Go Out And Live!

A NEW BRAND: "Go Out And Live! with Michael Policar" explores the fact that Personal Finance and Financial Planning aren't really about money. Being smart with your financial choices is advisable, but your actual GOALS aren't really about money. They're about the things money can buy. So with a new year, and a new business (www.ngpfinancial.com), please enjoy Go Out And Live!

Oh, Behave! 08/02/2022

Oh, Behave! I recently completed Shaping Wealth's "Building the Behavioral Advisor" program and it was one of the most transformative experiences of my career. My goal today is to talk with you about a few things I've learned and how they APPLY to our personal financial lives. I can't wait to share more of what I've learned and exercises to help you help yourself. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/23932542

What will the World Look Like in 5 years? 07/26/2022

What will the World Look Like in 5 years? What might the stock market look like 5 years from now? If it's higher, then should you be buying or selling right now? Even if it were to go down 50% more from here, but 5 years from today it were higher, would buying be a mistake or a good decision? It's kind of an important question, isnt it? Questions? Email me: /episode/index/show/15minutefa/id/23844608

How Do I Start Investing? 07/19/2022

How Do I Start Investing? No matter where you find yourself in life, it's never too late to begin your investing journey. Whether you can start with $10 or $10 million, getting started can often be the hardest part. Here's the secret: It doesn't have to be that hard. /episode/index/show/15minutefa/id/20317493

Does a Recession Really Matter? 07/12/2022

Does a Recession Really Matter? Of course it does. But not being able to pay your bills during an economic expansion feels a lot worse than being able to pay your bills during an economic recession. This week, we talk about recessions, the effect on US stocks, and hot dogs. Questions? Email me: /episode/index/show/15minutefa/id/23715947

The Declaration of Independence 07/05/2022

The Declaration of Independence This week I read the Declaration of Independence. This is not a political statement. I believe it's important to know how The United States of America began. We'll get back to personal finance next week. Questions? Email me: /episode/index/show/15minutefa/id/23631197

Packing your Parachute 06/28/2022

Packing your Parachute As we continue our conversation on planning for the event of sudden job loss, we dive into several insurance-related iems. We talk about health insurance options, like COBRA, and dive into life insurance as well. There's more to this conversation to come. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/23562503

Layoffs? Layoffs?! Are You Kidding Me?!? 06/21/2022

Layoffs? Layoffs?! Are You Kidding Me?!? Coach Jim Mora's response to a question about making the playoffs resulted in one of the funniest post-game interviews in the NFL. As news of layoffs continues to make the front page, we discuss a few elements of your compensation package that could require some planning in case you get the dreaded pink slip. Questions? Email me: /episode/index/show/15minutefa/id/23492384

Fresh Debt 06/14/2022

Fresh Debt I'd prefer frozen in this case, but I found myself faced with a decision to liquidate hundreds of thousands of dollars of investments or borrow money. I chose the borrowing route, and while I think it was the right decision FOR ME, it doesn't come without risks and without me losing control of money. Questions? Email me: /episode/index/show/15minutefa/id/23419019

The Media and Your Money 06/07/2022

The Media and Your Money Media is a business, not a public service. The same is true for social media. Their goals are to extract as much profit as they can. Sensationalism sells, pragmatism doesn't. Next time you're listening to someone on TV talk about doom and gloom, remember that they don't care if you meet your goals or not. Only that you "pay" attention. Questions? Email me: /episode/index/show/15minutefa/id/23348249

Dead Cat Bounce 05/31/2022

Dead Cat Bounce Don't worry, this is still a personal finance podcast. Today we're talking about a phenomenon that can both help investors weather terrible downturns in stock prices, and pump-fake us into believing we're done with the selling. We've already had one such dead cat bounce in the market this year, and there could be more. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/23275952

What the Heck is a Stink Bid? 05/24/2022

What the Heck is a Stink Bid? If you've got your shopping shoes on, but aren't sure whether the market has further to fall or not, you could always try using a "stink bid" to get shares of a stock you like at a price much lower than the current market price. This week, we're talking about Stink Bids and of course, some risk factors associated with this strategy. Questions? Email me: /episode/index/show/15minutefa/id/23208473

Your Brain, Your Money and Your Hair 05/17/2022

Your Brain, Your Money and Your Hair If you're scared of the market, or thinking about it gives you anxiety because you're uncertain about what might happen in the future, you are human. That's a normal, natural reaction to what is happening in the market. It's okay. You're okay. Questions? Email me: /episode/index/show/15minutefa/id/23134409

This Market Sucks 05/10/2022

This Market Sucks Sometimes the market just plain sucks. That's the kind of market we're in now. There are myriad reasons why, but the only thing that matters is what matters to you. How you feel and how you act will likely have more to do with YOUR reality than the market action. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/23060459

While I was Away 05/03/2022

While I was Away It's been about 6 weeks since our last conversation, and this week I'm back to give you an idea of why I was away. We'll also talk about what train travel and investing have in common. Thanks for sticking with me through a rough time in my life! Questions? Email me: [email protected] /episode/index/show/15minutefa/id/22987499

Black Gold 03/15/2022

Black Gold Oil finds a way into most of our lives. The roads you drive on are paved with oil. Each tire on your electric car take about 7 gallons of oil to produce. Even your toothbrush comes from oil! It's a major part of our world and it goes largely unnoticed until the prices skyrocket like they have lately. Questions? Email me: /episode/index/show/15minutefa/id/22459202

