In this video Colin Exelby, CFP® explains the top reason you should consider retirement sooner than later.

If you’ve saved enough to retire, waiting longer might be the biggest mistake you ever make. Money gives you security and freedom, but once you reach “enough,” extra years of work don’t add real value — they only cost you time. In this video, I’ll show you why your healthiest, most vibrant years are too precious to trade for money you may never use, and why retiring sooner could change your life.

#RetirementPlanning #FinancialFreedom #RetireEarly #MoneyTips #WealthManagement #FinancialIndependence #MoneyMatters #LifePlanning #TimeOverMoney #retirementgoals

00:00-Intro

00:16-The Law of Diminishing Returns

01:50-The Real Cost of Working Too Long

03:10-The Regrets I Hear From Retirees

04:38-Why Time Should Be the Focus of Your Retirement Plan

05:55-Breaking the Fear of “What If”

06:40-How to Recognize When You’re Ready

07:25-The Shift in Perspective That Changes Everything

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

In this video Colin Exelby, CFP® explains how a pension changes your retirement planning.

Retirement planning looks completely different when you have a pension — and only 24% of working Americans do. That extra stream of guaranteed income can be a huge advantage, but it also comes with unique challenges for taxes, Social Security timing, survivor benefits, and investing. In this video, we’ll cover the four biggest things every pension holder must know: understanding exactly how your pension works, avoiding tax traps (including the “widow’s penalty”), choosing the right payout option, and making your pension part of a smart investment strategy. Done right, your pension can be the backbone of a secure retirement.

#PensionPlanning #RetirementPlanning #FinancialFreedom #RetireSmart #TaxPlanning #SocialSecurity #InvestingForRetirement #MoneyTips #WealthBuilding #financialplanning

Big Beautiful Bill E-Book: https://celestialwm.com/bbbebook/

00:00-Intro

00:50-Understand How Your Pension Works (and What It’s Really Worth)

02:45-Tax Planning

08:30-Survivor & Payment Options

10:38-Investment Strategy

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

Should you pay off your mortgage early—or keep it and invest instead? In this video, we break down both sides using real numbers based on today’s interest rates, expected investment returns, and even a real client scenario. You’ll learn about mortgage efficiency, how to compare debt costs to investment potential, and the emotional side of being debt-free. By the end, you’ll know exactly how to decide what’s right for your situation—whether that’s paying it off, investing the difference, or taking a balanced approach.

#mortgage #mortgagetips #personalfinance #mortgagepayoff #financialplanning #realestate #investing #mortgageadvice #debtfree #financialfreedom

00:00-Intro

00:28-Mortgage Efficiency: The Debt That Actually Makes Sense

02:35-Step 1: Get Clear on Your Monthly Cash Flow

03:15-Step 2: List Out Your Assets and Debts

05:10-Step 3: Estimate Your Investment Returns

06:20-Step 4: Compare Loan Costs vs. Investment Returns

10:05-Step 5: Consider the Emotional Value of Being Debt-Free

12:00-A Smart Middle Ground: Accelerated Payments vs Investing

15:20-Final Thoughts

How Much Should I have in my Emergency Fund?: https://www.youtube.com/watch?v=rym_F9nnnVw

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

In this video Colin Exelby, CFP® dives deep into the new "Big Beautiful Bill" tax law.

A brand-new 870-page bill just passed, and it’s filled with changes that could have a major impact on your retirement. If you're already retired or just a few years away, now’s the time to pay attention. In this video, I’ll break down the most important updates—without wasting your time. We’re talking about permanent tax bracket changes, a bigger standard deduction, a brand-new Senior Bonus Deduction, updates to Social Security taxation, and even a few surprise rule changes around charitable giving, HSAs, and estate planning. I’ll also walk you through three powerful strategies you can use to take advantage of this new window—from optimizing Roth conversions to reducing future RMDs and even harvesting capital gains more tax-efficiently. It’s not about reading the bill cover to cover—it’s about understanding what affects you and how to act on it. If you find this helpful, be sure to like the video, subscribe to the channel, and share it with someone who needs to hear it.

