Wealth Decisions by Brian

In this episode, we'll unpack a concept that might seem counterintuitive at first but is essential for maintaining a healthy, efficient portfolio. Whether you're a seasoned investor or just starting out, understanding diworsification can help you optimize your investment strategy and potentially improve your returns. Here's what I cover in this week's episode: 1. What is diworsification and why it...

Whether you're just starting your investment journey or a seasoned investor looking to reassess your strategy, understanding your risk tolerance is the key to building a portfolio that aligns with your financial goals and helps you sleep soundly at night. In today's episode, I cover: 1. What investment risk really means 2. Factors that influence your personal risk tolerance 3. Different types of i...

3 Ways I Can Help with Your Retirement Goals One-time Plan, Hourly Advice based upon need, or ongoing financial planning and wealth management. One-Time Financial Plan and or Portfolio Analysis-  This plan is for anyone comfortable managing things on their own but is looking for financial peace mind knowing they are on track to retire and have the right mix of investments for their stage of l...

Retiring comfortably is a dream for many, but the commonly cited recommendation of having $1 million or more saved can seem daunting, especially for those with more modest incomes. However, it is possible to retire on less than $500,000, with the right planning and lifestyle adjustments. In this episode, we'll explore 6 key areas that can make or break your retirement plans: budgeting and expense...

To retire and stay comfortably retired, you need a solid financial plan- a plan that factors in your needs, wants, and wishes and ensures your money will last long into retirement. The 9-Step Retirement Decisions Plan gives you a plan in order of importance when you retire. Step 1 - Set up a plan to save at least 12 months of expenses to cover your basic needs Step 2 - Get rid of High-Interest Deb...

This episode is specifically tailored for those looking to retire in the next three to five years, but also really valuable information to prepare you for the things you will have to think about while you are saving and investing toward this period of time. As football fans know, the “red zone” is the area of the field where the offense is within 20 yards of scoring a touchdown. Applied to retirem...

To achieve financial freedom, you need to have a solid financial plan. A plan that super funds your retirement and gives you smart steps in order of importance to make the biggest impact on your future wealth. The 9-Step Wealth Decisions Plan is just that. This plan is for anyone aged 45-55 who wants to retire in 10-15 years and can save more than 10-15% of their income. Download the 9-Step Wealth...

Most of us have two lives: the life we live and the life we are capable of living. How is it that some people seem to accomplish so much, while the vast majority of us never accomplish what we are capable of? If you could fully tap your potential, imagine what could be different for you. How would your life change if each and every day you performed up to your full potential? What would be differe...

James Clear said in his book Atomic Habits that, “True behavior change is identity change.” You and I can act ourselves into a new identity by behaving a specific way. You can act your way into believing something different about yourself. Clear goes on to say that every time you take an action, you’re giving your mind evidence that you are a new person, a different kind of person. A standard is t...

A rich life is not just about wealth. I have a philosophy on life, health, and wealth that I call the M.A.D.E Life Philosophy. The M.A.D.E Life centers around living a richer more fulfilling life. It is about living with intention. Every 90 days, you focus on things to create more Meaning, Accomplishment, Difference, and Experiences in your life. MEANING   What 3 areas do I need or want to im...

“No thought lives in your head rent-free.” Each thought you have will either be an investment or a cost. T. Harv Eker To improve your relationship with money, you need to look at the roots of the beliefs you have about money. Without doing this, you can learn all you can about Roth IRAs, stock investing, or ETFs, but there will still be a piece of the puzzle missing that will hold you back from ma...

"There is a difference between WISHING for a thing and being READY to receive it. No one is ready for a thing, until he believes he can acquire it. The state of mind must be BELIEF, not mere hope or wish. Open-mindedness is essential for belief." -Napoleon Hill,  Think and Grow Rich When you release money blocks and become self-aware about your relationship with money, you can begin to re-wri...

Understanding one's money values is paramount in making informed financial decisions that can lead to a more fulfilling life. In this discourse, we delve into the concept of money values and the pivotal role they play in shaping our financial behaviors and aspirations. It is imperative to recognize that money may signify different things to different individuals, ranging from security and stabilit...

What does a financial advisor do? An advisor will sit down with you, understand what is important to you, and then create a financial plan to help you reach your financial goals by looking at: Saving and spending behavior Debt levels Your cash flow, income, and health costs Insurance and risk management Legacy and estate planning An advisor can help give you financial peace of mind: Success and se...

James Montier once said, "Leverage can never turn a bad investment into a good one, but it has the potential to turn a good investment into a bad one by forcing you to sell at just the wrong point in time." Investing with borrowed money or buying on margin is one of the greatest ways to 2-3x your returns but is also a good way to 2-3x your losses. I learned this valuable lesson early in my investi...

Peter Lynch once said, “Far more money has been lost by investors trying to anticipate corrections than lost in the corrections themselves.” “The idea that a bell rings to signal when to get into or out of the stock market is simply not credible. Though tempting, trying to time the market is a loser's game. The old adage, “It's not about timing the market, but about time in the market,” has been p...

It has been often said that if you divided up all the wealth in the world equally amongst everyone, it would all end up in the hands of the people that were wealthy to begin with.  Not because they are smarter or more educated, it is because they have a wealthy mindset and they know how to manage their wealth. In today’s episode we are going to be discussing Wealth Decision #6, Be Frugal with...

If all of your money is in a Traditional 401k, every dime you take out when you retire will be taxable. We don’t know where tax rates will be 10 or 20 years from now, so having all your money in a tax-deferred account doesn’t give you a lot of control. It is crucial to not just have investment diversification, but also account diversification. Account diversification gives you more flexibility and...

They say the only things that are certain are death and taxes. In today's episode, we are going to talk about a crucial wealth decision to set yourself up for a brighter financial future. I think one of the best tools for building and keeping your wealth is the Roth IRA or Roth 401k. The biggest advantage of a Roth IRA is that you will keep the government out of your pocket permanently — tax-free...

It has often been said that “the biggest risk of all is not taking one.” Early in my investing life, I always tried to find the next Amazon, Netflix, or Microsoft. I found stocks that did well in the short term, chased momentum growth stocks, and invested in smaller companies thinking I was smarter than the rest of the market. If I had a process for investing in companies like I do today, my succe...

Most individuals pay their bills and then invest if there is anything left over. A better wealth decision is to pay yourself first by putting a percentage of money away before you pay your bills.  I am glad I had a father who preached this to my brother and me early in life. I would not be in the position I am today, without adopting this mindset. Paying yourself first can set you up to achie...

A rich life is not just about nice things, although ads getting us to want this or that would lead us to believe that. We can find a balance between a fulfilling life and saving for the future by being clear on what truly matters to us both now and in the long run. You can’t create financial independence or freedom without first living within your means. Pre-order my new book " Momentous Decisions...

I am the Founder and Senior Wealth Advisor of Momentous Wealth Advisors. I am also a singer-songwriter, pickleball player, and world traveler. I believe that you can achieve any of your financial goals with a well-thought-out plan and prudent advice. Each week I discuss One Crucial Wealth Decision to help you live a Richer Life. Pre-order my new book " Momentous Decisions : 7 Steps to Better Healt...