Wealth Wisdom Financial Podcast

Why are people of all ages so stressed about money? Is it because we're all screwed? Is it because of all the negativity that helps social media posts and news articles get clicks?   Which financial services firm would you rather work with? (1) Head in the Sand Financial Services - "We deliberately refuse to accept the truth just like you." OR (2) Head in the Clouds Financial Services - "We have lofty goals we're never gonna hit too!"   Amid a chaotic world, Brandon emphasizes the need for a balanced approach, avoiding the extremes of denial and unrealistic ambition. Using wealth wisdom and strategies like Infinite Banking and Profit First, Brandon advocates for proactive financial planning and setting realistic goals to navigate and overcome financial challenges.   Plus, he shares exactly how the dreamer and the ostrich can find their financial grounding!   00:00 Dramatic Opening: The Financial Dilemma We All Face 02:01 Breaking Down Financial Personalities: Ostriches vs. Clouds 05:31 Strategies for Financial Stability and Growth 07:09 Empowering Your Financial Future: Beyond Ostriches and Clouds 09:52 Conclusion: Mastering Your Financial Destiny   Links Mentioned in the Episode Get your head out of the sand and out of the clouds by getting a copy of Five Smooth Stones at https://www.wealthwisdomfp.com/shop Both paper and Kindle versions are available!   Watch this episode on YouTube here: https://youtu.be/sGt3kvldz0s 

Are you a 'HENRY' - High Earner Not Yet Rich? Some, despite earning six figures, still live paycheck to paycheck. There are too many potential causes. There's inflation, student loans, and pressures amplified by social media! Might the banking system or conventional financial strategies be to blame? Here's your chance to redefine 'HENRY' and get off the struggle bus. It's all about flipping the script and redefining the same acronym: HENRY. Plus, we offer 2 FREE resources to guide you in embracing a new financial story. It's time to break the paycheck-to-paycheck cycle and to enjoy life more!   00:00 Unpacking the HENRY Acronym: High Earner, Not Yet Rich 00:44 Introducing the Wealth Wisdom Financial Podcast - NEW INTRO! 01:58 The Struggle of Six-Figure Earners: Causes and Culprits 04:27 Breaking the Cycle: A New Take on HENRY 09:44 Building Your Money Team and Staying in Control 14:49 Exclusive Resources: Five Smooth Stones and Wealth Wisdom Community   Links mentioned in the episode: Get your free, digital sample of Five Smooth Stones here: https://bit.ly/sample5smoothstones  Start a 1-month, free trial of the Wealth Wisdom Financial Community here: https://wealthwisdom.mn.co/plans/291835?bundle_token=bde9e9f267ba608aeae8b07e037063f2&utm_source=manual    Watch this episode on YouTube: https://youtu.be/C-9pnUZDe4Q 

This episode addresses the six common financial 'fires' or challenges that can potentially derail one's financial well-being. These 6 fires are (1) liquidity needs, (2) long-term disability, (3) loss of life, (4) long-term care, (5) longevity, and (6) legal liability. Get your fire extinguishers ready BEFORE one of these fires hits you or your family! Join your hosts and special guest Mark Willis, CFP®. This episode is full of real-life examples. We also quickly get hopeful with ideas and share a software we offer to our clients: Asset-Map. Asset-Map is a tool visualizing one's financial situation, assets, liabilities, and insurance policies to prepare for and mitigate these risks effectively. We also touch upon the psychological aspects of financial planning and the peace of mind that comes with being prepared. By fostering an understanding of these challenges and encouraging proactive planning, the episode aims to empower listeners to achieve financial peace and security. 00:00 Opening Remarks: Navigating Financial Well-being 01:29 Personal Stories: The Impact of Financial Planning 06:14 The Six L's of Financial Security 06:33 Deep Dive into Liquidity Needs 07:51 Understanding Long-Term Disability 10:51 The Importance of Life Insurance 15:04 Addressing Long-Term Care Concerns 18:26 Facing the Reality of Longevity 21:33 Legal Liability and Legacy Planning 26:19 Empowering Fire Prevention Strategies 26:54 The Essence of Planning Over Plans 28:44 Introducing the Jetson Family: A Financial Planning Case Study 37:24 The Flinstone Family: Navigating Complex Financial Landscapes 48:18 Closing Thoughts and Invitation to Join the Financial Planning Revolution Next steps! Get your Asset-Map by scheduling a call and putting Asset-Map in the notes. Schedule a call with Brandon Neely or Amanda Neely, CFP® here: https://www.wealthwisdomfp.com/call Schedule a call with Mark Willis, CFP® here: https://nyafinancialpodcast.com/ Remember, it's not the plan or the tool that matters as much as the guide who comes alongside you to prevent financial fires!

