Finerate

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 finance and how important it is for parents to teach...

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 challenges U.S. individuals face? Why is this importa...

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 an overview of the concept of retirement, explain...

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 pandemic affected different age groups, the Arnold Schwar...

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 tolerance can lead you to make emotional decisions with...

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 deeper dive on this topic and to reference informa...

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 the highest interest rate you are paying on your de...

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 planners, coaches, and advisors can assist their clients...

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 halt AI development for six months, and mention how...

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 not-intuitive relationship between interest rates...

Bill and Anastasia discuss the different species of bear markets. For questions and comments, you can email Bill and Anastasia at  askcreatingwealth@taberasset. com .

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 and comments, you can email Bill and Anastasia at  a...

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 insight into how you can go about rewriting those scrip...

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 millennials' opportunity to find a partner and build we...

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 what the implications are for individuals and investo...

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 whether they budget and what they find most challe...

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 in unexpected expenses? What travel luxuries may be...

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 their lives through the worst of the pandemic. For...

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 merger. Our next episode will be our annual reflec...

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. Anastasia explains why she's glad she didn't listen to...

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 active approach and how he avoids "diworsification." Be...

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 to continue bringing inflation down. Anastasia di...

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 R.R. Martin's writing style. To submit questions...

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 your home? What kind of cars do millionaires drive a...

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 characteristics of "the millionaire next door" and what...