38 Burst results for "Financial Advisor"

Fresh update on "financial advisor" discussed on Retirement Rescue

Retirement Rescue

00:34 min | 17 min ago

Fresh update on "financial advisor" discussed on Retirement Rescue

"Harvest on YouTube. Troy has 75 85 videos out there. There's no cost to subscribe to it. But it's whatever questions you would have about retirement. There's a video on it. I can almost guarantee you that YouTube just search for Troy sharp of carvings and of course, today, we're gonna cover a lot of ground as we always do. The number if you have questions or concerns 808 to 2 64 34. I think a lot of people think Well, all financial advisor's really are just order takers. And Troy, I think that's kind of one of the misconceptions about your company at Oak Harvest five. A stockbroker, I think that's what I'm thinking. I'm gonna be an order taker. Hey, you want this stock that stock? You know, whatever. I'm just gonna What do you want, and I will buy and sell for you. Had Oh Carver's financial group. You're more like the Sherpa. I think that's a pretty good comparison. Yeah, that's much better than in order to take her. That's for sure, one of the limitations of the consumers understanding Is what kind of pitching that holds them into this position of sometimes making bad decisions about who they choose to hire. The financial industry, and I believe this is intentional. His done a really good job. Conflicting. The different roles in the financial industry that Brokers, Advisors agents, reps that they play and they've completed all those different roles and true terms and true meetings of those those labels into one term financial advisor. Consumers on average..

Troy Youtube Advisor Oak Harvest Oh Carver
Fresh update on "financial advisor" discussed on The Greg O'Donnell Financial Hour

The Greg O'Donnell Financial Hour

00:55 min | 2 hrs ago

Fresh update on "financial advisor" discussed on The Greg O'Donnell Financial Hour

"What do you know? The volatility of the market place could is going to test you emotionally. And if you're put it all on a particular number that it's you know if you're on a roulette table, if you're you know, you have to know where you stand. It starts with, you know, financial advisor is gonna be solved as we older. Solve all of your issues. If you're not Were coming if you aren't participating in the process. One of the things and I know we only have a couple of minutes. This segment one of things I keep getting asked about. Is these little white and yellow notices from from the courts. If you will, from clown class action lawsuits, as relates to Out flats actually lawsuits against companies. You know, what should they do? Should they figure someone participate in the filings in my personal feeling is you're going to get about 37 cents. And you're going to spend lots and lots of time on this, Um, my sons and I, we had bought snap. Earlier in the year of when it first came out. And now whatever happened, whatever anomaly happened in the filing of the V, I P o paperwork, a very smart attorney found something and and now they want people to participate in this process again. It's my thought that Z If we're probably going to get less back, I'm here to get less back. My sons and I are get less back then, then what the cost of this bailing cost the law firm to mail this stuff out. So again, it's that balancing act in there. Where's your time? Best spent 866496 23 100 is the number 866496. 2300 is number the website. So Donald financial group dot com.

Advisor UM Donald Trump Attorney
Fresh update on "financial advisor" discussed on The Greg O'Donnell Financial Hour

The Greg O'Donnell Financial Hour

00:33 min | 4 hrs ago

Fresh update on "financial advisor" discussed on The Greg O'Donnell Financial Hour

"Do you have the year participating? Which is great, But do you have the willingness to have another You know what? What happened? Do we ever repeat of last March, and the market has the 35% draw down. But But what happened to that drawdown breakthrough that down? 35 starts heading down 60. Do you have a plan in place a strategy where you'll get out. Or you just gonna let it ride because it came back immediately this time. History doesn't repeat itself, but it sure does Ryan and that's what I want you to be aware of. Okay. And that's why if you're not working with the financial advisor that I think you owe it to yourself to have a conversation. What the financial advisor what they fiduciary who puts their poo? Put your best interests first and foremost, not someone who's trying to sell you something because they're telling you to avoid taxes. You don't want to invest so that you don't want to invest based on tax laws because what do we know about laws they change so you don't want to start making investment decisions based on Tax laws. Get going to have that conversation. 866496 23 108 66496 23 100 years when we come back, why don't we start off the show talking loads of estimates insurance? Let's talk about loans. Where is the real estate market Right now Again? That was one of the big items this past week builders. Buyers, sellers, big big figures and what's helping drive that interest rates low interest rates. 866496 23 100 year listening to me, Greg Oh, Donald on the OT Fi Radio network. There seems to be the time of unprecedented, uncertain and unbelievable are the words that have become part of our new normal And.

Advisor Ryan Greg Oh Fiduciary Donald Trump
In a pandemic, health care positions top "Best Jobs" list

Rush Limbaugh

00:28 sec | Last week

In a pandemic, health care positions top "Best Jobs" list

"Report is releasing the rankings for the best jobs in America. In 2021 health care jobs ruled the 25 spot list. The number one spot is a physician assistant, not far behind. Number three, is a nurse practitioner. Number two, is a software developer with a projected 21.5% increase in jobs by 2029. Their positions on the list includes surgeons, therapist, dentists, engineers and financial advisors or managers. That is Madeleine McCormick reporting mega

America Madeleine Mccormick
Make Your Business Personal with David Jay

Accelerate Your Business Growth

05:24 min | Last week

Make Your Business Personal with David Jay

"My guest today is david j. David is the founder and ceo of warm welcome and was recently named a top one hundred tech innovator and influence her revenues from warm. Welcome along with his other. Four companies will exceed six million dollars in twenty twenty. He believes the business can be a tool to help us build better relationships in connect us to a purpose far beyond ourselves. Thanks so much for joining me today. David to be here. It's great to have you here. I am very curious to get your thoughts on what you think. Small business owners need out what they should be prioritizing so they can be successful. Yeah we'll you know in today's climate. I think we've We've all experienced so much negativity and de personalization. And so i think in order to be successful today really need to personalize what we're doing and get passionate about it and i know this is something that you talk a lot about You know being passionate about what we're what we're doing seems like a given given the struggles you go through as a small business or start up and And so yeah. I think when we're When we're looking at something we're saying. Hey how do. I personalize this. How do i make Something that i'm passionate about. I think the people that are involved in connection to people's really drives that. That's that's interesting so i mean i as you said. I am a firm believer that we really need to be building. Relationships in connecting with people on that that success is sort of a byproduct of relationships and so it feels like. That's what you're saying as well. And i'm curious so this is a two part question. The first part is why is making your business personal better for revenue now. Yeah well one thing is. Almost all businesses are are grown by by people right and whether that's the customer or the people internally at the company and so their relationships there are the real drivers of the roi and You know there is a study done by I think it was charles shaw or It was one of the big Financial firms. I forget which one it was but they did a study in the they wanted to find what drove the growth of these financial advisors and What they found is that it was. The relationship was the software things. It wasn't the return on. You know the money that the person invested it was actually the relationship with the financial advisors. What caused them to to refer them and And that was interesting because you'd think with something as transactional as financial planning or financial advising you'd think it'd be all about the numbers and and so even in that industry. They found that it was news about the relationship. Yeah boy that is surprising. Okay so there's a second part of my question. I'd like you to explain like so. What do you mean when you say making your business personal get you can like what does that look like. If someone's worth small business owner what does that look like to them. Well i think it looks like It it looks like what normal life looks like and You know for a long time. We kind of separated business from our life and You know we we went about our business certain way and went about the rest of our life in another way and In people are just craving authentic relationship with another human being. You know we're all sick of you know having a chat bot just give these these dummy answers that don't help us and so like just gimme a human. That can empathize with me a little bit. That can understand my problem. And so when we talked to somebody in any context whether it's in a business context or or you know personal contacts like we just want them to be to be humid you know into the realize that know there's another human on the other end of the line and And so people are looking for. I think less polish in our business communication in more just personal authentic empathetic types of Conversations and relationships

David J David Charles Shaw
How Investment Advisors Invest Their Money

The Indicator from Planet Money

07:54 min | 2 months ago

How Investment Advisors Invest Their Money

"Josh bam co riddled wealth management and author of the new book. How i invest money. Welcome to the show. So josh in this book you talk to your fellow. Money managers about how they invest their own money. What they do with it. Is this kind of like asking chefs like what they cook for themselves when they're at home. I think that's a really great analogy. I hadn't i hadn't thought of that. But i like it. I'm gonna steal that steel steel away. So yeah tell me about. Were there any surprises. There were There were a few constance. We heard a lot about index funds of being a building block for portfolios. Yeah you're basically like placing a bet on the stock market going up on the index itself. Going up and this is like one. Oh one investors thing like this does not seem like what pros you know. All the stuff would do. They're like extremely basic but they're basically a good way because what you see is what you get and for better or for worse. You don't have somebody who's trying to beat the stock market and failing and then we heard a lot of people who had made investments that they know mathematically or logically weren't necessary than one of my favorite child is my bob. See right who He's got a couple of decades on me but his his his concept was sometimes the financial investment. That looks the the most illogical makes the most sensible when you incorporate the emotional aspects and he's talking about a beach cottage that he bought that is now where all of the memories of a stanley are made. And it's where he spends time with his grandkids and financially. It's not a good investment will probably not break even on it but that's not the point. What was the craziest thing you heard. I think i was surprised. That howard wounds in he's an angel investor out west. I was surprised that he owns zero bonds. Oh yeah because the banzer like that's sort of like the i guess if we're going to keep our chef analogy. That's like pasta. That is like everybody's got pasta on the menu. I almost think it's even more elemental than that. I almost think it's the water that you boil and rinse vegetables at our best. When we say bonds we're referring to his treasury bonds which are colloquially speaking the risk free asset supposed to be the safest thing yeah we his his entire persona is wrapped up in this idea of just growth as far as the eye can see and he's willing to bear risk and he's ever accomplished in his life has come as a result of bearing risk bearing more risk than others were bear. And so that's that's like an invest an example of an investment philosophy overlaps with the life philosophy. Did you get any sense of of how these investors deal with their money at a moment like this like in a moment of crisis. Because i imagine that is a question. You're getting all the time. If you're going to be a financial adviser to investors and you're gonna be worth anything to to those investors you have to have an investment philosophy. That's long-term in nature and that is built to endure market events economic crises et cetera. You have to get people to believe in what they're invested in if you expect them to hold onto that portfolio through market volatility. Their relationship with their investments is casual and not spiritually and emotionally meaningful. Been it's easy for them to discard those investments. The minute the sledding. It's tough and so. I think one of the biggest trends in the market twenty twenty is on. Es g or environmental social and governance focused investing so these are portfolio's being put together based on the premise that investors want to have their money go to companies. That are doing the right thing doing the right thing in terms of did the environment when we say governance are they treating shareholders fairly. We say social or the promoting women. Are they hiring. People that are non white forty year old males on. Es g is the only category of mutual fund that saw positive infos this year really and the good news is that the millennial generation They care about what they own. They wanna have a connection with their portfolio. So i would say that that that's like one of the the silver linings of this moment in time is that wall street is waking up to the fact that this is a new generation of investor this generation not only didn't panic from volatility volatility actually drew them closer in. Okay josh you heads knew. This question was coming. How do you invest your money. While i'm at one hundred percent crypto so same same so in my 401k as is your retirement invest directly in the same strategies that our clients do on the other end of the spectrum. I'm doing some things. That are a lot riskier than what i would do for clients so outside of my retirement accounts. I'm making veteran vestments. I'm backing friends. Were starting companies so like for me. That's what makes me feel good to be able to support things that i myself believe in people more importantly that i believe in so what is like the most amazing investment. You've made what's the one that got away. The most amazing investment i ever made was in my own company in two thousand thirteen. My partner and i put up fifty thousand dollars. We built the firm that i think could be doing ten million dollars in revenue next year. Wow so the best investment you ever made was in your own having your own business your own entrepreneurial. Venture was there when the gateway well. When i was a teenager. I owned all of the dot. Com stocks is a teenager nineteen. You were like a man. I was like. I don't even know what is doing but definitely investing in stocks earrings at the mall was really does an idiot savant. Because i didn't hold any of them. I had a bunch of stocks that no longer exist. But i also owned amazon. But i didn't hold it like so like all right so i've long since we bought. It said oreo be fine. But like i'm saying you know you say to yourself. How can you really regret that decision. How could you have possibly known of the thirty. Publicly traded dot com companies from nineteen ninety seven nine hundred ninety eight that one of them was going to become as big as important as amazon. And you wouldn't pick amazon by the white. It was a company that sold books bucks. Yeah totally so anyway but like i. Don't i try not to dwell on stuff like that you know. That's that's an argument in favor of indexes on because what happens in an index as the companies that go bankrupt and disappear the smaller. They get the more they shrink shrinking importance in the index. Because they get so small whereas the winners that keep on winning balloon in size within the index One of the best regret minimization tricks. I know of is to at the the index to its work. And had you done that over the last thirty years rather than trying to outsmart the market. You probably did better than ninety nine percent of other investors. Excellent will josh. Thank you so much for talking with me. It's my pleasure. Stacey thank you so much for having me. And i hope

Ex-financial adviser who stole from athletes gets prison

KNX Weekend News and Traffic

00:38 sec | 2 months ago

Ex-financial adviser who stole from athletes gets prison

"Telling them he was on the board or that it

Viral posts on differing social media sites

Top Advisor Marketing Podcast

06:13 min | 2 months ago

Viral posts on differing social media sites

"Both of us have been reviewing this really Wonderful well-done article by hoot suite. And who if you don now is a social media aggregation tools so you can use social media to make managing and sending in engaging in social media networks are multiple platforms much. Easier evans. Said that i'm so. They are experts note in social media and they wrote an article in. I won't name the article here for if you wanna go read. It will actually be in the show notes as well. Aim of the article is fourteen is central social media etiquette rules for brands. But today we're going to break down these fourteen rules and some of them we don't hundred percent agree with and we're gonna try to give you some reasons why we don't agree with them and that how it applies to you and to be interviewed matthew matt if wanna shortening the end so mask gonna go on these opie like the so bad. Let's get started here. i. I'm gonna thi this up. I want you to run with it but i think that the mindset when social media came out in you it now but this because you were a book on the to talk with that as well but i think that when social media started grabbing attention financial services there was this idea that it was the holy relic. The new holy grail was the next seminar american for this industry. And i don't think i've seen so many crash and with a strategy. It's been incredible. There's a lot of issues and we're going to help sort through some of those today. But i'll let you bet. Well it can be the holy grail. And when when i wrote the social media handbook for financial advisers one of the biggest things that we wanted to include in the book with with bloomberg finance. Was this idea that there is different etiquette there's different rules across different platforms and why it's so fun. That hoot suite wrote this article and something they don't include in this article. Is that the etiquette on. Twitter is very different than the etiquette on linked in instagram facebook. Pinterest right or tiktok or whatever else you're using out there and you truly need to understand what room you're in. That's the first point that they bring up here which is to read the room. If you're on linked in lincoln is not the place to talk about politics it is not the place to talk about your personal life. It is one place that you go to learn from other business owners. That is the culture that is there now if you want to be a little bit more personal engaging than you can go to facebook. I'm gonna throw this at you. Sure i've seen some incredibly viral post on lincoln. Here's an example. Recently we talked with internally as a team there is a post about a professional woman who took down her professional photo one with her like kind of working from home and this is what i looked like everyday not going the office and she talked about trying to be to be authentic under social media and the the post went viral like unlinked in which is not quite as comet right very true but i believe it had four thousand likes summer. But but here's the thing about that. That post specifically is it still was in the right room in the right context. She was talking about how to portray her personal brand in an environment that likes to know about people's personal brand. Now that's not saying that she shouldn't have put that on twitter instagram facebook especially instagram right. Because that would have been a great instagram post. But you do need to understand that you can have and in some situations but it has to be or in other situations if she would put some something about eating her favorite food at her favorite restaurant that she ports support wholeheartedly. You don't wanna put that on linked. In in fact you'll get blasted on lincoln for doing that but you're not gonna get blasted on facebook or instagram or even twitter even though twitter that's not appropriate either because twitter's consumption. The people who use twitter want hard and fast information about something very very specific. So that's what i think about reading the room. You all have to understand where your ideal clients are right. Some of them around lincoln. Some of them are on facebook. Some of them on twitter. Some of them are on instagram. And hack some of them are on tiktok and you need to understand where your ideal client is. And if you don't know how to figure that out we've actually got a couple of really great free white papers on. The page are on our on our website that talk about how to figure out how to really tease out. Who your ideal klein is. So i think the rule there is that if you have something with a personal spin on it but it relates back to business and being authentic or true or there's Personal lesson that you can come back and bring to business lesson. Those are more than those are acceptable lincoln post. Just not personal personal. That's correct. yeah and so. There are people on lincoln who publish their kids accomplishments. Their own accomplishments outside of work and i would say in most cases those end up being what i would call borderline lincoln. Post sometimes in really depends on the spin or what year prouty break. How big of an accomplishment but some personal accomplishments are relevant to business because somebody overcame something. Big right yes. So i guess. Those those meet the acceptable and sometimes Can become very viral anyhow. So that's the first tip here so bowl on number two here. I'm actually merge

Matthew Matt Lincoln Twitter Facebook Instagram Evans Bloomberg Klein Prouty
Ways To Get Women Highly Involved in Retirement Planning  With Marcia Mantell

