Don't wait! Catch those small fish and watch them grow "in your own pond"!Just like how small fish grow over time to be big fish, seemingly small amounts of money can grow substantially over time as well. (02:08)Putting that fish into your own personal pond to grow would be like the first step in building wealth. (02:34)Or a 401(k) plan at work that may match what you put in up to a certain percent. So you throw in a fish and you get one free. (03:23)Quote for the episode: "Grab those little fish, those small fish, they may not seem too important right now, and put them into your ponds when you're young and watch them grow." (03:37) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Don't wait! Catch those small fish and watch them grow "in your own pond"!<ul><li>Just like how small fish grow over time to be big fish, seemingly small amounts of money can grow substantially over time as well. (02:08)</li><li>Putting that fish into your own personal pond to grow would be like the first step in building wealth. (02:34)</li><li>Or a 401(k) plan at work that may match what you put in up to a certain percent. So you throw in a fish and you get one free. (03:23)</li></ul>Quote for the episode: "Grab those little fish, those small fish, they may not seem too important right now, and put them into your ponds when you're young and watch them grow." (03:37) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

The Fisherman and the Little Fish | Series 8.9

Waiting for the perfect scenario can get in the way of making any progress at all!Now, right now, today is almost always better than perfect. (02:08)So get out there, get the insurance policy now and then when you get in better health, go get a new one to replace it. (03:14)Saving towards yourself can be another common example. "I just want to buy this or that first, then then I'll really start to save I'm still young, right?" Well, you put it off for a year and then two years and it could be a few $100,000 less you have now for retirement because this money has 30 to 40 years to be growing and building off of itself. (03:21)Quote for the episode: "There's never going to be a perfect time because action today means that you're probably a little less likely to be eating that snail down the road." (03:50)  Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Waiting for the perfect scenario can get in the way of making any progress at all!<ul><li>Now, right now, today is almost always better than perfect. (02:08)</li><li>So get out there, get the insurance policy now and then when you get in better health, go get a new one to replace it. (03:14)</li><li>Saving towards yourself can be another common example. "I just want to buy this or that first, then then I'll really start to save I'm still young, right?" Well, you put it off for a year and then two years and it could be a few $100,000 less you have now for retirement because this money has 30 to 40 years to be growing and building off of itself. (03:21)</li></ul>Quote for the episode: "There's never going to be a perfect time because action today means that you're probably a little less likely to be eating that snail down the road." (03:50) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

The Master Heron | Series 8.8

Accidents will happen in life so captain your ship or at least hire one!"Yes", he replied, "the boat went past me first on its way towards you." "You were lucky it missed you. I wasn't so lucky." "Well," said the newcomer, "I saw that it might hit me so I moved out of the way." (01:51)Empty boats in the way of a job loss to a car accident to a house fire to a fall down the stairs, it can all hit us when we're unaware. (02:28)By planning for these occurrences though ahead of time, we can avoid our boat being wrecked, even if we can't always avoid it being hit. (02:38)Quote for the episode: "And in all of it by having a plan we're picking up our heads and we're looking upstream and we're ready with an oar in our hand to try to get out of the way." (03:07)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Accidents will happen in life so captain your ship or at least hire one!<ul><li>"Yes", he replied, "the boat went past me first on its way towards you." "You were lucky it missed you. I wasn't so lucky." "Well," said the newcomer, "I saw that it might hit me so I moved out of the way." (01:51)</li><li>Empty boats in the way of a job loss to a car accident to a house fire to a fall down the stairs, it can all hit us when we're unaware. (02:28)</li><li>By planning for these occurrences though ahead of time, we can avoid our boat being wrecked, even if we can't always avoid it being hit. (02:38)</li></ul>Quote for the episode: "And in all of it by having a plan we're picking up our heads and we're looking upstream and we're ready with an oar in our hand to try to get out of the way." (03:07)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

The Empty Boat | Series 8.7

"Little by little, a little becomes a lot...plus compounding interest!" - paraphrasing a Tanzanian proverbYou get your first 401(k) statement that you threw a couple pebbles into and it essentially says you know, "well thanks for playing, but you still have pretty much nothing", right? (02:19)And the great thing, unlike the crow with his little pebbles, the pebbles that we're using those amounts grow on themselves. (02:46)Every dollar that you put in grows on the next dollar and the next dollar. So every pebble, when you do it, is going to raise the water up faster to the surface than the one before it. (02:53)Quote for the episode: "If you were wanting to retire tomorrow, it probably wouldn't matter if you threw in a couple more pebbles. It really wouldn't. If you're retiring 30 years from now though, it certainly does matter a lot." (03:29) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

