Shows
Theology of MusicThe Value of Lament in Corporate Worship with Jon ThurlowI’m really excited for you to listen to this month’s episode of the podcast. I’ve been trying to get Jon on since June, and we were finally able to coordinate our schedules this month. As we were talking, I kept thinking that it was so worth the wait! If you’re a worship leader, let me encourage you to follow @jonmthurlow on Instagram. Jon is a worship pastor whose posts always remind worship leaders to get back to the heart of worship by allowing our leadership to flow out of time in the Word and allowing the Holy...
2025-11-2529 min
Nurturing Financial FreedomShould You Just Buy Stocks Until You Die?In this episode of Nurturing Financial Freedom, we explore the bold claim that retirees should hold nothing but stocks forever. Sparked by a recent Wall Street Journal article by Jason Zweig, the conversation centers around whether an all-equity portfolio is a sound retirement strategy, or just good theory that breaks down in the real world. We tackle the academic study Zweig references, which analyzed over a century of data across 39 countries, concluding that bonds have historically underperformed and added minimal diversification. At first glance, that makes a compelling case for stocks-only portfolios, even in retirement.But as we...
2025-11-2119 min
The Orthopreneurs Podcast with Dr. Glenn KriegerResilience in Practice: Orthodontics to Cattle & Starting During COVID-19 w/ Jon LambertIn this episode of the Orthopreneur Podcast, Dr. Jon Lambert shares his journey as an orthodontist who opened his practice during the COVID-19 pandemic. He discusses the challenges he faced, including financial struggles and the need to adapt quickly. Jon also talks about expanding his practice to multiple locations and his unique venture into cattle farming, highlighting the importance of side hustles for personal fulfillment and growth. His story is one of resilience, gratitude, and the pursuit of passion beyond traditional career paths.QUOTES“No one’s coming to save you. So you gott...
2025-10-2831 minNurturing Financial FreedomWhy Diversification Isn’t What You Think It IsIn this month’s episode of Nurturing Financial Freedom, we dig into a topic that’s becoming more critical in today’s investment landscape—concentration risk. We’ve talked about the "Magnificent Seven" tech stocks—Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, and Tesla—before, but now we're zooming in on the downside of their dominance. While these mega-cap companies have driven much of the market's recent growth, their outsized influence poses a risk that many investors overlook.We start by revisiting the concept of diversification, which we believe is often misunderstood. As Alex explains, owning cash at different bank...
2025-10-1722 minNurturing Financial FreedomYour Fall Financial Fire DrillAs we head into fall, we take the opportunity to run a financial "fire drill"—not because we expect a crisis, but because we know volatility is inevitable. This episode is all about preparation: emotionally and strategically. Ed Lambert, Alex Cabot, and Jag kick things off with some seasonal banter, but quickly dive into why fall is a natural time to reassess our portfolios and our mindset around investing.Ed begins by reminding us that even in strong years, the market doesn’t move in a straight line. The S&P 500 typically sees multiple 5% dips annually and abou...
2025-09-1923 minTheology of MusicWhen We Sing with Jon AzzarelloAs I was finishing up my doctoral studies in worship a couple of years ago, I came across a book called “The Greatest Worship Leader,” by author and worship pastor at Mercy Hill Church in North Carolina, Jon Azzarello. I loved the book so much that I began to follow Jon on Instagram. His carousels with tidbits of encouragement for worship leaders were both encouraging and challenging. When he reached out to me, I knew I had to have him on the podcast…and the timing of him being on this month’s episode, I believe, was divinely ordained. This epis...
2025-08-1540 minNurturing Financial FreedomWhat The Big Beautiful Bill Means For Investors and RetireesIn this episode of Nurturing Financial Freedom, we dive into the implications of the newly passed federal tax bill—also known asl the “big, beautiful bill.” While the name might suggest sweeping changes, the truth is more about maintaining the status quo and preventing an expiration of key provisions from the 2017 Tax Cuts and Jobs Act. We break down what that means for retirees, investors, and anyone planning their financial future.We start with the basics. Alex explains that the bill keeps existing tax brackets intact through 2025. The seven current brackets—ranging from 10% to 37%—remain unchanged and will conti...
2025-07-2517 min
80s TV LadiesJon Cryer, Part 2 | 80s television, Two and a Half Men and Lex LuthorWelcome to our final Season Three episode of 80s TV Ladies! Hosts Sharon Jonson and Susan Lambert Hatem continue their in-depth conversation with actor Jon Cryer. In this second part, Jon shares behind-the-scenes stories from his television and film career, including his start in 80s television with "The Famous Teddy Z," the ups and downs of sitcom life, and his experiences working with legends like Charlie Sheen, Christopher Reeve, and Gene Hackman.In this episode:Jon’s journey from 80s movies to TV stardomThe making (and unmaking) of "The Famous Teddy Z"Working wi...
2025-07-161h 04
80s TV LadiesJon Cryer, Part 1 | The Facts of Life, Pretty in Pink and Annie PottsSusan and Sharon are thrilled to welcome director, writer and actor Jon Cryer to 80s TV Ladies!Jon Cryer is an Emmy-winning film and television icon, known for starring as “Duckie” in the 1986 John Hughes teen classic Pretty in Pink -- and then going on to star in all twelve seasons of Chuck Lorre’s long-running, award-winning sitcom, Two and A Half Men.Along the way, Jon has starred or appeared in dozens of television shows including The Famous Teddy Z, Partners, Dharma & Greg, Family Guy, The Practice, CSI, NCIS, Will & Grace and The Kominsky Method, and such f...
2025-07-021h 05Nurturing Financial FreedomChutes, Ladders, and a Recap of the First Half of 2025In this mid-year episode of Nurturing Financial Freedom, we reflect on what 2025 has taught us about markets, economic conditions, and investor behavior. We're at the halfway mark of the year, and despite some rough patches, the financial landscape has shown surprising resilience. Alex kicks things off by detailing how the year began with a normal market correction followed by a sharp crash triggered by unexpected tariff announcements. Despite this, the S&P 500 has managed a modest gain of around 2.3% as of mid-June, largely powered by a few large tech and AI companies.Economic growth in the U...
2025-06-2321 minNurturing Financial FreedomHow To Outsmart Your Instincts On Loss AversionIn this episode of Nurturing Financial Freedom, we shift focus from the hard numbers and take a deep dive into the psychological side of investing. Specifically, we explore loss aversion—the human tendency to feel the pain of financial loss more intensely than the pleasure of gains. As we’ve all seen in our work and our own portfolios, emotional reactions to market swings can often lead to irrational decisions. That’s where understanding behavioral finance becomes a powerful tool in making smarter financial choices.We start with Ed breaking down the origins of loss aversion, rooted in the...
2025-05-2729 minNurturing Financial FreedomWhat a Wild Month!In this episode, we walk through a tumultuous April marked by heightened market volatility, significant tariff announcements, and growing concerns about inflation and recession risk. Alex kicks off by breaking down what happened in the markets. The month began with what initially looked like a standard correction, but quickly escalated into what he describes as a crash. On April 2nd, the administration announced far more aggressive tariffs than anticipated, especially targeting Chinese imports. The shock triggered a sharp market drop—more than a thousand points lost over two days. The volatility stemmed largely from the ambiguity those tar...
2025-05-0124 minNurturing Financial FreedomPerspective Among VolatilityIn this episode of Nurturing Financial Freedom, we dive headfirst into the recent stock market volatility and explore what’s driving it—and more importantly, how investors should respond. We tackle the question on everyone's mind: "What the heck is going on with the market?"Ed kicks things off with a breakdown of recent market activity, noting that since the February 19 peak, the market has dropped roughly 9.5% as of April 1. He explains that this pullback is largely driven by elevated stock valuations and policy uncertainty. The S&P 500’s forward P/E ratio is sitting well above its 30...
2025-04-0221 min
Flex Uncensored - A Coworking Podcast144. How Jon Lambert Transformed a Bank into The Cannon, a Thriving Coworking SpaceWhat happens when a banker walks away from finance and into the world of coworking? Jon Lambert did just that—turning an old bank (yes, with an actual vault!) into a thriving coworking community. His story is packed with insights on transitioning from corporate life to entrepreneurship, building a space with character, and creating a model that works. In this episode, we cover: How Jon made the leap from banking to coworking (and why he never looked back). The unique challenges—and opportunities—of transforming a bank into a flex space. The st...
2025-04-0149 min
Essential Ingredients Podcast034: From Garage to Global: Spilling the Beans on Startup Success with Jon Lambert From Garage to Global: Spilling the Beans on Startup Success with Jon Lambert Founder Resource Series Episode Description: "You can run the best business in the world, but if you as an individual, fail, the entire thing falls to pieces." —Jon Lambert In the world of startups, your network can be as valuable, if not more, than your net worth. A strong community can provide the resources, mentorship, and support needed to navigate the turbulent waters of entrepreneurship. By fostering meaningful connections and collaborations, founders can unlock opportunities that mone...
2025-03-0635 minNurturing Financial FreedomUS Government Debt and Deficits ExplainedAfter sending congratulations to the Super Bowl champion Eagles, today we dive into a dense and important topic: the U.S. federal debt. There's a lot of fear and misinformation around this issue, so we break down what the numbers really mean and how they compare to history.Alex kicks things off by clarifying key terms. A deficit occurs when the government spends more than it brings in during a given year. The debt is the accumulation of all past deficits, minus any surpluses. The U.S. has run a deficit in 46 of the last 50 years, meaning...
2025-02-2723 minNurturing Financial Freedom2024 Wrap Up and 2025 PredictionsIn this episode of Nurturing Financial Freedom, we kick off 2025 by discussing the economic highlights of 2024 and what lies ahead for the U.S. economy and markets. Ed provides an economic overview, while Alex dives into financial market performance and predictions.2024 saw significant progress in inflation reduction, with CPI falling from its 2022 peak of 9.1% to 2.8% by late 2024. While the Fed’s soft landing approach avoided recession and brought inflation closer to its 2% target, uncertainties like potential tariffs remain. GDP growth for 2024 ended on a strong note at 2.7%, and economists project continued growth in 2025, with estimates ranging from 2.1% to...
2025-01-2927 min
The Dashboard EffectFrom Theory to Practice: Making AI Work in the Real WorldIn this episode of The Dashboard Effect, host Jon sits down with Lisa Weaver Lambert, author of The AI Value Playbook. Lisa shares her deep expertise in AI, offering practical advice for non-technical leaders on how to leverage AI effectively. From addressing common pitfalls to discussing actionable strategies, Lisa’s insights are a must-hear for anyone looking to implement AI in their organization.Lisa’s book, The AI Value Playbook, is a practical guide for non-technical leaders looking to harness the power of AI. You can purchase it here: https://www.amazon.co.uk/dp/1835461751?ref=c...
2025-01-1640 minNurturing Financial FreedomTariffs Explained: The Good And The BadIn this episode of Nurturing Financial Freedom, we delve into the timely topic of tariffs, their economic implications, and their resurgence in U.S. policy under President Trump’s leadership. Alex Cabot and Ed Lambert of Birch Run Financial provide a clear breakdown of what tariffs are, who pays them, and their pros and cons.We begin by defining tariffs as taxes imposed on imported or exported goods. Alex clarifies a common misconception: while tariffs aim to promote domestic industries by making imported goods more expensive, it is the U.S. importer—not foreign governments or exporters—who pa...
2024-12-2318 minNurturing Financial FreedomHow Could the Election Results Affect The Market?In this episode of Nurturing Financial Freedom, we discuss how the markets responded to the certainty brought by the recent Presidential election and what history suggests about post-election market performance. While maintaining a nonpartisan lens, we explore the relationship between political outcomes and financial markets.Ed starts by analyzing market movements in the week following the election. He highlights that the clear election outcome brought a sense of relief and stability to the markets, avoiding the prolonged uncertainty seen in prior cycles. This certainty spurred optimism, particularly around potential corporate tax extensions and reduced regulation, both of...
2024-11-2121 minNurturing Financial FreedomThe 2024 Election and The EconomyToday, Alex Cabot and Ed Lambert from Birch Run Financial dive into the intersection of politics and financial markets, focusing on the upcoming election. We discuss widespread market myths and offer a data-driven approach to navigating political cycles as an investor.Alex begins by addressing common misconceptions about election years and market volatility. Despite popular belief, election years do not inherently cause heightened volatility. Examining the past nine presidential elections, Alex highlights that only three were more volatile than average—2000, 2008, and 2020—events driven not by elections, but by major economic crises such as the tech bubble burst, the...
2024-10-2120 minNurturing Financial FreedomFed Cuts Rates - Where Are We Headed?In this episode, we discuss the recent Federal Reserve rate cut and its implications for the market and economy. The Fed reduced its overnight lending rate by half a percentage point, bringing it down from 5.25% to 4.75%. This was the first rate cut since March 2020, signaling a potential shift in monetary policy. The Fed's dual mandate—maintaining price stability and maximizing employment—guides its decisions. With inflation largely under control, the Fed is now able to focus on adjusting rates to support employment without risking economic stability.Ed explains that the current rate reduction is a strategic move, allo...
2024-09-2625 minNurturing Financial FreedomThe Winds of Change?In this episode of "Nurturing Financial Freedom," we discuss the surprising market volatility that occurred in early August 2024 and explore what investors should take away from these events. But first, we actually met in person last month - for the first time after working together for over five years!The market's volatility in August was triggered primarily by two factors: weaker-than-expected economic reports and high market valuations. The Institute for Supply Management’s report on business indicated declining confidence in the manufacturing sector, which, alongside a disappointing non-farm payroll report, caused investors to worry that the economy mi...
