Engineer of Finance

In this episode of the Engineer of Finance podcast, host Ken Greene interviews Parker Pursell, president of eQRP, a company that offers alternative retirement plans. Parker shares the motivation behind eQRP, which originated from the founder's personal experience of his father's traditional 401(k) failing to provide sufficient financial security. The company enables individuals to access their 401(k) savings, invest outside the stock market, and provides educational tools to promote financial literacy. The conversation emphasizes the importance of self-employment as a route to qualify for a self-directed 401(k). eQRP particularly serves those dissatisfied with traditional 401(k) plans or wish for greater control over their retirement savings.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance
• Connect with Parker Pursell
• https://www.linkedin.com/in/parker-pursell
• https://eqrp.com/

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• The motivation behind eQRP, to avoid the failures of traditional financial advising
• Failure of the traditional financial system in educating individuals about managing their money
• The idea of entrapment in the 401k system and how the company seeks to free clients from this
• eQRP's way to help individuals access money from previous jobs
• Considering business activities to prove self-employment for self-directed 401ks
• eQRP's service offerings
• What their approach to investments are
• eQRP's reputation and value they create for the community with their innovative financial solutions

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Jason Somerville, an experienced entrepreneur and investment banker, shares his professional journey and insights on transitioning from a corporate job to entrepreneurship. He narrates about his previous roles at Bank of America and a hedge fund, before starting his own ventures, including a helicopter leasing company. Jason now assists business founders/owners planning an exit strategy in his current role at GW Partners. Through a series of phases, they identify weaknesses in businesses, implement improvements and strategize to sell the businesses.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance
• Connect with Jason Somerville
• https://www.linkedin.com/in/jason-somerville-7273b71a/
• https://www.gw.partners/

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• Jason's work in helping entrepreneurs with their exit strategy
• The typical investors they worked with at the hedge fund
• The challenges and benefits of navigating the entrepreneurial path
• How his wife's deep belief in his ideas ignited his entrepreneurial journey
• The human component in financial deals
• Using branding as a business strategy, emphasizing emotional connections, DNA, and clear messaging

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Ken Greene discusses the importance of concentrating on the things that one can control and letting go of the concerns that cannot be managed. Inspired by a conversation with a new client worried about global tensions and their impact on financial matters, Ken emphasizes on the futility of worrying about things beyond control, suggesting instead to pay attention but not dwell on such matters.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• Monitoring global affairs but choosing not to let it cause undue stress; focusing on situations that can be controlled
• Focusing on controllable factors on a daily, weekly, monthly and quarterly basis to meet personal, familial, and workplace goals
• Past struggle with perfectionism and how it deterred progress
• Lesson learned from guest speaker about overcoming perfectionism
• Focusing on tasks and goals that can be controlled and acknowledging the inability to control everything else
• Learning from personal experiences and sharing this knowledge to help others
• Importance of addressing, understanding, and improving personal habits and circumstances before attempting to solve larger issues; applying this lesson in financial and investment strategies
• Advice to focus on what one can control; reminder of being aware but not consumed by external events

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Ken Greene discusses the concept of "be a guinea pig." He shares his personal experiences from trying out new water sports, to the painful learning process he went through. Ken emphasizes that being a 'guinea pig', though often painful, is an important part of the learning process. He views this as a valuable way to learn what works and what doesn't work in any given situation, enabling him to be a better host, teacher, and mentor. Ken also discusses how he becomes a guinea pig vicariously through mentors who are in situations that he has not yet reached, such as retirement.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• Being a guinea pig to enter the insurance and financial industry
• The importance of understanding products personally before selling them to others
• His learning journey for the 'Infinite Banking Concept' and how it transformed his financial planning
• Importance of experiencing both success and failures as a way to empathize and help others
• How he utilizes mentorship to gain knowledge and wisdom in fields that he doesn't have personal experience in, like retirement planning
• The importance of being a guinea pig, especially in areas you excel at, to provide value to others

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In this podcast episode, Alex Chompff discusses his career journey from the military to entrepreneurship, with notable roles in technology and venture capital. His experience includes being a security chief for nuclear weapons installations to managing a family business. His journey is marked by a deep love for technology that led him to form various ventures like Goodies, NatureTrack, Evolution Ventures, and MasterVerse.AI.

Alex returned to the corporate world in the 2010s, allowing him to balance family, education, and establishing his company Goodies. His investment strategy places heavy emphasis on teamwork and integrity and having a long-lasting social impact. He advocates for investing in veterans due to their robust character traits and potential and shows interest in women-led businesses due to their vast potential yet underrepresentation.

Alex introduces his platform MasterVerse.AI, which facilitates understanding AI, intending to familiarize people with AI. He believes all people globally should have access to such technologies and encourages participation in the Masterverse.ai community, offering interaction with high-profile community members.

