Your Optimal Personal Economy PODCAST
Episode 73: 3 Pillars of Success for Your Personal Economy –– With David Bachstetter

Episode 73: 3 Pillars of Success for Your Personal Economy –– With David Bachstetter

July 29, 2020

Do you have a planning quarterback who is dedicated to helping you optimize your personal economy?

In this episode, Justin Bennett is joined once again by David Bachstetter to discuss how David could add value to your planning and what’s important to you, your family and your business. David additionally uncovers three pillars of success that could add value to your personal economy.

In this episode, you’ll learn:

  • The benefits of having your own planning quarterback
  • The similarities between managing risk for companies and individuals
  • Why it’s beneficial to work with a financial professional who will speak up during the process
  • Three traits retirees want their plans to have
  • And more!

Listen now to hear how David Bachstetter’s experiences in corporate finance can add value to your personal economy!

Resources:  Bennett Financial Group | Bennett Financial Group Facebook Page | Justin Bennett on LinkedIn | David Bachstetter on LinkedIn 

 

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Episode 72: A Career Change into Comprehensive Planning –– With David Bachstetter

Episode 72: A Career Change into Comprehensive Planning –– With David Bachstetter

July 15, 2020

If you felt like something was missing from your career, would you make the jump into a more fulfilling profession?

Today, Justin Bennett talks to someone who has done just this — Bennett Financial’s newest member, David Bachstetter. Together, they unpack David’s robust experience in the financial services industry and what sparked him to transition into the comprehensive planning world.

In this episode, you’ll learn:

  • Where David used to work and what he learned from his experiences
  • What critical element was missing from his career
  • What made David realize that he wanted to become a financial planner
  • Why David sought out help with his own planning
  • And more!

Listen now to meet David Bechstetter, the newest member of Bennett Financial!

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page 

 

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Episode 71: Let Your Investment Portfolio Do Its Job –– With Shane Rogers

Episode 71: Let Your Investment Portfolio Do Its Job –– With Shane Rogers

June 30, 2020

Did you know that investments are only one piece of an optimal plan? Having the proper planning in place will allow your investments to do their job.

In this episode, Justin Bennett is joined by Shane Rogers, the Director of Investments at Bennett Financial. Together, they discuss the pitfalls of DIY investing, the benefits of working with a financial professional, and how to let your investment portfolio do what it’s supposed to –- instead of clinging to a short-term view.

In this episode, you’ll learn:

  • How investment management has evolved over the past 20 years
  • Common opportunities that DIY investors overlook
  • Which resources are available to people who work with an investment manager
  • Why investments are only one piece of an optimal plan
  • Which planning must exist to allow your investment portfolio to do its job
  • And more!

Listen now and learn how to optimize your investments to achieve your optimal outcome!

 

Resources:  

Bennett Financial Group - Website | Bennett Financial Group Facebook Page | Video about long-term investments

 

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Episode 70: How I Overcame Dark Moments to Cross the 100-Mile-Race Finish Line

Episode 70: How I Overcame Dark Moments to Cross the 100-Mile-Race Finish Line

May 27, 2020

Have you ever considered giving up in the middle of a challenge, despite having worked tirelessly to prepare for it? You might have even started rehearsing the reasons you would give your friends and family for quitting.

 

Justin Bennett has been there, too.

 

Today, Justin talks about how he pushed himself to complete his second 100-mile race, despite having dark thoughts about tapping out. You won’t want to miss this episode, as Justin speaks candidly about his race experience and how it relates to life in general. 

 

In this episode, you’ll learn:

 

  • What it was like to run through the Antelope Canyon and Horseshoe Bend of the Colorado River
  • How Justin worked through his internal struggles during the race
  • Justin’s recommendations on how to respond to life’s unexpected events
  • And more!

 

Listen now to hear how Justin pushed through dark moments to ultimately cross the finish line.

 

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page | Antelope Canyon Ultra Marathons

Episode 69: What to Focus on During Life’s Unexpected Events

Episode 69: What to Focus on During Life’s Unexpected Events

May 8, 2020

Is your balance sheet positioned to withstand life’s curveballs, like the current COVID-19 pandemic? Do you know what financial actions to focus on right now?

