The Financial Mentor Podcast https://financialmentor.com Fri, 08 Dec 2017 03:32:09 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.1 Todd Tresidder from the FinancialMentor.com blog reveals unconventional wealth building advice and advanced investment strategy tips. Discover the next step in retirement planning and personal finance from a former professional hedge fund manager turned financial educator.<br /> <br /> If you are tired of the same old “buy, hold, and pray” and worn out frugality tips then this show is for you. Each episode teaches financial freedom for smart people by revealing what works, what doesn’t, and why. Todd has walked the path to wealth himself and coached hundreds of clients just like you to prove out every principle taught – no ivory tower theories or worn out platitudes.<br /> <br /> He’s organized the entire wealth building process into a cohesive, step-by-step system complete with specific action steps so you can produce measurable results. This isn’t just another “get-rich-quick” or “get out of debt” show. This is about carefully engineering your finances to take charge of your life so you can live the adventure you always imagined life could be. Todd R. Tresidder: Financial coach, wealth building strategist, author, investor clean episodic Todd R. Tresidder: Financial coach, wealth building strategist, author, investor todd@financialmentor.com todd@financialmentor.com ( Todd R. Tresidder: Financial coach, wealth building strategist, author, investor) Copyright CreateCorp Business Solutions Inc. DBA FinancialMentor.com. All Rights Reserved Worldwide. Take your retirement planning and wealth building to the next level with unconventional investment advice and financial planning tips based on proven research. The Financial Mentor Podcast https://financialmentor.com/wp-content/uploads/powerpress/Finacial_Mentor_Final_300.jpg https://financialmentor.com Todd Tresidder from the FinancialMentor.com blog reveals unconventional wealth building advice and advanced investment strategy tips. Discover the next step in retirement planning and personal finance from a former professional hedge fund manager turned financial educator. If you are tired of the same old “buy, hold, and pray” and worn out frugality tips then this show is for you. Each episode teaches financial freedom for smart people by revealing what works, what doesn’t, and why. Todd has walked the path to wealth himself and coached hundreds of clients just like you to prove out every principle taught – no ivory tower theories or worn out platitudes. He’s organized the entire wealth building process into a cohesive, step-by-step system complete with specific action steps so you can produce measurable results. This isn’t just another “get-rich-quick” or “get out of debt” show. This is about carefully engineering your finances to take charge of your life so you can live the adventure you always imagined life could be. Reno, Nevada U.S.A. Bi-Weekly FM 024: How To Pay For College When You Don’t Qualify for Financial Aid, with Brad Baldridge & Jocelyn Paonita https://financialmentor.com/podcast/how-to-pay-for-college/21152 Tue, 28 Nov 2017 03:16:40 +0000 https://financialmentor.com/?p=21152 https://financialmentor.com/podcast/how-to-pay-for-college/21152#comments https://financialmentor.com/podcast/how-to-pay-for-college/21152/feed 4 Paying for your kids college is one of the biggest expenses you'll face. Many schools are so expensive that you could give your child a paid-off home and a secure retirement for what the education will cost. To make matters worse, the chances are good you won't qualify for need-based aid to help with the bill. So what are the strategies you can use to make college affordable? In this podcast interview, I provide proven strategies from two separate experts in back-to-back interviews providing a complete guide to making college affordable when you don't qualify for need-based financial aid... FM 24 - Paying for college when the cost of college is ridiculous

Click here to download the transcript of Brad & Jocelyn's best tips on making college affordable when you don't qualify for financial aid!



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.

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:

Financial Mentor Podcast - How to pay for the high cost of college

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…

Your primary relationship can make or break your financial success. Learn how to manage your money and relationships with financial expert Farnoosh Torabi.
[how-much-money-do-i-need-to-retire-footer]
The cost of college has been on an upward trend for the past several years, and there's no sign of it stopping. This can make the task of paying for college seem daunting, especially when you're in a position that disqualifies you for financial aid. Thankfully, there are many legitimate ways to make college more affordable. You'll discover them in this podcast.
]]>
Paying for your kids college is one of the biggest expenses you'll face. Many schools are so expensive that you could give your child a paid-off home and a secure retirement for what the education will cost. To make matters worse,

