17 Burst results for "Mr. Damon King"

"mr. damon king" Discussed on KTOK

KTOK

03:03 min | Last week

"mr. damon king" Discussed on KTOK

"All about the money. I am your host. They call me the financial diva in the studio with me, As always, is Mr Damon King. See FP And did you not hear the little General Reno? It's like waking up one day he needed a little pit. He's the chapel Would I don't call in the mascot because that's far below his station. He's the director of security. He's the director of public relations. That's right, Good boy. Anytime someone comes to the door, he lets us know either By running down the hall, you hear the jingle jangle or sometimes a bar catching? Yeah, like as this tail wags. He's barking is loud, little bark, But he's saying I'm saying hello. Okay, So if you just joined us, Thank you for joining us. We so appreciate you listening the end. This is a time that we're talking this year because of the beginning of the year why It's so important to hire financial advisor and having the right financial advisor. In the last segment, Damon we were talking about, you know, strategies and compatibility. You know, some advisers and firms are focused entirely on the aggressive strategies like we talked about beating the market. It is not who we are. Because our clients have already gathered and you know, we want to protect our assets and we wanna have income plants. You know, there's others that are focused on helping you to not run out of money in retirement. That's an income plan. That's us. They're also not advise all advisers that believe in using fixed and indexed annuities for the protection part of your portfolio. You know, they just don't believe that That's the appropriate way. Well, there's so few ways to protect your assets. You know, and it's gonna be a portion of your assets must be protected. And I'm never going to change on that. I did something for a little blogged called bulletproof being bulletproof. And I am bulletproof. I've been bulletproof for 20 plus years because I know protecting a part of your assets is critical to your peace of mind and that when the market goes down You don't take assets out of an account when it's down. You wait for it to recover. So you have so many options that you and I always think of it is pull. For whatever reason, I think of a pool table. And I think of, you know, being behind the eight ball. I wanna have a lot of options I wanna have but so colored balls. You want to be able to approach it from any angle, right? That's what you that's what you want. I want to have all kinds of balls that I can shoot in any kind of pocket. I want to study the table and I wanted to side You know which one and keep myself You know, from behind the eight ball, and I'm saying, that's why I tell clients all the time. We want to make sure you have options. I really love it when a client comes in, and and we're now in the, um Distribution state and I think of some particular clients right now that the husband wife come in, and I put a you know a grease board up and I put you know if the papers Lecture that chart. Thank you, and I'm drawing all these like it, So I know it's funny to see folks we've we've been. We've worked together so long now All she has to do is do hand movements. You can't see them here in the studio,.

Mr Damon King advisor director of public relations director of security
"mr. damon king" Discussed on KTOK

KTOK

05:07 min | Last month

"mr. damon king" Discussed on KTOK

"Name is Victoria Woods in the diva studio here with the king of finance himself, Mr Damon King. If you this your first time listening to us, our mission each and every week is really quite simple. We advise millionaires and aspiring millionaires how to overcome their fears and frustrations or challenges. And today we're gonna help you with your tax efficiency. One of my favorite subjects. Leave me It's a challenge. When you don't have any money. You don't worry about taxes. Truly. That's true. When you have money, you worry about taxes. It's a good problem to have. Okay. We keep getting told that it's a good problem to have. So I have a client that sent us a letter that says she's got $100,000. Tax bill. They want us to, Of course, have a second opinion on this. Well, when I call the accountant and I say, Oh, a client just sent me this letter. She's got this $100,000 tax bill. She only has four accounts. You know, out of all of her accounts, she goes. What's what's with this? I have all this Roth money. Why is it that I have this $100,000 tax Bill, Nye said. Of course I said, Well, what did your accountant tell you? She said, Well, we made a lot of money, and I said, Okay, when you earn a lot of money That is called a tax capital gains. You've got to pay it. Would you rather not make any much? I don't know. So when I call another text again, I say, Well, this is the problem. They want a second look, and he goes great. I said, what if you've got $100,000 tax problem? That's that's great. That means he goes. I don't even need to look at it. That means she made a lot of money. Right. So this is what we're talking about. Today. When you have no money, you have a lot of other worries. You know, paying your house mortgage, you know, feeding yourself in your kid's putting your kids through school when you accumulate money. Now the real problems start and that's all about tax efficiency. We've just got a few weeks left in 2020 and let's stop. And can I get a Amen Hallelujah! Praise the Lord. Hey, man. And the thing is, though time is running out, however, on the strategies that you have to lower your going out a little bit of time left in order to reduce Your tax liability for this year. Now there's others. You know there's gonna be other strategies that you'll have up until tax day in 2021. But right now we want to talk about the things that are really important and that we can do the end of the year. It's hard to lower your tax bill. Unless what, Damon, you know. Knowledge is what power Strategies available to you. You must know what they are. And we're going to give you a story of a client of ours. That again is smart. They've got an accountant that used for years. And she said Diamond, would you mind just giving us a second? Look, give us a second. Look, I want to be sure I do the same thing. I've had my accountant for years and I tell him flat out. I'm gonna go get in the second opinion, a second fresh eyes. I've done this twice. Over the years. I said Can I just want to make sure we're doing everything we can So as we like to say around here, too, though, the tax code take it and it does give it so let's talk about how it give it so you could build your tax. Fortress. We need to build a fortress around our money. We want to talk about number one. The steps you can take now to lower your taxes on your investment accounts because there's many different areas, So we're gonna talk about board today. That's one Then how to take in the thing about this is if you're driving in your car, you can always go into Facebook and write these things down and talk to your tax accountant about it. If you have a cat, an accountant, you pay them get their advice. And sometimes I just put numbers in and they somebody told me Thursday night or Wednesday night. Think it was Victoria. I just give my tax accountant telling what to deduct. And he just does What I tell him that I go. Okay, well, that could get you in trouble. Okay? I hope that works for you. The second thing is how to take advantage of lower tax rates were enjoying right now because we have the lowest tech right tax race we have in history. Two. Are three is two key tax traps that we want to avoid. We don't use the word avoidance or avoid a lot of times When we talk about tax traps you wanna avoid these. It's like a minefield out there. People you want to avoid. Landmines. Now there's also You know, we got another story clients coming in this this past week about charitable giving. And what you conduce some ideas that a lot of people don't talk about. We do a lot here because our clients Like attracts like, and they're very charitable people. And so we're gonna give you some ideas, something things you could do, because now whether it's your church, whether it's infants in crisis, whether it's allied arts, whether it's the food bank, whoever it is, and you really want to help. It'll help us. Well,.

accountant Mr Damon King Diamond Victoria Woods Facebook Nye Victoria
"mr. damon king" Discussed on KTOK

