The Reformed Financial Advisor is the project of Andy Flattery, a CERTIFIED FINANCIAL PLANNER™ in Kansas City, MO. This podcast is an exploration of financial heresies as they pertain to individual stock investing, bitcoin, laissez faire entrepreneurship, and the life well lived.
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Mary Sterk, CFP ®, is the owner of Sterk Financial Services (www.sterkfinancialservices.com), which is headquartered in Dakota Dunes, SD and has a second location in Kansas City. Mary’s inspirational story is one of fighting her way from Welfare to Wealth Management despite a teenage pregnancy, living in low-income housing, and raising two small children while subsisting on food stamps. Mary has received numerous awards including the Forbes Best-In-State Wealth Advisor and Forbes Top Women W ...
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When you're talking about holistic planning and you're trying to find that collaborative partner, it's important for you to find somebody to work with who acts as a fiduciary. A fiduciary is somebody who is bound by the highest legal duty to ethically act in the best interest of their clients. Every Sterk Financial Services client has access to an …
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Are your retirement ducks in a row? In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey discuss the main issues that face retirees and how to approach them so you can retire with confidence. Topics include:EmotionsHealth InsuranceMedicareNursing HomeAssetsIncomeLiquidityTaxesInvestmentsSkewStocks401(k)Risk…
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MONEY IN A MINUTE Celebrity Money Mistakes: Britney Spears
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#BritneySpears was very young when she hit fame and created a large amount of fortune. She had some very public meltdowns early on and her Father became the custodian of her money. Her long running battle to reclaim financial control spurred the fans group called “The #FreeBritney Movement.” Britney successfully petitioned the court to end the #con…
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Did you know you can reduce your taxes by making a QCD right out of your IRA? A QCD, also known as a Qualified Charitable Distribution, can be a great way to strategically reduce your tax bill. But there are nuances and rules surrounding it that are important to understand. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Ad…
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Valentine's Day is right around the corner and love is in the air! In this episode of "Money Guide with Mary Sterk", we talk about how you can show your love by making sure that your financial ducks are in a row so that your loved ones are all taken care of. Topics include:Life InsuranceBillsDebtMortality TableBenefitsEstate PlanningWillFinancial P…
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In this episode, I delve into optimizing life while leaving a meaningful legacy. I critique the "Die With Zero" concept, popularized by Bill Perkins and others. Perkins stresses intentional living by managing time, wealth, and health effectively, but at the expense of family wealth and legacy. I also explore the societal shift towards individualism…
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MONEY IN A MINUTE Disciplined Investment Methodology
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How do you know if your #investments are any good? Here’s the thing: #money doesn’t come with instructions. Creating and maintaining a strong #portfolio takes a lot of research and review. That’s why we developed our disciplined investment methodology. #holdings #wealth#moneyinaminute #forbes #financialplanner #investing #fiduciary #wealthmanagemen…
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MONEY IN A MINUTE New Year, New Financial Resolutions
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The #NewYear is here and 34% of #resolutions are financial-related. But here's the thing: only 39% of people in their twenties achieve their resolutions each year. If you're over 50, only 14% achieve their resolutions. Having somebody hold you accountable does improve your success rate. Here are some financial resolutions to consider.#creditscore #…
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#Oprah says when she's buying things, she asks herself this: “Do my things promote joy, beauty, and usefulness or are they just burdensome? I have decided to keep only that which delights me or enhances my well-being.” Do you own your stuff or does your stuff own you?#moneyinaminute #forbes #financialplanner #investing #fiduciary #wealthmanagement …
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MONEY IN A MINUTE 12-Month Financial Planner
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Let's kick your year off with a simple financial approach designed to last the year! #accountant #CPA #taxes #budget #debt #powerofattorney #moneyinaminute #forbes #financialplanner #investing #fiduciary #wealthmanagement #estateplanning #financialadvisor #high networth #retirement #401k #retirementplanning #assetmanagement #socialsecurity #moneyti…
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New Year - New Financial Resolutions 2024
