Today is a great day for a physician assistant FAQ frequently asked questions now thank you everyone for responding I have a lot of material today so this is going to be a two-part video so be sure to give me a thumbs up and subscribe to my channel so you don’t miss out on part 2 we’re gonna dive right into this first question personal statement tips and your tips and my experience in that process so personal statement tips think about it the admissions office is getting thousands of applications a day are they going to read your whole essay probably not so most importantly nail the hook now the hook is the first few sentences of your essay so start off with a quote make it interesting draw them into your paper so they will read the whole essay and invite you in for a POA school interview now your personal statement is selling your selfie you want to tell a good story use real people real experiences adjectives emotions make your story seem larger than life be yourself tell the truth don’t make stuff up but present yourself in a way that missions is thinking hey this person seems pretty cool I want them like them back I want to meet them in person and hopefully offer you a spot in the PA program as far as interview tips I have a previous video I’ll link it below going in detail about that and I experienced in the process that is a great video idea so I will say that for the feature I be asked about finding shadowing opportunities this can be kind of difficult an easy way is volunteering at the hospital hospitals always need more volunteers and it looks amazing absolutely amazing on your application you have volunteer departments that allow you to have hands-on experience if I got a lot of my hours in the ER and also in the pharmacy and the other thing you can do is ask your doctor I asked my ortho hey I’m your patient is it okay if I shadow you and it was one of my favorite opportunities something else that looks great do some research doing a medical mission trip you’re changing lives in third-world countries that’s usually where they’re located again life-changing experience really exposes to you and shows you how lucky and blessed you are to live and have such great privileges in our country and also looks great on the resume lastly I would email reach out to random small clinics in the area you’d be surprised a lot of them are pretty willing to take on students or let you shadow because again as a provider I love telling people about my profession and getting more people into medicine rebecca asks about ways to improve and stand out as a reallocate so I got into PA school on my second try most people I talked to it’s pretty common to get in on your second try you’re competing against thousands of people the class I applied to I believe had five thousand applications which is pretty increasing pants what I would recommend is in your application prove to the school especially if you’re applying the same program and how your application is different than last year what steps you took to improve and try to bump up your GPA try to prove to them that your package is different than last year and that you should get a second chance and getting invite to the program this is a great question Corey asked about note taking techniques / time management etc survival tactics one thing I learned the hard way is that they go through a gazillion slides in an hour which is crazy but realistically it’s not uncommon to have a hundred slides per one hour lecture so for me there was no way I could handwrite that fast so my top tip is probably to have a computer I found it easiest to type on the bottom of the slides and trying my best to review the slides that same diaper if not the next day so it’s fresh in my brain something out some points you remember you’re in school from 8 to 5 you’re already exhausted and you’re going to go home and study for a few more hours and be more exhausted so if you’re not retaining any information it’s better to take a 30-minute break recoup go on a walk so knowing when to take a break is probably my biggest tip for survival as far as time management making a checklist it feels so satisfying to check things off the list that way you have a list of daily goals of course you’re probably not going to get through all them but just knowing how to plan out today how did partition your time is super helpful in time and management another big tip of mine is to just keep looking forward to the future my friends in PA school will make a joke how many sleeps until the next break so five sleeps until Christmas vacation two sleeps to the weekend just something fun to look at so remember how lucky you are to be in school and that you’re chosen out of thousands of people so don’t worry he got through the worst of it getting into school the end is near same brand asks about how to beef up your GPA most efficiently post-grad so for PA school minimum needing to be above of course you don’t want to be just at the minimum try your best for a As so I would say anything that’s below a B you definitely want to retake things like Anatomy med term that’s gonna be super helpful in PA school anything that’s borderline B B+ I would probably retake as well to boost up your GPA so it’s really important to have a strong foundation in anatomy in microbiology medical terminology you can even take some farm classes to the show that you’re getting a jumpstart into the PA school curriculum this is my last question of the day is how to deal with anxiety now PA school is going to be one of the most stressful experiences of your life it was definitely super stressful for me and remember you’re not alone there are a lot of people who ended up going just temporarily on anti-anxiety medications or seeking counseling does not mean you’re crazy it’s actually okay and healthy to go out and get help so again if you feel like this is you it is not uncommon and it’s important for you and for your sanity to do that what I did to deal with anxiety is to make sure to always do something that makes me happy I did continue to teach figure skating part time just a few hours a week you know it was crazy to work during PA school but in my mind it was better to work three or four hours a week teaching figure skating and doing something I love rather than spend two to three hours staring at a textbook not rotating any information wanting to throw my textbooks out the window other things people like to do yoga hot yoga dancing music writing any type of hobby that you still love just remember to take time to do it and then I think that really helps was just getting away from school just going home on the weekends hanging out with non PA school friends i love-love-love on my PA school friends but one role that we would joke around about is getting together not talking about PA school not talking about tests or studying anything stressful we wouldn’t even have this joke if you talk about it you gotta take a shot so just try not to talk about stressful things and try to keep things light hearted hanging out with friends not frumpy a school or family from home just to you know just don’t you that’s how school is going just keeping your mind off of it just staying calm most schools also offer fun things to do they may have something like intramurals a great way to meet up a friend another program to the school and get some energy and endorphins out and just relax so that’s all the time we have today for these frequently asked questions about PA school and the PA life stay tuned to part two of the video where I answer my questions and see you guys next time
As found on YoutubeRead More
So you want to become rich without any money? haha! you can totally do that! It’s awesome. I know because I did. Kris Krohn here with Limitless TV and we’re going to be talking about different ways of creating wealth. I’ll even give you one of my favorite proven systems of exactly how I did it. So if you got no money and you want to become wealthy, if you want to become rich there’s two different ways. Two different approaches you can do. You can either use a proven method or you can be the creator of a method. And I want you to understand the risk between both of these concepts. If you leverage a proven method, this is what I did and I’ll share with you what I did. Or the difference of actually creating something novel like, like think of the guy that started Facebook right? I mean he created this really amazing idea now he’s a multi-billionaire. By far, the safest way to become wealthy is to already leverage proven paths. That may not be your path. You may be, you may feel called the pioneer something different in something new. For me personally, my whole story in life began on my journey to creating wealth to leveraging proven existing systems. And this is coming from a place where I was $8,700 in debt.
I didn’t, wasn’t making enough money at my job to actually cover and pay all of my bills. The thing that made the difference was getting a mentor based on a proven path. There were three men that I worked with all of which had made over ten million dollars and these individuals all made their money through real estate investing. This is something anyone can do. In fact, the first fourteen months of being mentored I didn’t buy a property and I wasn’t making any money but I was following their system in their path of developing credit putting a little money in savings, penny-pinching.
It ultimately put me in a position to buy my first house. In my first house when people came over the for the for the for the housewarming party, what they didn’t realize was this wasn’t going to be my house very long. I really was renting out the basement it was covering my whole mortgage and I bought the house with $40,000 of equity. So the house was an investment and that house bought my second house and the equity in those homes bought my third house and with with no money, other than 14 months of saving five thousand dollars, thirty five hundred which I used to buy this house, same strategies existing in our world today. Those homes became 50 homes, became a hundred homes, became hundreds of homes, and I built all of that without any money out of my own pocket but I did it through working with mentors that knew a proven system and a proven path. And in this next video segment, I want to really share with you exactly how I did that because if you want to create wealth for nothing, you’re going to need to take the right advice, stick to the plan, and execute it like I’m about to show you.
