MINISODE: Hurricane Hiatus - An Update on the Wealth by Design Podcast
Wealth by Design
Hello, loyal listeners! We wanted to let you know that we have a quick update on the podcast and a few things that are happening over at Toujours Planning right now. As you may know, we are a Lake Charles-based business and family, and our community, homes, and offices were devastated by Hurricane Laura in August.
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MINISODE: Do You Need a Financial Advisor or a Certified Financial Planner™?
Wealth by Design
Do you need a financial planner? A financial advisor? An investment professional? A money coach? And what are those initials after their names?!
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MINISODE: Are You Falling into This Stock Market Trap?
Wealth by Design
In this minisode, Dustin breaks down the Sir Templeton’s quote: “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.”. He also discusses timing the stock market, why it’s a bad idea, and what you should do instead.
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MINISODE: Should You Have a Joint Account with Your Partner?
Wealth by Design
We’ll keep the intrigue to a minimum. In our opinion, the answer to this question is a resounding yes. Sharing your finances with your partner builds trust. Keeping them separate can breed suspicion and worry.
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MINISODE: When Stock Markets Dip and Bounce Back
Wealth by Design
In this minisode, Dustin recaps what a stock actually is and how stocks are bought and sold. He discusses how people’s emotions cause those peaks and valleys in the stock market, and how you can avoid that dangerous herd mentality when it comes to your own investing.
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112: Growing a Business & Wealth with Katell and Jon of Reverielane
Wealth by Design
Katell and Jon, a husband and wife design team, are founders of Reverielane, a purpose-driven brand and web design firm.
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[Summer Remix] 102: Net Worth is King
Wealth by Design
We talk about fear a lot on our podcast. Fear is natural and, TBH, necessary. But fear can also make you focus on the wrong thing when it comes to your net worth. Paying down debt rather than building up your assets, to be specific. And that’s what we discuss in this week’s episode: where our fear of the “debt boogeyman” comes from, our three-step strategy on how to overcome it, and what part of your finances you should be focusing on instead.
info_outline![[Summer Remix] 101: Robo-advisors: Your New Best Friend or Your Worst Enemy? show art](https://assets.libsyn.com/content/78672425?height=50&width=50)
[Summer Remix] 101: Robo-advisors: Your New Best Friend or Your Worst Enemy?
Wealth by Design
The robots have taken over. Just kidding. But, they have taken over a major chunk of the financial industry in the form of robo-advisors. But the truth is, we think robo-advisors are actually pretty useful. Of course, there’s a time and a place to use them, which is exactly what we cover in this episode of Wealth by Design.
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[Summer Remix] 100: High Yield Savings vs. Stocks: Who Wins?
Wealth by Design
There are a lot of misconceptions about investing in the stock market, thanks to fear-mongering in the news, horror stories from family and friends, and a lack of education about the stock market in general. Your fears may also be why high yield savings seems like the better option for your money. In this episode, we talked about the differences between high yield savings and stocks. We know you’re probably a big fan of saving because it’s “safe,” right? Well, we’re about to rock your world.
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[Summer Remix] 98: Leaving Behind the “Punch Clock” Mindset
Wealth by Design
The concept of a punch clock — punching in to start a shift and punching out when it ends — is ingrained in many of us, even as business owners who write our own checks and make our own schedules. But it doesn’t have to stay that way! On this episode of Wealth By Design, we talk about how you can start changing your mindset and your life right now.
info_outlineWe’ve got something new for you! Every couple of weeks, we’ll be mixing up the style of our podcast: 1 week will be long-form and the following week will be a minisode. These are super short-and-sweet tips to help you get your financial house in order, get the DL on what’s going on in the economic world, and generally empower you to live life on your terms!
With that said, let’s dive into this week’s episode: What is a Work-Optional Lifestyle & How Can You Get There?
The most exciting part? You can choose your own adventure: listen to the audio above (or on your podcast app) or pop over to the video to watch this 2-minute clip right now!
WHAT YOU’LL LEARN:
- What the goal of our work really is
- What BULB stands for
- How you can calculate your BULB number
- How to start putting money toward your BULB
- Why we believe in a work-optional lifestyle instead of retirement
As we’ve mentioned before on this podcast, we’re big fans of the BULB. BULB, which stands for back-up life bank, is not a complex number to figure out.
From there, it’s all about investing and saving enough to get you to reach that number. If you’re a successful business owner and are committed to investing and saving, you’ll be surprised how fast you do reach BULB status!
But of course, you’ll have more questions. That’s why we’re sharing all our BULB resources down below so you can continue the exploration!
We all want a work-optional lifestyle, but only those who are committed to reaching BULB status will get there. Is that you?
RESOURCES & PEOPLE MENTIONED
- Our BULB Calculator, which you can find in our FREE go-to financial and life planning resources
- All about “BULB”:
- The Toujours Planning Quiz — are we a good fit for your financial planning needs?
- Toujours Planning Blueprint to Wealth + Security
This material is for general information only and is not intended to provide specific advice or recommendations for any individual.