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.
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 ne...]]>
Todd R. Tresidder: Financial coach, wealth building strategist, author, investor clean 1:52:09
FM 023: Get Your Financial Goals Faster In Business With Brennan Dunn https://financialmentor.com/podcast/brennan-dunn-business-goals-faster/20140 Tue, 27 Jun 2017 16:04:50 +0000 http://financialmentor.com/?p=20140 https://financialmentor.com/podcast/brennan-dunn-business-goals-faster/20140#respond https://financialmentor.com/podcast/brennan-dunn-business-goals-faster/20140/feed 0 Business entrepreneurship is the most common path to wealth, but also the least discussed. It gives you many unexpected benefits including community, connection, contribution, a sense of purpose, and a creative outlet. You can also achieve your freedom goals through business entrepreneurship long before you hit your financial goals because passive income isn't connected to equity like in real estate or paper assets. In addition, business entrepreneurship is a great way to catch-up on your retirement goals if you're behind on savings. But business entrepreneurship isn't for everyone despite all the benefits. That why Brennan Dunn and I explore in this podcast episode the tricks and traps to this critically important asset class you may want to consider using in your wealth plan. Learn from our experience so you can decide what works for you. Brennan has developed several businesses in the six to seven figure range and will show you how to use this asset class to achieve your financial goals. Reach your financial goals faster in business, with Brennan Dunn, founder of Double Your Freelancing

Click here to download the transcript of Brennan's smart business advice for aspiring or stuck entrepreneurs!



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.

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:

Financial Mentor Podcast Image

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…
[how-much-money-do-i-need-to-retire-footer]

Want to reach financial freedom through business entrepreneurship? It's the quickest path to wealth as evidenced by those on the Forbes 400 list, but it's not for everyone. Learn from Brennan Dunn's successes and failures - he has created two seven-figure businesses and achieved financial freedom.
]]>
Business entrepreneurship is the most common path to wealth, but also the least discussed. It gives you many unexpected benefits including community, connection, contribution, a sense of purpose, and a creative outlet.

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.
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
Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 23 Get Your Financial Goals Faster In Business With Brennan Dunn clean 1:14:22
FM 022: The Shocking Truth About Life After Financial Independence with Tess Vigeland https://financialmentor.com/podcast/financial-independence/20113 Fri, 18 Nov 2016 17:20:49 +0000 http://financialmentor.com/?p=20113 https://financialmentor.com/podcast/financial-independence/20113#respond https://financialmentor.com/podcast/financial-independence/20113/feed 0 Post-career life is not what you expect. The pro-leisure circuit of living an endless vacation in permanent bliss is a myth. Many early retirees face a rude awakening without a career that gives purpose and defines your identity. In this interview I talk with Tess Vigeland, author of Leap and former host for NPR's Marketplace Money, as we reveal case studies and research giving actionable advice on how to manage the post-career transition smoothly and find happiness on the other side. Preparation is the key to navigating the change smoothly, and this podcast will show you how... Surprising financial independence insights about life without a career. Case studies & research so you can prepare for career change or early retirement.

Click here to download the transcript of Tess' best tips on finding true happiness and fulfillment!



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:

Financial Mentor Podcast Image

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…

Post-career life - and similarly, achieving financial independence - is not what you expect. The idea that it's an endless vacation in permanent bliss is a myth. Many early retirees face a rude awakening without a career that gives purpose and defines your identity. Tess Vigeland and I discuss how to navigate this challenging time.
[how-much-money-do-i-need-to-retire-footer] ]]>
Post-career life is not what you expect. The pro-leisure circuit of living an endless vacation in permanent bliss is a myth. Many early retirees face a rude awakening without a career that gives purpose and defines your identity.

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.
]]>
Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 22 The Shocking Truth About Life After Financial Independence with Tess Vigeland clean 50:12
FM 021: Money and Relationships with Farnoosh Torabi https://financialmentor.com/podcast/money-and-relationships/15717 Tue, 28 Apr 2015 21:37:31 +0000 http://financialmentor.com/?p=15717 https://financialmentor.com/podcast/money-and-relationships/15717#comments https://financialmentor.com/podcast/money-and-relationships/15717/feed 1 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. In this episode of the Financial Mentor podcast Farnoosh Torabi and I take taboo subjects and gender biases head-on so you can avoid the landmines hiding under the financial side of your relationship... Money and relationships with Farnoosh Torabi

Click here to download the transcript of Farnoosh's best money & relationship tips!



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.

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:

Financial Mentor Podcast Image

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…

Your primary relationship can make or break your financial success. Learn how to manage your money and relationships with financial expert Farnoosh Torabi.
[dont-hire-a-financial-coach-footer] ]]>
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.

