Inspired Money
Inspired Money is the critically acclaimed, one-of-a-kind personal finance podcast where money meets meaning. Hosted by Andy Wang, Top 100 Financial Advisor (Investopedia), each week features a dynamic live-streamed expert panel diving deep into investing, entrepreneurship, philanthropy, and lifestyle. From decoding the markets and building wealth to giving with purpose and curating a passion-driven life—Inspired Money is not just a podcast, it’s a movement. You’ll hear fresh, surprising money stories from influential voices across industries, sparking insights that challenge conventional wisdom and inspire bold action. Whether you’re launching a side hustle, paying down debt, or looking to grow your wealth and make a difference, tune in to Inspired Money—because big things start with just a little inspiration. Subscribe now and be part of the inspired money movement—where every dollar is a step toward living your best life.
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Fine Wine Regions to Discover in Retirement: Voyage into Viniculture
04/24/2025
Fine Wine Regions to Discover in Retirement: Voyage into Viniculture
Why This Episode Is a Must-Listen Are you dreaming of exploring the world one vineyard at a time in your retirement? Or seeking an inspired getaway that promises more than just a glass of wine? In this episode of Inspired Money, host Andy Wang and a panel of wine luminaries uncork the secrets behind the world’s most fascinating wine regions. Whether you’re a seasoned collector, a curious traveler, or a budding enthusiast, this conversation is your ticket to discovering how wine, history, culture, and adventure blend seamlessly—offering both memorable journeys and valuable insights. Meet the Expert Panelists Madeline Puckette is a certified sommelier, award-winning author, and co-founder of Wine Folly, a leading platform for wine education known for its visually engaging and approachable style. She is the co-author of Wine Folly: The Essential Guide to Wine, a James Beard Award-winning book that has helped demystify wine for enthusiasts and professionals alike by blending design, data visualization, and expert knowledge. Yannick Benjamin is a New York-based sommelier, entrepreneur, and advocate, best known as the co-founder of Contento Restaurant and Beaupierre Wines & Spirits—both built on principles of accessibility, inclusivity, and community. A wheelchair user since 2003, Benjamin has become a celebrated figure in the wine world, earning accolades such as Sommelier of the Year by the Michelin Guide and co-founding Wine on Wheels, a nonprofit uniting wine professionals for charitable causes. Amanda Barnes, MW, is an award-winning wine writer and the leading expert on South American wines, celebrated for her book The South America Wine Guide. A masterful storyteller and presenter, she brings the wines, people, and places of Latin America to life with insight, authenticity, and adventure. Alder Yarrow is the founder of Vinography.com, widely recognized as a pioneer of wine blogging and one of the wine world's most respected voices. He is the author of the award-winning book The Essence of Wine and the architect and day-to-day manager of the Old Vine Registry, the world's leading database of historic vineyards. Key Highlights: Redefining Old World vs. New World Wine Regions Amanda Barnes and Alder Yarrow challenge the traditional “Old World vs. New World” distinction, revealing that history and innovation are thriving on both sides—and there's never been a better time to explore. Amanda notes, “Old World, New World is a distinction that we shouldn't really be using anymore...there's so much history and diversity in every region.” Embracing Wine Travel for All - Adventure and Accessibility Madeline Puckette introduces the novel concept of cycling through wine regions, literally feeling the terroir: “You can feel the cold spots, the hot spots, the elevation, especially on a bike.” Meanwhile, Yannick Benjamin highlights the importance of accessible wine tourism, sharing how transparency, flexibility, and warm hospitality create unforgettable experiences even in rural, less-developed regions. The Magic of Culinary Pairings and Local Culture All panelists agree: pairing wine with local cuisine is more than a meal—it's a cultural immersion. Amanda shares, “Sometimes the diet, the gastronomy also really influences the style of wine that comes from that region. Those pairings can be magical.” Local festivals and traditions bring wine’s story to life. Wine Collecting and Investment: Pleasure Over Profits Alder Yarrow delivers a candid take on wine investment: “Buy wine that you intend to drink...but don’t think you’re going to use it to increase your nest egg.” The panel advocates for collecting as a means to richer experiences, not just financial returns, and offers practical tips for new collectors. Call-to-Action If you're feeling inspired, here’s your one assignment for the week: 👉 Pick a wine region you've never explored before—maybe Georgia, Uruguay, or South Africa—and find a bottle from there. Open it, do a little research on the region, maybe even pair it with a local dish. Let it be the start of your own voyage into viniculture. Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Pat Flynn on Lean Learning: Doing More with Less (One on One)
04/22/2025
Pat Flynn on Lean Learning: Doing More with Less (One on One)
Why This Episode Is a Must-Listen Feeling overwhelmed by information overload? Struggling to turn ideas into action? In this episode of Inspired Money, host sits down with renowned entrepreneur and author to discuss practical strategies for mastering “lean learning,” lessons from his new book . Whether you want to build passive income, overcome imposter syndrome, or finally break through the noise to implement your ideas, this conversation delivers actionable insights for professionals in today’s fast-moving, digitally saturated world. Meet our Guest Pat Flynn is a serial entrepreneur, founder of Smart Passive Income (SPI), and a leading authority on online business, productivity, and education. He’s written four books, including "Will It Fly?" and his latest, "Lean Learning: How to Achieve More by Learning Less." Pat is known for his transparency in sharing wins, failures, and real-world tactics for building meaningful businesses and communities. Key Highlights The “Just-in-Time” Learning Advantage Pat Flynn explains the difference between “just-in-case” and “just-in-time” learning. Instead of hoarding information for every possible situation, he advocates focusing only on what’s immediately relevant: “Know your next step. Do that, and then you’ll figure it out.” This targeted approach prevents information overload and accelerates real progress toward your goals. Turning Fear Into Fuel Pat candidly shares how fear of failure and perfectionism held him back early in his career—and how reframing mistakes as part of the growth process changed everything. “I’d rather fail faster,” he says, encouraging us to see failure as information, not a dead end. His story about iterating on the SwitchPod invention, and his advice for parents and mentors, inspire us to lead by example and embrace vulnerability. The Power of Community & Accountability Both Pat and Andy highlight the importance of community as the “bedrock of learning and development.” Whether it’s mastermind groups, in-person meetups, or simply sharing your goals with a respected mentor, being part of a supportive ecosystem multiplies motivation, provides feedback, and delivers unexpected opportunities. “You can’t read the label when you’re inside the bottle,” Pat notes—underscoring why outside perspective matters. Force Functions: Create Your Own Deadlines Pat discusses the concept of “voluntary force functions”—deliberately putting yourself in higher-pressure situations (like agreeing to a keynote speech) to catalyze rapid learning and growth. This tactical shift turns intention into action and helps beat procrastination. As he puts it, “When we choose to opt into situations where we have to do the thing...we can harness a temporary and strategic stressor for life-changing transformation.” Call-to-Action This week, pick one area where you’ve been stuck in learning mode—then take a small, concrete action toward implementation. Whether it’s launching a project, signing up for your first community meetup, or sharing your idea with a trusted mentor, make progress by doing—starting today! Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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The Art of Wine Pairing: Elevating Retirement Gastronomy with Fine Wines
04/10/2025
The Art of Wine Pairing: Elevating Retirement Gastronomy with Fine Wines
Why This Episode Is a Must-Listen Wine isn't just about grapes and bottles; it's about pairing moments with memories, enhancing meals, and enriching lives. In this episode of Inspired Money, we delve into the world of wine with some of the best minds in the industry. Whether you're a seasoned enthusiast or a curious newcomer, this discussion offers timeless tips on elevating your dining experiences and understanding wine as a cultural connector. Say goodbye to intimidation and hello to joyful exploration. Meet the Expert Panelists Madeline Puckette is a certified sommelier, award-winning author, and co-founder of Wine Folly, a leading platform for wine education known for its visually engaging and approachable style. She is the co-author of Wine Folly: The Essential Guide to Wine, a James Beard Award-winning book that has helped demystify wine for enthusiasts and professionals alike by blending design, data visualization, and expert knowledge. Dustin Wilson is a Master Sommelier, entrepreneur, and co-founder of Verve Wine, a modern retail and hospitality brand with locations in New York, San Francisco, and Chicago. Known for his role in the SOMM film series, Wilson has also launched Après Cru, a firm supporting the growth of visionary restaurant concepts. Yannick Benjamin is a New York-based sommelier, entrepreneur, and advocate, best known as the co-founder of Contento Restaurant and Beaupierre Wines & Spirits—both built on principles of accessibility, inclusivity, and community. A wheelchair user since 2003, Benjamin has become a celebrated figure in the wine world, earning accolades such as Sommelier of the Year by the Michelin Guide and co-founding Wine on Wheels, a nonprofit uniting wine professionals for charitable causes. Sarah Thomas is the co-founder and Chief Brand Officer of Kalamata’s Kitchen, a storytelling brand that celebrates cultural curiosity through food, encouraging children to explore diverse cuisines with empathy and excitement. A former Advanced Sommelier at the three-Michelin-starred Le Bernardin, Thomas blends her fine-dining background and South Indian heritage into joyful narratives that inspire the next generation of eaters and adventurers. Key Highlights: Exploring Diverse Wine Varietals Sarah Thomas emphasizes the importance of understanding one's own palate. She encourages curiosity and experimentation beyond traditional wine pairings, stating, “Understanding your likes and dislikes and exploring diverse expressions can elevate your entire dining experience.” Breaking Wine Pairing Norms Dustin Wilson shares insights into experimenting with wine-food pairings. Drawing from his restaurant experiences, he suggests starting with traditional guidelines and then boldly venturing into uncharted pairings that complement personal taste preferences. Embracing Ancient and Emerging Wine Regions Yannick Benjamin brings focus to ancient wine regions like Georgia and Armenia. He values wine's ability to connect us with diverse cultures and histories, highlighting wine as “liquid geography” that educates as much as it delights. The Science and Debate of Healthy Wine Consumption Madeline Puckette reviews recent health debates around wine. She provides an overview of current studies, including findings that moderate wine consumption may lower mortality rates, urging viewers to balance indulgence with wellness. Call-to-Action Here’s something simple you can do this week. Plan one meal—just one—where you really slow down and think about the pairing. Whether it’s wine with dinner, sparkling water with citrus, or just setting the table with intention, create an experience. Invite someone over, light a candle, and enjoy it. Let food and drink be a reminder to live well. Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Retirement Income Strategies: Maximizing Returns for Financial Freedom
03/27/2025
Retirement Income Strategies: Maximizing Returns for Financial Freedom
Why This Episode Is a Must-Listen Planning for retirement can feel overwhelming with its complexities and uncertainties. This episode of "Inspired Money" tackles the essential question: How do you turn your savings into reliable income that will last throughout retirement? We bring together a panel of four esteemed experts to share proven strategies, actionable insights, and industry wisdom to help you craft a solid retirement income plan. Whether you are just beginning to think about retirement or looking to refine your strategy, this episode offers valuable advice on diversifying your income, managing taxes, and inflation-proofing your financial future. Meet the Expert Panelists , PhD, CFA, RICP®, is one of the foremost thought leaders in retirement income planning. He’s a professor at , a partner at , and the author of the widely acclaimed "Retirement Planning Guidebook." Holding a PhD in Economics from , Wade’s research has shaped how retirees and financial professionals approach sustainable income strategies. , CFP®, is a leading authority on Social Security and Medicare. A veteran financial journalist, she’s spent over 40 years educating both consumers and financial advisors. She’s also the author of "Maximizing Your Social Security Retirement Benefits." If you want to get every dollar you’re entitled to, Mary Beth’s insights are invaluable. revolutionized the way we think about retirement withdrawals and is author of "A Richer Retirement". Best known for creating the "4% Rule," his research has guided countless retirees toward sustainable spending strategies. With an background in aerospace engineering and a second career in financial planning, Bill brings both precision and practicality to the table. , CFP®, RMA®, is the founder and CEO of . She’s dedicated her career to helping people create sustainable retirement income plans. She’s the author of "Control Your Retirement Destiny" and "Social Security Sense." Dana’s hands-on experience makes her a wealth of practical knowledge. Key Highlights: The Importance of a Diversified Income Portfolio Bill Bengen reveals insights into maintaining a balanced portfolio with an optimal stock allocation to protect against market volatility. He notes, "You need to keep a healthy allocation to stocks to ensure your portfolio generates enough return." Tax Efficient Withdrawal Strategies Wade Pfau discusses maximizing the longevity of retirement funds through strategic tax withdrawal strategies, emphasizing, "Managing an effective marginal tax rate in a strategic manner can have a huge impact on the sustainability of funds in retirement." Social Security as a Foundational Income Source Mary Beth Franklin underscores the critical role of Social Security, providing guidance on maximizing benefits while addressing public concerns about its future reliability. Inflation Risks The episode highlights the threat of inflation and offers strategies to protect retirement income, with Bill Bengen noting that "Inflation is the greatest risk to retirees. Call-to-Action This week, take a closer look at your retirement income plan. Start crafting or refining your strategy to ensure that you have a diversified mix of income sources, consider the impact of inflation, and explore avenues for making your withdrawals more tax-efficient. Planning and flexibility are your keys to a secure financial future. Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Building Wealth Through Real Estate: Strategies for Investing in Rental Properties
