About This Show
Take control of your finances and embrace life without worrying about money.
Wealth building is simple, if you’re doing it right. But in today’s world, it’s easy to get overwhelmed by everything competing for your time and attention. The goal of this podcast is to help you craft a simple plan that truly fits your situation and allows you to achieve financial freedom.
What does financial freedom mean? In IRC Wealth CEO David Ragland's best-selling book Wealth Made Simple (yes, really), he defines financial freedom as no longer having to worry about money. Having true freedom means you are in control of your finances and making your own decisions.
The result: financial security, peace of mind, and the confidence to embrace life and the future with optimism.
We lead by example, following the same investment strategies and principles that we advise others. Behind every financial plan are our four principles:
1) Eliminate debt by creating a system for paying off credit cards and other liabilities
2) Increase savings through retirement plans and a diversified portfolio
3) Reduce risk through life choices and by preparing for the unexpected
4) Build a cash safety net so you’re prepared for unforeseen situations
Achieving your goals, from early retirement to selling a business
Everyone’s situation is different; what it takes for you to be financially independent is unique to you. You work hard, you’ve done well and you’re motivated to reach your goals, whether it’s early retirement or selling your business. We want to help you define what it means to be financially independent and help you get there.
Most Recent Episode
IRC WealthCast 049: Financial Security for Women through Financial Literacy
In this episode, Joe and Dr. Mary Gresham, one of the few clinical psychologists in the U.S. to specialize in financial psychology, discuss the importance of women becoming more financially literate so they can build financial security and freedom.
Financial literacy can be the unicorn when it comes to truly achieving your financial goals. And, for women, the challenges of capturing this elusive animal and achieving financial freedom are even greater.
Why? Because many women in the U.S. must also deal with:
Gender roles: Because women are expected to take care of the children, the ‘Mommy Track’ can be hard to shake. As a result, a woman’s ambitions may be ignored because of the perceptions that mothers aren’t as serious about real career growth as their male counterparts.
Elder care: Women are expected to take care of aging parents and relatives, which may also hamper their earnings.
Lifespan: Women are now living well into their early ’90s which, when combined with the other challenges in earning, can pose serious stress.
The wage gap: The 23% between what men earn when compared to women is still another hurdle. Even within the highest paying, most educated careers, women suffer as much as a 15% gap in income levels.
Becoming financially literate doesn’t have to be a chore
The U.S. culture of being self-sufficient or “pulling yourself up by your bootstraps” can hamstring everyone. We may be the premier capitalist center of the world, but we provide very little education around money. Sometimes it seems that the only time we are able to talk about money is when we are having an argument about it! However, while asking for help is particularly challenging for men, women are usually more receptive to it. This includes the subject of financial literacy.
Especially when becoming financially literate involves experiences and games. One approach that Dr. Greshem explains leverages relevant moments in an individual’s life to help them better connect emotionally with a particular financial subject. She also discusses how playing a stock market game is still a great way to create interest in building wealth and she introduces another approach known as the Money Circle.
Building financial freedom and wellness
Most women see money as a relational thing, connected to the values, ideas, and states of being they hold closest. Because a woman wants to take care of herself and also support meaningful projects or causes, she need to be candid wit