Episodios

  • Ep. 199 | What Triggered the Market Sell-Off and How to React

    Ep. 199 | What Triggered the Market Sell-Off and How to React
    Aug 13 2024
    Welcome to The Financial Mirror! In this episode, we dive deep into the recent market sell-off that has everyone talking. From the key factors that triggered the downturn to the ongoing volatility and what lies ahead, we cover it all. Learn how the post-pandemic recovery, tech sector reliance, and shifting interest rate expectations contributed to this market shake-up. We'll also explore how algorithmic trading and herd mentality amplified the market swings, the impact on global markets, and what investors can expect in the coming weeks. Whether you're a seasoned investor or just getting started, this video provides actionable strategies to navigate the current market uncertainty and protect your portfolio. Key Topics: - What triggered the recent market sell-off- The role of the tech sector and investor complacency- How global events and interest rates are influencing the market- Practical strategies for rebalancing your portfolio- The importance of maintaining a long-term investment perspective Don’t forget to hit that subscribe button and turn on notifications so you never miss an update! If you found this video helpful, please give it a thumbs up and share it with others who might benefit. Let’s Discuss: How are you navigating the current market volatility? Share your thoughts in the comments below! Articles: https://indianexpress.com/article/explained/everyday-explainers/yen-carry-trade-stock-markets-crash-9498775/ https://www.reuters.com/markets/rates-bonds/fed-has-cut-rates-amid-stock-swoons-before-not-this-time-2024-08-08/ https://www.businessinsider.com/jobs-unemployment-interest-rates-economy-recession-soft-landing-2024-8 VIX Chart: https://finance.yahoo.com/chart/%5EVIX **Support the Stream By Shopping at Our Store** Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://thefinancialmirror.podbean.com/ If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ #investinyourself #personalfinance #financialempowerment #personalfinance #financialfreedom #finance #money #investing #financialliteracy #financialindependence #budgeting #debtfreecommunity #financialplanning #debtfree #financialeducation #debtfreejourney #wealth #financetips #business #budget #investment #entrepreneur #moneymanagement #moneytips #stockmarket #financialgoals #invest #motivation #debt #savings #moneymindset #savingmoney #success #marketselloff #stockmarket2024 #investingtips #financialplanning #marketvolatility #stockmarketanalysis #techstocks #portfoliomanagement #financialeducation #investsmart #economicoutlook #markettrends #investmentstrategies #globalmarkets #financialadvice #longterminvesting --- Support this podcast: https://podcasters.spotify.com/pod/show/thefinancialmirror/support
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    35 m
  • Ep. 198 | How to Test Drive Your Retirement: A 3-Step Guide

    Ep. 198 | How to Test Drive Your Retirement: A 3-Step Guide
    Aug 6 2024

    Are you ready to retire but feeling uncertain about taking the final step? In this episode, we’ll show you how to "test drive" your retirement with a simple 3-step guide. Learn how to calculate your retirement number, adjust your lifestyle to your retirement budget, and ease into retirement confidently. Discover a real-life story of someone who successfully made the transition and get practical tips to ensure you're fully prepared. Whether you're just starting to think about retirement or are almost there, this video is packed with valuable insights to help you plan your transition smoothly.

    Subscribe for more financial planning tips

    Like and share this video if you found it helpful!

    Leave a comment below with your thoughts or questions about retirement.

    References:

    • Vanguard Retirement Calculator: https://investor.vanguard.com/tools-calculators/retirement-income-calculator

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    If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/

    #Retirementplanning #Testdriveretirement #Retirementtips #Retirementnumber #Retirementbudget #Easingintoretirement #Financialplanningforretirement #Retirementtransition #Retirementguide #Financialplanning #Transitiontoretirement #Retirementreadiness #Retirementpreparation #Howtoretire #Retirementstrategy #Retirementsavings #Preparingforretirement

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    25 m
  • Ep. 197 | Why Renting Might Be Smarter Than Buying a House

