Retirement: Redefined

Have you ever considered how much your goals and desires might change over time? In this episode, we dive into Chapter 14 of Morgan Housel's book, The Psychology of Money, exploring the concept that our future selves are often unpredictable. We tend to underestimate the extent to which our personalities and aspirations will evolve, and as we reflect on our past decisions, we may realize that what once seemed ideal may no longer align with who we are becoming. This is why it's crucial to avoid extremes in financial planning, instead aiming for a balanced approach that accommodates life's inevitable changes.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/78

Today we are going to break down the connection between football and investment strategy. Imagine your portfolio as a football team, where each position demands a distinct skill set. Just as a coach strategizes player positions, your portfolio requires careful construction. We'll explore how to divide your investments into "now, soon, and later" money, ensuring your financial game plan is tailored to your unique needs and goals. Through drills like assessing time, taxes, risk, and balancing income versus growth, you'll discover how to optimize your portfolio's performance.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/77

Today we are revisiting Morgan Housel's book, The Psychology of Money, this time taking a deep dive into dive into Chapter 13: Room for Error. The key takeaway? If you're aiming for long-term success, leaving room for error is crucial. As Housel puts it, "Room for error lets you endure a range of potential outcomes, and endurance lets you stick around long enough to let the odds of benefiting from a low-probability outcome fall in your favor." With that in mind, we'll explore the concept of margin of safety, the importance of preparing for various outcomes, and why it's essential to acknowledge the emotional aspect of financial planning alongside the technical aspects.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/76

Does working with an advisor truly add value compared to going solo? Today we are talking about the value a financial advisor brings to the table as discussed in the Vanguard Study entitled "Advisor Alpha". We'll explore the seven key categories outlined in the study, shedding light on how these factors influence financial outcomes.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/75

Today we're discussing the future of wealth management through the lens of technology. Why should you care about this rapidly evolving landscape? In this episode, we will explain the impact of artificial intelligence (AI) on investment strategies and explore how technological advancements are reshaping access to wealth management services.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/74

Lauren Brown, CFP®, brings more than just professional expertise to the table. In this episode, Lauren shares her journey, deeply influenced by her mother, a trailblazing CFP® with roots in Wall Street. Amidst the challenges that nearly led her to surrender, Lauren's story is a testament to resilience and female empowerment. Now a Senior Advisor at Fiat Wealth Management, she discusses her passion for helping women navigate the complexities of finance and addresses the gender gap in financial literacy.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/73

In the intricate world of investments, the unexpected is not just a possibility but a constant reality. Delving into the markets, we often encounter unprecedented events that challenge historical patterns and conventional wisdom. While using history as a guide offers insights, it can also blind us to outlier events—those rare occurrences that shape our destinies. In this episode, we discuss Chapter 12 of The Psychology of Money by Morgan Housel, focusing on the element of surprise in the ever-evolving landscape of finance.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/72

Do you know what your REAL net worth is? As you may know, net worth is a pretty standard way to gauge financial success. However, there’s a key component to this that is not calculated – but should be. In this episode, we’ll be discussing what your real net worth is, why it’s important (especially when it comes to retirement years), and how to calculate it. 

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/72  

*This special episode replay is dedicated to Steve Shanesy.*

Renee and Steve Shanesy were both working in high-stress marketing jobs in corporate America when they decided it was time to make a change. They were tired of leaving their pets behind every day to go into a job that was leaving them feeling tired and constantly stressed out. So, Renee quit her job to open up a first-of-its-kind luxury dog resort. In the years to come, the resort took off, landing them in a position to accept a purchasing offer that they couldn't refuse and allowing them to focus on consulting. They now live what we consider an "every day is Saturday" lifestyle and in this episode, they will be sharing their journey from start to finish.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/43

Why is being reasonable the key to long-term success in handling your money? In a world where emotions often intertwine with financial decisions, it's essential to recognize that you're not just a spreadsheet; you're a unique, emotional individual. In this episode, we delve into the importance of balancing reason and emotion in financial planning.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/71