Creating Richer Lives
246 episodes - English - Latest episode: 7 days ago - ★★★★★ - 19 ratingsWelcome to "Creating Richer Lives", where living a richer life goes beyond the balance in your bank account. In fact, being rich is about what you do with your dollars and how the choices you make with your money not only define your lifestyle now, but impact your legacy for years to come. It’s time to redefine what it means to have a richer life.
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Episodes
What's Your Number?
April 20, 2024 10:00 - 23 minutes - 34.3 MBMany individuals are looking for a number. What's the number? It's a value of their overall portfolio they feel they need to get to in order to retire comfortably. Does that number exist? On this podcast, Karl Eggerss explains that while there is a number, that number can and will change over time. Karl gives some items to consider in order build a comprehensive financial plan that will help achieve a more comfortable retirement. Topics discuss on this podcast: Financial Planning Ret...
Can You Overdo It?
April 13, 2024 10:00 - 18 minutes - 27.7 MBOn this episode, Karl Eggerss explains one of the best ways to be a successful investor. But, this investing technique can be overdone. Are you guilty? You'll find out on this podcast. Topics discuss on this podcast: Investing Federal Reserve Interest Rates Rebalancing For more information, go to https://www.creatingricherlives.com #investing #rebalancing #today #listening #captrust @CAPTRUST
Did Something Just Change?
April 06, 2024 10:00 - 23 minutes - 33.5 MBDue to some recent stronger than expected economic reports, there are some sectors and asset classes that are starting to shine. On this podcast, Karl Eggerss explains which ones they are and if there is a sea change happening. Plus, is your portfolio prepared for the next several months and not the previous several months? Topics discuss on this podcast: Gold Energy Stock Rotation Portfolio Allocation For more information, go to https://www.creatingricherlives.com #gold #stocks ...
Should You Convert?
March 30, 2024 10:00 - 33 minutes - 47.6 MBA recent listener suggestion sparked a conversation between Casey Keller, CFA and Karl Eggerss. The topic is Roth IRA conversions. On this podcast, Karl & Casey break down the pros and cons of converting and whether it makes sense to pay taxes now to avoid paying taxes later. The goal is building wealth and this podcast is full of information on ways to try and achieve greater wealth, potentially through Roth conversions. Topics discuss on this podcast: Roth IRA Roth Conversion Taxe...
Did This One Thing Extend the Bull Market?
March 23, 2024 10:00 - 23 minutes - 34.4 MBThe bull market continues on and it has many questioning how long it will last. One year ago, an event that seemed bad at the time might have been the catalyst for extending the bull run. On this podcast, Karl Eggerss explains what it was and how to navigate the current environment. Topics discuss on this podcast: Federal Reserve Banking Crisis M2 For more information, go to https://www.creatingricherlives.com #M2 #bankingcrisis #today #listening #captrust @CAPTRUST
Is Stagflation Next?
March 16, 2024 10:00 - 20 minutes - 29.6 MBOne of the worst combinations is when an economy is experiencing too much inflation and at the same time an economic slowdown. While it isn't here yet, Karl Eggerss explains why stagflation is something to potentially worry about. Plus, most advisors have very little exposure to gold. Should they? Topics discuss on this podcast: Inflation Stagflation Retail Sales Economy Gold For more information, go to https://www.creatingricherlives.com #inflation #stagflation #gold #today...
An All-Time Record High
March 09, 2024 11:00 - 29 minutes - 42 MBWhile there have been many technology companies reaching new highs recently, there are other asset classes also reaching new highs. It's been a while since these areas have shown this much strength. On this podcast, Karl Eggerss reveals the specifics. Topics discuss on this podcast: Bull Market Market Rotation Bank Failures Federal Reserve For more information, go to https://www.creatingricherlives.com #bullmarket #today #listening #captrust @CAPTRUST
The Greatest Investor of All Time
March 02, 2024 11:00 - 46 minutes - 65.1 MBImagine combining all the traits of the best investors of all-time and using those traits to your advantage. But, what are those traits? On this #podcast, Karl Eggerss welcomes guest Casey Keller, CFA to give us the answers and help you become a better investor. Topics discuss on this podcast: Investing Legends Behavioral Finance Stock Market For more information, go to https://www.creatingricherlives.com #stocks #investinglegeneds #behavioralfinance #today #listening #captrust @CA...