    Ep. 197 | Why Renting Might Be Smarter Than Buying a House
    Jul 30 2024
    Description: Are you torn between renting and buying a home? Wondering if homeownership is the right move for you right now? In this video, we dive deep into the age-old debate: renting versus buying. Discover why renting might be the smarter choice for your financial situation and long-term goals. Key Topics Covered: The benefits of renting vs. buying a houseWhy renting can be financially savvyThe hidden costs of homeownershipWhen you should consider renting over buyingReal-life stories and practical advice Why Watch This Video? Understand the pros and cons of renting and buyingLearn how to make the best financial decision for your situationGet tips on preparing for homeownershipDiscover why renting might be the perfect choice for you right now Useful Resources: Are You Financially Ready for a Home: https://www.ramseysolutions.com/real-estate/financially-ready-to-buy-homeHow Much Rent Should I Pay: https://www.apartments.com/rent-affordability-calculator/Emergency Fund Calculator: https://www.nerdwallet.com/article/banking/emergency-fund-calculatorHow Much House Can I Afford: https://www.ramseysolutions.com/real-estate/how-much-house-can-i-affordPaying Off Home Beats Investing: https://youtu.be/pIUZTi7blh8?feature=shared Join the Conversation: Have you had experiences with renting or buying a home? Share your thoughts and stories in the comments below! Don’t forget to like, subscribe, and hit the notification bell for more personal finance tips. Follow Us: YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://thefinancialmirror.podbean.com/ Subscribe to the channel for more empowering content on personal finance, investing, and self-improvement. Don't miss out on the opportunity to unlock your true financial potential and live a life of abundance. It's time to invest in yourself and create the future you deserve! **Support the Stream By Shopping at Our Store** Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ #RentingVsBuying #InvestInYourself #PersonalFinance #FinancialEmpowerment #FinancialFreedom #Finance #Money #Investing #FinancialLiteracy #FinancialIndependence #Budgeting #DebtFreeCommunity #FinancialPlanning #DebtFree #FinancialEducation #DebtFreeJourney #Wealth #FinanceTips #Business #Budget #Investment #Entrepreneur #MoneyManagement #MoneyTips #StockMarket #FinancialGoals #Invest #Motivation #Debt #Savings #MoneyMindset #SavingMoney #Success #RealEstate #HomeBuying #PropertyManagement #HomeMaintenance #FirstTimeHomeBuyer #HouseHunting #RealEstateInvesting #Mortgage #HomeFinance #RentingTips #Homeownership #Landlord #Tenant #RealEstateMarket #FinancialAdvice #SmartMoney #HomeBuyingTips #InvestmentProperty #PersonalFinanceTips #DebtManagement #SavingForAHome #HomeBuyers #PropertyInvestment #HouseVsHome #RealEstateAdvice #RentVsBuy #RentingAdvice --- Support this podcast: https://podcasters.spotify.com/pod/show/thefinancialmirror/support
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    30 m
  • Ep. 196 | 3 Simple Steps to Finally Get Rid of Debt

    Ep. 196 | 3 Simple Steps to Finally Get Rid of Debt
    Jul 23 2024
    Are you struggling with credit card debt and feeling overwhelmed? You're not alone. In this video, we reveal the three simple steps you need to take to eliminate credit card debt for good. Key Points Covered: - The shocking truth about consumer debt in America - Why stopping the use of credit cards is crucial - How to create a budget that works for you - Effective strategies to focus on debt repayment - Building an emergency fund to stay debt-free By following these steps, you can take control of your finances and achieve financial freedom. It might be uncomfortable at first, but the benefits of being debt-free are worth it. Helpful Resources: Top 4 Budget Apps for 2024: https://youtu.be/g02nFuIYOJs?feature=shared How Big Should My Emergency Fund Be: https://youtu.be/HGWxu3Mi9TY?feature=shared 6 Steps to Creating an Emergency Fund: https://www.morganstanley.com/articles/how-to-build-an-emergency-fund Using Credit Card Locks: https://www.nerdwallet.com/article/credit-cards/card-lock-how-to-use-it-strategically Consumer Debt Research: https://www.experian.com/blogs/ask-experian/research/consumer-debt-study/ Why Debt Snowball Works: https://youtube.com/shorts/5PtQ0FmCd3M?feature=shared Get Out of Debt Series: Step 1: https://youtu.be/7Yawb6pY5jI Step 2: https://youtu.be/982L2aEazaQ Step 3: https://youtu.be/iD4QuXDJdu8 Step 4: https://youtu.be/SJpFW8_EsEY Subscribe to the channel for more empowering content on personal finance, investing, and self-improvement. Don't miss out on the opportunity to unlock your true financial potential and live a life of abundance. It's time to invest in yourself and create the future you deserve! **Support the Stream By Shopping at Our Store** Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://thefinancialmirror.podbean.com/ If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ #InvestInYourself #PersonalFinance #FinancialEmpowerment #personalfinance #financialfreedom #finance #money #investing #financialliteracy #financialindependence #budgeting #debtfreecommunity #financialplanning #debtfree #financialeducation #debtfreejourney #wealth #financetips #business #budget #investment #entrepreneur #moneymanagement #moneytips #stockmarket #financialgoals #invest #motivation #debt #savings #moneymindset #savingmoney #success #CreditCardDebt #DebtFree #FinancialFreedom #Budgeting #MoneyManagement #PersonalFinance #DebtRepayment --- Support this podcast: https://podcasters.spotify.com/pod/show/thefinancialmirror/support
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    29 m
  • Ep. 195 | Why Social Security Isn't Enough

