The Financial Mentor Podcast

  Click here to download the transcript of Todd's best tips for epochal change! Free Instant Access Two years ago, I announced to my Expectancy Wealth Planning course community that we were about to enter epochal change. Between the Fed's permissive monetary policy, near-zero interest rates, Covid stimulus, and supply-chain issues, it was clear the game had changed. And here we are now, with a 20% stock market decline, historic bond market decline, the highest inflation in 40 years, and a slowing economy. The bad news is there's still more to come. But more importantly, epochal change means the investment rules changed for the next 10-15 years. What worked for the last epoch (40+ years) cannot be relied upon for the next epoch. I've been writing about this very topic for two years in my private course community to prepare my students, and I've published resources every month for more than a year in my public facing newsletter to prepare my free subscribers as well. My goal was to provide the knowledge required so that every person following my work could protect and prepare their portfolios in advance. Forewarned is forearmed. Related: Learn how to invest like Todd While my private course community responded to the education, protected themselves, and even prospered, I was surprised that only a small percentage of my public facing, free subscribers took action. Even though I was providing academic level, third-party research proving every supporting point, people weren't responding. It was like they were asleep at the wheel, and didn't believe the regime change was fundamental in nature and would persist. I decided to check in with my course community in our weekly office hours call. The discussion that followed was so valuable  that I wanted to share it publicly. Fortunately, my private community students agreed. This podcast episode is a nearly unedited recording of one my weekly office hours support calls with my private Expectancy Wealth Planning community as we discuss epochal change. I hope this inside look behind the paywall helps you take appropriate action to secure your financial future. And if you got great value from this episode, make sure to check out my Expectancy Wealth Planning course here. In this episode you'll discover: What is epochal change? The signs I saw two years ago for epochal change Why I've been talking to my Expectancy Wealth Planning course students about epochal change How inflation was inevitable after the Fed's stimulus in the face of supply chain disruption The important role the Fed has played in creating epochal change What you can expect to see the markets do for the next 10-15 years How investing in this epoch will be different from the last 40 years How my course students were able to save their paper asset portfolios from the current bear market The best tool to manage your paper assets during the next epoch and beyond Why the investment strategy that worked reliably in the past won't work in the future How to avoid the insidious trap of “buy the dip” The signs for epochal change The best way to guard against volatile markets The dangers of recency bias Why most people don't understand epochal change How to apply risk management to investing Why epochal change isn't just in the markets Why it's paramount to become your own financial expert The destructiveness of inflation Watching for “dead bodies” to float to the surface What to expect for next steps in epochal change The geometric growth of government debt caused by increasing interest rates The final stage of epochal change and why most people won't be prepared How to prepare your wealth plan for epochal change and much more…. Resources and Links Mentioned in this Session Include: Expectancy Wealth Planning Course Allocate Smartly (Please note: some of the links above are affiliate links so if you buy a course or book using these links I will receive a little compensation. Thank you for supporting this site!) Are you prepared for epochal change? Find out how to guard your wealth and prosper through the new economic regime on the @FinancialMentor Podcast!Click To Tweet Help Out The Show: Leaving a review and subscribing to the show on iTunes is the best way to support this show. I read every review, and your support helps the show rank so more people find us and benefit from the message. If you could spare a minute to leave a review on iTunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on iTunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of Chris's best tips for FIRE! Free Instant Access I love sharing FIRE case studies to inspire you. They prove the dream really is achievable for normal people with no extraordinary financial skills. They also unmask the dream to show how the reality of financial independence and early retirement differ from your idealized vision. The truth is everyone hits potholes, makes mistakes, and questions if it's worth all the hard work. Our guest, Chris Mamula, is no different. He candidly shares his FIRE story in this interview – warts, blemishes, and victories as well. Related: How to be a pro at growing your wealth Despite several costly errors he managed to achieve financial freedom in just 5 years. Chris paid excessive fees to a financial advisor He bought a variable annuity within a 401(k) He felt “less than” when comparing himself to other FIRE success stories But he got several critical factors right like keeping expenses low and saving a high percentage of his income, and that proved to be good enough. Financial freedom isn't about luck, brains, or a single great investment. It's about having a valid plan based on proven principles and taking sufficient action with enough persistence to reach the goal (exactly as taught in my Expectancy Wealth Planning course here). Anyone can do it, and these case studies prove it. I hope you enjoy the example Chris has shared. And if you got great value from Chris's story then please check out the other FIRE success case studies on this podcast. In this episode you'll discover: What inspired Chris and his wife to become financially independent Why Chris is so debt-adverse, and how it worked to his advantage How Chris adopted the term “dirt bag millionaire” The important role values play for achieving financial independence (they matter way more than you think) Chris's personal definition of financial independence How the 25x Rule, Rule of 300 and 400, and 4% Rule can give you a rough benchmark of how much money to aim for in retirement The mistake that occurs when you get overly focused on retiring early How to balance spending now versus saving for the future What Chris did once he realized how unhappy he had become on this journey How to avoid the insidious trap of “I'll be happy when I'm retired” The benefits of continued work after financial independence How to redefine what early retirement and financial independence mean, and why it matters Abundance versus scarcity in early retirement How Chris's plan reflects the “new retirement“ The surprising reason why most people pursuing financial independence will continue to work Risk management for early retirement The key to understanding mathematical expectancy Why it's paramount to become your own financial expert, lest you get taken for a ride by your financial advisor The danger of financial advisor fees. Chris was paying over $8,000 every year! The tax consequences Chris and his wife faced for not doing their due diligence quickly enough Why it might make sense to select a fee-only financial advisor instead of one paid via commissions How the pursuit of financial independence changes your thinking at a fundamental level Why learning to be happy and present is the key The resources that were most helpful to Chris for investing without any prior knowledge Other sources of income that Chris and his wife are looking into Why Chris doesn't feel like he really paid a price to become financially free How living in alignment with your values creates happiness and much more…. Resources and Links Mentioned in this Session Include: Step 3 – Wealth Planning Course Can I Retire Yet? – Chris's blog @caniretire_yet – Follow Chris on Twitter Early Retirement Extreme Into the Wild, by Jon Krakauer Mr. Money Mustache // Early Retirement Police Article The 4% Rule, by Todd Tresidder Mad FIentist Variable Annuity Pros & Cons, by Todd Tresidder How Wall Street Can Legally Rip You Off – Article The White Coat Investor // Investment Advisors Are Not Doctors Article The Secret to Happiness and Why It Has Nothing to Do With Money – article Stock Series from JL Collins The Simple Path to Wealth, by Jim Collins Intelligent Asset Allocator, by William Bernstein All About Asset Allocation, by Rick Ferri Recommended Reading – Beginner Investing Coach Carson (Please note: some of the links above are affiliate links so if you buy a course or book using these links I will receive a little compensation. Thank you for supporting this site!) Get amazing insights on the journey to financial independence from @caniretire_yet on the @FinancialMentor Podcast!Click To Tweet Help Out The Show: Leaving a review and subscribing to the show on iTunes is the best way to support this show. I read every review, and your support helps the show rank so more people find us and benefit from the message. If you could spare a minute to leave a review on iTunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on iTunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… Retire With Confidence Anybody can learn to build a secure retirement -- and you don't need a financial advisor. My course, Expectancy Wealth Planning, has been called "the best financial education on the internet" and provides all the knowledge you'll ever need to build the life -- and retirement -- of your dreams. Learn More Now 5 Free Sample Lessons

Click here to download the transcript of Brad & Jocelyn's best tips on making college affordable when you don't qualify for financial aid! Free Instant Access The cost of college is ridiculous. You can give your child a top quality education or s/he can have a home free-and-clear plus retirement fully funded instead. That trade-off doesn't make any financial sense. Sure, I'm a huge fan of education. I believe in the importance of the college experience as a valuable launch-pad into adulthood, but the cost of college shouldn't be so outrageously high that you're literally making a decision between higher education versus a debt free home plus retirement security. That's outrageous. Adding insult to injury, college education is the only business that demands all your financial statements before deciding what they're going to charge you. Just imagine buying a car from a dealer who demands full disclosure of every detail of your net worth and personal finances including tax statements before deciding how much he should charge you for the car. Absurd? Yes! But that's exactly how the college business operates. Even worse, the system is rigged against most of my readers. For example, some quality schools are running $70K per year for all-in costs meaning $280K total if you child graduates in 4 years, and $350K if s/he takes 5 years. Even if you round that number down to $250K to be conservative that's still $500K total if you have 2 kids. That's a big nut to swallow for anyone, even if you're reasonably successful. Only the very wealthy can afford to be cavalier about such a large number, and only the very poor qualify for enough financial aid that they don't have to worry about how to pay for college. So the purpose of this podcast is to help you figure out how to afford the high cost of college when you don't qualify for need-based financial