CAPitalize Your Finances

Today I’ll tackle a critical topic: what to do when you have no money. I’ll start by debunking the myth of diversification for its own sake. Did you know it may be better to focus on a few key investments to potentially maximize returns? That’s right – when it comes to building wealth, it’s about quality over quantity. It’s important to understand the different financial situations you’ll face bas...

Do you have any financial regrets? Just about everyone does. A recent survey from ThinkAdvisor.com listed what financial regrets Americans have, and I'll share some of them with you today, along with suggestions on what you might be able to do going forward. Maybe you regret not having enough emergency savings on hand, or you wish you’d started saving earlier than you did. Did you take on too...

Do you ever wish that someone would have taught you more about money when you were young? While I can’t turn back the clock for you, today I’m going to pass along some essential strategies for teaching your children about money, business, and investing effectively. Did you know that most parents falter not from lack of effort but from insufficient guidance when it comes to teaching about money? Wh...

Are you self-employed? Then today’s episode is for you! Whether you're a solo entrepreneur or a seasoned business owner leading a team of employees, it's essential to recognize the potential advantages of incorporating even a handful of these strategies to optimize tax savings. What are some oversights that can lead you miss certain financial opportunities, especially as your business grow...

Today I’m going to dive into one of the most crucial (and one of the most misunderstood) financial concepts: risk tolerance and asset allocation. First off, what exactly is risk tolerance? How does each individual define it for themselves? I’ll pass along insights from my early days in the industry and tell you how traditional approaches often mislead investors about their actual risk tolerance. I...

Special bonus episode today! I’m diving into my incredible experience at the 2024 Berkshire Hathaway conference in Omaha, where I mingled with industry giants like Warren Buffett, Tim Cook, and a plethora of influential CEOs and investors. You’ll get a firsthand narrative about navigating the dense world of investment and the philosophy that fuels it. What were my key takeaways from the conference...

There’s a saying in the world of finance: Expect the unexpected! With that in mind, today I’m going to dive into the intricacies of building an effective emergency fund – one that should be used only during times of true need. A real emergency fund should evolve alongside your net worth and any financial changes you experience. So what are your options here? Is an online savings account a good ide...

Did you know that the 401k plan has been around for more than 45 years? It’s true! Many people participate in them, yet a relatively small number of those don’t really understand much about them. So in today’s episode I’m going to unravel the ten most common 401k questions that people have posed to me over the years. What’s the difference between a traditional 401k and a Roth 401k? What are the be...

I’m so excited to talk today with artist, author and entrepreneur Amanda Terry Hamm! We’ll explore her fascinating journey that took her from a fledgling martial arts hobby to a flourishing business empire. Amanda and her husband Chris started off with martial arts classes at a community center and turned it into a venture that ultimately produced multiple profitable studios, achieving an astonish...

Today I’m diving head-first into the compelling mind of legendary investor, financial author and returning guest, Robert Hagstrom. Celebrating the book’s 30th anniversary, Robert discusses the importance of investing with conviction and the strategic contrarian approaches of Warren Buffett. How did Warren Buffett’s legendary tactics of going against the market grain shape the investment landscape?...

Today I’m going to dive into 10 essential personal finance goals everyone should aim to reach by age 40. Whether you're closing in on 40 or you’re just starting your financial journey, these principles are timeless and crucial for laying a solid financial foundation. From eliminating bad debts – focusing on high-interest rates over balances – to strategically ramping up your retirement savings...

Today I’m venturing out into the Mind Pump headquarters for a candid chat with the one and only Adam Schafer, a world-renowned figure in the world of fitness. How did Adam’s early challenges, like the loss of his father and growing up with financial instability, fuel his drive for success? What were the pivotal moments in his life that shaped his perspective on wealth and success? How did team spo...

Today I ventured into the Mind Pump headquarters to chat with the world-renowned fitness influencer and overall health guru, Sal Di Stefano. In a first-of-its-kind discussion, Sal shares with me his personal journey through the lens of finance as we compare the parallels between physical fitness and financial wellness. As always, there’s so much to cover here. We got into Sal's early life as a...

