Episodit
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Discover why focusing solely on your business could put your personal financial security at risk—and learn the strategy that keeps you financially safe, whether your business thrives or not.
In this episode, we reveal:
The #1 reason businesses fail (hint: it’s not a lack of passion or a bad product). Why your business shouldn’t be your only retirement plan. The power of margins in life and business—how to create space for financial security and joy. Our personal story of making a crucial mistake early on and how we pivoted to build lasting personal wealth. How a parallel growth strategy can help you thrive in both business and personal finance.This episode is perfect for entrepreneurs who want to build wealth beyond their business. Whether you’re just starting out, looking to diversify your income, or preparing for a secure retirement, this episode will show you how to protect your financial future without sacrificing your business goals.
Listen now to learn how to create a personal financial safety net, avoid burnout, and achieve long-term success. And keep an ear out for a fun nerd reference that ties everything together!
00:00 Introduction: Beyond Business Success
01:30 The Importance of Personal Wealth
02:43 Understanding Margins in Life and Business
05:06 Real-Life Examples and Lessons
07:28 Parallel Growth Strategy
10:01 Addressing Common Objections
13:15 Conclusion and Next Steps
Links mentioned in the show:
Reserve your spot in Wealth Wisdom Week here: https://wealthwisdomfp.com/seminar Apply for the Profit Planning Network here: https://wealthwisdomfp.com/ppn Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/communityWatch on YouTube here: https://youtu.be/kKDZfCXOEqs
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Discover why 45% of businesses fail in the first 5 years (hint: it's not about your product or service) and learn the revolutionary system that's helping entrepreneurs break free from the feast-or-famine cycle.
In this episode, we reveal:
Why traditional budgeting is setting you up for failure A counterintuitive approach that makes profit inevitable, not optional The simple 5-account system that eliminates financial anxiety Our personal journey from financial stress to confidence using this methodPerfect for: Business owners who hate budgeting but know they need better financial control. Whether you're barely making ends meet or ready to scale, this episode shows you how to finally master your numbers without becoming an accountant.
Listen now to transform your relationship with business finances and break free from the failure statistics. Be sure to catch the Star Trek reference!
00:00 Introduction to Financial Freedom
00:28 Debunking Profit First Misconceptions
01:25 Welcome to Wealth Wisdom Financial Podcast
02:03 Celebrating Small Businesses
02:57 The Importance of Simple Financial Systems
03:41 Understanding Profit First
07:27 Applying Profit First Principles
16:53 Overcoming Common Objections
24:37 Join the Profit Planning Network
26:02 Wealth Wisdom Week Announcement
27:13 Conclusion and Call to Action
Links mentioned in the show:
Reserve your spot in Wealth Wisdom Week here: https://wealthwisdomfp.com/seminar Apply for the Profit Planning Network here: https://wealthwisdomfp.com/ppn Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/communityWatch on YouTube here: https://youtu.be/Cz1pNz_hl40
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Ever wonder if your business is truly aligned with your life's calling? What if your entrepreneurial journey was more than just making money? What if your business fulfilled your destiny?
In this episode we're diving deep into the secret sauce of your "financial DNA" - that perfect blend of your life's purpose, your money story, and your path to profitability. Spoiler alert: it's about way more than just cashing those checks.
Now, we know what you're thinking - "But what about the bottom line?" Don't worry, the Wealth Wisdom crew has got you covered. They're here to show you that purpose and profit are not mutually exclusive. In fact, when you're truly aligned with your calling, you're more likely to persist through challenges and find innovative ways to be profitable.
So, are you ready to decode your financial DNA and build a business that truly reflects who you are and what you're meant to do?
