I can pretty much assure you that there is a distance between the life you live now and the life you dream of. In this series, you’ve learned to define your starting point, define your end goal and measure what you need to save in order to live that surplus or superfluent life. Now that you have your goal numbers …
Podcast Episode 67: Questions From Aviv’s New Book, Create New Futures
EPISODE SUMMARY Aviv Shahar is a former fighter pilot of the Israeli military, host of the Create New Futures Podcast and author of the book, Create New Futures. Aviv helps company executives become transformational leaders and to create new futures. In this episode I speak to him about how your present and future can update your past and how understanding …
Basics of Finance: Stocks
Here is part 2 in our Basics of Finance Video Series on Stocks. What are they, how do they work, is it different from an equity? Sound Financial Group President (now CEO) Paul Adams shares the answers to some frequently asked questions about investing in stocks.
Entrepreneurs: To Get the Life You Want, Breakdown the Costs
Many entrepreneurs today are going for a moonshot, trying to live a superfluous life — without specifically knowing what it takes to get there. This mindset is akin to agreeing to buy a house or car without examining price first. Before you start saving for the surplus or superfluous lifestyle (or even just the sufficiency lifestyle), you need to define …
Podcast Episode 66: What the 401(k) Part 3 – Optimizing Your 401(k)
EPISODE SUMMARY In part 3 of this series on 401(k) plans, Paul Adams talks about the importance of assessing your financial situation, how much you should begin contributing to your 401(k), how you should invest your money, and how to choose the taxation of the money. WHAT WAS COVERED 03:15 – How your money is separated from a timing perspective …
The First Step to Entrepreneurship: Map Your Life
Once you figure out your true net worth, it’s time to ask arguably the most important question any entrepreneur can ask themselves: what kind of life do you want? This doesn’t mean generally, such as “I’d like to have more money” or “I’d like to have more free time.” You need to outline exactly what you want. Do you want …
Podcast Episode 65: What the 401(k) Part 2 – Who Has an Interest in Your Participating
EPISODE SUMMARY Paul continues his discussion on the 401(k) and covers why both financial institutions and the IRS want you to put money into it. The 401(k) can actually be damaging to your financial future if you aren’t aware how to navigate it correctly. However, there are ways where you can make your 401(k) work for you, but you’ll have …
Why Entrepreneurs Fail to Calculate Their True Worth
When you’re an average Joe, calculating your net worth is simple. How much money do you have in your bank account? Subtract your liabilities (debt) from your assets (money and possessions), and there you go. However, if you’re an entrepreneur, the process can get foggy. Many entrepreneurs have no idea what they’re worth because they tie their business’ value into …
Podcast Episode 64: Your 401(k) and What It Means to Your Employer
There are three large groups out there who are deeply invested and interested in your 401(k). Paul Adams is here to shed some light on who those groups are, and what roles they play, when it comes to your money. Today’s episode dives into the 401(k) from your employer’s perspective. It’s important to have tools to help you navigate this …
Basics of Finance: Video Series Introduction
This is the first in our educational series, Basics of Finance, and what you can expect to learn over the course of this series.