Your Optimal Personal Economy-logo

Your Optimal Personal Economy

Podcasts >

More Information


United States








Episode 40 - Being Present and Feeling Empathy

What does it mean for a planner to be present? To be present with clients is to have a high level of self-awareness and ability to demonstrate empathy, according to Justin Bennett. But how do these personal skills powerfully impact the planner-client relationship? Justin is here to explain with examples from Bennett Financial. Here’s what you will learn in this episode: Tune in now and learn how to recognize whether your planner is being present with you! Resources: Bennett Financial...


Episode 39 - Are You Focused on Growth or Income?

Should you take a growth-focused or an income-focused approach with your investments? Justin Bennett has noticed that most consumers don’t understand how growth and income assets differ, let alone which one is suitable for their financial world. Today, Justin brings clarity to this subject by explaining how he helps clients determine whether to invest for growth or income. In this episode, you’ll learn: • What people tend to overlook when they consider investing for growth. • The key...


Episode 38 - Overweight on Your Burn Rate

How does an individual become overweight on their burn rate? Justin Bennett is here to answer this question—and it’s an issue that will hit home for many high performing professionals who are steadily increasing their income. Listen in as Justin guides his co-host, Matt Halloran, through a series of questions to illustrate how Bennett Financial helps individuals discover if they are overweight on their burn rate. In this episode you will learn: Tune in now and learn how you can achieve...


Episode 37 - Doesn’t Everybody Want The Same Thing?

Doesn't everybody want the same thing—to have health, wealth, success and protection for their families now and for generations to come? In Justin Bennett’s experience, most people want to leave a powerful and lasting legacy. In this episode, Justin explains how he helps clients with multi-generational planning that doesn’t compromise their lifestyle today. In this episode, you will learn: Tune in now and discover how you can leave a powerful legacy with help from a planner! Resources:...


Episode 36 - What is a Selfless Approach to Planning?

Have you noticed that our society has become more ME-driven? While many financial plans focus solely on what’s best for the client, Justin Bennett has designed a planning approach for those who are more focused on caring for those around them. This is not an approach that will resonate with everyone; it’s for people who are determined to lead selfless lives and to impact future generations. In this episode, you’ll learn: What it means to make selfless financial decisionsThe features and...


Episode 35: Conversations to Have Before You Exit Your Business

What is the best way to exit your business? This is a question that becomes more and more pressing for business owners as they approach their End Game. For Justin Bennett, an early conversation about exiting is the key to achieving optimal results. In this episode, he explains his approach to helping business owners plan for successful exits. In this episode, you’ll learn: - The difference between an inside sale and outside sale - How Justin addresses a common oversight among people...


Episode 34 - Discussion with a Client: The Value of a Relationship

Often when choosing a planner, you have to take a leap of faith. Take it from Chris Russell, who was an aspiring business owner when he enlisted Justin Bennett’s help with planning approximately 10 years ago. In this episode, Justin and Chris speak candidly about their advisor-client relationship and how they’ve inspired each other. Here’s what you will learn about in this episode: Tune in now and learn how a long-time client has benefitted from having a paradigm-shifting planner on his...


Episode 33 - Eight Life Lessons from Running a 100-Mile Race

After running 100 miles through the Colorado Rockies, Justin Bennett walked away from the Leadville Trail 100 Run with more than a coveted belt buckle. In this episode, Justin reflects on the race’s literal and figurative twists and turns, and he shares the eight lessons he learned along the way. Here is a preview of Justin’s takeaways: Life is a journey, enjoy the ride.The mind controls the body, the body doesn’t control the mindSuccess and legacy are not about having increases in...


Episode 32 - Why You Should Consider Life Insurance That Doesn’t Go Away

Are you aware of the benefits that permanent life insurance could offer you and your planning? Given the amount of misinformation out there, many people overlook this type of insurance as a suitable option. Today, Justin Bennett takes the opportunity to outline how permanent life insurance can be used as your friend in your planning. He explains how this insurance can fit into a plan and how it can allow retirees to spend more income from their investments during retirement compared to not...


Episode 31 - Mindset Going Into Running 100 Miles

What if you had 30 hours to run 100 miles? If 100 miles isn’t challenging enough, consider this: what if you’re also running at elevations of 9,200 to 12,600 feet? This is exactly what Justin Bennett set out to do. Justin recorded this podcast just days before participating in the legendary Leadville Trail 100 Run, a 100-mile ultramarathon trail run in the Colorado Rockies. In this special episode, Justin speaks about his training routine and how self-discipline took on a whole new...


