Sound Financial Group
314 episodes - English - Latest episode: 8 months ago - ★★★★★ - 50 ratingsJoin Sound Financial Group CEO Paul Adams and President Cory Shepherd every week, as they help you Design and Build a Good Life™. Through the information provided on this podcast, we give you the ability to do this yourself. Why do we need to do this? Because every other media you're going to engage in has a vested interest in capturing your mindshare, and in having you spend your surplus, rather than you caring for your financial future. Your financial future is inevitable and uncertain. The only question is, will you have a Good Life? No one has one by default, only by design. Most of the financial podcasts out there can be valuable, though you will notice that many of them are from someone who is unlicensed. This podcast is unique in that it is led and hosted by licensed financial advisors who have been in the industry for nearly 2 decades, hence the disclosure below and in the description attached to each our episode.
This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.
Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.
This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.
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Episodes
205 - How Target Date Funds Are Being Misused And What Millionaires Do Different
August 23, 2021 09:30 - 37 minutes - 52.4 MB(---) For full show notes visit: https://sfgway.com/ep205 Subscribe and click the bell on Youtube and Facebook to become notified when Paul and Cory go live next. Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial profe...
204 - Why Pausing Can Bring You Value
April 26, 2021 02:21 - 27 minutes - 25.3 MBBusiness usually doesn’t move forward if you're not moving. However, sometimes pausing is the only way forward when you need to evaluate what direction you are going. Learn how to get value out of pausing to evaluate your goals and your aims from Paul and Cory in this episode. For full show notes visit: https://sfgway.com/ep204 Subscribe and click the bell on Youtube and Facebook to become notified when Paul and Cory go live next. Contains a sample of “King” by Zayde Wølf courtesy of...
203 - Getting Vaccinated Against Lifestyle Addiction
April 06, 2021 10:00 - 35 minutes - 48.6 MBIf you could put a number on what you would need monthly to live a good enough life, would you have it ready? The financial ejection seat is less about having a large emergency fund and more about understanding your sufficiency. Dig deeper into the types of spending there are and hone in on your sufficiency number. This is the true vaccine for lifestyle addiction. For full show notes visit: https://sfgway.com/ep203 Subscribe and click the bell on Youtube and Facebook to become notified ...
202 - The White Coat Window
March 30, 2021 03:06 - 34 minutes - 47.1 MBDoctors know what is coming when they are done with school or residency: a high paying job. This moment in time has been dubbed the “White Coat Window”. However, as an entrepreneur and/or business owner, you may find yourself in this window of increased income without a plan. Listen to Paul and Cory as they discuss how to best take advantage of your new income. For full show notes visit: https://sfgway.com/ep202 Subscribe and click the bell on Youtube and Facebook to become notified whe...
201 - Warren Buffets (Not So Secret) Secret Sauce
March 10, 2021 14:40 - 26 minutes - 24.6 MBWarren Buffet is known as a poster child for investment strategies personally and corporately. However his method for success isn’t found in new marketable strategies or short squeezes. His secret sauce is, in fact, not so secret. Listen to Paul and Cory break down his fundamentals in this live episode recorded on March 9th. For full show notes visit: https://sfgway.com/ep201 Subscribe and click the bell on Youtube and Facebook to become notified when Paul and Cory go live next. Conta...
200 - Learning to Invest in Real Estate - With Robert Slattery (Blackwell Real Estate)
February 23, 2021 15:53 - 33 minutes - 46.6 MBStart with a plan, treat it like a business, and plan for maintenance; 3 of Robert's notable lessons he has taught hundreds of real estate investors. Paul digs in deeper with Robert from Blackwell Real Estate to discuss what it takes to own real estate and rental property. For full show notes visit: https://sfgway.com/ep200 Subscribe and click the bell on Youtube and Facebook to become notified when Paul and Cory go live next. Contains a sample of “King” by Zayde Wølf courtesy of Lyri...
199 - A Cure For Retirement: The Wealth Coordination Account
February 02, 2021 10:00 - 16 minutes - 23.1 MBBelieve it or not, “retirement” doesn’t mean the game is over, even if it looks like you have enough points on the scoreboard. Paul and Cory break down why “retirement” isn’t good terminology, what a good definition of an asset is, and what the true cure is for “retirement”. For full show notes visit: https://sfgwa.com/ep199 Subscribe and click the bell on Youtube and Facebook to become notified when Paul and Cory go live next. Contains a sample of “King” by Zayde Wølf courtesy of Lyr...