What If?
February 24, 2024 11:00 - 26 minutes - 37.8 MBImagine your stocks not going up for 35 years. This is what investors in another country have experienced. Could it happen in the United States? On this podcast, Karl answers this question. Plus, is it possible to time the stock market? Tune in for the answer. Topis discuss on this podcast: Timing the Market Buy and Hold Artificial Intelligence For more information, go to https://www.creatingricherlives.com #stocks #timingthemarket #buyandhold #today #listening #captrust @CA...
The 5 Biggest Investing Mistakes
February 17, 2024 11:00 - 29 minutes - 41.8 MBIt's been said that to win championships, one needs a good defense more than a good offense. It might be the same when it comes to investing. Eliminating mistakes as an investor can likely improve long-term results. Topics discussed on this podcast: Investing Mistakes Stocks Diversification Successful Investing Get the list of 5 on this #podcast. For more information, go to https://www.creatingricherlives.com #investingmistakes #investing #investments #today #listening #captrus...
Why Invest in International Stocks?
February 10, 2024 11:00 - 21 minutes - 30.6 MBIt's no secret that international stocks have underperformed U.S. stocks for quite a while. This begs the question as to whether or not international stocks are even needed in a portfolio. Why have they underperformed? Will they keep underperforming? Karl Eggerss answers these questions on this #podcast. Topics discussed on this podcast: International Investing Stocks Diversification Interest Rates For more information, go to https://www.creatingricherlives.com #internationalinve...
What's Your Risk Management Strategy?
February 03, 2024 11:00 - 26 minutes - 38.5 MBWhile there are several signs of a strong economy, there are just as many indicators pointing towards a potential recession. This combination creates a very confusing environment for investors. On this podcast, Karl Eggerss explains why investors need a balanced portfolio with a risk management strategy. Topics discussed on this podcast: Risk Management Jobs Recession Federal Reserve For more information, go to https://www.creatingricherlives.com #riskmanagement #...
What Is A Family Office?
January 27, 2024 11:00 - 26 minutes - 37.6 MBYou might have heard of the term "Family Office". On this episode, Karl Eggerss welcomes guest Justin Pawl, CFA, CFP to break down the meaning and what services CAPTRUST offers in this space. Whether you need a "Family Office" or not, you will likely face several tasks that need to be addressed when it comes to your financial picture. Topics discussed on this podcast: Family Office Estate Planning Generational Wealth Legacy Planning For more information, go to https://www.creatingr...
Renewable Energy Explained
January 20, 2024 11:00 - 41 minutes - 59.1 MBThere has been much debate in our country about our future energy needs and the best way to fulfill those needs. Money and politics have been two key contributors to the debate. On this special podcast, Karl Eggerss welcomes Miles Murray, a Sustainability Tech Entrepreneur. He's currently the CEO of LOCOAL and has a new startup called Windchaser. Miles explains the differences between wind and solar, some of the obstacles, and the new solutions he and his company have come up with in this ev...
Longevity Planning
January 13, 2024 11:00 - 21 minutes - 31.9 MBWe're all getting older and as we age, it's extremely important to have plans for what life might look like in the future. On this podcast, Karl Eggerss discusses the aging process and some things to consider from a financial planning standpoint. Also on this episode, inflation is coming down, but perhaps not fast enough for Wall Street. Topics discussed on this podcast: Longevity Planning Elder Care Inflation Federal Reserve For more information, go to https://www.creatingrich...
The Great Reset
January 06, 2024 11:00 - 22 minutes - 32.8 MBOn this week’s podcast, Karl Eggerss discusses “The Great Reset”. What is it? What is it’s origin? How does it affect you? How does it affect your portfolio? Karl will answer all of this on this episode. Plus, stocks and bonds started off the year on a sour note. Should you be concerned? Topics discussed on this podcast: The Great Reset Federal Reserve Interest Rates Stocks Bonds For more information, go to https://www.creatingricherlives.com #TheGreatReset #today #listening ...
