Don't Retire...Graduate!

In today’s Office Hours, Eric answers Ken's question: What are some common expenses we don't think to budget and save for? This is a great question and a perfect time to ask it. Spoiler alert: the holiday season is on the list! Have a question? Tweet it to us at @BrotmanPlanning and it may be answered in a future episode of Office Hours! Find a full transcript of this episode on our website. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire... Graduate! This is our final episode of 2021, and our guest is a mentor, coach, and accomplished artist. Peleg Top uses art and creativity to guide others in their journey towards finding their purpose, and his mantra around abundance, love, and gratitude is the perfect way to end the year.   In this episode we’ll talk about: How the stories we grow up with around money shape our attitude about it in adulthood The journey of finding self-awareness and self-love Tying your identity too closely to your career, and dealing with a feeling of loss at retirement Scarcity and abundance mentalities and how you can change that mindset The shame, guilt, and emotional baggage around money and how to overcome it through self-awareness The power that art and creativity can have on your personal journey How to use glad giving to help others and connect to the spirit of abundance Turning off the news and taking a media break Noticing the little things around you that connect you to the world Keeping a gratitude journal   About Peleg Top: Peleg Top is an accomplished artist, a creative business mentor and a trained spiritual coach. He mentors accomplished creatives who are at a crossroad and helps them connect to their creative free spirit so that they get clear on who they want to create next in their lives.   A few fun facts about Peleg: Born and raised in Israel. The oldest of 3 boys. Immigrated to the US at 15 with his family Became financially free at 43 (I’m excited to tell you more about my take on this) Lives Santa Fe, New Mexico At the age of 47 he sold everything he owned and traveled for two years to 14 countries while living as a minimalist out of a suitcase Creator of the 100 Days of Creative High Growth coaching program Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s Office Hours, Eric answers Matt's question: How do you effectively balance between savings, retirement, and expenses? Of course, this is different for everyone, but listen to Eric explain how to determine a balance that may work for you, and adds a fourth category into the conversation: debt. Have a question? Tweet it to us at @BrotmanPlanning and it may be answered in a future episode of Office Hours! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire... Graduate! Our guest on today’s episode has been teaching retirees and pre-retirees how to preserve their assets and increase their income for twenty years. Patrick Strubbe is the author of Save Your Retirement from Mass Destruction by the 7 Retirement Villains. He’s here to talk about those villains and how we can stop them from thwarting our retirement plans. In this episode we’ll talk about: The seven villains that put your retirement at risk Longevity and the fear of outliving your money Inflation and how it can derail retirement for those on fixed income The taxes we pay in retirement and the importance of planning for them Understanding what health care costs will be paid out of pocket in retirement, what will be covered by Medicare, and what protections you can put in place to help cover costs The importance of understanding the fees and costs associated with different savings and investment accounts  Dollar cost averaging and why accounts should be strategically set up so that you aren’t pulling from principle Looking into alternative or nontraditional asset classes to diversify your portfolio away from only stocks and bonds About Patrick Strubbe: For over 20 years, Pat has taught retirees and pre-retirees how to preserve their assets and increase their income.  Pat is a recurring guest on the WIS-TV (NBC) news. He has been featured in USA Today, Investor’s Business Daily and other national publications for his knowledge in the field of financial planning. Pat is a Chartered Financial Consultant (ChFC®), Chartered Life Underwriter (CLU®) and Registered Financial Consultant (RFC®).  You can listen to Pat host the radio show “Save Your Retirement®” on WVOC-AM. He is also the author of the book “Save Your Retirement from Mass Destruction by the 7 Retirement Villains!” and “Retirement with Confidence.”  Pat lives in Columbia, South Carolina, with his beautiful wife, Janelle. He is the proud father of four children: Carter, Ava, Gabriella and Isla. Pat enjoys watching NBA basketball games with his friends and family. He loves to see his favorite team, the L.A. Lakers, whenever he can. An active member of Hope Lutheran Church in Irmo, Pat has served as an elder of finances since 2003. Links: Patrick's books:  The Retirement Secret: A Simple Approach to Financial Peace-of-Mind Save Your Retirement! 3rd Edition: Save Your Retirement From Mass Destruction by the 7 Retirement Villains! Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of Office Hours, Eric answers Nate's question: What would you consider a red flag when talking to a financial advisor?    Have a question? Tweet it to us at @BrotmanPlanning and it may be answered in a future episode of Office Hours! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire... Graduate! Our guest on today’s episode is not a Grammy Award-winning singer songwriter, but he is a highly experienced investor who educates others on passive and alternative investing. Brian Adams is the president of Excelsior Capital and is joining us today to talk about how he’s using commercial real estate and private equity to reach his financial independence goals and how you can, too. In this episode we’ll talk about: Getting asymmetrical returns by taking asymmetrical risks What alternative investment classes are Investing in things like art, NFTs, masterworks, and crypto to diversify your portfolio  How access to alternative investment options are growing Private equity becoming the next frontier of investing The J curve  Risk versus volatility  Why bonds and cash are not the answer  What it’s going to take to reach financial independence and retirement with inflation devaluing the dollar  How COVID will change commercial real estate when it comes to office space How to start investing in alternative asset classes About Brian Adams: Brian C. Adams is the President and Founder of Excelsior Capital, where he spearheads the investor relations and capital markets arms of the firm. He has 10 years of experience in real estate private equity and has advanced knowledge in best practices for strategic real estate investing. Prior to forming Excelsior Capital, Brian co-founded Priam Properties (an institutional real estate private equity sponsor) in 2010 and provided leadership and direction for the firm in connection with capital markets, investment management and investor relations. He has served on the Board of Sirrom Partners, LP, a single-family office investing across private and public asset classes since May of 2008. Since May of 2017 he has served on the Investment Committee for Solidus LP, an early-stage venture capital firm focused on investment opportunities in Healthcare and Technology. From January of 2016 to January of 2018, Brian served as a member of the Board of Next Gen Advisory Faculty for the Institute of Private Investors / Campden, a program designed to support next generation family members in preparing the following generation for the responsibility of being a steward of family wealth. He has also served on the Advisory Committee for the Southeastern Family Office Forum since December of 2016. Brian is a former practicing attorney, earning his J.D. from Suffolk University and his B.A. from Wesleyan University with Honors. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of Office Hours, Eric answers Grace's question: What financial advice do you wish you'd never been given?    Listen to the episode to hear three pieces of advice he was given or mistakes he has made along the way that haven't been talked about on this show before!    Have a question? Tweet it to us at @BrotmanPlanning and it may be answered in a future episode of Office Hours! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire... Graduate! Our guest on today’s episode is a visionary and pioneer in the personal finance industry. Holly Morphew is the CEO of Financial Impact and her journey to financial independence was truly a wild ride, eliminating overwhelming debt, combatting chronic illness, and reaching financial freedom while she was only in her 30s. She joins us today to talk about how she did it and share her tips for recreating some of her success. In this episode we’ll talk about: How growing up in a household that talks about money can inspire a life of entrepreneurship The importance of mindset in wealth-building  The difference between people who call themselves coaches and those who are accredited financial coaches Telling the difference between a fiduciary advisor/coach and one that’s out for their own benefit Maslow’s Hierarchy of Needs and how it can be applied to your financial journey  Discovering your core values and using them to shape your life Creating residual income The differences between financial advisors, financial coaches, and financial therapists and the value they each bring   Links mentioned: https://www.amazon.com/Simple-Wealth-Practical-Transform-Relationship/dp/0578840308/ref=sr_1_6?keywords=simple+wealth&qid=1637083798&sr=8-6 About Holly Morphew: Holly Morphew is a visionary, financial coach, and multi-generational entrepreneur. She’s the founder + CEO of Financial Impact, which helps professionals and entrepreneurs create personal wealth and financial independence. A pioneer in the personal finance industry, Holly’s work has been featured in Forbes, Business Insider, Yahoo Finance, FemFounder, and more. Her own journey to eliminating $67k in debt in her twenties, reaching financial independence in her thirties, and overcoming chronic illness are what inspire her to help others realize their dreams too. Holly’s professional background in finance, real estate investing, and entrepreneurship are the foundation of her transformational programs, which also include well-being and mindfulness practices to align behavior and mindset. In 2008 Holly received the prestigious “Rotarian of the Year” award for her work in financial literacy, and in 2017 she was recognized by the Association for Financial Planning and Counseling Education ® with the "Bridging the Gap" award for outstanding work as an Accredited Financial Counselor® in private practice. Her book Simple Wealth is a #1 best seller in nine out of ten categories including money management, women & business, personal finance, real estate, retirement, budgeting, personal transformation, credit repair, and wealth management. Holly has a B.A. from the University of Colorado in International Affairs and Japanese with a Minor in Business. Today, Holly speaks, coaches, and writes about money, personal transformation, and creating a life of design. She now resides in Boulder, CO. Her favorite things to do are travel, hike fourteeners, and watch the sun rise.  Connect with Holly: https://www.financialimpact.com/ https://www.facebook.com/HollyMorph https://www.linkedin.com/in/hollymorph/ https://twitter.com/HollyMorph Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of Office Hours, Eric answers George's question: What would you do if I gave you a million dollars?   There are two ways to look at this question. 1. If you were to give the money to invest on your behalf or 2. if you were gifting the million dollars. Either way, you'll find your answer in this episode!   Have a question? Tweet it to us at @BrotmanPlanning and it may be answered in a future episode of Office Hours! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire... Graduate! Our guest on today’s episode is a true celebrity and has made a career out of helping consumers save money. Jeanette Pavini is an Emmy-award winning reporter and author who talks about the money mindset she learned from her Italian American father and how she has used her platform as a reporter to share simple money-saving strategies with viewers for more than 20 years. In this episode we’ll talk about: The importance of mindset in saving money How a single mother living paycheck to paycheck built a career out of her own need to save money The differences in mindsets between different generations The danger of student loans and how to save money on your education Finding a balance between saving money and living and having fun today Taking the time to find deals and discounts instead of shopping on impulse Separating your expenses into those that can’t change and those that can to find places you can save The key to wealth is not the right investments, luck, or salary. It’s time and behavior How a cashless society means not having a relationship with our money Apps are gamifying finances in a way that is dangerous to your financial future About Jeanette Pavini: Jeanette Pavini is an Emmy Award winning consumer and investigative reporter completely over 10,000 money-saving segments for CBS News, Hallmark’s Home & Family and MarketWatch among others. Her book: The Joy of Saving: Money Lessons I Learned From My Italian American Father & 20 Years As a Consumer Reporter, offers people unique money-saving strategies. Jeanette has been a guest contributor on The Today Show, and her advice has been featured with hundreds of media outlets including Good Morning America and Oprah.com. Links: www.JeanettePavini.com Twitter: @jeanettepavini Instagram: jeanette.pavini Book: https://www.amazon.com/Joy-Saving-Italian-American-Consumer-Reporter/dp/1098341775 Learn more about your ad choices. Visit megaphone.fm/adchoices