198 - HSA The Triple Tax-Free Account
January 19, 2021 15:53 - 34 minutes - 31.7 MBIf you knew you could have an account that you could deduct contributions, and grow tax-free, while also being able to access it before retirement age, would you be interested? Well, it’s true, it’s called an HSA account. Paul and Cory spoke live on Youtube and Facebook about how to utilize the benefits of an HSA account to turn your health expenses into a saving vehicle. For full show notes visit: https://sfgwa.com/ep198 Subscribe and click the bell on Youtube and Facebook to become no...
197 - Grandpa Said Invest In Gold
January 07, 2021 04:06 - 33 minutes - 45.9 MBGrandpa always said, “gold is the best place to put your money”. However, if you have invested in gold, did you know what it would cost you to sell it when you purchased it? Over time, has gold truly out beat inflation? Is crypto-currency the new gold of the 40’s? as the price of gold escalates, Paul and Cory tackle tons of gold-related questions and talking points in how it should pertain to your investment strategy. For full show notes visit: https://sfgwa.com/ep197 Contains a sample ...
196 - Fun With The CPI… The Christmas Price Index
December 29, 2020 10:00 - 35 minutes - 32.6 MBIn a year many of us would rather forget, we still have been able to make memories. 2020 had plenty of plot-twists, but Paul and Cory bring you one last twist; Analyzing the CPI (Christmas Price Index). Discover what the 12 days of Christmas have to do with futures and hear Paul and Cory count their blessings with listener's live chat responses. For full show notes visit: https://sfgwa.com/ep196 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intend...
195 - Solutions To The Illusions Of Investing
December 08, 2020 10:00 - 37 minutes - 52 MBBeard growth and momentum investing aren't too different, they’re both real, they’re just not profitable, (unless it's Paul Adams beard of course). After discussing the illusions of investing last week, Paul and Cory break down the actions you can take as solutions to those illusions. For full show notes visit: https://sfgwa.com/ep195 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By providing this material, we are ...
194 - Illusions of Investing (Condensed)
December 01, 2020 00:34 - 37 minutes - 34.5 MBEver wonder what World War 2 bombers have to do with big-box financial retail? How about why mutual funds point to their track record of success and yet say it isn’t a guarantee for success in their disclaimer? Managing money can be complex but Paul and Cory take this time to dispel a few illusions of investing in this condensed and fast-paced episode. For full show notes visit: https://sfgwa.com/ep194 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is...
193 - What Last Week Taught Us About Market Timing & Other Ways the Media Steers Us Wrong
November 20, 2020 23:43 - 48 minutes - 44.2 MBIf you know in January what would happen this year, how would you predict the market would move? Ultimately not a single person was able to project how the market would move this year, and even so, all speculations along the way have not panned out in most common projections. This conversation breaks down why market timing simply doesn't work as we want it to. Paul and Cory also take time to encourage listeners to stick to their aims. For full show notes visit: https://sfgwa.com/ep193 C...
192 - Your Financial Sacred Cows Could Be Milking You
November 03, 2020 10:00 - 40 minutes - 58.6 MBHave you questioned your financial beliefs recently? Some would say we have a tendency to hold onto our “sacred cows” and stick with financial practices because it’s “always been that way”. Check out this live podcast with Paul and Cory as they breakdown our financial sacred cows. For full show notes visit: https://sfgwa.com/ep192 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By providing this material, we are not ...
191 - Where We Actually Have the Most Control, But Think We Have the Least
October 20, 2020 09:00 - 37 minutes - 52.3 MBThe very things that make us look wealthy erode our capacity to build wealth. Do you know how much of your income is deployed into tools for your future compared to what you or your household consumes? This is a sensitive topic for most people, simply because our lifestyles suggest we should always be spending. Paul and Cory tackle this sensitive topic with grace and applicable tools so that you can make healthy decisions with your money for, yourself, your family, and your future. For ful...
190 - COVID CARES Act Roth Conversation + What We Learned From Trump’s Tax Returns
October 06, 2020 09:00 - 29 minutes - 40.3 MBIf you had an opportunity to use the IRS’s money to reinvest in a Roth would you take it? Of course! That opportunity is here. Paul and Cory discuss on a part of the CARES Act that allows you access to your 401k penalty-free. For full show notes visit: https://sfgwa.com/ep190 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specifi...