Lastly, he emphasizes that individuals seeking investment are crucial to the investment infrastructure. He encourages them to persevere and connect with him on social media platforms and his platforms: evolutionacceleration.com and MasterVerse.AI. He believes in an equal opportunity approach to technological advancement access.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance
• Connect with Alex Chompff
• https://www.masterverse.ai/about
• https://www.naturetrak.com/
• https://www.evolutionacceleration.com/
• https://www.linkedin.com/in/alexchompff

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• The importance of shared bonds and trust in work, specifically with veterans who have high integrity
• Investing in women owned businesses due to their underappreciation in the investment community
• Alex's long and extensive career
• Transition from high school to Marine Corps
• Returning from Marine Corps and starting a career involving computers and finance
• The impact and learning experience from serving in the Marines
• The power and importance of mentorship and helping others
• The challenge and emotional toll of balancing work and family, particularly when traveling for business
• Career shifts to focus on starting a family
• The forming of the venture syndicate and becoming an investor operator
• Financial component and social aspects of angel investing
• The fundamental criteria he uses to evaluate a potential investment opportunity
• The importance of personal connection when making investment decisions.

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Ken Greene discusses inflation and how homeowners can take advantage by using instruments like a 30-year fixed mortgage in an episode titled "Make Inflation Your Friend." Ken mentions the impact of money printing and technology on the value of assets and posits that their worth might not have gone up, but it may take more dollars to acquire the same assets due to inflation.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• US INFLATION RATE
• MEDIAN SALES PRICE OF HOUSES
• AVERAGE 30-YR FIXED MORTGAGE
• FREE FINANCIAL CALCULATORS
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• Sharing previous experiences of advising clients to switch from 15-year fixed mortgages to 30-year fixed mortgages
• The current interest rates and median prices of homes in the US
• Ken's rule of thumb: House payments should not exceed 25% of your gross income
• Possible scenario of how inflation can impact your future payments on a 30-year fixed mortgage
• Case study example of someone having a strong income stream and buying a house at the median price

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Ken Greene discusses the change in the value of assets like gold, the stock market, and real estate in comparison to the depreciating value of the US dollar since the 1970s. He stated that, while the value of these assets might not have significantly increased, they now require more money to acquire due to inflation.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• Ken's views on the importance of having financial security with diversified assets
• The data on housing prices from 1971 compared to 2023 and the increase in the time needed to acquire a house based on median income
• People need to save more, live within their means and invest wisely to beat inflation and erosion in the purchasing power of money

Review, Subscribe and Share If you like what you hear please leave a review by clicking here

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The fastest way to increase wealth is with substantial savings and substantial cash flow via automation to savings. The best way to enhance your retirement is with savings and guaranteed/promised cash flows.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Review, Subscribe and Share If you like what you hear please leave a review by clicking here

Make sure you're subscribed to the podcast so you get the latest episodes.

• Subscribe with Apple Podcasts
• Follow on Spotify
• Subscribe with RSS

In this episode, the emphasis is on the impact that our environment has on our motivations, actions, and ultimately our successes. Drawing from personal experiences and examples, Ken discusses how changing the environment can lead to significant personal growth.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• The power of changing environments to accomplish new goals
• A recent business trip to Santa Monica
• The impact of surroundings and the environment on productivity and critical thinking
• Ken defines "environment" and emphasizes the importance of creating the right conditions for growth - for people, plants, animals, and even finances
• Ken reveals how certain environments, like the library, facilitated concentration and learning when he was studying to become a professional engineer
• The importance of identifying one's weaknesses to improve upon them
• Reflect on the environments you've created for yourself and consider possible changes to improve personal progress

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Chris Aliotta and Ken Greene discuss banking complexities, including the carry trade, fractional banking, and cryptocurrencies. Chris, with his extensive banking experience, explains that deposits are considered liabilities for banks and details the strategies banks employ to keep money perpetually earning interest. He also elaborates on the industry's risk issues concerning interest rates and liquidity. Chris shares about the Silicon Valley Bank's significant losses due to their failure in hedging interest rate risks, advises spreading money over several institutions for security purposes and explains an inverted yield curve's ramifications.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance
• Connect with Chris Aliotta
• https://www.linkedin.com/in/christopheraliotta
• https://www.quantalytix.com/team/chris-aliotta

Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here

Episode Highlights

• The differences between commercial banking and investment banking
• Role of the Federal Reserve in providing liquidity backup for banks
• Cases when banks become insolvent
• The concept of "liquidity risk"
• Silicon Valley Bank's large-scale interest rate exposure
• A good way to measure the safety of a bank as an individual depositor
• Short-term rates influence what banks can lend to each other
• The impact of short-term rates on the economy

Review, Subscribe and Share If you like what you hear please leave a review by clicking here

Make sure you're subscribed to the podcast so you get the latest episodes.

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• Follow on Spotify
• Subscribe with Stitcher
• Subscribe with RSS