Episodes
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Ep 39: Election Economics & The Battleground of Narratives
Clients always want to know what I think politically and where I stand. In this episode, I share some data on the economy and even my opinion of the two presidential candidates and how their campaigns will likely spin narratives around economic data to their favor. As observers and participants…
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Ep 38: The Final Checklist
This topic has been heavy on my heart for a few weeks. March was an interesting month for our family, a mix of deep loss and also life stage celebration. In reflection, it’s been a stark reminder of my need - and your need - to place a better and more meaningful focus on a subject none of us like...
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Ep 37: How to use EBITDA to drive your business
If you’re running a business, you’ve probably come across the term EBITDA. Understanding this metric can be incredibly useful, providing insights into your company’s operating performance and helping to shape your strategic decisions. EBITDA is an acronym that stands for Earnings Before Interest,...
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Ep 36: To Bitcoin, or Not To Bitcoin?
Bitcoin ETFs are officially available on US listed exchanges. This is a significant development in crypto trading. These ETFs providing greater access to the volatile yet potentially rewarding world of cryptocurrencies, particularly Bitcoin. As with any investment, careful consideration is…
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Ep 35: Corporate Transparency Act
Originally passed in 2021, the Corporate Transparency Act is now in effect. If you own a corporation or LLC created in the U.S. and registered with your respective state, there’s a good chance you will need to take action to comply with the law. This episode features special guest Wendy Anderson,...
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Ep 34: The Year No One Called [Correctly]
2023 might be one of the most unexpected years of all time, certainly as the markets and economy are concerned. It seemed like everyone was calling for a recession. It never came. Most unexpected might be the magnitude of the stock market rally, which looks to be ending the year with a…
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Ep 33: What you need to know before year end
Are you financially ready for year end? In this episode I share a few factors to consider between now and December 31st, including retirement planning, tax planning, 529 planning, and estate planning. Buckle up and take notes! This is a public episode. If you would like to discuss this with other...
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Ep 32: $33 Trillion and uncertainty
Signs of economic uncertainty are showing up in more places throughout the BIG economy, which impacts the LOCAL economy that you and I intersect every day. From home prices to mortgage rates, car prices to auto loan rates, inflation to wages, there’s evidence the economy is slowing down a little…...
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Ep 31: Working ON vs IN your business
Many business owners start their businesses because they see a need they can solve, they’re tired of being paid less than their true value, and they want to work for themselves rather than someone else. One day you wake up and your business is running. Revenue is coming in, costs are going out…
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Ep 30: Get your business house in order!
In this episode of The Financial Purpose Podcast, I talk with Paloma Goggins, Corporate and M&A Attorney and founder of Nocturnal Legal. Listen for our discussion what business owners need to know about forming business entities, creating and maintaining good operating agreements, and most...
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Ep 29: How to choose the right financial advisor
Have you ever wondered how to choose the right financial advisor? Whether you’re looking to work with a financial advisor for the first time, or you are looking to change advisors, the looming question in your mind might be: HOW DO I CHOOSE THE RIGHT FINANCIAL ADVISOR… FOR ME? One thing I will...
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Ep 28: Becoming a 1%-er
Today I want to talk about becoming a 1%er. I’m not talking about those that fall in the higher earning bracket…. Although that may be a goal for some… And, I’m not talking about that particular motorcycle club either…. But what I am talking about is Kaizen. Kaizen, in practice, usually delivers...
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Ep 27: Personal Finance is Personal!
“This isn’t going to be my story anymore…” In this episode of the Financial Purpose Podcast, I'm joined by special guest Sarah VanHoose for a conversation around how to change your money story. Listen to hear how she and her husband got serious about their money values, paying off more than...
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Ep 26: Unlocking Retirement Financial Freedom
Heard all the bad stories about reverse mortgages? Have you heard about the many ways a reverse mortgage can actually unlock financial freedom in retirement? In this episode of the Financial Purpose Podcast I'm joined by Reverse Mortgage Specialist Andrew Kish for a conversation on the power of...
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Ep 25: How to Stay Broke
The term “how to stay broke” returns more than 694 MILLION Google search results! Apparently a lot of people are talking about and are concerned about this topic. A recent CNBC financial literacy survey found that 56% of respondents cited living paycheck-to-paycheck; also, 57% of people earning...
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Ep 24: Cracking the Marketing Code
Learn more about Claudine here: * Website: https://virtualingenuityllc.com/ * Facebook: https://www.facebook.com/Virtuallyexe * Instagram: https://www.instagram.com/virtualingenuityllc/ * LinkedIn: https://www.linkedin.com/in/claudineland/ * The Virtual Ingenuity Business Podcast on Apple…
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Ep 23: Stock Picking
Honest investors can attest that stock picking is hard. A strong conviction pick can lead to out-performance one year and under-performance the next. Or, vice-versa. I recently saw a discussion on Twitter among financial professionals based on the following question: Without Googling the answer,...
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Ep 22: Debt Ceiling
The U.S. debt ceiling is all over the news today, so let’s talk about it. Before 1917, Congress had the ability to use the Power of the Purse at their own discretion. In effort to make the federal government fiscally responsible, the debt ceiling was created. The debt ceiling cap currently stands...
