The Money Alchemist Podcast

著者: Ben Jones & Brent Gargano
  • サマリー

  • Join two dudes, Ben and Brent, to discuss current market events and savvy financial strategies to build wealth consistently over time.
    The Money Alchemist 2023
    続きを読む 一部表示

あらすじ・解説

Join two dudes, Ben and Brent, to discuss current market events and savvy financial strategies to build wealth consistently over time.
The Money Alchemist 2023
エピソード
  • Giving & Legacy
    2024/10/25

    As we approach the end of the year and the season of generosity, it is appropriate to address the topic of gifting. Gifting money and assets is not as straightforward as it may seem. Assuming you will receive a tax deduction for charitable contributions is often incorrect and can result in a reduced charitable contribution than otherwise intended.

    Also, there’s no hard and fast rule that you must give to 501(c)(3) organizations. Sometimes effective giving means looking beyond the tax savings so see how you can effect the most good for the people around you. Join Ben and Brent as they delve into this subject and we hope you glean a thing or two from the conversation.

    ______

    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

    ______

    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

    ______

    Editor

    Trevor Gargano

    Trevor@nwmgadvisors.com

    https://www.linkedin.com/in/trevor-gargano-72727b67/

    ______

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

    続きを読む 一部表示
    52 分
  • How to Increase Your Income
    2024/09/27

    What is your default setting when confronted with the prospect of saving more? Do you immediately think about how you can cut expenses or do you think about different ways to increase your income? There is a limit to how much you can reduce your expenses, especially if you have dependents. Your ability to earn, on the other hand, is open ended. There are realistic limits, of course, but many never reach their true income potential. Join Ben and Brent as they discuss some different ways you can do this.

    ______

    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

    ______

    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

    ______

    Editor

    Trevor Gargano

    Trevor@nwmgadvisors.com

    https://www.linkedin.com/in/trevor-gargano-72727b67/

    ______

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

    続きを読む 一部表示
    1 時間 5 分
  • The Future Of Advice
    2024/09/07

    Low cost investment providers such as Vanguard have commoditized investing, pushing wealth managers to broaden their scope to deliver value. When “S&P and chill” effectively summarizes a sensible approach to wealth building, what more is there for advisors to do? Just as Warren Buffett’s advice “be fearful when others are greedy, and greedy when others are fearful” is easy in concept, difficult in application, so is optimal wealth management.

    Managing wealth effectively involves much more than selecting investments. It involves managing emotions, career, tax liabilities, and purpose. Growing advice practices have embraced all aspects of managing wealth using a holistic life coaching approach. Effective Advisors understand that there are just some needs the “S&P and chill” approach cannot address and seek to fulfill qualitative human needs.

    ______

    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

    ______

    Sources

    McKinsey & Company Wealth Management 2030 Study:

    https://www.mckinsey.com/industries/financial-services/our-insights/on-the-cusp-of-change-north-american-wealth-management-in-2030

    Summary:

    • 420k advisors in the US and Canada
      • 80,000 are CFPs
    • Advisors aging - down to 25% under 44 years old from 33% in 2010
      • 7,000 advisors expected to retire in the next 5 years
    • Advisors will need to cater more to Millenials and Gen X as wealth transfers
    • Planning is shifting to be more goal based, requiring the integration of behavioral coaching/mindset management
      • Only 39% of affluent families have a written financial plan
    • Fees are shifting to be more subscription focused or ongoing vs one time and commissions
    • Advisors are becoming more diverse - Women currently represent 33% but likely to be 50% over time, minorities currently 20% go to 40%, and 50% will be 30-40 years old
    • Advisors will shift from investment managers to focus on insurance, banking, healthcare, protection, estate, and tax.
    • Advisors will have more transparent user ratings, as opposed to word-of-mouth business
    • Successful advisory firms will be able to leverage technology to drive costs down to remain competitive as automated options become more prevalent
      • 2 models that can win:
        • Broader servicing larger amounts of clients at scale
        • Hyper focused planning for HNW clients - currently 60% of the revenue generated by advisors

    ______

    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

    ______

    Editor

    Trevor Gargano

    Trevor@nwmgadvisors.com

    https://www.linkedin.com/in/trevor-gargano-72727b67/

    ______

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

    続きを読む 一部表示
    50 分

The Money Alchemist Podcastに寄せられたリスナーの声

カスタマーレビュー:以下のタブを選択することで、他のサイトのレビューをご覧になれます。