "Margin of Safety" into their portfolios. Sean and Ron give their take on how each investor employ's this strategy and how it can be used based off of individual investor's risk tolerance and long term investing goals. Check it out today, to see how this strategy could possibly impact your long term investment performance!
Be sure to connect with us at thejourneymindset.com
Don't overreact to this episode title, but don't under react either! Our topic for this week is trying to take the healthiest view possible of the incredible market growth that we saw in 2020. While not trying to guess the exact timing of the market, we do have the ability to look back at the similarities of the past three major market crashes. Tune in to hear the bubble framework provided by Jeremy Grantham of GMO Asset Management and what we at Cornerstone Financial Consultants have to say about Grantham's comments.
Be sure to connect with us at: thejourneymindset.com
Tune into our show this week to see the new investing trend that has started to take over our market in 2021. As we've seen many investors shift their capital from growth assets to value assets, Sean and Ron discuss the reasons why the market has ended up in the place it has, as well as what we might be able to expect going forward. Check out the show to see if they think this trend will continue, or if we are in for another shift in the near future!
Be sure to connect with us at thejourneymindset.com
Have you ever wondered if it's possible for you to become a millionaire!? That's exactly what our show discusses this week as Sean and Ron review over the main principles in the book by Chris Hogan titled, "Everyday Millionaires: How Ordinary People Built Extraordinary Wealth--and How You Can Too".
As you listen to this show, we will be going through and de-bunking a ton of financial myths along with discussing some incredibly helpful facts and figures that will give our listeners insights on how to slowly become everyday millionaires. Be sure to tune in to learn how you can improve your overall financial knowledge!
Connect with us at thejourneymindset.com
How should you think about Asset Allocation as an investor? After battling through some technical difficulties in producing this podcast Sean and Ron bring our listeners high quality information--produced with some low quality audio. Tune into our show today to learn six different asset allocation strategies that investors may choose to employ when putting capital to work inside of their portfolios. The goal for this show is for our listeners to leave with a few more tools in the toolbox as long term investors.
Be sure to connect with us at thejourneymindset.com
Better get those Bibles ready!! Sean and Ron take a look at some biblical principles that allow people to truly have rock solid finances. Building off the teachings of Christ's Church of the Valley, we look at shifting our perspective, understanding the scripture behind tithing, and formulating a budget that allows us to be "money managers" for God. Tune into the show today to learn and apply some scripture to your own personal financial situation!
Be sure to connect with us at thejourneymindset.com
Tune into the show this week to see Sean and Ron build off of the framework that "The Money Guys" have put together when it comes to considering paying off debt vs investing. On this show you can expect to learn about credit card debt, student loan debt, auto loans, and then finally paying off your mortgage vs investing. This show gives our listeners a very practical approach and a couple of pre-set frameworks that allow us to make wise financial decisions. If you enjoyed the show, be sure to rate and review!
Be sure to connect with us at thejourneymindset.com
This week's show looks at the investment philosophy of Todd Ahlston, long time portfolio manager for Parnassus Investments, as he shows us what he believes is the best way to navigate our current market environment. Comparing our investments to different positions on the soccer field, it can allow us as investors to cater our investment strategy to what best fits our risk tolerance. Tune into our show this week to continue adding to your investment framework!
Be sure to connect with us at thejourneymindset.com
What were the the top performing sectors of 2021? A year after having some incredible growth in the tech and work from home industries, we saw quite the change of pace to begin 2021. As the market started to shift into what some investors would consider to be more cyclical sectors, investors are now faced with the question of, will this trend continue, or will it shift back to the higher growth stocks? Tune into our show today to see what Sean and Ron thought of Q1's performance as a whole!
Be sure to connect with us at thejourneymindset.com
Today the guys look at an investment framework from a very well known Hedge Fund Manager Ray Dalio. He is the founder of Bridgewater Associates and the author of the book "Principles" to see how he makes sense of what drives the market. Taking one of the more difficult concepts any investor can try to do and simplifying it is the goal of today's show. See what Dalio has said to be an effective strategy for understanding some wise ways to position yourself as an investor for the long term. Tune in to boost your overall investing knowledge today!
Be sure to connect with us at thejourneymindset.com
In our episode this week, Sean and Ron breakdown some of the major criticisms of capitalism as a whole, while also contrasting those criticisms to the four tenets of conscious capitalism. A movement started by the founder of Whole Foods, John Mackey, we learn what it can look like to build a business on pillars that last.