In 2024, is it more difficult than ever to save money? Is it still important? Are we so trapped that the only cure is doom spending? Let's get some historical perspective - complete with legit charts and graphs! We reveal a future crisis that could be even bigger than the student debt crisis. Then, we turn to how to break the cycle without cash stuffing but maybe you could mix in some loud budgeting. These 5 proven practices are what we believe are the best way to gain financial independence! All while making sure we get to have fun along the way.   00:00 Introduction: The Challenge of Saving Money in 2024 01:42 The Two Sides of Saving Money: Spending Less and Setting Aside 02:48 The Importance of Saving: A Look at the Data 08:43 A Looking Crisis: A Hidden Financial Threat 13:03 How to Save Money: 5 Practical Strategies 20:36 Conclusion: The Power of Saving and the Path to Financial Stability   Want to go beyond "financial literacy" and get more wealth wisdom? Keep learning and get 5 more steps at https://www.wealthwisdomfp.com/report.

What is the hardest and nastiest problem in finance? What would Nobel Prize winning economist, William Sharpe say it is? It's retirement income planning. More Americans turned 65 years old in 2023 than in any other year in American history. This transition of the baby boomer population into retirement impacts everyone and everything. Check out today's episode for resources on building a passive income stream. You could do this whether you are 40 or 90 years old or in between. We've got multiple reputable sources who aren't trying to sell you anything. Could this episode give you the tools to tackle this hardest and nastiest problem in finance? Listen and find out!   Links mentioned in the episode: The Ernst & Young report: https://www.ey.com/en_us/insurance/how-life-insurers-can-provide-differentiated-retirement-benefits The consumer guide to lifetime income: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=AN79A Schedule a Discovery Call: https://www.wealthwisdomfp.com/call   Watch this episode on YouTube here: https://youtu.be/3BamZiVY9qw  Go even deeper on annuities here: Another video on our channel about annuities: https://youtu.be/_f5KAgCO4yk We really like these podcast episodes over on the Not Your Average Financial Podcast too:  Episode 211: Annuity Myths Exposed Episode 212: The Coming Revolution in Lifetime Income Episode 213: 8 Ways to Prosper From Annuities  

What do you think is the most common mistake real estate investors make? See if we come up with the same answer in this episode. Hint: We mention Arthur Guinness of Dublin, Ireland. He's the legend behind Brandon's favorite beer. Plus, we share 3 crucial steps to avoid this common mistake. One of these steps includes a way to save thousands of dollars and wasted time on a critical component of financial planning. Real estate investors, pay close attention. Others, you could be making this mistake too. Listen and evaluate your own mindset and actions!   Links Mentioned in the show: Craft an estate plan with worrying about how many hours it'll cost in fees or about your information being sold here: https://www.estatedocspro.com/a/wealthwisdomfp Ready to chat about what you want life to be life when you're 95 and how to get there? Schedule a Discovery Call to get started on a comprehensive financial strategy here: https://www.wealthwisdomfp.com/call Get our best insights on turning chaos to still in Five Smooth Stones here: https://www.wealthwisdomfp.com/shop     00:00 Introduction to Real Estate Investing 01:54 The Pitfalls of Short Term Thinking 02:27 The Chaos of Short Term Thinking 02:43 The Journey of a Real Estate Investor 04:06 The Burden of Real Estate Investing 05:11 How to Avoid the Chaos in Real Estate Investing 05:36 Three Big Ideas for Successful Real Estate Investing 10:59 The Importance of Estate Planning 15:01 Taking Action in Real Estate Investing 17:42 Conclusion and Next Steps   Watch this episode on YouTube here: https://youtu.be/raSWt32zhgk 

