We’re diving into the world of investing today, and let me tell you, it’s not as wild as the Facebook ads make it seem! Our guest, Fadi Habib, the mastermind behind Legacy Wealth Builder Academy, is here to bust some myths about the stock market that might just have you shaking your head in disbelief. Forget the idea of making a quick buck; we’re talking about building sustainable wealth through smart, strategic choices. Fadi emphasizes that investing isn’t a gamble—it's about being smart with your money and understanding the risks involved. So, whether you’re a seasoned pro or just starting to dip your toes into the financial waters, this episode is packed with essential insights and tips to help you navigate the sometimes murky waters of the stock market with confidence. Grab your favorite beverage, get comfy, and let’s unravel the mysteries of investing together!

Takeaways:

• Investing isn't a sprint; it's more like a leisurely stroll, folks! Slow and steady wins the wealth race, not those wild day trading dashes!
• You can make money in the stock market, but it's not a casino—you're buying businesses, not lottery tickets!
• The stock market breathes—sometimes it inhales and rises, other times it exhales and dips. Expect that and don't panic!
• Risk and reward go hand in hand—don't chase ROI without considering the risk. It's like running a marathon while holding a piñata!
• Options investing is a tool to leverage stocks, but you need to learn the basics first. Think of it as a fancy chef's knife—use it well or you might cut yourself!
• Before diving into the market, practice with paper trading. It's like training wheels for your investment bike—wobble a little without the risk of falling flat!

Links referenced in this episode:

• legacywealthbuilderacademy.com

Chapters:

• 00:00 - Myths About the Stock Market
• 01:44 - Understanding the Basics of Investment Quadrants
• 08:15 - Understanding Investment Myths
• 16:18 - Key Principles for Success in Stock Market Investing
• 27:37 - Overcoming Fear in Personal Growth
• 29:49 - The Essence of Success: Action and Fear of Failure

• 35:56 - Exploring Types of Freedom

Disclaimer:

The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.

Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.

This is an Ai deep Dive of Episode 313 of the About That Wallet

Dr. Laquore J. Meadows, Ph.D., is a dynamic leader, #1 Best Selling Author, and CEO of Invest2Give® and Stocks & Sorors®, who utilized the stock market to accomplish her financial goals after transitioning from a career as a higher education professional. Inspired to normalize wealth among communities of color, her relentless mission is to help professionals build "income on demand" by leveraging stock and options trading to promote the intergenerational transfer of wealth. She provides strong financial knowledge to students of all levels and emphasizes that success begins with mindset, continuous education on options strategies, and, most importantly, execution.

https://www.invest2give.com/

https://www.aboutthatwallet.com/post/313-laquore-meadows-the-power-of-options-trading

#aboutthatwallet #investing

We're diving into the world of options trading, and let me tell you, it's a game changer! You don't need to own shares to start trading options—yes, you heard that right! Today, we’re chatting with Laquore Meadows, a former higher ed pro turned full-time stock and options trader, who’s all about helping folks like us build income on demand. We’ll explore how everyday people can rewrite their financial stories with options—it's all about mindset, education, and, most importantly, execution. So if you’re ready to ditch the old misconceptions and learn how to leverage options for your financial future, you’re in the right place! Grab a snack, kick back, and let's get this money conversation rolling!

Takeaways:

• Options trading doesn't require owning shares; you can trade contracts instead!
• Building wealth through options starts with believing you can succeed in the market.
• Educating yourself about options and their strategies is crucial for successful trading.
• Execution is key; knowledge alone won't help if you don't take action to trade.

Timestamps:

• 00:00 - Introduction to the episode
• 05:12 - Laquore's journey from higher education to trading
• 12:45 - Importance of mindset in trading
• 18:30 - Educating yourself on options trading
• 25:00 - Strategies for successful trading
• 32:15 - The role of execution in financial success
• 40:00 - Laquore's personal experiences and insights
• 47:30 - Closing thoughts and call to action

Contact Laquore:

https://invest2give.com

Disclaimer:

The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.

Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com/newsletter for more insights and updates.

Today, we're diving into a fascinating discussion about OpenVest, a fintech company that's making waves by claiming to bring high-level investment strategies to the everyday person. You know that pesky sandwich generation? Well, they're the ones feeling the squeeze trying to juggle raising kids and caring for aging parents, all while building wealth. OpenVest is stepping in, promising to democratize investing with low fees and impressive potential returns. We're talking about starting with as little as $300 and possibly seeing returns of 120% to 300% over three years! But hold on—any time you hear numbers like that, you’ve gotta wonder about the risks involved. So join us as we unpack their approach, challenge the traditional investment landscape, and ponder whether this could really be the game-changer for folks looking to build a financial legacy.

This episode is a real eye-opener for anyone feeling the crunch of the sandwich generation—those caught between raising kids and caring for aging parents. Justin Kuyper from OpenVest joins us to chat about how his fintech company is shaking things up in the investment world. We’re exploring how OpenVest is claiming to democratize investment strategies that were once just for the big dogs, like hedge funds and private equity. If you’ve ever felt like you were missing out on the financial good stuff because of high fees and confusing options, this conversation is for you!

Justin dives into OpenVest's proprietary algorithms that are designed to bring institutional-level investment performance to the everyday investor. He’s not mincing words when he criticizes traditional retirement plans, calling them “overly diversified bundles of garbage” leading to “flatline growth.” That’s a bold statement! We discuss the importance of understanding the risks of chasing high returns, especially when they come with the potential for volatility. After all, high reward often means high risk, right?

The conversation flows as we examine OpenVest’s fee structure, which is refreshingly simple and low-cost compared to the usual suspects in the investment world. Imagine investing without worrying about those pesky percentage fees gnawing away at your returns! Justin discusses scenarios where low fees can significantly impact long-term wealth building. It’s a wild ride through the complexities of finance, but with a refreshing twist that keeps things light and fun. If you're part of the sandwich generation or just curious about innovative investment solutions, this chat is packed with insights that could change how you think about your financial future!

Website: https://openvest.co/

Thank you for listening!

check out https://aboutthatwallet.com

312 Bonus

In this conversation, Anthony Weaver interviews Justin Kuyper, the CEO and founder of OpenVest, a fintech platform designed to help the sandwich generation build strong financial habits. Justin explains how OpenVest democratizes access to investment opportunities typically reserved for elite hedge funds, allowing users to start investing with as little as $300. The discussion covers the company's customer-centric approach, innovative pricing model, marketing strategies, funding methods, and future expansion plans. Justin emphasizes the importance of user trust and the mission to provide better investment options for everyday Americans.

The platform being highlighted in this recording is Openvest — a fintech platform offering actively managed, institutional-grade investment strategies to retail investors for just $3/month for individual accounts.

In addition, Openvest now offers IRA and 401(k) options, making it a comprehensive, low-cost solution for both everyday and long-term investors. The platform is currently live in 11 U.S. states and expanding

Takeaways:

• Wealth is not just about money; it's a freedom enabler that allows us to pursue our passions and enjoy life to the fullest.
• OpenVest makes investing accessible for everyone, starting with a minimum of just $300, which is a game changer for many.
• The platform aims to democratize wealth building, giving users access to the same investment opportunities as elite hedge funds, but without the hefty price tag.

Chapters

00:00 Introduction to OpenVest and Its Mission

02:42 The Value Proposition of OpenVest

05:16 Building a Customer-Centric Business

08:22 User Growth and Marketing Strategies

10:45 Funding and Investment Strategies

13:40 The Inspiration Behind OpenVest

16:39 Future Plans and Expansion

19:15 Final Thoughts and Advice

Website:

https://openvest.co/

Thank you for listening!

Be sure to check https://aboutthatwallet.com for more podcast episodes and many more resources!

Disclaimer: 

The content provided in this episode is for informational purposes only and should not be considered as financial advice. Please consult with a qualified financial advisor before making any investment decisions.

