Episode 122: 5 Lessons Learned Over the Past Four Years

Episode 122: 5 Lessons Learned Over the Past Four Years

Work Your Wealth
Episode 122: 5 Lessons Learned Over the Past Four Years
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One of the fun parts of being a financial planner is getting to discuss some of the money moves we’ve made in our household knowing clients and readers are going through similar things. In these Work Your Wealth episodes I’ll be taking time to address how we approached the different money situations and the results of our decisions. Today I’m talking about what has happened since the merger with Abacus Wealth Partners, what Workable Wealth looks like now, how we’ve been getting through the pandemic and changes I’ve made to align my career with my values.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The timeline of the Work Your Wealth Podcast
  • The reason behind launching the podcast and writing the Work Your Wealth book
  • The 5 lessons I’ve learned in doing the Work Your Wealth podcast
  • The potential rewards that could come with putting yourself out there and taking risks
  • The importance of doing what you love
  • Why you have to recognize when it is time to evolve
  • The one person that will always look out for you most
  • Where you can continue to find the Work Your Wealth content and where you can continue to connect with Mary Beth

LINKS WE MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 121: The Relationship You Want with Your Financial Advisor with Dasarte Yarnway

Episode 121: The Relationship You Want with Your Financial Advisor with Dasarte Yarnway

Work Your Wealth
Episode 121: The Relationship You Want with Your Financial Advisor with Dasarte Yarnway
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Dasarte Yarnway is the Founder & Managing Director of Berknell Financial Group, an innovative independent wealth management firm focused on helping millennials and seasoned investors design their best lives.

Since the firm’s inception, Berknell Financial Group has become one of the most notable millennial-led financial services organizations. In an industry that focuses on revenue and dollars-invested, Dasarte realized that a firm’s value is created through how they could invest in their clients. Through this, The Wealth Bridge™ , Private Client Groups and Berknell Athletes were created. With his passion for listening to his clients greatest concerns and applying realistic solutions, Dasarte has become the go-to partner for millennials, growing families and seasoned investors alike. Berknell encapsulates this approach in their motto: Advice With You In Mind.

Coined a “financial thought leader” and Guru by NerdWallet and Financial Planning Magazine, Dasarte believes in meeting you where you are. He offers advice and insight through his weekly podcast, The Young Money Podcast, three books (Dating Benji 2016, Young Money 2018, Pay Me In Equity 2019) and weekly blog. His prayer is that you may design your wealth on your terms.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The story of how Dasarte got into the financial world
  • The group Dasarte likes to empower around their finances
  • How he built an ecosystem of financial knowledge for a community of people
  • Why Dasarte embodies a mindset of servant leadership
  • Applying the R.I.I.T.E. planning process
  • The reason Dasarte has applied the lighthouse method in all that he did
  • What the bigger picture for Berknell Financial looks like
  • The changes Dasarte has made to build his business more efficiently
  • The responsibility Dasarte feels to improving the financial industry
  • The hardest business lesson learned by Dasarte
  • The niche that Berknell Financial is continuing to reach
  • The biggest thing many clients don’t understand
  •  The unique challenges athletes face with financial decisions
  • Who the real hero is in the advisor-client relationship and why

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH DASARTE AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 122: 5 Lessons Learned Over the Past Four Years

Episode 120: Diversity and Inclusion in Financial Planning with John Eing

Work Your Wealth
Episode 120: Diversity and Inclusion in Financial Planning with John Eing
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John Eing is a partner and financial advisor at Abacus Wealth Partners.  As a financial advisor, John is passionate about simplifying and demystifying finances for his clients, and creating sound financial strategies allowing them to do what they love most.  He is also a member of the firm’s M&A team and investment committee.  Prior to joining Abacus, John was the Controller of Wells Fargo’s $30B asset-based lending group.  He holds an Executive MBA from the Anderson School of Management at UCLA, a BA in Economics from UC Berkeley, is a Certified Public Accountant, and a CERTIFIED FINANCIAL PLANNER™.