aid. It's a tremendously important subject because paying for college is one of the biggest financial issues you'll face – right up there with buying a home and funding retirement. Related: Why you need a wealth plan, not a financial plan. I invited two experts in back-to-back interviews that will share two different perspectives on how to pay for college. The goal of this podcast episode is to provide you with a complete education in college affordability for the affluent all in one podcast episode. My first guest is Brad Baldridge, a CFP specializing in helping middle and upper-middle class families afford college. My second guest is Jocelyn Paonita, who secured over $126,000 in scholarships to cover her tuition and graduate debt free. She will teach her complete system for getting enough scholarships to pay for college without ever borrowing a dime. In this episode you'll discover: The six different categories of schools and the financial advantages and disadvantages of each. Why college is just a business, like any other, so you can properly assess the costs vs. benefits of different school offers. How you can attend certain out-of-state schools at in-state tuition rates. Why you have a better chance at scoring merit aid at a private school than a state school. The critical difference between merit and need-based aid. How your children can get free scholarship money even when they're not academic or athletic rockstars. A behind-the-scenes peek at colleges marketing strategies so you don't fall for their tricks. How the bottom 25% of an incoming class pays for the top 25%  of students. The four dimensions of paying for college. Brad's favorite strategies for reducing the burden of paying for college, including business and tax strategies. How to figure out your Expected Family Contribution (EFC) What you need to know about FAFSA and the CSS Profile. Why you must complete the FAFSA and CSS Profile even if you think you'll never qualify for need-based aid. How to use net price calculators that colleges must provide (and their downsides). How to set expectations with your child so you're not footing an enormous bill. The formula for how income versus assets are weighted in financial aid calculations. How to negotiate with schools to lower tuition or obtain better aid packages. Why it's important to begin this process sooner than later – as early as sophomore year in high school. Jocelyn's entrepreneurial strategy to pursue scholarship revenue as an alternative to a job. The exact system Jocelyn used to win half the scholarship applications she submitted. What it means to get into a “money-making mindset” before applying for scholarships. How to separate legitimate scholarships from all the scams. How to use mathematical expectancy principles to pick the most lucrative scholarships. The surprising reason you'll want to pursue smaller scholarships over the large ones. The unfortunate truth of how college financial aid offices deal with merit and need-based scholarships. How storytelling and structure are critically important to your college essays. How to use events and accomplishments to ‘sell' a story in an application. The 529 loophole every parents must know. and much more…. Resources and Links Mentioned in this Session Include: Step 3 – Wealth Planning Course Financial Aid Handbook by Stack & Vedvik Brad's website – Taming the High Cost of College EFC Calculator Scholarship Guide for Busy Parents Brad's podcast College Navigator FAFSA FAFSA4caster Jocelyn's Scholarship Systems course (Please note: some of the links above are affiliate links so if you buy a course or book using these links I will receive a little compensation. Thank you for supporting this site!) Learn how to make college affordable when you don't qualify for financial aid on the @FinancialMentor Podcast!Click To Tweet Help Out The Show: Leaving a review and subscribing to the show on iTunes is the best way to support this show. I read every review, and your support helps the show rank so more people find us and benefit from the message. If you could spare a minute to leave a review on iTunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on iTunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of Brennan's smart business advice for aspiring or stuck entrepreneurs! Free Instant Access The business entrepreneur path to financial freedom has many advantages over real estate and paper assets. You can grow your wealth faster in business than any other asset class. You can achieve personal freedom, the real goal of financial freedom, long before you're actually rich because your passive income is not connected to equity. It's driven by business systems instead. You get personal benefits besides just financial wealth including purpose, community, contribution, and a creative outlet. Unfortunately, the business asset class is the least-discussed path to wealth, even though most people who make the Forbes 400 list are there because of it. The same is true for people profiled in The Millionaire Next Door. If you want financial independence earlier than old or you need to catch-up on retirement savings because you don't have enough, then this episode is for you. However, there are risks to growing a business as well. That's why it's important to choose the right business model congruent with your values. The right model will support your success, but the wrong model will leave you feeling stressed and resentful. Related: How to be a pro at growing your wealth To show you how fulfilling business entrepreneurship can be, along with the upsides and downsides, I invited Brennan Dunn, owner of Double Your Freelancing, to the podcast. Brennan has a long entrepreneurial success streak. He dropped out of college, freelanced as a web designer, started his own agency, then started a SaaS (software-as-a-service) business, and now has a very satisfying lifestyle business. While Brennan loves his business now, he had to learn many lessons the hard way. These lessons are typical of what most entrepreneurs go through, which is why it's better to learn vicariously through Brennan's experience rather than reinvent the wheel. So if you've been interested in starting your own business, or you want to accelerate your journey to financial freedom, then this podcast is for you. In this episode you'll discover: How Brennan went from being a college dropout to having a six-figure business, to ultimately having two seven-figure businesses. What drives Brennan's entrepreneurial streak. The idea of community and why it's so important to a fulfilling life. Why being an employee wasn't satisfying to Brennan, despite earning six-figures at the age of 21. How employment limits your creativity and how more possibilities open up when you're a business owner. How freelancer's blow it by not viewing their work as business ownership. How freelancer's and business owners undercharge by using the wrong pricing model. Why you need to view your business as a solution to a problem, rather than just a job. How to make the service you're offering more valuable by digging deeper into what your potential client actually wants. How Brennan re-positioned his marketing to get more clients than he could handle… at higher rates also. The valuable lesson that drove Brennan to sell his successful 11 person agency business serving big-name clients around the world. Why business owners need to focus on recurring revenue rather than one-off projects. The difficulty in productizing a service business and creating uniformity, especially with employees. The essential role of business systems automation to scalable growth and freedom. How a buyout offer can make you re-think your business model. Why Brennan's dream business model required total strangers paying him. How to not end up being an employee in your own company. How a SaaS (software as a service) business ended up being the opposite of what Brennan wanted, even though it looked great from the outside. How to achieve exponential success by listening to your clients. The reason why Brennan's lifestyle business is so much more satisfying than his other endeavors. How your values determine your business model. The Socratic Method Brennan uses to set his business apart and serve his clients better. Brennan's tips on how to price services so clients can't say no. Why Brennan wouldn't stop working on his business even if he received $50 billion. How a lifestyle business can give you the freedom you've always wanted, even before you get rich. …and much more Resources and Links Mentioned in this Session Include: Step 3 of the Seven Steps to Seven Figures Course Seven Steps to Seven Figures course series The Millionaire Next Door (Book on our recommended reading list) Forbes 400 List Brennan's site, Double Your Freelancing Double Your Freelancing Conference & Meetups Double Your Freelancing Academy Double Your Freelancing Rate Course Free Course – Charge What You're Worth @brennandunn on Twitter (Please note: some of the links above are affiliate links so if you buy a course or book using these links I will receive a little compensation. Thank you for supporting this site!) Learn how to avoid common mistakes with business entrepreneurship on the @FinancialMentor PodcastClick To Tweet Help Out The Show: Leaving a review and subscribing on iTunes is the best way to support this show. I read every review, and your support helps the show rank higher so more people find us and benefit from the message. If you could spare a minute to leave a review on iTunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on iTunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… Retire With Confidence Anybody can learn to build a secure retirement -- and you don't need a financial advisor. My course, Expectancy Wealth Planning, has been called "the best financial education on the internet" and provides all the knowledge you'll ever need to build the life -- and retirement -- of your dreams. Learn More Now 5 Free Sample Lessons

