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Creating Wealth

Bill Taber and Anastasia Taber, CFP®

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Creating Wealth brings you information and clarity to the world of investing and personal finance with your hosts, Anastasia Taber, CERTIFIED FINANCIAL PLANNER™, and Bill Taber, an investment advisor with over 40 years experience. The father-daughter pair answers your questions on how to invest, the psychological mindset it takes to create wealth, and dissects what you need to know about emerging financial trends.
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We revisit one of the core principles of Creating Wealth that is fundamental to wealth building: an abundance mentality. We discuss five reasons why you should have an abundance mentality and share our recent thoughts and advice in implementing this within your financial life. For any questions, comments, and to suggest topics for the podcast, you …
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What are the signs you are considering a magic bullet? We discuss why people are drawn to magic bullets when it comes to personal finance and share stories of how to identify them and understand them. What really matters when it comes to creating wealth? We share practical tips on how to implement the fundamentals to wealth building. For any questi…
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In today's rapidly evolving job market, navigating job transitions and career changes is becoming increasingly common. Whether you're contemplating a new career path, facing unexpected layoffs, or striving for advancement, managing these transitions effectively is crucial. We'll clarify how to identify new job opportunities, enhance your resume and…
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Creating Wealth has made it to 100 episodes! In this podcast, we're diving into the personal side of things--we'll discuss our podcasting journey over the last almost four years, what we've learned through this process, and what we hope for the next 100 episodes. We talk about how we were drawn to the financial services industry and how we learned …
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Social comparison is everywhere, but how does it affect your finances? Today we're diving into the topic of comparison--how common is it for millennials and Gen Z to compare their financial situations? What are some potential negative effects of comparing your finances to others? What are strategies to avoid overuse of comparision? Are there benefi…
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Annuities are not the simplest of investments to understand—yet they are definitely worth understanding! So today we’re going to discuss annuities, how they work, in what cases they make sense to buy—and when they don't. We’ll also discuss the questions you should ask before buying an annuity: How do I buy one? How are they taxed? We hope this epis…
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January is typically the time when people are thinking about goals for the year ahead. And a key component to accomplishing those goals is budgeting—one of our favorite topics! Join us as we discuss what we found interesting as we reviewed our 2023 budgets, and how we’re thinking about our budgets in 2024. We’ll also touch on the demise of Mint as …
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Why is it that negative headlines get way more attention than positive headlines? Join us as we revisit The Psychology of Money by Morgan Housel to discuss the chapter titled “The Seduction of Pessimism” and share our thoughts on the recent market downturn. We’ll also cover a recent Barron’s article titled “The Economic Cost of Unhappiness,” which …
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Raising kids is one of the most rewarding experiences in life. But it also comes with financial responsibilities and challenges—from diapers to daycare, and from college savings to family vacations. In this episode, we discuss the financial considerations that accompany starting a family. We explore budgeting, saving and investing for your children…
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Why does getting wealthy and staying wealthy involve two different skill sets? Author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, Morgan Housel says, "There are a million ways to get wealth, but only one way to stay wealthy." Join us today as we focus on a few particularly enlightening chapters from Housel's book, …
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Join us today as we provide an update on the progress of the Federal Reserve's journey to reduce inflation. We'll explore the implications of recent union strikes, the transformative role of artificial intelligence in the job landscape, and share savvy tips to navigate these soaring prices. As always, please consider sharing this episode with a fri…
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Younger generations are estimated to inherit as much as $70 trillion worth in wealth over the next 20 years. The questions are, what do you do with this money? How do you best honor the legacy of the inheritance while applying it in a way that aligns with your goals and values? Bill discusses what he's seen over his career of the five categories of…
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What is lifestyle creep and what are five ways to limit its impact on your financial journey? Anastasia and Bill explain the concept behind lifestyle inflation, describe its negative impact on personal finances when left unchecked, and provide actionable strategies for how to guard against it. For questions, comments, or topics, you can email us at…
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Bill and Anastasia discuss The Shred Method with Adam Carroll, who used this technique to pay off his mortgage quickly and save his family over $180,000 in interest. He is sharing this method to help others achieve more financial freedom within their lives. Adam also discusses strategies he used to successfully teach his children about personal fin…
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Bill and Anastasia continue their conversation on retirement to discuss what listeners should know about health care in this life stage. What is the difference between your healthspan and lifespan? How has health care in retirement changed and what are the challenges U.S. individuals face? Why is this important to know even when you are decades cha…