00:00 Introduction: Aligning Business with Life's Calling
00:47 Welcome to Wealth Wisdom Financial Podcast
01:26 Celebrating Small Businesses
01:48 Decoding Your Financial DNA
04:23 Recognizing Your Calling
05:23 Decoding Your Money Story
05:42 Pursuing Profitability
08:08 Personal Story: Going All In
11:59 Purpose AND Profit
13:00 Profit Planning Network
14:55 Conclusion and Call to Action
Links mentioned in the show:
Apply for the Profit Planning Network here: https://wealthwisdomfp.com/ppn Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/communityWatch on YouTube here: https://youtu.be/bkrvFhViI80
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Is your small business feeling the weight of the world on its shoulders? Newsflash - you don't have to go it alone! In this must-see episode, we're unveiling the not-so-secret superpower that can transform your entrepreneurial journey: the power of collaboration.
Small businesses are the backbone of the American economy, but the statistics are sobering - 45% fail in the first 5 years, and over half don't make it to the 10-year mark. The good news? We've uncovered a game-changing piece of advice from successful business owners: "Never do anything alone."
When you team up with mentors, fellow entrepreneurs, and even your target customers, the burden gets lighter, the ideas get bigger, and the chances of success skyrocket. Just ask us - we managed to cut our startup costs in half by leveraging our "Set Up Shop Committee"!
And if you're not a small business owner yourself, don't worry. We're serving up all the juicy details on how you can support your local entrepreneurial community in ways that create a win-win for everyone.
This episode is about to shift your small business mindset from stressed and isolated to empowered and connected.
Whether you run a mom-and-pop shop or just want to champion the entrepreneurial spirit in your neighborhood, you won't want to miss these must-try strategies for harnessing the power of collaboration. Trust us, your business (and your sanity) will thank you.
00:00 Introduction: The Power of Collaboration
00:25 Small Business Saturday: Mark Your Calendars
01:18 Welcome to Wealth Wisdom Financial Podcast
01:56 Celebrating Small Businesses: You Don't Have to Go It Alone
02:45 The Reality of Small Businesses in the US
04:53 The Importance of Collaboration in Entrepreneurship
05:45 Our Personal Journey: From Isolation to Collaboration
09:40 How Non-Business Owners Can Support Small Businesses
13:54 Challenge: Strengthening Community Through Support
14:36 Join the Profit Planning Network
15:49 Conclusion: Building Wealth and Wisdom Together
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/communityWatch on YouTube: https://youtu.be/GuCsvW08WVQ
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Have you ever felt torn between your desire to give generously and your need to maintain financial stability?
Watch as we unpack how combining strategic giving with sound financial practices creates a powerful formula for lasting impact and personal stability.
Are you ready to revolutionize your approach to generosity? It's time to learn how pre-decisions, boundary setting, and high-impact giving strategies could be the missing pieces in your giving puzzle.
Don't let your generous heart lead to financial strain - join us for this transformative episode that goes beyond basic charitable giving tips!
Your legacy of generosity (and your financial future) might just depend on it! 🌟
00:00 Introduction: The Balance Between Generosity and Self-Care
01:56 Personal Story: Lessons in Generosity
03:38 The Big Idea: True Generosity Starts with Self-Care
04:59 Practical Tips for Sustainable Giving
07:24 Take the Next Step: Financial Freedom Awaits
09:06 Setting Financial Boundaries
11:55 Giving Time and Skills
13:51 Generosity and Self-Care: A Symbiotic Relationship
15:14 The Flow of Money
17:06 Conclusion and Next Steps
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for our 15 Generosity + Self-Care Affirmations and more practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/community -
Is your legacy plan secretly working against your family's future?
Watch as we unpack the multi-trillion-dollar wealth transfer reshaping America's financial landscape - and why traditional inheritance planning might set your family up for failure!
Have you ever wondered why some families maintain their wealth for generations while others lose it all by the third generation? The answer is not luck — it's strategic legacy planning.
Are you ready for a masterclass in family wealth preservation? It's time to learn how the proper legacy planning framework could be the missing piece in your family's financial future.
Don't let your life's work become a family burden - join us for this transformative episode that goes beyond the basics of estate planning.
