A massive thank you, as always, to this week's sponsors:

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And on to the show notes!

Rebalancing gets treated like financial gospel.

Something you must do on a strict schedule, or else you’re somehow being irresponsible with your money.

In this episode, Tyler pulls that idea apart.

Yes, rebalancing matters — but it’s far less urgent, far less precise, and far less sacred than the financial industry wants you to believe.

This is a practical, anxiety-reducing look at what rebalancing actually is, when it’s worth doing, and when you can probably stop worrying and go live your life.

In this episode, Tyler breaks down:

Along the way, Tyler explains why rebalancing isn’t about hitting a perfect allocation, why most people exaggerate its importance, and why alignment beats optimization every time.

This episode isn’t about micromanaging your portfolio.

It’s about making sure your money still reflects your goals — and knowing when you can safely stop tinkering.

If you’ve ever wondered whether you should rebalance, whether it’s worth triggering taxes, or whether you’re overthinking the whole thing — this one’s for you.

And if the show has been helpful, leaving a quick review on Apple Podcasts or Spotify genuinely helps. It helps other people find the show and keeps it going.

As always, hope this gives you something useful to think about this week.

Here are some truly helpful resources from this week's sponsors:

First, the ONLY way I am able to make this much content, day in day out, is by feeling my best. Always. And that starts with my working out each morning and needing something that doesn't leave me feeling like I just ate four pounds of candy. Enter LMNT. It is literally the product designed for people like me: need the fuel, don't need the crash, game on. Check out LMNT today here.

And if you're looking to start 2026 with a bang, like, a "get my act together financially once and for all" type bang, check out Facet. They continue to practice what I preach, and they provide real advice from real experts for real people. Check them out today here.

And now on to this week's the show notes!

Most people say they believe in long-term investing.

In this episode, Tyler tackles one of the most common (and expensive) investing mistakes there is: sitting in cash while waiting for the “right time” to invest. The twist? That “right time” almost never shows up, and the data is brutally clear about what it costs.

Despite how uncomfortable it feels, buying stocks at all-time highs has historically been a perfectly reasonable — and often superior — strategy compared to waiting on the sidelines.

In this episode, Tyler walks through five reasons why staying in cash is costing you a fortune:

All-time highs are normal — markets hit them far more often than most people realize

Even terrible timing beats no timing — buying at the worst possible moments still outperforms sitting in cash

“This time is different” almost never is, no matter how convincing the headlines sound

Missing the best days destroys long-term returns, and those days often arrive during chaos

Doing nothing is still a decision — and it carries real risk

Along the way, Tyler breaks down decades of market history, real return data, and behavioral traps that convince smart people they’re being cautious when they’re actually sabotaging themselves.

This episode isn’t about ignoring risk or investing recklessly.

Markets go up. Markets go down.

If you’ve ever told yourself you’re “just waiting for a pullback,” this episode is for you.

And if this helped you rethink your approach — or finally get out of your own way — leaving a quick review on Apple Podcasts or Spotify genuinely helps. It helps other people find the show and keeps this whole thing moving.

As always, hope this gives you something useful to think about this week.

For those of you looking for more helpful resources, check out the amazing companies that make this endeavor in free financial literacy possible:

1) If you are running small business and DON'T want to make your taxes yet ANOTHER small business, check out Gelt today. They can help small business owners and high net worth individuals who are looking for strategy beyond filing.

2) And if you are tired (as I was for WAY too many years) of paying rent and feeling as if you were getting nothing in return, check out Bilt, and consider joining their renters' loyalty program. It is an amazing way to -finally- get something back after years of feeling like you're throwing money towards someone else's equity.

Most people spend a lot of time obsessing over what to invest in.

Very few people think seriously about where those investments should live — and that mistake can cost you tens of thousands of dollars over a lifetime.

In this episode, Tyler breaks down account placement strategy — the unglamorous, aggressively unsexy topic that quietly determines how much of your money you actually get to keep. Because just like real estate, with investing it’s all about location, location, location.

This isn’t about finding the perfect fund.

In this episode, Tyler covers:

The three main types of investment accounts — tax-deferred, tax-free, and taxable — and what each one is actually for

Why taxes matter more than most people realize, and how bad account placement creates avoidable tax bills

Which investments belong in retirement accounts (and which absolutely don’t)

How access and liquidity should shape where your money lives, especially if you want flexibility before retirement

Why volatility feels different depending on the account, and how to use that to your psychological advantage

Real-world examples showing how small placement changes can save real money over time

Along the way, Tyler explains why “max everything and figure it out later” isn’t always smart, how over-locking money can quietly limit your life choices, and why the goal isn’t tax perfection — it’s alignment.

Alignment between your accounts, your investments, your time horizon, and the life you actually want to live.

This episode isn’t about optimizing every dollar with spreadsheets and IRS tables.

Put tax-inefficient investments where they’re protected.

And stop throwing money into random accounts and hoping it works out.

If this episode helped something click — or made you realize you might want to move a few things around — leaving a quick review on Apple Podcasts or Spotify genuinely helps. It helps other people find the show and keeps this whole project going.

As always, the goal isn’t perfection.

Hope this gives you something to think about this week.

This week's helpful resources: Fabric (term life) and Gelt (small business taxes).

Term life insurance sits at step three in my financial order of operations—before your emergency fund—because if something happens to you, it becomes the emergency fund for everyone you leave behind. Get covered in ten minutes at meetfabric.com/tyler.

If you're a small business owner or high net worth individual, finding the right tax partner isn't optional—it's the first domino that determines whether you keep your money or hand it to the IRS. Start with a free consultation at joingelt.com/tyler.

And now back to the show(notes!) :)

Most investing mistakes don’t feel like mistakes while you’re making them. They feel reasonable. Sometimes they even feel responsible.

In Part 2 of this behavioral economics series, Tyler moves past the “greatest hits” and into the deeper, quieter biases that don’t get talked about as much — but are still quietly wrecking portfolios day after day.

Think album tracks, not radio singles. If Part 1 was Madison Square Garden, this episode is the smaller venue where the real damage happens.

In this episode, Tyler breaks down five lesser-known behavioral biases:

The Disposition Effect — why we sell winners too early and cling to losers too long

The Ostrich Effect — how avoiding uncomfortable information can sabotage your plan

Mental Accounting — why treating dollars differently based on where they came from is costing you real returns

The Gambler’s Fallacy — how seeing patterns in randomness leads to terrible timing

The Action Bias — why doing something often feels better than doing the right thing (which is usually nothing)

Along the way, Tyler explains why these behaviors feel correct in the moment, why willpower doesn’t fix them, and why most investors don’t need better predictions — they need better systems.

Automation. Rules. Fewer decisions. Less fiddling.

This episode isn’t about becoming more active or more sophisticated. It’s about accepting a hard truth: successful investing is supposed to be boring. If it’s exciting, you’re probably paying for that excitement with your returns.

If this episode helped you recognize one habit you need to break — or one urge you need to stop indulging — leaving a quick review on Apple Podcasts or Spotify genuinely helps. It helps other people find the show and keeps this whole experiment going.

Until next time, remember: the best investors aren’t the smartest. They’re the ones who do the least amount of dumb stuff.

Here are a few helpful resources from the people who support this show and keep it free for you. Always. 

If you’ve ever wondered whether you’re doing “fine” with your money or just hoping future-you figures it out, Facet sets you up with a team of expert CFP® professionals who look at your entire financial life — not just your investments, and not just the parts that are fun to talk about at dinner parties. No commissions. No product pushing. Just real advice for one flat annual membership fee. 

If you're interested in heading into 2026 with a real financial plan from real experts, check out Facet today, here.

--

Most people don’t lose money because they pick terrible investments. They lose money because they’re human.

In Part 1 of this two-part series on behavioral economics, Tyler walks through the five most common psychological biases that quietly, systematically sabotage investment returns — even when you’re invested in low-cost index funds and “doing everything right.”

This episode is about the stuff that happens between your ears. The mental shortcuts. The overreactions. The stories we tell ourselves after the fact.

In this episode, we cover:

Why overconfidence makes investors trade more and earn less

How recency bias convinces us that whatever just happened will keep happening

Why we overvalue the investments we already own (even when we shouldn’t)

How loss aversion turns normal market volatility into bad decisions

Why hindsight bias makes the past feel obvious and the future feel predictable (it isn’t)

This isn’t about being smarter than the market. It’s about building systems that protect you from your own instincts — automation, diversification, fewer decisions, and a little less checking.

If the show has helped you think differently about money — maybe even made you laugh while doing it — please take 30 seconds to leave a review on Apple or Spotify. It helps more than you think and keeps this whole experiment in free, digestible financial literacy alive and well.

Here are a few helpful resources, from those who continue to make this show possible for and accessible to you. Visit them today to learn more!

