283: How To Invest Intelligently: Top Tips From A Certified Financial Planner

I have to admit that the topic of personal finance excites the nerd in me. I love reading and learning more about all things around finance! Investing intelligently and planning for retirement are often intimidating areas in which we can always benefit from expert advice. Join us to learn how you can make solid investment decisions and better prepare for your future.Our Featured Guest-Dave Frank, Certified Financial PlannerDave Frank is the founder of Turning Point Financial Life Planning, which focuses on helping clinicians in private practice manage their retirement and finances. Dave has a heart to empower therapists around money and finances so they can be more present and centered in all areas of personal and professional life. In today’s show, we will begin by looking at the information and misinformation about investing that have come forward during the pandemic. Dave shares strategies for financial management, including why investing in the stock market is a good idea. Our conversation turns to retirement options for solo and group practitioners and a brief look at cryptocurrency. Turning Point Financial Life PlanningUse the promo code “STC” for 20% off Dave’s Quick Start Coaching Intensive!You’ll Learn●     Why most people don’t know the basics of sound investing●     Why “passively managed, low-cost, tax efficient mutual funds” are the best tools for long-term investing---(Dave explains the terminology!)●     The difference between investing and gambling for long-term financial goals●     The important question about investing: What are my goals?●     The basics of mutual funds●     A sound and simple investing strategy that Dave recommends●     Why your allocations should shift to funds with less volatility and less return as you near retirement age●     Dave’s investment advice for beginners about getting started with target-date accounts and emergency savings●     Why solo practitioners should be careful not to overcontribute to a retirement account●     Dave’s opinion about investing in cryptocurrency--does it make sense for therapists?Today's Sponsor: Online Course SchoolI know that many of us want to launch a successful online course whether it's to share our message with a larger audience or to diversify our income beyond 1:1 work.Speaking from personal experience, I also know that there are a ton of barriers to getting started: the tech, the mental hurdles, being unsure of whether our course will make money, or even how to market and grow our online course.Online Course School is a live 8-week cohort-based experience where you'll gather with other therapist course creators to create your online course. It includes teaching workshops from Mel and the STC team, weekly assignments, and opportunities to work together to get things done.By the end of our time together, you'll have your lessons and modules outlined, know what tech, software, and platform you need to record your online course, a working sales page, and have a concrete growth plan for your online course. We'll be launching our first cohort in Sept 2021 with six members. If this sounds like something you'd love to be apart of, please check out my free A to Z Online Course Guide. The guide will help you learn from my mistakes over the past 6+ years of being an online course creator and lessons I've learned from moving the Healthcasters podcasting course from a $297 first sale to over 275 students and passing the $200k revenue mark in 2021.RESOURCES TO GUIDE YOUR BUSINESS JOURNEY Disclosures: Please note that all opinions are my own and based on my personal experience. Sponsors are acknowledged. Some links in the description are affiliate links where if you click on one of the product links, I’ll receive a commission at no additional cost to you. I use these funds to continue to create helpful content to serve our field. As an Amazon Associate, I earn a small commission from qualifying purchases.MY FREE ONLINE WORKSHOPS (These Can Be Watched At A Date/Time That Works For You):🎙️ Using Podcasting To Grow Your Business (Lessons Learned From 9 Downloads On Day 1 To 1.2 Million And a 7 Income Stream Business)💻 How To Launch And Grow A Successful Online Course (Lessons Learned From A $297 First Sale To $150k Online Course)MY FREE GUIDES:🎤 Start your Podcast: The QuickStart Guide 🖥️ The A To Z Online CourseMY COURSES:🎧 The Healthcasters (A podcasting course + community for helpers/healers): 💻 Online Course School (A course to create, sell, and grow a successful online course): COMING IN 2022 (please feel free to download the online guide course above and I can keep you updated as I'm trying to build this with ample input and care including a chance to work 1 on 1 with me!): MY FAVORITE SOFTWARE:🧳 My Podcast Hosting Platform (Captivate-Includes 7 Day Free Trial): 🚀 My All In One Online Business Platform (Kartra-Includes 14 Day Free Trial): 🤖 What I Use For Evergreen Webinars (Easy Webinar)🌐 My Website Host (SiteGround-Includes Discount)🎨 My WebSite Theme (Divi)MY FAVORITE GEAR:❤️ STC Home Office Tour! 📔 My Online Counseling + Coaching Gear🎥 My YouTube + Live Streaming Camera GearSUBSCRIBE TO THE STC PODCAST:Since 2015, I've hosted a weekly podcast where I interview successful therapists in private practice and other business owners to help us grow our impact + income in and beyond the therapy room. The podcast has been downloaded over 1.2 million times and is heard in over 140 countries.You can find also it by searching “Selling The Couch” on any podcast app (eg: Apple Podcasts, Google Podcasts, Spotify etc) or simply saying "Alexa, listen to Selling The Couch" on your Amazon device. =Or simply click below for ease =). SUBSCRIBE HERELET'S BE FRIENDS:💌 Sign up to receive the free A To Z Online Course Guide + receive the weekly STC email newsletter (trusted by over 7k colleagues) 🌍 My website / blog📸 Instagram (I mainly post "behind the scenes" stuff about my life and business)WHO'S THIS GUY? Hi. I'm Melvin. I'm a psychologist (PhD), entrepreneur, and online creator living in Philadelphia, PA. In 2014, I began to think about how to use the therapy skills we learn in grad school, and in our clinical work into different realms (e.g., podcasting, consulting, online course creation, etc). This allows us to serve others on larger scales while diversifying our income beyond 1 to 1 work. I make podcasts and videos about business, tech, productivity, and lessons I'm learning from becoming the CEO of a lean, mean 5 person 100% remote team (we're not really mean..it just rhymed =P).Mentioned in this episode:Sign up for the new online course workshop of a small launch to a $300K course at https://sellingthecouch.com/onlinecourseworkshopTry Alma!Building and managing the practice you truly want can...