Top Advisor Marketing Podcast

07:31 min | 3 months ago

Ways To Get Women Highly Involved in Retirement Planning With Marcia Mantell

"Hello and welcome to another top advisor marketing podcast. We don't often bring somebody on like my guest Marsha today. And here's why most wage. I don't think there's enough people like her out there. She has an author blogger a retirement industry expert and the author of a couple of books that we're going to talk about today. Now. My favorite thing about March is be fundamentally understands how important it is for you as a financial services professional to Market communicate and help women make decisions when it comes to retirement because it is different you can think to yourself that it's not but you're wrong and we're going to talk about being wrong today and how to make it right Marshall. Welcome to the boss man. Thank you so much for having me. And that was quite an intro. Well, thank you a static. Well, I did we had such a fun pre-call and I was so excited. I saw your on my calendar today and I'm like, I love this lady so wage. All right. First off it just does give us a little bit of a foundation here. How did you become a retirement industry expert in an author of multiple books? Well, you know like many things Matt wage was I fell into it happenstance and sometimes you just walk through a door because someone opened it for you and Wallah you end up having a thirty year career change in my case. I ended up walking through the door at Fidelity Investments back in nineteen. Ninety two as they were I call it inventing the rollover IRA and I got put on an account team that needed to support the marketing and product efforts for the rollover Ira which of course now has become the be-all end-all of our entire business. I thought it was exciting. It was like the wild west and it lasted for thirteen years, which was all good. But meanwhile, I had these two amazing young girls, I was trying to raise at home. And Corporate America and motherhood does not always quite aligned. So I stepped out at Fidelity and said, you know what I need to figure out something different so that I'm not always screaming at my poor kids and I started mental retirement Consulting and just hit fifteen years of doing business consultancy work with the financial firm and financial advisors around the country. Is it specifically directed at women or just your experience in the industry overall? Great idea question here. The women piece evolved over time is what I would say we started out just trying to Grapple with and get our arms around this thing called retirement, you know, in nineteen. Ninety two, the 401K was only twelve years old. Well ten years old really and we were all just trying to figure this thing out and saving for retirement. What did that mean? And you dabbled in it off? Well after thirty years, it has become abundantly clear that women have very different retirements than men they're ill-prepared and they don't even often know how to get their arms around getting themselves prepared for another 30 year chapter. So it has happened over time. It has built over time and for me, I mean you May notice Matt I am a woman. So I'm particularly concerned, you know self-serving for my own benefits and my own retirement and my own ability to navigate the very complicated Financial world that we all live in and so just over time things evolved from being broad retirement zeroing in on two women and what women really nice and how to get in this money game. So that's my travels through retirement and getting two women. I'm going to ask you a really dumb question because just me formulating the question just seems awfully ignorant on my behalf. But why is there such a difference? I mean, you know, we live in society together. Why is there such a fundamental need for financial services professionals to understand the differences in how women want to prepare for retirement and men want to repair for prepare for retirement? Why is there such a big difference wage? Well behavioral Finance would probably have some really academic wonderful. Research to answer that but I'm going to go a different route and I would tell you it's because men and women are fundamentally culturally Society wise. I live in the same Society. We see it differently in our roles are different add to that. The laws that have been written around retirement have been radically different for men and women. I'm going to give you two examples. The first is social security when Social Security was written it's a law so I mean keep in mind here. We've got some thousand five hundred pages of legal doctrine that supports Social Security and Medicare it is a law in in nineteen thirty-five when the Charming men in Congress were fighting this law called the Social Security Act. Society I'm using that in quotes Society was very much what we would consider today a traditional white family. The man worked outside the home the little woman stayed home. She certainly didn't have a job for pay and she raised the children. So the laws were written literally to protect her that the expectation was the man would be out in the world working wage earning a living and providing for his family up until age sixty-five at which point he would enter retirement so he couldn't retire early by the way, he would enter retirement and provide for her still by having earned a paycheck along the way so that's one example, so just even in our laws it set up where men and women are different and have different access to their money the other one though, that just slays me to this day. When I started in the retirement business again, nineteen, ninety two moms at home moms who did not have wages could only contribute $250 to an IRA 250. That was it the working dad the working husband could put in $2,000. She could only put in a hundred and fifty it wasn't until Nineteen Ninety Six, you know, that's like yesterday for me as a baby boomer like oh 1996, you know, I know that era only then could at home moms make equal contributions into an IRA. I still find that stunning. It's jaw-dropping. So women were not even allowed to stay home to raise their kids and be able to save for retirement. So yeah, we live in the same Society but the laws look at these gender roles these traditional roles. Yep. Very differently in the laws are written in that era it can sometimes take a really long time to change them. Yeah

Same Society Matt Advisor Fidelity Investments Marsha Marshall Corporate America Congress
How to Give Visitors a Wow! Experience

The Official BNI Podcast

06:45 min | 3 months ago

How to Give Visitors a Wow! Experience

"Priscilla rice and I'm coming to you from Live Oak recording studio in Berkeley, California, and I'm joined on the phone today by the founder and the chief Visionary officer of BNI. Dr. Ivan misner. Hello, How are you? And where are you this week? I am in addition to many recorded visits all around the world. I am Live this week June for a regional compact. In event, so I'm in Canada this week. That sounds all right. Now also this week I have a guest this is his fifth visit to as a guest to be an iPod cast and his name is Mark Applebaum. Mark has been would be and I for over 15 years. He's been a director consultant for more than five years. He's long and successful chapters in the b&i Utah and North Region Marx married to his amazing life. He says Tiffany for almost twenty years with two children Ryan and Tom Jenna and one of the things that Mark loves to do is to teach chapter members how to give visitors a wow experience. I can't think of anything better than that. Welcome back Mark mm contest. Thank you so much. I've it's great to be back. What's good to have you here? And you want to start by talking about making visitors female wanted so the floors your home. Well, thank you, you know a little background of where my y about this topic came up his growing up. I grew up back east in New York and my dad owned a pet store or at the time when I was growing up and I worked for my dad for many years and my dad was the world to me and he struggled a lot financially. So if a customer ever left his store, but happy it really affects his livelihood. So I was did my best to if a customer wasn't having a positive experience at least have them leads as happy as possible and you know in vni every visitor is not only a potential customer to be an eye, but it's a potential customer for ourselves. It's a their potential referral partners for ourselves more could lead us to potential customers or referral Partners. So how we treat our visitors. It's just imperative. So this podcast, you know, if you're a visitor host. It's not just meant for the visitor house out there. It's really meant for every single member to take on the mindset of a visit. Post because we all play a role in that visitor experience and it's in the future success of our chapter know let me just add one thing to you real quick. I know if you know this, but when I started back we didn't have visitor hosts. One of the things I said was that if you invited a visitor you had to be there host and honestly that didn't work as well. So because not everybody's created equal as a host wage and we did create visitor host. But that was my initial concept with b and I was that everybody had to be a host especially the person that invited them and I love the story to share in in givors gained about the visitor you sent to a chapter who ended up going to a different chapter who's the chapter that actually designed to visit our house program. That's either story. So everyone listening think about the region your chapters in and the amount of chapters you have in your region and just here in the Utah North Region. We have fifty three chapters and just in the Salt Lake area we have over 2,000 chapter wage. So depending on what what a visitor does they really in a twenty-mile radius twenty-minute radius. They have a wide variety of of chapters to choose from. So if you if the for the people if you take a moment and think about your chapter and the culture that it has now imagine for a moment every chapter in your region met at the same time the same day in the same location as all the other chapters sure that's not possible. But imagine it was for a moment. Yeah, I would a visitor choose your chapter over all the other ones and you know, it really comes down to what the poet Maya Angelou says best people will forget what you said people will forget what you did but people will never forget how you made them feel. Yes, what a visitor feel welcomed and important. They're more likely to want more of that and yep. That's why we all play a role in that positive experience. Whether you're the visitor host or not your contribution to your chapter and that in your involvement with how the visitor enters the room and Enterprise is in call and and welcoming them really makes such a difference. So a few examples of ideas that members and chapters can take on that could be very beneficial to them. The first is off when the visitor is already registered in BNI connect. The leadership team will receive an email saying so-and-so is registered to to visit on this particular day. Right? Well, the idea would be that the president of the chapter soon after getting that email sends a personal email to that visitor and also on that email they copy on the email other members in the chapter that are complementary to the visitor and then purpose of all that is 1 to let the visitor know how excited they are to meet them to to give them any instructions. They they may need to you know, show up but yep. To really let the visitor know that these other members could be great power Partners together with that visitor and so a great success story. I'd like to share is about three years ago as a director. One of my roles was placing visitors helping visitors find Chapters and I was working with one professional and his business was custom mens clothing and because of his schedule I took it into three different chapters and the third chapter he went to the president at the time Steve level who's the business attorney in the chapter was phenomenal at doing this and so he sent this personal email to this month custom clothing gentleman, and he see see the financial adviser and the family law attorney on on the email who both of them also replied to the custom clothing gentleman saying Thursday, we looks so we look forward to meeting you we too could use help with their own wardrobe and that visitor ended up visiting and a couple of weeks later. He ended wage. Joining and a couple of weeks later. I called them to say to figure out why he picked that chapter over the other two and in his words. He said that that chapter had an unfair Advantage because without one month then, you know connected to the members before they even met them that he wanted to join a group and three years later. He still a member of the group

Mark Applebaum Director Dr. Ivan Misner President Trump Utah North Region Priscilla Rice Live Oak Attorney Maya Angelou California New York Givors Canada Salt Lake Utah Berkeley Officer Founder Tiffany
How To Help Professionally Successful Women Survive a Divorce  With Allison Jeffereys

Top Advisor Marketing Podcast

05:01 min | 3 months ago

How To Help Professionally Successful Women Survive a Divorce With Allison Jeffereys

"Hello and welcome to another top advisor. Marketing podcast. Some of you have said to me on podcast, you know Matt. My Niche is focusing on women that's not an itch. It's fifty. One percent of the population is actually the majority of people on this planet. But today we're going to dive into how you could actually focus a lot more on women in an area that is very, very important and I believe is entirely underserved Alison. Jeffries is a divorce coach and author of a woman's guide to surviving divorce. A woman's guide to surviving divorce, she's also at the end when everybody hanging to the end because she's going to give away something that we'll have link in the show notes but and I was reading to prepare for this and if you know anybody who's been through a divorce if you've been through a divorce, it doesn't matter if you're a man or woman, you'll see yourself in these questions. She's really created this magnificent spreadsheet that will help you navigate conversations. But Allison. Let's let's start at the beginning. What do you do I mean how did you get here? Why are you? Why did you publish this book? Why did you want to become a divorce coach? Well I publish the book as a Personal Passion Project. We all go through life. Everybody has one book in them, but I think the important part of that story is, how did we get to the book? So I headed thirty five year career in the corporate world worked for Fortune One hundred companies Merrill Lynch prudential. Citigroup Wells Fargo worked in the financial sector worked in the securities area at Citigroup was. Managed a part of the country educating financial advisors on how to work with women in a group called Women Company. During that time it was in the middle of all the changes in the laws and regulations around financial advisers and tracking and documenting, and all of a sudden I had one month to take my seven and get it to continue to do my job. I did it. Couldn't believe it. But I, did it. They told me I had to take it I figured whether I failed or not. At least I'd taken it up pass. So I did have my seven had my sixty five. Loved the education of how women relate to money my degree is in psychology. So that was right up my alley really worked a lot on the difference in how women approached things how we make decisions, how we manage or don't manage our money those barriers between ourselves in money, the cultural issues, the professional issues, and all of those things that men had a hard time understanding about their women clients and why it was important to work with them. Left that career and honest to goodness. Being financial adviser with something I never wanted to do. So I. Let all that Go. I. Went Back into the corporate world in at a certain point in my life, I had a chance to stop. Rethink about what I wanted to be I. was on my second divorce. and. It was kind of one of those things where you common denominator here would be meat. So. I had to fix that become a big belieber marriage in I like men so. It was a it was self revelation process did a lot of writing. It became the book and it is a fictitious version of what a woman experiences when faced with divorce. Based on those common cultural and. thinking process. Things that are totally women. That we do. And so that's where I am. Okay. Why why should financial adviser scare? Why should insurance agents care? Why should financial adviser scare? Why is this such an important focus for people who have discussions surrounding money? Well. As you said, women are fifty one percent of the population. I don't know that math works for me the other reason it. Is More critical to financial adviser is back when I was it women company years ago we always cited that statistic that by twenty, fifteen, fifty percent of US wealth was gonNA transition into the hands of women. Well guess what it's happened. So whether women have come up with all this money through death divorce or old fashioned way we aren't it. We control a larger percentage of the investable assets in this country. But because of the cultural barriers because of the social morays that women have been raised with if we're anything over twenty five to thirty years old. We might not be managing them very effectively. And It just makes sense to me if you're a financial adviser to understand how to speak to women to get them engaged in Manning, they're managing their money.

Women Company Citigroup Advisor Merrill Lynch Matt Jeffries Alison United States Allison Wells Fargo Manning
How To Become an Author Without Writing a Single Thing

Top Advisor Marketing Podcast

05:09 min | 3 months ago

How To Become an Author Without Writing a Single Thing

"Hello and welcome to another top advisor marketing podcast We love having repeat guests ones who've been super on the show previously and even better the ones who have their ear down to the proverbial marketing train track that is Something that we all want to pay attention to seth green founder of market domination. LLC. Dot Com is our guest again and I'm just going to be peppering him with some question south. Welcome to show my friend. Thanks much for having me back. Always. Two hundred shower and. NOT GOING TO BE FINE I See. I'll try to. Remember what we did the last show that you think it was. A It's been a little while even though that actually was. I. Was just on your show we recorded that yesterday but I want to ask you some questions brother because I know that we're kind of in the same space we do some of the similar things but you have some products and services that we obviously don't offer and you have a different perspective, right. So what are you seeing in your clientele right now that is really working not just in this covert environment, but this virtual environment we seem to have been thrust into. Okay. So we're recording this at the height of the first year of the COVID pandemic I'm going to put that out there. So it's time less because who knows how many how long has gotten to last right my crystal ball's a little murky. So, one of the things that we have found were recording this before the election, the presidential election of two, thousand twenty and the cost generate a lead. For example, I'm facebook ads has gone up significantly because of all the election spending. And our ads get lumped into because their financial related generating prospects for financial advisers, they get lumped into the financial slash political realm, which means they compete with all the election money in the last couple of weeks or cost per lead is dramatically gone up and our number of leads generated gone dramatically Dow. So, we have stopped that program temporarily until the election's over. So obviously, we've had to do on we been doing other things for them this whole time. So those taken more at the forefront that facebook ads in particular have become quite cost prohibitive. They were increasing throughout the pandemic since March because everybody went virtual, right every financial adviser who was doing seminars and can't do them. Now, a lot of them have switched to eighty percent at least have switched to webinars. So you can't go three scrolls on your news feed. Without seeing another ad for another Webinar, you can't do the same as everybody else and expect to stand out a couple of the things that are work really well for our advisors that are time less no matter why are podcasting program as you have one is well ours is focused specifically on getting accountants attorneys other professional centers of influence to be on our. Clients, the advisers show we've had turned the show into a book. We promote the book we host a monthly now virtual networking meeting of everybody in the book that the adviser leads and we coach them through that. So that still works because more people as you as you pointed out. So eloquently, on my show yesterday more people are listening to podcasts now than ever. Is I told my wife who's podcast lot I her second episode records tonight She's not a financial advisor. She is a mommy blogger is said to her this is the new ground floor podcast. She's like, why'd you say new five times? That's annoy and they said, no, it's because it keeps changing. The original PODCAST, ten, fifteen years ago. Every couple of years, there's a new resurgence, a new billion couple of hundred million people find podcasting. It's new. So. That's why I said. It's new new. Nubia see how many drinking game everyone watching every time I say we're. GonNa. Take a shot. I gotTA. Make it through the whole podcast brother their ten shots in already. So they're probably at the hospital by now. So don't do that maybe half a shot I'll sit I simply you're go. There you go. All right. So the podcasting model that generate centers of influence to drive accidental referrals is working really really well always has always will. Are Limited campaigns are working better than ever. Because if you think about it, so many people change jobs. Yeah. They got furlough. They got laid off. Or they decided if I'm GonNa work from home I can go work somewhere else. I can work virtually from any company. I don't have to stick with this boss I don't like so are linked in job changer 401k rollover campaigns are working better than ever before because so many people have changed jobs. Are Other Lincoln campaigns are working also better simply because people are checking Lincoln more than they used to. Yeah. They're paying attention now because even if they didn't switch jobs, they might think just in case maybe. Even. If I have a limiting belief and I only think of Lincoln resume, maybe Oughta, punch it up and updated I haven't touched it in a while just in case means there are more ripe to receive our advisers messages.

