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Better Money Decisions

You’ve probably started with great intentions, telling yourself you’ll stash away more for retirement and buy fewer lattes (because some writer said buying lattes is a bad thing). But life happens. It’s not as neat and tidy as the financial experts on TV seem to think. You’ve got a lot going on in your life, and you need more than simplistic, cookie-cutter instructions to keep you on the right financial path. Kate Stalter escorts you to the right path for your money. She talks to experts and "normal" people who have taken the right steps to make better money decisions.
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Now displaying: June, 2017
Jun 22, 2017

Today we're diving deep into the vault and airing this fantastic conversation with an amazing financial mind! He's and author, speaker, and financial advisor. He is Beau Henderson, and his book is The Rich Life: Ten Investments for True Wealth.

What You’ll Hear from Beau:

  • We must blend the principles of money and real-life into “Functional Financial Planning.”
  • “A Rich Life” boils down to what people value, connect to, and what “lights” them up.
  • Media that Beau uses most? Radio and Audible for reading books
  • About his decision points early in his life, Beau says, “I’m the poster child for learning lessons from messing up!”
  • Beau has a unique perspective of looking at life as a school curriculum that we have to repeat until we pass.
  • An attitude of gratitude!
  • “Life School”—how this realization hit Beau with a seven-figure debt!
  • Beau learned the priceless lessons of risk, relationships, partnerships, and survival.
  • “I was determined to learn the lesson and be better for it.”
  • Listen to hear about the turning point that brought him face to face with reality.
  • “Don’t pursue wealth, but view it as a tool to create a meaningful life.”
  • Beau’s focus is to build something that has a legacy to it.
  • He has a partnership with Junior Achievement in a financial literacy course for kids.
  • Today’s kids have less savings and more debt than their parents!
  • Experiential learning is necessary to be a good financial advisor.
  • Everyone should be talking about money!
  • “Being an ostrich with your head in the sand is a BAD financial plan!”
  • Get clarity and be honest about where you are with your money right now—KNOW YOUR NUMBERS!

Resources:

www.beauhenderson.com

Jun 15, 2017

Today's guest, Kirk DuPlessis of Option Alpha, explains some really difficult concepts in an easy way for you to understand. He also talks about Option alpha and what you can learn there, at absolutely no cost! Listen in and find out what Kirk has to share with you today! 

 

Kirk, who has a finance degree, started out working on Wall Street, as an Investment Banker. With the demanding hours, however,  he quickly realised that it wasn't for him. So he became a REIT Analyst for a short time, but he decided to leave, as he found he had no real passion for that either. Then, about eight years ago, he started trading for himself. He began sharing his journey online and started a Google Blog, where he posted his decisions, trades and thoughts. People started asking questions and so he began to put together some videos and courses. One thing lead to another and now he has a really nice community of people, who are both learning and educating. This is Option Alpha, which is really a platform to help to educate people. What makes them different, however, is that they don't charge for any of the education or the training. Listen in now, as Kirk explains all about how to be successful, with Options Trading.

 

Today, Kirk talks to Kate about:

 

  • Why there is no need for Option Alpha to charge anything for their education or training that they offer.
  • How they are monetizing Option Alpha.
  • His thoughts on people using Institutional Methods for trading. 
  • What Kirk really does, at Option Alpha.
  • What Warren Buffet does with Options Trading and Insurance in the US.
  • That Options Trading is very much like selling insurance. 
  • How you can control the risk, with Options Trading.
  • Why Options Trading is superior to buying stocks.
  • Some things that the newbie to Options Trading really needs to know.
  •  

Links:

 

Kirk's website: www.optionalpha.com

 

Jun 6, 2017

“Financial Success doesn’t start in your wallet.” These are Jacquette Timmons words of wisdom to anyone willing to make positive changes in how they think about money. In today’s market environment, it is more important than ever to have a healthy mindset about your choices regarding money, but sometimes it leaves you scratching your head. What does it take to feel confident about the money choices you are making? It seems the answers might lie in your behavior

Jacquette is a Financial Behaviorist, meaning she makes a point to study people’s behavior and the motivations behind it. Through speaking, writing, and creative approaches to coaching, Jacquette helps clients not just change their mindset about money, but their behaviors as well. To that end, she will show you not just how to manage your money, but manage your choices. 

 

Show Highlights:

 

  • Learn a Financial Behaviorist’s tools of the trade. 
  • See how the financial crisis of 1987 impacted Jacquette’s outlook on finances. 
  • Personal finance is a relatively new study. 
  • How an increase in understanding of human behavior has led to an increased understanding of personal finance. 
  • A discussion of the problems of the Law of Attraction. 
  • The need for a plan of action. 
  • How workshops and keynote speeches can pave the way to a new money mindset. 
  • How is personal finance like going to the doctor? 
  • Jacquette explains her coaching practice. 
  • Learn to challenge your behavioral biases. 

 

Books:

Finance for Normal People by Meir Statman 

Financial Intimacy by Jacquette Timmons 

 

Links:

Jacquette’s Website 

Twitter: @jacqmtimmons 

Sign up for the Financial Wheel: https://www.jacquettetimmons.com/wheel/

The Comfort Circle: https://www.jacquettetimmons.com/comfort-circle/

 

Kate‘s Article for US News and World Report:

http://money.usnews.com/money/personal-finance/mutual-funds/articles/2015/05/26/7-behavioral-biases-that-may-hurt-your-investments

 

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