Category: Travel

Why Don’t Schools Teach Personal Finance? w/ author Cary Siegel (Ep. 51)

Why Don’t Schools Teach Personal Finance? w/ author Cary Siegel (Ep. 51)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman engages with Cary Siegel, author of ‘Why Didn’t They Teach Me This in School?’ They discuss the critical need for financial literacy in education, the importance of teaching children about money management, and practical strategies for parents to fill the gaps in their own financial knowledge. Cary shares insights from his book, emphasizing the value of getting rich slowly, avoiding the pitfalls of comparison, and the necessity of negotiation in everyday life. The conversation highlights the shift from traditional pensions to personal financial responsibility, urging listeners to take charge of their financial futures. In this conversation, Cary Siegel shares invaluable financial wisdom, emphasizing the importance of budgeting, living below one’s means, and making informed financial decisions at various life stages. He discusses practical steps for new graduates, young families, and those approaching retirement, while reflecting on his own experiences during the financial crisis. Cary also debunks common money myths and encourages listeners to invest time in understanding personal finance.

Resources: 

Takeaways:

  • Financial literacy is lacking in schools.
  • Carrie Siegel wrote the book for his children.
  • Money management is crucial for all ages.
  • Parents should start teaching financial basics early.
  • Investing in a 401(k) is essential for future security.
  • Getting rich slowly is a sustainable approach.
  • Avoid comparing yourself to others financially.
  • Negotiation can lead to significant savings.
  • Understanding needs versus wants is vital.
  • Financial education should be a lifelong pursuit. Always have a budget and follow it.
  • Living below your means is crucial for financial stability.
  • Pay off your mortgage as quickly as possible for security.
  • New graduates should prioritize their IRA and loan repayments.
  • Enjoy life while making financial trade-offs.
  • Consider your children’s education costs early on.
  • Invest in the stock market for better returns over time.
  • Passive income is often not as passive as it seems.
  • Work hard and smart in your career for better opportunities.
  • Take time each week to learn about money management.

Connect with Will Hoffman: 

 

Disclosure: Cary Siegel and Why Didn’t They Teach Me This In School are not affiliated with Hoffman Wealth Management or Private Advisor Group

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Why the Rich Get Richer: Inside the Hilton Family Office with Mark Hilton (Episode 50)

Why the Rich Get Richer: Inside the Hilton Family Office with Mark Hilton (Episode 50)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Mark Miller, managing director of the Hilton Family Office, about the strategies and mindsets that have allowed the Hilton family to build and preserve their wealth across generations. They discuss the differences between retail and smart money investing, the importance of a long-term mindset, and the shift from traditional pension plans to 401(k)s. Mark shares insights on legacy planning, the significance of education for future generations, and how to structure investments for safety and growth. The conversation emphasizes the need for individuals to take responsibility for their financial futures and the value of understanding wealth management principles.

Resources: 

Takeaways:

  • The smart money operates with a long-term mindset.
  • Investors should focus on safety and security over chasing returns.
  • Education is crucial for passing wealth to future generations.
  • The average baby boomer is retiring with insufficient savings.
  • Wealth building is a personal responsibility.
  • The Hilton family prioritizes safety in their investment strategies.
  • Long-term thinking can lead to better investment outcomes.
  • Investments should be structured to minimize downside risk.
  • Family education on wealth management is essential.
  • Time is a key factor in building and preserving wealth.

Connect with Will Hoffman: 

 

Mark Miller and Hilton Tax & Wealth Advisors are not affiliated with Hoffman Wealth Management and Private Advisor Group.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

What Social Media Is Teaching Our Kids About Money (Episode 43)

What Social Media Is Teaching Our Kids About Money (Episode 43)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman is joined by Hoffman Wealth Management’s Director of Marketing, Brynn Tarbuck, for a candid and timely conversation on what social media is teaching kids about money — and where it’s getting it wrong. From flashy lifestyles and “get rich quick” narratives to misleading investment advice and the glamorization of debt, Will and Brynn break down five key areas where social media can distort young people’s understanding of wealth. Drawing from Will’s perspective as a father and advisor, and Brynn’s experience growing up alongside social media, the episode highlights the importance of budgeting, skill-building, realistic expectations, and understanding risk. The conversation also explores the dangers of confusing investing with gambling, the myth that financial freedom means quitting your job, and why true wealth is about optionality — not appearances. Ultimately, this episode serves as a guide for parents, young professionals, and anyone looking to build a healthier, more realistic relationship with money in a digital-first world.

