Shows
Life Money Balance® PodcastAre Social Security Benefits Taxable? Gen X Are Shocked About the Tax TrapsDr. Preston Cherry explains why many Gen Xers are caught off guard when they find out—yes, your Social Security can be taxed. Up to 85% of your benefits could be taxable if your income crosses certain thresholds—thresholds that haven’t kept up with inflation. If you've saved diligently or have extra income from side gigs or investments, you could be looking at a smaller Social Security check than expected. The surprise? It’s all perfectly legal—and avoidable with the right planning.Takeaways:• Taxed Social Security• IRMAA surprise fees• RMDs raise taxes• Two-year income la...2025-06-2706 minLife Money Balance® PodcastShould Gen X Take Social Security at 62? Smart or Risky?Should You Claim Social Security at 62?Dr. Preston Cherry challenges the idea that you have to wait until 70 to claim Social Security. For Gen Xers juggling aging parents and kids, claiming at 62 could offer more than just a check—it could bring peace of mind, flexibility, and better use of your money now. The key? Making the choice that fits your life, not someone else's rule of thumb.Takeaways:• More Flexibility Now• Less Portfolio Stress• Smart Tax Moves• Fits Gen X Life• Your Goals Matter00:00 Intro00:59 Should You Really W...2025-06-2308 minLife Money Balance® PodcastWhy High Earners Still Feel Stuck FinanciallyIn this episode, Dr. Preston Cherry breaks down why many high-income Gen Xers still feel stuck financially. Even with good paychecks, lifestyle creep and unclear goals can cause stress. Dr. Cherry explains how aligning your money with your values—not just chasing more—can lead to real peace and freedom. It's not about starving your present for your future. It’s about balance.Takeaways:• Lifestyle creep adds stress• Align money with values• Spending shows priorities• Net worth ≠ freedom• Reroute cash, gain peaceWant to learn more? Connect with us below!Stay info...2025-06-1606 minLife Money Balance® PodcastNUA Tax Strategy: The Secret to Saving BIG on Company StockIn this episode, Dr. Preston Cherry breaks down how Gen X professionals can use a smart tax strategy called Net Unrealized Appreciation (NUA) to turn company stock in their 401(k)s into tax-efficient income. He explains how the right moves can help you retire earlier and keep more of your money—and how one wrong step can cost you big.Takeaways:• Company stock matters• NUA lowers taxes• Don't rush to IRA• Act with a plan• Mistakes are costlyWant to learn more? Connect with us below!Stay informed and inspired...2025-06-1207 minLife Money Balance® PodcastInherited IRAs Explained: What Heirs Need to Know to Avoid Costly MistakesIn this episode, Dr. Preston Cherry breaks down the often confusing world of inherited IRAs. He explains how taxes, rules, and recent law changes (like the SECURE Act) can impact your inheritance. Whether you're a spouse or a non-spouse heir, knowing the rules is key to avoiding costly mistakes. With smart planning, an inherited IRA can help grow your wealth and honor your loved one’s legacy.Takeaways:• Know the tax rules• Don’t miss RMDs• SECURE Act changes• Spouses have options• Plan to protect wealthWant to learn more? Connect with u...2025-06-0904 minLife Money Balance® PodcastHealthspan vs Lifespan: Why Gen X Must Rethink RetirementIn this episode, Dr. Preston Cherry talks about why Gen X should focus on health span—how well you live—not just lifespan—how long you live. He explains that many people over-save for retirement and miss out on living fully now. Instead of treating retirement as one big block of time, he encourages planning for different life stages. The key is to spend in ways that match your current life and values—so you can enjoy life while building for the future.Takeaways:• Plan for health span• Spend by life stage• Avoid over-saving trap• Liv...2025-06-0606 minLife Money Balance® PodcastWhy More Money Needs Smarter Planning (And How It Builds Wealth Faster)In this episode, Dr. Preston Cherry sheds light on why even high-income earners need solid financial education. Earning more doesn’t mean knowing more about money. He explains how true financial literacy helps people make smarter decisions, avoid costly mistakes, and feel more confident. Using real-life examples, he shows that financial wellness is not just about managing money—it’s also about understanding it, emotionally and practically.Takeaways:• Income ≠ Financial smarts• Education boosts confidence• Avoid costly mistakes• Plan with clarity• Money affects emotionsWant to learn more? Connect with us below!St...2025-06-0312 minLife Money Balance® PodcastSell in May and Go Away: Smart Move or Tired Myth?In this episode, Dr. Preston Cherry breaks down this old investing rule and why it might not work anymore. Originally tied to London’s horse racing season, the idea was to cash out in May and return in November. But in today’s fast-paced, data-driven markets, that strategy is losing steam. Dr. Cherry explains why staying invested and using smarter tactics beats trying to time the market.Takeaways:• Old rule, outdated• Timing rarely wins• Stay invested long-term• Use smart rebalancing• Focus beats fearWant to learn more? Connect with us below!2025-05-2908 minLife Money Balance® PodcastHSA Secrets: How to Retire Wealthier & Pay Less in TaxesIn this episode, Dr. Preston Cherry breaks down why Health Savings Accounts (HSAs) are a powerful tool—not just for today’s medical bills but for building your retirement nest egg. With big tax perks and long-term flexibility, HSAs can do more than you think. Learn how to use them smartly now and in retirement.Takeaways:• Triple Tax Advantage• Max Out Contributions• Invest for Growth• Cover Future Healthcare• No Expiration DateWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletter2025-05-2613 minLife Money Balance® PodcastChoosing the Right Retirement Account: Roth 401(k), Roth IRA, After-Tax 401(k)In this episode, Dr. Preston Cherry breaks down key retirement accounts like 401(k)s, Roth IRAs, and traditional IRAs. He explains where to save, invest, and withdraw money for retirement — and why taxes matter. The talk covers contribution limits, tax perks, smart strategies for high earners, and common planning mistakes to avoid.Takeaways:• Know where to save• Use employer plans• Roth vs. traditional• Max out contributions• Avoid common errorsWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletterDo you w...2025-05-2519 minLife Money Balance® PodcastThe Truth About Global Diversification and the S&P 500In this episode, Dr. Preston Cherry breaks down a common mistake investors make: thinking the S&P 500 is enough. While it’s a strong index, it’s mostly U.S.