The Art of Wealth Unbroken
Business & Economics Podcasts
The Art of Wealth Unbroken podcast is specifically researched for investors that are on a path of success in achieving their retirement goals, but are just as focused on their planning to not expose their wealth to avoidable mistakes. You will have a better understanding of the common mistakes often made, how to navigate around those pitfalls, and be more educated during these financial times. Our hosts, Michael Wallin and Stacey Andres, are seasoned professionals in the field of financial planning and investment strategies. These discussions are designed to give you the knowledge you need to become financially independent to live the lifestyle you’ve always imagined and how to protect it.
Location:
United States
Description:
The Art of Wealth Unbroken podcast is specifically researched for investors that are on a path of success in achieving their retirement goals, but are just as focused on their planning to not expose their wealth to avoidable mistakes. You will have a better understanding of the common mistakes often made, how to navigate around those pitfalls, and be more educated during these financial times. Our hosts, Michael Wallin and Stacey Andres, are seasoned professionals in the field of financial planning and investment strategies. These discussions are designed to give you the knowledge you need to become financially independent to live the lifestyle you’ve always imagined and how to protect it.
Language:
English
Episodes
The Importance of Having a Trust
8/22/2022
Last week, we talked about the importance of having a personal care plan in the event your physical or mental health takes a turn. It's also vitally important to have a trust. A trust is a legal document that allows you retain control of your assets both before and after your death.
Stacey shares the sad story of a client who put off setting up a trust. Her health unexpectedly changed, and the next thing she knew, her relatives were in a courtroom getting control of her assets. It's a...
Duration:00:14:28
Planning Ahead for When Our Health Takes a Turn For The Worse
8/15/2022
What happens when your health takes a turn? Having a plan in place is one of the most important things you can do for your and your family's future.
Today, Michael and Stacey talk about why it's so important to do this, and how to get started. Mike shares a story of a client that made the mistake of thinking she had a plan in place.
These conversations are very difficult to have, but coming up with a personal care plan is of the utmost importance. Our hosts share some sobering statistics...
Duration:00:16:23
Seeking Answers to better Questions to Reduce Anxiety
8/8/2022
Today’s show comes to us from an article published by Michael Kitces’ team titled, “Questions, Not Answers: Conversations For Advisors To Navigate Clients’ Anxiety Around Change” released on May 4, 2022. Investors, particularly in turbulent times, can have narratives that will compound the negative impacts to their finances.
Often, an advisor's reaction is to tell the client that their plan is working, and not to worry. But as we dig into the area of personal finance - that's often not...
Duration:00:16:42
Buffered ETF's - Why, How, and Terms
8/1/2022
Last week, Michael Wallin and Stacey Andres spoke about investment vehicles for your second, or "mid range" bucket. One such vehicle is known as a "Buffered ETF." Today, they break down the why, the how, and the terms of these products.
Stacey explains the growth potential in Buffered ETF's, that simultaneously offer downside protection. As Michael adds, it's a way to diversify your portfolio away from traditional stocks and bonds. It's also a nice alternative to panicking and leaving the...
Duration:00:12:51
Growth Vehicles for Your Safe Money Bucket
7/25/2022
Michael Wallin and Stacey Andres have talked in previous episodes about the three buckets of financial planning - short, medium, and long term. Today we are focused on the medium term or "safe money" bucket. We'll cover some safe growth vehicles for this safe money bucket.
We'll tackle the pros and cons of
In our next episode we'll take a deeper dive into these Buffered ETF vehicles.
To receive your free Arc of Life Report, or to talk to Michael, Stacey, and the team at Optivise Advisory...
Duration:00:15:20
Running Right in the Wrong Direction
7/18/2022
The markets have had a rough first half of 2022, and our natural instinct is to run. But time and time again, we hear that we need to "stay the course." Why is this so difficult? It's because we are fighting our own brain chemistry!
Behavioral finance takes a look at how our psychology affects how we invest. Key to this is loss aversion - we feel twice as much pain losing $20 as we do pleasure finding $20! A bad experience can significantly impact a person, a corporation, even a country's...
Duration:00:13:34
Selecting the Right Adviser to Navigate You to the Island of Financial Independence
7/11/2022
How do you select the right financial advisor? Too often, investors focus on investment returns and lose sight of the bigger picture. Does your advisor align with your personal values, risk tolerance, and investment philosophy? What are their methodologies? Have they successfully navigated their clients through economic storms before? The best advisors get to know their clients. They don't just sell to them.
82% of Americans say their values play a role in how they manage their finances....
Duration:00:13:43
Top 3 Reasons You Need An Expense Plan in Recessionary Times
7/4/2022
Having an expense plan is always important, but especially so during recessionary times. Today, Michael and Jag go over the 3 Reasons to have a plan.
#1. Understanding what is essential and what is a luxury. Said another way needs versus wants. These can be classified into discretionary vs non-discretionary expenses.
#2 An expense plan is needed is to understand the difference between inflationary and non-inflationary expenses. This is captured also in our Life Arc Plan expense portal,...
Duration:00:14:25
What Is A Plan?
6/27/2022
"Begin with the end in mind." - Stephen Covey
This is good advice for creating your financial plan, according to Michael Wallin. Mike and Jag talk today about financial plans. They should start with defining short, medium, and long term goals. Tragically, too many people either start planning too late in life, don't have a direction to go in - or both!
