Shows
Stuff About Money They Didn't Teach You In SchoolEpisode 88: Parent PLUS vs. Private College Loans with John HupaloIn this episode of the Stuff About Money podcast, Erik Garcia, CFP®, welcomes back longtime guest and college funding expert John Hupalo from MyCollegeCorner.com. As Erik navigates the emotional rollercoaster of planning for his own child’s college costs, he brings listeners along for a candid conversation about the realities of paying for school when savings and cash flow aren’t enough. From the tension between dreams and debt to that Rodrigue Blue Dog artwork hanging behind John in New York, this episode blends practical advice with real-world emotion.
Erik and John dive deep into the diffe...2025-05-0645 min
Stuff About Money They Didn't Teach You In SchoolEpisode 87: Dollar Cost Averaging: Your 401(k)’s SuperpowerIn this episode of the Stuff About Money They Didn’t Teach You in School podcast, certified financial planner Erik Garcia speaks directly to those regularly investing in a 401(k), 403(b), or IRA. With the market constantly shifting, it can be tempting to pause contributions and wait for “better” times. But that move might cost you more than you think. Erik explains why dollar cost averaging—investing consistently regardless of market conditions—is actually your retirement plan’s greatest superpower.You’ll hear about three powerful benefits of dollar cost averaging, along with two real challenge...2025-04-2211 min
Stuff About Money They Didn't Teach You In SchoolHow To Prep Your Finances for the Next Recession (Throwback Episode)In this episode of Stuff About Money They Didn't Teach You in School, I (Erik Garcia, CFP®, ChFC®, BFA™) take a solo journey back to 2019—pre-COVID, pre-pandemic stimulus, pre-whatever the heck this current economy is. It's wild to think how much has changed… and how much has stayed the same. This episode opens with a confusing encounter with a Polish website and a German iPhone—setting the stage for how disorienting the financial world can feel when recession fears start swirling. And lately? With inflation still lingering, market volatility, and general unease—it's giving déjà vu all over again.2025-04-0829 min
Stuff About Money They Didn't Teach You In SchoolEpisode 86: How to Actually Use Money for HappinessWe all think having more money will make us happier, but what if the way we instinctively spend it isn’t actually the key to lasting happiness? In this episode of Stuff About Money, Erik Garcia, CFP®, dives into five ways we can use money, and why the thing we want to do with it—buying more stuff—won’t bring us the deep, fulfilling happiness we hope for. Instead, he explores the four things that actually do create happiness: investing in experiences, buying back time, giving generously, and saving for the future. From reflecting on a family trip to Disney...2025-03-2515 min
Stuff About Money They Didn't Teach You In SchoolEpisode 85: Should You Pay Your Mortgage Off Early?Debt. Some people hate it. Some people tolerate it. And when it comes to a mortgage, the debate gets even more interesting. In this episode of Stuff About Money They Didn’t Teach You in School, Erik Garcia unpacks the question that’s been on the minds of several clients this week: Should I pay off my mortgage early? With four unique client scenarios—ranging from low-interest-rate borrowers with excess cash flow to high-rate homeowners debating a refinance—Erik highlights why there’s no one-size-fits-all answer. Along the way, he shares his personal philosophy on debt (hint: not all debt is cr...2025-03-1124 min
Stuff About Money They Didn't Teach You In SchoolEpisode 84: Tomorrow Never Comes: Why We Put Off Financial DecisionsIn this episode of the Stuff About Money podcast, Erik and Xavier kick off this episode with a slightly humorous conversation about the unique way people from New Orleans speak—because if nothing else, in The Big Easy, they have their own way of doing things. But that same tendency to do things our way extends beyond language—it also applies to how we handle money. More specifically, how we don’t handle it. That’s right, this episode dives into the all-too-common habit of financial procrastination and why we keep telling ourselves, “I’ll take care of it tomorrow.”2025-02-2539 min
Stuff About Money They Didn't Teach You In SchoolEpisode 83: Is the Piggy Bank Dead? Teaching Kids to Manage Digital MoneyIn this episode of Stuff About Money They Didn’t Teach You in School, certified financial planners Erik Garcia, CFP®, and Xavier Angel, CFP®, are joined by Javier Sanchez, AVP of Financial Literacy for Fidelity Bank. Together, they explore how teaching kids about money has shifted in the digital age. The classic piggy bank may be fading, but the need for financial education is stronger than ever. Javier shares practical insights on starting financial conversations early, navigating the risks of credit cards, and the importance of modeling good money behavior for our children. They also dive into how mobile bank...2025-02-1140 min
Stuff About Money They Didn't Teach You In SchoolEpisode 82: Will 2025 Bring More Volatility? Expert Market Outlook with Phil BlancatoWhat should you expect in 2025? Will market volatility and inflation trends continue to dominate the economy? In this dynamic episode of Stuff About Money They Didn’t Teach You in School, host Erik Garcia, CFP®, sits down with Phil Blancato, Chief Market Strategist for Osaic Wealth Management and CEO of Ladenburg Thalmann, to break down the biggest surprises of 2024 and what’s ahead for the markets. They dive into whether the explosive growth of the Magnificent 7 tech giants can continue and discuss how market corrections and volatility could impact investors in the coming year.Are you ready for p...2025-01-2836 min
Stuff About Money They Didn't Teach You In SchoolEpisode 81: Ditch Your Resolutions: Rewire Your Mindset for Financial SuccessWhy do most New Year's resolutions fail, and why is it often a waste of time to even set them? In this engaging episode of "Stuff About Money," certified financial planners Xavier Angel and Erik Garcia commit to changing their mindset as they usher in 2025. They explore the common pitfalls of resolutions, revealing that a staggering 80% of goals fall by the wayside within the first month. Instead of traditional resolutions, Xavier and Erik emphasize the importance of actionable strategies that focus on living in the gain and creating new neural pathways for lasting change.L...2025-01-1435 min
Stuff About Money They Didn't Teach You In SchoolEpisode 80: Common Money Mistakes Advisors See Clients MakeIn this episode of Stuff About Money They Didn't Teach You in School, host Erik Garcia, CFP®, teams up with Brenton Harrison, the host of the New Money, New Problems podcast, to discuss the most common financial mistakes clients make. Recorded live at Osaic's annual Connected conference in Orlando, they explore the emotional factors that influence poor investment decisions, the critical differences between risk tolerance and risk capacity, and the myths surrounding passive income.Erik and Brenton share real-world examples and insights from their practices as financial advisors, highlighting how emotions like fear and g...2024-12-3128 min
Stuff About Money They Didn't Teach You In SchoolEpisode 79: Navigating Student Loans: A Roadmap to Funding College with John HupaloIn this episode, Erik Garcia, CFP®, and host of the Stuff About Money podcast, continues his conversation with John Hupalo from My College Corner, exploring the complex world of student loans. Building on their previous discussion about the FAFSA form, they cover the various types of loans available to students, including federal, private, and state-based options. John shares valuable insights on responsible borrowing, the differences between subsidized and unsubsidized loans, and how parents can navigate the financial landscape to support their children's education. Join them as they unpack essential questions surrounding student loans, such as...2024-12-1747 min