I’m going to show you exactly how I became wealthy with no money and I’m going to show you exactly how I did it and the advice that I took from my mentor and what it started with is, number one, is you need to have a mentor. Okay? This is someone that knows your situation, has been where you want to be, and is going to be able to give you the right kind of advice. The next thing that you’re going to need is you’re going to need a system. I’m going to show you the system right now. And then, between these two things, the last thing that I’m going to encourage you to need is a team. And team essentially means that you don’t have to wear all the hats of all the successful operations of putting this in place.
You just need to tap into other people’s brilliant abilities because anything that you don’t currently know how to do you don’t have to learn it you just have to have that person on your team. Here’s what I did. The advice that I have received from my mentor that showed me the system that helped me put the team together was, number one, is I needed to develop my credit so that I could buy a house. For some of you that might mean credit repair. For me, I was young and didn’t have credit so I needed to establish credit. I was told to have three lines of credit. I only had one. So I got two more credit cards and I was responsibly using them. How do you do that if you got bad credit? hire a credit repair company to fix that. Learn how to get good credit for the system to work. And then the second one was you have to have enough money for a small down payment. Which for me was $5000. And then the last thing that I needed to do for the system was I needed to stay in the same line of work for two years.
So for example, I couldn’t be a seamstress or for a year and then like become a guinea pig trainer for a year because those are two very different lines of work. We’re jobs um, so, these are the three things that I needed to have and then this is what happened. 14 months later, I possessed these things. 14 months later, I had developed my credit. 14 months later, I had saved my 5 grand and 14 months later I had completed my two-year work history. I was thinking about changing jobs. I didn’t. Do you know why? cause I was following the advice of my mentor who walked me into the system. What I did is it allowed me to buy a house and I bought not just any ordinary house, I bought a house with $40,000. A pirate booty in it, right? I’m talking about equity. House was worth 150,000. I bought it for 110,000 so my net worth went up $40,000 which by the way was more than double what I made in a year.
So I’m talking about Kris Krohn starting out poor. Right? and then this house had a basement apartment and the basement apartment covered my mortgage. So that was kind of cool because I got to live for free. Which meant that I eliminated my biggest expense at that time in my life. The reason why this system was important was because twelve months later I was able to get a home equity line of credit. I got other videos on the channel here where you can research what that is.
And I was able to access this money and I used it to do what? I use it to buy a second home. Now I still lived in this home but I bought this house with well over fifty thousand dollars a pirate booty, is exciting. And then the other thing is I rented out this house and it had a $500 a month cash flow. So, collectively between my two homes my net worth was around $100,000 and I was living for free and getting paid 500 a month. Then guess what I did? Oh you’re so smart. I did it again. I then, this was my P for primary residence, this was I for investment. The third house I did was that I moved into a new primary residence. This one became a rental and I rented it out and made $500 a month cash flow. So guess what? I’m making over a thousand dollars a month.
I bought this house with, you guessed it $50,000 of equity love that pirate booty and it also had a basement apartment that paid for my mortgage. Living for free, net worth of a hundred and fifty thousand dollars, making five hundred dollars a month here, five hundred dollars a month here. So are you starting to see how the system worked? the equity in this house then got used to purchase my fourth house which was an investment property that had a cash flow. And then I just started doing that system over and over again. Now by the time I have four homes I went into Phase two of the system. And Phase two of the system was now starting to approach people with money and saying, look at my track record on my portfolio. Look at my pirate booty, look at my cash flow, would you like some of that booty? and would you like some of that cash flow? I can find the deals. I’ve got a system in the team to make this work I need your money.
And you know what? everyone I approached that saw my return said what? I’ll partner with this kid. And from that point on I started buying homes left and right without money or credit. Right now, I’m selling off one to two homes a month. I’m making tens of thousands of dollars every month on homes I bought years ago using someone else’s money, reinvesting, and buy more homes. So this is a really fantastic system this is exactly how I did it. And again if you want to be wealthy with no money and do that, you can either go start a Facebook and go down and pioneer path something that’s never been done before or you can leverage proven systems.
As found on YoutubeRead More
Hi everyone the lesson here for money evolution calm in today’s video I’m going to be talking about the retirement planning timeline and some of the key ages and milestones that you might want to think about in terms of your financial planning and getting ready for retirement so let’s start all the way over here on the left at age 50 is what we call where the serious retirement planning phase begin so that’s the age where oftentimes people may have gone through a major transition maybe your kids have moved out of the house maybe your cash flow is starting to improve because maybe you paid some debts off or your house off or you’re just starting to think about hey if we want to retire in 5 or 10 years what do we need to do to make that happen and what are some of the planning steps so 50 is the serious planning phase begins age 55 is another key milestone then not a lot of people are aware of but that’s the age where if you get to that age and you’ve retired on or after your 55th birthday you can take penalty-free withdrawals from your 401k plan so that’s a question we get a lot where somebody wants to retire 57 or 58 and they want to start taking some withdrawals but they don’t know how to do it well if as you keep the money in your 401k plan you can take those penalty-free as long as you separate after age 55 59 and a half is what we call the normal retirement age that’s where you can start taking penalty-free withdrawals from all of your retirement accounts 401ks and IRAs so that’s the magic age that the IRS has put on us 62 is the age when you’re eligible for Social Security benefits as an early collector so that’s the earliest that you’re eligible for your Social Security benefits 65 is the age where Medicare kicks in so that’s another important milestone for many of you watching this you may want to retire prior to age 65 unfortunately before age 65 you’re going to either have to hopefully have some insurance provided by your former employer or you’re gonna have to go out into the exchanges and buy that insurance on your own that’s something we talked about and some of our other videos there but 65 things get a little bit better you get on Medicare age 67 is what we call the full retirement what Social Security ministration calls your full retirement age so that’s where you get unreduced Social Security benefits and then at age 70 is the latest that you can delay collecting Social Security so if you wait past your 67th birthday you’re going to get about an 8% increase for every year that you wait but you can wait past that 70 but doesn’t make sense to you’re not going to get any additional benefit by waiting past age 70 and then 70 and a half is where whether you have a retirement withdrawal strategy or not the IRS has one for you and it’s called the required minimum distribution rules or RMDs and that’s basically if you have money in traditional retirement accounts the IRS has said hey you’ve gone long enough without taking it in this money out you need to start taking withdrawals and start paying some of the taxes on that money so all of this here that we’re looking at if you think about how your income and expenses work while you’re still working they’re gonna be you know pretty consistent you’ve got some income coming in you’ve got some expenses hopefully you’ve got some cash flow leftover at the end hopefully you’re saving some of that additional cash flow but then once retirement kicks in let’s say you retired at age 57 well you might not have any income coming in or maybe you have a small pension or a big pension coming in but you’re not even eligible for example to get Social Security benefits you may have higher expenses because you’re paying healthcare premiums out in the exchanges so at age 62 if you take Social Security benefits maybe that kicks your income up maybe your expenses go down once Medicare kicks since there’s a lot of this variability that’s going on so one of the things that we want to understand as we’re going through this retirement timeline is we want to understand a couple of things we understand what is our income today and more importantly or more specifically we want to know what is your tax rate today because that’s going to be very important for us in determining what that future withdraw strategy is going to be and maybe how or where we save that money while we’re still working so that’s very important versus that tax rate out here in retirement