KTOK

06:22 min | 3 months ago

"mr. damon king" Discussed on KTOK

"Of your house. They call me the financial diva. I'm joined today, as always by my co host, Mr Damon King. He's a CF professional and wealth management specialist right here at Chapel it. If you're just joining us, we're sharing some of the key retirement planning deadline's coming up at the end of 2020. It's important and imperative that you know these things. What we're going to talk about next isn't so much a deadline is an update on information that is always released in the fourth quarter. That's about Social Security changes. For the next year. So Damon let's start off with one of those key critical changes. And there is it more important for people planning, self security or people who already receiving, so says it's going to be both. Jerry, You want to be both? He didn't say it depends. I didn't say it depends in this case. It's both. Okay. So coarse. These all come courtesy of our friends at the Social Security Administration. You can always go to S s a dot Everybody wants to get a full rundown on what? You think It's fun If you do, you're crazy, But you're just not just tell us because that's pain. All right, fine. If you don't want to go to the website, dig three pages by yourself better so it has been officially announced. There is going Be a cost of living adjustment for everyone on Social Security, So you're already receiving benefits. In 2021. You are going to see your monthly check Go up by 1.3% a 1.3% that averages out to about $20 extra per month. Now this is impacting anybody that is still working. This is the next change so You know there is your income is taxed so your salary that you were at work, Your income is taxed. For purposes of funding, Social Security and Medicare. It's called a payroll tax that Faik a charge that you see there. Well, there's only a certain amount of your income that is taxed for social Security purposes. Now in 2020, the 1st $137,700 you earned Is taxable for Social Security. For next year. That amount is going up. So if you're a high income earner, just know that Maura your income is going to be subjected to Social Security tax. It's going up to $142,800 and what that is, is you pay a payroll tax of 6.2% on your income. Your employer pays the other half. If you're self employed, you get to pay all 12.4% of it, but that's neither here Nor there. The point is the amount of income that you earn that could be taxed for funding. Social Security is going up next year. And then for those of you who are turning 62 in 2021, u are becoming first eligible to enroll or to apply for Social Security benefits. That means you were born in 1959. Your full retirement age is 62 10 months? Why is that important? Because if you apply it 62 You're going to take a reduction in your benefit, and you might think. Well, I'm simply I'm applying four years early because my full retirement age is 66. No, it is 66 10 months so that if you apply when you're 62, you're not applying four years early, you're applying four years and 10 months early. That's almost a full year extra. And those 10 months helped to further reduce your benefit. So just understand what your full retirement age is for planning purposes? Well, Damon, the other thing is the maximum out that you can earn each month is increasing from 3000 and $11 to 3148. This is spiced on reaching the wage cap for at least 35 years and climbing at full retirement age. Yeah, because your Social Security benefit Is based on your I had a question just this week from a client who said now, you know, isn't this based on? You know how much tax you pay and everything? No, it's based on your 35 highest years of income. And if over that period of time you met, you maxed out the amount of income that is taxed. Then chances are you are goingto have the highest possible benefit when you claim At full retirement age at full retirement age. That's that's critical when you put that all caviar on the road because full retirement age, you know you're and if you see that in writing, it's going to be f A R B Go. What does that mean? Well, it's your full retirement age. Early in a quarter of coverage will be a little harder. You can earn up to four quarters each year, and you need 40 to be fully covered, as you just talked about under self security not based on time. And you just said it. It's based on the dollars. I mean, and it's every for every $1410 earned getyou a quarter. It's like getting banking credits or spun right. That's kind of like what it is like a credit right? It's like a credit. So any other key change is for people who are younger. In full retirement age and claim so security there Matt, you can earn before being subject to the earnings test is moving from $18,240 to 18,960. I still think that's a little low, but they don't ask me for my people. I would eliminate all of this. What? Well, it would certainly make things simpler. Not and look all of these things that we just discussed about Social security. I teach this in my class. I don't know. But why the way David, This is my thing. I just want to tell you what I want to accomplish. And you just tell me how to do it. Okay, Well, then we can do that, too. Thank you Could do that time on. And you know, I was meeting with it with our client, Becky this past weekend way were going over tire? Yeah, congratulations. He's going to retire this next year, and this is exactly the kind of stuff we were talking about. In addition to her investments in her income plan, she had questions about. Well should I take Social Security and I showed her Well, we actually and your plan We have you claiming Social Security at your full retirement age, which for her? He is 66 4 months. Okay, So we talked about that We talked about her Medicare options. Okay? And we'll talk about Medicare here in just a little. Actually, We already talked about Medicare. So I don't even know what I'm doing on the show. So those are all examples of things we cover in the class..

Social Security Administration Mr Damon King Medicare Chapel self employed Jerry Faik Maura Matt Becky David
"mr. damon king" Discussed on KTOK