Many entrepreneurs face a dilemma of balancing financial stability and pursuing passion. First of all "balance" is too heavy of a target. How about a mix? Join Amanda as she lays out five core principles shaped as '5 P's' of combining passion and profit. The 5 P's offer a thoughtful blend of history, practical, and inspiration. Ready for a fulfilling professional and personal life where passion and profit complement each other? Don't forget Purpose to add a triple-bottom line to the 5 P's. Want more inspirational and practical content like this? Join the Wealth Wisdom Financial Community here: https://www.wealthwisdomfp.com/community.   00:01 Introduction: The Dilemma of Passion vs. Profit 01:18 Personal Journey: Balancing Passions and Entrepreneurship 02:59 Historical Inspirations: Learning from Successful Figures 05:50 Five Principles for Combining Passion and Profit 15:47 The Role of Purpose in Passion and Profit 18:58 Join the Wealth Wisdom Financial Community 20:27 Conclusion: Live Long and Profit   Watch this episode on YouTube here: https://youtu.be/qppcGGkm4ac

Watch this episode on YouTube: https://youtu.be/m45N7dByxPA     What if you had a flowchart for your money? What if you could easily see how every dollar that enters your sphere flows through your ecosystem? Would you like to see someone else's flowchart too?   In this week's podcast, we reveal the exact flowchart we use today. It's our 1-page money "treasure map." Of course, we visually demonstrate the Profit First method on our map, dividing our income into different categories and guiding you through the process. We also delve into what we believe is the most important part of our flowchart: "The Vault."   If you're someone who learns better through visuals, this could be just right for you. While your money map might look different from ours, we hope our journey can still offer valuable insights for your financial adventure!   Links mentioned in the show: Watch the older, 1 hour 20 minute version here: https://youtu.be/L-HRPFhiaFw?si=QhG02S51EQB1iESt. Around the 53 minute mark in is where we show our old money map. We'll show the update in the next episode.   If you're thinking about implementing Profit First, on average it takes a year.  We shortened the process to 12 weeks in our Implement Profit First in 12 Easy Steps. You can claim your access at: www.wealthwisdomfp.com/profit   Tip: Get a preview of the online quest here: https://wealthwisdom.mn.co/posts/implement-profit-first-in-12-easy-steps-welcome-watch-me-first    

Are you considering Profit First for your business or side hustle? Using Profit First but unsure how it'll work as you grow your revenue? Then, you'll love this episode where we revisit Profit First after fully using it for 5 years and seeing our business grow by leaps and bounds. We even share a couple hacks we use to save time and implement efficiently. One of those hacks is how we use YNAB (You Need A Budget) along with Profit First. Another is about an account we added to the core 7. Finally, don't forget (1) to click these links to discover more of how you might implement Profit First faster and easier and (2) to subscribe so you don't miss part 2.   Links mentioned in the show: Watch the older, 1 hour 20 minute version here: https://youtu.be/L-HRPFhiaFw?si=QhG02S51EQB1iESt. (Around the 53 minute mark in is where we show our old money map. We'll show the update in the next episode).   If you're thinking about implementing Profit First, on average it takes a year. We shortened the process to 12 weeks in our Implement Profit First in 12 Easy Steps.   Claim your access at: www.wealthwisdomfp.com/profit.   Tip: Get a preview of the online quest here: https://wealthwisdom.mn.co/posts/implement-profit-first-in-12-easy-steps-welcome-watch-me-first   Watch this episode on YouTube: https://youtu.be/ll98hpdj_ZI

This week, we talk about budgeting and why it can be a bit tricky. I (Amanda) will share my stories about budgeting, going all the way back to when I was in middle school. I'll also show you a budgeting app called Y.N.A.B. (You Need a Budget) and share my own way of using it.   We'll also take you to the "Cash Flow Control Room," a safe place for managing your money. Plus, we'll invite you to join the Wealth Wisdom Financial Community. In our online community, we have a course about using the Y.N.A.B. app. And guess what? For a short time, we're offering an 80% discount on our premium membership! Watch now!   Links Mentioned in the Episode   Join the Wealth Wisdom Financial Community here now before the discount disappears: https://wealthwisdom.mn.co/plans/305293?bundle_token=4556d6d7654de8f6260367dfbc9e9241&utm_source=manual     Learn more about how we budget in Manage Cash Flow Like a Millionaire here: https://www.wealthwisdomfp.com/ynab     Try YNAB and get a free month when you sign up (we get a free month too!): https://ynab.com/referral/?ref=RzDArtdB4Y-ZA8T5     Watch this episode on YouTube: https://youtu.be/_q8yh6nndE4