Money Matters With Dino

Divorce is a painful process that can rob a couple of their dignity and their finances. In fact, many people who have gone through divorce site it as their darkest time. What if there were a process that would allow you to save money on the lawyers fees and deal with each other in a way that would help you to maintain a friendship? Better still, what if you could avoid divorce entirely through proper planning and communication?

In this show Colleen McNamee from McNamee Mediations came on to discuss the Top 10 Reasons for Divorce. Here are some of the highlights:

• Getting married for the wrong reasons
• Lack of individual identity
• Becoming Lost in the Roles
• Not having a shared vision for success
• The intimacy dissappears
• Unmet expectations
• Finances

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Wing Lam is the Co-Founder of Wahoo’s Fish Tacos and the epitome of a marketing entrepreneur. In this fascinating show Wing gave a no-holds-barred account of how he built the Wahoo’s empire from one location on the beach of Southern California to 65 locations in 7 states.

"The lowest person on the totem pole in your organization needs to be able to execute." - Wing Lam

• Tell me about your business… What do you guys do and who is your client?
• How did you come up with it?
• Did you have a partner when you first started?
• Did you have the money yourself to start or did you borrow from someone or institution?
• Did you have an MBA like business plan or did you bootstrap it?
• Tell me about those days
• Is today’s business different from how it use to be?
• What do you think of today’s generation as apposed to yours (if different)?

Many times talking about life insurance can feel like an uncomfortable conversation, but it doesn’t have to be that way. If you work with the right professional what you’ll realize is that it’s really just about doing the math so that your family is protected. Life insurance can take care of things like replacing your income, paying off debt, funding college plans and leveraging estate tax issues.

In this show the Regional VP of Trilogy Financial Kevin Leon breaks down the types of life insurance you will need based on your current situation and future goals. Here are some of the questions Dino asked Kevin:

• Why should people have life insurance?

• What types of insurance are available today?

• How much insurance does a typical family man need?

• Is work term life insurance any good?

• What are accelerated benefit riders and do all life insurance policies have these available?

• What could happen if people do not have coverage and something happens?

Financial Compatibility is a very important thing to a relationship and yet it's almost always ignored. It's true that it's an uncomfortable conversation to have at the beginning because it requires complete trust and transparency, but it is surprisingly simple once you get into it. Setting your priorities like retirement and college tuition can bring a couple together and make your financial path incredibly clear.

Jeff Motske is the CEO of Trilogy Financial and came on to discuss his new book "The Couples Guide To Financial Compatibility" as well as his financial planning theory he calls "setting up your financial house". There is a lot of practical and educational information in this show. Here are some of the questions Jeff answered:

• What prompted the writing of your book"The Couples Guide To Financial Compatibility?"

• Who is the book written for?

• What advice can you give for balancing money talk with romance?

• What are some of the most commonly overlooked money matters that cause conflict?

• Can you explain what you call "Your Financial House"

For past shows and to learn more about the Money matters With Dino community, check us out at www.moneymatterswithdino.com

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Annuities are very misunderstood. What kind do you go into? What are they for exactly? Can they grow significantly for retirement? There are so many options, some not good at all and some very good depending on where you are in your planning. It’s important to sit down with someone who really understands the Annuities so that you match your needs with the right vehicle.

Certified Financial Planner, Cary Boring from Trilogy Financial in Huntington Beach California came on the show to educate us on the good, the bad and the ugly in the realm of annuities. Here’s just some of the things Dino and Cary talked about.

1. What type of Annuities are available and why would you choose one of another?
2. How does the guarantee work with and Annuity?
3. Is there a minimum buy in to an Annuity?
4. What age groups benefit most from Annuities?
5. What should a client look at to be sure that they’re getting the right Annuity?

For past shows and to learn more about the Money matters With Dino community, check us out at www.moneymatterswithdino.com

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Help us spread the word. Please rate our show on itunes and leave comments for us. Tell us what insights you took from this episode.

Getting ready for retirement is a lot trickier than most people realize. For example, did you know that you need at least 70% of your current income as income in retirement? Well how do you generate that income without a large amount of investment that's had years to compound? There's also things to consider like, when to take social security for maximum benefit and how do you set retirement up for the greatest tax advantages.