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It's time to jump-start 2024! In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Julie Chadwick share smart resolutions for you to think about the year ahead and improve yourself from a financial standpoint. Topics include:Credit ScoreEmergency FundSavingsBeneficiariesPer StirpesWillTestamentary TrustPower of AttorneyS…
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MONEY IN A MINUTE Celebrity Money Mistakes: Jackie O
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What can we learn from #celebrity #money mistakes? Finish your #estateplanning. #JackieO has an eternal legacy of style. Unfortunately, her style was better than her estate planning #jackieonassis #jackiekennedy #moneyinaminute #forbes #financialplanner #investing #fiduciary #wealthmanagement #estateplanning #financialadvisor #highnetworth #retirem…
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Building Generational Wealth: A Catholic Perspective w/ Dorian Antešić
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In this episode of The Reformed Financial Advisor podcast, I explore the topic of family wealth from a Catholic perspective. My guest is Dorian Antešić, a finance professional and Croatia's Catholic bitcoiner. We discuss his graduate school thesis on family wealth, Bitcoin, how Tucker Carlson said inheritance is a huge problem, a Benedictine monast…
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#Investing mistakes can get magnified in times of #marketvolatility, and one major mistake people make is trying to time the #market. Sometimes you have to just remember that the slow and steady method of investing is historically what wins. It's not timing the market. It's time IN the market. #moneyinaminute #forbes #financialplanner #investing #f…
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Caring for an aging parent presents loving opportunities, but also can bring difficult challenges as you transition towards handling their finances. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Advisor Kelsey Bankey discuss various strategies to assist your aging parents with their finances - everything from bill paying to structu…
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Four Retirement Expenses That May Surprise You
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Planning for retirement? In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey discuss four retirement expenses that might catch you by surprise. Topics include:Medical CopaysHealth InsuranceMedicareLong-term CareAssisted LivingNursing HomeSubscribe to the “Money Guide with Mary Sterk” podcast on apple podca…
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It's Medicare Open Enrollment Time - and things just keep getting more confusing! In this episode of "Money Guide with Mary Sterk," Mary & Sterk Advisor Kelsey Bankey simplify many of the main points that are important to understand about the Medicare system. Topics include:RetirementIncomeSocial SecurityCapital GainsGross IncomeEmployersCaregiverD…
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MONEY IN A MINUTE Celebrity Money Mistakes: Nicolas Cage
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What can we learn from #celebrity money mistakes? Be careful who you trust when it comes to your financial planning. #nicolascage #hollywood #actor #moneyinaminute #forbes #financialplanner #investing #fiduciary #wealthmanagement #estateplanning #financialadvisor #highnetworth #retirement #401k #retirementplanning #assetmanagement #socialsecurity #…
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The Freedom to Have an Opinion | Isaiah Douglass
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I have a wonderful conversation with fellow Financial Advisor, Isaiah Douglass. We discuss: Building online Joining Swan Private Client Andy hates soccer/Isaiah likes soccer COVID breaking our brains How FAs simp for inflation Bitcoin and the american dream Episode page: www.simplewealthkc.com/post/the-freedom-to-have-an-opinion-isaiah-douglass Get…
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A successful company’s financial toolbox should contain more than your annual reports and profit forecasts. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Advisor Kelsey Bankey share six smart business strategies to enhance, protect, or transition your business. Topics include:StressAnxietyProductivity401kRetirementEmotionsFiduciary…
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A successful investor maximizes gain and minimizes loss. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Advisor Kelsey Bankey discuss 6 key principles that may help you invest more successfully. Topics include:CompoundingMutual FundReturnsWealthAsset AllocationDiversificationRetirementLiquidityPortfolioEmergency FundDollar Cost Aver…
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Navigating the complexities of Social Security can be confusing. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Advisor Kelsey Bankey clearly explain the basics of how Social Security works and the impact of your age on your benefits. Topics include:ssa.govBenefitsRetirementBreak Even PointDelayLongevityMaximizationDivorceWidowSurvi…
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MONEY IN A MINUTE What’s Your Money Philosophy?