#TaxPlanning #Retirement2025 #SeniorTaxTips #RetirementIncome #TaxUpdates #RothConversions #SocialSecurityTax #FinancialPlanning #EstatePlanning #CelestialWealth

Get the Ebook: Https://celestialwm.com/bbbebook

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

Most people think their mortgage is just about the monthly payment—but that’s only part of the story. In this video, we break down the real cost of mortgage interest, how it’s calculated, and how much you’re really paying over the life of the loan. Then we dive into 4 proven strategies (plus one powerful bonus tactic) to help you pay off your mortgage faster and save tens—if not hundreds—of thousands in interest. No gimmicks. No refinancing needed. Just smart, actionable steps you can take starting today.

Whether you're a first-time homebuyer or 5 years into your mortgage, this guide will help you understand how amortization works and how to beat it.

Mortgage Calculator: https://www.bankrate.com/mortgages/mortgage-calculator/

#mortgagepayoff #mortgagetips #financialfreedom #mortgageinterest #realestateadvice #personalfinance #debtfreejourney #refinancing #homeownership #savemoney

00:00-Intro

00:42-Why the Monthly Payment Isn’t the Full Picture

01:57-How Mortgage Interest is Actually Calculated

04:50-The Power of Amortization—and How to Outsmart It

06:05-Strategy 1: Add Just $100 Extra a Month

06:45-Strategy 2: Add $250 Extra a Month

07:10-Strategy 3: Make a One-Time Lump Sum Payment

07:45-Strategy 4: Use a Biweekly Payment Plan

08:16-BONUS Strategy

11:10-Putting It All Together

12:20-Final Thoughts: Knowledge = Leverage

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

In this video Colin Exelby, CFP® breaks down the average savings in America vs the number you actually need for retirement.

Wondering how much you really need to retire at 60? You’re not alone—and the answer might surprise you. While headlines throw out scary numbers like $800,000 based on outdated “rules of thumb,” the truth is far more personal. In this video, we break down the real average and median retirement savings, why the popular 8X rule can be misleading, and how Social Security and realistic spending patterns in retirement can dramatically change your required savings. We also dive into the “smile” curve of retirement spending—why it matters, and how it can help you retire sooner than you think. If you're tired of cookie-cutter advice and ready to make retirement planning work for your life, this video is for you.

#RetireAt60 #RetirementPlanning #PersonalFinance #FinancialFreedom #SocialSecurity #RetirementSavings #EarlyRetirement #MoneyMatters #WealthBuilding #FinancialGoals

00:00-Intro

00:35-The Truth Behind Retirement Savings at 60

01:25-The Flawed 8x Rule and Why It's Misleading

03:15-Your Real Spending Will Likely Go Down

05:30-How Social Security Shrinks the Gap

06:25-A Better Rule of Thumb

07:10-Why Personalized Planning Matters More Than Ever

08:00-The Retirement Spending "Smile"

08:45-Don’t Let Bad Math Delay Your Life

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

In this video Colin Exelby, CFP® breaks down how spousal social security works.

You may have heard that spousal Social Security benefits can pay up to half of your spouse’s benefit—but that’s not always how it works. In fact, many people are surprised when they receive much less than expected, often because they misunderstood the rules or listened to outdated advice. In this video, I break down exactly how spousal benefits are calculated, the common misconceptions around “getting half,” and why timing matters more than most people realize. I’ll walk you through examples, including how to calculate a spousal top-off, what happens if one spouse claims early, and why delayed benefits don’t increase your spousal amount—but could still help in the long run, especially with survivor benefits

#SocialSecurity #SpousalBenefits #RetirementPlanning #SocialSecurityExplained #SocialSecurityMyths #FinancialPlanning #RetirementTips #SocialSecurity2025 #SpousalTopOff #OpenSocialSecurity

00:00-Intro

00:45-Why Spousal Benefits Don’t Always Equal Half

02:25-Breaking Down the Two Components

03:15-How to Calculate the Spousal Top-Off

04:10-Why Timing Matters

05:27-An Example Using Open Social Security

06:20-What About Delaying? Does It Help?

