Tag: Podcast

The Soul of Wealth with Author Dr. Daniel Crosby, Ph.D. (Episode 12)

The Soul of Wealth with Author Dr. Daniel Crosby, Ph.D. (Episode 12)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman engages with Dr. Daniel Crosby, a behavioral finance expert, to discuss the deeper meanings of wealth beyond mere numbers. They explore the importance of understanding personal values, the impact of behavior on financial decisions, and the connection between health and wealth. Dr. Crosby emphasizes the need for individuals to take control of their financial futures by focusing on what they can control, such as their earning potential and budgeting practices. The conversation highlights the significance of aligning financial goals with personal values and the psychological aspects of wealth management. In this conversation, Will Hoffman and Daniel explore the intricate relationship between wealth, behavioral biases, and personal relationships. They discuss how parenting influences financial perspectives, the impact of societal comparisons on individual wealth, and the importance of choosing the right partner in financial decision-making. Daniel emphasizes that true wealth encompasses more than just money, highlighting the significance of relationships, purpose, and personal fulfillment. The discussion also touches on the need for younger generations to embrace individuality and take risks in their financial journeys, while recognizing that money is a source of stress that requires thoughtful management.

Resources:

Takeaways:

  • Wealth is not just about numbers; it’s about understanding personal values.
  • Behavior plays a crucial role in building and maintaining wealth.
  • Identifying your values can be revealed through your budgeting practices.
  • Health is an integral part of wealth; one cannot exist without the other.
  • People often focus on external factors instead of what they can control in their financial lives.
  • The ‘why’ behind wealth is more important than the ‘how’ or ‘what’.
  • Comparison to others can lead to dissatisfaction and poor financial decisions.
  • Tracking spending and calories can reveal hidden truths about our habits.
  • Financial success is deeply tied to personal control and decision-making.
  • We should focus on our own goals rather than societal expectations. As a parent, guiding children to think differently about wealth is crucial.
  • Behavioral biases can lead to poor financial comparisons with others.
  • Empathy and collaboration are key to human success and wealth building.
  • Choosing the right partner is one of the most important financial decisions.
  • Financial compatibility is essential in relationships.
  • True wealth is about more than just accumulating money.
  • Satisfaction comes from optimizing for true wealth, not just dollars.
  • Retirement can lead to unhappiness if not planned for properly.
  • Younger generations should bet on themselves and embrace their uniqueness.
  • Money management is a lifelong pursuit that requires ongoing reflection.

Connect with Will Hoffman: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Navigating Financial Independence as a H.E.N.R.Y (Episode 11)

Navigating Financial Independence as a H.E.N.R.Y (Episode 11)

By |

Summary: In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck delve into wealth management strategies specifically tailored for high earners who are not yet financially independent, referred to as ‘Henrys’. They discuss the challenges these individuals face, such as student debt and lifestyle inflation, and provide actionable strategies for budgeting, investing, and diversifying income streams. The conversation also highlights the importance of personal development and offers real-life examples of successful individuals who have transcended their salaries to achieve financial success. The episode concludes with key takeaways and a call to action for listeners to start planning their financial futures now.

Resources:

Takeaways:

  • Understanding the term ‘Henry’ is crucial for financial planning.
  • High earners often face unique challenges that require tailored strategies.
  • Budgeting should be viewed as a proactive tool for financial success.
  • Investing early can significantly impact long-term wealth accumulation.
  • Diversifying income streams is essential for financial security.
  • Tax optimization is a critical aspect of wealth management.
  • Side hustles can provide additional income and opportunities for growth.
  • Personal development is key to advancing one’s career and financial status.
  • Real-life examples illustrate the potential for financial success beyond a salary.
  • Planning and discipline are vital for achieving financial independence.

Connect with Will Hoffman: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Money Matters: Before Marriage (Episode 10)

Money Matters: Before Marriage (Episode 10)

By |

Summary: In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck discuss the critical financial conversations that couples should have before marriage. They explore the importance of transparency about money, the legal implications of marriage, and the necessity of protecting assets through prenuptial agreements and wills. The episode emphasizes the need for life insurance and regular updates to financial documents to ensure that couples are prepared for any eventuality, ultimately aiming to prevent financial issues from jeopardizing their marriage.

