Episode #36- Achieve Financial Independence with Miguel Delgado

On this episode of Real Talks on the Rocks, I sit down with Miguel Delgado, who is a wealth manager with Peak360 investments. Miguel talks about his upbringing not really understanding money and the impact of seeing his relatives being “taken advantage of” by people who were smarter with money. Miguel talks general considerations people should be cognizant of in planning their long term financial independence. *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. Chapter list: 00:00- Preview01:00- Intro01:50- When you don’t understand how money works…07:35- Educating those who don’t understand money10:28- What a financial planner does17:14-Overwhelmed with cost of living23:05- Tips for young entrepreneurs28:20- What does financial independence mean?34:30-Does your lifestyle match your income?38:40-Investing back into your business42:45-Financial Independence vs Retirement48:00- When to start to look for a financial planner54:15- Finding mentors56:40- Biggest lies that are told to us in finances57:55- Millennials buying homes in todays climate1:02:10- How a Financial Planner determines if they are a good fit for you1:07:25- Health Savings Account- What you don’t know!1:11:30- How your kids can and cannot help you in retirement1:14:00- Generation X and the problems with retirement1:22:30- The life insurance controversy1:30:45- What Millennials should start thinking about today1:36:54- Is it too late to start investing?       "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."