Your Mentor To and Through Retirement
Increasing Knowledge – Deepening Belief – Inspiring Action
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Should I Buy or Lease a Car?
Many people claim leasing a car is cheaper. Others assert it’s more expensive. When should you buy, and when should you lease?
Should I Buy a New or Used Car? Pt 2
Buying a new car is FAR more expensive. What do we need to have achieved financially to buy new? What about emotionally? Learn the principles you need before buying a new car over a used car.
Should I Buy a New or Used Car? Pt 1
Whether or not you should buy a new car depends on the total cost of the car. What is that new car truly costing you? Let’s find out.
Debt – Less Sooner vs. More Later
Using debt is choosing less sooner over more later. You will have less over your lifetime if you spend more on interest and save less into investments. The opposite is also true. Life satisfaction is usually found in an intentional balance.
3 Questions for Better Decisions
When you’ve made a decision, ask yourself these three questions. It’ll either confirm your decision is wise, or it could prevent you from making a horrible mistake.
Don’t Measure the Moment
“We’d all be better investors if we just made fewer decisions.” Daniel Kahneman, Nobel Laureate Economist “The stock market is tumbling!” cries out every journalist. “The sky is falling!” The market is down. Really? Compared to the all time high? Then yes, it’s down 13% as of today. That’s measuring the moment. We’re up over…
The Four Horsemen
The Behavioral Mistakes that Destroy Us as Investors.
Should I Buy Bitcoin?
Before you buy Bitcoin or any other cryptocurrency, here are some things you should know.
Embrace Volatility
Don’t be afraid of market volatility. It is how we earn superior returns for the long term. Embrace volatility, and ensure your advisor does the same.
Why do I Need Tax Planning?
There is a difference between tax preparation and tax planning. Tax preparation asks, “How can we save the most taxes last year?” Tax planning asks, “How can we save the most taxes over a lifetime?”
3D Retirement Income
3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others will teach you how to Retire Successfully and stay Successfully Retired.
Save Money – Spend Money
“You gotta spend money to save money.” Sometimes spending a little money is the best way to save a lot of money. In this episode we look at three ways to spend some money in order to save more. They are Detail your Car Buy Gift-cards Hire a Coach Detail your Car One of the…
Save Money – Avoid Ads
“Advertising is the art of convincing people to spend money they don’t have for something they don’t need.” Will Rogers Cashflow in King in Financial Planning. Income and outgo are two sides of the same coin. Much of retirement planning is figuring the outgo and how to support it with income. Saving money helps us…
Victorious Cycle – Plan & Execute
“Visions without execution is hallucination.” ~Thomas Edison How do we actually achieve our Vision, Targets, & Goals? Two ingredients: Planning with Purpose Executing with Excellence Resources Mentioned: Planner: VictoriousPlanner.com Planner: FullFocusPlanner.com App: Todoist Book: The 12 Week Year This article is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or…
Victorious Cycle – Vision, Targets, & Goals
“People may spend their whole lives climbing the ladder of success only to find, once they reach the top, that the ladder is leaning against the wrong wall.” ~Thomas Merton In creating a Victorious Cycle, you need three ingredients to start: A Vision, Targets, and Goals. 👁 Vision Inspiring Life Change Vision can be further…
Victorious Cycle – Life Domains
“I always wanted to be somebody, but now I realize I should have been more specific.” ~Lily Tomlin Finances fund our life. The rest of life really matters! If we are going to spend most of the year focusing on finances (which we are), let’s take a few weeks at the end of the year…
To Roth or Not to Roth
“Two things in life are guaranteed: Death and Taxes. At least we can control the timing on one of them.” Knowing and acting on the difference between traditional and Roth retirement accounts could save you, or cost you, ten of thousands of dollars. Tune In! This article is educational only and is not intended to…
Gratitude is the Way
“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never have enough” ~Oprah Winfrey Nothing you accomplish or achieve in life will matter without gratitude. Tune In! This article is educational only and is not intended to be investment, legal, or tax advice…
Investing, Speculating, & Trading, Oh My!