-focused and tech-heavy. This “home bias” can hurt your returns, especially during U.S. market downturns. Adding international stocks spreads your risk and gives you access to different economies, industries, and opportunities. History shows: global diversification works.Takeaways:• Avoid home bias• Add global balance• Tech isn’t everything• Diversify by country• Review regularlyWant to learn more? Connect with us below!Stay...2025-05-2214 minLife Money Balance® PodcastThere’s No Such Thing as a Self-Made Millionaire: Unpacking the Realities of WealthIn this episode, Dr. Preston Cherry challenges the “self-made millionaire” myth, revealing that wealth is rarely built alone. Real success comes from more than just hustle—it’s shaped by support systems, relationships, and access to resources. Using real stories, he reminds us to stay humble and grateful for the help we receive along the way.Takeaways:• Success takes support• Hustle isn't enough• Networks build wealth• Gratitude matters• Invest in yourselfWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletter2025-05-1223 minLife Money Balance® PodcastBuffett Retires: What You Miss About His Wealth WisdomIn this episode, Dr. Cherry honors Warren Buffett by breaking down his famous investment strategies and clearing up common myths. She explains why understanding frugality, cash flow, and thinking long-term are crucial for growing wealth. Dr. Cherry also points out how individual investors differ from big institutions, especially when it comes to risk and timelines. The talk ends with a powerful reminder: mindset and education are the real keys to financial success.Takeaways:• Spend less, invest more• Cash flow builds wealth• Think long-term always• Stay ready for opportunities• Mindset drives successWant t...2025-05-1019 minLife Money Balance® PodcastGen X Alert: Student Loan Collections Restart—What to Do NowIn this episode, Dr. Cherry breaks down why Gen X is struggling the most with student loans—and what you can do about it. From confusing repayment plans to the fine print of forgiveness programs, understanding your options now can save you thousands later. If you're feeling stuck or overwhelmed, this conversation can help you take back control of your financial future.Takeaways:• Gen X = Highest debt• Know your repayment plan• Forgiveness is possible• Avoid costly forbearance• Act now, save laterWant to learn more? Connect with us below!Stay inf...2025-05-1016 minLife Money Balance® PodcastDiscussing Legacy and Long-Term Care with Aging ParentsIn this episode, Dr. Preston Cherry opens up the conversation Gen X needs to have—with their parents and grandparents. From healthcare decisions to family legacies, it’s time to stop avoiding the tough talks and start planning with heart and clarity. Dr. Cherry shares how to begin these discussions, what documents matter most, and why talking now can save a lot of confusion later. It’s not just about the money—it’s about meaning, values, and dignity.Takeaways:• Start the Talk Early• Plan with Purpose• Protect Family Legacy• Secure Long-Term Care• Keep Dignity...2025-05-0216 minLife Money Balance® PodcastTax-Smart Investing: Using Taxable Brokerage Accounts to Boost Wealth, Flexibility, and Reduce TaxesIn this episode, Dr. Preston Cherry breaks down why taxable brokerage accounts are a smart tool for building long-term wealth. While the word “taxable” might sound like a disadvantage, these accounts offer surprising benefits: flexible withdrawals, lower taxes on gains, and smart strategies like tax loss harvesting. They're also great for estate planning, giving your heirs a valuable step-up in cost basis. When used right, these accounts can play a powerful role in your financial plan.Takeaways:• Build long-term wealth• Lower tax rates• Withdrawal flexibility• Offset investment losses• Boost estate valueWant to le...2025-05-0212 minLife Money Balance® PodcastRetire Wealthy: Essential Tax and Bonus Tips for Oil and Gas ExecutivesIn this episode, Dr. Cherry breaks down the financial challenges oil and gas executives face—like managing complex pay packages, stock units (RSUs), and big tax bills. He shares smart strategies to avoid tax surprises, protect wealth, and plan for a secure retirement.Takeaways:• Plan for tax hits• Watch RSU timing• Limit company stock• Max out 401(k)• Think long-termWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletterDo you want confidence & clarity? Check out our award-winning wealth advic...2025-05-0214 minLife Money Balance® PodcastLump Sum vs. Dollar-Cost Averaging: Which One Makes You More Money?In this episode, Dr. Preston Cherry breaks down two popular ways to invest: dollar cost averaging (investing smaller amounts over time) and lump sum investing (putting all your money in at once). He explains how emotions like fear and regret influence our choices, and why understanding your own goals and risk tolerance is key. Backed by real data, this conversation helps you figure out which strategy might work best for you.Takeaways:• Mindset matters• DCA reduces risk• Lump sum wins long-term• Cash drag hurts returns• Know your goalsWant to learn more...2025-04-1921 min
Healthy AdvisorThe Healthy Advisor: Getting Past the Seven-Year Fog with Dr. Preston CherryWhat happens when professional achievement outpaces personal well-being? Dr. Preston Cherry, founder of Concurrent Financial Planning, seemed to have it all—a thriving career and a secure six-figure salary in his late 20s. But beneath the surface, he was stuck in a seven-year fog, struggling to align his personal life with his financial success.
In this episode, Diana Britton, executive editor at WealthManagement.com, sits down with Dr. Cherry as he opens up about his challenges—bankruptcy, self-medicating behaviors and racial microaggressions—all while searching for balance, healing and true fulfillment.
