Perennial Pride

Practice makes perfect, right? We get frustrated when we fail but in the moment, we don't always understand that failures can be your best teacher. It's important to be open-minded and have a growth mindset to learn from failures so they aren't repeated. Tune in to hear about the lessons Tom has learned from failing and how he overcame them. Highlights 01:01 Importance of learning from failures an...

In our lives, it's been proven that losses hurt more than the thrill/enjoyment of gains. We're wired oddly that way. As Buffet states - losing money is not a good thing to our wealth building. To reach our potential, we have to take risks. We have to have courage to face our reality and make changes in our careers/jobs and finances. Because change is scary so many will stay in the same situation....

Leverage: We use it in so many different ways and parts in our lives whether it be relationships, skills and talents, time or connections. We can gain ultimate freedom in life by using leverage. Tune in to hear how Tom encourages people to see what types of leverage they might be able to use to boost their wealth and success. Highlights 02:04 Using the analogy of pole vaulting and high jumping to...

Today, Tom is joined by Disability Insurance Expert Hunter Brown to help listeners better under the importance of disability insurance (DI).  Did you know that about 12% of the population suffers a long-term disability and at age 35, you have a 50% chance of experiencing a disability of three months or longer? Tune in to hear Hunter and Tom discuss myths and confusion around DI, what they wish peo...

In today's episode, Tom talks about a 2013 PBS series on the retirement crisis that is still very applicable today. Most people don't have pensions to rely on for retirement and have moved to risk type retirement. Cash flow is king as you need it to let you live the life you want. Listen in to hear what you can do to prepare for a stress-free retirement. Highlights 00:21 Transitioning to retiremen...

Joining Tom today is Ryan Condie to talk about creating freedom in your life. Our time is our most precious resource and we need to be doing everything we can do to protect that resource. The economy is changing and people are looking for the next journey in life. Freedom and control of life requires taking responsibility. Investing is something you can own and control to reduce risk. Tune in to l...

In today's episode, Tom's you through the history of 401k plans and how it may play out for most people later in life and even in legacy. What was originally created for the uber wealthy when the tax rate was 70%, has now become the mainstream way for people to invest for retirement. You CAN have more security over your wealth AND still have access to it by following a different path. Schedule cal...

Today, Tom is joined by Carolyn Tormey, a career ownership coach to talk about the benefits of entrepreneurship and franchising. With the economy changing and the potential for layoffs, on top of people retiring and looking for the next journey in their lives, many are understanding that time is our most precious resource. Moving to self-employment and away from corporate America is a way to provi...

A positive mindset can do so much not only for your day-to-day life, but also for your financial headspace. Think about pouring clean water into a dirty bucket - the more you pour, the cleaner the water gets. Tom talks about the importance of evaluating your financial situation and identifying ways to pour clean water into your personal and financial life. It's important to take full responsibilit...

In today's episode, Tom talks about the importance of a balanced environment for our finances and our lives and maximizing our resources. He talks more about creating efficiencies of our resources and using those dollars to buy back some of those resources. In life and finances, we have to play both sides - offense and defense. Tune in to hear Tom talk about how to best play both sides of the game...

Clients Adonis and Daniella join Tom today to share some of the things they have learned about personal finance and real estate investing. Working in the real estate industry, they understand the power of real estate as an investment class. Purchasing a duplex home, living on one side, and renting out the other, their tenant is helping to pay the mortgage. Being coachable and open-minded clients,...

In this episode, Tom shares his thoughts on the Netflix documentary "Get Smart with Money." This documentary talks about the basic fundamentals on personal finance but still focuses on the cookie cutter type of finance rather than thinking outside the box to create financial freedom and control most desire. Listen in to hear Tom talk through the positives and negatives of conditional thinking arou...