KTOK

07:55 min | 3 months ago

"mr. damon king" Discussed on KTOK

"By my co host, Mr Damon King. He's a CF professional and wealth management specialist right here at Chapel it. If you're just joining us, we're sharing some of the key retirement planning deadline's coming up at the end of 2020. It's important and imperative that you know these things. What we're going to talk about. Next isn't so much a deadline as an update on information that is always released in the fourth quarter. That's about Social Security changes. For the next year. So Damon, let's start off with what those key critical changes and there is it more important for people planning, self security or people who already receiving, so says it's gonna be both. Jerry, You want to be both? He didn't say it depends if I didn't say it depends in this case. It's both. Okay, so coarse. These all come courtesy of our friends at the Social Security Administration. You can always go to S s a dot Everybody wants to get a full rundown just gets fun. You do? You're crazy, but you're just not just tell us Because that's paint. All right, fine. If you don't want to go to the website, dig three pages by yourself, So it has been officially announced. There is going to be a cost of living adjustment for everyone on Social Security, so you're already receiving benefits. In 2021. You are going to see your monthly check Go up by 1.3% a 1.3% that averages out to about $20 extra per month. Now this is impacting anybody that is still working. This is the next change so You know there is your income is taxed so your salary that you were at work, Your income is taxed. For purposes of funding, Social Security and Medicare. It's called a payroll tax that Faik a charge that you see there. Well, there's only a certain amount of your income that is taxed for social Security purposes. Now in 2020, the 1st $137,700 you earned Is taxable for Social Security. For next year. That amount is going up. So if you're a high income earner, just know that Maura your income is going to be subjected to Social Security tax. It's going up to $142,800 and what that is, is you pay a payroll tax of 6.2% on your income. Your employer pays the other half. If you're self employed, you get to pay all 12.4% of it, but that's neither here Nor there. The point is the amount of income that you earn that could be taxed for funding. Social Security is going up next year. And then for those of you who are turning 62 in 2021, u are becoming first eligible to enroll or to apply for Social Security benefits. That means you were born in 1959 your full retirement age. Is 62 10 months. Why is that important? Because if you apply it 62 You're going to take a reduction in your benefit, and you might think. Well, I'm simply I'm applying four years early because my full retirement age is 66. No, it is 66 10 months so that if you apply when you're 62, you're not applying four years early, you're applying four years and 10 months early. That's almost a full year extra. And those 10 months helped to further reduce your benefit, so just understand what your full retirement age is for planning purposes. Well, Damon. The other thing is the maximum amount that you can earn each month is increasing from 3000 and $11 to 3148. This is based on reaching the wage cap for at least 35 years and claiming at full retirement age. Yeah, because your social Security benefit is based on your thought. I had a question just this week from a client who said now You know? Isn't this based on? You know how much tax you pay and everything? No, it's based on your 35 highest years of income. And if over that period of time you met, you maxed out the amount of income that is taxed. Then chances are you are goingto have the highest possible benefit when you claim at full retirement age at full retirement age, That's that's critical When you put that all caviar on the road because full retirement age, you know you're and if you see that in writing, it's going to be f A R B Go. What does that mean? Well, it's your full retirement age. Not earning a quarter of coverage will be a little harder. You can earn up to four quarters each year, and you need 40 to be fully covered, as you just talked about under self security not based on time. And you just said it. It's based on the dollars. I mean, and it's every for every $1410 earn getyou a quarter. It's like getting banking credit scores right. That's kind of like what it is. It's like a credit right. It's like a credit. So any other key change is for people who are younger. In full retirement age and claim so security there Matt, you can earn before being subject to the earnings test is moving from $18,240 to 18,960. I still think that's a little low, but they don't ask me for my people. I would eliminate all of this. What? Well, it would certainly make things simpler. Not and look all of these things that we just discussed about Social security. I teach this in my class. I don't know. But why the way David, This is my thing. I just want to tell you what I want to accomplish. And you just tell me how to do it. Okay, Well, then we can do that, too. Thank you could do that on and you know, I was meeting with it with our client, Becky this past weekend way were going over tire? Yeah, congratulations. He's going to retire this next year, and this is exactly the kind of stuff we were talking about. In addition to her investments in her income plan, she had questions about. Well should I take Social Security and I showed her Well, we actually and your plan We have you claiming Social Security at your full retirement age, which for her? He is 66 4 months. Okay, So we talked about that We talked about her Medicare options. Okay? And we'll talk about Medicare here in just a little. Actually, We already talked about it again. So I don't even know what I'm doing on the show. So those are all examples of things we cover in the class. But hey, listen, if you want to by pass the class It's a great class, but if you just like, Look, man, I just wanna help. Now Then give us a call at 4053480909 the easy button and go to the class the classes, you and you sit here and listen to this on the radio show. And you know you're you're just listing these different Changes benefits and it's difficult. That's why we start with what is your purpose on just like when someone comes in. Do you want to grow your money? Is that most important or do you want to protect it? That's the first question then. Okay, how much of this these assets do you want to protect? Because you have to to know that And then you have to split it all up now, days and you have to split it up between your cash your guarantee of principle, you know, And that means, you know, wherever that guarantee a principle is and should be in a fix indexed annuity, and then Your short term long term money. You can't just lump all your money together the way they used to do it and and unfortunately, I still see people come in that have advisors when they want us to give us a second opinion or just give me a review because My gut tells me like this client last week who Just and they're very involved. But they said there's just something not right only did the analysis. They had over five different accounts, and they had overlapping. Overlapping in five different mutual funds. Some were in two of their account. Somewhere in four There was one big one, and it was in five different because he got retirement accounts his and hers. You got Roth accounts..

Social Security Administration Mr Damon King Chapel Medicare Jerry self employed Faik Maura Roth Matt Becky David
"mr. damon king" Discussed on KTOK

KTOK

02:41 min | 5 months ago

"mr. damon king" Discussed on KTOK

"To it's all about the money, Honey, I'm your host. Like homey. The financial Even my name is Victoria Woods. Live here in the studio with Mr Damon King King of Finance himself. He's also a CFT professional. And he is our professor. I guess I need to start wearing a tweed jacket with leather patches. The pipe? Yeah, Yeah. Pipe elbow, horn rimmed glasses. Yeah, maybe even a chain watch. You know the Oh yeah. The whole lot. Now he addresses so fancy. They always talk about Damon have fancy Damon dresses. Now. Our mission Every single week is simple. We advised millionaires and aspiring millionaires. You know really how to overcome their financial fears, frustrations? How to, you know, keep what they work so hard for because that can be a certain It's certainly a challenge, especially in today's times. So you could. Why so you can live your You know your retirement dream the dream of your life, not somebody else's. So if you've just joined our show today we're sharing some of the best insights and information that we heard from a few of our top investment strategist this past week, So we selected four different money managers and strategist To have zoom meetings with our clients. So they were really very exclusive because we wanted to have a Q and a and we just felt it really important. They shared so much good information that we wanted to be sure that you know, it's like, why don't we do a show? Really? Just for our For our listeners are radio listeners and our podcast Subscribers. Why don't we go ahead and just share some of the common things that they shared with us last week now, Damon What did our well strategists say about the expectations for the rest of the year? Because we know it's going to be bumpy, But we know it's going to be volatile. Every election year is yes, but then throw in, You know the pandemic throw in shutting down the economy, Throw down, you know, throw in the you know, discourse we're having with police just all of these things. Can't just be one thing and then it and rising tensions with China. That's still with us. You just disappear. So yeah, we asked them all OK, We know what's happened. We talked about that. What do you think is going to happen Because that's the way we invest right? The economy in the market are totally different things. The economy measures what happened in the past. The market measures what we believe is going to happen in the future, and we invest based upon our hope or our despair about the future. And so when we asked about the outlook for the future, it was actually pretty positive from a lot of our from these strategist, But they all agreed in different ways that the recovery will take time. You mentioned it earlier..

Mr Damon King King Victoria Woods Honey China
"mr. damon king" Discussed on KTOK

KTOK

01:54 min | 1 year ago

"mr. damon king" Discussed on KTOK

"Back to it's all about the money. Honey? I am your host like the fucking so I'm here with Mr. Damon king finance himself. Thank you so much. All of our listeners Oliver place for making this. They number one financial show right here every single weekend. If you're just joining us, we've been talking about protecting yourself, I have to day before we get into this. I happy. Shoutout because this is a really big deal, the dead center, film festival is kicking off in a couple of weeks for the kickoff. The real kale is this at night. And I invite it if the governor's mansion because we are honoring I'm gonna get all Terry. I hear miss Alison Nike shea. I met her twenty probably six years ago. Maybe twenty is long time. We've been friends, and she produced a commercial I sell, and I was mortified though. And this. What they let this person wear, because I really admire this person. So I'm not going to I can still see today and I was mortified with they allowed him to wear. So I got hold of her I needed to let her know how I felt about this, and she said, oh, he loved that sweater. And he wanted to wear it and I said, okay, well, then I'm gonna blame you ended up hiring her to do a commercial for us. When I started the victoriously price it except for guidance and she did our commercial. We had so much fun, we became friends, but I took her to lunch and she told me she wasn't going to do it will by the end of lunch. So this is her favorite story, if he wants to do something say your time your energy because you're gonna do. So just give in because she has made it for mind ice that you're the best person, the person, I want to do it. We had some friends everything, and she is winning are being honored as the Bill decimals the icon, the Oklahoma film festival icon,.

