Oh, Behave!

I recently completed Shaping Wealth's "Building the Behavioral Advisor" program and it was one of the most transformative experiences of my career. My goal today is to talk with you about a few things I've learned and how they APPLY to our personal financial lives. I can't wait to share more of what I've learned and exercises to help you help yourself.</p>  </p> Questions? Email me: Mike@ngpfp.com</p>

00:12:55

What will the World Look Like in 5 years?

What might the stock market look like 5 years from now? If it's higher, then should you be buying or selling right now? Even if it were to go down 50% more from here, but 5 years from today it were higher, would buying be a mistake or a good decision? It's kind of an important question, isnt it?</p>  </p> Questions? Email me: <a href="mailto:Mike@ngpfp.com">Mike@ngpfp.com</a> </p>  </p>

00:11:27

How Do I Start Investing?

No matter where you find yourself in life, it's never too late to begin your investing journey. Whether you can start with $10 or $10 million, getting started can often be the hardest part. Here's the secret: It doesn't have to be that hard. </p>  </p> Questions? Email me: <a href="mailto:Mike@ngpfp.com">Mike@ngpfp.com</a> </p>  </p>

00:12:57

Does a Recession Really Matter?

Of course it does. But not being able to pay your bills during an economic expansion feels a lot worse than being able to pay your bills during an economic recession. This week, we talk about recessions, the effect on US stocks, and hot dogs. </p>  </p> Questions? Email me: <a href="mailto:Mike@ngpfp.com">Mike@ngpfp.com</a> </p>

00:09:03

The Declaration of Independence

This week I read the Declaration of Independence. This is not a political statement. I believe it's important to know how The United States of America began. We'll get back to personal finance next week. </p>  </p> Questions? Email me: <a href="mailto:Mike@ngpfp.com">Mike@ngpfp.com</a> </p>

00:09:08

Packing your Parachute

As we continue our conversation on planning for the event of sudden job loss, we dive into several insurance-related iems. We talk about health insurance options, like COBRA, and dive into life insurance as well. There's more to this conversation to come. </p>  </p> Questions? Email me: Mike@ngpfp.com</p>

00:10:51

Layoffs? Layoffs?! Are You Kidding Me?!?

Coach Jim Mora's response to a question about making the playoffs resulted in one of the funniest post-game interviews in the NFL. As news of layoffs continues to make the front page, we discuss a few elements of your compensation package that could require some planning in case you get the dreaded pink slip.</p>  </p> Questions? Email me: <a href="mailto:Mike@ngpfp.com">Mike@ngpfp.com</a> </p>

00:10:29

Fresh Debt

I'd prefer frozen in this case, but I found myself faced with a decision to liquidate hundreds of thousands of dollars of investments or borrow money. I chose the borrowing route, and while I think it was the right decision FOR ME, it doesn't come without risks and without me losing control of money. </p>  </p> Questions? Email me: <a href="mailto:Mike@ngpfp.com">Mike@ngpfp.com</a> </p>

00:10:05

The Media and Your Money

Media is a business, not a public service. The same is true for social media. Their goals are to extract as much profit as they can. Sensationalism sells, pragmatism doesn't. Next time you're listening to someone on TV talk about doom and gloom, remember that they don't care if you meet your goals or not. Only that you "pay" attention.</p>  </p> Questions? Email me: <a href="mailto:Mike@ngpfp.com">Mike@ngpfp.com</a> </p>

00:10:13

Dead Cat Bounce

Don't worry, this is still a personal finance podcast. Today we're talking about a phenomenon that can both help investors weather terrible downturns in stock prices, and pump-fake us into believing we're done with the selling. We've already had one such dead cat bounce in the market this year, and there could be more. </p>  </p> Questions? Email me: Mike@ngpfp.com</p>

00:11:16