Advisor Facebook Lincoln Seth Green Founder Nubia DOW
The Bachelorette's Mike Johnson Gets Raw About Sex and Dating

Just The Sip

05:49 min | 3 months ago

The Bachelorette's Mike Johnson Gets Raw About Sex and Dating

"You guys welcome to another episode of Justice Justice of Astor here and I am so excited about my next guest if you guys have TV and don't live in the stone. Age. You've seen this man on the. Bachelorette. You've seen him on Bachelor in paradise and if you're smart, you'RE GONNA go pick up his new book because he is going to be the nets Dr Feelgood please welcome Mike I'm six five in High Johnson. Thank you thank you like that. I might be Dr Feelgood right now let me just give you guys a little bit of a warning. If there's something that you don't understand in this program today, there will be a black man says dictionary at the end of this and we will break down exactly what we're talking about because it true. When two black dudes get together sometimes you don't know what's happening. That's true. That's sure. We're fighting but we're not fighting. You know what? I mean like people don't get it. Not Funniest thing is like when I travel the world I've had friends say every time you see a black Guy Y'all. It's like it's it's a pain is just a band no matter but never met you. You just do it. was there another brother on your? Hand Brown season. Yes, Guston. Devon Johnson was it surprising to you that there were four of you on one season because to be honest before that? I mean there was one and So. I was surprised not allow surprised about it in a happy way. I was really happy too late for it and it was like y'all we gotta represent. You gotta represent we can't. We can't be getting out here like we do not give a physical altercation because we know the headlines GonNa read. So we were happy about but have to be honest it's a lot of pressure sometimes you know for me, I have to watch myself and I can't be as vocal about certain things a lot about certain things and I can't the way I would normally vote because people would say I'm a guy like a angry black guy it should be in the back of reminded it's like I'm amy because this is a dumb ass situation. Right I'm just lucky that you Chad Johnson weren't on the same season. In that. Terrible them my mouth I want might really Oh God 'cause they're not probably. He would evoke emotions. I wouldn't have been good. I'm really mad that you didn't get that. Bachelor in off or was not like I'm mad that they gave it to Peter Webber. I. Did enjoy the Peter Weber of it all but I was ready for you to take over how close was it really I was told the night before they still are unsure. That's what I was told I dunno, the validity of that. I think if Peter hadn't acted out at that bachelor tells all. The final the final rose situation. If he didn't cry, we didn't know barb was it barb wasn't crazy Peter would not have been the bachelor. Let's be real. I will say Mama Liba bars probably better TV them so. She's amazing. She's awesome. TV got lowered. Did. You ever think that you would be on a show like this because you're a good looking guy. Do they you could have found. Ample women no I never thought I would be on a TV show I never was something I was thinking about never watched the Bachelorette. Notice respects on and. I met ladies but I lived in San Antonio Tom I was thinking I'm not GonNa find mop person here. Yeah. I tried all the day naps I did last. Night just have. A crushing you're crushing tender. I'll be. Twice. About it my you're taking down come on Mike. Now. Once or twice out say like that. Just. So you know. With the nod we also can't lie to black. Black the. To Black dudes. And it can get come on man come. And you've got to tell the truth. How did you end up getting involved with the show? No Lotto, my home. I was financial advisers at work not. So my boy I. I just got mad at through my phone and I was like I ain't GonNa Never I'm Never GonNa Parmalat I'm never going to find love like regulation all this stuff he was like Kinda say what you said he was bro what good-looking do girls ever said they wanted me to relationship and I was like. I'm ready like I'm getting old I'm trying to have kids one day. You know in boss up I want I can't wait for the day that I have a son or daughter in like they're dating somebody nine am you'll get it looked good. I cannot wait for that day. So my homeboy said a Africa him dying laughing at me 'cause I said I wanted to be in a relationship. A few months later, he just sent me a facebook casting call. Now I'm upward nothing today. Let's do it and you got it I got lucky. What did you really think about Hannah Brown whenever he saw for the first I thought she was cutie but then I was thinking I knew she was from Alabama and I was. She's Caucasian. I was scared that I wanNA. Get a fair shot at her because she was out in our thoughts I assumed you know we all make Assad assume I assume that She might not like black guys and I was like, well, this sucks best-case but she definitely like the song

Hannah Brown Peter Dr Feelgood Mike I Justice Justice Peter Webber High Johnson Facebook Assad Devon Johnson Peter Weber Chad Johnson Africa Barb Tom I San Antonio Alabama
Are You Just Not Smart With Money?

You Need a Budget

04:00 min | 3 months ago

Are You Just Not Smart With Money?

"Hello. My name is Jesse me this podcast number four, hundred, forty, eight, four, wine ab where we teach you four rules to help you stop it from paycheck to paycheck get out of debt and save more money today at one to talk about that little voice in your head that evil one on your left shoulder. That Naysayer that pessimistic. Little Person That tells you you're just not smart with money. I mean let's examine that for just a moment people tell me all the time. They just see what do you do for a living I say well, I teach people how to gain total control of their money. Now I actually don't say that I usually say something like `I'm in software. And I know I should be better about it. I'm trying but. Say Oh I, run a company it's called you need a budget never goes. and. Then you'll get something along the lines of I do or Yeah I. Just I I'm just not smart with money. What does that even mean? Why the negativity what do you even me when you say smart I think when people say they're not smart with money their religious saying they're not frugal some of the time it means they're just not frugal with money. So maybe you are feeling smart about your money maybe you saved up cash for something you saved up for several months you were I in it. You may be even went on my favorite website camel dot com especially around Christmas time or leading up to Christmas time, and you made sure that you've got a great deal on this thing you'd saved up for and paid cash for A. Now you are smart with money, and then you tell your one friend and your friend tells you that they also saved up for something. The same thing they also said up cash for it over not as many months because they didn't need to because they went to an estate sale where there was a hoarder that only ever buys and then never opens brand new things and one of those brand new things at that order bought never up and was the thing that you'd saved up for for three months that your friend only had to save up for for one month because they nailed that deal and you. I mean you're just not smart with money. That's why I don't like the whole smart thing. You have that one upper friend no matter what you say they're going to be smarter just let it be although I knew someone that was. Way Worse, than, that. It's one of my favorite jokes so When it comes to being smart with money, what we're really going after is is your money doing what you wanted to do, and if you become very clear on your priorities crystal clear on what you really want your money to do. Then when your money is doing what you really want by definition, it's doing the smartest thing it could possibly be doing so you might say, Oh, I need to optimize this debt pay down I need to use these credit cards and do this or that thing and maximize points, and you might be one of those like ever optimize. People. That's fine. But at the end of the day, the best definition for are you smart with money is you know what you want your money to do and your money is doing that thing we often say. If you take care of the inflows and outflows everything takes care of itself. You are your best financial adviser. Because budgeting zero based budgeting giving every dollar job that's our first rule doing that, of course, looking into the future, taking larger, less frequent expenses back into the present, breaking them up into manageable amounts, and then comparing your future versions of want our future selves wants versus your current wants and then sitting there saying which one do I care about more that exercise alone along with rule three where you're rolling with the punches as you get new information, you're changing your mind. And might as well say rule four, we're giving yourself a little breathing room, your aging, your money. So you can make good decisions all of that those four rules they're just a framework to help you one. Assign your money to make sure it's really doing what you want us to do. But maybe more importantly, those four rules the why not budgeting methodology Actually help you figure out what you want your money to do. and. Once you've figured that out, you can't help but be smart with money

Jesse
"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

08:13 min | 4 months ago

"financial advisor" Discussed on The Money Guy Show

"Their adult children are economically self sufficient as far as we know, Graham does not have. Children yet number six proficient in targeting market opportunities. I've already explained he jumped into the real estate market and twenty eleven well done luck skill. It doesn't matter WHO's prepared and ready to do it. So it works number seven. They chose the right occupation without a doubt I, think he's out there in the LA scene perfect occupation to make good money at it. Here's the only word of caution I would give. Because people will go watch this video and I'm GonNa. Say Man I'm doing it. All wrong. Just load up. Let's go move out to La I. Think I can do this or maybe maybe I'm in Missouri arm even in Nashville why can't I go do with Graham did. Here's the thing I would tell you about leverage. Leverage can make you look so smart until you're wrong. Yep, I mean it really is one of those things I a I'm listening I'm listening to a book right now I'm not going to give the name. It's not to that point on me, but it is the the fraternal twins of luck versus risk is when you talk about when we study history of the outlines of people are doing so well, that's where Graham is right now we talk about all the good things they did, right? But what if Graham instead of buying his house in twenty eleven had bought his initial rental properties in two thousand seven. Would we still be talking the same story because leverage think about here's one another influence or Dave Ramsey Dave Ramsey here is the story Dave Ramsey. Tells everybody's was a millionaire I believe by like twenty, six, twenty, seven years old and one day you know the music stops on real estate and he got broke wise Dave Ramsey so against. Debt is he remembers how bad leverage war him out because it's great using other people's money to let you exploit and grow is a you're sitting on top of a very sharp blade. They can make you look like a genius or mannequin cut you up and really hurt you to the point Dave Ramsey where you go teetotal status and you don't even allow credit cards I mean that is the thing. So I tell her be careful because our boy warren. Buffett. He's got saying now I'd say it a little different don't get caught swimming naked. because. This is something you have to worry about. Because Warren Buffet talks about win the tide goes out. You can see who was skinny dip in. The actual course, the we did it well in the south would say, don't get caught swimming naked I mean because that's the reality of the situation is L. Grams. It'll be okay because Graham has now used this success and he's used some other talents. He has to be a successful influence or a media personality he's going to be okay. But I'm telling you this you out there on the Youtube world unique to understand how dangerous leverages. It is a shortcut to cut off money and Tom in the wealth-building process, but you're kind of dance them a little bit. With the dark one if you're not careful so be careful with it and I think you ought to have some realistic expectations. If you're someone out there saying you know what I see how successful this guy is. And I'm going to jump into real estate and I'm going to be just as successful as Graham Stephan is and I'm going to be a real estate mogul. You GotTa remember that a big chunk of his monthly income comes from his social media influence. If you were to strip away what makes from Youtube and the courses, he would still have a great annual income of around three hundred thousand dollars. But that is very, very different than one point eight million dollar income that's provided to him because of his social media. So you got to understand what is and is not available what's realistic and not realistic to you. So true or false Bo we were talking about this and show prep. And I said look. A little. Jealous Graham because we're about seventy. Yeah. Yeah, I was like okay. Let's. Let's let's dissect this. Let's get a little deeper. I'll play Dr Phil here for a moment. I said you realize and I think I'm the one that Kinda put pulled it apart and I said you realize if you actually look at Graham's own data, he shared with us he's making. Out of one hundred, fifty, thousand dollars a month of income only sixteen percents coming from real estate. So it's twenty three, thousand dollars. It was eighty, six, hundred dollars from real estate commissions fifteen thousand from rental income. I said go and extrapolate that by twelve months. He's a three, a successful look I'm not taking anything away from three, hundred, thousand dollars a year but three hundred, thousand dollars a year as a successful real estate person is a lot different than a two million dollar person. So I think it's very exhau- I tell you that because it then allows you to separate. How much of this is real estate how much of this has to be duplicated versus how much this is the entertainment side now because then you for some reason, as soon as we find out, it's talent. Lebron James, are, we mad that Lebron James makes a fortune playing basketball. He's good at it. He can do something that most people can't do right I. mean that is the reality of the situation. So as soon as we find out, somebody has talent that is not normal. I. Think it gives us a little freedom to understand. So I wanted separate Graham is a three hundred, thousand dollar a year real estate investor is a lot of those. There's a lot of we work with them. We don't need still means you have a great life but there's A difference between a one point seven, million dollar Youtube Star, and that's that's the part. I WanNa just kinda point out. Was that Graham? It's the whole chicken or the egg arguments on social media influencers, and we always say when you're going out there and looking at social media, people make sure you understand what is making them. Super. Successful Graham is unique in the fact that he is good at real estate. He is good at investing years a minimalist, but don't fool yourself into thinking that you are going to go out there and reproduce hit what he's created because here's a look. Let me tell you what I think Graham is his superpower. He's nerdy meaning he's analytical. He can do the math he can disclose it all. He's also pretty likable. Myself really liking him watching the video and he's In the you put the nerdiness with the analytical meeting bill to put it out there. It is a superpower anywhere. Look there are so few people we know I come from an accounting background. There's a lot of nerds. There are I mean there's a lot of as nerdy guys but the communication doesn't always fit just like we know somebody who makes millions of dollars playing video games is not the video games that is that's just the kinetic into the kingdom. They're. They're witty banter while they're playing video games well is the superpower that lets them make millions of dollars a year being a youtube sensation playing video games Graham. kind of has that same superpowers think about this how many people? Have probably started a youtube channel because they watch grams I'm sure it's tough because he makes it look easy. Oh, if that guy can do it surely, I can do it. I'm sure there's been hundreds of folks have said that so I just want you to look. How Graham Season I hope he likes it something he considers but do not full yourself into thinking that you go out there and create a two million dollar year YouTube channel. But so what can you do? Right? So what are the things that you can do here's our advice. Number one player strikes. There's a reason that you and I are running out and going and doing all kinds of real estate deals through we're going to keep doing financial planning. We're GONNA keep doing the money guy show. We're going to focus on the things that we know that we do really really well and number to master the three components of wealth-building. Now, Look Grandma's hacked this a little bit but I want to remind you discipline. Graham's got that when he was a minimalist lifestyle, but also money to take that discipline where you're living below your means turn that into. Excess. And money invested. We recommend twenty to twenty five percent of your gross income. put it out there into something like an S. and P. Five, hundred, a target index target retirement fund I. Don't need it. You don't have to get fancy by doing total market funds or anything like that. Go do an index. Total. Talk. Target. Market..

Graham Stephan Youtube Dave Ramsey Dave Ramsey Dave Ramsey Warren Buffet LA Lebron James Dr Phil Nashville Missouri Buffett basketball Tom Graham.
Philadelphia city treasurer Christian Dunbar fired over embezzlement, sham marriage allegations

KYW 24 Hour News

01:11 min | 4 months ago

Philadelphia city treasurer Christian Dunbar fired over embezzlement, sham marriage allegations

"Following for you. Philadelphia's treasurer is arrested and given the boot from his position. A wide open your city Hall bureau chief Pat Lobe explains. Christian Dunbar became treasure just over a year ago after three years as deputy treasure and five years as a financial advisor at Wells Fargo before that, U. S attorney William McSwain says the charges go backto anyways it Wells Fargo defendant engaged in a scheme to embezzle $15,000 from two different bank customers, McSwain says. Dunbar also married a U. S citizen in 2006, while a student at Temple University on Lee as a route to citizenship, then divorced her in 2016 after becoming a citizen. McSwain says his current wife did the same thing, but neither she nor the alleged jam spouses were charged. A city spokesman says Mayor Kenny was unaware of the investigation. A statement from the mayor says the inspector general will conduct a thorough review of the office to resolve any concerns about transaction storing Dunbar's tenure. Dunbar oversaw hundreds of millions of dollars in bond sales at City Hall, Pat Lobe Y. W News radio, A Helping hand family

Christian Dunbar William Mcswain Pat Lobe Wells Fargo Mayor Kenny City Hall Treasurer Bureau Chief Philadelphia Temple University LEE Advisor Attorney U. S
Here are the big U.S. stock winners in a sizzling August for the markets

Mark and Melynda

01:03 min | 5 months ago

Here are the big U.S. stock winners in a sizzling August for the markets

"Last full week of August. How did stock markets perform last week? Well, pat markets continued hire. The S and P. 500 was up 3.3% for the weak. The Dow Jones industrial average up 2.6% and the NASDAQ The more tech or did index was up 3.4% and then looking outside the U. S. E for the index of developed markets posted a return of 1.7%. With emerging markets is measured by the MSC Emerging Markets Index was up 2.8%. So the stock markets have moved higher. Now I understand you shared with clients some of your thoughts on topics to consider for the remainder of this year. Can you explain? Yes, we published a note video podcast to clients on four topics. For the last four months of 2020. They are the personal and economic recovery from the pandemic shutdown. Prospect and timing of a vaccine, the upcoming elections and a re focus back to the traditional drivers of growth that steeple We share insights with clients to help them make sense of what's happening in the world and the markets are listeners could speak with their steeple. Financial advisor Toe Learnmore. Thanks, Michael. Your path to Investment advice