He discusses:
The realiza...2025-04-1634 minLife Money Balance® PodcastIs Gen X Taking Mortgage Debt Into Retirement? Pros, Cons, and Smart Payoff StrategiesIn this episode, Preston Cherry talks about how Gen X is facing big financial pressure from mortgage debt—especially as they near retirement. He shares smart, simple ways to tackle that debt early, like making extra payments or using surprise money (windfalls) to get ahead. He also warns against common mistakes and encourages being financially ready for retirement.Takeaways:• 38% Gen X in debt• Debt-free = peace of mind• Extra payments = big win• Windfalls can help• Don’t tap retirement fundsWant to learn more? Connect with us below!Stay informed and i...2025-04-1417 min
The New Wealth Wave Podcast With Dr. WallaceBuilding Wealth and Living Your Financial Truth with Dr. Preston CherryIn this episode of The New Wealth Wave Podcast, Dr. Joaquin Wallace is joined by Dr. Preston D. Cherry, Certified Financial Planner®, author, speaker, educator, and the Founder and CEO of Concurrent Wealth Management. Together, they delve into the intricacies of Dr. Wallace’s Seven-Stage Generational Wealth Model, and discuss financial literacy, the journey to generational wealth, and the systemic barriers that hinder financial inclusion. They explore the themes of financial empowerment, the importance of automation in finance, and the necessity of self-forgiveness in financial planning. Dr. Cherry also emphasizes that financial success does not req...2025-04-0848 minLife Money Balance® PodcastWhat Is Comprehensive Financial Planning? (And Why It Matters Now More Than Ever)In this episode,Dr. Preston Cherry shares why financial planning should go beyond just investments. Many people feel let down by traditional advice that doesn't reflect their real lives. He explains how the best financial plans connect your money with your goals, values, and well-being. At the heart of it all? Trust, understanding, and a big-picture approach.Takeaways:• Connect money + life• Go beyond investing• Clients want trust• Advisors must listen• Plan the whole pictureWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealt...2025-04-0818 minLife Money Balance® PodcastHow Geographic Arbitrage and Retiring Abroad Can Transform Your Financial FutureIn this episode, Dr. Preston Cherry dives into geographic arbitrage—how moving to a different state or country can stretch your income and improve your quality of life. Dr. Cherry covers key factors like retirement locations, managing Social Security and investments abroad, and handling taxes as a U.S. citizen overseas. Plus, the discussion highlights how cost of living, healthcare, and lifestyle choices play a big role in relocation decisions.Takeaways:• Retire richer by relocating• Lower costs = higher income• Social Security works abroad• U.S. taxes still apply• Healthcare costs varyWant to...2025-04-0418 minLife Money Balance® PodcastWhy High-Income Earners Need Spending Plans Instead of BudgetsIn this episode, Dr. Preston Cherry challenges traditional budgeting and introduces reverse budgeting, a method that prioritizes personal values and guilt-free spending while ensuring financial security. He outlines a five-step approach: knowing your retirement number, automating finances, covering fixed costs, enjoying discretionary spending, and reviewing regularly. His approach emphasizes a holistic, flexible path to financial wellness.Takeaways:• Budgets can feel restrictive• Reverse budgeting prioritizes paying yourself first• Aligning money with values boosts well-being• Guilt-free spending is possible• Regular financial check-ins matterWant to learn more? Connect with us below!Stay i...2025-04-0219 minLife Money Balance® PodcastIs $1 Million Still Enough? The New Wealth Benchmarks ExplainedIn this episode, Dr. Preston Cherry dives into how the concept of wealth is evolving and why being a millionaire isn't what it used to be.With inflation and rising living costs, the financial landscape has shifted. He shares key insights on income, net worth, and how to focus on your unique financial path rather than comparing yourself to others. Dr. Cherry also debunks wealth myths and offers practical strategies for long-term financial success.Takeaways:• $1 million isn’t enough anymore• Only 10% of Americans are millionaires• Inflation weakens money’s value• Focus on your fina...2025-03-2916 minLife Money Balance® PodcastExecutive Compensation Mastery: RSUs, Stock Options & ESPPs ExplainedIn this episode, Dr. Preston Cherry breaks down the essentials of equity compensation—RSUs, ISOs, NQSOs, and ESPPs. He explains how taxes and behavioral biases can influence your decisions and offers smart strategies to maximize your equity benefits while avoiding common traps.Takeaways:• Know your tax impact• Sell RSUs to cover taxes• ISOs can lower taxes• ESPPs offer discounted stock• Plan ahead to win bigWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletterDo you want confidence...2025-03-2513 minLife Money Balance® PodcastTax-Efficient Retirement Strategies for For High-Income Business OwnersIn this episode, Dr. Preston Cherry breaks down how business owners can choose and use retirement plans to boost income, cut taxes, and maintain their lifestyle. He covers Simple IRAs, SEP IRAs, Solo 401ks, and cash balance plans while explaining key tax-saving strategies, like diversifying tax exposure and using Health Savings Accounts (HSAs).Takeaways:• Maximize income & tax savings• Choose the right plan• Solo 401ks = big contributions• Cash balance = higher limits• HSAs = triple tax benefitsWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealt...2025-03-2218 minLife Money Balance® PodcastFinancial Infidelity to Financial Intimacy: How Married Couples Can Manage Their FinancesIn this episode, Dr. Preston Cherry explores how couples can turn financial tension into teamwork. He highlights the emotional side of money talks and shares a framework for better communication, including regular check-ins, understanding each other's views, and resolving conflicts without fighting. The goal? Less stress, more financial harmony.Takeaways• Money conflicts cause stress• Emotions shape money talks• Check-ins ease tension• Teamwork beats compromise• Shared goals build harmonyWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletterDo you wan...2025-03-1918 minLife Money Balance® PodcastSeizing Opportunities: Navigating Market Corrections with Core-Satellite InvestingIn this episode, Dr. Preston Cherry explains how to handle market corrections with the Core and Satellite strategy. He stresses the importance of a diversified portfolio to manage risk and highlights how downturns create investment opportunities. He also shares tips on staying calm and strategic instead of panicking during market shifts.Takeaways• Corrections are frequent (every 1–1.5 years)• Diversification reduces risk• Opportunities arise in downturns• Strategy beats panic• Smart investing pays offWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletter2025-03-1517 minLife Money Balance® PodcastNavigating Market Corrections: Here’s What You NEED to KnowIn this episode, Dr. Preston Cherry breaks down market volatility, explaining crashes, corrections, and bear markets. He highlights why understanding these shifts helps manage emotions during downturns. He also shares key strategies like dollar cost averaging and staying calm instead of panic selling.Key Points:• Volatility is normal• Corrections = 10% drop• Bear markets = 20%+ drop• Timing the market fails• Stay invested, don’t panicWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletter.Do you want confidence & clarity? Check out our awar...2025-03-1219 minLife Money Balance® PodcastHow Much Should You Have Saved for Retirement by 40, 50, or 60?In this episode, Dr. Preston Cherry breaks down key retirement savings benchmarks for your 40s, 50s, and 60s. He explores the emotional challenges of saving—like anxiety and comparison—and shares practical tips to build financial freedom. His advice? Adjust your lifestyle, diversify income, and stop procrastinating. Stay focused on your own financial journey and take action now.Key Points:• Savings benchmarks: 3x salary by 40, 6x by 50, 6-8x by 60• Gen X median retirement savings: $100K• Life is uncertain—plan accordingly• Save more without sacrificing lifestyle• Procrastination hurts financial progressWant to learn mo...2025-03-0716 minLife Money Balance® PodcastHigh Earners, Are You Saving Enough? The Truth About Emergency FundsIn this episode, Dr. Preston Cherry breaks down why emergency funds are a must—even for high earners. He explains that they act as financial protection, not an investment, and shares smart strategies to build and maintain one. From how much to save to balancing cash reserves with investments, this conversation clears up common myths and offers practical advice for managing money wisely.Key Points:• Emergency fund = security• It’s insurance, not investment• Automate savings for consistency• Too much cash = fear• Balance liquidity & growthWant to learn more? Connect with us below!...2025-03-0315 minLife Money Balance® PodcastWhy High-Income Families NEED These 3 TrustsIn this episode, Dr. Preston Cherry breaks down estate planning trusts and why they matter for high-income and high-net-worth folks—not just the uber-wealthy. He explains three key types: Revocable Living Trusts, Irrevocable Life Insurance Trusts, and Charitable Remainder Trusts, showing how they help protect assets, reduce taxes, and ensure your wishes are honored.Key Points:• Avoid probate hassles• Stay in control (Revocable Trusts)• Reduce estate taxes (Irrevocable Trusts)• Support charities & save (Charitable Trusts)• Ensure asset protectionWant to learn more? Connect with us below!Stay informed and inspired! Jo...2025-02-2516 minLife Money Balance® PodcastEstate Planning 101: What You MUST Do Before It’s Too LateOn this episode, Dr. Preston Cherry breaks down estate planning in a way that makes it clear: everyone needs a plan, not just the rich. He explains key documents like wills, living trusts, powers of attorney, and healthcare directives—tools that protect your assets and ensure your wishes are followed.He also shares strategies to avoid probate, minimize taxes, and keep your family from unnecessary stress. Most importantly, he urges open conversations about estate planning to prevent future conflicts and make sure your legacy is honored.Key Points:• Estate planning is for all• Wills...2025-02-1916 min
