ESG/SRI investing, bitcoin and blockchain, and whether AI will replace financial planners

The Science of Wealth

#Trading #Business #MY Wealth Planners #Wealth #Finance #Financial #Planning #CFP® #Planner #Investing #Insurance #Estate

29:22

The world often feels rigged. And this episode is a wake-up call to recognize the barriers that exist for those who don’t fit the traditional mold. In this episode, which is a kind of tribute to my dear departed Dad, I recount some powerful lessons from the man who was a brilliant psychiatrist and my biggest champion. He taught me that if something feels off about the environment you’re in, it probably is—and it’s absolutely hella-not your fault. We dare to break into the uncomfortable truth that many workplaces are designed for a very specific demographic, leaving neurodivergent individuals, particularly those on the autism spectrum, feeling excluded. I share three stories in which my Dad imparted to me more than my fair share of his wisdom, and I'm hoping you to can feel empowered. You'll learn that we can advocate for ourselves and others to create a more inclusive work culture. Newsletter Paste this into your browser if the newsletter link is broken - https://www.lbeehealth.com/ Join our Patreon - https://differentnotbrokenpodcast.com/patreon Mentioned in this episode: Sign Up For Our Newsletter Stay updated on all the things! Get added to our newsletter mailing list. Newsletter…

10 days ago 41:39

MP3•Episode home

Dr. Dan & Daniel discuss ESG/SRI investing, bitcoin and blockchain, and whether AI will replace financial planners.
To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com
To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults

45 episodes

ESG/SRI investing, bitcoin and blockchain, and whether AI will replace financial planners

The Science of Wealth

published 10 days ago

MP3•Episode home

45 episodes

#Trading #Business #MY Wealth Planners #Wealth #Finance #Financial #Planning #CFP® #Planner #Investing #Insurance #Estate

All episodes

1
Merging finances, managing career decisions with shared finances, and splitting finances 37:23

3 days ago37:23

37:23

Dr. Dan & Emily discuss strategies for merging finances with a partner or spouse, how to manage career and cash flow decisions when you're in a relationship, and how to go about dividing up financial assets in the event of a separation or divorce. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
ESG/SRI investing, bitcoin and blockchain, and whether AI will replace financial planners 41:39

10 days ago41:39

41:39

Dr. Dan & Daniel discuss ESG/SRI investing, bitcoin and blockchain, and whether AI will replace financial planners. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Market Volatility, Delegating Investment Management, and Investing for Short Term Goals 29:33

17 days ago29:33

29:33

Dr. Dan & Emily discuss the volatility in the markets over the past few weeks, why delegating to a financial planner can be a good idea, and how to invest for short term goals. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Teaching kids about wealth, how to save for your kids, and finding success beyond money 42:22

24 days ago42:22

42:22

Dr. Dan & Daniel discuss teaching children about wealth, how to save for giving your kid a head start in life, and finding success beyond monetary wealth. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Getting a PhD in Financial Planning & Researching Financial Planning 37:38

4 weeks ago37:38

37:38

Dan and Emily discuss Dan completing his PhD in Personal Financial Planning, what the world of financial planning research looks like, and what's next on Dan's research journey. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Politics and the stock market, tariffs, and moving overseas 31:32

5 weeks ago31:32

31:32

Dan and Daniel discuss how politics do (or don't) affect the stock market, how tariffs impact personal finances, and considerations when moving overseas. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Who needs a financial planner, picking a business structure, and annuity basics 43:45

6 weeks ago43:45

43:45

Dan and Emily discuss common misconceptions about who needs a financial planner, introductory considerations when picking a business structure, and some basics to understand about annuities. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Salary vs. Equity, Buying Company Stock, and Delegating to New Employees 36:43

7 weeks ago36:43

36:43

Dan and Daniel discuss taking a higher salary versus equity, buying into company stock, and delegating to new employees. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Should you max-fund your 401(k), what to know about rebalancing, and financial planning internships 34:42

8 weeks ago34:42

34:42

Dan and Emily discuss whether you should max fund your 401(k), what to know about rebalancing, and financial planning internships. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Vacations vs. Vacation Homes, Timeshares, and the Perils of Working From Home 40:33

9 weeks ago40:33

40:33

Dan and Daniel discuss whether it makes sense to buy a vacation property rather than just take more vacations and how to make financial sense of the decision. They then review timeshares as an alternative. Finally, they talk about the pros, but mostly the cons and risks that can come with working from home. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Timing Roth Conversions, Reviewing 13 Tax Tips, and Late Enrolling in an HSA or FSA 43:27

10 weeks ago43:27

43:27

Dan and Emily discuss the timing of Roth Conversions and whether you'd want to do them later or earlier in the year. Emily then tortures Dan with 13 "Tax Tips" found online, and they evaluate whether any of them are actually true. Finally, they discuss late enrollment opportunities for HSAs and FSAs if you've missed the opportunity to sign up during open enrollment. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
How long to stay at a company, identifying career red flags, and assessing new job potential 36:19

11 weeks ago36:19

36:19

Dan and Daniel discuss how long you should stay at a company, how to identify red flags in your career path, and how to assess a new job's potential. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Budgeting for big expenses, estate planning for young people, and how to filter financial content 43:52

12 weeks ago43:52

43:52

Dan and Emily discuss budgeting for big expenses, whether young people need estate plans, and what financial content is actually worth following (other than the podcast!) To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Not Feeling Rich (When You Are), Early Inheritance, and Values over Possessions 35:46

13 weeks ago35:46

35:46

Dan and Daniel discuss the problem of not feeling rich or wealthy when you objectively are affluent. They then chat about the pros and cons of giving children early inheritances rather than waiting for their parents to pass away. Finally, they wrap up on the topic of the importance of imparting values rather than possessions or material wealth. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

1
Long Term Care, Health, and Property & Casualty Insurance 43:00

15 weeks ago43:00

43:00

Dan and Emily discuss Long Term Care Insurance and why it's both difficult to obtain and can have disappointing results. They then discuss health insurance and how catastrophic medical bills can still result when you have full coverage. The conversation wraps up discussing the rumors that insurance companies dropped customers right before the fires in Los Angeles. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

The Science of Wealth

1
The experience of becoming a financial planner 22:32

34 weeks ago22:32

22:32

Daniel interviews Emily about her first year working in a financial planning firm, including everything from her interview experience to learning about financial planning and studying for her Series 65 licensing exam.

The Science of Wealth

1
401k or IRA after the match, should you buy whole life insurance, and foreign assets. 38:05

35 weeks ago38:05

38:05

Dan and Daniel discuss whether you should max out your 401(k) after you've hit your employer's match or should fund an IRA. They they discuss whether younger folks should buy a whole life policy and why they're sold them so often. Finally, foreign investments: Assets or albatross?

The Science of Wealth

1
Expenses to save for, when holding cash is a good idea, should financial planners be therapeutic? 44:18

36 weeks ago44:18

44:18

Dan and Daniel discuss the expenses people fail to plan ahead and save for at various phases of their lives. They then chat about reasons to hold onto cash and how to do so, including for emergencies, short term goals, and retirement. Finally, Daniel asks the question: Should financial planners be more therapeutic in their delivery of services?…

The Science of Wealth

1
Planning for after college, workplace benefits, and complexity as job security 39:35

37 weeks ago39:35

39:35

Dan and Daniel discuss how to plan for life after college and what can lead to a failure to launch for some graduates, what to look for in workplace benefits when comparing opportunities, and the problems with financial planners using complexity as job security.

The Science of Wealth

1
Career surfing, teaching kids finance, and identity theft 35:53

38 weeks ago35:53

35:53

Daniel and Emily discuss the pros and cons of switching jobs to increase income and advance your career, some of the common benefits and drawbacks of using various financial products to teach kids finance, and the concerns that arise when identity theft is a risk.