189 - Brock Blake CEO of Lendio - Saving The American Dream
September 22, 2020 09:00 - 43 minutes - 39.9 MBWhile March for many people was a month that spelled disaster, Brock Blake saw an opportunity, not to simply chase the American dream of financial gains through business, rather save it. In this episode, Paul and Cory speak with CEO of Lendio Brock Blake, on how March was the moment his company catapulted into its position and purpose. For full show notes visit: https://sfgwa.com/ep189 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for Gen...
188 - The Whole life Timeline (pt.2)
September 08, 2020 09:00 - 34 minutes - 32 MBHave you ever thought about the symbiotic nature of your balance sheet? Probably not. That’s why Paul and Cory are here to help you understand how your assets can be used to work together. Today, they continue the conversation of whole life insurance and how to use it as a volatility buffer, and how it can be used to refrain from taking distributions from assets sensitive to market fluctuations in down years. For full show notes visit: https://sfgwa.com/ep188 Contains a sample of “King”...
187 - The Market Crashed, Now What? (Time Machine Episode)
August 25, 2020 09:00 - 23 minutes - 31.9 MBHop in the time machine with Paul and Cory to discover some principles and disciplines that are essential for an economy that has crashed or is volatile. Paul had recorded this episode a few years ago and yet, every point is still true to this day because every point is a foundation for holding strong through tumultuous markets. For full show notes visit: https://sfgwa.com/ep187 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Pu...
186 - The Whole Life Timeline (pt. 1)
August 11, 2020 09:00 - 39 minutes - 55 MBWhen most people consider using whole life insurance for retirement they usually don’t think about, how it can maximize cash efficiency, using it to substitute bonds, or even use it as a volatility buffer. This conversation is all about using whole life insurance in a way that most people are never taught to use it. Believe it or not, whole life insurance can help grow your wealth even through retirement. Join Paul and Cory to discover what methods are appropriate for utilizing a wholesome f...
185 - Three Big Accounting Mistakes That Can Take Your Business Down
July 28, 2020 09:00 - 30 minutes - 42.7 MBIsn’t money the engine for your business? Van Haas, CEO of Accountix Solutions joins Paul Adams for a discussion on how to protect your ‘ship’ from sinking beginning with accounting. While many managers overlook or defer to an accountant to handle the numbers and bookkeeping, without recurring reviews, you won’t have total control of your business and profitability. Find out how to use the numbers from the accounting office to better run your business, in this week’s episode. Contact Van: ...
184 - The Trick Question of 30YR v 15YR Mortgages
July 14, 2020 09:00 - 30 minutes - 28.1 MBA common question when purchasing a home is actually a trick question. Do you want a 15-year or 30-year mortgage? While we may like to presume that the bank has our best interest in mind, it is still true that your loan makes them money. Discover how to truly answer this question as Paul and Cory break down what the implications are for either mortgage structure. For full show notes visit: https://sfgwa.com/ep184 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This M...
183 - What Is Your ROR On Home Equity?
June 30, 2020 09:00 - 31 minutes - 29.3 MBThere are many ways you can invest, save, and create wealth with assets. Today Paul and Cory kick off a new series discussing asset class investing. In this episode, they breakdown two different mortgage strategies and talk down payment and how it affects your home equity. For full show notes visit: https://sfgwa.com/ep183 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By providing this material, we are not under...
182 - If You Want To Build Wealth, You Have To Talk About Money
June 16, 2020 09:00 - 28 minutes - 39.4 MBWe're talking about, talking about money. That’s right, in this episode Paul and Cory have a conversation over the idea that if you want to build wealth, the first step is that you have to talk about money. Many people refuse to talk about money and live their life according to what looks like wealth, however, real wealth is not in your life but on your balance sheet. Listen in to discover how talking about money can position you to build wealth. For full show notes visit: https://sfgwa.co...
181 - Should You Stop Investing in “The Market”? A conversation with Joe Riggio of Dimensional Fund Advisors
June 02, 2020 09:00 - 42 minutes - 58.4 MBHave you ever felt like you couldn’t get out of your own way? Sometimes active managers get in the way of potential growth for your money. Joe Roggio from Dimensional Fund Advisors stops in to discuss why he goes with the mutual funds as opposed to ETF’s and breaks down the stats and analytics of what this all means. For full show notes visit: https://sfgwa.com/ep181 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By ...
