Family Wealth Builder Podcast For Motivated Millennials

Risk and Reward and Your Risk Number Did you know human beings are two and a half times more concerned about avoiding losses than they are about achieving potential gains? That's one of the reasons humans tend to sabotage their own investing, selling when they get scared, missing the recovery and buying back in when the markets feel safe again. Instead of fighting against this force of human nature, what if we could harness the fear of risk instead? What if we could turn your natural instinct for risk aversion into a strategy that actually empowers you to stay invested for the long term… That’s why Family Wealth Builder has invested in the world's first risk alignment platform, built on top of a Nobel prize-winning academic framework twice named by Fast Company magazine as one of the 10 most innovative companies in finance. Riskalyzeis used by our team every day to show prospective clients how they're invested wrong and help new clients be sure they're invested right. It all starts with your risk number, it

Are you a successful family or business owner who is occasionally frustrated or downright depressed about the amount of taxes you pay every year? Have you ever wondered why your CPA only provides tax preparation services, but doesn't give you great advice to... 1. Reduce Your Taxes, 2. Protect Your Assets, and 3. Build Your Wealth  As business owners, we all want to know that we're taking full advantage of every tax break we deserve. Tax Planning is a great place to start! But there's so much more. Every small business owner can save big money by following 3 CFP Tips. CFP Tip #1: Reduce Your Taxes, CFP Tip #2: Protect Your Assets, and CFP Tip #3: Build Your Wealth

I’ve come to believe that most people’s choices with financial planning only make sense when they’re moving in a clear, purposeful direction. If you try to make financial planning decisions without a sense of purpose for your life, you’ll be easily sidetracked and end up confused and empty. Defining or clarifying your sense of purpose is an essential element—actually, the essential element—in financial planning. The needle on the compass of your life directs everything you are, everything you do, and everything you have. The Model for Growth Vision, Intention, and Means: A Very Personal Journey In my own life and in the lives of countless people I’ve counseled, I’ve realized that change happens most readily and permanently if people have a clear picture of the future, a commitment to take steps of progress, and good handles on the steps they need to take. Elements of change, then, are vision, intention, and means. My book is about financial planning and its structured with these three features in mind: -- The

Wealth building for women can become an ever-growing challenge in the never-ending pursuit of a balanced life. Basic budgeting for daily consumption, children’s education funding, personal expenses, recreation, and financial independence are a few essential elements of wealth building for women and their families.

Investment Strategy is only one part of Wealth Management but anyone who understands risk and reward knows that Investment Strategy makes a big difference in your portfolio. In this short post I'm going to show you how I layer one investment strategy on the next to design an overall investment strategy that helps you Minimize Risk and Maximize Return.

3 Mistakes in Trust and Estate Planning Create it and forget it Mismatch of your family and your money IRA assets left rudderless Trust Mistake #1 Create it and forget it — 95% of wealthy families who create an estate plan with a Will, Medical/Financial POA, and/or Revocable Trust are done once and then only after someone dies — everything in the Trust and Estate Planning is forgotten. — The Family Members Never Talk About it — The Financial Advisory team never reviews it — The people are supposed to be beneficiary's of your plan are clueless. — Life events can change fast. — death, — divorce, — retirement, — sale of business, — other changes in your family situation Your Will and Your Plan — Medical/Financial POA and — important elements of your estate planning need to reflect and adapt to those changes. Why We Recommend a Trust Review in 2018! Trust Mistake #2 Mismatch of your Purpose and your Money We all have an opinion about our money and how our family should manage i

Do you get just a little anxious when the stock market crashes? In this episode, I want to share a few thoughts about how to manage the risk in your investment portfolio. Honestly, on days like today, its really more about managing your own emotions. Taking a deep breathe and being confident that your long-term plan is working just the way its supposed to work. Today the Dow was basically in freefall, down nearly 1,600 points at one stage before minutes later cutting those losses in half. The Dow Jones Industrial average whipsawed and closed about 1,175 points lower than Friday. On January 26, just last week, The Dow was at a record high. This kind of correction happens periodically and it freaks people out a bit. Financial gurus can spin any tail they want to explain what’s happening, but what I’m saying to my clients — and what I have been saying to clients is simple. The market goes up and the market goes down. Learn more at FamilyWealthBuilder.com

Make Your Family Strong “Through [skillful and godly] wisdom a house [a life, a home, a family] is built, And by understanding it is established [on a sound and good foundation], And by knowledge its rooms are filled With all precious and pleasant riches. A wise man is strong, And a man of knowledge strengthens his power;” ‭‭— PROVERBS‬ ‭24:3-5‬ ‭ Building a Lasting Legacy Everyone leaves something behind. Your legacy, like mine, will be etched in the hearts and minds and lives of the people you love. Your most important goals for today, and the greatest achievements of your career will quickly be forgotten but your life story, your legacy will be remembered forever and always by the people closest to you — your family. What’s Your Story? How will your family remember you? How will they remember your vision, your values, and your purpose?