Mr. Damon Alison Nike Oklahoma Terry six years
"mr. damon king" Discussed on KTOK

KTOK

02:29 min | 1 year ago

"mr. damon king" Discussed on KTOK

"Me today as Mr. Damon king as always I loved Damon at the top of the show, we talking about our Kentucky Derby Suare, you can tell we are excited about it. We talk about it every week for the last three weeks. If you have not gotten your reservation, you are missing the event of the year. I feel so bad for you. It is next Friday may third from eleven thirty two right here at chapel with downs. Yes, we're turning chapel with financial into chapel way dance. Of course, we'll have meant to live says, you know, we're gonna have big hats, dozens of lovely lovely ladies. The real reason we're doing this to support our charitable partner allied arts allied arts, they support forty nonprofit art agencies. So we get to dress up. We get to have a girly lunch. We get to have handsome, man service. We get to have a third. Bred horse and jockey out here to tell us how to bet on the derby. My goodness gracious. We have raffle out of it's just a win win win win for everybody. And some really cool. Silent auction are silent silent auction travel packages. We're talking about three, I know Fiji. I've been to Fiji telling you. It's a great one. You really save your is just kind of glisten this Anoma package. It's going to be a really cool New York Broadway package tickets Broadway show that one I know I'm in on that one. Now, we've also got diamond passes to the dead center film festival right here in Oklahoma. See that whole week VM. Absolutely. It's just incredible. But you gotta RSVP need to RSVP today. Call up a girlfriend site. Let's get us a hat, and guess what? Even if you don't have a hat. If it's your first time, we do actually have ladies that bring extra heads that. They've worn. So if you don't have a hat, sweat it just get dressed up. Come and and we share hats and fascinates red black pink Brown. It's amazing. It's a lot of fun. It's a lot of fun. We have a plethora of that. So. Now, if you're just joining us today show is all about digging deeper, and what the media has done to us. Yes. The media can scare you to death. We all know it. We all know. Thank goodness. I'm sorry. But thank goodness at Trump really came out into let everybody know this is fake news. It's not just him saying it when people start digging deep they find out. It's like, oh my gosh. The media has been lying to me. So now, unfortunately, Walter Cronkite has been gone a long time. So that's who you could truly trust. But nowadays, not so.

Mr. Damon king Trump allied arts allied arts Fiji Walter Cronkite Oklahoma New York partner three weeks
"mr. damon king" Discussed on KTOK

KTOK

04:16 min | 2 years ago

"mr. damon king" Discussed on KTOK

"I'm joined today as always by my co co-host, Mr. Damon king. Now, we have these financial enrichment events that we participate in our provide all the time number one. We always want to keep dislike the radio show. We wanna keep everybody informed. Like, we just discussed this snow cash account this cash advantage account. It's a benefit to people. We wanna make sure everybody knows about it. If it's something that is good for you or somebody. You know, please share it with them. Give us a call Koro five three four eight oh nine nine, and we'll be happy to get that information out to you now Damon. We do have some financial enrichment classes that you're gonna teach coming up March fourteenth Damon's, most popular class surviving thirty years of unemployment is from one thirty to three thirty. It's at Francis Tuttle. We wanna make sure that everybody. He knows about it. There's only spicy slept very very popular class. He also has one coming up April eleventh same class surviving thirty years. Like, I said most popular that will be in the evening for those of you that cannot make a daytime six to eight at middle technology center. Then April twenty third we have another popular class. This is my favorite disinheriting Uncle Sam, did I just love disinheriting, Uncle Sam, your favorite uncle who wants all your money. Six to eight. And that's that'll be at Francis. Huddle is up as well. Damon that one sold out. Well, it was here's the thing. It was sold out. But I have worked out a deal with Francis. Tuttle that we've actually added some more seats good that. So there are more seats, but a bigger room rats, right? So they are they do go quickly. And and you know, it doesn't surprise me. This is right after tax day. People are just paid their taxes are filed their tax return. So that they can I don't wanna do this again. I look at Nick, how can I how can I get prepared tax wise? So yeah, I've got some great classes coming down here this spring, teaching some more classes out that are going to be for the profession. Yes. We've got I've got some private classes coming up. So these aren't you know, here's the things that I have these public classes that you can enroll in. But for example, I'm going to be teaching it Oklahoma medical research foundation coming up in April. They called me and they want a Brown bag financial enrichment class. So if you've got a business, and you you wanna come out, you got some employees, and you want to pass along some great information at that class. I'm going to be. Teaching lifestyles of the rich, but not so famous. It's what are some of the habits the key habits and lifestyle choices that millionaires make to get to be a millionaire, and it has nothing to do with what you know about money. It's simple lifestyle choices anyone can make find all of these on our website direct because there's so many of them will. And and we're going to be adding some new ones you go this week. And because you're also going to be speaking at some events coming up here. So we want to tell you all about the Oklahoma state university women's business leadership conference. It's called breaking barriers. But it's the women's business leadership is going to be up in Tulsa on Wednesday, March the six in Victoria. You are one of the guest speakers. Yes. After that event so excited about it on the keynote speaker, I'm very excited. Yeah. Very big deal. This is huge. Go to our website check that out and you can click the link and go, and you can register for that conference. If you wanna see the financial diva live, then coming last me any question you want, and I'm gonna open it up live. There we go. I love that park. Dislike I'll share that this important information. But then I open it up live. So that you can ask any like having Victoria's book there, and if her book could talk you get to talk to her book, except you're talking to the person who wrote the book. So there you go. There you go and then on Thursday, April the eighteenth. We are going to be participating in the women and leadership conference which is sponsored by the minder school of business at Oklahoma City university that's going to be at the Cox convention center. And the theme for that then is pivot how do you pivot from good to great and it's not easy to events ordinary ordinary to extremes. Right. Love that. And these are events that are geared towards women men. You're certainly invited to attend to. Oh, yeah. This is a great opportunity. Another one for four to six hundred fifty less. Sheeran in OSU. They usually have about four hundred and fifty s so it it may still be January folks are are springtime is is rock idol on. These events. So again for more.

Mr. Damon king Francis OSU Francis Tuttle Victoria Tuttle Koro Oklahoma City university middle technology center Oklahoma Tulsa Nick Cox convention center Sheeran thirty years
"mr. damon king" Discussed on KTOK

