Planet BoomerVille for baby boomers with Jim Enright

If you have thought about starting a baby boomer business venture, small, medium, or large, this episode gives you the building blocks for a smart stressless start so that you avoid the "Oh Crap" moments.  Sylvia is the author of "Small Business Finance for the Busy Entrepreneur – Blueprint for Building a Solid, Profitable Business."

• - What experiences triggered the book? (2:00)

                Story of couple that looked good on outside.

• Simple steps taken upfront that will protect business and retirement. (2:56)
• Mistake of not separating business and personal funds. (4:25)
• 2nd Big Mistake - no budget.
• Budgeting for the one time yearly expenses. (6:20)
• Often can be losing money on products and services. (9:15)
• Other business owners will share information with you. (10:35)
• Major Points in starting your business (11:40)
• Creating an LLC gives an extra layer of protection. (16:30)
• What to do for beginning venture- blogger, writer, artist. (17:40)
• Two important items to account for in your budgeting. (20:18)
• 2 Big Mistakes for Established Businesses. (22:00)
• • The solutions to the mistakes.
• Virtual Assistants in US and abroad. (24:00)
• Beating the tax prep overwhelm. (27:53)
• "Oh Crap" Moments (31:16)
• Music. (34:20)
• Death and dying. (36:15)
• Looking back from 95. (37:30)
• Final Take Away - 10 Step Check List On Line.

Resources

 Fiverr

 UpWork

Virtual Valley

Music

Steve Miller - The Joker  9/26/1976 - Capitol Theatre Eagles - Take it Easy Live 1977  

Contact Sylvia Inks

Website: www.smifinancialcoaching.com

Book URL: www.smallbusinessfinancebook.com

Facebook: SMI Financial Coaching

Twitter:  @smifinancial

LinkedIn:  https://www.linkedin.com/in/sylviainks

Link to buy book on Amazon: http://amzn.to/2ehxyVY

Thanks for sharing and showing your baby boomer pals how to subscribe to Planet BoomerVille.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

Making decisions, but not "no decision" decisions.What happens when you "just say yes." Downsizing to a boat after 29 years in same home.  4 decision hinderances. You always know the right answer, and much much more.

- His coaching clients asked him to write this book after giving story 3 times at his   live events.

- Mr Wonderful, Shark Tank's Kevin Harrington wrote forward. (3:32)

- It's a mindset; not about manifesting.(5:02)

- Mindset or positive mental attitude? (5:39)

• It's what you decide to do in the circumstances (6:12). - By our 50's and 60's most decisions are made unconsciously- how do we make more aware            decisions?
• Jim and Stephanie's big decision (7:06)
• If you live your life every day the same way for 75 years, did you really live a full life? (7:18)
• We need to have an adventure while we still can outside our comfort zone. (7:58)
• What happened when they said "yes." (8:25)
• #Hunter S Thompson -  "Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!" (8:38)
• Decision process-downsizing after 29 years. (9:19)
• • Grand Kids.
  • Being close to grand kids.
  • Must live our own lives.
• Jim's back story with cancer and challenges. 12:20
• • Ultra clarity on how short life can be.
• Decide, but not a "no decision." (13:00)
• • What's wrong with "no decisions."
  • Not every decision should be fast.
• You always know the right answer. (14:30)
• • The mind knows. Emotions take over and it gets cloudy.
• Building a dream life. (16:00)
• • You must act.
  • Fighter pilot story.
• Top 4 Decision Hinderances from his book (of 18 possible).
• • Be immune to criticism.
  • Decide to be authentic.
  • The imposter syndrome.
  • Taking out the trash.
• Music (27:06)
• • Kiss, Aerosmith, Creedance CR, Country,
• Death and Dying. He's been there.
• Looking back from 95. (31:00)
• • We just said YES.
  • We do not want to live with regrets.
• His new book - Just Say Yes.
• Gene Simmons, Me, Inc. story.
• Get a FREE copy of Decide. (36:00)

• Final Take Away

Resources

• www.OurFloatingHome.com
• http://www.getjimpalmer.com/
• www.DecideForSuccessBook.com - get a free copy for shipping.

Music

John Fogerty and Bob Seeger - Who'll stop the rain?  

