Avoiding Society’s Money Traps | Deb Meyer & Kevin Reardon

Catholic Money Mastermind - Financial Planning conversations with Catholic CFP® Practitioners

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QUALIFIED: How Competency Checking and Race Collide at Work with Shari Dunn | 284 33:58

for 7 dager siden33:58

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33:58

In this episode, we delve into the concept of being "qualified" in the workplace, examining who gets labeled as such, who doesn't, and the underlying reasons. We explore "competency checking"—the practice of scrutinizing individuals' abilities—and how it disproportionately affects underrepresented groups, often going unnoticed or unchallenged. Our discussion aims to redefine qualifications in a fair, equitable, and actionable manner. Our guest, Shari Dunn , is an accomplished journalist, former attorney, news anchor, CEO, university professor, and sought-after speaker. She has been recognized as Executive of the Year and a Woman of Influence, with her work appearing in Fortune Magazine, The Wall Street Journal, Ad Age, and more. Her new book, Qualified: How Competency Checking and Race Collide at Work , unpacks what it truly means to be deserving and capable—and why systemic barriers, not personal deficits, are often the real problem. Her insights challenge the narratives that hold so many of us back and offer practical solutions for building a more equitable future. Together, we can build workplaces and communities that don’t just reflect the world we live in, but the one we want to create. A world where being qualified is about recognizing the talent and potential that’s been overlooked for far too long. It’s not just about getting a seat at the table—it’s about building an entirely new table, one designed with space for all of us. Connect with Our Guest Shari Dunn Website& Book - Qualified: https://thesharidunn.com LI: https://www.linkedin.com/today/author/sharidunn TikTok: https://www.tiktok.com/@thesharidunn Related Podcast Episodes: How To Build Emotionally Mature Leaders with Dr. Christie Smith | 272 Holding It Together: Women As America's Safety Net with Jessica Calarco | 215 How To Defy Expectations with Dr. Sunita Sah | 271 Share the Love: If you found this episode insightful, please share it with a friend, tag us on social media, and leave a review on your favorite podcast platform! 🔗 Subscribe & Review: Apple Podcasts | Spotify | Amazon Music…

for ca. et år siden 36:29

MP3•Episoder hjem

Key Takeaways:

• Asking “Where is God in my financial planning?”

• How to avoid get-rich-quick schemes.

• Consideration of how different emotions may play into your financial plans.

• How to choose your influences and avoid “keeping up with the Joneses.”

• What values you should outline for your finances and how to include faith.

Key Timestamps:

(00:00) - Emotional Influences on Financial Decisions

(02:44) - Fear and Greed in Financial Planning

(06:35) - Personal Stories of Financial Mistakes

(12:07) - Marketing and Peer Influences

(22:05) - The Importance of Having a Financial Plan

(29:26) - Accountability and Support in Financial Planning

(35:21) - Conclusion and Contact Information

Key Topics Discussed:

Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances, Deb Meyer, Kevin Reardon, consumption, get rich quick, keeping up with the Joneses

Mentions:

Deb’s Website: https://www.worthynest.com/

Kevin’s Website: https://www.shakespearewm.com/

More of Catholic Money Mastermind:

Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

Are you looking to hire an advisor? Browse our members.

https://catholicfinancialplanners.com/members/

Are you a Financial Advisor who is serious about the Catholic Faith? Join our network and email info@catholicfinancialplanners.com

50 episoder

#Trading #Religion #Christianity #Business #Catholic Financial Planners Network #Catholic #Catholic Financial Advisor #CFP®

Avoiding Society’s Money Traps | Deb Meyer & Kevin Reardon

Catholic Money Mastermind - Financial Planning conversations with Catholic CFP® Practitioners

published for ca. et år siden

Del

MP3•Episoder hjem

Key Takeaways:

• Asking “Where is God in my financial planning?”

• How to avoid get-rich-quick schemes.

• Consideration of how different emotions may play into your financial plans.

• How to choose your influences and avoid “keeping up with the Joneses.”

• What values you should outline for your finances and how to include faith.