Stuff About Money They Didn't Teach You In SchoolEpisode 78: Navigating FAFSA with John HupaloIn this episode of the "Stuff About Money" podcast, host Erik Garcia, CFP®, CHFC®, BFA®, welcomes back his good friend John Hupalo from mycollegecorner to discuss college financing. This is part one of their conversation, where they tackle FAFSA season and share insights, tips, and a few laughs about the sometimes overwhelming process of financial aid applications. They also explore common misconceptions about financial aid and how to best prepare for the application process. Erik humorously suggests that having a therapist on speed dial might be a wise choice for families navigating these financial waters together!Join Eri...2024-12-0343 min
Stuff About Money They Didn't Teach You In SchoolEpisode 77: Less Bad Decisions: How To Build Wealth with Bradley FlowersIn this episode of "The Stuff About Money They Didn't Teach You in School," host Erik Garcia welcomes Bradley Flowers, co-host of "The Insurance Guys Podcast" and owner of Portal Insurance. Bradley shares his unique perspective on improving both golf scores and financial health by focusing on making fewer bad decisions rather than striving for perfection. They discuss how this approach can lead to better outcomes in wealth-building and entrepreneurship.Bradley and Erik explore common financial mistakes and strategies to avoid them, drawing parallels between golf and financial decision-making. Bradley also shares insights from...2024-11-1946 min
Stuff About Money They Didn't Teach You In SchoolEpisode 76: Investing in Quality: A Conversation with Kevin Caron, CFAIn this episode of the "Stuff About Money" podcast, hosts Erik Garcia, CFP®, BFA™, ChFC®, and Xavier Angel, CFP®, ChFC®, CLTC, discuss investing with Kevin Caron, CFA, Senior Portfolio Manager for Washington Crossing Advisors. They explore the firm's investment philosophy, focusing on quality companies with a track record of consistent growth and profitability. Kevin explains their emphasis on businesses that are well-capitalized, with low debt and attractive valuations, ensuring a focus on durability and predictability. The discussion also touches on the strengths and limitations of this investment approach, including when it performs well and potentia...2024-11-0542 min
Stuff About Money They Didn't Teach You In SchoolEpisode 75: Boost Your Income: Key Takeaways from IndieTech with Erik and XavierIn this episode of the "Stuff About Money" podcast, hosts Erik Garcia, CFP®, BFA™, ChFC®, and Xavier Angel, CFP®, ChFC®, CLTC, share their top takeaways from the IndieTech Conference. While they usually dive into saving and investing, this time they focus on boosting your income by investing in yourself. Discover how developing relationships, establishing processes, and leveraging technology can drive revenue for entrepreneurs and professionals. Erik and Xavier sprinkle humor into their insights on maximizing personal growth and taking risks. Learn why attending conferences is more than just collecting swag—it’s about connecting with like-m...2024-10-2243 min
Stuff About Money They Didn't Teach You In SchoolEpisode 74: Top 3 Financial Planning Tips for Early-Career PharmacistsIn this episode of the "Stuff About Money" podcast, co-hosts Erik Garcia, CFP®, BFA™, ChFC® and Xavier Angel, CFP®, ChFC®, CLTC discuss key financial planning strategies for pharmacists at the start of their careers. They explore how to effectively manage income and expenses, set meaningful financial goals, and create a balanced budget to ensure a secure financial future. Erik and Xavier also discuss the challenges of managing student debt and the importance of making informed financial decisions. With practical insights and tips, this episode is packed with valuable advice to help pharmacists build a strong...2024-10-0835 min
Stuff About Money They Didn't Teach You In SchoolEpisode 73: Should My Agency Be My Only Retirement Plan? Insights with Carey WallaceIn this episode of the "Stuff About Money" podcast, host Erik Garcia, CFP®, BFA, ChFC®, welcomes back Carey Wallace to tackle the question: Should your insurance agency be your only retirement plan? Carey shares her expertise on diversifying retirement strategies, the risks of relying solely on your agency, and the importance of planning for a secure financial future.Erik and Carey discuss practical steps to evaluate your current retirement approach, explore alternative investment options, and ensure a balanced financial strategy. Learn how to prepare for a successful retirement and maximize the value of your ag...2024-09-2444 min
Stuff About Money They Didn't Teach You In SchoolEpisode 72: Momentum Investing: Exploring Relative Strength with Ian SaundersIn this episode of the "Stuff About Money" podcast, host Erik Garcia, CFP®, BFA™, ChFC®, welcomes Ian Saunders, Senior Research Analyst for Nasdaq Dorsey Wright. They explore the world of Relative Strength, also known as Momentum Investing. Ian draws a compelling analogy to March Madness, highlighting that top seeds have an 80% chance of winning their games, similar to how strong investments are identified. Throughout the discussion, Ian explains what Relative Strength is and how it differs from other strategies. He shares insights into the metrics used for measurement, optimal time frames for assessment, and the p...2024-09-1040 min
Stuff About Money They Didn't Teach You In SchoolEpisode 71: Should I Adjust My Portfolio? The Emotions of Investing with Dr. Matt MorrisIn this episode of the "Stuff About Money" podcast, host Erik Garcia CFP®, BFA™, ChFC®, is joined by long-time friend of the show, Dr. Matt Morris. Together, they tackle the question: "Should I adjust my portfolio?" as they navigate the emotions of investing in a volatile market. Erik provides insights into current market noise, discussing factors like employment rates, Japan's rate changes, the federal reserve, and media influence on investor sentiment. Dr. Matt and Erik discuss strategies for managing emotions and making informed decisions amid uncertainty.The conversation explores stories from the trenches and examines destructive and disr...2024-08-2748 min
Stuff About Money They Didn't Teach You In SchoolEpisode 70: Mental Frameworks for Making Better Financial DecisionsIn this episode of the "Stuff About Money" podcast, host Erik Garcia, CFP®, BFA™, ChFC®, sits down with Ryan Hanley, a consultant to an AI marketing company, successful podcaster, and executive coach. Ryan's podcast, "The Ryan Hanley Show," is a top 20 business podcast on Apple and ranks in the top 145 of all Apple podcasts. They discuss the key points from a recent keynote Ryan delivered, focusing on the importance of using mental frameworks to make better financial decisions. Ryan shares how these frameworks help us navigate our inherent biases and beliefs, leading to more sound financial choices.2024-08-131h 03
Stuff About Money They Didn't Teach You In SchoolEpisode 69: From Business to Household CFO: Financial Wisdom with Carey WallaceIn this episode of the "Stuff About Money" podcast, host Erik Garcia, CFP®, BFA, ChFC®, welcomes Carey Wallace, a Fractional CFO for independent insurance agency owners. They explore the crucial role of a Household CFO and discuss how the financial strategies Carey uses in her professional life can be adapted for managing household finances. Carey shares her expertise on topics such as the power of compound interest, the differences between business and personal financial management, and the emotional aspects of personal finance.Join Erik and Carey as they offer practical advice and strategies to im...2024-07-3054 min
