Disruptive Money Management
28 episodes - English - Latest episode: over 2 years ago -Henry Wong from Disruptive Money Management reveals all of his financial planning and asset management strategies to help guide you towards financial freedom. Whether you're just starting out in your financial goals or trying to check if you're on track for retirement, you'll discover that Henry shares and bares all from an industry insider perspective. Henry leaves no financial tools unchecked, nor is he afraid to disrupt industry secrets so that you can make a proper determination on what investment guidelines are in your own best interest. Henry is well-versed in all aspects of financial planning, from using insurance as a tool to protect, to educating individuals about portfolio building and risk tolerance. You'll learn about the best ways to invest for your age and hear an unbiased approach to stocks, bonds, mutual funds, ETFs, and annuities. In the end, we're all on the path towards financial independence and you'll hear from someone who is unabashed on telling it like it is. If you're tired of hearing from slick salespeople sell you expensive products, then you're not going to want to miss this show. Hit subscribe and get ready to fire up your financial life.
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Episodes
Retirement Mindset Part 2 of 5: Figuring Out Your Social Security and Pension Income Strategies
November 22, 2021 06:00 - 17 minutes - 12.2 MBFor many of us, we only get one shot at retirement. Because let's face it, how many times have you sat there thinking that if only you knew what you knew now about financial planning ten-fifteen-twenty years ago? That if you knew better when you were younger about how to make smarter money decisions, you would be in a much better financial position than you are now? While we may not be able to recreate our decisions, we can focus on the here and now. We can ensure that we are taking every a...
Retirement Mindset Part 1 of 5: The Goal
November 15, 2021 12:00 - 13 minutes - 9 MBLet's face it, for most of our lives, we were taught that if we did well in school we would secure a financially stable job that would allow us to work countless hours for years on end. Yet, no where in any of those areas of education or professional training were we given an indication of how long we must work for to secure a successful retirement. In fact, the idea of having secured a successful retirement is generally unknown for most individuals until they are ready to retire. In every ...
Year-End Financial Check Up
November 08, 2021 06:00 - 16 minutes - 11.4 MBAs we quickly approach the end of the year, it is crucial that we take the moment to think about our financial health and whether we have taken all of the appropriate steps to not only decrease our tax liability but also protect our family. With less than two months left before the year-end, now is the most appropriate time to check your financial affairs and ensure everything is in order. Join Henry as he goes over the financial health check-up that you should be conducting before we dive ...
Financial First Steps for Graduating Physicians
November 01, 2021 05:00 - 32 minutes - 22.5 MBJoin Henry as he goes over the financial first steps for graduating physicians and healthcare workers. In a simple five-step structure, Henry outlines the first five things graduating healthcare professionals should focus on for a pathway towards financial independence. Healthcare professionals spend an exorbitant amount of time and money to obtain their professional education. Unfortunately, while the education system may be sufficient to help prepare healthcare professionals for a career ...
Financial Heart to Heart for Couples
October 25, 2021 11:00 - 17 minutes - 12.4 MBIt's hard enough trying to get your financial house in order individually but what happens at the joining of two people? With money being the very core of almost all aspects of our lives, it's critical in today's environment that we embrace money matters together. With financial matters being one of the primary reasons why couples fight, it is best to embrace that money will be something you will have to talk about with your partner. But money talks shouldn't have to be complicated, embarra...
Your Social Security Checks Are About To Get A Whole Lot Fatter and The Retirement Readiness Questions You Need to Ask Yourself Today
October 18, 2021 05:00 - 13 minutes - 9.2 MBSocial Security checks are about to get a whole lot bigger come January 2022 but is it enough? Learn why the largest boost to Social Security in over thirty years is still not enough to retire comfortably. Additionally, be sure to ask yourselves these retirement readiness questions to check whether you’re on track to financial independence. Link to "How To Calculate Whether You Have Enough Saved for Retirement": Read: https://juncture401k.com/disruptive-money-management/2021/10/3/how-to-c...
Debt Ceiling and The Secret to Becoming Financially Independent
October 11, 2021 11:00 - 22 minutes - 15.3 MBHave you ever felt that your financial life controlled you more than you control your finances? It's no secret that a majority of our life is dictated by money-how much we have and do not have, how much we need, and how much we wish we had. Monetary needs are no longer the primary driver of our economy but also of our lives. It is money that makes us do what we do because without it, rent goes unpaid and lifestyles get shifted. But why should that always be the case? Imagine a life where y...
How to Calculate Whether You Have Saved Enough for Retirement
October 04, 2021 11:00 - 18 minutes - 13.1 MBImagine you are needing to drive to a very important function that is a half day's drive away. How would you go about making this drive? For starters, you'll probably want to know the actual distance between where you are as well as that of your destination. You'll probably also want to know how fast you are driving so you can calculate an expected arrival time. Getting from Point A to your destination is more about knowing what the journey is like, running assumptions and accounting for var...