Your family's future harmony might just depend on it! 🌟
00:00 Introduction
02:26 The Great Wealth Transfer
04:27 The Case for Leaving a Legacy
07:34 Finding a Middle Ground
08:56 Planning for Your Financial Future
09:37 Top Considerations for Legacy Planning
12:25 Common Mistakes in Legacy Planning
14:08 Tailoring Your Legacy Plan
14:51 Resources and Final Thoughts
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Get a copy of our Estate Planning Checklist here: https://zfrmz.com/D63O2f4YSFhWE4gI3NmR Find the "10 Questions to Ask to Set Legacy Goals" inside the Wealth Wisdom Financial Community here: https://www.wealthwisdomfp.com/communityWatch on YouTube here: https://youtu.be/b7D4qTO5RqA
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Have you ever considered that the secret to easing financial stress could be rooted in kindness?
Join us as we reveal how combining four unconventional financial strategies can create a compounding effect of kindness and reduced stress. (kind of like how compound interest grows wealth over time)
Are you ready for a masterclass in financial wisdom? It's time to learn how every small action can have massive results.
Let's transform your finances and the world around you with kindness and simplicity. Don't miss this game-changing episode!
00:00 Introduction to Financial Strategies for Reducing Stress
02:23 Understanding the Power of Compounding
06:46 Unconventional Financial Concepts for a Better World
10:18 Introducing the Gratitude Bank
12:02 Integrating Financial Strategies
13:38 Addressing Skepticism and Concerns
16:32 Cultivating Gratitude in Stressful Times
19:41 Conclusion and Next Steps
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/communityWatch on YouTube: https://youtu.be/nWKPoazYS_E
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What if we told you that your financial strategies are working against each other, sabotaging your wealth-building efforts? (Spoiler alert: For many, they are!)
Watch as we reveal how combining 5 powerful financial concepts can create a synergy that supercharges your personal and business finances.
Have you ever wondered why some entrepreneurs seem to effortlessly grow their wealth while others struggle? Or why your colleague Mark's business is thriving while everyone else is barely staying afloat? It's not luck - it's strategy.
Are you ready for a masterclass in financial integration? It's time to learn how Bank on Yourself, Profit First, EOS, YNAB, and the STILL Method could be the missing pieces in your financial puzzle. Understanding and implementing these crucial elements lets you take control of your money like never before!
PS: For a limited time, get our book "Five Smooth Stones" at 50% off to jumpstart your journey with the STILL Method. Use code OCTOBER at our shop (link below). Hurry, offer ends October 14th at midnight! Our shop (for the book deal): https://www.wealthwisdomfp.com/shop
Links mentioned in the show:
Our shop (for the book deal): https://www.wealthwisdomfp.com/shop (use code OCTOBER) Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community Learn more about how Profit First and Bank On Yourself works together: on our show here https://youtu.be/ll98hpdj_ZI and on another show here: https://nyafinancialpodcast.com/episode-368-a-better-way-to-profit-first-with-mike-michalowicz/00:00 Introduction: Combining Financial Strategies for Success
01:21 Welcome to Wealth Wisdom Financial Podcast
02:14 The Problem with Disjointed Financial Strategies
03:31 Overview of Key Financial Concepts
06:22 Combining Financial Strategies for Maximum Impact
10:03 Addressing Common Concerns and Implementation Tips
15:37 Special Offer and Conclusion
Watch on YouTube here: https://youtu.be/Nqri8fihmSE
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What if we told you that your bank balance is lying to you about how rich you really are? (Spoiler alert: For many, it is!)
Watch as we pull back the curtain on the 5 crucial puzzle pieces of true wealth that are helping savvy individuals live richer, more fulfilling lives.
Have you ever wondered why some people seem content despite modest bank accounts? Or why your neighbor Sarah is thriving while everyone else is chasing the next dollar? It's not luck - it's strategy.
