The Free Retiree Show

Everyone probably heard about inflation in the news and experienced it firsthand. For some, they notice it when purchasing items at the grocery store, others notice it at the gas pump. In all our purchasing activities the latest inflation surge appears to be evident. 

Historically, a two percent inflation rate has been considered a healthy indicator of a growing economy. The consumer price index for May, which tracks changes in the price of food, housing, gas, and other commodities over the previous twelve months, increased by 8.6%, reaching a 40-year high.

Higher costs on goods and services mean that consumers have less purchasing power if their income does not keep up with inflation. Rapid price increases might cause economic instability and risk many individual's savings accounts just to live their day to day lives. Consumers' agony is amplified by the fact that they don't know how long or how to react financially if prices continue to rise.  

A rise in inflation has a negative impact on the returns of investors who rely on bonds for their income. Additionally, inflation can erode an investor's purchasing power and reduce their returns if they don't manage the impact on their portfolios. 

In this episode, we discuss how to manage your finances and what are the best investment options during a high period of inflation.  Join our hosts, wealth manager Lee Michael Murphy and career advisor Sergio Patterson. Tune in to this week’s episode of The Free Retiree Show.

What you’ll learn in this episode: 

• What is the difference between the current market and past bear markets 

What needs to happen for the market to recover 

Purpose and passion are the driving forces behind any successful business. Many people are fascinated with the possibility of financial gains that come with becoming an entrepreneur. Start-up entrepreneurs are amazed at the overnight success and rags to riches stories they see. The reality is successful entrepreneurs are not driven merely by the desire to make money. Most successful entrepreneurs thrive because they believe in what they are doing and integrate their personal values into their business. 

An entrepreneurial endeavor is not always smooth-sailing. There are challenges that test entrepreneurs' determination to succeed. However, passionate business owners are less likely to experience emotional setbacks and burnout. 

Ola Hawatmeh’s need to create passion and purpose in her life led to her launching Mom Me Makeover.  Ola’s desire was to create a positive impact on the community. Mom Me Makeover is a personal styling company that empowers mothers around the country to embrace their style and build self-confidence. 

Ola also created the successful nonprofit, Makeover for a Cause. As a cancer survivor, Ola helped cancer patients, homeless, and abused women feel better with themselves through a relaxing makeover.  Ola is also the founder of Ola Styles, which is one of the fastest growing Urban-Chic clothing brands. Alive magazine and SBM mentioned Ola as the most influential business woman in the country for starting two profitable enterprises from scratch.

In this episode,  Ola Hawatmeh shares how she juggled business and motherhood, the importance of creating a positive impact as a business owner, and why you should give back to your community. 

Tune in as Ola gives us her strategy and style to becoming a world class business owner. With hosts, wealth manager Lee Michael Murphy and career advisor Sergio Patterson, join this week’s episode of The Free Retiree Show. 

What you’ll learn: 

• The pursuit of success and money vs the desire create impact

The Free Retiree Show is honored to be a Top 20 Feedspot Podcast of 2022

MONEY MANAGEMENT EDITION

Do you want to escape from the rat race and experience true freedom? 

Passive income can be the answer.

There's a reason why so many people are drawn to the idea of passive income- it's the key to true freedom. You can't rely on someone else for your financial security, you have to create it for yourself. And that's exactly what passive income allows you to do.

It's not easy, but it is possible. The first step is understanding what passive income actually is. Passive income is money that you earn without having to actively work for it. That might sound like a dream come true, and in some ways, it is. But there's no magic bullet here- generating passive income takes hard work and dedication.

The good news? There are plenty of ways to do it. One is through real estate. 

In this episode we discuss:

• How to attain financial freedom through real estate 

Join us with Maurice Philogene and hosts, wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matthew McElroy tune in to this week’s episode of The Free Retiree Show.

To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

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BUSINESS & THOUGHT LEADER EDITION

Are you feeling lost in your career? Are you not sure what you want to do with your life? It might be time to recreate and reinvent yourself. It's a big decision, but it's definitely worth considering.

