17 Burst results for "Texas Better Business Bureau"

"texas better business bureau" Discussed on KTRH

KTRH

06:32 min | 2 years ago

"texas better business bureau" Discussed on KTRH

"Diamonds are forever. And we are back this is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I am senior adviser at retirement planners of America, and I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas. We talk about with our beloved and most valued clients, and we work primarily with people who are over the age of fifty who are retired or retiring soon. I do love it. And so we specialize in retirement planning. So if you are in that demo than this show is designed for you and the north central Texas Better Business Bureau, actually gave us last year, the torch award for ethics for a large company, and we're very proud of that designation because one of the things that is just the top of the list for us is ethics and, you know, we believe that in, in any walk of life, being ethical is important, but certainly in the business that we are in it is extremely important. So if you are not a client of ours. We'd love to visit with you. If you're over fifty retired or retiring soon, then as I said, that's who we would love to visit with. So this is the part of the show. We talk about our foundational philosophy about how we manage money for our clients, and our view of that. Now. As you are, when you're a younger person, and you are building towards your retirement, you are a long term investor. If you've got many years ahead of you and so taking large losses in your investments, is, you know, something you don't enjoy, but you can play through that. And you can keep buying you know, if you have a 4._0._1._K to your contributing to, or whatever then when the market goes down, you know, you keep plugging plowing money in you buying, the lower point, and all that good stuff. And that, that all I endorse. Now that in my view changes when you get within five years of your retirement, or the five years after your retirement that ten year period. And there are many studies that have shown it is the most important period of your entire financial life. And the reason is, is because no matter how well you did during the thirty years that you spent saving accumulating money to retire on, if you lose half of it, within six months of your retirement, then guess what? It's not. You know, in most cases, you're not gonna be able to retire anymore, and, you know, two thousand and eight that's basically that happened to a lot of people and they had to delay their retirement for five six years, and build it back up again, before they could retire resistant, pilgrim, I am do, because I believe strongly that protecting your principle is such an important part of retirement planning. Now, the other part of that is, if you're already retired. So, again, if you lost God forbid, half of your money in the next bear market, what would that do to your ability to support the lifestyle you want to live the way that you want? Would you be able to continue? And how scary would that be how many sleepless nights, would you have? So, you know, one of the things that is a traditional, you know, you've probably heard a lot is that you should be a buy, and hold investor and the idea behind that is that you buy a quality said of investments and then you diversify them and you rebalance periodically and then your job is done. And I think that's a. Great strategy for someone who is twenty thirty forty, but once you get over fifty I think you need to be United to start thinking about having an additional strategy, which is to protect what you've built because if you take a big loss, it may take a long time for you to build it back up again. And if you wanted to retire, you're already there, you may not be able to do that. Okay. So the by hold idea is that you're a long term investor and everything takes care of itself. So large losses are okay, and I could tell you, I don't believe that okay. One of the things that is in our strategy of buy, hold and sell said to sell in November of two thousand seven and said to stay in a rather to stay out for all of two thousand eight and didn't say to buy back until June of two thousand nine so for almost eighteen months, we were counting, our clients, and we're counseling, those of you who were listening to our show back then that you should be out of all equities. And you should protect yourself from that terrible bear market. Those that followed are. Advice. You know you didn't participate in all that carnage, now it last year in December. Our strategy said it was time to sell and the market as you may recall this and P fell precipitously, and it was very dramatic. But it recovered very quickly. And so you look at that, and you say, well, you know, can you told everybody to sell back then? And now you know you said to buy back, but we missed out on the on the rebound. And that's a terrible thing. Well, I agree. It's not fun to miss honoree bound, no question, but you have to ask yourself, what's the game that you're playing is the game that you're playing to make the most returns and take the risk associated with that, that it could be a bear market. And you could end up losing fifty seven percent of your money like what happened with the SNP in two thousand eight. Baby. Yeah. Or forty nine percent has happened with the SNP in Y2._K and other bear markets. We have losses of thirty seven percent on average. Is that worth the risk in our opinion it isn't? So if we see danger coming, then we essentially take vase of action, and if the market bounces back and we missed those returns on the buyback the choice, we've made is, I'd rather. Protect what I have in exchange for missing out on what I could have. Okay. So it's basically data quesion there is no perfect investment strategy. Unfortunately, I wish there was so you have to pick, what is the thing that you fear, the most or that you want the most and our goal for our clients is to have their money last as long as they do. Okay. So to do that losses are the biggest part of the question that can cause you not to achieve that goal. And so therefore, missing out on what you could've made yes, it's painful, and yes, it's it makes you unhappy because you want to participate and. I get that. But protecting your principle is more important in my opinion, you can live to fight another day. If you don't get killed in the battle that you're in. Okay. That's the important thing. Now, if you are retired or retiring soon if you are over fifty and you are about that you'd like to talk with a retirement.

Ken moraif senior adviser Jack Texas Better Business Bureau America five years thirty seven percent fifty seven percent forty nine percent eighteen months five six years thirty years six months ten year
"texas better business bureau" Discussed on 790 KABC

