What are your goals for 2021? Bob and Bailey share 21 personal and financial goals, in no particular order of importance, that are ideas for goal setting for 2021. From eating healthier to creating an estate plan, these are ideas for everyone!
Tis the season for giving, so what better way to celebrate the giving spirit of Christmas than to learn how to give better and more efficiently. In this podcast, Bob covers the most efficient ways to give using the other 90% of what's in non-cash assets. He is joined by a charitable giving expert, Ryan Assunto of the National Christian Foundation, to talk about giving more efficiently.
With so many important factors that our finances play into, isn't it just as important to find a financial advisor that has your best interests in mind in order to help you obtain all your financial financial goals? In this episode, Bob and Bailey cover many of the traits you should look for when choosing a financial advisor, especially the importance of choosing a fiduciary, fee based advisor over a commissioned based advisor with a potential conflict of interest.
We encourage you to listen to episode 87 on “Understanding Investment Risk” before delving into this episode on “Which Investment Models Are Right For You”. Bob discusses how these risks play into picking an investment model(s) to build a complete portfolio that corresponds to your goals, needs, and risk number.
Life is full of risk. Everytime we get into a car, move to a different city, get on a plane, or start a new job, there is a RISK, and the list goes on and on. What if the human race decided to never take any risks? Risk is not a bad thing because a life completely void of risk would be very boring. In this episode, Bob and Bailey discuss 15 types of investment risks, because when you know what the risks are, you can make better educated decisions.
In this podcast, we cover how millions of conservative voters are unintentionally supporting the leftest agenda every day, week, month, and year in their various types of retirement and investment accounts and then we give you an alternative to Invest Right.
What if we told you that taking out $30,000 from your investments to buy a new car today could end up costing you upwards of $115,000 in your financial future? How is this possible, you might ask. It's called the Rule of 72. Learn how the Rule of 72 affects everything from savings to withdrawing money from an investment portfolio.
In Part 2, we discuss how the different elements of financial planning fit into each life stage. Financial planning should be living, breathing, and changing as you do throughout all the stages of your life. Bob educates you in this podcast about many of the various pieces of the financial planning puzzle and how they should all fit together for a successful outcome.
We all have different phases of our lives that demand unique financial requirements. Financial planning is definitely not a “one size fits all” or even a “one size fits most” type of solution. We each fall into separate categories when it comes to income, expenditures, debt, and savings. However, most of us can divide our lives up into 4 different stages, which Bob and Bailey discuss in part 1 of our episode on “The Life Stages of Financial Planning”.
People like the idea of having rental property as investment income because it's a tangible asset that you can see, feel, and walk around. However, many times, the risks far outweigh the benefits, especially if you are looking at rental property as a form of passive income. Instead of a rental property making money for you, you can actually end up losing money. There are many risks associated with rental property income, and Bob covers the top 10 risks of vacation rentals and home rentals in this episode.