Summary
This podcast delves into budgeting and financial management essentials, emphasizing the importance of establishing a solid financial foundation. It covers the significance of budgeting as a tool for empowerment, setting and prioritizing financial goals, tracking income and expenses, creating personalized budgets, and managing irregular income and debt. The discussion concludes with a reminder that effective budgeting can lead to significant financial improvements over time.

Learn More: www.cuiwealth.com

Takeaways
Managing finances is like survival on a desert island.

• Budgeting connects spending to financial goals.
• Budgeting is often seen as restrictive but is empowering.
• Short-term goals are stepping stones to long-term aspirations.
• SMART goals are essential for financial planning.
• Prioritize financial goals based on urgency and importance.
• Break down long-term goals into manageable steps.
• Regularly review and adjust financial goals as needed.
• Track income and expenses to understand spending patterns.
• Create a budget that reflects personal needs and priorities.

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

Michael Sayre explores the principles of corporate finance and how they can be applied to personal finance. He discusses the importance of understanding financial statements such as balance sheets, income statements, and cash flow statements. Sayre emphasizes actionable strategies for individuals to improve their financial health, including building an emergency fund, optimizing cash flow, and balancing short-term and long-term financial goals. The conversation highlights lessons learned from successful corporations and how these can inspire better personal financial management.

Learn more at www.cuiwealth.com

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

Summary
In this episode, Michael Sayre, a financial advisor at CUI Wealth Management, discusses the importance of personal finance and the fundamental principles that can help individuals make better financial decisions. He emphasizes the significance of understanding behavioral finance and the cognitive biases that can lead to poor investment choices. The conversation covers biases such as loss aversion, anchoring, and the winner's curse, providing insights into how these psychological factors influence financial behavior. 

Contact Information 

 Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047 
 Phone: 801-505-0548
 Learn More: ⁠⁠www.cuiwealth.com⁠

Disclosures 
Securities and investment advisory services are offered through Osaic Wealth, a member of FINRA/SIPC. Osaic Wealth is separately owned, and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth. 

Takeaways
 The average American spends a significant portion of their life working.
 Understanding personal finance is crucial for making informed decisions.
 Small changes in financial habits can lead to significant results over time.
 Behavioral finance combines psychology and economics to explain financial decisions.

 Loss aversion can prevent individuals from making beneficial investments.
 Anchoring bias affects how we perceive value in financial decisions.
 Herding behavior can lead to market bubbles and crashes.
 Mental accounting can distort our perception of financial information.
 Hindsight bias can lead to overconfidence in financial judgments.
 Recognizing cognitive biases is the first step toward better financial decision-making.

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

Overview
In this episode of the In Your Business podcast, Michael Sayre from CUI Wealth Management invites Matt R. Vance, company culture and reputation management expert, to discuss the power of distribution channels in business communication. Matt is the CEO of Mobrium, the platform helping HR leaders strengthen employer reputation across sites like Glassdoor, Indeed, Comparably and more. He is also the author of the award-winning book The Review Cycle, and Co-Host of The Culture Profit podcast.

They explore the significance of online reviews and user-generated content as word-of-mouth distribution channels. Matt shares insights from his experience in managing reputations for various organizations and explains how reviews tell a story at scale, building trust in the social proof provided by the online community. 

They also discuss the importance of optimizing feedback loops for generating more sales, attracting job applicants, and driving business growth.

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

Welcome back to the In Your Business podcast, your go-to podcast for leadership, business, and finance, hosted by Michael Sayre and produced by CUI Wealth Management.

In this episode, Michael addresses a common and critical question that everyone wants to know - how much can one withdraw from their investment accounts without running out of money in retirement? With the average American living to age 77 and the average retirement age being 61, Michael emphasizes the importance of addressing this topic and looking beyond social security as a funding option. He also highlights the standard rule of thumb for taking money out of retirement accounts, the 4% rule, and cautions against following dangerous advice from unlicensed financial entertainers.

Tune in to this insightful episode to gain a better understanding of retirement planning and financial management.

Resources

• Podcast Landing Page: https://www.cuiwealth.com/what-is-the-4-rule-in-retirement-account-distributions

#401k #HR #entrepreneurship #startingabusiness #retirementplanning

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

In this episode of the In Your Business podcast, host Michael Sayre discusses toxic behavioral financial tendencies that can impact your 401(k) savings and investment strategies. He starts with defining behavioral finance and how it combines cognitive psychology and economics to understand why individual investors don't always make the best decisions or rational choices. 

Michael talks about two common behavioral financial fallacies: herd mentality and anchoring bias. He explains how these tendencies can lead to poor investment decisions and offers strategies to navigate them. 

If you're a business owner, business leader, executive entrepreneur, or HR manager, this podcast is for you. Tune in to learn how to navigate behavioral finance and make better financial decisions for your company. Don't forget to like, share, and subscribe to the podcast to support the show.

• Podcast Landing Page: https://www.cuiwealth.com/podcast-14-toxic-behavioral-finance-tendencies
• 8 Toxic Behavioral Finance Tendencies Blog Post: https://www.cuiwealth.com/blog/8-behavioral-finance-tendencies
• SHRM CE Event: https://www.cuiwealth.com/events

#401k #HR #entrepreneurship #startingabusiness #retirementplanning

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

Intro
Jordan Boogaard has been in the payroll and hr industry for years. You may be familiar with his #howcanIhelp mentality. In this episode, he shares his wisdom in serving. He talks about real-life experiences that teach us hard work. These lessons teach us how to both motivate and have compassion for our employees.

Disclosures:
Please note that the current regulatory policy does not allow me to receive or give endorsements. This interview is not an endorsement.   

Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc.  Member FINRA, SIPC, a Registered Investment Advisor. Insurance offered through CUI Wealth Management.  CUI Wealth Management, LLC and Woodbury Financial Services, Inc. are not affiliated entities. Jordan Boogaard and Eddy HR are not affiliated with Woodbury Financial Services, Inc or CUI Wealth Management. 

CUI Wealth Management 7730 S Union Park Ave., Suite 250, Midvale, UT 84047 www.cuiwealth.com
Michael Sayre: [email protected]

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...

Overview
What makes your business unique? That's an easy one. Why should employees work for you? That's another softball pitch. How are your benefits and retirement plan tailored towards your unique employee demographics and needs? That one is not as easy to answer. A financial wellness program can help you visualize and plan for your employee's unique financial needs.

Disclosures

Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc.  Member FINRA, SIPC, a Registered Investment Advisor. Insurance offered through CUI Wealth Management.  CUI Wealth Management, LLC and Woodbury Financial Services, Inc. are not affiliated entities. Information provided is not intended to be tax or legal advice. All information provided is based on our best research.

Bibliography

Anderson, B. (2019, March 8). Panic Attack: Worker Financial Stress Costs Employers $500 Billion Annually. Retrieved from 401k Specialist: https://401kspecialistmag.com/panic-attack-worker-financial-stress-costs-employers-500-billion-annually/

CUI Wealth Management 7730 S Union Park Ave., Suite 250, Midvale, UT 84047 www.cuiwealth.com

Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.

This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.

Contact Information

• Address: 7730 S Union Park Ave, Suite 250, Midvale, UT 84047
• Phone: 801-505-0548

Social Links

• Website: https://www.cuiwealth.com/
• Facebook: https://www.facebook.com/CUIWealth
• LinkedIn: https://www.linkedin.com/company/cui-wealth-management/
• X: https://twitter.com/CuiWealth
• YouTube: https://www.youtube.com/...