Episode: 312

Let’s dive into the world of financial freedom, especially for those of us caught in the sandwich generation, juggling kids, life, and aging parents! We’re unpacking some golden nuggets from episode 311 of the About That Wallet podcast, where host Anthony Weaver and Mukheram Maudjud from Bullionite share practical habits that can help you navigate these choppy financial waters. The key takeaway? You’ve got to start with your “why” – and no, I’m not talking about that emergency pizza fund! Knowing your deeper motivations can turn your financial journey into something meaningful and fulfilling. We also chat about shifting from a scarcity mindset to one of abundance, because let’s face it, no one wants to keep saying, “I can’t afford that!” Instead, how about thinking, “I’m choosing to invest my resources differently right now”? So grab your favorite snack, kick back, and let’s get into how we can all feel a little more confident about our financial futures!

Takeaways:

• Understanding your 'why' is crucial for financial success, beyond just making quick cash. It's about your deeper motivations and values.
• The podcast emphasizes that trading smartly isn't luck; it's about having systematic approaches and rigorously testing your strategies first.
• To achieve financial freedom, especially for those juggling multiple responsibilities, it's vital to shift your mindset from scarcity to abundance.
• Generosity plays a key role in financial growth; when you share your resources, you create space for more to come back to you.
• Embracing abundance means changing your language around money, shifting from limitations to empowerment and control over your finances.
• Time is our most precious resource, and how we trade it for money can redefine our financial journey and personal fulfillment.

Links referenced in this episode:

• https://aboutthatwallet.com
• https://bullionite.com

🙏🏽 Thank you for tuning in!

Your support helps more people build strong financial habits and achieve their goals.

📩 Join the About That Wallet Newsletter for budgeting tips, saving strategies, and more:

👉 https://aboutthatwallet.com/newsletter

✨ Follow Anthony Weaver:

Instagram: @AboutThatWallet

Twitter: @AboutThatWallet

Website: aboutthatwallet.com

⚠️ DISCLAIMER:

This content is for educational purposes only and is not financial advice. Always consult a licensed financial professional when needed.

If you're curious about trading and want to dive into the nitty-gritty of building your financial future, we’ve got you covered! This episode kicks off with the golden nugget that before you even think about trading, you need to know your "why." Forget the dream of making quick cash and quitting your job—trading can be a whole lot of work, but it can also be incredibly rewarding if you approach it with the right mindset and strategies. I chat with Mukarram Mawjood, the founder of Bullionite, who unpacks the essentials of trading, from understanding the market cycles to developing your own trading rules. Plus, we tackle the all-important concept of trading systems, empowering you to take control of your financial destiny with actionable insights. So, if you’re ready to explore the world of trading with a blend of humor and practical advice, buckle up—this episode is for you!

Takeaways:

• Understanding your 'why' is crucial before jumping into the trading world, as it shapes your approach and mindset.
• Trading isn't just about quick cash; it's about developing solid habits and a deeper understanding of the market.
• Embrace the journey of learning trading as a process that requires both time and effort, rather than expecting instant results.

Chapters:

• 00:00 - Understanding the Importance of Motivation in Trading
• 00:29 - Understanding Trading: Strategies and Misconceptions
• 16:02 - Educating the Youth on Trading Principles
• 27:30 - Navigating Parental Expectations and Personal Freedom
• 32:23 - Transitioning to Financial Freedom

Thank you for tuning in! If you found value in this episode, please share it with someone who could benefit from the insights shared today.

#AboutThatWallet

Join the About That Wallet Newsletter for more financial tips: https://aboutthatwallet.com/newsletter

⚠️ DISCLAIMER:

This content is for educational purposes only and is not financial advice. Always consult a licensed financial professional when needed.

