July 2009
2 posts
Episode 11: The Coffeehouse Investor Story
Today’s episode focuses on Bill and the Coffeehouse Investor journey. In the early 90s, Bill stepped away from his work at Smith Barney. He perceived an enormous opportunity evolving within the investment industry, including how individuals access financial advice and integrate it into their portfolios and lives. Bill processed this huge shift from defined benefit plans to defined...
Episode 10: The Questions You Should Ask Yourself...
What should a person consider when debating whether to work with a financial advisor?
A large number of people currently with a financial advisor are UNHAPPY with their current advisor. So, we come back to the question, why would you hire a financial planner?
Some of that unhappines may come from misplaced expectations. When Carl sits down with a prospective client, he’s meeting...
June 2009
4 posts
Episode 9: Does It Make Sense to Work with a...
This episode marks the beginning our discussion about whether it makes sense for you to work with a financial planner or advisor.
To start we discussed the Secret Society of Real Financial Planners (SSofRFP). The financial services industry appears really complex. It’s hard to define what it really means and what you’ll get from a particular individual. Despite the horror stories...
Episode 8: J.D. Roth of GetRichSlowly.org Joins...
Today’s episode featured J.D. Roth of GetRichSlowly.org. J.D. was kind enough to share his story about how he managed to change his spending habits after racking up a significant amount of debt. In 2004, J.D. discovered Your Money or Your Life and Total Money Makeover and started making changes in how he dealt with money. He wrote an article called Get Rich Slowly that eventually led to a...
1 tag
Episode 7
The financial plan is only the first step. Today’s show discusses what happens after you define where you are and what’s your destination. The reality is that even though you’ve made a plan and you’ve set your goals, things change. You’re rate of return was less; your daughter wants to go out-of-state for college; you get a bigger than expected bonus.
For each of...
1 tag
Episode 6
Our sixth episode that aired this week continues our discussion about values and about how we build our financial plans to match those values. As Bill points out, there’s a lot of people who have an idea how they WANT their lives to unfold, but aren’t sure HOW to make it happen.
I’m noticing among my friends that things, financially, are starting get serious. In 8-10 years, I’ll have three kids...
May 2009
4 posts
1 tag
Episode 5
In the most recent episode, we continue our discussion from last week by asking the question why. Why is it important to ignore Wall Street and get on with your life? (a nod to the Coffeehouse Investor tagline) How can we live a richer life, not only financially, but emotionally, too? Do you have an opportunity to gain a better understanding of how you’re spending your capital (money and time)?
...
1 tag
Episode 4
This week’s episode focuses on the goal of defining where you are today and where you want to go. While this process sounds simple, many people aren’t sure where to start.
1 tag
Episode 3
This week’s show tackles head on the news that a government stalwart, Social Security, is in deep trouble. In particular, we address how we can no longer rely on Social Security as a part of our retirement plans. Investing is no longer child’s play.
Taking personal responsibility for our investments will be key in securing a sound financial retirement. We’ve seen seismic changes during the last...
1 tag
Episode 2
This last week, Bill Schultheis and I recorded the second episode of our weekly internet radio show/podcast, Behavior Gap Goes to the Coffeehouse. As always, if you have any questions, please email them to me, carl{at}behaviorgap{dot}com, and we’ll do our best to answer them during our shows.
Today’s podcast is about how to start the investing process. We use an email I received from someone...
April 2009
1 post
Episode 1