Mike Zaccardi, CFA, CMT, provides expertise on analyzing investments and writing on personal finance, in addition to occasionally teaching at the University of North Florida. He loves to communicate financial information in a down-to-earth, easy-to-understand way. While he enjoys crunching the numbers and analyzing portfolios, Mike always keeps a focus on what it means for clients.
In this episode, Mike Zaccardi shares his unique journey, from breaking into the financial sector to managing power generation during tumultuous times such as the Texas energy snafu. As he dives into his transition from teaching and trading to full-time freelance writing, Mike highlights the importance of balancing work and life. Storytelling emerges as a recurring theme, underpinning his teaching methods and adding depth to financial narratives. Through captivating tales, he underscores the power of narrative in finance and its potential to influence investors. Personal experiences, including a life-changing stroke in 2020, add a layer of introspection, emphasizing the true value of life beyond just money.
"My advice would be, do what you can to identify what your passions are. What is it that when you're doing it, you lose all track of time? It doesn't have to be the most fun thing ever. But if it's something that really motivates you, and drives you, that'll be kind of a clue." - Mike Zaccardi
This week on Traversing Entrepreneurship:
Managing power generation for a power company.
How Mike broke into the financial industry.
Behavioral aspects of trading.
Transitioning from the working world to the retired world.
Using stories to humanize teaching.
The power of storytelling and how it helps investors.
Advice to someone who wants to start their own business
Our Favorite Quotes:
"The fact that who we are today is shaped by our experiences. But our future, we own our futures, and those things can certainly be changed." - Mike Zaccardi
"I had a stroke back in 2020. That changed my perspective on life very quickly, I became mortal. I'm not gonna worry about whether I have my full emergency fund, – I'm still going to keep an emergency fund. But I'm not worried if I go 10 grand under my emergency fund, because we wanted to do something that is an experience." - Derek Dall'Olmo
"Storytelling is certainly powerful. Everything that we're wired for is, is geared towards stories." - Mike Zaccardi
"You don't want to be married to a job and you don't want your identity necessarily to be your job. Those are very hard things to negotiate as an individual." - Derek Dall'Olmo
Connect with Mike Zaccardi:
Email: Mike@tremontefinancial.com
About TreMonte and Traversing Entrepreneurship Podcast
Traversing Entrepreneurship is a show for and about business owners in Traverse City, Michigan and beyond. In each episode, co-hosts Derek Dall'Olmo and Melissa Niedzielski sit down with local business owners and the professionals who serve them to talk about business building, life, money, taxes, family — and all the ups and downs that come with doing something different. Join us to hear their stories and lessons learned — and to get inspired about what might be possible in your own business.
Derek and Melissa work together at TreMonte Financial Consultants, LLC and TreMonte TreMonte Tax Solutions, LLC (together referred to as "TreMonte"). TreMonte works with business owners and entrepreneurs to develop a proactive tax strategy that maximizes after-tax profits. It is TreMonte's goal to bridge the gap between Financial Advisors and Accountants by serving as CFO to their clients.
This show is for informational purposes only and should not be viewed as personalized financial, investment, tax, or legal advice. You should always consult an attorney or tax professional regarding your specific legal or tax situation.
Please email Derek Dall'Olmo at derek@tremontefinancial.com with questions and comments or to schedule a one-on-one conversation.
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