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Money for Life with Eric Roberge, CFP

Money for Life with Eric Roberge, CFP

著者： Eric Roberge CFP & Beyond Your Hammock
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 Money for Life helps high-earning professionals and executives in their 30s and 40s build wealth with intention and clarity. Hosted by Kali and Eric Roberge, CFP®, this podcast shares real-world strategies to reduce lifetime taxes, invest wisely, and make confident money decisions. Hear case studies, expert interviews, and practical Q&As that help you align your finances with the life you want—today and in the future.© Beyond Your Hammock LLC 個人ファイナンス 経済学
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  • 6 Guideposts to Increase Your Net Worth

    6 Guideposts to Increase Your Net Worth
    2025/10/06

    6 Guideposts to Increase Your Net Worth

    Think investment returns are the key to building wealth? Think again!

    In this episode, Eric and Kali share six powerful guideposts that, if followed, can generate the power you need to increase your net worth. No stock picking or secret investment strategies only the rich know required.

    Discover why your savings rate matters more than your investment returns, why time in the market beats timing the market, and how to build financial flexibility into your plan so you can adapt to whatever life throws your way.

    You'll also hear about practical strategies for managing variable income, avoiding lifestyle creep, and making sure your spending aligns with what truly matters to you.

    If you're ready to focus on what you can control and build wealth the reliable way, this episode is packed with actionable advice you can implement immediately.

    Key Takeaways

    1. Your savings rate matters more than your investment returns

    Focus on what you can control. Saving 25% of your income with modest 6% returns will outpace saving 10% even with exceptional (and totally unrealistic!) 14-15% returns. The math is clear: consistent savings beats hoping for outsized returns.

    2. Time in the market beats timing the market

    Stop trying to predict market peaks and valleys. Long-term participation in the market leads to successful outcomes far more reliably than attempting to jump in and out at the "right" moments. What looks obvious in hindsight is nearly impossible to predict in real time.

    3. Plan for the unexpected to happen

    Build buffer room into every aspect of your financial plan. Keep extra emergency reserves, use conservative assumptions for income growth and savings rates, and save aggressively when you can so you have flexibility later when life inevitably changes.

    4. Don't count on variable income for fixed expenses

    If you receive bonuses, commissions, or equity compensation, base your fixed expenses (mortgage, car payments, etc.) on your guaranteed income only. Use variable income as "icing on the cake" for savings and discretionary spending.

    5. You determine what actually matters

    Avoid keeping up with the Joneses or following someone else's definition of success. Test different spending categories to discover what truly brings you joy and aligns with your core values—whether that's family, wellness, learning, or something else entirely.

    6. The best plan adapts to change

    Financial planning isn't about accurately predicting the future—it's about creating flexibility to adapt to whatever unfolds. Build modular plans that can evolve as your values, goals, and circumstances change over time.

    Chapters:

    (00:00) Guideposts can help grow net worth

    (01:18) Your savings rate matters more than your investment returns

    (09:40) Time in the market beats timing the market

    (14:17) Plan for the unexpected to happen

    (25:24) Don't count on variable income for fixed expenses

    (32:57) You determine what actually matters

    (39:07) The best plan adapts to change

    Ready to create, use, and enjoy money for life? Request a complimentary consultation with us at BYH and discover how to optimize your investments, reduce your tax burden, and grow your wealth: https://beyondyourhammock.com/schedule
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    44 分
  • Financial Risk Worth Taking (and Risks You Should Avoid)