790 KABC

06:51 min | 2 years ago

"texas better business bureau" Discussed on 790 KABC

"Diamonds are forever. And we are back this is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I am senior adviser at retirement planners of America, and I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas. We talk about with our beloved and most valued clients, and we work primarily with people who are over the age of fifty who are retired or retiring soon. I do love it. And so we specialize in retirement planning. So if you are in that demo than this show is designed for you and the north central Texas Better Business Bureau, actually gave us last year, the torch award for ethics for a large company, and we're very proud of that designation because one of the things that is just the top of the list for us is ethics and we believe that in any walk of life, being ethical is important, but certainly in the business that we are in it is extremely important. So if you are not a client of ours. We'd love to visit with you. If you are over fifty retired or retiring soon, then as I said, that's who we would love to visit with. So this is the part of the show. We talk about our foundational philosophy about how we manage money for our clients, and our view of that. Now. As you are, when you're a younger person, and you are building towards your retirement, you are a long term investor. If you've got many years ahead of you and so taking large losses in your investments is something you don't enjoy. But you can play through that, and you can keep buying you know, if you have a 4._0._1._K that you're contributing to, or whatever then when the market goes down, you know, you keep plugging plowing money in you buying, the lower point, and all that good stuff that, that all I endorse. Now that in my view changes when you get within five years of your retirement, or the five years after your retirement that ten year period. And there are many studies that have shown it is the most important period of your entire financial life. And the reason is, is because no matter how well you did during the thirty years that you spent saving and accumulating money to retire on, if you lose half of it, within six months of your retirement, then guess what? It's not. You know, in most cases, you're not gonna be able to retire anymore, and, you know, two thousand eight that's basically that happened to a lot of people, and they had to delay their retirement for five six years, and build it back up again, before they could retire assistant. Pilgrim, I am do because I believe strongly that protecting your principle is such an important part of retirement planning. Now, the other part of that is, if you're already retired. So again, if you lost God forbid, half of your money in the next bear market. What would that do to your ability to support the lifestyle you want to live the way that you want? Would you be able to continue? And how scary would that be how many sleepless nights, would you have? So, you know, one of the things that is a traditional, we've, you know, you've probably heard a lot is that you should be a buy, and hold investor and the idea behind that is that you buy a quality said of investments and then you diversify them and you rebalance periodically and then your job is done. And I think that's a. Great strategy for someone who is twenty thirty forty, but once you get over fifty I think you need to be you need to start thinking about having an additional strategy, which is to protect what you've built because if you take a big loss, it may take a long time for you to build it back up again. And if you wanted to retire, you're already there, you may not be able to do that. Okay. So the by hold idea is that you're a long term investor and everything takes care of itself. So large losses are okay, and I could tell you, I don't believe that. Okay. One of the things that in our strategy of buy, hold and sell said to sell November of two thousand seven and said to stay in rather to stay out for all of two thousand eight and didn't say to buy back until June of two thousand nine so for almost eighteen months, we were counting, our clients, and we're counseling, those of you who were listening to our show back then that you should be out of all equities. And you should protect yourself from that terrible bear market. And those that followed are. Advice. You know you didn't participate in all that carnage, now it last year in December. Our strategy said it was time to sell and the market as you may recall this and P fell precipitously, and it was very dramatic. But it recovered very quickly. And so you look at that, and you say, well, you know, can you told everybody to sell back then? And now you know you said to buy back, but we missed out on the on the rebound. And that's a terrible thing. Well, I agree. It's not fun to miss una rebound. No question. But you have to ask yourself, what's the game that you're playing is the game that you're playing to make the most returns and take the risks associated with that, that it could be a bear market. And you could end up losing fifty seven percent of your money like what happened with the SNP in two thousand eight. Yeah. Or forty nine percent has happened with the SNP in Y2._K and other bear markets. We have losses of thirty seven percent on average. Is that worth the risk in our opinion it isn't? So if we see danger coming, then we essentially take vase of action, and if the market bounces back and we missed those returns on the buyback the choice, we've made is, I'd rather. Protect what I have in exchange for missing out on what I could have. Okay. So it's basically data question. There is no perfect investment strategy. Unfortunately, I wish there was so you have to pick, what is the thing that you fear, the most or that you want the most and our goal for our clients is to have their money last as long as they do. Okay. So to do that losses are the biggest part of the equation that can cause you not to cheat that goal. And so therefore, missing out on what you could've made yes, it's painful, and yes, it's it makes you unhappy because you want to participate and. I get that. But protecting your principle is more important in my opinion, you can live the fight another day, if you don't get killed in the battle that you're in. Okay. That's the important thing. Now, if you are retired or retiring soon if you are over fifty and you are about you'd like to talk with a retirement planner. Yes, or maybe you're just educating yourself. Okay. You just want to get information about what to do go to our website. It's our P O, A dot com. Planners of America are poa dot com. And while you're there, we have videos, we have articles we have podcasts. We have lots of.

Ken moraif America senior adviser Jack Texas Better Business Bureau Pilgrim five years thirty seven percent fifty seven percent forty nine percent eighteen months five six years thirty years six months ten year
"texas better business bureau" Discussed on KTRH

KTRH

07:45 min | 2 years ago

"texas better business bureau" Discussed on KTRH

"We are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. And I'm a senior adviser at retirement planners of America. And I have been a certified financial planner professional now for the last twenty marvelous wonderful in very exciting years, and all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients. I do. And since we are since we specialize in retirement planning, our clients are primarily people who are over the age of fifty who are retired or retiring soon, and you know, one of the things that I was talking about in the previous segment was that we've been very fortunate as a firm we've grown over the years, in fact, Inc. Five thousand name is one of the fastest growing companies in the United States, and we've come to a place where you know, I've stopped and said where do we go from here, you know, essentially, if you think about you set goals for yourself, and you said goals for how many people you want to help and all those kind of things in terms of retirement planning, and by the way as a firm. Our our retirement planners of America are our goals are to K one is to provide our clients with financial peace of mind. We call your retirement your second childhood without parental supervision. Okay. We want you to go play and have fun and relax and not worry about your finances. And then Secondly, we want your money to last. As long as you do. Okay. So not quite the last. Check you right. When you die bounces idea, but close okay, we want your money to support the lifestyle. You have for the rest of your life. And maybe Lee something for your, greedy. Unwashed undeserving airs in the process who knows but be that as it may. We've set a goal as our firm that we have responsibility. Now, it's like as the company grows, and you watch it happen. And all of a sudden, you realize that you have thousands of families that are employing you as your as their retirement planner, and you have a responsibility to them to have the company continued to grow and be viable and be here for their children, and hopefully even for their grandchildren. So I developed for our company what I call vision one hundred which is that I want retirement planners of America to be here one hundred years from now, and I wanted to be stronger than or at least as strong as we are today. So as we grow we wanna keep our culture in our values strong. And so I wanted to share with you in this week's program the. The our core values. What are the things that we live by? And as I said in the prior segment, one of the things that I would recommend to you is that you do that also for your family. You know, if you are retired or retiring soon, you may be a grandparent or at least old enough to have one. And if that's the case if you had grandchildren. What would you want them to learn as to what your values are what are your morals? What are the things that your family stands for and the behavior that you expect your family to exhibit? And if you write those things down and save them for posterity or even better make video get your your iphone out or your your smartphone. And just videotape yourself and tell your family, these are the five family things. Honesty, hard work, whatever it may be. And and have those be available to your grandchildren one day? You know, so they could watch you telling them what your family stands for. That's that would be a wonderful thing. So in a way, that's what I'm doing on this program. But I'm also secretly hoping that you agree with our core values, and you think they're there. The ones that you would want to be part of. And they would encourage you to say, you know, what maybe I should consider being a client of retirement plans have America. And that would be a good thing too. So one of the things that is extremely important to me is integrity honesty, and so our number one core value is the right thing to do is always the right thing to do. And we made that one I because it all starts there. If we only had that one you'd solve everything else. The right thing to do is always the right thing to do. And my mother actually gave me that one. When I was a young little boy or even as a young man, I'd go to my mom, and I had you know, a moral decision to make. And I'd ask her for her advice and her answer was Kenny. You. You know, what my answer is. Right. I'm like, yes. The right thing to do is always the right thing to do. I know I know. So sometimes you don't wanna do that. You know, the right thing to do is not necessarily the one that benefits you the most. Right. So sometimes you have to sacrifice to do that. And you know, there's a part of this leg. Gosh. Why do I have to do that? But in the end, we all know, the right thing to do is always the right thing to do. And as a firm our firm last, we are currently the Better Business Bureau gave us the torch awards for ethics, and this is we were a finalist last year. But this year we actually were awarded that and this is a North Texas Better Business Bureau. And of course, they're not endorsing us as a financial planning firm. That's not what they're doing. They're just giving us an award for ethics and in my in this business and the business of financial services where you're helping people with their money, and you're doing those kind of things it is so important in my view that you have. Ethics. And that you are honest beyond reproach disclose everything I think these are extremely important things. So we have our second core value. I is the right thing to do is always the right thing to do. The second one is our clients benefit before we do over the years. There have been many many situations where we've we've had a conflict of interest, basically from the standpoint that, you know, we want to benefit our clients, but it's going to cost us money to do it that way or you know, we have to change our computer systems because it's not quite benefiting our clients the way we would and it would cost us a lot of money to do that. But we've always said our client benefits before we do. And if we do that they will take care of us in the long run. So we've never hesitated. It's always been our client benefits before we do. And then our core. Value number six is never sacrifice honesty for growth, and I think you can apply that in all facets of life. I think this is when you're applying for a job. If you're talking to a grandchild is graduating from college or your own child. You know, don't fudge anything on your resume. Don't don't ever do that. It's not gonna help you in the long run. Yes. It may get you the job at soon. They'll figure out that you lied to him. And you lose that job. So never sacrifice honesty for girls. We tell the story visors to everyone. Okay. You disclose everything our clients and prospect of clients need to know exactly what they're getting without any ambiguity without leaving anything off without exaggerating. Anything we want to grow our business. There's no question about that. But if it requires sacrificing honesty to do that, we're not gonna do it. If we have to grow slower than we would have otherwise. So be it. Okay. It growth is great. And as I mentioned, we do want to grow. And we want to be ten times bigger than we are today. Ten years from now, we wanna help ten times as many people have a successful retirement ten years from now do today. But that doesn't mean that we have the sacrifice honesty to get there. We will we always put our clients before ourselves. And the right thing to do will always be the right thing to do. And I think if you apply those things in all businesses all facets of life. I think it's a recipe for long term success. Now, all of this discussion is to is self serving from the standpoint that my goal is to encourage you to say, you know, what those people sound like somebody. I would like to have is my retirement planner. And if that's the case, then I encourage you to go to our website. Our website is our.