the other thing we want to understand is what we call your retirement gap and everybody pretty much has a retirement gap that’s why you say money for retirement so that you can start to take some withdrawals from your portfolio but understanding that gap is going to tell you or us how much money you might need to take from those retirement accounts it’s also going to factor into the more money you have to take out the higher that tax rate is going to be so we’re going to start to learn a little bit about what those tax rates are going to be throughout retirement and one of the things that we notice is generally from the time somebody retires to maybe age 62 or maybe even all the way to age 67 if you delay taking Social Security these are what we call the low tax years for many people and that that gives us some opportunity to do a couple of things number one it gives us a strategy for taking withdrawals because in these low tax years if we’re in a lower effective tax rate we can take more money out of those retirement accounts and do it at a reduced tax rate we also can look at doing something called a Roth conversion and so basically what that is is saying okay we’ve got some money in a traditional retirement account and hopefully if that money grows between now and age 70 and a half those accounts can sometimes grow fairly large which means that at age 70 and a half if you haven’t done anything preemptively before then you could end up in a potentially really high tax bracket so by doing a Roth conversion and taking advantage some of these low tax years kind of preempts that a little bit and as allows you to kind of spread that income out over a longer time period so having some really low tax years here and some really high tax years there we can kind of spread that out and keep hopefully things at a lower tax rate throughout retirement so those are some of the planning strategies that we do the other factor that goes into play here on having higher taxes is that also is going to affect your Medicare premiums so Medicare premiums if you don’t know already is tied to the amount of income that you made from actually the prior two years ago basically and higher that income is the higher the Medicare premiums are going to be and sometimes that could be substantial as well so by keeping that income a little bit more consistent hopefully can maybe keep your Medicare premiums a little bit lower as well so these all of some of the planning strategies that go into it the last thing I want to talk about here is in looking at some of these low tax years the potential RMDs we want to look at where are you contributing money while you’re still working and oftentimes what we see a lot is that people have put the majority of their money in traditional retirement accounts those are monies that they get an immediate tax benefit today because it comes off of your income and that’s what people like but again what that might be doing is putting them in a position where they’re paying more taxes in the future so for a lot of people you might want to consider look at making Roth contributions while you’re still working and balance that out a little bit because that’s going to be a situation where you’re not getting any tax benefit today but you can take tax-free withdrawals in retirement so it gives you a little bit of a balance there so hope this has been helpful hope this is helped make some sense on some of the things you should be looking at at these different ages this is something we do all the time with our clients and we do this through our wealth vision comprehensive financial plan of course we get into a lot more detail a lot more information about the tax rates and some of these strategies here
As found on YoutubeRead More
How can I replace $70,000 a year in annual income with rental properties that is the subject of today’s video hi everyone I’m Clayton Morris the president of Morris invest let’s dive into it so how do we replace seventy thousand dollars a year in annual income with passive income with rental property income from tenants every month providing cash flow from the properties that we own you might think that that sounds like a tall order but it’s not and I’m going to show you how simple it can be to actually replace that annual income you know a little story about me that’s in fact how I got started I was frustrated sitting down with my wife one night I said we were frustrated with our bills and I said how come at the end of the month where we still have more bills to pay and we don’t have enough paycheck to cover it aren’t we doing well what are we doing wrong the problem was that we weren’t putting the money to work for us to start creating cash flow in our lives and creating passive income so I put together and it was really the foundation of my freedom cheat sheet it’s the number that changed everything for me by the way that link you can download a free pdf it’s like three pages long sit down with your husband or wife and go through it totally free the link is right below this video and it’ll walk you through step by step with some numbers and figures on exactly how to figure out how many houses it will take for you to recover that annual income but I want to tackle the $70,000 question specifically most of the houses that I buy and that my company rehabs and sells are in that forty to forty five thousand dollar range okay single family homes two bedroom one bath three bedroom one bath and some duplexes okay duplexes or you know door on each side typically and two bedrooms on each side or three bedrooms on each side those are the types of properties that I buy now I buy them low and I fix them up and I place a great tenant in the property each of those properties will cashflow about $700 let’s just say for round number $700 okay now think about how much is $70,000 a year how much are you probably making per week well let’s bring out the calculator so $70,000 a year let’s divide that by 52 weeks that’s about thirteen hundred and forty six dollars a week that you are earning from your paycheck okay thirteen hundred and forty six dollars a week so now let’s figure out how many houses it would take us to replace seventy thousand dollars a year in passive income seventy thousand dollars right it’s a simple formula if each of our houses is bringing in seven hundred dollars a month that’s a simple formula right seven hundred times 12 gives us $8,400 okay now let’s take that 70 thousand dollars and let’s divide it by eighty four hundred that’s eight houses that is eight point three properties eight houses bringing in seven hundred dollars a month now imagine if you’re buying a forty thousand dollar house if you had to bring a little bit of money to put down as a down payment or deposit you were able to reach out and get private financing or seller financing on a property then you’re able to accrue these properties very quickly now some of the things I didn’t talk about in this video and I can dive a little deeper now that we always want to take out money for for vacancy and repairs on our numbers right so that eighty four hundred dollars a year let’s multiply that now times point six so we’re gonna remove forty percent for vacancy repairs and expenses this is just to be totally conservative with your numbers so let’s take that eighty four hundred dollars and let’s multiply that times point six so we’re bringing in about five thousand and forty dollars per property per year okay so now let’s take that five thousand and divide it by seventy thousand so this will be a totally conservative number but this will help us really make sure that we’re totally covered should something go wrong maybe we have a vacancy for a few weeks or a month or two in one of our properties this will take in that into account so seventy thousand dollars let’s divide that by five thousand forty that gives us thirteen point eight properties so let’s round that up fourteen properties fourteen properties would bring you about seventy thousand dollars a year in net income that would replace that $70,000 paycheck that you’re making every year then in other videos in this series I’m going to go through exactly how to find properties how to acquire properties but just for the sake of this video I wanted you to start to put your mind in a place where you can begin to reverse engineer that number for a lot of people you don’t think that you’re going to be able to create passive income or bring in that much cash every year hogwash I do it hundreds of thousands of other investors out there do it every day they do it exactly the way that I do it some buy residential properties some buy commercial properties it doesn’t matter it can be done that’s what I do I’m Clayton Morris
As found on YoutubeRead More
Hey, welcome back, everyone. TD Ameritrade’s Investor Education Day. My name is Ben Watson. This is our seventh year of providing Investor Education Days on a variety of topics. Our focus today, retirement planning. We’ve got a great presentation coming up really quickly from Barb Armstrong, Planning for the Unexpected. Because you know nobody expects the Spanish Inquisition. So speaking of that, unexpectedly, Pat Mulally has just dropped into the studio. Pat, you’ve been listening to Investor Education Day all morning long. Yeah, fantastic. What’s your take so far? Fantastic. The back and forth, the dynamicness– is that a word, dynamicness– anyway, has been really great. What I really thought about that last segment was the systematic drawdowns, right? And those systematic drawdowns, they’re not linear. The closer you get to possible leaving this earth, the faster that money draws down. To your plan expiration. That’s right. So, you know, you hit 90 and then suddenly, the drawdowns start, the velocity of the drawdowns start to speed up. So the decay of your account, that’s a very important thing to think about.