Click here to download the transcript of Tess' best tips on finding true happiness and fulfillment! Free Instant Access How will you define yourself after you retire? Who are you without your career? The unfortunate truth is most people attach their self-definition to their professional life. This results in unexpected emotional difficulty when you achieve financial independence or retire early. You're not alone in this mistake. I did the exact same thing. It's a common problem. I incorrectly believed retiring early meant living the “pro-leisure circuit” with endless vacations and eternal bliss – no worries in the world. I wish life was that easy, but that's not how it works. Tess Vigeland is the author of Leap and former host of NPR's Marketplace Money. She lived her dream career for 20+ years, never giving thought to what might be next because she never expected to quit. When it came time to take the leap she was completely unprepared. Tess and I both learned the hard way what stands on the other side of career and share our research and experience so you don't make the same mistake. It doesn't have to be a problem as long as you know what to expect and how to prepare for it. In this interview we give you the inside scoop from direct experience so you can avoid the obvious potholes we stepped into. I've coached many of my clients through the process of financial independence, and I went through it myself. Figuring out who you are and what you stand for when your career isn't in the picture is key to your fulfillment, and the sooner you do it the happier you'll be. In this episode you'll discover: How to deal with your fear of risk and uncertainty following career change. How to define yourself without a career. What will be your new success metric, and why does it matter? The three common signs that tell you when it's time to leave your job or make a change. Why your career must honor your values, and what happens when it doesn't. The insidiously dangerous role of self-doubt when your career ends, and how to stop it. How to find balance when you're personally identified with your work. How Tess coped with losing her identity as a celebrity public figure. The critically important role community plays in your life, and how to find it after financial independence. How career gives you a sense of purpose, and where to find that purpose after you achieve financial independence. How to overcome the challenge of creating your life from a blank canvas. The key differences that separate financial independence from simply making a career change The one mistake you must avoid after your leap. What the “adjacent other” means for your career. Several case studies, including how one woman left corporate America and reinvented her career. How to deal with the expected fallout from family and friends. The importance of building your tribe of friends that understand and support leading an unconventional life. …and much more Resources and Links Mentioned in this Session Include: Step 7 of the Seven Steps to Seven Figures Course Step 3 of the Seven Steps to Seven Figures Course Seven Steps to Seven Figures course series Leap, Tess Vigeland's book FM 013: Simple Financial Planning – The Only 6 Ideas You Need to Know with Philip Taylor World Domination Summit Tess' WDS Speech The Law of Precession, from R Buckminster Fuller Tess Untethered Tess on Facebook, her author page, Instagram, and Twitter (Please note: some of the links above are affiliate links so if you buy a course or book using these links I will receive a little compensation. Thank you for supporting this site!) Learn the shocking truth about life after financial independence with @tessvigeland on the @FinancialMentor PodcastClick To Tweet Help Out The Show: Leaving a review and subscribing on iTunes is the best way to support this show. I read every review, and your support helps the show rank higher so more people find us and benefit from the message. If you could spare a minute to leave a review on iTunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on iTunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of Farnoosh's best money & relationship tips! Free Instant Access Your spouse can make or break you financially. That's no surprise, given how money is one of the leading causes of divorce. But there is much more to the relationship and money question than just divorce or marital bliss. Unless you plan on being single forever, this is an issue that should concern you. It's important to know how to talk about money with your spouse, and it's equally important to be on the same financial page. Just think about all the important financial goals you share with your spouse and how they affect the outcome of your lives together: Will you retire early by building a lifestyle focused on saving and delayed gratification? What house will you buy and how much of your income will you dedicate to a mortgage? Is your car for self-image, or is it just transportation? Do you like to camp on vacation or stay in 5 star hotels? Would you prefer to spend that money on an investment property so you can retire faster? All of these decisions have long-term financial implications, and they're much easier to accomplish when you and your spouse are working together as a team. In addition, there is much more to this than just financial goals. Gone are the days where men are the sole breadwinners in society. Women are climbing the ranks, and that means learning how to overcome the traditional gender roles society has imposed on us for so long. This can cause marital stress if it isn't handled properly. Related: Why you need a wealth plan, not a financial plan. That's why I asked Farnoosh Torabi on as a guest for this episode of the Financial Mentor Podcast. Being a female breadwinner, and the author of When She Makes More: The Truth About Navigating Love and Life for a New Generation of Women, Farnoosh is able to share many valuable insights gained from her personal life and research from the book. Listen in as we address the complex financial issues couples face today, and get her best tips and solutions to ensure your relationship is a happy and thriving one. In this episode you'll discover: How to talk about money with your significant other in a constructive way. The importance of understanding your own money story, as well as your spouse's. Why you need to be open and transparent about your financial habits. How to foster a supportive dynamic in your relationship, regardless of who has the bigger salary. How women and men can embrace female breadwinners in the family. The critical importance of making your financial values conscious. What to do when you're in relationship with your financial opposite. Why it's actually not a bad thing to have differing financial viewpoints in a relationship. Why you might want to think about bringing in a third party to mediate financial discussions. The surprising research showing how women are becoming more successful than men. How you can overcome the unconscious gender biases of our society. How you can make sure you're on the same financial page as your spouse. Why disagreements about money aren't always about dollars and cents – money issues go deeper than that. Different techniques for how couples with disparate incomes can manage their money together… blissfully. Why you should consider having separate bank accounts, and a joint account as well. The harmful assumption that whoever earns more has more power in the relationship. How Farnoosh and her husband manage their day-to-day finances – revealed. How financial infidelity can be just as damaging to your relationship as “real” infidelity. and much more…. Resources and Links Mentioned in this Session Include: Farnoosh's website is Farnoosh.TV, and you can follow her on twitter: @FARNOOSH Get Farnoosh's new book, When She Makes More: The Truth About Navigating Love and Life for a New Generation of Women (just coming out in paperback). Farnoosh's web series, Financially Fit, on Yahoo Finance Farnoosh's other book, Psych Yourself Rich: Get the Mindset and Discipline You Need to Build Your Financial Life My group coaching curriculum, 7 Steps to 7 Figures (one of which is putting together a wealth plan) Mint.com, a tool you can use to manage your money The real estate 1031 exchange calculator, for when you're selling and buying investment property (Please note: some of the links above are affiliate links so if you buy a course or book using these links I will receive a little compensation. Thank you for supporting this site!) Learn how to manage your money and relationships with @Farnoosh on this episode of the @FinancialMentor Podcast!Click To Tweet Help Out The Show: Leaving a review and subscribing to the show on iTunes is the best way to support this show. I read every review, and your support helps the show rank so more people find us and benefit from the message. If you could spare a minute to leave a review on iTunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on iTunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of J.D.'s best tips to get rich slowly! Free Instant Access Everyone wants to know how to get rich, but few ever get there. The answer is surprisingly simple, but most people seem to have a passion for making things needlessly complicated. The first step to achieving financial success is you need a rock solid financial foundation. Otherwise, you could have all the money in the world, but no clue on how you should manage it. A poor financial foundation will cause you to get lost in debt, going through the motions in life without a clear goal, or ignorant as to how you can effectively use every dollar passing through your hands as a tool to build wealth. That's why I was excited to interview J.D. Roth, founder of Get Rich Slowly. In this podcast, he shares how bad financial habits and early mistakes put him in credit card debt at the beginning, and how good financial habits turned everything around so that he achieved financial independence at an early age. You can do the same. These lessons are simple and timeless, and are consistent with my teachings in both Step 1 and Step 2 of the 7 Steps to 7 Figures course I offer. They can work for you also. Starting off on the right financial foot is crucial if you want to build wealth. You need to learn how to avoid consumer debt and manage your money like a business, because no one cares more about your money than you do. Related: Why you need a wealth plan, not a financial plan. In this episode you will discover: The importance of mastering your emotions when it comes to finances. How to manage your money as if it were a business. How you can pay off your debt using the snowball method. Why we need to define our own personal mission statement and goals. The critical role that living consciously plays in achieving financial freedom. How focusing on generating cash flow, and avoiding debt, will bring you financial success. How boosting your savings rate can accelerate the time it takes to reach your objectives. How you can retire quickly, even on a lower salary. Why you should align your spending with your values. Why tracking your numbers is essential to building wealth. Why J.D. believes there's no one set path to paying off debt. How goals can set context for your decisions and guide you toward financial success. Why you should focus on being proactive with your finances, as opposed to reactive. Why educating yourself is the best thing you can do to improve your financial situation. How to take responsibility for your situation, even if factors are outside of your control. The reason you shouldn't be aiming for wealth for the sake of having money. How J.D. used several types of leverage to build Get Rich Slowly. How J.D. came to the conclusion it was time to sell the blog and start enjoying life and the wealth he had accumulated. J.D.'s definition of financial independence – is it different from yours? How much money you need for financially independence. How financial independence forces you to shed excuses and start living life on your own terms. and much more…. Resources and Links Mentioned in this Session Include: J.D.'s travel blog is FarAwayPlaces.com His main web site is Get Rich Slowly. You can get J.D.'s Get Rich Slowly guide here J.D.'s book, Your Money: The Missing Manual The 7 Steps To 7 Figures group coaching curriculum Your Money or Your Life Other recommended reading on building wealth My debt snowball calculator Built to Last: Successful Habits of Visionary Companies (Harper Business Essentials) Mr. Money Mustache How Anyone Can Retire in 10 Years or Less Early Retirement Extreme The Millionaire Next Door Podcast interview with Luke Landes Tess Vigeland of Marketplace Money Jaime Tardy from Eventual Millionaire The Happiness Project: Or, Why I Spent a Year Trying to Sing in the Morning, Clean My Closets, Fight Right, Read Aristotle, and Generally Have More Fun FinCon Expo (Financial Blogger Conference) It's a Wonderful Life (60th Anniversary Edition) My book on the 4% rule Article on Get Rich Slowly JD wrote about Early Retirement Debt is Slavery: and 9 Other Things I Wish My Dad Had Taught Me About Money World Domination Summit (Conference J.D. helps with) (Please note: some of the links above are affiliate links so if you buy a course or book using these links I will receive a little compensation. Thank you for supporting this site!) Help