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What’s your #money philosophy? At Sterk Financial, we design holistic, personalized strategies to help increase #investments, reduce #taxes and risk, optimize portfolio allocation, and create #income streams designed to last a lifetime. Our ultimate goal is to align your overall financial picture to support the life you want to lead. #moneyinaminut…
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MONEY IN A MINUTE Celebrity Money Mistakes: Heath Ledger
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What can we learn from #celebrity money mistakes? Have an updated will. #HeathLedger was an #AcademyAward winning #actor who failed to update an old will that was created before his daughter was born. As a result, his entire estate went to his parents and three sisters #moneyinaminute #forbes #financialplanner #investing #fiduciary #wealthmanagemen…
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"Bitcoin Monasteries" & Reclaiming the American Dream | Pablo Peniche
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I get into a wide ranging discussion with self-described techbro, Pablo Peniche. We discuss: Dropping out of college 3 times A vision for how Catholic monasteries could adopt bitcoin Obsessing over great cultures of the past without larping Peter Thiel's progress & decline thesis Gatsby, Elon, and fostering better elites The Sovereign Collective > …
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What money really does is fund the things that we value in this life. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey delve into what creates your money philosophy and how to align your money with what matters most. Topics include:WorkFamilyExperiencesFinancial PlanningRetirementTravelFishingCharityStu…
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A fire can devastate you financially. In this episode of "Money Guide with Mary Sterk," Mary shares valuable tips on what to store and how to safeguard your records so you stay financially fire-proof. Topics include:Risk AdjustmentHomeowners InsuranceRenters InsuranceReplacement CostMedical CoverageEmotionDocumentsMarriage CertificateDrivers Licens…
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John Mayer is Probably into Bitcoin | Mike Marion
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I have a conversation with Mike Marion about the anti-war movement and the great Ron Paul, before we shift into a celebration of recording artist John Mayer. Mayer is one of the essential artists of the last 20 years, comparable to my muse, Jack White, and someone we can learn from too. Episode page - www.simplewealthkc.com/post/john-mayer-is-proba…
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MONEY IN A MINUTE Investing in Times of Uncertainty: Emotions
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Wild swings in the market frequently lead to the biggest mistake that people make with their #investments - they let their #emotions rule their judgment. Whatever your emotions are telling you to do, it's probably a good decision to do exactly the opposite. #fear #greedBy Mary Sterk
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Back to School Special: Saving For College
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It's back to school time and college savings is on many people's minds. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey discuss several ways to save for college on a tax favored basis. Topics include:529 PlanTax DeductionsTuitionBeneficiariesAllocationEarningsHigher EducationEducationFundingFAFSAPolicy…
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Even if you have laid out a great retirement plan, anxiety and indecision can still get in your way of taking the big leap. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey talk about four common planning pitfalls that can veer you off track, and provide creative solutions to help you move forward with …
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People often hear about long term market averages and wonder why their portfolio isn't producing the same results. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Advisor Kelsey Bankey discuss ways to analyze your performance and holdings to try to boost your portfolio results. Topics include:OverlapPeer Group PerformanceMutual FundM…
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#Oprah says, “I've learned that yes, #wealth is a tool that gives you choices, but it can't compensate for a life not fully lived, and it certainly can't create a sense of peace within you.” We love this quote because it completely aligns with our #money philosophy at Sterk Financial - that the only thing money really does is buy you choices. #opra…
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MONEY IN A MINUTE Celebrity Money Mistakes: Prince
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What can we learn from #Celebrity money mistakes? #Prince taught us this: Have a Will!By Mary Sterk
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MONEY IN A MINUTE Celebrity Money Mistakes: Willie Nelson
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What can we learn from #Celebrity money mistakes? #WillieNelson taught us this: Don't Mess with the #IRS!By Mary Sterk
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Negotiating for assets is part of most divorces. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Advisor Kelsey Bankey will explain how assets differ in real value even if the monetary amount might look the same. Topics include:SettlementCollaborative DivorceAttorneyROTH IRAInvestmentsCapital Gains TaxTaxesProperty SaleHidden AssetsI…