    Ep. 195 | Why Social Security Isn't Enough
    Jul 16 2024

    Are you planning to rely on Social Security for your retirement? Think again. In this episode, we explore why it's risky to depend solely on Social Security and provide you with the essential steps to take control of your financial future. Join us as we uncover the secrets of personal retirement planning and the power of compound interest to ensure a secure and comfortable retirement.

    Key Points Covered:

    - The Reality of Social Security

    - The Importance of Personal Retirement Planning

    - How to Plan for Your Retirement

    - Practical Tips and Tools

    Don't wait until it's too late. Learn how to secure your financial future and enjoy a stress-free retirement. Subscribe to our channel for more valuable financial advice and tips, and make sure to share this episode with your friends and family!

    Subscribe to the channel for more empowering content on personal finance, investing, and self-improvement. Don't miss out on the opportunity to unlock your true financial potential and live a life of abundance. It's time to invest in yourself and create the future you deserve!


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    If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/

    #InvestInYourself #PersonalFinance #FinancialFreedom #Finance #Money #Investing #FinancialLiteracy #Budgeting #DebtFreeCommunity #FinancialPlanning #Wealth #FinanceTips #Investment #Entrepreneur #MoneyManagement #MoneyTips #StockMarket #FinancialGoals #Savings #MoneyMindset #Success #RetirementPlanning #CompoundInterest #RetirementSavings #SecureYourFuture #WealthBuilding #PassiveIncome #EarlyRetirement #FinancialWellness #FinancialSecurity #BuildWealth

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    30 m
  • Ep. 194 | Essential Tips for Creating and Sustaining Generational Wealth

    Ep. 194 | Essential Tips for Creating and Sustaining Generational Wealth
    Jul 9 2024
    Welcome to our latest episode on building generational wealth! In this comprehensive guide, we'll explore proven strategies and actionable steps to help you secure financial success for your family across generations. Whether you're just starting your wealth-building journey or looking to pass on a robust financial legacy, this episode covers everything you need to know. What You Will Learn: - The importance of understanding and defining generational wealth- Practical steps to create a solid financial foundation- Effective investment strategies to grow your wealth over time- The role of estate planning and why it’s crucial for wealth transfer- How to educate and mentor younger family members about financial management- Creating a family mission statement to guide financial decisions- Tips for maintaining open communication about money within the family By the end of this episode, you'll have a clear roadmap to ensure your family's financial stability and prosperity for generations to come. Don't miss out on these valuable insights and expert advice! For more detailed information and additional resources, be sure to check out our links in the description. Articles Discussed: https://www.forbes.com/sites/cicelyjones/2023/12/10/how-to-build-generational-wealth-in-six-steps/ https://www.ramseysolutions.com/retirement/legacy-drawer-keep-your-family-prepared https://www.forbes.com/sites/learnvest/2015/07/30/what-you-can-learn-from-the-1-about-keeping-family-wealth-going/ https://www.investopedia.com/everyday-activities-that-can-teach-financial-literacy-to-kids-5091909 Pay Off Your Mortgage Episide: https://youtu.be/pIUZTi7blh8?si=CpG25sjz7RFtF9g9 **Support the Stream By Shopping at Our Store** Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://thefinancialmirror.podbean.com/ If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ #InvestInYourself #PersonalFinance #FinancialEmpowerment #FinancialFreedom #Finance #Money #Investing #FinancialLiteracy #FinancialIndependence #Budgeting #DebtFreeCommunity #FinancialPlanning #DebtFree #FinancialEducation #DebtFreeJourney #Wealth #FinanceTips #Business #Budget #Investment #Entrepreneur #MoneyManagement #MoneyTips #StockMarket #FinancialGoals #Invest #Motivation #Debt #Savings #MoneyMindset #SavingMoney #Success #GenerationalWealth #LegacyPlanning #FamilyWealth #EstatePlanning #WealthManagement #WealthBuilding #MoneyTalks #WealthStrategies #RichLife #SmartInvesting #LongTermInvesting #FinancialSecurity #FutureWealth #MoneyMatters #WealthPreservation #BuildWealth #SecureFuture #FinancialHealth --- Support this podcast: https://podcasters.spotify.com/pod/show/thefinancialmirror/support
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    31 m
  • Ep. 193 | Is the 4% Rule Still Valid for Retirement?

