The Pilot Money Guys

Are you chasing the right goals and prioritizing what truly makes you happy? In this episode, we discuss the importance of setting goals that align with your joy and fulfillment. Often, we achieve goals only to find that they don't bring the happiness we expected. It's essential to consciously identify what brings you joy rather than blindly following the paths others are on. We'll explore how to...

How can aviation play a pivotal role in combating human trafficking? In this episode, Jared Miller, CEO and Co-Founder of Freedom Aviation Network (FAN), joins us to share the mission and impact of his organization. FAN is pioneering efforts to transport survivors of human trafficking and their advocates, offering their services completely free of charge. Listen in to learn how pilots volunteer th...

Are you struggling to gain control of your spending and align it with your true values? In this episode, we explore a complete mindset shift to improve how you think about money. Lisa Rosenthal, Chief Operating Officer at Leading Edge Financial Planning, joins us to discuss how spending can impact marriages, lead to mistakes, and incur opportunity costs—both financial and emotional. Listen in to l...

Have you ever considered buying a plane? In this episode, we dive into the complexities of such a decision and why it can't just be about saving on taxes. Contrary to popular belief, setting up an LLC or another corporation may not provide the tax benefits you expect. We explore the criteria for tax deductions and why expenses must be reasonable and directly related to business purposes. Additiona...

How do you navigate the complexities of the economy and stock market? Andy Christopher, CFA, joins the show to shed light on the relationship between the two and provide insights into predicting market entry points with precision. In this episode, we aim to dispel common myths surrounding market dynamics to help you to protect your investments. From clarifying the role of the Fed to debunking misc...

Are you contemplating whether to enlist the expertise of a financial advisor as your income rises? In this episode, we dive into the pivotal question: Should you hire a financial advisor? We discuss how to evaluate and question potential advisors, shedding light on the crucial questions you must ask before making a decision.  You can find show notes, resources and more at: https://tinyurl.com/bd22...

Today we're diving deep into credit card points, sharing highlights for both seasoned collectors and newcomers alike. Joining us is Mary Graves, who shares her journey into the world of point collection and how it can pave the way for a fulfilling retirement. Discover the strategic moves necessary to accumulate points without depleting your savings, and learn how to leverage them effectively for t...

With airlines finalizing new contracts and increased 401(k) contributions, the question of whether to invest in a Roth IRA has become a hot topic among pilots. In this episode, we aim to provide clarity on this complex decision and offer guidance tailored to various scenarios and limitations. From understanding who can contribute to a Roth IRA to delving into the concept of Roths, we explore consi...

Did you know that you're leaving a legacy, whether you realize it or not? Join us for an eye-opening discussion on legacy planning with Jon Cremer, Financial Advisor. In this episode, we dive into the impact of intentional legacy planning and why it's crucial to start thinking about it sooner rather than later.  You can find show notes, resources and more at: http://tinyurl.com/mryv6ysa  

Are you ready to explore the dynamic world of Real Estate Investment Trusts (REITs)? Dr. John Worth is an expert in economics and the Executive Vice President of Research and Investment Outreach in a REIT, and he joins us to share his deep understanding of REITs, their crucial role in a diversified portfolio, and how they perform in today's economic environment. You can find show notes, resources...

Tune in as The PMG's discuss the following financial aspects of the SWA 2020 Contract: Market-Based Cash Balance Plan, Tax withholdings for the Ratification Bonus Pay (RBP), New Life Insurance benefits, One-time SWA Profit Sharing rollover opportunity, and more!

Join us for a deep dive into the complex world of taxes, where we'll dissect the mysteries of what's fraudulent, what's a gray area, and what's not only legal, but also incredibly smart. Discover why the allure of complexity may not be in your best interest and why trying to outsmart the tax man is a risky game.   You can find show notes, resources and more at: http://tinyurl.com/y74d8at9  

Kevin Gormley, CFP, CPA, PFS, and Lead Financial Planner at Leading Edge Financial Planning LLC., joins the show to help us explain the seven critical lessons learned in the tumultuous financial landscape of the past year. Brace yourself for a journey through bank failures, crypto turmoil, and market fluctuations that led to the collapse of major financial institutions, sending shockwaves through...

