Learn how your brain and your money can work together to help you achieve financial success and stability.
*The information provided in this podcast does not constitute a formal endorsement of any company, its products, or services by the military. Specifically, the appearance or use of external hyperlinks does not constitute endorsement by the military of the linked websites, or the information, products, or servi ...
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Olivia addresses the 5 elephants in the room when it comes to couples and money. Olivia incorporates the writings of David Bach, author of Smart Couples Finish Rich. “It doesn’t matter if you love your spouse or partner more than anything in the world. If the two of you have conflicting values about money and make financial decisions that fail to accommodate each other’s feelings about the subject, you are going to have serious relationship problems.” Funny YouTube video re: inflation: https://youtu.be/5IP2Go7LHQA?si=cZ9lNjX2IJkW5tx7 Time Value Calculators: Future Value Calculator Present Value Calculator
Olivia continues discussion on investing beyond your 401(k), applying FINRA’s four key principles of investing: 1) be informed; 2) be prudent; 3) be diversified; 4) be consistent. Olivia and Matt help you assess whether you’re ready to invest beyond the 401(k) and take a second glance at what nontraditional investments can increase your net worth and overall wellbeing. Guest contributor, Matt Zayd, is an Accredited Financial Counselor® candidate. If you are a Redstone Arsenal military member, retiree, DoD civilian, veteran with base access, or family member, consider setting up a financial appointment with Olivia at 256-876-6299. Reserve and Guard members in the Huntsville, AL commutable area can utilize the Personal Financial Counselor at 571-361-2260. Referenced Material: FINRA FINRA Barred Broker FINRA Broker Check FINRA Fund Analyzer FINRA Smart Investing Courses Investment Philosophy Quiz
Olivia encourages you to think about investing beyond your 401(k), using FINRA’s educational platform as a rubric. Olivia and Matt help you understand the differences in saving vs. investing, active vs. passive investing, generational differences, risk tolerance, and whether you’re ready to invest beyond the 401(k). Guest contributor, Matt Zayd, is an Accredited Financial Counselor® candidate. If you are a Redstone Arsenal military member, retiree, DoD civilian, veteran with base access, or family member, consider setting up a financial appointment with Olivia at 256-876-6299. Reserve and Guard members in the Huntsville, AL commutable area can utilize the Personal Financial Counselor at 571-361-2260. Referenced Material: FINRA FINRA Barred Broker FINRA Broker Check FINRA Fund Analyzer FINRA Smart Investing Courses Investment Philosophy Quiz
A disabling sickness or condition in the family (or extended family) can create financial and psychological distress. Olivia validates those fears, offering tools and buffers to prevent or mitigate caregiver burnout. Guest contributor, Matt Zayd, is an Accredited Financial Counselor® candidate. If you are a Redstone Arsenal military member, retiree, DoD civilian, veteran with base access, or family member, consider setting up a financial appointment with Olivia at 256-876-6299. Reserve and Guard members in the Huntsville, AL commutable area can utilize the Personal Financial Counselor at 571-361-2260. Referenced Material: Money Geek Article (offers several clickable links to several non-military financial resources) Caregiver Support Groups Military and family members have access to the Exceptional Family Member Program and Tricare, providing additional resources for a disabling sickness or condition. Common Military Training (aka Financial Touchpoints) can be accessed with the below links. Better yet, set up a 1:1 in-person session with your local Financial Readiness Program. Air Force Touchpoints Army Touchpoints
Two therapists help you examine how you THINK with money, which impacts how you feel and ultimately behave with money. The top 10 cognitive distortions that plague our everyday thinking are generalized to money. In this episode, you will be given the tools to challenge the distorted financial thoughts with several evidence-based techniques. If it works in the clinical session, it can work in the financial session. Consider joining us for the Compulsive Spending class on 4 SEP at 11CT. Link coming soon.