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Life Money Balance® Podcast

Business & Economics Podcasts

The Life Money Balance® podcast helps you “let your life lead your money, not your money lead your life” and engage with your journey to create your life's design. The podcast uses compelling conversations that combine money psychology with personal finance topics to improve your well-being and achieve your life aspirations. Your host Dr. Preston D. Cherry (“Dr. Cherry”), interviews guests and performs solo shows to provide an emotion-safe space where real people engage in real talk and share authentic moments. Let’s chop! Learn more by following @drprestoncherry, Certified Financial Planner, Certified Financial Therapist, University Professor, and Founder & President of Concurrent Financial Planning, www.concurrentfp.com.

Location:

United States

Description:

The Life Money Balance® podcast helps you “let your life lead your money, not your money lead your life” and engage with your journey to create your life's design. The podcast uses compelling conversations that combine money psychology with personal finance topics to improve your well-being and achieve your life aspirations. Your host Dr. Preston D. Cherry (“Dr. Cherry”), interviews guests and performs solo shows to provide an emotion-safe space where real people engage in real talk and share authentic moments. Let’s chop! Learn more by following @drprestoncherry, Certified Financial Planner, Certified Financial Therapist, University Professor, and Founder & President of Concurrent Financial Planning, www.concurrentfp.com.

Language:

English

Contact:

8883322372


Episodes
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Are Luxury Hotels Worth It?

7/3/2024
In this episode, Dr. Preston D. Cherry provides a comprehensive exploration into the world of luxury hotels, addressing the perennial question: Are luxury hotels worth it? He delves into the critical alignment between personal finances and the value luxury accommodations bring to one's travel experience. Dr. Cherry offers clear and practical insights into the costs, benefits, and personal factors involved in choosing luxury accommodations. Want to learn more? Connect with us below! Dr. Preston D. Cherry on LinkedIn: https://www.linkedin.com/in/drprestoncherry/ Dr. Preston D. Cherry’s Website: https://www.drprestoncherry.com/ Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website: https://concurrentfp.com

Duration:00:21:45

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What Does It Mean To Be Wealthy?

6/27/2024
In this episode, Dr. Preston D. Cherry breaks down the true meaning of wealth, going beyond the numbers. He sheds light on how understanding and managing wealth can improve our quality of life by aligning financial and personal goals. Listen in for practical advice and a realistic view on how to use your financial resources to thrive in all areas of life. Want to learn more? Connect with us below! Dr. Preston D. Cherry on LinkedIn Dr. Preston D. Cherry’s Website Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.

Duration:00:21:20

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Boost Your Fulfillment and Finances With Aspirations

6/17/2024
Join Dr. Preston D. Cherry and Dr. Renée Baker, as they dive deep into how aligning your life goals with smart financial planning can lead to true fulfillment. This episode is packed with valuable lessons on the importance of building strong relationships, being financially prepared, and keeping a growth mindset. Together, they inspire you to create a life where your dreams and finances thrive in perfect harmony. Want to learn more? Connect with us below! Dr. Renée Baker on LinkedIn. Dr. Renée Baker’s Website Dr. Preston D. Cherry on LinkedIn Dr. Preston D. Cherry’s Website Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.

Duration:00:31:00

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Are Bonuses Taxed Differently?

6/12/2024
Got a bonus check that feels smaller than expected? Don’t worry, you’re not alone! In this episode, Dr. Preston Cherry explores why bonus checks often feel like they’re taxed more heavily than regular paychecks and shares practical strategies to mitigate the tax impact. Want to learn more? Connect with us below! Dr. Preston D. Cherry on LinkedIn. Dr. Preston D. Cherry’s Website. Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.

Duration:00:04:53

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Wealthy Spending Habits: Debunking Myths and Misconceptions

6/4/2024
Join Dr. Preston D. Cherry and Josh Brown, as they talk about the multifaceted relationship between wealth, spending habits, and time management. Through engaging anecdotes and practical advice, Dr. Cherry and Josh Brown encourage listeners to rethink their approach to wealth, time, and overall well-being. Want to learn more? Connect with us below! Josh Brown on LinkedIn. Dr. Preston D. Cherry on LinkedIn. Dr. Preston D. Cherry’s Website. Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.

Duration:00:35:38

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Long-Term Care Conversations With Loved Ones

5/27/2024
Join Dr. Preston D. Cherry and Danielle Miura, as they delve into the critical topic of long-term care conversations with loved ones. Plus, they break down the intricacies involved in navigating long-term care, from which topics to discuss to the financial implications of different care levels, such as in-home care and nursing homes. Want to learn more? Connect with us below! Danielle Miura on LinkedIn. Dr. Preston D. Cherry on LinkedIn. Dr. Preston D. Cherry’s Website. Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance. Click here to go to our website.