2024-08-2016 minNurturing Financial Freedom2024 Mid-Year Market ReviewThis month, Alex Cabot and Ed Lambert of Birch Run Financial discuss the financial landscape of the first half of 2024. They delve into how economic conditions and market performance have evolved, noting that the year hasn't gone as initially expected, yet has yielded positive results overall.Ed begins by providing an overview of the year's economic and market developments. At the start of 2024, there was significant optimism due to a strong stock market rally in late 2023, driven by improving inflation data. This optimism led many to anticipate multiple interest rate cuts by the Federal Reserve. However, inflation...
2024-07-1823 minNurturing Financial FreedomThe Risks of Overconcentration: Protecting Your WealthIn this episode of "Nurturing Financial Freedom," we discuss the crucial topic of the dangers of putting too much money into a single investment, often referred to as concentration risk.Alex starts by explaining that concentration risk, while not unique to any one type of investment, is particularly prevalent in stocks. He dispels the common "eggs in one basket" analogy by emphasizing that diversification means more than just spreading investments across similar types. True diversification involves spreading investments across different asset classes to reduce risk.Alex outlines two main problems with overconcentration. First, the actual...
2024-06-2128 min
Super Data Science: ML & AI Podcast with Jon Krohn791: Reinforcement Learning from Human Feedback (RLHF), with Dr. Nathan LambertReinforcement learning through human feedback (RLHF) has come a long way. In this episode, research scientist Nathan Lambert talks to Jon Krohn about the technique’s origins of the technique. He also walks through other ways to fine-tune LLMs, and how he believes generative AI might democratize education.This episode is brought to you by AWS Inferentia (go.aws/3zWS0au) and AWS Trainium (go.aws/3ycV6K0), and Crawlbase (crawlbase.com), the ultimate data crawling platform. Interested in sponsoring a SuperDataScience Podcast episode? Visit passionfroot.me/superdatascience for sponsorship information.
2024-06-1157 minNurturing Financial FreedomThe Case for Long-Term OptimismIn this episode of the Nurturing Financial Freedom podcast, we explore a topic that often gets lost amidst daily media noise: the long-term optimism about the future of the United States. We delve into why, despite current challenges, there's a compelling case for optimism.Ed Lambert kicks off the discussion by highlighting the quality of life in the U.S. in 2024. Americans enjoy a standard of living unparalleled in human history. While acknowledging the country's challenges, Ed emphasizes the transformative impact of technology and innovation. Today's ubiquitous cell phones, powerful computers, and AI advancements exemplify this progress. T...
2024-05-2828 min
Houston Innovators PodcastEpisode 235 - Establishing innovation communities across Houston - Jon Lambert of The CannonJon Lambert is the CEO of The Cannon, which just announced its ninth location in the greater Houston area. Jon shares a bit about the history of The Cannon as well as the future growth opportunities — both in and outside of the Bayou City.
2024-05-0835 minNurturing Financial FreedomWhy Slowing Inflation Reduction Is Not All BadToday, we pivot from previous discussions on bull markets to delve into the topic of inflation, especially given the recent slowing of progress according to CPI data. Ed kicks off the discussion by highlighting that although we desire a linear decrease in inflation to the FED's 2% target, achieving this without economic recession is challenging. He points out the current robust state of the U.S. economy, with low unemployment at 3.8% and a significant GDP growth of 3.4% in the last quarter of 2023. Despite this, the struggle for median wage earners against inflation is real, accentuated by higher credit card interest...
2024-04-2625 minNurturing Financial FreedomBull Market MindsetToday, we're discussing the current state of the market, which has seen impressive returns since last Halloween. The focus today is on the importance of maintaining discipline not just in downturns but also during strong market periods. Alex kicks off by highlighting the significant growth in the capital markets in 2023, following a challenging year. The S&P 500's substantial gains, especially in the last few months of 2023 and into this year, underscore the market's strong performance. This surge is attributed to decreasing inflation expectations and a boom in tech and AI sectors, lifting the broader market.Alex...
2024-03-2625 minNurturing Financial FreedomStaying Invested THROUGH Your RetirementFor most of us, we manage our investments with the goal of having a nice big nest egg when it's time to retire. But we need to continue to stay invested throughout our retirement. Often, investors are more afraid of running out of money than they are actually dying! Today Alex Cabot and Ed Lambert of Birch Run Financial discuss how to lower that risk.Ed points out that psychologically, investors experience more anxiety around market changes right before and after retirement. After all, the move from drawing income from a salary to drawing from investments is one of t...
2024-02-2227 minNurturing Financial FreedomHow to Approach Your Finances in 2024Each year, we often take a holistic look at our finances. Today, Alex Cabot and Ed Lambert of Birch Run financial break down what you should be looking at specifically, as we begin 2024.Alex gives us six ponts to consider:If you have an advisor, review your plan and prepare for the upcoming year.Make sure your asset allocation is balanced for your goals., timeframe, and risk tolerance.Ensure your cash is working for you - there is yield to be found!Pay down your high interest rate debt, especially unsecured debt.Consider adding to your pr...
2024-01-2224 minNurturing Financial FreedomHave Interest Rates Really Peaked?This month, Alex, Ed, and Jag delve into the financial landscape as 2023 draws to a close. The episode, recorded on December 14, reflects on the unexpected market rally in November and the overall performance of various asset classes throughout the year.In mid-November, we discussed the possibility of peak interest rates and high portfolio returns in short periods, based on Alex and Ed's experiences over the last 15 years. Surprisingly, our predictions seemed to materialize, as November witnessed a significant market rally. However, Ed clarifies that this was more due to luck than precise prediction. He emphasizes the importance...
2023-12-1919 min
Conversations That MatterTrans-Normalization in Evangelical Circles BeginsJon discusses the recent disclosure of Aiden ("Audrey") Hale's manifesto, Max Lucado speaking with Preston Sprinkle, Derek Webb's Dove Awards cross-dressing, Zach Lambert crediting DTS professor Sandra L. Glahn with helping him transcend gender distinctions when it comes to holiness, 'Bubba' Copeland's suicide, and if there's time, the blowback against Mike Johnson for limiting pornography exposure, among other things.To Support the Podcast: https://www.worldviewconversation.com/support/Become a Patronhttps://www.patreon.com/worldviewconversationFollow Jon on Twitter: h...
2023-11-061h 16Nurturing Financial FreedomJuly 2023 Mid-Year UpdateIn this episode of "Nurturing Financial Freedom," Alex Cabot and Ed Lambert of Birch Run Financial discuss the first half of 2023 and its impact on the economy and markets. Ed highlights the resilience of the economy despite interest rate hikes and the unexpected outperformance of growth stocks, particularly in the technology sector. What does this mean moving forward? Alex emphasizes the importance of diversification and caution against relying on predictions and forecasts. We stress the need for a well-designed plan and asset allocation that can weather any market conditions.All data in today's episode are co...