    Financial Risk Worth Taking (and Risks You Should Avoid)
    2025/09/22
    Is all risk bad? How can you tell how much risk you should take, or know when you’re not taking ENOUGH risk to earn the return you need? What’s more important, risk tolerance or risk capacity? With 2025's market volatility creating concern and worry for investors, we’re exploring why no investment worth making is without risk… and why trying to avoid all risk presents a danger to your ability to grow wealth. Discover the critical difference between risk tolerance (how comfortable you feel) and risk capacity (what you can actually afford to lose), and why this distinction changes everything about how you should invest. We also share real stories from our wealth management clients about concentration risk with company stock, the hidden dangers of keeping too much money in cash, and why the "safest" choice often isn't safe at all. In this episode, you’ll hear: Why avoiding one type of investment risk (market risk) creates another, potentially more dangerous one to content withThe difference between risk tolerance and risk capacity and why you have to evaluate both as part of a good investment management strategyHow to handle concentration risk if you receive equity compensationWays to reduce volatility and overall investment risk (without skipping out on the investment experience!)The concept of "lifestyle risk" and unforced errors How to calculate risk based on your specific goals and timeline Whether you're dealing with volatile markets, managing equity compensation, or simply trying to understand what level of risk makes sense for your situation, this episode provides a framework for making intentional decisions about where to place your risks—because the goal isn't to eliminate risk, but to manage it strategically. KEY TAKEAWAYS #1: No Such Thing as a Free Lunch If You’re Trying to Grow Wealth Risk and reward have a relationship. You cannot have one without the other.Avoiding market risk doesn't eliminate risk, it just creates another; cash will most likely lose purchasing power over time.The "safe" choice of avoiding the market can jeopardize big, long-term financial goals #2: Risk Tolerance and Risk Capacity Are Critical… and Two Different Things Risk tolerance = How comfortable you feel emotionally with market ups and downsRisk capacity = What you can actually afford to lose based on your timeline and goalsYour risk capacity often matters more than your risk tolerance for making sound financial decisionsYou may need to take more risk than feels comfortable, or you may not be able to afford the risks you feel emotionally okay accepting #3: Time Horizon is a Great All-Purpose Risk Management Tool There has never been a 15-year rolling period when the U.S. stock market was downThe longer your investment timeline, the less risk you have of losing moneyShort-term volatility often becomes irrelevant when you're investing for 10+ yearsWarren Buffett made 99% of his wealth after age 60; wealth-building power is found in the long tail of compounding returns #4: Manage Concentration Risk Strategically Don't keep all your wealth tied up in your employer's stock, even if you believe in the companyYour paycheck already depends on your company's success; being overweight in company stock commits even more of your personal finances and net worth potential to a single company who also happens to employ youConsider a rules-base, repeatable, simple strategy for managing your equity comp to steadily build wealth without opening yourself up to more volatility than necessaryYou're not "missing out" if you sell and reinvest! You're locking in gains along the way #5: Your Biggest Risk as You Build Wealth May Come from Unforced Errors A risk you didn’t have to take can be the undoing of years, even decades, of hard work in saving and investingCalculate the impact of realizing a risk and ask, can you truly afford to see that downside potential? Can you actually recover from the potential loss, and how far back would it set you? #6: Your Risk Strategy May Need to Evolve with Your Life Risk tolerance and capacity change as your life circumstances change (marriage, kids, aging parents); what made sense when you were single may not work when you have dependentsRegularly reassess your risk strategy as your goals and priorities shift, and know it's okay to become more conservative as you have more to protect #7: Know What “Enough” Looks Like For goals you MUST realize, prioritize probability of success over maximum returnsReverse engineer your investment strategy from your actual needs, not from the vast realm of what’s possible but not probableKnow what "enough" looks like so you can make informed trade-offs Ready to create, use, and enjoy money for life? Request a complimentary consultation with us at BYH and discover how to optimize your investments, reduce your tax burden, and grow your wealth: https://beyondyourhammock.com/schedule
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    34 分
  • Want Money for Life? Start Here

    Want Money for Life? Start Here
    2025/09/08

    Looking for Beyond Finances? You're in the right place! Beyond Finances is now Money For Life, hosted by Eric Roberge, CFP and Kali Roberge. We’re back and focused on sharing our philosophy, action plans, and professional expertise on the financial planning strategies that help us, our clients, and now you, to create wealth that lasts a lifetime.

    In this episode we discuss why (and how) we focus on building financial planning strategies designed to create money for life, and share why it’s so important to approach money management in a way that allows you to enjoy life in the present – while still planning responsibly for the future.

    We dig into:

    • How to align financial decisions with personal values
    • Why optimizing for financial flexibility is such a game-changer
    • Where most people fail with their plans (spoiler alert: it’s lack of risk management)

    Tune in for actionable strategies for saving and making informed financial decisions so you can start your journey to a more fulfilling financial life.

    Takeaways:

    • The best financial decisions consider both present enjoyment and future security
    • Aligning how you use your money with what matters most – your core values – is a key component to feeling satisfied with your finances
    • Flexibility in financial planning creates more freedom of choice, as well as a stronger ability to pivot and adapt as life changes and evolves
    • Setting the right savings rate target is critical to creating money for life
    • Risk management goes beyond investments to include understanding the opportunity costs of everyday decisions
    • Wealth is more than just money; it's about living a fulfilling life. You can use your money as a tool to do just that if you have the right strategies in place.

    Ready to create, use, and enjoy money for life? Request a complimentary consultation with us at BYH and discover how to optimize your investments, reduce your tax burden, and grow your wealth: https://beyondyourhammock.com/schedule
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    31 分
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