PODCAST EPISODE 209: We Think They Should Build a Vacation Home, The Wall Street Journal Doesn’t

 

EPISODE SUMMARY

Topics Covered: The Wall Street Journal – “Can This Couple Afford to Build Two Vacation Homes? A Financial Adviser Weighs In.”

WHAT WAS COVERED

  • 00:00 – Episode begins
  • 00:35 – Paul welcomes listeners
  • 06:30 – Article Breakdown: “Can This Couple Afford to Build Two Vacation Homes? A Financial Adviser Weighs In.”
  • 19:15 – Discussing how term life insurance plays out.
  • 28:15 – the difference between “the math” and “your aims”.
  • 42:30 – Closing thoughts.

TWEETABLES

[Tweet “‘Can I afford it?’ is almost always the wrong question, the question should be ‘does this produce the best outcomes for the aims in my life right now?  #YourBusinessYourWealth”]

[Tweet “An asset is something that you can put money into, that will put money in your pocket now or money in your pocket in the future without changing your lifestyle. #YourBusinessYourWealth”]

[Tweet “Sometimes you don’t know what’s totally possible within your specific situation, until you find a collaborative coach who can do the math with you and that you demand that your advisors give you a look at the future you can see. #YourBusinessYourWealth”]

LINKS

Topics Covered: Article 1 – https://www.wsj.com/articles/can-couple-afford-two-vacation-homes-11631737223

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Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

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MUSIC CREDITS

Contains a sample of “King” by Zayde Wølf courtesy of Lyric House.

Full Episode Transcription

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC