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

With half of the wealth in the United States resting in the hands of the Boomer generation, the landscape is set for a shift as they age. In this episode, we discuss the complexities of the great wealth transfer, explaining potential pitfalls, the crucial consideration of taxes during the transfer, and the misconception that money alone can solve all problems.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/70

Discover the secret to your long-term financial well-being in this episode as we dive into Brad's concept of "real net worth." While net worth is commonly used to gauge financial success and retirement readiness, the calculation is often misunderstood. In this episode, you'll learn about the nuances of your true assets and liabilities, going beyond conventional measures to see where you truly stand.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/69

Choosing a financial advisory firm is a critical decision, and today, we'll dive into why Fiat stands out among the rest. We'll break down how, unlike firms dealing with trust funds or perpetual wealth, Fiat focuses on those transitioning from their working years to retirement, fostering relationships with clients they genuinely care about. Listen in to discover the significance of liking your financial advisor and the benefits of seeking help for retirement planning.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/68

Today we dive deep into the question of whether it makes sense to own a home as you transition into retirement. As retirement brings various life-changing decisions, the choice between owning and renting a home is a critical one. We'll present both sides of the argument, exploring the advantages and drawbacks.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/67

Today we dive into the insights and experiences gained over the years. We reflect on the lessons that have shaped our approach, the things we wish we knew when starting, and the areas where we might have taken a different path. From stepping into the unknown world of our first jobs to the realization that financial planning is not just about investments, we discuss the complexities of the industry.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/66

Today we dive into the age-old debate: is all debt really bad? While it's true that debt always carries some level of risk, we challenge the notion that it's universally detrimental. We explore various scenarios where debt can be a useful financial tool and why taking out a mortgage, for example, might not be the financial bad guy it's often portrayed as.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/65