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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...


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...


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...


Episode 20 - Life Insurance Explained Using a Historical View

In order to appreciate and understand which type of life insurance is suitable for you, it is valuable to understand the innovations and changes to the life insurance business over the past 200 years. Learn about the topic of life insurance in a different manner in which it is often discussed and marketing. Feel great about the life insurance decision you make. As a result of becoming educated on the different types of life insurance, you can understand what is most appropriate for you...


Episode 15 - Do You Prefer the Same or Less

What if you were no longer generating an income? How much money would you have to support your lifestyle and expenses? In this episode, Justin discusses whether or not it’s beneficial to use your current bank account and IRA balances to supplement your emergency fund. Learn more in this podcast with Justin Bennett. 2018-52682 Expiration 1/20


Episode 14 - What You Need to Know About Gross Rate of Return vs. Net Rate of Return

In today’s society many people have a micro-perspective on their accounts. In other words, they look at their retirement and non-retirement accounts, do some quick calculations to determine what the rate of return might be, and then move on. But we need to take all of our investments into account and understand the difference between gross rate of return vs. the net rate of return to reach your optimal personal economy. Justin breaks down the differences between between gross rate of...


Episode 13 - Unconventional Coordination

When it comes to your finances, it is important to ensure that all of the professionals in your life are looking out for your best interest. Whether you’re saving for your children’s education or refinancing your home, when you work with the right professionals, they can help coordinate conversations with other professionals to get to the bottom of what’s important to you! Learn more about unconventional coordination with Justin Bennett in this podcast. 2017-51632 Expiration 12/19


Episode 12 - What Is Your Approach to Planning Now?

We live in a fast-paced world. Sometimes we end up checking off our boxes as go, rather than planning ahead. When it comes to managing our finances, we fall into a habit of acting reactively rather than proactively. In this podcast, I’m sharing a different approach to financial planning that involves what I call, “lifetime financial discipline.” 2017-51630 Expiration Date - 12/19


Episode 11 - What I Learned From Summiting 29,029 Feet

When Justin Bennett was challenged to travel from Stratton, Vermont to Summit Street in Vermont 17 times which is the equivalent of 29,029 feet which is the same height of Mount Everest, Justin accepted the challenge and began his journey. Not knowing what to expect other than it was going to be really difficult, he quickly learned it would be one of the toughest things he has ever done in his life. Learn more about Justin’s summiting trip and what he learned along the way in this...


Episode 10 - 7 Reasons to Work with a Professional

When tackling finances or their personal economy, people often try to do it on their own or they are unsure about working with a professional. These reasons can help you understand the advantages of working with a professional. A professional is someone that has expertise and knowledge in a certain craft. A professional in planning focuses on a macroeconomic view. However, in planning, it’s important to have someone help you understand your overall personal economy, create a customized...


Episode 9 - What is YOPE

Your Personal Economy is about focusing on what’s important in your world versus what’s going on or important to the world outside. It’s a mindset and a philosophy – to make decisions on what matters most. It measures what matters most to you including: family, home, health, wellness, dreams, goals, legacy, giving, and more. It only works when developed into a plan of action followed up by a discipline to implement and stay within this mindset. 2017-48297


Episode 8 - Money for Today and Money for Tomorrow

In this podcast, Justin shares how optimal planning requires a balance between money for today and money for tomorrow. Structure and discipline are necessary to implement this balance. Most people have their income deposited into one checking account. Throughout the month, they spend that money on current day lifestyle. In the event there is anything left at the end of the month, they may save some of that to have money for tomorrow. Oftentimes, this approach produces little to no money...


Episode 7 - What is More Important? Savings Rate or Rate of Return?

Most people focus solely on rate of return and are not aware that savings rate has a significantly larger impact on wealth building than rate of return. The rate of return conversation is what is marketed and it becomes a way to create immediate gratification (or not). By focusing on savings rate, you focus on what you can control and when doing so, you can create a more favorable (and enjoyable) outcome to your wealth building than if you solely focus on rate of return which is outside of...


Episode 6 - What to Expect From A Planner

With growing and demanding personal and professional lives, life continues to get more complex. With time being our only non-renewable resource, people continue to find themselves without the time to properly research and understand money decisions. In order to have a greater existence and being around your personal and professional lives, it is recommended that you work with a professional who is proficient in macroeconomic planning and is committed to a long term relationship. There are...


Episode 5 - Stop Thinking that Rates of Return are the Only Measure of Success

Justin Bennett shares how many people put their money into investments, yet they don’t understand how those investments will impact their short term and long term planning. It is often the case, that people don’t even understand the investment and/or the investment account itself. Justin and his team help clients understand how rates of return are one factor among many factors that should be taken into consideration to help achieve an optimal personal economy. Learn more about rates of...


Episode 3 - 8 Reasons Why Liquidity Matters

Justin shares the eight reasons why it’s important to have liquidity, and how the reasons build off one another, to help ensure people reach their optimal wealth building potential. Learn more about how Justin works with his clients to build liquidity and why it matters in this podcast.