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.
info_outline![[Summer Remix] 100: High Yield Savings vs. Stocks: Who Wins? show art](https://assets.libsyn.com/content/78184535?height=50&width=50)
[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_outlineAre you guilty of holding on to things just a little too long? We’re not just talking about those jeans from high school — we’re talking about the big stuff: Jobs, negative relationships, and even other people’s expectations of you. Maybe even your expectations of yourself.
We all want to level up in some way, whether that means taking on a side hustle so you can build your empire, hiring on an assistant, or finally getting coaching for that big scary dream you’ve got. But we’ve all got baggage that just keeps weighing us down.
The good news is: you can let it go. And we are gonna help you figure out how in this episode of Worth It (we promise, there is no Frozen sing-a-long in this episode).
What you’ll learn about letting go
- 6:07 All the different ways people choose to level up in their lives.
- 7:04 That you’re definitely not alone in feeling scared about letting go.
- 11:24 What happens when you let go of what’s been holding you back.
- 13:20 How Danny Meyer, a real modern day trailblazer and the founder of Shake Shack, let go of his fears to build success.
- 17:22 What the goal of letting go really is (Hint: it ain’t just success).
- 19:22 Tips you can take away to help you let go and level up.
- 23:30 How to find that voice in your head that tells you not to let go and shut him up.
- 25:42 The importance of outside perspectives in helping you let go.
So… what’s stopping you from letting go?
This episode dives into what it means to let go of something, especially when it’s hard or emotional. It also explores how to let go of something that’s not necessarily bad, like that job you used to love or that client who helped you get it all started.
But most of all, this episode highlights how to let go and how to quiet the anxious, fearful voices in our heads that tell us to “Play it safe” and to not leave our comfort zone. After all, that’s what letting go is — stepping out of your comfort zone and into something new.
How to let go
In this episode of the Worth It Podcast, we give our tips for how to let go. While it may take time to make the leap, we think these tools will help you prepare for it. These tips include how to:
- Reduce your fear about change
- Increase your confidence in your trailblazing vision
- Figure out exactly what’s most important to you now
To help you figure out how to let go, or to even support a decision you’ve been chewing on for a while, this episode comes with access to our Free Ikigai Worksheet and Free Vision Worksheet.
By using these worksheets, people who are ready to finally let go of whatever is holding them back can get to work. Don’t know what’s holding you back, but know you’re not reaching your potential?
These worksheets can help you by diving into:
- What you would do if you had enough money
- What you regret if you had only 24 hours to live
- What you’re good at
- All the ways you can make money
- What you think the world needs most from you
In the episode, there’s also a great tip for those who have multiple revenue streams. This profit analysis tool will help you see which revenue stream or client is really worth the time and effort — and which ones may not be working for you anymore.
Using these two worksheets and the profit analysis tip shared in the episode, you’ll be able to get a really good picture of what you need to let go of (what doesn’t serve you anymore) and how to move into taking that next big step
But you don’t have to do it alone.
The importance of community and role models in letting go
When one of us steps forward and starts to blaze a new trail, we set an example for all of the others who are hesitating. People like Danny Meyer, the founder of Shake Shack, are great examples of what happens when you just let. it. go. We’ve also had to let go of things to move our lives (and business) forward. We share Danny’s story, as well as some insights on what we’re letting go of in 2019, in this episode.