Episode 311

Let's talk about the nitty-gritty of money chats in relationships! We dive right into why having open conversations about finances is not just a good idea—it's essential. Whether you're in the early dating phase or getting serious, discussing what you want financially can set the stage for a more stable and secure future together. Our special guest, Jaricka Thomas, shares her insights on how these conversations can help ensure that both partners are on the same page, especially when it comes to planning for unexpected events like illness or loss. We also explore practical strategies for couples, from budgeting to bucket lists, and how to avoid the pitfalls of keeping financial secrets. So, grab a comfy seat and let's get ready to turn those awkward money talks into a breeze!

Chapters:

• 00:00 - Navigating Financial Conversations in Relationships
• 06:11 - Navigating Financial Conversations with Family
• 10:42 - Understanding Financial Literacy and Its Impact
• 18:30 - Understanding Survivor Benefits and Financial Security
• 27:30 - Navigating Financial Conversations
• 31:22 - Navigating Financial Conversations in Relationships
• 38:21 - The Importance of Open Money Conversations
• 41:46 - Wealth and Its Lessons

Takeaways:

• Having money conversations early in a relationship can set a solid foundation for financial support and understanding later on.
• Using budgeting apps and tracking spending can help couples visualize their finances, leading to more informed decisions about their money.
• Having a financial plan and involving your partner in it can enhance trust and cooperation, ultimately leading to a stronger relationship.

More about Jaricka Thomas:

https://savingsense.org/

What are your social media handles?

Instagram: @savingsensehq

Facebook: @wearesavingsense

TikTok: @savingsensehq

THANK YOU FOR LISTENING!

#AboutThatWallet

Join the About That Wallet Newsletter! https://aboutthatwallet.com/newsletter

Support the show by subscribing, sharing, and commenting on your favorite platforms. Your engagement helps others discover valuable financial insights.

Follow Me:

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Twitter: https://twitter.com/aboutthatwallet

Website: https://aboutthatwallet.com

⚠️ DISCLAIMER:

This content is for educational purposes only and is not financial advice. Always consult a licensed financial professional when needed.

Episode 310

Today, we're diving into the financial jungle that is the Sandwich Generation, those brave souls juggling the needs of aging parents and their own kiddos. The big question we’re tackling is: what's the first step to turn those pesky financial red flags into shiny green flags? Should you rush to get a fiduciary financial pro on your side, or is it smarter to start with some self-awareness and building better financial habits? I'm all about the power of comprehensive professional guidance right from the get-go—because, trust me, the stakes are high! But my co-host argues that starting with personal financial literacy and accessible tools can lay a solid foundation for future success. So, whether you’re team fiduciary or team self-guided, we’re here to help you navigate your way to financial wellness with a whole lot of fun and a sprinkle of humor!

Navigating the financial waters can often feel like trying to swim upstream while wearing a weighted vest, especially for the Sandwich Generation—those juggling the needs of aging parents and their own kids. In this lively episode, we dive deep into a spirited debate between two savvy hosts, Anthony Weaver and Michael Scarpati, who tackle the pressing financial challenges faced by this unique group. The core question revolves around the best first step: should one immediately enlist the help of independent fiduciary financial professionals, or should the focus be on fostering personal financial awareness and healthy habits first?

Weaver argues passionately for the importance of seeking out comprehensive professional guidance right from the start. He emphasizes that many financial advisors aren’t fiduciaries, which means they might not always put their clients' best interests first. With a staggering percentage of licensed professionals not held to fiduciary standards, he believes that securing the right kind of advice is crucial to avoiding potential financial pitfalls. Scarpati’s insightful anecdotes, like the cautionary tale of a retired couple with a risky investment strategy, underscore the necessity of a holistic financial plan that includes tax strategies, cash flow management, and multigenerational wealth transfer. The hosts also discuss innovative platforms like Retire Us, which aim to connect individuals with qualified fiduciaries and simplify the daunting search for trustworthy financial advice.