2023-07-2821 min
Giggles & The GrindEp 5. What's a Fractional CFO? | With Jon BlairJonathon Blair is the Founder of Free to Grow CFO, providing outsourced & part-time CFO services for growing DTC brands. As Straight Up Growth's fractional CFO, Evan and Jon go over how they met and the difference between needing full time vs part time financial services. As a father, Jon also shares his experience starting and growing a business while growing his family. Connect with Jon & Free to Grow CFO below!Connect with Jon on Linkedin Free to Grow CFO WebsiteConnect with our co-hosts here: Evan's Linkedin: https://www...
2023-07-2649 min
La prescription avec Dr Fred LambertÉpisode 77: Jon LajoieJon Lajoie est un humoriste et comédien québécois. Né d'un père francophone et d'une mère anglophone, sa popularité au Canada et aux États-Unis est due à plusieurs de ses vidéos sur Internet, telles que les chansons, Show Me Your Genitals, 2 Girls 1 Cup Song ainsi que Everyday Normal Guy qui ont été visionnées des millions de fois. Jon Lajoie a étudié en théâtre au Collège Dawson à Montréal. Il a tenu un rôle (en français) dans le téléroman québécois L'auberge du chien noir. En 2006, sous le nom de Jon Lajoie, il a publié un albu...
2023-07-241h 15
Dad Ain't No Joke PodcastJon Fugler
He’s a life-long Dodgers fan, an author and a father of three, including twins. He’s worked in ministry most of his life. On the next episode of Dad Ain’t No Joke, Jon Fugler shares about getting away from the “performance mentality” as a dad, “making the ordinary special”, balancing ministry and family life and a list of regrets that someday, might just make another book. Open, honest and helpful…that’s our conversation this week!
Jon Fugler
Silence Your Inner Pharisee Book
Trans World Radio
2023-07-0536 min
MediaTombEvisceradio - E08: Jon Lambert (Noise Dosage Media)The music is awesome. There is no surprise there. I personally find it to be one of the most creative, diverse, and technically amazing spectrum of sounds that exist on this planet. Through all my endless searching, one sometimes crosses paths with those who show appreciation for the genre in their own unique way. Enter: Jon Lambert, of Noise Dosage Media.
This guy actually put together a top-shelf documentary on the subject! 3hrs of straight up quality content. I wont give anything away, you'll have to check out the link below and get what's good!
It's extremely refreshing to...
2023-07-021h 27Nurturing Financial FreedomAll About BondsMoney markets, CD's and bonds are paying reasonable interest for the first time in years. Today, Alex Cabot and Ed Lambert of Birch Run Financial take us on a "crach course" on fixed income and how it works.Alex starts by explaining bonds - essentially a loan, or contract between a lender and borrower. He also explains the three main bond categories - government, corporate, and agency. Additionally, we talk about maturity lengths and tax-equivalent yields. Alex runs through an equation that might be easier to read than hear:For interest rates, to find...
2023-06-2325 minNurturing Financial FreedomIs the FED Finished Raising Rates? Sell in May and Go Away?We have a two-part episode for you today, as we begin our fifth year of the Nurturing Financial Freedom Podcast.First, the FED raised interest rates by 0.25% on May 3rd. Are they finally done raising rates? Ed Lambert of Birch Run Financial wades into that question. Are more hikes coming, and if so, will they be small or large? We look at the current state of the economy and where we believe things are going. Next, Alex Cabot is here to debunk three market "hacks" that investors sometimes get pulled into. They are:"Sell in May...
2023-05-2631 minNurturing Financial FreedomA Wild Three YearsAs hard as this is to believe, the COVID-19 pandemic started three years ago. Today, Ed Lambert and Alex Cabot look back at the economy and capital markets over that period. Interestingly, both are close to where they'd have likely been without a global pandemic. First, Ed looks at the economic data, from Factset, comparing GDP, inflation, unemployment, and the ten-year treasury bond rate. And despite the stock market having its worst 23 day period ever in 2020, and $5 trillion in stimulus being pumped into the US economy, the unemployment and GDP are close to where they were...
2023-03-1724 min
The Heavy Hole PodcastIn The Hole w/ Jon Lambert of Noise Dosage MediaThis week Jon Lambert of Noise Dosage Media sits down to discuss his new documentary, Between Exultation and Aggression, and about underground death metal! Then Big Will and Terrell go to Indonesia for some classic brutal recommendations.
Between Exultation and Aggression - https://www.youtube.com/watch?v=NH-4gt-sgrU&t
heavyholepodcast.com
voicemail - 631-837-3274
2023-01-271h 28Nurturing Financial Freedom2023: A New Year, a New StartWhat can we expect from the financial markets in 2023? Obviously 2022 was not a great year for investors. Today, Alex gives us a recap of last year, and Ed explains why the team at Birch Run Financial is optimistic heading in to the new year.Alex recaps many of the difference indices' performance in 2022, including the S&P 500, the Bloomberg US Aggregate Bond index, and more - courtesy of FactSet.Yes, the financial media are right when they talk about 2022 being the worst year since the 2008-2009 financial crisis. But remember, the job of the financial me...
2023-01-1032 min
Kevin JoncastAmerica’s Greatest Investment Banker | David Solomon - CEO or DJ?, David's beginning, Drexel Burnham Lambert, Michael Milken, Junk bonds, Bear Stearns, Casino gambling, Sheldon Adelson, Goldman SachsGoldman Sachs is the pinnacle of prestige for ambitious finance chimps. But the status and money you can earn at Goldman require a lot of sacrifices to be made. It is famous for its long hours, toxic work culture and MDs hitting you with a nightly pls fix at 3 am. Enter David M. Solomon, the current chief executive officer at Goldman Sachs who was able to not only succeed in this hyper-competitive environment but also defeat his colleagues in a battle of climbing the corporate ladder and coming out as the primus inter pares in a pool full of...
2022-12-1028 minNurturing Financial FreedomRoth Conversions and Tax Loss Harvesting: Is This The Year?It's been almost a decade and a half since we've seen a market downturn like we have in 2022. And while you may not be happy when you look at your investments, our current environment may provide some opportunities that investors haven't seen in some time. Today, Ed Lambert and Alex Cabot of Birch Run Financial explain.First, Ed tackles Roth Conversions. On a traditional IRA, you pay the taxes on the way out. On a Roth, you pay them on the way in. This is also true at the time of a conversion - that's when you pay t...
2022-12-0926 min
Beans & BreakdownsJon Lambert (Noise Dosage Media)On this episode I'm joined by Jon Lambert, creator of Noise Dosage Media. We sit to chat about the metal scene, chocolate flavored drinks, how to support local bands, emergency dental surgery, and his film "Between Exultation and Agression (An Extreme/Death Metal Documentary Film)."
During the episode I'm drinking Mate Matosa from De Mello Coffee Roasters.
Episode Links:
https://hellodemello.com/
https://www.noisedosagemedia.com/
https://www.beansandbreakdowns.com/
2022-11-1742 minNurturing Financial FreedomImplications of the Mid-Term ElectionsWith the mid-term elections one week away, many of Alex and Ed's clients and podcast listeners are wondering how the markets will be affected by the results on November 8th.Alex did some digging into this, looking at the every President since Kennedy, comparing market returns of the first two years of their term to the total length of the term. We start the podcast by digging in to those numbers, in search of some historical data. The bottom line is that the numbers do not provide us with a tradeable strategy. And the same is true wit...
2022-11-0325 min
Rez Metal PodcastEp. 73 - Jon Lambert (Noise Dosage Media)Ep. 73 - Jon Lambert (Noise Dosage Media). In this episode I talk with Jon Lambert of Noise Dosage Media. Jon is multi-talented and produces his own films, podcast and fanzine. Most recently he released his documentary entitled "Between Exultation And Aggression (An Extreme/Death Metal Documentary Film)". We talk about his documentary, podcasting, and our passion for extreme music.
Check out his documentary in the link below. This documentary features interviews from Barney Greenway (Napalm Death), Dan Lilker (Nuclear Assault/S.O.D/Anthrax), Travis Ryan (Cattle Decapitation), John McEntee (Incantation), Chase Mason (Gatecreeper), Tony Foresta and Ryan Waste (Municipal...
2022-11-011h 00
Cave Dweller MusicJon Lambert (Noise Dosage Media) InterviewWe sit down with Jon Lambert of Noise Dosage Media to talk all things death metal. We discuss his new death metal documentary Between Exultation and Aggression (An Extreme/Death Metal Documentary Film), which features interviews with countless extreme metal legends. We also talk about his podcast series, get derailed and discuss video games for way too long, talk about the new Dio documentary DIO: Dreamers Never Die and Jon tells us some great insider stories he learned from talking with legendary musicians.
For all of this and more listen to the full episode!
Watch Between Exultation and Aggression:
https...
2022-10-291h 26
Jon of All TradesEp. 338: Bruce Lambert – Owner of Dog House Denver
Bruce Lambert is the founder of Dog House Denver and he’s the guest on Ep. 338 of the Jon of All Trades Podcast debuting October 12, 2022.
Bruce Lambert is the owner of Dog House Denver, Denver’s premiere doggy day care. From their website: “At Doghouse Denver your dog will enjoy constant care and supervision from our loving, skilled, and knowledgeable handlers. Our team is passionate and experienced in interacting and engaging with dogs of all temperaments. Dog House Denver is not only THE spot to physically exert your four-legged friend, we are also focused on appropriate socialization between dogs.”4
On...
2022-10-1237 minNurturing Financial FreedomVery Few Years Are AverageInvestors often get caught up in the idea of "average returns." Today, Alex Cabot and Ed Lambert of Birch Run Financial explain why that mindset can be dangerous. Average returns can be looked at over a longer period of time, but very few years are even close to "average."First, Ed explains the concept of standard deviation - and the expectation that 66% of years can be expected to be within one standard deviation. Here's an example:A portfolio's average annual rate of return is 6%, with a standard deviation of 10% in either direction.That mean...
2022-09-1925 minNurturing Financial FreedomInvestment Time HorizonsInvestment Time Horizons are a concept that Alex Cabot and Ed Lambert feel is often misunderstood by investors. Alex starts with the two main factors we need to consider: how long until you need the money and how long you will draw on it. This will affect how you invest, even if the spending goal is the same distance away.Next, Ed explains why the duration of the distributions is so vitally important. This relates back to the word of the year so far in 2022 - inflation. It will cost more to buy the same goo...
2022-08-1624 minNurturing Financial Freedom2022 Mid-Year UpdateWhere do the financial markets sit as we've hit the halfway point of 2022? Ed Lambert and Alex Cabot are here to break it all down, in terms of what it means for you as an investor.Obviously, the big word of the year is Inflation. Ed explains how bad it is. Also, what's driving inflation? Is it COVID stimulus money, the war in Ukraine, or China's current COVID lockdowns? Well, it's all three. Ed talks about how the FED is trying to combat inflation with rising interest rates, and the fine line they have to walk between curb...
2022-07-0732 minNurturing Financial FreedomLook Before JumpingAlex Cabot and Ed Lambert of Birch Run Financial have been working in this industry for over 20 years, and they've seen a lot of interesting financial products. Today, they take a look back at some of these investments and why they didn't work out. The list includes:Negative Amortization MortgagesFinancial EngineeringHigh Yield Debt/Bond ProductsIlliquid and Opaque StrategiesFixed Index AnnuitiesCryptocurrencyViatical SettlementsAnd finally, totally fraudulent products and strategiesIn the end, it all boils down to...
2022-06-2139 min
Two Jons Don't Make a RightMolly Lambert of HeidiWorld podcast fame!2 Jons are back with the brilliant LA Native Molly Lambert from the amazing, sleazy Heidi Fleiss podcast "HeidiWorld". Molly talks Hollywood history, takes the Jons to Heidi Fleiss's old Hollywood Blvd. storefront for her line of women's boxer shorts, they see a lady with tons of garbage duct taped to her car and Jon D plugs his new album, Ding Dong Delicious. Tall Jon is a safe driver. However, if he gets pulled over, he knows his rights, and also knows NOT to take them on the podcast! We ONLY turn left!
2022-06-071h 31Nurturing Financial FreedomPolitics and InvestingOften, Alex Cabot and Ed Lambert at Birch Run Financial are asked about how the political environment can affect investments. Today, we take a deep, non-partisan dive into that very question.First, Ed takes the 30,000 view. On average, it doesn't matter which party is in charge in Washington - Democrat or Republican. There is a small uptick in returns when the government is divided, as opposed to one party controlling Congress and the White House. What does come into play though, is confirmation bias. Individual investors often minimize downturns when their party is in power, yet b...
2022-05-2732 minNurturing Financial FreedomThe Good, the Bad, and the Ugly: Employment in the U.S.Today we’re going to talk about the job market in the US. As we’ve discussed in the past, the job opportunities for workers at this point are plentiful. Each coin has two sides, though. Not everything about the job market is ideal. First, Alex looks at the good side, including:Low unemployment rateLarge number of job openingsThe gradual ebb of COVID-19 and the return of more people to the office.However, there's also a down side. Ed looks at that, including:Market imbalance between job openings and unemployment workersGreater workload on those workingHigher wages contributing...
2022-04-2827 minNurturing Financial FreedomBuilding a War ChestThe Russian invasion of Ukraine, in addition to a terrible humanitarian toll, has also affected the financial sector. We've seen increased market volatility. Today, Alex Cabot and Ed Lambert of Birch Run Financial explain the importance of having adequate liquid cash reserves, and what they should look like.First, Ed explains the importance of having a "war chest," if you will. This is so important when it comes to protecting yourself against market volatility and unexpected expenses.Next, Alex breaks down examples of what that war chest should look like. What is adequate, and what i...
2022-03-1723 minNurturing Financial FreedomOptimism is the Only RealismOver the first two months of 2022, we've heard a lot of reasons to worry about the market and our overall financial future. However, Alex Cabot of Birch Run Financial recently wrote a white paper on 4 reasons to be optimistic at this point. Today we break them down:The economy, specifically measured by GDP, is strong.Consumers are confident.Businesses are optimistic.Employment situation.Nest, Ed Lambert explains his three reasons to be optimistic as we look forward.Technological GrowthPopulation DemographicsThe US Free Market SystemWhile past performance does not guarantee future results, Ed spends a few...