Society has come to rely on the government more than ever for benefits, security, financing, etc. Tom and lawyer Alessandra Messineo Long discuss how security has reduced the freedoms we have in life. Think about taxes - they come in so many shapes and sizes. When it comes to Protection vs. Wealth Accumulation, most people want to focus on the latter, but how do you protect them when you obtain th...

Joining Tom for a second time is friend and colleague Bryan McCloskey of Revisionist Wealth. Continuing up in their previous episode "The Retirement Experiment is Failing," Tom and Bryan talk more about the definition of retirement and how most people focus on net worth but in retirement, it's about cash flow and income. Pensions are no longer common for most outside of government jobs; money is b...

Throughout my life and business, I've always tried to learn from the success of others. I take what resonates with me and move forward with trying to implement it. One of my favorite success stories is that of John D Rockefeller who came from humble beginnings as a bookkeeper to become the richest man in the country when he retired. Staying open-minded is key to increasing your success as new idea...

People don't often talk about the emotions tied to their finances. Financial Advisor Mark Bertrang joins Tom as they talk about the emotional side of personal finances. In his book, Investments Don't Hug, he shares true life stories of families who have gone through significant pain by loss of a loved one unexpectedly and how having a life insurance plan provided such value for those families. He...

Today, Tom shares different ways to safeguard your assets while accumulating wealth AND during the distribution and transfer of wealth to the next generation. Tune is to hear more about reducing the impact of negative things on our wealth. Highlights 00:33 Parents are always worried about our kids' safety and ensuring that they get the right education 02:09 Some general topics around how we safegu...

Joining today is another fellow IBC practitioner Monica Felton who specializes in utilizing your family bank to pay for college. College is getting very expensive causing many families to question the value of it. Tom and Monica are big believers in investing in ourselves and getting education but still need to make smart decisions, especially ones that could impact parents' ability to retire. Tun...

Human behavior can be both a benefit or hindrance. In the book "Becoming Your Own Banker" by R. Nelson Nash, he teaches you how to create the right financial habits and elaborates on the two human behaviors that might hold us back from becoming our best and building wealth. First, The Arrival Syndrome - where we stop learning because we think we know everything and second, Parkinson's Law - spendi...

Today, Tom and EJ Fernandez of Ed James Insurance Brokerage talk about creating the lives we want and determining how your business/work can fit in and support it. People often think our work is our life and it becomes the center of who we are and what people associate with us. It's a major part, but not the only part that defines us. There are two financial paths one can go down: Protection or we...

Do you know the difference between saving, investing, and gambling? While saving and investing are co-mingled, they are really just a form of gambling. In this case, gambling is defined as taking a risky action in the hope of a desired result. Saving doesn't provide much return so people feel the need to invest or even worse gamble. Most people aren't saving much, they invest before saving (think...

Tom is joined by Kevin Micinilio, an Independent Insurance Agent who helps business owners make sure they are protected from the unexpected. They talk about the importance of commercial insurance and what exposures most people don't cover but should. How prepared are you for when it doesn't go right? Highlights 01:30 How Kevin got started with commercial insurance 06:20 Helping clients in real est...

In today's episode, Tom talks through various definitions of freedom and they relate to our financial lives. He shares how the "system" is set up to control more of our wealth and we need to be more aware of what is happening in banks, financial institutions, and government. Listen in to learn how to get freedom from banks and taxation by investing in things you can control and own. Highlights 00:...

Joining Tom on today's episode is estate planner Jim Burch. During this episode, Tom and Jim talk about how society has come to rely on the government more than ever for benefits, security, and financing. Death is a certainty, but the timing of it is not. Tune in to learn more about the basics of estate planning and how easy it can be to get something started. Highlights 01:33 How he started with...

With it still being early into the year 2023, Tom talks about how it's a good time of year to assess various areas of your financial life: Savings, growth, debt, cash flow, etc. Tom shares how he feels it's always prudent to think that things could change for the worse.  It's important to focus on what you can control, what you can influence, and what you cannot control. Tune in to listen as Tom e...