Stuff About Money They Didn't Teach You In SchoolEpisode 68: How to Maximize the Value of Your Insurance AgencyAs business owners, the majority of our net worth is tied to the value of our business. What steps should we take today to maximize this value for a future sale? In this episode of the Stuff About Money podcast, host Erik Garcia, CFP®, BFA™, ChFC®, sits down with tax attorney David Foate JD, LLM, to explore practical advice on preparing your business for a successful sale. David specializes in the buying and selling of agencies and shares his extensive experience with our listeners on how to increase the saleability and value of their agenc...2024-07-161h 01
Stuff About Money They Didn't Teach You In SchoolEpisode 67: Build Lasting Financial Security: Embrace These 3 Essential HabitsWhat does it mean to achieve financial security? Is it having a certain dollar amount in the bank or the ability to maintain your desired lifestyle no matter what happens? Erik Garcia (CFP®, BFA™, ChFC®) shares the three habits he believes are essential for building financial security in this episode. While the path to financial security may seem simple, it's not easy to achieve.In this solo episode of the Stuff About Money podcast, Erik will explore these habits further and explain how you can take control of your financial future. By cultivating these key...2024-07-0212 min
Stuff About Money They Didn't Teach You In SchoolEpisode 66: Do I Need a Bookkeeper? with Jeremiah BradleyMany insurance agency owners struggle with the financial side of their business - Am I paying too much in taxes? Are my finances in order? Am I making a profit? These questions can be daunting, especially for those who don't have a strong background in accounting and bookkeeping.In this episode, Erik Garcia (CFP®, BFA™, ChFC®) and Xavier Angel (CFP®, ChFC®, CLTC®) sit down with Jeremiah Bradley, an expert in providing bookkeeping and payroll services to insurance agencies and independent agents. Jeremiah shares insights on the benefits of having a dedicated bookkeeper, the impact of not...2024-06-1846 min
Stuff About Money They Didn't Teach You In SchoolEpisode 65: 3 Money Strategies to Teach Your KidsWe all want our kids to develop healthy money habits. We want them to grow to be financially independent humans. They need to develop the skills to face life's financial challenges while the consequences are not too costly. But where do we start? Can Taylor Swift help us in our efforts? Is there something to learn from Erik’s gardening hobby? In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC address a common question they receive from their clients, “How do I teach my kid about...2024-06-0441 min
Stuff About Money They Didn't Teach You In SchoolEpisode 64: Am I Getting a Good Deal in My Marriage? with Dr. Matt MorrisMoney is a flash point in marriages. Throw in income disparity between spouses and you have even more opportunity for complex, emotionally charged conflict.In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, ChFC®, BFA™ and Xavier Angel, CFP®, ChFC®, CLTC, invite Dr. Matt Morris, couple's counselor and perennial contributor to the show, to discuss potential pitfalls for couples if they are not engaging in regular, healthy conversations about money. You will walk away with an awareness of areas you can afford to grow in with a list of strategies and tactic...2024-05-211h 05
Stuff About Money They Didn't Teach You In SchoolEpisode 63: Security, Hope and Significance: The True Value of MothersMother’s Day seems like a silly holiday! Well, at least that's the perspective of guest hosts Missy Garcia and Grace Angel on the Stuff About Money podcast. In this episode, Erik Garcia, CFP®, ChFC®, BFA™, and Xavier Angel, CFP®, ChFC®, CLTC, step back as their daughters take the lead in discussing the significance and value of their mothers and mothers everywhere.Episode Highlights:
Grace and Missy share their perspectives on Mother's Day. (1:07)
Erik discusses how mothers provide security, hope, and significance throughout life. (7:23)
Xavier believes that mothers are the b...2024-05-0727 min
Stuff About Money They Didn't Teach You In SchoolEpisode 62: Margin, Seasons, & Values. Work-Life Balance in Perspective.In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, ChFC®, BFA™ is joined by a long-time friend of the show, Couples Counselor Dr. Matt Morris, and first-time guest Michael Baudin.Listen in as they discuss what work-life balance is and, maybe more importantly, what it is not. This recording extends from a casual conversation among friends that originated at a Pelicans NBA basketball game. Erik felt compelled to share this compelling dialogue with Stuff About Money listeners. Drawing from his expertise as a family therapist, Dr. Matt...2024-04-231h 06
Stuff About Money They Didn't Teach You In SchoolEpisode 60: Understanding the Dow Jones, S&P 500, and Nasdaq Composite"I was excited when I finally understood what the radio announcer was talking about this morning on my commute! All of those financial terms made perfect sense to me" 🙂In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC, share the story that led to that comment from one of their clients. They break down the three most popular indices for measuring stock market performance: the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite. You will learn how th...2024-03-2623 min
Stuff About Money They Didn't Teach You In SchoolChampion People With Jeff RoyWhoa! Mind blown. Rescuing donkeys from the side of the road, funding hospitals, training hockey players, and so much more. Jeff and Una Roy live by the mantra, “Give with no expectation of anything in return”. They are catalysts for change in their community. Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their familie...2024-03-1421 min
Stuff About Money They Didn't Teach You In SchoolPaying for College With Christen ArafehCollege is CRAZY expensive. As a parent, where do you start planning for your child’s Higher Ed? There is so much competing for your money and with many colleges not offering merit-based financial aid, the prospect of paying for college is daunting, to say the least. It seems inevitable that our kids will be buried in college loan debt forever. In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA™, has a conversation with Christen Arafeh of Crescent City College Consulting. Christen is a speaker, college admissions advisor, and sch...2024-03-1239 min
Stuff About Money They Didn't Teach You In SchoolLeave the World Better Than How You Found It With Vonda CopelandEntering into the personal pain of others is no easy feat. Hear how Vonda found personal healing through her involvement with crime stoppers and foster summer camp. Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their families and leaving a meaningful impact on their communities through generous acts. Discover the driving forces behind th...2024-03-0719 min
Stuff About Money They Didn't Teach You In SchoolSurprise and Delight With Erin Richardson“Listen intently and respond creatively”. Listen to how Erin and Mike Richardson deepen relationships through intentional listening and then responding to other’s needs.Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their families and leaving a meaningful impact on their communities through generous acts. Discover the driving forces behind their giving, heartfelt stories...2024-02-2915 min
Stuff About Money They Didn't Teach You In SchoolBasics of Estate Planning for Everyone with Ryan McBrideIn this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC, are joined by Attorney at Law Ryan McBride to discuss the basics of estate planning. They discuss what estate planning is, the importance of beneficiary designations on life insurance and retirement accounts, and finally one of the core tools used in estate planning, a will.Episode Highlights:
Ryan shares his non-linear journey to becoming an attorney, starting from pre-med to obtaining a finance degree, then exploring business ventures before eventually specializing in estate planning an...2024-02-2745 min