This Could Cost You $500 Per Day
December 23, 2023 11:00 - 32 minutes - 46.3 MBFor LLCs and some other entities, a new reporting requirement is about to go into effect. The penalties for not reporting annually are stiff. On this podcast, Karl Eggerss welcomes Oliver Norman, CFP®, ChFC®, CLU®, CDFA. Oliver breaks down the new rule and some key facts. Also on this episode, Karl & Oliver break down other tax changes that will likely affect you in 2024. Topics discussed on this podcast: Beneficial Ownership LLCs Income Tax Changes 2024 Financial Organization Fo...
The Perfect Environment for Stocks
December 16, 2023 11:00 - 24 minutes - 35.4 MBThe "everything rally" continued this week with several asset classes rising as 2023 is close to coming to an end. In fact, the Dow Jones hit an all-time high this week along with several stock indices around the world. The Federal Reserve pivoted, and investors loved it. Karl Eggerss explains why this is a goldilocks period for Wall Street. But, will it last? Topics discussed on this podcast: Stock Market Rally Negative News Interest Rates Federal Reserve For more information, go...
Which Method for Buying and Selling Stocks Works Best?
December 09, 2023 11:00 - 28 minutes - 40.9 MBStocks can be bought and sold using several different methods. Some use technical analysis. Some use fundamental analysis. Which one is better? On this episode, Karl Eggerss explains how each method works and ultimately how he decides when to buy and sell various stocks. Topics discussed on this podcast: Fundamental Analysis Technical Analysis Investments December Rally Bitcoin For more information, go to https://www.creatingricherlives.com #fundamentalanalysi...
Who Do You Think You Are?
December 02, 2023 11:00 - 23 minutes - 34.5 MBWhen the stock market is fluctating, it oftentimes means our emotions are fluctating as well. On this podcast, Karl Eggerss discusses how to handle the emotional swings of being an investor. If you neglect those feelings, it could lead to a bad financial outcome. What type of investor are you? Topics discussed on this podcast: Behavioral Finance Emotional Investing Charlie Munger Volatility Index Santa Claus Rally For more information, go to https://www.creatingricherlives.com ...
Year End Strategies for W-2 Employees
November 25, 2023 11:00 - 24 minutes - 34.9 MBAs a W-2 employee, sometimes you may feel there aren’t a lot of tax strategies available to you. However, that’s not necessarily the case. On this podcast, Karl Eggerss gives several ways you can potentially save on your taxes. As the end of the year is approaching, this is the time to take action. Topics discussed on this podcast: Taxes W-2 Employees Charity Retirement Planning For more information, go to https://www.creatingricherlives.com #W-2 #taxes #charity #...
Is This The Best Thing That Could Have Happened?
November 18, 2023 11:00 - 21 minutes - 31.3 MBThe financial markets rocketed higher during the week because inflation is coming down at a fast rate. That sounds good, but what if it continues and ultimately means the economy slows too much? Karl Eggerss explains how to navigate a changing economy. Also on this podcast, there are numerous conflicts of interest in the financial industry. An article was just published naming names with all the details. Topics discussed on this podcast: Inflation Economy Interest Rates...
Gifting Strategies in a Challenging Housing Market
November 11, 2023 11:00 - 32 minutes - 46.5 MBWith elevated housing prices combined with rapidly rising interest rates, purchasing a home hasn't been this challenging since 1984. This is according to a recent report by Intercontinental Exchange. Because of this, many parents and/or grandparents are wanting to help members of their family get into their first home. On this podcast, Karl welcomes guest Barry Beal, CPWA® to the podcast to discuss various gifting strategies for first time homebuyers. Topics discussed on this podcast: Ho...
When Bad is Good
November 04, 2023 10:00 - 29 minutes - 42.6 MBThe October jobs report was released and it was a worse than expected number. In addition, August and September were revised lower as well. And yet, the stock market soared. Why? Karl Eggerss explains on this podcast. Also on this episode, what does driving your car and exiting off the highway have to do with the economy? Topics discussed on this podcast: Jobs Interest Rates Stock Market Recession For more information, go to https://www.creatingricherlives.com #jobs #recessio...
It Must Be Nice
October 28, 2023 10:00 - 22 minutes - 32 MBOn this episode, Karl Eggerss explains why some people have so much influence that they can simply make a comment or tweet and investors react a certain way. Is it right? Plus, how is your portfolio built? Is there any thought or intentionality or did it just happen? Topics discussed on this podcast: Interest Rates Portfolio Construction Income Real Rates For more information, go to https://www.creatingricherlives.com #portfolioconstruction #investments #income #today #listenin...