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Will the current working generations retire the word "retirement"? What might that look like? How will retirement look different for Gen X, millennials, and Gen Z compared to Boomers? Bill and Anastasia discuss how increasing longevity will impact retirement and provide practical strategies for how to prepare yourself for this evolution. Bill gives…
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What is imposter syndrome and how does it impact personal finance? Anastasia discusses factors that have contributed to imposter syndrome in millennials and how they have created a lack of financial and professional confidence. Bill provides thoughts on how common this psychological phenomenon can be across generations. They discuss how the pandemi…
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Risk tolerance isn't the most exciting topic, but it's absolutely fundamental to your investment strategy. Bill and Anastasia revisit this subject to explain why it's so important to understand your risk tolerance. Bill gives his thoughts on the current markets and provides multiple examples from his career for why misunderstanding your risk tolera…
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How can you tell if you are suffering from burnout? What are the symptoms and how do you address burnout and resolve it? Anastasia and Bill explain how burnout impacts your professional, financial, and personal life and share times in their lives when they experienced burnout. They also provide practical tips for how to recover from burnout. For a …
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To create wealth, you must have a fundamental understanding of your financial situation. Bill and Anastasia discuss many important questions to get you thinking about your money. Do you know how much money is coming in vs. going out? If your water heater died, how panicked are you? How much money would you get if you sold your house today? What's t…
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Here's your Motivation Friday! Bill and Anastasia discuss what it takes to increase your income, including tips on how to negotiate salary, networking, how to determine what skills and education are needed, navigating career transitions, and how to stay motivated to work towards your income and career goals. Anastasia describes how financial planne…
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The Artificial Intelligence revolution is here. Bill and Anastasia discuss the AI change, how fast this change is happening, and how to future-proof your career. They describe their interactions with ChatGPT and whether AI capabilities are something to fear, or something to figure out. They cover the open letter by the Future of Life Institute to h…
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Bill breaks down the timeline of events of the banking crisis that began in March 2023 and explains what happened. How big of a deal were the bank failures? Why did this happen? How much does this matter for you and the average investor? Bill gives his thoughts on whether we are heading for a recession while Anastasia manages to break down the very…
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Bill and Anastasia discuss how you can prepare financially for traumatic events, such as a job loss, injury, or the death of a spouse. Do single people need life insurance? Is disability insurance necessary? How do you decide who to choose for legal guardianship of your children? What are estate planning tools you need to consider? For questions an…
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Bill and Anastasia continue discussing emotion-based money topics by covering the four money beliefs that may form during childhood and how they can affect your approach towards money in adulthood, and ultimately your ability to build wealth. They discuss each money script using examples from Netflix shows and Bill's career. They then provide insig…
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Bill and Anastasia revisit a topic covered in one of Creating Wealth's first episodes "Discussing Finances with a Life Partner" to discuss the advantages that couples have in building wealth and how to end up on the same financial page with your partner. Why do spenders end up with savers and vice versa? How have macroeconomic trends affected mille…
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Since Creating Wealth's National Debt episode in 2020, the total U.S. national debt has increased from $24 trillion to $31.5 trillion. Bill describes what caused the increase and how this will affect the U.S.'s standing in the world, using examples from Britain and China to compare and contrast. Bill explains what may happen to entitlements and wha…
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Bill and Anastasia continue their January topic on budgeting (a key component of creating wealth) to discuss how their respective family budgeting and goal setting processes went this year. Anastasia mentions the spending category that took her by surprise and compares the practice to getting back into workouts. She shares responses from others on …
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When it comes to vacations, do you pay first, budget later? Bill and Anastasia discuss their favorite vacations (which happen to be their most expensive vacations) and their least favorite unexpected vacation expenses before diving into Bill's process in budgeting for a vacation. What are some ways to save money while traveling? How do you factor i…
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In practice of having an abundance mindset, Bill and Anastasia return to their end of year tradition (for the third year in a row!) to take stock of what they and others are grateful for in the past year. A special thanks to those who shared their messages of gratitude with Creating Wealth, and to healthcare workers who made sacrifices and risked t…
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You've heard of them in the news - what is a merger and why do they matter? Are mergers good for shareholders, managers, employees, or society? What is important to understand about mergers as an investor? Bill and Anastasia discuss Penguin Random House's bid to merge with Simon & Schuster, Elon Musk's takeover of Twitter, and DuPont and Pioneer's …
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How do you buy a car? Is it better to buy a new car or a used car? How much should you spend? In what cases should someone lease a car instead of buying? How do you negotiate with a car salesperson? What fees are attached to the car aside from the sticker price? Should you consider electric? Bill talks about his recent and past car purchases. Anast…
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What type of investor should hire a financial advisor and what can you expect from that relationship? Bill and Anastasia turn the spotlight on TABER Asset Management to discuss what services the firm offers and how they differ from other financial advisors. Anastasia asks whether investing in index funds is useful advice and Bill explains his activ…
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What has been the impact of rising interest rates on the economy? Will a recession happen and when? Should you buy a house now or wait until interest rates go back down? Bill and Anastasia revisit a topic covered in "Why Are Interest Rates Important to Investors?" from December 2021 to discuss the Federal Reserve's actions this year and their plans…
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Bill and Anastasia expand on a recent blog post on www.taberasset.com titled "How I Invest My Own Money" to provide three money management tips before discussing how Bill manages his own investments, which is the same approach he applies to clients' portfolios. Anastasia relates Bill's concepts to the Netflix reality TV show Bling Empire and George…
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In Part Two of this two part episode series, Bill and Anastasia continue to discuss findings from The Millionaire Next Door and its follow-up, The Next Millionaire Next Door by Thomas Stanley and his daughter, Sarah Stanley Fallaw. Which of the following three variables is the best predictor of consumption - income, net worth, or market value of yo…
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In Part One of this two part episode series, Bill and Anastasia discuss findings from The Millionaire Next Door and its follow-up, The Next Millionaire Next Door by Thomas Stanley and his daughter, Sarah Stanley Fallaw. Is wealth creation really about spending control, or how much wealth you start out with? Bill and Anastasia define and cover chara…
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In this episode, Anastasia shares the breadth of research she compiled on maternity leave policy in the United States. What is the Family Medical Leave Act (FMLA)? How does family leave policy differ in the U.S. from other countries? What are the benefits of maternity leave? What should you look for in a parental leave policy? Is it generally paid …
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Anastasia and Bill cover the psychology of investing aka behavioral finance. Anastasia explains how behavioral finance differs from traditional finance, and Modern Portfolio Theory, before diving into a discussion of common biases and how they can affect individual investors' decisions. Why is it important to be aware of potential biases? Bill rela…
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Bill and Anastasia cover a listener requested topic regarding the student loan debt crisis in the U.S. They tackle this issue through the lens of financial advisors looking at it on a macroeconomic scale--addressing how student loans grew into a crisis, the contributing factors, consequences, potential solutions, and what they think consumers shoul…
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There are over 200 designations and certifications that a financial services representative can hold, making it difficult for consumers to understand the differences between them. When did advisor credentials become so popular and why? What is the difference between a securities license and a certification? What should you be aware of when hiring a…
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Bill and Anastasia cover a concept everyone is familiar with but might not know how to explain - specifically, what are corporations? How are they related to other business entities like sole proprietorships, LLCs, LPs, etc? Who runs a corporation? What's the difference between a CEO, a COO, and a CFO? What power do shareholders have? Bill also pro…
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From the perspective of a financial advisor, Bill and Anastasia tackle the meaty topic of U.S. health care in this two-part episode series. In Part Two, Bill offers strategies that consumers can use to help mitigate the cost of health care. Bill and Anastasia touch on different health insurance options and the benefits of a HSA (Health Savings Acco…
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From the perspective of a financial advisor, Bill and Anastasia tackle the meaty topic of U.S. health care in this two-part episode series. In Part One, Bill covers reasons why the U.S. spends more on health care per capita than any country in the world. Additionally, why are Anastasia's friends receiving bills before insurance kicks in of $38,000+…
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With the recent stock market volatility, Bill and Anastasia set out to provide some perspective on persevering during the ups and downs. Bill discusses how investors and the overall market are feeling, how he is feeling personally, and how this volatile period compares to the rest of his career. Bill analogizes Mito Pereira's recent PGA Championshi…
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Bill explains the basic concept behind inflation, why core CPI is lower than actual inflation, how often inflation occurs, and how governments may stop it, before outlining steps that individuals can take to reduce the impact of inflation on their budgets. Bill answers the question of whether investing in the stock market is still a good way to com…
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Bill and Anastasia continue answering listener questions in this second of a two-part series. In Part Two, they discuss what to do if your significant other has different spending priorities, why a 401(k) plan is named "401(k)," how to know whether you are saving enough for retirement, when is a good time to set up a checking or savings account for…
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