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

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MUSIC CREDITS

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

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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:

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© 2020 Sound Financial Inc. yourbusinessyourwealth.com

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC

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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
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