The Financial Advocacy Podcast

This is a continuation of a conversation with Andrew Lee of the California Insurance Agents Facebook Group.Watch the interview here: https://www.youtube.com/watch?v=3eAQ-GzRjt8 To learn more about Stacy's position, visit her website here:https://www.stacyforinsurancecommissioner.com/

The promo code for his discount offer is: SECRET and you can place your order here:https://the-secret-order-of-millionaires.myshopify.com/products/the-secret-order-of-millionaires-seven-principles-for-building-tax-free-wealthhttps://www.davidmcknightbooks.com/

Financial consultant detailing his 5-year, 60,000-mile ownership review of a 2008 Lexus LS 460, including maintenance costs, reliability, brake actuator failure, depreciation, and real-world cost of ownership.This long-term Lexus LS 460 review covers repairs, tires, brakes, common problems, and whether buying a used or salvage-title LS 460 is worth it.0:00 Intro – 5 Years With My Lexus LS 4601:36 What Reliability Really Means (Lexus LS 460)5:13 Stop Acting Rich & Buying Used Luxury Cars8:15 Was I Chasing Status? Luxury Car Psychology12:49 Vehicle History Report & Salvage Title Check14:25 Test Driving a Used Lexus LS 46017:58 What is Unique About MY Car's Build19:58 2020–21 Reset Year (Major Maintenance)29:20 2021–22 Stability & Routine Maintenance30:42 2022–23 Preventive Maintenance (Transmission & Suspension)32:45 2023–24 Optimization & Michelin Tires35:00 2024–25 Low-Cost Ownership Phase35:28 2025–26 Brake Actuator Failure & Repairs36:24 Year-by-Year Maintenance Cost Breakdown44:20 Best Tires for Lexus LS 460 (Michelin vs Continental)47:51 Lexus LS 460 Brake Pads & Rotors (60k Review)50:18 Gas Cap ($10) — Restoring Lost Performance54:16 Lexus LS 460 Brake Actuator Failure ($4,500 Repair)56:42 Should You Fix or Sell After a Big Repair?1:07:45 Does Owning an LS 460 Make Financial Sense?

Why do we buy what we buy? What does it say about ourselves to ourselves?This year, while I was writing my financial course for business owners, I was also going through some cognitive dissonance regarding my clarinet. So I created this video and this video is the premise for an academic paper I have submitted for publication in the Journal of Personal Finance. I didn't time my presentation before recording it - I just 'did' it. If you make it all the way through... this must really speak to you. Earspasm has a tech test 2 $90 clarinets:https://www.youtube.com/watch?v=Gex9caO-F7kEarspasm blog article: https://www.earspasm.com/blogs/blog/just-how-hard-is-it-to-make-a-living-as-a-professional-clarinetist Earspasm: “How much do I make?”https://www.youtube.com/watch?v=aQhQt9m2O7o Earspasm: How Brand Endorsements Work!https://www.youtube.com/watch?v=XzJIxZJKyPk Clarinet Ninja reviews clarinet cases:https://www.youtube.com/watch?v=2VWcX_AQcsk Tom Ridenour:Classic Ridenour Articles: https://drive.google.com/open?id=1jRSTmpHTmQ4zrmvyoj8powWL-wMs_kNJ&usp=drive_fs Your Hierarchy of Values: https://www.youtube.com/watch?v=meD1HLv0zfs The Stradivarius Effect: https://www.youtube.com/watch?v=VeAhv9npGz8 What I did on my Spring Vacation (announcing new clarinet models): https://www.youtube.com/watch?v=1s9TodlGPBQ Something I don’t understand: https://www.youtube.com/watch?v=xN48wlBC-xo Fact vs Factoid: The case for hard rubber: https://www.youtube.com/watch?v=LQmZOWsTaEM The Case for Hard Rubber Part 1: https://www.youtube.com/watch?v=qFjShrYyNig The Case for Hard Rubber Part 2: https://www.youtube.com/watch?v=Sf9cIfAhWbI What is a professional clarinet pt 1: https://www.youtube.com/watch?v=pJL_QvozOAw What is a professional clarinet pt 2: https://www.youtube.com/watch?v=FL_OLm_EmiIBuffet 200th Anniversary Tosca clarinet selling for $15,499:https://prestomusicalrepairs.com/product/buffet-tosca-clarinet-new-mopane-limited-edition/

What is Long Term Care? What is a Partnership LTC policy? What happened in Washington State about long term care? All that and more we'll cover today.

There are five ways out of business. Do you know what they are? Can you exit your business with the maximum profit for you and your family?

We'll discuss how there are TWO U.S. Tax Codes, the difference between tax avoidance and tax evasion, tax incentives, and tax disincentives.

This is a popular RETIREMENT workshop held all over the country by various insurance agents and financial advisors. Learn the same information from us! Of course, if you want advice for your own situation, be sure to reach out to us.

How does Taxes and Government Spending affect the economy? Should we incorporate that information in our wealth & retirement planning?

