FinancialMentor.Com http://financialmentor.com Financial Freedom For Smart People Fri, 18 Apr 2014 00:02:43 +0000 en-US hourly 1 http://wordpress.org/?v=3.9 FM 018: How To Break Through Your Most Stubborn Limiting Beliefs With Dane Maxwell http://financialmentor.com/podcast/limiting-beliefs/11732 http://financialmentor.com/podcast/limiting-beliefs/11732#respond Mon, 14 Apr 2014 22:04:34 +0000 http://financialmentor.com/?p=11732 Financial Freedom For Smart People


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.

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:

Overcome Limiting Beliefs With Dane Maxwell

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…

Get Episode #18 PDF Transcript – How To Break-Through Your Most Stubborn Limiting Beliefs:

Click here to grab the PDF transcript of Episode 18 where Dane Maxwell explains how to overcome the limiting beliefs holding you back from greater success in just 20 minutes or less.

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FM 017: Why “Follow Your Passion” Is Bad Advice with Cal Newport http://financialmentor.com/podcast/follow-your-passion/11640 http://financialmentor.com/podcast/follow-your-passion/11640#comments Mon, 24 Mar 2014 20:20:07 +0000 http://financialmentor.com/?p=11640 Financial Freedom For Smart People


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.

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:

Follow Your Passion is Bad Advice with Cal Newport

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…

Get Episode #17 PDF Transcript – Why Follow Your Passion is Bad Advice:

Click here to grab your PDF transcript of Episode 17 with Cal Newport explaining why follow your passion is bad advice.

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FM 016: How To Choose A Financial Advisor with Michael Kitces http://financialmentor.com/podcast/how-to-choose-a-financial-advisor/11434 http://financialmentor.com/podcast/how-to-choose-a-financial-advisor/11434#comments Mon, 03 Mar 2014 19:58:33 +0000 http://financialmentor.com/?p=11434 Financial Freedom For Smart People


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.

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:

How to Choose A Financial Advisor with Michael Kitces

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…

How To Choose A Financial Advisor PDF Transcript:

Click here to grab your PDF transcript of Episode #16 with Michael Kitces showing you how to choose a financial advisor.

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How To Become A Millionaire – 5 Secrets Revealed http://financialmentor.com/wealth-building/how-to-become-a-millionaire/11360 http://financialmentor.com/wealth-building/how-to-become-a-millionaire/11360#comments Mon, 17 Feb 2014 17:29:15 +0000 http://financialmentor.com/?p=11360 Editor’s Note: Jaime Tardy has interviewed more than 120 millionaires to learn the “secrets” for how to become a millionaire. She just published her new book The Eventual Millionaire explaining the most important insights from those interviews. In today’s article she reveals her 5 favorite tips to help you become a millionaire. Take it away Jaime…

It’s amazing!

After interviewing more than 120 millionaires I’ve found more similarities than differences in their stories.

The basic building blocks to wealth are always the same. All of these millionaires seem privy to the same wealth building “secrets”.

Below I share 5 of my favorites tips so you can become a millionaire too…

Make Your Life Happy Before Making a Million

One of the key things I learned during these many interviews is that you need to make your life happy FIRST. That doesn’t mean being rich or working towards a million. That means working on the other aspects of your life.

Everyone thinks that the million will give us the lives we want. I can tell you after interviewing 120 millionaires, it doesn’t. If you want an enjoyable life, it’s easier to obtain that enjoyable life first – before making your first million. It can still be about the money, but only after you choose your life.

Like Jim Rohn said, “After you become a millionaire, you can give all of your money away because what’s important is not the million dollars; what’s important is the person you have become in the process of becoming a millionaire.”

Action Item: Evaluate your life and change 1 thing that you are not happy with.

Take a good, hard look at your life. Certainly there are things you would want to change. Choose 1 thing you’re not happy with – maybe it’s the amount of time you spend with friends and family, maybe it’s a lack of self-care. Whatever it is, name it and find a way to change it so that you can be happy with that aspect. Changing just 1 thing will have a profound effect on your life as a whole.

Control Your Money (Don’t Let It Control You)

Millionaires set a goal and then work toward it. There is never a nebulous plan for a million. One of the first steps in that plan is often to get rid of your debts and take control. Debts have a nasty habit of controlling you and you have to take control of them before you can ever achieve bigger financial goals!

Next, work on your lifestyle. Figure out what work makes you happy by trying different things. A helpful homework assignment is to write down what your perfect day would be like. This will give you an idea of what will truly make you happy.