Out The Show: Leaving a review and subscribing to the show on Itunes is the best support you can give. I read every review, and your support helps the show rank so more people find us and benefit from the message. If you could spare a minute to leave a review on iTunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on iTunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of Billy's top tips to use expected value to build your wealth! Free Instant Access Wealth is math. That's bad news for math phobics, but it's great news for the rest of us because it means there are rules and science behind how wealth building works. It isn't random luck. In Episode 19 of the Financial Mentor podcast we'll explore the most essential math principle to wealth building – the expected value formula. This essential principle eludes most people because we inherently think in terms of probabilities – the likelihood of something occurring. It could be an investment going up or a business going bust. Either way, you most likely think in terms of the probability of the event occurring, and that is unfortunate. Why? Because wealth is built according to expectancy – which is probability times payoff. It's an entirely different way of thinking that produces surprising results. Discover how expectancy will literally determine the financial outcome of your life, and how you can use this uncommon knowledge to make smarter, more profitable investment decisions. Related: Why you need a wealth plan, not an investment plan. In this episode you will discover: How a career as a professional poker player shaped Billy's view on traditional investing. The difference between gambling and investing. Why variance is a dangerously misleading measure of risk that can cost you a fortune. The concept of “edge” in investing or “competitive advantage” in business. How increasing sample size can lower risk, but only if you have positive expectancy. The essential difference between asset wealth and cash flow wealth. Why EV, or the expected value formula, permeates all forms of wealth building – paper assets, business, and real estate. How to use the expected value formula for every business and financial decision you'll make. The many dimensions to risk management revealed by a deep understanding of expectancy. How to make more by risking less. How diversification, when done incorrectly, can become di-worse-ification. How the pursuit of safety can put you at even greater risk. Why all expectancies are not created equal, and how that spells opportunity for you. The dangerous illusion of results, and why expectancy is actually more important. How recency bias causes you to make losing investments. The two essential skills you must develop to invest with greater profit and reliability. How to use risk management skills to raise your expectancy. The right (and wrong) time to avoid analysis-paralysis in the due diligence process and just pull the trigger. How to test any investment using the “cocktail napkin test”. How missing a positive EV investment is mathematically equivalent to negative EV, and avoiding negative EV is mathematically equivalent to positive EV. Why insurance makes good business sense, even when it has a negative expected value. The right and wrong way to use insurance to manage negative expectancy risk. and much more…. Resources and Links Mentioned in this Session Include: Billy's web site is ForeverJobless.com Billy's poker web site is BlueFirePoker.com My financial coaching information Billy's EV:Millionair's Math post. The 7 Steps To 7 Figures group coaching curriculum. A collection of articles on this site about risk management The key difference between gambling and investing. Investment due diligence articles on this site. Help Out The Show: The feedback on these podcasts has been great! Your enthusiastic response is what drives me to continue producing them. 5 star reviews and new subscribers over at Itunes increase the show's rank and help more people benefit from the message. If you could spare a minute to leave a review on Itunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on ITunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your ITunes account… The One Decision That Can Make Or Break Your Financial Future There are only four paths you can choose from. Click below to find out which path is best for you, and why. Yes! Tell Me About Expectancy Wealth Planning strategy

Click here to download the transcript of Dane's best tips for breaking through limiting beliefs! Free Instant Access Success is about people first. If it was just about how-to's then we would all be thin, rich, and happy because all the knowledge you need to attain anything you want in life already exists. You just have to learn it and implement it. But it doesn't work that way. You aren't a perfect, rational computer. You don't just process information, make plans, and produce results in a logical, perfect way because you are an emotional human being. Your emotions and beliefs are a filter that either serves you in achieving your goals, or they hurt you. I overlooked this essential reality in my early years of coaching and made the same mistake nearly all experts make. I believed that if I just showed people how to do something that they would go out and implement it to produce the same results I did. BOY, WAS I WRONG!!! There is much more to achieving success than just how-to's. And there is a lot more to teaching success than just dispensing how-to information. Related: 5 Financial Planning Mistakes That Cost You Big-Time (and what to do instead!) Explained in 5 Free Video Lessons[\sc] There's a second layer of knowledge explaining how humans work that you must understand if you want to  break through your limiting beliefs and rise to new levels of achievement with the least friction and effort possible. This knowledge is critical to your success… In this episode you will discover: Why how-to's are not enough to succeed. The common, yet critical, mistake nearly all self-help gurus make. How results take care of themselves once your limiting beliefs are removed. The surprising role your community plays in achieving success. Why financial freedom is ultimately about giving – not getting. How any lack of abundance in any area of your life can be traced back to a limiting belief. Amazing! An exact step-by-step formula for building your own business today even if you have no experience, no idea, and no money. It really works! How to travel for 90 days, do only 4 hours of work, and come home with $100,000 more in the bank than when you left. The 3 key words you must know to build an abundant life. The 4 essential principles of a lifestyle business so that greater success results in freedom instead of just more work. How “The Work” effortlessly removes limiting beliefs without any psychological mumbo-jumbo or needless drama – and, it only takes a few minutes. Why limiting beliefs are the cause behind lack of success and how that is actually an empowering reality. How to know the exact time when limiting beliefs are THE next required obstacle you must clear to achieve the next level of success. and much more…. Resources and Links Mentioned in this Session Include: Dane's web site at TheFoundation.Com “The Work” by Byron Katie My financial coaching information The 7 Steps To 7 Figures group coaching curriculum. Podcast episode 11 with James Clear on automatic wealth through habits. Podcast episode 6 with Scott H. Young on how to adopt wealth producing habits. The special link Dane provided to see a video of him implementing his own version of The Work on an actual client. Help Out The Show: The feedback on these podcasts has been great! Your enthusiastic response is what drives me to continue producing them. 5 star reviews and new subscribers over at Itunes increase the show's rank and help more people benefit from the message. If you could spare a minute to leave a review on Itunes it would mean a lot to me. Thank you so much! Click here to subscribe to the show on ITunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More... [\sc]

Click here to download the transcript of Cal's best tips on building a fulfilling career (and true wealth)! Free Instant Access You've heard it repeated so many times that you no longer question if it is true. In fact, the career success literature is so overwhelmingly dominated with this dangerous myth that almost nobody disagrees with it. The only problem is, it's not true! What is it, you ask? It's called “the passion hypothesis”. The premise is you should do what you love and the money will follow. If you want to succeed then you should follow your passion. It's one of those artifacts of conventional wisdom that seems to be right and passes the smell test so it slips under our radar. It is an example of superficial knowledge that appears true but is actually false. This is not just an idle concept. It is a major source of disillusionment and career dissatisfaction. It also illustrates many concepts taught in Step 3 of my 7 Steps to 7 Figures wealth building curriculum. In today's podcast were going to unmask this dangerous illusion. We're going to set the record straight by digging deep behind the facade of the passion hypothesis and revealing how a remarkable career and an enviable life of freedom and autonomy are truly built. Surprisingly, it's not what most people believe. This interview will also introduce a guiding principle behind all teachings on this site – the idea that there is a second layer of knowledge just beyond the superficially obvious first layer that gives you a competitive advantage and helps you build wealth. This second layer of knowledge is based on research and reality – not meaningless platitudes. Related: Why you need a wealth plan, not a financial plan. Make sure to listen carefully because the truths revealed in this episode will turn conventional wisdom on its head. In this episode you will discover: The important difference between first layer knowledge and second layer knowledge so that you can develop a competitive advantage. What the passion hypothesis is and how it works. The dangerous premise behind the passion hypothesis that is causing job satisfaction ratings to decline. Why career passions are rare, but that doesn't mean you're stuck. There's a smarter way to find passion and fulfillment through work if you just know the proper steps. The unexpected connection between career passion, skill mastery, and self-determination theory. The 7 traits proven by research to create career satisfaction. The surprising reality reversal – It's more important what you can offer your job than what it is offering you. Why it's not about finding the right work: It's about working right. The important parallel between investing your financial capital into crafting a life you love and investing career capital into work you love. Why you should stop focusing on self-promotion in social media and instead focus on producing something worth talking about. How skill leads to passion instead of passion being a precursor to skill. Why success is hard… by definition. There is always a hard phase so get over it. What the “courage culture” is and why you should avoid it. The two dimension of commitment that lead to success – what you do before you commit and what you do after. (Hint! They are as different as night and day.) The two different types of goals and the diametrically opposite ways you should achieve them. Why your most important career strategy is to compound career capital. (Notice the parallel to wealth building and the importance of compounding equity. This is not a coincidence.) Discover how the deliberate practice technique is the most efficient and certain path to compounding career capital. How to learn to love strain and discomfort as a good thing (seriously!). How to use career capital to buy the freedom you want now long before you're financially independent. How to use the law of financial viability to make money and make a positive impact in the world at the same time. (Surprise! The two goals are not mutually exclusive.) How to use the principle of little bets to build a huge success with almost no risk. The 3 step process to create a life you love. and much more…. Resources and Links Mentioned in this Session Include: Cal's web site is CalNewport.Com Cal's book is So Good They Can't Ignore You You can learn more about my financial coaching services here. Episode 6 of this podcast with Scott Young. My 7 Steps To 7 Figures wealth building system. A grouping of articles explaining the essential role of commitment to financial success. A directory of investment risk management articles on this site. Help Out The Show: The feedback on these podcasts has been great so thank you. I read every single comment. It matters. 