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

ByPaul Adams

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

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

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 238: Crypto and Principles for Investing

    WHAT WAS COVERED [Tweet “Bitcoin has fallen 50% since its all time high 6 weeks ago. #YourBusinessYourWealth”] [Tweet “The 3 most common goals of any investment portfolio are: A positive expected return, mitigating uncertainty, and liquidity provision. Cryptocurrency lacks these proponents for investment. #YourBusinessYourWealth”] [Tweet “Volatility makes cryptocurrencies an improbable liquid solution for short term liquidity needs. #YourBusinessYourWealth”] LINKS Dimensional Fund Video – Crypto:…

  • PODCAST EPISODE 321 – Should you Die With Zero?

    In Episode 321 of More Than Commas, Paul Adams unpacks the core ideas of Bill Perkins’ book Die With Zero, which challenges the conventional wisdom of hoarding wealth for retirement. Instead, Perkins urges us to align our money, time, and energy with meaningful experiences during the prime years of our lives. Paul explores concepts like the “Fulfillment Curve,” “Memory Dividends,”…

  • PODCAST EPISODE 232: Ugly Retirement Decisions in a Wild Market!

    WHAT WAS COVERED [Tweet “One way that I cultivate contentment in my own life is looking back. I would rather be living today rather than any time in history, because the resources are so abundant. #YourBusinessYourWealth”] [Tweet “One of the best things you can do is own assets in an inflationary environment. #YourBusinessYourWealth“] [Tweet “Addressing Social Security literally has to happen or…

  • Podcast Episode 108: The Market Dropped!!!!

    EPISODE SUMMARY In this episode, Paul discusses the key force motivating people to abandon a disciplined strategy of keeping portfolios: market volatility. We learn that volatility is a great asset for portfolios, as long as we are prepared for it in the ways Paul describes. We explore the last 40 years of market volatility and examine what it truly means to…

  • PODCAST EPISODE 329 – Evidence-Based Investing with Dimensional Fund Advisors

    In this episode of More Than Commas, Elijah explains the philosophy behind evidence based investing and how it is foundational to Sound Financial Group. He highlights Dimensional Fund Advisors and discusses why their approach to investing matters. Learn how evidence based investment can help build confidence in your financial strategy. — This Material is Intended for General Public Use. By…

  • Podcast Episode 13: How to Recruit C-Suite Executive Superstars

    LISTEN HERE EPISODE SUMMARY Sound Financial Group (SFG) is excited to welcome you to Sound Financial Bites, where we bring you bite-sized pieces of financial knowledge to help you design and build a good life. In the 13th episode, Paul Adams, CEO and President of Sound Financial Group, chats with Paul Freed, Co-Founder and Managing Partner of Herd Freed Hartz,…