180 - What Investor Mindset Will You Choose?
May 19, 2020 09:00 - 36 minutes - 50.4 MBEveryone could agree that it’s foolish to gamble your life savings at a casino, however, people do it every day. Timing the market is a game major institutions want to make look winnable but the truth is it’s not the way to designing and building a good life. Paul and Cory take time to shake out the 2 types of investor mindsets that are common in the market… which one will you choose? For full show notes visit: https://sfgwa.com/ep180 Contains a sample of “King” by Zayde Wølf courtesy of...
179 - Where are Tactics Overtaking Strategy in Your Financial Plan?
May 05, 2020 12:00 - 35 minutes - 49 MBTactics are often mistaken as strategies and in financial planning, this can cause you to under-utilize financial tools and vehicles. This week, Paul and Cory break down the difference between tactics and strategies and what it means for your money. Cory speaks about how the industry will market financial vehicles and 401k tactics and strategies. Paul and Cory discuss the path to paying off your home and more retirement vehicles. For full show notes visit: https://sfgwa.com/ep179 Contain...
178 - The Best Performing Tech Fund You Never Knew You Owned
April 21, 2020 12:00 - 27 minutes - 38 MBIt’s very easy to make assumptions about the market when watching headlines, however, Paul and Cory dig up some research on the S&P 500 to reveal a radical truth. Find out what the best performing tech fund you never knew you owned is in this episode, and discover how drift affects indices in the big picture of the market over time. Curious what you can accomplish with our help? Schedule an appointment with us! sfgwa.com/scheduling Show Notes: sfgwa.com/178 Contains a sample of “King”...
177 - Speed Dating Sound Financial Group
April 07, 2020 12:00 - 31 minutes - 43.9 MBCounsel is a part of making good decisions, and many people are seeking financial counsel in light of our current economy. Paul and Cory tackle 30 frequently asked questions that will encourage you to consider asking when looking for a financial consultant. Curious what you can accomplish with our help? Schedule an appointment with us! sfgwa.com/scheduling Show Notes: sfgwa.com/177 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for Genera...
*BONUS EPISODE* Coronavirus Opportunities
April 01, 2020 02:00 - 7 minutes - 11 MBSurprise! Paul and Cory stopped in the studio to talk about opportunities that have opened up in the current climate of the market. Tune in for this brief episode to catch some insight on how to position yourself for success in the current economy. For show notes vist: https://sfgwa.com/coronavirusopportunities Curious what you can accomplish with our help? Schedule an appointment with us! sfgwa.com/scheduling Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Ma...
176 - Freshbooks CEO Mike McDerment on Leadership, Partners and Coronavirus
March 24, 2020 12:00 - 33 minutes - 46.9 MBCrisis’ doesn’t stop business planning, rather becomes a part of the agenda. This week, Paul & Cory get a moment to chat with Freshbooks CEO Mike McDerment. Mike speaks on the important components of projecting outcomes and making decisions in this time. He also explains what makes Freshbooks different then its competitors and also, what is happening in the front-line of business strategy amidst COVID-19. For full show notes visit: https://sfgwa.com/ep176 Contains a sample of “King” by Z...
175 - IS THE CORONA VIRUS INFECTING YOUR BRAIN?
March 10, 2020 18:13 - 20 minutes - 28.8 MBThe Corona Virus is infecting people's brains... In how they think about their money. In this episode Paul and Cory dispel many myths and confusion over the implications and conclusions being drawn from the markets correction with the uncertainty of the Corona Virus. Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual...
174 - The Hidden Costs of Investing: An Interview with Dr. Stefan Sharkansky
February 25, 2020 12:30 - 30 minutes - 44.4 MBToday Paul and Cory chat with Dr. Stefan Sharkansky , owner of personalfund.com. Dr. Sharkansky was a pioneer in “robo-advising” and has created a tool for investors to use to better understand the true cost of investing in managed accounts. Paul and Cory ask big questions and Dr. Sharkansky explains what plagues investors and how to grow your personal fund and cut out the extra costs. For full show notes visit: https://sfgwa.com/ep174 Contains a sample of “King” by Zayde Wølf courtesy o...
