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Well, we take a week off from recording/producing the financial procast and the market decides it's going to fall apart. I wasn't aware that our podcast was the glue that holds it all together?
In light of that, and the fact that today marks the 3rd anniversary of our show, we decided to take a break from our normal show format. We dedicated today's show entirely to a discussion of risk.
In episode 181 of the Financial Procast, here’s what we discuss: Money Flees U.S. stock funds SEC commissioners push for greater pricing transparency for bonds Variable Annuity surrender charges aren’t what some would have you think Rents rise to “crazy” levels An as a reminder, there will not be a new episode of the financial …
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Ever been around someone who tried too hard? It's painfully obvious.
The financial services industry is guilty of this kind of behavior. Need proof? Just google the term “society of grownups” and you will need no further evidence that we're telling you the truth. I could link to them here but we make it a policy to only send our visitors away from our site when there's something useful on the other end.
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Don't let the title fool you. We're not actually starting our own sorority. But we do think that it's a shame that the CFP board recently compared itself to one in a recent court case where they were being sued.
We thought it was an organization dedicated to upholding a professional standard in the financial planning community?
We're talking about that recent court ruling and a few other things today on the Financial Procast.
We’re back after a two week unplanned hiatus. Sometimes life happens, not much we can do about that. Thankfully, we still remember how to record and produce a podcast. Here’s what we’re discussing in episode 178: A $15/hr. minimum wage? Obamacare rates set to skyrocket The housing market is irrational As always, if you’d like …
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Are you tired of new ideas? Why is that people (us included) spend so much time trying to come up with new ideas when the old ones aren't bad?
Let me clear, lest you think I'm a luddite. I'm not saying that things shouldn't improve over time and that new choices aren't a good thing.
But I am a big fan of letting the market decide what's needed, not new mandates from on high. We don't need anyone to build a better mousetrap to help us with saving money for retirement.
Or any other purpose for that matter. What we all need is financial discipline. Make more, spend less.
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We tried not to talk about the Department of Labor's proposed rule change regarding retirement accounts. I promise. We had a conversation where we specifically decided we weren't going to do it.
But then we did.
There are times that no matter how much we'd like to talk about something else we can't. This story has really taken on a life of its own.
And the more we hear from those who support the rule change, the more we feel compelled to jump into the fray.
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Every now and then something comes along that we just have to spend a bit more time on than usual. Today in the second half of the show, we get into proposed legislation from the Department of Labor.
Now, this isn't the first time we've discussed the issue. But we now have congressional testimony to reference.
The testimony is enlightening. It confirms what we've suspected for quite some time…the people who try to make the rules for the financial services industry have no clue how anything ACTUALLY work.
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Today we're tackling the topic of getting your financial house in order. That also means that we're discussing the lack of solid financial educational information that is available.
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One of the most common phrases you'll see tossed around on the internet (at least as it relates to the topic of personal finance) is that “cash is king”. In fact, we recorded a podcast on that very topic a couple years back.
But today we're not talking about cash per se. No, today we're talking about cashflow in particular.
We've realized over the last few years how important it is for us to have this discussion regarding cashflow. For so long, people have been focused almost exclusively on building their net worth or accumulating large account balances.
Too little has been done to help people focus on what's really important…