The Science of Wealth

1
Job hunting, unconventional relationships, and filial responsibility 30:43

39 weeks ago30:43

30:43

This week Dan and Emily discuss holding out for a better job or simply taking what's available when job hunting, how members of unconventional relationships can adjust their financial planning, and the risks posed by filial responsibility laws for members of your family.

The Science of Wealth

1
Starting a career in financial planning, why credentials matter, and professional trust 34:10

40 weeks ago34:10

34:10

Dan and Daniel discuss the hurdles and difficulties of starting a career in financial planning, why credentials matter when seeking out a financial planner, and what it takes to build trust in a professional.

The Science of Wealth

1
Teaching financial literacy, FIRE, and the election's impact on the market 28:38

41 weeks ago28:38

28:38

Dan and Daniel discuss the absence of financial education in K-12, the FIRE financial philosophy, and the election's (lack) of impact on the market.

The Science of Wealth

1
Being an executor, shopping home and auto insurance, and should you rent or buy when relocating? 32:37

42 weeks ago32:37

32:37

This week Daniel and Emily discuss being the executor for someone's estate, when and why you should shop your home and auto insurance, and whether you should rent or buy when relocating to another part of the country.

The Science of Wealth

1
DIY Financial Planning, tax preparation vs. tax planning, and reverse mortgages 32:11

43 weeks ago32:11

32:11

This week, Dan and Daniel discuss some basics of DIY finance, the differences between tax preparation and tax planning, and reverse mortgages.

The Science of Wealth

1
Mineral rights, market manipulation, and recovering from scams 27:47

44 weeks ago27:47

27:47

This week, Daniel and Emily discuss mineral rights, market manipulation, and recovering or helping someone recover from a scam.

The Science of Wealth

1
Introducing Daniel Stefanski, enrolled agents, and common planning problems 27:15

45 weeks ago27:15

27:15

This week we introduce Daniel Stefanski, MY Wealth Planner's newest Wealth Planning Analyst. We discuss getting into the financial planning profession, the Enrolled Agent designation, and the commonalities of challenges faced by clients no matter where they live or where they are in life.

The Science of Wealth

1
Co-signing loans, domestic partnerships, and credit freezing 27:40

46 weeks ago27:40

27:40

This week we discussed co-signing loans (personal and business), domestic partnerships, and freezing your credit. A small bonus bit at the end about annuities.

The Science of Wealth

1
Day trading, robo-advisors, and trade settlement 27:17

47 weeks ago27:17

27:17

This week on The Science of Wealth, we discussed day trading, robo-advisors, and the changes in trade settlement dates.

The Science of Wealth

1
Introductions, studying personal finance, and the problems with not having your finances together 34:37

48 weeks ago34:37

34:37

Daniel and Emily introduce themselves and the podcast, and then go on to discuss what it's like to study personal finance versus apply it in day to day life, issues with not having a good handle on your own finances, and some of the problems it can cause down the line for your family if your finances aren't in good order.…

The Science of Wealth

1
Preparing for 2025 and reflecting on 2024 35:21

16 weeks ago35:21

35:21

Dan and Daniel discuss preparing for 2025, both financially and in tax season, and reflect on lessons learned in 2024. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

The Science of Wealth

1
Roth conversions and year end financial planning 32:13

20 weeks ago32:13

32:13

Dan and Emily discuss the year-end tax strategy of Roth conversions, important topics for year-end financial planning, and how a senior financial planner spends the end of their year. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

The Science of Wealth

1
Having a professional niche, what to do when your partner overspends, and what to do when someone won't take your advice 36:20

22 weeks ago36:20

36:20

Dan and Emily discuss having a professional niche and how to stand out in your professional field. The conversation then turns to how to deal with your partner overspending, and then, what to do when someone asks for your advice but never takes it. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

The Science of Wealth

1
Unearthing goals, the importance of dual spousal participation in financial planning, and what great financial planning looks like 31:35

