By Erik Garcia
4.7
33 ratings
The podcast currently has 12 episodes available.
In today’s episode of Plan Wisely Podcast, host Erik Garcia interviews Sarah Stanley Fallaw, Psychologist, Researcher and the Founder and President of DataPoints, the company that created the world's first financial psychology toolkit. Sarah is also the co-author of the best-selling book, “The Millionaire Next Door.” Erik and Sarah discuss the portrait of a millionaire and finding your path to wealth and financial independence.
Episode Highlights:
3 Key Points
Key Quotes:
Resources:
Sarah Fallaw LinkedIn
Plan Wisely
FINRA
Data Points
The Millionaire Next Door
Erik's Website: https://www.plan-wisely.com/
Erik's YouTube Page: https://www.youtube.com/channel/UCjD-ImfJlSItr5b3zUwKLVA/about?disable_polymer=1
Email Erik: [email protected]
Call Erik's Office at 504-218-5479
Dave Ramsey is one of the biggest names when it comes to personal finance, and a lot of his advice is very good. But there are 4 of his philosophies that Erik Garcia takes issue with. They are:
Erik breaks down each of these ideas, and where he disagrees with Dave's theories on them. At the end of the day, personal finance should be personal, not mass marketed to thousands.
Resources:
Erik's Website: https://www.plan-wisely.com/
Erik's YouTube Page: https://www.youtube.com/channel/UCjD-ImfJlSItr5b3zUwKLVA/about?disable_polymer=1
Email Erik: [email protected]
Call Erik's Office at 504-218-5479
Salary.com tracks real-time market prices of all the jobs moms perform.
Stay-at-home or not, moms are way undervalued and to often underappreciated. In light of COVID and quarantine, moms are being asked to do even more. Happy Mother's Day!
Resources Mentions:
👉 Plan Wisely YouTube Channel
👉 Mr. T - Treat your mother right
👉 How Much Is a Mother Really Worth?
👉 Dr. Matt’s Website https://www.drmattmorris.com/
👉 Erik’s Website https://www.plan-wisely.com
The news is exhausting - markets up and down, press conferences, statistics and more. Today, Erik Garcia and Jag have a simple, easy-to-understand conversation around the financial opportunities that may exist for you during the pandemic.
After a quick explanation on AGI, we take a look at the tax rebate - those checks that are coming to us from the government soon (if you haven't received yours already). If you're still working, and still have a steady income, this could be a real opportunity to pay down debt or sock that cash away in savings.
We also look at other aspects of the CARES Act, including:
Next, we examine the relaxing of restrictions on taking money out of retirement accounts - and why, as a financial advisor, this makes Erik really nervous.
Other financial opportunities available right now for individuals:
Resources:
Erik's Website
Erik's YouTube Page
Email Erik
Call Erik's Office at 504-218-5479
These are trying times, both financially and psychologically. Dr. Matt Morris rejoins Erik Garcia and Jag today. Together, we cover the volatile market as well as the "new normal" of having families together for significantly longer periods. Erik will cover some financial strategies, and Matt will cover some ideas to help keep you - and your family - sane during this time.
Resources:
Link to Video Matt referenced
Link to subscribe to Erik's YouTube page
Dr. Matt Morris Website and appointments
Erik Garcia on the Web
Erik's e-book: The 5 Pillars of Financial Security
Welcome to the gig economy. Where employees have a side hustle, or three, and others have left the paycheck-to-paycheck lifestyle of Corporate America for the project-to-project grind. Gigs move the risk away from companies and toward the individuals. Today, Roy Taylor of Taylor and Willis CPAs and advisors joins Erik and Jag to discuss. In this episode we cover:
Challenges that newly self-employed entrepreneurs face and how a CPA can help.
Common problems for small business owners.
Mistakes small business owners make, and the ramifications.
To contact Roy:
Call: 504-267-4427
Email Roy: [email protected]
To contact Erik:
Email Erik: [email protected]
Erik Garcia Website
Erik's E-Book: 5 Pillars of Financial Security
6 Tips to Hit Your Money and Health Goals and Not Fail:
Erik, Jodi, and Jag break down each of these tips, and how they can apply to your financial and fitness goals.
Resources:
CrossFit Algiers Website
Erik Garcia Website
Erik's E-Book: 5 Pillars of Financial Security
The goal of today's podcast is not to defend separate or joint accounts. However, we do want to explore some of the obstacles around joining accounts. Establishing a healthy dialogue about finances can help couples get on the same page and result in happier relationships in the long run.
Today's guest is Dr. Matt Morris, licensed as both a professional counselor and as a marriage and family therapist. He's a longtime professor of counseling at the University of Holy Cross in New Orleans, and is very active in private practice. Dr. Matt and Erik look at the data around separate vs joint accounts, as well as the reasons why some couples have trouble with their finances. Sometimes the cause is simple; sometimes it's much deepr.
Rescources:
Dr. Matt Morris Website and appointments
Erik Garcia on the Web
Erik's e-book: The 5 Pillars of Financial Security
Today, Erik and Jag are joined by licensed family therapist Roy Salgado to discuss how we can teach our kids healthy financial habits. There are 4 common responses to kids when they want you to buy something:
We break down each of these responses and the healthy traits they coincide with.
Resources:
More about Erik and how to contact him
Erik's e-book, The 5 Pillars of Financial Security
Call Erik at 504-218-5479
Email Erik: [email protected]
Call Roy Salgado at Crescent City Counseling Center: (504) 491-1034
Email Roy: [email protected]
Experts disagree on when the next recession will come, but the markets are cyclical. This means, sooner or later, eventually a recession will be upon us. If you're concerned about a recession, you aren't alone.
First, Erik breaks down some of the market terminology you often hear, in terms the average person (like Jag) can understand.
Next, there are 5 economic realities that we are currently facing. Understanding them is key to creating a plan.
Finally, Erik gets in to his 4 point plan for investing. These strategies apply to everyone, regardless of income level.
Resources:
More about Erik and how to contact him
Erik's e-book, The 5 Pillars of Financial Security
Call Erik at 504-218-5479
Email Erik: [email protected]
The podcast currently has 12 episodes available.