Key Timestamps:

(00:00) - Emotional Influences on Financial Decisions

(02:44) - Fear and Greed in Financial Planning

(06:35) - Personal Stories of Financial Mistakes

(12:07) - Marketing and Peer Influences

(22:05) - The Importance of Having a Financial Plan

(29:26) - Accountability and Support in Financial Planning

(35:21) - Conclusion and Contact Information

Key Topics Discussed:

Mentions:

Deb’s Website: https://www.worthynest.com/

Kevin’s Website: https://www.shakespearewm.com/

More of Catholic Money Mastermind:

Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

Are you looking to hire an advisor? Browse our members.

https://catholicfinancialplanners.com/members/

Are you a Financial Advisor who is serious about the Catholic Faith? Join our network and email info@catholicfinancialplanners.com

50 episoder

#Trading #Religion #Christianity #Business #Catholic Financial Planners Network #Catholic #Catholic Financial Advisor #CFP®

Alle episoder

1
Alternative Investing: Real Estate, Municipal Debt & Private Lending | Logan Moore 41:50

for 7 dager siden41:50

41:50

Today, we feature Logan Moore, who is a CFA charterholder from Kansas City, who shares his expertise on alternative investments and his professional journey. Logan discusses his experience managing high-yield municipal bonds, transitioning to commercial real estate, and co-managing a fund focused on real estate syndications. Alternative investments, which include real estate, private equity, and venture capital, offer potential for higher returns but involve greater risk, complexity, and limited liquidity, often requiring accredited investor status. Logan helps investors and advisors conduct due diligence and integrate alternatives into portfolios, with expected returns typically ranging from high single digits to high teens based on the investment type. The discussion emphasizes the need for guidance in this complex space, the importance of diversification, and the value of faith-based investing, underscoring the collaboration between specialists like Logan and financial advisors to make informed decisions. Key Takeaways: • Specialized advisors, like Logan, collaborate with financial planners to guide investors through the complexities of alternative investments, ensuring decisions align with long-term goals and risk tolerance. • Logan’s professional journey from municipal bonds to real estate and beyond. • The variety of alternative investments available, like venture capital, private equity, and real estate. • Logan emphasizes the role of values and faith in investment decisions, highlighting the importance of aligning financial goals with personal beliefs. • Alternative investments typically involve greater risks and reduced liquidity but offer the potential for higher returns, often ranging from high single digits to high teens, with returns reflecting the level of risk. • Fees, taxes, and potential risks are pivotal factors in evaluating alternative investment opportunities, underscoring the need for comprehensive due diligence. Key Timestamps: (00:00) - Meet Logan Moore, CFA (02:12) - What is the CFA Designation? (12:50) - Exploring the World of Alternative Investments (29:00) - Balancing Risk and Return (39:56) - Connecting with Logan Key Topics Discussed: Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances, alternative investing, Alts Eval LLC, real estate investing, high net worth investing, venture capital, startup investing, CFA, Chartered Financial Analyst Mentions: Website: https://altseval.com/ More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Are you looking to hire an advisor? Browse our members. https://catholicfinancialplanners.com/members/ Are you a Financial Advisor who is serious about the Catholic Faith? Join our network and email info@catholicfinancialplanners.com…

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Avoiding Society’s Money Traps | Deb Meyer & Kevin Reardon 36:29

for ca. et år siden36:29

36:29

Today, I’m joined by Kevin Reardon and Deb Meyer to discuss how emotions, societal pressures, and behaviors shape our financial decision-making, especially as Catholics. We explore how fear, greed, and herd mentality can lead to poor financial choices and stress the importance of discipline, diversification, and aligning our actions with core values and faith. Drawing from personal stories, we emphasize the value of creating a clear, personalized financial plan to resist consumer-driven urges and external expectations, like "keeping up with the Joneses." As financial advisors, we see our role as fostering accountability, promoting long-term financial health, and helping clients strike a balance between enjoying life now and securing their future—all while trusting in God’s providence to guide the journey. Key Takeaways: • Asking “Where is God in my financial planning?” • How to avoid get-rich-quick schemes. • Consideration of how different emotions may play into your financial plans. • How to choose your influences and avoid “keeping up with the Joneses.” • What values you should outline for your finances and how to include faith. Key Timestamps: (00:00) - Emotional Influences on Financial Decisions (02:44) - Fear and Greed in Financial Planning (06:35) - Personal Stories of Financial Mistakes (12:07) - Marketing and Peer Influences (22:05) - The Importance of Having a Financial Plan (29:26) - Accountability and Support in Financial Planning (35:21) - Conclusion and Contact Information Key Topics Discussed: Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances, Deb Meyer, Kevin Reardon, consumption, get rich quick, keeping up with the Joneses Mentions: Deb’s Website: https://www.worthynest.com/ Kevin’s Website: https://www.shakespearewm.com/ More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Are you looking to hire an advisor? Browse our members. https://catholicfinancialplanners.com/members/ Are you a Financial Advisor who is serious about the Catholic Faith? Join our network and email info@catholicfinancialplanners.com…

