Common Sense Financial Podcast

It’s interesting to me how little people really know about life insurance. Most people when they think of life insurance they think about its use to protect families, pensions, liabilities and business. But there are other uses such as banking, retirement, tax reduction, long term care and portfolio diversification that is not often considered when thinking about life insurance. I think one of the limitations people have about life insurance is its complexity but its also the negativity that surrounds these plans. We are going to discuss all of this and more but before we do I want to say that to get the most from this, I would encourage you to set aside any biases you may have based on things you have heard and consider why I use this in my personal planning.

The older I get the more I realize the impact our mindset has on every aspect of our life including our finances. What you think about, what you believe and the way you go about making decisions and living life is a direct result of how we think. We all know that there is no shortage of information and opinions on the topic of money. Turn on the TV and you are inundated with commercials for products, services, books and seminars that are screaming for your attention. How do we process so much information? There is an overwhelming amount of content that seems impossible to sort through and understand. In fact, it is said that the brain processes 400 billion bits of information per second and it is estimated that we consume 34 gigabits of information per day . Our brains are set to overdrive trying to sort through and make sense of what we are consuming. It seeks short cuts as it associates information with something we are already familiar with. It is like an assembly line grabbing things and throwing them into predefined categories you have already established for yourself. This process reduces the amount of thought that goes into figuring out what something means. The challenge is that once you have created this association or pathway in your mind about something, it is difficult to redefine it unless you stop to consider what is happening.

CSFP 024 | The Family Office Model by Brian Skrobonja: Author, Financial Advisor, Entrepreneur

In this podcast we will discuss nine specific threats that are always lingering and are threatening your cashflow. Inflation, sequence of returns, unfilled income gaps, market risk, interest rate risks, taxes, long term care expenses, rising health care costs, technology and medical advancements are all real concerns that you need to think about. These are without a doubt the biggest threats and if left unchecked can really cause problems for retirees who have not planned well to overcome them.

CSFP 022 | Wall Street Is Broken by Brian Skrobonja: Author, Financial Advisor, Entrepreneur

In this episode, Brian discusses best practices for starting the new year off right and using techniques to help increase the chances of success of you achieving your goals. Brian walks through his 'Five F's' and explains a simple way to get organized with your thoughts and put a plan in place to have a successful 2019.

In this podcast, Brian breaks down a client case to give listeners a behind the scenes look into how he is able to help clients achieve their financial goals and help them retire and live with confidence.

CSFP 020 | The Four Headwinds That Could Ruin A Retirement Plan by Brian Skrobonja: Author, Financial Advisor, Entrepreneur

I had a thirty year old client make a comment to me recently about retirement. She said it was too far off to think clearly about it and made a point to say it is 30 years from now. Why do people believe that retirement is at 62 or 65? I think it is simply because it is the status quo. It doesn't have to be this way!

You will be surprised to learn who the world's greatest investors actually are. The way that they manage money is entirely different than the way the typical person manages money. They're not going online and using a computer to just answer 10 questions and have it produce a risk tolerance that they plug into an automatic portfolio for a few. The wealthy are doing it differently.