With the Life Arc plan, Michael and Stacey Andres really get to know their clients, through 10 key areas - investment, social security,...
Duration:00:13:59
How Does National Debt Affect Me?
6/20/2022
Today, Michael Wallin and Jag talk about our national debt, and why it's important for you to understand how it could affect your bottom line.
Over the life of the United States, we've come to rely more on tax revenue from our citizens and corporations, as opposed to tariff revenues on imported goods. And the government spends a lot of money - on social security, Medicare, Medicaid, our military, and more. And much like our personal budgets, when you've got more money going out than coming...
Duration:00:16:22
Knowing Your Budget
6/13/2022
The key to any type of financial planning is knowing your budget. Today, Michael Wallin and Jag break down the 7 stages of financial freedom, as reported by Acorn/CNBC's Ryan Ermey here: https://grow.acorns.com/self-made-millionaire-grant-sabatier-levels-of-financial-freedom/
The key to moving through each of these steps is a budget. Knowing what it is, and what in it is going to change! Inflation does not affect all things equally. And if your advisor is inflating the amount of money you...
Duration:00:12:33
Where Have The Returns Come From?
6/6/2022
This week, Michael Wallin and Stacey Andres look at the the market and what has caused 2022 returns to sit where they are, as we recorded this on Thursday, June 2nd. Michael opens the show by breaking down the hard numbers.
Next, Stacey looks at the why. The market correction of 2022 has been all about higher rates, inflation, an exogenous geopolitical events and not about an economic or earnings slowdown – which may surprise some.
Once again, both Stacey and Michael caution against giving...
Duration:00:17:10
Embracing Volatility
5/31/2022
Today, Michael Wallin and Jag are talking about something we are currently seeing in the markets - volatility. A number of factors are driving this volatility, including the Ukraine/Russia war, inflation, the market’s uncertainty of whether or not the government is going to slow down the economy without over tightening the money supply, global supply chain problems, and domestic employment issues.
A solid investment strategy, however, should already have market volatility built in to the...
Duration:00:14:41
The Power of Thinking Well
5/23/2022
"Thinking Well" - it could be a super power. At the very least, it's a character trait that's vital in our current state of market volatility.
Fear is a powerful emotion. Michael Wallin equates market panic to the reaction the movie Jaws - when people were suddenly afraid to go to the beach. When you look at the numbers of actual shark attacks, that fear was largely unfounded. That same overreaction and panic often causes people to exit the market or make changes to their investments -...
Duration:00:16:15
How the 3 Bucket Strategy Applies in 2022
5/16/2022
Today, Stacey Andres and Jag revisit the "Three Bucket Strategy" - investing your money for the short, medium, and long term - and looking at it through the lens of volatility we've seen so far in 2022.
As mentioned in the 7 Habits of Highly Effective People, you should begin with the end in mind. Think about how much money you're going to need to live in retirement. Then, what expenses will you have in the short and medium terms?
Be more conservative in the first, or short-term bucket....
Duration:00:15:40
Measuring What Matters
5/9/2022
Today, Michael, Stacey and Jag walk through the process of how they take care of new clients, in particular with the LifeArcPlan, still available for podcast listeners on our website, https://www.artofwealthunbroken.com/
This, living, breathing, document allows investors to input all of their financial information and helps Michael and Stacey work with them to formulate an overall, holistic financial plan.
As Michael says, we live in a technology world, so why not use the best technology?...
Duration:00:14:02
Success As It Relates to Financial Planning
5/2/2022
What is success when it comes to your financial future? While most people see that as a destination, a better way to look at it is as a direction. And that all starts with a plan. Too often, folks meet with Michael Wallin and Stacey Andres and they have pieces of their financial future figured out, but not a cohesive plan.
Today we look at the InfoRight Process and the six pillars of financial planning - Investment, Tax, Income Planning, HealthCare, Wealth Transfer, and Estate Planning. We...
Duration:00:14:48
Inflation Revisited
4/25/2022
Last week, we saw Year over Year inflation numbers for the month of March and the results were worse than we expected. With the annual inflation rate at 8.5%, Michael Wallin and Stacey Andres wanted to revisit our discussion of inflation.
First, we define inflation and talk about how it's measured. Michael looks at what goods cost from 1972 to 2002 and now 2022. And we talk about what all these numbers mean for you, as the listener.
Inflation doesn't affect everyone the same. We talk about...
Duration:00:19:41
Tax Free Retirement: The Solution
4/18/2022
Last week, Stacey Andres and Jag talked about the problem around tax free retirement. The government pulled in $3.42 Trillion in 2020. 88% of that went to social security, Medicare, Medicaid, and service on our national debt. That doesn't even count defense spending, infrastructure, or anything else!
In fact, if you want to see a visual representation of this, you can visit: https://usdebtclock.org/
As we stated last week, the government needs to find money, which means taxes are likely to...
Duration:00:15:37
Tax Free Retirement: The Problem
4/11/2022
In the first of our two-part series on tax free retirement, we describe the problem . Next week, in part 2, we'll cover the solution.
According to a 2000 survey (and these percentages are still true today):
4%Obviously we all want to be in that 4%. A major factor in this can be retirement planning, especially tax planning.
Former comptroller of the United States, David Walker said a decade ago on our current fiscal path, the United States could be heading toward bankruptcy, unless future...
Duration:00:16:17