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Ep 21: Give me 10!
The Fed raised rates again today - the 10th hike in this current cycle. Just 13 months ago the Fed funds range was 0.00%-0.25%; with today’s hike, it is now 5.00%-5.25%. The Fed funds rate is one of the primary monetary policy tools. By raising this rate, the Fed is slowing a heated economy by...
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Ep 20: What do you want from me?
What services do you expect from your financial advisor? What are you actually getting? Think about it. Is there a gap between your advisory expectations and the reality? Research from SpectremGroup among wealthy investors shows there’s a massive gap in many crucial wealth management services....
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Ep 19: Retirement Leakage
You have four options available for your 401(k) plan when changing jobs... yet almost half of job changers cash out. A Harvard Business Review study found that approx. 41% of employees took a cash distribution when changing jobs... and 85% of those people cashed out the entire balance! This is...
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Ep 18: Making better decisions!
Making better decisions requires an effective and structured process. Consistently following such a process can be challenging, especially when emotions come into play. Emotions can cloud our judgment and steer us away from the logical path. This generally leads to suboptimal outcomes. The…
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Ep 17: Drift - The Continuum of Mental Health and Money
Since the pandemic, I have observed a drift in how people approach financial matters. People are slow to make important financial decisions, but faster to seek safety in times of volatility. In this episode of the Financial Purpose Podcast, I’m joined by Jamie L. Born, LCSW, CCTP to discuss how…
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Ep 16: Banks and playing chicken with the Fed
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 15: Is your financial advisor a fiduciary?
Watch this episode here: https://youtu.be/HynJE7IH_l8 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 14: 5 tips for financial motion sickness
Have you ever been on a boat in rough waters? Or on a super fast-spinning ride? How about the back seat of a car on a mountain road. These are some of the times when you might feel motion sickness. The same is true when going through a major change in your life or when processing grief. These…
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Ep 13: Words
It's not just what we say or how we say it... it's also the words we use when doing the saying. In this episode I discuss the importance of having the same understanding of the words we use, specifically around money and in the advisory relationship. I also ask the listener the same question I…
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Ep 12: Burn the boats
Starting and running a business can be scary. Many fail. To increase your chances of success, you might have to burn the boats. In 1519, Hernán Cortés led a large expedition consisting of 600 Spaniards, 16 or so horses, and 11 boats to Mexico on a do-or-die treasure hunt. Upon arrival, Cortés…
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Ep 11: Recession and other scary words
When you hear the word RECESSION, what goes through your mind? How does it make you feel? Is it a scary word? Or, is it an opportunity word? With words like RECESSION, we have three factors to consider: 1) The things we can control (government, the Fed, the market, etc.), which influences... 2)...
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Ep 10: Spaghetti and financial planning
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 9: Where is the market headed in 2023?
Where is the market headed in 2023? The real question is where is the Fed going in 2023? One year ago, the Fed was suggesting that the inflation we were seeing was transitory. I was suggesting my clients that possibly it was not, and as it turns out inflation stayed around for all of 2022 and...
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Ep 8: The "If you give a mouse a cookie" effect
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 7: Holidays and financial insecurity
The holiday season can be a time of joy and making new memories, or it can be a time of expectations that create stress and pressure around giving. This time of year can distort the heart vs wallet dynamic, which can lead to financial securities being expressed in a lot of different ways. In this...
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Ep 6: Credit cards? Yes, no, maybe, depends...
Articles cited: https://www.cnbc.com/2022/11/15/household-debt-soars-at-fastest-pace-in-15-years-as-credit-card-use-surges-fed-report-says.html https://libertystreeteconomics.newyorkfed.org/2022/11/balances-are-on-the-rise-so-who-is-taking-on-more-credit-card-debt/...
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Ep 5: Crypto (won't say I told you so, but...)
In this episode I discuss the promises made and broken by crypto, as exemplified by the recent blow up of SBF and FTX. Also, how decentralization in crypto is a pipe dream thanks to the efforts of the NY Fed and large banks in creating a digital dollar pilot. Crypto is not living up to billing -...
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Ep 3: Better to have financial goals or financial direction?
One of the most common questions advisors ask prospective clients is: “what are your financial goals?” I happen to think it's a bad question. Financial services firms market a goal-centric approach to the general public. With this question, advisors are communicating that you need to have…
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Ep 4: What is your financial purpose?
What exactly is financial purpose? It’s the underlying reason behind your financial decisions, rooted in your values and priorities. This goes beyond just dollars and cents, helping you make decisions that align with what matters most to you. By focusing on your financial purpose, we shift the...
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Ep 2: Right on Track?
In this episode I go back to November 2017 to establish a trend line from that time to November 2022. Given all the volatility since then, is the market actually right on track? One important note about trend lines: depending on where you draw them, you can communicate a variety of messages. This...
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Ep 1: Set point theory
Have you ever heard of set point theory? At it relates to health, set point theory essentially states that your body has a normal set range for weight. Ever go on a cycle of diet and exercise, lose weight, only to see it return? Financial considerations are like bodies - everyone is different…
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