Duration:00:36:43

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Charitable Giving Strategy: Good Giving and Reduce Taxes

4/30/2024
Join Dr. Preston Cherry and Dr. Russell James, as they discuss how charitable giving and tax planning can work together. Plus, they break down tricky tax stuff, including how to deal with estate and income taxes smartly. Want to learn more? Connect with us below! Dr. Russell James on LinkedInDr. Preston D. Cherry on LinkedInDr. Preston D. Cherry’s WebsiteReady to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance. Click here to go to our website: https://concurrentfp.com

Duration:00:34:51

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Tips for Retiring Abroad Success

4/9/2024
Are you considering retiring abroad? Join Dr. Preston Cherry and Jane Mepham from El Gon Financial Advisors, as they unravel the mysteries of retiring outside the United States. From busting myths about U.S. taxation for expats to exploring the profound impact of culture and community, leave no stones unturned in this episode. Want to learn more? Connect with us below! Jane Mepham on LinkedInDr. Preston D. Cherry on LinkedInDr. Preston D. Cherry’s WebsiteReady to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance. Our website: https://concurrentfp.com

Duration:00:37:12

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Planning Retirement For Small Business Owners

3/19/2024
Are you thinking about retirement? As a business owner, if you’re not, you should be. This week, Dr. Preston Cherry is joined by Rickie Taylor to help business owners craft a retirement strategy that does double duty—fuelling your business growth while securing your retirement goals. Thanks to the SECURE Act 2.0, Dr. Cherry and Rickie Taylor dissect the potential of overlooked tax credits and deadlines that could transform the cost of setting up retirement plans from daunting to doable. From the solo entrepreneur to the traditional small business, Episode 34 equips listeners with the tools and best practices to achieve their vision of a financially secure future. Want to learn more? Connect with us below! Rickie Taylor on LinkedIn Dr. Preston D. Cherry on LinkedInDr. Preston D. Cherry’s Website Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance. Our website: https://concurrentfp.com

Duration:00:33:49

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Secure the Bag: Journey Not Jive with Marques Ogden

3/5/2024
When we say we’re “securing the bag,” do we really understand what we’re looking for? Marques Ogden, keynote speaker and former NFL player, joins me as “securing the bag” takes on a brand new definition as we peel back the layers to uncover the heart and soul of what it really means to achieve fulfillment in life. Through his vast experiences, Marques illustrates that the chase for the bag isn't just about the bank balance—it's about discovering hope, igniting inspiration, and celebrating personal victories that resonate far beyond the material. Looking to start aligning your life and money? Check out the links below! Marques' WebsiteLinkedinInstagramLinkedInDr. Preston D. Cherry’s WebsiteReady to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance. Our website: https://concurrentfp.com #SecuretheBag #LifeMoneyBalance #MarquesOgden #PersonalGrowth #FinancialSuccess

Duration:00:32:59

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Moving Couples from Conflict to Financial Harmony with Dr. Michael Thomas

2/20/2024
Are you hiding financial secrets from your partner? If you are, you’re not alone. A new study finds that about 42% of couples admit to keeping secrets about money; that’s almost half of all couples! This week, I sat down with Dr. Michael Thomas, Ph.D., AFC®, to discuss the often-overlooked issue of fiscal secrecy and its impact on relationships. A sneaky ice cream trip with the kids can sometimes become more than just a sweet treat, creating a pattern of behaviors detrimental to the relationship. Unveiling the reasons behind people’s financial actions, this episode with Dr. Thomas offers a guide out of the shadows of monetary mistrust. Want to hear more from Dr. Michael Thomas? Dr. Michael Thomas on LinkedInDr. Michael Thomas on XDr. Michael Thomas on InstagramDr. Michael Thomas’s book on Black Financial Culture Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance. Download your FREE guide: 10 Questions to Discover Your Money Mind, Aspirations & FreedomSubscribe to Life Money Balance® YouTube for content beyond the podcastDiscover a client relationship. Schedule a FREE, 20-minute Good Fit MeetingConnect with us across social media for more content - top right cornerFind your story & learn about services that fit your journeyThank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:36:08

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Does Your Mind Mess with Your Money?

