Summary

In part two, Todd shares the essential ideas he believes every advisor and client should understand: the difference between savings and investments, why life insurance belongs in the "certainty asset" category, how cash protects against both gray and black swan events, and why net worth isn't the real target—cash flow and distribution are. The trio explores asset sequence, liquidity, and why small strategic changes over time outperform "swinging for the fences." If you want to advise more effectively, make smarter financial decisions, or reshape how you think about money and risk, this episode is the place to start.

Episode Highlights

00:00:14 - Conversation with Todd Langford.

00:02:00 - Investment vs. Savings.

00:04:54 - Certainty in Financial Strategies.

00:06:46 - Black Swan and Grey Swan Events.

00:10:39 - Importance of Distribution Phase.

00:13:32 - Growth at the Edge of the Coin.

00:15:31 - Casino Success vs. Financial Reality.

00:11:00 - Savings vs. Rate of Return.

Episode Resources

• sagewealthstrategy.com

• About Todd And The Financial Software

• Guest Name Todd LangfordGuest [email protected]

• Additional guest David Zapata [email protected]

Keywords

• Wade Borth podcast

• financial clarity

• financial life

• Todd Langford

• industry insights

• learner's mentality

• whole life insurance

• investment vs. savings

• certainty vs. uncertainty

• real estate market

• stock market

• asset integration

• financial strategy

• distribution phase

• net worth vs. cashflow

• financial advisors

• black swan events

• gray swan events

• financial risk management

• liquidity

• rate of return

• financial planning

• Robert Kiyosaki

• financial decisions

• financial growth

• strategic plan

• financial journey