Resources: 

Takeaways:

  • Social media often promotes looking rich, not being wealthy.
  • Wealthy individuals are typically intentional and disciplined with their money.
  • Budgeting is about control and clarity — not restriction.
  • Financial freedom means having options, not necessarily quitting work.
  • Being “rich by 25” is a myth; your 20s are for learning, earning, and making mistakes.
  • Expensive things do not equal success — value and price are not the same.
  • The fastest way to stay broke is trying to look wealthy.
  • Your job is not the enemy — skill-building is one of the greatest wealth drivers.
  • Credit cards and points can be tools, but debt is never free money.
  • Investing is not gambling; understanding risk is essential.
  • You don’t need massive risks or overnight wins to build wealth.
  • Diversified income streams require work — “passive” rarely means effortless.
  • Investing in yourself and your skills is the most reliable long-term strategy.
  • Parents should actively audit the financial content their kids are consuming.

 

Connect with Will Hoffman: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Why There Is No Such Thing as the “Perfect” Portfolio with Cullen Roche (Episode 42)

Why There Is No Such Thing as the “Perfect” Portfolio with Cullen Roche (Episode 42)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Cullen Roche, author of ‘Your Perfect Portfolio.’ They discuss Cullen’s background in financial advisory, the challenges of portfolio management, and the importance of creating a personalized investment strategy. Cullen emphasizes the pitfalls of performance chasing, the significance of diversification, and the behavioral aspects of investing. The conversation also touches on the difference between saving and investing, the need for realistic expectations, and the difficulties of consistently beating the market. Ultimately, they advocate for a sound financial plan tailored to individual needs rather than a one-size-fits-all approach. In this conversation, Cullen Roche discusses the complexities of financial planning, emphasizing that there is no one-size-fits-all approach to creating a perfect portfolio. He highlights the importance of adapting investment strategies over time, particularly as personal circumstances change, such as having children. The discussion also delves into the psychological aspects of investing, particularly how market losses can trigger emotional responses and the role of financial media in shaping investor behavior. Roche introduces the concept of time horizons in financial planning, advocating for a structured approach to asset allocation that considers both short-term and long-term needs.

Resources: 

Takeaways:

  • Cullen Roche emphasizes the importance of a personalized portfolio.
  • Performance chasing can lead to poor investment decisions.
  • Diversification is crucial for managing risk in portfolios.
  • Investing should be viewed as a methodical planning process.
  • Understanding the difference between saving and investing is key.
  • Setting realistic expectations is vital for investors.
  • The challenge of beating the market is significant.
  • Behavioral finance plays a critical role in investment success.
  • A sound financial plan should guide investment strategies.
  • Good diversification means not all parts of the portfolio perform well at the same time. Your perfect portfolio is about navigating towards your goals.
  • There is no single recipe for financial success.
  • Money changes over time, and so should your strategy.
  • Your financial needs will evolve as life circumstances change.
  • Children introduce new financial considerations and time horizons.
  • Long-term planning requires adaptability and foresight.
  • Understanding risk is crucial for effective financial planning.
  • Market losses trigger emotional responses tied to future consumption.
  • Financial media often amplifies fear and uncertainty.
  • A structured approach to asset allocation can provide peace of mind.