Toe Learnmore Advisor Michael
How To Hire For Skills You Don't Have

The $100 MBA Show

06:07 min | 5 months ago

How To Hire For Skills You Don't Have

"As, the business owner your job is to get the right pieces of the puzzle the right players on your team succeed in your mission to succeed in your goal as a business. You can help find the right people in one perspective in terms of the culture fit for the team the right attitude, the right outlook, the potential for growth, all that kind of stuff. I, want to come to the actual technical knowledge and skills they need for a particular position like I said at the top of the episode, this could be like a developer. A social media marketer, an accountant finance person. A sales person. You may not be verse in every single skill in every single trade. So how do you hire the right person? How do you find this person and make sure you're getting the right talent? Many people go down the recruiter out the fine a recruitment agency to find the town for them. I personally haven't had really good luck in this area. Every time I've tried this I really didn't get the best fit. So I've tried a different row I've done this over the years, and now because our team is large enough and we have the right managers in place, I don't need to do this because those people can find me the right talent. But when you're starting out, you need a way to that people. To interview them and make sure you find the people that have the skills you need to pull off what you want enter the adviser you need to hire somebody who is an adviser, and you can do this for every department. So you can literally try to hire for a position. This could be an hourly position or contract for a certain period of time. Could be seen as like a project to make a higher for you. This person's job is to understand your needs to understand where your company's at what you're looking to achieve and help you find that town. This person is not going to do the job. Their job is defined you great talent. They don't have any other incentive other than to find you somebody. Brilliant. And by the way, this is not rare. You can find advisors in every department, a marketing adviser, a technical advisor, a financial adviser for business because there's a lot of top tier professionals that love helping businesses like yourself have high paying high stakes jobs elsewhere, but they may some free time on the weekend in the evenings to work on some passion. Projects to work with startups to work with growing businesses and help them out. Now, you might be saying, well, I'm going to spend some money to make a higher which will cost me money and this kind of held me back this thought this mindset at the start when I wanted to start finding talent. But here's the bottom line you can waste. Of Money by making the wrong higher by paying somebody month in a month out year in year out, and they're just the best most efficient best fit for the job you're gonNA. Save money in the long run and maybe even in the short term and also save time and effort by getting somebody to help you in this process. This is the process. Let me explain to you what you're going to do with these adviser so you're going to say. Advisor, we're going to get on a call I'm explain to you exactly what I'm looking for on look to achieve a little bit about the business or history where we're going our vision, our mission, all that kind of stuff. This is literally a thirty minute call, and from that call, we're GONNA be able to get a good understanding of what you actually need for this. Position, what kind of person what kind of skillset they know the jargon, all the lingo, all the certifications, they would need all that kind of stuff and the first step they're going to do is they're going to create a job description for you. They're going to ask you to fill in some blanks in the job description maybe about the business culture or maybe some adleman about. Hours or time offer benefits they then can help you with that job description and post it. We're they believe will get the best candidates for that position. Every industry will have their own kind of sites to find greytown. So if I was going to hire somebody to work remotely for me as a developer on my team, I would post on places like we work. Remotely up work maybe a large odds if there are a larval a developer, every kind of niche has a good place to post. They're going to recommend hey, this we should post his job you'll do for you or you can do yourself and just pay the fees from their people are going to apply to the job with applications are going to send their CV's resumes. This advisors going to help you sift through these. CVS's applications to screen them to make sure that, hey, these top candidates are worth our time for an interview and what we did to save time and money and save. The time of the adviser is we did a two step interview step. One was one call with with maybe the founders of the company and we just sat down to have their good culture fit if they're a good person to work with the team if we just drive because if they don't fit the culture of the team, there's no reason to keep. On going if they do then they move onto the next step of the interview, which is another interview with the advisor and the advisor is going to be asking technical questions about that position finding out. You can really do the job that they're applying for. Now you can be on this interview you may not want to be on this interview up to you. This interview is really there to grill them and even have a live tests component alive demo component where they actually display their skills. We do this in a lot of departments whether it's customer service where they're actually answering. An example support chat right on the call or hiring for a new designer of the designer is going to critique a old design that recreate and ass into kind of give their tips in there. you know advice on how they improve that design from. The adviser within can say, Hey, these are my recommendations. These are the people that pass you choose who you want a based on your cultural

Advisor Developer Business Owner Accountant
"financial advisor" Discussed on Up Or Out with Connie

Up Or Out with Connie

07:17 min | 5 months ago

"financial advisor" Discussed on Up Or Out with Connie

"So finish this sentence for me then. I am unstoppable because. Team. At the end of the day having team is is so key right and maybe you're a solo per noor or you're just getting started a business and you don't have W. Two employees, right? Team right it's your spouse. Is Your family. Maybe. It's your your friends that are in your ear that might be positive or negative. You know sometimes you have to drown out that noise and limit the the energy contact that you have a certain people because they just aren't align with you. Right and that's always a difficult decision to make. Now you've dot W. Two employees and you've got a team. Then you you really have to rely on that team and really freedom on the mission and make sure they understand what they're doing why they're doing how they're doing it set targets old people accountable. Culture. So I'll having a team is super super key and being able to keep moving forward. You are so true. So true. I couldn't do what I do without my team people ask me how do you get so much done. On my calendar and my team. That's a dead. So, how do you want the world to hear from you? You know I wanna be able to how the results speak for themselves. You know there's there's nothing better in my eyes than getting video testimonial from one of our clients or a written testimonial. Just hearing for my team, tell me about a phone call that they had with the client that's been with us from the very beginning and what we've been able to do for them. You know so having. Clients talk about us is super super warming because. When. I hear when I talked to a client, they say man like you need to give our arrays or you need to give you know to raise you know that makes me feel happy because at the end of the day in our our clients look to us and we have to deliver and I want to be able to have them speak about it, and those are the results that that we really are proud of and we just want to be able to. Create more goes. I Love I love the support that you give your team and UCD Support but the importance that you see in the value impact that they're bringing. To your to your to your customers, that is so so so important. So will you ever be satisfied? No because. I'll be satisfied a tricky word, right You know it's a balance you you do have to. Be Happy with certain wins right and you do have to learn to celebrate and give your team's high fives and and be happy in moment. But at the end of the day, you do need to keep pushing. You need to understand that we all have a greater potential. We all have the ability to do more even though we think we've done a lot I, still more that that can be done. So it's it's that balance of being grateful for what you have now. satisfieds satisfied is right word certainly grateful for him now but understanding that there's just a lot of works at that needs to be done in a lot more obelisk. Say That I'm satisfied of the work that we've done but exactly that, but there are still a lot more work to do. We're not done yet. So if they were song a song about you, what would it be? Geez. Gosh I've never been a nerve urban asked this question. This morning I was actually listened to some Hala notes. I. Love Me Some Hall and Oates Oh. Yeah For whatever reason they've always been with me Troubled water. Jamming out to rich girl, she's a rich. Describes me. You He's GonNa be rich. I really loved the song simple man is that. Letter scared. so Yeah I. Think so. Tired? We knew music. skittered. I do love that that song I'm stood the. The exactly it's come to me, but just just talks about you know being a good person could son you're GONNA BE AND You know I'm a pretty simple personnel here in Las Vegas so. Long as I have health and my family's in a good spot and happy and our clients are happy. Not Other things will come to place. I haven't rich me and playing in my head right now it's going to be stuck every. Day. OMEGAS. So what's next annually? What is next for you? You know we We have a really big milestone in ten years. I I really want to be in a position where you know we're doing over ten million dollars a year in revenue and So you know for for us, it's all about being able to. Just. Get the message out on reading the the statistics about three or four percent of Americans. You know even know what a self directed retirement account is. So we have a lot of people that need to know about you know what options are out there and how kit you know maybe do things a little bit differently. So for for us, it is really just spreading the message a lot more and you know getting in front of people so they can better understand what they can and can't do. Well, they need to hear from you and the one thing I'm going to say in compliment you on is that a lot of times people get intimidated. When it comes to I'm you know them talking about themselves are thinking that you know bad poor money management or intimidated by a financial adviser? They're not going to be intimidated by you at all and they definitely need to hear what you have to say to them because. The percentage of entrepreneurs was great. Until we hit twenty twenty now at so much greater than it was before even when I started my business. Undoing this thirteen years now and when I looked at that and they said the percentages and it said by twenty nineteen that it was going to be forty percent entrepreneurs and sixty percent were still going to be in corporate. Word Twenty twenty would just one year later with all of the furloughs that we've had Justin q one q to The furloughs layoffs. The what is happening with the companies that number has shifted will again at sixty percent potential entrepreneurs and forty percent that are still working in corporate because so many people are looking for jobs. Or they're saying I want something better where where do I go next?.

twenty twenty W. Two Las Vegas UCD Oates Justin
"financial advisor" Discussed on Up Or Out with Connie

Up Or Out with Connie

08:18 min | 5 months ago

"financial advisor" Discussed on Up Or Out with Connie

"Money from the Solo 401k in that respect K.. Okay. So how do you make then how do you make tax free money? I think I know where you're going to go with this. So, how do you make that tax free money? So most people don't have a a roth retirement accounts around as you know, the money you put in, you claim the taxes on it, but it grows tax free. So what makes a solo 401k to me? One of the best retirement plans out there is you can contribute upwards about sixty thousand dollars a year of new money into this plan and why you can make that Roth contribution. So all of the growth from the money you put into that Ross Solo 401K, it's tax free. So then excellent to, and I know this was one that really was interesting. So how do retirement accounts and credit card debt which they have to do with each other? So I was talking to a client, the other day, and they were paying twenty one percent interest on their credit card. And then they had a high utilization rate. So for those that do not know, utilization rates are really the maker break when it comes to credit scores and experts say you want to be under thirty percent utilization rates if you have a ten thousand dollar limit on credit card and you're at an eight thousand dollar balance, your utilization rate is eighty percent your credit score is going to go down. So this individual that I'm talking to twenty percent interest on the credit cards utilization rates have like sixty seventy upwards of eighty percent. So their credit score used to be high seven, hundred, low eight hundred. Six, fifty, six, sixty. And the retirement account that this individual had was in some mutual funds that were making about seven eight percent a year. Okay. So on one side of the coin, they're making seven or eight percent. On the other side of the coin, their credit card debt is costing them twenty one percent not to mention their credit score is going down. So you know maybe they have higher interest rate on their car or a higher interest rate on their house there's compound effects that come from a lower credit score. So when I'm going through the situation with the client and they understand that they could take money out of their retirement penalty free tax free pay off the high interest rate credit card debt no longer are they losing that twenty one percent interest their credit score is going to jump up now that their utilization rate goes down. They can refinance their mortgage at that low interest rate that we have these days. Maybe. They can go and get that line of credit from the bank. You know for their business at a lower interest rate night is how a lot more options now. Miami bright and I think that's what it is. Is a lot more options. It's it's called a monopoly. It's really how do you play you play those cards Right on the board. So we are utilizing money the best way that you can. Know you hit the nail on the head it's it's a game. The the the banks, these big financial companies, the irs they say here are the rules, and so we just need to know the rules. would. Do we need to do to keep moving four right to put ourselves in a good spot and you know having a good credit score? You know having money in retirement and many knowing how to manage your credit card debt in your credit scoring their assets. That's huge because it is going to have an effect in business. Right? Any dies right probably heard this with maybe some of your clients or. People that your clients deal with how many people with this whole Kobe situation went to to the bank to try and get money trying credit, and then they were denied because their credit score wasn't good now living on their credit card. Exactly. Right. Now, living on credit cards, what drives me crazy is though that the rules keep changing. Because I say on top of that I, tried to buy the rules keep on changing and then I'm always getting you know you've got a new credit card or you got credit card it's like I don't want a new crash. Just doubt changing the rules you know. So you have to be careful. You're really really do have to be careful because. You could just fall into that trap I mean if I'd take every new credit card that comes in. It would be it would be crazy but they see good credit and so they're feeding more to you. So it's funny and it's a conversation hours with my kids. You know just be be cautious of that and be be aware of that by right now with covert a lot of people. Couldn't get the loan or or you know some took a P P P loan you know waiting to see and Ito fees are going to be beyond that and then others are living on their credit card. In credit cards could be best friend or your sending them. Credit Card as a liability or interest is is hindering you and the money you put on that credit card is costing you money. Thank you can use that credit card as asset. You know when I got I got started with my business I use a lot of credit card debt you know. From money at didn't have a family member that Gimme a bunch of money or have a bunch of money savings. On twenty, nine years old. So the day you know credit cards were a were instrumental in starting a business and I'm sure a lot of Americans out there they relied on credit cards so. It can be helpful but as you mentioned, you do need to be cautious. Of Isis. So what's an advice that you have for somebody that is going into some debt right now with their credit cards so I think a good. This really blows my mind how a lot of people don't even know where they stand financially. Don't know the interest rates on their credit cards I. don't know exactly how much they owe right. So Sh-, pull up an excel sheet inches have each one of those credit cards listed nights I call on the name of the credit card second column interest rate, third calling the balance last column delimit in just take a look at what that looks like. Right how, how, how far to the Hawk limit are you on each credit card and what's the interest rate on that credit card and maybe you're paying a thousand dollars a month and all that credit card debt lot of people they're just making the payments and it's outta sight outta mind there is no intense there's no strategy. Come up with the strategy, right? Maybe it's paying down a certain credit card more because it has a higher interest rate nor. I was talking to a client that needed to get there really close to getting a loan from the bank, but they needed to bring down their utilization rates. So their strategy was, let's pay down the credit cards to bring down the utilization rate. So they had five different credit cards so they would just do the snowball effect on that first credit card they will aggressively pay that down. Once it can get that down to like thirty or fifty percent utilization rate, and then they start aggressively making payments on the next credit card bring down that utilization rate. Three months six months down the road. They've got their credit utilization rates down credit score goes up then they can get the financing from the bank. So you gotTa know where you are to how strategy and a lot of people lack that basic understanding of what were their we're starting at that is true I mean they just basically stick their head in the sand and say I know I have that dead I don't WanNa know what it is. I don't WanNa. Look at it all this make my minimum payment per month and hopefully goes away right with no with no with no strategy. Advice show is heard everywhere. You can find the county by show and most of your favorite networks it's time to recognize it. Thank our Jerry Networks for authors support in house. We have much business radio cease swing radio transformation rate. Eye Radio. We also Arte Google play. Apple Radio. Stitcher and so.

Ross Solo Roth WanNa Apple irs Miami Jerry Networks Kobe Ito
"financial advisor" Discussed on Up Or Out with Connie

Up Or Out with Connie

06:46 min | 5 months ago

"financial advisor" Discussed on Up Or Out with Connie

"Hy-vee one, it's kind of fife and we're back for another episode of the Connie. Fight. Show and every week we continue to bring us some phenomenal phenomenal guests those that we call the crazy ones because they are shaking things up they are doing it differently and they are getting it done and this week we definitely have a guest that is doing that so i. You just take a few minutes to explain a bit more about who he is. He is a Forbes contributor which was really exciting that definitely caught my attention and he's the President Quest Education. So it was going to go into a long description of who he is and what he does but I thought I would just jump right in. So I, let me walk to the Connie five show Daniel Blue Danube how are you? I'm doing great Connie. Thank you so much for having me. So a right now, while right now, I mean in normal times as well. People are asking where's the money? Where's the money at work I do with my business how you know small business are trying to find alone is Challenging, you know to to say the least. So when I was looking at your information year theme is your money, your quest, your success, and your teaching business owners. How to find easier ways to finding money to pay after debt an user personal retirement plan outside of the stock market. So this caught my eye because I am a former financial adviser myself. So it was like, how is he doing this? So I'm just going start by asking you how are you doing this? So the IRS has certain retirement accounts that they've essentially created in one of those retirement accounts is called a solo 401k and a solo 401k. It's an account that's for entrepreneurs out there in his long as you have some kind of side Hustle, maybe ten, ninety, nine, income, some kind of LLC or sole proprietorship. You know you've got this side Hustler existing business then there's a chance that you qualify for this solo 401k and what makes us account? Unique is you to control your own money. You know, maybe you WANNA use that money to invest in a a real estate deal. Okay. You want to use that money to start that food truck business that you've always thought about or or maybe you want to have a an online business where you know you're you're selling toilet paper, whatever that is you get to direct your on money and use your money in other ways just beyond the stock market. Well like you say, even in normal times, entrepreneurs are looking looking for dollars to help them continue thriving in their business. Now. We have covid you know going through this. Virus, there's the P P P plan out there and I mean. A lot of businesses have taken advantage of it although a lot of businesses don't know how they're going to pay back or if it's been granted to them, because the government is still trying to figure that piece of it out. So, how does someone someone I should say small business. So how does the small business by access to those monies without worrying about any penalties or any taxes like we're going to be faced with with the P? So if this entrepreneur has a four one K. maybe from corporate, right they used to have a nine to five job and they have a 401k from that employer more maybe they have an existing IRA. The way those accounts are set up right now if they don't make any changes, they're really not able to pull money out without paying penalties in taxes. Or just limited to the stock market. But if they understood some of the options that are out there that we teach, they actually take those accounts, get him converted into a solo 401k or another self directive type of account, and then they could invest into alternative assets. They can take money out without paying the penalties in taxes. So we talked to a lot of our clients where you know maybe they need twenty thousand dollars in capital for inventory and by the time they go. To the bank and get their credit pool and you know income verification and all the paperwork that the banks of the throw at us. The idea of just setting the banks of the side in just using the money in their retirement account to purchase inventory that is way more appealing to them in the common theme that I hear from a lot of our clients is or how come I haven't heard of this before how come my financial adviser or my accountant did not till Next question you and a lot of it has to do with a lack of education and politics to be K. so a lot of financial advisers a lot of CPA's they're just not aware of Solo 401K's and other self directed retirement accounts and then taking it l. let me just jump back to the to the no penalties and taxes now that that has come up several times even with my clients that we've that we've been working with. Is there a criteria? Is there certain use for those monies that you have to? Indicate that you have to know Tay in order for that to be a no penalty no taxes on those dollars taken now pretexts. So, there are a couple self-directed plans out the solo. 401k is one of the plan. Also some plans that allow you to use the money in the retirement account where you could use all of the money in that account to invest into your business. So the requirements are the dollars used have to be going towards business expenses. I'll use the money to go flyer family out to Miami or by a Carne. IRS IS GONNA come. Knocking at your door or sending you some nasty letters you're gonNA get hit with penalties and just it's not going to be a good situation. Now. There's the solo four one K. that does have the loan feature where you actually can take. Certain amount of money out of that account with no penalties and no taxes and you could use that money. However you want maybe you've got a personal loan or personal credit card debt, it's costing you twenty percent and interest. Use the money for that. Maybe, there's just a downtime in your personal life in need some some capital to just pay the bills and get you through the next six months or a year. No restrictions on what you could use the.

