Michael Policar Fiduciary public
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Go Out And Live!

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Go Out And Live!

Michael Policar - Fiduciary

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A NEW BRAND: "Go Out And Live! with Michael Policar" explores the fact that Personal Finance and Financial Planning aren't really about money. Being smart with your financial choices is advisable, but your actual GOALS aren't really about money. They're about the things money can buy. So with a new year, and a new business (www.ngpfinancial.com), please enjoy Go Out And Live!
 
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Financial planning, whether done by a professional or done yourself, should give you confidence that you're heading in the right direction. A spreadsheet can't assure you of success, but it can go a long way to easing your anxiety about finances. This week we explore a few ideas to help relieve financial stress. Questions? Email me: Mike@ngpfp.com…
 
This is one of my favorite concepts when it comes to personal finance. Compounding, as Albert Einstein allegedly stated, is the 8th wonder of the world. It can be hard to keep it top of mind, since the first 20 years of compounding don't seem to move the needle compared to the next 20. One important element of compounding? DON'T INTERRUPT IT! Quest…
 
Any time of year is a good time to do some tax planning. There's a lot of talk about it this time of year because people, for the most part, don't want to take action on something until they have to. In our conversation, we'll cover a few things that can potentially lower your tax liability in the current year and in future years. I am not a CPA an…
 
Accounting firm PwC conducts a study of 1,600 employees across the United States each year, to gauge the financial wellness of the American workforce. As you might imagine, financial stress has grown for many during the pandemic. This week, we look at the data and offer a few potential solutions to ease the stress on our fellow workers. Questions? …
 
It's a competitive market to buy a home right now. I'm joined this week by my friend and mortgage expert, Greg Anderson, to talk about his 10 commandments for getting a home loan. Some of the "commandments" are no-brainer's, like don't take on new debt while you're applying for a mortgage, but some are head-scratchers. Questions? Email me: Mike@ngp…
 
I'm hoping this will be the start of a "feature" every so often. Sort of like the Financial FAQ conversations. What's pisses me off is when any "advisor" really, but especially a FIDUCIARY advisor doesn't follow through on their duties to those they serve. It hurts people and gives the industry a bad reputation. It's time for that behavior to die. …
 
We all spend our resources. Sometimes we spend money, sometimes we spend time. And sometimes we can buy time with money. And often we trade time for money. The question is: Are you making deliberate decisions about how you spend your resources? This week, we talk about a thought exercise to help discover our priorities in practice versus priorities…
 
Investment planning is the final step in The 6 Steps to Starting Your Personal Financial Planning. Why? Because I think it's the top of the hierarchy of financial needs. With cash flow planning as the foundation and the rest of our steps leading to your investment plan, you're now armed with the tools to build your personal financial planning proce…
 
DISCLAIMER: I am not a CPA or tax advisor. Nothing in this episode should be considered tax advice. Consult a tax advisor before making decisions that involve your taxes. This week we continue on The 6 Steps to Starting Your Personal Financial Planning. Our tax dollars do a lot of things for us, but nobody wants to pay more than their fair share. W…
 
I think conquering your cash flow is an underrated skill. I think cash flow planning is about 75%, maybe more, of the effort needed to achieve your personal financial goals. This week, we dive into the first step of the 6 Steps to Starting Your Financial Planning with Cash Flow Planning. If you have any questions about this episode, email me and we…
 
Financial planning is an ongoing and should be designed to adapt to changes in your life. Whether you have an advisor or you handle these things alone, I hope you find these next few episodes helpful. 6 Steps to Starting Your Personal Financial Planning: Cash Flow Planning Risk Management and Insurance Tax Planning Financial Independence Estate and…
 
It's important to know what you're getting yourself, or your money, into when new "asset classes" drift toward your portfolio. I'm joined by a Finance-Twitter rising star, @wookieeindex, who has written enlightening blog posts about how crypto gets hacked. Read blogs at furballfinancial.substack.com Questions? Email me: Mike@ngpfp.com Disclaimer: N…
 
This week we talk about a client who's 2020 tax bill was ZERO on a federal level. They owed a little bit of state taxes, but otherwise they're loving not owing a dime to Uncle Sam! Their CPA is too! This is the result of planning that was started in 2017 (maybe earlier) and is really paying off now. It pays to plan! Questions? Email me: Mike@ngpfp.…
 
When you are solely focused on one thing, you can get a lot done in a short amount of time. This week, we examine three pretty significant personal financial planning elements that you can do in no more than 15 minutes a week. I truly believe that dedicating JUST 15 minutes every week to your personal financial situation can vastly improve things f…
 
I'll be the first person to tell you it's okay to gamble a little bit in the markets, and it's okay to have a little fun with those gambling dollars. But know that it's not investing. One of the most expensive lessons in the markets is thinking you've somehow "beaten the system." The market humbles many participants, but you don't hear about it bec…
 
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