Pivot with Darryl Lyons

With September being the worst month for the stock market every single decade since 1970, today’s episode analyzes some of the other month-to-month trends that could be important to recognize in order to create a better, more secure financial future for you and your family.

This week’s highlights include:

*A brief summary of why September has historically been the worst performing month for stocks across the market.

*A breakdown of the January Effect, and why some economists feel it is a sure way to receive material bonuses at the beginning of every year.

*Other strategies that might help you capitalize on monthly trends.

*Why portfolio diversification is an optimal method to provide future financial stability.

If you learned something new from today’s episode, share it with a friend or family member!

“Command those who are rich in this present world not to be arrogant, nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age so that they may take hold of the life that is truly life.”

(1 Timothy 6:17-19)

At PAX Financial, our mission statement is infused into everything that we do. Even though this may have caused some backlash over the years given we are outspoken in our beliefs, it is clear now more than ever that it is crucial to keep our mission at the heart of our actions in order to be of service to clients in the best possible way.

In this episode of Retire in Texas, this subject is highlighted. Key topics shared include:

-The thoughtful reasoning as to why the scripture 1 Timothy 6:17-19 is integral to the PAX Financial mission statement.

-Perspective from CEO Darryl Lyons as to why he once felt the need to shy away from speaking his beliefs when under the public eye.

-How Judeo-Christian values have enabled PAX to truly be a firm that puts our clients’ best interests at heart, every single time. 

-A breakdown of the three chapters of the PAX journey to becoming comfortable saying that we are fiduciaries who honor Judeo-Christian values.

If you enjoyed listening to today’s episode, share it with a friend or loved one!

With seemingly more and more businesses blurring their morals when making financial decisions, it is more important than ever that you crystallize your own values and virtues.

In today’s episode of Retire in Texas, Darryl Lyons breaks down what “Woke Culture” is and how this form of global activism is transforming our economic and political environments.

Topics discussed include: 

• What “Woke Culture” really means and how it has already impacted the world we live in. 
• Vivek Ramaswamy’s view on the current stage of “wokeism”, and how his Investment Firm navigates this complex landscape. 
• What we can do personally to ensure we aren’t straying from our own values and morals in relation to our financial goals.

This episode’s topic is timely and offers a fresh perspective on a complex subject.

If you enjoyed today’s episode, share it with a friend!

“A man’s heart plans his way, But the Lord directs his steps.” (Proverbs 16:9).

Despite placing our trust in the Lord, we must take sole control of our financial futures. 

You never know what unexpected life interruptions are going to shake up your financial situation, so it is crucial that you are consistently checking on your current situation and ensuring you have a contingency plan. 

In today’s episode, you will learn about 10 of the most important topics that our financial advisors discuss with their clients during their annual checkups.

These 10 topics are:

1. Protection
2. Performance Review
3. Spousal Alignment
4. Emergency Fund
5. Check your Pivot Date
6. Debt
7. Beneficiaries
8. Tax Planning
9. Held Away Account
10. Your Net Worth

Let us know what you thought of today’s episode by leaving a comment and sharing the podcast with a friend!

With the country’s yearly inflation rate now exceeding 9%, the Federal Reserve has been aggressively raising interest rates to try and combat this.

But with rising interest rates, the economy inevitably responds by starting to slow down.

In today’s episode, you will learn what future implications we will be seeing from these current economic conditions, and if this means we should be concerned about an upcoming recession. 

Topics covered include:

*What economists mean when they are referring to soft landings and hard landings.

*Why raising interest rates always leads to a slower economy.

*Why some economists are sure that an economic recession is looming, and why some aren’t so sure.

*How we can prepare for any upcoming impacts from the Feds raising interest rates.

If you enjoyed today’s episode, make sure to share it with a friend or family member!

Fitch Ratings recently downgraded America’s debt situation from AAA, the highest level, down to AA+.

Although this has the potential to be cause for concern, this is based not off of where America is right now, but where we could be headed.

This doesn’t mean the economy is about to hit a recession, but it does mean that it’s time for a wake-up call before it’s already too late. 

In today’s episode, you will learn more about why Fitch Ratings downgraded America’s debt situation.

Some of the specifics discussed include:

*The reason for concern behind Fitch’s downgrading.

*What you should be doing right now to protect yourself from any upcoming market instability.

*How America’s lack of solutions for its excessive spending habits is affecting the daily lives of the population.

If you learned something from today’s episode, be sure to share it with a friend or family member!

The average person makes about 35,000 decisions every single day.

Each of these 35,000 decisions are made with System One thinking or System Two thinking.

In today’s episode, you will discover exactly what each of these thought processes mean and how you can utilize the concept of Behavioral Finance to create a better, more stable financial future for you and your family.

Topics covered include:

*System One thinking vs. System Two thinking.

*How to apply the concept of Behavioral Finance to your day-to-day life. 

*The strategy behind the Honest Conversations exercise, as well as alternatives to it.

*How financial advisors can utilize the above strategies to keep their clients both happy and engaged.

If you enjoyed today’s episode, make sure to share it with a friend or family member!

Today I am answering your most commonly asked questions here at PAX Financial Group. I asked our advisors to bring me questions that they keep seeing from their clients and I wanted to discuss them with you on the show.

Topics covered include:

• The BRICS Summit meeting to discuss developing a currency that can compete with the US dollar.
• The Secure Act 2.0 and changes with Roth 401ks.
• Things to consider before investing in startups that align with your values, using Public Square as an example.
• Best practices for investing with TSP as a government employee.

I hope this show gives you some insight on current hot topics within the financial industry, both domestically and internationally. 

I love discussing these types of topics with you on the show. If you work with a PAX advisor, send them your questions and hopefully I can cover more topics like this in a future podcast.

Worrying about how to invest your excess emergency fund might seem like a champagne problem, but it is something I discuss with my clients on a weekly basis. If you are fortunate enough to have excess money in your emergency fund, keep listening as we discuss the best strategies for investing that money so it can grow.

As a financial planner, I want all my listeners to be good stewards of their hard-earned money. That means putting your money into investments instead of “under the mattress.” We know that money needs time to grow in investment accounts, but with emergency funds, we don’t have 40 years for that money to grow like we do with a retirement account. It’s better to keep your money somewhere more accessible, like in bonds.

In this podcast, we discuss:

• best practices for building an emergency fund.
• the importance of having an adequate emergency fund.
• what to do with an excess emergency fund.
• different ways to invest your excess emergency fund, including bonds and bond funds.

If you like what you hear, share this episode with a loved one and subscribe so you never miss out on a new episode of “Retire in Texas.”

“Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.” - Romans 13:8

The student loan payment pause will expire this October and many people are speculating that this will cause another recession.

43 million people owe student loans, and the average monthly payment is about $300. For the last three years, people in their 20’s have been putting that money back into the economy instead of paying off their student loans. Now the time has come, and the debts need to be paid.

So now that 43 million Americans will have hundreds of dollars less to spend, many are worried about another recession.

There are three reasons why I don’t think student loan repayments will cause a huge issue in our economy:

1. There is an “on ramp” for starting payments again (as long as you communicate with your borrower).
2. The SAVE program ties a minimum payment to discretionary earnings.
3. People are returning to work and working more hours.

I believe that paying back your debts builds character. If you owe student loans, now is a great time to put in the work and prove to yourself that you can pay it back.