Understanding and Maximizing Social Security Benefits
September 27, 2021 05:00 - 23 minutes - 16 MBMost Americans know about Social Security because of the taxes they pay towards it but how many actually know how the benefits work and how they should file? If you do not fully understand the benefits then this was written just for you with strategies for maximizing benefits for couples, divorcees, and widows. The last episode of the depleting Social Security Trust Fund generated so many questions surrounding Social Security that we are back with a release on an in-depth understanding of ...
Social Security Is Running Out - Here's How Much You Can Expect To Lose In Benefits
September 20, 2021 11:00 - 20 minutes - 14.4 MBSince 1935, Social Security has been the cornerstone of retirement income for many Americans. In fact, 40% of current retirees rely completely on Social Security for income. So what happens when the Social Security Trust Fund starts to run out of money? With over 65 million Americans drawing on this benefit monthly and longevity on the rise, it was inevitable that the system would start to collapse. Well, the numbers have been released and it is not looking pretty. Join Henry as he goes ove...
Attracting and Retaining Employees During A Labor Shortage
September 12, 2021 02:00 - 12 minutes - 8.97 MBMany would think that during a coronavirus pandemic, the least of our worries is finding people willing to work but yet that is the encounter many business owners are facing this summer. The Great American Labor Shortage of 2021 is driven not only by health-related fears but also as the largest working generation, Millennials and Gen-Z shift their mindset regarding work-life balance. Join Henry as he uncovers the five most common reasons why Millennials and Gen-Z are making career changes ...
What To Do With Company Stock? Should I Sell or Hold The Positions?
March 14, 2021 20:00 - 15 minutes - 10.6 MBHave you ever wondered whether you should sell your company stock or continue holding onto it for the long haul? What you should do ought to be based on the questions you have on your overall financial life. Remember that company stock is just an instrument to help you achieve your overall financial goals. Before deciding what to do, join Henry as he asks you the three fundamental questions relative to the financial life that you need to answer before deciding whether you sell or not.
The Advantages and Pitfalls of a Simple IRA For Small Business Retirement Solutions
October 01, 2020 18:00 - 23 minutes - 16.2 MBIn this latest episode of Disruptive Money Management, Henry goes over the Simple IRA plan and why for many years it was the go-to for small business for retirement solutions. While the Simple IRA may have low to no implementation cost and very minimal in employer annual administrative expense, the plan itself can be loaded with very expensive fees that can quickly add up. Henry highlights the advantages and disadvantages of the Simple IRA plan in today's modern retirement environment. A fo...
Why The Defined Benefit Plan Is The Single Greatest Investment Vehicle for Business Owners and Solo Entrepreneurs
September 24, 2020 18:00 - 21 minutes - 14.7 MBJoin Disruptive Money Management with Henry Wong in this latest episode on defined benefit plans. The defined benefit plan is often overlooked for retirement planning because of the complexities and intricacies involved in running a successful defined benefit plan. The defined benefit plan, otherwise known as the pension plan, has historically fallen from popularity because of the high employer cost of funding guaranteed retirement income for all of its employees. For a Fortune 500 company...
Retirement Savings for Solo Entrepreneurs
September 17, 2020 16:00 - 15 minutes - 10.9 MBJoin Henry in his latest episode on why retirement savings for solo entrepreneurs can be more easily accessible than most people think. Henry goes into the differences between the SEP IRA and the Solo 401(k) for solo entrepreneurs and how saving for retirement outside of corporate America is easier than expected. With monetization on content creation and the readily available access to digital media, solo entrepreneurship has never been higher. Solo entrepreneurs are defined as those that ...
Should I Be Buying A Home Right Now During This Housing Bull Market?
September 10, 2020 16:00 - 13 minutes - 8.98 MBJoin Henry as he goes over the current housing market environment and what has led to home prices reaching all-time highs and entering into bidding wars. If you're on the fence on buying a house or have told now is the best time to buy a house, please be sure to give this a listen before diving into what will effectively become the biggest purchase of your life. While interest may be at all-time lows, the inherently low-interest rates do not necessarily mean this is the best time for you to...
Protecting Your Family From Unexpected Death with Low Cost Life Insurance
September 03, 2020 16:00 - 14 minutes - 9.93 MBSeptember is Life Insurance Awareness Month, and during these unprecedented times with COVID-19, protecting your family is more important than ever. Statistics show that new life insurance policies started this year has far surpassed the years before. Protecting your family from your unexpected death is simple and can be much more cost-effective than you may think. However, not all life insurance carriers are created equal, and cost for coverage can vary across different insurance companies....
SPACs - What They Are and Are They Right For You?
August 27, 2020 16:00 - 18 minutes - 12.6 MBDisruptive Money Management with Henry Wong is back with another episode explaining the hottest investment trend of 2020. SPAC, or otherwise known as Special Acquisition Company have been the subject of the major media limelight. The traditional method of bringing a private company to market via IPO is still strong but even stronger still is the SPAC model. Companies such as Virgin Galactic, DraftKings, and Nikola Motors have all debuted on the public markets through SPAC vehicles. Unlike ...
