In this episode of CFO at Home, Vince delves into the fascinating world of behavioral finance, particularly focusing on the concept of The 7 Money Personalities as introduced by Ken Honda in his book "Happy Money." Vince explains how understanding our own and our partner's money personalities can significantly improve financial decision-making and communication within relationships. He breaks down the seven distinct personalities: the Money Maker, the Worrier, the Compulsive Spender, the Compulsive Saver, the Indifferent to Money, the Generous Giver, and the Financial Avoider. Listeners will learn how these personalities can complement each other and foster unity, trust, and transparency in financial discussions. Additionally, Vince highlights the different emotional needs men and women have regarding money, emphasizing the importance of mutual understanding and open communication for couples to thrive financially together.

Key Topics:

• Exploring The 7 Money Personalities and their impact on financial behavior

• How understanding money personalities promotes unity and peace in relationships

• The importance of trust and transparency in financial discussions

• Balancing different financial tendencies for a harmonious partnership

• Recognizing and respecting emotional needs related to money in men and women

• Strategies for effective communication and goal-setting in financial planning

Key Links:

• Happy Money: The Japanese Art of Making Peace with Your Money

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

On this episode of CFO at Home, Vince continues his discussion with Mel Stubbs, author of "Your FERS Federal Retirement: The 10 Decisions that Will Make or Break Your Retirement." Their focus shifts to the critical Social Security decision, exploring how to maximize benefits while considering the implications for beneficiaries. Mel breaks down the complexities of when to take Social Security, the impact of life expectancy, and the importance of strategic planning. They also discuss long-term care decisions, evaluating self-insurance versus insurance policies, and the significance of working with an advisor to navigate these crucial choices. For more insights, visit christycapital.com.

Key Topics:

• Understanding the optimal age to start taking Social Security benefits

• Evaluating the trade-offs of postponing benefits for higher payouts

• The implications of Social Security on beneficiaries

• Exploring long-term care options: self-insurance vs. insurance policies

• The importance of working with a financial advisor for retirement planning

• Strategies for transitioning to retirement and finding purpose

Key Links:

• Christy Capital

• Your FERS Federal Retirement: The 10 Decisions that Will Make or Break Your Retirement

• Christy Capital Management - YouTube

• Mel Stubbs - LinkedIn

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

On the next 2 episodes of CFO at Home, Vince’s guest is Mel Stubbs, author of "Your FERS Federal Retirement: The 10 Decisions that Will Make or Break Your Retirement," to discuss key decisions that can shape our retirements. In this episode, Mel and Vince focus on 4 of the 8 decisions that many of us will face, regardless of whether we’re federal employees or not; when to retire, what to do with company offered life insurance, what to do with our retirement accounts, and the tax planning decision. To learn more about Mel and his book, go to christycapital.com

Key Topics:

• Determining the right time to retire based on financial readiness

• Evaluating company-offered life insurance options

• Understanding the benefits and rules surrounding 401(k) and TSP accounts

• Tax planning strategies for retirement savings

• The role of Social Security and pensions in retirement planning

• How to effectively manage retirement income to avoid tax pitfalls

Key Links:

• Christy Capital

• Your FERS Federal Retirement: The 10 Decisions that Will Make or Break Your Retirement

• Christy Capital Management - YouTube

• Mel Stubbs - LinkedIn

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

This episode of CFO at Home is Part 2 of Vince’s conversation with Certified Financial Planner Filip Telibassa. This time, Filip and Vince tackle the topic of investment fees; the significant impact that fees can have on long-term investment returns, and the importance of understanding the different fee structures associated with financial advice. They also discuss the trend of lower-cost investment options like ETFs and index funds. For more from Filip, visit his website BenzinaWealth.com

Key Topics:

• Understanding the impact of investment fees on long-term returns

• The difference between fee-only and fee-based financial advisors

• The advantages of a flat fee structure over asset under management fees

• The importance of unbiased fund selection for clients

• Trends in investment options: ETFs and index funds

• How to evaluate financial advisors and their fee structures

Key Links:

• Benzina Wealth

• https://www.linkedin.com/in/filiptelibasa/

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

On this episode of CFO at Home, Vince sits down with Pav Lertjitbanjong, a career and financial resilience expert, and self-made millionaire, to discuss the critical topic of preparing for layoffs and career setbacks. Pav shares her personal journey of overcoming significant financial challenges, including a life-changing divorce that led her to discover the importance of financial literacy and resilience. They discuss practical strategies for financial preparedness, including the creation of an "FU Fund" to cushion against unexpected job loss, the importance of diversifying income streams, and the power of building a personal brand. To learn more about Pav and get more of her tips on navigating layoffs and career changes, check out mycoachpav.com

Key Topics:

• The importance of financial preparedness for unexpected layoffs

• Creating an "FU Fund" for financial security

• Diversifying income streams to enhance financial stability

• Building a personal brand to increase job marketability

• Recognizing warning signs of potential layoffs

• The role of mindfulness and resilience in overcoming setbacks

Key Links

• https://www.mycoachpav.com/

• https://www.mycoachpav.com/pav-ai

• Moments of Reset (@momentsofreset) | TikTok

• https://www.linkedin.com/in/mycoachpav/

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

This episode of CFO at Home is Part 1 of Vince’s conversation with Certified Financial Planner Filip Telibassa. In this part of our conversation Filip and Vince explore the concept of reverse budgeting. Filip explains how reverse budgeting flips traditional budgeting on its head by prioritizing savings and financial goals before addressing fixed expenses. He also shares insights on how this method can alleviate the feelings of deprivation often associated with budgeting, making it easier for clients to plan for their goals. Filip and Vince also discuss the importance of aligning financial goals with core values, and the dynamic nature of reverse budgeting, including how to assess its effectiveness over time. To learn more about Filip, visit his website BenzinaWealth.com

Key Topics:

• Understanding reverse budgeting and its benefits

• The emotional impact of traditional budgeting vs. reverse budgeting

• How to set financial goals based on core values

• Managing cash flow and assessing the success of reverse budgeting

• The role of budgeting apps in financial tracking

• Using reverse budgeting for debt elimination strategies

Key Links:

• Benzina Wealth

• Reverse Budgeting: A strategy to spend more, without guilt

• https://www.linkedin.com/in/filiptelibasa/

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

On this episode of CFO at Home, Vince’s guest is Derrick Kinney, a successful entrepreneur who achieved millionaire status by age 37. Derrick shares his inspiring journey of going from a lower middle class background to financial success, emphasizing the importance of mindset and how it can shape one's financial destiny. Derrick and Vince discuss the significance of problem-solving in any career, the crucial steps to managing money effectively, and Derrick’s five-step framework, the Millionaire Money Map, designed to help individuals escape the middle class and achieve true financial freedom. For more of Derrick’s wisdom, check out DerrickKinney.com and his Good Money Podcast.

Key Topics:

• The journey from lower middle class to millionaire

• The entrepreneurial mindset and its importance in any career

• Understanding and managing money effectively

• The Millionaire Money Map: five steps to financial freedom

• The impact of mindset on financial success

• How to create a giving strategy that aligns with your goals

Key Links:

DerrickKinney.com

Good Money Revolution

Good Money Podcast

Derrick Kinney - LinkedIn

Derrick Kinney - Instagram

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

This episode of CFO at Home is Part 2 of VInce’s conversation with Jonathan Blau, Founder and Chief Executive Officer of Fusion Family Wealth, a Long Island-based, fee-only, registered investment advisory firm. Jonathan and Vince discuss the misconceptions surrounding risk and volatility, how our fears can lead us to make poor financial decisions, the importance of understanding purchasing power and the long-term nature of investing and dive into three common behavioral mistakes that investors often make. To l earn more about Jonathan, go to fusionfamilywealth.com, or check out his podcast, Crazy Wealthy Podcast.

Key Topics:

• Understanding risk and volatility in investing

• The impact of inflation on purchasing power

• Common behavioral mistakes investors make

• The importance of disciplined investing for long-term goals

• Overcoming psychological barriers to investing

Key Links

• Fusion Family Wealth

• Crazy Wealthy Podcast

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500