As Harvard’s resident happiness professor, Tal Ben-Shahar told Yes Magazine.org, “Happiness lies at the intersection between pleasure and meaning. Whether at work or at home, the goal is to engage in activities that are both personally significant and enjoyable.”

Once you’ve made your work and life happy, NOW you can work on the big money. Figure out what your real goal is, whether it’s to create a million dollar business or just have enough money to retire comfortably. Then start to work toward that goal.

Just remember that your goal should be your own and not just a vague goal of having a certain amount of money. Remember, it’s not all about the money and your goal should reflect that. While your final goal will definitely include money, it should also include other things important to YOU – to be the goal to achieve.

Action Item: Create a debt payment plan and follow through with it.

List all of your debts and their minimum monthly payments. Figure out how much extra you can pay on the debt. Put that extra amount toward the smallest debt or the debt with the highest interest rate and set them all on automatic monthly payments. Once that first debt is repaid, take the entire amount you were paying on that first debt and add it to the minimum payment of the next debt to accelerate that payoff. This is known as the debt snowball method and here is a free calculator to make the math easy. Follow this plan until the debt is gone.

Take Opportunities

Millionaires constantly rise to meet any challenge that is presented to them. When an opportunity falls into their lap, they take it, barreling through any obstacles that might be in the way.

Millionaires don’t sit around for weeks analyzing an opportunity or making excuses for why they can’t follow through with it. They do whatever it takes to meet the challenge and to do it well. This is an important trait of all millionaires and a mindset that you should adopt if you want to become one.

The point is that opportunities, especially the great ones, do not come very often. Therefore, when an opportunity arises you have to take it no matter what, providing that you have the confidence to turn this opportunity into a win for yourself.

Action Item: Say yes to at least 1 new opportunity.

When a new opportunity arises, say yes, even if it’s scary or something you’ve never done. This might be an invitation to speak at a conference, a guest blogging opportunity, or something else. No matter what it is, make it a point to say yes.

Overcome Your Excuses

Speaking of excuses, millionaires don’t let excuses hold them back from anything. They realize that every excuse has a solution and they work hard to find the solution to every excuse that may arise. They take action, any action – no matter how small.

If you want something bad enough then you’ll undoubtedly find a way around any excuse you could come up with. As they say, where there’s a will, there’s a way. Millionaires live by this code.

If you are someone who wishes to become a millionaire, then you have to live by this code too. You can start with small things and see whether you can in fact get around excuses. The more you do it, the easier it will become. This is a very important step because getting past excuses results in you becoming less and less indolent with time which, in turn, creates a strong work ethic and greater results.

Action Item: Identify 1 excuse you’ve been using as a crutch and take action to squash it.

Think about all the excuses you make in a day. Do you ever say, “I don’t have time for…” or “I would do that, but…” These are excuses that don’t help you move forward. Identify one of your more frequent excuses and find a way to overcome it and make that thing happen. If you feel you don’t have time for something, take action by prioritizing your time and making room for that one thing.

Millionaires Play a Bigger Game

Finally, I’ve noticed how things that seem huge or scary to me are old hat to millionaires. This is because they take those scary steps in order to keep moving forward. The more we do things, the more normal they get.

For example, when I first started my site, I was a nervous wreck about interviewing millionaires. But now that I’ve been doing it for so long, I’m totally used to it. It’s old hat for me. The same can be true for you with that thing you’re scared of doing.

When you think about the most famous millionaires, there are a few words that probably come to mind, and one of these words is usually fearless. That’s because when they have a fear of doing something they are brave enough to overcome it, plow through it, and see their plan come to fruition.

Action Item: Do 1 thing you’ve been too scared to try and just do it.

What have you been putting off because you’re afraid of failing (or maybe afraid of succeeding)? Name it and put it on the calendar. This gives you a goal and a deadline. Once you do it, you’ll wonder why you were ever afraid to do it in the first place.

How To Become A Millionaire – Summary

These are just 5 of the many ‘secrets’  revealed from more than 120 millionaires interviews that I’ve conducted.

Sure, each millionaire story had its own unique twists and turns, but it was striking how the core of each story was more similar than different. They shared characteristics and habits, and it’s these commonalities that I’ve distilled into my new book The Eventual Millionaire on Amazon.

The key is to implement these lessons into your life and see the positive changes they’ll make. That is why I provided you with specific action steps. My goal is for you to learn how to become a millionaire too.

Just take the first step, even if it’s scary. It’s totally worth it! Never lose sight of what’s important to you and don’t forget that it’s not all about the million bucks!

