In this episode, Mike discusses the pros and cons of using a Full Service Broker or an Online Discount Broker. He takes this somewhat mundane topic of choosing a path to investing with some ideas and thoughts to consider when taking the plunge in the market for the purpose of  building your wealth. 

He highlights the key points and advantages of using a full service broker or a discount online broker. He goes in-depth and provides analysis in four areas:

1. Customer service
2. Fees
3. Research tools and educational offerings
4. Investment tiers used by online brokers

If you're not using a full service or an online broker yet for investing in the market, this episode will give you some good nuggets to consider to help you make that decision.

Have a great day!

Mike Fetterman
Ramsey Solutions Financial Coach

PS. You can contact me via email at:  [email protected]  or  at my website
www.fettermanfinancialsolutions.com

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In this episode, Mike goes in depth about the dangers of risk and how to manage and mitigate these risks while investing. 

He covers this topic in four areas:  Lack of Knowledge Risk, Stock Market Risk, Portfolio Risk and Scam Risk. In his recap he also explains risk tolerance and risk capacity and how important it is to know about those areas and why even with all these risks, the best place to build wealth is in the stock market.

Mike is looking for recommendations for future topics to grow his podcast and to reach a broader audience. If you like what you're hearing and want to hear more, please share this with your friends and family and let him know your feedback by sending him an email at:

[email protected] 

To meet Mike and get a free coaching consultation, you can sign up at his website at:

www.fettermanfinancialsolutions.com

Thanks for your support! HAVE A GREAT DAY!!

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In this episode, Mike opens up a new chapter in his podcast by starting an "Investing Basics Series" to help investors of all stripes get a good foundation on what investing is and how to do it with success. 
 
Six key takeaways from today's episode:

1. Get educated, establish a plan that includes short and long term goals and enlist the help of an advisor where needed.

2. Save and invest early and often. It's the time in the market, not market timing that will help you build wealth.

3. Put your investments on paycheck withdrawal auto pilot, so you can enjoy the advantages of dollar cost averaging.

4. Keep your costs low by investing in Exchange Traded Funds (ETFs) when possible.

5. Diversify between stock and bond funds. Don't put all of your eggs in one basket.

6. Rebalance your allocations to avoid getting  too over weighted in any asset classes  to reduce risk. 

Have a great day!

You can reach me at:

www.fettermanfinancialsolutions.com
[email protected]
571-293-1076

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In this episode, Mike helps you dream big about being a millionaire and how to become one if you choose to. He talks about two books on this subject: Everyday Millionaires by Chris Hogan and the Next Millionaire Next Door by the father and daughter team of Dr. Thomas Stanley and Dr. Sarah Stanley Fallaw. Both books unpack the interesting insights into the lifestyles, behaviors and jobs held by the typical millionaire today. 

Mike uncovers some common myths, facts and statistics about how millionaires became millionaires. Some of these findings may surprise you! He also shares his thoughts about the importance of a good quality of life, having a plan to reach your goals and not comparing yourself to others based on money.

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July 2021

Show Summary:
My goal as a financial coach and with this podcast is to provide you with simple, practical strategies to help you gain control of your finances. Some future topics will include: Developing a Millionaire Mindset, Baby Boomer Basics, Learning How to Invest, and many more as my show gains traction.
Today's topic is Financial Scams.
In today's episode, Mike talks about the bad news of the dark side of money, some popular types of scams that scammers love to trick us with, and the good news of how we can protect ourselves.
Let's Stay in Touch
Please subscribe and spread the word about the "Winning with Money" podcast with family and friends who might be interested. I hope you'll continue to join me along the way.

If you have topic suggestions and any other feedback, you can reach me via email at [email protected]. All feedback will help me to learn and grow this service.  You can learn more about me, read my blog, and schedule a coaching consultation through my website at:  fettermanfinancialsolutions.com 
I'm grateful for your support.

Support the show

July 2021

Show summary: 

Welcome to the Winning with Money podcast. Although I get support from the Ramsey Solutions team, I'm on my own with my business in financial coaching. My goal as a financial coach and with this podcast is to provide you with simple, practical strategies to help you gain control of your finances. Each episode will usually last between 10 and 15 minutes. Just enough time to get the basics out to you to put some of my topic ideas into practice. I'll roll out a new podcast episode every other week most of the time.

Some future topics will include: Applying the Ramsey Solutions Baby Step Plan, Financial Scams, Developing a Millionaire Mindset and many more as my show gains traction. 

Today's topic is Getting your Financial House in Order.

I'll share 6 tips with you today. There are more, but these will help you get or stay on your path to financial freedom.

Tip Number 1:  Collect and organize your income and expense documents  

Tip Number 2: Review your savings, investing and retirement accounts

Tip Number 3: Automate your tracking, billpaying, investing and saving

Tip Number 4: Review your insurance policies 

Tip Number 5: Make a plan to get out of or stay out of debt

Tip Number 6: Review or set up goals

Tip Number 7: Reviewing your beneficiaries and updating your estate plan  

Please subscribe and spread the word about the "Winning with Money" podcast with family and friends who might be interested. I hope you'll continue to join me along the way. 

Let's Stay in Touch

If you have topic suggestions and any other feedback, you can reach me via email at [email protected]. All feedback will help me to learn and grow this service.  You can learn more about me, read my blog, and schedule a coaching consultation through my website at:  fettermanfinancialsolutions.com  
I'm grateful for your support.

Support the show

July 2021

Show Summary: 

My goal as a financial coach and with this podcast is to provide you with simple, practical strategies to help you gain control of your finances. Some future topics will include:  Financial Scams, Developing a Millionaire Mindset, Baby Boomer Basics and many more as my show gains traction. 

Today's topic is Building Your Financial Foundations with the Ramsey Solutions Baby Steps Plan.

Mike will share the Ramsey Solutions Seven Baby Steps Plan with you and how that could be just what you need to get your financial foundation in place. 

Baby Step 1:  Establish a Beginner Emergency Fund of $1000

Baby Step 2: The Debt Snowball

Baby Step 3: Build your Emergency Fund up to 3-6 months of expenses

Baby Step 3b: Saving for a down payment on a mortgage

Baby Step 4: Investing 15% of your Income 

Baby Step 5: College Funding

Baby Step 6: Paying off the Home Mortgage

Baby Step 7: Being Totally Debt Free while Continuing to Build Wealth

Let's Stay in Touch

Please subscribe and spread the word about the "Winning with Money" podcast with family and friends who might be interested. I hope you'll continue to join me along the way.

If you have topic suggestions and any other feedback, you can reach me via email at [email protected]. All feedback will help me to learn and grow this service.  You can learn more about me, read my blog, and schedule a coaching consultation through my website at:  fettermanfinancialsolutions.com  
I'm grateful for your support!

Support the show