Stuff About Money They Didn't Teach You In SchoolServing Veterans With Rob BowenRob is passionate about veterans. Hear how he meets their needs, from mental health to dressing nicely. Thank you for your service.Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their families and leaving a meaningful impact on their communities through generous acts. Discover the driving forces behind their giving, heartfelt stories of t...2024-02-2217 min
Stuff About Money They Didn't Teach You In SchoolGoing Where Others Won’t With Mohamad MominHear how at an early age, giving to others was instilled in Mohamad as a value. He’s driven to make a positive impact in the lives of others the way THEY need to be helped. Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their families and leaving a meaningful impact on their commu...2024-02-1516 min
Stuff About Money They Didn't Teach You In SchoolMaking Each Other BetterIn this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC, take you on a trip down memory lane. They reminisce on how they first met (it has something to do with shoe shopping) and how Xavier ended up joining the Plan Wisely Wealth Advisors team. They share how they ended up developing their business model to deliver ongoing financial advice to clients. Erik shares his one-page monthly business plan. And finally, Xavier shares a little bit about his experience as a black advisor in a predominantly white industry.2024-02-1333 min
Stuff About Money They Didn't Teach You In SchoolChanging lives through swimming with Margaret RutherfordHear how Margaret connects her 3 agency locations to different organizations she supports. And you do not want to miss her story about the Special Tigers swim team! Oh my goodness, grab your Kleenex. Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their families and leaving a meaningful impact on their communities through generous ac...2024-02-0813 min
Stuff About Money They Didn't Teach You In SchoolWelcome to America with Michael OverstreetMichael’s mom taught him to consider others who have less. Hear Michael’s heart for the refugee. “Withhold judgment until you hear other’s stories”. Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their families and leaving a meaningful impact on their communities through generous acts. Discover the driving forces behind their giving, hear...2024-02-0111 min
Stuff About Money They Didn't Teach You In School2 Things Erik and Xavier Are Doing to Better Their Finances in 2024Better health and finances always top the charts for New Year's resolutions. Clearly, improving your health and finances are both noble causes that many value. But only 1% of Americans follow through on their resolutions! Is it even worth making resolutions? For this reason, in this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC, share one piece of advice they would give to anyone wanting to better their finances and one thing they are each doing to better their finances. They are not much for making "New Year's resolutions," but they do...2024-01-3028 min
Stuff About Money They Didn't Teach You In SchoolAlways be giving with Gertha JeanHear how Gertha passionately serves her community and meets the needs of others. She says, “Bless others as you are blessed”, and “If we have and you need it, come and get it”.Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their families and leaving a meaningful impact on their communities through generous acts. Dis...2024-01-2513 min
Stuff About Money They Didn't Teach You In School“My heart is smiling,” with Chris ParadisoChris shares his dad’s wisdom “The greatest gift we can give is to someone who could never repay us.” Hear how Chris involves his team and his family in giving. Welcome to "Insurance Professionals Are Givers," a podcast series led by Erik Garcia CFP® and guest co-host Billy Wagner, exploring the essence of Erik's fifth pillar of financial security: "Give To Others." Dive into engaging conversations with diverse insurance professionals as they share their journeys of creating legacies for their families and leaving a meaningful impact on their communities through generous acts. Discover the driv...2024-01-1815 min
Stuff About Money They Didn't Teach You In SchoolWhat will the stock market do in 2024? with Phil BlancatoIn this episode of the Stuff About Money podcast, join Erik Garcia, CFP®, BFA, as he sits down once again with two-time guest Phil Blancato, CEO of Ladenburg Asset Management and Chief Market Strategist for Osaic Research. Phil shares his top 5 themes for the 2024 stock market, addressing key questions about inflation, the Federal Reserve's next moves, and the impact of China on portfolios.Erik and Phil also inject some humor into the conversation by exploring the connection between Nick Saban's retirement as the head coach of the Alabama Crimson Tide college football team and i...2024-01-1632 min
Stuff About Money They Didn't Teach You In School“Give To Others” with Billy WagnerJoin Erik Garcia, CFP®, and guest co-host Billy Wagner in their new mini-podcast series, "Insurance Professionals Are Givers," as they explore Erik's fifth pillar of financial security: "Give To Others." Discover how generosity isn't just about material wealth—it's about finding joy and happiness through cheerful giving.In each episode, Erik and Billy sit down with different insurance professionals, delving into how these individuals are shaping legacies for their families and impacting their communities through their acts of generosity.Tune in weekly to uncover the inspiration and drive behind the...2024-01-1130 min
Stuff About Money They Didn't Teach You In SchoolIncome Is Not Wealth. Wealth Is Not Income. w/ David CarothersThere is a myth that people who look “richer” are thought to be “wealthy, but in reality, all that tells us is they have a more expensive lifestyle. Tied to that is the myth that big incomes mean you are wealthy. But income is not wealth, and wealth is not income.In this episode Erik Garcia, CFP®, BFA, and David R. Carothers, CIC, CRM, CWCA discuss the secrets of millionaires of converting income into wealth. It's real simple to become a millionaire. It's just not easy!Episode Highlights:
David m...2024-01-0242 min
Stuff About Money They Didn't Teach You In SchoolImpacting Community Through Giving With Inman HoustonDiscover how $350,000,000 is making a profound impact in New Orleans! In this episode, Inman Houston, President and CEO of Baptist Community Ministries (BCM), sheds light on how BCM is transforming lives by financially supporting organizations that address crucial community needs in safety, education, and health.However, the true highlight lies in Inman's compelling personal narrative. Joined by co-hosts Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, Inman shares a deeply personal story about receiving a life-changing gift with profound insight: "Before you can be a good giver, you have to be able to...2023-12-1947 min
Stuff About Money They Didn't Teach You In SchoolCollege Financing: Mastering FASFA, 529s & Essential Planning Tips with John HupaloFAFSA? EFC? SAI? What does all this mean? College planning is complicated and overwhelming for both the student and the parent. There should be an easy button to plan for college. In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, has a candid discussion with John Hupalo (4-time guest on the show) on navigating the FASFA maze. From demystifying FASFA responsibilities to understanding asset impacts on aid eligibility, get expert insights into college planning essentials. They discuss strategies to pay for college using needs-based methods as well as merit-based methods. This is...2023-12-0550 min
Stuff About Money They Didn't Teach You In SchoolTaking Flyte and Changing Lives Through Financial Literacy With Alex BigbieIn this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, hear from Alexander Bigbie of Flyte as he shares his story of running small programs to help individuals in vulnerable communities with their financial literacy. Be prepared to be inspired.Episode Highlights:
Alexander explains that establishing credit at a young age and learning how to effectively manage credit cards can have long-term benefits and help avoid future financial mistakes. (3:13)