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How Much is Enough? | Brian Wayne 41:57

for ca. et år siden41:57

41:57

Today, Brian Wayne from LifeGuide Financial Advisors joins Ben Matinek to explore integrating Christian principles into financial planning, emphasizing faith, stewardship, and intentional living. Drawing on themes such as evangelical poverty, detachment, and trust in God’s providence, the discussion highlights the importance of aligning finances with one’s spiritual purpose. Inspired by examples like Rick Warren and saints such as St. Francis of Assisi, Ben and Brian underscore setting "financial finish lines" for spending and saving to foster generosity, spiritual growth, and contentment. They combine practical financial strategies with theological insights, encouraging Christians to view wealth as a tool for charity and service rather than accumulation, ultimately promoting lives centered on holiness and eternal impact. Key Takeaways: • Wealth is seen as a gift from God but requires detachment to avoid excess. Faith calls for a balance between providing for oneself and being open to charity. • These emotions often block openness to others and trust in God’s providence, underscoring the need for sacrificial generosity and faith. • Greed focuses on acquiring more, while fear revolves around financial insecurity. Both hinder faith in God's providence and the ability to serve others. • A 10% tithe is viewed as a starting point for detachment and generosity, with openness to God calling for more. • This concept aligns with biblical teachings, such as the parable of the rich fool, emphasizing reliance on God rather than excessive storage or hoarding. • Figures like St. Francis of Assisi exemplify evangelical poverty, trusting in God’s provision and focusing on holiness rather than worldly achievements. Key Timestamps: (00:00) – Brian Wayne from LifeGuide Financial Advisors (01:50) – Balancing Wealth and Holiness (05:00) – Incorporating Evangelical Counsels (07:12) – Poverty and Charity in Christian Life (09:32) – Practical Reflections on Wealth and Fear (13:54) – Examples of Saints and Poverty of Spirit (19:17) – The Greater Good of Detachment (22:12) – Practical Considerations for Financial Planning (23:40) – Establishing Financial Finish Lines (33:31) – The Savings Finish Line (37:34) – Christian Financial Goals (40:13) – Conclusion and Contact Information Key Topics Discussed: Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances, Evangelical poverty, Brian Wayne, LifeGuide Financial Advisors, Charity, Greed and Fear Mentions: Website: https://lifeguidefa.com/team/brian-wayne/ Mentions: https://www.vatican.va/archive/hist_councils/ii_vatican_council/documents/vat-ii_const_19641121_lumen-gentium_en.html https://www.biblegateway.com/passage/?search=Matthew%205%3A1-12&version=RSV https://www.biblegateway.com/passage/?search=2%20Timothy%204%3A6-8&version=RSV https://www.biblegateway.com/passage/?search=Luke%2012%3A13-21&version=RSV https://www.youtube.com/watch?v=waHqUtpt2xg More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Are you looking to hire an advisor? Browse our members. https://catholicfinancialplanners.com/members/ Are you a Financial Advisor who is serious about the Catholic Faith? Join our network and email info@catholicfinancialplanners.com…

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Slow, Steady Wealth Accumulation | Robert Franer & Tyler Meyer 38:42

