Retirement Planning: How to Maximize Your Future Wealth

Ойын-сауық

Join Andrew Brill as he discusses the incredible story of Johann "Psy" Ko (‪@FIREPsyChat‬), a US Air Force veteran turned financial coach, who conquered a staggering $110,000 debt to achieve financial freedom.
In this episode, Psy shares invaluable lessons on overcoming financial burdens through discipline and strategic planning. Discover actionable tips on debt management, side hustles, and how to use tools like Roth IRAs and HSAs for wealth building. Psy’s journey from deep debt to financial independence is not just inspiring but also a testament to what’s possible with the right mindset and resources.
Learn more about Psy and his financial journey here: firepsychat.com/about/
Timestamps:
00:00 - Introduction to Johann "Psy" Ko
01:00 - Psy’s Deep Dive into Debt
03:20 - The Turning Point from Debt
07:08 - Discipline and Strategies for Debt Freedom
10:47 - Leveraging Financial Tools and Resources
15:34 - Personalized Financial Strategies
20:23 - Tackling Credit Card Debts
23:38 - Exploring the FIRE Movement
27:41 - Investment Strategies for Long-Term Growth
31:27 - Planning for College and Budget Allocation
34:50 - Mortgage and Home Buying Tips
38:41 - Final Thoughts and Key Takeaways
#podcast #firemovement #financialfreedom #financialeducation #retirement
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At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.
While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.
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The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

Пікірлер: 9

  • @Wealthion
    @WealthionАй бұрын

    SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: www.wealthion.com/

  • @FIREPsyChat
    @FIREPsyChatАй бұрын

    Thanks for having me! That was fun!

  • @Wealthion

    @Wealthion

    Ай бұрын

    It was great having you. Thank you for your insights.

  • @junal27
    @junal27Ай бұрын

    Thank you for the video. The hair crack you have behind you on the brick wall reminds me the houses I used to visit on DFW sitting on heavy or expansive CH clays!!!! All cracked likewise when clays got soaked/dried.

  • @Wealthion

    @Wealthion

    Ай бұрын

    Thank you so much for watching our content. As for the bricks, it's a faux brick wall.

  • @andyv6476
    @andyv6476Ай бұрын

    1 extra payment a year on a 30 year mortgage reduces the term to a 17 year mortgage?... 🤔

  • @netcomrade
    @netcomradeАй бұрын

    Banks make money on every CC transaction. Not sure this advisor is financially literate

  • @Wealthion

    @Wealthion

    Ай бұрын

    That is indeed true but mostly paid by the merchant. Restaurants and some merchants are charging a fee to use a CC but we were talking about the usurious interest the CC companies charge when your bill is not paid in full each month. Far higher than the 2.5-3.5% fee to use the card.

  • @netcomrade

    @netcomrade

    Ай бұрын

    @@Wealthion The guest claimed banks make no money from customers that pay their bills on time. The percentage per customer/transaction may not be as high but I am sure banks make it up in volume and are far from being a 'victim' that was described by the guest.

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