IRS Forbes Connie President Quest Education fife Daniel Blue Danube Tay accountant Carne Miami
 Best budgeting apps - burst 02

Reduce Debt Increase Wealth

03:02 min | 5 months ago

Best budgeting apps - burst 02

"Mr Chuck here this episode on on a talk about. Her snow finance. Plan. We're GONNA do review. Review Reduced Debt Plan. Then on on a look at what to look for in a budget. APP and that's an application for budgeting purposes every view different types of apps and then go over a summary. So that's what this episode is going to be about this week. A personal financial plan. Is a plan were you say years short term goals, which is one to six months of what you need to say money for or to achieve in your financial life. And you set your mid term goals, which is why I think is around one year to five year plan were years saving money to achieve something within that time period, and then a long term goal, which is typically savings for your retirement or savings for your younger children's education. The farther out the goal is the less money. You can say because you gonNA achieve more. capital gains and Investing a compound or if you're got long term goals such as retirement, it should be invested in the stock market based on your risk level also included in your personal financial plans should be some type of a budget. Next week I'M GONNA go over the different types of budgets they're actually seven types of budgets you can use. And we're GONNA do episode on different types of budget next week. So if you don't have a budget, you probably don't have a personal financial plan as pretty much that simple set up a budget creating the budget. following a budget so that you can set aside money to a TV, your different goals at different level member. The shorter timeframe you had to achieve a goal, the more money you need to place into that category. and. It's just a category can put all your money into one account. One savings account US in a savings account of for your short term goals and you mid term goals and use maybe investments a such as and mutual funds stocks, or whatever for your long term goals, and if you have more than ten thousand dollars in investments, you most likely should have a financial planner or financial adviser. They're the same thing and they'll help you make investments based on your risk tolerance and your goals

Mr Chuck United States
US producer prices up 0.6% in July, biggest jump since 2018

KCBS Radio Morning News

00:28 sec | 5 months ago

US producer prices up 0.6% in July, biggest jump since 2018

"Warmed up in July. The government says it's producer Price index rose 6/10 of a percent, marking the biggest increase in wholesale side inflation in almost two years. A rebound in oil prices led the way, with gas up over 10% from the prior month, offsetting a dip in food prices, which have continued to fall after jumping during the stockpiling phase of the first few months of the pandemic. Services like financial advisors, saw a big increase in July

Producer
Deep Dive on Dave Ramsey's Investment Advice! (Financial Advisors React)

The Money Guy Show

05:49 min | 6 months ago

Deep Dive on Dave Ramsey's Investment Advice! (Financial Advisors React)

"Yeah Brian. So this what is going to be kind of interesting? We sort of asked the audience out there. Hey, you know we've talked about Dave's investment advice in the past. Would you be interested if we did a bit of a deeper dive? What are some things that are good where some things that maybe aren't so good what's our take on it and there? Was a resounding yes. From the audits that they wanted to hear it. So here we are to share our thoughts I feel like we need to lay out some ground rules though I mean we do live in Franklin Tennessee and we're kind of in the backyard of the big dog himself Dave Ramsey, and here's the thing you can't live in our parts and not have. Neighbors, people you go to church with you know there's a lot of you know of Ramsey solutions that are all in the community, and by the way if you were here thinking you see a show were Ramsey solutions are Dave Ramsey is trashed. You're in the wrong place. We have tremendous respect for Dave and I think if you even as we poke holes in some things that I think Dave is going to astray on and you can improve upon there is no doubt that Dave has done more good to the financial world than anything else if we just wanted to kind of look at some of this quick accomplishments, he has over fourteen million listeners to his weekly radio show he sold over eleven million bucks. He has this says, this is from the website over eight hundred team members I know that just because some friends whether it's like nine hundred and fifty employees think about like how many lives is impact in this? Is just absolutely remarkable more than five million folks have gone through financial peace. University. So if you do this exercise awhile backbone I can't remember you saw speaker somebody in you named out some big brands you'd come up with one word to describe them, and so if you throw out Ramsey solutions, what's the one word that that comes up in my mind? It's debt. Think Dave there is nobody that gets you out of debt better than Dave Ramsey. So what I'm trying to figure out those we know Dave, does so much good with getting people out of debt he talks about the eighty percent that's behavior that yet twenty percent that's in your head. What does that mean towards investments because is, is there space to know that there may be some additional things that you ought to consider? Yeah. So one of the things that I think is amazing I will have a family members or relatives who I tell them all the time about, hey, here are the things that you want to do to like get a credit card debt or pay this off in no matter what. I say how communicate somehow it doesn't doesn't sit with them but in all of the sudden church offers like financial peace university, go through it and they come tell me how you will believe what I just learn their own far for the concept. I've been telling you this for like months and years but what ends up happening is they kind of get through that interational and they do say okay now I'm ready to. Start Building Wealth, and this is what Dave said about investing, and that's where I always have to kind of say. Oh, well, maybe that's not exactly perfect. So let's I. Want to go a little deeper because Dave does talk about the eighty percent. This behavior twenty percents head space will there's also I think it goes beyond that is that we know that the lion's share of Americans struggle with basic things what I consider. Commonsense of they can't get out of debt. They don't have the disciplined understand it, and we've often said there is and you just mentioned it. There will come a graduation or a jump off point where you need to go beyond common. That's right. So I, think that's where we fit in. We are not the eighty percent or the portion of the public that struggles with basic behavioral stuff we know that our audience are maximized. Money Masters we know that if this doesn't hit you, it's just you're not there yet we are focusing on the twenty percent that wants to make sure every dollar in your army of dollars has a purpose and knows what they're doing and you WANNA maximize it. So that's what we're going to focus on, and that's what we're going to look at it through that lens to see how does Dave's investment strategies? How do they fit in what we know is financial advisers about wealth creation. So if we're GONNA talk about areas where possible he misses it a pasta hits at one of the questions you might be asking what is Dave Ramsey's investment advice so we actually went. Out to Ramsey solutions and I think this is on Chris Hogan's website, and he basically lays out how to diversify your portfolio. If you're structuring investment portfolio, Dave likes using mutual funds, he likes using active mutual funds and he thinks that an investment strategy should look something like this twenty, five percent and international twenty, five percent growth and income twenty five percent aggressive growth in twenty-five percent and growth that certainly sounds easy. Doesn't sound like that's a hard thing to put together. Well, it sounds very broad and it sounds very growth oriented but I do like I think this is something that got fine tuned Chris came in as part of Ramsey solutions is he goes a step further. Tells you what are those broad descriptions like aggressive growth growth and income? Is there a large cap mid category international? So what's what's the deeper dive on that? So if you look at the details growth and income, these are the big companies is the ones that have a market cap of ten billion. Well, if you were to ask us the money got show rebound wealth what that is that's really large-cap. Holdings large cap US companies well, then they said there's this growth asset class naturally tends to be companies that are somewhere between two billion to ten billion dollars. Well, we would just call those mid sized or mid cap companies, and then there's this aggressive growth high risk high returns. These are companies that are smaller they're less than two billion. So we just call that small-cap now, all three of these are us. US large cap us mid cap small cap, and then lastly there's this international bucket companies that are outside of the United

Dave Ramsey Ramsey Solutions Chris Hogan United States Brian Franklin Tennessee
Why Growth at Grayscale Exploded in the Last Quarter

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

05:56 min | 6 months ago

Why Growth at Grayscale Exploded in the Last Quarter

"It's recently quarterly report gray scale announced record inflows. Tell us about that. So on a quarter, we'd be says, our team puts out a report that looks back at investment activity across the gray scale family of products over that most recent quarter in we try and break down for the investment community which products have inflows, which products more popular than others, what the breakdown is different types of investors any other trends that we're seeing amongst our investor base. and. Though regularity, these reports have really allowed them to become almost the defacto sentiment indicator for investment in the days in in two this year, we raised over nine hundred, million dollars in just that second quarter, and that was on the back of raising over half a billion dollars in Q. One this year. So we're really seeing influence into the gray scale products at a record pace. And that's almost double. What do you think accounts for the massive increase in interest? I think that the macro environment is causing a lot of investors to focus on Crypto in a way that perhaps had before I think one of the most topical things that investors are talking to us about is unlimited quantitative easing and as they look at how much the Fed and other governmental bodies are printing, they're really starting to drill into the verifiable scarcity of assets like get. Coin and when you think about that very important attribute that bitcoin has and then you combine it with bitcoins uncoordinated nature and it's not just bitcoin. Right? It's other digital currencies as well. Investors are starting to appreciate that there is a new in uncoordinated return that they can maybe get from having exposure to digital currencies, and now the timers in a lot of investors digging on the space. and. So when you talk about the quantitative easing that does, of course, immediately bring to mind bitcoin because of the cap on its supply and when you started your answer, you were talking primarily in Bitcoin or about bitcoin but I wondered how the interest in the currencies was spread out. Is it? Eighty percent in Bitcoin or you know what are you seeing in terms of the interest across the various crypto sense? So Greasy now has ten different investment products and a great deal bitcoin trust is our flagship product. It's been around the longest. It's our largest no question about it We've seen a market uptaken interest across the other products. So in particular, I'd highlight in cute too. We saw a lot of interest in the gray scale at theory and trust. In really seeing more investment really coming in across the board and I believe now of our returning institutional investors, we now see over eighty percent of them having now invested in more than one race cal product meaning they. Now you have exposure to more than one digital currency and it's interesting to think about that audience because for many of them, Bitcoin is their first foray. It's the place that they're most comfortable with it done the most research on typically it's what gets them comfortable and gets them to give their telling the space, and we're now releasing a growing trend of investors not just wanting acquainting exposure, but they actually see diversification benefits of having more than one crypto currency exposure in their portfolio. And when you said that if him was another one of the assets that was gaining a lot of interest what's driving that because the theorem does not have a cap on its supply. So I was curious to know why they were focusing on that out of all the other non bitcoin assets. Well. I think BIRLA investors at theory like coin has a lot of staying power on it to like acquaintance overcome a lot of adversity and I think investors are starting to drill into some of the east cases around the theory. powering defy and a lot of other new applications which theory is really targeted towards where I think for more investors thinking about Bitcoin, they're really thinking about it more along the lines of digital gold or a digital store of value. And who is coming to you now, are you seeing interest from new groups and what types of investors are coming to gray scale? We'll still gracie obeys assets primarily from institutional investors. So we deal primarily with accredited investors. So it does include a lot of high net worth individuals and. Family Office is financial advisers but believe the vast majority of the actual dollars that we're getting are coming from the hedge funds on and then other types of institutions, endowments, and pensions, and I think one of the most things we actually broke this out in some reports. This year is that the allocations aren't coming from any one kind investor I. Think you know for a lot of folks bitcoin digital currency investing its momentum traders or it's for funds that really only are experienced in investing in technology or In. Venture capital things that are really on the riskiest end of the spectrum in Farrah's when we look at the actual mandates of our investors, it's everyone from global macro funds to value funds to risk arbitrage funds. Any every single kind of investor mandate is represented in the gray scale investor bays, which I think the takeaway is. Digital currency investing is certainly not for everyone is risky too early days you know a lot of investors need to have a patient in kind of medium term horizon for their investment, but it does that mean that it's something that everyone should at least be considering and we're already seeing empirical data that it's making its way into the portfolios of investors of all different kinds of mandates.

FED Birla Family Office Farrah Gracie
"financial advisor" Discussed on Masters in Business

Masters in Business

07:23 min | 7 months ago

"financial advisor" Discussed on Masters in Business

"Play football and I My first part of the season ended up becoming injured I've you know red-shirted and but I came. Came from a family where my parents were struggling I'd have any money. And someone said you can sell life insurance and make money and I thought well. I always had a knack for selling things, even as a kid I went to auction school so i. don't people and let me do an auction for their junk and you know the popcorn business I had a lot of little businesses always had this entrepreneurial. Spirit and for six months I just called out a called out of a phone book and amicable life. It just come out with life insurance on those days. Yeah, putting to come out with the universal life and I didn't like trying to talk someone into buying insurance whether they needed it or not, and shortly after that I want to get my securities license and I was fascinated by. The stock market and and you know the capital markets, and how they function and it just. I feel like I have hardly worked a day in my life. I fear for. A couple of times I thought I hate it. I was going to quit the business, but once I got. Some, I'll call it a penny around, just taking care of people and really putting people's interests I, not only did the the profession become a lot more fun, but I grew incredibly fast, and and I've always stayed in that line of work I've always I've always been a nontraditional always thought of different ways of doing things and I saw it allowed me to not only be in a in a business that I enjoyed, but it gave me a lot of young creative space in order to try to try different things I love that phrase that you hardly. You've never worked a day in your life. My wife used to tell people I'm gainfully unemployed which I guess is. Sort of the same spirit so so since you started back in eighty three you coming up on forty years soon. Do you recall who was your first client? Do you remember the first person who said Ron using like a trustworthy guy? Here's all the money having the world. Try not to screw it up. I do I. I was they they owned They owned a drugstore in the middle of Nebraska, it was a small small town and I. Remember them writing me a check. And and I told I pulled out a town. Of course there was only gravel roads in and out of their small town, and I remember for my car over I got out, and I ran around like six times jumping up and down. You would've thought that won the powerball lottery and those The the they he passed on shortly after they became clients, maybe a couple of years, and then she was a client until probably about five six seven years ago, and then their children, our clients to today, and but that was that was a very very first one. You'll never forget the first one yeah. That's a great story. Let's talk a little bit about this division of the Carson Group. Tell us what is Carson wealth and how does it fit into the bigger umbrella organization, which seems to have a number of moving parts, so we have Carson Group and then Carson Wealth Berry. The very very first you know part of Carson Group. It's our retail offering, so we're a registered investment advisor. We manage Costa Thirteen billion in assets for you know several thousand families around the United States. And our mission is to be the most trusted for financial advice, and if I'm driving down the road and I don't know anything about our profession I'm listening to this and I'm like well. Doesn't everybody you WANNA? Do that and I would say maybe you know. How many people consciously think of it, but we're interprofession, unfortunately that that you know in financial services, a huge category berry, but sixty five percent of Americans do not believe that their adviser or the institution they represent. We're going to put their interests ahead of their own. And that's really the mission of what we're trying to do. Nobody owns the space in. It's so fragmented to this day. There are two hundred and eighty eight thousand financial advisers, roughly a half a million in the mid nineties of the two hundred and eighty eight today, nearly a hundred eleven thousand are going to retire WE CALL HIM RICH ENTIRE And they just don't WanNA keep up fall. Technological Change and we see that the real opportunity to grow market share, but do it the right way you know we've. We have quite a few offices around the country we have. Proven process. We have very specific ways of of delivering yo the value proposition, but you know ultimately you know I feel that we have a real shot at owning or coating that in the future you know you think about vanguard own, and as far as a brand, low cost investing fidelity own you know their retirement plan market but no one really owned the trusted wealth management market clan interesting. You alluded to something that I want to circle back with you because you went by so quickly. Sixty five percent of the public do not believe that their financial institution has their. Best interest. Yes and buried to this day. Most people do not know so I travel around the country. COVID probably give. Sixty seventy talks a year in in many of those to retail clients of ours, and I always ask the question who in your can tell me the difference between a producer broker? And anywhere from zero to one hand will go up. was speaking at a CEO. Is The toossion last year there were sixty five CEO's from all over the world, not one of them new the difference strain of produce Sherry. Anna broker, and and to the day of broker is not required to put your interest. First it's only food ability. That's it I mean if they disclose it in. One thousand page perspective, and it says they can do it, and they can charge it. It makes it quote unquote legal, and and we have a say a carson. Just because legal doesn't mean it's right and I think we still have a massive gap between understanding. Purdue -CIARY, versus brokers and I'll open though talk to to say listen if you get the one thing, right. Right. You're saying trooper, do producer versus a broker and you pass it on to someone you love, and they get it. You'll given a true gift that will get for the rest of their life. Now here's one of the really interesting things about the RIA industry over the past twenty years. A lot of who think of is big brokers UBS, Merrill, Lynch Morgan Stanley. A big portion of their employees have moved either to be hybrid broker. RIA's or just registered investment advisers are I as. Is the fiduciary side of the street is the fee only no conflict of interest versus the Brokerage Sales Commission side?.

carson Carson Group producer Carson Wealth Berry CEO football Anna broker UBS Nebraska United States Ron Costa Thirteen Purdue advisor fiduciary
"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