Aerosmith - Train Kept A-Rollin' - Live 1976 Pontiac  

Chris Janson - Buy Me A Boat  

Thanks for sharing with your baby boomer pals and on Facebook. If you liked the episode, please write a great review on iTunes. This helps more people find us.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

Approximate Show Notes

• The investment financial models and what is wrong with them. (2:10)
• All are portions of the truth. (4:30)
• Financial Mis-information - Truth vs UnTruth (5:31)
• Where Vanguard's John Bogle made a mistake. (6:19)
• Low Cost Passive Management Index Fund analogy to Congress. (7:30)
• His teaching is science and math. (8:15)
• 7 Steps to 7 figures. (9:00)
• Emotions and Facts. (9:26)
• • Pay off mortgage or have debt.
  • His condo experience.
• From what perspective is this advice? (14:00)
• The more you can move toward the math, the better you will do. (15:37)
• The Next Big Bubble (21:29)
• • Expectancy Principals
  • Todd's investing mistakes history.
  • Called the stock market bubble.
  • Called the real estate bubble.
• We mistake the last 3 years low interest rates as reality. (26:00)
• • No positive expectancy net of inflation.
• The universal trends in the 1980's. (29:27)
• On a roll. (30:45)
• Would a 50% haircut change your retirement future? (33:00)
• • Risk Management Strategy
• The Financial Reality for Baby Boomers. (35:00)
• Math of accumulating assets vs Math of Living off assets. (35:37)
• Half Myth - the market always comes back. But your portfolio does not. (37:00)
• What Tony Robbins got right in Money-Master the Game. (38:50)
• Average returns are a Mathematical Fiction. Compound Returns are not. (42:24)
• Callan Charts - Past performance not indicator of future performance. (44:36)
• The math of advisor fees, or how you lose 75% of your income. (47:00)
• The 4% withdrawal rule was made on assumption of no fees. (49:00)
• Wealth Front, Betterment - the downside is no risk management. (50:00)
• Generational Changes is what is the truth. (51:50)
• • Low Cost Passive Index Buy and Hold.
  • same as 1980's stock market
  • same as 2007 RE bubble.
• The Truth today is do not get sucked into half-truths. (53:39)
• What Tony Robbins got wrong in the Money-Master the Game. (55:00)
• The 4% Rules BIG mistake. (57:00)
• Todd's top stock picks for 2017. (59:10)
• Self Directed IRA's. (1:01:38)
• Reverse Mortgages - (1:02:49)
• How do you know when you can retire? The 3 Models. (1:03:17)
• Todd's favorite music. (1:04:50)
• Death and dying.
• Looking back from 95.
• Financial Myths.
  • Risk = Reward
  • Expectancy analysis is the truth.
• Baby Boomers Late Start Model. You can still do it. (1:11:00)

• False Assumptions Will Cost You Money. Find out about them now.

Contact Todd

Financial Mentor  

Facebook. 

Twitter. 

Music

-   60's Psychedelic Rock

-   Pink Floyd - Wish You Were Here

Thanks for sharing with your Baby Boomer pals and showing them how to listen and subscribe to podcasts.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

Remembering your dreams of who you want to be. What would you do if you won the lottery? 

- Feeling frustrated, stuck, and stagnant. (2:35)

- Do people know they are in a funk? (3:00)

- You may not recognize your funk.

- Just been so busy the last few decades. Not thriving. On auto-pilot.

- Dreaming and the part it plays. (5:37)

- Based upon Mindfulness. (6:20)

- Awareness of your thinking (7:00)

- Our results prove our thoughts every time. (7:22)

- The Great Gazoo (8:30)

- Thoughts are just sentences in your mind. (8:46)

- Example of weight loss and mom in law. (11:00)

- Take an approach of fascination. (15:10)

- What your mind does to you without your permission. (16:25)

- What would you do if you won the lottery? (20:00)

- Remember a time when you were envious, and the story.

- Opportunity list vs bucket list. (25:40)

- Creating memories and regret proofing. (29:00)

- Being intentional.

- Life regrets - not making more time for friends. (32:10)

- Listen to your excuses.

- Change something. Start small.

- Final take away. (44:50)

- Music, death and dying, and looking back from 95.