Don't Make The Mistake I Did
October 21, 2023 10:00 - 25 minutes - 36.4 MBOn this podcast, Karl Eggerss explains how not having a plan could've caused him to have an outcome he didn't want. He walks listeners through the process of building a plan and then executing on it. Plus, interest rates continue to rise and it continues to be a drag on both stocks and bonds. Topics discussed on this podcast: Financial Plan Interest Rates Stocks Bonds Alternative Investments For more information, go to https://www.creatingricherlives.com #financialplan #inter...
This Changes Everything...or Does It?
October 14, 2023 10:00 - 18 minutes - 27.5 MBA devastating attack on Israel is the latest reminder that geopolitical risk is one risk among many investors must deal with over their investing life. On this episode, Karl Eggerss explains how to deal with this risk and news events of the day that inevitably cause market volatility. Topics discussed on this podcast: Israel News Risk Management For more information, go to https://www.creatingricherlives.com #Israel #riskmanagement #today #listening @CAPTRUST
Just What The Doctor Ordered?
October 07, 2023 10:00 - 22 minutes - 32.6 MBThe Labor Department released the September jobs report on Friday and it was hotter than expected. Initially, stocks sold off as the bears saw it as a potential sign that the Federal Reserve might continue to raise interest rates. But, stocks made a U turn and ended higher after investors digested the data which did also showed lower than expected wage growth. If the economy can add jobs without cuasing more inflation, that would be a goldilox scenario. It's only one report, but the bulls...
It's 2022 All Over Again
September 30, 2023 10:00 - 21 minutes - 31.5 MBThis week and quarter, the stock and bond markets grabbed the 2022 playbook and repeated it. Rising rates spooked investors along with a potential government shutdown. Karl Eggerss discusses this and why patience and diversification is warranted. Topics discussed on this podcast: Government Shutdown U.S. Dollar Bonds Stocks For more information, go to https://www.creatingricherlives.com #dollar #governmentshutdown #stocks #today #listening @CAPTRUST
Could Higher Oil Prices Help Your Investment Portfolio?
September 23, 2023 10:00 - 24 minutes - 35.2 MBThe Federal Reserve left interest rates unchanged this week, but are they close to the end? That is yet to be determined, but perhaps higher oil prices might impact their future decisions. On this podcast, Karl Eggerss discusses the Fed's future path and the impact on the economy and your portfolio. Topics discussed on this podcast: Oil Interest Rates Economy Asset Allocation For more information, go to https://www.creatingricherlives.com #oil #interestrates #economy #investing #...
Where to Find Hidden Money
September 16, 2023 10:00 - 17 minutes - 25.9 MBMany retirees struggle with their cash flow and they may not be living their best retirement. On this podcast, Karl Eggerss discuss a place where many retirees may have hidden dollars. There are several techniques to find and use those dollars. Topics discussed on this podcast: Retirement Cash Flow Retirement Planning For more information, go to https://www.creatingricherlives.com #retirement #cashflow #retirementplanning #today #listening @CAPTRUST
Should I Sell My Rental Property?
September 09, 2023 10:00 - 19 minutes - 28.9 MBMany people have rental homes that were acquired in various ways. The question often comes up wehther or not that rental home is a good deal still and should it be kept or sold. It takes a lot of analysis to determine the answer. On this podcast, Karl Eggerss walks listeners through the steps to analyze a property. Topics discussed on this podcast: Real Estate Rental Properties 1031 Exchange Mortgage Rates For more information, go to https://www.creatingricherlives.com #realestat...
What's the Deal with Bonds?
September 02, 2023 10:00 - 26 minutes - 38.3 MBInterest rates have skyrocked and because of this, many investors are now curious how to build a bond portfolio in conjunction with other types of income in their accounts. On this episode, Karl Eggerss answers a listener question about bonds and he gives a Bonds 101 session. Topics discussed on this podcast: Bonds Bond portfolio Asset Allocation Income For more information, go to https://www.creatingricherlives.com #bonds #income #assetallocation #today #listening @CAPTRUST
What is the Retail Sector Telling Us?