What is the "Time value of money?" Where in finance does it say that to succeed financially, you have to lose 30-50% of your investment values every few years? We'll discuss all these things!

Hasn't life has changed over the last 30-40-50 years? Is planning for your retirement your employer's job? Join us as we tackle some of these areas!

What is the FAFSA? How is the Expected Family Contribution (now the Student Aid Index or SAI) calculated? This and more!

Sean Kanan's Ted Talk: How to be the Hero of your own storyhttps://www.youtube.com/watch?v=TNVUi-UWjc8

How does our government social insurance programs work? How do you become eligible, especially for retirement income? What estate documents do most people need to set up and at what ages?

What insurance do we need? Which are required by law? Which are required by lenders? What are some of these complex terms? Join us for a decent overview of insurance matters!

Credit reports and credit scores go beyond just lowering our costs to borrow. It can affect our ability to get a job and rent an apartment. Join us for an in-depth discussion on these areas!

Savings and budgeting is primarily about math. But money and wealth has far more emotions behind the way we make financial decisions. Join us with Kevin Fink, CFP as we combine financial expertise with mastery of Neuro-Linguistic Programming (NLP) to break free from financially limiting beliefs.

Is financial planning merely budgeting? What is REAL financial planning? Why bother with financial planning? We'll tackle this and much more in this episode!

Biden signed the Social Security Fairness Act into law on Sunday, Jan 5th, 2025 and we'll take an in-depth review of Senator Elizabeth Warren's report blasting annuity agents for conflicts of interest behind advice.

Two weeks ago, we discussed some year-end financial planning considerations. Today we welcome back Accountant and Advisor Brian Sommerfield to discuss year-end tax planning ideas!

Money and wealth decisions isn't just about math and it isn't just about our own comfort levels. If we're in long-term relationships, it impacts our spouses, especially if they're the "non-financial spouse."

December is not just about the holidays. Plenty of financial and tax opportunities to be considered before the end of the year!

While we love whole life insurance, it too is not without its possible misrepresentations! If there's anything that gets David Kinder all riled up, it's half-truths being promoted as fact!

Sometimes the 'sizzle' just doesn't measure up! Join us for a discussion on annuity sales messages!

We're going to have our own discussion on the election, tax code, and other things.

David McKnight and I discuss his latest book "The Guru Gap"! by David Kinder

EP 23 News Roundup: Ramsey On SSI, Trump On Caregiver Tax Credit, And An Insurance Agent Warning by David Kinder

EP 22 Advocacy Spotlight With Author And Retirement Advisor Derek Nelson by David Kinder

Join us as we discuss this article and more: https://moneywise.com/retirement/retirement/53-of-us-adults-say-theyd-support-slicing-the-social-security

Discussion of recent social media posts and the WSJ article exposing it as a scam; Tips to avoid getting scammed!

Join us as I am the student along with everyone else to learn what a secondary market annuity is, what makes it different from other annuity contracts, what's in it for the annuity purchaser, and what the risks are.

Meet veteran accountant and advisor Brian Sommerfield and how he advocates for his clients by consulting the tax code.

Michael Moffat gives a consumer introduction and overview to Medicare.

Steve Smither is an experienced independent mortgage broker in Illinois serving a variety of customers with their mortgage needs!

A discussion about how Best Interest is NOT the same as "Fiduciary" and why being a "Fiduciary" isn't all that it's cracked up to be!

Special guest: Fox Business TV Host, PBS presenter, author and economist Tom Hegna joins us to discuss economic events including the National Debt at $35 trillion and the presidential election.

Do all organizations and agents/advisors all do the same things? What are their motivations? What is their business model? If compensation drives behavior, what is it driving toward?

Six questions to ponder when considering your financial and retirement planning.

Does your advisor just tell you to just stay invested and stay the course? Does that advice help you or them?

EP 9 Retirement Vs Education: You Can't Borrow For Retirement: Myth Or Fact? by David Kinder

EP 8 A CPA Asked These 6 Questions About Life Insurance by David Kinder

Do you think the Government has figured out Einstein's 8th wonder of the world?

A discussion about the Roth IRA, 401(k), their creation, current tax code, and a prediction for the future.

An initial discussion on the terms, conditions, and tax traps of IRS qualified plans. IRS spreadsheet historical tax tables since 1913: https://www.irs.gov/statistics/soi-tax-stats-historical-table-23 For more information on us, visit: https://www.FinancialAdvocacyPodcast.com

Today we'll be discussing the common "advice" of the 15 year mortgage, best case scenarios, worst case scenarios, PMI, tax-deductions vs tax-postponement, protecting the home for the family, and mortgage protection simplified issue life insurance contracts.

Today's podcast episode, we discuss the Wall Street Journal article about conflicts of interests that advisors don't want you to know about. https://www.msn.com/en-us/money/personalfinance/your-financial-adviser-doesn-t-want-you-to-know-about-these-conflicts/ar-BB1l3Ouy

We dive deeper into Dave Ramsey's 12% mutual fund!

Episode one: advocating for the consumer regarding IUL and the issues to be aware of in your policy!