“The individual investor should act consistently as an investor and not as a speculator.” ~ Ben Graham There are key differences between Investing, Speculating, and Trading. They are NOT the same. And understanding the contrast could mean the difference between success and failure. This Podcast is educational only and is not intended to be investment,…
The Fourth Dimension
“Those who are the happiest are those who do the most for others.” ~Booker T. Washington The Fourth Dimension: Donation: Income that IMPACTS others beyond you. Embracing 3D Retirement Income allows you to fully explore Donation. Tune In! This article is educational only and is not intended to be investment, legal, or tax advice or…
Life-Time Capital Gains
“What cannot be achieved in one lifetime will happen when one lifetime is joined to another.” ~Harold S. Kushner Discard Short-Term Thinking. Embrace Long-Term Thinking. Evolve to Life-Time Thinking. Tune In! This article is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this…
Health Super Accounts
“The greatest wealth is health.” ~Virgil Health Super Accounts, technically known as Health Savings Accounts, are the best account to fund. Learn about these amazing accounts as we enter in to Open Enrollment for many people. This article is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether…
Time Horizon
“The two most powerful warriors are Patience and Time.” ~Leo Tolstoy Your Time Horizon (when you will be using you investments), is important. But traditional ways of thinking about Time Horizon are flawed. Learn the crucial phases of Time Horizon. This article is educational only and is not intended to be investment, legal, or tax…
Timing the Market
“The only function of economic forecasting is to make astrology look respectable.” ~John Kenneth Galbraith, Harvard economist When the market is moving, people being to wonder whether they should try and time its cycles. Let’s look at timing the market, specifically: Why one would (and shouldn’t) try to time it. Why being “Right Twice” is…
Aligning Capital & Values
“Real Financial planning is aligning our use of capital with our values.” ~Carl Richards For World Financial Planning Day, we’re discussing how Financial Planning can help align your use of Capital (Time, Energy, and Money) with your Values (what you say is important to you, and what actually is). Tune In! This article is educational…
The True Cost of Free Advice
“Price is what you pay. Value is what you get.” ~Warren Buffet Often we seek free resources or the advice of people without a price tag. But there are many hidden costs to “free” advice. We discuss the types and how to avoid them. Tune In! This article is educational only and is not intended…
Creating a Financial Planning – Finding a Planner
“If you pay peanuts, you get monkeys.” ~ James Goldsmith You’ve looked at all that’s entailed with financial planning, and you’re considering hiring a professional Financial Planner. Let’s cover the Why, Who, and How of finding a Planner. Why find a Planner We studied the Benefits of Financial Planning. All comprehensive and competent planning can…
Creating a Financial Plan – One-Page Financial Plan
Your calculations are complete. Let’s put the results On Paper, On Purpose, all on One Page.
Creating a Financial Plan 6 – Estate Planning
“In the end it’s not the years in your life that count. It’s the life in your years.” ~Abraham Lincoln Estate Planning is not just for the wealthy. It’s for anyone who wants to control what happens to their dependents and their assets when they pass, especially if you want to avoid: Family Fights Family…
Creating a Financial Plan 5 – In-Retirement Planning
Before you retire, you must know that you CAN retire, and STAY retired. Pre-planning your retirement before you get there is essential for a successful retirement.
Creating a Financial Plan 5 – Pre-Retirement Planning
Before you retire, you must know that you CAN retire, and STAY retired. Pre-planning your retirement before you get there is essential for a successful retirement.
Creating a Financial Plan 4 – Tax Planning
Be sure to tip your servers, not the IRS. Tax Planning is less about saving taxes this year than saving taxes over your LIFETIME.
Creating a Financial Plan 3 – Insurance Planning
Insurance Planning protects our financial plan for the best value, letting us apply savings to other aspects of the plan.
Creating a Financial Plan 2 – Investment Planning
Investing funds our financial planning goals. Investing with a plan helps ensure we succeed. How do we create an investing plan, and not just a portfolio?
Creating a Financial Plan 1 – GO, Net, Flow
The first steps in creating financial plan are GO, Net, Flow: Get Organized, Determine Net Worth, and Control Cash Flow
In Creating a Financial Plan, Start Here.