The Long ViewPreston Cherry: ‘Money Can Indeed Buy Happiness’Our guest on the podcast today is Dr. Preston Cherry. Dr. Cherry is the author of a new book called Wealth in the Key of Life: Finding Your Financial Harmony. He’s also founder and president of Concurrent Wealth Management. In addition, he serves as Assistant Professor of Finance and Head of the Personal Financial Planning Program at the University of Wisconsin-Green Bay, where he also serves as the Director of the Charles Schwab Foundation Center for Financial Wellness. Prior to assuming his current roles, he served in lead and internal financial planning roles in institutional retirement sales. He ha...2025-02-1852 minLife Money Balance® PodcastWill an Annuity Save Your Retirement?In this episode, Dr. Preston Cherry delves into the complexities and benefits of incorporating annuities into retirement portfolios. With the startling statistic that 63% of Americans fear outliving their money more than death itself, Dr. Preston offers a comprehensive exploration of annuities as a solution to this anxiety.He clarifies misconceptions by defining annuities not as investments, but as insurance against outliving one's savings. Through an engaging discussion, Dr. Preston sheds light on how annuities can provide a guaranteed income stream, thereby offering peace of mind and financial security during retirement.Key Points:• Understanding Annuities2025-02-1137 minLife Money Balance® PodcastFinancial Anxiety? Here's How to Find Financial Harmony with Your MoneyIn this episode, Dr. Preston Cherry explores financial harmony, guiding listeners from financial anxiety to alignment by connecting money decisions with personal values.With 60% of Americans experiencing financial anxiety, Dr. Cherry presents a framework to help individuals and households align their finances with life goals. The episode also introduces the 6A alignment system, offering actionable steps for financial clarity. Dr. Cherry also delves into financial therapy, emphasizing the emotional and psychological aspects of money. By addressing money avoidance and using strategies like journaling and self-audits, listeners can reduce stress, achieve financial confidence, and create a...2025-02-0332 minLife Money Balance® PodcastRental Properties After 40: Smart Wealth Moves or Risky Headache?Building wealth through real estate is often promoted as a path to financial freedom, but it may not suit everyone, especially those in their 40s focusing on lifestyle and retirement goals.In this episode, Dr. Preston Cherry emphasizes prioritizing foundational investments like 401(k)s, IRAs, and brokerage accounts before considering real estate, as nearly half of real estate owners fail to achieve a 10% return. Challenges such as maintenance costs, tenant management, and market volatility are explored, alongside passive alternatives like REITs and crowdfunding. Ultimately, aligning financial strategies with one’s life stage and goals is ke...2025-01-2342 minLife Money Balance® PodcastRetire Like a Boss: 4 Secrets to Comfort and JoyIn this episode, Dr. Preston Cherry dispels common myths about retirement age and encourages proactive emotional and financial preparation to ensure that retirement is approached with confidence and clarity.He emphasizes the significance of redefining retirement not just as an end but as a transition into a phase of freedom and opportunity.Key Points:• Redefine Retirement• Know Your Freedom Number• Implement a Spending Plan• Emotional Intelligence Preparation• Prioritize HealthWant to learn more? Connect with us below!Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'...2025-01-0228 min
The Customer Wins[Author Series] Life and Money Alignment Secrets With Dr. Preston CherryDr. Preston Cherry is the Founder and President of Concurrent Financial Planning, a company dedicated to aligning clients' wealth with their well-being. Recognized as one of the top financial advisors in the US by Investopedia, Dr. Cherry is a Certified Financial Planner™ professional and a Certified Financial Therapist™ who has made significant contributions to his field. He serves as the Head of Financial Planning Program and Director of the Charles Schwab Center for Personal Financial Planning at UW-Green Bay and is a past president of The Financial Therapy Association. Passionate about advancing the human condition through financial education, Dr. Cher...2024-12-2339 min
Between Now and SuccessHelping Clients Thrive: Wealth-Building 'Permission to Prosper' Strategies With Dr. Preston CherryGuest: Dr. Preston Cherry, AFC®, CFT-I™, CFP®, Ph.D., an entrepreneur, coach and speaker. Dr. Cherry is the creator of the Life Money Balance™ approach and founder of Concurrent Financial Planning. His new book is Wealth in the Key of Life: Finding Your Financial Harmony. In a Nutshell: "Songs in the Key of Life" is one of Stevie Wonder's most famous albums. In a similar vein, Dr. Preston Cherry wants people to find that kind of harmony between their money, their values, and their lives. And advisors who can help folks create a financial life that really sings...2024-12-191h 05
Advisor Marketing Made SimpleAdvice Line: How To Turn Website Traffic Into Client Growth (Preston Cherry)Want your marketing questions answered by Taylor and Kendra? Apply to be on an Advice Line episode: https://www.taylorschulte.com/apply————Are your website and social media call-to-actions falling flat? Struggling to convert visitors into prospects and clients?In this LIVE "Advice Line" episode, financial advisor Dr. Preston Cherry asks us to help him improve his digital marketing conversion rates. From optimizing website CTAs to refining his ideal client avatar, we don't hold back on actionable advice. Key questions we answer include:► How can I increase my website's conversion...2024-12-1840 minLife Money Balance® PodcastBitcoin is Up—But Should You Buy?Are you falling into the trap of following the herd? In this episode, Dr. Preston Cherry breaks down why blindly imitating others can hurt your finances, especially when it leads to buying high and selling low.This episode emphasizes the importance of understanding one's long-term financial goals and matching investment actions to these objectives, avoiding impulsive decisions driven by fear of missing out (FOMO).Key Points:• Behavioral Pitfalls in Investing• Core and Satellite Strategy• Crypto Caution and Discipline• Traditional vs. Decentralized Finance• Educating InvestorsWant to learn more? Connect wi...2024-12-1730 min
AFO|Wealth Management ForwardWealth in the Key of Life w/ Dr. Preston CherryIn this episode, Rory sits down with Dr. Preston Cherry, founder of Concurrent Wealth Management, director at the Charles Schwab Center for Personal Financial Planning at the University of Wisconsin Green Bay, and author of Wealth in the Key of Life: Finding Your Financial Harmony. Discover how financial wellness isn't just about numbers—it's about aligning your values, goals, and money decisions to create a life of purpose and meaning. Learn how tools like the "honest self-audit" and identifying your "money story" can help you build a stronger relationship with your finances. Dr. Cherry also shares his insights on cr...2024-12-1337 minLife Money Balance® PodcastBuilding Wealth with Gratitude: Essential Tips for Gen XThere is a powerful link between gratitude and financial success, especially for Generation X. In this episode, Dr. Preston Cherry shares how combining gratitude with grit and grace can improve financial decisions and boost life satisfaction. Using the PERMA model, it explains how gratitude impacts the brain, enhances emotional well-being, and drives personal and financial success.Key Points:The Power of GratitudeThe PERMA ModelGeneration X's Financial StrugglesDaily Gratitude PracticesSupportive NetworkWant to learn more? Connect with us below!Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'Sign up...2024-11-2731 min
Top Advisor Marketing PodcastHow Aligning Life and Money Changes Everything With Dr. Preston Cherry (Ep. 494)We often talk about wealth and wellbeing interchangeably, as though they’re the same thing. They’re not.