Right. Hey, so along the way, we’ve had a lot of I think kind of interesting mindset shift ideas. Right? The idea that, hey, we get very focused on planning for, and planning for, and planning for retirement. Right. But we don’t necessarily always think about what it means to now start to spend that down. Exactly. We’ve been very comfortable with knowing what’s in our retirement account and feeling good about that. It’s a good friend. You open up your account. There’s a total amount. Look at it. Oh, isn’t it nice? It’s growing. It’s growing. And then you start to spend it down and that maybe creates panic for some people. And so I think that’s one of the things that Christine and Matt did a phenomenal job of expressing and talking about some of those challenges. Now, one thing I want to remind everybody, Pat, is that these presentations are being recorded. Right. They are archived. They will be available at a later date for everyone to review and watch. We’ve got lots of great stuff coming up still.
As a matter of fact, Barb Armstrong is here in the studio milling about getting ready to go. We’re going to be ready to go in about one minute or so with Barb Armstrong. Any last words, Pat, before we get started with Barb? Time segmentation buckets. Yeah. Be aggressive– be conservative on the first bucket, aggressive on the last few. And grow the accounts as you go along. It’s a wonderful thing. That’s awesome. People never think about that. Fantastic stuff. OK, great stuff. Now, you’re going to be listening to the rest of Education Day. We’re going to bring you back in for a little bit more color commentary.
But as we get ready to roll here, Barb Armstrong walking into the studio. She is up and ready to go. We’re going to be talking about planning for the unexpected. The things you don’t recognize might be over the horizon, you walk down the street and who knows? You know, a piano could hit you on the head, right? So let’s get ready to start here with our next presentation in TD Ameritrade’s Investor Education Day starting right now. Welcome back to TD Ameritrade’s Investor Education Day. My name is Ben Watson. And I’ll be your host all day long, keeping things going with our retirement discussion today in our seventh year of Investor Education Days here at TD Ameritrade.
I am joined in studio by Barb Armstrong, one of our education coaches here at TD Ameritrade. We’ll meet Barb in just a moment. But we are going to jump on in here really quick. Planning for the unexpected. And as we talk about this today, a couple of things to keep in mind. Remember, this presentation is for educational purposes only. It is not a recommendation or an endorsement of any particular investment or investment strategy. Remember that past performance does not guarantee or indicate future success. Discussion of returns are purely hypothetical. They may not include the impact of commissions and fees. Keep those in mind. Remember that returns will vary. And all investments involve risk, including the loss of principle. TD Ameritrade does not make recommendations or determine the suitability or strategy of any security for individual traders. Any investment decision you make in your self-directed account, solely your responsibility.
Remember of course also that this is a copyrighted broadcast. So no part of this presentation may be copied, recorded, or rebroadcast in any form without the prior written consent of TD Ameritrade. And let me introduce you to my friend and fellow education coach, Barb Armstrong, who is a very knowledgeable investor and coach. She is passionate about introducing clients to the world of investing. Teaches a number of our educational webcasts throughout the week. Barb, it is all yours here at TD Ameritrade’s Investor Education Day. All right, thank you so much. It has been awesome to be listening in this morning to all the great information being shared. I am really excited to be part of this. I joined TD Ameritrade as a client– actually, TD Bank back when I lived in Toronto– at the age of about 18.
And I’ve been a fan of all things Toronto dominion oriented ever since. So thank you for joining me today. We have a lot of information to cover. And it’s great to see the passion with which everybody is approaching this, lots of great stuff. I get the honor of talking about expecting the unexpected. And, you know, although one can think that that may not be a very sexy thing to have to spend time on, you’ll be really grateful that you did, if one of these events happens to come your way, whether it is the to your income, whether it’s an unexpected expense risk, long term care risk, which we’ve already talked about this morning, health care risk. Risk to your market returns and timing can be so critical with respect to market returns, and inflation risk. So we’re going to spend a few minutes talking about each of these things.
With respect to unexpected early retirement, we really have two buckets we can look at. One is the happy bucket, where people are leaving the workforce early. And about half of retirees end up leaving the workforce earlier than they had planned. And 24% of the time that’s because they were really diligent in their planning. And they felt they were able to be able to afford to retire early. And then you’ve got about 10% who wanted to take on something else. So they’ve retired to move on into this next inning, if you will. Unfortunately, we’ve got about 40% of the people who end up leaving because of health issues or disability, which all of a sudden makes disability insurance look more appealing when we look at these kinds of numbers potentially.
There’s a lot that are also job related. It could be a job loss due to downsizing or a company closing. It could be the need to care for a spouse or a parent or another family member. You know, I know someone whose son was just in a really critical accident. And she has spent most of the last three months living in a hospital. And that certainly wasn’t something that any of them had planned for. There can be other work related reasons also. Maybe your business is being moved to Chicago or Baltimore.
But you really like living in Texas or Oklahoma or wherever you happen to be. And you don’t want to make that move. So all of a sudden, you find yourself in transition. And then there’s that need to keep updating skills. And sometimes that thing that you have expertise in a company may just no longer require. So we need to take that into account. And we’ll talk in a few minutes but how we might plan for that. We talked earlier in the day with Christine and Matt about the shock of unexpected expenses. And it’s really interesting because major home repairs, like a tree falling on your house as Christine mentioned earlier in the day, or upgrades that you want to make now that all of a sudden, you’re not working and you may be spending more time at home, those things that you didn’t notice so much all of a sudden these are projects that you want to tackle.
So 28% of people were looking at major home repairs and upgrades. 24%– this one surprised me– major dental expenses. And Pat Mullaly said like, isn’t that what blenders are for? But hey, if you don’t want to be living on food that’s come out of a blender and these expenses come up, you know, you need to have the money to take care of them. Out-of-pocket medical and prescription expenses can be higher than anticipated. And then there’s long term care insurance. And we’re going to talk more specifically about that. But that’s come up already a lot this morning. Divorce is another thing that is just part of the reality of the world that we live in today. About 50% of marriages end in divorce. So if you spent many, many years creating this giant heap and then you end up with half a heap, that can impact your planning.
And providing major support to children, to grown children, either having them move back in or need support in an unexpected way, these are just some of the things that can come our way as we enter retirement or while we’re enjoying retirement that can put a dent in one of the buckets that we take care of. You know, and one in five retirees said that they not only encountered one of these types of shocks, they encountered four or more. So many of us plan, you know, or there are some at least that plan to retire. And, you know, they think that business is going to go along, life is going to go along as usual. And then these things come up. And it really knocks the wind out of our sails. When we look at long term care risk, it’s interesting. A study done by the Society of Actuaries found that most people are concerned about long term care. But they haven’t either set aside money for it, nor have they purchased long term care insurance. And if you are a woman who is 65 years of age today, your chances are two out of three that you could require long term support, long term care support during your lifetime.