03/20/2025
Building Wealth Through Real Estate: Strategies for Investing in Rental Properties
Why This Episode Is a Must-Listen Real estate investing is one of the most powerful wealth-building tools available, and this episode of Inspired Money dives deep into how you can leverage rental properties to build long-term wealth. Whether you're just starting out or looking to expand your portfolio, this episode offers valuable insights and actionable strategies to help you succeed in today's market. Meet the Expert Panelists is a real estate investor, educator, and co-founder of RealWealth, where she helps investors build passive income through smart real estate strategies. She is the author of Retire Rich with Rentals and co-author of Scaling Smart: How to Design a Self-Managing Business, as well as the host of the popular podcasts The Real Wealth Show and Real Estate News for Investors. is a real estate investor, entrepreneur, and CEO of Empowered Investor, specializing in helping people build wealth through income property investments across the United States. As the host of the Creating Wealth Podcast and a sought-after speaker, he educates investors on market cycles, financing strategies, and long-term wealth-building through his Complete Solution for Real Estate Investors™ system. is a real estate investor, educator, and founder of MyFI Academy, specializing in long-distance rental investing and financial independence. He is also the co-founder of Bold Street AI, providing data-driven insights for smarter real estate investments, and the host of The Remote Investor podcast, where he shares expert advice on building wealth through real estate. Starting as a fire protection engineer, Michael built a portfolio of 61+ units using strategies like BRRRR and turnkey investing, helping others achieve financial freedom through informed decision-making. is a real estate investor, syndicator, and founder of Real Estate Investor Goddesses, a community dedicated to helping women build wealth through real estate. With over 20 years of experience and $350 million in real estate transactions, she is the bestselling author of The Real Estate Investor Goddess Handbook and Invest Like a Goddess, as well as a TEDx speaker and host of the Real Estate Investor Goddesses Podcast. Key Highlights: Understanding Market Indicators Kathy Fettke emphasizes the importance of investing in growth areas with strong population and job increases. She states, "You want to be in areas that are growing... You need so much more information than just a pro forma." Leverage and Inflation Jason Hartman explains how inflation can be a hidden benefit for real estate investors, noting that "inflation basically pays our debt down for us" by allowing us to pay back loans with weaker future dollars. Creative Financing Options Monick Halm discusses various financing strategies beyond traditional loans, including debt service coverage and non-qualified mortgages, making real estate investing accessible even for those who may not qualify for traditional bank loans. The Power of Partnerships Michael Albaum highlights the significance of partnerships and syndications, encouraging investors to collaborate and leverage shared resources to achieve financial freedom and expand their portfolios. Call-to-Action Find one potential rental market that interests you and start researching. Look at job growth, population trends, and rental demand. Even if you’re not ready to invest today, building your market knowledge will help you spot the right opportunities when they come. Share your findings with us on LinkedIn! Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Creating a Vision Board for Financial Success: Visualizing Your Goals and Manifesting Abundance
03/12/2025
Creating a Vision Board for Financial Success: Visualizing Your Goals and Manifesting Abundance
Why This Episode Is a Must-Listen Are you struggling to achieve financial goals like saving more, investing wisely, or building long-term wealth? This episode of Inspired Money brings a unique and transformative approach to financial success—Vision Boards. Discover how visualization can reinforce your goals, reshape your mindset, and increase the likelihood of achieving your dreams. Featuring top experts like John Assaraf, Dr. Srini Pillay, and Ellen Rogin, this episode is packed with insights on how to train your brain for financial success. Meet the Expert Panelists is a leading mindset and behavioral expert, CEO of NeuroGym, and two-time New York Times bestselling author, known for helping individuals and businesses unlock their fullest potential using neuroscience-based training. He has built five multimillion-dollar companies, appeared on Larry King Live, Anderson Cooper, and The Ellen DeGeneres Show, and has been featured in eight films, including The Secret. is a Harvard-trained psychiatrist, neuroscientist, and CEO of NeuroBusiness Group, specializing in the science of mindset, visualization, and goal achievement. A sought-after speaker, author, and consultant to Fortune 500 companies, he translates complex brain research into actionable strategies for personal and financial success. Author of several book including, “Tinker Dabble Doodle Try: Unlock the Power of the Unfocused Mind.” , is a money expert and financial intuitive who helps people reshape their relationship with money to create greater abundance and joy. She is the New York Times bestselling author of Picture Your Prosperity, and her insights have been featured on CNBC, ABC, NPR, TIME, and Oprah Magazine. Key Highlights The Power of Visualization: John Assaraf illustrates how visualization can restructure the neural pathways in the brain, influencing behavior and identity. He recounts his own experience, stating, “I started off making $1.65 an hour… to making millions of dollars a year.” Visualization coupled with consistent action propelled his vast transformation. Specificity and Relevance in Vision Boards: Dr. Srini Pillay explains that specific and relevant goals stimulate the brain's image centers. He shares a client success story where careful visualization led to unexpected personal fulfillment, demonstrating that specificity fuels motivation and action. Aligning Financial Goals with Personal Values: Ellen Rogin emphasizes that balancing financial planning with emotional and intuitive insights can deepen the meaning and fulfillment of financial success. Her structured approach to vision boards aligns financial goals with deeper personal values and contributions to society. Call-to-Action Here’s my challenge for you this week: Take 10 minutes to start your own financial vision board. Grab a piece of paper, open a digital board, or even create a simple list of images and words that represent your goals. Just start—because clarity leads to action. Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Understanding Behavioral Finance: How Emotions and Cognitive Biases Impact Investment Decisions
03/06/2025
Understanding Behavioral Finance: How Emotions and Cognitive Biases Impact Investment Decisions
Why This Episode Is a Must-Listen In a world where financial decisions can be deeply influenced by emotions and biases, understanding how these factors play a role in investment strategy is crucial. This episode of “Inspired Money” dives deep into behavioral finance to uncover the predictable irrationality in our investment choices. Are you letting fear and greed drive your financial decisions? Discover strategies to navigate biases and invest more rationally by tuning in. Meet the Expert Panelists is a pioneering behavioral economist and neuroeconomist known for integrating psychology and neuroscience into economic decision-making. As the Robert Kirby Professor of Behavioral Finance and Economics at , he researches neuroeconomics, behavioral game theory, decision science, and the neuroscience of economic choices, earning him a MacArthur Fellowship in 2013 and an honorary doctorate from the Stockholm School of Economics in 2019. is a pioneer in behavioral finance, best known for founding and authoring the influential book Behavioral Portfolio Management. With over 35 years in academia and finance, he developed a groundbreaking approach that challenges traditional investment theory by focusing on how investors actually behave, revolutionizing portfolio management through a behavioral data-driven strategy. is a financial coach specializing in behavioral finance and financial psychology. With a background in accounting, law, and economics, she helps self-employed individuals and small business owners align their financial decisions with their goals and values, focusing on both practical strategies and the psychology behind money habits. is an Assistant Professor at ’s Department of Personal Financial Planning, where she specializes in financial therapy, financial well-being, and the dynamics of couples' financial interactions, and has published extensively on these topics while also contributing as a board member of the and co-editor of the Financial Planning Review. Key Highlights: Cognitive Biases Unveiled: According to Colin Camerer, “Fear and greed are real and are actually in the brain.” He explains how these emotions manifest during market bubbles, revealing deep insights into investor behavior. Recognizing these mental states can help investors maintain discipline amidst market fluctuations. The Power of Planning: Tom Howard highlights that “myopic loss aversion is the most important mistake that investors make,” emphasizing the role of structured investment plans and predefined sell rules. By anchoring decisions to clear guidelines, investors can mitigate the biases that lead to costly errors. Aligning Financial Decisions with Values: Annika Echarti stresses the significance of aligning financial choices with personal values to overcome emotional biases. This strategic alignment helps investors make decisions that not only benefit their portfolios but also align with their life goals. The Role of Emotional Intelligence: Megan McCoy advocates for the development of emotional intelligence to recognize financial biases. Through self-awareness and exercises like the money egg, investors can unpack early money-related experiences to better understand their current biases. Call-to-Action Here’s what I want you to do: the next time you’re about to make an investment decision—pause. Ask yourself: Is this decision based on a solid strategy, or is it driven by emotion? Write down your reasoning before taking action. Even just becoming aware of your thought process can help you make smarter choices. Let’s start investing more intentionally and less emotionally. Let me know in the comments—what’s one bias you’ve noticed in your own financial decisions? Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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The Art of Negotiation: Strategies for Success in Personal and Financial Matters
02/28/2025
The Art of Negotiation: Strategies for Success in Personal and Financial Matters
Why This Episode Is a Must-Listen Negotiation is an art form that many find intimidating. Whether it's asking for a raise, buying a car, or even splitting vacation costs, negotiation is a critical skill that can impact every aspect of your life. This episode of Inspired Money breaks down negotiation strategies with renowned experts who share their secrets for achieving successful outcomes. If you've ever felt unprepared or nervous about negotiating, this is the episode you can't afford to miss. Meet the Expert Panelists Keld Jensen: A globally acclaimed negotiation strategist, author, and speaker ranked number three in the world by Global Gurus in 2025. Keld's books focus on behavioral economics and trust-based deal-making, transforming negotiation practices worldwide. Dr. Joshua Weiss: A Senior Fellow at the Harvard Negotiation Project and author of "Getting Back to the Table." His expertise lies in negotiation, conflict resolution, and leadership, making him a go-to source for approaching detailed negotiation intricacies. Linda Swindling: A negotiation expert and author of "Ask Outrageously!" Linda empowers leaders to confidently navigate high-stakes deals and communication challenges, drawing on her rich background as an attorney and mediator. Dr. Susan Heitler: With a career as a clinical psychologist, Dr. Heitler’s books and widely-viewed TEDx talks explore conflict resolution techniques crucial for couples and families, highlighting negotiation's emotional dynamics. Key Highlights Preparation is Key: Keld Jensen emphasizes the necessity of preparation in negotiation, stating, "Not preparing is the same as preparing for failure." He suggests negotiating on how to negotiate to ensure all parties are on the same page. Embrace Emotional Intelligence: Dr. Joshua Weiss advocates for using emotions constructively in negotiations to align with real concerns rather than suppressing them. He notes, "If you don't ask for something in negotiation, you're never going to get it." Practice Makes Perfect: Linda Swindling encourages building negotiation confidence by practicing with strangers and in everyday situations, transforming discomfort into success over time. Active Listening is a Superpower: According to Dr. Susan Heitler, active listening can transform negotiation dynamics, making room for solutions that respect all parties' interests and strengthen relationships. Call-to-Action Here’s my challenge for you this week: Think about an upcoming negotiation you might have—whether it's at work, at home, or even haggling for a better deal. Take just 10 minutes to prepare by outlining your objectives, anticipating the other party’s needs, and considering how you’ll communicate effectively. You might be surprised by how much more confident and in control you feel! Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Retirement Travel Adventures: Exploring New Horizons in Luxury
02/20/2025
Retirement Travel Adventures: Exploring New Horizons in Luxury