I'm Ready To Invest But Where Do I Start?
August 20, 2020 16:00 - 20 minutes - 14.4 MBIn this episode, Henry goes over the steps to take in order to start investing. We all know that investing is the way to build wealth but are you doing it in a tax-efficient manner? Henry goes over why it is important to think first about taxes before just blindly opening up a trading account. Using the tax-advantaged vehicles like the 401(k) and the Roth IRA is the first place individuals should go when they are ready to start investing. It is only after having completely hit the upper li...
Understanding the Backdoor Roth IRA
August 13, 2020 16:00 - 14 minutes - 10.3 MBIn this episode, Henry goes over the key components for indirectly contributing to a Roth IRA. For individuals who are over the income eligibility threshold of directly contributing to the Roth IRA, there is a solution! The Backdoor Roth IRA method allows individuals to still contribute to a tax-free investment account. This process is not without hoops to jump through but the steps are easy to understand and completely do-able. For those with additional questions, please feel free to reach...
5 Costly Roth IRA Mistakes
August 06, 2020 16:00 - 16 minutes - 11.1 MBAs a follow-up to the Traditional IRA versus the Roth IRA, Henry shares the five most common mistakes when using this investment vehicle. The Roth IRA is the quintessential wealth builder account and if you're using this to build your wealth, you want to be sure to catch this episode! Don't forget to subscribe and share with your friends and family. Disruptive Money Management is available on Apple Podcasts and Spotify. For good old-school reading, you can follow along at www.disruptivemone...
Second Stimulus Check Update
July 30, 2020 16:00 - 9 minutes - 6.57 MBToday's topic provides a much-needed update on the second stimulus check. As the unemployment number remains at record highs, Americans across the country are wondering if there is another round of stimulus money being injected into the country. Follow along as Henry goes over the Senate and House proposals on stimulus checks, expanded unemployment, and small business relief. Be sure to subscribe to Disruptive Money Management with Henry Wong on Apple Podcasts, Spotify, and check out Henry'...
Traditional IRA vs. Roth IRA
July 23, 2020 16:00 - 18 minutes - 12.4 MBJoin Henry as he goes over the age-old question of whether the Traditional IRA or the Roth IRA is best for you. By the end of this episode, you'll have a better appreciation of why the Roth IRA should be implemented as a part of your financial plan and how it can be positioned as a late-stage emergency medical fund. Disruptive Money Management with Henry Wong is designed to provide listeners an industry insider perspective on the various instruments we have to build financial wealth. Henry...
Thrift Savings Plan and How To Pick Your Investments Accordingly
July 16, 2020 16:00 - 30 minutes - 20.9 MBHenry with Disruptive Money Management breaks down the different investment options available on the TSP for Federal government employees, civil service members, and armed service members. Join him as he shares why the L-Funds are the least desirable funds to be in and how to best protect your nest egg during uncertain times without losing upside potential. Check out Henry's blog at Disruptive Money Management
Should I Pay Off Debt or Invest?
July 09, 2020 16:00 - 24 minutes - 16.8 MBHenry with Disruptive Money Management answers the age-old question of whether it makes more sense to pay off debt or invest. Have you wondered about that yourself? Household debt is the largest barrier to living a stress-free life and in this episode, Henry goes over time-tested methods of annihilating debt. Join him as he also goes over paying down student loans and whether a student loan refinance can work to your advantage. Resources for the student loan refinance can be found on Henry'...
What's Driving the Market And Should I Be Investing Right Now?
June 29, 2020 20:00 - 12 minutes - 8.68 MBHenry with Disruptive Money Management is back in another episode discussing the topics of what's driving the market upwards during the COVID-19 pandemic and whether investors should still investing. Join him as he goes over automated investing and why investing during the downturn is a smart strategy.
5 Most Critical Items You Need Before You Pass
June 29, 2020 20:00 - 25 minutes - 17.4 MBHenry with Disruptive Money Management is back to go over the five most critical items you need before you pass. Morbidity aside, an unexpected loss can leave a family in shambles, both emotionally and financially. Henry goes over why you need to protect your family with low-cost term life insurance, designate beneficiaries properly, establish a will, and assign your power of attorneys. In this episode, you'll also understand how to pass real estate assets over to beneficiaries and determine...
Introduction to Disruptive Money Management
June 29, 2020 19:00 - 6 minutes - 4.58 MBPlease join us for the first introductory episode of Disruptive Money Management. Hear from Henry on his path to becoming a financial advisor and why he's taking all that he knows as an industry insider and baring it all to you. Disruptive Money Management is designed to give an unbiased view on investing, insurance, and your path to financial freedom. Whether you're just starting out or looking to retire, Henry will give you the tools and knowledge that you need to make an informed decision...