 

In this special episode, Justin Bennett shares his recommendations for planning items to focus on so you can stay the course with your plan. Justin also discusses the features of a protection-first planning approach that is designed to get you through unplanned life events — no matter how disruptive they are or how long they last. 

In this episode, you’ll learn:

  • What a protection-first approach to planning looks like 
  • What changes to make with your level of protection if your net worth grows
  • Three planning items to focus on during unexpected life events
  • And more!

Tune in now to learn what to focus on to maintain a strong personal economy that can withstand unexpected events!

Resources:    Bennett Financial Group - Website | Bennett Financial Group Facebook Page 

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SPECIAL UPDATE: UNPLANNED LIFE EVENT (COVID-19)

SPECIAL UPDATE: UNPLANNED LIFE EVENT (COVID-19)

May 6, 2020

In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we feel consumers should take during this time of uncertainty. 

Tune in now to learn how the marketplace is being affected and what we’re doing to help clients during this tumultuous time. 

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Episode 68:   Not All Assets Are Treated The Same From A Tax Perspective

Episode 68: Not All Assets Are Treated The Same From A Tax Perspective

April 15, 2020

Are you saving your money that’s earmarked for the future in assets that are taxed differently?? 

In this episode, Justin Bennett explains the purpose of saving money in three silos: taxable accounts, tax-deferred accounts, and tax-free accounts. You will learn about the features of each account and why they each play a critical role in your optimal personal economy.

In this episode, you’ll learn:

  • Which portion of a non-retirement investment account becomes taxable
  • Examples of tax-deferred silos and how they differ from their taxable and tax-free counterparts
  • How to take out 100% of your life insurance’s cash value without incurring a tax liability
  • How many silos to include in your plan
  • And more!

Listen now to learn about the three silos that Justin recommends for your growth money! 

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page

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Episode 67 - 6 Ways to Save More Money — Even if Your Income Doesn’t Increase

Episode 67 - 6 Ways to Save More Money — Even if Your Income Doesn’t Increase

April 1, 2020

Do you believe that getting a substantial raise is the only way to save more money?

Today, Justin Bennett explains why it’s possible to save more money at your current income with six common, but often overlooked, cashflow-triggering events. In this episode, Justin walks you through each event and tells you how to direct the new money onto your balance sheet.  

In this episode, you’ll learn:

  • How often your cashflow-triggering events might happen
  • How to plan for these events and direct new money onto your balance sheet
  • Which cashflow event tacks new money onto your paycheck 
  • Which cashflow event business owners should be aware of
  • And more!

Join Justin now to learn about six cashflow-triggering events that can generate new money for you to save!

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page 

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Episode 66 — Is Your Financial Plan Coordinated or Disjointed?

Episode 66 — Is Your Financial Plan Coordinated or Disjointed?

March 18, 2020

Most people don’t have a good understanding of what financial professionals do. This lack of understanding leads them to have disjointed financial plans that can cause more stress in different domains of their lives.

In this episode, Justin Bennett helps you better understand the role of financial professionals and speaks to the importance of working with a planner who will focus on your entire financial picture. This is your walkthrough of Bennett Financial Group’s planning philosophy, which is one that sets them apart from other planners.

In this episode, you’ll learn:

  • What your personal economy consists of and why all the pieces must work together
  • How to know if a planner is truly a “comprehensive planner”
  • Justin’s answers to these questions: “How are you different?” “How can you produce value for me, my family, and my business?”
  • And more!

 

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Episode 65 - How to Borrow Capital Without Disrupting Your Plan

Episode 65 - How to Borrow Capital Without Disrupting Your Plan

March 5, 2020

Let’s say you wanted to purchase a second property as an investment or for your family to enjoy — or both. How would you get the proper capital for a down payment without disrupting your planning?

In this episode, Justin Bennett shares the story of how he helped a long-time client with his planning resulting in him doing what he wanted to do. This conversation highlights the power of having options, and the opportunities that can come from using the cash value built up inside of a life insurance policy.

In this episode, you’ll learn:

  • How this solution was efficient (e.g. making sure the client wouldn’t be subject to taxation)
  • An outline of this strategy, including the numerous benefits to the client
  • Why the client chose this strategy over other options for getting capital
  • Whether the cash value will continue to grow within the policy in the meantime
  • And more!

Tune in now to hear an example of why cash value can be an effective capital source to lean on.

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