Episode 30 - How Discipline Can Bring You Freedom

The more discipline you have, the more opportunities you’re bound to create. In today’s episode, Justin Bennett talks about that powerful correlation between discipline and freedom. This is a connection that Justin has experienced in his own life. By practicing discipline, he has learned to stay focused on creating the life he wants to live. Justin also shares the questions that he and his team ask clients. These questions are designed to help clients pinpoint what exactly they want in...


Episode 29 - Is DIY Financial Planning Right for You?

Do-it-yourself (DIY) is a trend that many consumers have adopted in many different areas. The platforms used for this DIY approach consist of (and are not limited to) Pinterest YouTube, Google, etc. After doing some “research”, you can self-categorize yourself as an “expert” in anything. Of course that comes with absolutely no experience and/or root knowledge. So....Is DIY the best approach for your financial planning? In today’s episode, Justin Bennett explains why many people take...


Episode 28 - Why You Should Consider a Reverse Pension Max.

There is a conversation you should have with your financial planner as early as possible—not as close to retirement as possible. This essential conversation is about the reverse pension max. In this episode, Justin Bennett explores different pension options for married couples. But he takes it a step further by discussing overlooked scenarios that could greatly impact payouts down the road. For instance, Justin explains the potential outcomes for couples who choose a joint and survivor...


Episode 27 - Why Do You Care How Much Money I Make?

Do you ever wonder how much money your financial planner earns? If so, you’re not alone. But why do people want to know? In this episode, Justin Bennett touches a topic that most planners won’t go near. He explores why people ask this question and why it seems to be socially acceptable. Justin also presents a new way of defining value in the financial service industry. Of course, Justin also explains how he handles this challenging question. Don’t miss out on this daring...


Episode 26 - Do You Understand Time Value of Money?

Today, Matt Halloran and Justin Bennett discuss an important economic concept called time value of money. Time value of money refers to the highest net rate of return available to an individual, family, or business. Whenever you spend a dollar somewhere, you’ve relinquished not only that dollar, but any interest it would have earned going forward. In other words, time value of money represents an opportunity cost when money is spent today instead of saved for tomorrow. Tune in and learn why...


Episode 25 - What You Need to Know About Monte Carlo Simulations

Can the past predict the future? Matt Halloran and Justin Bennett are exploring this question in their conversation about Monte Carlo simulation. In this episode, Justin explains how this financial forecasting tool fits into a comprehensive planning process. Justin also outlines the limitations of Monte Carlo simulations and shares what he believes might be our best overall predictors of success. Tune in and learn how Justin uses Monte Carlo simulations to help his clients optimize their...


Episode 24 - Have You Considered This Retirement Risk?

Have you ever heard of the longevity risk? Today, Justin Bennett discusses a vital consideration that people tend to overlook as they plan for retirement. With advancements in science and technology, we’re more likely than ever to live longer, healthier lives. This is good news. . . But, is your money going to last? Learn all about longevity risk in this latest episode! 2018-58986 Expiration 4/2020


Episode 23 - How to Prepare Mentally and Emotionally for Your Retirement

Most of us plan on retiring. However, the gravity of our decision may not set in until retirement is only a month away. Then, the idea of making that big announcement to family, friends, and colleagues can feel daunting. Today, Justin Bennett discusses the emotional and psychological experience of preparing for retirement. Get inspired to speak your decision into existence and get excited for this next phase of your life. Listen in and find out how you can strengthen your retirement...


Episode 22 - Brokers Are A Thing Of The Past

While the days of using brokers are long gone, investment management remains an essential component of an overall, macroeconomic plan. Justin Bennett and his team at Bennett Financial work with various investment managers who play an integral role. Utilizing an investment manager creates a less fragmented, broker-like approach because there will be ongoing management in line with a core philosophy. Tune into this episode and find out why Justin believes that investment management done...


Episode 21 - Planning Should Be Understood Over 60 Plus Years

It is common to try and perfect the 20-30 years of wealth building while growing a family and developing in a career. A traditional, successful approach may result in a sizable balance of investable assets. This traditional approach may also produce income during retirement that compromises lifestyle when looking at the income after taxes and after inflation. Thus, it is most optimal to understand how planning works for 60 plus years which consists of the wealth creation phase as well as the...