Unlock the secrets of successful investing as we pay tribute to the legendary Charlie Munger. A titan in the business world, Munger's principles for both investing and life are timeless lessons that can shape your journey to prosperity. Delve into the wisdom of a man who, alongside Warren Buffett, navigated the complex world of finance with hunger, humility and unmatched intellect. You can find sh...

Explore the world of bonds with Jim Jackson, Co-Chief Investment Officer at Victory Capital. In this episode, Jim delves into the role bonds play in a diverse portfolio and the predictability of their performance compared to stocks. He also simplifies the complexities of bonds, emphasizing their mathematical nature in contrast to stocks, and challenges the financial industry's predictive shortcomi...

When it comes to creating a positive environment for success, it's not just about investment returns—it's about your mental framework and decision-making. In today's episode, we explore how to identify whether you have a wealthy mindset, as well as what it means to embrace the KISS principle. You'll find out why being a lifelong learner is crucial and how treating all aspects of your life as inves...

What should you do with unexpected financial windfalls, such as a bonus check or unforeseen extra income? Today we answer this question and address the essential balance between celebrating your financial wins and planning for the future, sharing valuable tips to avoid financial pitfalls and the importance of building a robust emergency fund. Listen in to learn how to make the most of unexpected f...

Discover the secrets to a harmonious marriage and a prosperous financial life in this engaging panel discussion. Join us as we sit down with our team members at Leading Edge Planning, including Betsy Wheeler, Paraplanner, Kevin Gormley, Principal, Jon Cremer, Financial Advisor, and Nolan Clark, Paraplanner, to explore the intricate relationship between marriage and money.  You can find show notes,...

In this episode, we have the privilege of hearing the remarkable aviation journey of Roger Lance, a retired Air Force officer and Vietnam War veteran. Roger takes us on a captivating flight through his experiences, from his early days in aviation to the intense moments in the war. He provides a glimpse into the different aircraft he piloted and shares his favorites, shedding light on the competiti...

Today we're joined by investment expert Andy Christopher, a Naval Academy graduate and F-35 Contract Instructor Pilot, and Sunil Wahal, a Professor at Arizona State University and Consultant to Avantis Investors. Together, they shed light on the intricacies of investing, emphasizing its profound connection to life itself, and the importance of self-awareness, helping you calibrate your risk tolera...

Meat of the Mission – Five Ways to Avoid Getting Hacked with Cyber Hunter Akiva Clark  Always use Multi Factor Authentication. (MFA)  Use different emails for more or less security sensitive accounts.   Password strength is critically important.     Use password manager.  Freeze your credit – Click here to see specific instructions from Nerd Wallet to freeze/lock your credit at all FOUR credit rep...

Flight #63 - Dumb Things Smart People Do with Money Questions from the flight deck: ·         Next year all 401k catch up contributions will be Roth.   How will this affect your taxes? ·         https://www.kiplinger.com/taxes/the-problem-with-401k-catch-up-contributions o    Under SECURE 2.0, if you are at least 50 years old and earned $145,000 or more in the previous year, you can make catch-up...

  Airline/Aviation News:   United AIP, American, FedEx AIP segway     Questions From The Flight Deck:   What if age 67 passes? What is Hybrid retirement ?  https://www.nbcnews.com/news/amp/rcna95349   The Senate still needs to pass its own version of the bill before the current authorization expires on Sept. 30. Make an intentional decision - I.e., plan. Those that do not plan – life happens to th...

Questions From the Flight Deck: What do we do with large retro/bonus checks? Is a cash balance plan any good?   Meat of the Mission: Never spend more than they make. How? Habit Patterns... What type of spend Spend money on fun stuff; Leisure, fun, travel Don't spend money on stuff that does not add value – cut it out. YNAB , EveryDollar , or other apps. https://www.iwillteachyoutoberich.com/ Ameli...

Questions From The Flight Deck: Introducing: Andy Christophe r – F18 Navy Fighter Pilot and Investment Advisor Background How'd you get interested in flying? Why the Navy? Navy flight experience. Ejection story – first flight!?!   Me at of the Mission – 529s Common Questions: What if my kid gets a scholarship? Do I need to invest in my state's 529? No! What if I overfund the 529? Can I give my 529...