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When can you retire? What savings rate is needed to achieve a secure retirement? What impact will Social Security have on your retirement? What are the different retirement accounts that may be available to you? How do you balance other life expenses with saving for retirement, and how should you prioritize them? Bill relates his answers to his dec…
 
In practice of having an abundance mindset, Bill and Anastasia return to their end of year tradition in taking 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 continue to save lives. For questions and comments, you c…
 
What is an interest rate and why do investors pay close attention to them? In this episode, Bill and Anastasia discuss how interest rates affect stocks, bonds, and how the Federal Reserve's actions impact the broader economy. They cover what is going on with today's interest rates, how that compares to the historical average, and what investors sho…
 
This is a continuation of the conversation on investing styles from the previous episode (How Do You Invest?). In this second part, Bill and Anastasia cover several other concepts - sector funds, dollar cost averaging, margin of safety. And investing styles including momentum and contrarian investing. They discuss the importance of where you get yo…
 
What are the common obstacles that small business owners face? This is the second of a two-part series on starting and running your own business with special guest speaker, Bob Clements--Cofounder, Partner, and General Counsel of Benchmark Business Group. Part Two covers the obstacles that owners typically face as their business grows: For example,…
 
This is a two-part series on starting and running your own business with a special guest speaker, Bob Clements--Cofounder, Partner, and General Counsel of Benchmark Business Group. Part One covers what people should consider if they want to start their own business. Why would an individual prefer to be self-employed vs. work for someone else? In wh…
 
What is going on in the stock market? Before diving into the topic, Anastasia provides news updates relating to topics discussed in previous episodes: The Rise of GameStop (GME) Stock, Investing in Common Stock Part Two, and How to Pay for College. Bill and Anastasia then discuss inflation concerns, what the autumnal dip is and why it happens, the …
 
How can you fund attending college in the U.S.? Bill and Anastasia first discuss reasons why an individual should attend college and when they shouldn't, before launching into a discussion of the various ways you can save or pay for college if you are a U.S. citizen. How does FAFSA work? What type of student loans are available? How and when should…
 
Is investing the same as gambling? Bill and Anastasia dive into a topic that has come up in separate conversations with millennials about cryptocurrency trading. They start by defining investing, gambling, and speculating, then launch into a discussion of casino gambling, sports betting, why people may conflate investing with gambling, and why the …
 
What are the common financial concerns of those in their 60s and 70s? Bill and Anastasia tackle the third and final life stage to discuss common questions that individuals ask before, during, or after retirement. How should you balance your portfolio in this life stage? How do you receive Social Security benefits - do you have to register for it? A…
 
What are the common financial concerns of those in their 40s and 50s? Bill and Anastasia tackle the second of three life stages to discuss common questions that individuals ask in the middle of adulthood, sometimes called "The Sandwich Generation." How do you balance a family budget of food, utilities, travel, child care costs, assisting any aging …
 
What are the common financial concerns of those in their 20s and 30s? Bill and Anastasia tackle the first of three life stages to discuss common questions that individuals ask at the beginning of adulthood. When should you start saving for retirement? When you get married, how do you merge financial assets? If you have kids, how should you start fu…
 
In the last few years, cryptocurrency has become a full blown phenomenon. In Part Two, Bill and Anastasia discuss listeners' questions on the tax ramifications and liquidity of cryptocurrencies, and where they see cryptocurrency going from here. Stay tuned: Anastasia makes an important announcement near the end of their discussion. Since this is a …
 
In the last few years, cryptocurrency has become a full-blown phenomenon. Bill and Anastasia discuss Bitcoin and what makes people so excited, and concerned, about cryptocurrencies. Bill answers what makes cryptocurrency valuable and why it's different from any financial product he's ever seen before in his 42 year career. There was so much to cove…
 
What is the difference between income and wealth, and why is it fundamental to understanding wealth creation? What do people get wrong by focusing on income instead of wealth? Bill talks about the importance of building wealth for retirement and reiterates a formula introduced in the Season One episode "Spending Control" for determining how much yo…
 
What happens in the aftermath of a parent's death? What is an executor and what are they responsible for? How different is it to work with a non-family executor versus a family member who acts as one? How different is the process when a parent dies with a living spouse than when a widow/widower dies? Bill and Anastasia discuss the myriad of questio…
 
On TV, a lack of money is often used as an obstacle to challenge characters. Anastasia describes the money problems of characters in TV shows Breaking Bad, The Office, Gilmore Girls, etc and Bill suggests possibilities that the characters could have considered to avoid or resolve their financial difficulties, providing a few takeaways for real, non…
 
What are four simple actions you can take to increase your savings rate? Why is focusing on your savings rate so important? Do younger people struggle more with saving or is it a challenge for all ages? Bill provides an example from his career of someone who was frugal and diligent with budgeting. As the world exits the pandemic era, what should yo…
 
Bill applies his perspective of decades as an investment advisor to what happened with GameStop (GME-nyse) stock in late January 2021. What fueled the rise of GME? What made the event so unique and what are the implications for the financial industry moving forward? Bill compares GME stock to what happened with tulips in the Netherlands in the 1600…
 
Bill and Anastasia return to one of their favorite topics to discuss what goes into forming an annual household budget. How do you create a yearly budget? How do you budget for specific goals like going on a long vacation or a house renovation project? As a future-oriented thinker, Bill explains how he starts by visualizing goals before he sits dow…
 
What should you be doing to manage your 401(k)? How does active vs. passive investing apply to your retirement accounts? Bill provides some historical context for the rise of the 401(k) plan and a few important takeaways when it comes to saving for retirement. Anastasia discusses the various employer sponsored 401(k) presentations she's sat through…
 
Bill and Anastasia answer a listener question about credit reports before diving into a free-form discussion based on financial and lifestyle tips from famous experts known for their financial prowess. Bill talks about his career and finally achieving a role he loved. They discuss how hard work early in a career can open up opportunities later in l…
 
When should we focus on paying off debt and when can we start investing? Are there certain loans you need to pay down before you can really start putting money away towards investments? Bill and Anastasia discuss a common sentiment expressed by younger generations who are eager to build wealth and how to figure out what to prioritize. Bill mentions…
 
How important is thinking positively when it comes to creating wealth? How can you retrain your brain to think abundantly? In this follow-up to the third episode, "Having an Abundance Mentality," Bill and Anastasia discuss what it takes to think positively about your finances. Bill mentions examples of negative thoughts you or family members may ha…
 
How does Bill advise his clients when it comes to paying for adult children? What are the pros and cons of continuing to financially support children into adulthood? And for children, how important is it to discuss finances with parents, and when should that discussion begin? On the other hand, how do parents instill a sense of financial independen…
 
What should high income earners do once they have maxed out their tax advantaged accounts? What is a back door Roth? In what scenario should you invest in the stock market yourself and when should you consider hiring an investment manager? Bill and Anastasia continue their discussion from Investing in Common Stock, Part One to answer more specific …
 
How do you invest in the stock market and what is really important to keep in mind as you do? Bill and Anastasia follow up on the Intro to Investing episode with specific questions related to how an investor should approach the stock market and how to get started. Bill analogizes his favorite sport baseball to common stock selection. This is Part O…
 
What are the different kinds of financial professionals you can work with and how are they compensated? Bill and Anastasia discuss the duties of a financial planner, investment manager, asset manager, and wealth manager, as well as the differences between a Registered Investment Advisor (RIA) and a broker. This episode serves as a basic introductio…
 
How do you approach a discussion of financial habits and goals with your life partner? Bill and Anastasia discuss the importance of being on the same financial page with your partner and what that might look like. What if one person is a saver and the other is a spender? Bill describes some of the obstacles he has seen couples face and his joy in b…
 
How do you begin the practice of investing if you're new to it? Bill and Anastasia discuss the basics: How to get started with investments, when to hire an investment advisor (the three Ts), and why younger generations especially need to contribute to a 401(k) or other retirement savings account. For questions and comments, you can email us at askc…
 
What is having an abundance mentality and how does it relate to your finances? Bill and Anastasia discuss how thinking abundantly, or positively about money, can set you up for financial success. Bill shares a time in his life when he discovered the importance of having an abundance mentality and Anastasia shares her experience of thinking positive…
 
The COVID-19 pandemic has raised a series of questions of how people should approach personal finance. In this special episode, Bill and Anastasia discuss how their quarantines are going, how people should handle their finances during this time, and provide perspective on how this economic crisis relates to past ones. For questions and comments, yo…
 
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