August 26, 2023 10:00 - 20 minutes - 30.2 MBAugust has not been friendly to the retail sector. Many are wondering if this is a sign the economy is weakening and on the verge of a recession. On this podcast, Karl Eggerss explains what he sees in the retail sector and the health of the overall economy. Jerome Powell also spoke on Friday and Wall Street was trying to get some insight into the Federal Reserve's next move. Plus, is your car spying on you? Technology is helping the dealership know what's going on with your car, but is thi...
This Hasn't Happened in 100 Years
August 19, 2023 10:00 - 26 minutes - 38.3 MBThe stock market has pulled back from recent highs as investors digest higher interest rates, a bankruptcy in a Chinese real estate company, and updates on the health of the consumer. In addition, the stock market is entering into a seasonally weak time of the year. On this podcast, Karl Eggerss discusses the state of the financial markets and gives an update on the latest moves by some of the largest investors in the world. Topics discussed on this podcast: Chinese Real Estate Intere...
Cash is an Option
August 12, 2023 10:00 - 24 minutes - 35.9 MBFor well over a decade, interest rates were near 0%. That’s not the case anymore. The Federal Reserve raised rates at a rapid rate in 2022 and 2023. This has both positive and negative repercussions. On this podcast, Karl Eggerss explains why and how short-term instruments like money markets are now an option in an investment allocation. In addition, paying off old debt may not be the best move. Topics discussed on this podcast: Money Markets Cash Debt Interest Rates ...
A Systematic Approach to Riskier Investments
August 05, 2023 10:00 - 21 minutes - 30.6 MBEvery investor wants the highest returns with the least amount of risk. But, we can't always have that. On this episode, Karl Eggerss discusses a way to build a portfolio that allows for risky investments with the goal of higher returns, while still maintaining the long term plan. Topics discussed on this podcast: Risky Investments Alternatives Stocks Real Estate Portfolio Construction For more information, go to https://www.creatingricherlives.com #riskyinvestments #alternativ...
When to Change Your Mind
July 29, 2023 10:00 - 25 minutes - 37 MBHave you ever felt stuck in an investment? Have you ever felt the fear of missing out as stocks are going up and you aren't participating? On this episode, Karl Eggerss walks listeners through the thought process it takes to become a succsesful investor over the long term. Plus, how do capital gains factor in your decision making process when it comes to selling an investment? Karl explains why sometimes it may be worth paying a capital gains tax. Topics discussed on this podcast: FOMO ...
The Biggest Obstacle To Becoming A Successful Investor
July 22, 2023 10:00 - 28 minutes - 40.6 MBKarl's guest this week is Justin Pawl, CFA, CAIA, CFP®. He recently wrote an article titled "Once Bitten, Twice Shy" discussing various issues that get between an investor and successful investing. The financial industry calls it behavioral finance. Topics discussed on this podcast: Investing Biases Investor Confidence Homo Economicus For more information, go to https://www.creatingricherlives.com #stocks #investing #biases #behavioralfinance #today #listening @CAPTRUST
You Think Stocks Are Going Down? Then What?
July 15, 2023 10:00 - 24 minutes - 35.1 MBDo you think the stock market is about to drop? If so, what do you do with your stocks? Sell them, hold them, or change them? Karl Eggerss discusses the best ways to build a portfolio if you think rocky times are ahead. Topics discussed on this podcast: Stocks Dividends Nasdaq Rebalancing Inflation Federal Reserve For more information, go to https://www.creatingricherlives.com #stocks #dividends #nasdaq #inflation #today #listening @CAPTRUST
The Pros and Cons of Mutual Funds
July 08, 2023 10:00 - 24 minutes - 35.3 MBIt is believed the first mutual fund dates back to 1774. Since that time, a lot has changed including more ways for investors to gain access to the stock market. Are mutual funds outdated? Are they still useful? Do they still play a part in a portfolio? On this podcast, Karl Eggerss answers these questions in an educational episode. Topics discussed on this podcast: Mutual Funds Exchange Traded Funds (ETFs) Stocks Diversification For more information, go to https://www.creatingrich...
A Tale of Two Markets
July 01, 2023 10:00 - 22 minutes - 32 MBThe first half of the year is in the bag and it looks dramatically different than it did in 2022. The leaders have changed and the concentration of some big technology stocks have skewed some of the strength so far. On this podcast, Karl Eggerss goes through what has worked in the first half and what to look for in the second half of the year, including whether the rally can continue. Topics discussed on this podcast: Technology stocks First half recap 4th of July Inflat...