"Little by little, a little becomes a lot...plus compounding interest!" - paraphrasing a Tanzanian proverb<ul><li>You get your first 401(k) statement that you threw a couple pebbles into and it essentially says you know, "well thanks for playing, but you still have pretty much nothing", right? (02:19)</li><li>And the great thing, unlike the crow with his little pebbles, the pebbles that we're using those amounts grow on themselves. (02:46)</li><li>Every dollar that you put in grows on the next dollar and the next dollar. So every pebble, when you do it, is going to raise the water up faster to the surface than the one before it. (02:53)</li></ul>Quote for the episode: "If you were wanting to retire tomorrow, it probably wouldn't matter if you threw in a couple more pebbles. It really wouldn't. If you're retiring 30 years from now though, it certainly does matter a lot." (03:29) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

The Crow and the Pitcher | Series 8.6

New information can lead to making new and different decisions!Jimmy replied, "Well, I'm not going to have to sell for some time since I only put a small amount down, I still have plenty leftover to buy food and pay my taxes. In fact, the extra that I invested has actually done quite well." (2:00)Paying off your mortgage was taught to us as a positive going back to the Great Depression kind of mentality. (02:41)For most people though their home is one of their biggest, if not the biggest, asset that they have. And when you have a home that's paid off, that's a lot of money that you can no longer touch. (02:49)Quote for the episode: "And depending on mortgage rates at any specific time, the last few decades have shown historically low interest rates, so funds invested outside the home may have the opportunity to grow much more than the interest rate being paid out on the mortgage..." (03:35)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

New information can lead to making new and different decisions!<ul><li>Jimmy replied, "Well, I'm not going to have to sell for some time since I only put a small amount down, I still have plenty leftover to buy food and pay my taxes. In fact, the extra that I invested has actually done quite well." (2:00)</li><li>Paying off your mortgage was taught to us as a positive going back to the Great Depression kind of mentality. (02:41)</li><li>For most people though their home is one of their biggest, if not the biggest, asset that they have. And when you have a home that's paid off, that's a lot of money that you can no longer touch. (02:49)</li></ul>Quote for the episode: "And depending on mortgage rates at any specific time, the last few decades have shown historically low interest rates, so funds invested outside the home may have the opportunity to grow much more than the interest rate being paid out on the mortgage..." (03:35)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

The Two Houses on Pleasantville Avenue | Series 8.5

Trying to increase wealth rapidly may find you lost in the thicket. Take the time tested path!So if you are a hare, you likely don't need a shortcut to win the race. And if you're young, you are likely already a hare. (02:21)Trying rapidly to increase your wealth through market timing or dealing in some kind of a speculative security or things like maybe cryptocurrency, it may find you in the thicket just like the rabbit. (02:31)Being young means that you have time on your side. (02:45)Quote for the episode: "Be the hare. Just stay on the more time tested path. Sometimes it's just about having someone show you what path you may be already running on." (03:13) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Trying to increase wealth rapidly may find you lost in the thicket. Take the time tested path!<ul><li>So if you are a hare, you likely don't need a shortcut to win the race. And if you're young, you are likely already a hare. (02:21)</li><li>Trying rapidly to increase your wealth through market timing or dealing in some kind of a speculative security or things like maybe cryptocurrency, it may find you in the thicket just like the rabbit. (02:31)</li><li>Being young means that you have time on your side. (02:45)</li></ul>Quote for the episode: "Be the hare. Just stay on the more time tested path. Sometimes it's just about having someone show you what path you may be already running on." (03:13) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