The Power of Money Money can be used to rebuild entire nations and yet when we use money to provide simple things like food, shelter, or education to someone in need, Money has the power to fill our heart with good things. Using money to “do good” fills our soul with peace, love, joy and a lot of other beautiful things that money can never buy.

Today’s episode contains four features    Introducing a 5 Part Mini-Series: Part One — Starting with Clarity KickStarter Update — 12 Steps to Financial Freedom Shout Out to our Corporate Sponsors — still on the fence Another song from my friend Micah Peacock   5 Financial Planning Rules, Boundaries, and Limitations  1 of 5 (Clarity Planning) The five pillars of planning — clarity, confidence, control, contentment, and communication — are really planning principles that are embedded in the process of financial life planning: — Clarity — Confidence — Control — Communication — Contentment While these five pillars of planning sound really good, be warned, each of these five pillars of planning can be used or abused. I’m creating a five part mini-series to outline a few rules, boundaries, and limitations related to each of these five financial life planning principles because I’m hoping to get you to think about the next step in your plan.  I promise these principles are important for your personal plan, your fa

  Today is Easter Sunday.   So, you're listening to The Cross Day Three from BluebookStudy. I'll be back to work on Monday. Hope your family had a blessed Easter Weekend filled with joy and thanksgiving because... He is risen He is risen indeed!   Jim Munchbach 

This is tax day – April 15 – my birthday. Tomorrow is Easter Sunday. This is a beautiful weekend and I am full of gratitude for so many things. I just received an email from one of our new team members. I can't tell you his name. You'll know why in a few weeks. This young man is one of the most motivated millennial's I have ever met and in fact I just met him last week. It didn't take long for to figure out What Matters Most to this beautiful young man as he held his precious little daughter close... This guy is not just a new member of our team - he's someone I'm looking forward to getting to know Over the next many years.  Here's what he wrote… I'm reminded this holiday weekend that the story of Easter revolves around the celebration of Christ's victory over death. It's the day that God makes everything right, the day that God proves that everything sad will turn to joy. Living in the light of that victory and renewal provides never-ending joy.  And so, this special weekend, my prayer is that we will be res

This is good Friday. Tomorrow is tax day – April 15 – my birthday. The next day is Easter Sunday. This is a beautiful weekend and I am full of gratitude for so many things. I just received an email from one of our new team members. I can't tell you his name. You'll know why in a few weeks. This young man is one of the most motivated millennial's I have ever met and in fact I just met him last week. It didn't take long for to figure out What Matters Most to this beautiful young man as he held his precious little daughter close... This guy is not just a new member of our team - he's someone I'm looking forward to getting to know Over the next many years.  Here's what he wrote… I'm reminded this holiday weekend that the story of Easter revolves around the celebration of Christ's victory over death. It's the day that God makes everything right, the day that God proves that everything sad will turn to joy. Living in the light of that victory and renewal provides never-ending joy.  And so, this special weekend, my

In episode two Jim Munchbach shares a KickStarter update and a shout out to Micah Peacock along with a special message delivered by iTunes. Until next week -- Make Your Money Count.

This is Family Wealth Builder - I'm Jim Munchbach your host and I want to warmly welcome you to THE Podcast for Motivated Millennials and Retiring Baby Boomers. Thanks for listening to the Family Wealth Builder podcast.  Visit FamilyWealthBuilder.com to learn more and sign up for our BLEWS Letter for... 1. Business Owners  2. Legacy Builders 3. Estate Planners 4. Wealth Managers and 5. Serious Strategies to Make Your Money Count  Please consider backing our Kickstarter and help me launch a Virtual Training Lab to Mentor Motivated Millennials who want to be Powered by Purpose in the way they manage their finances. The primary purpose for building the Virtual Training Lab is to professionally equip The Next Generation of Family Wealth Advisors. For as little as 1$, you become a valuable part of our community.  $25 Backers will receive a Special Limited Edition, signed Hard Cover copy of Make Your Money Count along with a personal invitation to our KickStarter BBQ Party on June 3, 2017 in Houston, Texas. So, sav