America Ken moraif United States senior adviser Better Business Bureau Jack North Texas Better Business Bu Lee Kenny one hundred years Ten years ten years one day
"texas better business bureau" Discussed on KTRH

KTRH

07:23 min | 2 years ago

"texas better business bureau" Discussed on KTRH

"And we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we are a firm that specializes in retirement planning. So our clients are primarily people who are over the age of fifty who are retired or retiring soon and actually for the second year, we've been nominated twice by the north central Texas Better Business Bureau for the torch award for ethics, and in fact, this last year we actually won the award for for ethics torture award for ethics from the Better Business Bureau. And of course, we are very proud of that. And it is extremely important to us to be ethical and to be fully disclosing everything and honesty above reproach. And we believe that we are fiduciary also as a as a registered investment adviser. But at the same time, this does not mean that the Better Business Bureau is recommending us to be your financial adviser, just so you know, they're just talking about ethics. That's all. But anyway, we are back and we're talking now about our philosophy. So since we work with clients who are primarily as I mentioned retired or retiring soon who are over fifty our philosophy is that we want to protect principle. I that's job number one for us. And this is actually contrary in in many ways to the notion of buy and hold okay? Because buying hold says that you have diversified portfolio of quality investments, you rebalanced them maybe prianti to keep them in the risk profile that you're supposed to be in. And then your job is done. We'll see the problem with that is that if you have a bear market such as thousand eight or why two K and many others, then you're violating the rule of rule number one. Which is don't lose money. Right. Protect principle. You're violating rule, and that's a rule we have. And so therefore, we believe that you should have a strategy of buy hold and protect okay? I believe there is no doubt. So you we want to protect your principal, and one of the things that is always very nice for me is when somebody who's way smarter and way better at all this stuff than I'll ever be agrees or has agreed to it to what I our philosophy. Right. And so one of the things that we we have all of our advisers, go through is the charter retirement planning counselor designation. Okay. We went are we put them through that professional designation, which is to be a retirement planning counselor to be chartered in that in that regard. And so I'm going through the program myself, and one of the things that I came across was this discussion about different investment, philosophies that are good for retired people and one of them that I came across was exactly what we talk about. And I was like, wow. This is really cool. So this is Benjamin Graham, okay? So Benjamin Graham is the father of modern. Security analysis and his a lot of the things that he came up with are still used by a lot of money managers today. And so he he actually was born in eighteen ninety four died in nineteen seventy eight. And he was the leading contributor in. I'm reading here from the college of financial planning chartered a consultant retirement planning counselor booklet, but Benjamin gray was a leading contributor to the science of investing. He he entered a field where decisions were made on the basis of dubious tips hearsay inside information, and intuition and left it with a methodology worthy of true profession Graham, not only developed the analytical methods of modern security analysis used throughout the investment industry, but he pioneered the strategy of value, investing and Graham was extremely careful and thorough investor. He held safety of principle as the first requirement protect principle. I after that, you can do whatever you want. But that's the first one. And so he also, and I really find this to be interesting. He he there's a parable here that I want to read to you Graham, use a parable of Mr. market too ill. Straight importance of his philosophy. Okay. So the example that he used the stock investor is a partner in a business with other partners. One of whom is Mr. market, Mr. market can be very emotional and subject at times to extremes of euphoria and depression. I would say that's true. Each day. Mr. market offers the investors inoperability to buy or sell the investors stock to him. Sometimes Mr. market is your fork and some time and therefore will trade the stock at a very high price to his partner. The investor at other times, Mr. market is very despondent. And we'll trade the stock at depressed prices much below its true value, Mr. market does not care if he takes advantage of the investor nor does he care if the investor takes advantage of him. It is up to the investor to understand these mood swings and used them to make smart profitable trades with Mr. market. Okay. So that's Benjamin Graham, and that is what we believe is. Well, our belief system is that you need to be aware that Mr. market can become very depressed. And when Mr. market becomes depressed. He goes way way down as in SNP down fifty seven percent in the talk market crash of oh eight and forty nine percent in Y two K and other times, you know, we had. Big drops. And when Mr. market is depressed, you need to not be in the market taking a beating when that's happening. That's interesting. It is very interesting. That's why we believe you should have a buy hold at protect strategy to get out when Mr. market is depressed because why rule number one all lose money. Am I alone on this? Does anybody agree with that? So if you're retired or retiring soon, I think it is so important to preserve your principal. And we talk about it a lot on this show and with our clients, and that is that the five years before you retire in the five years after the single in our opinion, the single most important decade of your entire financial life because if you lose forty or fifty percent of your money during that decade, many studies have shown that you could run out of money during your lifetime. Certainly you'll be difficult for you to retire. If you wanted to when you when you wanted to a lot about things come with that that we don't want for you. Okay. So here's what I'd like for you to go to our website. It's money. Moneymatters dot net moneymatters dot net. And when you're there what you'll see is you can sign up for one of our seminars, or you can meet with an adviser what we want to do at the seminar is talk with you about social security when and how to take it. In fact, we're gonna talk about the fact that the IRS. Out. Yeah. Those guys they want attacks eighty five percent of your social security benefit. Did you know that eighty five percent? We'll show you how to beat it. If it's at all possible. We want to talk about your 4._0._1._K. We wanna talk about where to get income. Do you have enough money to retire on? And we're gonna talk about reducing your income taxes five strategies to do that. We have a lot of information that we believe that.

Mr. market Benjamin Graham Better Business Bureau Texas Better Business Bureau Ken moraif principal Jack fiduciary Benjamin gray partner consultant IRS eighty five percent five years two K fifty seven percent forty nine percent fifty percent
"texas better business bureau" Discussed on KLBJ 590AM