To experience what you've been missing by paying rent without getting some amazing rewards along the way, check out how Bilt can help you, here.

And if you're like me and have started a small business and don't want to make managing your taxes your SECOND business, explore Gelt today, here.

There’s something oddly therapeutic about deciding what not to do with your money next year. Like a financial New Year’s resolution — but with fewer spreadsheets and way less kale.

In this episode, Tyler flips the usual “5 things millionaires do” format on its head and shares the five things he refuses to do with his money in 2026. From why he won’t pay off his mortgage early to why high-yield savings accounts aren’t the financial flex you think they are, this episode is all about resisting motion for motion’s sake and reclaiming simplicity in a culture obsessed with doing more.

You’ll learn:

Why not paying off your mortgage early can actually make you money (hint: opportunity cost).

Why high-yield savings accounts aren’t as “safe” or “smart” as they seem — and what to use instead.

The trap of saving or investing just to feel responsible, and how to reconnect your money with purpose.

Why spending for the sake of deductions is just expensive procrastination (and how to stop doing it).

How to keep your portfolio simple — and why complexity almost always costs more than it earns.
Tyler reminds listeners that real wealth isn’t about doing more — it’s about doing less, better. This is your invitation to create your own “Not To Do” list for 2026: the habits, purchases, and pressures you’re done with.

If the show has helped you think differently about money — maybe even made you laugh while doing it — please take 30 seconds to leave a review on Apple or Spotify. It helps more than you think and keeps this whole experiment in free, digestible financial literacy alive and well.

If you’ve ever wondered how to invest $2 million—or any substantial portfolio—without losing sleep, this episode is for you. I break down a simple, historically backed approach: 90% in stocks (VOO/VTI), 10% in a money market fund (SPAXX). This allocation maximizes growth, keeps volatility manageable, and allows you to spend confidently.

We challenge conventional wisdom: the 4% rule is too conservative for most retirees. With disciplined withdrawals of $120k–$200k per year, your portfolio can keep pace with inflation, fund meaningful experiences, and still grow over time. Think of it as the financial equivalent of having your cake, eating it, and watching it regenerate.

We also tackle the psychology of spending: most retirees underspend, living smaller than necessary due to “consumption gap anxiety.” Intentional withdrawals for travel, family experiences, and “bucket list” adventures can bring more lasting happiness than accumulating wealth alone.

Historical context matters: even through market crashes—2008, 2020—you can maintain your lifestyle using a 10% cash buffer. Percentages matter more than principal; the strategy scales from $500k to $20M.

And if it's good enough for Buffett's estate...it's good enough for me.

Key Highlights:

Percentages over principal: 90/10 allocation works for nearly any portfolio size.

Withdraw confidently: $120k–$200k/year supports lifestyle while portfolio grows.

Spend for experiences: vacations, relationships, and quality of life matter more than hoarding.

Liquidity is your friend: 10% in cash lets you ride out crashes without selling stocks.

High-stakes bingo: later in retirement, increase withdrawals for “once-in-a-lifetime” experiences.

Resources and research mentioned in this episode:

William Bengen, 4% Rule (1994)

Michael Kitces on dynamic withdrawals

Wade Pfau, Safety-First Retirement Planning

Bill Perkins, Die With Zero

David Blanchett, Retirement Spending Smile

If this episode helps you feel more confident about using your money to live well, consider leaving a review on Apple or Spotify. Your feedback helps keep this financial literacy experiment alive.

And if you're still feeling stuck and are looking for expert advice for a flat annual membership fee, check out this episode's sponsor, Facet, by going to facet.com/tyler

Not all “no-income-tax” states are created equal—and some of the states you’ve been avoiding might actually be financial hidden gems. In this second installment of our two-part series on retirement locations, we dive deep into the numbers behind effective tax rates, deductions, and exemptions, revealing which states quietly reward retirees and which can quietly drain your life savings.

Highlights from this episode include:

The Unexpected Winners: Iowa, Pennsylvania, and New Jersey come out on top for tax efficiency. Yes, New Jersey can be a retirement hero under the right circumstances.

The Surprising Losers: Oregon, Minnesota, Hawaii, and New Mexico might make your retirement dream feel expensive, despite gorgeous scenery or “low-tax” branding.

Marriage Matters: Married couples can save up to six percentage points in taxes—enough to turn a modest nest egg into a significantly more comfortable retirement.