The REMIX of the Turtle and the Hare | Series 8.4

Find balance between work (saving) and play (spending). The earlier you start, the easier it is!The traditional fable promotes working hard but did you know that most ants die within a few weeks to a few years? What a waste! (02:18)When you're young, saving early is like putting away a few pieces of food every day in early spring for the other grasshopper. (02:39)Quote for the episode: "If you have a savings plan put together for you when you're young, you might be very pleasantly surprised what it projects to turn into." (03:10) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Find balance between work (saving) and play (spending). The earlier you start, the easier it is!<ul><li>The traditional fable promotes working hard but did you know that most ants die within a few weeks to a few years? What a waste! (02:18)</li><li>When you're young, saving early is like putting away a few pieces of food every day in early spring for the other grasshopper. (02:39)</li></ul>Quote for the episode: "If you have a savings plan put together for you when you're young, you might be very pleasantly surprised what it projects to turn into." (03:10) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

The Ant and the Grasshopper...and the Other Grasshopper | Series 8.3

Just because it made sense then, doesn't mean it makes sense now! Re-evaluate!So it's one thing to do something, and quite another to understand why you do it. (02:14)And while some of these actions may have made sense at some point in time, or were taught to us to make sense in some situations, that doesn't mean they necessarily still make sense for us today. (02:24)Regular evaluation is what makes us more intentional, what makes us more purposeful with our actions. (02:35)Quote for the episode: "If we're regularly asking ourselves, 'will this make my life more or less enjoyable', then we can be more objective and intentional in deciding what actions we actually want to take." (02:58)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Just because it made sense then, doesn't mean it makes sense now! Re-evaluate!<ul><li>So it's one thing to do something, and quite another to understand why you do it. (02:14)</li><li>And while some of these actions may have made sense at some point in time, or were taught to us to make sense in some situations, that doesn't mean they necessarily still make sense for us today. (02:24)</li><li>Regular evaluation is what makes us more intentional, what makes us more purposeful with our actions. (02:35)</li></ul>Quote for the episode: "If we're regularly asking ourselves, 'will this make my life more or less enjoyable', then we can be more objective and intentional in deciding what actions we actually want to take." (02:58)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Great Grandma's Roast | Series 8.2

It's one thing to say a task should be done but it's a different matter to actually do it!But in the midst of the rejoicing over the good fortune, an old mouse rose and said, "I will say that the plan of the young mouse is very good. But let me ask one question, who will bell the cat?" (02:59)"...if you actually go out with that bell, more times than not, it's not as hard or as scary as you may think." (04:13)Quote for the episode: More times than not it's not a scary cat with giant claws, it's a little cute kitten, and you're gonna leave saying 'why didn't I do that earlier?' (04:20)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

It's one thing to say a task should be done but it's a different matter to actually do it!<ul><li>But in the midst of the rejoicing over the good fortune, an old mouse rose and said, "I will say that the plan of the young mouse is very good. But let me ask one question, who will bell the cat?" (02:59)</li><li>"...if you actually go out with that bell, more times than not, it's not as hard or as scary as you may think." (04:13)</li></ul>Quote for the episode: More times than not it's not a scary cat with giant claws, it's a little cute kitten, and you're gonna leave saying 'why didn't I do that earlier?' (04:20)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Belling the Kitten | Series 8.1

Recapping the 9 episodes that reframe our investment mindset to ease financial anxiety!The worst 15 year period in the market over that same period of time going back to 1970, positive 3.7%, same exact index, different time period, very different result. (06:04)Uncertainty on the other hand, we talked about how it does historically show a high correlation with volatility: financial crisis of 2008, COVID in 2020, the uncertainty period was the drop. Once there was more perceived certainty, a plan of action, what are we going to do? The market started its recovery. (07:29)When you use a mathematical statistically diversified portfolio, the goal is like that of a healthy cookie, we want the most delicious flavor that we can get for the least amount of unhealthy ingredients. (13:46)Quote for the episode: "The fear should not be paying for advice, it should be not getting something for that advice, not getting the value that you're paying for." (15:35)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Recapping the 9 episodes that reframe our investment mindset to ease financial anxiety!<ul><li>The worst 15 year period in the market over that same period of time going back to 1970, positive 3.7%, same exact index, different time period, very different result. (06:04)</li><li>Uncertainty on the other hand, we talked about how it does historically show a high correlation with volatility: financial crisis of 2008, COVID in 2020, the uncertainty period was the drop. Once there was more perceived certainty, a plan of action, what are we going to do? The market started its recovery. (07:29)</li><li>When you use a mathematical statistically diversified portfolio, the goal is like that of a healthy cookie, we want the most delicious flavor that we can get for the least amount of unhealthy ingredients. (13:46)</li></ul>Quote for the episode: "The fear should not be paying for advice, it should be not getting something for that advice, not getting the value that you're paying for." (15:35)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Raising Your Investment Mindset - Series Recap | 7.10

