Right now, the markets are at all-time highs. However, when we ask, “How are the markets doing?” we’re often referring to a very small subset of the overall market. Very few people who say the markets are doing well are thinking about not just the U.S. stock market, but the bond market or international markets of any kind.

Furthermore, with markets at an all-time high, we want to talk about what you can do to prepare for the inevitable decline - or recession - and the best things you can do to prevent it from damaging your overall financial health. In today’s episode, we dive into all of this and more.

For more information, visit FinancialDetox.com

Joe Pecore is a Professor of Business at the Rady School at UCSD. There, he teaches accounting and personal finance - including basic financial planning, the time value of money, how money grows exponentially, budgeting, how to track spending, banking, credit, investing, retirement, and housing - to undergraduates and graduates alike.

Alex and I visited his class, and we found that it was hugely valuable for college and grad students. Furthermore, it would be an amazing resource for many adults as well. Today, Joe joins the podcast to talk about teaching financial planning, what so many people of all ages get wrong, and the steps you can take to get on the right track to position yourself for exponential growth over your lifetime.

For more information and to get the full show for today's episode, visit FinancialDetox.com.

At Labrum Wealth Management, we want our clients to think holistically about wealth management - and that’s why today’s episode isn’t just about finances and investing. It’s about how the components of our lives are interconnected, and the fact that how we invest and build wealth is directly linked to our families, our communities, and our jobs.

Few people know this better than today’s guest, Paul Thompson. Paul is the Executive Director of the BetterWorld Trust, which envisions a world in which everyone has access to the opportunity, education and nourishment needed to experience a healthy and vibrant life and partners with great organizations to make it happen.

Paul brings his enormous amount of experience in leadership and life skills to the podcast today, sharing his wisdom on marriage, nonprofit organizations, and more. No matter where you’re at in life or what you aspire to build, it’s a must-listen.

To get access to more episodes of Financial Detox, visit FinancialDetox.com

Lots of very, very smart people try to time the market - that is, try to get in and out at the exact right time to achieve the greatest returns. However, studies have shown, again and again, that unless you happen to get extremely lucky, you’re going to end up getting worse results with more volatility.

Embracing the power of the markets and building a portfolio that’s a mix of stocks and bonds that meets your tolerance for risk and ties into your financial plan is not sexy. It can be hard, and it can be painful - but in the long run, it’s how we avoid behavioral blunders and achieve long-term growth. Today’s Financial Detox is all about why the world wants us to believe that we can time the markets - and why this is simply a bad idea.

To get access to today's show notes, including links to resources mentioned, visit FinancialDeotx.com

54% of the world’s equities and capitalization - in other words, the goods and services being sold - are based in the United States. We look at many portfolios from prospective clients, and the number one mistake we see is a lack of exposure to the world economy - the other 46% out there.

International investments reduce risk and volatility, improve returns, and connect you to booming economies all over the world. Today, Financial Detox co-host Alex Klingensmith joins us from Spain - where he’s been living for the last three weeks - to tell us all about what he’s learned in his time there, the flourishing world economies he’s seen firsthand, and how you can buy international stocks and mutual funds.

Get access to the full show notes, visit LabrumWealth.com. 

401(k) plans are becoming a bigger and bigger part of retirement plans. We handle lots of them at Labrum Wealth Management, and we see lots of problems and deficiencies within 401(k) plans: unclear commissions, a lack of education, and a general savings crisis among many working Americans. In fact, the majority of 401(k) plans in San Diego are held by advisors who handle less than two 401(k)s!

That’s why we’ve dedicated today’s episode to 401(k)s - and we’ve brought on 20-year 401(k) veteran Kent Colewell to dissect Fidelity’s 9th annual Plan Sponsor Attitudes Survey. You’ll learn how to make better plans, look out for potential problems, and find out all about recent developments in this particular field.

For more information about Labrum Wealth Management, visit LabrumWealth.com

As investors, many of us want to take action, even when doing nothing is sometimes better. To make matters worse, even in a relatively flat, unsensational financial year, news shows are always looking for something sensational to talk about.

At Labrum Wealth Management, we want you to be able to make smart, informed decisions in alignment with your financial goals, regardless of what’s going on in the world. That’s why in today’s show, we’re going in-depth on bonds: what they actually are, what they do, and whether or not they belong in your portfolio.

For more information about Labrum Wealth Management, visit LabrumWealth.com

At Labrum Wealth Management, we’re passionate about helping you live the best financial life possible. We know that there’s a lot of bad, outdated, and just plain broken advice in the financial industry right now, especially in terms of what clients end up getting from their advisors. That’s why today, we’re tackling a very broad, multi-part question from a listener with a million-dollar estate: “How should I invest my money?”

To get access to the full show notes for today's discussion, visit FinancialDetox.com

The Financial Detox team at Labrum Wealth Management talks a lot about growing money over time and protecting wealth - and a big component of that is often giving to others in your community.

That’s why today, I’m speaking with a very special guest: my good friend and NBA Champion Brad Holland. Brad is the CEO of the Boys & Girls Clubs of Carlsbad - of which I have been a board member since 2002 - and manages over $3 million in funds supplied almost entirely through private donations to provide services to over 800 students a day through a variety of outreach and engagement programs.

He joins the podcast today to discuss not only his journey through the world of pro sports, but how he leads a 501c3 non-profit run totally by donors - and the many benefits of giving back to your community with your wealth, no matter where you are or what you do.

This year, as investors and advisors, we were all reminded what volatility looks like. It's totally normal, but it feels abnormal after years without it. Despite this volatility, it’s practically a universal truth that if you invest in a great, diverse portfolio of companies - or institutions through bonds - you are going to do very well.

However, people have been scared lately - and as a result, over the last 3-4 months we’ve been receiving a lot of questions about annuities. That’s why today, we’re focusing specifically on annuities: why we love (and hate) them, whether it’s worth cashing them out and moving your money into more traditional investments, and the serious red flags, conflicts of interest, and other potential issues surrounding how they’re bought and sold.

To get access to today's show notes, transcript, and resources mentioned, FinancialDetox.com