Are you ready for a crash course in redefining wealth? It's time to learn how health, relationships, purpose, personal growth, and time could be the missing pieces in your wealth puzzle. Understanding and planning for these crucial elements lets you take control of your life's true riches!
ps: Next week's episode we'll show you how to align your finances with these 5 puzzle pieces. Don't miss it!
Links mentioned in the show:
A previous episode about defining wealth: https://youtu.be/K-REYOnpd34?si=VIEbU83NIhu7oIKp Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community (This is where you get our Holistic Wealth Planner too!)00:00 Introduction: Beyond the Numbers
00:51 The Bigger Picture of Wealth
02:36 Five Puzzle Pieces of True Wealth
04:13 Puzzle Piece 1: Health
05:58 Puzzle Piece 2: Relationships
08:20 Puzzle Piece 3: Purpose
10:18 Puzzle Piece 4: Personal Growth
12:03 Puzzle Piece 5: Time
15:18 Holistic Wealth and Financial Planning
Watch this episode on YouTube here: https://youtu.be/ZhVW59vkHZc
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Unlock the secrets of financial resilience with our latest episode! We're diving deep into the money vaults of history to extract golden nuggets of wisdom that can fortify your finances today.
In this episode, you'll discover:
• The "Three R's of Recession Resilience" that have stood the test of time
• How your great-grandparents' Depression-era tricks can beef up your modern budget
• Why the 2008 financial crisis might hold the key to your side-hustle success
• Inflation-fighting strategies from the 1970s that still pack a punch today
• The surprising parallels between 1929's market crash and today's economic challenges
Plus, we'll reveal:
• How to build a financial emergency kit that would make a Depression-era survivor proud
• The "Victory Garden" approach to diversifying your income streams
• Why becoming the "Renaissance Person" of your finances could be your recession superpower
Whether you're a seasoned investor or just starting your financial journey, this episode is packed with actionable strategies to help you weather economic storms. Don't let history repeat itself – learn from it instead!
00:00 Introduction to Timeless Financial Wisdom
00:36 Welcome to Wealth Wisdom Financial Podcast
01:14 Exploring Financial Fortitude and Resilience
01:46 Learning from Past Financial Crises
03:05 Special Invitation: Transform Your Financial Future
05:37 The Three R's of Recession Resilience
05:40 Reserves: The Power of Cash Savings
08:20 Reduce: Living Lean and Building Relationships
10:35 Reinvent: Diversifying Income Streams
15:56 Conclusion and Next Steps
Links mentioned in the show:
🔹 Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call
🔹 Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community
Watch on YouTube here: https://youtu.be/52Q6tKBuSc
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What if we told you that your 401(k) might be more of a rollercoaster than a reliable retirement vehicle? (Spoiler alert: For many, it is!)
Watch as Brandon and Amanda pull back the curtain on a little-known financial tool that's helping savvy retirees sleep better at night.
Have you ever wondered how some people seem unfazed by market crashes? Or why your neighbor Bob is grinning while everyone else is panicking? It's not luck - it's strategy.
Are you ready for a crash course in retirement security? It's time to learn how fixed index annuities could be the missing piece in your financial puzzle.
Wall Street doesn't want you to know about this. By understanding it, you can take control of your retirement destiny!
Tune in and secure your financial future!
(P.S. Bengals fans, we promise our financial advice is more accurate than our football b-roll. Unlike that mishap, we won't fumble your retirement!)
00:00 Introduction to Financial Resilience
00:41 Welcome to Wealth Wisdom Financial Podcast
01:19 Zooming in on Retirement Strategy
02:51 Understanding Fixed Index Annuities
04:46 The Importance of Annuities in Retirement
05:34 Real-Life Example: Bob and Sue
06:31 Commercial Break
07:25 Debunking Annuity Myths
08:35 Key Attributes of Good Annuities
10:56 Conclusion and Next Steps
Watch on YouTube here: https://youtu.be/Sk-eu85GYiM
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community -
Are you tired of watching your hard-earned money crumble in the face of economic uncertainty?