for ca. et år siden38:42

38:42

Today we’re joined by financial advisors Robert Franner and Tyler Myler to discuss strategies for long-term wealth accumulation, emphasizing the importance of starting early, automating savings, and maintaining consistent habits. They highlight the power of compound interest, using goals like saving $100,000 by age 30 to demonstrate how early contributions grow significantly over time. They share an example of a couple who built $2 million in wealth through steady savings, emphasizing that financial independence is achievable with discipline and personalized planning. The advisors also caution against overly aggressive saving, which can compromise quality of life, and stress balancing savings with lifestyle. For those pursuing substantial wealth, they suggest entrepreneurship or high-reward investments, while noting the risks involved. Ultimately, they advocate for gradual, realistic savings goals and encourage consulting financial advisors for tailored guidance. Key Takeaways: • Starting early with consistent saving is crucial for long-term wealth accumulation due to the benefits of compound interest, allowing smaller contributions to grow significantly over time. • Setting early financial goals, like accumulating $100,000 by age 30, can provide a strong foundation for future retirement funds and ease financial burdens later on. • A high but balanced savings rate, like 15% of income (especially with employer matching), is an effective way to build retirement funds without sacrificing current quality of life. • Caution is advised against overly aggressive saving, as it may lead to a scarcity mindset or compromise on living standards, impacting mental and emotional well-being. • A gradual, practical approach to saving is recommended, as drastic lifestyle changes can be challenging to maintain, and “braking” expenses later in life may be difficult. Key Timestamps: (00:55) Today's Topic: Accumulation Phase (02:21) Understanding Savings Rate (03:46) Wade Fowl's Research Insights (04:52) The Importance of Starting Early (09:47) Automating Your Savings (16:08) Achieving Financial Freedom Faster (20:38) Balancing Aggressive Saving and Enjoying Life (22:21) Personal Experiences with Saving Strategies (22:40) The FIRE Community and Different Saving Approaches (23:52) Challenges of Late-Life Saving (25:15) The Importance of Consistent Saving (32:43) Accumulating Wealth Through Entrepreneurship Key Topics Discussed: Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances, FIRE, savings plans, wealth accumulating, entrepreneurship Mentions: Castellum Financial Advice: https://www.castellumfinancialadvice.com/ QED Wealth Solutions: https://qedwealthsolutions.com/ Tyler: https://www.linkedin.com/in/tyler-meyer-cfp%C2%AE-clu%C2%AE-chfc%C2%AE-ricp%C2%AE-cltc%C2%AE-fscp%C2%AE-5bb9b994/ Robert: https://www.linkedin.com/in/franeriii/ Mentions: More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Are you looking to hire an advisor? Browse our members. https://catholicfinancialplanners.com/members/ Are you a Financial Advisor who is serious about the Catholic Faith? Join our network and email info@catholicfinancialplanners.com…

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A Philosopher’s Take on Faith and Finance | Nick Shiver 44:51

for ca. et år siden44:51

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Today, Ben discusses the intersection of philosophy and financial planning with Nick Shiver, a wealth advisor from Columbia, South Carolina. Both Ben and Nick hold master's degrees in philosophy, and their conversation explores how their philosophical backgrounds inform their current roles in financial advising. They reflect on the rigorous training in critical thinking and argumentation philosophy provided and its applicability to building comprehensive financial plans rooted in ethical considerations. The discussion also touches on how philosophical education serves as a solid foundation for personal and professional life, integrating rational inquiry with heartfelt guidance for clients. Through their exchange, they advocate for the value of philosophical education in enhancing communication, ethical reasoning, and holistic understanding in the financial sector, encouraging listeners to appreciate philosophy's broader impact beyond academia. Key Takeaways: • How does philosophy apply to financial advising? • Role of critical thinking and ethics in creating comprehensive financial plans. • Importance of clear communication in forming meaningful client relationships. • Reflection on philosophical questions related to truth, goodness, and human existence. • How seminary added to the formation of Ben and Nick’s philosophical mindsets. • Why you should spend time thinking about your personal philosophies, and be encouraging your clients to do the same. Key Timestamps: (00:00) - Meet Nick Shiver: Wealth Advisor and Philosopher (01:30) - The Journey into Philosophy (02:49) - Philosophy in Seminary Life (04:51) - The Practicality of Philosophy (12:02) - Ethics and the Pursuit of Goodness (18:57) - Philosophy's Impact on Financial Services (24:56) - The Value of Philosophical Education (35:21) - Final Reflections and Encouragement Key Topics Discussed: Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances Mentions: Website: https://www.calmwateradvisors.com/ LinkedIn: https://www.linkedin.com/in/nick-shiver-296b9a76/ More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Are you looking to hire an advisor? Browse our members. https://catholicfinancialplanners.com/members/ Are you a Financial Advisor who is serious about the Catholic Faith? Join our network and email info@catholicfinancialplanners.com…

