Archives: Captivate Podcasts

We often get caught up in the idea of making big purchases without fully considering the costs associated with them.

In this episode we will explore the difference between price and cost through a conversation with my 15-year-old daughter about buying a car. While my daughter was focused on the price of the car and how to pay for it, I wanted to highlight the additional costs associated with owning a car, such as insurance, maintenance, and the cost of time spent away from other important activities. Understanding the difference between price and cost can also be applied to other significant purchases, such as buying a home. 

As the summer approaches and people begin to explore new purchases, it is crucial to fully consider the cost of ownership before making any large financial decisions.

Key Points:

[00:54] #1 Calculation of cost of owning a car

[04:48] #2 Illustration of buying a $500,000 home

[06:08] #3 Importance of accounting for all costs associated with a purchase

[07:31] #4 Trade-offs when making a financial decision

If you loved this episode, you have to listen to these episodes as well: 

>> Life Planning: Looking Beyond Finances with George Kinder

>> Motivation vs Commitment

>> Success for Minority Teens with Carlos Gomez

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.

What financial advice would you give to your younger self or your children?

In this episode, I’ll discuss principles for teaching young people about money. These include paying oneself first, not spending more than one makes, investing early and frequently, never stop learning, and managing debt effectively. It is very important to have open conversations with family members about money and building a healthy relationship with it.

Build healthy financial habits and ensure that future generations are equipped to make informed financial decisions. Listen now!

Key Points:

[02:40] #1 Pay yourself first

[05:39] #2 Don’t spend more money than you make

[07:32] #3 Invest early

[09:54] #4 Never stop learning

[10:51] #5 Manage your debt

If you loved this episode, you have to listen to these episodes as well: 

>> Spring Cleaning Your Finances: Tips for a Financial Fresh Start

>> Monitoring your Financial Plan with Dr. Preston Cherry [Step 7 of Financial Planning]

>> Implementing the Plan with Shawn Tydlaska [Step 6 of Financial Planning]

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.

As we near the end of the year’s first quarter, let’s reflect on the goals we have accomplished and those we still aim to achieve. 

In this episode, we’ll talk about removing obstacles and distractions in our lives that prevent us from reaching our financial goals. We will also explore the concept of body budgeting and how it ties into the brain’s function in the body’s ability to budget. 

Plus, don’t forget to sign up for our six-month Spring Cleaning Your Finances Boot Camp Program with group coaching, one-on-one sessions, and access to an award-winning software for 12 months. 

If you’re looking to improve your financial health and spring clean your finances, make sure to check out this episode!

Key Points:

[01:44] #1  Spring cleaning finances boot camp offered by Gen X wealth

[03:40] #2 “Seven and a Half Lessons About the Brain” and body budgeting

[04:32] #3 The importance of removing obstacles to reach our financial goals.

[07:20] #4 Tips and suggestions on how to remove obstacles to prepare ahead of time, set realistic goals, and create a routine.

If you loved this episode, you have to listen to these episodes as well: 

>> Spring Cleaning Your Finances: Tips for a Financial Fresh Start

>> Monitoring your Financial Plan with Dr. Preston Cherry [Step 7 of Financial Planning]

>> Implementing the Plan with Shawn Tydlaska [Step 6 of Financial Planning]

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.

Spring has arrived, and it’s time to freshen up more than just your home! Why not give your finances a much-needed clean-up? 

Join me in this episode as we dive into the benefits of spring cleaning your finances and discover how Gen X Wealth’s Jumpstart Your Finances Bootcamp can help you reach your financial goals. 

Let’s make this season the start of a new, financially savvy you!

Key Points:

[1:45] #1 Jumpstart Your Finances Bootcamp by Gen X Wealth

[2:14] #2 Key areas covered in Gen X Wealth’s Bootcamp

[4:21] #3 Tips on managing retirement accounts after being laid off or changing jobs

If you loved this episode, you have to listen to these episodes as well: 

>> The Value of a Financial Advisor 

>> Planning Your Life & Finances – a 2022 Mash Up

>> Own Your Home and Grow Your Mental Wealth

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.

Businesses beware: The collapse of Silicon Valley Bank sends a stark reminder of the impact a bank failure can have. 

In this episode, we explore the far-reaching consequences of the bank run that caused its downfall and the importance of FDIC insurance for both individuals and businesses. 

Listen to learn more about the impact of Silicon Valley Bank’s collapse on businesses and the importance of FDIC insurance for depositors.

Key Points:

[1:16] #1 The collapse of Silicon Valley Bank

[3:15] #2 What happens when a bank collapses and the importance of FDIC insurance

[5:38] #3 The impact of a bank’s collapse on the businesses that banked at that bank

If you loved this episode, you have to listen to these episodes as well: 

>> The Value of a Financial Advisor 

>> Planning Your Life & Finances – a 2022 Mash Up

>> Own Your Home and Grow Your Mental Wealth

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.

