Episodes
We need our ship to actually sail us to where we want it to go; the thing is, ships aren't free! So the goal for today's episode then is for you to be inspired to see how much you're currently saving towards you, towards yourself and if needed or possible, increase it so you can be on a faster pace to reach those goals. (01:33) So how much should you pay yourself every month? "How much am I worth?" I'd say the minimum is 5% of your gross income. (02:39) So what this says is that 36% of your...
Published 01/10/22
Get your list of goals for this New Year to find out where you both want your ship to sail. Goals are to give you a better chance of achieving something more quickly than you otherwise would have without goals. (04:50) What makes each of you happy now? (06:04) What would make you happier? (07:15) What keeps you up at night? (08:41) Quote for the episode: "So goals overall can be things to add to your happiness, or things that can also stop detracting from your happiness." (10:08) Securities...
Published 01/03/22
Approach this holiday with a healthy mindset, gain financial tips on what to look for, and set goals to make the most of 2022! [future you] Looking back on this holiday season that just passed. So what would have to have happened for you to say that you had a wonderful holiday season? (18:05) I'm a big fan of time blocking, of money blocking and basically, those are just terms of being more intentional with your time, being more intentional with your money at a time kind of separate, you...
Published 11/22/21
Excelling in your money mindset doesn't mean a big net worth. It means putting yourself in a position to make life most enjoyable to you, however you define that. The goal for today is really just for you to walk away from tonight with a better understanding of your current money mindset, and what you can change to better excel when it comes to that mindset. (03:23) I would say a lot of the finance stuff that's the loudest like if somebody is shouting at you through the TV and hitting a...
Published 11/16/21
Going theme by theme on how we as parents can help our children with their financial futures. So it's either you being intentional about educating them to some degree...or them basically having to just discern random tidbits from their friends, from movies, from I don't know, music videos. (04:03) But if your child enters the workforce knowing that they should pay themselves first, not spend more than they make, and how $1 saved today can be worth potentially a heck of a lot more down the...
Published 11/08/21
Let's reexamine the importance and the skills that we need to teach for wealth to truly be generational for those to come. ...human nature and all of the world seems to dictate that money and wealth is going to dissipate as the generations progress. (02:15) What happens when there is a lack of purpose, a lack of autonomy, a lack of ability to pursue a mastery. And what this can lead to is a very unhealthy and potentially self destructive money mindset. (05:21) Give them that opportunity to...
Published 11/01/21
Here are some high level concepts to find out if a trust is even necessary for you! So the first thing to know about trusts is that there is some problem they're trying to solve. (03:27) Now, the other main reason for creating a trust, outside of creating restrictions, is creating separation. (06:31) So again, if you have no problem with your kid's spouse, if you have no special needs types of problems to consider or the separation problem that a trust can solve, again, likely aren't anything...
Published 10/25/21
Help fund your kid's retirement?! May sound crazy but hear me out. ...what I found in being an advisor is that most people want to kind of replicate whatever their parents did for them. Whether that be you know, some loans or paying 100% of the school costs...(04:13) The other option though, that can be incorporated, is retirement instead or in conjunction to this traditional college focus. (04:27) ...would you rather have in this example, the $65,000 pay off all of these college loans or...
Published 10/18/21
If savings is the goal of life insurance, make sure you understand all the options first. What opportunity are you potentially giving up, that that same money that you're using to save, could also be used for instead. (03:30) "the grow up plans, cash value grows at a guaranteed rate over time, so that after 25 years, it should equal or be greater than the amount you've paid in premiums." (06:46) With these life insurance policies, the child generally becomes the owner at age 21. So you lose...
Published 10/11/21
All things gifting: how much, too much, and throwing a lesson in there too! You can do so much with a gift, and with a little bit of thought. And those are the feelings that we want to be giving our children obviously. (03:56) Currently in 2021 you're allowed to gift up to $15,000 per person to any other person. (04:08) Think about what gifting goals you may have for your kids, but more importantly, what lessons you can help in teaching them through that gifting. (09:59) Quote for the...
Published 10/04/21
Their money mindset will inevitably be influenced. Shouldn't it be by you? And so building that financial literacy, that practical application, and more than anything is really that healthy mindset and relationship when it comes to money. (01:44) The biggest thing you can do is to expose your kids to anything to do with money to any degree that you're comfortable with. (04:37) Something is going to influence them and start subconsciously setting up these expectations and these relationships...
Published 09/27/21
529 Plans seem to be the default but definitely not the only option out there. Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 09/20/21
What growth are you potentially giving up, so the opportunity cost, with these savings bonds you are so familiar with? Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 09/15/21
A recap of all 8 episodes from this Your Major Money Misnomers series to help avoid some pitfalls Joe has seen personally. Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 09/06/21
They may all call themselves advisors, but they are all almost certainly not the same! Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 08/30/21
Investing and emotions can go hand in hand - learn how to overcome this all too common problem. Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 08/23/21
Financially worse than death, disability scenarios need your proper attention. Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 08/16/21
Your home is different than a real estate investment - learn how and why! Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 08/09/21
How setting goals can drastically improve what you are capable of achieving. Securities offered through TFS Securities, Inc. and Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 08/02/21
How could a big check from the government at the end of the year be a bad thing? Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 07/26/21
How to interpret the advice you come across...and how to filter it to you! Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 07/19/21
Where did it come from, why was it created, and why am I hearing about it now? Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 07/12/21
A recap of all 7 episodes from this Your Parent's Money Mindset series to help you take positive action Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 07/05/21
What Medicare and Medicaid cover, and more importantly, what they don't when it comes to Long Term Care. Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 06/28/21
The 2019 SECURE Act drastically changed how IRAs are inherited - how much will this affect you? Securities offered through TFS Securities, Inc., Advisory Services offered through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc. is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Published 06/21/21