Why This Episode Is a Must-Listen Are you ready to redefine retirement travel? Whether you dream of luxury cruises, guided tours, or experiencing life as a full-time traveler, this episode of Inspired Money opens up endless possibilities. Discover how retirees are embracing adventurous travel while sticking to budget-friendly strategies. Our panel delves into the mental, social, and personal benefits of travel, offering insights that make luxurious experiences attainable without straining your finances. Meet the Expert Panelists Tim Leffel: An award-winning travel writer and author, Tim specializes in budget-conscious travel and expat living. His books, such as “The World's Cheapest Destinations” and “A Better Life for Half the Price,” offer valuable insights for maximizing experiences while minimizing costs. Doug Nordman: A retired US Navy submariner, Doug achieved financial independence at 41 and now helps military families navigate early retirement. He authored “The Military Guide to Financial Independence and Retirement,” sharing practical strategies for wealth-building and fulfilling post-military life. Phil and Jeannie Titus: Retired educators turned full-time travelers, the Tituses have embraced a nomadic lifestyle since 2023. Traveling across Europe, Asia, Australia, and the Americas, they live comfortably on their teacher pensions, demonstrating how to stretch dollars while living life on the road. Key Highlights 1. The Power of Slow Travel Doug Nordman emphasizes the joy and depth that slow travel brings: “For us, the two biggest expenses of slow travel are the airfare…and lodging.” By staying in one place longer, retirees can delve deeper into local cultures and communities while reducing costs significantly. 2. Currency Advantage in Travel Tim Leffel advises leveraging favorable currency rates to make the most of travel budgets: “The dollar is not always strong, so when it is, take advantage of it.” Planning travel around strong currency can provide a luxury experience at a fraction of the cost. 3. Building Social Connections on the Move Phil and Jeannie Titus highlight how removing ties to a permanent home fosters unexpected friendships: “One encouraging word…travel reinstills faith in humanity. There are so many good-hearted people.” Their journey illustrates the profound social benefits of embracing a nomadic lifestyle. Call-to-Action Take a small step toward your dream retirement travel experience this week. Research a travel rewards program, scope out long-term stay options in a country you've always wanted to visit, or start decluttering your home to rethink what truly brings happiness. Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Financial Education for Kids: Teaching Children About Money and Building a Strong Financial Foundation
02/13/2025
Financial Education for Kids: Teaching Children About Money and Building a Strong Financial Foundation
Why This Episode Is a Must-Listen In today's fast-paced digital world, children are bombarded with messages about money. But are they learning the right lessons? Our latest episode of Inspired Money dives deep into the crucial topic of financial literacy for kids. Learn from a panel of experts who are at the forefront of transforming how our younger generations understand money, from earning and saving to investing wisely. Meet the Expert Panelists Neale Godfrey: A pioneering financial literacy expert and New York Times bestselling author, Neale has empowered millions with her Kids and Money movement. Check out her book, “Money Doesn't Grow on Trees.” Sam X Renick: As a children's author and founder of SammyRabbit.com, Sam is a champion of great money habits for kids. His platform features engaging stories and songs to instill financial wisdom early on. Bobbi Rebell: A seasoned financial journalist and author of “Launching Financial Grownups,” Bobbi helps parents guide their teens to financial independence through actionable strategies and workshops. Paul Sullivan: With a rich background as the former Wealth Matters columnist for the New York Times, Paul shares insights into teaching smart money habits and offers guidance from his book “The Thin Green Line.” Key Highlights Foundational Money Habits: Sam Renick emphasizes, “Saving is a great habit.” By introducing simple, short messages around saving and spending, families can instill life-transforming money habits in children. Real-life Financial Lessons: Neale Godfrey shares the value of linking tangible money lessons with digital financial literacy. From earning allowances to understanding bank statements, children gain a comprehensive money education. Financial Decision-making: Bobbi Rebell highlights the importance of educating children through real-world scenarios, like balancing the diverging financial situations of friends: “By being kind to your friend and intentional with your money, you maintain relationships and learn about yourself.” Distinguishing Wealth from Riches: Paul Sullivan uses real-life examples to distinguish between having money and being wealthy, emphasizing the freedom and choices that true financial well-being offers. Call-to-Action This week, schedule a financial conversation with a child in your life. Share your own money lessons, perhaps involving them in setting a small savings goal or budgeting for a family activity. Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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The Psychology of Money: Exploring the Emotions and Behaviors That Influence Financial Decisions
02/06/2025
The Psychology of Money: Exploring the Emotions and Behaviors That Influence Financial Decisions
Why This Episode Is a Must-Listen Money isn't just numbers; it's deeply emotional. Hosted by Andy Wang, this episode of Inspired Money explores the psychology behind financial decisions. We often believe we're making logical choices, but the truth is, biases, emotions, and subconscious beliefs steer our financial behavior more than we think. Understanding these elements can transform not just our financial outcomes, but our entire approach to wealth. Meet the Expert Panelists MSFP, APFC®, FBS® is a US Navy veteran, financial coach, educator, and consultant, nationally recognized for her expertise in financial coaching, financial therapy, and addressing the racial wealth gap. She is the founder of (a training organization) and serves as the Director of Financial Planning Programs at , where she develops and facilitates financial capability programs and coaching certifications to promote equitable access to high-quality financial guidance for all. is a behavioral scientist, financial coach, and researcher with a background in clinical psychology and behavioral medicine. As A Principal Consultant at and an adjunct professor at , she helps people to build healthier relationships with money through coaching, education, and evidence-based financial strategies. is CEO of Uzume LLC, where she provides financial planning and consulting services to individuals and families. She previously founded and built Daruma Capital Management into a $2.5 billion firm with a distinctive, non-traditional approach to investing. With over 30 years of experience as a small-cap stock picker, she now helps clients navigate personal finance, entrepreneurship, and life transitions, drawing from her deep expertise in business, investing, and her multicultural heritage. Key Highlights: 1. The Impact of Cognitive Biases Martha Menard discusses how stress and emotional states can lead to irrational financial decisions. She explains how automatic saving mechanisms like 401(k) plans can help manage cognitive overload. 2. Money Scripts and Financial Behavior Saundra Davis shares her personal journey, highlighting how childhood financial instability shaped her adult money scripts. She emphasizes the importance of awareness and compassion in reshaping these scripts. 3. Interplay of Emotions in Financial Decision Mariko Gordon speaks about the essential role of emotions and body wisdom in investment decisions. She draws parallels between money habits and food consumption, underscoring the complexity of personal biases. Call-to-Action Your Challenge This Week: Take one step toward improving your relationship with money. Here’s how: Spend five minutes writing down your biggest financial fear or belief. Where do you think it comes from? Is it serving you, or holding you back? Awareness is the first step toward change. Let me know in the comments or send me a message—what did you discover? Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Exploring Passive Income Streams: Creating Financial Freedom Through Passive Investments
01/31/2025
Exploring Passive Income Streams: Creating Financial Freedom Through Passive Investments
Why This Episode Is a Must-Listen Discover the journey to financial freedom through passive income strategies with insights from experts in real estate, online businesses, and dividend investing. Whether you're aiming to build wealth, diversify income streams, or simply explore new investment strategies, this episode is packed with valuable lessons and actionable advice that can help you take control of your financial future. Meet the Expert Panelists , known as the "Warren Buffett of Lifestyle Investing" by Entrepreneur Magazine, is the founder of The Lifestyle Investor and a leading expert in low-risk cash flow investing. He is a Wall Street Journal and USA Today bestselling author of The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom, and he has helped countless individuals create wealth and achieve financial independence through his straightforward investment strategies. transitioned a licensed engineer to full-time real estate investing and authored The Wealth Elevator: Real Estate Syndications, Accredited Investor Banking, and Tax Strategies for First-Gen Millionaires. As the founder of the Passive Investor Accelerator & Mastermind and Simple Passive Cashflow, Lane helps middle-class investors build wealth through syndications in multi-family apartments, RV parks, and mobile homes, offering access to deals once reserved for the wealthy. is an author, entrepreneur, and the host of the award-winning Side Hustle Show podcast, where he shares practical strategies and business ideas to help people earn money outside their day jobs. As the founder of , Nick is passionate about empowering aspiring entrepreneurs to create extra income streams and take control of their financial futures. is a personal finance expert, speaker, and founder of , a platform dedicated to helping people make money, save money, and achieve financial independence. Known for paying off $52,000 of debt in just 18 months, Deacon is the author of You Can Retire Early!, a practical guide to financial independence, and has been featured in outlets such as Forbes, CNN Money, and US News & World Report. "For most people, they build their wealth via concentration and then ultimately grow it through diversification." - Justin Donald Key Highlights: 1. Real Estate Investing: Lane Kawaoka shares his journey from engineering to real estate investing, emphasizing that today's market requires creative strategies for property investing due to higher prices. 2. Digital Income Models: Nick Loper discusses the potential of digital assets like online content, income from blogs, and affiliate marketing. He emphasizes the importance of diversifying traffic sources and income channels. 3. Tax Strategies: Deacon Hayes highlights the importance of understanding tax implications and finding a tax strategist to optimize returns across different passive income streams. 4. Building a Passive Business: Justin Donald talks about creating an online presence and leveraging AI for newsletters and other digital content to maximize reach and engagement. Call-to-Action Challenge for this week: Pick one passive income idea that resonated with you today and take the first step. That could be: ✅ Researching your first dividend stock and setting up a brokerage account ✅ Looking at real estate if you’re interested in property investing ✅ Brainstorming a digital product or affiliate marketing strategy to start an online income stream Whatever it is—start small, but start today. Let us know in the comments or on social media what passive income path you're exploring! Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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The Power of Philanthropy: Making a Difference Through Charitable Giving
01/23/2025
The Power of Philanthropy: Making a Difference Through Charitable Giving
Why This Episode Is a Must-Watch Winston Churchill once said, "We make a living by what we get, but we make a life by what we give." Have you ever pondered the true impact of philanthropy and how you can make a difference beyond monetary donations? Whether you are a seasoned philanthropist or just starting to explore the power of giving, this episode of Inspired Money is essential viewing. Learn from top experts on how to give smarter, more meaningfully, and create a significant impact through collective and strategic philanthropy. Meet the Expert Panelists is the founding CEO of Philanthropy Together, where she’ss growing a global movement of collective giving to resource grassroots nonprofits, shift power dynamics, and diversify philanthropy. A philanthropy disruptor and expert in collective giving, Sara frequently speaks at high-profile events like TED and Netroots Nation, sharing her vision for democratizing philanthropy and empowering everyone to become a philanthropist. Dr. is the founder of and former head of ’s global philanthropic efforts, where he oversaw community investments and employee contributions for over a decade. Currently a Distinguished Practitioner at the , Dr. Badshah is the author of Purpose Mindset: How Microsoft Inspires Employees and Alumni to Change the World and a leading voice in leveraging corporate and philanthropic resources for global social impact. is the founder and CEO of , the leading platform for giving circles, which empowers donors to pool resources and create greater impact together, helping to democratize and diversify philanthropy. With a background in social entrepreneurship and nonprofit strategy, Emily has pioneered innovative fundraising models, previously serving as the founding Executive Director of ’s Center for Ballet and the Arts and leading initiatives at Lincoln Center and Enterprise Solutions to Poverty. is the faculty co-director for executive education programs at the and a philanthropy advisor with Wise Philanthropy™, where he guides foundations and individual philanthropists on strategic decision-making. With decades of experience, Marker has served as CEO of a major foundation, taught globally, and coined the term "philanthro-ethics" to address ethical considerations in philanthropy. Key Highlights 1. The Power of Collective Giving Emily Rasmussen of Grapevine emphasized how giving circles can pool resources to create a significant impact. "Collaborative funds not only increase the amount of money donated, but they also direct funds to underfunded grassroots organizations," stated Emily. This democratizes philanthropy and ensures a diversified funding landscape for meaningful change. 2. Trust-Based Philanthropy Dr. Akhtar Badshah passionately argued the need to move beyond traditional giving. "We need to rethink how we want young people to feel part of the community and show up with purpose," said Akhtar. He believes in rebuilding trust and focusing on showing up as part of the community beyond just financial contributions. 3. Transparent and Ethical Giving Richard Marker's insights into ethical philanthropy revolved around transparency and the ethical use of power. "If a grantee can say no to a funder, that means there's a level of trust that can move the discussion along," remarked Richard. This underlines the importance of maintaining transparency and balancing the power dynamics in philanthropic relationships. 4. Leveraging Technology Sara Lomelin and Emily Rasmussen both highlighted the transformative role of technology. From facilitating remote giving circles to equalizing access to information, tech enables broader participation and efficient, impactful giving. During the COVID-19 pandemic, platforms like Grapevine and Zoom ensured continuous support to nonprofits when they needed it the most. Call-to-Action Inspired by this discussion? Take a step towards purposeful philanthropy today. Find one step you can take to give more intentionally this week. Maybe it’s joining a giving circle (check out Grapevine if you’re curious!) or pooling resources with friends to support a local nonprofit. Or, simply take some time to reflect on the causes that matter most to you and make a donation—no matter the size. Small steps add up to big change, especially when we give together. Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Investing for Retirement Growth: Beyond Stocks and Traditional Assets