Alexander discusses his journey in creating Flyte, which aims to provide financial wellness programming and su...2023-11-2146 min
Stuff About Money They Didn't Teach You In SchoolBánh Mìs, Daiquiris & Celebrating Financial MilestonesBánh Mìs and Daiquiris have nothing to do with money. But what better way to celebrate achieving a financial milestone than with a bang bang shrimp Bánh Mì (Vietnamese po-boy) and a crawgator Daiquiri?In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA celebrates with Xavier Angel, CFP®, ChFC, CLTC as he recently achieved a financial goal that took self-discipline and a lot of delayed gratification. And driving around an old 2008 Honda!Episode Highlights:
Xavier discusses his recent financial experiences, including unexpected debt incurred from t...2023-10-2426 min
Stuff About Money They Didn't Teach You In SchoolHow Often Do You Think About the Roman Empire (How They Viewed Wealth)? #romanempirePuff Daddy wasn’t Roman, but "Mo Money Mo Problems" may have resonated with the Stoics. Apparently, Erik thinks more about Roman views on wealth than he realized. And the Roman Empire is alive & well & taking TikTok over by storm thanks to Gaius Flavus…who? In this episode, Erik Garcia, CFP®, BFA, and guest host Dr. Matt Morris LPC & LMFT discuss what some well-known Stoics had to say about wealth (thanks to an extensively shallow search on ChatGPT).Episode Highlights:
Matt discusses his experience using ChatGPT in the classr...2023-10-1036 min
Stuff About Money They Didn't Teach You In School#GirlMath…Come On Man!Are girls really bad at math? If something costs less than $5, it’s practically free, right? If I return something and get a store credit, I make money, correct? LOLXavier Angel, CFP®, ChFC, CLTC, and Erik Garcia, CFP®, BFA, discuss one of the latest TikTok trends #girlmath. Erik dispels the myth that girls are worse at math than boys. They discuss how we all tell ourselves stories to justify what we want to buy.Episode Highlights:
Erik discusses the myth of "girl math" and disproves the idea that...2023-09-2625 minStuff About Money They Didn't Teach You In School8 Reasons Business Owners Should Diversify Their WealthBusiness owners often have the majority of their net worth tied up in their business. Does it make sense for them to diversify their wealth to protect their assets and achieve long-term financial security?Erik Garcia, CFP®, BFA, talks about why it’s a bad idea to have all your eggs in one pocket and shares his 8 compelling reasons why business owners should diversify their wealth (reason #8 is the most compelling for him).Episode Highlights:
Erik announces that the Stuff About Money podcast is now part of the Agency Intelligence Podcast Net...2023-09-1215 minStuff About Money They Didn't Teach You In SchoolThe Power of Simple in Financial PlanningMaking a financial plan is complicated. There are a lot of moving parts and complexity…you could fill a book with just one plan! But often, more isn’t always better.Xavier Angel, CFP®, ChFC, CLTC and Erik Garcia, CFP®, BFA, talk about the benefits of keeping it simple. From children practicing copyright law to adults presenting too-long packets of paper to a 40 year monster of a plan, our intrepid hosts explore why simple is sometimes best.Episode Highlights:
Xavier discusses the use of children on a mock jury to simplify argume...2023-08-2926 minStuff About Money They Didn't Teach You In SchoolA Fresh Take on Budgeting…Even Millionaires Do ItErik has a confession to make... he dislikes budgeting. Yep, even though he created a budgeting course for his clients, he shares why he has an aversion to traditional budgets.In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA flies solo as he explains his fresh take on budgeting. He gives you 3 reasons why managing your cashflow is foundational to building wealth.Check out Erik's "Budgeting Made Easy Course" here: https://www.plan-wisely.com/budget/Episode Highlights:
Erik explains t...2023-08-1511 minStuff About Money They Didn't Teach You In SchoolReasons to Share Your GoalsOr, the return of Xavier’s car: The 2008 Accord Strikes Back!Xavier Angel, CFP®, ChFC, CLTC, and Erik Garcia, CFP®, BFA, have a discussion about making and setting goals - particularly, about how sharing those goals can make them easier to achieve! They talk about everything from collaboration to accounting, hard stats to practical advice, Xavier’s car to Erik’s recliner… this episode truly has it all. Erik also reveals that he’ll be out for a bit due to shoulder surgery, so wish our beloved host a speedy convalescence!Episode...2023-08-0125 minStuff About Money They Didn't Teach You In SchoolCommon Sense Money with Daniel PrudhommeThis is the Stuff About Money podcast, and here, we talk about… well, stuff about money! Some episodes are super specific and get into specific case studies, but sometimes, it’s good to get back to the basics.From Dave Ramsay, to teaching your children, to explaining the local dialect, Xavier Angel, CFP®, ChFC, CLTC and Erik Garcia, CFP®, BFA, host Daniel Prudhomme in a wide-ranging conversation about common sense finance.Episode Highlights:
Daniel shares his background growing up in Southwest Louisiana. (10:52)
Daniel explains how they have tried to teach their kids a...2023-07-1842 minStuff About Money They Didn't Teach You In SchoolI Got No Car Note! IIXavier’s a Certified Financial Planner driving a 2008 Accord. What? Why? Well, he drives his old car without air conditioning for a simple reason: No car note!Xavier Angel, CFP®, ChFC, CLTC and Erik Garcia, CFP®, BFA, chat about what having no car note opens up and about how it can be hard to reach your financial goals. In addition, Erik tries his hand at rapping to better illustrate his point… Well, he’s a perfect fit for his industry at least!Episode Highlights:
Xavier shares a personal story ab...2023-07-0424 minStuff About Money They Didn't Teach You In SchoolEducation Planning: Xavier’s StoryEducation planning comes with many obstacles, like student loans, meal plans, housing… and, as some of you will come to find out, what happens after graduation.Xavier Angel, CFP®, ChFC, CLTC, tells Erik Garcia, CFP®, BFA, his and his family’s story of having to financially plan for a recent college graduate. The two discuss values-based planning, moving complications, “working your way through college” and more in this latest installment of the stuff about money podcast.Episode Highlights:
Xavier discusses his personal experience with unforeseen costs that surfaced after his kids completed...2023-06-0616 minStuff About Money They Didn't Teach You In SchoolBuilding Wealth and Advice - Erik and Xavier Weigh InBuilding wealth is the central part of a financial planner’s livelihood. So, entering into the industry, they’d be given good, sound advice… right?Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC, share advice they’ve gotten while getting into the financial planning industry and why it’s not the greatest. In addition, our hosts discuss actual, sound advice on getting wealth. Xavier discusses his revolutionary new charity foundation (sarcasm) and Erik shows off his pasty scalp.Episode Highlights:
Erik shares the advice he received when he firs...2023-05-2325 min
Semilla ✵ We Are One✺ 124. Compromiso & Disciplina: Sirviendo La Medicina ~ Confiar, Agradecer, Ser & Amar | Érik GarcíaÉrik es un emprendedor nato, aprendiz de medicina y gran activador del cambio en nuestra era. Su camino implica la confianza y la gratitud de ser quienes somos en cada una de las decisiones que tomamos sin miedo.
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Tras un suceso de experiencias transformadoras en Ceremonias de Ayahuasca, su misión y elección de vida se despertaron, comenzando así a aprender el oficio de servir a la humanidad la medicina de la Tierra. Como emprendedor, su ejemplo de superación es un reflejo claro de compromiso y disciplina al que acogernos en cualquier momento de nuestra vida.