On the flip side, Scarpati presents a compelling argument for starting with self-directed financial education. He posits that many in the Sandwich Generation lack basic financial literacy, which can lead to more significant issues down the road. By focusing on understanding personal financial goals and building good habits, individuals can lay a solid foundation for future professional engagement. He shares practical tools and strategies, such as financial checkpoints, that empower listeners to identify their red flags and approach their finances with confidence. This discussion is not just about arguing for one side or the other; it’s about illuminating the diverse pathways to financial wellness and the importance of finding an approach that resonates with each individual’s unique circumstances. So, whether you’re leaning toward hiring a fiduciary or diving into self-education, this episode is packed with insights that can help anyone in the Sandwich Generation tackle their financial challenges head-on.

Takeaways:

• The Sandwich Generation faces unique financial challenges, juggling support for aging parents and kids.
• Engaging with fiduciary financial professionals can provide essential guidance for long-term planning.
• Building personal financial awareness and habits is a crucial first step for many people.
• Platforms like Retire Us help connect individuals with vetted fiduciaries, ensuring quality advice.
• Understanding your own financial situation is essential before diving into professional services.
• Both self-directed learning and professional guidance are important for achieving overall financial wellness.

Chapters:

• 00:00 - Introduction to the Sandwich Generation's Financial Challenges
• 00:59 - Understanding Financial Guidance for the Sandwich Generation
• 03:03 - The Importance of Financial Literacy and Professional Guidance
• 04:25 - The Importance of Trust in Financial Advice
• 06:13 - Cultivating Personal Financial Consciousness

Learn more about Michael Scarpati:

https://www.instagram.com/retire.us/

https://www.linkedin.com/in/michael-a-scarpati/

https://www.retire.us

Disclaimer: This is for educational purposes only.

In this episode, we explore the often-overlooked aspects of financial awareness with Michael Scarpati, a seasoned financial professional dedicated to empowering individuals on their journey to financial literacy. We kick off the conversation by addressing the blind spots that many encounter in their financial planning, particularly when it comes to retirement. Michael emphasizes the importance of understanding your financial landscape and recognizing the red flags that could derail your goals. We delve into actionable steps to transform these red flags into green flags, including utilizing tools like the Financial Checkpoint to assess your retirement readiness.

We also discuss the significance of working with an independent fiduciary, someone who is legally obligated to prioritize your best interests. Michael shares insights on how to vet financial professionals and the qualifications to look for, ensuring you receive trustworthy advice. As we navigate the complexities of financial planning, we touch on the importance of starting early, especially when it comes to saving for your children's education through 529 plans.

Join us as we unpack these essential topics and more, helping you take control of your financial future with confidence!

Takeaways:

• Understanding your financial blind spots is crucial for effective planning and achieving your retirement goals.
• Utilize free tools like the Financial Checkpoint to identify red flags in your financial strategy.
• Working with an independent fiduciary can provide you with trustworthy, personalized financial advice.
• Early planning for children's education through 529 plans can significantly impact their future financial stability.
• Clarity on your financial goals is essential for creating a roadmap to success.

Chapters:

• 00:00 - Understanding Financial Advice
• 00:21 - Understanding Financial Awareness: The Journey Begins
• 12:09 - Understanding Financial Planning and Its Importance
• 19:38 - Planning for Children's Futures
• 23:37 - Navigating Parenthood and Financial Planning
• 28:46 - Understanding Wealth and Financial Mistakes
• 32:52 - Cooking and Favorite Dishes

Links referenced in this episode:

• https://retireus.com/
• https://www.instagram.com/retire.us/
• https://www.linkedin.com/in/michael-a-scarpati/

Thank you for tuning in! Your support helps us empower more people to build strong financial habits and engage in meaningful conversations about money.

📩 Join the About That Wallet Monthly Newsletter for budgeting tips, saving strategies, and more:

👉 https://aboutthatwallet.com/newsletter

✨ Follow Anthony Weaver:

Instagram: @AboutThatWallet

Twitter: @AboutThatWallet

Website: aboutthatwallet.com

⚠️ DISCLAIMER:

This content is for educational purposes only and is not financial advice. Always consult a licensed financial professional when needed.

Episode 309