2/6/2024
Today, we're not just crunching numbers; we're delving into the neuroscience behind your spending habits, as Dr. Alex Melkumian helps illuminate the chemical reactions like cortisol and oxytocin that drive our financial behaviors. From identifying emotional triggers to understanding money scripts shaped by our past, this conversation is a deep dive into aligning the heart and mind for smarter financial decisions. And as always, we remind you that while we're here to educate and inspire, nothing beats tailored advice from a financial professional when it comes to your personal money matters. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:29:44

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Using Reverse Mortgages for Finances Flexibility with Don Graves

1/23/2024
This week, we sit down with Don Graves, to have a discussion about retirement income planning. As we unravel the complexities of reverse mortgages, you'll discover the transformative potential these tools hold for your golden years. From debunking long-held myths to highlighting the modern applications of this misunderstood financial instrument, we dive into the heart of managing wealth when the traditional working years are behind you. This episode isn't just about presenting options; it's about equipping you with knowledge to make informed decisions in partnership with expert advisors, ensuring that your retirement planning is as robust and secure as possible. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:34:57

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Using Positive Psychology for New Year Finance Goals with Ashley Quamme

1/9/2024
Embark on a transformative journey with us as we explore the impact of positive psychology on financial resolutions, guided by the insightful expertise of Ashley Quamme. Discover how a shift in mindset, from mere goal-setting to embracing well-being and purpose, can turn your New Year's aspirations into reality. You'll learn the significance of writing down intentions for enhanced clarity and success, and why understanding the profound interplay between emotions and financial security is crucial for happiness. This episode promises to illuminate your path to financial well-being with the enlightening principles of positive psychology. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:31:27

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Concentration in Your Investment Portfolio

1/4/2024
Ever found yourself pondering whether to place your hard-earned cash into that one golden stock or to play it safe across the board? Join me, Dr. Preston Cherry, as we navigate the treacherous yet potentially lucrative waters of concentration risk in investment portfolios. Discover why betting big on a single sector, like tech, or diversifying your stakes among the vast sea of the S&P 500 can each steer your financial ship towards vastly different horizons. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:30:50

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How to Experience Retirement Transition with Charles H. Cherry, Jr

12/26/2023
Joining us on our latest episode is Charles H. Cherry Jr., my father, who brings a treasure trove of insights on how to gracefully glide into retirement. He and my mom have navigated the financial seas with a keen eye on their 401K and emergency funds, charting a course to a retirement filled with exploration, hobbies, and the luxury of time unbound by the nine-to-five. Through their story, we unearth the critical steps for financial security and the personal philosophies that have made their transition not just a mere change of pace, but an adventure in its own right. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:42:33

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Ways Money Shame Impacts Your Finances with Aja Evans

12/19/2023
Ever grappled with the discomfort that creeps in when checking your bank account? You're not alone. Pull up a chair as Dr. Preston Cherry, join forces with the remarkable Aja Evans to unravel the tangled web of emotions that underpin our financial behaviors. This meeting of minds on Life Money Balance goes beyond dollars and cents to address the psychological weight of money shame—a burden that knows no tax bracket. Prepare to have your eyes opened to the universal truths of financial emotions and the steps you can take to foster resilience and a healthier bank account. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:32:39

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Ways Secure Act 2.0 Helps Gen X Secure Retirement

12/8/2023
Are you ready to finally feel confident about your financial future? Let's dive into one of the most critical cornerstones of secure retirement planning - the Secure Act 2.0. We're breaking it down into four key ways in which this act can revolutionize your retirement strategy, particularly if you're a Gen Xer. From securing higher contribution rates to employer-sponsored retirement plans and aligning money with life goals to leveraging the Internal Revenue Code for financial planning, we're giving you the tools to navigate your journey towards financial security. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:30:53

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Understanding the Emotion and Money of Gen X Finances

12/5/2023
Ever feel like you're caught in the middle, financially? Between caring for adult children, supporting elderly parents, and preparing for your own retirement, navigating the financial landscape as a Gen Xer can seem overwhelming. But don't worry - we're here to help! Join Dr. Preston Cherry as he unpacks the unique money matters Gen Xers grapple with and explore empowering strategies to confidently take control of your finances. We're talking eye-opening statistics, the impact of inflation on retirement planning, and the magic of automating savings. So, gear up to take proactive steps in securing your financial future and cheers to our journey together in achieving your Life Money Balance. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:30:26

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Handle Black Friday and Cyber Week Spending For Your Finances

11/28/2023
Ready to take control of your holiday shopping and make well-informed financial decisions? That's what we're aiming for in this week's Life Money Balance podcast hosted by me, Dr. Preston Cherry. Today we'll chop it up about the trends in holiday spending, and how to make smart choices amidst fluctuating inflation rates and interest rates. During this holiday season, we're also going to cover why it's more important now, than ever, to be mindful of credit card usage and to align our funds in a way that can potentially earn us a return. We'll also explore the creation of a spending plan for high-income individuals, stressing the importance of prioritizing goals and paying oneself first. >>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom >>Subscribe to Life Money Balance® YouTube for content beyond the podcast >>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting >>Connect with us across social media for more content - top right corner >>Find your story & learn about services that fit your journey Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show. #lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Duration:00:31:02