Shows
The Pet Parent Hotline | Calm The Chaos, Cut The Costs, and Love Life With Your Pets AgainPet Bills Keep Surprising You? Here’s How to PlanAre pet care costs sneaking up on you every month? Instead of scrambling when a vet or food bill hits, what would change if you planned for every common expense ahead of time?Most pet parents underestimate pet care costs because they do not track them, then feel stressed or guilty when money gets tight. In this conversation with Certified Financial Planner Joe Okaly, you'll learn simple pet cost hacks to treat pet expenses like any other recurring life cost, so you can be prepared, confident, and calm when bills arrive.BY...
2025-11-2330 min
Direction Not PerfectionDirection Over Perfection: Building Healthy AND Wealthy Habits – Financial Planner, Joseph OkalySend a text for comments or topics ideas! Joseph Okaly's Resources: Website: nhwmllc.com LinkedIN: https://www.linkedin.com/in/joseph-p-okaly-733b6b90/ Facebook: https://www.facebook.com/joe.okaly/ Twitter: https://twitter.com/jpokaly Health coach, wealth coach. They sound similar but most of us look at them differently. If we don’t feel healthy, we consider hiring a coach, maybe even someone like me, to hold your feet to the fire and keep a strong focus on desired goals. But on a...
2025-02-0723 min
Enjoy More 30s: Family FinanceStep Up! The Gain is Gone - REMIX | Series 10.6Certain assets will now forgive all taxable gains, but what about losses?Now this original episode, we spoke about how if you inherit what they call taxable, so non IRA or annuity type assets, so really essentially, if money's in a joint account or an individual account, something like that, as of 2022, that entire gain would be forgiven. (01:06)So you would let's say inherit that $500 and that would be your kind of starting point. You wouldn't have to pay tax on that $450 growth that they experienced, that whole thing would kind of be thrown out and your new...
2022-12-1207 min
Enjoy More 30s: Family FinanceThe Stock Market Doesn't Care About Political Parties - REMIX | Series 10.5Overall, what the market tends to be influenced by is certainty vs uncertainty.Studies have been done on the president, the House, the Senate, combining all three of these in different ways to see which one of those has been the most favorable to the stock market in past history. And what they found after what I'm sure was a lot of work is that there is no strong correlation for any particular combination over the long term. (03:19)One strong positive indicator, however, is the midterm elections themselves. So not who wins the elections, but the elections themselves. (03:56...
2022-12-0507 min
Enjoy More 30s: Family FinanceHow to Talk With Parents About Money - REMIX | Series 10.4Open communication with your parents about money may be more important than you think, especially now.So how much are our parents affected? Can they still recover their expenses long term, if they're in these heavily bond weighted portfolios? (03:11)They have a different perspective from us, they're a different generation. (05:37)But there are more and more products coming out that approach risk in different ways. You may come across terms such as buffered annuities or buffered ETFs for example. (07:20)Quote for the episode: "Just like you should at least be asking your advisor if you have...
2022-11-2809 min
Enjoy More 30s: Family FinanceYou May Already Be a Future Millionaire - REMIX | Series 10.3Keep a long term view, this might just be traffic on the road to your destination....what we can do is still pause and take a look when it comes to finances just like Lauren and I do with that last luggage check. You know, what do we actually need, keeping things in perspective. (02:14)Since it took a year to recover in our example now there's only 19 years left for that same $250,000 to grow during our total 20 year period of time that we set. So instead now we've arriving at $1 million with only 19 years to grow, we arrive...
2022-11-2108 min
Enjoy More 30s: Family FinanceStocks Lead, Don't Follow - REMIX | Series 10.2Reminding ourselves how the stock market tends to work, how it is a leading indicator, can be a helpful emotional refresher course.The stock market, if you remember is what they call a leading indicator. Basically, what that means is that it acts in advance of what people think is going to happen. (02:27)Think the 2008 mortgage crisis or 2020 COVID. There was very little clarity at the time on what was going to happen next. And that uncertainty is what drove the volatility. (03:12)So what you can do is really the hardest thing sometimes and that's just not touching...
2022-11-1408 min
Enjoy More 30s: Family FinanceUnknowns Are Scary - REMIX | Series 10.1With more education, there's less fear.A lot of times when it comes to finances is we don't even know what we don't know. (03:19)When stocks sell down, though you have that other area of your portfolio, right? Bonds, fixed income, they are more conservative, they will help us balance out those losses. (05:28)In the 2008 financial crisis and the 2020 pandemic, bonds did hold up considerably better than stocks. However, this time around, the reason for the losses were rising interest rates. (05:49)Quote for the episode: Maybe now instead of saying "why is this happening to my...
2022-11-0909 min
Enjoy More 30s: Family Finance10 Ways to NOT Be a Millionaire - Series Recap | Series 9.11Recapping easy traps people tend to fall into when it comes to money and saying good bye to Joe's game show voice!Someone who saves $500 a month at 10% for 30 years, winds up with over $1.1 million. Someone who waits 10 years and then starts the same exact program would wind up with less than $400,000. (01:44)For a young family, your future income potential is your greatest asset. If you make $100,000 now, then over the next 30 years at 2% wage growth, you would bring in over $4 million. A huge asset that is exposed by not having disability insurance protection. (03:18)Spending a greater percentage...
2022-10-2411 min
Enjoy More 30s: Family FinanceLiving for Lifestyle | Series 9.10Spending money does not equal wealth.Let's say between a little bit of a fancier car, larger house and other great lifestyle items, we can increase our spending by $500 a month. (01:45)And so for example, we can help ourselves miss out on an extra $500 a month savings for say the next 30 years, which if it grew at an assumed 10% would come out to over $1.1 million. (02:08)Furthermore, if the $400,000 earner is saving $60,000, that means they are living on the other $340,000 a year. When they retire will they want to give up all those great lifestyle items they have grown...
2022-10-1705 min
Enjoy More 30s: Family FinanceSaving for School Over Retirement | Series 9.9Why do flight attendants say to put your oxygen mask on first, before helping others?Instead of utilizing the ample college loan opportunities, we can instead try and pay for college as much as possible out of our own pockets. (01:42)If we spend $250,000 today that we can't afford on their education, then 10 years later, when we go to retire, that would be around $500,000 less that we would have to work with and supporting our own selves financially. (02:14)As you can't borrow for retirement, having your children borrow for what is possible to borrow for in college is in...
2022-10-1004 min
Enjoy More 30s: Family FinanceGetting Good Debt Gone | Series 9.8If you had the option to either save 4% or make 7%, which would you choose?Certain debts are regarded as good and so getting rid of something good would have to then generally be regarded as a bad thing to do. (01:07)If you had the option to save 4% or make 7%, the best answer for those who do not want to be a millionaire would be to save 4%. Saving 4% is obviously much less than making 7. (01:24)This can apply to things such as lower interest student loans, or even just switching to a 15 year mortgage instead of a 30 year, forcing you...
2022-10-0304 min
Enjoy More 30s: Family FinanceBlowing the Bonus | Series 9.7Receive a bonus every year? Be intentional with it! It could have a profound effect on your finances in either direction!Bonuses can be a great additional way to build wealth. (01:09)If you were to receive a $5,000 bonus every year for 35 years working, that is $175,000. If that were to be invested every year and receive 10% over those same 35 years, it would be worth a whopping 1.3 million. (01:21)As it is not money you depend on for bills, you can pretend it doesn't really exist and give your wealth a boost. Even if you just saved half, it would likely...
2022-09-2603 min
Enjoy More 30s: Family FinancePretending You Can't Die | Series 9.6If you have a family, chances are, you need life insurance!To have the best chance of not being a millionaire then that would mean leaving this huge asset exposed by pretending death cannot happen to you. (01:48)Simply don't ask yourself questions like, "How would my family be able to stay in our home?" "How would my spouse be able to pay all the bills?" "How would my children pay for college?" "How would my spouse be able to stay on track for all the goals we laid out together?" (01:58)If you do want to have answers to...