A "Healthy" Correction Can Make You Feel Sick 03/08/2022

A "Healthy" Correction Can Make You Feel Sick A good time to think about a correction is when markets are behaving well. After the crash, it can be too late, and rash decisions can end up compounding the problems facing your financial well being. If you're like me, a friendly reminder is a welcome thing while we're within 1.5% of the all time highs. /episode/index/show/15minutefa/id/18151628

War is Hell 03/01/2022

War is Hell This week's conversation is a quick one. Like a lot of people, from the comfort of our homes in the USA, we're watching in horror the war in Ukraine. Thanks to the folks at LPL Research, we quickly explore how US stocks have fared during times of conflict and major world events. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/22267991

Rely on Your Strategy 02/22/2022

Rely on Your Strategy Hope is not a strategy. You can certainly hope that things go your way. And you should have hope for a better future, especially if you're an investor. But hope by itself is not a strategy. This week we call on three famous innovators to illustrate the point. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/22213331

One Percent Better 02/15/2022

One Percent Better To get 1% better every day means you'd improve by 37x every year. It might be doable in some areas for a little while, but probably not a sustained period of time. What I think is better is to focus on incremental improvement. You get really far by taking small steps. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/22135763

Mind on My Money 02/01/2022

Mind on My Money As Americans, we spent a lot of time thinking about money last year. More specifically, OUR money. That was evident based on the top 10 trending internet searches of 2021. We discuss those, and the difference between knowledge and wisdom as it pertains to investors. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/21975770

So, You wanna be an Investor? 01/25/2022

So, You wanna be an Investor? This episode was inspired by a tweet that I responded to last week, and an investment concept that I've talked about in the past. I think it can be very helpful to view your investments as "units" rather than dollars. The dollar value will change with the whim of the markets. The number of shares you have will not. Questions? Email me: [email protected] /episode/index/show/15minutefa/id/21885017

Fear 01/11/2022

Fear Fear drives a lot of short term market direction. But somehow, over the long-term optimism seems to rule the markets. It's important to separate Fear from Uncertainty and Uncertainty from Risk. They're interrelated, but they're not the same thing. Don't allow fear to get in the way of making decisions that you believe to be right for you and your future. /episode/index/show/15minutefa/id/21738020

Save More Money 01/04/2022

Save More Money The IRS has raised the limits for 401(k) and similar contribution maximums for 2022. You can now put $20,500 into a 401(k) and if you're over 50 years old, you can make an additional $6,500 catch-up contribution. It's important to take a look at what you're contributing to your 401(k) and make sure it's the right plan FOR YOU! /episode/index/show/15minutefa/id/21668930

Finding Success in Failure 12/28/2021

Finding Success in Failure I set a goal to do 25,000 pushups in 2021. I didn't do 25,000 pushups in 2021. The year isn't quite over, but there's no way I'll get there. In failing to hit my goal, I learned a lot about myself. And more importantly, I learned that even a "failure" can be a success. /episode/index/show/15minutefa/id/21611831

Fixing the Fixable with Laurie Ruettimann 12/14/2021

Fixing the Fixable with Laurie Ruettimann Have you ever wanted to walk into your bosses office and just should "I QUIT" and walk out? You haven't done it, because it's not usually a great way to handle that sort of thing. But if you've ever felt like you hate your job, or you get the Sunday Scaries about going back to work on Monday, you'll want to hear what Laurie has to say. /episode/index/show/15minutefa/id/21474671

Absolutely Nothing! (Bad Debt) 12/07/2021

Absolutely Nothing! (Bad Debt) Can you afford the purchase? Or can you just afford the payment? When you're buying a car, the dealer wants to talk about the payment. Why? Because they don't want you to know how much the car costs! They just want you to know you can afford the payment. Don't let bad debt put you in a tough situation. /episode/index/show/15minutefa/id/21403457

Debt (What is it Good For?) Part 1 11/30/2021

Debt (What is it Good For?) Part 1 I'm a fan of the Edwin Starr song, so I figured the title was a nice homage. But this weeks topic is about good debt. My definition of good debt is borrowing money to buy something that will increase in value or utility over time. We talk about a few examples of good debt and a story about a prominent historic figure in American culture. /episode/index/show/15minutefa/id/21321770

Inflation! 11/23/2021

Inflation! It's been quiet for a long time, but inflation is rearing it's head in a way not seen since the lead-up to the Global Financial Crisis and 2021 could prove to see more inflation than any single year since 1991. This week we talk about what inflation is, and a few things you can do to buffer yourself from the effects of this invisible "tax" on your lifestyle. /episode/index/show/15minutefa/id/21264794

It's Electric! 11/16/2021

It's Electric! 25 years ago, electric cars were mostly concepts and designs by engineering students. Today, electric cars seem to be the next wave of car buying. From roadsters to delivery vans, sports cars to vintage-style pickup trucks, going electric is a very strong trend among automakers and it appears to be what buyers are most interested in as well. /episode/index/show/15minutefa/id/21181676

Spreadsheets and Heartbeats 11/09/2021

Spreadsheets and Heartbeats Financial planning, whether done by a professional or done yourself, should give you confidence that you're heading in the right direction. A spreadsheet can't assure you of success, but it can go a long way to easing your anxiety about finances. This week we explore a few ideas to help relieve financial stress. /episode/index/show/15minutefa/id/21097292

Go Out And Live!

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