Connect with Will Hoffman: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

How to Pay Less for College with Scholarships & SAT Strategy | Dr. Dominique “Dr. P” Padurano (Episode 41)

How to Pay Less for College with Scholarships & SAT Strategy | Dr. Dominique “Dr. P” Padurano (Episode 41)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Dr. Dominique Padurano, founder of Crimson Coaching, about strategies for securing scholarships and navigating the college admissions process. They discuss the importance of education in changing financial trajectories, the role of standardized tests, and how to find the right college fit. Dr. P shares her personal journey, insights on mental health in college, and the services offered by Crimson Coaching to help students achieve their academic goals and reduce college costs.

Resources:

Takeaways:

  • Education is key to changing financial trajectories.
  • Dr. P’s background highlights the importance of mentorship.
  • College fit is crucial for student success.
  • Standardized tests can impact scholarship opportunities.
  • Merit aid can significantly reduce college costs.
  • Early planning can ease the college application process.
  • College visits help students understand their preferences.
  • Mental health plays a vital role in academic success.
  • Crimson Coaching offers personalized support for students.
  • Success stories demonstrate the financial impact of coaching.

Connect with Will Hoffman: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

How Should I Be Invested When Retired? (Episode 32)

How Should I Be Invested When Retired? (Episode 32)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman discusses the critical aspects of wealth management, particularly for retirees. He emphasizes that the question of how to invest should not be the primary concern; instead, understanding the need for liquidity and planning for both short-term and long-term financial goals is essential. Hoffman outlines strategies for securing income during retirement, the importance of maintaining a disciplined investment approach, and the need to navigate the distribution phase effectively. He encourages listeners to focus on long-term strategies rather than seeking quick stock tips, highlighting the importance of planning for future expenses and potential market fluctuations.

Takeaways:

  • The question of how to invest is often misguided.
  • Liquidity is crucial for retirees to enjoy their time.
  • Market timing is not a reliable strategy.
  • Investing should be based on long-term goals.
  • Retirement income should be secured for the short term.
  • The distribution phase of retirement is critical and challenging.
  • Good investment ideas take time to develop.
  • Discipline in investment strategy is essential for peace of mind.
  • Planning for inflation is necessary for long-term success.
  • Avoid the temptation of chasing hot stock tips.

Connect with Will Hoffman: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Maximizing Financial Aid: The FAFSA Guide with Tina Steele (Episode 30)

Maximizing Financial Aid: The FAFSA Guide with Tina Steele (Episode 30)

By |

Summary: In this episode of Wealth on the Move, Will Hoffman speaks with Tina Steele, the FAFSA guru, about the intricacies of the FAFSA process and how families can maximize their financial aid opportunities. They discuss the importance of understanding FAFSA, the changes that have occurred recently, and strategies for families to navigate the financial aid landscape effectively. Tina shares insights on common mistakes families make, the significance of documentation, and the future of FAFSA, including new technologies that will aid in the process. This conversation is essential for parents and students preparing for college funding.

Resources:

Takeaways:

  • FAFSA is crucial for all students attending college.
  • Filling out FAFSA is necessary every year for financial aid.
  • Many families mistakenly believe they won’t qualify for aid.
  • Child support is now treated as an asset in FAFSA calculations.
  • Families can report special circumstances to financial aid offices.
  • It’s important to appeal financial aid offers for potential increases.
  • NIL income can affect financial aid eligibility for student-athletes.
  • Common mistakes include misreporting assets and missing deadlines.
  • Documentation is key for the FAFSA process and potential verification.
  • The FAFSA process is evolving with new technologies for assistance.

Connect with Will Hoffman: 

 

Tina Steele and The FAFSA Guru not affiliated with Hoffman Wealth Management and Private Advisor Group. This presentation is not intended as specific financial advice for any individual.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

How to Win Scholarships & Pay for College Without Student Loans with Dave Peterson (Episode 29)

How to Win Scholarships & Pay for College Without Student Loans with Dave Peterson (Episode 29)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman discusses the challenges of funding college education with expert Dave Peterson. They explore the vast opportunities available through scholarships, the misconceptions surrounding them, and the importance of starting the scholarship search early. Peterson shares insights on different types of scholarships, the scholarship application process, and how to build a compelling personal narrative. The conversation emphasizes the need for parents and students to be proactive in seeking financial aid to alleviate the burden of student loans and ensure a successful educational journey.