173 - Investing In You from the Influence Ecology Annual Member Conference
February 11, 2020 08:30 - 25 minutes - 37 MBLive from Ojai California at the Influence Ecology Conference, Paul & Cory bring their thoughts on Influence Ecology’s work to the table. Here they discuss what “human capital” is and why it’s important, how to invest in yourself, and the difference between knowledge and understanding. For full show notes visit: https://sfgwa.com/ep173 Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By providing this material, we are ...
172 - Want to Heat Up Your Bedroom this Valentine’s Day? Talk About Money!
January 28, 2020 08:55 - 29 minutes - 56 MBIn this episode of Your Business, Your Wealth, Paul and Cory begin by discussing an article titled “‘Buffett Indicator’ Warns Stocks Doomed for Worse Crash Than 2008” and how we need to critically assess the articles we read. Next, we discuss how people speak about and view retirement versus how prepared people are to create the retirement they have envisioned. Then we begin to think about the present and how we communicate about money with our spouses. Lastly, Paul and Cory give practical t...
171 - Are Your 2020 Plans Going to Create the Life You Want?
January 14, 2020 08:55 - 38 minutes - 72.6 MBIn this episode of Your Business, Your Wealth, Paul and Cory begin with discussing an article on “6 signs you probably need a financial adviser, even if you think you don't”. Then Paul and Cory focus on the 6th sign of the article “You don't have the time (or the desire) to learn about personal finance”. Most importantly they analyze the importance of planning out your personal future so when you look to the past where you began, you are aware of the steps and progress you have made along th...
170 - Does the Presidential Election Cycle Hold the Secret to Beating the Market?
December 31, 2019 14:44 - 33 minutes - 26.8 MBIn this episode of Your Business, Your Wealth, Paul and Cory discuss an article they recently discovered on the influence that the presidential election cycle has on the marketplace. Specifically, they break down the fallacy that the market can be timed or beaten by analyzing data based on market performance in election years. They take a look at historical data of the S&P 500 Index to strengthen their argument and point out other flaws within this article. Finally, Paul provides some action...
169 - Are You Grounding Your Assessments with Kari Granger
December 17, 2019 09:08 - 37 minutes - 30 MBIn this episode of Your Business, Your Wealth, Paul and Cory welcome CEO and executive leadership coach, Kari Granger, to share her experience working with organizations to reinvent their leadership structures. Specifically, Kari expounds on the importance of grounding your assessments. Paul, Cory and Kari define what assessments are and provide personal and professional examples of assessments they’ve encountered throughout their lives. Kari speaks to the importance of scope, criteria, and ...
168 - Are You Taking Your CEO Brain Food with Michael Langhout
December 03, 2019 08:15 - 31 minutes - 25.1 MBIn this episode of Your Business, Your Wealth, Paul and Cory welcome CEO, entrepreneur and business growth coach, Michael Langhout to share his experience working strategically with businesses and CEOs. Michael is a self-described lifetime learner and is extremely well read, especially when it comes to books about business. Paul, Cory and Michael discuss the importance of culture, hiring the right people, and execution. They talk about disruption in the ever-evolving landscape of the marketp...
167 - What Can You Do Now That You Are Aware Of The Illusions?: Illusions of Investing, Part 5
November 26, 2019 08:29 - 44 minutes - 35.6 MBIn this episode of Your Business, Your Wealth, Paul and Cory continue their discussion on illusions of investing in the marketplace. In part five of this series, Paul and Cory discuss what you can do now that you’re aware of these illusions of investing. They share and analyze the concept of Passive Structured Investing and explain how to build and maintain an investing portfolio. Paul expounds on the Modern Portfolio Theory, the Four Factor Model, and the importance of client education and ...
166 - Do You Know Your Fees and Costs?: Illusions of Investing, Part 4
November 19, 2019 08:15 - 21 minutes - 20.1 MBIn this episode of Your Business, Your Wealth, Paul and Cory continue their discussion on illusions of investing in the marketplace. In part four of this series, Paul and Cory talk about the importance of understanding fees and costs of your investments. Specifically, they focus on the illusion that mutual funds come without any hidden fees or costs to you as an investor. Paul speaks to transaction costs, cash drag, the bid-ask spread and turnover ratio, to name a few examples of fees that c...