2022-09-1804 min
Enjoy More 30s: Family FinanceBudgeting Backwards | Series 9.5"Paying yourself first" - look it up!The best way to avoid saving is to only save what is left at the end of the month. This way, you have a great chance of spending all of your income, leaving absolutely nothing left to save towards yourself. (01:13)If you are really committed to not being a millionaire, then you would take it a step even further and spend even more than you make every month, accumulating credit card debt and severely hampering your overall wealth ability. (01:26)Saving $500 a month for 30 years at 10% comes out to over $1.1 million. Someone...
2022-09-1203 min
Enjoy More 30s: Family FinanceDisinterested in Disability | Series 9.4Your future income potential is your greatest asset; protect it!To have the best chance of not being a millionaire, then that would mean leaving this huge asset exposed to one of the most likely occurrences; disability. (01:31)Getting to that roughly 60% of income protection to age 65 is most times considered a good level of protection. (02:24)...if it does occur, it not only takes out your income, but it also may add on a huge amount of expenses to take care of the disability itself. (01:52)Quote for the episode: "Disability is about three times as likely to...
2022-09-0703 min
Enjoy More 30s: Family FinanceRushing Past the Roth | Series 9.3Roth IRAs grow tax-free! A great way to build your wealth!Roth retirement accounts, whether that be a Roth IRA, which would be a retirement account that you set up on your own, or a Roth 401(k), which would be a retirement account you set up through work, all grow completely tax free. (01:06)The more you pay in taxes, the more it will hamper your financial situation. Perfect for avoiding the building up of wealth. (01:32)While Roth IRAs always have income limits, if you make too much you are not eligible. (02:34)Quote for the episode: "Now...
2022-08-2903 min
Enjoy More 30s: Family FinanceMissing the Match | Series 9.2What is the best kind of money? Free money, of course!A matching component is where they will give you essentially free money, the match, up to a certain percent. (01:15)Some plans might have a vesting feature or having to work there aka for a certain amount of time before you get the match. But nonetheless, a path to free money, a 100% return on what you put in. (01:52)So for example, you are making $100,000 and your work has a 5% match. By putting in 5% of your own money, you get another free 5% from the company. (02:05)Quote for...
2022-08-2203 min
Enjoy More 30s: Family FinanceSave Late | Series 9.1Money needs time to grow, so the longer you wait to start saving, the better chance you have of NOT being a millionaire!Think of it like planting a fruit tree. Fruit trees can take three to five years before they start producing any fruit at all. And after that the production increases exponentially. (01:05)The longer you wait to plant those seeds, the longer it will take to have them grow into that wonderful fruit producing tree. (01:38)There is no growth on your money, no growth on the seed until you plant it. Not only that, it has...
2022-08-1503 min
Enjoy More 30s: Family FinanceThe Financial Parables of Your Life - Series 8 RecapRecapping 12 financial concepts through the timeless medium of storytelling!You're not going to cover everything in this series tomorrow or maybe ever. But if you take even one step forward, you are better off than before. (01:20)So look at that gain, as opposed to just the gap that's still in front of you. (01:30)So as I run through a recap of our stories, think about which ones would be the most important for you to remember and hold on to those in the front of your mind. Take action on those specific stories. (01:33)Quote for the...
2022-08-0809 min
Enjoy More 30s: Family FinanceThe Lion and the Mouse | Series 8.12Everyone has unique abilities. Is your advisor's unique ability financial planning?We are all well suited for very different things, we all have what some might call our unique abilities. (02:17)So when we talk about financial planning, if designing your own financial plan is something that is a unique ability of yours, that's fantastic. (03:07)If it is not, I would encourage you not to try to figure it out yourself or ask your accountant or worse even just ignore it altogether. (03:22)Quote for the episode: "Find someone who specializes in financial planning, somebody that does hundreds...
2022-08-0104 min
Enjoy More 30s: Family FinanceThe Carpenter's Stool | Series 8.11How sturdy is your three-legged stool of life?So it's easy to get caught up with all the fun or demanding elements of daily life. (02:19)Our goals for happiness sit on the top of these three legs, they're cashflow, insurance protection and investment strategy. (02:49)If one of them is neglected or not given the full attention as the others, we put ourselves in a position of having some potential problems. (02:57)Quote of the episode: "So build yourself a proper stool, or find a mindful carpenter out there in the form of a financial advisor to build...
