By Planning Made Simple, created by Paul Durso
5
33 ratings
The podcast currently has 93 episodes available.
This episode discusses the power of dividend investing, particularly how a consistent investment in dividends can lead to substantial long-term wealth. Starting with a hypothetical scenario of investing $5,000 annually with a 5% dividend yield that grows by 3% each year, the hosts calculate that by the age of 62, the portfolio could generate $257,000 in income and be worth $1.7 million, despite no share price growth. The podcast also shares real-life examples of individuals, including Anne Scheiber and Ronald Read, who built significant wealth through patience and dividend reinvestment over decades. The discussion emphasizes the importance of starting early, staying invested, and being patient to achieve financial security and generational wealth.
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In this podcast, Paul Durso, Kyle Morgan, and Niki Erb delve into the process of making significant life decisions, emphasizing the complexity and impact of these choices. They highlight how decision-making often involves a balance between logic and emotion, using the example of Steve Jobs' departure and return to Apple to illustrate their points. The discussion touches on how emotions, logic, and even providence play roles in decision-making, and they stress the importance of having a structured approach. They conclude by suggesting that identifying the need to slow down and consider a decision thoughtfully is crucial, and use the example of deciding whether to renovate or buy a new home to explore these ideas further.
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In this podcast, Paul Durso and Kyle Morgan discuss a significant shift in the tech market as major companies begin paying dividends, which traditionally was uncommon in this sector. Dividends are seen as a strong indicator of financial health, suggesting that these tech giants have robust cash flows and are transitioning from high-growth strategies to more stable, income-generating models. This shift can attract dividend-focused investors, potentially reducing stock price volatility and reflecting a maturation of these companies' financial strategies.
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In this podcast: Paul Durso, Kyle Morgan, Josh Blackson, and Brad Van Hoy (a group of dads) discuss the challenges and changes in the college application process as they navigate their children’s journeys from high school to college. They reflect on how much the process has evolved since their own experiences, noting that college admissions now emphasize grades, extracurricular activities, and even demonstrated interest in schools more than standardized tests like the SAT or ACT. The dads also share personal anecdotes about their kids' educational paths, the importance of high school diplomas, and their approaches to helping their children with college applications, including whether to hire professional help for the process. They express concern about how the evolving criteria for college admissions could impact students' learning and long-term outcomes.
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The podcast features a conversation with Luke, a chiropractor who has been treating the host for the past two years. The host initially sought treatment due to severe physical pain, and after just one session with Luke, he experienced significant improvement. Luke is described as not being a typical chiropractor, as he incorporates techniques from various disciplines, including physical therapy and acupuncture, and focuses on holistic approaches to patient care. The discussion touches on the benefits of different treatments, the importance of addressing root causes of pain rather than just symptoms, and the concept of maintaining body health through different life stages. They also delve into the significance of ongoing learning and collaboration among healthcare providers to stay updated on best practices.
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In this podcast, Paul Durso and Kyle Morgan discuss their experiences with panic attacks and the feelings of being out of control. One shares a recent experience of managing three kids alone while his wife was traveling, and another recounts a severe panic attack in the car a year ago, describing physical symptoms like a racing heart and sweating. They talk about the confusion and helplessness during these attacks, often unable to pinpoint the cause. The conversation transitions to how faith and a support system, like a loving spouse or mentor, can help navigate these moments. The discussion also touches on a significant life event involving job loss and relocation, highlighting the importance of faith and resilience in overcoming challenging times.
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In this podcast, Scott Hosey, a real estate agent with seven years of experience, shares his unique journey from being a pastor to entering the real estate industry. He discusses his transition, highlighting how he initially struggled with the concept of working for an organization and ultimately decided to leave his pastoral role without a clear plan. Scott emphasizes the importance of trusting the process and finding a career that aligns with one's values. He also touches on the challenges and misconceptions he had about real estate, such as self-promotion and sales tactics, and how he overcame them to build a successful business alongside his father. The conversation then shifts to discussing strategies for buying and selling homes, with Scott advising to always think long-term and have an exit strategy in mind.
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Paul Durso and Kyle Morgan discuss the benefits of investing in dividend stocks, using a story of a woman who amassed $22 million from an initial $5,000 investment in dividend stocks as an example. They explain that dividends provide a steady income stream regardless of market fluctuations, likening dividend stocks to an apple orchard that produces a reliable harvest. They also discuss different types of dividends, such as cash and stock dividends, and the advantages of investing in dividend stocks, including income generation, compounding growth, and hedging against inflation. Additionally, they debunk myths that dividend stocks are only for conservative investors and don't offer significant returns, highlighting that many major companies, including tech giants like Apple and Microsoft, pay dividends.
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This episode features a discussion on public versus private healthcare with Dr. Gary Klein and Tracy Farrell, who have backgrounds in family practice and clinical nutrition, respectively. They explain that public healthcare serves the majority through insurance, Medicare, and Medicaid, but often involves long wait times and less personalized care. In contrast, private healthcare, though commonly thought to be for the wealthy, is accessible to everyone and allows for more thorough, individualized treatment. They emphasize the benefits of slowing down the "assembly line" approach to truly address patients' underlying health issues.
In this final episode of the Life Check series, Paul and the gang discuss the complexities and importance of retirement planning, emphasizing the concept of "lifestyle income," which involves determining how much income is needed to maintain one's desired lifestyle in retirement. They highlight the challenges clients face in estimating these needs and the importance of planning for potential shortfalls. The conversation also touches on the four freedoms—income, time, choice, and purpose—that retirees seek and how financial planning can help achieve these. Finally, they discuss the significance of benchmarks in measuring financial success and ensuring clients feel secure and confident about their retirement plans.
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The podcast currently has 93 episodes available.