5 star reviews increase the show's rank and help more people benefit from the message. If you could spare a minute to leave a review on Itunes it would mean a lot to me. Thanks! Click here to subscribe to the show on ITunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of Michael's best tips for choosing a financial advisor! Free Instant Access It's hard to know how to choose a financial advisor. There is so much value at stake; yet, how can you tell the experts from the charlatans? Who can you trust? How do you really know? After all, you are busy with kids, a career, and life. You want to be able to trust someone to make sure your financial planning is on track, but it's a den of thieves out there. Adding confusion to concern are all the sound-alike titles such as brokers, registered investment advisors, certified financial planners, financial coaches, and financial consultants to describe similar services. Who can tell the difference? It's time to pull back the curtain on all the techno-babble so that you can find the best financial advisors and eliminate the posers. In this episode I'll give you a step-by-step due diligence process for how to choose a financial advisor that fits your needs. Related: How Your Financial Advisor is Taking 75% of Your Retirement Income (or More!) Video, PDF download, or Audio. You will learn how to sort your way through the maze of confusion so that you can get the expert help you need to reach your financial goals… without getting ripped off. In this episode you will discover: Why the starting point to choosing a financial advisor is looking inward. How to match your specific needs to the right specialist (not all advisors are created equal). Why the common practice of using referrals is dangerously flawed. The 4 advisor compensation models and how each impacts the advice you receive. Form ADV disclosure, what it says, and how to get one from your advisor. 6 different financial planner search sites so you can pick the right professional for your needs. Why the “fee only” compensation model means different things in different situations (this is important!). How to analyze a financial advisor web site. Whether or not it is even relevant to meet your advisor face-to-face any more. Where the future of financial advice is heading (this may surprise you!) How to understand the hidden financial incentives hiding behind the advice your receive. A checklist of quality factors to use when judging your financial advisor. What “assets under management” really says about your advisor, and why it's not an important quality indicator. How to know the difference between CFP, CPA, PFS, RIA, CFA, and CHFC. (Yikes!!) Why all these professional designations imply little about investment skill. The surprising reason financial advisors don't provide investment track records. Why GIPS audited track records are rare (guess what? It's the same reason they are the gold standard in performance disclosure). Why there is no perfect advisor compensation model (each has an Achilles Heal that you must watch out for). The key difference between the suitability standard and fiduciary responsibility (well worth knowing). and much more…. Resources and Links Mentioned in this Session Include: Michael's financial advisory business site is Pinnacle Advisory Group. Michael's personal site is at Kitces.Com and his blog is the Nerd's Eye View. Here's a listing of some of our more popular financial and investment due diligence articles to supplement these insights. My 7 Steps To 7 Figures Wealth Building Course. You can learn more about my financial coaching services here. My article explaining how different compensation models bias the financial advice your receive. My tutorial directory of articles about financial advice related topics. Plannersearch.org for finding a CFP in your area associated with the Financial Planning Association. NAPFA.org for fee-only financial advisors (could be asset based or hourly). GarretPlanningNetwork.com for locating exclusively hourly fee advisors for asking a few questions. BrokerCheck.FINRA.Org to look for enforcement violations against your advisor. Brightscope.com for advisor due diligence and disclosures. Help Out The Show: The feedback on these podcasts has been great so thank you. 5 star reviews increase the show's rank and help more people benefit from the message. Please take the time to leave a review. It really helps a lot and I read every review. Thanks! Click here to subscribe to the show on ITunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your iTunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… Invest Like Todd! A better investment strategy than buy and hold - Makes more by risking less Discover the scientific investment process Todd developed during his hedge fund days that he still uses to manage his own money today. It’s all simplified for you in this turn-key system that takes just 30 minutes per month. Learn more… »

Click here to download the transcript of Luke's best early financial independence tips! Free Instant Access Sure, you want early financial independence. But how do you achieve it? What are the necessary action steps to reach the goal, and how can you expect your life to change afterward? Surprisingly, it doesn't work like most people think. In this latest addition to our podcast series featuring early financial independence success stories (see previous episodes with Darrow Kirkpatrick and/or Doug Nordman), Luke Landes shares how he achieved freedom from day-to-day financial worries at such an early age, and what his life experience has been like since reaching the goal. Surprisingly, it's not like most people would expect. Luke's story differs remarkably from previous success stories because he never really set out to achieve financial independence. In fact, he sort of fell into it by accident (even though he still worked hard and planned strategically) by being the right guy in the right place at the right time. Luke's story is also different from previous stories because he didn't save his way to methodically reach the goal with discipline. Instead, he attained it through the business path to wealth with a single buyout of a single business. Related: Why you need a wealth plan, not a financial plan. I really appreciate how generous and candid Luke was in this interview sharing his experience of life and the pursuit of happiness following financial independence. He tells you the straight truth about struggles with motivation when money is no longer a concern. He explains the challenges of leading your own life when normal career constraints and the need to make money are removed. So get motivated to move to the next stage of your life where the focus is on fulfillment instead of money with tips to help get you there faster and with fewer mistakes. In this episode you will discover: The many definitions of financial independence… and which one Luke has chosen. Exactly how Luke achieved financial freedom – almost by accident. The role of luck and being in the right place at the right time for some types of financial success. (Hint – you still have to work hard and be strategic even when you're lucky.) How single point failure risk can destroy a fortune quickly, and what you must do to manage it. The value of diversifying revenue sources within your business model to control risk. How to prepare a business for sale so that you maximize the value. What you must do to find a buyer who will pay more for the business than it is worth to you. The unexpected difficulty with motivation that everyone who achieves early financial independence must overcome. Why you may already be financially independent and not even know it. Seriously! How the human need to serve somebody – whether financially independent or not – turns the whole idea of “freedom” on it's head. How autonomy affects your motivation and sense of personal freedom – whether employed or not. The million dollar myth – Revealed! Why it's all about cash flow… not assets. Exactly how your motivation for work and new projects will change after financial freedom. What to do when your passion in life requires hard work, but you no longer have to work at all. How early financial independence is just like 2nd generation wealth… but without the second generation. The absolute, foolproof way to know exactly what you are truly committed to. It never fails. How to master the essential success characteristic – focus. Why building wealth is one of your greatest paths to personal growth. and much more…. Resources and Links Mentioned in this Session Include: Luke's old website is ConsumerismCommentary.com. Luke's personal site is LukeLandes.com. Dan Pink's book is Drive: The Surprising Truth About What Motivates Us on Amazon. The Plutus Awards. My 7 Steps To 7 Figures Wealth Building Course can be found here. Additional articles on this site to help you understand the commitment process are here. You can learn more about my financial coaching services here. My bestselling book about “How Much Money You Need To Retire” is on Amazon here. My best retirement calculator to help you engineer your financial freedom. Here is one of my most popular articles on Money and Happiness. Podcast episode #7 about money and happiness with Jonathan Clements. Previous early retirement success stories on this podcast include episodes #4 with Doug Nordman and #2 with Darrow Kirkpatrick. Help Out The Show: Giving an honest review on Itunes is one of the best ways to support this show. 5 star reviews increase the show's rank and help more people benefit from the message. Please take the time to leave a review. Thanks! Click here to subscribe to the show on ITunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of Richard's best retirement planning tips! Free Instant Access The “New Retirement” is gathering momentum and catching major media attention. Are you on board? In fact, no less than AARP has gotten behind the initiative with a new book titled Life Reimagined by Richard Leider. More and more people are realizing the life-changing message the New Retirement delivers. It is much bigger than just financial planning. It explores the intersection between finance and fulfillment showing you how to blend them together into a life well-lived. You will particularly enjoy in this interview how cohesive Richard and my viewpoints are on this subject – remarkably so – right down to the actual implementation steps and the meaning behind them. In fact, I wrote the introduction to this podcast before ever seeing Richard's book only to find out it couldn't have been more perfectly targeted. Not a