In this episode of the Top Advisor Marketing Podcast, Dr. Preston Cherry, Founder of Concurrent Financial Planning and a leading voice in the industry, shares insights on behavioral finance, his philosophy of aligning life and money, and how his book, Wealth in the Key of Life, offers both advisors and clients a fresh approach to financial wellness.
Through personal stories and professional wisdom, he encourages listeners to reflect on their financial lives with empathy and intention, rather than...2024-11-1929 minLife Money Balance® PodcastHow to Build a Diverse Portfolio with Alternative InvestmentsIn this episode, Dr. Preston Cherry and Shana Sissel discuss the importance of alternative investments in portfolio construction and risk management. They explore the vast universe of alternatives, how they can align with personal values, and the evolving landscape of investment strategies.Key Points:• Alternative investments offer diverse opportunities outside of traditional stocks and bonds.• A balanced portfolio should mix core and alternative investments to manage risk.• Knowing how different assets interact helps in creating a strong investment strategy.• Investors should choose alternatives that align with their values and interests.• Discussing risk, liquidity...2024-11-1636 minLife Money Balance® Podcast4% Rule Guru Bill Bengen Reveals How to Maximize Your Retirement Income!In this episode, Dr. Preston Cherry talks about retirement income, breaking down the famous 4% rule with its creator, Bill Bengen, renowned for his groundbreaking work in retirement planning.Key Points:1. The 4% rule should be seen as a flexible guideline rather than a strict rule, adaptable to individual retirement timelines and economic conditions.2. Creating a diversified investment portfolio is crucial for managing risks and optimizing returns.3. Continual assessment and adjustment of the retirement plan are essential.4. Implementing strategies like guardrails allows retirees to adjust their withdrawal rates in response to market and inflation...2024-11-0724 minLife Money Balance® PodcastWhy Retirement Feels Out of Reach for Gen XIn this episode, Dr. Preston Cherry uncover the indispensable tax benefits of 401(k) plans and eliminate common misconceptions surrounding them.This episode brings to light the economic cycles and challenges Gen X has traversed, providing clear, actionable advice on navigating retirement planning amidst these complex realities.Want to learn more? Connect with us below!Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'Sign up for 'Make Your Finances Flourish' Live Workshop!Get a Free Finances Guide and Check Out Financial Planning ServicesReceive Our Free...2024-10-3129 min
rich & REGULAR with Kiersten and Julien SaundersEp 186: Preparing for a different life with Dr. Preston CherryIn this special solo episode, Julien and Dr. Preston Cherry discuss the intersection of financial planning and personal well-being. Dr. Cherry brings a unique perspective and combines the rigor of financial expertise with the nuanced understanding of a therapist. He's here to tackle those awkward conversations with your partner about finances, the "financial harmony" that's more than just a feel-good buzzword, and how to find true satisfaction in a world obsessed with wealth.Dr. Cherry knows the struggle is real for the sandwich generation - those of us juggling the demands of raising kids while supporting aging...2024-10-2853 minLife Money Balance® PodcastThe Secret to Avoiding Money RegretsIn this episode, Dr. Preston Cherry delves into the crucial topic of balancing the present with saving for retirement.This episode tackles common financial regrets like under-saving for retirement, underestimating medical expenses, and the fear of outliving one's resources, all while promoting a harmonious life-money balance.Want to learn more? Connect with us below!Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'Sign up for 'Make Your Finances Flourish' Live Workshop!Get a Free Finances Guide and Check Out Financial Planning ServicesReceive Our Free...2024-10-2326 minLife Money Balance® PodcastAvoid Regret: Maximize Open Enrollment NOW!Optimizing open enrollment is crucial, yet often overlooked, with over 40% of individuals regretting missed opportunities. It’s important to remember that compensation includes not just salary but also benefits like medical and risk insurance, retirement contributions, and wellness perks. Failing to maximize these can leave financial value on the table.Key areas to focus on include reviewing retirement contributions, utilizing tax-advantaged accounts like HSAs and FSAs, and updating medical plans and beneficiary information. Employer life insurance, while limited, can complement private plans. Staying proactive ensures employees align their benefits with current needs and secure greater financial well-being.2024-10-1728 minLife Money Balance® PodcastCan You Really Trust Reddit for Financial Advice?In this episode, Dr. Preston Cherry explores the pros and cons of using Reddit for financial advice. He weighs the sense of community and user-driven insights against the risks of misinformation, emphasizing the value of personalized advice from trusted financial professionals. Want to learn more? Connect with us below! Pre-Order Dr. Cherry's book 'Wealth In The Key of Life' Sign up for 'Make Your Finances Flourish' Live Workshop!Get a Free Finances Guide and Check Out Financial Planning ServicesReceive Our Free Personal Finance NewsletterDr. Preston...2024-10-0328 minLife Money Balance® PodcastThe Shocking Truth Continues: Are Gen X Parents Still Ruining their Retirement?!In this episode, the Cherrys explored the delicate balance between supporting adult children and fostering their financial independence. Charles emphasized the importance of teaching responsibility early, while Carla highlighted the long-term benefits of gradual but firm self-reliance.They discussed setting boundaries to prevent prolonged dependency and shared personal experiences to demonstrate the value of financial and life skills for their children’s independence.Part 1: Are Gen X Parents Ruining Retirement by Supporting Their Adult Childrenhttps://youtu.be/seUMBnV9a2AWant to learn more? Connect with us below! Dr. Pre...2024-09-2340 minLife Money Balance® PodcastAre Gen X Parents Ruining Retirement by Supporting Their Adult Children?Are Gen X Parents Ruining Retirement by Supporting Their Adult Children?In this episode, Dr. Preston Cherry delves into the critical issue of whether Gen X parents are jeopardizing their own retirement by financially supporting their adult children.By providing practical advice and discussing expert data, he equips parents with the tools to make informed decisions and set healthy financial boundaries.Want to learn more? Connect with us below! Dr. Preston D. Cherry on LinkedIn: https://www.linkedin.com/in/drprestoncherry/Dr. Preston D. Cherry’s Website: https://www.drprestoncherry.com...2024-09-1225 min