Resources

www.suzyrosenstein.com

Twitter: www.twitter.com/yoffi

Instagram: www.instagram.com/midlifecoach4women

Pinterest: www.pinterest.com/coachwithsuzy

Empty Nest Blog:  www.suzyrosenstein.com/empty-nest-blog

Music

Chuck Mangione Sun Shower:

Blood Sweat and Tears - Spinning Wheel 

Frank Sinatra -You make me feel so young.  

Mel Torme - Wave.  

Thanks for telling your friends about Planet BoomerVille. 

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

The first part of this episode was recorded in early August after #FloydFest 16. Current brilliant insights were added. Live life lively boomies.

- The FloydFest ritual overview.

- What new traditions can be created? (6:30)

- Official UK stats on aging and loneliness (7:11)

   TV or pets are main form of company

   12% feel trapped in their own homes

   more women than men feel lonely.

- Can we cross pollinate friends? - Baby boomer anti-loneliness awareness- staying connected with our children           friends.(8:41) - Inter-generational connectivity is part of our future. - Loneliness is statistically on the horizon….let us plan now. - Big dating tip for single boomies. (10:20) - Gatherings - who, what and when. - Gathering ideas.

- Beat the UK statistics.

Thanks for sharing this episode with your friends and showing them how to listen to podcasts and subscribe if they do not know how.

When it comes to your retirement and money, how do you keep more? Is there a way to reduce investment fees? How can you really catch up fast, or make a major addition to your retirement accounts? How can you reduce taxes? A Qualified Retirement Plan may be the answer for you.

Damion Lupo is president of Total Control Financial, a firm who's goal is to disrupt Wall Street by empowering and educating individual investors to take more control of their finances.

Is there a danger? Of course! You must know yourself, and be confident. There is a wealth of thought provoking conversation here.

• Spin jobs by Wall street (3:20)
• Most people do not want to think about it. (3:50)
• How much does it really cost investors each year? (7:30)
• The Guide to Qualified Retirement Plan (QRP) (8:52)
• The difference between a Self Directed IRA and a QRP. (10:18)
• Contribution differences. (10:50)
• Does QRP applied to those NOT self employed? (12:02)
• Tax Benefits. (13:35)
• The down side of QRP. (15:26)
• It takes education. (16:18)
• Will you deal with the devil you know (Wall Street) or the devil you don't know (You)? (20:11)
• Green and Red Arrows of wealth story. (20:49)
• What is wealth- cash in the bank or cash flow? (23:00)
• Reimagining your relationship with money. (24:00)
• 6 Guiding Principals of Total Control Financial. (27:04)
• Final Take Away. (32:20)

Damion was a guest on Episode 19. Be sure to listen to this show. You'll also find out about his favorite music, looking back from 95 years old, and thoughts on death and dying.

Thanks for telling your baby boomer pals and showing them how to subscribe on their smartphone and tablets.

If you are reading this, please leave a review on iTunes.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

This is the follow through episode on visiting my Aunt Marilyn Kohn and recording a video of Kohn Family history, beginning with her growing up, her parents, high school, college, meeting Uncle Rudy, meeting Grandma Mary Kohn and moving forward to today and what she is looking forward to.

We recorded 12 segments from 9 to 25 minutes each on Friday and Saturday morning.

It was amusing how one memory, or question, triggers another, much like a pin ball machine in your brain.

As you may guess, the best questions and answers occurred when the camera was not rolling.

For instance, I asked her about the secrets to a long and happy marriage (hers was 47 years) on Friday night after shutting the video off and sipping a glass of wine.

Her answer would have been an immediate viral sensation and Aunt Marilyn would have been a media star if on camera.

On Saturday, asking the same question, received a subtler and tamer answer. Entertaining, but not the same.

While recording, my son, David, Face Timed in from afar, which was a treat. Far different than when Uncle Rudy was on an aircraft carrier in the Gulf of Tonkin and communications was by US mail which took 14 days.

I also taught Aunt Marilyn how to FaceTime. If you have not taught your older relatives how to do this, try it.

Final lessons from my writing Chuck Berry about being a guest on Planet BoomerVille, and how you can apply this lesson to your life.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

It was 45 years ago. I remember being at my Great Aunt Helen's house and walking through it as a young 20 something. I wanted to ask about Great Uncle Johnny who had passed away 10 year prior. He was a WW1 vet and entrepreneur.