And 20% of those who need it, may need it for five years or longer. So that’s not an insignificant blip, if one hasn’t planned for that. Because the average number of years that long term care is needed, if it’s needed at all, is years for women and just over two years for men. So when you get out there into the marketplace and you look at costs, your average monthly costs for semi-private nursing home care is over $7,000 a month. That’s $88,000 a year. And if you’re in an assisted living facility, in a one bedroom type place, you’re looking at over $3,500, $3,800 actually. So that’s upwards of $50,000 a year. And so when you look at this and think, how do I plan for this? I noticed in the chat earlier, someone had said that their long term care insurance ranged somewhere between $4,000 and $7,000 a month. And depending on when you look at that– and this isn’t a product I believe that TD Ameritrade provides– but you might want to consider self-insuring and look at bucket number four or bucket number five as perhaps providing the income if it’s needed for that.
So and I can’t speak to this. I’m seeing questions come up on the chat on long term care insurance. I’m not licensed for insurance. And I’m certainly not a specialist in this arena. But when it comes to planning– and I love the approach they talked about earlier, Christina and Matt with the five buckets– if you could say with bucket four and five, maybe we ought to plan for this and take a look at some of the numbers and what things may cost.
And if you’re going to self insure say, OK, well, if I’m planning on for years at potentially this kind of money, what type of income do I want to have in bucket number four? So anyway, that’s just a thought on that one. When we take a look at returner market risk– and one of the things that we were cautioned about earlier is not to overreact. And one of the ways that we can feel more secure and be less likely to overreact is if we have that emergency fund set aside. And I think that Matt mentioned six to 12 months of living expenses. But timing is so important. If you were looking to retire in 2010 for example, you may have been hyperventilating after going through 2008 and ’09, which was particularly devastating in the marketplace. And you may have considered extending out your last day of work because of that. Where if you’re looking at it now at the end of a 10 year recovery after the devastation of 2008 and 2009, you may look at things differently.
So when we take a look at this, if you’re currently trending and you’re ahead of the game, you may want to consider, just consider, decreasing your risk. So that if we see another major pullback in the market, the wallop is less painful. Or at least put systems in place to manage your risk. And if you’ve experienced periods of underperformance, you might want to consider altering your plan. Inflation is one of those things, where particularly right now we’re looking at inflation rates that aren’t super high, we still have to consider the fact that– you know, I know people who are older than I am that paid more for their last car than they paid for the home that they’re living in.
The average home in 2000 cost about $167,000. Today it’s more than double that. When we look at car expenses– and I noticed somebody had put into the chat that car expenses can be a real expense that sometimes people don’t plan for. Well, if you’re planning on driving, you need to take into account that you want to have a serviceable vehicle. It doesn’t have to be the latest Mercedes or the latest big Suburban perhaps.
But it’s got to be something that’s going to get you where you want to go and in the style that you want to get there. So when we take a look at hospital costs too, I mean, again, from 2000 to today, those numbers have pretty much doubled as well. So it is still a real part of our futures. So the good news after all of that sobering information is that the targets you set for retirement are up to you. And the question I ask is, do you have a target? And a target for the amount of assets that you want to have going into retirement, do you have a target date? And where are you today in relation to that? One of the questions that has come up many times in the chat today is, how do I find this information that we have been referencing throughout the morning? And so I’m bringing up the TD Ameritrade website here. And we just signed into a demo account. And we’ve clicked on this tab called Planning and Retirement. And you can click on the Overview.
Or you can pick whichever segment is the most appropriate for you. But you’ll see that we have a couple of things here. One is the income planning worksheet that Matt had brought up images of earlier. And I mean, if you’re going to meet with somebody at TD Ameritrade, which is certainly something that you have the opportunity to do at your local branch, and they don’t charge you for that first visit to help you figure some of these things out. You can put things into buckets and like he said, essential and discretionary. And this is estimating your retirement living expenses. I know for some people what they do is they’ll use this as a template to make a note of what they’re spending now. So that they can better estimate their living expenses going into retirement. And then you can also fill this out and have a look at where are you now with respect to quote unquote your giant heap.
So going back, we can also then click on this retirement calculator. And we certainly don’t have time to walk through that today. But you can do several scenarios with this. You can go through with your current numbers. You can put information like, are you planning on downsizing your home? And how much money will you be adding to your nest egg when you do that? Are you getting an inheritance? Are you planning on working to 65? But in hearing that some people end up leaving the workforce earlier, maybe you want to run your numbers planning on retiring at 60 and see if you’re still going to be OK.
So you can put in all kinds of great information. And you can run this as many times as you like. You can run it as a single person, a married person. You can be 30. You can be 59, male or female. And it brings up average life expectancy rates and all of that also. So I just wanted to share that with you. So that you know where you can go get that. Also, since I’m here, I’d like to spend just a minute on the Education tab. Like if we come to Overview, you can access a course. And so let’s do that. It will bring up a recommended learning path for you. And so you can decide do you want to build a nest egg for retirement? So you can click on that. And if you do, it’ll bring up all kinds of information that you can tap into. So there’s a new course that we have just debuted called Simple Steps for a Retirement Portfolio.
There’s a webcast half an hour every week, Building Blocks for a Self-directed Portfolio. There’s another webcast on managing a self-directed portfolio. There’s one on investment fundamentals. If we come back up to the Education tab and we click on Webcasts, you’ll see that you have access to over 45 webcasts a week. I saw in the chat somebody saying, I really like REITs, or real estate investment trusts. There’s a class every Tuesday at Mountain, Eastern that we talk about REITs and bond ETFs. Someone else mentioned different option strategies that they like to use. So if we take a look at the webcast calendar, you can see that you’ve got all kinds of choices. There’s a Getting Started with Options.
So if you’re thinking options are scary and it’s something that you really are unfamiliar with, you may want to start here. We cover 10 or 11 different strategies. And then you can pick just one that you think resonates with what your goals are. If you’re already a seasoned investor, there’s lots of stuff you can tap into. And I know that many people in the chat today participating in the retirement day already do that. So lots of education here for you to tap into. I’m getting a little bit ahead of myself. Because that’s one of the things that I’m recommending, is that you continue to invest in yourself. So anyway, where are you relative to today? And then what kinds of things might you want to adjust? And when you’re going through without retirement calculator, you can adjust all kinds of things and see what kind of impact that will have on your potential long term success.
You may also want to make an appointment with somebody at a local TD Ameritrade branch, or if you’re working with someone already, make sure you have a strategy that one, you understand and that– OK– that one, you understand and that you have an investment plan to make sure that you are on target. Plan on enjoying three decades of retirement. I love the smile analogy that they came up with today. Because although a lot of people think that once they retire that they’ll spend less, the reality is that 50% of us when we hit retirement actually spend more. And that makes sense. I mean, we finally have time to do all the things we wanted to do. So we want to travel and we want to do that project around the house and all of those things. And then you kind of settle into a period where you’re spending less. And then as we hit the end of that last trimester, so to speak, we can end up with– I’m trying to read the chat here as I go, so that I can answer questions, and I’m sorry I’m getting a little distracted– and the .
Matthew Canadian so that’s part of my Canadian accent. So I’m sorry if that’s distracting for you. In any event, as we get into that last trimester, those last buckets, if we choose to go with that bucket approach, can help us in those years where health care may play a more predominant role in our spending. So our plan should include protections, protections against those things that we weren’t expecting, but hopefully we now can be prepared for. What if we have to end our career earlier than anticipated? What if there’s something in our family dynamic that causes us to have to either leave the workforce to care for an older parent or help fund that? Do we have plans in place for both ourselves and our spouse, if that’s appropriate? You may want to consider evaluating whether disability or long term care is appropriate in your situation. I’ve seen lots in the chat today also– and I love this– take care of your health. Your future self will thank you. Mark has just typed it in again, health is the new wealth. I have a friend whose tagline is if you don’t take care of your body, where will you live? And I think investing in getting out of bed earlier, as I did this morning to hit the gym before I came in, going for that walk around the block, all of those things will make that 30 years that hopefully you will get to experience in retirement that much more fun.