2022-07-2504 min
Enjoy More 30s: Family FinanceThe Wild Boar and the Fox | Series 8.10Danger doesn't give advanced warning so sharpen your tusks with planning! So planning is what we can do to sharpen our tusks just like the boar. (02:18)"What if something happens to me?" We know how much money your spouse would need and we now have insurance to cover it. (02:34) Would you like to retire early or would you like to take more vacations with your family and retire at your original goal age? (02:47)Quote for the episode: "If you worry about any financial 'what would happen ifs' in your own life, then your plan is still...
2022-07-1804 min
Enjoy More 30s: Family FinanceThe Fisherman and the Little Fish | Series 8.9Don't wait! Catch those small fish and watch them grow "in your own pond"!Just like how small fish grow over time to be big fish, seemingly small amounts of money can grow substantially over time as well. (02:08)Putting that fish into your own personal pond to grow would be like the first step in building wealth. (02:34)Or a 401(k) plan at work that may match what you put in up to a certain percent. So you throw in a fish and you get one free. (03:23)Quote for the episode: "Grab those little fish, those small...
2022-07-1104 min
Enjoy More 30s: Family FinanceThe Master Heron | Series 8.8Waiting for the perfect scenario can get in the way of making any progress at all!Now, right now, today is almost always better than perfect. (02:08)So get out there, get the insurance policy now and then when you get in better health, go get a new one to replace it. (03:14)Saving towards yourself can be another common example. "I just want to buy this or that first, then then I'll really start to save I'm still young, right?" Well, you put it off for a year and then two years and it could be a few $100,000 less...
2022-07-0505 min
Enjoy More 30s: Family FinanceThe Empty Boat | Series 8.7Accidents will happen in life so captain your ship or at least hire one!"Yes", he replied, "the boat went past me first on its way towards you." "You were lucky it missed you. I wasn't so lucky." "Well," said the newcomer, "I saw that it might hit me so I moved out of the way." (01:51)Empty boats in the way of a job loss to a car accident to a house fire to a fall down the stairs, it can all hit us when we're unaware. (02:28)By planning for these occurrences though ahead of time, we can...
2022-06-2704 min
Enjoy More 30s: Family FinanceThe Crow and the Pitcher | Series 8.6"Little by little, a little becomes a lot...plus compounding interest!" - paraphrasing a Tanzanian proverbYou get your first 401(k) statement that you threw a couple pebbles into and it essentially says you know, "well thanks for playing, but you still have pretty much nothing", right? (02:19)And the great thing, unlike the crow with his little pebbles, the pebbles that we're using those amounts grow on themselves. (02:46)Every dollar that you put in grows on the next dollar and the next dollar. So every pebble, when you do it, is going to raise the water up faster...
2022-06-2004 min
Enjoy More 30s: Family FinanceThe Two Houses on Pleasantville Avenue | Series 8.5New information can lead to making new and different decisions!Jimmy replied, "Well, I'm not going to have to sell for some time since I only put a small amount down, I still have plenty leftover to buy food and pay my taxes. In fact, the extra that I invested has actually done quite well." (2:00)Paying off your mortgage was taught to us as a positive going back to the Great Depression kind of mentality. (02:41)For most people though their home is one of their biggest, if not the biggest, asset that they have. And when you have...
2022-06-1304 min
Enjoy More 30s: Family FinanceThe REMIX of the Turtle and the Hare | Series 8.4Trying to increase wealth rapidly may find you lost in the thicket. Take the time tested path!So if you are a hare, you likely don't need a shortcut to win the race. And if you're young, you are likely already a hare. (02:21)Trying rapidly to increase your wealth through market timing or dealing in some kind of a speculative security or things like maybe cryptocurrency, it may find you in the thicket just like the rabbit. (02:31)Being young means that you have time on your side. (02:45)Quote for the episode: "Be the hare. Just stay...
