Peter Mallouk: The Path to Financial Freedom | Finance | E84

Are you ever confused or overwhelmed at the prospecting of investing?

If you are, don’t worry! Our guest today, Peter Mallouk, has simple strategies on how to invest and save as well as why it’s so important.

Peter Mallouk is the CEO of Creative Planning, a wealth management firm, that has been ranked #1 in America by outlets such as CNBC and Barron’s. Peter has been on Worth Magazine’s Power 100 rankings and has received other accolades such as the Ernst & Young Entrepreneur of the Year Award. He is also a financial industry thought leader and author. His upcoming book, The Path, is all about helping you achieve financial freedom and is co-authored by Tony Robbins.

In today’s episode, we’ll talk about common misconceptions that Peter has encountered in his many years in the financial services industry as well as his thoughts on the news and its impact on us as investors. We’ll also cover topics such as the importance of diversifying, the plans you should lay out before investing, and how to find the right financial advisor to meet your needs.

Links:

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Reach out to Hala directly at Hala@YoungandProfiting.com

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Check out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com

Timestamps:

01:11 - How Peter Met Tony Robbins and All About Their New Book

03:53 - Why the Financial Services Industry is Broken

05:00 - How to Find a Great Advisor

06:53 - Truth About Today vs. the Past

10:49 - The Contradictory Thing About Media and the News

13:36 - Why is Now the Best Time to Start Investing

15:37 - Why it’s Important to Diversify

17:49 - Real Life Example of the Importance of Diversifying

19:30 - The Six Human Needs

21:58 - The Power of Compounding

24:20 - Why it’s Important to Know What We Want

25:58 - Financial Independence vs. Retirement

27:15 - Important Plans to Have Before Investing

28:48 - Difference Between Brokers vs. Financial Advisors

29:50 - When Should You Get a Financial Advisor? 

31:30 - Tips for Someone Working at a Corporation

33:34 - Advice about Insurance

35:08 - What to Look at for Financial Planning

37:20 - Peter’s Secret to Profiting in Life

Mentioned in the Show:

Peter’s New Book, The Path: https://www.amazon.com/Path-Accelerating-Journey-Financial-Freedom/dp/1642937010

Peter’s Website: https://creativeplanning.com/

Peter’s LinkedIn: https://www.linkedin.com/in/peter-mallouk/

Peter’s Twitter: https://twitter.com/PeterMallouk/

Peter’s Facebook: https://www.facebook.com/OfficialPeterMallouk/