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How to Become a Financial Adviser | Bryan Smalley, Lance Peters, Charlie Horonzy 41:01

for ca. et år siden41:01

41:01

Ben, along with advisors Bryan Smalley, Lance Peters, and Charlie Horonzy, provide valuable insights into the world of financial advising. The discussion covers the daily life of financial advisors, the industry’s various channels, client types, regulatory bodies, and the significant personal satisfaction derived from serving clients. They also explore the diverse paths to entering the financial services industry, including education, networking, and certifications. Inspirational pointers on thriving within the field, especially as a person of faith, are shared to guide aspiring financial advisors. If you’re considering a career change, or just want a little peek at the world of financial advising, this is the episode for you. Key Takeaways: • How are financial advisors regulated? • What are the day to day activities of a financial advisor? • What do Ben, Charlie, Bryan, and Lance enjoy most about this industry? • What’s the difference between a financial advisor and a paraplanner? • How does financial advising give an opportunity to make a difference in people’s lives? • What certifications will you need to become a financial advisor? Key Timestamps: (00:00:00) - Introduction (00:02:11) - Day-to-Day Life of a Financial Advisor (00:09:21) - Different Roles and Specializations (00:14:41) - Personal Connections and Client Relationships (00:23:35) - Getting Started in Financial Planning (00:28:30) - Specializations and Certifications (00:34:30) - Finding Your Niche (00:40:40) - Final Thoughts and Advice Key Topics Discussed: Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances, Bryan Smalley, Lance Peters, Charlie Horonzy, certified financial planner, regulations on planners Mentions: Website: https://catholicfinancialplanners.com/ Mentions: https://www.kitces.com/ https://retirementresearcher.com/ More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Are you looking to hire an advisor? Browse our members: https://www.catholicfinancialplanners.com/financial-planners/ Are you a Financial Advisor who is serious about the Catholic Faith? Join our network: info@catholicfinancialplanners.com…

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Listen, Listen. Love, Love. | Joe Petry 46:17

for ca. et år siden46:17

46:17

Joe Petry, a fellow member of the Catholic Financial Planners Network and founder of Mayfair Financial, shares his journey from economist to financial planner, motivated by his firsthand experience with retirement and ministry. In this episode, Joe emphasizes the importance of empathy, trust, and integrating faith into his work. From working with a refugee support initiative and the Kairos prison ministry to his time teaching economics at the university level, Joe brings a wealth of empathy and knowledge to his work. His experiences have deepened his understanding of compassion and the significance of treating others with dignity, which he applies to his role as a financial advisor, particularly in helping clients navigate the psychological and financial challenges of retirement. If you’re looking to learn how ministering and financial planning go hand in hand, this is the episode for you. Key Takeaways: • How Joe went from economist to financial planner. • How Joe’s experience ministering to Afghan refugees informs his work as a financial planner. • What is an ACTS Retreat? • What it’s like to minister in the prison system. • How God’s love can help us become better financial planners. • Joe’s mantra, “Listen, listen. Love, love.” Key Timestamps: (00:00) – Joe's Background and Career Shift (05:33) – The Role of a Trusted Financial Advisor (08:52) – Joe's Ministry Work with Refugees (16:18) – Integrating Faith and Financial Planning (23:09) – Ego and God's Work (24:51) – Kairos Prison Ministry (25:41) – ACTS Retreats: A Path to Vulnerability (30:36) – Connecting Ministry to Financial Advising (34:05) – Transformative Experiences in Prison Ministry (42:55) – Listen, Listen, Love, Love Key Topics Discussed: Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances, Joe Petry, prison ministry, ACTS Retreat, refugees Mentions: Website: https://www.mayfair-financial.com/ Mentions: https://www.actsmissions.org/about/ More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Are you looking to hire an advisor? Browse our members…

