In this week’s “live from the coast of Georgia” episode, we’re talking about:
How the Rich Got Rich
Not much else to add this week…somebody’s gotta get some sand between their toes.
As always, if you have questions please reach out to us here.
It seems like episode 170 is all about psychology and how people think about things related to money. Well, at least that’s what we were shooting for…I think.
Of course we’d all like to think that we’re 100% logical when it comes to planning our finances but as you’ll learn by listening, that’s just not the case. Most times, we tend to be more emotional than logical.
That being said, after listening to today’s show I think you’ll also understand that most people just don’t take the time to think through some basic math. If they did, they would quickly realize the flaw in their thinking.
Example: Maybe getting a 12% return on my portfolio in the next 12 months (while having 80% in cash) is not realistic? Read More…
A life insurance company’s yield on assets is a great metric to watch with respect to inferences concerning the cash performance within policies. Since life insurers use the yield achieved on managed assets to support policy benefits this statistic is of extreme importance to us especially when we focus on cash accumulation values within a life insurance policy.
We specifically look at the overall trend for this statistic to see if an insurer is improving or regressing in terms of yield on assets achieved. Read More…
Be warned, it was one of the first recordings we made…sound quality is not great.
The first half of today’s show is all about bonds–exciting right? No, probably not but listening and understanding what falling bond prices (and increasing yields) means for your money might save you from some pain. Read More…
The fixed premium in whole life insurance gives many people a fear of commitment. But, it doesn’t have to be this way. You need not approach whole life insurance with apprehension. The annual premium is not the massive financial commitment it appears to be.
If buying whole life, don’t buy a policy that commits you to 100% of the premium each year it’s due. Read More…
In the 168th episode of the Financial Procast there is a common theme. Being overconfident about money, how much you REALLY have, and what it takes is dangerous.
Confidence is generally a good thing.
But when it comes to money, being too confident can lead to apathy and apathy leads to carelessness. Being careless with your money is not good. Read More…
A lot of Americans are struck ill thinking about how much money they need to retire. Several trade associations within the financial services industry have noted the lack of preparation both consumers and financial advisors et. al. have as it relates to turning your heard earned and saved dollars into retirement income. This problem has sparked a massive revamping of academic instruction among the industry’s best-known degree/certificate granting institutions.
This has accomplished some success in at least changing the conversation as it relates to retirement planning, but there’s still plenty of room for additional awareness and today I want to drive home a significantly important point about what it will really take to achieve comfortable retirement income.
Today we’re talking about Robo Advisors again.
Don’t worry, that’s not the only thing we’re discussing but we do spend quite a bit of time on that topic. What they’re doing almost feels dirty.
Taking a “process” that the investment industry has been doing on paper for 20 years and putting on the web almost feels like something new.
Of course the argument is that it’s really inexpensive. But… Read More…
Well, you lucked out again. We got so wrapped up in one of our discussions that we only got to complain about 3 topics today instead of four.
In this episode of the Financial Procast we discuss the spending habits of the rich, poor and everyone in between. You may be surprised that the differences are not as substantial as you think in regards to spending, however, the differences become very apparent when looking at savings rates. Read More…