KTOK

03:36 min | 2 years ago

"mr. damon king" Discussed on KTOK

"Joining me as always Mr. Damon king, Mr. Damon king is also a CFP a wealth management strategist. And he is as well an adjunct instructor. So if you want to get involved in some really important decision making you're getting ready to retire. I highly recommend you go into his website our website at chapel. Events that are coming up. You can see some classes that are coming up. If you're listening to this show. We know that you you are want to be a good store, and you're listening. You read books you're paying attention. So these classes are really critical for you. Well, if you're just joining us almost two thirds of Americans don't know, which investment still tap into into retirement. The vast majority Damon of Americans don't have a retirement game plan whatsoever. And you know, that truly is is I've said before and again, and again, a recipe for disaster dinner. I don't want to sit down to that's your recipe. I don't want to eat any of it because I'm not here's the thing. You wouldn't dream in Victoria mentioned this earlier, you wouldn't dream of running a marathon without undergoing months of training or going on even a big trip. You probably spend more time planning your trip dolls. You do sitting down thinking about thirty years of retirement. So if you would spend that kind of time on those smaller things when it comes to your retirement, you need to spend at least as much time because failure to plan can have devastating consequences chief among those running out of money, and you still have liked so surprising be no fun. Now. It's mentioned that running out of money and still children breath. Yeah. Ears. Until I'm safe up in heaven, and everybody's okay? Assuming I go to heaven hype. Sorry, God, I shouldn't. But. But it's apprising number people are just unprepared. And you don't wanna be among that half of retirees who wait to plan until the week before they retired. So here are seven critical steps that you should take the year before he retire and truth be told you really should be planning much further out the just a year at least three years minimum. But number one when you're eligible you want to sign up for Medicare. You don't wanna miss this? Now, you're eligible for Medicare at age sixty five that's everybody. And if you miss your window of eligibility to sign up if you're working. Yes. Even if you're working you still qualify that they have to wait. Yeah. You stood. Now, you can wait. If you're still working, there is an exception here. But in general, if you're sixty five you need to enroll in Medicare. Now, you have a seven month window three months before your birth month the month of your birthday and three months after in. Why don't we have to have all those rules? Sign up when you want to Justice the way it is. But if you don't if you miss this window harder. That's all if you miss this window, and you don't have other health insurance through your employer. You will be penalised how much well if you don't sign up for part B on time. It's ten percent penalty for every year that you delay a penalty that they will increase your premium for part d your prescription drug coverage. It's a one percent penalty. So let's say you wait five years. Okay. You're talking about fifty five percent and penalties. Just because you're didn't enroll at Donna. The one exception is if you are still working in you're covered by an employer health plan. You can qualify and what's special enrollment period, and you could lay it. But here recently, we've helped Bob we've helped Ivan get enrolled in Medicare, and you know, it's complicated..

Mr. Damon king Medicare Victoria Donna Bob Ivan three months fifty five percent thirty years one percent seven month ten percent three years five years
"mr. damon king" Discussed on KTOK

KTOK

01:54 min | 2 years ago

"mr. damon king" Discussed on KTOK

"Wood's. So happy to be here. Coming to you live from the diva studio with Mr. Damon king? If you're just joining us if you've missed our last show last weekend happy new year to you again, we are talking a lot about setting goals last week and how to open yourself up to new possibilities. But one thing that's not open. However, unfortunately, and you've heard about it again. And again, and you probably sick of it. I kind of am is federal government since December twenty second of two thousand eighteen a portion of the US federal government has been shut down that you should already know unless you've been living under a rock. Now, what you may not know is the effect the shutdown has on the stock market this we've been sharing with you many historical data lots of data about how it is affected. It, you know, the shutdowns that we've had in the past because we've had plenty. Now, we shared the government shutdown, and it's really how it's really affecting you our clients face the same obstacles every single day, and in this final segment, we're going to share four stories that highlight some of the most common issues, you will likely face in retirement or preparing for retirement, however, Damon, I would lie before we get into some clients stories, which some of these are, but what about other unique savings accounts. We were talking earlier in the last segment about the increase in 4._0._1._K contributions, which is a great benefit all of us. 4._0._1._K simple IRA's all of our retirement accounts. Roth accounts are all going up by at least five hundred dollars. So, you know, we talk about the HSA account. Those are what we call health savings in one thousand nine hundred seven congress when we set up the legislation they were actually medical savings accounts. And then we changed them. So it's the same thing. But we changed the name to health. Savings account. Yeah. And those contribution amounts are going up to there you.

Mr. Damon king US government Roth congress five hundred dollars twenty second
"mr. damon king" Discussed on KTOK

KTOK

02:50 min | 2 years ago

"mr. damon king" Discussed on KTOK

"Financial diva. My name is Victoria Wood's in the diva studio here was Mr. Damon king. They call him the king of finance. He's also wealth management specialist right here. At chapel would. Thank you so much for making us the number one financial show. There's so many of them out there. And we appreciate it tremendously. If you're just now joining us, we've been talking about some things, you know, and how some things changed in some things. Stay the same retirement planning has changed. Unbelievably in the last thirty years, even honestly Damon in the last since the financial crisis, but really you'll nineteen eighty s dramatic nine hundred ninety s dramatic, and then, you know, twenty twenty eight was big. So a lot of people really changed the way they invested or maybe improved the way they were investing. Now we operate as everyone knows in a global market. I remember the days on the radio when people would call me and ask me that what do you think about China? Well, I let China why roles. But everything is interconnected. Now the world is flat. If you didn't read the book, I'm sorry, you missed out. But the world is flat. One thing though, that hasn't changed or will ever change in. It is innate in all of us in. It is the fear of running out of money. So coming up, we're gonna reveal nine common ways to go broke in retirement. Maybe we're going to help you avoid that. If we tell you how people go broke, maybe you'll go. Okay. I don't wanna dad rather not do that. Let's do something different man. What are some of the most common ways that people actually go broke? Well, you know to your point earlier you said about the fear of running out of money while the most frequently reported retirement worry, according to a study by the TransAmerica center for retirement studies. It's the worry about outliving savings and retirement across all ages. Fifty one percent of respondents side of this concern and forty one percent of retirees claim the same fear. So, you know, a lot of people think well, you just go broke because he didn't save. Well, that's only one way, but we've got nine others that maybe you're not even thinking about and they're so simple. You're probably doing some of this right now. Number one, you abandon stocks the stock market even with all of its warts and growing out of the wards on their face and stuff like that. It's still the best place that we have found to get long-term growth that can both beat inflation and support an income plan over thirty years of time. So I mean, unless you're ninety five years old, I guess, and you feel like my final exam is just next week. So, you know, then you're never going to really outlive your need for the stock market in some way, because it's just too difficult to turn outpace inflation with a lot of the guaranteed sources of income on the flip side..

Mr. Damon king Victoria Wood China TransAmerica center thirty years Fifty one percent forty one percent ninety five years
"mr. damon king" Discussed on KTOK

KTOK

01:32 min | 2 years ago

"mr. damon king" Discussed on KTOK

"Welcome back to its all about the money. Honey, I'm your host. They call me the financial diva joining me as always the king of finance himself, Mr. Damon king. He is a professional wealth management specialists and an adjunct instructor Iraqi retirement financial in Richmond series or a year rocky retirement in Richmond series. If you have not signed up for one of those classes, you only have one or two left of this year. So get on the website at chapel dot com or call the beautiful Shelly at three four eight zero nine zero nine we had talked earlier in the show, and we're talking about 4._0._1._K's, and what's reasonable and fees. And I really wanna talk about that. I remember being in the when I was back in the studio down at Penn square and fifty Penn place and someone would call, and they always say, well, my so, and so is charging me one percent fee, and my CPA sink thinks that's really unreasonable. And I said really I said. We'll tell me what you're getting for those fees. And I'll never forget. I don't care if it's a man a woman and a man or woman it doesn't matter age. It didn't matter. They always said the same thing one percent. And my CPA thinks this is unreasonable. And I would say to them always asked the question will what services are you getting for that one percent because you're CPI could be right. Are your CPA could be crazy. If they haven't ask you, what are the services that you're receiving because if you're talking individual firms independent firms, there's so many different.