There are a lot of different ways to go about this process. You could take classes to learn new skills or network with people in your industry. You could also start by evaluating what you don't like about your current job and brainstorm some potential solutions.

Whatever route you choose, make sure that it's something that excites you and motivates you. Don't settle for anything less than what makes you happy. Otherwise, you'll quickly lose steam and fall back into the same routine.

In this episode we discuss:

• How to reinvent yourself 

Join us with Ana Billian and hosts, wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matthew McElroy tune in to this week’s episode of The Free Retiree Show.

To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

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TOP 20 RETIREMENT PODCAST OF 2022

MONEY MANAGEMENT EDITION

In 2021, CNN wrote that US economic growth was already starting to slow, and the economy would keep decelerating in the coming months. 

Growth in year-over-year GDP has already shown signs of slowing, with quarterly GDP growth dropping from 12.2% in the second quarter of 2021 to 3.5% this past January. The Bureau of Economic Analysis, which determines the annualized percentage change between two quarters, calculates GDP expansion using a different method than the Commerce Department. Despite this, both sets of data indicate a decline in economic development.

But according to financial advisor Lee Michael Murphy, it is more important to prepare ourselves for a recession instead of starting to panic. There is always a recession. Recessions are just part of economics. They're always scary, they make us feel uncomfortable, and it's always painful when they happen. But there are ways to prepare for them. 

In this week's episode, we're going to talk about the state of the economy, the impact of recessions, and what needs to happen for the markets to recover and the economy to start getting better.

Join us with wealth manager Lee Michael Murphy and career advisor Sergio Patterson. Tune in to this week’s episode of The Free Retiree Show.

To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

In this episode we discuss:

• How to prepare for a recession

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CAREER ADVANCEMENT EDITION

In this episode we discuss:

• How to build a personal brand using LinkedIn

You've probably heard that personal branding is important, but you're not sure where to start.

It can be tough to figure out how to build your personal brand and make it stand out. You don't want to copy someone else, but you also don't want to reinvent the wheel. 

The best way to build your personal branding is to find a niche. You don't want to copy someone else, but you also don't want to reinvent the wheel. Figure out what makes you unique and focus on that. Use your personal branding to share your story and connect with others. 

Be genuine and authentic, and stay true to yourself. Your personal branding should reflect who you are, not who you think others want you to be. Be authentic and honest in your branding, and you'll connect with others on a deeper level.

In this week's podcast episode, Melanie Borden shares her top growth strategies when it comes to building a personal brand using LinkedIn, her hurdles when it comes to growing her business, and more.

Join us and learn more about consistency, resilience, and more with Jay Jay. With hosts, wealth manager Lee Michael Murphy, and career advisor Sergio Patterson, tune in to this week’s episode of The Free Retiree Show.

To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

The Free Retiree Show Podcast Page

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TOP 20 RETIREMENT PODCAST OF 2022

BUSINESS & THOUGHT LEADER EDITION

Starting your own business is no easy task. You have to be passionate about your idea, be willing to put in the hard work, and be dedicated to seeing it through. But what if you could make your business a multimillion-dollar company? That's an entirely different story.

There are many things that go into making a business successful, and it takes a lot of hard work, dedication, and perseverance. But if you're able to achieve success, it can be incredibly rewarding. Not only do you get to see your vision become a reality, but you also get to reap the financial rewards.

Of course, becoming a multimillionaire doesn't happen overnight. It takes years of blood, sweat, and tears. It's not easy to turn your dreams into a reality. The world is full of people who have given up on their passions, choosing instead to live vicariously through the accomplishments of others. But it doesn't have to be that way. If you're willing to put in the hard work, you can make your dreams a reality.

Join us in this week’s episode with Mike Fata, who co-founded Manitoba Harvest Hemp Foods from 1998 to 2016. He ran all aspects of the company as chairman of the board and CEO in February 2019. Mike helped with the strategic sale of Manitoba Harvest for $419 million. 

