All About Your Benjamins™

It only makes sense that today's Rundown deals with risk tolerance--I am at the Riskalyze Fearless Investing Summit, after all. Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing. Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all o...

Eventually, I'd like to find a way to incorporate wellness and health into my financial planning process--I haven't figured out how to do it quite yet, so the most I can do is talk about it and encourage my clients to find ways to take care of themselves. A couple of weeks ago, I practiced what I always preached and went to have my blood drawn to see what areas in my health could use improvements,...

Wealth/Stack has been well covered--I did my own summary here, so there's no need for me to revisit how great the conference was. While I was in Scottsdale, I managed to record another Project One Question episode for All About Your Benjamins The Podcast. If I'm being honest, I failed at this episode...not because what you are about to listen to or watch is not good. It's quite the opposite--it's...

Ashby Daniels has become a very close friend of mine and this is one of my favorite blog posts he's written. After talking about his personal story growing up, I knew how his run would turn out...there was no way he wasn't going to help the woman in distress. Give his post a read and then give a listen to my quick thoughts about it and how I think how we handle life's curveballs is so important. A...

Shoutout to my good friend Tyrone Ross for the motivation I needed earlier this morning with his Periscope. I usually don't put Fed related Rundowns on the podcast, but I wanted to highlight Ty's Periscope to bring it to your attention. Go watch this video as well! What’s done in the dark will come to light. https://t.co/zbXG3FwjHw — Tyrone V. Ross Jr. (@TR401) September 19, 2019 Go ahead and subs...

The Meeting Of The Minds in Dana Point was one of my favorite videos I've recorded this year. After getting such a warm response to it, I decided I am going to do my best to organize a fresh Meeting Of The Minds at each conference I attend. As I'm sure you are well aware, Wealth/Stack wrapped up not too long ago, and I was able to fill another hotel room with some of my friends to discuss various...

As much as financial advisors love to solve our clients' financial planning needs and have all of the answers, the truth is sometimes we don't have all of the answers. And sometimes we have the answer, but the solution isn't necessarily easy to accomplish--the most common example/issue is the need for additional income. There are many families who have trimmed the fat from their budget and the onl...

I've written about home country bias before, but I thought it would be great to revisit given the U.S. market's outperformance of international markets for yet another year, well at least up until today. Over allocating to your home country is a common behavioral bias investors suffer from and for U.S. investors, it's been a benefit over the last 10 years.  But will it be for the next 10? The answ...

Balance is something I try to stress with clients when it comes to their financial plan and my friend Jeremy Walter shares reasons why this is so important. You can find his blog post below. Calibrating Capital: Today Vs. Tomorrowland Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing. Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you...

Audience: Clients and Financial Advisors There are numerous factors to consider when it comes to retirement planning, and I don't know of anyone better suited to discuss some of these topics than Ashby Daniels, CFP®, so I asked him to join me for a conversation covering some of them. In this episode we discuss: Understanding and re-evaluating your budget Choosing the "right' Social Security strate...

The job of a budget is to align your use of capital with your values. — Carl Richards (@behaviorgap) July 3, 2019 Go ahead and subscribe to the RLS Wealth Management Rundown Flash Briefing. Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaim...

At the IMN Global Indexing and ETF conference in Dana Point, a group of talented financial professionals got together in a hotel room for an impromptu conversation about the current state of financial services, the future, improvements we'd like to make, and what excites us the most about our profession. You may have seen all or parts of the video, but here it is in podcast format. Below are all o...

Congratulations to the Toronto Raptors and Mr. "Board Man Gets Paid" Kawhi Leonard on winning the NBA Championship last evening. When it comes to trash talk, Kawhi isn't the flashiest with "Board", "Nope", "Bucket" and the infamous "Board Man Gets Paid", but he is one the best NBA players and multi-champion. His game isn't much flashier that his trash talking, but again, he gets the job done and i...

George Kinder is the father of the Life Planning movement, a unique approach to financial planning, and author of one of my favorite planning books, The Seven Stages Of Money Maturity; he also recently released another book that expands on the life planning concept called A Golden Civilization And The Map Of Mindfulness, which we discuss later in our conversation. Having George on the podcast was...

There's no shortage of articles explaining how cutting back on minor spending, like daily coffees, can help jump-start savings (or paying down debt), and while not spending as much on coffee will certainly help, it most likely won't make or break a financial plan. The realest answer to the problem of wanting or needing to save more is to make more money--yes, I know that's an obvious answer and ma...

George Kinder is the father of life planning and more in-depth and intentional financial planning process; I had the privilege to talk with George for an episode that will be on the podcast next week, but I couldn't wait to share the three questions that he teaches in his book The Seven Stages Of Money Maturity. Give today's Rundown a listen and think about your answers to them. And while you are...

Last July I did a Whiteboard Video about the inverted yield curve. Earlier this year I talked about the inverted yield curve on a couple of the Week In Review Videos. And today, the Rundown is about the inverted yield curve again. As talks with China appear to be going nowhere, for the time being, investors are re-evaluating their tolerance for risk and the yield curve has begun to invert, which i...

On Monday the University of Michigan's Consumer Sentiment Index hit a fifteen year high at 102.4, with expectations of 97.5. Check out today's Rundown to learn more about the index and why investors pay attention to the reading. Be sure to subscribe to RLS Wealth Management’s Rundown on Amazon Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions p...

Can you imagine graduating college, excited to head out into the workforce, but also a little nervous about the student loan payments you will soon be making--only to have the commencement speaker inform you he is covering the graduating class's student loans through a grant? Well, the seniors at Morehouse College experienced this over the weekend. Check out today's Rundown to hear more, along wit...

The stereotypical goals of retirement and college are important and often the focus of a financial plan, but the probably won't bring the greatest satisfaction in your life. What about the other values and experiences that are important to you and your family? Are you planning for those? Do you even know what those are? In Friday's RLS Wealth Management Rundown on your Alexa device, I discuss this...

From the May 15th, 2019 RLS Wealth Management Rundown on your Alexa devices. As a quick follow up to Tuesday's Rundown, the selloff Monday was met with nice bounce on Tuesday...I talk about why you shouldn't get too excited about it. Bitcoin, with the little "b", is on a nice little run this year, up over 100%, and I'm starting to see more chatter about it on Twitter and the financial media outlet...

From the May 13th, 2019 RLS Wealth Management Alexa Flash Briefing: United Capital sells for $750 million to Goldman Sachs. One of the largest companies in the Registered Investment Advisor (RIA) world crosses over to Wall Street--what does this mean to advisors and clients of United Capital, along with other RIAs? I share my thoughts, which are strictly speculative right now. I hope it all turns...

(041) I knew when Kyle offered to fly out to Fishers to see me we would have a day filled with great conversation and record top-notch content. I had no idea the videos we'd record would be so good that I'd have to make a podcast out of them. With nearly 35 minutes of important information, I was afraid many people would miss out on the conversations with the videos just on YouTube. So, for the fi...

Episode 40: It seems as if the American Dreams of a college education and home ownership have put many individuals, particularly Millennials, in financial distress. Financial advisors are not immune from the same financial constraints we help our clients with, and in a couple of honest blog posts, Chris Haigh, CFP® shared his experience and anger with the student loan machine. Chris’ post about st...

Episode 39: In the last year I've begun to work with more entrepreneurs and have begun learning new planning strategies that while may not be a good fit for everyone, can be very impactful for business owners and other entrepreneurs. In an effort to continue to expand my horizons as a financial advisor, I met Nina O'Neal who has been working with business owners entrepreneurs and high net worth fa...