How Not to Get Rich
June 24, 2023 10:00 - 25 minutes - 37.2 MBOn this podcast, Karl Eggerss discusses the FOMO that seems to be getting worse in the stock market. In fact, it appears there is a new generation of investors who have learned bad habits and may have to learn a lesson the hard way. Karl shares the one way an individual can learn. Plus, how did you gain your wealth? Topics discussed on this podcast: FOMO Meme Stocks Stocks Wealth Creation Financial Mistakes For more information, go to https://www.creatingricherlives.com #FOMO #...
How Do You Track Your Finances?
June 17, 2023 10:00 - 21 minutes - 31.1 MBOn this podcast, Karl Eggerss discusses financial planning software, budgeting tools and apps, and whether or not they are necessary. Find out what he uses to track his expenses and what tools CAPTRUST uses for clients to not only track expenses, but do in depth financial planning. Topics discussed on this podcast: Financial Planning Apps Budgets Federal Reserve For more information, go to https://www.creatingricherlives.com #budget #financialplanning #apps #retirement @CAPTRUST
Back to Normal
June 10, 2023 10:00 - 24 minutes - 35.9 MBOn this episode, Karl Eggerss discusses whether or not the economy and the financial system is back to normal. After years of ZIRP (zero interest rate policy) by the Federal Reserve, interest rates are now much higher than in years past. This has changed the game. Topics discussed on this podcast: Interest Rates Economy Federal Reserve Stock Market Recession For more information, go to https://www.creatingricherlives.com #recession #stocks #federalreserve #economy @CAPTRUST
Have You Done This for Your Heirs?
June 03, 2023 10:00 - 24 minutes - 34.8 MBOn this episode, Karl Eggerss welcomes guest Oliver Norman, CFP® to the podcast to discuss some items that may be missing from your estate plan. There are legal documents that are included in most estate plans. But, what about the non-legal items? Topics discussed on this podcast: Estate Planning Personal Statement to My Heirs Will Legacy For more information, go to https://www.creatingricherlives.com #estateplanning #financialplanning #legacy #will #heirs @CAPTRUST
Living Off The Interest
May 27, 2023 10:00 - 19 minutes - 28.4 MBWe all grew up hearing to only "live off the interest". Our parents and grandparents told us that was what we should do in retirement. In other words, never invade the principal. But, is that correct? Karl Eggerss discusses this concept on this episode. Are you short changing yourself by living off of the interest only? Topics discussed on this podcast: Living Off The Interest Principal Retirement Interest Rates For more information, go to https://www.creatingricherlives.com #int...
The Next Big Thing? Artificial Intelligence (AI)
May 20, 2023 10:00 - 18 minutes - 27 MBIn the last 30 years, we've seen some big changes in the way we live and subsequently new investment opportunities. First, was the internet in the late 1990s. Then crypto currencies at the end of the last decade. Some got rich from these new inventions and some went broke. On this podcast, Karl Eggerss discusses the latest "big thing", artificial intelligence. Will it change our lives? Are there investment opportunities? This is answered on this podcast. Topics discussed on this podcast: ...
Making A Temporary Loss A Permanent One
May 13, 2023 10:30 - 27 minutes - 39.9 MBWhat do you do when your portfolio is falling? This is when the biggest investment mistakes happen. Karl Eggerss addresses how to handle stock market volatility on this episode. Plus, one of the biggest divergences in stock performance ever is happening right now. Karl explains. Topics discussed on this podcast: Stock Market Losses Small Business Optimism Volatility Inflation Nasdaq FOMO For more information, go to https://www.creatingricherlives.com #inflation #Nasdaq #volat...
Your Debt Is Golden
May 06, 2023 10:30 - 21 minutes - 30.6 MBWith interest rates rising rapidly and the Federal Reserve continuing their inflation battle, it's a good time to assess your debt. Should you always rush to pay off debt? It depends. Plus, another week and another bank failure. Karl Eggerss explains on this episode. Topics discussed on this podcast: Debt First Republic Leading Economic Indicators Federal Reserve Interest Rates For more information, go to https://www.creatingricherlives.com #stocks #bonds #FederalReserve #banks...