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Your Optimal Personal Economy

Podcasts >

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Location:

United States

Genres:

Podcasts

Language:

English

Contact:

732.897.4096


Episodes

Episode 16 - Everything is Different Now

1/18/2018
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In this episode Justin shares how the financial planning approach has changed over the years. The approaches that were taken for the previous generation no longer work the same as they do for those who are now planning and approaching retirement years. We are in a totally different time now and the planning approach, mindset and expectations are dramatically different than those of the previous generation. Learn more about the new paradigm of Lifetime Financial Discipline in this podcast...

Duration: 00:08:08


Episode 15 - Do You Prefer the Same or Less

1/18/2018
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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

Duration: 00:08:42


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

1/8/2018
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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...

Duration: 00:08:16


Episode 13 - Unconventional Coordination

1/8/2018
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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

Duration: 00:14:28


Episode 12 - What Is Your Approach to Planning Now?

1/3/2018
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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

Duration: 00:14:31


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

12/19/2017
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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...

Duration: 00:12:06


Episode 10 - 7 Reasons to Work with a Professional

11/17/2017
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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...

Duration: 00:09:56


Episode 9 - What is YOPE

11/17/2017
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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

Duration: 00:17:41


Episode 8 - Money for Today and Money for Tomorrow

11/17/2017
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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...

Duration: 00:10:13


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

9/30/2017
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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...

Duration: 00:15:02


Episode 6 - What to Expect From A Planner

9/15/2017
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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...

Duration: 00:19:32


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

7/20/2017
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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...

Duration: 00:20:12


Episode 4 - Investments Make Bad Insurance and Insurance Makes Bad Investments

7/5/2017
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Justin shares how many have tackled Insurance and Investment decisions as though the two are fighting each other over who gets your money. Some put all of their money in investments (with some term life insurance) while others put all of their money in insurance (with just a little in investments). Both approaches share an objective that you will reach your End Game and move into a phase where your income is coming from your money and you are no longer working to generate the income. When...

Duration: 00:19:57


Episode 3 - 8 Reasons Why Liquidity Matters

6/13/2017
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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.

Duration: 00:21:13


Episode 2 - A Different Paradigm Creates Different Results

6/12/2017
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Justin shares how certain beliefs or paradigms around planning, money, and decisions will lead to certain results. A lot of people are used to the conventional paradigm that leads to a very transactional-based life. Due to this, many people get results in life that they don’t necessarily want. Justin and his team help build a plan based on your current net worth, disciplines, inefficiencies, and how you can work around them, getting you on a track that will lead to a good range of wealth...

Duration: 00:20:19