coincidence. During the discussion Richard and I go back and forth playing off each other bringing different language and different examples to the same core message – we want to help you get past traditional retirement illusions and embrace a more empowering and fulfilling life plan. Bottom line – if you have any interest in retiring with financial security and enjoying a happy life (who doesn't?) then this interview is a must listen. It carefully redefines retirement as a highly misunderstood stage of life so that you know what to expect and how to plan for for the best. Related: Why you need a wealth plan, not a financial plan. In this episode you will discover: The critical difference between freedom from and freedom to. The 3 revolutions driving The New Retirement. How the 3 revolutions perfectly match the 3 M's – money, medicine, and meaning. (Not a coincidence.) The last of our human freedoms and what it means for the last stage of your life. The 6 steps to making the Life Reimagined transition so you can enjoy a fulfilling next stage of life. What it means to be pushed by pain or pushed by “inner kill,” versus driven by internal motivation. How do you know if you're living in the V.U.C.A world? Why should you care? How rapid change connects to your desire for happiness. What it means to find happiness from the inside-out. Why hedonia only gets you superficial, transient happiness, but eudaimonia can lead to deep fulfillment. Why happiness can only be pursued through the “side door” rather than directly. The dead-end path of self-absorption and self-entertainment as your sole purpose in life… revealed. The cause that triggers change in your life and where it comes from so you can be prepared. How to use a sounding board to re-create your life. The reason why lack of curiosity is the number one relationship destroyer in the second phase of life… and how you can protect your relationship from becoming the next victim. The virtues of a circular life solution versus a linear life solution. Yes, it matters. Discover the necessity to embrace discomfort as a positive experience on your path to growth. and much more…. Resources and Links Mentioned in this Session Include: Richard Leider's website is the InventureGroup.com. Richard's book is Life Reimagined on Amazon. The companion site to the book at LifeReimagined.org. My 7 Steps To 7 Figures Wealth Building Course Victor Frankl's book Man's Search For Meaning on Amazon. Learn more about my financial coaching services here. My bestselling book at Amazon How Much Money Do You Need To Retire? A retirement calculator to help you engineer your retirement. Richard Leider's book Repacking Your Bags: Lighten Your Load for the Rest of Your Life on Amazon. Money and Happiness article on this site. Podcast episode #7 about money and happiness with Jonathan Clements. Cal Newport's book So Good They Can't Ignore You on Amazon. The book What Color Is Your Parachute by Dick Bolles. Help Out The Show: If you are getting value from these podcasts then a great way to give back is to subscribe and leave a review. 5 star reviews improve the show's rank – the more reviews the higher the rank – which helps more people find the show and benefit from the message. Click here to subscribe to the show on ITunes and leave a review… Alternatively, this link below will help you subscribe and leave a review on your device… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… Retire With Confidence Anybody can learn to build a secure retirement -- and you don't need a financial advisor. My course, Expectancy Wealth Planning, has been called "the best financial education on the internet" and provides all the knowledge you'll ever need to build the life -- and retirement -- of your dreams. Learn More Now 5 Free Sample Lessons

Click here to download the transcript of Philip's top financial planning tips! Free Instant Access As I sat with 3,000 fellow entrepreneurs waiting for the next speaker to enter the stage, the beauty of Portland's antique theater intrigued me. Wrought iron railings, ornate tapestries, brass fixtures, and gold inset wood designs set the mood for Tess Vigeland from NPR's “MarketPlace Money” (9 million weekly listeners) to take the stage. After thunderous applause, her bold statement stunned me… Everything you need to know about financial planning is just 6 stories, and everything else written on the subject merely rehashes those core 6 stories over and over again to make them look different. Could it be true? Was financial planning really that simple? Just 6 core ideas? I was intrigued. Philip Taylor from PTMoney.Com was sitting in the audience with me and was equally taken by Tess's statement. After all, we are both authors of several hundred financial articles individually and more than a thousand articles combined. Was simple financial planning really possible? As it turned out, yes, it was. In this 13th episode of the Financial Mentor Podcast, Philip and I arrange these 6 cornerstone principles (as inspired by Tess's presentation) into step-by-step logical order of execution so you know how to turn the corner on your finances and the exact order to do it in. The point of this podcast is to simplify all the complication and noise coming out of the financial media because it keeps you from taking action. It is the infamous paradox of choice. When there is too much information to digest then our minds go into confusion and shut down. The result is no action. Related: Why you need a wealth plan, not a financial plan. That's why it is so important to simplify. The number one wealth killer is procrastination because a confused mind can't take action. You must proactively design your financial life by taking daily actions to create your wealth. The sooner the better. This podcast will show you how to simplify all the financial planning noise down to just 6 cornerstone ideas and arrange them in a logical order of execution. It is everything you need to know about financial planning – simplified. In this episode you will discover: Why awareness is the necessary starting point. How the 6 cornerstone ideas interconnect to support each other. A simple routine that will help you run your money like a business. The cornerstone principle that will simplify your financial life once and for all. Which expense should be optimized first to get the greatest result for the least effort. The difference between aligning your spending with your values vs. getting the best value for your money. The simple trick that can get you discounts on monthly recurring bills. The right – and wrong – way to use coupons to save money. How to define the efficient price point (Hint – it's not the cheapest, or the most expensive). The inherent limitation to frugality that can trap you. Why an emergency fund is essential to the early stage of your wealth building process, and why it is useless later on. The 3 reasons to save. The key difference between good debt and bad debt (yes, some debt can be good!) The dangerous self-deception that causes consumer debt. How Philip's “separate and automate” concept will help you save more with less stress. How to get motivated to save for retirement (if you aren't already). 3 simple steps to maximizing your retirement savings. The correct stage for emphasizing risk management disciplines and why it is later in the process rather than early. and much more…. Resources and Links Mentioned in this Session Include: Philip's website is PTMoney.com. Financial Blogger's Conference website is here. My 7 Steps To 7 Figures Wealth Building Course Tess Vigeland's speech from World Domination Summit 2013. You can learn more about my financial coaching services here. My bestselling book at Amazon is here How Much Money Do I Need To Retire? A retirement calculator to help you engineer your retirement. Ramit Sethi's book I Will Teach You To Be Rich M.J. DeMarco's book The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime. Michael Gerber's must read book for entrepreneurs The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It A calculator to implement the debt snowball/debt avalanche strategy as mentioned in this podcast. Here's one last calculator mentioned in the show… for calculating your life insurance needs. Jesse Mecham's podcast – Episode 5 – on advanced budgeting strategies to build wealth. My most popular episode to date. And finally, here is a link to Episode 1 mentioned in the podcast where Wade Pfau debunked Dave Ramsey's estimates for investment return and retirement spending. Help Out The Show: Thank you to everyone who has left a review on ITunes!! I really appreciate it because your ratings drive Apple's ranking system which determines how many people see the show. You are making a difference. I read every review and appreciate your support. Click here to subscribe to the show on ITunes and leave a review… Alternatively, you can click on the link below and it should also launch ITunes on your computer… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of Ken's top tips on fulfillment and the new retirement! Free Instant Access Do you believe retirement starts at age 65? Do you think retirement is about playing endless rounds of golf, reading novels, and drinking a Mai Tai while lounging in a hammock on a tropical beach? I have news for you. The retirement game has completely changed. The old rules are so 1990. You need to understand the new retirement so you can plan accordingly. Future retirees are living longer and enjoying greater health much later in life. This reality has changed everything about retirement planning: Pensions are no longer a reliable source of income forcing most people to self-fund through savings. 30+ years of endless leisure is not how most people define a fulfilling life. Few are willing to wait until age 65 to shift their career from maximum income to maximum fulfillment. Most people desire greater personal connection with community and meaningful contribution once their career based network ends. Most people intuitively get that the retirement planning game has changed, but few understand what to do about it. Should you “retire” at age 40, 50, or 65? What should you do with your life after retirement? How do you know when you are ready to retire – both financially and emotionally? What does “retirement” really mean anyway? Related: 5 Financial Planning Mistakes That Cost You Big-Time (and what to do instead!) Explained in 5 Free Video Lessons The truth is retirement is the biggest financial objective you must plan for. It dwarfs buying a house or saving for the kids college. Given that traditional retirement planning no longer works and the game has completely changed it only makes sense to bring your knowledge up to speed so that you can retire 10 or 20 years earlier than previously planned. In this episode you will discover: How your needs and wants change as soon as you achieve your base-level financial freedom number. A clear definition of what that financial freedom number is. The myth that financial freedom equates to no longer working. Why your financial freedom number is totally real and can't be faked or ignored. The little-known emotional reality you should expect as you approach financial freedom. The unexpected reason that life after financial freedom can be more difficult than before (you're not alone when it happens to you). How to define the next step after financial freedom as the basis for happiness and fulfillment. What you should do when money ceases to be your top priority for working. The amazing story that bring new perspective to every remaining year in your life. How to make discomfort a positive thing. How the new retirement changes both your life plan and your financial plan. The surprising reason you might just be happier earning a lot less income. A simple plan to build financial independence without frugality. The one equation no wealth builder can succeed without. The 3 investment mistakes Ken reveals that you can easily avoid repeating. How to manage your life for the ultimate deadline. and much more…. Resources and Links Mentioned in this Session Include: Ken's website is http://kenturek.com My 7 Steps To 7 Figures Wealth Building Course You can learn more about my financial coaching services here. My bestselling book at Amazon is here How Much Money Do I Need To Retire? A retirement calculator to help you engineer your new retirement. More educational articles about retirement planning can be found here. Help Out The Show: Thank you to everyone who has left a review on ITunes. I really appreciate it. Really. I read every review and appreciate your support. Click here to subscribe to the show on ITunes and leave a review… Alternatively, you can click on the link below and it should also launch ITunes on your computer… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… Retire With Confidence Anybody can learn to build a secure retirement -- and you don't need a financial advisor. My course, Expectancy Wealth Planning, has been called "the best financial education on the internet" and provides all the knowledge you'll ever need to build the life -- and retirement -- of your dreams. Learn More Now 5 Free Sample Lessons