Creating a Financial Plan 0: 5Cs
“Those who fail to plan, plan to fail.” ~Benjamin Franklin You need a financial plan. How do you Create a Financial Plan? First we need to cover WHO is creating the plan. Whether you are a DIYer intent on creating your own Financial Plan, or a Delegator looking to hire someone to create it, You/They…
The Trouble with Target Date Funds
“Be sure you positively identify your target before you pull the trigger.” ~Tom Flynn Insert Tex Target Date Funds are the default options for many investors in their 401(k)s. Not because they are great options, but because they cover the butts of 401(k) companies and employers. But they have their troubles. TDFs are Dumb. They…
Risk Tolerance is Stupid! Pt2
“Risk Comes from not knowing what you’re doing.” ~Warren Buffet Investing based on a Risk Tolerance Questionnaire is STUPID!!! Almost every investor needs to answer a Risk Tolerance Questionnaire before investing. These questionnaires determine the investor’s destiny. These questionnaires are dumb. We’ll look at two more problems with RTQs, and the solution. Tune In! This…
Risk Tolerance is Stupid! Pt1
“Successful investing is about managing risk, not avoiding it.” ~Benjamin Graham Investing based on a Risk Tolerance Questionnaire is STUPID!!! Almost every investor needs to answer a Risk Tolerance Questionnaire before investing. These questionnaires determine the investor’s destiny. And these questionnaires are dumb. We’ll look at some of the problems with RTQs, and next week…
Insurance you Do/n’t Need
“There are worse things in life than death. Have you ever spent an evening with an insurance salesman There are some insurances you need, and others you don’t. Insurances you DO need: Health Insurance Disability Income Insurance Term Life Insurance (if you have dependents, previously covered) Home & Auto Insurance Insurance you MAY need: Long-Term…
Term Limits
“If you’re married you want the right amount of life insurance. Too little and they may be in trouble if you’re killed. Too much and you may be in trouble of them doin’ the killin’.” ~Anonymous If you have people depending on your income, YOU NEED TERM INSURANCE! What is Term Insurance? Who needs it?…
Long Term Care & Other Uses
“In the hospital they throw you out in the street before you’re half cured. But in a nursing home, they don’t let you out until you’re dead.” ~George Bernard Shaw While Permanent Life Insurance is wrong for most people, there are a few good uses for it. We will cover the three good uses for…
Life Insurance Lies!
Life Insurance Agents and “advisors” will use many tactics to sell you permanent life insurance. But you don’t need it! We over 10 myths here.
What About the Risk?
Investing in the stock market is risky! Or is it? Investing risk is NOT what you think it is.
Smoking is Hazardous to Your Wealth
Think smoking is costing you $4.50? Try $4,500,000.
Breaking News!
“Do you live under a rock?” Nothing is more ubiquitous, or dangerous, the the infatuation with news. You would be better off ignoring it all together.
Is Dave Ramsey Wrong?!
Many people follow Dave Ramsey’s principles. But many others, including professionals, think he’s mistaken. So who’s wrong, Dave or his Detractors?
How to be Above Average
No one wants to be average, let alone below it. Let’s explore how you can be above the pack. First, though, we need to understand “average.”
Seven Pillars of Victory
Trying to build a successful financial life? There are Seven Pillars to build it upon. Good news! Timing and luck are not among them.
Six Benefits of Financial Planning
Whether completing your own plan,
Or working with a pro,
There are Six Benefits to planning
That you should know.
Five Questions to Ask Your Financial Advisor
There are Five Questions that you should ask your Financial Advisor. Whether you are looking for a new advisor, or already have one, these questions should be asked by you to two-three advisors to ensure you have the right one for you.
The Four Horsemen
There are Four Mistakes we make as investors that are most responsible for our abysmal investor returns. They are Chasing Returns, Poor Diversification, Euphoria, and Panic. We also address two defenses against the Horsemen.
Belief Over Knowledge
People act on what the Believe, not on what they Know. Belief in your Financial Plan is more important that knowledge about your financial plan. We explore where knowledge leaves off, where belief picks up, and why it is so critical.
The Principal Problem
The goal of retirement planning is NOT to PROTECT our Retirement PRINCIPAL.
The goal of retirement planning IS to CREATE a Retirement INCOME. This is THE key distinction.
Investor vs Investment Returns
The Average Investor receives half the lifetime returns of the investments the investor invests in. Focus on Investor Returns, which you can control, instead of Investment Returns, which you cannot.
Intro to RetireMentorship
RetireMentorship will Guide You to and Through Retirement. In this intro, we explore why we exist, what you can expect from each episode, and who can benefit from listening to the podcast.