Episode #34: Preparing early for financial independence w/ John Lane

On this episode of Real Talks on the Rocks, I sit down with John Lane, who is a wealth manager specializing in retirement planning and financial independence. John explains what retirement means today and how the term "financial independence" is the new "retirement". John gives advice to millennials, who already feel they don't make enough money to save for retirement, on how they can start saving small before planning out their future. John's vision of wealth management shows that ANYONE can achieve financial independence, but that you have to get serious about it and START NOW! *DISCLAIMER* The opinions expressed in this episode are that of myself and of my guest and is not intended to be financial guidance for your specific situation. Please consult with your own financial advisor. Thank you to all of my supporters who are supporting me on Patreon and allowing me to grow this channel! Your support of this channel allows me to continue to provide you with better and better content. Click the link below to access this episode's bonus content: https://patreon.com/realtalksontherocks For all of the links to the other avenues to view/listen to my show, you can visit my website at: https://realtalksontherocks.com There you will find links to Apple Podcasts, Spotify as well as my Patreon page. You can also follow me on: Facebook: https://facebook.com/realtalksontherocksInstagram: https://instagram.com/realtalksontherocks Twitter: https://twitter.com/realtalksrocks #money #financialindependence #retirement Chapter List: 00:00- Preview 01:00-Intro 03:00-What a wealth Manager does 04:55- “work to live” or “live to work”08:05- Why people in America can’t save enough money for retirement 10:48- Americans need to spend money right?? 14:50- Why would someone want a wealth manager 16:25- looking at your financial future 24:20- The most common push-backs for wealth managers 25:30- For the young people who think they are rich… 28:00- When people usually realize they need to get their finances in order 31:00- What does retirement actually look like? 37:15- The future of Crypto 49:15- The population issue 53:00- Leave California to live the “American Dream” 55:00- The future of Tech companies and A.I. 58:22- The future of the human race 1:00:15- Elon Musk and running Twitter and Tesla 1:02:48- What 99% of us don’t know about finances 1:06:45- Why home mortgages are bad 1:08:47- Saving vs. Investing 1:16:00- How to max out your savings when you don’t make a lot of money 1:20:45- California’s Real Estate future 1:32:05- Saving for yourself before saving for your kids 1:36:35- Writing a finance book for children 1:42:00- The wrong mindset to have about money 1:43:50- Final Thoughts   "Securities offered through Lion Street Financial, LLC (512.776.8400), member FINRA, SIPC. Investment advisory products and services offered through Lion Street Advisors, LLC, an investment advisor registered with the SEC. Lion Street Financial, LLC & Lion Street Advisors, LLC are affiliated companies and do not provide tax or legal advice. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Your connection to this podcast does not necessarily indicate that this Financial Professional is able to transact business in your state."