Click here to download the transcript of James' top tips for building automatic wealth through habits! Free Instant Access What is the easiest, most certain way to achieve anything? Daily habits. Any goal you want in life (including financial freedom) is reachable through a few key habits and a little bit of time. It's really quite simple. Habits compound your daily actions into automatic wealth just like regular savings compounds daily deposits into wealth. It is the identical principle applied to two different resources in your life – money and time. Does it take effort? Yes – we're not about get-rich-quick here. You have to work at it and the results are produced over time. But it is a simple, certain path to achieve your financial goals with the greatest confidence possible. If you don't believe you can build automatic wealth then think again because your financial goals are just a few daily habits from being achieved. The end result is not a question of “if”, but “when”. The key is your daily habits, and episode #11 of the Financial Mentor podcast with James Clear will show you how. Related: Why you need a wealth plan, not a financial plan. In this episode you will discover: How to find balance so you can expand your capabilities in a new area without sacrificing other areas of your life. How to automate your skill development. How to convert personal growth into financial success. The critical role of carving out space and time for nurturing a habit during its infancy. How conscious understanding, implementation, and ultimate success connect to maximize results with the least effort. The hidden way environments shape your habits – without you even knowing. The easy strategy to form any new habit. The two ways to design your life so that you are literally pulled toward desirable habits and repelled from negative habits. Why you should never rely on motivation for behavior change. Surprise! How the color of your plate can determine how much you eat. How to use visual cues to “automate” your habits. The critical connection between habit “frequency” and eventual success. What you're really saying when you claim you “don't know where to begin”. Why commitment must precede goal achievement, and how to make it work for you. How to use identity based goals to strategically bridge your way to performance based goals. The 3 R's of habit formation. What Alcoholics Anonymous knows about interrupting bad habits that you would be wise to learn also. Why you should always start new habits with action first (except in this one important situation!) Why focusing on process habits is more effective than outcome oriented goals. What “keystone habits” are and how they help you get more done with less effort. and much more…. Resources and Links Mentioned in this Session Include: James' website to get his free ebook about habits is at http://jamesclear.com James' other website about passive income and personal finance is at https://jamesclear.com/passive-panda The Financial Mentor podcast episode #6 with Scott Young about habits is here. My 7 Steps To 7 Figures Wealth Building Course You can learn more about my financial coaching services here. Charles Duhigg's book at Amazon The Power of Habit: Why We Do What We Do in Life and Business My article about What Is A Good Investment? that explains how process vs. outcome works in investing. Help Out The Show: Finally, we're in the home stretch of promoting this podcast on ITunes and the effort has been a success. We're ranking in the top 10 podcasts for “investing”, and we generally rank in the top 30 overall for the very competitive “business” category – all in less than 2 months. And I have all of you who subscribed and left comments to thank… so thank you! We only have a few weeks left for eligibility in New & Noteworthy on Itunes as we make a final rush to the promotional finish line so if you have yet to subscribe or leave a review now is a great time. I read every review and appreciate your support. Click here to subscribe to the show on ITunes and leave a review… Alternatively, you can click on the link below and it should also launch ITunes on your computer… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… "Discover The Comprehensive Wealth Planning Process Proven Through 20+ Years Of Coaching That Will Give You Complete Confidence In Your Financial Future" Get a step-by-step action plan to achieve financial independence - completely personalized to you. How to live for fulfilment now, while building wealth for the future. No more procrastination. No more confusion. Just progress and clarity Expectancy Wealth Planning will show you how to create a financial roadmap for the rest of your life and give you all of the tools you need to follow it. Learn More...

Click here to download the transcript of Darrow's best retirement calculator tips! Free Instant Access Retirement calculators are powerful tools when used properly. But retirement calculators can be weapons of mass deception when used incorrectly. In episode #10 of the Financial Mentor podcast, Darrow Kirkpatrick and I reveal the tricks and traps to using retirement calculators right. This topic is much bigger than just retirement planning. This is about planning your wealth and engineering your way to financial freedom using retirement calculators as a handy tool to make the math easy. There are many nuances and little-known creative strategies that can allow you to achieve financial security much earlier than you ever imagined possible. And there are many potholes you must avoid so you don't make foolish decisions. Related: 5 Financial Planning Mistakes That Cost You Big-Time (and what to do instead!) Explained in 5 Free Video Lessons In this episode you will discover: The “magic number” myth and how to overcome it. The great inflation deception and why your personal inflation rate should be dramatically different from published government statistics. The 2 most important assumptions that will make or break your financial security in retirement. The little-understood but gargantuan impact that volatility and sequence of returns risk has on your financial security. How market valuation and interest rates affect your sequence of returns risk. Why life expectancy assumptions force you to be overly conservative – unless you adopt this unusual viewpoint. The 3 ways to model investment return assumptions and a simple solution for their inherent inaccuracy. The dangerous deception behind Monte Carlo analysis that causes overconfidence when your risk of failure is at its worst. How 2 approaches – the “fuel gauge” analogy and iteration – can give you peace of mind with uncertainty in the future. How to use a retirement calculator to engineer your path to wealth instead of just estimating if you have enough money to retire. Discover little-known strategies to retire sooner and with greater financial security. The red flag that warns you that a particular retirement calculator should be avoided. How to balance the inherent tradeoffs between accuracy and simplicity when modelling your financial future. and much more…. Resources and Links Mentioned in this Session Include: Darrow's website is at http://caniretireyet.com Darrow's analysis of the 3 Best Free Retirement Calculators. The Financial Mentor podcast episode #2 with Darrow – How To Retire at 50. My 7 Steps To 7 Figures Wealth Building Course My top-rated Ultimate Retirement Calculator. A directory page with all of my retirement calculators My book on Amazon How Much Money Do I Need To Retire? Darrow's book on Amazon Retiring Sooner: How to Accelerate Your Financial Independence The book Your Money or Your Life on Amazon. Employee Benefit Research Institute Help Out The Show: Finally, if you haven't done so already, it would be so helpful if you took a minute to leave a quick review of this podcast on ITunes by clicking the link below. We only have a few weeks left for eligibility in New & Noteworthy on Itunes and a few more reviews can make a big difference in gaining exposure as we approach the final stages of launching this podcast. Click here to subscribe to the show on ITunes and leave a review… Alternatively, you can click on the link below and it should also launch ITunes on your computer… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… Retire With Confidence Anybody can learn to build a secure retirement -- and you don't need a financial advisor. My course, Expectancy Wealth Planning, has been called "the best financial education on the internet" and provides all the knowledge you'll ever need to build the life -- and retirement -- of your dreams. Learn More Now 5 Free Sample Lessons