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.
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.
]]>
Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 21 Money and Relationships with Farnoosh Torabi clean 1:03:21
FM 020: How to Get Rich Slowly with J.D. Roth https://financialmentor.com/podcast/get-rich-slowly/15684 Thu, 23 Apr 2015 00:28:00 +0000 http://financialmentor.com/?p=15684 https://financialmentor.com/podcast/get-rich-slowly/15684#respond https://financialmentor.com/podcast/get-rich-slowly/15684/feed 0 The difference between debt and wealth is large in life, but small in terms of the life habits required to actually make the difference. J.D. Roth, founder of Get Rich Slowly, shares how he transformed his financial situation from debt to wealth in just a few short years by simply changing his life habits. These are principles everyone can implement to build a rock-solid financial foundation that will help you achieve your financial goals... Want to learn how to get rich slowly? Build a rock solid financial foundation. Here's how.

Click here to download the transcript of J.D.'s best tips to get rich slowly!



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.

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:

Financial Mentor Podcast Image

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…

How to develop a rock solid financial foundation that paves the way for wealth and financial success with J.D. Roth, founder of Get Rich Slowly.
[how-much-money-do-i-need-to-retire-footer] ]]>
The difference between debt and wealth is large in life, but small in terms of the life habits required to actually make the difference. J.D. Roth, founder of Get Rich Slowly, shares how he transformed his financial situation from debt to wealth in jus...

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.
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 livi...]]>
Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 20 How to Get Rich Slowly with J.D. Roth clean 1:21:29
FM 019: Expected Value Formula – The Missing Key To Building Wealth with Billy Murphy https://financialmentor.com/podcast/expected-value-formula/11977 Sun, 11 May 2014 18:16:48 +0000 http://financialmentor.com/?p=11977 https://financialmentor.com/podcast/expected-value-formula/11977#comments https://financialmentor.com/podcast/expected-value-formula/11977/feed 3 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. The process 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 - so that you know how to put it to work in your wealth plans starting today... Expected Value Formula with Billy Murphy Image

Click here to download the transcript of Billy's top tips to use expected value to build your wealth!



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.

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:

Financial Mentor Podcast Image

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 how the expected value formula works to build your wealth. Explains mathematical expectancy and probability with step-by-step actions to help...
[how-much-money-do-i-need-to-retire-footer] ]]>
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. The process isn't random luck. In Episode 19 of the Financial Mentor podcast we'll e...

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.
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 http://financialmentor.com/?p=11732 https://financialmentor.com/podcast/limiting-beliefs/11732#comments https://financialmentor.com/podcast/limiting-beliefs/11732/feed 1 Achieving any goal isn't about how-to instruction. It's about people. Don't waste your time on tips and tricks. After all, if how-to's were enough 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. And therein lies the rub. Something is keeping you from implementing as well as you might like. The cause is limiting beliefs and the solution is far easier than you probably realize. Discover how in episode #18 of the Financial Mentor podcast... How To Overcome Limiting Beliefs With Dane Maxwell

Click here to download the transcript of Dane's best tips for breaking through limiting beliefs!



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:

Financial Mentor Podcast Image

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…

Step-by-step instructions show you how to overcome limiting beliefs so you can achieve greater success with less effort. In just 20 minutes you will be...
[how-much-money-do-i-need-to-retire-footer] ]]> Achieving any goal isn't about how-to instruction. It's about people. Don't waste your time on tips and tricks. After all, if how-to's were enough then we would all be thin, rich, and happy because all the knowledge you need to attain anything you want...

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:


* 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.
]]>
Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 18 How To Break Through Your Most Stubborn Limiting Beliefs With Dane Maxwell clean 1:17:24
FM 017: Why “Follow Your Passion” Is Bad Advice with Cal Newport https://financialmentor.com/podcast/follow-your-passion/11640 Mon, 24 Mar 2014 20:20:07 +0000 http://financialmentor.com/?p=11640 https://financialmentor.com/podcast/follow-your-passion/11640#comments https://financialmentor.com/podcast/follow-your-passion/11640/feed 4 You've heard it repeated so many times that you no longer question if it is 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. The only problem is it's wrong. In this episode I take you beyond the superficial knowledge to a deeper layer of knowledge showing you how career development connects to wealth building so you can enjoy the freedom you desire long before your assets will support it... Follow Your Passion Is Bad Advice With Cal Newport

Click here to download the transcript of Cal's best tips on building a fulfilling career (and true wealth)!