The Most Hated F-WordBalancing Wealth and Well-Being for a Fulfilling Life With Dr. Preston CherryDr. Preston Cherry Ph.D, AFC®, CFT-I™, CFP® | Entrepreneur | Coach | Speaker |
Summary:
Dr. Preston Cherry offers a thoughtful exploration of the connection between wealth and well-being, showing how the two work together to create a fulfilling life. He discusses the importance of aligning financial decisions with what truly matters to us, offering insights on how money can support well-being when used with intention. Dr. Cherry also challenges the common belief that money and happiness are disconnected, explaining how our values and personal stories guide our financial choices. He highlights the need for creating financial plans that reflect who we are, rath...2024-09-1253 minLife Money Balance® PodcastMoving Your 401k After Leaving Your JobIn this episode, Dr. Preston D. Cherry delves into the intricacies of moving your 401k after leaving your job, featuring expert insights from Dr. Philip Gibson, a seasoned wealth advisor and chief compliance officer at Concurrent Financial Planning.Together, they explore both direct and indirect transfers of employer-sponsored plans, providing clarity on the 60-day rule and the potential 20% tax hit if funds are not moved accordingly.Want to learn more? Connect with us below! Dr. Preston D. Cherry on LinkedInDr. Preston D. Cherry’s WebsiteDr. Philip Gibson on LinkedIn2024-08-2431 minLife Money Balance® PodcastAre Luxury Hotels Worth It?In this episode, Dr. Preston D. Cherry provides a comprehensive exploration into the world of luxury hotels, addressing the perennial question: Are luxury hotels worth it? He delves into the critical alignment between personal finances and the value luxury accommodations bring to one's travel experience. Dr. Cherry offers clear and practical insights into the costs, benefits, and personal factors involved in choosing luxury accommodations.Want to learn more? Connect with us below! Dr. Preston D. Cherry on LinkedIn: https://www.linkedin.com/in/drprestoncherry/Dr. Preston D. Cherry’s Website: https://www.drprestoncherry.com/...2024-07-0321 minLife Money Balance® PodcastWhat Does It Mean To Be Wealthy?In this episode, Dr. Preston D. Cherry breaks down the true meaning of wealth, going beyond the numbers. He sheds light on how understanding and managing wealth can improve our quality of life by aligning financial and personal goals. Listen in for practical advice and a realistic view on how to use your financial resources to thrive in all areas of life.Want to learn more? Connect with us below! Dr. Preston D. Cherry on LinkedInDr. Preston D. Cherry’s WebsiteGet your free wealth assessment! Visit our website for more ins...2024-06-2721 minLife Money Balance® PodcastBoost Your Fulfillment and Finances With AspirationsJoin Dr. Preston D. Cherry and Dr. Renée Baker, as they dive deep into how aligning your life goals with smart financial planning can lead to true fulfillment. This episode is packed with valuable lessons on the importance of building strong relationships, being financially prepared, and keeping a growth mindset. Together, they inspire you to create a life where your dreams and finances thrive in perfect harmony.Want to learn more? Connect with us below! Dr. Renée Baker on LinkedIn.Dr. Renée Baker’s WebsiteDr. Preston D. Cherry on Linke...2024-06-1831 minLife Money Balance® PodcastAre Bonuses Taxed Differently?Got a bonus check that feels smaller than expected? Don’t worry, you’re not alone! In this episode, Dr. Preston Cherry explores why bonus checks often feel like they’re taxed more heavily than regular paychecks and shares practical strategies to mitigate the tax impact.Want to learn more? Connect with us below!Dr. Preston D. Cherry on LinkedIn.Dr. Preston D. Cherry’s Website.Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.2024-06-1204 minLife Money Balance® PodcastWealthy Spending Habits: Debunking Myths and MisconceptionsJoin Dr. Preston D. Cherry and Josh Brown, as they talk about the multifaceted relationship between wealth, spending habits, and time management. Through engaging anecdotes and practical advice, Dr. Cherry and Josh Brown encourage listeners to rethink their approach to wealth, time, and overall well-being.Want to learn more? Connect with us below! Josh Brown on LinkedIn.Dr. Preston D. Cherry on LinkedIn.Dr. Preston D. Cherry’s Website.Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our web...2024-06-0435 minLife Money Balance® PodcastLong-Term Care Conversations With Loved OnesJoin Dr. Preston D. Cherry and Danielle Miura, as they delve into the critical topic of long-term care conversations with loved ones. Plus, they break down the intricacies involved in navigating long-term care, from which topics to discuss to the financial implications of different care levels, such as in-home care and nursing homes. Want to learn more? Connect with us below! Danielle Miura on LinkedIn.Dr. Preston D. Cherry on LinkedIn.Dr. Preston D. Cherry’s Website.Ready to explore these tax planning strategies for financial acceleration? Visit our webs...2024-05-2736 minLife Money Balance® PodcastCharitable Giving Strategy: Good Giving and Reduce TaxesJoin Dr. Preston Cherry and Dr. Russell James, as they discuss how charitable giving and tax planning can work together. Plus, they break down tricky tax stuff, including how to deal with estate and income taxes smartly.Want to learn more? Connect with us below! Dr. Russell James on LinkedInDr. Preston D. Cherry on LinkedInDr. Preston D. Cherry’s WebsiteReady to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance.Click here to...2024-04-3034 minLife Money Balance® PodcastTips for Retiring Abroad SuccessAre you considering retiring abroad?Join Dr. Preston Cherry and Jane Mepham from El Gon Financial Advisors, as they unravel the mysteries of retiring outside the United States. From busting myths about U.S. taxation for expats to exploring the profound impact of culture and community, leave no stones unturned in this episode.Want to learn more? Connect with us below! Jane Mepham on LinkedInDr. Preston D. Cherry on LinkedInDr. Preston D. Cherry’s WebsiteReady to explore these tax planning str...2024-04-0937 minLife Money Balance® PodcastPlanning Retirement For Small Business OwnersAre you thinking about retirement? As a business owner, if you’re not, you should be. This week, Dr. Preston Cherry is joined by Rickie Taylor to help business owners craft a retirement strategy that does double duty—fuelling your business growth while securing your retirement goals. Thanks to the SECURE Act 2.0, Dr. Cherry and Rickie Taylor dissect the potential of overlooked tax credits and deadlines that could transform the cost of setting up retirement plans from daunting to doable.From the solo entrepreneur to the traditional small business, Episode 34 equips listeners with the tools and best prac...2024-03-1933 min
Disruption Blueprint PodcastBreaking Through Growth Barriers in Wealth Management with Samuel Deane and Dr. Preston Cherry (Ep. 55)How can financial advisors unleash their growth potential in the ever-changing landscape of the wealth management industry?
