PODCAST EPISODE 205 – How Target Date Funds Are Being Misused And What Millionaires Do Different.

ByPaul Adams

EPISODE SUMMARY

WHAT WAS COVERED

  • 00:00 – Episode begins. 
  • 00:35 – Paul Intros the show. 
  • 01:30 – Poking through Major Media News. 
  • 03:40 – Article Breakdown: “Many 401k Investors Don’t Use Target Funds The Right Way”. 
  • 10:00 – Article Breakdown: “The Ultra-rich Is Saving Their Money Instead of Spending Now The Middle-Class Is Buried In Debt”. 
  • 15:45 – Article Breakdown: “10 Golden Rules of Becoming A Millionaire”. 
  • 35:00 – Closing thoughts / looking forward. 
  • 37:50 – Show ends, thank you for listening. 

TWEETABLES

[Tweet “The headline of financial articles is not designed for you to ‘learn something’, you need to read and know the context.  #YourBusinessYourWealth”]

[Tweet “The riskiest thing you can do is take no risk #YourBusinessYourWealth”]

LINKS

Article Breakdown: the-10-golden-rules-of-becoming-a-millionaire

Article Breakdown: ultra-rich-saving-money-instead

Article Breakdown: many-401k-investors-dont-use-target-date-funds-the-right-way

Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling

Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

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

SHARE THE SHOW

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

Click this link – Your Business Your Wealth

Click on the ‘Subscribe’ button below the artwork

Go to the ‘Ratings and Reviews’ section

Click on ‘Write a Review’

MUSIC CREDITS

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

——————————————————————————————————————————-

Transcribed by https://otter.ai

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.

This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details:

yourbusinessyourwealth.com

© 2020 Sound Financial Inc. yourbusinessyourwealth.com

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC

Recorded using Switcher Studio: [email protected]

Avatar photo
Paul Adams

Author

Paul Adams

CEO & Founder

As CEO and founder of Sound Financial Group Paul leads a team of financial professionals dedicated to helping clients define their financial goals then developing unique, tailored strategies to reach them. Paul tells his clients often that they should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.

Financial Advisor
Disclosure

Related Posts

  • Podcast Episode 104: The Siren’s Song of More

    EPISODE SUMMARY In this episode, Paul speaks about the kinds of external pressures that push in on entrepreneurs that make them think they’re being as successful as they can be with their money, even though they may not be doing the right things that lead to long-term financial well being in their personal balance sheet. He explores what things business…

  • Podcast Episode 60: Outrageously Priced by Design Part 2

    EPISODE SUMMARY Paul Adams interviews Kevin Short, the Managing Partner & CEO of Clayton Capital Partners, and the author of Sell Your Business for An Outrageous Price. This is two of a two-part interview on Kevin’s process, and how he helps business owners get every last dollar from their hard-earned investment. Be sure to listen to last week’s episode before…

  • PODCAST EPISODE 217: Is the 4% Rule in Retirement Dead? Tips on 529 Plans

    EPISODE SUMMARY Experts say the 4% rule, a popular retirement income strategy, is outdated (By CNBC.com) Seven 529 Plans to Avoid (By Morningstar.com) This Retirement Myth Could Cost You $100,000 (By The Motley Fool) WHAT WAS COVERED [Tweet “The appeal to authority fallacy is that once someone is an expert I can turn off my brain and listen to their…

  • PODCAST EPISODE 183: What Is Your ROR On Home Equity? (Part 1)

    EPISODE SUMMARY There are many ways you can invest, save, and create wealth with assets. Today Paul and Cory kick off a new series discussing asset class investing. In this episode They breakdown two different mortgage strategies and talk down payment and how it affects your home equity. WHAT WAS COVERED TWEETABLES [Tweet “The person who puts more money down…

  • PODCAST EPISODE 323 – Why Going All-In on the S&P 500 Might Be a Big Mistake

    In this episode of More Than Commas, Cory Sheppard breaks down the risks of going all-in on the S&P 500, especially after its recent high-performing years. He explores how the index has become increasingly tech-heavy and dependent on the “Magnificent Seven,” making it more volatile than it seems. By examining historical data from different time periods—including the 2000s “lost decade”…

  • PODCAST EPISODE 225: Treasure Hunting, Bond Investing, and Unexpected Taxes.

    WHAT WAS COVERED [Tweet “Other investors’ behavior inherently affects you even with bonds. #YourBusinessYourWealth”] [Tweet “You can be a long-term buy and hold investor in a mutual fund, but things that other people do, including the fund manager, can generate a tax bill to you without you having sold anything.  #YourBusinessYourWealth“] [Tweet “Most clients we meet don’t need someone making decisions for…