2022-02-2325 minNurturing Financial FreedomWhat You Should Do To Start 2022Today, Alex Cabot and Ed Lambert of Birch Run Financial cover two main topics. First, Ed tells us the four things everyone should do to start the new year. Then, Alex talks about how investors should be viewing the current financial environment.Ed talks about:Increasing your retirement contributionsEliminating high interest rate debtAdding to your monthly mortgage paymentChecking your investment strategyAlex covers:How the markets have responded to the Omicron variantInflationCommon mistakes with asset allocationGeneral investment strategy, dependent on your individual situation.Birch Run Website: www.birchrunfinancial.comBirch Run Fi...
2022-01-2026 minNurturing Financial FreedomFed Tightening: What is it, and what does it mean for the Economy?"Fed Tightening" is a term we've been hearing a lot lately. Today, Alex Cabot and Ed Lambert of Birch Run Financial explain the term, and why it's relevant now, at the end of 2021.The Federal Reserve, or "The Fed," has two main weapons in its arsenal: Short Term Interest Rates and Money Supply. Alex explains how these two tools can be used to bolster a struggling economy, or, like now, slow the rate of inflation.Ed explains why this is a relevant discussion now. Recent policy has gotten us through the pandemic, but now, with the...
2021-12-1721 minNurturing Financial FreedomEvery Investment Has a PurposeBirch Run Website: www.birchrunfinancial.comBirch Run Financial email: info@birchrunfinancial.comBirch Run Financial Phone Number: (484) 395-2190On this podcast, Alex Cabot and Ed Lambert often preach the importance of diversification - having many different types of investments in your portfolio. Today, Ed breaks that down from a 30,000 foot view. And much to Jag's appreciation, he even has a Tom Brady analogy.We also explain correlation - how different asset classes interact with one another and why that's important in constructing your portfolio. From there, Alex breaks down portfolio risk...
2021-11-2224 minNurturing Financial FreedomFiscal Stimulus and Monetary Stimulus ExplainedBirch Run Website: www.birchrunfinancial.comBirch Run Financial email: info@birchrunfinancial.comBirch Run Financial Phone Number: (484) 395-2190Fiscal Stimulus and Monetary Stimulus, ExplainedSince the beginning of the pandemic, we've been hearing about fiscal stimulus and financial stimulus. Today, Alex Cabot and Ed Lambert of Birch Run Financial break them both down.Fiscal Stimulus:When the government increases spending, cuts taxes, or both.Can be measured by "Fiscal Multiplier," or "bang for your buck."We've implemented 5 specific cats of fiscal stimulus since the beginning of 2020.Returning t...
2021-10-2128 minNurturing Financial FreedomDo I Need Bonds in My PortfolioBirch Run Website: www.birchrunfinancial.comBirch Run Financial email: info@birchrunfinancial.comBirch Run Financial Phone Number: (484) 395-2190Do I Need Bonds in My Portfolio?We begin today's episode with a quick market recap of the past month, then we get into a question that Alex Cabot and Ed Lambert of Birch Run Financial are frequently asked. "Do I Need Bonds in My Portfolio?"First, Ed explains what bonds are and how they work. And while bonds are often more stable than stock investments, bonds do carry three ri...
2021-09-1724 minNurturing Financial FreedomThe Gamification of InvestingGamification of investing refers to the idea that investing is a "game" that can be won or lost. Alex Cabot and Ed Lambert of Birch Run Financial are here to break down this trend.Alex starts by walking through the fundamentals of this gamification, and the effort to democratize investing. He also provides some historical context into where this trend fits. There is a downside to this trend, however. Ed explains the risks and dangers that gamification can pose to the average investor. Investing or day trading with apps can be exciting, but if you're inve...
2021-08-1937 minNurturing Financial FreedomQuarterly Economic and Market UpdateToday, Alex Cabot and Ed Lambert of Birch Run Financial provide an update on the economy and the markets, through the second quarter of 2021.Ed explains, how in terms of GDP, we are growing faster than at any point since 1984! We've recovered all pandemic-related losses, and any further economic growth will be new.The employment rate is improving, and Ed explains why we expect it to get better over the second half of 2021. We also cover the housing and auto markets, as well as the federal reserve and interest rates.Turning to the ma...
2021-07-2328 minNurturing Financial FreedomInflation: Here to Stay?After a brief check of the markets over the last month, we jump into today's big topic.Inflation has been a major topic in the financial media lately. The question is: Will current inflation be transitory (temporary) or will it last? Today, Ed Lambert and Alex Cabot of Birch Run Financial play devil's advocate and present each side of the argument.First, Ed outlines the argument that inflation is here to stay:The Fed has changed their guidance to allow for inflation to average 2%, and it's previously been low.The Fed is currently more i...
2021-06-1727 minNurturing Financial FreedomFire Drill!We begin today's episode with a check of market performance from April 15th-May 15th. Ed Lambert walks us through the changes in the S&P 500, small cap market, Russell 2000, and more.The focus on today's podcast is fire drills. Markets can be volatile and uncertain. There are pullbacks, corrections, and bear markets. Alex Cabot walks us through some of the more recent incidents of each, including the COVID response last year. The proper time to "stress test" your portfolio, or run a fire drill, is when the market is doing well. This will enable you to create and...
2021-05-2433 minNurturing Financial FreedomDiversification 2.0With so many different types of investments considered "hot" right now, Alex Cabot and Ed Lambert thought this the perfect time to revisit the importance of diversification.Hot asset classes don't necessarily remain hot, and "cold" classes aren't "overdue." Past performance does not indicate future results, and your best chance at success is a properly diversified portfolio.Alex and Ed provide hard data about just how volatile these different asset classes have been, just over the last few years.Lately, there's been a trend of market leaders changing from fast growing tech companies t...
2021-04-1531 minNurturing Financial FreedomInflation: What's The Big Deal?Over the past weeks and months, we've heard many stories in the financial media about inflation, when it's coming, and what it will mean. Today, Ed Lambert and Alex Cabot of Birch Run Financial break it all down.Ed talks about the massive amount of money we have flowing through our financial system, thanks to historically low interest rates, economic stimulus money, and the pent up demand that will spring once we all get vaccinated.Goldman Sachs is estimating a 7% growth to the US GDP in 2021, a very significant number - Ed breaks it down.
2021-03-1730 minNurturing Financial FreedomDon't Chase Returns!We often hear advisors say "Don't chase returns." But what does that really mean? Today, Alex Cabot and Ed Lambert of Birch Run Financial explain, and why this advice is so important.Chasing Returns is really about FOMO, or "keeping up with the Joneses." Psychologically, we hear about a hot stock or other item, and we don't want to miss out. We've seen this with tech, commodities, even real estate. The problem is, these items can be artificially inflated, and that bubble will eventually burst. Advisors will always say "buy low and sell high." Chasing these "hot" items...