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Compartiendo desde nuest...2023-05-121h 07Stuff About Money They Didn't Teach You In SchoolPharmacy and Owning Your Own Business with Jeff RodriguezMom and pop pharmacies are a part of many people’s lives. But behind the storefront, there’s a whole world of owning your own business, managing finances, and paying off student loans!Family pharmacy owner and pharmacist Jeff Rodriguez joins Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, to talk about the financial ins-and-outs from being a pharmacist. In addition to chatting with our hosts about retail versus specialty pharmacy and the financial complications of opening your own business, Jeff recounts the story of a mysterious old fisherman spouting financial maxims.2023-05-0930 minStuff About Money They Didn't Teach You In SchoolThe Household CFO with Dr. Sarah FallawDoes your household need a Chief Financial Officer?Revisit this throwback episode of the Building Us podcast, where hosts Erik Garcia, CFP®, and Dr. Matt Morris, LPC, LMFT. are joined by Sarah Fallaw, President at DataPoints, to discuss what it takes to run a financially successful household.Episode Highlights:
Sarah shares her background in industrial psychology, and how she has applied the data and research that her father began back in the 80s. (3:26)
Sarah shares her thoughts on income and wealth. (6:06)
Sarah explains the DataPoints research findings on h...2023-04-2549 minStuff About Money They Didn't Teach You In SchoolLiquid Assets and What They Do For YouWe all know that in the case of an emergency, it’s nice to have finances not tied up in stuff like real estate or the like - i.e., liquid assets. But did you know that’s not all that you want liquid assets for?This week, your Lords of Liquidity (not an actual title), Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, discuss liquid assets, what they are, where you’ll keep them, and what you’ll use them for. They talk about how liquid assets can help out in business, p...2023-03-2831 minStuff About Money They Didn't Teach You In SchoolDisability Insurance: Questions and FactsYour body is valuable, especially if you work in a physical industry! So, if something happens to it, it’s nice to have the peace of mind that cash won’t stop flowing.As always, Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, take insurance and make it interesting: this time, it’s disability insurance. The two talk about what disability insurance is, when to get it, and what can cause a disability claim.Episode Highlights:
Xavier explains group and individual disability insurance, as well as short-te...2023-03-1426 minStuff About Money They Didn't Teach You In SchoolSocial Media and Financial AdviceSocial media is ubiquitous. Everyone uses it, including us, and including you (if you’re counting podcasts)! This includes people who give financial advice, even if it’s not always the best.Your favorite financial influencers, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC, discuss different financial advice that’s given on social media, from crypto to life insurance, and why ultimately, you as the consumer ought to ask questions and be skeptical. In addition, they talk about peeing on Mardi Gras (a rather difficult problem for us folks in New Orleans), and why Erik’s daughter...2023-02-2829 minStuff About Money They Didn't Teach You In SchoolThe 10 Tenets of Relationships as According to Dr. Matt MorrisFinances are important. Building wealth is important. At Plan Wisely, we deal with money and stocks and finance all day long. But you know what’s really, really important? Relationships.Erik Garcia, CFP®, BFA welcomes longtime friend of the show Dr. Matt “The Relationship Doctor” Morris, a professor and relationship counselor, discuss 10 tenets of all kinds of relationships, from parents to siblings to spouses. Matt and Erik discuss trust, integrity, connection, and more in this extra-long episode of Stuff About Money.Episode Highlights:
Matt explains why relationships are necessary. (11:40)
Matt discusses how des...2023-02-141h 28Stuff About Money They Didn't Teach You In SchoolFarewell, 2022, and Hello, 2023!What a year 2022 was! Ups and downs in the market, financial happiness, financial sadness… and now, we usher it out the door and welcome in 2023. Who knows what 2023 will bring for you and your finances?Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, reflect on the past year and finally welcome in the new year (about 2 episodes too late). They exchange their favorite moments from the podcast and talk about guest highlights before the dynamic duo turn their attention to the new year, goals, and what’s next for our favorite hosts.2023-01-3128 minStuff About Money They Didn't Teach You In SchoolSecure Act 2.0 Impact on Business Retirement Planning with Vinnie Allard, AIF®For the majority of Americans, retiring is an inevitable stage of life, one that comes with both the promise of relaxing without having to work and the threat of saving enough to make that promise come true. It’s pretty easy to see that retiring comes with its challenges, and staying in the loop means that tackling them is that much easier.Erik Garcia, CFP®, BFA, and guest Vinnie Allard, AIF®, discuss the Secure Act 2.0 and how it impacts employers and employees as it relates to retirement plans. They discuss some key changes and why...2023-01-1734 minStuff About Money They Didn't Teach You In School“If It’s to Be, It’s Up to Me”, Visioning and Role Modeling With Daniel SeongIn this installment of the Stuff About Money podcast, Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, are joined by TikTok sensation Daniel Seong to discuss growing wealth from nothing and how to be role models for your kids and others around you. They chat about the importance of "operating with the end in mind" instead of getting lost in the process, and how Daniel's teaching his kids healthy spending habits.Episode Highlights:
Daniel discusses the struggles and insecurities he encountered as a child and how he o...2022-12-2049 minStuff About Money They Didn't Teach You In School7 Financial Issues You Should Discuss Before Getting Married With Jessica BurkeMarriage is such a beautiful thing! Sealing the deal with your beloved can be magical! Y'all don’t want ANYTHING to get in the way of your burgeoning marriage - so it’s a good idea to talk about your finances BEFORE the wedding, not after.In this episode of the Stuff About Money podcast, Jessica Burke of NOW Weddings Magazine joins Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, to talk about what couples ought to be discussing before they get married.Episode Highlights:
Jessica talks...2022-12-0635 minStuff About Money They Didn't Teach You In SchoolFinancial Decisions You’ll Have To Make for Your Wedding with Jessica BurkeWhat comes to mind when you think about weddings? The happy couple? Wedding cake? A bumping reception? Wedding cake? Maybe the kiss? Or, perhaps, the wedding cake?What about the finances?In this episode of the Stuff About Money podcast, Jessica Burke of NOW Weddings Magazine joins Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, to talk about getting married and how it’s going to hit your pocketbook. Jessica and Xavier discuss what factors go into making a wedding expensive while Erik contemplates sneaking into a rece...2022-11-2231 minStuff About Money They Didn't Teach You In SchoolInflation, Recession, Mid-term Elections and the Market with Kevin CaronIf you have money invested in the stock market, there's a good chance the recession is on your mind. Will high inflation lead us to a recession? What about the mid-term elections? And when will the stock market be normal again?In this episode, Xavier Angel, CFP®, ChFC, CLTC, and Erik Garcia, CFP®, BFA, are joined by Kevin Caron, CFA, Senior Portfolio Manager and co-founder of Washington Crossing Advisors, in search of answers to the questions many investors are asking.Episode Highlights:
Kevin shares about his background in fi...2022-11-0845 minStuff About Money They Didn't Teach You In School5 Common Financial MistakesMistakes are abundant. We’ve all made them! Mistakes with our money, though, might be among the scariest - so it’s worth getting to know some of the most common ones to try to avoid them.In this latest installment of the Stuff About Money podcast, Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, chat about common financial mistakes - some they’ve made themselves! - one of those being forgetting how to count. They also briefly mention Xavier’s tie wearing habit, and Erik’s lack of one.Ep...2022-10-2540 minStuff About Money They Didn't Teach You In School7 Things That 401k Investors Should KnowFor everyone that’s a 401k investor out there: How well do you understand your investment? Some might know more than others, but no matter how much about retirement investing you know, being familiar with the concepts on this list can give insight, clarity, and confidence to the investment process.In this episode, Xavier Angel, CFP®, ChFC, CLTC, takes the show on the road (perhaps “golf course” is more fitting?) as Erik Garcia, CFP®, BFA, jokingly casts accusations of day-drinking. The two then get down to the nitty gritty, talking about everything from risk and matc...2022-10-1135 minStuff About Money They Didn't Teach You In SchoolDoes Life Insurance Destroy Wealth or Build It?Life insurance. It’s boring, we get it. But it’s one of the tools you can use to secure your financial well-being, so it’s worth having a conversation about what it is, what it does, and when you might need it.In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC, discuss that very topic, covering even the difference between different types of life insurance, and sharing stories from their line of work to better illustrate what life insurance really does.2022-09-2740 minStuff About Money They Didn't Teach You In SchoolIs a Financial Advisor Worth It?Should you hire a financial advisor? Are they worth the money? What are the reasons to hire an advisor, and are they worth it? In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC discuss 3 reasons why you'd want to hire a financial advisor.Episode Highlights:
Erik explains that he wishes he had known not to try to accumulate in five years what his parents took 30 years to accumulate. (4:32)
Xavier shares that one reason people hire a financial advisor is that they don...2022-09-1342 minStuff About Money They Didn't Teach You In SchoolThe Intersection of Insurance, Entrepreneurship, and Trust with Bradley FlowersTrust is important, whether you're finding an insurance agent you're comfortable with, managing finances as a married couple, or building it as a business owner.In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, are joined by the entrepreneur (and #41st in the world in Oculus golf) Bradley Flowers of The Insurance Guys Podcast and Portal Insurance to talk about running multiple ventures and why insurance agents in Nebraska shouldn't write for policies on the Gulf Coast.Episode Highlights:...2022-08-3049 minStuff About Money They Didn't Teach You In SchoolWhen Should I Teach My Kids About Money? With Dr. Roy SalgadoMost Americans believe parents should teach their kids about money, but the reality is parents rarely engage their kids in healthy conversations about money. In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA, is joined by family therapist Dr. Roy Salgado to discuss how parents can engage with their kids in healthy conversations about money.Episode Highlights:
Dr. Roy Salgado explains what a one-year-old child could possibly know about money inside a family household. (2:43)
Dr. Roy Salgado discusses how "interest" is one thing he wishes he had better understood 20 y...2022-08-1642 minStuff About Money They Didn't Teach You In SchoolMoney & Happiness with Business Professor Rob LalkaListen in on this candid conversation about money and happiness, student loan debt, life priorities, and what defines successful entrepreneurs.Tulane business professor Rob Lalka joins Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, in this episode of Stuff About Money They Didn't Teach You in School. Rob is actually teaching this stuff in school!Rob Lalka also serves as Executive Director of the Albert Lepage Center for Entrepreneurship and Innovation.Episode Highlights:
Rob explains what he now knows about money th...2022-08-0253 minStuff About Money They Didn't Teach You In SchoolFAQ: Investing in Down MarketsIt's scary to invest right now! In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC answer listener questions on investing in down markets. Is it a good time to invest? Should I pay off debt with my investments instead? What happens if we have a recession?Episode Highlights:
Erik and Xavier encourage everyone to submit podcast questions or feedback on their website. (2:00)
Xavier shares that the primary question he gets asked right now is whether or not people should pull back from investing gi...2022-07-1929 minStuff About Money They Didn't Teach You In SchoolHow Much Should I Save?How much should you save? It seems like a simple enough question. In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, break down what you need to consider before answering that question. They explore values, goals, and the various types of savings. If you are working towards financial independence, lean into this episode.Episode Highlights:
Erik explains that there is no easy answer to the question: "How much should I save?" (4:40)
Erik mentions that backwards planning, starting where you want to be and wo...2022-07-0534 minStuff About Money They Didn't Teach You In SchoolFinancial Procrastination: Xavier’s Talk With HimselfHave you ever talked to yourself when you're stuck in traffic? Well, in this episode of the Stuff About Money podcast, Xavier Angel, CFP® shares his conversation with himself about financial procrastination while at a dead stop on the interstate. Then, Erik Garcia, CFP® shares 3 ways we procrastinate with our finances, and both Erik and Xavier share steps to overcoming financial procrastination.Episode Highlights:
Xavier recalls a time that he was stuck in traffic and started thinking about procrastination and how it affects everything we do. (3:00)
Xavier shares an experience that he had wi...2022-06-2131 minStuff About Money They Didn't Teach You In SchoolComing to America: I Felt the Wind I Was Breathing Was Not MineTwo men, generations apart, overcome incredible odds on their way to achieve financial success. Thick skinned, dogged determination, and an unrelenting drive is sometimes what it takes to have financial success in America. Erik Garcia, CFP®, and Jason Cass sit down with Felix Garcia and Ebens Jean as they share their journey to an unfamiliar land, seeking opportunities their motherland's could not provide.Episode Highlights:
Erik shares what inspired him to interview Felix Garcia and Ebens Jean, both of whom immigrated to America, not speaking the language, and ended up in the insurance i...2022-06-071h 03Stuff About Money They Didn't Teach You In SchoolFinancial Margin: Fight For ItIn this episode of the Stuff About Money podcast, Erik Garcia, CFP® sits down with fellow podcaster Mitch Gibson to discuss how to build financial margin in your life. Margin doesn't just happen, you need to fight for it.Episode Highlights:
Erik introduces Mitch Gibson and shares how they met. (2:29)
Mitch discusses the importance of having buffers around his time management. (5:10)
Erik points out that margin, whether in time or in money, is not something that just happens. We have to fight for it. (9:22)
Erik discusses the significance of creating debt access, spending l...2022-05-2442 minStuff About Money They Didn't Teach You In SchoolPlan Wisely: 4 Reasons I Disagree with Dave RamseyDave Ramsey is one of the biggest names when it comes to personal finance, and a lot of his advice is very good.But, in this throwback episode of "Plan Wisely with Erik Garcia", Erik takes issue with 4 of Ramsey's investment philosophies:Looking for a 12% annual return on your investmentsPlanning for an 8% withdrawal rate in retirementPromoting Only Mutual FundsAsset AllocationErik breaks down each of these ideas, and where he disagrees with Dave’s theories on...2022-05-1029 minStuff About Money They Didn't Teach You In SchoolHow Much Stock Market Risk Is Just Right? With Dr. John GrableAll investing involves some level of risk. The role of the financial planner is to create a risk profile for investors so that investment recommendations match the investor's financial and emotional aptitude. In this episode of the Stuff About Money podcast, Erik Garcia, CFP® and Xavier Angel, CFP®, ChFC, CLTC, discuss with Dr. John Grable, Ph.D., CFP®, of the Financial Planning Performance Lab at the University of Georgia , what risk is and how to manage it.Episode Highlights:
Dr. John Grable shares his background story and talks about his work at the Fin...2022-05-0344 minStuff About Money They Didn't Teach You In SchoolWhat Factors Determine My Mortgage Interest Rate? with Jason GauthierThere are many factors that determine your interest rate when getting a mortgage. In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, and Xavier Angel, CFP®, ChFC, CLTC, discuss all things mortgages and credit scores with mortgage lender Jason Gauthier.Episode Highlights:
Jason talks about his background, education, and how he got to where he is today. (2:40)
Jason shares something that he wishes he has known at the beginning of his career. (5:53)
Jason explains the three questions that lead to three different adjustments to an interest rate. (10:49)
Jason shares some of...2022-04-2651 minStuff About Money They Didn't Teach You In SchoolHow To Build & Keep Wealth w/ Dr. Billy WilliamsIt is the habits that we establish personally and professionally that will ultimately decide the success or failure we experience with our money. In this episode of the Stuff About Money podcast, Dr. Billy Williams shares with Erik Garcia, CFP® and Xavier Angel, CFP®, ChFC, CLTC, his secrets to his financial success.Episode Highlights:
Dr. Billy Williams shares his story and discusses what he learned from his father. (4:22)
Dr. Billy Williams mentions that the military paid for every bit of education he ever had. (5:40)
Dr. Billy Williams discusses the...2022-04-1245 minStuff About Money They Didn't Teach You In SchoolWhich IRA Is Right for Me…Roth or Traditional?Which type of IRA is better for me, a traditional IRA or a Roth IRA? What are the advantages of each? In this episode of the Stuff About Money podcast, Erik Garcia, CFP® and Xavier Angel, CFP®, ChFC, CLTC, discuss 6 frequently asked questions about IRAs.Episode Highlights:
Erik discusses the variations and differences between a Traditional and a Roth IRA. (4:01)
Erik explains when and which IRA to invest in and the difference in benefits. (5:55)
Erik shares that as long as you have earned income and have worked to earn money, you are eligible to...2022-03-2928 minStuff About Money They Didn't Teach You In SchoolPlan Wisely: Coping With Financial Stress During Times of AnxietyIn this throwback episode from "Plan Wisely with Erik Garcia", Erik Garcia, CFP®, and guest Dr. Matt Morris, family therapist, discuss how to stay sane during financially trying times.Resources:Link to Video Matt referencedLink to subscribe to Erik’s YouTube pageDr. Matt Morris Website and appointmentsErik Garcia on the WebErik’s e-book: The 5 Pillars of Financial Security2022-03-2234 minStuff About Money They Didn't Teach You In SchoolWho Are You Taking Your Financial Cues From?Many of our financial decisions are rooted in what others are doing; however, oftentimes their goals are far different than ours. They are essentially playing a different game with different rules. In this episode of the Stuff About Money podcast, Erik Garcia, CFP® and Xavier Angel, CFP®, ChFC, CLTC, discuss the dangers of taking financial cues from playing different games than we are in both investing and spending.Episode Highlights:
Erik discusses how the current geo-political scenario affects certain investors and investments. (5:12)
Erik mentions that if history is any guide or indicator of wh...2022-03-1517 minStuff About Money They Didn't Teach You In SchoolImportance of Collaboration between your CPA and Financial AdvisorAs the tax landscape ever changes, it becomes more important for your CPA and Financial Planner to collaborate.In this episode of the Stuff About Money podcast, Erik Garcia, CFP® and Xavier Angel, CFP® are joined by fellow financial advisor Richard Oring and CPA Douglas Ziegler, to discuss why you want two of your most important advisors to be in communication. Are you minimizing capital gain taxes? How many opportunities are you missing on your tax return? You also may be surprised what these two seasoned financial professionals say the...2022-03-0149 minStuff About Money They Didn't Teach You In SchoolComing to AmericaIn this episode of the Stuff About Money podcast, Erik Garcia, CFP® and Xavier Angel, CFP®, ChFC, CLTC, interviews Felix Garcia, our co-host’s fearless father, drops serious wisdom in this intimate conversation. Erik and Xavier go deep with Felix...Family, finances, the immigrant's struggle...this episode has it all.Episode Highlights:
Felix shares with us the story of how he left Cuba and came to the United States. (3:28)
Felix shares the struggles he faced during his first year in the United States. (6:30)
Felix explains how he got into the insurance business. (10:15)
Felix shar...2022-02-1532 minStuff About Money They Didn't Teach You In SchoolCompound Interest: Your Secret Weapon to Building WealthBuilding wealth is easier when you have time on your side. Time allows you to leverage compound interest. Listen in as Xavier Angel, CFP® and Erik Garcia, CFP® introduce you to your secret weapon to wealth building.Episode Highlights:
Erik talks about the current state of the stock market and mentions that it is common for a market to lose 10% of its value per year. (3:46)
Erik differentiates between two types of interest: simple interest and compound interest. (7:46)
Erik and Xavier discuss the rule of 72 and how it helps you...2022-02-0127 minStuff About Money They Didn't Teach You In SchoolI Got No Car Note! With Nolin FriasIn this episode of the Stuff About Money podcast, Erik Garcia, CFP® and Xavier Angel, CFP®, sit down with Nolin Frias CFP®, CPWA®, CIMA®, CSRIC to chat about how to never have a car note again, or at least the option of no car noteEpisode Highlights:
Nolin shares a little bit about himself. (3:51)
Nolin explains that not all debt is bad debt. (9:27)
Nolin shares how he manages his expenses with his pay structure and what he hopes it will look like in the future. (13:22)
Nolin talks about his grandmother’s perspective on debt whe...2022-01-1846 minStuff About Money They Didn't Teach You In School2 Ways To Increase Your Net Worth in 2022In this episode of the Stuff About Money podcast, Erik Garcia, CFP® and Xavier Angel, CFP®, ChFC, CLTC, discuss 2 ways to increase your net worth in 2022. Your net worth is an important measure of how you are doing financially over time. They break down the different asset and liability types that are important for you to track. School is in session.Episode Highlights:
Xavier explains what net worth is and why it matters. (4:44)
Erik defines an asset as something that has monetary value. (6:17)
Erik explains the concept of illiquid assets. (7:03)
Xavier mentions that th...2022-01-0436 minStuff About Money They Didn't Teach You In SchoolInflation, Bananas, and Free Toasters with Phil BlancatoIn this episode of the Stuff About Money podcast, Erik Garcia, CFP® sits down with Phil Blancato, CEO of Ladenburg Asset Management. Phil shares with us his simple formula for investment success. Then Phil and Erik break down what inflation is and how the federal reserve has to walk a fine line to keep it in check. Is inflation here to stay? What should investors be doing with their investments during inflationary times? Will the banks ever give us free toasters again for opening an account? Class is in session!Episode Highlights:
Phil s...2021-12-2139 minStuff About Money They Didn't Teach You In SchoolMoney - A Thermometer of Wellness for the CoupleIn the premiere episode of the Stuff About Money They Didn’t Teach You In School podcast, co-hosts Erik Garcia CFP® and Xavier Angel ChFC, CLTC, are joined by Dr. Matt Morris LPC, LMFT, who explains that how money is used and managed is often a thermometer of health or wellness in the couple. Episode Highlights:
Erik and Xavier open the episode by offering a quick run-through of their history. (1:17)
Dr. Matt Morris introduces himself, shares his career background and explains what he does as a Couples Counselor. (3:10)
Dr. Matt Morris tells Erik what...2021-12-0740 min
The Financial Planner's DeskHow advisors collaborateIn this episode, Rich Introduces Erik Garcia CFP®, BFA™ as the new co-host of The Financial Planner’s Desk Podcast.Erik shares a few of his experiences while attending Tulane University that leads him to pursue the financial advising profession. Erik and Rich share some of their professional background in other areas of the financial services industry.You’ll hear how Erik ended up as an IAR at New Century Financial Group. Erik and Rich share how they are collaborating to build their practices and connect their back-office procedures.Email t...2021-02-2832 min
Plan Wisely with Erik GarciaPlan Wisely with Erik Garcia - Trailer
Meet Erik Garcia, New Orleans financial adviser. In our trailer, Erik explains how he believes financial decisions and behaviors influence our entire lives. He's joined by Jon "JAG" Gay, former afternoon host and program director of New Orleans radio station Voodoo 104.Resources:More about Erik and how to contact himErik's e-book, The 5 Pillars of Financial SecurityCall Erik at 504-218-5479Email Erik: info@plan-wisely.com
2019-09-1902 min