Mr. Damon king Penn square Richmond Shelly instructor 4._0._1._K one percent
"mr. damon king" Discussed on KTOK

KTOK

01:41 min | 2 years ago

"mr. damon king" Discussed on KTOK

"I'm your host. They call me the financial David. My name is Victoria Wood's. Now. Let me tell you. I'm in the studio here with Mr. Damon king. Yes. The Davis studio right here in Edmond, Oklahoma, at chapel would financial services now today, we're going to talk about something that we all know I love and that is travel. So no, not really really gonna talk about finance. But let's start off with travel. We all know I love to travel. If you ever get the opportunity, you really wanna go to Japan consider a visit to to Okinawa valley island Scotland island Damon, and it has got beautiful because it's an island. Of course is beautiful. It's got beautiful nature. It's got a fabulous culture. It has the highest concentration though, did, you know, this name of people who live over one hundred the highest concentration is on this one little island more so than any other place on planet earth, right? Residents tend to live much. Longer suffer fewer diseases and enjoy more years of good health than most other places in the entire world. Why would that be some of its nature Kanawha is, you know, has abundance of things like fish abundance a fish? It's an island. It has tonnes of fresh vegetables. And of course, we all know that eating healthy lifestyle is going to help you live. It's a good diet. Right. Some of it isn't nurture though, because the culture has developed in such a way that family is placed above all other concerns. Well, I guess if you lived on a beautiful island have all the fish and fresh vegetables, it would be it's easy to make family most important, but physical activity as well as just part of their life.

Victoria Wood Mr. Damon king Edmond Okinawa valley Japan Oklahoma Davis
"mr. damon king" Discussed on KTOK

KTOK

07:48 min | 2 years ago

"mr. damon king" Discussed on KTOK

"Welcome back to it's all about the money. Honey, I'm your host. They called me the financial data today, Mr. Damon king. They call him the king of finance CFP and wealth management specialist at chapel with financial services. So happy to have you here today, but we are talking about dark side the dark side of retirement the dark side of living in today's environment. And our last segment Damon, we were talking about the hackers and people still in your identity, and the millions and millions of people that have already been stolen. We just talked about equifax breach last year. Let's think about this one hundred forty five million credit profiles, you know. What's in credit profile, everything every account number? Every Loan Mortgage Car Loans. Yes. Paid them off. If you're a senior citizen, and you have no doubt whatsoever. If you are a pre retiree, and you have no debt, whatever the problem is is that people go out and actually not only their hacking, your tax return money in taking it right out of your mailbox. They are actually going out and they're getting mortgages on your home. Now, don't live at your home. You live in your home. They're just taking your money. Let's say you have a three hundred fifty thousand dollar home. They are taking that three hundred and fifty thousand dollars out. There are people that look for those who have recently died steal those identities. And then take their social security checks. They pretend like this person is still living. I mean, it's amazing. It's amazing. What goes on out there? And you it takes a really smart creative people to do this. You know, this is why have such a hard time every year with the continuing, education course, anti money laundering, because I don't know why somebody would spend so much of their energy and time washing money when you could just do something and use that imagine if those people took the that brainpower in that genius in to try to do cancer research. I mean, we could probably have cancer cured in fifty years. If all these brains would get together good. But exactly it just amazing. I it's I don't know why they if they think it's amusing they think it's a challenge. Whatever it is. We'll hackers. We know do they think it's a challenge is a competition who can hack the most account, but beware of your emails as well or phone calls claiming to be from the IRS. Now, we all know about these stories people calling and claiming the IRS is going to legally come in and take your home. If you don't send them money right now. A first of all they're never gonna do this and second of all do not ever ever open up an Email if it has the word spammy in front of it are spam in front of it or detection in front of it. Or if it is to you from you. Now, this is how this is the newest technique. You will get an Email from yourself. To you. If you did not send your yourself, an Email do not open it because in in sometimes if you just open it, but they're gonna threat, and they just happened to me recently, and it happened again literally this morning before I did this show. I saw another one another investment advisor said, Victoria. I've gotten one to calm down. You know, this is you know, it happens. But it's there really fishing. If you open the link that they send you when they scare you to death to say, your identity has been hacked, and you know, this because I just got into your Email and here it is. And here's your password. Well, I can tell you typically you change your passwords, anyway, you should if you don't if that is your password if you can see it without opening and that password was there, it was a true password on mine, but it was probably six seven years ago. So they were able to get in and see that old password. Hackers are good just be very careful in what you open if you. You don't know the person sending it to you. Or if it's to you from you. That's that's the first key. That's a big red flag. That's a big red flag. But typically these messages, just, you know, they threaten me with some kind of a legal thing, or exposing you tell you that like with mine, it was telling that I've seen what you've looked at online, and blah, blah, blah, scaring you and you're going on and look at that trash on what are you talking about? But it scares you enough and it says since seven hundred fifty dollars to bitcoin immediately. If you don't know what bitcoin is click this link will you click this link and either it freezes your computer your opening the door for them. They're opening the door. You are doing it for them. So don't do it. Just be smart now. I know. It sounds scary. But here's the things the IRS will never contact you. You know, when you hear that phone call that says, we're from the IRS, and we want your social security, and you better send us money right away. Or we're going to send somebody to your door, and you were going to put you in jail. It's ridiculous. Because in fact, the IRS itself has provide. Added a list of five ways to tell if the person contacting you is a scam artist number one on that list. The IRS will never call to demand immediate payment, nor will they call to discuss a packs pass tax situation without first having mailed you a report we have a client. Her name is K K was smart enough. She gets one of these letters. She calls me what you always say Daymond. Call us for everything you always say everything that has anything to do with your financial life. Well, you know, what you know, what I say everything has your money into this tax letter said that she had owed this money, which there was a tax issue. She had when her husband passed away and low, and and it was substantial I'm talking for a retired person. This is very substantial and she brought it to me. And of course, we looked into it because she did get the letter, but we went farther than that. Because you can you can copy an IRS doesn't even have a good letterhead. It just says IRA not even anything in Boston is just on a plane piece of paper. So when you say things like this check into them pick up the phone and call we know of an instance with a banking relationship. We have right now that a client called detail his private banker. The he had a situation he had a a fine out in some county in this was in Texas and some county in Texas, and she goes you now this doesn't sound right to me. Well, I got this phone call. And he says the eldest I wanna take out this amount of money. And can you just send it over there to them? And here's where you send it. She said I'll be happy to do it. But the six call him. Joe Joe, if you don't big well known business owner, Joe if you don't mind, I happen to know the sheriff in county, blah, blah, blah, let me make a quick call for you. Sure enough. She calls and he says. We don't do that. That is not how we operate that is a scam. And this was skin a substantial amount of money. I believe it was like ten thousand dollars. I mean, this wasn't looking. Yeah. And it was believable to him. This is bizarre. He'd he just wanted to take care of it. He said this an obligation. I either forgot I something there's a lane. There was some issue. But she said just let me make a call get with your adviser people again, a very smart man because what's he gave that money away? You know, forget it. It's done. It would take you probably fifty thousand to try to get it back. Here's the thing. You know to me it's a lot like defensive driving. You know, just as when you're out driving defensive driving just assume everyone's drawn out to get you. So you're very safe. So when it comes to this kind of stuff just assume that someone is out to get you. All right. You can always verify later if it's true or not. But don't they're banking on you being scared. Yes. And when you're scared, that's when you tend to make really poor. Decisions decisions, but they call it fear motivation. Well, other things.

