The Whole Truth About Finances with Todd Langford - Episode 174

Todd Langford, one of the founders of The Prosperity Economics Movement, is interviewed by Spencer Shaw, who is the executive producer for this podcast. They discuss the whole truth of finances and dive into the Truth Concepts Software. In this thought-provoking conversation, important topics are brought up such as principles, the role of an advisor, and much more!  To learn more about the Prosperity Economics Movement http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode  Links and Resources from this Episode https://truthconcepts.com/  Show Notes What is Truth Concepts? - 1:23 There's a lot of untruths in the industry - 2:00 Some advisors do not get good training - 3:26 What's Truth Training? - 7:24 What happens if you do not have any training at all - 7:49 Understanding the time value of money - 11:02 We always have an interest cost - 12:13 Using financial calculators - 14:11 It is the advisor's responsibility to know the numbers - 17:04 Using the software to prove numbers are right - 17:38 The hardest concept for consumers - 18:37 Spencer's experience at Truth Training - 20:00 One of the biggest mistakes people make - 25:39 There's a difference between objective and method - 29:00 The power of certainty - 29:44 Risks that become an opportunity - 31:00 The definition of risk - 35:00 Principles become first! - 39:22 An exchange of value: doing your best for your client - 43:22 The importance of working with the truth - 44:43 The truth requires education - 45:03 We cannot rely on compliance - 51:33 What's a democracy? - 54:30 The US is designed to be a republic - 55:39 Having principles that you won't violate - 58:33 Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you’re subscribed to the podcast so you get the latest episodes. iTunes Spotify Stitcher RSS