01/16/2025
Investing for Retirement Growth: Beyond Stocks and Traditional Assets
Why This Episode Is a Must-Watch The rules of retirement investing are changing. With alternative investments now making up over 12% of global portfolios, institutions like Harvard and Yale have long used private equity, hedge funds, and real assets to enhance returns and reduce risk. But just because you can, does it mean you should? In this episode of Inspired Money, we explore real estate, alternative investments, digital currencies, ESG strategies, and risk management—uncovering different perspectives on whether these strategies truly belong in your retirement portfolio. Whether you’re rethinking your financial future or exploring new opportunities, this conversation will provide actionable insights to help you invest smarter. Meet our Expert Panelists , is the Founder and CEO of , specializing in alternative investments and portfolio solutions for financial advisors. Known as the “Queen of Alternatives,” Shana is a sought-after speaker and media contributor, leveraging her two decades of industry expertise and personal resilience to advocate for women in finance and demystify complex investment strategies. , the “Retirement Answer Man,” is a Certified Financial Planner with 27+ years in finance. Author of “Rock Retirement” and founder of the Rock Retirement Club, he's also the voice behind the popular Retirement Answer Man podcast that has over 8 million downloads. is a labor economist and retirement security expert, serving as the Bernard L. and Irene Schwartz Professor of Economics at for Social Research, where she also directs the Schwartz Center for Economic Policy Analysis and the Retirement Equity Lab. Known for her influential work on pension reform, she proposed Guaranteed Retirement Accounts to address the retirement savings crisis, and has authored several books, including Rescuing Retirement, How to Retire With Enough Money, and Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy. successfully built a substantial real estate portfolio that began while stationed in Germany and Korea. He managed to acquire over 20 properties and be debt-free. Today, he is retired from the military and living off the passive income generated by his 30+ properties. Rich is based in Montgomery, Alabama, where he’s a realtor, he manages his investments, and you can learn about building wealth through real estate on his TikTok and YouTube channels—Rich on Money. , is a veteran portfolio manager, fintech consultant, and investing expert dedicated to simplifying wealth-building strategies. Author of Invest and Beat the Pros, Personal Finance: An Encyclopedia of Modern Money Management, and How to Get Rich Without Winning the Lottery, her work has been featured in U.S. News & World Report, Investopedia, and Yahoo Finance. Visit her YouTube channel and for more information. Key Highlights 1. Critique of the Current Retirement System Teresa Ghilarducci stressed her concerns about the retirement crisis, largely attributing it to the shift towards individual retirement accounts, which she believes have been unsuccessful. She highlighted, “The median amount of retirement assets to supplement Social Security is zero.” Ghilarducci elaborated that for those with retirement accounts, the median amount is only $90,000—insufficient for a stable retirement. She argued that the existing 401(k) system has failed to provide adequate retirement savings for workers and called for a more robust, professionally managed system akin to pensions. Furthermore, Ghilarducci expressed apprehension about including alternative asset strategies in individual retirement accounts, emphasizing the challenges and risks associated with such a do-it-yourself approach. 2. The Role of Alternative Investments Shana Orczyk Sissel discussed the potential benefits of including alternative investments in retirement portfolios, albeit with proper education and sizing. She noted, “The evidence suggests that a 20% allocation in that space…is kind of the optimal way to do it.” Sissel highlighted that these alternatives, such as managed futures and option strategies, can offer significant diversification and risk management benefits, challenging the idea that only traditional investments should be used. 3. Simplicity in Retirement Planning Roger Whitney, the Retirement Answer Man, emphasized the importance of simplicity in retirement planning, advocating for a straightforward approach over the complexity of alternative investments. He stated, “What are you trying to solve for first? If you are at retirement, you're trying to solve to meet the liabilities of your spending over a period of time. You're not trying to solve for alpha.” Whitney cautioned that the increasing availability of alternative investments is often just marketing, adding unnecessary execution risks to portfolios. He suggested that many retirees would benefit from focusing on simpler, more manageable investment strategies. 4. Personal Success with Real Estate Rich Carey shared his motivation behind investing in real estate, which was driven by his 20-year career in the military. While many perceive the military as a stable path leading to a pension after 20 years, Carey noticed periodic downsizings every four to five years, where personnel could be abruptly let go. He expressed his concern about potentially being discharged before completing his 20 years and missing out on the military pension. To safeguard his financial future, Carey began building a real estate portfolio to generate passive income. This way, even if he wasn't able to secure a military retirement, he would still have a stable income stream to rely on as he transitioned back into the civilian workforce. 5. Barbara Friedberg: Fees and Risks in Alternative Investments Barbara Friedberg raised significant concerns regarding the fees and risks associated with alternative investment products, particularly those available through newer crowdfunding apps. She cautioned, “Look at the fees because fees are inversely correlated with returns. And typically hedge funds have huge fees.” Friedberg stressed the importance of understanding the underlying products and potential losses, emphasizing that high fees can severely impact returns and should be a key consideration for investors. Call-to-Action Take a look at your current retirement plan and identify one area where you could diversify. Whether it's adding a bit of real estate exposure, exploring ESG investments, or looking into digital assets, make it a point to start researching options. Even a small change can make a big difference over time. Find the channel on or listen to Inspired Money in your favorite podcast player. , Host/Producer of Inspired Money
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Mastering Credit: Tips for Building and Maintaining a Strong Credit Score
01/09/2025
Mastering Credit: Tips for Building and Maintaining a Strong Credit Score
In this episode of the Inspired Money Live Stream Podcast, we discuss how emotional spending affects your financial health and the strategies you can use to break free from it. Our panel of experts includes Dr. Preston D. Cherry, Chi Chi Wu, Ted Rossman, and Rocky Lalvani, who share actionable tips to help you master your credit and regain control of your finances. Understanding Emotional Spending and Credit Emotional spending often leads to poor credit habits and increased financial stress. The key to recovery is understanding the connection between your emotions, spending habits, and credit score. This episode breaks down the impact of emotional spending and offers practical solutions to help you rebuild your financial confidence. Episode Insights What is a Credit Score? Our experts discuss how credit scores are calculated and the impact they have on financial opportunities. How Emotional Spending Affects Credit: Learn how emotional decisions can lead to overspending, missed payments, and lower credit scores. Actionable Strategies: Discover tools to monitor credit, manage debt, and develop healthier financial habits. Building Credit for Long-Term Success Mastering your credit starts with understanding its components. Chi Chi Wu explains how credit reporting agencies work and the importance of regularly reviewing your credit report. Errors in credit reports are more common than you might think, and addressing them quickly can save you money and stress. Key Takeaways: Check your credit report at least once a year. Dispute inaccuracies promptly. Focus on maintaining low credit utilization and making on-time payments. Tools and Tips to Improve Your Credit Improving your credit doesn’t have to be overwhelming. Ted Rossman shares tips for fast improvement, such as using secured credit cards and becoming an authorized user on someone else’s account. Dr. Preston Cherry emphasizes the importance of budgeting and building healthy financial habits to support long-term credit health. Avoiding Credit Pitfalls Credit misuse can have long-term consequences. Rocky Lalvani highlights the risks of emotional spending and credit mismanagement. Store cards and deferred interest plans may seem tempting but can lead to high-interest debt if not managed carefully. Our panel offers advice on avoiding these common traps. Credit Scores and Major Life Decisions Your credit score plays a crucial role in major life milestones like renting, buying a home, or securing a loan. Chi Chi Wu discusses the dangers of short-term loans and how they can damage your credit. The panel also addresses how aligning your financial goals with your credit strategy can improve your overall financial well-being. Protecting Your Credit Scams and fraud are growing threats to credit health. Chi Chi Wu explains how freezing your credit can protect you from identity theft, while Ted Rossman offers tips for securing your accounts and safeguarding your credit profile. Key Takeaways: Freeze your credit if you suspect fraud. Monitor your accounts regularly. Teach your children about credit early and consider freezing their credit to protect their future. Meet Our Esteemed Guests Dr. Preston D. Cherry, AFC®, CFT-I™, CFP® Founder of Concurrent Financial Planning and author of Wealth in the Key of Life (Wiley, 2024), Dr. Cherry helps individuals align wealth with well-being. Chi Chi Wu Senior attorney at the National Consumer Law Center, specializing in consumer credit issues and advocating for transparency and fairness in credit reporting. Ted Rossman Senior industry analyst at Bankrate, helping consumers navigate credit cards and personal finance. Rocky Lalvani Founder of Profit Comes First and host of the Richer Soul podcast, empowering small business owners to achieve financial success.
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Unlock Purpose and Happiness with Dr. Jordan Grumet | The Purpose Code Explained
01/04/2025
Unlock Purpose and Happiness with Dr. Jordan Grumet | The Purpose Code Explained
In this episode of the Inspired Money Live Stream Podcast, we discuss the intersection of purpose, happiness, and financial independence with Dr. Jordan Grumet. Known for his expertise as a hospice physician and financial educator, Dr. Grumet introduces his new book, The Purpose Code: How to Unlock Meaning, Maximize Happiness, and Leave a Lasting Legacy. Through this lens, he shares actionable insights to overcome "purpose anxiety" and align your life with what truly matters. Discovering Purpose Through Practical Steps Purpose often feels elusive, especially when juggling life’s demands. Dr. Grumet sheds light on how to distinguish between Big P Purpose and small p purpose, offering a practical framework to identify meaning in everyday life. This episode explores how financial freedom can act as a tool to empower purpose, rather than an endpoint, and why focusing on legacy can reshape priorities. 🕒 Episode Insights Big P vs. Small p Purpose: Dr. Grumet defines these concepts and explains how they affect our lives. Purpose Anxiety: Understand how to overcome this common hurdle to personal fulfillment. Happiness and Connection: Insights from the Harvard Study on happiness and relationships. Purpose as a Lifelong Journey: Learn why purpose evolves over time and how to adapt to these changes. Legacy Beyond Wealth: Redefining success to include impact and connection. Purpose Anxiety and Its Solutions Purpose anxiety often arises when people chase lofty, societal definitions of success. Dr. Grumet emphasizes the value of embracing small, meaningful actions. By focusing on incremental changes and revisiting childhood interests, individuals can realign with their authentic purpose. The Role of Financial Freedom Financial independence is often viewed as the pinnacle of achievement. However, Dr. Grumet challenges this narrative, suggesting that money should support a meaningful life, not define it. He offers practical strategies to shift from saving for later to living purposefully now. Practical Takeaways Overcoming Fear of Change: Strategies to navigate uncertainty and embrace new paths. Time and Money as Tools: How to balance these resources to prioritize what matters most. Incremental Steps to Purpose: Practical ways to identify and amplify purposeful activities. Tracking Purposeful Time: Techniques to evaluate and adjust daily routines for fulfillment. Leaving a Legacy: Redefining success through relationships and impact. About Dr. Jordan Grumet Dr. Jordan "Doc G" Grumet is a hospice doctor, author, and host of the Earn & Invest podcast. His first book, Taking Stock, explored the intersection of financial independence and regret-free living. The Purpose Code expands on these ideas, offering actionable insights to find meaning and maximize happiness. Visit his website at or listen to his podcast at . Key Discussion Points How societal pressures shape our understanding of purpose. The flexibility of purpose over a lifetime. Lessons from real-life examples of people redefining their purpose. Join the Conversation This blog post is brought to you by Runnymede Capital Management in collaboration with EaglesVision and the Inspired Money live-stream podcast series. Watch this episode to learn how Dr. Grumet’s insights can guide you toward a purposeful, fulfilling life. 📘 Order your copy of The Purpose Code today! Release Date: January 7, 2025. Watch the full episode here:
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Inspired Money 2024: Lessons Learned and What’s Next?