The definition of conscious capitalism according to consciouscapitalism.org says, "Conscious Capitalism, Inc. supports a global community of business leaders dedicated to elevating humanity through business. We provide mid-market executives with innovative and inspiring experiences designed to level-up their business operations and collectively demonstrate capitalism as a powerful force for good when practiced consciously."
Tune in to hear how some of these businesses have incorporated these tenets into their life and how America ranks compared to many other major countries when it comes to being generous.
Be sure to connect with us at: thejourneymindset.com
Sean and Ron hit the ground running (pun intended) with this episode looking at a possible return to travel in 2021. After a devastating year for the industry in 2020, with the continued vaccine rollouts and optimistic outlook on the future, this episode takes a look at how our economy can be effected with a country focused on getting back to their adventurous ways. Tune in today to hear how your investment strategy could potentially benefit from taking a look at this sector.
Be sure to connect with us at thejourneymindset.com
What are the most common financial lies that we tell ourselves? This week's show is inspired by an article in Financial Advisor Magazine that calls out how we as individuals fabricate what is going on in our financial lives. Tune in to this show to see what those commons lies are and how to avoid some of those financial pitfalls in your life.
Be sure to connect with at as thejourneymindset.com
Following an incredibly challenging year in 2020, 2021 has investment analysts projecting growth in many Emerging Markets throughout the world. As an interesting investment area, Sean and Ron take a look at some major countries that comprise the Emerging Market Index and where investors can start to pay attention. The show focuses on China, India, and Brazil as we dig deeper into what drives each of those economies. Tune in to hear where some possible investment opportunities could be!
Be sure to connect with us at thejourneymindset.com
Have you ever felt like you weren't as prepared financially as you would like to be? If so, we've got you covered. This episode titled, "Why Didn't They Teach Me This In School" digs into some key elements that we believe all investors should consider as they transition out of the traditional educational experience in America. Building off of questions in the book, "Why Didn't They Teach Me This In School" by Cary Siegel; Sean and Ron dive into some life experiences and strategies they believe will help our listeners prepare themselves for the financial challenges ahead. We go through some practical solutions to creating a financial future focused on healthy relationships, habits, and strategies to put our listeners in the wisest place possible for success.
Be sure to connect with us at thejourneymindset.com
Sean and Ron explore some common characteristics found in Healthy Companies in 2021. In a year where valuations of individual companies are much higher than usual, we think it's best to assess each company on an individual basis to get a better idea of the overall health of that particular company. Tune into this show to see how some of the best investors today evaluate their potential investments!
Be sure to connect with us at: thejourneymindset.com
In a look back into some of the most famous investing letters of all time; we can see that in the year 1995, Warren Buffet had a quote that stated, "This was a year in which any fool could make a bundle in the stock market." Given the recent events happening in our market (small groups of people manipulating stock prices), we think that we could learn from Buffet's perspective during an unusually good market. Sean and Ron take a look at the pieces of information that Warren Buffet found to be valuable during time periods of incredible growth, and if you tune in--you will learn as well!
Be sure to connect with us at thejourneymindset.com
Manufacturing as an industry continues to play a huge role in our domestic economy. It has been called "the heart and soul" of a lot of small towns across America. Due to the rise in technology and innovation in the manufacturing sector, many jobs have been displaced, thus forcing other industries to adapt and compensate for this on-going challenge. Tune in to our show today to get a better understanding of the manufacturing sector as an investible industry, and how that can apply to your investing strategy today!
Connect with us at thejourneymindset.com
There are a lot of investment strategists that have given us projections heading into 2021. Sean and Ron examine the different strategic outlooks many well known financial firms have given us this year and give their take on what to expect with this every changing economic landscape. There are 5 main themes this show focuses on when it comes to investing this year, all in an effort to prepare our listeners to be investing experts heading into 2021!
Be sure to connect with us at: thejourneymindset.com
As we enter into the New Year, Sean and Ron dive into their 2021 goals across a variety of categories. Turning the page on a really tough year for the economy and many people in the country, the guys look ahead to ways they feel like ultimately build "wealth" in life. Tune in to hear all seven categories and how you as the listener can start your year off in a similar fashion!
Be sure to connect with us at thejourneymindset.com
In our Christmas episode this season we take a look at some biblical principles of finance--Stewardship and Contentment. Building off the framework that Randy Pope, a pastor out of Perimeter Church in Georgia put together, it helps the guys give their take and experiences on four different ways to live a more fulfilled life for Jesus. Referencing scripture out of the Bible that has shaped their own lives, Sean and Ron share different ways that these biblical principles can change your life too!