Young families receive little to no personal finance help.  We all grow up to have jobs and money, yet our education system focuses on Shakespeare and Algebra. Even professional advice can be hard to come by, with the majority of the industry chasing retirees and existing wealth.Joe Okaly's podcast is aiming to change this, providing personal financial advice geared specifically to professionals with young families. This podcast is dedicated to making life more enjoyable for young families, by hitting on the financial topics that tend to weigh on us, stress us out, and distract our focus from simply enjoying life.Joseph P Okaly is a CFP Certified Financial Advisor who fits directly in with who this podcast is focused on - a young professional with a family.  With over a decade of experience as an advisor, there is passion and knowledge to make a difference.Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC.  TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Is the financial advice you're receiving worth it?Goal statement: I now better understand how advice versus fees for that advice can separately affect my situation. (02:13)Pensions are mostly a thing of the past and Social Security is not going to replace your six figure salary that you and your spouse have. You are now responsible for your own retirement in this society. (04:26) When they came out then, so Vanguard, this low fee, low cost company, when they came out and said their research showed that having a proper advisor could add 3% per year in overall net worth growth above what you would have gotten without them? (06:13)Quote for the episode: " This study didn't even talk about  things that a good comprehensive adviser will be doing for you, like taking advantage of say matching contributions through work, or analyzing your cash flow to maximize how much you could save every month, or making sure you have the right life insurance or disability insurance so it doesn't blow up all in your face." (10:07)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Is the financial advice you're receiving worth it?<ul><li>Goal statement: I now better understand how advice versus fees for that advice can separately affect my situation. (02:13)</li><li>Pensions are mostly a thing of the past and Social Security is not going to replace your six figure salary that you and your spouse have. You are now responsible for your own retirement in this society. (04:26)</li><li> When they came out then, so Vanguard, this low fee, low cost company, when they came out and said their research showed that having a proper advisor could add 3% per year in overall net worth growth above what you would have gotten without them? (06:13)</li></ul>Quote for the episode: " This study didn't even talk about things that a good comprehensive adviser will be doing for you, like taking advantage of say matching contributions through work, or analyzing your cash flow to maximize how much you could save every month, or making sure you have the right life insurance or disability insurance so it doesn't blow up all in your face." (10:07)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Advice Should Trump Fees - The 3% Study | Series 7.9

If we learn about normal fluctuations ahead of time, then we'll be better prepared to cope with those inevitable market downs.Goal statement: "I now better understand how much up and down is normal for investments so I'm better prepared to not freak out when it does." (01:50)...he [Dr. Markowitz] could now mathematically mix together what should produce the most return for the level of risk someone was willing to take, which is fantastic, right? (06:14) So when you get to a year with this portfolio goes down 12%, you could say that is actually normal. This should happen once roughly out of every 10 to 11 years. (08:47)Quote for the episode: "And as the time period gets shorter, that range of possible returns increases. So the range for what can happen in any one month is much more than what can happen over say a 15 year period of time." (09:19)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

If we learn about normal fluctuations ahead of time, then we'll be better prepared to cope with those inevitable market downs.<ul><li>Goal statement: "I now better understand how much up and down is normal for investments so I'm better prepared to not freak out when it does." (01:50)</li><li>...he [Dr. Markowitz] could now mathematically mix together what should produce the most return for the level of risk someone was willing to take, which is fantastic, right? (06:14) </li><li>So when you get to a year with this portfolio goes down 12%, you could say that is actually normal. This should happen once roughly out of every 10 to 11 years. (08:47)</li></ul>Quote for the episode: "And as the time period gets shorter, that range of possible returns increases. So the range for what can happen in any one month is much more than what can happen over say a 15 year period of time." (09:19)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Emotionally Abnormal, Statistically Normal, and Healthy Cookies | Series 7.8