KLBJ 590AM

04:09 min | 2 years ago

"texas better business bureau" Discussed on KLBJ 590AM

"Diamonds are forever. And we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years in all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we are affirmed specializes in retirement planning. So our clients are primarily people who are over the age of fifty who are retired or retiring soon and actually for the second year, we've been nominated twice by the north central Texas Better Business Bureau for the torch award for ethics, and in fact, this last year we actually won the award for for ethics the torch award for ethics from the Better Business Bureau. And of course, we are very proud of that. And it is extremely important to us to be ethical and to be fully disclosing everything and honesty above reproach. And we believe that we are due Sherry also as a as a registered investment advisor. But at the same time, this does not mean that the Better Business Bureau is recommending us to be your financial adviser, just so you know, they're just talking about ethics. That's all. Anyway, we are back and we're talking now about our philosophy. So since we work with clients who are primarily as I mentioned retired or retiring soon, we're over fifty our philosophy is that we want to protect principle. I that's job number one for us. And this is actually contrary in in many ways to the notion of buy and hold okay? Because buying hold says that you have diversified portfolio of quality investment, you rebalance done maybe prianti to keep them in the risk profile that you're supposed to be in. And then your job is done. We'll see the problem with that is that if you have a bear market such as two thousand eight or why two k and many others, then you're violating the rule of rule number one. Which is dull lose money, right? Protect principle. You're violating that rule. And that's a rule we have. And so therefore, we believe that you should have a strategy of buy hold and protect. Okay. No doubt. I believe there is no doubt. So you we want to protect your principal. And you know, one of the things that is always very nice for me is when somebody who's way smarter and way better at all this stuff, and I'll ever be agrees or has agreed to it to what I are philosophy. Right. And so one of the things that we we have all of our advisers, go through is the charter retirement planning counselor designation. Okay. We went we put them through that professional designation, which is to be a retirement planning counselor to be chartered in that in that regard. And so I'm going through the program myself, and one of the things that I came across was this discussion about different investment, philosophies that are good for retired people and one of them that I came across was exactly what we talk about. And I was like, wow. This is really cool. So this is Benjamin Graham, okay? So Benjamin Graham is the father of modern security. Analysis and his a lot of the things that he came up with are still used by a lot of money managers today. And so he he actually was born in eighteen ninety four died in nineteen seventy eight. And he was the leading contributor in. I'm reading here from the college of financial planning chartered a consultant retirement planning counselor booklet, but Benjamin gray was a leading contributor to the science of investing. He he entered a field where decisions were made on the basis of dubious tips hearsay inside information, and intuition and left it with a methodology worthy of true profession Graham, not only developed the analytical methods of modern security analysis used throughout the investment industry, but he pioneered the strategy of value, investing.

Texas Better Business Bureau Benjamin Graham Benjamin gray Ken moraif Sherry Jack advisor principal consultant two k
"texas better business bureau" Discussed on KTRH

KTRH

02:08 min | 2 years ago

"texas better business bureau" Discussed on KTRH

"This is money matters with Ken moraif. And of course, I am your host Ken moraif. Doc, I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas. We talk about with our beloved and most valued clients, and we not we work with people who are retired or retiring soon where a firm specializes in retirement, planning and. In two thousand eighteen we the the north central Texas Better Business Bureau. Better Business Bureau offer a named us. The winner of the what they call the torch award for ethics for a large company. That's hard to say. I don't know why. But the Better Business Bureau does not of course, endorse us as a financial adviser. They're only looking at us from their perspective. And when they give us the ethics award there toward, but you know, when it comes to financial advising, and when you are a financial advisor for people. I think that ethics and integrity honesty that has to be the very first top of the list first thing and in our firm. It is our culture we always put our client's interest before we they are before our own. We disclose everything and we never sacrifice honesty for growth ever. And so we wanna thank the Better Business Bureau for that. But you know, what we wouldn't even have been known to them if it was not for our clients. And so clients, thank you very much for being a client. All right. This is the time of the show the part of the show, we talk about estate planning. Normally when we talk about is how to pass onto your, greedy, unwashed undeserving. Airs the fruits of your labor, but this week we're gonna make you the greedy unwashed undeserving air, and you're going to inherit an IRA or a 4._0._1._K. And we want to talk about how do you go about doing so in the proper way from attack stem point? So we'll be we'll talk about that. But first Jack can you play it? No I'd go.

Texas Better Business Bureau Ken moraif Business Bureau Doc advisor Jack
"texas better business bureau" Discussed on KTAR 92.3FM

KTAR 92.3FM

02:06 min | 2 years ago

"texas better business bureau" Discussed on KTAR 92.3FM

"And of course, I am your host Ken moraif. Jack, I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas. We talk about with our beloved and most valued clients, and we not we work with people who are retired or retiring soon where a firm specializes in retirement, planning and. In two thousand eighteen we the north central Texas Better Business Bureau. Better Business Bureau offer named us. The winner of the what they call the torch award for ethics for a large company. That's hard to say. I don't know why. But the Better Business Bureau does not of course, endorse us as a financial adviser. They're only looking at us from their perspective, and when they give the ethics award torch award, but you know, when it comes to financial advising, and when you are a financial advisor for people. I think that ethics and integrity honesty that has to be the very first top of the list first thing and in our firm. It is our culture we always put our client's interest before we they are before our own. We disclose everything and we never sacrifice honesty for growth ever. And so we wanna thank the Better Business Bureau for that. But you know, what we wouldn't even have been known to them if it was not for our clients. And so clients, thank you very much for being a client. This is the time of the show the part of the show we talk about estate planning normally when we talk about is how to pass onto greedy, unwashed undeserving. Airs the fruits of your labor, but this week we're gonna make you the greedy unwashed undeserving air, and you're going to inherit an IRA or a 4._0._1._K. And we want to talk about how do you go about doing so in the proper way from attacks down point? So we'll be we'll talk about that. But first Jack can you play it on? No, I'd go.

Texas Better Business Bureau Business Bureau Jack Ken moraif advisor
"texas better business bureau" Discussed on KTRH

KTRH

02:28 min | 2 years ago

"texas better business bureau" Discussed on KTRH

"Blue Cross and Blue Shield companies net. To be a million. Have flashy flunkies everywhere. Flashy flunkies who on the the country estate country. To champagne, and we are wallowing in Champaign. This is money matters with Ken moraif. And of course, I am your host Ken Murray. Doc, I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas. We talk about with our beloved and most valued clients, and we not we work with people who are retired or retiring soon where a firm specializes in retirement, planning and. In two thousand eighteen we the the north central Texas Better Business Bureau. Better Business Bureau offer a named us. The winner of the what they call the torch award for ethics for a large company. That was hard to say, I don't know why. But the Better Business Bureau does not of course, endorse us as a financial adviser. They're only looking at us from their perspective. And when they give us the the ethics award their torture ward. But you know, when it comes to financial advising, and when you are a financial advisor for people. I think that ethics and integrity honesty that has to be the very first top of the list first thing and in our firm. It is our culture we always put our client's interest before we they are before our own. We disclose everything and we never sacrifice honesty for growth ever. And so we want to thank the Better Business Bureau for that. But you know, what we wouldn't even have been known to them if it was not for our clients. And so clients, thank you very much for being a client. All right. This is the time of the show the part of the show we talked about estate planning. And normally when we talk about is how to pass onto greedy, unwashed undeserving. Airs the fruits of your labor, but this week we're going to make you the greedy unwashed undeserving air, and you're going to inherit an IRA or a 4._0._1._K. And we want to talk about how do you go about doing so in the proper way from attack stem point? So we'll be we'll talk about that. But first Jack can you play it? No I'd go.