2021-02-1927 minNurturing Financial Freedom2021 OutlookWe are all grateful to put 2020 in the rear-view mirror and turn the page to 2021. Today, Ed Lambert and Alex Cabot of Birch Run Financial join Jon Gay for a 2021 economic outlook and what investors should expect in the coming year.Ed breaks down the importance of COVID-19 vaccines, and why they are key to the expected economic recovery. If we can reach "heard immunity," consumers' pent up demand will help suffering industries, like restaurants and travel. The hope is, a year from now, we will look back on a solid 2021 and forward to a good 2022....
2021-02-1721 min
Home Brew Rock Stars PodcastE70 Bring it on Home-Brewer pt.2 w/Jon Lambert of Hairy Cow“Give a man a beer, waste an hour. Teach a man to brew and waste a lifetime!” – Bill Owen Welcome and glad to have you back! This is HomeBrew RockStars Episode 70 part 2 - “Bring it on home-brewer” (Cue up the Led Zeppelin). In this episode we continue our conversation with Jon Lambert. Jon is the head brewer at Hairy Cow located in the town in Byron IL overlooking the scenic Rock River in Ogle Co. Hairy Cow just celebrated their 2nd anniversary! We discuss Jon’s home brewing roots and his journey to going pro and how much...
2021-01-101h 00Nurturing Financial FreedomWhat Does The Election Mean For The Economy and Investors?It's been a tumultuous 2020 and election cycle. Today Alex Cabot and Ed Lambert of Birch Run Financial will break down what this year's results will mean for the economy as whole and individual investors.Ed starts with some perspective on where we are, with a likely Democratic President and House, balanced by a likely Republican Senate. Divided government means modest legislation, so we could be looking at a limited stimulus package to come. Should the Democrats take the Senate (via runoff elections in Georgia), we could be looking at a larger stimulus bill, more legislation on climate and...
2020-11-1821 min
Bolus: education delivered statS05E05 Essential Thrombocythaemia And Polycythaemia Vera With Jon LambertJon Lambert is a Haematologist at UCLH, and specialises in the treatment of Lymphoma and Myeloproliferative Neoplasms (MPNs). We ask him to give us insight into the presentation, diagnosis, treatment and long term impact of two common MPNs, Essential Thrombocythaemia and Polycythaemia Vera.
2020-11-0229 minNurturing Financial FreedomCybersecurity: How Can We Protect Ourselves?As many of us spend more time online (work, school, and more), Cybercrime has grown significantly in the last 6 months. Today we break down some common threats:Phishing ScamsIdentity TheftSweetheart ScamsRelative ScamsSocial Security and IRS ScamsNext, we talk about how to protect ourselves against these threats:Updating SoftwareMulti-Factor IdentificationBacking Up Your DataBeing Careful with Online InteractionsUsing Strong Passwords and Frequently Changing ThemKnowing Government Agencies Will Never Call You To Demand PaymentWhat To Do If You HAVE Been Attacked.Resources:Nurturing Financial Freedom Book: https://www.amazon.com/Nurturing-Financial-Freedom-Edgar-Lambert/dp/1483442950Birch R...
2020-10-1623 minNurturing Financial FreedomWhat Do Low Interest Rates Mean For Investors?In the US, interest rates are extremely low right now. Today, Alex Cabot and Ed Lambert of Birch Run Financial explore what that means for investors.How did these low rates come about and who benefits from them?Who is hurt by low interest rates?Resources:Nurturing Financial Freedom Book: https://www.amazon.com/Nurturing-Financial-Freedom-Edgar-Lambert/dp/1483442950Birch Run Financial Website: https://www.raymondjames.com/birchrunfinancial/Email Birch Run Financial: info@birchrunfinancial.comCall Birch Run at 484-395-2190
You can always email A...
2020-09-2429 min
The Brit and Yankee Craft Beer PodcastPubcast 351 / Virtual Happy Hour - Jon Lambert of Hairy Cow BrewingThis edition takes us out to Byron, IL (virtually) and a brewery situated along the Rock River. Hairy Cow Brewing has been open for just over 2 years, and partner/head brewer out there is Jon Lambert. Jon joins The Brit, Phil Clark, and his co-host, Ken McMullen from Hopvine Brewing on a Zoom call to chat about Hairy Cow, and sample some of his brews.
We find out what exactly Hairy Cows are, Jon’s background, and how his beers are brewed to reflect the tastes of the area. The styles are classic, but he is now sta...
2020-09-1144 minNurturing Financial FreedomShould I Buy That Vacation Home?With COVID-19 cutting many people's desire to get on an airplane or other public transportation, many of our clients are considering buying a second vacation home - on the Shore or elsewhere. Today, we weigh the pros and cons of whether or not you should make this major purchase.Ed gives 5 reasons to buy the home:You can afford it and any trade offs with regard to your retirementYou can afford to carry the property even without rental incomeYou'll use the property throughout the yearYou can commit the time to maintaining the propertyYou are OK with li...
2020-08-2727 minNurturing Financial FreedomMisleading Investment "Truths"There are a number of cliches when it comes to investing, many of them considered to be "truths." Today, we look at three of them - what's true, and what's not.Buy Low and Sell HighWhile this is mostly true, it doesn't mean try to time the markets. Quite the opposite - it means to stay invested. Alex Cabot explains.Cash is KingThis cliche is thrown around all the time, especially in down markets. While it's important to have a cash reserve, being too conservative can have a very hi...
2020-07-1022 minNurturing Financial FreedomInvestor PsychologyGiven the volatility the market has experienced so far in 2020, today we explore investor psychology, and how we sometimes need to fight our instincts.Evolution has programmed us for "fight or flight" when confronted with a stressful stimulus, for example a large loss of money. And psychologically, losing money is twice as powerful as gaining it.We look at a study that shows individual mutual fund investors averaged a return of only one third what the overall market did - because they gave into temptations and made mistakes.Investors should feel nervous when t...
2020-06-1524 minNurturing Financial FreedomMay 2020 Coronavirus UpdateToday, we take stock (no pun intended) of where we are financially with regard to the Coronavirus pandemic. First, how has the 2020 market selloff compare with previous declines, corrections, and bear markets? Alex Cabot compares the data and explains that it's not the depth of the trough, but how quickly it happened.Next, Ed Lambert takes stock of where we are now, mid-May, in terms of the economy. We look at the decline and potential recovery, with the caveat that re-opening the economy really depends on the virus itself.Finally, Alex looks to the future. Th...