05:40 min | 1 year ago

"financial advisor" Discussed on The Money Guy Show

"That between your relationships often. Do we have the tightwad spouse the spouse that is reasonable but need somebody kind of be the arbitrator between and speak the language of their spouse. That doesn't WANNA come off or anything. WHO's having once again kind of stuck on that saver versus spender? We kind of help would break the towel in those things. We had put it in here in the show notes. Let's create an estate plan for you because we do a lot of the stuff. We do the checklist. We talked to people about guardians beneficiaries the structure of trust and things. But what do we mean. But we're not GONNA be able to create an estate plan or it's grey zone. We think that we can give you guidance and Counseling Estate Plan but ultimately when it comes time to draft the documents. You really want an attorney. That's going to do that. You want someone what is actually pro bates in the state in which you live that they know the state laws. I know how the estate document needs to be written. What you also WanNa find his adviser be able to do though is correct? Correct a poor estate attorney if there was a plan that maybe it was too complex. It had so many moving pieces didn't fit your situation. A good adviser should be able to review the work that the state attorney us us and be able to lean into that and say okay. Yeah that's a good fit or no. Maybe that's not a great fit but probably not gonna be able to actually draft documents or said of the trust themselves what I always like to say is is it always tell people. A good financial planner will go through like a checklist of all the all the things you need to have ready to take a good estate attorney and you just the preparation will hopefully save you some. Yep that's a big part same thing that's great transition lasting tax preparation. We do the same thing I will tell. Yeah I think one of the biggest value adds that our clients get the biggest kick out of is that we help consolidate all the ten nine ounce and stuff from the assets were managing and either get it to their tax. Prepare or for the crazy. Do It yourself as we send it to them. Blowouts call them my mom this morning. She lets me know that frank is going to be doing his own taxes. You know what that means Brian. Congratulations mothers taxes. Because I've told them they need to be working with CPA. Oh Lord. I just figured you'd find that it because it is one of those things where we will help. Coordinate I think a good financial advisor. We'll kind of bridge that because we're not trying to compete with the tax preparers but we definitely really make their jobs easier. And I think the ones that will embrace that when they know that we're not trying to hurt them are coming to the way they love having somebody that can work between them and the client to get things things taken care of at the end of the day. We think that hiring an advisor can and should be a huge asset to your financial life. But it's a big decision and we say this kind of jokingly but we you mean it when we talked to prospect. It's a little like a marriage. We tell them very early on. We're going to go through a very defined involved process before we even make the decision. Listen to work together because when we work with we want to be worked with them for the next twenty thirty forty years you should approach the decision to hire an adviser with that gravity recognizing how how big it is and one of the best ways you can do is educate yourself understanding the ABC's all the credentials understanding what the different type of compensation structures. Oh she's understanding maybe some questions to even ask a financial adviser and educate consumers a better consumer. And here's the thing. This show showed me when we're doing the show. Prep we don't have the deliverable yet but you guys are going to need some questions so instead of us going out there. Because there's checklist all kind of other things you can do for knowing what questions to ask Aska financial advisor. We're actually working on that right now. So I want you and that's a great segue to kind of close out the show. You gotTA GO TO MONEY DOT COM check out our resource page. We do shows as we get inspired from we create things that you can use to accelerate your success plan and one of the things. We're working on right now in in the next hopefully month we we'll have a question. Gee should ask financial advisor that will be a great resource for you and that also applies to this abundance like we talk about it. I told you we get nervous about Doing a show like this because it did seem like a lot of the stuff we set a financial adviser is what Obama. You're like wait a minute. These guys just kind of sell themselves. This is what I would ask you to go. Go look at our other content because this concept works is because we give away tons of free information this is just how we are wired. Is We want you to be successful. Zestful we want you to come to the money guy show to be learn apply the concepts continue to grow and one day reach a level of success. You go probably say when do I need to hire a financial adviser you go on this show and there's GonNa hit you. This is the abundance cycle. I have now reached the graduation point. I don't know what I don't know I've gotten not in this. Life has gotten complicated and I just WANNA make sure. I don't run this thing in the ditch because I am now the. CEO of a seven figure enterprise. Let's get these guys is in here. Let's see make sure that you know that I have a copilot and for young savers. You're now getting to the point. Where maybe you have a half a million dollars asset location? That's a term. I'd never even heard erred. You're going to think about the abundance cycle. We love doing this. This show started in two thousand six as a way to educate is supposed to be an education platform. It wasn't until a year or two and a half to three that we got our first client off of it and that's what I was like. Wait a minute clients off of this so as well get so nervous when we talk about things like this because I want our heart is in this and I think that's why challenge if this is your first show you're right. This is another group of guys. Try sells them. Go Watch our other. They're content. You're GONNA say no. This is our passion and we love to have people who work with us and we love to have a team that has this passion of an educator and just makes things happen for the money family. If you haven't had chance to go out to YouTube maybe listen this out night tunes or audio world.

advisor attorney Counseling Estate Plan YouTube ABC frank Brian Obama Aska Gee CEO
"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

09:36 min | 1 year ago

"financial advisor" Discussed on The Money Guy Show

"They give you any thoughts on it. That's just a little thing you can check I- looted to this already but we'd put in here all of your investment accounts not just the investment accounts that are right before them. We we see advisor all the time. They're like okay. We look at Your IRA. Or I'll look at your brokerage cab which 401k that's what the company that's over here we'll just have it do its own thing for most folks are 401k. He might be the biggest part of their financial puzzle. Ain't it might be the most so it should definitely be part of the overall plan or looking at whether you should take a lump sum from your pension or take the pensions engines and people are always shocked. When we'll take the pension you know because Awada? Here's the dirty little secret of the industry a wad of those pensions. The reason you're getting being those Bayat options is the pensions have very lucrative assumptions built into the way they were designed and the companies are trying to get rid of some of those long term obligations. So they're offering to give you a lump sum so it is very important that you do a full analysis. Should you take the pensions. which is the annuity payments over your lifetime or your survivors offers lifetime or should you take the lump sum? A lot of people really think we talked to find of. Is it always going to say. It's just not the case but it goes all over the place it depends on the design and structure. That's something that a good financial planner could actually help you. Analysis take an analysis of determine. If you're properly insured without selling sewing insurance products that look I. WE'RE GONNA comments 'cause we get them other com- yes. There are some financial advisor out there who are fantastic. WHO also happen to sell insurance? What we believe is that it? It makes it a lot easier for us to just remove that conflict altogether. We will do insurance analysis till you're blue in the face and then when it comes on to actually buy the policies were more than happy to introduce. You should have someone or for you to work with your agent to get the policy in place. I just think when you have that separation. It really does help. Well I mean it makes me think looney tune cartoons is that bugs bunny when he's thirsty he's everything looks like even though he's in a desert like it's an oasis and I found the same thing as when you know that you get a hundred it percent commission of the first years premiums. I want you to think about that when you have somebody pitching a life insurance product. Think about the fact that the person sitting across say was go get a hundred heard percents not one percent. They're gonNA get a hundred percent of your probably first year premium. It starts messing with their brains is it is. That's why I like taking taking a love insurance. I'm big about Rx talking to clients. We even have a group of people we work with. But I just like taking out that conflict of interest Talking about when you're going to retire this is a big one. A big thing is one of the questions I think this is the most common questions someone asks us is do I have enough. How do I know when I'll have enough? And then how do I figure figure out what to do. Once I've got enough good financial advisor should be able to help you with those questions all along the way and they'll help you stressed us to see if you've broken I mean that's the I think we have so many we have. We have far people. We have people who've been retired for a number of years. We're trying to before you actually walked through that gateway or that threshold of saying I'm no longer working with my hands my back and my brain. She WanNa make sure that you look at it in the worst case scenario and that's why we like Monte Carlo Simulation stress testing I think that's such an important thing and then Bo I want to close it out. Come is we're working through these last few things quarterbacking. We can't we don't typically you don't see a wad of attorneys at our financial players. I would they can definitely quarterback that estate plan developed. Yeah I think it's really interesting. How many advisors? I know that they don't request copies of documents. They don't actually do a review. They don't look beneficiaries. That stuff matters if you want an advisor to actually look at your whole picture. They need to understand what the estate plan is. Not some their purview. Maybe something you want. Ask Ask him about it. In the last two things just cash reserves you guys have asked me about three months and my six months among more. Because maybe I'm approaching retirement in the next twelve to eighteen months. You're good financial. The planner can help you with that. And of course the kids were trying to figure out five twenty nine how they work and integrate with education credits. Your financial planner. A good one should be able to help. Help you work through all those things what you probably heard there. Is that if you're working with a financial advisor who we would classifies a good financial advisor. There's not a lot of financial questions that are off the table. There's certainly be quick to say. Oh well maybe we should check your. Oh I don't know let's check with your state attorney. But they're willing to provide guidance council inside away in on every area of your financial alive and I think that's what you want from someone who you're essentially hiring to help be the CFO of your enterprise that you're running so we're going to talk about what real financial advisor we'll do. I think it's important to talk about what they will not do. Look who's pitchers on that. I see I didn't even put together. That was the non mean Mug into it was the look from Zealander. You don't talk about what's he call. That is it blue blue steals the blue steel right there when you think about that. So let's talk about what a a real financial advisor will not do and this just got speaking experience because he's the things that we are just omitting. We're probably not experts that this isn't isn't solving that someone who's looking for this service would come to us and ask for we typically. This is one that I'm always amazed when I talked to family and friends. We're not going to get you. Typically out of consumer debt here. Here's a cold hard fact you talking about still blue or steel blue steel steel. To tell me to blue's still been still don't get mad but blue still giving you a cold hard fact would that look I I should make you just hone in with that. Look right now. I don't think I could resume. Is that most successful. People don't struggle with consumer debt. Now one of the things that one of the things that probably got them to success desk was was either screwing it up fixing doing better or just never getting in that problem. They understand that being successful financials about building and having positive net worth not not borrowing and having negative and look there's resources to get you out of that stuff. I mean Dave Ramsey. We'd done shows on it. You can do it yourself. Tip is contact. The National Foundation for credit counseling counseling. If you see if you've got to break that cycle so that you can actually start building assets and that's just you don't need a financial planner to get you out of debt because the last thing you need to do is stack attack on more and more hand. That's working on you you need. You need to get to a level of success where the adviser is a benefit. That is guiding and shaping what you we do have not what you. Oh that is just not a healthy thing. The second thing that we think are real adviser won't do is if you look at the real financial advisor isn't going to pitch you on how they're going to help you beat the market. That's just not something. Now maybe investment managers might want to tout that they can do that but if someone's really talking a lot about performance and other going to outperform and how they're going to do this they're probably focus more on investment management than they are on financial plan. I would Ma- spidey senses would start going off you look at the stats. We've done on all the shows on how how often index funds are so much more successful and it makes sense. Their costs are lower their taxes are lower. It's just hard for managers to overcome from that headwind. That's facing them so don't try to beat the market. It's just not. It's not an easy process. Another thing that we see poor advisors do and unfortunately we probably see this more than anything anything else. They solve all problems with the same solution. USA for college. Got An insurance policy for that. You want to protect against premature death. I got an insurance turns policy for that. You want to build for retirement insurance policy for that. If someone has very one sided single answers to a wide array of problems it might. That'd be a sign that it's not the perfect adviser for you and then the last thing I put on the financial advisors not going to help you skip steps. That's such a good one because well is true because because we all are looking for the easy way. It's just like if I told this when I go to the gym. I've told one of the trainers that in the coaches that I've worked with. I've said if they could give me appealed to do this and it wasn't like Saad effects like all the performance enhancing drugs. You would do it. Most Americans would do this. They would not putting us. I wouldn't do you it. They had a pill that would do all that without the side effects. There's no magical thing and it's the truth. It's the same thing for financial planning and creating financial independence. You're going to have to do the hard hard work. You're not going to be able to skip status so pay attention to that. This is a long term journey. It's a marathon. You can't skip steps as you're building success now we it made that we we laid it out pretty by what is a financial. What will finance advisor for sure do would not do? There is a little bit of a grey area. We want kind of speak to that a little bit because there is there's some nuance in there. A little bit because we have worked in these areas that we're about talking about the grey zone is really helping you control. Your spending. Controlling spending is different than having debt. Got Problems Yeah. Those two are not exactly the same thing because you can pay attention to what are you. What's your cash flow your cash management plan? What your expenditures? Go be in retirement. How do you transition Shen from saver to spend? Because that's a very important thing that a good financial planner will do so. That does fit into our purview Keep going I'm sorry I was Gonna I was Gonna say I think that another thing is they can help you understand what you can spend because one of the things that we have clients asked all the time is. Am I saving enough or I want to go do this trip. Yup and I want to upgrade my car but I don't know if I can one of the big things we try to do with clients especially when they're the cumulation phase is say if you can set yourself up to pay yourself first. Say What you're supposed has to be saying understand what you're building towards. You can remove a lot of the spending guilt that we see with folks who are still thinking if you have a good adviser who can help counsel you through through that and tell you how much you should be saving and why you should be saving that amount on the converse I can also tell you..

advisor Bayat Awada Monte Carlo Simulation Dave Ramsey USA looney National Foundation attorney CFO Ma Saad
"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

02:56 min | 1 year ago

"financial advisor" Discussed on The Money Guy Show

"Management or covered. If you don't have someone he's looking at all of those pieces and they're just looking at one account or one piece of your portfolio at argue. They're not really doing financial planning. They're they're doing investment man. I I mean I think a big clue as if your financial advisor would say you can go with any of the big ones Fidelity Schwa- vanguard and we hear from the reason. I know that I'm speaking is because we have several of you work at vanguard or fidelity of these things and you kind of whisper to us that you listen to the show. Kosh always tell people because as somebody who has the question about property and casualty and I have a person has a question about their four one k. but since their 401K's not with us we can't help because we only can work with them. What's right right before the custodian? We work for you. That's not financial planning because there's so much there's estate planning retirement planning. There's all this type of analysis sis that needs to go. That's away above and beyond so that's why when people find out we push a lot of index funds out what are people paying. I'm like investing has become commoditised. Monetize guys you gotta understand. You better be doing more than that so that we can make sure that people understand. They're in a great financial situation for the long term and that leads to let's talk about. What a real financial advisor will do versus those that you just not quite sure if they really are financial advisers now what I think is funny about that pitcher no? I'm not figured out. I have very skinny us. I can still see through those. I don't believe it. I thought you fell asleep. Standing India is a great setup. What I look at this is the way Daniels set up these photos? I'm the real financial adviser you notice that I don't even put that again because I'm I don't know so it was like let it roll with it because it's good. So here's some of the things I do and this is just a taste of what a real financial advisor to help. Help you with your net worth man. Do we know that is the invisible hand. Told it's GonNa wake up your brain. Is that net worth year typical planner. Probably if they're really trying to get your life or they're gonNA help you with that they're gonNA help you organize what's going on with the how I think what that means. Is they're going to ask you questions about things that maybe they don't even make money off off. They may ask you questions about rental property. They may ask you questions about voluntary deferred compensation twenty nine life. They're going to ask you questions about things that affect check your total net worth. That might not even find the purview of what they bill on. That's a sign that you might be working with a real adviser cashflow tax planning because how often we talk. Talk Talk to our clients about taxes. I would say almost every time we talk. Because it permeates all aspects of financial life. Tax Efficiency is definitely important. We talked about tax location. But there's also just understanding when you get you know look I'm not trying to compete with the CPA. I'm not trying to steal the preparation business. But I do think it's important for your financial angel player to have a healthy relationship and understanding with the.

advisor Fidelity Schwa Kosh CPA Daniels India
"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

02:21 min | 1 year ago

"financial advisor" Discussed on The Money Guy Show

"Times kind of happen when your asset inside you can take advantage of things is like asset location? Not just how you spread the assets of the type of accounts you hold. You can take advantage of things like tax laws. Harvesting capital gain avoidance strategies. You can look at charitable label giving of appreciated securities. They're just ways where we feel your financial situation your portfolio graduate beyond the solution that are targeted time of funding. For for you so I think I just heard you. Tax Location matters loss harvesting matters you probably want to get creative with some charitable giving some legacy plans and then don't forget about just as you get bigger more diversification customized choices on the investment options. So that leads to a great segue into what's the difference because this this is something if you WanNa know you were talking about how people you get annoyed. A pet peeve is when people say that they don't pay the commission that the Insurance Company does my pet upheavals when people don't understand the difference between a financial planner verses and investment may also. Yeah because there is a I will tell you. Because here's the question difference between Financial Angel Planning and Investment Management and. I'll tell you what sets us up though is that there's a new breed. I love the competition that is being created within the investment marketplace a place we have zero trading fees we have internal expenses that are slapping around near zero zero so index funds everything. It's been great rate in an area that has recently come about as woking you if we can do this with the investments. Can we do this with financial. Planner Seen Robo advisors come on the scene like betterment and even in every one of the big boys has a platform you have vanguard Schwab Fidelity they all have they call it financial planning but it's really investment management platforms. And so let's walk through. What the differences are there? Yeah so the big thing like you can see. Now that might do some loss harvesting it might look at asset location or it might even help you with allocation decisions. But in our purview. That's really all underneath that. Investment Management Umbrella. And we think to do a good job of doing a full picture financial plan looking at the entire circumstance investment planning piece. It's an important piece but it's not the whole piece. It's just one piece of the puzzle. You have to understand how the investment portfolio matches with the estate plan in matches with your tax situation and your insurance and risk.