Watch as we reveal the strategy that transformed our financial future - and it has nothing to do with the stock market rollercoaster.
Prepare to have your perspective on financial planning flipped upside down. Are you ready to learn more about Bank on Yourself®? Forget about chasing the latest investment fads; this strategy is designed to help weather financial storms.
Don't settle for a leaky financial foundation. Watch this episode to discover how you can take back control of your future.
00:00 Introduction to Financial Resilience
00:34 Welcome to Wealth Wisdom Financial Podcast
01:28 Understanding Financial Fortitude and Resilience
02:43 Personal Stories of Financial Challenges
04:14 Building Financial Resilience with Bank on Yourself
05:53 Our Journey with Bank on Yourself
08:07 Overcoming Financial Crises
10:56 Exploring the Benefits of Bank on Yourself
15:35 Conclusion and Next Steps
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community Learn more about Bank On Yourself®: https://youtu.be/14kSzNqGWbM -
Have you ever wondered why some businesses thrive while others struggle? Or why being agile in today's economy is more crucial than ever?
It's not random. Specific principles drive savvy entrepreneurs to stay ahead.
Are your business strategies truly effective, or are you being held back by outdated financial wisdom?
What if we told you that a single conversation could radically transform your approach to wealth building? (Spoiler alert: It did for hosts Brandon and Amanda!)
Watch as Perry Marshall, a renowned business consultant, unveils game-changing insights. It's time to learn how the 80/20 rule, strategic thinking, and building excess capacity can revolutionize your business approach.
Are you ready for a crash course in 21st century wealth wisdom?
Tune in and unlock your true wealth-building potential!
00:00 Life-Changing Conversation with Perry Marshall
01:07 Introduction to Wealth Wisdom Financial Podcast
02:15 Meet Perry Marshall: From Audio Geek to Marketing Guru
10:19 The Power of 80/20 Principle in Business and Life
14:00 Navigating the Digital World: 90/10 and Beyond
17:35 The Agility Decade: Preparing for a Volatile Future
28:14 The Importance of Thinking and Deliberate Practice
32:47 Attracting the Right Audience
33:33 Critique of 'Think and Grow Rich'
34:08 The Iceberg Analogy
34:48 Mastermind Group Insights
36:55 Lessons from Google Ads and Infomercials
38:58 The Importance of Diversification
41:35 Break Glass in Case of Emergency
45:28 Financial Resilience and Agility
51:06 Final Thoughts and Encouragement
Watch on YouTube here: https://youtu.be/WKXbc3jHBBE
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community Watch our previous episode about adaptability: https://youtu.be/UjCMEY_GNOo GET THE BEST FROM PERRY MARSHALL HERE: https://www.perrymarshall.com/8020-book/ -
Are you unwittingly falling for financial fads that could derail your wealth?
What if we told you that some of history's brightest minds have been duped by financial manias? (Spoiler alert: Even Sir Isaac Newton wasn't immune!)
Have you ever wondered how Ponzi schemes still manage to fool people? Or why seemingly rational investors get caught up in the dot-com frenzy? These aren't just isolated incidents - they're driven by timeless quirks in human psychology.
From the South Sea Bubble of 1720 to the more recent Bitcoin boom, we're about to show you how understanding these historical patterns can help you make smarter financial decisions today.
Tune in to learn how to spot red flags, diversify wisely, and implement strategies like Bank On Yourself. Don't let your brain sabotage your wealth - listen now and safeguard your financial future!
00:00 Newton's Financial Folly
00:58 Historical Financial Fads and Scams
03:15 Welcome to Wealth Wisdom Financial Podcast
07:37 Practical Tips to Avoid Financial Fads
15:52 Bank On Yourself: Scam or Strategy?
19:40 Conclusion and Final Thoughts
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/communityWatch on YouTube here: https://youtu.be/o8HBE5fe9D4
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Are your financial decisions truly your own, or are you being puppeteered by hidden psychological forces?