Click here to download the transcript of Wade’s best retirement income strategies! Free Instant Access It baffles the brightest financial minds… How do you convert a volatile portfolio into a stable, automatic income stream? After all, your investment portfolio goes up and down like a roller coaster, but your retirement spending requires a reliable income that you will never outlive. How can you make these two contradictory situations work together? Traditional financial planning provides an oversimplified answer in the 4% Rule, but the latest research into safe withdrawal rates has revealed surprisingly different conclusions. In fact, there are new solutions that will give you more income when you need it most with less risk of running out of money before you run out of life. Related: A better investment strategy than buy and hold In short, there is a clear benefit to advancing your knowledge beyond the old rules-of-thumb. In this 9th episode of the Financial Mentor podcast, Wade Pfau, Professor of Retirement Income at the American College, brings you up to date on the latest research in retirement income planning. He goes beyond the 4% Rule by revealing a variety of alternative ways to spend your portfolio without putting your financial security at risk. Even if you are nowhere near retirement you should still listen carefully because this information can have a dramatic impact on how you plan for retirement. In this episode you will discover: The critical differences between the asset accumulation phase of retirement planning and the post-retirement spending phase. What the “4% Rule” is, and why it may not be safe. The real-world difference between a static and dynamic withdrawal strategy and what it means to your financial security. The inherent limitations you must overcome to extract an automatic income stream from a volatile portfolio. What the required minimum distribution is, how it works, and why you should care. The surprising reason why increased spending in retirement means you were too conservative. The best rule-of-thumb model that maximizes both income and safety. The advantages of a “spending ceiling” rule and the dangers of a “spending floor” rule. The 2 reasons why your success or failure in retirement depends as much on when you retire as how much you retire with. The 2 key factors that will determine 80% of your safe withdrawal rate during retirement. The one situation where running out of money during retirement is NOT catastrophic. How to separate a good annuity from a bad annuity – before it costs you money. The single biggest advantage that a SPIA (Single Premium Immediate Annuity) brings to your portfolio. Discover the simple business reason why a SPIA can pay you more income than competing investments. Uncover how the “income flooring” strategy can reduce risk and increase spendable income. Resources and Links Mentioned in this Session Include: Wade's website is at RetirementResearcher.com. The first Financial Mentor podcast episode #1 with Wade Pfau is here. My 7 Steps To 7 Figures Wealth Building Course Wade's research article comparing SPIA's to self-annuitizing a volatile portfolio. My book on Amazon How Much Money Do I Need To Retire? Anthony Webb's research paper using IRS required minimum withdrawals as a safe withdrawal rate. Jonathan Guyton's research using “guardrails” to govern safe withdrawal rates. My book on Safe Withdrawal Rates in Retirement. Help Out The Show: Finally, if you haven't done so already, it would be so helpful if you took a minute to leave a quick review of this podcast on ITunes by clicking on the link below. It is a great way to help the show reach a wider audience. These reviews make a huge difference by raising the visibility of the show to get in front of more people. Click here to subscribe to the show on ITunes and leave a review… Alternatively, you can click on the link below and it should also launch ITunes on your computer… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… Invest Like Todd! A better investment strategy than buy and hold - Makes more by risking less Discover the scientific investment process Todd developed during his hedge fund days that he still uses to manage his own money today. It’s all simplified for you in this turn-key system that takes just 30 minutes per month. Learn more… »

Click here to download the transcript of Jeff's top insights about the financial advice business! Free Instant Access The financial advice business is riddled with conflicts of interest, hidden fees, and financial incentives that can cost you dearly if you don't know how to protect yourself. This is not some crazy conspiracy theory. It is just the way the business works. It is baked in the cake. In a nutshell, you represent a pile of money to investment sales companies. The bigger the pile you have (net worth), the more attractive you are as a client. They are trying to make money off your money, and you are trying to make money off your money. It is an inherent conflict of interest. This doesn't mean all brokers and advisors are bad apples. Quite the opposite is true. There are many wonderful people in the investment business doing their level best to serve you. Unfortunately, it is very difficult for you to understand all the problems lurking behind the scenes let alone defend your nest egg from potential wrongdoing. It's not your fault. After all, terms like broker, financial advisor, and certified financial planner mean nearly the same thing to the untrained consumer; whereas, they carry very different meanings to industry insiders. What can you do to protect your investments? Related: How Your Financial Advisor is Taking 75% of Your Retirement Income (or More!) Video, PDF download, or Audio. In this 8th episode of the Financial Mentor podcast Jeff Rose, CFP, from GoodFinancialCents.Com gives you an inside look at how the investment sales business (brokers, financial planners, advisors) works. Jeff's had a wide ranging career starting with the wire house model before being recruited at Merrill Lynch and then going onto independent brokerage working as a Registered Investment Advisor and gaining his Certified Financial Planner (CFP) designation. This depth of experience gives Jeff an unusually well-qualified perspective to help us understand the various investment product business sales models – warts, blemishes and all – so you can improve your investment performance and manage risk more effectively. In this episode you will discover: The exact reason investment publications from brokerage houses are seldom useful. The differences between the wire house model, independent brokerage model, and registered investment advisor, and why you should care. The amount and type of training a broker receives before recommending investments for your portfolio (you won't believe it!!!). The dramatic conflict of interest between a broker salesman's compensation incentives and the investor client's needs. Discover the important difference between an advisor, a certified financial planner, and a broker. A checklist of the high commission products that serve as a red flag showing your financial advisor may be pursuing his best interests over your own. Uncover the various ways a big, fat commission can be hidden from you. What an investment salesperson is REALLY telling you when he says, “There are no costs involved.” The many ways a “fee only” financial advisor may be compensated (Hint – it's not just his disclosed fee.) The level of service you can expect to receive when you have less than $100,000 to invest. The true business model lurking behind the investment advice business (Amazingly, it's not investment advice.) Why you should care about the difference between “suitability requirement” and “fiduciary responsibility”. The reason a referral from your best friend may not be trustworthy. The most important question you should ask any financial advisor before working with him. Resources and Links Mentioned in this Session Include: Jeff's website is GoodFinancialCents.com. Jeff's new book is Soldier of Finance. Here is my 7 Steps To 7 Figures Wealth Building Course One of my favorite articles from long, long ago mentioned in the podcast – How Wall Street Legally Deceives You! National Association of Personal Financial Advisors (NAPFA.org) Help Out The Show: Finally, if you haven't done so already it would be so helpful if you took a minute to leave a quick review of this podcast on ITunes by clicking on the link below. It is a great way to help the show. We're currently ranking on the outside edge of “New & Noteworthy” in the high profile “All” podcasts category so a few more 5-star reviews should be enough to push it up there (that has huge value for the growth of the show). Because of your support we are already ranking high in the “Business” and “Investing” categories so thank you. These reviews make a huge difference. It is your absolute best way to support this effort… Click here to subscribe to the show on ITunes and leave a review… Alternatively, you can click on the link below and it should also launch ITunes on your computer… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… Investment Losses Suck!Here’s how to make more by losing less…If you're looking for an investment strategy that goes beyond "buy and hold" while controlling risk and requiring as little as 30 minutes a month to manage, this is the answer. It’s so good I wish I had built it myself. Take back control of your portfolio and start getting results today. Learn More Here

Click here to download the transcript of Jonathan's top tips for money and happiness! Free Instant Access Living a wealthy life is about much more than money. Surprisingly, many key principles including risk management, simplicity, and delayed gratification apply equally to personal success as they do to financial success. In this 7th episode of the Financial Mentor podcast Jonathan Clements reveals universal truths about money and happiness developed over his 17 years as a featured columnist for the Wall Street Journal (and more recently with Citi Personal Wealth Management for 5 years). He combed his decades long collection of writings and distilled them down to just the essential core “notions” that every wealth builder must understand. Now we can benefit from this in-depth knowledge about true wealth, money and happiness in this exclusive interview with one of the true veterans of Wall Street personal finance journalism. Related: Why you need a wealth plan, not a financial plan. In this episode you will discover: How to reach lofty financial goals with limited dollars. The “things” you want more than money (the answer may surprise you!) How to choose the right financial product to match your personal goals. When (if ever) it is appropriate to buy life insurance against your child. How to avoid the unexpectedly high cost of emotions in financial decisions. How your biological heritage hard-wires you to fail financially… and what you must do to fix it. The single most important habit for personal and financial success (it's not what you think!) How you can balance delayed gratification for tomorrow while living in the moment today without conflict or stress. The surprising key to a successful and fulfilling retirement. The “hedonic treadmill” and how to avoid post-goal-achievement let down. How to get more joy out of your possessions without spending an extra dime (Hint! It's all in your mind.) The smart way vs. the illusory way to pursue financial freedom. Which path are you following? The simple strategy to recapture the joy of your youth in your retirement years. How your fear of loss can blind you to investment profits – and what you must do to fix it. Why “human capital” is one of the least understood but most intriguing concepts in personal finance. The right time to take risks, and when it is a fool's errand. Resources and Links Mentioned in this Session Include: Jonathan's writings at Citi's website. Jonathan's new book at Amazon The Little Book of Main Street Money: 21 Simple Truths that Help Real People Make Real Money (Little Books. Big Profits). My 7 Steps To 7 Figures Wealth Building Course. Help Out The Show: Finally, if you haven't done so already it would be so helpful if you took a minute to leave a quick review of this podcast on ITunes by clicking on the link below. It is a great way to help the show as I try to achieve enough 5-star ratings to reach “New & Noteworthy” in the high profile “All” podcasts category. Because of your support we are already ranking high in the “Business” and “Investing” categories so it shouldn't take too many more readers to make the goal a reality. Here's how you can support the effort… Click here to subscribe to the show on ITunes and leave a review… Alternatively, you can click on the link below and it should also launch ITunes on your computer… Click here to subscribe and leave a review from inside your ITunes account… Thanks for your support and I hope you enjoyed this episode. Please let me know what you think in the comments below… The One Decision That Can Make Or Break Your Financial Future There are only four paths you can choose from. Click below to find out which path is best for you, and why. Yes! Tell Me About Expectancy Wealth Planning strategy