2022-06-0617 min
Direction Not PerfectionEpisode 178: Financial Direction Not Perfection - with Financial Advisor, Joe OkalySend a text for comments or topics ideas! Resources:Podcast: https://www.enjoymore30s.com/https://www.linkedin.com/in/joseph-p-okaly-733b6b90/ https://www.facebook.com/joe.okaly/ https://twitter.com/jpokaly Health coach, wealth coach. They sound similar but most of us look at them differently. If we don’t feel healthy, we consider hiring a coach, maybe even someone like me, to hold your feet to the fire and keep a strong focus on desired goals. But on a different note, if we do...
2022-06-0336 min
Enjoy More 30s: Family FinanceThe Ant and the Grasshopper...and the Other Grasshopper | Series 8.3Find balance between work (saving) and play (spending). The earlier you start, the easier it is!The traditional fable promotes working hard but did you know that most ants die within a few weeks to a few years? What a waste! (02:18)When you're young, saving early is like putting away a few pieces of food every day in early spring for the other grasshopper. (02:39)Quote for the episode: "If you have a savings plan put together for you when you're young, you might be very pleasantly surprised what it projects to turn into." (03:10) Securities...
2022-05-3004 min
Enjoy More 30s: Family FinanceGreat Grandma's Roast | Series 8.2Just because it made sense then, doesn't mean it makes sense now! Re-evaluate!So it's one thing to do something, and quite another to understand why you do it. (02:14)And while some of these actions may have made sense at some point in time, or were taught to us to make sense in some situations, that doesn't mean they necessarily still make sense for us today. (02:24)Regular evaluation is what makes us more intentional, what makes us more purposeful with our actions. (02:35)Quote for the episode: "If we're regularly asking ourselves, 'will this make my life...
2022-05-2304 min
Enjoy More 30s: Family FinanceBelling the Kitten | Series 8.1It's one thing to say a task should be done but it's a different matter to actually do it!But in the midst of the rejoicing over the good fortune, an old mouse rose and said, "I will say that the plan of the young mouse is very good. But let me ask one question, who will bell the cat?" (02:59)"...if you actually go out with that bell, more times than not, it's not as hard or as scary as you may think." (04:13)Quote for the episode: More times than not it's not a scary cat...
2022-05-1605 min
Enjoy More 30s: Family FinanceRaising Your Investment Mindset - Series Recap | 7.10Recapping the 9 episodes that reframe our investment mindset to ease financial anxiety!The worst 15 year period in the market over that same period of time going back to 1970, positive 3.7%, same exact index, different time period, very different result. (06:04)Uncertainty on the other hand, we talked about how it does historically show a high correlation with volatility: financial crisis of 2008, COVID in 2020, the uncertainty period was the drop. Once there was more perceived certainty, a plan of action, what are we going to do? The market started its recovery. (07:29)When you use a mathematical statistically diversified portfolio, the goal...
2022-05-0920 min
Enjoy More 30s: Family FinanceAdvice Should Trump Fees - The 3% Study | Series 7.9Is the financial advice you're receiving worth it?Goal statement: I now better understand how advice versus fees for that advice can separately affect my situation. (02:13)Pensions are mostly a thing of the past and Social Security is not going to replace your six figure salary that you and your spouse have. You are now responsible for your own retirement in this society. (04:26) When they came out then, so Vanguard, this low fee, low cost company, when they came out and said their research showed that having a proper advisor could add 3% per year in overall net worth...
2022-05-0216 min
Enjoy More 30s: Family FinanceEmotionally Abnormal, Statistically Normal, and Healthy Cookies | Series 7.8If we learn about normal fluctuations ahead of time, then we'll be better prepared to cope with those inevitable market downs.Goal statement: "I now better understand how much up and down is normal for investments so I'm better prepared to not freak out when it does." (01:50)...he [Dr. Markowitz] could now mathematically mix together what should produce the most return for the level of risk someone was willing to take, which is fantastic, right? (06:14) So when you get to a year with this portfolio goes down 12%, you could say that is actually normal. This should happen once...
2022-04-2512 min
Enjoy More 30s: Family FinanceBingo! You Probably Own More Than the Market | Series 7.7When you hear news about "the market", how much is actually applicable to your investments?Goal statement: I better understand what they mean when they say 'the market', and how that actually relates to my investments. (01:42)When you hear about the market on TV, most people's reaction is either "Oh no", when it does, something bad when it goes down or "Great! Yes", when it goes up. However, they are not talking about your specific investment. (03:10)We could break this down, in fact, much further because out of your stock piece, maybe it isn't all in the S...