Connect with the show at: thejourneymindset.com
Sean and Ron explore both the history of the automotive industry with today's show, while also looking at what our future might hold. It's becoming more clear as time goes on that the shift towards electric vehicles is not only the wisest thing for our world to start focusing on, but probably an essential to maintain the type of world we all want to live in. Tune in today to see where we started in the automotive industry and where it looks like we are headed.
Be sure to connect with us at thejourneymindset.com
This week the guys take a look at a growing push for our country to consider a Universal Basic Income. With the rise in technology and the job displacement happening due to the ongoing technological revolution happening globally, this is a topic that many people are starting to consider more and more. Take a listen to see how the proponents of Universal Basic Income argue that it will make a reasonable difference in our country, while also seriously considering the implications of making such a move.
Be sure to connect with us at thejourneymindset.com
One of the on-going global competitions throughout the 21st century will be between the United States and China. Sean and Ron dive into the economic policies first put in place by president Donald Trump, the implications of a Joe Biden presidency, and an overall view of the Chinese economy and where it stands today. Doing their best to take a 10,000 foot view of the situation, the guys hope to give the listeners a better understanding of how investing in American companies differs from investing in Chinese companies as it stands today.
Connect with the show at thejourneymindset.com
The guys take a look at one of the wisest moves investors can make: setting up multiple income streams in their life. Catering to each individual's preferences and skillsets gives people a chance to set themselves apart from the average investor by increasing the income they have coming in. Sean and Ron look at what the top side hustles of 2020 are and how investors can aim to put themselves in a place of financial freedom if approached and executed the right way. Give this episode a listen to see what that might be for you!
Connect with the show at thejourneymindset.com
The guys review over national best-selling book, Retire Inspired by Chris Hogan, who is a member of the Dave Ramsey Solutions Team. The book encourages its readers to re-imagine the way they see the final chapter of their lives. Just like any other phase, retirement is going to come with many different obstacles. Tune in to hear how Chris suggests people overcome those financial obstacles, while Sean and Ron weigh in.
Keep up with Sean at:
thejourneymindset.com
Sean and Ron evaluate their own strategies and practices for navigating their investing lives. They believe that developing a growth mindset as an investor can be one of the key ways to put yourself in great situations. Starting off with sources of information, navigating to the investing community you surround yourself with, followed by many more examples of ways people can keep themselves on the right track to financial freedom.
Be sure to connect with Sean at:
thejourneymindset.com
The guys get into the Halloween spirit by explaining some of the scary truths of people not investing during their lifetime. Looking back on some of their favorite Halloween experiences, Ron taps into his inner spooky ghost voice to have a lot of fun with this one. Investors can expect to take away some valuable lessons on the challenges investors will face in the future, and why investing earlier is always a good idea.
Connect with Sean at: thejourneymindset.com
Sean and Ron look at the two different directions the country can go depending on what happens in this year's election. Detailing how our election process works and then looking at the two different platforms each candidate is running on, the guys give their take on how the election could shake out. Tune in to hear what each candidate stands for and some potential implications if either candidate gets into office. As always be sure to connect with us at:
thejourneymindset.com
Sean and Ron take a look at the sectors and industries that have thrived during this incredibly difficult Coronavirus time. In a year of challenge for many, some businesses have found a way to still forge ahead to drive our economy forward. This episode details those industries and also takes a look ahead at what industries we believe will continue to move the market going forward. As always be sure to connect with us at:
thejourneymindset.com
Sean and Ron take a look back at some of the most influential investors throughout history. The show details the investing journeys and strategies that these particular investors have undertaken in order to achieve their place amongst some of the greatest investors of all time. If an investor listens to this show, they will come away with some key lessons that will allow them to unlock their financial future. As always be sure to connect with us at:
thejourneymindset.com
Sean and Ron examine the differences between being a growth investor and being a value investor. During the previous 10 years, as of the recording of this podcast, growth investing has significantly outperformed value investing. As investors, we still believe it is important to be able to identify the roles that both of these strategies play in our investment portfolio. When an investor can utilize both strategies effectively, when the market conditions deem it appropriate, one puts themselves on track for long term investment success. As always connect with us at:
thejourneymindset.com
Sean and Ron take a look at the "10 Commandments of Retirement" by Fritz Gilbert who operates a website called The Retirement Manifesto. Fritz helps people transition to the final stage in their life, and to do so successfully. This episode looks at some major considerations people need to make before they enter into their final stage of life. There is not much number crunching going on in this episode, more so getting investor's minds moving in a direction that fulfills the life they want to live.