165 - How Do I Know When to Get Out?: Illusions of Investing, Part 3
November 12, 2019 14:48 - 20 minutes - 16.8 MBIn this episode of Your Business, Your Wealth, Paul and Cory continue their discussion on illusions of investing in the marketplace. In part three of this series, Paul and Cory debunk the myth of market timing. Specifically, they focus on the illusion that an individual investor can successfully navigate the market in order to maximize returns. Paul provides intriguing and eye-opening examples of market performances over different decades to show that, even if you timed the market correctly,...
164 - Does 20/20 Hindsight Help?: Illusions of Investing, Part 2
November 06, 2019 05:12 - 22 minutes - 18.3 MBIn this episode of Your Business, Your Wealth, Paul and Cory continue their discussion on illusions of investing in the marketplace. Specifically, they focus on the illusion of investing based on the successful track record of asset management firms. Nobody can consistently and predictively outperform the market, not even the highest performing mutual funds. Paul proves this concept by analyzing numerous top performances of asset managers across multiple years and half decades. Finally, Paul...
163 - Stock Picking & Survivorship Bias Illusions of Investing, Part 1
October 29, 2019 07:15 - 23 minutes - 18.7 MBIn this episode of Your Business, Your Wealth, Paul and Cory begin a discussion on stock picking and survivorship bias illusions. Specifically, they focus on the illusion that individuals and advisors can consistently and predictively outperform the market. Paul takes the audience through the history of mutual funds and provides an investment example to further his point on survivorship bias. Finally, Paul breaks down the two narratives that often occur when investing in the marketplace. F...
163 - Stock Picking & Survivorship Bias Illusions, Part 1
October 29, 2019 07:15 - 23 minutes - 18.7 MBIn this episode of Your Business, Your Wealth, Paul and Cory begin a discussion on stock picking and survivorship bias illusions. Specifically, they focus on the illusion that individuals and advisors can consistently and predictively outperform the market. Paul takes the audience through the history of mutual funds and provides an investment example to further his point on survivorship bias. Finally, Paul breaks down the two narratives that often occur when investing in the marketplace. F...
162 - Should You Protect Sufficiency First?
October 22, 2019 07:15 - 26 minutes - 21.5 MBIn this episode of Your Business, Your Wealth, Paul and Cory discuss building and protecting your sufficiency. Sufficiency is defined as having enough income to be able to live a good life, not necessarily a luxurious one. Paul and Cory stress the importance of understanding your sufficiency number and its impact on your lifestyle. Finally, they share tools and resources for calculating sufficiency as well as ways to put yourself in a position for long-term definite financial independence. ...
161 - Zip Codes and 401(k)s
October 16, 2019 04:23 - 27 minutes - 22 MBIn this episode of Your Business, Your Wealth, Paul and Cory break down one of the most common and critical tools for retirement, the 401(k). While investing in your 401(k) can be a great way to start planning for retirement, it should not be viewed as the only tool. Paul and Cory discuss maximizing your match, penalties and limitations of 401(k)s, and reasons to have other investments in place as a high-income earner. Finally, Paul and Cory provide advice to the audience on ways they can lo...
160 - Equity Indexed Products
October 08, 2019 07:15 - 30 minutes - 24.8 MBIn this episode of Your Business, Your Wealth, Paul and Cory break down the positive and negative impact that equity indexed products can have on your investments. They identify how an equity index product works and provide examples of performance, specifically using the Standard and Poor’s (S&P 500) Index. Paul and Cory talk about rates of return as well as costs and penalties that can be associated with equity index products. Finally, Paul and Cory share a special consulting offer with the...
159 - Not Your Grandma’s Budget with Doug Peterson
October 01, 2019 07:15 - 34 minutes - 27.5 MBIn this episode of Your Business, Your Wealth, Paul and Cory welcome to the podcast, speaker and personal financial coach, Doug Peterson. Doug is an expert in helping people budget their household spending in a way that saves them time and money. Paul, Cory, and Doug talk about the importance of maintaining a budget. They break down the three levels of motivation and the importance of paying attention to spending habits. Doug provides tools, tips, and best practices for assessing, recording ...
158 - Stop Should-ing All Over Yourself
September 24, 2019 07:15 - 26 minutes - 21.5 MBIn this episode of Your Business, Your Wealth, Cory broaches the topic of financial planning and the concept of ‘should.’ Often times, when we’re looking back at our financial goals and where we currently stand, we use the word ‘should’ to describe what we could have done differently. However, Cory points out that our views on money and financial planning fluctuate as we enter new stages in life. Cory speaks to the importance of writing your own financial story in relation to the story you t...