12/20/2024
Inspired Money 2024: Lessons Learned and What’s Next?
In this episode of the Inspired Money Live Stream Podcast, host Andy Wang and Executive Producer Bradley Jon Eaglefeather review the highlights of Inspired Money 2024. They revisit key moments, share behind-the-scenes stories, and discuss the lessons learned throughout the year. As the show continues to evolve, they also offer a preview of what’s ahead in 2025. Reflecting on the Evolution of Inspired Money Inspired Money 2024 brought together diverse voices and topics to inform, challenge, and inspire. From financial independence strategies to sustainable investing, the series explored how money intersects with purpose and progress. This episode looks back on pivotal discussions and examines how audience feedback shaped new directions. It’s a fitting conclusion to a year of growth, innovation, and connection. Episode Insights Memorable Guests and Lessons The year featured engaging conversations with leading voices in finance, sustainability, and personal growth. Key highlights include: Jacob Lund Fisker: On early retirement and minimalism, redefining what financial independence can look like. Dr. Judith Wright: Exploring the complex dynamics between money and relationships. Jordan Grummet: Connecting purpose to life after financial independence. These conversations highlighted practical tips while offering new ways to think about wealth and fulfillment. Addressing Financial Challenges Inspired Money 2024 tackled critical issues such as student loan management and credit-building strategies. Notable episodes featured: Matt Schultz (LendingTree): Insights on credit card trends and pitfalls. Sustainable Investing with Charlie Kleissner: A look at balancing returns with impact. Buy Now, Pay Later Trends: Examining the consumer risks of installment payment plans. Each discussion provided actionable advice for navigating modern financial challenges. Passion Investments and Collectibles Passion-driven investments became a major theme in 2024, offering ways to combine personal enjoyment with financial growth. Ed Bolian and Bruce Meyer: Shared insights on collecting and restoring classic cars. Andrew Behar: Discussed tools for ESG and impact investing. These episodes emphasized the importance of aligning investments with values and interests. Challenges and Growth The podcast also addressed the behind-the-scenes realities of production. Andy Wang and Bradley Eaglefeather share stories of overcoming technical hurdles, balancing live-stream unpredictability, and adapting to an ever-changing audience. They discuss how these experiences informed their approach to planning future episodes, ensuring content remains relevant and impactful. Looking Ahead 2025 promises exciting new directions for Inspired Money. Upcoming episodes will focus on: Expanding topics to include global perspectives on wealth-building. Highlighting diverse voices and underrepresented viewpoints. Exploring emerging trends in alternative investments and financial technology. The goal is to continue fostering meaningful conversations that empower and educate. Meet Our Hosts Andy Wang Host of the Inspired Money podcast, Andy brings years of experience in financial planning and storytelling. His approachable style makes complex topics relatable and actionable for a broad audience. Bradley Jon Eaglefeather Executive Producer of Inspired Money, Bradley oversees content strategy and production. His dedication to creating impactful stories ensures the show remains a trusted resource for listeners.
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Classic Cars as Retirement Investments: Driving into the Golden Years with Style
12/11/2024
Classic Cars as Retirement Investments: Driving into the Golden Years with Style
In this episode of the Inspired Money Live Stream Podcast, we discuss classic cars as retirement investments, an alternative asset class gaining attention for its financial potential and emotional rewards. Our panel of experts includes Leslie Kendall, Chief Historian at the Petersen Automotive Museum, Phillip Griot, President and CEO of Griot’s Motors, and Andrew Shirley, creator of the Knight Frank Luxury Investment Index. Together, they share their expertise on market trends, valuation strategies, and maintenance essentials. Understanding the Allure of Classic Car Investments Classic cars combine financial potential with personal satisfaction, making them an attractive choice for retirement investments. Unlike traditional assets, these vehicles carry a rich history and cultural significance, offering long-term appreciation and emotional connection. This episode covers everything from selecting the right vehicles to understanding the risks involved. Whether you’re a collector or a first-time investor, these insights can help you navigate this exciting market. 🕒 Episode Insights Financial Benefits of Classic Cars Classic cars have shown steady returns over time. Andrew Shirley explains how these vehicles consistently rank high on the Knight Frank Luxury Investment Index, driven by rarity, craftsmanship, and historical value. Key trends include: The rising popularity of 1980s and 1990s models, reflecting generational shifts. Increased demand for limited-production cars with strong provenance. How cultural touchpoints, like appearances in movies or TV shows, enhance a car’s value. Key Criteria for Investment Leslie Kendall emphasizes the importance of originality and historical significance when selecting vehicles. Phillip Griot highlights the value of low-production models and timeless designs, which tend to perform well in the market. Examples of popular investment models include: Jaguar E-Type: Known for its iconic design and engineering excellence. Ferrari 308 GTB: Gaining recognition for its blend of style and performance. Porsche 911: A classic that continues to attract strong demand across generations. Maintenance and Preservation Proper maintenance is critical for preserving the value of classic cars. Phillip Griot advises prioritizing climate-controlled storage and professional servicing. Leslie Kendall stresses that maintaining originality, rather than over-restoring, is key to maximizing returns. Essential practices include: Regular inspections to address wear and tear. Proper storage to protect against environmental damage. Using trusted professionals for repairs and restoration. Neglecting maintenance can lead to diminished returns, making it essential to prioritize care. Emotional Rewards of Ownership Classic cars offer more than financial returns—they provide a sense of pride and connection to history. Owners often find joy in driving their vehicles, attending shows, and building relationships within the car enthusiast community. Phillip Griot shares stories of retirees who turned their passion for cars into fulfilling hobbies, creating memories while preserving automotive history. Risks to Consider While classic cars are a rewarding investment, they come with unique challenges. Maintenance costs, market volatility, and restoration pitfalls can impact returns. The panel emphasizes the importance of working with trusted experts and conducting thorough due diligence. Balancing passion with a clear investment strategy can help mitigate these risks.. Building a Balanced Portfolio Classic cars are a valuable addition to a diversified portfolio, offering financial growth alongside personal enjoyment. As Andrew Shirley notes, these vehicles transcend generations, making them both a legacy and an investment. This episode provides actionable insights for balancing your portfolio with alternative assets like classic cars, watches, and fine wines. Meet Our Guest Panelists Leslie Kendall Chief Historian at the Petersen Automotive Museum, Leslie oversees one of the world’s most comprehensive automotive collections. His expertise provides deep insights into the cultural and financial significance of classic cars. Phillip Griot President and CEO of Griot’s Motors, Phillip specializes in car restoration, consignment, and collector car storage. His practical advice helps investors maximize returns while enjoying their vehicles. Andrew Shirley Director at Knight Frank and creator of the Knight Frank Luxury Investment Index, Andrew offers expertise on passion assets, tracking trends across classic cars, fine art, and more.
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Investing in the Metaverse: Exploring the Future of Digital Assets and Virtual Economies
11/26/2024
Investing in the Metaverse: Exploring the Future of Digital Assets and Virtual Economies
In this episode of the Inspired Money Live Stream Podcast, host Andy Wang discusses the growing opportunities in the Metaverse. Joined by Aaron McDonald (CEO of Futureverse), Nonny de la Peña (immersive storytelling pioneer), Sarbjeet Johal (cloud strategist), and Philip Rosedale (creator of Second Life), the panel unpacks the dynamics of virtual economies, NFTs, and blockchain. Why the Metaverse Matters for Investors The Metaverse has emerged as a digital economy offering significant opportunities for investment. Virtual real estate, NFTs, and blockchain-based assets are changing the way value is created and exchanged. This episode covers the technologies, risks, and strategies behind this next-generation ecosystem. 🕒 Episode Insights Aaron McDonald: Discusses innovations driving interoperability in digital ecosystems through Futureverse. Nonny de la Peña: Highlights immersive storytelling’s ability to build empathy and create value in virtual worlds. Philip Rosedale: Explores virtual real estate dynamics and insights from his experience creating Second Life. Sarbjeet Johal: Provides clarity on blockchain’s role in building trust for transactions in the Metaverse. Meet Our Guest Panelists Aaron McDonald: CEO of Futureverse, a leader in building interoperable digital ecosystems. Nonny de la Peña: Founder of Emblematic Group and a pioneer in immersive storytelling. Philip Rosedale: Creator of Second Life and innovator in virtual economies. Sarbjeet Johal: Cloud strategist and blockchain expert with over two decades of experience.
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The Entrepreneurial Mindset: Thinking Like a Business Owner for Financial Success
11/13/2024
The Entrepreneurial Mindset: Thinking Like a Business Owner for Financial Success
Building Financial Resilience Through Entrepreneurial Thinking Developing an entrepreneurial mindset is essential for achieving financial independence and long-term growth. In Episode 56 of the Inspired Money Live Stream Podcast, industry leaders John Mullins, Rachel Renock, and Leslie Walton share their strategies and experiences to help individuals think like business owners. The conversation covers building resilient income streams, fostering adaptability, and prioritizing ethics in decision-making. Developing the Entrepreneurial Mindset Entrepreneurship is not just about starting a business; it’s about thinking critically, managing risks, and remaining adaptable. This episode provides strategies for personal and professional financial growth by focusing on ethics, innovation, and building trust. Whether it’s understanding how to grow multiple income streams or adopting smart financial practices, this discussion highlights actionable insights for all. 🕒 Episode Insights Six Key Mindsets: John Mullins explains how focusing on customer problems, narrowing target markets, and leveraging customer funding can reduce risks and increase success. Scaling with Innovation: Rachel Renock shares her transition from a service-based business to a scalable SaaS platform. Values and Ethics: Leslie Walton emphasizes aligning business goals with personal values and the importance of character in building trust. Managing Risks: Learn to differentiate between commercial and financial risks to maintain long-term financial stability. Using AI Strategically: The panel discusses how entrepreneurs can leverage AI as a tool without losing creativity or authenticity. The Entrepreneurial Mindset as a Path to Success Entrepreneurs approach challenges with a solution-oriented perspective. Instead of avoiding risks, they manage them strategically while staying agile in dynamic environments. Panelists emphasize that this mindset is not reserved for business founders but can be applied to personal finances and career growth. Problem-First Thinking: John Mullins highlights the importance of solving specific customer problems and narrowing target markets for impactful growth. Adapting to Challenges: Leslie Walton discusses lessons from underserved communities, stressing adaptability as a cornerstone of financial and entrepreneurial success. Scaling Smartly: Rachel Renock shares how Wethos transitioned from a service-based business to a scalable SaaS platform, proving that calculated pivots lead to exponential growth. Navigating Financial Risks and Opportunities Managing risk effectively is key to financial resilience. The panel discusses: Commercial vs. Financial Risks: Mullins advises entrepreneurs to avoid taking on high levels of both types simultaneously. Leveraging Innovation: Renock explains how tools like AI can streamline operations without sacrificing authenticity. Ethical Entrepreneurship: Walton emphasizes aligning financial goals with integrity to build trust and sustainable businesses. The Role of Integrity in Long-Term Success Ethical practices aren’t just good for business—they are critical to sustaining success. Entrepreneurs who build trust with their customers, employees, and investors are better equipped to navigate uncertainty and drive loyalty. Mullins cites examples like Tesla’s pre-order strategy, which relies on trust to secure customer funding. Takeaways for Aspiring Entrepreneurs Adopting an entrepreneurial mindset means: Staying adaptable in the face of change. Focusing on solving real problems for customers. Building financial strategies grounded in ethics and long-term thinking. Balancing innovation with authenticity. Meet Our Guest Panelists : Associate Professor at London Business School, author of Break the Rules!, and an expert in entrepreneurship. : CEO of Wethos, driving financial empowerment for freelancers through innovative pricing tools. : Founder of A Cents of Change, empowering minority-owned businesses through financial education. Balancing Ambition with Integrity Success doesn’t come solely from financial gain; it’s also about building something meaningful. By cultivating an entrepreneurial mindset, individuals can create wealth that aligns with their values while maintaining the adaptability needed to thrive in today’s fast-paced world. Tune in to Episode 56 of the Inspired Money Live Stream Podcast to learn how you can think like an entrepreneur, manage risks, and create a financially and ethically resilient future.
