Every retiree will need to make the important decision of when to start Social Security retirement benefits. In this episode we talk about some factors to consider when making that decision. I hope you find this episode helpful. Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Other Notable Episodes and Playlists: Learn More About Mike - https://www.youtube.com/playlist?list=PLfUhx9U6oZrMcVNERtM...
Sep 25, 2024•17 min
As the political rhetoric continues to increase, on this episode I talk about what history can teach us regarding the impacts of presidential elections and recessions on the stock market (and more importantly your investments) Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Other Notable Episodes and Playlists: Learn More About Mike - https://www.youtube.com/playlist?list=PLfUhx9U6oZrMcVNERtMO9...
Sep 18, 2024•17 min
This week, I talk about the evolution of your retirement plan, and outline the 4 different levels of plans: Defined Feasible Resilient Optimized I reference: The True Wealth Retirement Framework (link below) The Dept of Labor Data Management Maturity Model - https://www.dol.gov/agencies/odg/data-management-maturity-model Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Other Notable Episodes and...
Sep 10, 2024•21 min
This week, we begin talking about Retirement Planning. I address, The First Thing You Need To Know About Retirement…." In this episode I reference: Fritz Gilbert's Blog Post - https://www.theretirementmanifesto.com/6-lessons-from-6-years-of-retirement/ Thanks for listening and until next time... have a great day ~ Mike
Sep 03, 2024•16 min
In this week's episode, we're answering your questions. Questions on: Deferred Compensation Roth IRAs Buying / Renting Withdrawal Rates Our Next Goals Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com/conversation-with-mike/mtg True Wealth Assessment: www.truewealthfg.com/assessment...
Aug 28, 2024•21 min
In this week's episode, I want to answer the question, "How do I start my own financial plan?" I address the first 3 steps to get you on your path to enhancing your financial future. Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Show Website: www.truewealth.show Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com/conversation-with-mike/mtg True Wealth Assessme...
Aug 21, 2024•18 min
Three Types of Advisors…..huh? In this week's episode, I want to answer the question, "How do I find a financial planner?" I talk about the 3 different "types" of advisors, what to look for in a planner, resources to look at, and a recommendation on how to get started with one. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a gre...
Aug 14, 2024•28 min
In this week's episode, I want to answer the question, "what does financial planning entail?" A lot of people may think it to be worthless, but I think it's invaluable. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a great day ~ Mike...
Aug 08, 2024•13 min
In this week's episode, I want to answer the question, "what is financial planning?" I do that from two different defining approaches - one academic and one practical. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a great day ~ Mike...
Jul 31, 2024•14 min
Welcome to a True Wealth Show Replay: In this week's episode, I continue to explore money mindset and specifically talk about Identity. What it is and how it supports your wealth building efforts. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a great day ~ Mike...
Jul 24, 2024•19 min
Welcome to a True Wealth Show Replay: In this week's episode, I continue to explore money mindset and specifically answer the question of "what is the best belief you can have?" Additionally, I share 3 beliefs that will help your money (and really your life). I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a great day ~ Mike...
Jul 17, 2024•29 min
Welcome to a True Wealth Show Replay: In this week's episode, I want to explore the importance of money mindset. Mindset is the culmination of beliefs, perspectives, thoughts, and biases as they relate to money. Our mindset can plan a large part in our finances. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a great day ~ Mike...
Jul 10, 2024•17 min
Welcome to a True Wealth Show Replay: In this week's episode, I explain the benefits and value of having a compelling vision or "why" and how it will help your wealth building, retirement planning and life overall. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a great day ~ Mike...
Jul 03, 2024•21 min
In this week's episode, I discuss the 3 step approach to getting out of debt. While the steps are simple to understand, applying them can be a bit more challenging… but I believe you can do it! I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a great day ~ Mike...
Jun 25, 2024•26 min
In this week's episode, I discuss nine (9) reasons why I have not used a credit card in 17 years (essentially since 2007). I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for listening and until next time... have a great day ~ Mike
Jun 18, 2024•29 min
In this week's episode, I discuss the credit score - it's origin, it's composition, it's impact, and give an example in a different industry to illustrate the foolishness of it. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
Jun 11, 2024•21 min
In this week's episode, I discuss debt and how it's transferred the wealth in America from the People to the Institutions, how debt is a product sold by banks, how the interest rate affects the loan balance, and how much payments actually cost you over time. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
Jun 04, 2024•19 min
In this week's episode, I answer the question recently asked by a client of mine - Where is the best place to an emergency fund? I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike
May 28, 2024•17 min
In this week's episode, I discuss the first step you should take as you begin your wealth building journey. And it's probably simpler than you think!I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
May 21, 2024•14 min
In this week's episode, I discuss what financial independence is, how it's not a function of income, and the relationship in years to achieve financial independence. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
May 14, 2024•19 min
In this week's episode, I discuss the one thing you must absolutely do in order to build wealth. Without this, you'll never achieve the wealth you desire...... I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
May 07, 2024•14 min
In this week's episode, my wife and I continue to discuss our personal journey of becoming millionaires. Specifically we discuss what we did, the mistakes we made, and more. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
Apr 30, 2024•26 min
In this week's episode, I am joined by my wife, as we discuss our personal journey of becoming millionaires.I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike
Apr 23, 2024•18 min
In this week's episode, I discuss metrics--specifically metrics that matter as it pertains to building wealth. I talk about what a metric is, offer 3 suggestions for you to measure, and address why they are important. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
Apr 16, 2024•17 min
In this week's episode, I discuss "scam" insurances, or insurances that are positioned at lost costs to cover events which won't derive much economic value, and possibly could be self-insured. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
Apr 09, 2024•15 min
In this week's episode, I discuss long term care insurance - what it's for, general situations where you might consider it, how much one should have, and where to get it. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
Apr 02, 2024•14 min
In this week's episode, I discuss life insurance - what its for, the types of plans, how much one should have, and where to get it. Here is the Order of Transfer Show I mentioned: https://youtu.be/XWZmlOVFwFs I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
Mar 26, 2024•19 min
In this week's episode, I discuss disability insurance. Specifically, I address what it is, the different types of policies, the unique aspects of coverage, and the best places to get it. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Thanks for Listening and until next time... have a great day ~ Mike...
Mar 19, 2024•13 min
In this week's episode, I discuss auto insurance. Specifically, I address why state minimums may be inadequate, the different aspects of coverage, and the best places to get it. I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Until next time... have a great day. Thanks for listening ~ Mike...
Mar 12, 2024•13 min
In this week's episode, I discuss how to protect, what is for most people, their largest single asset, which is their home. I address: Why you need Homeowners Insurance The different aspects of coverage The best places to get it I hope you find this episode helpful. You can learn more at www.TrueWealth.Show If you have any questions or feedback, feel free to email them to mike@truewealth.show Until next time... have a great day. Thanks for listening ~ Mike...
Mar 05, 2024•15 min