Resources:

Takeaways:

  • Having open conversations about money is essential before marriage.
  • Understanding financial backgrounds can prevent future conflicts.
  • A financial inventory should include assets, liabilities, and credit scores.
  • Setting joint financial goals is crucial for a successful marriage.
  • Merging some financial accounts can foster transparency and trust.
  • Prenuptial agreements can protect individual assets and generational wealth.
  • Legal advice is important for estate planning and asset protection.
  • Regularly updating wills and beneficiaries is vital after marriage.
  • Life insurance is a key component of financial planning for couples.
  • Financial planning should be a collaborative effort between partners.

Connect with Will Hoffman: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

The Critical Role of Tax Planning in Financial Success (Episode 8)

The Critical Role of Tax Planning in Financial Success (Episode 8)

By |

Summary: In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck delve into the critical topic of tax planning and its significant impact on wealth management. They discuss the difference between tax planning and tax preparation, emphasizing the importance of proactive strategies to optimize tax situations over time. The conversation highlights the necessity of starting tax planning early, the need for a shift in mindset regarding tax preparation, and the value of working with specialists in the field. The hosts provide insights on how to approach tax planning tactically and strategically, ensuring that listeners understand the long-term benefits of thoughtful financial decisions.

Resources:

Connect with Will Hoffman: 

Takeaways:

  • Tax planning is crucial for wealth management.
  • Proactive tax strategies can significantly impact financial outcomes.
  • Tax preparation is merely a historical record of past actions.
  • Understanding the difference between tax planning and preparation is essential.
  • Starting tax planning early can lead to better financial health.
  • Regular check-ins on tax situations are important for long-term success.
  • Shifting the narrative from compliance to strategy is key.
  • A tactical approach to tax planning can yield substantial savings.
  • Collaboration with specialists enhances tax planning effectiveness.
  • Long-term tax strategies can alleviate stress during retirement.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Empowering the Next Generation with Financial Knowledge with Tim Smith from The Financial Dad (Episode 7)

Empowering the Next Generation with Financial Knowledge with Tim Smith from The Financial Dad (Episode 7)

By |

Summary: In this episode of Wealth on the Move, host Will Hoffman interviews Tim Smith, the creator of The Financial Dad podcast. They discuss the importance of financial education for young adults, the gaps in current financial literacy, and the motivation behind creating a platform that simplifies complex financial concepts. Tim shares his experiences and insights on how to effectively communicate financial knowledge to those who may not have had exposure to it, particularly focusing on the needs of entrepreneurs and the younger generation. In this conversation, Tim and Will discuss the importance of financial education, particularly for young adults. They reflect on their own experiences with financial literacy, the role of family in learning about personal finance, and the challenges faced by new entrepreneurs. Tim shares insights on transitioning from a long career in financial services to new ventures, emphasizing gratitude and the pursuit of new challenges. The discussion also touches on the significance of honoring past experiences while looking forward to future opportunities.

Connect with Will Hoffman: 

Connect with The Financial Dad:

Takeaways:

  • Retirement is no longer defined by age but by personal choice.
  • Coaching helps individuals rediscover their purpose during transitions.
  • The Retirement Wheel assesses various life aspects beyond finance.
  • Legacy is about love and impact, not just financial wealth.
  • Many retirees experience a sense of loss and need support to find purpose.
  • Ageism affects perceptions of self-worth in retirement.
  • It’s essential to nurture relationships during retirement.
  • Fear of change can prevent individuals from pursuing their passions.
  • Self-reflection is crucial in understanding one’s journey.
  • Honoring endings can lead to new beginnings and growth.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Your 2024 Last-Chance Financial Planning Checklist (Episode 5)

Your 2024 Last-Chance Financial Planning Checklist (Episode 5)

By |

Summary: In this episode, hosts Will Hoffman and Brynn Tarbuck discuss essential year-end financial planning strategies. They emphasize the importance of consulting with a CPA, reviewing tax situations, and preparing for the upcoming year. The conversation also touches on investment strategies, insurance reviews, and considerations for young professionals entering the workforce. As the year comes to a close, they encourage listeners to reflect on their financial goals and make necessary adjustments to ensure a prosperous new year.