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:

Financial Mentor Podcast Image

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!

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Follow your passion is bad advice that causes career dissatisfaction and disillusion. Discover how to build a life you love using proven principles that...
[how-much-money-do-i-need-to-retire-footer] ]]>
You've heard it repeated so many times that you no longer question if it is 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.

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...]]>
Todd R. Tresidder: Financial coach, wealth building strategist, author, investor clean
FM 016: How To Choose A Financial Advisor with Michael Kitces https://financialmentor.com/podcast/how-to-choose-a-financial-advisor/11434 Mon, 03 Mar 2014 19:58:33 +0000 http://financialmentor.com/?p=11434 https://financialmentor.com/podcast/how-to-choose-a-financial-advisor/11434#comments https://financialmentor.com/podcast/how-to-choose-a-financial-advisor/11434/feed 3 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? In this latest episode of the Financial Mentor Podcast I'll give you a step-by-step due diligence checklist for how to choose a financial advisor that perfectly fits your needs. You'll discover how to sort through the maze of confusion so that you can get the expert help you need to reach your financial goals - without getting ripped off... How to choose a financial advisor with Michael Kitces

Click here to download the transcript of Michael's best tips for choosing a financial advisor!



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:

Financial Mentor Podcast Image

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…

It's hard to know how to choose a financial advisor. Here how to get your step-by-step due diligence checklist to find the perfect advisor for your needs...
[dont-hire-a-financial-coach-footer] ]]>
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? In this latest episode of the Financial Mentor Podcast I'll give you...

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:


* 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 http://financialmentor.com/?p=11269 https://financialmentor.com/podcast/early-financial-independence/11269#comments https://financialmentor.com/podcast/early-financial-independence/11269/feed 2 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, 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 what most people would expect... Early financial independence with Luke Landes

Click here to download the transcript of Luke's best early financial independence tips!



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:

Financial Mentor Podcast Image

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 how early financial independence may be closer than you believed. Financial freedom works differently than common taught. Key insights for you...
[how-much-money-do-i-need-to-retire-footer] ]]> 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.