I choked though. I was afraid I would make her sad or hurt her feelings and did not ask. As if it was being disrespectful.

Then, I did not know that asking about a loved one long gone, would bring the memories and blessings of past times back to her, and to great Uncle Johnny.

I will teach my children and grandchildren to ask insightful questions about the dead and gone. And to video record the answers while they are still available.

Listen to this short awesome episode for the rest of the story.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

Boomies, this is the first episode of the recently retired and living the dream of outdoor adventure retirement. Kirk Eaton was a type A+ personality who was burning out and had to take a walk in the woods to clear his head. He chose The Appalachian Trail, for a six month through hike of 2,190 miles. When he returned, he had a clear head and decisions made. Listen as Kirk tells the decisions and experiences along the path to retirement and along the AT and Pacific Crest Trail.

How the retirement decision came about. (3:11)

Lot's of weight crushing in. (3:46)

Decided to start living on their chosen retirement income for 2 years. (4:20)

Preparation for the Appalachian Trail. (7:10)

The thought evolution as he walked. (9:30)

Shaking the Superman Syndrome. (10:25)

Realizing he was designed to fly. (11:19)

What happened after the weight slipped off. (13:05)

The laughter and engagement of the present. (14:26)

To hike six months, plan on $6,000.00 budget. (16:01)

What happened when he returned to work. (16:25)

Their decisions and concerns - financial and physical health. (17:01)

14.3% of hikers finish the AT. How this relates to retirement. (22:36)

Trail names - OB = Old and Busted. (23:59)

Preparing for the Pacific Crest Trail (24:35)

Two types of hiking - Through and section. (25:40)

Not about age on the trail but about interests. (29:55)

Kirk's favorite question to ask other hikers that led him to a place not on his radar. (30:48)

Kirk's favorite music. (32:50)

Death and Dying. (34:31)

Looking back fro 95 years old. (35:40)

The Triple Crown. (36:37)

Kirk created an Instagram account for this interview: Retirement_Outdoors. (37:40)

Final Take Away - Don't take everyone else's blueprint. (38:38)

Resources

Instagram: https://www.instagram.com/retirement_outdoors/

FaceBook: https://www.facebook.com/kirk.OB.eaton

Email: [email protected]

Music

Boston- The first album.

Bob Seeger

FogHat

James Taylor.

Thanks for sharing this with your pals. That's how we grow.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

While planning his early retirement, Fritz Gilbert decided to start blogging about his thought process and the planning mechanics. As he wrote about the financial aspects, he found he was spending as much time writing about retirement life purpose and focus. Don't visit his blog though. You will get caught up in interesting stories and lose time, just as I did, while writing these show notes the morning of.

Approximate Show Times

How much do you need to retire. (4:00)

What is a safe withdrawal rate? (4:50)

The key is to get a good estimate of what you will spend. (5:20)

Flexible spending is the word. (6:50)

The first objective is to try to have the lifestyle you really want to have. (7:50)

Rental property not on his list. (10:40)

The dismal baby boomer financial stats. (12:50)

The preacher and his wife were broker at 50 and retired at 62. How they did it. (17:00)

Questions from his blog readers. (19:21)

What already retired folks say about planning and the money. (19:50)

Having a purpose. (25:25)

All my friends are dead. I've out lived them. (27:00)

Top baby boomer retirement fears. (28:50)

***Love letter to wife each year with an addendum. (30:14)

Just try something. (33:15)

If not retired yet. (34:40)

www.WadePfau.com

The blogs and podcasts Fritz follows. (39:40)

Thoughts on minimalism. (42:58)

Fritz's Music:

Boston, Bob Seeger. And a little bit of Ted Nugent.

On Death and Dying.

Life Looking Back From 95.

The Big Take Away

Every year, Fritz's writes an addendum to his love letter to his wife. In it he has:

• What and where all the passwords are to his accounts.
• Who to call first.
• What specific steps to take 1-10+.

It is detailed, and will be a real gift to his wife and daughter.

Resources

www.TheRetirementManifesto.com

Twitter:  

Facebook:  

Instagram:  

Wade Pfau. 

Fritz's Favorite Music

Boston – Don't Look Back. Bob Seegar – Against the wind. 

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Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?