IRS Mr. Damon king cancer Joe Joe Texas advisor Daymond Boston Victoria business owner three hundred fifty thousand d seven hundred fifty dollars fifty thousand dollars ten thousand dollars six seven years fifty years
"mr. damon king" Discussed on KTOK

KTOK

03:17 min | 2 years ago

"mr. damon king" Discussed on KTOK

"Most listened to financial show here on the weekends at NewsRadio one thousand T. Okay. I'm joined by my co host known by his clients as the king of finance. That is Mr. Damon king. Welcome to the studio. The Davis studio today. Thank you. Yeah. Well, listen up everyone. I've got a diva alert for you. There are plenty of people out there who will tell you that it is impossible. I've heard this so many times Damon. I could just nowadays. I just laughed, but they will tell you. It is impossible to earn any decent returns on a fixed indexed annuity an income annuity any. No, you can't do it easy. You should too. Don't you? Well, you might want to pay attention to this. Then we've got clients we've been speaking to all year long. That have been amazed dumbfounded shock elated. Let's just say everybody's pretty happy right now that they have earned as little as conservative as it is five per six five percent. Six percent. Seven percent returns over the last year. Now, just a, you know, a guaranteed fixed annuities target because it is guaranteed is between four to six percent. So when we're earning six percent seven percent eight there's been years. Ten percent people. Do get elated. But now this is on a portion of their funds. Davis spoke with two clients this week. I heard Keith and Ivan who are absolutely ecstatic widened get those I should be getting those ecstatic. Extended pet the amount they earned on their annuity completely made up for all the income that they took for their investments because they're retired in their let me not. So they just replaced everything they took. So I mean, that's real money. Now, you heard that correctly, they took money from their investment accounts and actually ended up with more than they began with. That's the way it's supposed to work your money as opposed to work for hard for you. That's that's the rule. I'm not telling you to go out now and put everything into annuities. We have never done that in this office and never will. We have people right here on this radio station that condone that I totally disagree. And I've only been doing this twenty eight years and nobody's run out of money yet. And the reason for that. Is because we have the cash, and we have a portion of assets in guarantee a principal. How do you determine what that is? It all depends. So I'm telling you that you you to the protection of some of your money is really important to you, which it should be if locking in gains is important to you. Because in the market you lock in gains. No, you get the gains. They give it then they take it away. It's called the rise. And fall of the market you have to be willing to participate in that way. Well with an annuity. You lock in the gains is important. You should really consider a fixed annuity for a portion of your assets. Because it is the perfect solution. I'm done Damon. Okay. Well, actually, I love that div alert because it leads us perfectly into our next conversation. And we've been talking about risk, right? True. Risk is risky risk is.

Mr. Damon king Davis studio Keith Davis principal Ivan six percent twenty eight years six five percent Seven percent seven percent Six percent Ten percent
"mr. damon king" Discussed on KTOK

KTOK

02:39 min | 2 years ago

"mr. damon king" Discussed on KTOK

"Join me in the Davis studio today as always is the man known to his client says the king of finance Mr. Damon king. He is a CFP professional and wealth management specialists with Chapa would well, there's some profound knowledge for you. Get your pins ready. Yes. Get it ready. This is going to be very profound risk is risky. I know I know don't thank me all at once risk is all around you every day. Just getting out of bed is risky or. Riding a bicycle at my age around the Washington memorials where you're gonna run into a bridge. Loser story there. Survived. I won the bridge loss. Just so, you know, there isn't much you can do to eliminate risk from your life. However, you can't take steps to limit your risk exposure. And choosing not to limit exposure is itself a risk. Now. What we mean by risk is risky. It's like getting in a car driving, a large rectangular piece of metal hurtling seventy miles down toward other people. Yes, you're going in one direction. They're coming in the other. We take this for granted. We do it every day right by nature. It is risky. But you do take steps to minimize the risk of injury. If something should happen. Like example you wear a seatbelt. You. Make sure you have good breaks. You drive at a reasonable speed, you pay attention to all the laws. You check your mirrors. You have air bags. You have warning lights on my little car. The little warning light goes Bing, Bing, Bing when I want to change. Lanes. And it says, hey, lady there's somebody over there in your blind spot. Don't do it. Now, all of these are forums really of insurance that you will increase. Your odds are surviving or even a boy ding a wreck in the financial world we use insurance to increase. Our odds of surviving or avoiding some cat task survey. That's going to happen in our lives. There was nothing. I could do to avoid the bridge. Just saying I'm on my way to the Jefferson monument. There was no way of avoiding this for it. But I- truck, I broke. But it didn't it broke my fall. Let's just put it that way. Thank goodness for the brakes on that bike. It could be to protect against lost though of a business or home loss of money in the stock market. Yes. There is protection against loss of money in the stock market. There is protection against loss of health or loss of income loss of running out of money. Honey. Well on.

Bing Chapa Mr. Damon king Davis studio Washington Jefferson monument
"mr. damon king" Discussed on KTOK