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.
]]>
Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 15 Early Financial Independence With Luke Landes clean 1:07:00
FM 014: Life Reimagined and The New Retirement with Richard Leider https://financialmentor.com/podcast/life-reimagined/11121 Mon, 20 Jan 2014 20:05:55 +0000 http://financialmentor.com/?p=11121 The "New Retirement" is gathering momentum and catching major media attention. In fact, no less than AARP has gotten behind the initiative with a new book titled "Life Reimagined" by Richard Leider. 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. Richard and I reveal new insights to help you... The "New Retirement" is gathering momentum and catching major media attention. In fact, no less than AARP has gotten behind the initiative with a new book titled "Life Reimagined" by Richard Leider. If you have any interest in retiring with financial ... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 14 Life Reimagined and The New Retirement with Richard Leider clean 1:15:34 FM 013: Simple Financial Planning – The Only 6 Ideas You Need To Know With Philip Taylor https://financialmentor.com/podcast/simple-financial-planning/10963 Mon, 06 Jan 2014 20:16:43 +0000 http://financialmentor.com/?p=10963 As I sat with 3,000 fellow entrepreneurs waiting for the next speaker to enter the stage, the beauty of Portland's antique theater overwhelmed me. Wrought iron railings, ornate tapestries, brass fixtures, and gold inset wood designs set the mood for Tess Vigelund from NPR's "MarketPlace Money" (9 million weekly listeners) to take the stage. After thunderous applause, she stunned me with her bold statement. 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... As I sat with 3,000 fellow entrepreneurs waiting for the next speaker to enter the stage, the beauty of Portland's antique theater overwhelmed me. Wrought iron railings, ornate tapestries, brass fixtures, and gold inset wood designs set the mood for Te... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 13 Simple Financial Planning - The Only 6 Ideas You Need To Know With Philip Taylor clean 1:08:29 FM 012: The New Retirement – A Little-Known Path To Fulfillment with Ken Turek https://financialmentor.com/podcast/new-retirement/10723 Mon, 09 Dec 2013 18:24:12 +0000 http://financialmentor.com/?p=10723 If you think retirement is about old age and endless rounds of golf then think again. Increasing longevity has changed all the old rules for retirement planning. When you understand the new rules you can retire younger with less money, greater financial security, and greater life fulfillment. This isn't your father's or grandfather's retirement. It is a whole new definition of what it means to "retire" and explains how you can completely redesign your life for fulfillment far earlier than you ever imagined possible... If you think retirement is about old age and endless rounds of golf then think again. Increasing longevity has changed all the old rules for retirement planning. When you understand the new rules you can retire younger with less money, Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 12 The New Retirement - A Little-Known Path To Fulfillment with Ken Turek clean 56:19 FM 011: Automatic Wealth – How To Master Your Habits with James Clear https://financialmentor.com/podcast/automatic-wealth/10707 Wed, 27 Nov 2013 04:11:19 +0000 http://financialmentor.com/?p=10707 What is the easiest, most certain way to achieve anything? Daily habits. Any goal you want in life can be attained with a few carefully chosen habits and sufficient 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 most certain and reliable way to achieve any goal when you know how to work the system. In Financial Mentor podcast episode #11, James Clear and I will show you how... What is the easiest, most certain way to achieve anything? Daily habits. Any goal you want in life can be attained with a few carefully chosen habits and sufficient time. It's really quite simple. Habits compound your daily actions into automatic wealt... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 11 Automatic Wealth - How To Master Your Habits with James Clear clean 1:19:08 FM 010: How To Engineer Your Wealth Using Retirement Calculators With Darrow Kirkpatrick https://financialmentor.com/podcast/retirement-calculators/10688 Tue, 19 Nov 2013 01:38:15 +0000 http://financialmentor.com/?p=10688 Retirement calculators are powerful tools when used properly, but they are 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 engineering your way to wealth and using retirement calculators as a handy tool to make the math easy. There are many nuances and little-known creative strategies that can help you 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... Retirement calculators are powerful tools when used properly, but they are 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 calcula... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 10 How To Engineer Your Wealth Using Retirement Calculators With Darrow Kirkpatrick clean 57:10 FM 009: How To Convert Your Volatile Investment Portfolio Into Automatic Income With Wade Pfau https://financialmentor.com/podcast/automatic-income/10653 Tue, 12 Nov 2013 22:36:57 +0000 http://financialmentor.com/?p=10653 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. Traditional financial planning provides an oversimplified answer in the 4% Rule, but the latest research into safe withdrawal rates has revealed surprisingly different conclusions that can dramatically impact how you plan your retirement savings strategy... 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. Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 9 How To Convert Your Volatile Investment Portfolio Into Automatic Income With Wade Pfau clean 46:46 FM 008: The Shocking Truth About The Financial Advice Business With Jeff Rose https://financialmentor.com/podcast/financial-advice-business/10621 Mon, 04 Nov 2013 09:19:31 +0000 http://financialmentor.com/?p=10621 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. Get the inside scoop showing you how the various investment product sales models work - warts, blemishes and all - so you can improve your investment performance and manage risk more effectively... 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. Get the inside scoop showing you how the various investment product sales mod... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 8 The Shocking Truth About The Financial Advice Business With Jeff Rose clean 1:08:50 FM 007: The Wall Street Journal & Citi Guide To Money And Happiness With Jonathan Clements https://financialmentor.com/podcast/wsj-money-and-happiness/10596 Wed, 30 Oct 2013 00:41:48 +0000 http://financialmentor.com/?p=10596 Jonathan Clements reveals universal financial truths 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). His most recent work involved combing his decades long collection of writings and distilling them down to just the essential core "notions" that every wealth builder must understand. Now you can benefit from this unusual depth of knowledge in this exclusive interview with one of the true veterans of Wall Street personal finance journalism... Jonathan Clements reveals universal financial truths 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). His most recent work involved combing his decades... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 7 The Wall Street Journal & Citi Guide To Money And Happiness With Jonathan Clements clean 56:03 FM 006: The Habit of Wealth With Scott H. Young https://financialmentor.com/podcast/habit-scott-young/10562 Mon, 21 Oct 2013 21:44:42 +0000 http://financialmentor.com/?p=10562 Habits are the easiest, most secure way to achieve any goal - including wealth. Whether you want to learn how to invest smarter, grow your net worth, lose weight, or get in great shape - habits are the key. The right habits literally pull you toward the goal. In this podcast we reveal all the tricks and tips you must know to change your habits and proactively design your life to achieve any outcome you desire - including wealth... Habits are the easiest, most secure way to achieve any goal - including wealth. Whether you want to learn how to invest smarter, grow your net worth, lose weight, or get in great shape - habits are the key. Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 6 The Habit of Wealth With Scott H. Young clean 59:49 FM 005: How To Budget Your Way To Wealth with Jesse Mecham https://financialmentor.com/podcast/005-budget/10544 Sat, 12 Oct 2013 01:00:53 +0000 http://financialmentor.com/?p=10544 Your budget is the foundation of your wealth plan. In fact, it is so important it's the cornerstone. Unfortunately, most people don't understand budgeting and falsely believe it is about sacrifice and discipline. Nothing could be further from the truth. In this fifth episode of the FinancialMentor podcast Jesse Mecham explains why budgeting is the cornerstone of your wealth plan and how you can make it work for you. Surprisingly, it is probably not what you think... Your budget is the foundation of your wealth plan. In fact, it is so important it's the cornerstone. Unfortunately, most people don't understand budgeting and falsely believe it is about sacrifice and discipline. Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 5 How To Budget Your Way To Wealth with Jesse Mecham clean 1:21:56 FM 004: Early Retirement Success Story with Doug Nordman https://financialmentor.com/podcast/004-early-retirement/10509 Tue, 01 Oct 2013 19:36:15 +0000 http://financialmentor.com/?p=10509 Early retirement is simple. Discover how to do it with confidence and security in this interview with Doug Nordman illustrating the essential principles nearly everyone must follow. Doug's story is a great example because his path was unusual, but the principles he followed are not. They are timeless and essential to achieving the goal. Discover how... Early retirement is simple. Discover how to do it with confidence and security in this interview with Doug Nordman illustrating the essential principles nearly everyone must follow. Doug's story is a great example because his path was unusual, Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 4 Early Retirement Success Story with Doug Nordman clean 58:33 FM 003: How To Build Wealth Through Business with Jaime Tardy https://financialmentor.com/podcast/003-how-to-build-wealth/10251 Tue, 17 Sep 2013 13:53:34 +0000 http://financialmentor.com/?p=10251 In this third session of the Financial Mentor Podcast, Jaime Tardy from EventualMillionaire.com shares unique insights into how to build wealth using the business/entrepreneurial path. Jaime has interviewed more than 100 self-made millionaires and discovered specific patterns that lead to success in business which she reveals as a core set of actionable principles in this podcast. These are real insights from real millionaires that replace common myths taught elsewhere and is essential learning for anyone seeking to achieve wealth... In this third session of the Financial Mentor Podcast, Jaime Tardy from EventualMillionaire.com shares unique insights into how to build wealth using the business/entrepreneurial path. Jaime has interviewed more than 100 self-made millionaires and disc... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 3 How To Build Wealth Through Business with Jaime Tardy clean 43:07 FM 002: How To Retire At 50 with Darrow Kirkpatrick https://financialmentor.com/podcast/002-how-to-retire-at-50/10248 Fri, 30 Aug 2013 17:28:56 +0000 http://financialmentor.com/?p=10248 Discover how to retire at 50 in our second podcast interview featuring Darrow Kirkpatrick. You'll learn proven investment strategy, the key savings principles that work reliably, and surprising insights explaining why frugality is more important than commonly understood and why security is less important. This is the "Everyman's" path to wealth that just plain works if you listen and implement the lessons... Discover how to retire at 50 in our second podcast interview featuring Darrow Kirkpatrick. You'll learn proven investment strategy, the key savings principles that work reliably, and surprising insights explaining why frugality is more important than c... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor 2 How To Retire At 50 with Darrow Kirkpatrick clean 43:52 FM 001: The Truth About Retirement Income & Dave Ramsey’s Shocking ROI and Safe Withdrawal Rate Assumptions with Wade Pfau https://financialmentor.com/podcast/001-retirement-income-wade-pfau/10243 Wed, 21 Aug 2013 23:51:21 +0000 http://financialmentor.com/?p=10243 In this first episode of the Financial Mentor podcast, professor Wade Pfau reveals the truth about retirement income and investment return assumptions so you can plan your financial future with confidence. All research and facts are contrasted with Dave Ramsey's unsupportable claims that you can realistically expect 12% investment returns and an 8% safe withdrawal rate in retirement. The result is deep knowledge about sound retirement planning strategy practices so you can build your financial security with confidence and peace of mind... In this first episode of the Financial Mentor podcast, professor Wade Pfau reveals the truth about retirement income and investment return assumptions so you can plan your financial future with confidence. All research and facts are contrasted with Dav... Todd R. Tresidder: Financial coach, wealth building strategist, author, investor clean