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Investing 101: Stocks, Mutual Funds, and ETFs Explained | Nick Orenduff 40:51

for ca. et år siden40:51

40:51

In this episode of the podcast hosted by Ben Martinek from the Catholic Financial Planners Network, guest Nick Orenduff of Orenduff Associates shares his insights on various investment vehicles and the importance of diversification. They discuss the differences between stocks, mutual funds, ETFs, and bonds, highlighting the roles these instruments play in a diversified investment portfolio. The conversation also covers the distinctions between fixed income investments and stock ownership, explaining the purposes and benefits of each. Additionally, they emphasize the significance of long-term investing and prudent financial planning for achieving financial freedom, particularly as one approaches retirement. If you’re looking for a quick introduction to investing, this is the episode for you! Key Takeaways: • What’s the difference between stocks, mutual funds, ETFs, and bonds? And how do I know which investment vehicle is right for me? • How diversification and long term thinking will lead to success. • How Isaac Newton got swept up in the stock market. • Why are bonds less popular than stocks? And what are their benefits? Key Timestamps: (00:00:00) - Introduction (00:01:34) - Nick's Journey in Financial Planning (00:02:42) - Understanding Investing (00:07:16) - What is a Stock and Why Do Companies Sell It? (00:16:59) - Mutual Funds and ETFs Explained (00:24:19) - Exploring Fixed Income Investments (00:29:00) - How Can Bonds Serve Investors? (00:31:26) - The Importance of Diversification (00:34:08) - Letting the Markets Work for You Key Topics Discussed: Catholic Money Mastermind, Catholic financial planning, Catholic financial planners, Catholic financial advisors, Ben Martinek, faith and finances, Nick Orenduff, Orenduff and Associates, stock market, ETFs, bonds, investments Mentions: Nick’s Website: https://www.planmember.com/orenduff/ More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Are you looking to hire an advisor? Browse our members. https://www.catholicfinancialplanners.com/financial-planners/ Are you a Financial Advisor who is serious about the Catholic Faith? Join our network. info@catholicfinancialplanners.com…

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Income Tax Efficiency | Charlie Horonzy 38:53

for ca. et år siden38:53

38:53

We’re all going to pay taxes, but knowing how the system works can prepare us for retirement with a little more money in our savings accounts. Today’s guest, Charlie Horonzy, returns to discuss the ways we can use the tax code to our advantage. We discuss how tax planning is one of the most critical aspects of financial planning, how much better retirement can be when well-planned for, and when you should be paying taxes now vs later. Charlie gives some great examples of how the Tax Cuts and Jobs Act can benefit different people depending on their tax bracket and why an emergency fund is an important part of tax planning. Near the end of the episode we discuss why your planner and your accountant must be communicating, in order for you to get the best deal on your taxes - without any surprises. This episode is a great listen for anyone ready to dig a little deeper into their tax plans. Key Takeaways: • How saving a few percentage points on taxes each year will pay off in the long run. • Should you pay taxes now or later? And what savings plans are going to be right for your situation? • How different accounts and careful reading of documents can save you a lot of pain. • Why you should ensure your accountant and your financial planner are communicating. Key Timestamps: (00:00:00) - Introduction (00:01:33) - Financial Planning is Tax Planning (00:06:23) - Taxes Now or Taxes Later? (00:10:17) - Tax Cuts and Jobs Act (00:15:12) - Tax Planning for Retirement (00:21:02) - How to Adapt Savings to Taxes (00:23:40) - How to Plan for Changes of Plan (00:28:22) - Emergency Funds for Tax Surprises (00:32:02) - The Backdoor Roth (00:35:10) - Your Planner and Accountant Need to Collaborate (00:37:49) - Charlie’s Closing Comments Key Topics Discussed: Catholic Financial Planning, Catholic Financial Advisors, Catholic Money Mastermind, Faith, Finance, Tax Cuts and Jobs Act, Roth IRA, 401k, tax deferred Mentions: Website: https://www.focusedupfinancial.com/ LinkedIn: https://www.linkedin.com/in/charles-horonzy-cfp%C2%AE-cpa-8802b910/ More of Catholic Money Mastermind: Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.…

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Usury: Are Interest Bearing Investments Ethical? | Jerod Frank 31:33