I’ve got a REALLY compelling episode for you today. My special guest is financial influencer and real estate mogul Kris Krohn. With over 3 million followers, Kris has the knowledge and the experience to change people’s lives for the better. This is great stuff. We’ll talk today about his real estate background, his holding company, how he built and values his businesses, and what his plans are ove...

Is there a parallel between the principles of fitness and bodybuilding and the principles of investing? In today’s podcast, I’m going to show you how the disciplined approach of legendary bodybuilder Mike Mentzer can also be used to create effective personal finance strategies. I’ll tell you about my own fitness journey, shaped by my early challenges with Crohn’s Disease, and give you some insight...

Let’s be honest here – finances are complicated. We all want to make good money moves, but we often don’t know if we’ve made a good decision with our money until it’s too late. Wouldn’t it be great if we knew ahead of time how to do what’s right? That’s exactly why you need to listen to today’s podcast. I’ve got 7 tips on how to be better with your money, and believe me, it was quite a task just t...

This week I’m going to start off with a brand-new segment of the show: The free weekly financial tip. And today’s tip is one of the most important I can give you – Simplicity in Investing. To underscore how vital this is, I’m going to dive into Warren Buffett’s latest Berkshire Hathaway shareholder letter and share with you some of the key insights of this legendary investor. What is his investmen...

What does success look like? Is it all about money? Or is it more about feeling fulfilled in your relationships, health, career, and a higher power? My guest today, Markus Kaulius, makes a strong argument that it’s definitely the latter. How did Markus’s early life shape who he is today? What inspired him to start a supplement company? And when your business becomes such a big part of your identit...

I’m thrilled to be talking today with Kyle Grieve, host of the Millennial Investing podcast and the We Study Billionaires podcast at the Investor’s Podcast Network. In today's episode, you'll learn about Kyle's story, how he got into investing, and his essential investment tips, tricks, and strategies that can help seasoned and new investors alike. How did Kyle get started with the Inv...

When it comes to finance, there are very few absolute truths. But there are MANY absolute un-truths. Let’s call them “myths.” And while some are relatively harmless, there are others that can break even the best-laid financial plans. So I’m here to de-bunk them. Consider this: Are stocks and other long-term investments risky? Are fees always bad? Does money really make you happy? People think abou...

It’s been said that it takes time and experience to develop great leadership skills – people who do the right thing, are good role models, and act with both fairness and accountability. My guest today, Heather Penny, PhD., has written a book that covers exactly how to achieve it. I have so many questions. What were some of the best business qualities that Heather gained from being a Leadership Coa...

Today’s episode is all about the four most common mistakes I’ve seen people make when it comes to their finances – AND my advice on how to fix them. It’s like a free financial planning session with me! I originally came up with much more than four when I was putting together this episode, but I whittled down to the top four. And these types of mistakes run across the financial landscape: investing...

If you’re thinking about getting married, or you’re already happily married, you REALLY need to hear today’s podcast. My guest is Aaron Thomas, an attorney in Georgia and the founder of Prenups.com. He’s here to give you advice on prenups, “postnups,” and everything in between! Should you have a prenup even if you don’t have any assets? Should you keep everything separate, just in case? What are s...

I want to use this opportunity to tell you about one of my favorite human beings of all time: Charlie Munger. You may have never heard the name Charlie Munger before, but in my line of work, there are very few people who don’t know who he was– or, at the very least, who haven’t been influenced by him in some way. Charlie was a lot of things: investor, businessman, philanthropist, vice chairman of...

One of the most powerful things you can do as a human being is to challenge your own perceptions and embrace the power of being true to your own nature. My guest on today’s podcast, Shane Baldwin, did exactly that, and he wrote an astonishingly honest book about his experiences. Shane wrote The Honest Lie during his five-year prison sentence for securities fraud. How do you tell an “honest lie” an...