When you hear news about "the market", how much is actually applicable to your investments?Goal statement: I better understand what they mean when they say 'the market', and how that actually relates to my investments. (01:42)When you hear about the market on TV, most people's reaction is either "Oh no", when it does,  something bad when it goes down or "Great! Yes", when it goes up. However, they are not talking about your specific investment. (03:10)We could break this down, in fact, much further because out of your stock piece, maybe it isn't all in the S&amp;P 500 maybe part of the equity or the stock pieces in real estate funds, maybe foreign funds, maybe small cap funds, small company funds, which are all different than the S&amp;P 500. (05:51)Quote for the episode: "Basically, just look down at your bingo card that is your investment account and make sure, before you get worried, that it is actually matching what's on your card." (06:53)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

When you hear news about "the market", how much is actually applicable to your investments?<ul><li>Goal statement: I better understand what they mean when they say 'the market', and how that actually relates to my investments. (01:42)</li><li>When you hear about the market on TV, most people's reaction is either "Oh no", when it does, something bad when it goes down or "Great! Yes", when it goes up. However, they are not talking about your specific investment. (03:10)</li><li>We could break this down, in fact, much further because out of your stock piece, maybe it isn't all in the S&amp;P 500 maybe part of the equity or the stock pieces in real estate funds, maybe foreign funds, maybe small cap funds, small company funds, which are all different than the S&amp;P 500. (05:51)</li></ul>Quote for the episode: "Basically, just look down at your bingo card that is your investment account and make sure, before you get worried, that it is actually matching what's on your card." (06:53)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Bingo! You Probably Own More Than the Market | Series 7.7

A bit more savings is almost always possible and what that means for your future self!Goal statement: I better understand how impactful it can be to consistently push my savings just a little bit further. (01:58)If your kid gets sick and needed a medicine costing $100 a month, you would figure out a way to afford that right? That means that you can also figure out a way to pay yourself another $100 a month. (06:43)So when we take that original $100 a month scenario, and we do the same thing, but assume that you increase your payments every year because you make more every year so it should go somewhere towards you. (08:39)Quote for the episode: "The more you can keep pushing that upwards in small incremental feasible amounts, the greater that exponential long term number can grow to. Do that for yourself." (09:17)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

A bit more savings is almost always possible and what that means for your future self!<ul><li>Goal statement: I better understand how impactful it can be to consistently push my savings just a little bit further. (01:58)</li><li>If your kid gets sick and needed a medicine costing $100 a month, you would figure out a way to afford that right? That means that you can also figure out a way to pay yourself another $100 a month. (06:43)</li><li>So when we take that original $100 a month scenario, and we do the same thing, but assume that you increase your payments every year because you make more every year so it should go somewhere towards you. (08:39)</li></ul>Quote for the episode: "The more you can keep pushing that upwards in small incremental feasible amounts, the greater that exponential long term number can grow to. Do that for yourself." (09:17)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

We Can All Save Another $100 | Series 7.6

Just how "every dog has its day", every area of the market has its time in the lead, and how to emotionally deal.So one thing to remember is that most returns are due to what area of the market, what box, so to speak, your fund may be in. (06:10)Rebalancing is basically taking the areas that did well, and selling them, and putting those funds into other areas that did not do well and buying them. (06:59)I would again not recommend somebody trying to manage individual pieces and do this rebalancing because you have to be again completely emotionless about it, you have to have the ranges set and as soon as it hits the ranges, boom, you're rebalancing. (08:57)Quote for the episode: "Goal statement: I better understand how to view my winners and how to view my losers." (01:37)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Just how "every dog has its day", every area of the market has its time in the lead, and how to emotionally deal.<ul><li>So one thing to remember is that most returns are due to what area of the market, what box, so to speak, your fund may be in. (06:10)</li><li>Rebalancing is basically taking the areas that did well, and selling them, and putting those funds into other areas that did not do well and buying them. (06:59)</li><li>I would again not recommend somebody trying to manage individual pieces and do this rebalancing because you have to be again completely emotionless about it, you have to have the ranges set and as soon as it hits the ranges, boom, you're rebalancing. (08:57)</li></ul>Quote for the episode: "Goal statement: I better understand how to view my winners and how to view my losers." (01:37)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Winners and Losers Are Temporary | Series 7.5

How TV and movies give us negative perceptions about advisors and investments.Goal statements: "I recognize what can greatly affect many people's perceptions of investments." (01:33)They've heard of people losing everything in the movies. They haven't heard of people missing out on retirement by being too conservative in the movies, though. (04:42)And think about how you may have gotten to where your mindset is today. It didn't just pop up out of the blue, it developed to where it is today. And then think about what mindset you might want your kids to have about it. (06:10)Quote for the episode: "Look for someone who is comprehensive, though. Look for someone who focuses on planning, more than anything else, though, not investments, but planning and you're likely to wind up in very good hands with more clarity and greater chance to reach your goals and making life more enjoyable." (05:38) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