Texas Better Business Bureau Business Bureau Blue Shield Blue Cross Ken moraif Ken Murray Champaign Doc advisor Jack
"texas better business bureau" Discussed on KTRH

KTRH

07:32 min | 2 years ago

"texas better business bureau" Discussed on KTRH

"He yard guy when stocks. Oh, hi, beware. Dan. And we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. You know, what if spouses go back if Laos is go back to their spouses when their stock goes down, then boy two thousand and eight must have been a lot of family reunions? Anyway, sorry about this. I know it's a good setting. It's very silly. And not actually very funny because people suffered in two thousand eight now before I go step further. Let me make sure you know, who I am. I am Ken moraif. The host of money matters. With Ken moraif. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years in all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we now serve clients in forty three states. And you know, we're very blessed to be able to do that. And for the second year in a row. Our firm moneymatters is was named as a finalist and in two thousand eighteen a winner of the Better Business Bureau ethics award. They have this award that they call the torch award for ethics and we wanted in the large companies category. And this is in the North Texas Better Business Bureau and. That is a while. I was very very I didn't know I got, you know, they don't tell you. They tell you. You're you're a finalist, but they don't tell you one. They force you to go to the thing and dress up and look nice and take your spouse. And then they found out we found out that we won. It was very very nice. And ethics. We believe is the most important thing your reputation and your ethics in all walks of life. Not just if you're a financial adviser, but in particular now because we specialize in retirement planning, we work primarily with people who are retired or retiring soon. And so our focus is on preservation of what you spent your lifetime accumulating. Okay. So you've worked you save. You put money away you've done all that. And now you want to retire you want to have your second childhood without parental supervision. You want to go play and have fun, and you don't want to lose half your money or something like that and caused yourself issues. So I wanna talk with you. This is I actually write a blog for kiplinger. And there was a the last one I wrote was on cash flow planning for retirees. Okay. And basically, I want you to think of your investments as you would the company that you worked for that gave you your wages. Okay. So once you retire if you need money from your investment investments to supple. Lament your your your cost of living to provide you with income to support. To pay for your cost of living. Then thinking of it as a wage that you're getting from your company, I think is very instructive. So your investments are a company you're running this company, and this company is generating profits, and it pays you away. So you invest your money. It gets you dividends and income and capital gains, and you and you distribute that to to supplement your retirement. So you're running this company. Right. So you're the CEO you're the president of this company, and this company has one customer that represents forty percent of your revenue, okay, which is bad planning on my. But, but there are a lot of companies that that's the case they have one customer that is a vast majority. It's it's you know, it's the biggest customer they have by far. So you have one customer that represents forty percent of all the revenue that your business provide gets, and this business is giving you the wages that you live on. Now, this customer leaves you go to a competitor. And you lose forty percent of your revenue. What do you do, Mr.? Mrs CEO, would you do? Now. This question was asked when I was in MBA school by this guy by the name of Sammons who is a billionaire. He came and talked a bunch of MBA students and ask that question. You lose your best customer forty percent of your revenues gone. What do you do? And all these smart kids. You know, we're in there, we say, well, you get your sales people out on the street and you start beating the drum right? Bang on doors you'd increase your advertising, and he was like. Nope. Nope. You create a new marketing strategy new sales strategy. Nope. Nope. And we went through it. All no one can figure out what you're supposed to do. And he said, you know, what you do you cut your expenses? First thing you do you got to stop the bleeding? If your revenue went down by forty percent, you gotta cut your expenses commensurately because if your if your expenses continued to level they were before, and you don't have the revenue supported you will go out of business. That's. That same philosophy is what I believe is the case when you are retired your investments generate the income for you to live on if you lose forty percent of your revenue forty percent of the machine that's giving you that as in a bear market where the average drop according to Ned Davis research is thirty seven percent, then you have to reduce your expenses commensurately when that happens. Okay. So when the next bear market calms God forbid, you lose forty percent of your money. Yes. Now what you have to do. If you want to be a good business person and manage the business that is generating for you, your retirement income you need to cut your expenses by that same forty percent. And you don't increase your expenses again until your revenue gets back up to where it can support that forty percent that you lost till you get that new customer again. So can you do that good you reduce your cost of living and bear markets come quickly in the blink of an eye pretty much, and when they come quickly are you able to now cut your expenses by twenty thirty or forty percent? I don't know if you can't. So there's an and I don't even want you to. Okay. That's the big point. Here is I don't want you to have to. And so therefore in our firm when we manage money for our clients, we have a strategy that we call by hold and protect okay? And this strategies where tells us that when the trend has changed, and we don't like it anymore. And we believe the risk on the downside is greater than the. The upside we tell you to get out of investments to represent that risk. So for example, in November in late November of two thousand seven we told our clients to sell all of their equities all their stock. Investments sell all of that get out now, and we told him to stay out for all of two thousand and eight and didn't say to buy until June of two thousand nine okay? So for a year and a half almost we were counting our clients to be out. And we saw the risk is being too great to participate, and we know the S and P went down fifty seven percent, not forty. I'm using forty an example. So it was even more damaging for many people in two thousand eight so the important thing and right now for for those of you who don't know we have counseled our clients to not be in the stock market. And I know it's been going up, and it's all this stuff recently. But that's not unusual behavior in a bear market. Okay. So just because it's been going up does not give us any change in our viewpoint. We told our clients to sell actually in December of last year. So my advice to you is that if you are retired or retiring soon. Go on our website, moneymatters dot net, moneymatters dot net. And when you're there you can learn about our beholden protect strategy. We have articles and videos,.

Ken moraif Laos Better Business Bureau North Texas Better Business Bu Dan kiplinger moneymatters Mrs CEO Sammons Ned Davis CEO president forty percent thirty seven percent fifty seven percent
"texas better business bureau" Discussed on KFI AM 640