In his free time, John and his wife, Andrea, enjoy spending time with their two children Nathan (8) and Mia (4).  In his free, free time John is an avid fan of the Los Angeles Lakers.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How Abacus Wealth Partners is focusing on diversity, equity and inclusion
  • Why you should do everything that makes you feel uncomfortable in business
  • The difference between diversity and inclusion
  • The path that led John to financial planning and Abacus Wealth Partners
  • How to provide a space to openly discuss diversity, equity and inclusion in the work environment
  • The benefits seen at Abacus with the cultural lunch and learns
  • Diversity gaps in the financial industry
  • How understanding your client’s cultural background can make you a better advisor
  • A hurdle for financial education across different nationalities
  • How to turn the diversity, equity and inclusion conversation into action
  • Why personal finance must be taught in schools
  • What progress might look like when expanding diversity in the financial industry

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH JOHN AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 122: 5 Lessons Learned Over the Past Four Years

Episode 119: Are You Better or Worse off Financially in 2020?

Work Your Wealth
Episode 119: Are You Better or Worse off Financially in 2020?
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Are You Better or Worse off Financially In 2020?

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. Today I’m answering the above question.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • Why the end of the year is my favorite time of year for clients
  • Questions I consistently receive as the year is closing out
  • A way to gauge if you are better or worse off financially this year
  • First step in measuring your financial progress
  • The measurement to use when evaluating your financial health
  • How to calculate your net worth
  • A good way to evaluate your debt situation for the year
  • The check you should be doing on your debt every January
  • Why you should review your spending throughout the year
  • How your savings goals play into your financial health
  • Different savings vehicles you can utilize to grow your net worth
  • A few things you should consider when talking about your retirement savings
  • The role a change in income can play in figuring out if you’re financially better off this year
  • How “lifestyle creep” could potentially hurt your financial health
  • Why employer benefits must be evaluated each year

LINKS WE MENTIONED ON THE SHOW

LET’S CONNECT!

ENJOY THE SHOW?

Episode 118: The 5 Big Financial Planning Concerns You’re Forgetting as an Entrepreneur with Ariel Ward

Episode 118: The 5 Big Financial Planning Concerns You’re Forgetting as an Entrepreneur with Ariel Ward

Work Your Wealth
Episode 118: The 5 Big Financial Planning Concerns You're Forgetting as an Entrepreneur with Ariel Ward
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Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of 2019, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The most common financial planning concern seen with entrepreneurs
  • The retirement plan options available to small business owners
  • Items to be aware of if utilizing a SEP IRA
  • Some of the numbers associated with an individual 401(k)
  • The best plan to start with if you have employees
  •  How much you should be saving into your retirement account
  •  The type of insurance a small business owner/entrepreneur should consider
  • How a disability policy works and why you need it
  • If you’re thinking group policy, here are some options as a small business owner
  • Why you should have life insurance and who you are protecting
  • The type of life insurance policy you should get
  • What a keyman insurance policy will do for your business
  • Reasons you should have a business continuity plan
  • The two big ticket items we see people and business owners drag their feet on
  • Why you should have professional liability insurance
  • The benefits of utilizing a financial planner through all these decisions

LINKS WE MENTIONED ON THE SHOW

GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 117: Living a Financially Intentional Life with Naseema McElroy

Episode 117: Living a Financially Intentional Life with Naseema McElroy

Work Your Wealth
Episode 117: Living a Financially Intentional Life with Naseema McElroy
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Naseema is the founder of Financially Intentional, a platform about personal finance and living life intentionally. She discusses how taking control of her finances has enabled her to overcome bankruptcy, divorce, and break the cycle of living paycheck to paycheck. She shares her lessons along her path to help others benefit from the freedoms of financial independence.