How TV and movies give us negative perceptions about advisors and investments.<ul><li>Goal statements: "I recognize what can greatly affect many people's perceptions of investments." (01:33)</li><li>They've heard of people losing everything in the movies. They haven't heard of people missing out on retirement by being too conservative in the movies, though. (04:42)</li><li>And think about how you may have gotten to where your mindset is today. It didn't just pop up out of the blue, it developed to where it is today. And then think about what mindset you might want your kids to have about it. (06:10)</li></ul>Quote for the episode: "Look for someone who is comprehensive, though. Look for someone who focuses on planning, more than anything else, though, not investments, but planning and you're likely to wind up in very good hands with more clarity and greater chance to reach your goals and making life more enjoyable." (05:38) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Hollywood's Stock Market | Series 7.4

How could these diametrically opposed groups that are influencing basically every aspect of public policy not cause the stock market to play favorites?When it comes to the stock market, though it historically doesn't really care one way or another what political party is in office. (03:33)What the stock market tends to be influenced by more than anything, though, is the certainty versus uncertainty factors that we've brought up a number of times. (05:07)But based on each individual administration's policies, and what they put into play can certainly affect how the stock market reacts to that news is, do they think this will increase the growth of companies? (07:02)Quote for the episode: 'If you can say "I now know better what generally affects the stock market and what generally doesn't", then you have succeeded in the main takeaway from today.' (07:20)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

How could these diametrically opposed groups that are influencing basically every aspect of public policy not cause the stock market to play favorites?<ul><li>When it comes to the stock market, though it historically doesn't really care one way or another what political party is in office. (03:33)</li><li>What the stock market tends to be influenced by more than anything, though, is the certainty versus uncertainty factors that we've brought up a number of times. (05:07)</li><li>But based on each individual administration's policies, and what they put into play can certainly affect how the stock market reacts to that news is, do they think this will increase the growth of companies? (07:02)</li></ul>Quote for the episode: 'If you can say "I now know better what generally affects the stock market and what generally doesn't", then you have succeeded in the main takeaway from today.' (07:20)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

The Stock Market Doesn't Care About Political Parties | Series 7.3

Set your expectations for how often downs do occur and hold it together when emotions run high....declines are normal and you should absolutely expect them to happen and mentality and emotionally prepare for that to occur. (02:55)Remember recoveries whether they take six months, 12 months, 18 months, that's also normal. (04:55)Finally, this is why we have talked about diversification before, so not owning just one or a few individual stocks, but rather having a professional advisor or at the very least using an Allocation Fund, as mentioned in the last episode, to spread your money out across many areas of the market to try and smooth out those rides. (05:26)Quote for the episode: "If you think about your kids or your job or some other experience in your life, you can likely think of where it was maybe stressful at the time but now with the knowledge that you've learned, it's really not a big deal anymore." (02:54)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Set your expectations for how often downs do occur and hold it together when emotions run high.<ul><li>...declines are normal and you should absolutely expect them to happen and mentality and emotionally prepare for that to occur. (02:55)</li><li>Remember recoveries whether they take six months, 12 months, 18 months, that's also normal. (04:55)</li><li>Finally, this is why we have talked about diversification before, so not owning just one or a few individual stocks, but rather having a professional advisor or at the very least using an Allocation Fund, as mentioned in the last episode, to spread your money out across many areas of the market to try and smooth out those rides. (05:26)</li></ul>Quote for the episode: "If you think about your kids or your job or some other experience in your life, you can likely think of where it was maybe stressful at the time but now with the knowledge that you've learned, it's really not a big deal anymore." (02:54)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Buy High, Sell Low? | Series 7.2