2022-04-1808 min
Enjoy More 30s: Family FinanceWe Can All Save Another $100 | Series 7.6A bit more savings is almost always possible and what that means for your future self!Goal statement: I better understand how impactful it can be to consistently push my savings just a little bit further. (01:58)If your kid gets sick and needed a medicine costing $100 a month, you would figure out a way to afford that right? That means that you can also figure out a way to pay yourself another $100 a month. (06:43)So when we take that original $100 a month scenario, and we do the same thing, but assume that you increase your payments every year...
2022-04-1111 min
Enjoy More 30s: Family FinanceWinners and Losers Are Temporary | Series 7.5Just how "every dog has its day", every area of the market has its time in the lead, and how to emotionally deal.So one thing to remember is that most returns are due to what area of the market, what box, so to speak, your fund may be in. (06:10)Rebalancing is basically taking the areas that did well, and selling them, and putting those funds into other areas that did not do well and buying them. (06:59)I would again not recommend somebody trying to manage individual pieces and do this rebalancing because you have to be again...
2022-04-0411 min
Enjoy More 30s: Family FinanceHollywood's Stock Market | Series 7.4How TV and movies give us negative perceptions about advisors and investments.Goal statements: "I recognize what can greatly affect many people's perceptions of investments." (01:33)They've heard of people losing everything in the movies. They haven't heard of people missing out on retirement by being too conservative in the movies, though. (04:42)And think about how you may have gotten to where your mindset is today. It didn't just pop up out of the blue, it developed to where it is today. And then think about what mindset you might want your kids to have about it. (06:10)...
2022-03-2808 min
Enjoy More 30s: Family FinanceThe Stock Market Doesn't Care About Political Parties | Series 7.3How could these diametrically opposed groups that are influencing basically every aspect of public policy not cause the stock market to play favorites?When it comes to the stock market, though it historically doesn't really care one way or another what political party is in office. (03:33)What the stock market tends to be influenced by more than anything, though, is the certainty versus uncertainty factors that we've brought up a number of times. (05:07)But based on each individual administration's policies, and what they put into play can certainly affect how the stock market reacts to that news is...
2022-03-2109 min
Enjoy More 30s: Family FinanceBuy High, Sell Low? | Series 7.2Set your expectations for how often downs do occur and hold it together when emotions run high....declines are normal and you should absolutely expect them to happen and mentality and emotionally prepare for that to occur. (02:55)Remember recoveries whether they take six months, 12 months, 18 months, that's also normal. (04:55)Finally, this is why we have talked about diversification before, so not owning just one or a few individual stocks, but rather having a professional advisor or at the very least using an Allocation Fund, as mentioned in the last episode, to spread your money out across many areas...
2022-03-1407 min
Enjoy More 30s: Family FinanceInvestments Don't Do Good | Series 7.1What do you want your investments to do for you and are they on track to do it? So if my investments are doing good, that means they're on track to having the fuel that I need to get me to the goal that I'm trying to reach. (05:47)This is why I say investments are far less important in the grand scheme of things than planning. The planning is what gives you clarity, and the planning is what makes things possible. (06:18)So if you don't have the desire or the ability to properly compare and evaluate your different...
2022-03-0710 min
Enjoy More 30s: Family FinanceSpecial! The Wedding ChaplainGetting married? Important topics to cover during the engagement phase!So you both need to have some idea goals wise of what direction that you're going in. (07:45)Going deeper into that about how you're looking at your finances, when you guys are, you know, starting on your journey to have a life together, you're one family, and you know, having one family, it's important to look at things and goals jointly because they are joint. (12:59)You know there are things that money has touched already in your life, that if you have discussions on like, why you wound...