2020-05-1328 minNurturing Financial FreedomCoronavirus, Market Shocks, and the Economic OutlookToday, Alex Cabot and Ed Lambert of Birch Run Financial join Jag to talk about the effects that COVID-19 has had on the financial markets. They also offer some historical perspective, and look ahead to a potential recovery.How much economic damage has been done?What has the fallout for the financial markets been so far?What are some possibilities for economic recovery?Resources:Birch Run Financial WebsiteMore info: info@birchrunfinancial.comEmail Alex: ACabot@birchrunfinancial.comEmail Ed: ELambert@birchrunfinancial.comCall Alex and Ed: 484-395-2190
2020-04-1532 minNurturing Financial FreedomMarket Volatility - How To PrepareAs our world changes very quickly these days, the markets have been increasingly volatile. Today, Alex Cabot and Ed Lambert explain how to prepare and weather the storm of current market conditions.Should investors ride it out?What is the importance of having separate "buckets" in your portfolio?When should you buy stocks aggressively?Resources:Birch Run Financial WebsiteMore info: info@birchrunfinancial.comEmail Alex: ACabot@birchrunfinancial.comEmail Ed: ELambert@birchrunfinancial.comCall Alex and Ed: 484-395-2190
You can always email Alex and Ed at...
2020-03-1826 minNurturing Financial FreedomPortfolio Strategies For Retirementere are many reasons you should be re-balancing your portfolio. To start today's episode, Ed explains what portfolio re-balancing is, why you should buy low and sell high, and how often you should re-balance.Next, Alex explains the dangers of a portfolio that's too heavily invested in stocks, with a bit of historical perspective.Finally, Ed talks to Sequence of Returns, what it is, and why it's such an important factor in retirement.Resources:Birch Run Financial WebsiteEmail Alex: ACabot@birchrunfinancial.comEmail Ed: ELambert@birchrunfinancial.comCall...
2020-02-1924 minNurturing Financial FreedomNew Years Financial ResolutionsIt's New Year's Resolution time! Alex Cabot and Ed Lambert of Birch Run Financial join co-host Jag to talk about important pieces of your financial future to look at as we enter a new year.Investment Strategy:Is your broad strategy appropriate?Should you rebalance?Do you have an emergency fund?Budget Planning:Do you have a budget in place?Are you maxing out your retirement plan?Employee Retirement PlansSavings GoalsConsider a Financial Advisor:What...
2020-01-2133 minNurturing Financial FreedomFive Financial To Dos Before Year EndAlex Cabot and Ed Lambert of Birch Run Financial delve into the 5 financial things you should take care of before the end of 2019, including:Maxing out your retirement plansChecking on Required Minimum Distrubutions (RMD's)Tax Loss Harvesting - is it right for you?Creating a Holiday/End-of-Year BudgetConsidering a Roth ConversionResources:Birch Run Financial WebsiteEmail Alex: ACabot@birchrunfinancial.comEmail Ed: ELambert@birchrunfinancial.comCall Alex and Ed: 484-395-2190Find Alex on LinkedInFind Ed on LinkedIn
You can always email Alex and...
2019-12-1930 minNurturing Financial FreedomQualified Tuition Programs - 529 PlansQualified Tuition Programs, also called 529 Plans, provide a way to save money for future education expenses. Today we cover:Qualified Tuition Programs, also called 529 Plans, provide a way to save money for future education expenses. Today we cover:How 529 Plans WorkWho owns the planContribution LimitsTaxationQualifying InstitutionsHow to invest money in a 529 PlanDo 528 Plans affect Financial Aid? Resources:Birch Run Financial WebsiteEmail Alex: ACabot@birchrunfinancial.comEmail Ed: ELambert@birchrunfinancial.c...
2019-12-1930 minNurturing Financial FreedomSuccessful Investing MindsetWhat is a successful investing mindset, and how do you develop it? While part of investing is understanding terminology and strategy, a good financial adviser can also be part "psychologist" and help you navigate the anxiety of an ever changing market. Ed Lambert explains this.The worst thing you can do is give in to your instincts and over-react when the market changes. Alex explains why it's important to always stay invested throughout various economic environments. Just ask Warren Buffet.Finally, it's crucial to not be influenced by the financial media. The media knows that b...
2019-10-1429 minNurturing Financial FreedomCash Flow and Different BondsIn today's episode, Alex and Ed do a great job simplifying the complex world of bonds and some other forms of cash flow.
First up, Alex explains the differences between Municipal Bonds and Taxable Bonds. What are the advantages to each? What should go into a decision between them?
Next, Ed talks stock dividends vs bond interest, and how they compare in our current low interest environment.
Finally, Alex gets into the perils of trying to max out yields. He explains the advantages, and often overlooked pifalls, of high yield bonds, high yield...
2019-09-1327 minNurturing Financial FreedomExplaining the SECURE Act and The Power of Compound InterestThe SECURE Act has been in the news a lot lately; Ed breaks it all down.
Next, Alex explains whether you should draw distributions from your pretax or after tax accounts - and what should go into this decision.
Finally, the guys break down the power of compound interest. Find out why Einstein said it's the most powerful force in the universe.
Resources:
Birch Run Financial Website
Email Alex: ACabot@birchrunfinancial.com
Email Ed: ELambert@birchrunfinancial.com
Call Alex and Ed: 484-395-2190
You can always...
2019-09-0429 minNurturing Financial FreedomThe Phases of RetirementWe open Episode 4 with an explanation of Replacement Ratios - the equations used to figure out how much money you'll need when you retire. Ed explains that while this may be a good starting point, relying solely on this strategy can be very dangerous.
Alex explains the three phrases of retirement - those early "Go-Go" years when people check items off their bucket list, the "Slow-Go" years where people start to slow down, and the "No-Go" years in which seniors aren't very active at all. Each of these phases has different financial liabilities and should be planned...
2019-07-1834 minNurturing Financial FreedomRoboAdvisors and The Future of Social SecurityIn our third episode, we start with life insurance - who needs it, what the different types are, and what it can do.
Next, we look at financial simulation models, including the "Monte Carlo" simulation that can throw many different variables at your portfolio and test results.
Next, a burning question everyone wants to know about. Ed explains the precarious position Social Security is in, and the possible remedies for it.
Finally, Alex tackles "Robo Advisors," the automated systems that can give you financial advice. His take on them may surprise you.
2019-06-1435 minNurturing Financial FreedomPouring Water on the FIRE StrategyAlex Cabot and Ed Lambert from Birch Run Financial join Jag and start with the dilemma of buying or renting a second/vacation home.
Next, the guys tackle a new financial trend - FIRE - or Financially Independent Retire Early. Retiring in your 30's may sound like a good idea, but Alex and Ed explain the many pitfalls associated with this new idea.
Is it a better idea to sell off stock before the market dips? Find out why the stock market and investing can actually be the *opposite *of a casino.
Is...
2019-05-1630 minNurturing Financial FreedomRetirement, Budgets, and The Credit Card SnowballAlex, Ed, and Jag discuss the factors that go into retirement planning - how much you'll need to save, and diversification.
Next, the guys get into Roth retirement accounts, explaining why they are a good idea for some people but not for everyone.
What about budgets? Are they really necessary? That depends on your personality and spending habits.
Finally, a discussion on credit card debt. Did you know that if you don't pay the full balance every month, you'll pay interest instantly on new purchases?
This is how credit card debt...
2019-04-0538 min