RetireMentorship

Don't merely know information. Believe in its ability to help you. Don't merely believe.  ACT! Before you know if you need to create a financial plan, you should know your Financial Planning Score. Take the Quiz to get your score. If you score an A, you have already completed your financial planning and are working the plan. Anything less, and there is work you can do to improve your finances and...

You need a financial plan. How do you Create a Financial Plan? First we need to cover WHO is creating the plan. Whether you are a DIYer intent on creating your own Financial Plan, or a Delegator looking to hire someone to create it, You/They need 5 Cs to be qualified to make that plan. 1. Competence 2. Capacity 3. Commitment 4. Contentment 5. Character The full episode can be found at: RetireMento...

Don't merely know information. Believe in its ability to help you. Don't merely believe.  ACT! Target Date Funds are the Bing of investment options. They may be the default, but they are not the best. Here are you action items: Check your Retirement Plan (and your spouses) to see if you have any TDFs. If you are not close to retirement, but your parents are, ask them if they have TDFs. TDFs are mo...

Target Date Funds are the default options for many investors in their 401(k)s. Not because they are great options, but because they cover the butts of 401(k) companies and employers. But they have their troubles. TDFs are Dumb. They result in lower long term returns at higher fees. TDFs are Dangerous. They give no options to those in retirement, forcing them to make The Big Mistake: Selling their...

Don't merely know information. Believe in its ability to help you. Don't merely believe.  ACT! Basing your Lifetime Returns on a Five Minute Risk Tolerance Questionnaire is Stupid! Here are two ways to act on that knowledge. 1. Listen to Episodes 1-4. They will build your foundation for believing that RTQ based investing is insufficient.  2. Schedule a time to get an Investment Plan. Have a Plan,...

Investing based on a Risk Tolerance Questionnaire is STUPID!!!  Almost every investor needs to answer a Risk Tolerance Questionnaire before investing.  These questionnaires determine the investor's destiny.  These questionnaires are dumb.  We'll look at two more problems with RTQs, and the solution. Full article and visuals can be found at: RetireMentorship.com/21 Need help finding an advisor to c...

Investing based on a Risk Tolerance Questionnaire is STUPID!!!  Almost every investor needs to answer a Risk Tolerance Questionnaire before investing. These questionnaires determine the investor's destiny. And these questionnaires are dumb. We'll look at some of the problems with RTQs, and next week we'll look at the solution.  Full article and visuals can be found at: RetireMentorship.com/21 Enjo...

There are some insurances you need, and others you don't.  Insurances you DO need:  Health Insurance Disability Income Insurance  Term Life Insurance (if you have dependents, previously covered) Home & Auto Insurance Insurance you MAY need: Long-Term Care Insurance (previously covered) Umbrella Insurance Dental Insurance Vision Insurance Insurance you DON'T need: Accidental Death & Dismemb...

If you have people depending on your income, YOU NEED TERM INSURANCE! What is Term Insurance? Who needs it? And how much do they need? If you have people depending on you, you need it. How much? You want to cover (or minimally help with) 5 things Final Expenses Pay off debt Pay off (or buy) home Retirement Lump Sum Income Bucket Add to it anything else for college or other financial goals. Quote y...

Bad things may happen to you. But you can't and shouldn't insurance against all of them. This includes insuring your insurability. Don't do it. Today we cover four of the popular myths of for why you should buy permanent life insurance:  Most Agents are Good People and can be Trusted. You Should Buy Permanent Life Insurance While You're Young. You Should Buy Permanent Life Insurance to Protect You...

"Experts" may be educated beyond their intelligence. Today we cover three of the popular myths of permanent life insurance:  Independent Experts Confirm that Permanent Life Insurance is Better. Successful Wealthy People Own Life Insurance; So Should You. Infinite Banking is a Great Strategy There are much better strategies out there, and we'll unpack why. Again, these episodes target permanent lif...

Permanent life insurance is oversold and underdelivers. Today we cover two of the popular myths of permanent life insurance:  Permanent life insurance is a great alternative asset class. Permanent life insurance is a great way to mitigate taxes. There are much better strategies out there, and we'll unpack why. Again, these episodes target permanent life insurance specifically. If you have people d...

A LOT of permanent life insurance is sold, and 99% of us don't need it! In this mini-series, we cover the "Life Insurance Lies", the myths and strategies used to sell permanent life insurance. If you own any permanent life insurance, you'll want to hear all parts. Need Term Insurance? Quote your own insurance from dozens of carriers and apply right online. (Note: Permanent life insurance also avai...

Free to Focus by Michael Hyatt will help anyone who wants to focus more on what is important in life and be more productive. You will not regret the listen/read. Find your copies here: Free to Focus Audiobook Free to Focus Book Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free. Become a M...

The 12 Week Year is my ALL-TIME Top Recommended book on productivity and accomplishment. It will change the way you think about goal-setting and give you an entire system to build a more productive life. Find your copies here: The 12 Week Year Audiobook The 12 Week Year Book Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show yo...

Dave Ramsey's classic book got me hooked on finance. I listened to it the first time straight through in one sitting. It's that good. If you've never read it, it's a must! Find your copies here: The Total Money Makeover Audiobook The Total Money Makeover Book Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and k...

No author has had a bigger impact on me than Nick Murray, and his only book for clients is a must-read. Simple Wealth, Inevitable Wealth will reinforce what you hear on this podcast in a way that only someone with 50+ years of experience can. Email us at Questions@RetireMentorship.com to request a copy. Send us a Text Message. Join our FREE membership community to receive exclusive content at Reti...

I love equity investing. I'm an Equity Evangelist. But people always ask, "What about the risk?" We tackle what the real risks are, and what they aren't. S&P 500 Historical Prices S&P 500 with Dividends Calculator Full article and visuals can be found at: RetireMentorship.com/13  Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month yo...

Nothing is more dangerous to your lifetime success as an investor than the news media. It is evil. See more at RetireMentorship.com/60 Become a RetireMember for exclusive content at RetireMembership.com . Get my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others, on Amazon.com or at 3DRetirementIncome.com . Find my financial plann...

We all know smoking is hazardous to our health. But do we fully grasp how devastating it is to our wealth? Smoking is costing you millions of dollars, and is also easy to quit. Yes, easy. Surprised? So was I. Allen Carr's Easy Way to Stop Smoking Audiobook Allen Carr's Easy Way to Stop Smoking Book Full article and visuals can be found at: RetireMentorship.com/12 Enjoying the show? Sponsor it by b...

Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free. Become a Member for a Latte a Week ($16/m) Become a Member for a Latte a Month ($4/m) Your support means a lot! Find out more at RetireMembership.com . If you have questions about this topic, message us on Facebook or email us at Question...

Nothing is more dangerous to the lifetime success of you as an investor than the news media. It is evil.  Full article and visuals can be found at: RetireMentorship.com/11  Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free. Become a Member for a Latte a Week ($16/m) Become a Member for a...

The popular personal finance teacher has a lot to say about money. Many people follow his principles, but many others, including professionals, think he's mistaken. So who's wrong, Dave or his Detractors?  Full article and visuals can be found at: RetireMentorship.com/10 Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your s...

The popular personal finance teacher has a lot to say about money. Many people follow his principles, but many others, including professionals, think he's mistaken. So who's wrong, Dave or his Detractors?  Full article and visuals can be found at: RetireMentorship.com/9   Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your...

Most people would like to be above average, particularly with their investment returns. We explore how to be above average, and bust some myths around investing.  Full article and visuals can be found at: RetireMentorship.com/8 Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free. Become a M...