23 weeks ago31:35

31:35

Dan and Daniel discuss the ways we unearth goals during the financial planning process, and how the participation of both partners in a relationship is essential to that process. They wrap up on the topic of what great financial planning looks like, both in planning, but also in any professional relationship. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

The Science of Wealth

1
Financial storytelling, sensitive financial topics, and side hustles 37:26

24 weeks ago37:26

37:26

Dan and Emily discuss how storytelling helps with understanding financial concepts, which leads them to discuss how to approach sensitive financial topics. They wrap up on the subject of side hustles and starting small businesses. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

The Science of Wealth

1
Spending more, tipping, and price versus value 34:41

25 weeks ago34:41

34:41

Dan and Daniel discuss when and how people should decide to spend more, then debate modern trends in tipping, and finally the issues of price versus value.

The Science of Wealth

1
The value of trust and client experience, and investing in precious metals 29:09

26 weeks ago29:09

29:09

Dan and Emily discuss the value of building trust as a financial planner and with a financial planner. They then go on to discuss client experience (in all forms of business) and the importance of building an experience that exceeds the expectation of the client. Finally, they touch on precious metal investing and what it can and cannot accomplish. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

The Science of Wealth

1
Launching a Financial Planning Practice & Celebrating a Firmaversary 1:12:40

27 weeks ago1:12:40

1:12:40

Dan tells the story of launching the practice that became MY Wealth Planners, and shares the many struggles and challenges that come not only with entrepreneurship, but the work of doing financial planning. TW: Mental health. To learn more about financial planning and MY Wealth Planners, visit: https://mywealthplanners.com To schedule a complimentary consultation, visit: https://calendly.com/my-wealth-planners-initial-consults…

The Science of Wealth

1
What to ask before getting married, stay at home spouses, and experiences or things? 28:07

27 weeks ago28:07

28:07

Daniel and Emily discuss important lifestyle and financial questions to ask a partner before getting married. They then turn to the topic of the financial pros and cons of stay at home spouses; and finally, they discuss the classic debate of whether you should invest in experiences, things, or perhaps a bit of both? Learn more about Wealth Planning at www.mywealthplanners.com or schedule a consult at https://calendly.com/my-wealth-planners-initial-consults.…

The Science of Wealth

1
Having a second act in your career and deciding where to learn financial planning 34:07

28 weeks ago34:07

34:07

This week Daniel (not Dan!) and Emily discuss having a second act in your career and what someone ten years into the workforce might tell themselves ten years ago, and some of the factors in deciding where to learn financial planning, and how short term compensation reductions can yield long-term skill-based dividends.…

The Science of Wealth

1
Hiring staff, valuing a business, and selling a business 45:09

29 weeks ago45:09

45:09

Dan and Daniel discuss the costs of hiring staff and things to consider as a business grows beyond its founder. They then discuss the challenges with valuing a business, and how that can spiral into greater difficulty when considering selling a business.

The Science of Wealth

1
Divorce, division of assets, and time management for new financial planners 37:29

30 weeks ago37:29

37:29

Dan and Emily discuss divorce and the necessity of working with professionals through the process, how to divide one of the largest financial assets many households have during a divorce, and wrap up with a discussion on time management and how time is spent at the start of a financial planning career.…

The Science of Wealth

1
Federal Reserve rate cuts, dos and don'ts for your first home, and stock market vs. real estate. 43:17

31 weeks ago43:17

43:17

Dan and Daniel discuss the impact of the Federal Reserve's "upcoming" (now passed) reserve rate cut. They then discuss the financial do's and don'ts of preparing to buy your firm home. They then wrap up what to do with extra savings: should you be investing in the stock market or real estate? The answer might surprise you.…

The Science of Wealth

1
Reverse mortgages, the upcoming election, and credit card points 32:15

32 weeks ago32:15

32:15

Dan and Emily discuss how reverse mortgages work and where they're helpful or harmful, then how the upcoming election (won't) affect the market, and finally they discuss credit card points.

The Science of Wealth

1
Will social security last, can you take money out before 59 1/2, and how to pay for long term care 30:29

33 weeks ago30:29