    Ep. 193 | Is the 4% Rule Still Valid for Retirement?
    Jul 2 2024
    In this episode, we delve into the widely debated 4% rule for retirement withdrawals and question whether it remains a reliable strategy in today's economic climate. Originating from William Bengen's research in the 1990s, the 4% rule has long been considered the gold standard for retirees aiming to ensure their savings last. However, with changing market conditions and evolving financial insights, many are re-evaluating its effectiveness. We explore the origins of the 4% rule, its historical performance, and why it became so popular among financial planners and retirees. We also discuss the criticisms and limitations of this approach, considering lower bond yields and increased market volatility. Is a fixed 4% withdrawal rate still the safest bet, or do we need more flexible strategies? Join us as we discuss various perspectives, including Dave Ramsey's controversial 8% withdrawal rate and the potential of higher rates like 5% or 6%. We also cover the importance of adjusting for inflation to maintain purchasing power and ensure a sustainable income throughout retirement. Whether you're planning for retirement or advising others on their financial future, this episode provides valuable insights into making your money last. Don't miss out on this crucial conversation about the future of retirement planning and withdrawal strategies. Previous Video: Living Off Your Nest Egg: https://youtu.be/PDrv7NdI9FA?feature=shared Articles: https://www.thinkadvisor.com/2023/11/13/supernerds-unite-against-dave-ramseys-8-safe-withdrawal-rate-guidance/ https://www.britannica.com/money/4-percent-rule-retirement **Support the Stream By Shopping at Our Store** Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://thefinancialmirror.podbean.com/ If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ #InvestInYourself #PersonalFinance #FinancialEmpowerment #personalfinance #financialfreedom #finance #money #investing #financialliteracy #financialindependence #budgeting #debtfreecommunity #financialplanning #debtfree #financialeducation #debtfreejourney #wealth #financetips #business #budget #investment #entrepreneur #moneymanagement #moneytips #stockmarket #financialgoals #invest #motivation #debt #savings #moneymindset #savingmoney #success #RetirementPlanning #FinancialAdvice #4PercentRule #RetirementStrategy #RetirementSavings #RetirementIncome #WealthManagement #InflationAdjustment #MarketVolatility #InvestmentStrategy #FinancialEducation #SmartInvesting #RetirementGoals #FuturePlanning --- Support this podcast: https://podcasters.spotify.com/pod/show/thefinancialmirror/support
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    28 m
  • Ep. 192 | Save Big by Cutting Expenses

    Ep. 192 | Save Big by Cutting Expenses
    Jun 25 2024

    Are you tired of living paycheck to paycheck? Discover the secret to financial freedom by cutting down on everyday expenses! In this episode, we'll show you how eliminating small, seemingly insignificant costs can add up to significant savings over time. From daily coffee runs to forgotten subscriptions, these simple adjustments can help you build a surplus, pay off debt, and start saving for the future.

    In This Episode, You Will Learn:

    - The impact of small daily expenses on your budget.

    - Practical tips for identifying and cutting unnecessary costs.

    - How to track your spending using the best budgeting tools and apps.

    - Strategies to change your spending habits and develop a savings mindset.

    - Long-term benefits of saving and investing your surplus.

    Key Topics Covered:

    - Identifying Everyday Small Expenses

    - Understanding Hidden Costs

    - How Small Expenses Add Up

    - Practical Tips to Cut Costs

    - Changing Your Spending Habits

    - Creating a Surplus and Building Wealth

    By the end of this video, you'll have a clear understanding of how to manage your money better and start saving big by cutting out the little things. Don't forget to like, comment, and subscribe for more financial tips and advice!


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    If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/


    #InvestInYourself #PersonalFinance #FinancialEmpowerment #personalfinance #financialfreedom #finance #money #investing #financialliteracy #financialindependence #budgeting #debtfreecommunity #financialplanning #debtfree #financialeducation #debtfreejourney #wealth #financetips #business #budget #investment #entrepreneur #moneymanagement #moneytips #stockmarket #financialgoals #invest #motivation #debt #savings #moneymindset #savingmoney #success #SaveMoney #FinancialFreedom #BudgetingTips #FrugalLiving #MoneyManagement #PersonalFinance #DebtRepayment #SavingsTips #StopLivingPaycheckToPaycheck #WealthBuilding

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    31 m