Because you’ll be able to put on your list the traveling that you want to do in the way that you want to do it, or the skiing, or the hiking. Can you tell the things I like to do? The skiing, and the hiking, and the biking and all of that. So an investment in that today may seem small, but it can pay off big time down the road. I applaud each and every one of you for being here today and for continuing to invest time in becoming more knowledgeable about investing in the markets. Consider working with a financial investor and plan for the worst and hope for the best. So– Wow, Barb, great stuff.
Well, thank you. Yeah, I mean, I think that’s one of those things. And really quickly, great job addressing some of the questions in the chat. And thank you for showing the education page, where people can go for more information, which is phenomenal. And again, coming up really quickly here we’ve got Michael Fairborn talking about rising interest rates. But I think you did a great job of tying back to what Matt and Christine were talking about this morning in their deeper dives. Right. You know, what to do as your life span maybe is longer, the length of time that you have in retirement is maybe a little bit longer than you were planning for. Or maybe expecting as things, you know, medical science continues to advance and things happen that we may end up living longer than we expect that we might. Right. And we want to make sure we have the resources to enjoy it. Absolutely. Well, thanks again, Barb Armstrong. You’re very welcome. And again, we’ll look forward to seeing you in the webcasts and maybe on Education Day again going forward. So thanks again, Barb, appreciate it. Awesome. Enjoy the day.
All right. Hey, guys, stick around. We’re going to be right back in just about five minutes or so with Michael Fairborn talking about what to make of rising interest rates. Coming up next on TD Ameritrade’s Investor Education Day. Again, really quickly, the reminder that any investment decision you make in your self-directed account is solely your responsibility. So stick around. Don’t go anywhere. We will be here all day long with TD Ameritrade’s Investor Education Day. Oh, hey, look who’s coming back into the studio. It’s Pat Mullaly. Hey. Pat, what did you think of Barb’s presentation? It was a lot of great stuff. And it hit home very closely to me.
And you know this better than anybody. You know, I was in great shape, went to Italy for a yoga retreat. Did I say yoga retreat? I was going with my wife. Yeah. That’s right. She was going to the yoga retreat. You were eating pasta. I know that. I got some kind of a virus that went into my spine. And you know for a year it took a long time. Antibiotics four hours a day That can hit. Unexpected things can happen. Absolutely they can. And so it’s important to keep that in mind. Hey now, coming up next, we’ve got Michael Fairborn talking about rising interest rates. And I think this is going to be an interesting discussion. Because we have so long been accustomed to thinking about interest rates only going in one direction. And that is up. We’ve been thinking about a rising interest rate environment. One of the other things that we might bring into this discussion is well– and I think Michael Fairborn will talk about this– is the idea that what do we do if interest rates stay the same or in fact even drop over the period of time that we’re looking at in our investment account.
As found on YoutubeRead More
Hi it’s Brett Lee here And today i’m going to tell you or try to tell you everything that I eat during the day and what my fitness plan is Coffee Coffee to me is very important in the morning because we generally work late nights But now I try to have a balanced diet. I don’t do Dieting I don’t do any sort of fed different diets that you see around the world I just I’ve tried a balanced diet and what I mean by that is, you know meat and vegetables and Just heaps of fruit try to keep things nice and balanced but I reckon with with eating too Hydration is the key. You know if you can stay well hydrated these Hunger cravings can can can go away because you yeah, you are hydrated. Yes I had a masala dosa which was a lot of fun, but normally just eggs whether it’s an omelette, maybe some fruit salad And you know once again coffee because coffee is very important in morning for lunch and dinner.
It could be a salad with some chicken You know could be some lamb and then I I do eat a lot of curries back in Australia But I also love a lot of Western food. I love Japanese food You know, I love Thai food. So I’m pretty multi-culture when it comes to different foods We do a lot of barbecues back in Australia where we put some lamb on the barbeque and some chicken So yeah, look it changes everyday But also fish I enjoy eating fish if you ask my wife she would say that so I’m definitely not an early riser Because we work as I mentioned, you know different hours to most people we might be You know on television until midnight one o’clock each each day when we are working So yeah, I probably get up.
You know, it’s to me whatever time you go to bed you need 8 hours sleep and that’s gotta live my life on because sleep is the most important thing obviously to keep Keep a balanced life also to keep your weight at a balanced level sleep is very very important Well, oral hygiene if you ask my friends, they reckon I am What would they say that they’d say that my oral hygiene is a hundred over 100 because I floss probably five times a day Brush my teeth at least three times a day and you know making sure that you see the right people We’re down here today at dents, which is a wonderful place. I’ve just discovered the hygiene. The cleanliness is first-class world-class Definitely come back here again a favorite meal of the day. I think it’s probably dinner because that’s when as a family, you know us For unuse we obviously eat ate our meals a lot earlier than the traditional Indian culture So we will provide dinner in about 6 o’clock latest when I’m back in Australia and us it’s a really good chance Where we all come together as a family and share a beautiful meal probably would have to be Japanese food Yeah, it’s you know with whether it’s sushi sashimi.
I love all the fresh produce and the fresh fish And and also some salad too the healthiest alcoholic drink that’s probably oxymoron probably doesn’t even exist If you are gonna have a spirit have it with water thanda pani with it are there’s there’s there’s all these different diets going around But what happens with with diets in some people is that they you know, they will lose weight So they’ll go purely on a full fat diet They might go purely on a vegetarian diet And what actually happens is that? When they go on a fad or they go through this diet and they might last for six weeks or six months as soon as they go off it, you know, they put all the weight back on so consistency Keeping a balanced diet a balanced lifestyle. We all know that abs are made in the kitchen 80 percent of You know weight loss is definitely made for the kitchen and if you can substitute that with it with a nice You know training each day 45 minutes of training is all that you need You do that you tick that box and you should have a healthy life.
Oh, there are few fit guys in the world Kol is obviously a guy that looks after himself and he’s very fit You know if you think about the AVI play someone like a Mitchell stark He’s got a beautiful rap. You know, you don’t have to be the next cricketer You don’t have to be the next Bollywood star as long as you’re looking after your body and you’re comfortable in your own skin That’s the most important thing well I try to pride myself on being the fittest and we used to have competitions among the team who was the fittest But I think fast bowlers are definitely the fittest of all athletes.
I think throughout the world They’re smile. Anyone that’s on the Bollywood screen. I’ve got a good smile I mentioned a few before the Shah Rukh Khan Preity Zinta two friends of mine that that owned Kings XI and KKR so probably go this day just to keep things consistent and if you if you tick off Something every single day in order to to make you feel good So in other words get up in the morning achieve something whether it’s making your bed Whether it’s getting up taking out the rubbish Whether you go to the gym in the morning If you start the day knowing that you’ve actually achieved something so I like to get up feel fresh plenty of water You know making sure you’re drinking three to five liters of water a day. So that’s definitely the key Hi, this is Brett Lee.