KFI AM 640

07:31 min | 2 years ago

"texas better business bureau" Discussed on KFI AM 640

"Guy. When stocks go. Hi. Dan. And we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif on KFI AM, six forty. Spouses, go back. If Laos is go back to their spouses when their stock goes down, then boy two thousand and eight must have been a lot of family reunions. Anyway, sorry about this. I know it's very silly. And not actually very funny because people suffered in two thousand eight now. Before I go step further. Let me make sure you know, who I am. I am Ken moraif. The host of money matters. With Ken moraif. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we now serve clients in forty three states, and we're very blessed to be able to do that. And for the second year in a row. Our firm moneymatters is was named as a finalist and in two thousand eighteen winner of the Better Business Bureau ethics award. They have this award that they call the torch award for ethics and we wanted in the large companies category. And this is in the North Texas Better Business Bureau, and that is a while. I was very very I didn't know I got, you know, they don't tell you. They tell you. You're you're a finalist, but they don't tell you you one they forced you to go to the thing. And you dress up. And look nice and take your spouse. And then they found out we found out that we want. It was very very nice. And ethics. We believe is the most important thing your reputation and your ethics all walks of life. Not just if you're a financial adviser, but in particular now because we specialize in retirement planning, we work primarily with people who are retired or retiring soon. And so our focus is on preservation of what you spent your lifetime accumulating. Okay. So you've worked you save. You put money away you've done all that. And now you want to retire. You wanna have your second childhood without parental supervision. You want to go play and have fun, and you don't want to lose half your money or something like that and caused yourself issues. So I wanna talk with you. This is actually write a blog for kiplinger. And there was a the last one I wrote was on cash flow planning for retirees. Okay. And basically, I want you to think of your investments as you would the company that you worked for that gave you your wages. Okay. So once you retire if you need money from your investment investments to supple. Lament your your your cost of living to provide you with income to support. To pay for your cost of living. Then thinking of it as a wage that you're getting from your company, I think is very instructive. So your investments are a company you're running this company, and this company is generating profits, and it pays you a wage. So you invest your money. It gets you dividends and income and capital gains, and you and you distribute that to to supplement your retirement. So you're running this company. All right. So you're the CEO you're the president of this company, and this company has one customer that represents forty percent of your revenue, okay, which is bad planning on. But there are a lot of companies that that's the case they have one customer that is a vast majority. It's you know, it's the biggest customer they have by far. So you have one customer that represents forty percent of all the revenue that your business provide gets, and this business is giving you the wages that you live on. Now, this customer leaves you they go to competitor. And you lose forty percent of your revenue. What do you do? Mr. Mrs CEO, what do you do? Now. This question was asked when I was an MBA school by this guy name of salmon's who is a billionaire. He came and talked a bunch of NBA students and he asked that question. You lose your best customer forty percent of your revenue gone. What do you do? And all these smart kids. You know, we're in there, we say, well, you get your salespeople out on the street and you start beating the drum right? Bang on doors. You increase your advertising, and he was like. Nope. Nope. You create a new marketing strategy a new sales strategy. Nope. Nope. And we went through it. All no one can figure out what you're supposed to do. And you said, you know, what you do you cut your expenses? First thing you, do you gotta stop the bleeding. If your revenue went down by forty percent, you gotta cut your expenses commensurately because if your if your expenses continued to level they were before, and you don't have the revenue supported you will go out of business. That's. Same philosophy is what I believe is the case when you are retired your investments generate the income for you to live on if you lose forty percent of your revenue forty percent of the machine that's giving you that as in in a bear market where the average drop according to Ned Davis research is thirty seven percent, then you have to reduce your expenses commensurately when that happens. Okay. So when the next bear market comes God forbid, you lose forty percent of your money. Yes. Now what you have to do. If you want to be a good business person and manage the business that is generating for you, your retirement income you need to cut your expenses by that same forty percent. And you don't increase your expenses again until your revenue gets back up to where it could support that forty percent that you lost you get that new customer again. So can you do that could you reduce your cost of living, and you know, bear markets come quickly in the blink of an eye pretty much, and when they come quickly are you able to now cut your expenses by twenty thirty or forty percent? I don't know if you can't so there, and I don't even want you to. Okay. That's the big point. Here is I don't want you to have to. And so therefore in our firm when we manage money for our clients, we have a strategy that we call by hold and protect okay? And this strategy is where tells us that when the trend has changed, and we don't like it anymore. And we believe the risk on the downside is greater than the upside. We tell you to get out of investments that represent that risk. So for example, in November in late November of two thousand seven we told our clients to sell all of their equities all their stock. Investments sell all of that get out now, and we told him to stay out for all of two thousand eight didn't say to buy until June of two thousand nine okay? So for a year and a half almost we were counting our clients to be out. And we saw the risk is being too great to participate, and we know the S and P went down fifty seven percent, not forty. I'm using forty an example. So it was even more damaging for many people in two thousand eight so the important thing and right now for for those of you who don't know we have counseled our clients to not be. Be in the stock market. And I know it's been going up, and it's all this stuff recently. But that's not unusual behavior in a bear market. Okay. So just because it's been going up does not give us any change in our viewpoint. We told our class to sell actually in December of last year. So my advice to you is that if you are retired or retiring soon. Go on our website, moneymatters dot net, moneymatters dot net. And when you're there you can learn about our beholden protect strategy..

Ken moraif Laos Better Business Bureau North Texas Better Business Bu Dan KFI kiplinger moneymatters NBA Mr. Mrs CEO Ned Davis salmon CEO president forty percent thirty seven percent
"texas better business bureau" Discussed on KTAR 92.3FM

KTAR 92.3FM

07:40 min | 2 years ago

"texas better business bureau" Discussed on KTAR 92.3FM

"FM yard guy. When stocks go, beware. Dan. And we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Spouses, go back. If Laos is go back to their spouses when their stock goes down, then boy two thousand and eight must have been a lot of family reunions. Anyway, sorry about this. I know it's a bit sending it's very silly. And not actually very funny because people suffered in two thousand eight now before I go step further. Let me make sure you know, who I am. I am Ken moraif. The host of money matters. With Ken moraif. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years in all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we now serve clients in forty three states, and we're very blessed to be able to do that. And for the second year in a row. Our firm moneymatters is was named as a finalist and in two thousand eighteen a winner of the Better Business Bureau ethics award. They have this award that they call the torch award for ethics and we wanted in the large companies category. And this is in the North Texas Better Business Bureau and. And that is a while. I was very very I didn't know I got, you know, they don't tell you. They tell you. You're you're a finalist, but they don't tell you you one they forced you to go to the thing and dress up and look nice and take your spouse. And then they found out we found out that we want. It was very very nice. And ethics. We believe is the most important thing your reputation and your ethics in all walks of life. Not just if you're a financial adviser, but in particular now because we specialize in retirement planning, we worked primarily with people who are retired or retiring soon. And so our focus is on preservation of what you spent your lifetime accumulating. Okay. So you've worked you save. You put money away you've done all that. And now you want to retire. You wanna have your second childhood without parental supervision. You want to go play and have fun, and you don't want to lose half your money or something like that. And cause yourself issues. So I wanna talk with you. This is actually write a blog for kiplinger. And there was a the the last one I wrote was on cash flow planning for retirees. Okay. And basically, I want you to think of your investments as you would the company that you worked for that gave you your wages. Okay. So once you retire if you need money from your investment investments to supple. Lament your your your cost of living to provide you with income to support. To pay for your cost of living. Then thinking of it as a wage that you're getting from your company, I think is very instructive. So your investments are a company you're running this company, and this company is generating profits, and it pays you away. So you invest your money. It gets you dividends and income and capital gains, and you and you distribute that to to supplement your retirement. So you're running this company. Right. So you're the CEO you're the president of this company, and this company has one customer that represents forty percent of your revenue, okay, which is bad planning on. But, but there are a lot of companies that that's the case they have one customer that is a vast majority. It's the biggest customer they have by far. So you have one customer that represents forty percent of all the revenue that your business provide gets, and this business is giving you the wages that you live on. Now, this customer leaves you they go to a competitor. And you lose forty percent of your revenue. What do you do, Mr.? Mrs CEO, would you do? Now. This question was asked when I was an MBA school by this guy by the name of salmon's, who's a billionaire. He came and talked a bunch of MBA students, and he asks us that question. You lose your best customer forty percent of your revenue is gone. What you do? And all these smart kids. You know, we're in there, we say, well, you get your salespeople out on the street and you start beating the drum right? Bang on doors. You increase your advertising, and he was like, Nope. Nope. You create a new marketing strategy a new sales strategy. Nope. Nope. And we went through it all no one can figure out what you're supposed to do. And you said, you know, what you do you cut your expenses? First thing you, do you gotta stop the bleeding. If your revenue went down by forty percent, you gotta cut your expenses commensurately because if your if your expenses continued to level they were before, and you don't have the revenue supported you will go out of business. That's. That same philosophy is what I believe is the case when you are retired your investments generate the income for you to live on if you lose forty percent of your revenue forty percent of the machine that's giving you that as in bear market where the average drop according to Ned Davis research is thirty seven percent, then you have to reduce your expenses commensurately when that happens. Okay. So when the next bear market calms God forbid, you lose forty percent of your money. Yes. Now, you have to do if you want to be a good business person and manage the business that is generating for you your retirement income you need to cut your expenses by that same forty percent. And you increase your expenses again until your revenue gets back up to where it could support that forty percent that you lost to you get that new customer again. So can you do that could you reduce your cost of living, and you know, bear markets come quickly in the blink of an eye pretty much, and when they come quickly are you able to now cut your expenses by twenty thirty or forty percent? I don't know if you can't so there, and I want you to okay. That's the big point here is I don't want you to have to. And so therefore in our firm when we manage money for our clients, we have a strategy that we call by hold and protect okay? And the strategies where tells us that when the trend has changed, and we don't like it anymore. And we believe the risk on the downside is greater than the. Upside we tell you to get out of investments that represent that risk. So for example, in November in late November of two thousand seven we told our clients to sell all of their equities all their stock. Investments sell all of that get out now, and we told him to stay out for all of two thousand and eight and didn't say to buy until June of two thousand nine okay? So for a year and a half almost we were counting our clients to be out. And we saw the risk is being too great to participate. And we know the SNP went down fifty seven percent, not forty. I'm using forty an example. So it was even more damaging for many people in two thousand eight so the important thing and right now for for those of you who don't know we have counseled our clients to not be in the stock market. And I know it's been going up, and it's all this stuff recently. But that's not unusual behavior in a bear market. Okay. So just because it's been going up does not give us any change in our viewpoint. We we told our clients to sell actually in in December of last year. So my advice to you is that if you are retired or retiring soon. Go on our website, moneymatters dot net, moneymatters dot net. And when you're there you can learn about our behold protect strategy. We have articles and videos, you can learn about a lot of other stuff that has to do with retirement planning. You can sign up for one of our seminars where you can.