for ca. et år siden31:33

31:33

The nature of the sin called usury has its proper place and origin in a mutuum contract. Jerod Frank, a financial advisor and recent Catholic convert, shares his personal journey of grappling with the concept of usury within the context of ethical and moral investing. We answer questions such as should there be limits to profits? Jerod delves into the distinction between mutuum and societas loans, emphasizing the potential for perpetual indebtedness as the defining factor of usury. He also raises concerns about exploitative lending practices and the ethical implications of perpetuating a culture of living beyond one's means. Throughout the conversation, Jerod's authentic insights as a recent convert and financial advisor add depth to the discussion, highlighting the importance of aligning faith with professional conduct. The episode provides valuable insights into the concept of usury from a Catholic perspective, offering thought-provoking considerations for investors and financial professionals regarding the moral implications of interest-bearing investments and the broader impact on individuals and society making it a valuable resource for individuals seeking to understand the intersection of finance and ethics within the context of Catholic teachings. Key Takeaways: What is the concept of usury from a Catholic perspective and how does it impact modern financial practices? How can the teachings of the Catholic Church guide ethical lending and investing decisions? What are the potential ethical dilemmas associated with high-interest lending such as credit cards and payday loans? How can investors and financial advisors align their investment choices with principles of human dignity and the common good? What resources are available within the Catholic Church to deepen understanding of ethical financial practices? Key Timestamps: (00:00:00) - Introduction (00:01:27) - Jared’s Conversion to Catholicism (00:04:34) - Understanding Usury (00:08:50) - Issues with Usurious Transactions (00:12:42) - Understanding the Distinction of Collateralized Loans (00:13:35) - Evaluating the Morality of Interest Rates (00:17:33) - Bankruptcy as a Safeguard Against Usury (00:19:47) - The Moral Implications of Credit Card Lending (00:22:26) - Practical Implications for Investors (00:25:26) - Understanding Usury and Corporate Bonds (00:26:11) - Old Testament Laws and Financial Ethics (00:27:04) - Ethics in Financial Transactions Key Topics Discussed: Catholic Financial Planning, Catholic Financial Advisors, Catholic Money Mastermind, Faith, Finance, Usury, Usurious, Ethical Investing, Credit Card Lending, Perpetual Loans, Mutuum Contracts Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation. Approval Code: 6653099RG_May26 Mentions: Website: https://catholicfinancialplanners.com/members/jerodwealthcoordinationpartners-com/ LinkedIn: https://www.linkedin.com/in/jerod-frank/ Resources: https://www.newadvent.org/summa/3078.htm https://www.papalencyclicals.net/ben14/b14vixpe.htm https://zippycatholic.wordpress.com/2014/11/10/usury-faq-or-money-on-the-pill/#31 https://lendhopingnothing.wordpress.com/p…

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Planning for the Unknown | Sarah Kang 35:21

for ca. et år siden35:21

35:21

Sarah Kang is a Certified Financial Planner with UAK Diversified, a firm she runs with her husband. With a focus on the personal side of financial planning, Sarah brings her experience as a music teacher to planning in a way that allows her to break things down in a way that just makes sense. In this episode, Ben and Sarah discuss how helping people can be meaningful and how, even with uncertainty ahead, we can always create a plan, we just may need to pivot. If you’re looking for a light conversation about what it means to be a planner, this is the episode for you. Key Takeaways: How a love for music led to a love for finances. Financial planning is about peace of mind. How Sarah finds meaning in helping people with financial planning. How to plan for uncertainty (and keep it updated). Why it’s important to work as a team. How to keep your financial goals realistic. Mentions 🌐 Website: https://uakdiversified.com/ 👉🏼 LinkedIn: https://www.linkedin.com/in/pianist2/ More of Catholic Money Mastermind: https://www.catholicfinancialplanners.com/ Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.…

1
Home Calculator: Should You Rent or Buy? | Michael Acosta 37:53

for ca. et år siden37:53

37:53

With 9 years in the finance industry, Michael Acosta returns to the show with some insights on homeownership. Michael is driven to work for his clients with the guidance of his tag line “Prepare, Perform, Prosper”. Questions discussed in this episode include: Should you pursue homeownership? Is a home a good investment? And is renting bad? All that, and more on this episode of Catholic Money Mastermind . Key Takeaways: What makes renting is a good decision. When it can be worth it to buy instead of rent. What makes your home an investment? Why you may not want to look at your home as an investment. What variables to consider when deciding whether to rent or buy. How much should you be spending on your home? Mentions: 👉🏼 Michael Acosta: https://wealthtender.com/financial-advisors/michael-acosta-cfp-chfc/ 📚 Resource Name: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html More of Catholic Money Mastermind: https://www.catholicfinancialplanners.com/ Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.…