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Financial Resilience: Navigating Unexpected Challenges and Bouncing Back Stronger
11/01/2024
Financial Resilience: Navigating Unexpected Challenges and Bouncing Back Stronger
In this episode of the Inspired Money Live Stream Podcast, we focus on building financial resilience. Host Andy Wang brings together a panel of experts to discuss strategies for handling financial challenges and emerging stronger. Guests include Vicki Robin, author of Your Money or Your Life; Joe Saul-Sehy, financial expert and host of Stacking Benjamins; Anne Lester, a retirement savings specialist; and Yanely Espinal, creator of MissBeHelpful. This episode highlights essential practices like setting up emergency funds, managing debt effectively, and developing a resilient mindset. Why Financial Resilience Matters Financial resilience is the capacity to manage and recover from financial setbacks. Creating an emergency fund, reducing debt, and adopting strong financial habits are crucial steps. In this episode, experts share practical advice on budgeting, saving, and adapting to unexpected expenses to create a solid foundation for financial resilience. 🕒 Episode Insights Defining Financial Resilience – Vicki Robin emphasizes the importance of financial resilience as a foundation for sustainable living. She stresses the role of community in providing support during challenging times. Practical Saving Tips – Joe Saul-Sehy discusses the necessity of an emergency fund. Setting aside a small portion of income regularly can provide stability when facing unforeseen events. Retirement and Long-Term Planning – Anne Lester shares steps to achieve financial security through retirement planning. Her advice focuses on making saving a priority for a stable future. Making Financial Literacy Relatable – Yanely Espinal highlights ways to introduce financial literacy to younger generations, making financial resilience an achievable goal from an early age. Building an Emergency Fund An emergency fund is essential for financial resilience. This fund serves as a buffer for unexpected costs, such as medical bills or job loss. Starting small, with consistent savings, can create a reliable safety net over time. The panelists offer strategies for building an emergency fund without straining other financial goals. Reducing Debt and Strengthening Financial Habits Debt management plays a significant role in achieving financial resilience. Addressing high-interest debt first and celebrating small wins helps create momentum toward debt reduction. In this episode, our experts discuss methods to manage debt efficiently and underline the importance of financial literacy in developing resilient financial habits. Investing with Resilience in Mind Part of financial resilience involves investing thoughtfully. Starting small and focusing on steady, long-term growth is a common approach. Anne Lester and Yanely Espinal offer advice on sustainable, community-focused investments that promote stability and align with long-term goals. Avoiding Lifestyle Inflation Controlling lifestyle inflation is also vital to financial resilience. It’s easy to increase spending as income rises, but this habit can weaken financial stability. Our experts provide tips on managing lifestyle inflation, encouraging listeners to keep spending aligned with their core financial goals. Practicing Financial Resilience Over Time Financial resilience is a continuous practice. Regularly reviewing finances, setting realistic goals, and sticking to a budget are essential for maintaining a stable financial foundation. This episode offers insights into building financial habits that can sustain resilience in the long term. Meet Our Guest Panelists Vicki Robin – Author, speaker, and sustainability advocate, Vicki Robin co-authored the classic Your Money or Your Life, a guide to mindful financial practices. Her latest projects include her podcast, What Could Possibly Go Right?, which explores themes of community resilience. Joe Saul-Sehy – Former financial advisor Joe Saul-Sehy is best known as the host of Stacking Benjamins, a popular podcast that simplifies finance for listeners. His unique perspective combines industry knowledge with a relatable approach to money management. Anne Lester – Anne Lester, a retirement savings expert and former Head of Retirement Solutions at J.P. Morgan, is dedicated to educating Americans on financial security. Her book, Your Best Financial Life, focuses on building retirement savings habits that support long-term financial resilience. Yanely Espinal – Financial educator and YouTube personality Yanely Espinal uses her channel, MissBeHelpful, to deliver accessible and high-energy financial guidance. Her mission is to make financial literacy relevant for younger generations, drawing from her own experience with debt freedom. Taking Action Toward Financial Resilience This episode of Inspired Money encourages practical actions to build financial resilience. Establishing an emergency fund, managing debt, and planning for the future are steps that can lead to a secure and confident financial life.
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Investing in Real Estate: Opportunities and Considerations for Wealth Building
10/23/2024
Investing in Real Estate: Opportunities and Considerations for Wealth Building
In Episode 54 of the Inspired Money Live Stream Podcast, we focus on real estate as a pathway to wealth-building. Our expert panel, including Kathy Fettke, a rental property strategist, Joseph Gozlan, a multifamily investment specialist, Dana Dunford, a property management innovator, and Rob Abasolo, a short-term rental expert, shares valuable strategies for success. This episode covers essential aspects like financing, market research, and legal considerations, offering practical advice for both novice and experienced investors. Understanding Real Estate as a Wealth-Building Tool Real estate is increasingly recognized as a reliable asset class for income generation and wealth growth. Unlike stocks, it provides tangible, income-producing assets and acts as a hedge against inflation. The episode offers perspectives on diverse real estate investment types, including long-term rentals, short-term properties, and REITs, making it relevant to a broad range of investment goals. 🕒 Episode Insights Rental Properties as Wealth Builders Kathy Fettke explores how long-term rental properties can generate steady income and build equity. By strategically selecting high-growth markets, she highlights how buy-and-hold investments become powerful wealth-building tools. Multifamily Real Estate Investments Joseph Gozlan shares the advantages of multifamily investments. By pooling resources, investors can acquire larger properties with stronger cash flow potential, creating diversified income streams across multiple units. Tech-Driven Property Management Dana Dunford introduces technology that simplifies property management, especially for out-of-state or remote property owners. From tenant screening to maintenance, these tools streamline operations, making them accessible for investors at any scale. Short-Term Rental Strategies Rob Abasolo discusses the benefits of short-term rentals. By leveraging creative booking approaches, Rob reveals how investors can achieve high occupancy rates and revenue growth, even in competitive markets. The Rise of Real Estate as an Investment Real estate remains a favored asset class for wealth-building due to its stability and growth potential. Kathy, Joseph, Dana, and Rob each highlight aspects that investors must consider, including financing solutions, understanding local regulations, and staying informed about market trends. Their insights reinforce real estate’s role in a diversified portfolio, offering both steady income and long-term appreciation. Risks and Considerations in Real Estate Investing As with any investment, real estate comes with risks. The panel stresses the importance of proper market analysis, thorough due diligence, and understanding legal requirements. For new investors, starting with small properties and working with experienced advisors can mitigate potential pitfalls. Kathy, Joseph, Dana, and Rob emphasize a balanced approach, combining practical knowledge with realistic expectations to reduce financial risks. Building a Balanced Investment Portfolio Real estate complements traditional investments like stocks and bonds by adding stability and growth potential. By diversifying into rental properties, multifamily units, or short-term rentals, investors can achieve both personal satisfaction and financial growth. This episode underscores the value of blending real estate with traditional assets, ensuring portfolio resilience and steady growth over time. Meet Our Guest Panelists Kathy Fettke CEO of Real Wealth Network, Kathy Fettke specializes in wealth-building through rental properties. She is the bestselling author of Retire Rich with Rentals and host of the Real Wealth Show podcast, where she shares insights into real estate and economic trends. Joseph Gozlan A commercial real estate broker and multifamily investment specialist, Joseph Gozlan manages acquisitions exceeding $30 million through EBG Commercial Management. With experience overseeing 500+ units, Joseph is also the author of The Real Estate College Fund. Dana Dunford CEO of Hemlane, Dana Dunford co-founded a tech-enabled property management platform that supports real estate investors. With an MBA from Harvard, Dana helps investors manage properties remotely, promoting a streamlined approach to property management. Rob Abasolo Known as Robuilt on YouTube, Rob Abasolo is a real estate investor specializing in creative short-term rentals. His unique properties across the U.S. and engaging content make him a top voice in Airbnb and short-term rental strategies. Building a Secure Financial Future Establishing generational wealth is a complex, ongoing process. It requires regular reassessment of financial goals, investment portfolios, and the education of younger family members. To maintain wealth for future generations, clear strategies, open communication, and strategic planning are crucial. Join the conversation by tuning into this Inspired Money podcast episode, where the experts dive into the strategies for sustaining family wealth. Discover actionable insights that can help secure a lasting financial legacy for your family.
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Building Generational Wealth: Strategies for Long-Term Financial Success
10/16/2024
Building Generational Wealth: Strategies for Long-Term Financial Success
In this episode of the Inspired Money live-stream podcast, we discuss the concept of generational wealth and how to achieve long-term financial success. Our expert panel features renowned professionals James E. Hughes Jr., Kirby Rosplock, PhD, Andrew Howell, and Rabbi Daniel Lapin. Each expert brings a wealth of knowledge to the table, providing clear strategies for building and preserving family wealth across generations. Understanding Generational Wealth Generational wealth refers to assets passed down from one generation to the next. It often includes real estate, investments, businesses, or other valuable assets. Establishing generational wealth can secure your family's financial future, help align family values, and increase financial literacy among younger generations. 🕒 Episode Insights Welcome & Overview: The episode begins with an introduction to the importance of generational wealth and its impact on families over time. Jay Hughes on Legacy: James E. Hughes Jr. discusses maintaining both financial and human capital. He emphasizes aligning family values with wealth preservation to ensure long-term success. Kirby Rosplock on Wealth Transfer: Dr. Rosplock explains how strategic wealth transfers can benefit families. She highlights key approaches for asset protection and smooth transitions. Estate Planning with Andrew Howell: Andrew Howell covers critical aspects of estate planning, explaining how to use trusts and other structures to safeguard assets. Rabbi Lapin on Financial Wisdom: Rabbi Daniel Lapin shares insights into combining traditional values with modern wealth-building strategies. He also explores the role of education in preparing heirs for wealth management. Maintaining Generational Wealth Building and preserving wealth is not only about accumulating assets—it involves strategic planning and proactive education. Core Strategies for Building Generational Wealth Focus on Financial Education: Educating family members about financial principles, investment options, and money management is vital. Teaching the next generation early can help sustain wealth over time. Leverage Trusts and Estate Plans: Trusts offer flexibility and protection for assets. Proper estate planning can prevent unnecessary tax burdens and legal issues. Invest in Diverse Assets: Diversification is a cornerstone of wealth building. Investments in real estate, equities, and businesses can provide a steady flow of income and increase the likelihood of long-term growth. Align Values with Wealth Goals: Families should have open discussions about their values and how they relate to financial planning. Setting clear goals can help maintain unity and commitment to wealth preservation. Prepare Heirs for Responsibility: Introducing heirs to the basics of finance and investment can help them manage wealth responsibly. Consider mentorship and education programs to guide heirs through financial decision-making. Addressing Wealth Transfer Challenges Wealth transfer involves both opportunities and challenges. It requires a balance of emotional intelligence, strategic planning, and clear communication among family members. Here are some common issues families face: Erosion of Wealth: Without proper planning, taxes, legal disputes, and family disagreements can erode wealth over time. Family Tensions: Conflicts may arise if heirs are not aligned on wealth goals or lack understanding of financial responsibilities. Lack of Preparedness: Heirs must be adequately trained to manage substantial assets; otherwise, mismanagement could lead to financial loss. Meet Our Guest Panelists James E. Hughes Jr. is a leading figure in family wealth management, focusing on human and intellectual capital. He emphasizes maintaining a holistic legacy beyond just financial assets. Kirby Rosplock, PhD, is the founder of Tamarind Partners and an expert in family office management. She brings strategic solutions for wealth transfer and asset protection. Andrew Howell is the co-founder of York Howell, specializing in estate planning for high-net-worth families. He is also the co-author of Entrusted: Building a Legacy That Lasts. Rabbi Daniel Lapin blends ancient financial wisdom with modern principles, helping individuals understand the spiritual and practical aspects of wealth creation. Building a Secure Financial Future Establishing generational wealth is a complex, ongoing process. It requires regular reassessment of financial goals, investment portfolios, and the education of younger family members. To maintain wealth for future generations, clear strategies, open communication, and strategic planning are crucial. Join the conversation by tuning into this Inspired Money podcast episode, where the experts dive into the strategies for sustaining family wealth. Discover actionable insights that can help secure a lasting financial legacy for your family.