Kevin Leon, VP of Trilogy Financial talks with Dino about what it really takes to retire and the type of analysis and financial planning the you must do to make sure you're ready. Don't find yourself having to work longer than you want to or even worse, don't run out of money in retirement. Check out this show and get educated.

Here are some of the questions Dino asked Kevin:

• How do I figure out how much I will need in assets to be able to retire?

• When should I take social security?

• Are pensions taxable?

• What is distribution planning?

For past shows and to learn more about the Money matters With Dino community, check us out at www.moneymatterswithdino.com

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Help us spread the word. Please rate our show on itunes and leave comments for us. Tell us what insights you took from this episode.

Being a corporate attorney is all about giving sound legal advice to prevent the big problems from happening. Unfortunately, most people don’t call a corporate attorney for advice, they call for crisis management.

Jay Thompson, Corporate Attorney and Partner in Jeffer Mangels Butler & Mitchell, LLC. came on to give incredible advice about how to properly set up a business so that you’re protected and can grow toward a sale.

Here are some of the questions Dino asked:

1. What’s the best way to properly use a corporate attorney?

2. Why would someone choose one entity over another?

3. What’s the difference between ann LLC vs. an S. Corp?

4. What drives the sales price of your company, profits or revenue?

5. Has financing eased up for smaller businesses?

College tuition is up 7-8% annually and has been on that trend for quite a while, so what should parents do? What are the most effective ways to save in this inflationary environment?

Kevin Leon, the Regional Vice President for Trilogy Financial provided some great advice regarding highly effective ways to budget and prepare for this enormous expense. Among them is taking advantage of in-state 529 plans and the distribution of those funds if the child chooses not to attend college. Kevin and Dino also spoke about:

Many businesses struggle with adapting to a changing business environment. It’s admittedly difficult when your new customer base thinks, buys and interacts very differently from your last generation of customers. We call this phenomenon, the “Entrepreneurial Shift” and it can be extremely challenging for a business owner to navigate.

Fortunately Aaron Hodson (the CEO of Harcourts USA and Dino’s personal business coach) came on the show to discuss the mindset an entrepreneur must have if he wants to be successful, while growing his business in an ever changing marketplace.

Here are some of the questions Dino asked Aaron during the show:

• What were the biggest challenges you faced when you went from employee to entrepreneur?

• How different is the workday and style of doing business in other countries?

• Tell me about both the first 60 minutes and last 60 minutes of your day.

• What is the most useful advice you’ve ever been given?

• Do you have a favorite book you can recommend to entrepreneurs?

Why do we call life insurance the unsung hero? Maybe because most people see it as an expense and not an investment, or maybe it's just not very exciting. Whatever the reason we can all agree that when you need it, it's the greatest thing in the world and we are more than happy that we have it. Steve Renteria from Steele Insurance Company is our go to guy when it comes to insurance and he never leaves us wanting for information. Here are some of the questions Dino asked Steve in this show.

• Steve, Life Insurance can be a difficult subject for a lot of people, most people don’t know where to start when it comes to Life Insurance. Help our listeners out, what are some reasons people need Life Insurance?

• It seems like there are a lot of products on the market, this can be confusing and overwhelming for some people. Tell us about the different Life Insurance Products?

• True or False Question Steve: I have Group Life Insurance through my employer, is this sufficient?

• How much life insurance does someone need?

• A lot of people are unsure on how much to buy. What are some things to think about in picking the amount?

• Does a stay at home parent who doesn’t work need life insurance?

• The thought is, my spouse is the breadwinner, they will continue to work when I am gone, why would I need a policy?

• I hear a lot of single people say “no one will suffer when I die”, why would a young single person need life insurance?

• You said earlier that Life Insurance can help with retirement, walk us through this?

• I have heard of Business Partners buying Life Insurance, why would you need Life Insurance as a business partner. What if someone has a very large estate, why would this person need any Life Insurance?

• We talked a lot about what we should so when it comes to Life Insurance, are there some “Don’t do’s” with Life Insurance?