The John Chapman Show Podcast

John talks with Anthony Park, an attorney and professional executor in New York, about the process of settling an estate once a loved one passes away. Anthony explains how the probate process works and the difference between a Will and a Trust. Anthony also talks about some of the most important factors to consider when creating an estate plan and some major pitfalls to avoid. 

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John talks with Marc Glickman, the CEO of Buddyins.com, which is an online community of Long Term Care experts providing education and insurance solutions. During the conversation Marc talks about his unique background as both an actuary with the insurance companies and later as a LTC insurance agent. Marc shares that an estimated 40 million Americans will be impacted with taken care of an elderly loved one and that most families have no plan in place to deal with aging family members and managing the cost of care. Marc also talks about how LTC policies work in practice and when you should consider getting insured. Be sure to check out his website www.buddyins.com to get in touch with a local agent who specializes in long term care.

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John talks with Kan Ta, Executive Partner at Binc, a recruiting firm serving many of the top tech companies in the Bay area with hiring the best candidates to build an amazing team. Kan talks about how successful job seekers "run toward" a new job, a opposed to "running away" from their old job. Kan also explores how to compare job opportunities at small and large companies, and evaluate the different equity compensation options. Kan finishes by talking about the shifting landscape for employers and job seekers in 2020 and beyond. 

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After the worst trading week since 2008, John interviews WorthPointe's CEO, Christopher Van Slyke, to discuss the recent market events and the impact on investment portfolios. Christopher and John talk about the market history and past events that have rocked the market. They also talk about what actions you should consider with your investments and how that relates to achieving your longterm goals.

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Tax expert Jeff McNerney joins John to talk about demystifying some misconceptions about working with a CPA and highlights the importance of having an expert financial team. Jeff also talks about some challenges and opportunities for W2 employees and Small Business owners. They also briefly about gifting rules, inheritance taxes, and the power planning for the future.

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John speaks with disability insurance expert, Robert Clark, about his background and how his family was uniquely impacted by having disability insurance. Robert also talked about some of the basics for both corporate employees, and high income individuals on how they can protect themselves in case of disability. While it's easy to overlook this type of insurance, Robert captures why having disability insurance is absolutely critical in a financial plan. 

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John interviews Robert Farrington, who runs the very popular website, CollegeInvestor.com, and is one of America's leading experts in understanding the full scope of student loan debt. On the show they talk about how we as a culture ended up at this point, with over $1.5 Trillion in student loan debt outstanding. Also, Robert shares some times for parents with kids who are thinking about college in the future and the strategies for understanding what money is available. As well as what post grads should do if they find themselves in a lot of student debt after college.

Episode Highlights:

• Robert Farrington talks about his background and why understanding student loans has been such a meaningful topic to him.
• How does Robert believe that we have arrived at this massive college loan debt problem?  
• What are some dos and don’ts for parents that have kids preparing to pay for college? 
• Set college financing expectations between parents and students early. 
• What are some ways to pay for college before loans? 
• College is an investment and we need to think of school as needing a return-on-investment.   There are alternative education options for students for whom college may not be an appropriate option. 
• Community colleges for the first two years can keep costs down. 
• Robert Farrington talks about FAFSA application process for scholarships and grants. 
• How should the average 25-30-year-old do to prioritize repaying their student loans?  
• Repaying your student loans is the best thing you can do. Your income will get better. 
• How should students approach the income-driven repayment plans?
• Take ownership over your college loan repayment strategy.  

3 Key Points:

1. There is almost $1.6 trillion dollars in college loan debt. 
2. Before taking out loans for college, first consider: parents saving, kids saving, college savings plans, scholarships, grants, work study programs and fellowships, 
3. Community college transfers are actually the highest graduation rate from a four-year college by like 10% more, with an almost 78% graduation rate. 

Tweetable Quotes:

• “I started the College Investor when I was done with college. I really wanted to talk about investing and other money topics. But then I was one of these student loan borrowers that started having issues.” – Robert Farrington
• “As long as there is the ability to borrow limitless dollars to pay for college, colleges can raise the price to pay for things and pass that cost onto students.” – Robert Farrington
• “By the time they are in 9th or 10th grade, they should have a clear picture on what mom and dad are going to pay for college and what is expected of them.” – Robert Farrington

Resources Mentioned:

• Linkedin: John Chapman
• Robert Farrington: Linkedin
• The College Investor: thecollegeinvestor.com
• StudentLoans.gov: studentloans.gov
• LoanBuddy: loanbuddy.us

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John interviews Alexis Haselberger, a time management and productivity coach, to learn about her professional development, working in HR and operations to starting her own consulting business. We talked about her process for coaching individual clients, and she shares some best practices for getting organized and getting tasks completed. Do not miss today's episode!

Episode Highlights:

• Alexis Haselberger talks about her early career and her ability to manage time. 
• What were her early ways of assisting others with time management?  
• What type of education resources was Alexis taking advantage of? 
• At what point did Alexis Haselberger build up the business side of her time management abilities? 
• How does Alexis customize her training to individuals?  
• What is an example of a type of client she has been able to help?   
• How can we handle our distractions that can pull us away from work?   
• The prioritizing system that Alexis recommends is platform system agnostic.  
• She breaks down the power of capture, prioritize, act, and document. 
• How does she build flexibility into their task management system? 
• The stuff you got done today is more important than the stuff you didn’t get done. 
• Have a realistic amount of time for taking breaks.  

