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The Financial Purpose Podcast

Dale Shafer II, CFP®, APMA®, CDFA®•thefinancialpurpose.substack.com
Business
Investing
Straight talk about aligning Business, Money, and Investing to your financial purpose.

thefinancialpurpose.substack.com
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Episodes

Ep 9: Where is the market headed in 2023?

Where is the market headed in 2023? The real question is where is the Fed going in 2023? One year ago, the Fed was suggesting that the inflation we were seeing was transitory. I was suggesting my clients that possibly it was not, and as it turns out inflation stayed around for all of 2022 and persists. This time last year, the federal funds rate was essentially 0.08%; it’s now sitting at about 3.78%. The last time we saw fed funds rate that high was all the way back in October 2005. US inflation...

Dec 22, 2022•47 min

Ep 7: Holidays and financial insecurity

The holiday season can be a time of joy and making new memories, or it can be a time of expectations that create stress and pressure around giving. This time of year can distort the heart vs wallet dynamic, which can lead to financial securities being expressed in a lot of different ways. In this episode we reflect on how the holidays have a unique way of exposing financial insecurities all over the wealth spectrum. Listen as I share my own financial insecurities tied to what I remember about Ch...

Dec 05, 2022•18 min

Ep 6: Credit cards? Yes, no, maybe, depends...

Articles cited: https://www.cnbc.com/2022/11/15/household-debt-soars-at-fastest-pace-in-15-years-as-credit-card-use-surges-fed-report-says.html https://libertystreeteconomics.newyorkfed.org/2022/11/balances-are-on-the-rise-so-who-is-taking-on-more-credit-card-debt/ https://fred.stlouisfed.org/series/PSAVERT This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com...

Nov 29, 2022•22 min

Ep 5: Crypto (won't say I told you so, but...)

In this episode I discuss the promises made and broken by crypto, as exemplified by the recent blow up of SBF and FTX. Also, how decentralization in crypto is a pipe dream thanks to the efforts of the NY Fed and large banks in creating a digital dollar pilot. Crypto is not living up to billing - and I won't say I told you, but it's pretty darn close. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.subst...

Nov 18, 2022•25 min

Ep 3: Better to have financial goals or financial direction?

One of the most common questions advisors ask prospective clients is: “what are your financial goals?” I happen to think it's a bad question. Financial services firms market a goal-centric approach to the general public. With this question, advisors are communicating that you need to have specific and well-defined financial goals in order to get somewhere. Let’s explore this concept and decide if it’s better to have a financial goal or a financial direction. This is a public episode. If you woul...

Nov 09, 2022•13 min

Ep 4: What is your financial purpose?

What exactly is financial purpose? It’s the underlying reason behind your financial decisions, rooted in your values and priorities. This goes beyond just dollars and cents, helping you make decisions that align with what matters most to you. By focusing on your financial purpose, we shift the conversation from affordability to achieving what’s truly important. Listen to discover how the core element of our approach to financial advice centers around your financial purpose. This is a public epis...

Nov 09, 2022•26 min

Ep 2: Right on Track?

In this episode I go back to November 2017 to establish a trend line from that time to November 2022. Given all the volatility since then, is the market actually right on track? One important note about trend lines: depending on where you draw them, you can communicate a variety of messages. This post gathers inspiration from this tweet: https://twitter.com/SouthernAdvicer/status/1587514476391469057 Be sure to check out the blog post for this podcast to see the charts and figures referenced: htt...

Nov 08, 2022•17 min

Ep 1: Set point theory

Have you ever heard of set point theory? At it relates to health, set point theory essentially states that your body has a normal set range for weight. Ever go on a cycle of diet and exercise, lose weight, only to see it return? Financial considerations are like bodies - everyone is different, and what works for some may not work the same for others. This is part of the work of financial planning - understanding how changes in your financial habits impact your financial health, and how you menta...

Nov 05, 2022•17 min
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