"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

03:56 min | 1 year ago

"financial advisor" Discussed on The Money Guy Show

"Asian also requires three years work experience rigorous continuing professional education and high ethical standards similar to the prior high level certifications the PF s must must pass an exam so it to is obviously a highly regarded. Well respected all that blow heartedness debase say a CPA that does findings. That's that's what it. There's an look like I said I get weird about this because it just so happens to three credentials that they used at Are the ones and I think those are if you ask me. What are the ones is that I get most respect when I see him? It is a CFP CPA you say slash PF s and the CFO which you have. I don't the restaurant I look at as a lot. A lot of alphabetical soup. That a lot of organizations that are trying to sell stuff to some of go pay one hundred bucks and you get it. So here's here's the takeaway from that if you're working with advisor if you're thinking what about homeadvisor make sure you understand. What the designations behind their name are and just because they have a lot of them doesn't necessarily mean that they're good ones? Do you want to go do your own research. There and also understand in their education background. You heard a lot of required a bachelor's degree find out what that bachelor's degree and find out how long they've been doing this remember. I just did a show earlier whereas talked about how I screwed it up my parents own account because who do you typically go hit up. First when you don't have friends family and friends go blow it up on them so you need ten thousand hours of expertise. He's out of like you'd have even more if you've got some assets behind you so it's just understand what you're getting into so let's now pivot into this is a great segue win do do you need a financial adviser Yes so obviously. We mentioned right at the onset of the show. We as financial advisers are of the opinion. Not everyone needs a financial advisor. We think there are actually points in time when it makes sense for your cross that threshold is seeking professional guidance. So let's let's quickly kind of go through these because I know that we've we we talk about. This is that there's GonNa be life efficiency considerations that you ought to look at what I've heard you do this several times though. What do you tell people on when you might want to consider hiring? I think generally can boil down to sort of three things one. The gravity of your decisions is so great. You don't want to go at it alone anymore. If you make a big mistake on five five thousand dollars you have it really hurt yourself that much if you make a big mistake on five hundred thousand dollars now you're starting to talk about something significant so the gravity of your decisions as large number two. There's just not enough time in the day with social commitments and community commitments and work and family. And all these other things pulling on you. All your needs ages just fall to the back burner and you don't have time to get back on the front burner and then the third thing is as we get older and as our financial situation as it just tends to get more complicated the things that we don't know what we don't know you want to keep it out of the ditch and you want to keep it out of the and then here's a I'll put a fourth one out there that we've seen recently. These are people who are spectacular and probably in another wife could have been financial advisors. I'm talking about my engineers pilots. I mean I'm trying to think of our clients that I've been like so impressed with a brand new client that's out of the medical doctors and his That's just brilliant and it's worse things that they're now we're we're picking up a new breed of clients where they're so oh good but they're worried when they can't speak for themselves anymore they wanna make sure their significant others not getting ripped off. They try to find somebody who thinks and acts like they do to be that backup plan. So that's even where even picking up how level people that do a great job themselves but we're gonNA have a backstop in case they can't speak to keep the family enterprise is going so it's powerful. I also WANNA throw one more thing out there. You hear US talk a lot about with people. Don't have four five hundred thousand dollars you like. What do they do? Do we target retirement funds. We loved you know. The low cost options that allow the robos a target retirement funds. But the question is can you outgrow target retirement fund and but we found that there are some points. Where you do outgrow when do those one of those.

advisor CFO
"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

07:01 min | 1 year ago

"financial advisor" Discussed on The Money Guy Show

"It doesn't have to be in your best interest. It doesn't even have to be the best product you just have to fit into into the term of suitable. So here's here's the perfect analogy candy every time you go to the movies and you get your twizzlers you get your your peanut. MLM's and you throw the popcorn in there too and the coke will throw it all in there they can sell that in the FDA and everybody has shut the government. Hasn't shut them down. Because even though it's it's not healthy to eat popcorn candy and twizzlers and everything else it is suitable for human consumption. It'll keep you alive. It suitable suitable will immediately kill you right now but over. The long term is not good for you so a nutritious who is probably you go higher and nutritionist and there goes put put together a diet and they're gonNa tell you calorie intake your metabolic processes then never ever going to say it's not going to be unless it's your cheat day or something that gets you motivated baited. They're not going to tell you. They're gonNA throw suitability out the window and they're actually tell you what the best foods you probably get a lot more Broccoli under a fiduciary standard the thing you would with a suitability now look in the short term. It's going to be a lot more fun you know getting sold because they're gonNA wind and dying. They might even buy you a steak dinner if you go see there seminar but but I can tell you long term fiduciary where you have a legal obligation to put the clients in your best inch. Their interest ahead of your own is going to be much better in the long talk. We've just always liked that. Because what natural allows you to is it just removes some that guesswork. Whatever you go into a financial adviser relationship? You're naturally kind of on edge inviting someone in to just the deepest darkest part of Your Life Normally for most folks. It's taboo subjects. So if you know the person on the other side of the table is required by the law to act in your best interest it allows you to at least let your guard down a little bit another thing. Nothing is confusing for the public certification letters. After your name because it has gotten under the point and I I was like well. We do this show if I just talk about what we have people who think that's very self serving so I'm very tense very sensitive to that so I said what we're GonNa do is I'm GonNa go actually find a third party something that everybody's heard of and see if they have an article so I typed in and I said what's the credentials the the best credentials for financial adviser and there was an article pop right up and it was the top three financial advisor credentials according to invest a PDF. Okay so this is a source and I did this because you and I don't completely agree on this. There is some dissent among the money I will read. Is these certified financial planner designation the nation. I'm going to read this quote unquote because I don't want you to think that I made something or added to it to to make our point. But here's what investor Pedia says about. CFP's quote a certified financial planner CFP is bound by rigorous requirements set by the Certified Financial Planner Board of standards the CFP board. There are four parts the initial CFP certification education examination experience an ethics a CFP candidate will need to put in up two thousand hours to complete the required coursework work in the exam. The CFP applicant must have a minimal education. Level of a bachelor's degree in coursework in financial planning the ethics component requires the applicant to meet meet the fitness standards for candidates and registrants and promises to follow the rules of conduct with conduct. which put the client's interest first? You have to have a bachelor's degree you have to put in the time to pass approved curriculum. You have to pass the test and then you have to have experienced doing it and you have to agree to be bound by the code would've ethics obligation essentially so that's good so that's that's the CFP now. I think it's interesting. We're we're not battling yet it's not. It's not a battle of US keeping in my mouth. Both we both agree. We like to see Ashley. We consider that sort of a prerequisite for doing this for a living. We encourage all of our young associates to pursue the CFP designation. We think it's a solid so let me move to where it's not questionable because look I poke fun at bow but this is actually legit in. I'm proud of him for having this kind of bullied him into doing it so the next one is chartered financial analysts. And here's what it says about charter. Financial analysts quote the prestigious investing credential of chartered chartered financial analysts. CFA is issued by the internationally recognised CFA institute the CFO is especially important in the areas of investment research and portfolio uh-huh management similar to the CFP their rigorous educational experience and examination requirements. For the IT continues a little for this apart. You we go lights and is it continued quote to become a regular member of the institute. You will need to hold a bachelor's degree from a credited institution or have equivalent education Asian or work experience according to the institute website. Older must also have forty eight months of related professional work experience and investment related field. That's almost almost ten thousand hours another year. The most challenging aspect of attaining the certification are the three required examinations each or six hours and must be taken over several years examination tests topics from these disciplines accounting economics ethics finance and Mathematics Matic's it's a deep die for investment nerds that that's what I would say. The deep dive investment nurse okay. I don't want you don't want your head to swell up too much. That test is is legit because there are three test and the pass rates on each of them the highest is like is it. Do they even make fifty percent. I think level three fifty one percent percent once you made it past the first so that people every test has around a fifty percent pass rate but as you go deeper so imagine you may get through the first cut. Can you pass the CFA one exam fifty percent or somewhere around thirty thirty in level one thirties forties and fifties around that so only thirty percents. Impasse okay so my exams so then you get to exam to made it through the first cut and then you get to exam to only forty forty something percent of the people who pass the first and then you get to the last one and it's fifty percent of everybody who passed one into and we know the people who pass to and this gave up after the third one. They're like I can't do this anymore. And that's I do want to give credit. Because he passed all through on his I I try and when he passed it the last one three a week before his wedding so Kudos take us but I want to give credit where credit's due because we could just stop there and talk about about how wonderful my designations are which great but I was surprised and I'm happy. You did this because I thought it was cherry picking and when I went to check your research. It was not cherry-picking there was a third designation that it was listed that designation was indeed the personal financial specialist and this is what it says. The personal financial specialist is credential by the highly regarded American Institute Certified Public Accountants this profession professional designation this it.

CFP fiduciary CFA Certified Financial Planner Bo FDA Pedia American Institute Mathematics Matic US Ashley advisor CFO
"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

09:25 min | 1 year ago

"financial advisor" Discussed on The Money Guy Show

"It's Brian Preston. The money guy. This is so wonderful because obviously it is no secret. The entire world knows our day job. What we do is we actually are financial advisers and one of the the things I think the world I like the entire world because we're we're worldwide now? A lot of people mourns theory class. I have no idea who we are. Well check out the money the coaches do but not everybody in the world to actually like prospect. All through microstate classes like. I'll tell them okay if you want to know the truth before Gym Class Starts I the answer. Youtube comments perfect. So that's why I don't talk to anybody I answered. It's all your fault everybody out there your fault that. I'm not being socialist because I'm answering Youtube comments. I think what's it's really interesting is the lot of folks because the show reach out to us and say. Hey I want to work with you guys. I'm looking to work with your Yada. Yada Yada Yada and I think a lot of folks folks are really surprised when we answer and say hey thank you so much. That's incredibly wonderful. But it might not make sense for you to work with an advisor just yet. We're not one of the things that everybody everybody needs a financial adviser and so one of the things we WANNA help kind of walk through today is wind as an adviser make sense. Why does an adviser make sense? How do you pick an adviser? And what are the things that you you need to know. And what to expect. I mean success is when you know what you're going to get and you don't have expectations that aren't met so this'll be good now. It's going to feel this is something this is what we don't do these shows like I thought. I thought we did this show like last week and then I looked and it's been years probably a gun this show. Oh so definitely needs to be touched. And I think the reason we've been scared to touch on. This is because it does seem like one of those things. I've always been very hesitant to look like infomercials or sales jobs. But this is an education platform in the best customer or consumer you can have is an educated customers so this ties right into our platform of the abundance cycle in just learn apply grow and just give it away. So let's jump right in this thing. Let's first talk about an overview of the world of financial advisers. Yeah Yeah so we actually went and looked at the numbers and we were kind of surprised because it looks like right. Now there are two hundred seventy one thousand seven hundred financial advisors is. There's in the US and this is all this data we're compiling from the Bureau Viper statistics the CFP. That number. When I was actually surprised by down two hundred employ employ at two hundred financial advisors since we did this like two two and a half years ago so I wonder if that's folks retiring I wonder if that's mergers? I wonder what the thing is. It's causing down but it wasn't. It could be a rounding error in the way they two hundred people so we have two hundred seventy one thousand. Almost two hundred seventy two thousand financial advisers out there well of that eighty six thousand three hundred seventy eight of those are CFP professional certified financial planners. We'll talk a second about what that is and why it matters but for right now we just didn't has the prerequisite that's kind of the baseline if you WANNA be a financial adviser and then we also thought was interesting. Is One of the things the terms that we're gonNA talk about is how advisors I get paid about one point four percent or only thirty seven hundred of those two hundred. Seventy two thousand advisers are fee only advisors. That's that's us. We're the Unicorn that's right. That's what explain it when I talk to college. Capstone classes and others. We say we're the UNICORNS. You know this is. This is where a little unique. And that's what it's probably if we're going to explain that we're the UNICORNS. Only thirty. Seven hundred feeling advisors. You're probably wondering because look you realize very quickly and I know this is not. They're not not inclusive of all the numbers here but it's still a pretty good point that only a third of people have gone out and got the professional certification. I mean when you work with a public accountant. Count you kind of assume that you're there on the road to getting their CPA licence somehow financial. Planning it doesn't work that way because you can see the lion's Ryan share causes seventy percent people in and that's the thing I've always hated about this industry. Anybody can call themselves a financial planner. You can basically go hang a shingle single outside your front door and say open for business. What do I need to do so? Let's kind of go a little deeper. So people know what the requirements are what the standards birds are and what the education kind of things that you ought to look for so we think inside the financial planning world. There are three distinct business models that you ought to know about and kind of the thing that differentiates differentiates visor advisors. At least for the most part it's kind of how they're compensated. That's a real easy way to see the difference between different types of advisors so Bo. Let's let's roll into these different different types. Because and here's the cool thing I come from a background where worked actually worked in two of these camps bow. You've worked in one of these camps so I think we've got all three covered yet so it was kind of jump into these so the very first one is the commission based business model very simple simply these advisers that are paid commissions for the products they sell so a lot of times. You see through this with loaded. Mutual funds or insurance companies. They sell you insurance policy. ABC or Mutual Fund Xyz and they receive a company commission from the company whose products they are selling. And so you just said something that just triggered something that I hear. People say people were told sometimes about people that are pushing products is. Don't worry sorry. This is actually free to you. I'm paid by the Insurance Company. I'm paid by the brokerage hot. It is a pet peeve. So I just want you to know. You realize realized the price of the product that they're selling does so there even though the insurance company's paying them you ultimately are bearing that cost or just know that that's that's a sales tactic it's a little sleight of hand. I don't want you to fall victim to that. Exactly right the second one so we have commission with the very next business. Model is the fee based business model. And so what this means. It's an adviser who sort of paid through a combination. This is a hybrid. They receive some portion in fees but they also do receive commissions as well when I worked on the before fee only I worked for a CPA firm that we were more of the fee based model. 'cause we sold life insurance. We also did financial planning and investment management. We did a Lotta rap accounts we dabbled in annuities. Really we wrap account advisers. And when I say wrap account it's the fact that we would go back commissioned mission mutual funds but we waived the commissions that the mutual fund companies would pay and then charge of an assets under management type fee. We'd still get some some trails and might have changed because I've been out of that game for two decades but at the time you waved a lot of the commission's but it did awhile you did kind of look like a feeling adviser advisor in the fact that you're getting paid under like assets under management or some retainer model but you still keep your right to go sell a life insurance product or something and get commissions and get paid so you're getting paid both commissions as well as some type of truck that's right and so then the third and this is the one that we alluded to. This is what we call the UNICORNS are the only essentially. The way of feeling the adviser gets paid is directly from the clients. They work with. There's no outside company or third party pain. Then they get paid directly from the client and generally speaking it's either through like an hourly early model or a retainer model or an assets under management type model and think about that because I think we have a lot of people to reach out if you're thinking about by the hour that means you. I'm having engagement that you think you just had a need. That's going to go away after the project's over retainer means you maybe you pay an annual fee it's the same fee and in essence senator management. That is the majority of your bigger firms are going to be A. Um which means that they do take a percentage of the assets that they're actually adding value or managing for you. That's exactly but even inside there. It's it gets a little more nuanced. What kind of talk about that in a second so the next thing? I'd like to to kind of because I wanNA keep this rolling. I don't want to overwhelm people but I WANNA make sure we keep it. Going is understanding the difference between financial planning standards because they are too big camps and I think the public is clueless on this. It was a big battle in Washington. And I I bet. We could walk down to the streets of Franklin Tennessee and not any of the ten people we I asked. What are you know about suitability rules and they'd be like I don't know what how about a fiduciary standard there but what's heard of and by the way I still have trouble spelling fiduciary so this is a legit issue? So it's one of those things that I think that the public is definitely a disconnect so we want to kind of open that up a little bit and so I thought it was beautiful. Brian is I think we ought to define both of them. So I'll kind of read the definitions but then I want you to share what they actually. Because I've heard you you do this ten thousand times and I think you do really well. So the suitability standard requires that a broker makes recommendations that are just suitable for the client situation. It doesn't necessarily have to be in their best interest. Just can't be grossly negligent because they're selling your product that's right so then we think about the fiduciary standard requires an adviser adviser put the clients best interests ahead of their own and they adhered to the ARA is forced by the SEC. So here's the illustration always give people on this and this is the the older I get the more sensitive. I've come to what I put my body and I what I eat because they just had to pay attention because I know that healthier eat the cleaner. I'm going to live in probably longer I live and that's it's all important well. It's kind of like that with money. You would think that you won't have the best things working for your long term success financially. Here's is the problem though suitability all. It means. It doesn't have to be in your best interest. It doesn't even have to be the best product you just have to fit into into the term of suitable. So here's here's the perfect analogy.

advisor UNICORNS Youtube Brian Preston fiduciary US Washington SEC Mutual Fund Xyz accountant Franklin Tennessee ABC senator ARA
"financial advisor" Discussed on The Money Guy Show

The Money Guy Show

03:16 min | 1 year ago

"financial advisor" Discussed on The Money Guy Show

"But that's why you're Y while you're in your twenties is you probably are going to have to cut. You have to make more money or you have to cut but there will come a time. If you do all this up you start stacking your army of dollar bills. Your money is going to start working for you so you get in your forties you go. What's The while and why can't do you this? Your your perspective might change a little bit. And that's what I'm saying. You will outgrow you automate. We talked about all those things and and then here's the other part. Is that if you do spend what your it's okay to spend what you're passionate about as long as you've got the basics cover exactly right and as long as you do the right way just our example on cars and that sort of thing if you spend well you'll set yourself success. Taiwan nation our thoughts on steering the Taiwan Nation of changed a little over the years. I still respect and I won't twenty and thirty year olds be tight. You know the whole. I'll give Dave Ramsey plug on live like no one else he can live like no one else later. It really is the concept of deferred gratification. Love it so let's talk about number two. We're picking on Brian Today. Those are always my favorite home equity line in in cash reserves. Guys I really had to chew on some leather on this one is because I was no different than a lot of you guys and Bo. You just told me the other day you you feel like clients right now are having this feeling about cash. I have clients all the time estimate. Hey I think we forget. The market was so good last year. The market's been so good for the last number of years we forget and we're like why are we holding this cash. Why do we have this anchor holding us down? I just don't need it. It's not serving any purpose and it makes me nervous when I start hearing that over and over so if you go listen to early money got shows. I'm just going to tell you what's out there and what you'll hear you'll hear me bragging about I. Don't Oh keep cash. No cash reserves. Why would you keep cash reserves? Because I had a debit card and I had a checkbook to a six figure home equity equity line that was prom monness a half and at the time because you know we've been in a very long period of low interest rates. It was practically free. I mean I will tell L. U.. The bank gave me this no cost home equity line on my house and we even had and I wanted to show you guys because I have the appraisal when we get into the home equity line check check this out you can see back in late two thousand six October two thousand six. My House back in Georgia was appraised at five hundred and ten one thousand dollars. I paid you know little below. Four hundred thousand was a great great real estate market. I mean it was a great market had no cash because because I had access to a home equity if I got an emergency I could always get the money. No big deal and you can see. The rest of. The story is in March. Fifth of twenty ten Dan. It might have been before that because this was actually wrote a wetter to wells. Fargo saying wait a minute. Why is that? They wrote me a clarifying. This is the response aunts letter. I got on March fifth. Clarifying me when I said how. Can you do this to me and take away. My Home Equity Line is because I did I got a letter from mm-hmm Wells Fargo saying you know. Look you. We don't think you have equity in your house anymore..