Hopefully you have enjoyed my interview .
As found on YoutubeRead More
Hey, what’s up guys? Kris Krohn here. Yes, it is winter. Yes i’m driving with the top down. It is one of my favorites. I am totally impervious to the cold. But today I want to jam with you in real estate and I want to talk about why 90% of all millionaires make it in real estate. And there’s very, very specific reasons why. and so what I want to do is break it down for you. I really want to give it to you in in like the deeper science than I have in the past. And I think you’re really going to appreciate it. So, check it out. I’m up here at my mountain home. It is snowy, it’s cold. But a super exciting day. You know, as I’ve started this YouTube channel, I’ve been really honing in. What is the information that would create the highest level of value for you? And today, I want to give it to you in one straight shot. How you invest in your 20s, so that when you’re in your 30s, not your 40s, not your 50s, not your 60s. You can really living be living life on your terms.
To me, it doesn’t matter whether you have money, whether you don’t have money. You have good credit, you have bad credit. Frankly, it really doesn’t make much of an impact at all to me. So, here’s what I want to help you understand. There’s a number of strategies when it comes to the world of real estate investing. In fact, there’s 32 main strategies out there. The first thing I need you to understand is that most strategies, they’re not good. You shouldn’t do… There’s tax deedsm there’s flips, there’s a lot of things that are popular.
There’s multifamily. There’s rentals. And I don’t do those things and I don’t think you should do those things. I think you should do what makes the most money that takes the least time in the least effort and has the least risk. Because dude, no one likes to start over, no one likes to lose and when you invest, there is some risk. The reason why I retired at the age of 26 is because I followed a very specific formula. And I want to detail it out very specific for you because there are 3 things that you do need to know about making money in the game of real estate. And if you follow these 3 things it’s gonna be a total game changer for you.
So, let’s head over to the whiteboard and I want to document this for you. Because I want you understand that when you get in the game of real estate, you want each property to be a win. When I found out that you could make 50 to 100 thousand dollars per deal, I got to tell you. That was something that was super exciting for me. Because I realized if I want to make a million dollars, then I just need to be able to count to 10, right? I got 10 finger. So, so much easier than some of the other ways and methodologies are out there. And so I want to ask you how many deals do you need to do before you’d say, “Wow, I’ve made it. I’ve arrived.” And with what I’m about to show you.
I don’t want you to be thinking in terms of like, you know, “I want to be a millionaire so I need a million dollars. I need to do 10 deals.” it’s actually a lot simpler. You don’t need a certain amount of money. What you need is a certain amount of properties producing a certain amount of residual income. You’re not striving for a certain net worth. You’re striving for your real estate to perform in a manner to give you enough residual income that you don’t need to work.
When I say I retired at 26, truth is I didn’t really retire I just became financially independent. And I quit my job and I got to live life on my terms. And it’s because of what I’m about to show you. There are 3 things in particular that you need to be aware of. Every time you do a deal in your backyard and it doesn’t have to take money. Some of these deals take nothing or maybe 1,000 or 3,000 dollars.
Very little. And the first thing that I want you to know is that you should be making around $5,000. just for consummating the deal as in finding $5,000 is what you get paid up. Now, up front is really important because who wants to be in the game of real estate and say, “Hey, I’ll work today but I want to get paid in years.” You need to get paid now. The second thing that’s important is that when I buy single-family homes, I buy them underneath the median. I buy them with my specific system. Which by the way it’s in a book that you can get for free. You can download it. If you click the link or the one that’s popping up on the screen right now, you can get my book for free that will go into deep detail on this. What I want you understand is that you get paid 5 grand up front and then you’re getting 500 on average freedom dollars every single month.
Now, this $500 is really important because if you buy 10 homes and those 10 homes are each paying you 500 a month. 500 a month times 10, that’s $5,000. You might not be able to retire on $5,000. But guess what you can do? You can walk away from a job that’s paying less. And if you figured that out, dude then why not do 20 more why not do 100. Especially when I show you how you don’t need to access your own money to make this happen. The third thing though that you do need to understand is while there is upfront money, this money is along the way.
You just keep on getting it. There’s another kind of money that you get when you sell this home in 2 3, 4 or 5 years. And it’s tens of thousands of dollars. If you’re buying it buildings the median, I’m guessing for all intents and purposes. And I use this as an example sometimes. $30,000. It could be 50,000, it could be 80,000. It could be 20,000. But probably not less. And if you start adding the upfront money, the $6,000 on average that you’re getting every year and this money, you start making 50 to $100,000 on every deal that you do. And my friend, that’s that’s the part of this whole game that I want you to have an understanding for. Is that if you’re getting paid upfront along the way and at the end, then the cool thing is…
And here’s the secret: You can multiply this. You do 2 or 3 or 4 of these deals. And it’s… So your ROI, your return investment is so high that you’re going to start attracting a very special kind of people. These people are called partners. And a partner is an individual that says, “Hey, I’m into my career. But I’ve been saving up some money. I don’t want to learn what you’ve learned. Can we go in 50/50?” And this is when you hit the big time and this is when you can do. Right now, I can do as much real estate as I want. I have a goal of becoming a billionaire. I want to be a billionaire philanthropist the second half of my life. And right now, I’ve got assets growing like crazy.
But I followed the system to get started to recreate my financial independence. And then my partnering system which you’ll also learn about in the book is what has taken me from independence to true financial freedom. Did you know there’s a difference between those 2? Financial independence just means you got out of your job and you’ve replaced it. But financial freedom means that you’re now living the lifestyle that you want. So, living where you want, donating the way that you want, giving to charities the way you want. You know, being able to take the travel and the trips and vacations. It’s a very real byproduct of all the real estate investing that we’re talking about here. So, what I want to do right now is I want to share with you how you can get my book for free. I want to share with you what’s in it and first of all, it’s called Unstoppable.
It’s a brand new book. And it’s different than any my others. Because I took out all the fluff and I Shrunk it really small. I just can grab a drink here by my absolute favorite drink. If you ever come visit me, just bring me a six-pack of apple beer. It’s not beer but I got to tell you it’s really tasty and I know the carbonation is not good for me but… So.. So, here’s the deal on the book. It’s called Unstoppable. And what it does is it documents your custom journey to get a particular realistic game plan to go from nothing to millions.
And here’s what I want you to understand about that: Whether you are… Whether you would say you’re too young or too old, whether you would say I don’t have enough money or I don’t have any money, dude that doesn’t matter. In my matrix of the book, I actually show how all those combinations of people can get in the game of real estate. And dude, it if you come out to my live events which you very well might, you’re going to meet all sorts of people, successful investors that are out there crushing it and doing it.
Right now, the book is free. We’re going to do that for a period. All you got to do is click the link below, get your hands on a copy of the book. And it’ll even come with a consultation if you want. You can talk to remember my team and basically say, “Okay. I’m reading this book. I’m getting my custom game plan. I’m figuring out my next steps.” And having a member of my team contacting you it’s just to make sure you understand the book in its principles. And if you get stuck then we want to finish customizing the process so that you’re completely clear on exact steps you need to do to make your next million or your first million in real estate.
