Episodes

  • AI vs. 90’s Tech Bubble: Lessons for Smart Investing

    AI vs. 90’s Tech Bubble: Lessons for Smart Investing
    Apr 24 2024
    Dive into the parallels between today's AI hype and the late 90's tech bubble. Discover similarities, differences, and valuable lessons for investors. Explore how historical trends can guide us in making smarter investment decisions amidst the current AI craze. Episode Highlights: AI's transformative potential, economic disruptions, and cybersecurity risks, balancing its benefits with potential drawbacks. The true cost of technology, particularly AI and its impact on the job market, including potential job losses. Energy usage and carbon footprint of AI platforms like ChatGPT, alongside the resource requirements of electric vehicles and AI technology. The adverse impacts of technology on social behavior, productivity, and the risk of dependency, prompting the necessity for a 'tech detox.' The speed of market transactions, the shift to decimal stock prices, blockchain technology, and the environmental impact of AI and digital technology.
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    Less than 1 minute
  • Generational Money Perspectives

    Generational Money Perspectives
    Apr 12 2024
    In this video, we'll explore how different generations view and manage money based on their historical experiences. From The Silent Generation to Gen Z, we'll discuss the unique perspectives each generation brings to money management.
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    45 mins
  • How To Tell if a Mutual Fund Is Decent

    How To Tell if a Mutual Fund Is Decent
    Apr 8 2024
    Curious about mutual funds? In this video, we dive deep into the structure of mutual funds to help you understand them better. So many options, but we've got you covered!
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    Less than 1 minute
  • Transform Your Finances with a Financial Coach

    Transform Your Finances with a Financial Coach
    Mar 25 2024
    Are you struggling to make financial decisions? A financial coach can help you reach your financial goals and reduce financial stress. Find out if a financial coach is right for you in this video! In this episode, you will learn the following : Human aspect of financial advising and the importance of personalized coaching. The transformative impact a financial mentor can have on an individual’s success. Significance of strategic advisory teams and the concept of having a personal ‘board of directors’ for different aspects of life. A holistic financial advice that encompasses taxes, legacy and trust planning is important. Value of tailoring a coach’s approach to the individual needs of clients for optimal growth. Role of third-party expertise in business and how it can contribute to monumental growth and avoidance of pitfalls. Building a strong professional network and being selective in choosing experts who can communicate effectively is necessary. VIEW FULL EPISODES ON YOUTUBE!
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    Less than 1 minute
  • The Ultimate Guide: Roth vs Traditional IRA

    The Ultimate Guide: Roth vs Traditional IRA
    Mar 18 2024
    Confused about which retirement account is best for you? In this video, we break down the differences between Roth IRAs and Traditional IRAs, covering key details and considerations to help you make the best decision for your financial future. Watch now to become an expert on Roth vs Traditional IRAs! In this episode, you will learn the following : ● Distinguishing between traditional and Roth IRAs, their tax implications and the significance of rolling over these accounts. ● The IRA contribution rules, emphasizing that one must have earned income to contribute. ● The importance of maximizing catch-up contributions for those over 50. ● The need to stay current with regulations that adjust for inflation and the changing ages for required minimum distributions (RMDs). ● The significance of keeping track of non-deductible IRA contributions, which can affect your tax situation upon withdrawal. ● The five-year rule for Roth IRAs, explaining that both contributions and conversions to a Roth IRA must satisfy a five-year holding period to avoid penalties. ● The estate planning considerations. ● The unique benefits of Roth IRAs in estate planning. VIEW FULL EPISODES ON YOUTUBE!
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    Less than 1 minute
  • Mistakes With Money In Motion

    Mistakes With Money In Motion
    Mar 11 2024
    Have you checked to ensure your beneficiaries are up-to-date? Is your life insurance under the correct spouse? Should you consider gifting assets and cash, or allow heirs to inherit? Are your assets titled in the name of your trust? Do you need a trust, and how does it differ from a will? Is a Roth Conversion the right choice for me? What exactly is a backdoor Roth? Should I convert my home into a rental? Mistakes can be costly, so tune in now for tips, tricks, and everything in between. In this episode, you will learn the following: Understanding how life insurance policies are included in the estate value is essential. If not managed correctly, life insurance can lead to taxable events. Trusts can help manage estate tax exposure but do not eliminate tax obligations. It’s essential to fund a trust by retitling assets. Common mistakes in financial planning can lead to significant tax bills and legal complications. There’s a need for accurate financial knowledge and the value of seeking professional advice to avoid errors. Strategic planning is necessary to manage estate taxes and preserve wealth within families. Demystification of the backdoor Roth IRA strategy which allows high earners to maximize their retirement savings despite income limits on traditional Roth IRAs. The critical role of precise knowledge and the benefits of having a professional financial advisor.
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    Less than 1 minute
  • Unlock the Secrets of Factor Investing!

    Unlock the Secrets of Factor Investing!
    Mar 8 2024
    Discover the various methods and approaches to market analysis in this insightful video. Learn all about factor investing and how it can enhance your investment strategy. Dive deep into the world of investment evaluation and broaden your financial knowledge today! In this episode, you will learn the following : The basics of factor-based investing and how it differs from asset class categorization. The relationship between risk and expected rates of return using personal credit as an analogy. The three-factor model which includes market capitalization, value versus growth investments and the book to market ratio. How different investment factors such as beta, value and quality impact the volatility and potential returns of a stock. The concept of the cost of capital, interest rates and their effects on consumers, businesses, and government spending. A comparison of how different sectors like technology and consumer staples deal with economic fluctuations. The importance of having a strategy to weather financial storms.
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    Less than 1 minute
  • When Should Savers Stop Saving?

    When Should Savers Stop Saving?
    Feb 26 2024
    There seem to be two kinds of people in the world - spenders and savers. Spenders usually need to learn how to save. But when is the right time for savers to spend? If you're never going to spend the money, what kind of impact could you have? David and Justin tackle this question and more in this episode of True Wealth. In this episode, you will learn the following : The psychological barriers that prevent individuals from enjoying their finances. Financial industry's emphasis on wealth accumulation over strategic spending. The balance between enhancing one's lifestyle in retirement and planned giving to personal interests and charities. Strategies for managing retirement income, including safe withdrawal rates and the role of insurance. Financial implications of homeownership and the critical choice between self-insurance and the security of an annuity. Risk management in the golden years and considers the impact of deep-seated beliefs on financial behaviors.
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    Less than 1 minute