What if we told you that your brain might be your biggest obstacle to financial success? (Spoiler alert: It probably is.)
Watch as Amanda pulls back the curtain on behavioral economics. Have you ever wondered why you impulse-buy things you don't need? Or why you might feel tempted to sell all your stocks when the market takes a downturn? These aren't just random choices - they're driven by specific quirks in how our brains process financial information and risk.
Are you ready for this quick, but crucial, history lesson on behavioral economics? It's time to learn how these discoveries revolutionized our understanding of financial decision-making.
Others use these discoveries to get you to do what they want. By learning them, you can take more control of your financial destiny!
Tune in and take charge of your financial future!
00:00 Introduction: The Allure of Investment Opportunities
01:19 Welcome to Wealth Wisdom Financial Podcast
02:19 Meet Amanda Neely: Your Financial Psychology Guide
04:33 The Birth of Behavioral Economics
11:42 Cognitive Biases: The Hidden Forces in Financial Decisions
16:49 How Financial Advisors Exploit Biases
24:00 Join the Wealth Wisdom Financial Community
25:43 Conclusion: Outsmarting Financial Biases
Links mentioned in the show:
Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community -
Which is more important to being more financially responsible: (1) the daily expense or (2) the major financial decision?
Is penny-pinching and skipping small treats the key to financial freedom? Or, could it be that, if you get large expenses figured out, you can let the small things take care of themselves?
What if there's a middle ground with way less guilt and shame?
Don't worry, this episode isn't "stop buying lattes and you could be a millionaire." Yet, there is real, eye-opening math and an approach to money where you can secure your financial dreams AND enjoy life's small pleasures along the way.
Ready to take a moment to smell the roses (or maybe the rose-flavored, direct-trade latte from your locally-owned shop). Stop "frugal fatigue." Ask for that raise. Start that side hustle. You can make your financial journey worth living.
In this episode, we hope you find more joy! Jump in now.
00:00 Introduction to 'Don't Sweat the Small Stuff'
00:27 The Latte Factor Explained
01:28 Welcome to Wealth Wisdom Financial Podcast
02:28 Personal Stories and Financial Lessons
03:42 Debunking Conspiracy Theories
05:37 Comparing Financial Decisions
13:39 Psychological Impact of Financial Choices
20:09 Conclusion and Final Thoughts
Links mentioned in the episode:
Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/callWatch on YouTube here: https://youtu.be/Q4Z7KD58PGo
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Are you intrigued by the hidden impact of fees on your retirement savings? Do you want to uncover the truth about compound interest's 'sneaky dark side'? Watch as Amanda and Brandon expose 5 key places where hidden fees might be lurking in your financial plans.
They debunk the myths around compound interest and reveal how even small fees can devour a significant portion of your nest egg over time. Are you ready to learn about the real effects of fees on various financial strategies, including market investments, annuities, and whole-life insurance policies?
It's time to take control of your financial future! This episode provides the insights you need to make informed decisions about your retirement savings. Don't let hidden fees silently erode your hard-earned wealth! Empower yourself with the knowledge to spot and minimize these sneaky costs, and set yourself on the path to a more secure financial future.
00:00 Introduction to Compound Interest
00:19 The Dark Side of Compounding
01:06 Welcome to Wealth Wisdom Financial Podcast
01:44 Understanding the Fee Apocalypse
03:24 Identifying Hidden Fees
04:13 Five Places to Find Fees
07:42 The Importance of Fee Awareness
08:50 Real-Life Fee Impact Examples
12:11 Calculating the True Cost of Fees
18:51 Analyzing 35 Years of Investment Returns
19:20 Impact of Fees on Investment Growth
22:34 Exploring Annuities as an Alternative
25:53 Whole Life Policy: A Different Approach
30:37 Final Thoughts and Summary
Watch on YouTube here: https://youtu.be/Xjvlf6NuvtA
Links mentioned in the episode:
Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call Check the expense ratio of funds: https://tools.finra.org/fund_analyzer/ The reasons why 401ks are a scam: https://www.bankonyourself.com/six-reasons-401k-scam.html In-depth look at 401k fees: https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/resource-center/publications/a-look-at-401k-plan-fees.pdf Information on Retirement plans: https://www.dol.gov/general/topic/retirement/consumerinfpension -
Are you curious about Infinite Banking? Do you want to sort the facts from fiction? Then watch as Amanda and Brandon address the 8 common misconceptions about the Infinite Banking concept. They debunk myths such as Infinite Banking being a get-rich-quick scheme, only for the wealthy, or a new and unproven concept.