Today on The Disruption Blueprint Podcast, Shannon Spotswood interviews Samuel Deane of Deane Wealth Management, who specializes in serving founders and tech employees with equity compensation and tax planning, and Dr. Preston Cherry of Concurrent Financial Planning, who focuses on Gen X and high-income earners.
They discuss the challenges and opportunities in wealth management, emphasizing personalized financial planning and the role of advisors as life guides. Their conversation also covers generational wealth transfer, niche-focused practices, and effective marketing s...2024-03-0751 minLife Money Balance® PodcastSecure the Bag: Journey Not Jive with Marques OgdenWhen we say we’re “securing the bag,” do we really understand what we’re looking for? Marques Ogden, keynote speaker and former NFL player, joins me as “securing the bag” takes on a brand new definition as we peel back the layers to uncover the heart and soul of what it really means to achieve fulfillment in life. Through his vast experiences, Marques illustrates that the chase for the bag isn't just about the bank balance—it's about discovering hope, igniting inspiration, and celebrating personal victories that resonate far beyond the material.Looking to start aligning...2024-03-0532 min
Modern Husbands PodcastBuilding a Dream Marriage in Retirement: A Conversation with Dr. Preston Cherry, AFC®, CFP®, CFT-I™Welcome to the Modern Husbands podcast, where any combination of Dr. Ross, Christian Scherrill, and Brian Page host national experts who share winning ideas to manage money and the home as a team.Today we welcome Dr. Preston Cherry. Dr. Cherry holds a Ph.D. in Personal Financial Planning. He is an Accredited Financial Counselor AFC®, Certified Financial Therapist CFT-I™, and Certified Financial Planner CFP®. In 2021 & 2022, he was recognized as one of Investopedia’s 100 Top Financial Advisors.Today we will discuss how younger and middle aged spouses can work together to build a dream marriage in ret...2024-01-1734 minLife Money Balance® PodcastConcentration in Your Investment PortfolioEver found yourself pondering whether to place your hard-earned cash into that one golden stock or to play it safe across the board? Join me, Dr. Preston Cherry, as we navigate the treacherous yet potentially lucrative waters of concentration risk in investment portfolios. Discover why betting big on a single sector, like tech, or diversifying your stakes among the vast sea of the S&P 500 can each steer your financial ship towards vastly different horizons.>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom>>Subscribe to Life Money Balance® YouTube for content beyond t...2024-01-0430 minLife Money Balance® PodcastHow to Experience Retirement Transition with Charles H. Cherry, JrJoining us on our latest episode is Charles H. Cherry Jr., my father, who brings a treasure trove of insights on how to gracefully glide into retirement. He and my mom have navigated the financial seas with a keen eye on their 401K and emergency funds, charting a course to a retirement filled with exploration, hobbies, and the luxury of time unbound by the nine-to-five. Through their story, we unearth the critical steps for financial security and the personal philosophies that have made their transition not just a mere change of pace, but an adventure in its own right.2023-12-2744 min
AFO|Wealth Management ForwardBridging Generations: Dr. Preston Cherry's Strategy on Balancing Wealth and Well-BeingIn this engaging episode, Rory sits down with Dr. Preston Cherry, Founder of Concurrent Planning and Co-Founder of Practice Intel. Listen as they dive into the evolving world of financial advice for Generation X, addressing the unique set of challenges this demographic faces, such as balancing student loan repayments with retirement planning. Dr. Cherry shares the findings of a new study that aimed to understand how one's personality makeup influences their participation in employer sponsored plans. Learn about Dr. Cherry's work at the University of Wisconsin Green Bay’s Center for Financial Wellness, and ways in which they are he...2023-12-2152 minLife Money Balance® PodcastWays Money Shame Impacts Your Finances with Aja EvansEver grappled with the discomfort that creeps in when checking your bank account? You're not alone. Pull up a chair as Dr. Preston Cherry, join forces with the remarkable Aja Evans to unravel the tangled web of emotions that underpin our financial behaviors. This meeting of minds on Life Money Balance goes beyond dollars and cents to address the psychological weight of money shame—a burden that knows no tax bracket. Prepare to have your eyes opened to the universal truths of financial emotions and the steps you can take to foster resilience and a healthier bank account.2023-12-1932 minLife Money Balance® PodcastUnderstanding the Emotion and Money of Gen X FinancesEver feel like you're caught in the middle, financially? Between caring for adult children, supporting elderly parents, and preparing for your own retirement, navigating the financial landscape as a Gen Xer can seem overwhelming. But don't worry - we're here to help! Join Dr. Preston Cherry as he unpacks the unique money matters Gen Xers grapple with and explore empowering strategies to confidently take control of your finances. We're talking eye-opening statistics, the impact of inflation on retirement planning, and the magic of automating savings.So, gear up to take proactive steps in securing your financial future...2023-12-0530 minLife Money Balance® PodcastHandle Black Friday and Cyber Week Spending For Your FinancesReady to take control of your holiday shopping and make well-informed financial decisions? That's what we're aiming for in this week's Life Money Balance podcast hosted by me, Dr. Preston Cherry. Today we'll chop it up about the trends in holiday spending, and how to make smart choices amidst fluctuating inflation rates and interest rates. During this holiday season, we're also going to cover why it's more important now, than ever, to be mindful of credit card usage and to align our funds in a way that can potentially earn us a return. We'll also explore the creation of...2023-11-2831 minLife Money Balance® PodcastIkigai Your Life and FinancesMeet Sam Ushio, founder of Ikigai Lab and Chief Ikigai at Connect3x, a man who has spent a lifetime exploring the ancient Japanese concept of Ikigai, a guiding life principle that merges passion, purpose, and profession. Join host of the Life Money Balance podcast, Dr. Preston Cherry, as we uncover what it means to truly live with intention in the moment, and align our actions with our deeply held values. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom>>Subscribe to Life Money Balance® YouTube for content beyond the podcast>>Discover a...2023-11-0826 minLife Money Balance® PodcastMaddening Money MythsThis week, join Dr. Preston Cherry as he dives deep into some common money myths. Let's reshape your understanding of money, highlight the importance of aligning your life and financial goals, and help you embark on a journey towards true financial wellness. No more maddening money myths, only clear and confident financial decision-making. Buckle up, it's time to get financial savvy!