Mindset with Brad Barrett

While the market continues to reach all-time highs, it won’t always be that way. 

When the market goes down, it’s easy to let your lizard brain corrupt all your investments and ransack your returns. That’s why it’s important to have a strategy for down markets before they happen. 

Don’t get me wrong. I’m not saying that the market will crash anytime soon – and nobody can predict downturns with certainty. 

But having a plan in place helps maximize your returns even in down markets. 

In this episode, you’ll discover the top 5 moves to make to protect your money when the market turns. Listen to the episode now and make your plan before the market swings. 

Show Highlights Include:

• How your emotions thwart your returns in the stock market (2:36) 
• The weird psychological “glitch” in the human brain that wants to devour your returns (3:55) 
• The counterintuitive “dollar cost averaging” strategy for investing more when the stock market crashes (4:56) 
• How to “get away” with adding to your tax-free Roth IRA (without increasing your tax bill this year too much) (9:09) 
• Hate paying high taxes? This unusual “tax loss harvesting” method can cut your tax bill in half (10:39) 
• 5 strategies to consider when the market’s down that neutralizes your emotions and helps you retire sooner (13:46) 
• 4 of the best sectors to invest in during volatile times (15:51) 

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

Have you considered moving to a new state?

Many of my Californian clients are jumping ship due to high taxes, high cost of living, remote work, and several other factors. When you’re deciding to move to a new state, there are many things you need to consider. 

If you’re looking for a way to pay less taxes, moving to one of the 9 states mentioned in today’s show makes your wallet heavier overnight. But just because a state has lower taxes doesn’t mean you’ll be happier. 

In this episode, I reveal 9 states with no state income taxes. And help you figure out which state would be the best to move to — whether you’re a retiree already or not. 

Listen to the episode now before you decide to move. 

Show Highlights Include:

• Do you hate paying high income taxes? Here are 9 states that have no state income tax (4:39) 
• Why lack of community could make you blow all your tax savings when you move to somewhere with no state income tax (5:26) 
• How to get a free $992 by simply moving to Alaska (7:19) 
• Why Florida probably isn’t the best retirement state for you (even though there’s no state income tax) (8:28) 
• 2 reasons why Nevada offers retirees a “jackpot” of tax savings (9:04) 
• The shocking reason why Texas ranks as one of the least tax-friendly states (13:33) 
• Why Wyoming is the most tax-friendly state in the United States (16:08) 

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

You’ve likely heard the term ‘supply chain’ moreover the last few weeks than over the last year. And most of us are wondering what it means for our investments (and holiday shopping lists).

If you don’t understand the parts of a supply chain, you won’t know how it works together. And when one piece has a problem, the rest fails to operate. 

And supply chain can’t switch on and off like a light - as much as we want it to.

In this episode, I reveal how to protect your portfolio and shop with ease through a supply chain crisis.  

Show Highlights Include:

• How to avoid the post-pandemic ‘supply chain strain’ on your portfolio. (2:05)
• Why looking at a pencil best explains the inflation, backed up ports, and empty shelves today. (7:25) 
• The death of the Dollar Tree and what it means for the things you buy today. (10:02) 
• Using Nike contracts to avoid stuffing your portfolio with ‘coal’ this holiday season. (13:30)
• How to make smart investments and protect your shopping lists this holiday season. (19:49)

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

Nobody likes paying taxes. So there’s a lot of hoopla about Biden’s new proposed tax code. 

But are we paying more taxes than people 50 years ago? 

When you dive deeper into it, we’re at the same tax rates as we were a long time ago. Especially when you use certain tax-advantaged retirement savings vehicles like a Roth. 

In this episode, I reveal how a Roth can help you stop forking over your hard-earned money to the government. Listen to the episode now before you pay more taxes than you need to. 

Show Highlights Include:

• The weird way there’s a 6% increase in you dying in a car accident on April 15th (6:35) 
• Why Americans spend $170 billion and 6 billion hours trying to comply with the tax code (7:45) 
• How billionaires legally pay lower taxes than their assistants (and how to apply this trick to your tax bill) (9:22) 
• How Bill Roth gave you the biggest legal tax sanctuary that exists (and how to take advantage of it so you keep more of your hard-earned money) (16:11) 

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

The pandemic reshaped a lot of people’s retirement plans. Some anticipate a lower standard of living in retirement. Others have become more risk averse in the market. And 62% of retirees and near-retirees have cut spending to have a larger nest egg. 