07:45-A Common Strategy: Split Claiming

08:27-Longevity & Tax Planning Considerations

08:44-Final Thoughts: Know the Rules Before You Claim

✅Open Social Security: https://opensocialsecurity.com/

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

In this video Colin Exelby, CFP® explains 5 crucial things you must do now if you are planning on retiring in 5 years.

Imagine two 60-year-olds—same age, same income, same timeline to retirement. Yet in just five years, one comfortably retires while the other runs out of money. What made the difference? In this video, I’ll break down the 5 guiding principles you need to take in the final 5 years before retirement. From supercharging your savings and building a bulletproof income plan, to shielding your nest egg from market crashes and minimizing taxes, these guiding principles can help you retire with confidence—not regrets. Don’t just coast into retirement. Let’s sprint through the finish line and make these years count. Whether you're five years out or already planning ahead, this 2025 retirement guide is packed with strategies you can’t afford to miss.

#RetirementPlanning #RetirementTips #FinancialFreedom #MoneyMatters #WealthBuilding #401k #RothIRA #FinancialGoals #TaxPlanning #MoneyTalks

00:00-Intro

01:55-Saving and Investing

05:05-Retirement Income Strategy

08:10-Market Volatility

10:00-Tax Planning

12:33-Life Design

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

In this video Colin Exelby, CFP® explains the 6 levels of wealth in America

Most people focus on how much money they make—but that’s the wrong question. In this video, we reveal the real measure of financial success: your net worth, not your income. Using the latest data from the Federal Reserve, we break down the six wealth levels that define where you stand in today’s economy—from financial survival to the top 1%. You'll learn why high earners can still struggle, how net worth is built, and what key behaviors separate the wealthy from the rest. If you’re serious about building lasting wealth, avoiding lifestyle creep, and leveraging compound interest to your advantage, this is the roadmap. Stick around to see where you land—and how to move up the financial pyramid.

00:00-Intro

00:25-Income is NOT Wealth

01:00-Level 1: Financial Survival Mode

01:50-Level 2: Precarious Working Class

02:37-Level 3: Traditional Middle Class

03:20-Level 4: Professional Upper Middle Class

04:20-Level 5: Financial Independence (The Upper Class)

05:00-Level 6: Wealth Apex (The Top 1%)

06:00-Getting on the Right Track

06:40-Ascending the Wealth Pyramid

#NetWorth #WealthBuilding #FinancialFreedom #MoneyMindset #IncomeVsWealth #WealthInequality #RetirementPlanning #InvestingBasics #CompoundInterest #moneytalks

Federal Reserve's Survey of Consumer Finances: https://www.federalreserve.gov/publications/files/scf23.pdf

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.

Colin Exelby, CFP® explains how retirement changes when you have a pension.

After 20 years of helping retirees navigate life after work, I can tell you—your pension decision might be one of the most critical financial moves you ever make. Whether you’re choosing between a lump sum or monthly payments, weighing the risk of outliving your money, or deciding how to protect your spouse, there’s a lot to unpack. In this video, I break down everything you need to know about pensions—how they work, the tradeoffs, how PBGC protection fits in, and real-life case studies like Bob and Linda to help you understand your options. I also explore strategies like pension arbitrage and hybrid rollover options for more control and flexibility. If you’ve got a pension—or wish you did—this is a must-watch.

Daniel de Visé Article:👇

https://www.usatoday.com/story/money/2024/03/19/pensions-are-popular-why-dont-more-americans-have-them/72968970007/

#RetirementPlanning #PensionAdvice #LumpSumVsMonthly #FinancialFreedom #SocialSecurity #PBGC #PensionPlanning #RetirementStrategy #Annuities #investsmart

00:00-Intro

00:30-The Critical Pension Payout Decision

02:30-Lum Sum or Monthly Payments?

04:15-Understanding Your PBGC Protection

05:05-The Longevity Challenge

07:48-Are There Other Options?

10:15-When to Consider the Lump Sum Option?

11:35-Integrating Your Pension Decision

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.