1
Is a Single Income Household Worth the Sacrifice? | Bryan Smalley 35:32

for ca. et år siden35:32

35:32

Bryan Smalley is a Certified Financial Planner (CFP) with a BA from the University of Toledo and an MA from Bowling Green State University. With a focus on “taking the scary out of retirement planning”, Bryan helps his clients focus on all the joys of retirement. Living in New Jersey with his wife and their 4 children, Bryan brings to this episode his perspective on having a single income household, homeschooling, and how these decisions impact your financial life. Of course, there’s more to life than just money, which Ben and Bryan discuss in this episode. Key Takeaways: Things to know before becoming a single income household. The benefits of one parent staying at home. Some surprising cost savings come with a reduction to a single income. How to test run a single income and prepare with a cushion. How private, public, or home schooling can factor into your decision. Mentions 🌐 Website: https://corient.com/find-an-advisor?search=bryan&advisor=Bryan+Smalley 👉🏼 LinkedIn: https://www.linkedin.com/in/bryandsmalley/ 📚 Is It Better for Moms to Stay at Home? | Deb Meyer: https://www.catholicfinancialplanners.com/is-it-better-for-moms-to-stay-at-home-deb-meyer-podcast/ More of Catholic Money Mastermind: https://www.catholicfinancialplanners.com/ Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.…

1
Praying with Your Planner | Lance Peters 39:33

for ca. et år siden39:33

39:33

With over 30 years of experience as a financial planner, Lance is one of the most experienced people in the Catholic Financial Planners Network. Lance is the Founder and CEO of Nautical Star Financial, whose name echoes Lance’s time in the Navy. In this episode, Lance tells Ben how he brings a Christian approach to financial planning - even praying with clients! If you’re looking for deeper insight on what it means to be a Catholic financial planner, this is the episode for you. Key Takeaways: How your financial advisor’s perspective will affect your planning. What it means to be a steward of your resources. How to find an advisor with the Christian mentality you’re looking for. How Lance involves prayer in his financial practice. Why everyone should know the regulations followed by their advisor. Mentions 🌐 Website: https://www.catholicfinancialplanners.com/members/tylerdrexeldayfinancial-com/ 🌐 Website: https://www.nauticalstarfinancial.com/ 👉🏼 LinkedIn: https://www.linkedin.com/in/lancepeters/ 📚 The Mission of My Life by Saint John Henry Cardinal Newman: https://www.dioslc.org/documents/139.pdf?v=20210308133704 📚 The 4 Pillars of Catholic Social Teaching | Tyler Hackenberg: https://www.catholicfinancialplanners.com/the-4-pillars-of-catholic-social-teaching-tyler-hackenberg-podcast/ 📚 A Mission of My Life PDF: https://drive.google.com/file/d/1NY7HdrAJuYqBtUYDwJpD_GvNMEpsEBR8/view More of Catholic Money Mastermind: https://www.catholicfinancialplanners.com/ Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.…

1
Holistic Life Planning and Assembling a Board of Directors | Anthony Guzman 39:48

for ca. et år siden39:48

39:48

Anthony specializes in holistic family planning with focus on early career and family, retirement transition, tax preparation, and real estate investing. Having always wanted to help as many people as possible, Anthony became a Certified Financial Planner (CFP) helping his clients with financial literacy - regardless of their wealth. In this episode, Ben and Anthony discuss holistic life planning, expanding beyond finances to touch on mental, emotional, spiritual, and relational health. If you’re looking to live a more fulfilling life and develop the financial skills to do it, this is a great place to start! Key Takeaways: Financial planning involves more than just money. Good financial planning starts with holistic life planning. In what do you find meaning in life? Anthony’s “Examination of Conscience”. What types of people you want to surround yourself with, as a sort of board of directors, to give a balanced approach to life. How to adopt your own “rule of life”. Mentions 🌐 Website: https://www.pioneerwealth.com/ 👉🏼 Anthony: https://www.catholicfinancialplanners.com/members/anthonypioneerwealth-com/ 📚 George Kinder: https://www.georgekinder.com/ More of Catholic Money Mastermind: https://www.catholicfinancialplanners.com/ Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.…

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Catholic Money Mastermind - Financial Planning conversations with Catholic CFP® Practitioners « » Avoiding Society’s Money Traps | Deb Meyer & Kevin Reardon

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Catholic Money Mastermind - Financial Planning conversations with Catholic CFP® Practitioners « »
Avoiding Society’s Money Traps | Deb Meyer & Kevin Reardon