Not to mention, almost everyone is worried about inflation and the impact it will have on their retirement. 

Are these the right actions to take? 

While spending less and saving more is good general advice, you might be able to beat inflation when you have a diversified portfolio. 

In this episode, I share how you can protect your retirement even as inflation runs rampant. And how to best protect your wealth so you don’t need to find a part-time job after you retire. Listen to the episode now. 

Show Highlights Include:

• Why inflation is more dangerous to your retirement plans than even healthcare costs (4:23) 
• How focusing on your health when you’re young is a better way to live a lavish life in retirement than only focusing on your wealth (4:35) 
• The counterintuitive reason only 13% of retirees and near-retirees feel more bullish with their investments (and how to figure out if you should be more aggressive or conservative) (9:08) 
• Why our economy is still healthy (even though we’re living through more volatile times) (9:48) 
• The “Capitalized Profits Model” reason for why you should consider a more aggressive approach with your retirement portfolio (10:12) 
• How to prevent needing a part-time job because you ran out of money in retirement (15:38) 
• Why saving more doesn’t guarantee a more easy-going retirement (and how categorizing your savings grows your wealth more) (19:18) 
• The 2% target you want to hold in cash during inflationary periods to best protect your wealth (25:38) 

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

Reference:

https://www.kiplinger.com/retirement/retirement-planning/603347/kiplinger-personal-capital-poll-pandemic-retirement

When you’re searching for a financial advisor, there are several questions you want to ask to make sure they’re the best fit for you. 

Why? 

Because handing your hard-earned money over to someone else is an important decision. Picking the wrong advisor could wreck your retirement and minimize your returns. 

But here’s the problem: 

When you search for questions you should ask your financial advisor on Google, you get a lot of general questions that don’t tell you how a particular advisor fits into your unique life and retirement plan. 

In this episode, I’m going to explain what these 5 most common questions are — and how you can tweak them so your questions are more relevant to your financial goals. Listen to the episode now before you talk to a financial advisor. 

Show Highlights Include:

• Why asking a financial planner about their past performance is an easy way to minimize your returns (and why asking for their investment philosophy helps you beat the market and plan your retirement) (5:48) 
• The “Goals-Based Approach” to investing that’s unique to you and prevents a financial advisor from gambling your money away (7:09) 
• How telling your advisor your interests, hobbies, relationships, and values helps you achieve your dream retirement lifestyle faster (7:59) 
• Why picking the most popular financial advisor with the most clients can sabotage your returns (and a better way to “vet” potential advisors) (8:19) 
• How credentials can trick you into a hiring an advisor that’s not the best fit for your unique goals (15:08) 

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

There are 7 common money lies we tell ourselves that drain your wallet, delay your retirement, and place unnecessary stress on your shoulders. Even financial advisors believe some of these money lies. 

But once you’re aware of these 7 dangerous money lies, you can prevent them from sabotaging your financial independence. 

In this episode, you’ll discover the 7 money lies we all tell ourselves that blow a whole in our wallets. And how to avoid them so you can retire sooner. Listen to the episode now. 

Show Highlights Include:

• How not talking about money with your friends and family reinforce your worst financial habits (4:34) 
• 3 bone-headed rationalizations we use to convince ourselves to buy something we can’t afford (7:59) 
• The counterintuitive way thinking you have strong financial willpower makes you spend more on impulse purchases (10:40) 
• The reason why you waste more money on stuff you don’t need when you’re stressed (11:25) 
• How using a credit card costs you 10% more than using cash (even without paying interest) (12:14) 
• Why procrastination eats more wealth every year than even the worst stock picks (13:03) 
• Warren Buffet’s “Spend After Saving” secret that’s helped him become one of the wealthiest investors of all time (14:03) 
• Why compound interest is the 8th wonder of the world (and how to use your money to make money without working for it) (16:55) 
• How to use your greed to make smarter and more profitable financial decisions (21:38) 
• The 7 most common money lies everyone believes that drains your wallet and delays your retirement (22:31) 

If you want to download the Summer 2021 Playbook mentioned during this show, head to https://onecapital.com/ and click on the “Idea Lab” tab to download the report for free. 

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

References/Sources:

Kiplinger - Ian Maxwell: https://www.kiplinger.com/personal-finance/603162/how-are-you-lying-to-yourself-about-money

We all have both an emotional and rational mind. Which one should you trust when it comes to making smart financial decisions?

You can make a case for relying on either your emotional and rational mind. But the most profitable investment strategy is by combining both minds.

In this episode, I reveal why combining both minds helps your money work for you. And how to merge these two competing minds so you can build a profitable portfolio. Listen to the episode now.

Show Highlights Include:

• What’s more profitable — making emotional or rational investment decisions? The answer may surprise you… (4:16)
• The weird “Gut-Based” investing strategy that gives you a lavish retirement (even if you don’t know what you’re doing) (4:35)
• How your emotions trick you into making bad financial decisions (4:39)
• The “Normandy Secret” for making irrational investments that wind up being some of your most profitable (7:46)
• How merging your logical brain with your lizard brain helps you make smarter investments (9:42)
• The “Culture Index Method” that helps you build a more profitable and well-designed portfolio (17:17)

If you want to download the Summer 2021 Playbook mentioned during this show, head to https://onecapital.com/ and click on the “Idea Lab” tab to download the report for free.

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

Almost every month, a client asks me whether they should buy or lease their car. Since your car is your second or third biggest expense, I figured we’d discuss the pros and cons of buying vs leasing. 

Should you buy or lease your car? 

The answer depends on several unique factors that are specific to you. 

But don’t worry — in this episode, I reveal all the pros and cons of either buying or leasing your car. That way, you can make a better financial decision when you buy a new car. Listen to the episode now. 

Show Highlights Include:

• Why the market for cars has been turned upside down causing used car prices to skyrocket by 24% compared to last year (3:24) 
• How depreciation makes owning a car for 6 years cheaper than leasing the same car for 6 years (5:24) 
• Why paying back the bank is usually easier than paying yourself back (7:19) 
• The weird way buying a car with cash in retirement could push you into a higher tax bracket (8:57) 
• How a Toyota Tocoma sells for only $3000 less than the purchase price 8 years ago (11:30) 
• Why you can get more car for less money when leasing (and why this is both a good and bad thing) (13:04) 

If you want to download the Summer 2021 Playbook mentioned during this show, head to https://onecapital.com/ and click on the “Idea Lab” tab to download the report for free. 

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.

References/Sources:

Kiplinger

The average investor is emotionally tied to their financial risks. Losing money is one risk. Upsetting your spouse is another risk. So is taking investment advice from an internet influencer. How do you know if you’re taking the right risks with your investments?

Problem is, investment advice is easy to find — it's everywhere. But not all advice is good advice. And when you don't know what's true and what's hype, you buy or sell based on emotions, not data.

On today's episode, Pat Bowen, president of One Capital Management, says that many individual investors trade on emotions. They’d be better off with diversified, long term strategies. Pat believes that you must manage your investment risks to meet your financial goals.

Hot investments come and go — don't let them leave you cold.

Listen now to discover how a long-term investment strategy maximizes your financial gains!

Show Highlights Include:

• Why the flood of financial information available can wash away your investment earnings (0:53)
• The stable "three-legged stool" to look for in your investment advisor (4:35)
• Why the myth of "buy low, sell high" is impossible to achieve — and how to make money anyway (7:45)
• How to diversify your portfolio to maximize your returns — without swings in your earnings (8:28)
• Hate taxes? Here's why you need to plan your major money moves for the next 2 years to minimize your tax payments (14:55)
• Why having a "personal trainer" for your investments increases your gains (23:58)
• How does your favorite Investment YouTuber get paid? (Hint: it's not from good advice) (32:01)

If you want to download the Summer 2021 Playbook mentioned during this show, head to https://onecapital.com/ and click on the “Idea Lab” tab to download the report for free. 

To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.