As found on YoutubeRead More
So you’ve save save save your whole life and then it comes time to retire and you’ve got to start spending that money down well for many baby boomers spending that cash isn’t as fun as they thought it would be Matt Deaton of acute Wealth Advisors he is here this morning to explain and Matt is one of the valleys leading financial advisors he and his partner Damon they have a weekly retirement radio show and they help folks prepare for retirement and Matt it’s it’s mind boggling really when it comes time to actually go out and spend the hard-earned money that you’ve worked hard for you said that some people can’t do it they’re they’re fearful why well part of its they’ve they’ve developed habits of saving their whole life and now it’s time to start spending I’ve got this client that I’m working with right now she had hurt us at one of our workshops and she came in and she was currently being with her advisor once a month because she was so worried about her money she had just retired she didn’t know what to do and as she talked and she talked through these things I found that she was basically paralyzing or spending she just really didn’t know what to do she I told her I said you have some investments but you don’t have a financial plan you don’t have a plan for how you’re gonna spend this money and so you’re really really scared about it oh yeah and so so we’re working with her to kind of put that plan in place so that she can you know and she doesn’t have to meet with her advisor every month right and be worried about this that she can go out and enjoy retirement all right so how do you suggest that those folks out there who might be like her how do they overcome their fear well I think there’s a couple things number one I think knowledge is power the more you can understand about a subject the better and so we believe when we sit down with someone to educate them and teach them and so we spend the first few appointments just talking and educating about those the other thing that we have started to do is we’ve started to do these college courses okay so we hold these courses that’s a community college close it’s two nights it’s for two hours each night so it’s not long it’s not extended but it’s enough time to go into depth on these classes in this subject so that people can now own their finances because now they can learn about fees they can understand how to analyze their statements all these things that people get petrified and worried about that cause the issues when they were and so this to our class it’s two nights for two hours it’s a I mean are we you’re teaching us basically how to spend so we’re taking notes oh there’s a workbook we’re gonna teach people how to maximize their social security so the first thing we’re trying to teach people is how to get the most out of their money okay but then once you understand that you’re gonna know okay this is the money I need to set aside for the income I’m going to need ten years down the road but this is the money money I can spend now so I can have some fun while I’m young and I’m healthy and I can move and I can go on the cruise and all the things you’ve been doing so it’s it’s a it’s a course that just starts from the basics and builds on them alright so after we finished this two-day course you’ve given us a plan of action our distribution plan do you suggest that we update that oh absolutely so just because you go to the one class or just because you’ve sat down with a financial advisor at one time you cannot just stop there you need to continue to develop and make changes to that because things are gonna change your health is going to change your spending is going to change and so you need to make adjustments to your financial plan and I would have to imagine that after they have this plan that they the fear is lifted a little bit absolutely because again instead of just having investments you have a plan and so if you’re an emergency and you have a plan a lot of the fear goes away you know what you’re supposed to do that class and go gosh darn it I gotta get out there and enjoy my retirement well that’s all probably overwhelmed and and excited well she’s turning to become more excited you know she’s been overwhelmed she’s been fearful now she’s starting to get where she’s like okay I can really enjoy the travel I don’t do it I can do it and I think that you know that fear is normal because we’re not getting the income anymore so we don’t want to stop our current lifestyle right great information well let’s give you some information let’s to give you the tools that you need to enjoy retirement if you want to learn more you can attend that upcoming two-day educational course that we were just talking about hosted by acute wealth advisors there are two courses that you can choose from in October now one is going to be held at Mesa Community College the other at Glendale Community College and if you call in the next thirty minutes you’re going to receive 50% off the tuition for that course so it’s half off four eight zero six two zero six nine zero seven is the number to call spaces filling up so be sure to reserve your seat today acute wealth advisors they have offices across the valley for your convenience learn more by visiting acute wealth advisors dot-com
As found on YoutubeRead More
(logo whooshing) (ethereal voices) – Hi everyone. This is Stephanie for IVA, the Institute for Vocal Advancement. Welcome, to our health and wellness series for voice teachers. (relaxing music) So today, I will be
talking about hydration, super important subject, not
only for us voice teachers, but for life in general, right. We only are healthy, and
are functioning well, if we stay hydrated. Like the general recommendation is, to have six to eight
ounces of water every day. That equals about two liters of water. However, if you are a voice teacher, that amount might actually not be enough. And I tell you why. When you’re teaching voice,
you’re talking a lot all day. You’re singing a lot. And with every exhale that you’re doing, while you’re speaking, or singing, you’re actually losing water. So that’s why you need to make sure that you’re taking in more than just that minimum
amount of water, okay. It’s for you in order to
stay healthy in general, however, you need to
focus as a voice teacher, for a long time, depending
on how many hours you’re teaching a day, it
is crucial to stay hydrated, in order to really, really keep your focus throughout the day, also to
the very last hours of the day. They deserve, the same
focus, the same intensity, of attention, that you
had in the very beginning. And again hydration is key. But not only that, it’s
not only to stay focused, to keep your brain going, no. How do our vocal folds
function at their very best? You got it. It is when they’re hydrated. When they’re nicely
full and rich of water. Problem is though, kinda like
with short-term hydration, doesn’t really work, okay. Because, when I’m drinking
just a sip of water, it doesn’t reach my vocal folds. It nicely lubricates my
throat, it feels good, it might help me after a few minutes, to keep the focus again, however, have you ever heard the term, you’re singing on yesterday’s hydration? That is correct, because
it takes quite a while, for the water that you’re drinking to actually go through your system and end up hydrating
your vocal folds, okay. So that’s why you need to
stay hydrated constantly. Well, how do you do that best? Well what I do all the time, everyday, it’s like the first thing I
do when I get to my studio, I bring a big pitcher
of water, flat water, not carbonated water, because honestly, carbonated water makes me burp, okay. And, but not only that, I also
bring a big pot of green tea. I just love green tea, it feels good, it’s kind of energizing. It makes me awake, but not tired. And so I have a pitcher,
water, and a pot of tea, next to me all day. I constantly keep drinking it,
keep pouring it into my mug, but also whenever a student comes in, it’s the first thing I
offer them, they love it. They know when they come to my studio, I present them with the
best tea, with good water. Sometimes I infuse the water with lemon, or grapefruit, or cucumber, just like freshly-sliced cucumber. Tastes amazing. Has nice enzymes in it, and again, it makes me actually drink more water, because it tastes yummy. Doesn’t contain sugar. Sugar honestly, it makes you tired. It’s not good for you. So it’s very fresh, and just very nice also for your students. And sometimes in the morning when I start, I have a coffee on the side as well. But honestly, that doesn’t
really count for hydration. So in terms of hydration,
you only wanna count, water and tea that you’re drinking, right. So, yeah, that’s mainly
what I really, really recommend to you. Constantly, constantly drink. Have it right next to you. Present it to your students. Whenever your student is talking to you, or you’re explaining
something to your student, or you’re in a transition,
while you’re teaching, from working on exercises,
towards working on a song, you’re bringing up a track
on YouTube, or something, I always right away grab my glass, or pitcher of water, and refill, refill to my students. That’s how I stay
hydrated, because honestly, if I don’t do that, I notice immediately that my voice gets
scratchy, I’m losing focus, and I don’t like it, because
I wanna be 100% available, vocally and mentally to my students. And I know you’re just the same. So, take that into consideration. Get the pitcher. Get the big pot of tea. It’s just amazing. And I’m sure it will be helpful to you.
As found on YoutubeRead More