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The Wall Street Journal featured Mary Sterk in a story about helping two sisters with their Estate Planning - listen to the podcast to hear how she worked with them to help figure out a way to minimize the impact of taxes. Topics include:WillFinancial Power of AttorneyHealthcare Power of AttorneyInheritanceBeneficiaryFuneralLife InsuranceLegacyReti…
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MONEY IN A MINUTE The Sterk Financial Difference
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Here’s the thing: money doesn’t come with instructions. You need a path. You need a strategy. This explains the Sterk Financial motto in a nutshell: Plan. Protect. Grow.Securities and Investment Advisory Services are offered through Woodbury Financial Services, Inc., Member FINRA/SIPC. Insurance offered through Sterk Financial Services which is not…
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Are you ready to sell your business? For many people, your business is like your baby - and it's hard to part with it! In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey discuss critical components of a business sale - from determining the value to structuring the sale to managing family dynamics after th…
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Are you covered? Are you sure? A strong #insurance plan will make sure your risks are limited, or in some cases completely eliminated. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey explore how different types of #risk can affect your #financial situation, and how to make sure your risk gaps are adequ…
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Books that Turned Me From Financial Advisor Skeptic to Bitcoin Advocate
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My descent into bitcoin madness happened gradually, then suddenly. I comment on the books that I read on my way from agnostic to bitcoin maximalist. Books discussed: The Church and the Market - A Catholic Defense of the Free Economy - Thomas E Woods Jr. You Can Be a Stock Market Genius - Joel Greenblatt The Driver - Garet Garrett The Bitcoin Standa…
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The prospect of retiring raises some big fears. What if I run out of money? What if I have a major health issue? Are my investments set up right? In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor, Kelsey Bankey, discuss strategies for retirement income to help you feel confident when you are ready to stop working. Top…
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What We Have Been Reading | Brian O'Leary
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Warren Buffett says to read 500 pages a week. Yet The Atlantic recently reported that kids aren't "following in love with reading" anymore... what gives? Brian O'Leary joins me to launch a sermon on the value of reading right now and then we launch into our list. Books discussed: The Crusades - Thomas Asbridge Capone The Franco Regime - Stanley Pay…
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You're getting married! Finances are a major part of your new union. Each person brings their financial background, money philosophies & spending habits into the new marriage. Good communication and planning is the key to a healthy financial future together. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Ban…
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Budget-Friendly Ways to Entertain Your Grandkids this Summer
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Summer can get really expensive when the grandkids come to stay! In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey offer some budget-friendly ideas to enjoy the lazy summer days with those grandkids you love - without breaking the bank! Topics include:GamesTreasure HuntScavenger HuntNatureParkMovie Marat…
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Managing your investment portfolio has a lot of moving pieces. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey discuss key pieces of strong portfolio management and share strategies to avoid common pitfalls that investors commonly make. Topics include:Risk Tolerance LevelMorningstarMotley FoolStock Pic…
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Drowning in debt? Or perhaps you just want to get a better handle on how to manage the debt you have. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey present simple strategies to manage your debt in effective ways. Topics include:Home EquityStudent LoansDave RamseyDebt SnowballInterest RateExcel Spread…
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Life happens. Job layoffs, sickness, divorce… unexpected events can pop up and derail your financial life. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey dive into four common life events, sharing strategies to cope with the challenge and help you land on your feet. Topics include:BudgetIncomeExpenses…
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Hail, Caesar!, Tally Ho Yacht Guy, & the Dignity of Work
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Andy Flattery does a solo mixtape episode commenting on the Coen Brothers' "Hail, Caesar!," the craftsmanship of Tally Ho Yacht restoration project, and Fr. Paul Scalia's lecture on leisure, the basis of culture. In making these connections he attempts to unpack the tension between workaholism, the dignity of work, diligence, and sloth. Episode pag…
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Graduates have a lot of financial things coming at them. High school grads are contemplating how to pay for college, moving out on their own and getting their first real job. College grads today are often faced with large debt loads and poor credit. In this episode of "Money Guide with Mary Sterk," Mary & Sterk Financial Advisor Kelsey Bankey educa…
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