Fargo Taiwan Wells Fargo Dave Ramsey Brian Today L. U Georgia Dan
"financial advisor" Discussed on The Bitcoin Podcast

The Bitcoin Podcast

04:45 min | 1 year ago

"financial advisor" Discussed on The Bitcoin Podcast

"Everyone welcome to another big PODCAST interview today. We're joined by Morgan. Recharge he will. She's she's I said I wasn't gonNA do some dude. Anyway she's a financial guru No she's a she's a financial advisor. owns two businesses. This is involving Giving financial advice and You don't try away from crypto. which a lot of financial advisors hazards do so? I WanNa have you on the show so we can have a conversation about it. So welcome to the show Morgan. Thanks I'm excited to be here. I'd say there's there's two parts here One is like financial advisors tend to shy away from bitcoin and blockchain in anything else in the space and the opposite people like us will always always preface things by saying this is not financial advice. I think that's how I start every single show that you say that you should get out of the way anything in this is not financial advice. Vice Yeah so nothing. In this cash should be misconstrued to be investment advice is Typically how I start every money owner show and probably how you should start every single one of these if you're going to give any any kind of financial advice unreal. You should begin any advice. Oh I don't have advice side license to go do research. Yeah yeah that's a good. That's a good piece of advice. Invest I initiative and like. She don't what happens if we don't say that. So I feel like for you guys. It's probably not a big deal but One of my companies is a registered investment advisor. Zor and we have pretty strict rules about what we can and can't say regarding investments That said Bitcoin was considered to be not an investment so Technically anything I say about. BITCOIN isn't considered investment advice. having said that though I feel like it's it's my progress to make sure that people understand what we're talking about not in not just you know saying anything and everything to make somebody by something as typically what I consider to be an investment advice regardless of what the SEC considers to be an investment so this whole time cory we didn't even have to say at stagnant investment advice and it's more fun before nine invest more fun to say it because typically when you say that you immediately followed up up with what could be misconstrued as investment advice or even misconstrued. It'd probably just is but we're just saying it's not I'm curious about because you don't you don't get to talk to people I'd say is How is the clientele changed over the years? It must have been difficult early. Just just to try and get people to understand what this was and it's still longer difficult to get people to understand or listen to the word bitcoin to react to it. Because I know what it means but at imagine the clientele from Giving advice or letting them know where what part of their portfolio this should be potentially part of has changed over the years trying to talk to people. Yeah for sure so my financial planning practice is now five years old old so I guess when I started out my practice it was two thousand fourteen And bitcoin was definitely something that I knew about for quite some time. Just because I guess we'll just say that's off the Bat. My husband has a Shard we met in two thousand thirteen. He's been talking about it since before he met me so they claim it's kind of a household old name around for us at least though. It seemed very commonplace to me at the time when I was hearing about it but for sure people were not talking about it and was definitely not something something that will ever came up in conversation with clients I think that like family and friends who knew US would always ask me about stuff just because I was dating him at the time and now Mary to him So I I definitely I feel like as from that perspective. I heard more questions because of it as a result just because Oh your your you know your husband's the Bitcoin guy like what should I know about declining that kind of thing But over the last I guess it was the last bull market cycle in two thousand seventeen When when it hit twenty thousand or I'm not exactly sure what the price is? I don't I don't follow as closely. I think as most but when I really started here from clients like Oh this is is this a thing like is this something I need to be worried about as something that I should be considering in my portfolio and especially this past year so after a winter that bull market get cycle this past year people started to take note because of everything going on with the Fed and also would interest rates and things that trump is that about one eight lower interest rates and make the dollar more competitive additive abroad And I had a lot of clients come into my office asking about whether or not old was something that they should be. Considering and once the conversation started about goal we were actually able to very easily easily talk about things like bitcoin. beyonce's with me did..

advisor. Morgan Fed SEC Zor beyonce Bat Mary cory
"financial advisor" Discussed on Dentist Money

Dentist Money

13:27 min | 1 year ago

"financial advisor" Discussed on Dentist Money

"Your host restart bird here with my steel co host Sir Ryan Isaac before we get in anything it's actually part of the story here but today is I think it's international if not National Taco Day really yeah Happy National Taco Day the office is getting tacos today we're going for tacos since me and you just had last night for dinner and you probably had tacos for breakfast and I have appointments I can't make it okay and I wish them well well you know life goes so here's my question at lunch with the office in three years yeah you haven't actually supporting it emotionally financially mostly that's all we really need dad we need the money there's an emotional support you can be emotionally detached we just need your money I'm excited about this episode today Yeah Yeah it's it's this whole episode based on a question that we received we recently did a dinner event so we we do these dinner events around the country which little shoutout here a little little shot up for the events page if you want to come see us come to one of our dinners we do like QNA you'll see presentation go to dentist advisors Dot Com slash events and hold dinners anyway we had we had a question from one of these events was really cool that'll kind of guy the whole episode today and then there was a fun facebook back and four within a discussion group about this topic but first here's my question yeah it was that the golf event yes so this one was Salt Lake City but we've got coming to sitting near you yep we're like a good movie to see the dentist advisors dot com slash events pay it out just check it out so abiding National Taco Day here's my question for you because you you get tacos fairly often I get macos quite often what's the difference between like a ninety nine cent street TACO and like a four dollar Taco invaded Taco shop while the differences how they like do they actually care about Tortilla freshness do they care about the freshness because like dry do they allow like when you when you bend the Tortilla cracks down the middle and Underside Yep do they double it do they single it the double towards a for a double tort I don't think that people do a double rat because they want you expect you to eat at all I think it's just a way to hold together a fairly serious serious talk I prefer not eating that much corn same and so I usually remove remove the outside rep yeah but I think they're doing it there to kind of keep it together Mackay's double wrap what about other vegetables I mean it depends on the dressings like did he get like we were last night yeah favorite always yes it's like I got radishes read on Cilantro I've got all like multiple types of Pico I've got like just as Carney Assad straight talk oh well speaking of that I mean there's a difference between Carne Asada that was just grilled shredded and then like the cube stuff that was heated back up uh-huh no and I think the biggest under rated thing in food generally is how it was seasoned and you know a lot of you'll you'll know right away like they're this cases where you're just GONNA they're gonNA throw salt on that skirt steak shop it up and call it Carne Asada I mean there's cases where you're looking at like the family rub that has a dry rub and you're just like this is really this is two hundred year old secret two hundred year old powdery secret it is now on my own I think the condiments section like how how what have they done saucy got yeah yeah how many different varieties Tro toppings okay all right I mean onions are a big deal like do they have lake like are they cheat like super cheap like the paid can yellow onion are they the onion family it is there's a lot of options very diverse yeah that's the thing when you pay for a four dollar Taco you kind of like you're wondering how do we get the value out of this Taco ultimatum insisted quality of the meat okay drives drives everything meat quality like you can get some really cheap chicken beef and chicken yeah when you start venturing into the pork pasta or you go into like shrimp shrimp Taco last night by the way was the best one okay here's my point you're supposed to talk to yeah I hope everyone had a Taco today when finally listen what's the point of this food but I think there's a point well we are GONNA eat pretty soon here okay so I'm going to go right to the question this is a question that was asked at the dinner we had the other night which coincidentally I think was fajitas in which is the cousin to the Taco it's a a large cousin it's your very large adult to top golf Salt Lake City yeah he'd wagon just check out the events page let's this again in in your city okay so the question was how do you plan to help me make or save the money that paying you oh yeah that was the exact words that was the exact words that repeat it slower yeah how do you plan to help me make or save the money that I'm paying U K meaning as a client are you a pay some money every year like how do we get that money back so how do you get the value out before we go there here's one talk about is what is even happening a financial adviser relationship that's the first thing that you you mentioned this at the dinner I kind of skipped to like some of the tangible things that actually help people get money out of a relationship with the financial advisor but you you kinda backed up and you said well let's let's back up and slow down let's talk about what's happening what's the exchange of ours and services provided and how does that translate to a dollar per hour and how does that compare to from a premium firm to You know like maybe your life insurance agent or you know a general in a call center financial planning kind of things let's start there with like what's even happening between the scenes in this exchange value someone pays you X. amount of dollars per year financial visor and you do what for during the year yeah well and I think I think this goes to you we we really instead of saying because right now what's happening is people are like how much does your adviser charge one percent minds point nine point eight miles one point one five life lines eight point five and it's like Whoa Whoa all these percents comparing the percentages and we're like literally just compare pairing like this it's very arbitrary to compare these percentages and then say oh see mine's cheaper yeah therefore like an analogy that that'd be like doing that in life like Tacos can we go to Taco Day it's like Kay so I'm Caso it says that says meet like we all just were getting meat yeah yeah we're all getting meet right or we agreed to meet and a shell cool I paid for you paid one so option a lot of people are making in their questions like I I went and had this I had this exchange that was like I'm hoping he'll be willing to have an exchange of I mean the future because I think he's built an excellent blog white coat investor and I we had an exchange because a lot of the polite way of saying an argument exchange okay it was a heated no verbal or online chat it was like a civil but like he didn't want to spend very much I'm knowing the difference between a four dollar TACO and a one dollar Taco yeah our interaction was basically as follows some of his readers were interested in us and there would have been so nice synergy in having some kind of a partnership arrangement where Serena Isaac Played His mug maybe an ad on the side of the white coat investors blog for a little bit of traffic or maybe put on a white coat myself with a huge disclaimer like he has no right so we have this we have this interaction and basically it boils down to saying I like your Taco costs more and all of my people want the same taco which is it costs this much and if you can't make your Taco cost this much then lounge another cart we're GONNA continue these tacos sell because these ones are flying off the shelves these these ninety nine cent tacos are where it's at yeah and I said well do you they're not dying on puking on the street they're adjusted they're getting like fresh veggies fresh veggies then at least like it might not be organic beef because we're not that we're not there on it is thoughtfully raised vainly grass fed arrange cal I don't know but it's not organic man yeah I mean is it a premium product yes but like it's not premium for you to use another analogy it's like we're building a tractor that drives itself on the farm all right and the other option you're presenting is a plow Jim then there's the dentist can hitch himself to put on his shoulders and pull it okay like like wooden house here is and I just think it's really important if you're going to be sophisticated in all the decision making that you have in your life do not stop at price yeah let price indicate something to you why is my Taco four dollars in someone else's one dollar that should be the question you shouldn't say I'm looking for a one Talk Oh tell me why you're talk- does not one dollar you need to say why is your talk Oh four dollars yeah are you giving I just I would encourage people because I felt like this I was a little bit worried that the the founder of a financial blog that was educating a lot of medical professionals was using the lens of price as the primary driver behind conversation yeah no like zero interest in services in his mind if investment fees were over point whatever then they can't be or that's not financial planning and I think that it's interesting that even influential people will fall into this trap sometimes looking at price as the primary driver of everything yeah like what if like one attorney is two hundred dollars an hour versus one hundred dollars an hour yeah it could be someone gouging or could be because they're legitimately better fantasy deal with coupon clipping price shopping patients yeah right dude yes finish this well the the guy down the street does my crown for three price differences I said why I'd love to tell you why I think that there is a segment of the population that price will drive their decision making in their life it will yeah and that's okay yeah like the providers we need low cost providers Walmart's actually doing a big service to a lot of people there's a lot of people that are literally being able to feed their families because that allows them to be able to access certain products at a price point that just makes sense as for whether at and I think that's great you know they also you know serve some great products there so I'm trying to like pigeonholed into the low end of the market entirely but have like an organic section I thought something was expensive just because it was a luxury I feel like a lot of people think that might be the case with financial planning oh it's well it's people who can afford it it's a luxury service or like Oh yeah he can afford it because he's doing really well and really what's happening in argue it's much more pragmatic than that it's that there are certain things that have to be complete did in your life at a minimum level for you to be considered financially healthy financial health is.

Sir Ryan Isaac four dollar one dollar two hundred year four dollars one hundred dollars two hundred dollars one percent three years
"financial advisor" Discussed on Move or Improve

Move or Improve

06:44 min | 1 year ago

"financial advisor" Discussed on Move or Improve

"Should you look for in a financial adviser? And so if you need help from an expert investment advisor, this podcast is for you, and many times investors, aren't really sure what questions to ask. And I know when I was looking for a financial adviser. I did a lot of research. And I thought I would share with you all what I've found, and you may get the run around from your adviser, you may not get a direct answer. But as I said, I finished an exhaustive. Search for a new advice? I learned a lot. So I'm going to share my findings with you. So that you can maybe saved some time and hassle. See you want to answer these questions before you proceed? These are questions. You would ask yourself not the adviser. First of all are retiring soon, so maximizing retirement income requires smart decisions about complex topics like your 4._0._1._K or your IRA withdrawals. And what age did you be able to start talking about taking social security and second do you manage your own investments? So are you one of those ones who likes to come up on e-trade do that sort of thing? So if you do it might be a good idea to review, your strategy with third party expert, and there may be opportunities in your portfolio that you're overlooking that a an expert would know third saying to ask yourself is do you have children? So if you're helping them with college fund or trying to figure out how to leave some inheritance for them. There may be ways to ensure that your children, our grandchildren are taken care of. And that you have that you've either overlooked or you're unaware of you. Never know. What's out there for a question is maybe you than heritage some money from a parenting passed away or you win the lottery, the sudden increase in wealth may be difficult to manage and you might want to check it out with a financial advisor who can help you. Of course, if you do win the lottery and win a million dollars. Sophie, all over you trying to get your. For your information and your money, but the fifth one is do you already has a financial advisor. So depending on how you chose your adviser may have been a few years ago. There may be a better one out there for you who can meet your needs. At the point. You are now in your investments, maybe time to move to another level of investment opportunity that will increase your terminal come are you getting a divorce? Well, untangling finances than a divorce can be messy arguments can arise. So getting impartial advice is very helpful and very necessary. And last a do you want to increase your retirement bottom line start early to evaluate and reviewed interment accounts and that can add thousands to your nest egg.

advisor fiduciary Sheree Debbie Miller e-trade Bernie Madoff FINRA fraud Sophie congress million dollars
"financial advisor" Discussed on Chris Hogan's Retire Inspired

Chris Hogan's Retire Inspired

01:58 min | 2 years ago

"financial advisor" Discussed on Chris Hogan's Retire Inspired

"You've heard me say before that the key to investing success is to get a financial adviser someone to walk alongside you to help you hit your goals studies show people with some kind of retirement plan have more than three times as much in their nest egg than those with no planet all and savers who take it a step further by working with an investing in advisor to put their plan on paper and in writing their average nest egg was a whopping four times bigger than non planners i know what you're thinking how can you be sure you're working with a financial adviser that is the right one that individual that has the heart of a teacher well when you're choosing a financial adviser for the first time you ought to ask really three main questions the first question is what type of experience do you have you see you want someone who has seen the ups and downs of the stock market the second question i want to ask is how are you paid i mean listen let's get down to brass tacks i mean they should be willing to explain all the fees and expenses connected with it investments that they recommend or that they manage and then the third important question to ask is what's your overall investing philosophy you say i wanna talk to someone that understands and believes in investing for the long term the importance of diversifying investments and someone that can help me choose mutual funds that have a proven history of success now if you are on the treadmill or your ride your bike or maybe even driving right now and you're listening to me you may want to have those questions written down well listen i've got a pedia for you all you have to do is text qa that's the letters q a two three three seven eight nine again that's cute eight two three three seven eight nine now listen when it comes to investing people feel intimidated right they feel nervous about talk.

advisor