If you don’t believe me then here is a quote from my interview with Todd Tresidder:(you might be familiar with him) “Once I became a millionaire it was this big ‘so what’. I mean it led to one of the most unhappy periods in my life and I couldn’t really understand why. I just had so many false assumptions in my brain about what it was to be financially independent and what was the basis of happiness and what really leads to happiness and so it really sent me back kind of to ground zero and I started reworking this stuff.”

The goal is your happiness and life fulfillment. Learning how to become a millionaire is an excellent next step in that journey.

You Might Also Like…

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What Frustrates You About Investing? Please Help… http://financialmentor.com/investment-advice/investing/11370 http://financialmentor.com/investment-advice/investing/11370#comments Mon, 10 Feb 2014 17:54:45 +0000 http://financialmentor.com/?p=11370 I need your help please…

I’m trying to understand what bugs you about investing. I want you to rant and share your frustrations.

The reality is I live in a very different investment world than most people. I want to help you, but the only way I can do it is if I know the problems you face. I need to know your reality so please take a minute and vent about your investing pains and frustrations.

Here’s how you can help. Please leave a quick comment below that answers any one (or more) of the following questions:

  • What is your biggest frustration with investing?
  • What investment solution do you wish was available but can’t find anywhere?
  • If the “investment fairy” could wave here magic wand and solve any investment problem for you then what would it be?
  • What bugs you most about the financial advice business? About financial advisors?
  • Anything else relevant??

I really want to know your thoughts to any (or all) of the questions above. Whatever comes to mind is perfect.

I don’t care if somebody else (or 50 other people) said the same thing already. I still want to hear it from you. I want to know your truth.

Seriously, I don’t ask for favors often so please take a minute to share your thoughts. It doesn’t have to be anything big. Whatever comes to mind.

Have fun with it. Let ‘er rip!!

Let’s create a rant session together about everything that bugs you with how to invest money. My goal is to help you solve it (I’m designing a course this Spring), but I can only do that when you tell me what it is.

I really appreciate your help!!

Thank you.

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FM 015: Early Financial Independence With Luke Landes http://financialmentor.com/podcast/early-financial-independence/11269 http://financialmentor.com/podcast/early-financial-independence/11269#respond Mon, 03 Feb 2014 17:37:46 +0000 http://financialmentor.com/?p=11269 Financial Freedom For Smart People


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.

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:

Early Financial Independence with Luke Landes

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…

Early Financial Independence PDF Transcript:

Click here to your PDF transcript of Episode #15 about early financial independence with Luke Landes.

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FM 014: Life Reimagined and The New Retirement with Richard Leider http://financialmentor.com/podcast/life-reimagined/11121 http://financialmentor.com/podcast/life-reimagined/11121#comments Mon, 20 Jan 2014 20:05:55 +0000 http://financialmentor.com/?p=11121 Financial Freedom For Smart People


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.

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:

Life Reimagined Book with Richard Leider

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…

Life Reimagined PDF Transcript:

Click here to get your PDF transcript of “Life Reimagined” Episode #14 with Richard Leider

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FM 013: Simple Financial Planning – The Only 6 Ideas You Need To Know With Philip Taylor http://financialmentor.com/podcast/simple-financial-planning/10963 http://financialmentor.com/podcast/simple-financial-planning/10963#comments Mon, 06 Jan 2014 20:16:43 +0000 http://financialmentor.com/?p=10963 Financial Freedom For Smart People


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.

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:

Simple Financial Planning with Philip Taylor

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…

Simple Financial Planning PDF Transcript:

Click here to get your PDF transcript of Episode #13 with Philip Taylor.

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FM 012: The New Retirement – A Little-Known Path To Fulfillment with Ken Turek http://financialmentor.com/podcast/new-retirement/10723 http://financialmentor.com/podcast/new-retirement/10723#comments Mon, 09 Dec 2013 18:24:12 +0000 http://financialmentor.com/?p=10723 Financial Freedom For Smart People


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?

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:

New Retirement with Ken Turek

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…

PDF Transcript:

Click here to get your PDF transcript of episode #12 about the “New Retirement” with Ken Turek.

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FM 011: Automatic Wealth – How To Master Your Habits with James Clear http://financialmentor.com/podcast/automatic-wealth/10707 http://financialmentor.com/podcast/automatic-wealth/10707#comments Wed, 27 Nov 2013 04:11:19 +0000 http://financialmentor.com/?p=10707 Financial Freedom For Smart People


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.

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 Clear Automatic Wealth Habits

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…

PDF Transcript:

Click here to get your PDF transcript of episode #11 about how habits can be used to produce automatic wealth with James Clear.

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