Ken moraif Laos Better Business Bureau North Texas Better Business Bu Dan kiplinger moneymatters Mrs CEO Ned Davis CEO president forty percent thirty seven percent fifty seven percent
"texas better business bureau" Discussed on KLBJ 590AM

KLBJ 590AM

04:34 min | 2 years ago

"texas better business bureau" Discussed on KLBJ 590AM

"This is money matters with Ken moraif. And of course, I am your host Ken moraif. Spouses, go back. If Laos is go back to their spouses when their stock goes down, then boy two thousand eight must have been a lot of family reunions. Anyway, sorry about this. I know it's a bit silly. It's very silly. And not actually very funny because people suffered in two thousand eight now. Before I go step further. Let me make sure you know, who I am. I am Ken moraif. The host of money matters. With Ken moraif. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years, and all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we now serve clients in forty three states, and we're very blessed to be able to do that. And for the second year in a row. Our firm money matters is was named as a finalist and in two thousand eighteen a winner of the Better Business Bureau ethics award. They have this award that they call the torch award for ethics and we wanted in the large companies category. And this is the North Texas Better Business Bureau and. And that is allow I was very very, I didn't know I got, you know, they don't tell you. Right. They tell you, you're you're a finalist, but they don't tell you you one they forced you to go to the thing and dress up and look nice and take your spouse. And then they found out we found out that we wanted. It was very very nice. And ethics. We believe is the most important thing your reputation and your ethics in all walks of life. Not just if you're a financial adviser, but in particular now because we specialize in retirement planning, we work primarily with people who are retired or retiring soon. And so our focus is on preservation of what you spent your lifetime accumulating. Okay. So you've worked you saved you put money away you've done all that. And now you wanna retire? You wanna have your second childhood without parental supervision. You want to go play and have fun, and you don't want to lose half your money or something like that. And cause yourself issues. So I wanna talk with you. This is actually write a blog for kiplinger. And there was a the the last one I wrote was on cash flow planning for retirees. Okay. And basically, I want you to think of your investments as you would the company that you worked for that gave you your wages. Okay. So once you retire if you need money from your investment investments to supplement. Lament your your your cost of living to provide you with income to support. To pay for your cost of living. Then thinking of it as a wage that you're getting from your company, I think is very instructive. So your investments are a company you're running this company, and this company is generating profits, and it pays you away. So you invest your money. It gets you dividends and income and capital gains, and you and you distribute that to to supplement your retirement. So you're running this company. Right. So you're the CEO you're the president of this company, and this company has one customer that represents forty percent of your revenue, okay, which is bad planning on. But, but there are a lot of companies that that's the case they have one customer that is a vast majority. It's you know, it's the biggest customer they have by far. So you have one customer that represents forty percent of all the revenue that your business provide gets, and this business is giving you the wages that you live on. Now, this customer leaves you they go to a competitor. And you lose forty percent of your revenue. What do you do Mr. MRs CEO? Would you do? Now. This question was asked when I was in MBA school by guy by the name of salmon's, who's a billionaire. He came and talked a bunch of NBA students and he asked that question. You lose your best customer forty percent of your revenue is gone. What do you do? And all of these smart kids. You know, we're in there, we say, well, you get your salespeople out on the street, and you start beating the drum bang on doors you increase your advertising, and he was like, Nope. Nope. You create a new marketing strategy new sales strategy. Nope. Nope. And we went through it all no one can figure out what you're supposed to do. And he said, you know, what you do you cut your expenses? First thing you do you got to stop the bleeding? If your revenue went down by forty percent, you gotta cut your expenses commensurately because if your if your expenses continued to level they were before, and you don't have the revenue supported you will go out of business. That's. That same.

Ken moraif Better Business Bureau Laos North Texas Better Business Bu Mr. MRs CEO kiplinger NBA president forty percent
"texas better business bureau" Discussed on KTRH

KTRH

02:15 min | 2 years ago

"texas better business bureau" Discussed on KTRH

"State. Wants to wallow in champagne crank does it way. Better than me. That's all I have to say, you know, I may be a good singer in the shower in my own head, but Frank he's got me beat all the way round. Anyway, we are back. This is money matters with Ken moraif. And of course, I am your host can. Thank you, Jack. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years, and all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and since we affirmed that specializes in retirement planning, our clients are mostly people who are over fifty who are retired or retiring soon. And if that's you then this show is designed for you. And we would love to meet with you if you are so inclined you can go to our website money matters dot net. And we have podcasts and videos articles information that we think will help you achieve your financial goals. And also if you'd like to meet with us, you had the opportunity to do that too. So money matters dot net is our website. This is the part of the and and actually, you know, I would just want to say so for the second year in a row. Our firm money matters with Ken moraif. We were a finalist in two thousand seventeen and we're a winner in two thousand eighteen of the north central Texas Better Business Bureau torch awards for ethics which is a mouthful try saying that three times in a row. And so obviously, the Better Business Bureau is not endorsing us as a financial adviser. But are, you know, one of the things that we take very seriously and think is extremely important is to be ethical, and we tried to go out of our way to be ethical in everything that we do. And so to have the Better Business Bureau. Give us the ethics award for a large company, we found out to be very gratifying, and we're very thankful for that. Okay. So let's talk about passing onto your, greedy. Unwashed undeserving airs, the fruits of your labor this estate planning and part of the strategies of estate planning is gift pack is gifting right giving away stuff to reduce the size of your estate. And they're. Before reduced amount of taxes that you. Oh. And so I want to go over with you the gift tax rules for two thousand nineteen because if you give stuff away the IRS..