>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom>>Subscribe to Life Money Balance® YouTube for content beyond the podcast>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting2023-11-0720 minBetween Now and SuccessDr. Preston Cherry on Using the "Relationship Quality Index" to Give Clients What They Value MostGuest: Dr. Preston Cherry, AFC®, CFT-I™, CFP®, Ph.D., the Founder and President of Concurrent Financial Planning, a comprehensive financial planning firm serving households and business owners across generations. Dr. Cherry is also Head of the Financial Planning Program and Director of the Charles Schwab Center for Personal Financial Planning at the University of Wisconsin–Green Bay. On top of that, he's a co-founder and Chief Evangelist at Practice Intel. In a Nutshell: There's a significant disconnect in our industry between what folks say they want from an advisor and what advisors are actually delivering. To close that g...2023-10-2437 minLife Money Balance® Podcast5 Life & Money Conversations for Gen XImagine finally grasping the concept of 'having enough' and achieving contentment in all avenues of life. That's exactly what Dr. Preston Cherry is unpacking in today's episode, as we dive headfirst into the unique world of the Gen X generation, often dubbed the 'forgotten generation'. Our focus is on the dynamic conversations that occur within Gen X households, from the perspective of those in their prime earning years. We address the pressing issues, the everyday challenges, and the unique joys that come with balancing life, money, and aspirations. Whether you're a Gen Xer or just seeking to understand this...2023-10-2424 minLife Money Balance® PodcastEstate Planning Checklist HighlightsStrap in for a conversation where we demystify the complex topic of estate planning. It's not all about gloom and doom, folks. Instead, it's a testament to showering our loved ones with care and security after we're gone. Listen as Dr. Preston Cherry delves into the nitty-gritty of estate planning from ensuring adequate life insurance to candid family dialogues, offering practical advice to safeguard your financial legacy. Regardless of where you are in your estate planning journey, Dr. Cherry has compiled actionable tips and fresh perspectives to assist you in this endeavor. After all, it's not just about wealth...2023-10-1725 min
Real Money, Real ExpertsThe Art of Storytelling and Story Listening with Dr. Preston CherryDr. Preston Cherry, AFC®, CFP®, CFT-1 is the Founder & President of Concurrent Financial Planning, the Head of the University of Wisconsin Green Bay Financial Planning Program, and also a keynote speaker at this year's AFCPE Symposium. Preston is passionate about the ways that storytelling and listening can help us better connect with clients, advance human lives, and inspire transformation. In this episode, Preston shares the influence of stories in his own life and how they have shaped his journey. We take a look at the ways stories can increase engagement and build trust. And we talk about men...2023-10-1026 minLife Money Balance® PodcastSpending Freedom Now and RetirementWhat if you were told that you could become comfortable with spending now and during retirement, and without the gnawing fear of outliving your wealth? That's what you'll learn in this episode with your host, Dr. Preston Cherry. We'll debunk the myths surrounding spending, discuss strategies to plan according to your personal preferences, and pave the path to financial wellness. It's time to give yourself permission to spend; after all, you've earned it. By the time we conclude, you'll have a grip on reducing anxiety and worry about spending, and be ready to plan for a more relaxed financial f...2023-10-1020 minLife Money Balance® PodcastWays to Set Your Financial BoundariesEver wondered if the clarity of your financial boundaries could be the key to your emotional well-being and financial growth? Today, Dr. Preston Cherry sheds light on the necessity of financial boundaries for a stress-free life and financial advancement. He illustrates how these boundaries act as a fortress, safeguarding our money by providing clarity and control, preventing regret, and avoiding conflicts. We explore how to define our limits, prioritize our aspirations, and say no when necessary. This episode is a treasure trove of practical strategies and tools that will set you on the path to financial freedom and wellness. 2023-10-0327 minLife Money Balance® Podcast401k's Are Not ScamsDive deep into the world of 401Ks and retirement planning with Dr. Preston Cherry on "The Life Money Balance Podcast." He'll demystify the complexities, debunk social media myths, and focus on vital legislation like the ERISA Act. But it's not just about rules and numbers – Dr. Cherry will explore the personal side, discussing what 'enough' means for you. Plus, he'll break down the benefits of 401Ks, diversification, and compare them to IRAs. Discover wealth-building strategies like permanent life insurance and the backdoor Roth, all while realizing the importance of saving 12-20% for retirement. Get ready to be informed and em...2023-09-1231 min
The Humans vs Retirement PodcastEmbracing Triumph, Transition, and Transformation For a Vibrant Retirement with Dr. Preston CherrySummary & About Guest Dr. Preston Cherry is the Founder & President of Concurrent Financial Planning, Head of the Financial Planning Program, and Director of the Charles Schwab Centre for Personal Financial Planning at the UW – Green Bay. Preston specializes in empowering individuals to share stories that inform their financial resources and life’s design to achieve financial wellness and freedom that cultivates life wholeness. Preston has been cited by the New York Times, Forbes, the Wall Street Journal, CNBC, and Yahoo Finance. He is an Investopedia 100 Top Financial Advisor, 2022 ThinkAdvisor LUMINARY Finalist, WealthManagement.com Ten to Watch in 2023, Pres...2023-09-0853 minLife Money Balance® PodcastIs Social Security Running Out?"Is Social Security Running Out?" People already have worry & anxiety over retirement. Being alarmist with information cloaked in awareness needlessly elevates the strife.Knowing how the SS system works and what to expect, near-term retirees can DIY or partner with a financial planner or financial coach to adjust their retirement funding plan.Conversation Insights:Brief SS System history and why the history is essential in how we view the SS benefit funds our retirement.Understand how tax collection funds the SS System describing its shortcomings and survival.Why the narrative of "running out" exists...2023-04-0620 min