In this episode, we discuss:

• What the secret is to create a multimillion-dollar company from a mere idea

With hosts, wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matthew McElroy tune in to this week’s episode of The Free Retiree Show. To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

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CAREER ADVANCEMENT EDITION

For the ordinary American, side hustles are becoming more common than ever before. According to the New York Post, Bankrate.com discovered that over 44 million Americans work side jobs. That means that out of every ten working-age persons, at least two of them earn multiple incomes each month. What is the significance of this? Because if you are not one of the 44 million, you are missing out on some significant benefits.

Most people think of a side hustle as simply another job - something they do in addition to their 9-5 in order to make a little extra money. But that's not what a side hustle should be viewed as. A side hustle should be seen as an opportunity to improve your financial situation, advance your career, or even start a new business.

There are many reasons why you might want to consider a side hustle. Maybe you're looking to pay off debt, save for a down payment on a house, or build up your emergency fund. Or maybe you're just looking for ways to make extra money so you can travel more or finally start that business you've always dreamed of.

Whatever your reasons, there are plenty of benefits to be had from working a side hustle. And there are great side hustles that will boost your income significantly. 

In this episode, we discuss how to find great side hustles to boost your income, evaluate your skills if it’s a potential side hustle, and more. Join us with Side Hustle Nation founder Nick Loper with hosts, wealth manager Lee Michael Murphy and career advisor Sergio Patterson. Tune in to this week’s episode of The Free Retiree Show.

To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

The Free Retiree Show Podcast Page

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TOP 20 RETIREMENT PODCAST OF 2022

CAREER ADVANCEMENT EDITION

It's no secret that the job market is tough right now. Every day, it seems like there are more and more graduates flooding the market with their freshly-printed resumes and Ivy League degrees, all vying for a limited number of spots.

So how can you make sure that your resume stands out among the rest?

One way to set yourself apart from the pack is to make sure that you're utilizing LinkedIn effectively. This social media platform is a great tool for networking and building relationships with potential employers. It can also help you to showcase your skills and experience in a way that sets you apart from other applicants.

So if you're looking for ways to improve your job prospects, be sure to take advantage of LinkedIn.

LinkedIn is a powerful networking tool that can help you connect with potential employers, industry experts, and other professionals in your field. By creating an effective profile and actively participating in groups and discussions, you can set yourself apart from the competition and increase your chances of landing the job of your dreams.

In this episode with Wizard of Odd Marketing Luke Matthews, we discuss how to use LinkedIn effectively to create unlimited job opportunities. From creating a profile that stands out, connecting with industry experts, and more, Luke will discuss the secret to standing out in a tough job market. 

Join us with Luke Matthews and hosts, wealth manager Lee Michael Murphy and career advisor Sergio Patterson. Tune in to this week’s episode of The Free Retiree Show.

To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

The Free Retiree Show Podcast Page

Honored to be mentioned in FeedSpot’s TOP 20 RETIREMENT PODCASTS OF 2022

MONEY MANAGEMENT EDITION

It can be tough to stay on top of the economy. Inflation is running out of control, rates are rising, and the market is very volatile. But don't worry, we're here to help you navigate your best investment options.

In this episode, we discuss investment themes to think about in this current environment. We'll discuss inflation, gas prices, and where you can invest your money now.

So what does the economy look like? Well, it's definitely a mixed bag. On one hand, inflation is running high. This means that goods and services are getting more expensive every day. From gas prices to daily necessities, prices just continue to rise. And on the other hand, interest rates are starting to rise as well. So it's a good time to think about various investment themes that you might want to think about.

Wealth manager Lee Michael Murphy discusses why it’s important to focus on value investing, investing in international stocks, real estate investment, and investing in clean energy.

In this episode we discuss:

Join us with wealth manager Lee Michael Murphy and co-hosts career advisor Sergio Patterson and attorney Matthew McElroy. Tune in to this week’s episode of The Free Retiree Show.

To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

The Free Retiree Show Podcast Page

Honor to be mentioned in the FeedSpot

TOP 20 RETIREMENT PODCAST OF 2022