Better Business Bureau Ken moraif Texas Better Business Bureau Frank IRS Jack
"texas better business bureau" Discussed on 790 KABC

790 KABC

02:41 min | 2 years ago

"texas better business bureau" Discussed on 790 KABC

"Be a millionaire. Flashy flunkies everywhere. Country state. Wants to champagne ranked does it way better than me. That's all I have to say, you know, I may be a good singer in the shower in my own head, but Frank he's got me beat all the way round. Anyway, we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and since we are a firm that specializes in retirement planning, our clients are mostly people who are over fifty who are retired or retiring soon, if that's you. Then this show is designed for you. And we would love to meet with you. If you are so inclined you can go to our website moneymatters dot net. And we have podcasts and videos articles information that we think will help you to achieve your financial goals. And also if you'd like to meet with us, you had the opportunity to do that too. So moneymatters dot net is our website. This is the part of an and actually, you know, I would just want to say for the second year in a row. Our firm money matters with Ken moraif. We were a finalist in two thousand seventeen and we're a winner in two thousand eighteen of the north central Texas Better Business Bureau torch awards for ethics which is a mouthful try saying that three times in a row. And so obviously, the Better Business Bureau is not endorsing us as a financial adviser. But we're one of the things that we take very seriously and think extremely important is to be ethical, and we tried to go out of our way to be ethical in everything that we do. And so to have the Better Business Bureau, give us the ethics award for a large company, we found out to be very gratifying, and we're very thankful for that. Okay. So now, let's talk about passing onto your, greedy. Unwash- undeserving airs the fruits of your labor. This is called estate planning and part of the strategies of estate planning is gift pack is gifting right giving away stuff to reduce the size of your estate. And they're. Four reduced the amount of taxes that you low. And so I want to go over with you the gift tax rules for two thousand nineteen because if you give stuff away the IRS. Yeah. Those guys they wanna tax it believe it or not they want to tax your gifts. And so we don't want that to happen to you. So we're gonna talk about gifting tax rules and all that. But first Jack can you play it?.

Ken moraif Better Business Bureau Texas Better Business Bureau Jack Frank Country state IRS
"texas better business bureau" Discussed on KTRH

KTRH

02:43 min | 2 years ago

"texas better business bureau" Discussed on KTRH

"To be a millionaire. Flashy flunkies everywhere. Country. Wants to wallow in champagne crank does it way. Better than me. That's all I have to say, you know, I may be a good singer in the shower in my own head, but Frank he's got me beat all the way round. Anyway, we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I've been a certified financial planner professional for the last twenty marvelous wonderful, very exciting years, and all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and since we are affirmed that specializes in retirement planning, our clients are mostly people who are over fifty who are retired or retiring soon. And if that's you then this show is designed for you. And we would love to meet with you if you are so inclined you can go to our website money matters dot net. And we have podcasts and videos articles information that we think will help you to achieve your financial goals. And also if you'd like to meet with us, you had the opportunity to do that too. So money matters dot net is our website. This is the part of an and actually, you know, I would just want to say, so you know, for the second year in a row our firm money matters with Ken moraif. We were a finalist in two thousand seventeen and we're a winner in two thousand eighteen of the north central Texas Better Business Bureau torch awards for ethics. Which is a mouthful try saying that three times in a row. And so obviously, the Better Business Bureau is not endorsing us as a financial adviser. But we are, you know, one of the things that we take very seriously and think is extremely important is to be ethical, and we tried to go out of our way to be ethical in everything that we do. And so to have the Better Business Bureau, give us the ethics award for a large company, we found out to be very gratifying, and we're very thankful for that. Okay. So now, let's talk about passing onto your, greedy. Unwashed undeserving airs the fruits of your labor. This is called estate planning and part of the strategies of estate planning is a gift pack, is is gifting right giving away stuff to reduce the size of your estate and therefore reduced amount of taxes that you'll low, and so I want to go over with you the gift tax rules for two thousand nineteen because if you give stuff away the IRS. Yeah. Those guys they want tax it believe it or not they want tax your gifts. And so we don't want that to happen to you. So we're gonna talk about gifting tax rules and all that. But first Jack can you play it?.

Better Business Bureau Ken moraif Texas Better Business Bureau Jack Frank IRS
"texas better business bureau" Discussed on 790 KABC

790 KABC

02:20 min | 2 years ago

"texas better business bureau" Discussed on 790 KABC

"Country. Wants to wallow in champagne crank does it way. Better than me. That's all I have to say, you know, I may be a good singer in the shower in my own head, but Frank he's got me beat all the way round. Anyway, we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I've been a certified financial planner professional for the last twenty marvelous wonderful in very exciting years, and all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and since we are a firm that specializes in retirement planning, our clients are mostly people who are over fifty who are retired or retiring soon. And if that's you then this show is designed for you. And we would love to meet with you if you are so inclined you can go to our website money matters dot net. And we have podcasts and videos articles information that we think will help you to achieve your financial goals. And also if you'd like to meet with us, you had the opportunity to do that too. So moneymatters dot net is our website. This is the part of an and actually, you know, I would just want to say for the second year in a row. Our firm money matters with Ken moraif. We were a finalist in two thousand seventeen and we're a winner in two thousand eighteen of the north central Texas Better Business Bureau torch awards for ethics which is a mouthful try saying that three times in a row. And so obviously, the Better Business Bureau is not endorsing us as a financial adviser. But we are one of the things that we take very seriously and think is extremely important is to be ethical, and we tried to go out of our way to be ethical in everything that we do. And so to have the Better Business Bureau, give us the ethics award for a large company, we found out to be very gratifying, and we're very thankful for that. Okay. So now, let's talk about passing onto your, greedy. Unwashed undeserving airs the fruits of your labor. This is called estate planning and part of the strategies of estate planning is gift pack is gifting right giving away stuff to reduce the size of your estate. And they're. Four reduced amount of taxes that you and so I want to go over with you the gift tax rules for two thousand nineteen because if you give stuff away the IRS. Yeah..

Better Business Bureau Ken moraif Texas Better Business Bureau Frank IRS Jack
"texas better business bureau" Discussed on KLBJ 590AM

KLBJ 590AM

02:45 min | 2 years ago

"texas better business bureau" Discussed on KLBJ 590AM

"To be a millionaire. Flashy flunkies everywhere. Country. Wants to wallow in champagne ranked does it way better than me. That's all I have to say, you know, I may be a good singer in the shower in my own head, but Frank he's got me beat all the way round. Anyway, we are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talked about with our beloved and most valued clients, and since we are a firm that specializes in retirement planning, our clients are mostly people who are over fifty who are retired or retiring soon. And if that's you then this show is designed for you. And we would love to meet with you if you are so inclined you can go to our website moneymatters dot net. And we have podcasts and videos articles information that we think will help you to achieve your financial goals. And also if you'd like to meet with us, you had the opportunity to do that too. So moneymatters dot net is our website. This is the part of the an and actually, you know, I would just want to say for the second year in a row. Our firm money matters with Ken moraif. We were a finalist in two thousand seventeen and we're a winner in two thousand eighteen of the north central Texas Better Business Bureau torch awards for ethics which is a mouthful try saying that three times in a row. And so obviously, the Better Business Bureau is not endorsing us as a financial adviser. But we are one of the things that we take very seriously and think is extremely important is to be ethical, and we tried to go out of our way to be ethical in everything that we do. And so to have the Better Business Bureau, give us the ethics award for a large company, we found out to be very gratifying, and we're very thankful for that. Okay. So now, let's talk about passing onto your, greedy. Unwash- undeserving airs the fruits of your labor. This is called estate planning and part of the strategies of estate planning is gift pack is gifting right giving away stuff to reduce the size of your estate. And they're. Before reduced amount of taxes that you low. And so I want to go over with you the gift tax rules for two thousand nineteen because if you give stuff away the IRS. Yeah. Those guys they want to tax it believe it or not they want tax your gifts. And so we don't want that to happen to you. So we're gonna talk about gifting tax rules and all that. But first Jack can you play it? No I'd go.

Better Business Bureau Ken moraif Texas Better Business Bureau Jack Frank IRS