Learn more about Sean by visiting:
www.thejourneymindset.com
Sean and Ron break down some of the key differences between the most common retirement options available to investors today. Starting off with 401k's Ron gives us his perspective on how to best utilize these over the years, while the guys also dive into effective ways to fund your IRA of choice. Tune in to see how starting these plans at an early age can set you up for financial independence.
Learn more about Sean here: thejourneymindset.com
Sean and Ron take a swing at their first mindset session of the year, looking ahead at the upcoming 2020 election and the ongoing situation of having the Covid-19 pandemic in the world. The hope of this episode is to move our listeners from investors that could be driven by fear, to investors driven by opportunity. The guys dive into some strategies that have worked for them over the years.
See more episodes or learn more about the show at www.thejourneymindset.com
Sean and Ron take a look at the rise of the day trader. During this Coronavirus pandemic, there has been a rise in interest in people trying to make a profit off of the short term fluctuations in the stock market. This episode tries to lay out some of the strategies day traders use and why it has proven to be ineffective for most people who try this. Not to be all negative, Sean and Ron lay out how they believe wise investing should be done, all in an effort to set our listeners up for long term financial success.
Find us here: thejourneymindset.com
Sean and Ron take a look at the growing positions of the top end of the S&P 500 Index and why investors need to be aware of how large of a portion these particular companies have grown to. The average investor may not be aware that current market indexes are not as diversified as they may think. The guys also look at some of the real benefits that an investor has when they set aside some cash in anticipation of a market downtown or the wise move of allocating a portion of their investible assets to cash to be ready to hop on some potential market opportunities. Tune in to hear more!
Sean and Ron take a swing at (pun intended) what it looks like to tie the game of baseball with the investing world. This podcast teaches the listener a wide variety of investment strategies--paralleled to what a batter does at home plate-- to achieve specific investment goals--correlated to outcomes in a baseball game.
Connect with us at: thejourneymindset.com or cornerstone2invest.com
Tune in to listen to Sean Ullrich, a current financial advisor at Cornerstone Financial in Washington, MO and Ron Scheer, a former financial advisor, talk about how artificial intelligence is influencing investors today. They also take a look at the role that presidential elections have had on the market over the long term and what investors can do to put themselves in a position for long term success.
Reach out to them today at www.cornerstone2invest.com or thejourneymindset.com
Sean and Ron discuss an investment article titled, "Crisis Causing More Young Adults to Seek Out Financial Advice." According to the article in the Financial Advisor magazine by Raymond Fazzi this current crisis has caused roughly 20 percent of people to seek out financial advice. This episode talks about building a strong financial foundation to help an investor navigate and prepare for downturns in the future and to set themselves up to be successful investors in the future. Tune in to hear how financial downturns have effected investor's behavior then and now!
On this episode of The Journey Mindset Podcast, Sean and Ron look at two different ways people tend to invest. Both active investing and passive investing have been two of the most popular investment styles in recent history, Tune in to hear how the advisors at Cornerstone Financial Consultants in Washington, MO help their clients understand what style is best for them.
Sean and Ron dive into the different investment choices that people have in today's market. We give a brief outlook on mutual funds, ETFs, stocks, bonds, Certificates of Deposits, and Annuities. The goal for this podcast is to keep our listeners more informed as to nature of the investment choices they have, thus allowing them to make more informed investment decisions.
Sean Ullrich and Ron Scheer look at what kind of investment moves people can make in their 50's, 60's, 70's, and even into their 80's. As we enter into the beginning phases of retirement for most people, we think this can be the beginning of a new and exciting next phase of your life. We try to paint the picture that retirement can really be as enjoyable as the sacrifices and planning that you have done up and until this point. There is still plenty of hope for those that have the desire to retire in a comfortable fashion in today's day and age, so thank you for checking out this episode of The Journey Mindset Podcast.
Today's episode details some important details to consider when investing in your 20's, 30's, and 40's. Our hope is that it will be the beginning of a conversation that can be expanded upon at a later date. Depending upon what age you are, that will play a big factor on the type of investments that you will consider. Tune in to see how investing at an earlier age, gives the investor many advantages over someone who chooses to invest at a much later date.
In the premiere episode of the Journey Mindset Podcast, Sean and Ron look at setting up your life in a way that allows you to use your income to the best of your ability. So many times people overlook their income as being their number one wealth building tool in their life. Listen in to see how setting up your life in a way that allows for saving and investing, might just be the wisest thing you could do for your financial future.