What do you want your investments to do for you and are they on track to do it? So if my investments are doing good, that means they're on track to having the fuel that I need to get me to the goal that I'm trying to reach. (05:47)This is why I say investments are far less important in the grand scheme of things than planning. The planning is what gives you clarity, and the planning is what makes things possible. (06:18)So if you don't have the desire or the ability to properly compare and evaluate your different funds, then you need to in my strong opinion either A) hire an advisor who knows how to do this for you, or B) use an allocation fund that has a manager who can make sure you aren't overly concentrated in any one area. (08:18)Quote for the episode: "Goal statements: I now understand what I want my investments to do, and how I should be evaluating if they are doing that. I want my investments to get me to a goal. So are they on a path to do that? And are they doing so effectively when I compare them to their peers?" (08:45)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

What do you want your investments to do for you and are they on track to do it?<ul><li> So if my investments are doing good, that means they're on track to having the fuel that I need to get me to the goal that I'm trying to reach. (05:47)</li><li>This is why I say investments are far less important in the grand scheme of things than planning. The planning is what gives you clarity, and the planning is what makes things possible. (06:18)</li><li>So if you don't have the desire or the ability to properly compare and evaluate your different funds, then you need to in my strong opinion either A) hire an advisor who knows how to do this for you, or B) use an allocation fund that has a manager who can make sure you aren't overly concentrated in any one area. (08:18)</li></ul>Quote for the episode: "Goal statements: I now understand what I want my investments to do, and how I should be evaluating if they are doing that. I want my investments to get me to a goal. So are they on a path to do that? And are they doing so effectively when I compare them to their peers?" (08:45)Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Investments Don't Do Good | Series 7.1

Getting married? Important topics to cover during the engagement phase!So you both need to have some idea goals wise of what direction that you're going in. (07:45)Going deeper into that about how you're looking at your finances, when you guys are, you know, starting on your journey to have a life together, you're one family, and you know, having one family, it's important to look at things and goals jointly because they are joint. (12:59)You know there are things that money has touched already in your life, that if you have discussions on like, why you wound up where you are with some of those things, you can start to piece together a little bit of what their baseline personality might be when it comes to money. (18:19)...when you're young, the most important thing is just make sure that you're saving some part towards yourself. (22:47)And one of the biggest mistakes that they make is not having enough protection for themselves. (41:30)Quote of the episode: "...wherever you are right now you're starting off in your life, just forgive yourself for anything you may not know, you're not uncommon, you know, most people were not taught anything. So what you can do today, wherever you may be, is take that step forward." (43:07)ℹ️ All about Dave here: https://linktr.ee/chaplaindaveSecurities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Getting married? Important topics to cover during the engagement phase!<ul><li>So you both need to have some idea goals wise of what direction that you're going in. (07:45)</li><li>Going deeper into that about how you're looking at your finances, when you guys are, you know, starting on your journey to have a life together, you're one family, and you know, having one family, it's important to look at things and goals jointly because they are joint. (12:59)</li><li>You know there are things that money has touched already in your life, that if you have discussions on like, why you wound up where you are with some of those things, you can start to piece together a little bit of what their baseline personality might be when it comes to money. (18:19)</li><li>...when you're young, the most important thing is just make sure that you're saving some part towards yourself. (22:47)</li><li>And one of the biggest mistakes that they make is not having enough protection for themselves. (41:30)</li></ul>Quote of the episode: "...wherever you are right now you're starting off in your life, just forgive yourself for anything you may not know, you're not uncommon, you know, most people were not taught anything. So what you can do today, wherever you may be, is take that step forward." (43:07)ℹ️ All about Dave here: <a href="https://linktr.ee/chaplaindave?fbclid=IwAR3QOkxKkhIxpBM3YIa4FUepPI6qFkGmyKwmpJtE6_gny5EP8baV5_GzNDg" rel="noopener noreferrer nofollow" target="_blank">https://linktr.ee/chaplaindave</a>Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Special! The Wedding Chaplain

Young families receive little to no personal finance help. We all grow up to have jobs and money, yet our education system focuses on Shakespeare and Algebra. Even professional advice can be hard to come by, with the majority of the industry chasing retirees and existing wealth. Joe Okaly's podcast is aiming to change this, providing personal financial advice geared specifically to professionals with young families. This podcast is dedicated to making life more enjoyable for young families, by hitting on the financial topics that tend to weigh on us, stress us out, and distract our focus from simply enjoying life. Joseph P Okaly is a CFP Certified Financial Advisor who fits directly in with who this podcast is focused on - a young professional with a family. With over a decade of experience as an advisor, there is passion and knowledge to make a difference. Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Enjoy More 30s: Family Finance

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