2022-02-2844 min
Enjoy More 30s: Family FinanceSetting Your Compass for the New Year - Series Recap! | Series 6.8Recapping all 7 ways to Set Your Compass for the New Year - you've learned the ropes, now set sail!If we just have one giant, 'I want to build a ship' bucket, it's hard to see where all that money is going to for the various elements we're going to need. (06:31)If you are more intentional about setting money aside ahead of time, you can add a lot more happiness to your life on a daily basis as well. (09:17)What parts are worth insuring? Hull of the ship, very very important. One of the nails the ship, really...
2022-02-2117 min
Enjoy More 30s: Family FinanceDiversify, But With One Advisor! | Series 6.7Spoiler alert: it doesn't mean having a bunch of accounts in a bunch of different places, making your life really difficult.So diversifying means that you're using a variety of different holdings across a variety of different areas. (04:24)...this is why when we spread things out, we're doing this because we don't want all of our investments to be dependent on how one area of the market happens to perform. (06:22)If you have two people putting together separate first aid kits, "Hey, Bob, and hey, Jane, each of you guys design your own first aid kit and bring...
2022-02-1410 min
Enjoy More 30s: Family FinanceInsure for Catastrophe, Not Inconvenience! | Series 6.6What parts of this ship are actually worth insuring?...from what I've many times seen, people tend to not insure for all the catastrophes that they should. They may insure their iPhone, but not their lives, for example. (05:29)Disability insurance on the other hand, because you are actually much more likely to be disabled than you are to die as a young person, it can be a little bit more [expensive]. But again, you can kind of tailor it any way you want. (06:38)And the line that I always share with young people is, and this is the...
2022-02-0710 min
Enjoy More 30s: Family FinanceYes, There Can Be TOO Conservative! | Series 6.5When to be more conservative, when to be more aggressive, and how to do so in a more balanced spread out way.Paying yourself first and separating out your goals is all well and good but if you're using inappropriate types of investments for certain goals, they may take much longer to achieve or even worse, perhaps you may never achieve them at all. (01:41)Sure, we don't want to be reckless in the ocean and sink to the bottom of the sea but at the end of the day, we also have to get to where we're going...
2022-01-3111 min
Enjoy More 30s: Family FinanceMoney Blocking for Fun! | Series 6.4Intentionally setting money aside for things you love ahead of time, can add a lot more happiness to your life!The goal really for today's episode is for you to think of ways to easily do more of the things you love without the anxiety that tends to come with it. (01:36)Money blocking is basically a term I came up with to describe intentionally setting aside or blocking money for certain items that make your life more enjoyable on a more daily basis. (02:25)With money blocking, what you could do is say take a piece of this bonus...
2022-01-2406 min
Enjoy More 30s: Family FinanceUse Lots of Buckets! | Series 6.3A favorite concept on organizing where you're saving to make goals easier to see and even more importantly, easier to achieve! If we have just one giant, 'I want to build a ship bucket', it's hard to see where all that money's actually going to go for the various elements that we're going to need. (02:09)The goal for this bucket [short term] is to keep what you have more than anything else, including growth or interest. (02:56)The next bucket is an intermediate term bucket. And for young people, this is generally a what you would call a general...
2022-01-1707 min
Enjoy More 30s: Family FinancePay Yourself First! | Series 6.2We need our ship to actually sail us to where we want it to go; the thing is, ships aren't free!So the goal for today's episode then is for you to be inspired to see how much you're currently saving towards you, towards yourself and if needed or possible, increase it so you can be on a faster pace to reach those goals. (01:33)So how much should you pay yourself every month? "How much am I worth?" I'd say the minimum is 5% of your gross income. (02:39)So what this says is that 36% of your gross monthly income...
2022-01-1007 min
Enjoy More 30s: Family FinanceGoal Setting Is a Two Spouse Exercise! | Series 6.1Get your list of goals for this New Year to find out where you both want your ship to sail.Goals are to give you a better chance of achieving something more quickly than you otherwise would have without goals. (04:50)What makes each of you happy now? (06:04)What would make you happier? (07:15)What keeps you up at night? (08:41)Quote for the episode: "So goals overall can be things to add to your happiness, or things that can also stop detracting from your happiness." (10:08)Securities offered through TFS Securities, Inc., and Advisory Services through TFS...
2022-01-0312 min