The power of insurance should never be underestimated. But how about we dig deeper into what insurances do and realign them with your financial goals?

Today’s episode is about Indexed Universal Life insurance. We talk about how it can be a good investment while serving as your life insurance. We’ll also discuss how to understand policies so you can strategize investing for it. We’ll also debunk insurance misconceptions so you can utilize it according to your financial intentions and outcomes.

Make your goal specifically yours. Reclaim your power to strive for life. Tune in now! 

Key Points:

[2:10] #1 IUL is your life’s investment! 

[13:24] #2 Find the best reason to opt for IUL

[14:25] #3 Align your financial goals with the right insurance

If you loved this episode, you have to listen to these episodes as well: 

>> The Value of a Financial Advisor 

>> Planning Your Life & Finances – a 2022 Mash Up

>> Own Your Home and Grow Your Mental Wealth

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.

We are already in the final days of Black History Month! 

As we set our goals, we cannot help but strive for wealth. But how about we recalibrate them and aim for your well-being?

Today’s episode is about setting your goals. We talk about how focusing on the things that speak longevity and genuine happiness as your goal brings you flexibility, clearer perspectives, and better relationships with the people around you. 

Make your goal specifically yours. Reclaim your power to strive for life. Tune in now! 

Key Points:

[3:15] #1 What’s more important to you than money?

[5:19] #2 Flexibility is your power!

[09:19] #3 Make finding your genuine joy your goal!

If you loved this episode, you have to listen to these episodes as well: 

>> The Value of a Financial Advisor 

>> Planning Your Life & Finances – a 2022 Mash Up

>> Own Your Home and Grow Your Mental Wealth

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com. I can’t wait to meet you.

If you’ve ever missed out on a big sale in the stock market because of fear or uncertainty, you’re not alone. But don’t let that fear keep you from taking advantage of potential gains.

In this episode, we’ll introduce the concept of dollar-cost averaging (DCA) – a practical investment method for those just starting. DCA allows you to control the frequency of your investments and can help reduce your overall risk.

This strategy can also be used in your retirement accounts, where a portion of your income goes into your company retirement plan every month, purchasing shares of mutual funds, ETFs, or stocks.

The key to successful investing is having a long-term perspective and staying disciplined in your investment strategy. So don’t let fear hold you back. Start investing in the stock market using dollar-cost averaging and watch your portfolio grow! 

Key Points:

[3:20] #1 Dollar-cost averaging (DCA) spreads out investment purchases to reduce market impact

[3:50] #2 Retirement accounts like 401(k) and IRA often use DCA to purchase shares of investments

[8:03] #3 DCA involves systematic monthly stock purchases of the same dollar amount

If you loved this episode, you have to listen to these episodes as well: 

>> The Value of a Financial Advisor 

>> Planning Your Life & Finances – a 2022 Mash Up

>> Own Your Home and Grow Your Mental Wealth

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.

Ensure your love lasts a lifetime. Plan your estate to secure your loved one’s future and bring them peace of mind.

In this episode, I will discuss the importance of estate planning and share a personal experience to highlight its benefits. I will also cover the documents that go into an estate plan, such as wills, trusts,  and medical health care directives. Estate planning will help you distribute your assets, and medical health care directives can ensure that one’s wishes are respected in case of incapacitation. 

Take the first step in showing your love for your family by creating an estate plan with us. Tune in now! 

Key Points:

[5:22] #1 What is an estate plan, and how does it help?

[9:16] #2 How an estate plan can help you when someone is incapacitated?

[10:58] #3 What goes into the estate plan?

If you loved this episode, you have to listen to these episodes as well: 

>> The Value of a Financial Advisor 

>> Planning Your Life & Finances – a 2022 Mash Up

>> Own Your Home and Grow Your Mental Wealth

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.

Have you ever experienced being so good at something and then suddenly just stopped doing it? Like having the discipline for months to save money, but totally lose it on a random day at a shopping center.

In today’s episode, I discuss the three magic questions that can help you discern what you need to give your time, energy, and focus on. You can only see results when you learn how to say no to things that rob you of your resources, when you start doing things you should be doing, and if do something you are good at consistently. 

Tune in now to better understand these magic questions and how you can apply it in life and in your finances!

Key Points:

[3::24] #1 What am I doing that I shouldn’t be doing?

[5:00] #2 What am I not doing that I can and should be doing?

[8:08] #3 What do I do well, and should I keep doing?

If you loved this episode, you have to listen to these episodes as well: 

>> The Value of a Financial Advisor 

>> Planning Your Life & Finances – a 2022 Mash Up

>> Own Your Home and Grow Your Mental Wealth

I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv), Spotify (https://spoti.fi/3jParH0), Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS 👉 (https://bit.ly/3l18yWQ) with a friend.

**********

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can’t wait to meet you.