Takeaways:

  • Schedule a discussion with your CPA before year-end.
  • Review your income and tax situation as the year closes.
  • Max out retirement contributions if possible.
  • Consider Roth IRA conversions based on your income.
  • Revisit your investment goals and strategies regularly.
  • Ensure your insurance coverage is adequate and up-to-date.
  • Discuss any major life changes with your financial advisor.
  • Utilize year-end checklists to stay organized.
  • Engage in financial planning early in your career.
  • Reflect on your financial goals as the new year approaches.

Resources:

  1.  2024 Last-Chance Financial Planning Checklist
  2.  Contact Us Today!
  3. Will’s Episode with Lizette Cloete, Caring for a loved one with dementia can be overwhelming, and financial planning often gets overlooked. Have you considered how to manage finances while providing care?Insights from Will Hoffman of https://www.hoffman-wealthmanagement.com/ emphasized the complexities involved in managing assets for loved ones and the transformative impact of estate planning, urging us to prioritize legal documentation such as powers of attorney to streamline decision-making processes.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Mindfulness and Core Values: Its Impact on Financial Well-Being and Life with Michele Walter (Ep. 24)

Mindfulness and Core Values: Its Impact on Financial Well-Being and Life with Michele Walter (Ep. 24)

By |

With constant changes and external pressures, finding our true purpose in life, establishing inner peace, and maintaining financial alignment can seem like an overwhelming task.

What changes can Gen X’ers make to find true balance?

In this episode of the Monetary Mixtape podcast, Will Hoffman chats with Michele L. Walter,  certified professional coach, mindfulness meditation teacher, and owner of Life From the Summit. 

Michele shares her personal journey from being a lawyer to a mindfulness coach and how mindfulness meditation transformed her life. Michele explores the power of mindfulness meditation, finding gratitude in challenging situations, and how to align financial decisions with personal values. 

Michele discusses: 

  • Her journey to mindfulness and coaching
  • The concept of mindfulness and the importance of awareness and compassion
  • Her personal experience as a Gen X’er and how reaching the age of 40s and 50s often leads to existential questions about our purpose in life
  • Where expectations come from and the difference between personal desires and societal pressures
  • The importance of core values and purpose 
  • The value of making small steps in various aspects of life
  • And more!

Resources:

Connect with Will Hoffman: 

Connect with Michele Walter:

About Our Guest: 

Michele L. Walter is the founder of Life From the Summit. She is an Associate Certified Coach (ICF), Certified Professional Coach (iPEC), Certified Mindful Meditation Teacher (SoundsTrue), Certified NUSHU Facilitator, seasoned litigator, 3-time Ironman, runner, mountaineer, and dog mom living in the beautiful Colorado mountains.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

 

Michele Walter and Life From the Summit are not affiliated with or endorsed by LPL Financial and Hoffman Wealth Management.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Understanding Behavioral Finance with Alice Heath (Ep. 18)

Understanding Behavioral Finance with Alice Heath (Ep. 18)

By |

Let’s dive into the psychology of behavioral finance!

Join Will Hoffman as he speaks with Alice Heath, a national accounts manager at Horizon Investments and a BFA® (behavioral financial advisor), who shares her knowledge of how psychology and emotions impact financial decisions. 

Alice explains how behavioral finance differs from classical finance, and why it’s become increasingly popular. She also talks about how bad investor behavior can negatively affect long-term performance and why taking a hands-off approach and trusting the process is important.

Listen and learn about:

  • The psychology behind investing and spending
  • How you can pass good financial behavior habits on to others
  • The importance of taking a hands-off approach and trusting the process
  • How Gen Xers can benefit from a self-reliant and results-oriented mindset
  • And more!

Resources:

Connect with Will Hoffman: 

Connect with Alice Heath:

About Our Guest: 

During her tenure in the financial services industry, Alice Heath has held several positions with varying responsibilities and titles, including associate, specialist, manager, and director. However, she takes the most pride in her unofficial titles as a friend, mentor, and leader. As a leader, Alice adopts a hands-on approach and believes that actions speak louder than words. Alice is passionate about helping and serving others, and this passion drives their performance. She finds fulfillment in meaningful relationships and achieving something greater than themselves. She enjoys working with teams and adapting their leadership style to the needs of the group to ensure overall success.