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Navigating Student Loans: Strategies for Managing and Paying Off Student Debt
10/09/2024
Navigating Student Loans: Strategies for Managing and Paying Off Student Debt
In this Inspired Money episode, experts Mark Kantrowitz, Dr. Sonia Lewis, Caitlin Zaloom, and Rae Kaplan share insights on managing student loans. They cover repayment plans, loan consolidation, and refinancing options, giving listeners practical tools to handle student debt effectively. Kantrowitz discusses ways to maximize federal aid, while Dr. Lewis highlights strategies for creating manageable repayment plans. Zaloom examines the family impact of student loans, and Kaplan offers legal advice on navigating loan obligations. Understanding Student Loan Repayment Options Student loans are a major financial burden for many, yet they can be manageable with the right strategies. The episode explores various repayment plans, consolidation options, and refinancing opportunities. Each has unique benefits and drawbacks, so it’s essential to find the approach that best aligns with your goals and finances. 🕒 Episode Insights Maximizing Federal Aid: Mark Kantrowitz covers how to apply for federal aid and maximize available funds. Programs like income-driven repayment adjust monthly payments based on income, making it easier to manage loans. Effective Repayment Plans: Dr. Sonia Lewis emphasizes crafting repayment plans that match individual financial situations. Borrowers can adjust payments, navigate loan types, and find resources for relief. Consolidation vs. Refinancing: Rae Kaplan explains the differences between loan consolidation and refinancing. She helps borrowers understand when it’s beneficial to combine federal loans and how refinancing can lower private loan interest rates. Family Impact of Student Debt: Dr. Caitlin Zaloom examines how student loans affect families, impacting financial decisions across generations. She explores the trade-offs that families make to afford college, and the broader implications on society. Key Points in Student Loan Management Repayment Options: The episode breaks down options like standard and income-driven repayment plans. Understanding these plans helps borrowers find what works for their situation. Loan Consolidation: Federal consolidation can simplify payments but might increase total interest. It’s best for those looking to streamline multiple loans into one monthly payment. Refinancing Opportunities: Refinancing is useful for private loans if lower interest rates are available. It’s important to understand that refinancing federal loans means losing some protections. Loan Forgiveness Programs: The panel discusses options like Public Service Loan Forgiveness, which benefits those in qualifying public service jobs. Risks and Considerations Student loans need a balanced approach. While refinancing may lower rates, it could mean losing federal benefits. Consolidation simplifies payments but might increase overall costs. Understanding options and consulting advisors can help borrowers make informed decisions. Meet Our Guest Panelists Mark Kantrowitz: A respected expert on student financial aid and author of several books on college financing, including How to Appeal for More College Financial Aid. Dr. Sonia Lewis: CEO of The Student Loan Doctor LLC, the nation’s first African American and woman-owned student loan repayment company. Caitlin Zaloom: NYU professor and author of Indebted: How Families Make College Work at Any Cost, focusing on the effects of student debt on family life. Rae Kaplan: Attorney at Kaplan Law Firm, offering legal guidance on student loan debt and bankruptcy solutions.
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Mindful Wealth: Cultivating a Balanced Approach to Financial Success
10/04/2024
Mindful Wealth: Cultivating a Balanced Approach to Financial Success
In this episode of the Inspired Money Live Stream Podcast, we discuss how mindfulness can transform the way you approach wealth and financial well-being. Our expert panel includes sustainable investing advocate Marco Vangelisti, financial therapist Amanda Clayman, wealth and wellness coach Leah Davis, and Leisa Peterson, author of The Mindful Millionaire. They share practical insights on how mindful practices can reduce financial stress, improve decision-making, and align finances with personal values. What is Mindful Wealth? Mindful wealth focuses on aligning financial decisions with personal values. This episode explores strategies like sustainable investing, mindful spending, and reducing money-related stress. The panel discusses how these practices can boost both financial health and overall well-being. They cover the role of gratitude, generosity, and ethical investing in building a successful financial life. 🕒 Episode Insights Mindful Financial Planning: Amanda Clayman explains how mindfulness in budgeting and spending can lower financial anxiety. This approach helps people make thoughtful choices and reduce stress. Aligning Investments with Values: Marco Vangelisti emphasizes the benefits of sustainable investing. He shares tips for choosing investments that reflect your values and support positive change. Financial Empowerment through Mindfulness: Leah Davis focuses on how mindfulness can help women, especially women of color, gain control over their finances. She highlights the importance of financial literacy and self-awareness. Integrating Gratitude and Generosity: Leisa Peterson explains how gratitude can improve financial well-being. She encourages adopting generous habits, which can bring a sense of fulfillment and reduce anxiety. Building Financial Autonomy: The panel provides strategies for managing debt, building income streams, and avoiding comparisons to others. They discuss the importance of making financial decisions based on personal goals, not external pressures. Tips for Mindful Budgeting and Spending Amanda Clayman discusses how to practice mindful budgeting by staying aware of emotional triggers and setting realistic goals. By focusing on intentional spending, people can make choices that support their financial and personal well-being. The panel also shares tips for managing debt mindfully and increasing awareness of spending patterns. Ethical and ESG Investing Marco Vangelisti promotes ESG (Environmental, Social, and Governance) investing as a way to earn returns while making a positive impact. He provides guidance on how to integrate ESG factors into investment choices. Leah Davis also explains how beginners can start with sustainable investing that matches their values. Managing Financial Anxiety Amanda Clayman shares techniques for reducing financial stress, including the importance of self-compassion. Marco Vangelisti adds that focusing on long-term goals can help reduce the pressure to make quick financial decisions, leading to a healthier relationship with money. The Role of Gratitude and Generosity in Financial Wellness Leisa Peterson highlights how gratitude can positively impact financial habits. Leah Davis explains that generosity can create a sense of abundance and help reduce financial worries. Together, these practices can improve your overall financial well-being and bring a deeper sense of satisfaction. Meet Our Guest Panelists Marco Vangelisti: A pioneer of Positive and Restorative Investing™, Marco has over two decades of experience in finance, focusing on ethical investing and financial literacy. He is a founding member of Slow Money and an advocate for aligning investments with social responsibility. Amanda Clayman: A respected financial therapist, Amanda helps individuals navigate the intersection of emotions and money. Her work includes hosting the Audible Original podcast “Emotional Investment” and creating financial wellness courses for LinkedIn Learning. Leah Davis: As a Wealth and Wellness Coach, Leah empowers women, especially women of color, to achieve financial stability through mindfulness and financial education. She combines holistic coaching methods to promote financial independence. Leisa Peterson: Author of The Mindful Millionaire, Leisa is a financial coach who helps individuals connect self-worth with financial success, encouraging mindful approaches to building wealth.
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The Future of Retirement: Navigating Changing Trends and New Possibilities
10/02/2024
The Future of Retirement: Navigating Changing Trends and New Possibilities
In this episode of the Inspired Money Live Stream Podcast, we discuss the future of retirement. Our panelists, Gary Brode, Catherine Collinson, and Marci Alboher, explore how retirement is changing and what it means for financial security, health, and fulfillment. Producer's Note: Aubrey de Grey and Dan Ariely were originally scheduled to appear on this episode but could not make it due to technical difficulties. We will try to book them again in the future. Understanding the Shifts in Retirement Planning Retirement is not just about financial security anymore. It’s also about health, purpose, and fulfillment. In this episode, we discuss how longer life expectancies, new technology, and shifting career paths are changing retirement. Our panelists offer strategies for adapting to these changes. 🕒 Episode Insights Longer Lifespans: Catherine discusses how living longer affects retirement planning and why it’s important to plan early. Career Transitions: Marci shares insights on reinventing careers in later life and the benefits of intergenerational work. Healthcare Costs: Gary explains how to plan for rising healthcare costs and why personal savings are essential. Investment Strategies: We look at how to adjust investments for a retirement that may last 30 years or more. Social Aspects of Retirement: Marci talks about the psychological impact of retirement and how to stay connected. Intergenerational Learning: Catherine explores the value of financial literacy across generations. Lifelong Learning: The panel discusses new opportunities for learning and retraining at any age. Financial Strategies for a Secure Retirement The episode explores diverse approaches to retirement planning, from traditional investment vehicles to newer options that account for a longer retirement horizon. Gary Brode shares insights on how to prepare for financial stability, discussing the importance of balancing risk and return, as well as the role of contingency planning in addressing unforeseen expenses. Navigating Healthcare and Long-Term Care Costs Healthcare is a critical component of retirement planning, as the rising costs of healthcare services and long-term care affect nearly all retirees. The panel discusses strategies for managing these costs, with Catherine Collinson offering insights into insurance options and savings strategies to ensure that healthcare needs don’t derail retirement plans. Embracing Lifelong Learning and Career Flexibility The concept of “slash careers”—where retirees balance multiple pursuits, such as consulting, mentoring, or pursuing hobbies—was a focal point of the conversation. Marci Alboher explains how retirees are redefining this phase of life by taking on new challenges, engaging in part-time work, and even starting businesses. This approach not only provides a sense of purpose but also offers financial benefits and social connections. The Social and Psychological Aspects of Retirement A fulfilling retirement requires attention to emotional well-being. This episode addresses the psychological shift from a career-focused life to retirement, highlighting the importance of staying socially engaged, exploring new interests, and finding ways to give back to the community. Meet Our Guest Panelists Gary Brode Gary Brode, Managing Partner at Deep Knowledge Investing, provides market insights and strategies for building a stable retirement. His career includes roles in M&A and portfolio management. Catherine Collinson As CEO and President of the Transamerica Institute, Catherine Collinson has nearly three decades of expertise in retirement trends and financial security. She leads research to improve retirement outcomes for diverse populations. Marci Alboher Marci Alboher, Vice President at CoGenerate, is a leading expert on career transitions and intergenerational collaboration. She is the author of The Encore Career Handbook and offers insights into adapting to retirement’s evolving dynamics.