It's time to learn more about tax benefits, policy growth, and how Infinite Banking fits into a comprehensive financial plan! Whether skeptical or intrigued, this episode provides the clarity you need to make informed decisions about your personal and business finances.
Don't let misinformation cloud your judgment and hold you back from financial freedom!
00:00 Welcome to Wealth Wisdom Financial Podcast
02:35 Common Misconceptions: Infinite Banking
03:25 Misconception 1: It's a Get Rich Quick Scheme
05:12 Misconception 2: It's the Same as Whole Life Insurance
06:41 Misconception 3: It's Only for the Wealthy
08:51 Misconception 4: It Replaces All Other Investments
10:01 Misconception 5: The Returns are Guaranteed
12:43 Misconception 6: It's Completely Tax-Free
14:42 Misconception 7: It's a New or Unproven Concept
16:14 Misconception 8: It Eliminates the Need for Traditional Banking
18:37 Conclusion and Next Steps
Links mentioned in the episode:
Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call Check out our past episode about using banks for your convenience rather than theirs: https://youtu.be/aeBP8qtSFQ8 -
Do you ever wonder:
How does the Infinite Banking concept fit into a comprehensive financial plan? Is it similar to or different from a traditional or a conventional financial method? How does it work with more conventional methods? Who does it work best for? How much should someone put into their policy?Join Amanda Neely, CFP® as she answers these 5 questions generated by AI on how and how NOT to incorporate high-cash-value, dividend-paying whole life insurance into a financial plan.
Yes, there's even a mention of Gandalf!
00:00 Welcome to Wealth Wisdom Financial Podcast
03:15 The Importance of Assumptions in Financial Planning
06:08 Traditional vs. Conventional Financial Planning
08:51 Integrating Infinite Banking with Other Strategies
10:55 Who Benefits Most from Infinite Banking?
14:55 Opportunity Costs and Financial Decision Making
19:15 Personal Experiences with Infinite Banking
Links mentioned in the episode:
Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/callWatch on YouTube here: https://youtu.be/nkcY_oZoYQE
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Curious why Infinite Banking is becoming more and more popular? Ready to learn more about Infinite Banking?
Join our in-house Authorized IBC Practitioner Brandon Neely as he tackles burning questions about this trending financial strategy.
Questions Include:
▶︎ Why is Infinite Banking gaining massive popularity?
▶︎ How is it stacking up against traditional savings methods?
▶︎ How can you know the potential pitfalls you need to avoid?
Get ready for the answer to all these questions as Brandon reveals how to assess if Infinite Banking aligns with your personal goals.
Don't miss this chance to revolutionize your financial future - watch now and discover if Infinite Banking could be your key to unlocking unprecedented wealth!
00:00 Introduction and Setup
01:44 Question 1: Why is Infinite Banking Gaining Popularity?
03:18 Question 2: Infinite Banking vs Traditional Strategies
05:37 Question 3: Misconceptions and Pitfalls
07:44 Question 4: Assessing Suitability for Infinite Banking
10:30 Question 5: Future Threats to Infinite Banking
13:07 Conclusion and Next Steps
Links mentioned in the episode:
Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/callWatch on YouTube here: https://youtu.be/l13svsa4DIQ
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