Why Effective Tax Rate is King: Forget slogans and state income tax lists. The only number that really matters is what you actually pay after all deductions, exemptions, and costs are considered.

But beyond taxes, and this is primarily why I made this a two-parter, we explore why happiness, community, and lifestyle often matter more than the spreadsheets. Retiring in a state just because it looks cheap might save you a few dollars but cost you your sense of home. The best retirement state balances financial security with quality of life.

If you enjoyed this episode, leave a review on Apple Podcasts or Spotify, or share it with a friend planning their retirement. And if you missed Part 1, we highly recommend listening to last week’s episode to get the full story on The Great Tax Mirage and why “no state income tax” can be misleading.

And if you're interested in learning more about this week's sponsors, the amazing companies who allow this free content to get to you week after week after week, check them out here:

For the single best electrolytes drink I have found to drive and sustain my energy on a daily basis:

drinklmnt.com/tyler

And for those small business owners who are as overwhelmed as I am about learning the ins and outs of optimizing our taxes:

joingelt.com/tyler

Everyone will tell you to move to Florida or Texas to retire tax-free. But the truth? Taxes are more complicated than a “No State Income Tax” billboard. In this first part of a two-part series, we unpack The Great Tax Mirage and reveal why some so-called high-tax states like New Jersey, Pennsylvania, and Iowa may leave retirees with more money in their pocket than the sunny paradises they’re fleeing.

We dive into Fidelity’s latest study modeling retirees withdrawing $100,000 a year from an IRA and show how effective tax rates—what you actually pay after exemptions and deductions—can dramatically flip conventional wisdom on its head. For example, a couple retiring in Oregon might pay close to 13% in effective taxes, while a move to Iowa could drop that number to 7.5%, potentially growing tens of thousands of dollars over a decade.

We also explore the underrated power of marriage in retirement planning. Married couples filing jointly can save around six percentage points on combined federal and state taxes versus singles—enough to add tens of thousands of dollars to a nest egg over ten years.

Key takeaways from this episode include:

Whether you’re dreaming of beaches, cornfields, or just a comfortable, worry-free retirement, this episode will change the way you think about where your money—and your life—goes next.

Part Two drops next week, where we’ll rank the best and worst states for retirees, explore the real impact of marital magic, and dig into other often-overlooked factors that matter more than taxes when choosing where to spend your golden years.

If you enjoy the show, please leave a review on Apple Podcasts or Spotify and share it with a friend who’s plotting their retirement escape. It helps more than you know—and makes sure that no one accidentally retires somewhere that quietly nibbles their nest egg.

This is part two of our financial order of operations series.

In part one, we covered the non-negotiables—the oxygen mask, debt payoff, insurance, and the foundation of every real financial plan. This week, we get into the gray areas. The places where conventional wisdom isn’t just outdated—it’s expensive.

Here’s what we cover:

7️⃣ The Emergency Fund Myth
You’ve heard it before: “Keep six months of expenses in cash.” The problem? That advice was built for a world where savings accounts paid double-digit interest. Today, it’s fear-based and mathematically backward. Most people will go years without a true financial emergency, and keeping $20,000 in cash for a maybe costs far more than it saves. Learn how to balance liquidity with growth without putting your future on pause.

8️⃣ The Taxable Brokerage Account Advantage
Once you’ve maxed your Roth IRA, captured your 401(k) match, and funded your HSA, it’s time to open a taxable brokerage account. This is your flexibility play—your bridge between today and retirement. Access your money anytime, invest in low-cost index funds, and take advantage of long-term capital gains rates that beat most income taxes.

9️⃣ The Right Way to Think About Debt
Debt isn’t moral—it’s mathematical. If your rate is above 5%, pay it off first. If it’s below 5%, investing probably wins over time. But if it’s keeping you up at night, pay it off anyway. Personal finance is personal—and peace of mind compounds, too.

🎯 Bonus: The 20-Minute “Tiered Pricing” Hack
Call your phone, internet, and streaming companies once a year. Tell them you’re considering canceling. Decline their first “special offer,” and watch the discounts appear. It’s the modern coupon—no scissors required—and it can save you $1,000+ a year to redirect into your investments.

At the end of the day, this two-part series gives you a complete, math-first roadmap for building wealth that lasts. It works whether you’re starting out or managing seven figures.

And if you're interested in learning more about this week's show sponsor, Facet, check out facet.com/tyler today to learn more!

🎧 Listen now wherever you get your podcasts.

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