3 Key Points:

1. Alexis starts individual training with getting to know who the person is as they already are. Then she customizes the training to that person incorporating the constraints and needs they have.   
2. When Alexis is working and is having an unrelated thought that could potentially take away her concentration, she writes it down with a checkbox next to it if it is a to-do item.
3. The four steps to manage your time to get tasks done are: capture, prioritize, act, and document. 

Tweetable Quotes:

• “Never work more than 40 hours a week because then they will expect it.” – Alexis Haselberger (Alexis Haselberger’s mother)
• “You are best at your work when you have time off, right? When we are working 16 hours a day, we are not actually very effective. I think the studies show that after about 6 hours or so, we are just not that effective.” – Alexis Haselberger
• “In my business, I have a couple of buckets. I have individual training. I have group coaching and then I have corporate workshops.” – Alexis Haselberger

Resources Mentioned:

• Linkedin: John Chapman
• Alexis Haselberger: Linkedin
• Alexis Haselberger’s Website

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John interviews Rocky Lalvani, Financial Coach at Richer Soul, Profit First Professional, Fractional CFO at Profit Comes First, Principal at Lalvani & Associates, Real Estate Investor at MLFRC, and Partner at RADFRC. Rocky Lalvani explains growing up in an immigrant family in New Jersey, how he got unstuck from an unfulfilling definition of success and began living life with a richer soul, mastermind groups, and ways to step up your networking game. 

Episode Highlights:

• Rocky Lalvani shares where he grew up and what money was like in your household. 
• What was it like being an immigrant growing up in New Jersey? 
• What money-related conversations did Rocky overhear when he was young? 
• Rocky Lalvani talks about having a T. Rowe Price account and chasing the American Dream. 
• How did Rocky Lalvani transform to focusing on having a richer soul? 
• How do you know that you are living your own definition of success?  
• In what ways does Rocky encourage his children to know the options of career paths without being too forceful?  
• What is a great way to network with people far ahead of your current career status? 
• What does being a financial coach look like to Rocky?  
• How do you narrow down your opportunities?  
• When the values are clear the decisions are easy. 
• What does an optimal situation look like for a good mastermind group? 
• What would Rocky Lalvani say to someone that is pushing to build up their wealth? 

3 Key Points:

1. Automate your savings to build your financial portfolio. 
2. When teaching your children how to handle finances, give them the chance to fail.  
3. Every week reach out to people that are 5-10 levels ahead of you in your industry and pick their brains.   

Tweetable Quotes:

• “I’m naturally thrifty. So, I negotiate everything. I save money. I got out of college with no debt. I figured out how to pay for college while going through college.” – Rocky Lalvani
• “If you expect your kids to be able to handle wealth, you have to teach them how to do that when they are young, and you teach them by giving them money and letting them make choices.” – Rocky Lalvani
• “Someone buys bigger, better and now you start to say, ‘I need bigger better,’ and you get on that whole hamster wheel. It just got to be crazy. What I wanted more so was freedom. Time freedom and financial freedom.” – Rocky Lalvani

Resources Mentioned:

• Linkedin: John Chapman
• Rocky Lalvani: Linkedin
• Richer Soul: richersoul.com
• Profit Comes First: profitcomesfirst.com

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John interviews Dr. Loretta Breuning, Founder of the Inner Mammal Institute, Author of Habits for a Happy Brain and The Science of Positivity. Dr. Loretta Breuning explains why humans are wired to promote survival over happiness, good and bad brain chemicals, breaking bad habits, and valuable advice on how not to take things for granted and understand how our inner mammal brain really works to live a happier life. 

Episode Highlights:

• Dr. Loretta Breuning introduces herself. 
• What are some of the prevailing thoughts that she once held to be true?
• What were some of her early days like in her work? 
• Dr. Loretta Breuning shares ways we are wired to promote survival over happiness. 
• What are some of the good and bad chemicals in our brain that we should be aware of and their effects?  
• Why does Dr. Loretta Breuning call serotonin the ‘one up feelling?’
• What do we do to ourselves when we don’t understand our own brain?
• What are endorphins, which are triggered by real pain? 
• What does it take to break a bad habit to rewire our brain?
• Dr. Loretta Breuning  shares ways to not taking things for granted.

3 Key Points:

1. ‘Niceism’ is the idea that if you are nice to other people they will be nice to you...which is not true. 
2. We are designed to promote survival over happiness.
3. A habit is the expectation of a reward and an expectation is a real physical pathway.   

Tweetable Quotes:

• “I settled on the brain chemistry of animals because it was so surprising to me that our good feelings, our motivations, come from brain chemicals that are the same in animals and are managed by the same brain structures.” – Dr. Loretta Breuning
• “If you put on iron in the fire, then you know in 100 days you will have 100 irons in the fire. And everyday one of them will heat up but you can't predict which one.” – Dr. Loretta Breuning
• “We’re all wired by our past pain and what makes us different from animals is the human cortex can anticipate future consequences. So, anything that hurt us in the past, we anticipate that so we can avoid it.” – Dr. Loretta Breuning

Resources Mentioned:

• Linkedin: John Chapman
• Dr. Loretta Breuning: Linkedin | YouTube
• Inner Mammal Institute: innermammalinstitute.org
• Book: Habits for a Happy Brain by Dr. Loretta Breuning
• Book: The Science of Positivity by Dr. Loretta Breuning

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