Outside of encouraging people to get their financial act together, Naseema is a mother and Labor and Delivery Nurse. Though making six figures for years, she struggled with money. Finally realizing she couldn’t out-earn her financial ignorance, she knew she had to make some changes. By shifting her mindset around money, being consistent and intentional, She has paid off $1 million in debt and grew a six-figure net worth in three years without living in deprivation.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How Naseema made a move from nursing to finance
  • The misconception many people have about finances
  • Where to start in order to become more financially intentional
  • Steps to set yourself up for financial success
  • How Nassema paid off $1,000,000 in debt
  • The asset she sold to push her back on track financially
  • Steps you can take to improve your financial life
  • The flexibility Naseema was able to create by getting her finances in order
  • How to keep yourself committed to your financial goals
  • What it looks like to anti-budget
  • How to keep your financial life in balance
  • The importance of building a good team around you to continue to drive your passion
  • How to make legacy building second nature in your life
  • The benefit of having a financial planner as an accountability partner

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH NASEEMA AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 118: The 5 Big Financial Planning Concerns You’re Forgetting as an Entrepreneur with Ariel Ward

Episode 116: What Do I Do After I Max out my 401k with Ariel Ward

Work Your Wealth
Episode 116: What Do I Do After I Max out my 401k with Ariel Ward
/

Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of 2019, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • Options to save after you’ve maxed out your 401k
  • 401k limits for singles and married couples
  • The definition of a backdoor Roth IRA and some considerations around it
  • Income limitations for Roth IRA
  • What you should have set up before doing a backdoor Roth IRA
  • Why you should work with a financial planner if interested in the backdoor Roth
  • Tax considerations when utilizing the backdoor Roth IRA
  • When to begin contributing to a 529 Plan and how much
  • What to look for when investing in a taxable account
  • What capital gains taxes will look like based on income and time
  • How to take advantage of a Health Savings Account (HSA)
  • Some ages to keep in mind if you are utilizing an HSA
  • How you should prioritize your savings goals

GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 115: Unique Financial Planning Needs of the LGBTQ+ Community with Brian Thompson

Episode 115: Unique Financial Planning Needs of the LGBTQ+ Community with Brian Thompson

Work Your Wealth
Episode 115: Unique Financial Planning Needs of the LGBTQ+ Community with Brian Thompson
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As both a tax attorney and CERTIFIED FINANCIAL PLANNER™, Brian provides comprehensive financial planning to LGBTQ entrepreneurs who run mission-driven businesses. Entrepreneurs hold a special place in his heart. He spent a decade defending them against the IRS as a tax attorney and has become one himself as an advisor.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How Brian evolved from a tax attorney into a CFP
  • Navigating unique financial needs for the LGBTQ community
  • The impact of marriage on a couples’ finances
  • Estate planning challenges for domestic partnerships
  • The financial paperwork that should be in place for every couple
  • How to navigate different mindsets around money
  • Financial planning tools for future family members
  • What it means to run a mission-driven business
  • How to mitigate  “shiny object syndrome”
  • Where to begin if you want to create change in the world
  • The best way to measure your passion around an issue
  • How to leverage your unique expertise to make an impact

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH BRIAN AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 113: Align Your Career With Your Values

Episode 113: Align Your Career With Your Values

Work Your Wealth
Episode 113: Align Your Career With Your Values
/

One of the fun parts of being a financial planner is getting to discuss some of the money moves we’ve made in our household knowing clients and readers are going through similar things. In these Work Your Wealth episodes I’ll be taking time to address how we approached the different money situations and the results of our decisions. Today I’m talking about what has happened since the merger with Abacus Wealth Partners, what Workable Wealth looks like now, how we’ve been getting through the pandemic and changes I’ve made to align my career with my values.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • An update on where things are for Workable Wealth
  • Why it’s okay to pivot, even during a pandemic
  • Career details about my merger into Abacus Wealth Partners and how things are going
  • What prompted me to pivot and merge with Abacus Wealth Partners
  • What I recognized about my business and career to expand the value I was providing
  • Tools we built after the transition
  • What Workable Wealth has evolved into after the merger
  • What it looks like to make broader changes in the financial industry
  • The decision that was made to align my career with my values
  • How I felt I could make a bigger impact with clients and in the industry

LINKS WE MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?