KTOK

11:00 min | 2 years ago

"mr. damon king" Discussed on KTOK

"Welcome back to it's all about the money. Honey, I'm your host. They call me the financial beaver. My name is Victoria wood in with me in the studio is always in joining me as Mr. Damon king. The king of finance is a CFC professional and wealth management specialist right here at chapel with financial now, if you've just joined us where have you been because we have been talking about changes. Everybody has life changes we've talked about specifically how you know, you're gonna you change when you get into retirement, but how life changes and how you're playing a niece change over the years. You know, if you're like a lotta people you've established goals and either stablest some objectives in all. But maybe you have looked eminent domain is a long time ago as time has gone by your goals, priorities and passions in life. I promise you we sat down and had a discussion about it. They have changed. Your plan has not changed in all these years. Right. So that's why we are sharing the key pieces to a well-designed plan, though, we need a well-designed retirement plan, and this plan is for those of you who are will be retiring soon, and I usually say five to seven years, but I also say if you just think about it because we talk about how many people diamond don't wanna retire in wanna be kicking and screaming, and I'm going to die at the desk. Kind of an attitude because I love what they do. Now. There's no requirement to retire. Right. There's no reason for that. You know, so you know, nowadays, you can work as long as you're able and want to work in contribute to society. But when when times happened where you need. Need to retire in our getting prepared? There's an age about fifty fifty two when you really need to start thinking about how much money have you protected and have you protected enough? And when you want to start protecting assets, and it has a lot to do with, you know, your attitude in when you want to retire what your plan is. So there's we say five to seven years, I always say, everybody's different. But if you look at the average person they start protecting assets h fifty two so all you can do is look at national statistics and say, okay, it's h fifty tastes. So maybe that's an age. I start looking at or fifty five you could be in a position like Lisa and Bill that I just recently reconnected with radio show listeners and after forty almost forty two years of service, you know, Bill is finding himself possibly losing his job. With a company that he's been with for forty two years. A my niece is in the same situation show now, but he gets bought at. She thought she'd be there her whole lot since she was like fifteen seventeen first job she ever had. I mean things happen. Thanks do change sometimes because you want them to other times 'cause they're forced on you. But at some point, Victoria, when you've done all this work, and you've got your protection in place. You've got your income plan in place in everything looks pretty rosy. That's also when opportunities start come your way, you know, particularly when you have saved north of a million dollars, which many of our clients have been in many of our radio show listeners have, and I think about our mutual friend Deena and one time she said when opportunity knocks you got to answer the door love now and so right back. She's right. And so what are oportunities? Well, one of those opportunities could be win. Let's say you own an asset of great value that somebody else wants to buy I think about an she had these mineral rights, she's had in her family for years and years and years, and she's gotten a lot of income off of them. But she's getting older, and she's thinking, you know, what the price of oil could drop again could stop pumping oil out of the ground. I better regulations government things that are out of your console. I better sell this asset while I can still get some. Money out of it. And so she sold it for a cool two point one million dollars, which we then protected some and puts them into an income plan opportunity, a lot more fun things from that to Dolan. That's true. Yeah. New car. That's right. She did all these other things opportunities can also come in the form of an investment. You know, I think about when gale was approached to invest in a startup video game company. I remember as an angel investor. Not every opportunity that comes your way is going to be worth taking. But the point is when you worked hard you both a solid plan. You have these options available to you the point is not to accept every opportunity. But that you have those opportunities we yes, put yourself in a position to open the door. So you do want to have some cash available. Somebody was asking me for some advice. Just this last week. I was over at a restaurant called west and somebody actually approached me and said, oh, and it was an oil mineral rights, and she said I'm going to start receiving this money. Now. What should I do? And I was telling her you need to build up a cash. Reserve for some opportunities you need to do this. I mean, it was very quick and easy because I knew her first of all, but it was very quick and easy for me to be able to tell her exactly what to do. And she said. Okay. I was thinking something of like that. But not really that's a much better plan. And I said, of course, Damon. There's also this means, you know, part of our job is advisors is helping you tell the good opportunities from the bad in. When is a good time. And that was such a good story with an because for her that was good thinking on her part. I remember another client Chuck, and they had an opportunity to sell real estate that they had had on the books for ten fifteen years or something at six thousand dollars, and it was jumping so fast. It went to thirty thousand an acre, you know, and and it fell apart, and then it came back, and then it fell apart. They did have his eighty thousand. It was ridiculous, but they struck they opened the door. They took advantage of it. And it was a partnership. So it was there was not a one hundred percent agreement, but they voted to take the deal. And then it ended up, of course, they made a killing it went it went through, but just like gale now gills not hurting for money. And she never will. She'll never spend all the. Money. She has she set up legacy plans, and she's living a fabulous life. You know, she's approached all the time about investing in different things. Because people know she's she blesses the community. So she's always in the newspaper. She's always giving. So people are always hitting her up for some new kind of venture. And when she was approached about this video game company. It was you who mentioned to her. Well, let me look into it for you Gail, and you looked into this company for her its revenues business structure, the backgrounds of the people who started it their competition really in the industry. How competitive it is. I mean, you were her own little shark like in charge. He's got two hundred back pocket Damon's gonna shark around. He's gonna cyber stock. He's going to do whatever it takes. And you did advice scale not to take this opportunity in maybe just postpone it, even it may be this is just not the right time. But you gave a recent why she took your advice, and before she probably would have just done it because she always has in the past. I've known the things that her and her husband both have done. But you know, for one thing the the company was still new as well. And they really what you found for her was they just really needed more startup capital. There's still in the capitalisation phase trying to get off the ground exactly not generating any revenue. So how are you going to grow the business? And the biggest reason though for Gail was that you do have to come back and remind clients other risk tolerance. Sometimes and with Gail. This was not in her risk tolerance is this is not in her wheelhouse. She wants to protect these assets. So she can enjoy her life. She still has we have. A budget forgiving, and this fell outside of that budget of what she already gives every year. It was an addition to that. So it was you know, it's so smart. And that's why I say, we got the smartest lines ever. Because they pick up the phone, and they are going to call and ask the question in bounce the idea offer, you get some research done that we have access to all over the world if necessary, and it's know it's nice to see that we got smart clients that that take advantage of that. It's a simple phone. Call are in Linz case. A text message at eleven o'clock at night. Well, you know, and it's easy for them to take that advice when they know that the advice they're getting is backed up by objective evidence. We're not just. Zan? Oh, no. You should never do that. It's backed up by all the research. But also, again, our guiding compass is the investment policy statement, which states, this is my risk tolerance. My appetite for risk. This is how I want to be invested. And we look at every opportunity that comes their way through that lens. And if that filter filters it out within we'd really don't even have to go any further. Right. But we do like you. You could have just said, oh, this is up pitcher risk tolerance. But you went above and beyond is engaged or those hard facts. And and that's what she really wanted. And I was able to I was able to tell her that this industry they're in multimillion dollar industry. But there's a lot of competition. Maybe at some point in the future five ten years from now when they're generating revenue that sort of thing, it could be a good investment. Sure. You may not be getting in on the ground floor. It's kind of like apple invested in front of the very beginning. Well, you'd have like a twenty thousand percent return by now. But no one knew what apple was going to be back. Then. And if you aren't a speculator if you have a low appetite for risk, it's the same as bitcoin. Okay. There you go or investing in precious metals or art and collectibles startup businesses things like that these are speculative investments and just because I risk just because it's your brother-in-law who comes to you and say, oh, this is a can't miss opportunity, you might as well go down to the race track and bet on horse number five because he's also a can't miss opportunity. You know, that's the thing is until you have some hard evidence. And until you have some history that you can look at to make business. We had those come across our desks. Like, yeah, we had one this this year for our clients, and it was a great opportunity for but very select few. If I we look at it say does it fit anywhere in our clients investment policy statement, it is it's something they can risk. And have we got the protection and is the income flowing and is the market stable. Are they looking for another opportunity? But you know, because this company was established. It's still very we go it's a baby company, but it's really not been around for over ten years. And we know that they've got the the revenue generated. We know that they've had a fifteen percent return for their clients. But that's an outside in. It's gotta be this is money that if you lose it one hundred percent, it's not going to affect your retirement. That's the way I same. It's the same concept that you should have like when you walk into a casino. If you go to Vegas you go win knowing I'm probably coming back home without any of this money. And that's okay. That's my entertainment. But it's okay. So if I go when I drop fifteen thousand dollars playing craps your plan rule ladder playing poker you played with one of our clients..

Mr. Damon king Gail apple Bill Deena gale Victoria Dolan Vegas Chuck Lisa Zan Linz one hundred percent forty two years seven years fifteen thousand dollars twenty thousand percent