Alice Heath and Horizon Investments are not affiliated with or endorsed by LPL Financial or Hoffman Wealth Management.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Raising Money-Smart Kids with Justin Chung (Ep. 17)

Raising Money-Smart Kids with Justin Chung (Ep. 17)

By |

Financially unaware children often become financially unaware adults.

To help you raise money-smart kids, our guest, Justin Chung, host of the MoneyDad podcast, emphasizes the importance of incorporating money into your everyday routines and conversations with your children.

As fathers, Will and Justin discuss:

  • The advantages of introducing financial education to children at a young age
  • Opportunities for money discussions in everyday activities
  • How they encourage their own children to tap into their entrepreneurial mindset
  • Examples of how parents and children can benefit from learning financial concepts 
  • And more

Resources:

Connect with Will Hoffman: 

Connect with Justin Chung: 

About Our Guest: 

Justin Chung is a successful real estate investor, podcast host, husband, and father of two boys. He became interested in real estate investing in 2007 after purchasing a student rental property in Waterloo, Ontario with his father’s help. He continued to acquire more properties and built a multi-million dollar real estate portfolio through joint ventures while working a full-time job. In 2012. His mother passed away, which served as a catalyst for him to pursue his real estate investing goals and help family and friends build long-term wealth. He has received awards from the Real Estate Investment Network and Canadian Real Estate Wealth Magazine for his success in real estate investing.

Becoming a father in 2014 further inspired him to teach his children about money and wealth building. He believes in the importance of raising money-smart kids and has made it his goal to inspire other parents to have meaningful conversations with their children about money. He curates actionable and practical knowledge on strategies, tactics, and mindset secrets to help parents teach their kids about money and build wealth.

Justin Chung and MoneyDad podcast are not affiliated with or endorsed by LPL Financial, Hoffman Wealth Management, or Private Advisor Group.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Kay Kirkman, Your Gen X Dream Job Mentor (Ep. 15)

Kay Kirkman, Your Gen X Dream Job Mentor (Ep. 15)

By |

If you’re looking for guidance on how to turn your passion into a career, then this episode is for you! Get ready to be inspired by this week’s guest, Kay Kirkman, Career Clarity Coach and host of The GenX Career Show.

Listen in as Kay shares her four-step process for discovering your ideal career, and how you can break free from the mundane and explore new possibilities.

Join the conversation as Kay discusses:

  • Why you shouldn’t normalize discomfort and misery at work
  • Options that are available for you to find your passion
  • Her four-step process for discovering clarity and pursuing a dream job
  • And more!

Resources:

Connect with Kay Kirkman:

Connect with Will Hoffman: 

About Our Guest: 

Meet Kay Kirkman, a career expert and motivational speaker dedicated to helping GenX professionals discover their career passion and achieve fulfillment in their work. As the host of The GenX Career Show, Kay brings valuable insights and inspiring stories to help her listeners create a vision of their ideal career, get out of their heads and into action, and gain clarity and inspiration from successful guests.

With a wealth of experience in facilitating training sessions for companies, speaking at conferences and associations, and coaching individuals in career transition, Kay is passionate about helping people thrive in the workplace. Her approach is focused on helping clients get crystal clear on their goals and aspirations, and creating a practical plan to achieve them. She achieves this through a range of methods including career coaching, speaking engagements, training sessions, online courses, and live workshops.

Kay firmly believes that everyone deserves to find joy and fulfillment in their work, and is dedicated to reawakening possibility, redefining work, and reigniting dreams. By helping individuals find work they love, she aims to boost employee productivity, retention, and overall job satisfaction, and to reduce stress levels and strengthen relationships.

As a specialist in career coaching, personal branding, emotional intelligence, leadership development, and management skills, Kay has the expertise and skills to help individuals and teams achieve their full potential. Join her in her mission to change the world’s staggering statistics of unfulfillment and frustration in the workplace, one job seeker at a time.

Kay Kirkman and The GenX Career Show are not affiliated with or endorsed by LPL Financial, Hoffman Wealth Management, or Private Advisor Group.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

 

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More