Resources:

Takeaways:

  • There is a significant amount of scholarship money available, much of which goes unclaimed.
  • Scholarships are not just for seniors; opportunities exist for younger students as well.
  • A strong personal narrative is crucial for winning scholarships.
  • Students should start applying for scholarships as early as possible.
  • Many scholarships do not require high GPAs or test scores.
  • Building a personal narrative involves academics, extracurriculars, volunteering, and work experience.
  • Avoid applying for illegitimate scholarships that ask for sensitive information.
  • The scholarship application process requires attention to detail and following instructions.
  • Students can earn scholarships even after high school graduation.
  • Utilizing resources like Scholarship GPS can help streamline the scholarship search process.

Connect with Will Hoffman: 

 

Dave Peterson and Scholarship GPS not affiliated with Hoffman Wealth Management and Private Advisor Group. This presentation is not intended as specific financial advice for any individual.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Healthy Wealthy Longevity: A New Prospective with Jon Sabes (Episode 28)

Healthy Wealthy Longevity: A New Prospective with Jon Sabes (Episode 28)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman engages with John Sabes, author of ‘Healthy Wealthy Longevity.’ They discuss the critical importance of longevity as a financial risk, the role of self-care and health in financial planning, and the impact of lifestyle choices on longevity. John shares insights on epigenetics and how our lifestyle influences gene expression, emphasizing the need for individuals to invest in their health to ensure a vibrant life as they age. The conversation also touches on the future of health and wealth innovation, and the importance of planning for uncertainty in life expectancy.

Resources:

Takeaways:

  • Longevity is a significant risk to retirement portfolios.
  • Self-care and health are crucial for a fulfilling life.
  • Investing in yourself is the best financial decision.
  • Lifestyle choices greatly influence longevity and health.
  • Epigenetics shows that our lifestyle affects gene expression.
  • Planning for retirement must consider the unpredictability of life expectancy.
  • The worst outcome in aging is to be alone and poor.
  • Financial advisors should focus on holistic well-being, not just investments.
  • Maintaining muscle mass is vital for health span and longevity.
  • Living with purpose and connection enhances overall longevity.

Connect with Jon Sabes:

Connect with Will Hoffman: 

John Sabes and Longevity Financial Partners are not affiliated with Hoffman Wealth Management and Private Advisor Group. This presentation is not intended as specific financial advice for any individual.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

The NIL Revolution: Transforming College Sports with Kristi Dosh (Episode 27)

The NIL Revolution: Transforming College Sports with Kristi Dosh (Episode 27)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman and NIL expert Kristi Dosh delve into the transformative landscape of Name, Image, and Likeness (NIL) in college sports. They discuss the evolution of NIL rules, the financial implications for student-athletes, and the importance of building a personal brand through social media. Kristi shares insights on navigating contracts, the role of agents, and the tax responsibilities that come with NIL deals. The conversation also highlights the future of NIL, including market inefficiencies and undervalued opportunities for athletes.

Resources:

Takeaways:

  • NIL has revolutionized the financial landscape for college athletes.
  • The rules around NIL have changed significantly since July 2021.
  • Athletes must navigate a complex and evolving NIL environment.
  • Written contracts are essential for NIL deals to avoid misunderstandings.
  • Many athletes may not need agents but should consider hiring attorneys.
  • Tax implications are a crucial aspect of NIL earnings for athletes.
  • Social media presence is vital for building a personal brand.
  • Athletes should diversify their content beyond just their sport.
  • NIL opportunities can extend into coaching and clinics for athletes.
  • The future of NIL may see more states allowing high school athletes to participate

Connect with Will Hoffman: 

Kristi Dosh and Business of College Sports are not affiliated with Hoffman Wealth Management and Private Advisor Group. Hoffman Wealth Management and Private Advisor Group do not provide tax or legal advice. This presentation is not intended as specific financial,  tax or legal advice for any individual. Please consult with qualified professionals for these types of advice.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More