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Portfolio Perspectives: Balancing Watch, Wine, and Car Investments
09/21/2024
Portfolio Perspectives: Balancing Watch, Wine, and Car Investments
In this episode of the Inspired Money Live Stream Podcast, we dive into alternative investments, focusing on luxury watches, rare wines, and classic cars. Our panel of experts, including Dan Spitz, master watchmaker and former Anthrax guitarist, Jasem Al Zeraei, a Patek Philippe enthusiast, Nick Baldelli-Boni, founder of "Cars in Tuscany," and Brian Freedman, a wine and spirits writer. The panel shares their invaluable insights on how these passion-driven assets can diversify portfolios and offer financial rewards. Understanding the Allure of Passion Investing Alternative investments such as high-end watches, rare wines, and classic cars are gaining popularity. For their potential to offer both personal satisfaction and portfolio diversification. Unlike traditional assets, these tangible investments carry a rich history and cultural significance, making them both emotionally and financially rewarding. This episode covers everything from market trends to valuation, maintenance, and the risks involved in building a portfolio with these collectibles. 🕒 Episode Insights Luxury Watch Market Trends: Dan Spitz shares insights into the vintage watch boom and why iconic brands like Patek Philippe are seeing exponential growth. Wine as an Investment: Brian Freedman discusses the growing interest in fine wines, exploring how climate change is impacting the industry, and how collectors can mitigate risks. Classic Cars: Nick Baldelli-Boni delves into the intricacies of classic car investments, focusing on the rarity and long-term value of vintage Ferraris. Pandemic Effects on Watch Collecting: Jasem Al Zeraei examines shifts in watch investing since the pandemic, highlighting trends in accessibility and liquidity. The Rise of Luxury Watches as Investment Assets Luxury watches, particularly from brands like Patek Philippe and Rolex, have shown consistent market growth, driven by scarcity and craftsmanship. Dan Spitz, a third-generation master watchmaker, brings his deep expertise into the discussion, touching on the intricacies of restoring vintage pieces and the importance of maintenance. Jasem Al Zeraei adds to the conversation by explaining how social media and global watch communities have influenced collectors’ decisions. For those interested in watches, it’s important to note that the market can be highly volatile. While top-tier watches are generally strong performers, lesser-known brands can provide surprising opportunities if buyers are knowledgeable about the product. Investing in Fine Wine: Trends and Tips The wine investment market has become increasingly sophisticated, with factors such as rarity, vintage, and provenance playing critical roles. Brian Freedman’s analysis of fine wine trends highlights the challenges posed by climate change and the evolving preferences of global consumers. The discussion also touches on the importance of proper wine storage and avoiding counterfeit bottles. Wine investors must consider professional ratings, provenance, and even the potential for long-term enjoyment. Diversifying your collection by investing in wines from emerging regions, such as South Africa, can offer untapped opportunities. Classic Cars: Icons of Value and Culture Classic cars remain a favorite among collectors, not just for their aesthetics and history but also for their financial potential. Nick Baldelli-Boni explains how rarity and proper maintenance can drastically increase a car’s value over time, with vintage Ferraris leading the charge. He stresses the importance of passion in making these investments, as the energy and enthusiasm behind the purchase often translate into more informed and careful buying decisions. Maintaining these vehicles is a key factor in preserving their value. Just like watches, proper care and servicing are essential for ensuring a vehicle’s long-term viability as an investment. Risks to Consider in Passion Investing While luxury watches, fine wines, and classic cars offer attractive opportunities, they come with their own set of risks. In the case of watches, Dan Spitz warns of counterfeit parts and fake movements, an issue that is becoming more prevalent with advancements in technology. For wine collectors, the risks of counterfeit bottles and improper storage can easily erode the value of a collection. Classic car collectors must contend with rising maintenance costs and potential restoration challenges that can impact long-term returns. Our panel emphasizes the importance of working with trusted experts, doing extensive due diligence, and considering the potential emotional satisfaction when making these investments. Diversification remains key; balancing passion with a clear-eyed investment strategy can help mitigate these risks. Building a Balanced Portfolio Balancing passion-driven investments with traditional assets is a strategy that allows for both personal enjoyment and financial growth. Whether you’re starting with watches, wines, or cars, it’s critical to stay informed about market dynamics and trends. This episode offers valuable insights from collectors who have not only turned their passions into investments but have also gained a deeper understanding of how these collectibles can provide long-term value. Meet Our Guest Panelists Dan Spitz is a third-generation Master Watchmaker and former lead guitarist of the legendary thrash metal band Anthrax. He boasts three Grammy nominations, over 30 million albums sold, and a prestigious background in haute horlogerie, having studied at the renowned WOSTEP in Switzerland and served as the head complications specialist for Chopard. Jasem Al Zeraei, known as @Patekaholic on Instagram, is a prominent figure in the watch community, celebrated for his deep passion and expertise in Patek Philippe collecting, which earned him a place on the jury of the prestigious Grand Prix d'Horlogerie de Genève in 2019. Nick Baldelli-Boni is the founder of "Cars in Tuscany," a platform dedicated to showcasing classic and luxury cars against the scenic backdrop of Tuscany, blending his passion for automobiles with the rich cultural and visual appeal of the Italian countryside. Brian Freedman is a wine, spirits, travel, and food writer, and a consultant for corporate and private clients. A regular contributor to Food & Wine, Forbes, and Whisky Advocate, he also hosts tastings and events. His acclaimed book, Crushed: How A Changing Climate Is Altering the Way We Drink, was published in 2022 and released in paperback in 2023. Join the Conversation This blog post is brought to you by Runnymede Capital Management, in collaboration with and the . Learn how to diversify your portfolio with passion-driven investments in watches, wine, and cars.
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Investing in Yourself: Strategies for Personal and Professional Growth
09/19/2024
Investing in Yourself: Strategies for Personal and Professional Growth
In this episode of the Inspired Money Live Stream Podcast, we focus on how personal and professional growth can transform your career. Our panel of experts—Bobby Umar, William Arruda, Stella Collins, and Claire Wasserman—share their strategies for investing in yourself to unlock new opportunities and achieve long-term success. Practical Approaches to Personal and Professional Growth Investing in yourself is essential for achieving career growth and personal satisfaction. This episode, "Investing in Yourself: Strategies for Personal and Professional Growth," provides a comprehensive look at how self-development and skill-building can elevate your career. Our distinguished guests offer practical advice and proven strategies to enhance your personal and professional journey. 🕒 Episode Insights Personal Branding: Bobby Umar discusses how building an authentic personal brand can set you apart and unlock leadership opportunities. Lifelong Learning: William Arruda highlights the importance of continuous learning and how leveraging your unique strengths can drive career success. Neuroscience in Learning: Stella Collins explains how applying neuroscience principles can enhance learning and improve skill acquisition. Empowerment for Women: Claire Wasserman emphasizes the importance of financial empowerment and continuous growth for women aiming to advance in their careers. Key Strategies for Personal Growth Our expert panelists reveal the following key strategies for personal and professional growth: Building Resilience: Cultivate resilience by embracing challenges and learning from setbacks. Bobby and Claire share methods to build mental toughness and confidence. Ongoing Education: Investing in continuous education through formal training or self-guided learning is crucial to staying relevant in today’s job market. William and Stella offer insights into how learning can accelerate your career. Networking and Mentorship: Developing strong professional connections is critical to career advancement. Both William and Bobby stress the value of networking and mentorship in personal growth and career development. Networking and Personal Branding One of the major themes in this episode is the importance of networking and personal branding. Your ability to connect with others and clearly communicate your unique value is essential for career success. The panelists share their experiences and provide actionable steps for building a strong professional network and maintaining an impactful personal brand. Meet Our Guest Panelists Bobby Umar: A motivational speaker and business coach, Bobby helps leaders build personal brands and discover their authentic purpose. William Arruda: A personal branding expert and founder of Reach Personal Branding, William inspires professionals to embrace their unique strengths. Stella Collins: A neuroscience-based learning expert and co-founder of Stellar Labs, Stella helps businesses upskill their teams for long-term success. Claire Wasserman: Founder of Ladies Get Paid, Claire is an advocate for women’s financial empowerment and career advancement. Join the Conversation We invite you to share your thoughts on personal growth strategies. Comment below or join us on social media with the hashtag #InspiredMoney. Start your journey to personal and professional success by applying the practical tips shared in this episode. This blog post is brought to you by Runnymede Capital Management, in collaboration with and the . Take actionable steps to invest in yourself and drive your career forward.
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The Psychology of Spending: Unraveling the Influences Behind Our Financial Choices
09/10/2024
The Psychology of Spending: Unraveling the Influences Behind Our Financial Choices
In this episode of the Inspired Money Live Stream Podcast, host Andy Wang and a panel of financial experts tackle how psychological and emotional factors shape our spending habits. With insights from Dr. Judith Wright, Dr. Bob Wright, Dr. Megan McCoy, and Maggie Klokkenga, this episode breaks down the key influences behind financial decisions and offers strategies to develop healthier spending practices. Understanding the Psychology of Spending Our financial choices are driven by more than just needs; psychological triggers and emotional factors play a significant role. In The Psychology of Spending, we focus on how subconscious behaviors impact our spending and offer practical solutions to manage these impulses. 🕒 Episode Insights Psychological Triggers in Spending Dr. Judith Wright explains how marketers use emotions such as scarcity and fear of missing out (FOMO) to influence consumer behavior. Emotional Spending Dr. Megan McCoy addresses how stress, boredom, and social influences lead to impulsive purchases and offers strategies for healthier coping mechanisms. Practical Financial Tips Maggie Klokkenga shares easy-to-apply strategies to prevent overspending, such as unsubscribing from marketing emails and using the cash envelope system. Money Scripts and Childhood Beliefs Dr. Bob Wright discusses how childhood experiences shape our financial mindset and how to shift these limiting beliefs. Financial Literacy and Mindful Spending The panel emphasizes the importance of improving financial literacy and tracking expenses to align spending with long-term goals. Key Takeaways for Healthier Spending This episode provides valuable insights for anyone looking to gain control over their financial habits. By understanding the psychological and emotional factors behind our spending, listeners can learn how to make more informed and intentional financial decisions. Join the Conversation We encourage you to share your thoughts and experiences with managing spending habits. What financial practices have worked for you? Let’s discuss strategies that help foster better financial decision-making and mindful spending. Meet Our Guest Panelists Dr. Judith Wright – Expert in emotional intelligence and human potential, discussing how subconscious behaviors impact spending. Dr. Bob Wright – Specialist in human development, offering insights on how societal pressures shape financial decisions. Dr. Megan McCoy – Financial therapist and professor specializing in emotional spending and financial well-being. Maggie Klokkenga, CFP™ – Certified Financial Planner™ and financial coach, sharing practical strategies for mindful spending.
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The Mindset of Abundance: Unlocking Your Financial Potential
09/03/2024
The Mindset of Abundance: Unlocking Your Financial Potential
Shift Your Mindset to Unlock Financial Potential In this episode of the Inspired Money Live Stream Podcast, we discuss how an abundance mindset can significantly impact your financial well-being. Thought leaders Gay Hendricks, Dr. Noah St. John, Rachel Marie Martin, and Cliff Ravenscraft share their expertise on how adopting this mindset can help you achieve your financial goals. Actionable Strategies for Financial Growth Your mindset plays a crucial role in reaching financial success. In "The Mindset of Abundance: Unlocking Your Financial Potential," our panel provides practical advice and mental shifts that can transform your approach to money. This episode is packed with insights that will help you transition from a scarcity mindset to one of abundance. 🕒 Episode Insights Overcoming Psychological Barriers: Gay Hendricks explains how breaking free from a scarcity mindset can open the door to financial success. Revolutionizing Affirmations: Noah St. John introduces AFFORMATIONS®, a method designed to reframe your thoughts and promote financial abundance. From Struggles to Success: Rachel Marie Martin discusses how to find joy and financial success even in challenging circumstances. Mindset Coaching for High Achievers: Cliff Ravenscraft shares how overcoming limiting beliefs has helped him reach his highest potential. Implementing an Abundance Mindset This episode offers a guide to cultivating an abundance mindset. It covers a range of techniques, including visualization and daily habits that can help you realize your financial potential. Each speaker provides unique insights into how you can adjust your mindset for better financial outcomes. Join the Conversation We encourage you to think about your current financial mindset and explore how the strategies shared in this episode can help you improve. Share your thoughts, ask questions, or suggest topics for future discussions. Let’s work together to build a mindset that supports financial abundance. Meet Our Guest Panelists Gay Hendricks is a psychologist, author, and speaker known for his work on personal transformation, including his book "The Big Leap." Dr. Noah St. John is a success coach and the creator of AFFORMATIONS®. He helps clients achieve financial success and is the author of "The 7-Figure Expert." Rachel Marie Martin is an author and speaker who focuses on resilience, motherhood, and finding joy. She connects with a global audience through her work. Cliff Ravenscraft is a Master Business Strategy and Mindset Coach who guides individuals to overcome limiting beliefs and achieve their dreams.
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