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Join Nestor Vargas, certified financial planner and host of the Green Cards to Greenbacks podcast, as he explores the ultimate retirement investing dilemma: value investing versus growth investing. Discover the key differences between these strategies and why a mix of both may be the best approach for a secure retirement.  In this episode, you will be able to: Uncover how to prevent subpar asset performance during retirement by understanding common pitfalls. Discover the unique advantages of value and growth investing for secure retirement portfolios. Determine the need for equilibrium when it comes to retirement investment decisions. Acquire skills to construct portfolios that maximize rewards and reduce risks for retirees. Cultivate resilient retirement experiences by concentrating on dependable ballast investments. Investors can have a more stable experience in getting those market-like returns. The resources mentioned in this episode are: Value vs. Growth investing chart.  The sequence of return risk in retirement. Send any questions or topics you want Nestor to talk about to Nestor@greencardstogreenbacks.com. Visit Greencardstogreenbacks.com for show notes and links to resources discussed in the podcast. Aim to construct portfolios that capture more of the upside than the downside by creating the right mix of growth, value, and dividend-paying stocks. Don't solely focus on investments' performance when choosing investments for retirement. Ensure you have a properly built retirement portfolio and an easy-to-understand income guardrail plan to reduce the risk of running out of money in retirement. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

Are you following the age-old rule of becoming more conservative with your investments as you get older? What if there's a different approach that defies the norm? Join Nestor Vargas, a certified financial planner, as he challenges traditional investing principles and introduces a strategy that empowers you to pave your own path, regardless of age. But beware, it may cost you millions if you don't listen carefully. Will you take charge of your financial destiny and maximize your experiences during retirement? Or will you risk outliving your money? Find out in this episode of Green Cards to Greenbacks podcast. In this episode, you will be able to: Uncover groundbreaking investment principles for retirees. Grasp the effectiveness of the War Chest strategy in risk reduction. Enhance your retirement living while ensuring financial longevity. Adapt investment techniques to suit your unique portfolio demands. Imagine building a financial fortress, a war chest, if you will, that empowers you to weather any storm that comes your way. The resources mentioned in this episode are: Reach out to Nestor Vargas for further retirement investment strategy discussions and questions at Nestor@greencardstogreenbacks.com. Visit the Greencardstogreenbacks.com website for show notes and links to any resources discussed in the episode. Consider using the War Chest methodology to maximize growth and minimize risk in your retirement portfolio. Understand your specific portfolio needs to come up with your own stock to bond ratio or asset allocation, instead of relying on outdated rules of thumb. Don't be too conservative with your portfolio, as the true risk in retirement is not maximizing experiences or outliving your money due to lack of growth. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

What happens when your retirement security is threatened by unexpected events like bank failures or government shutdowns? Join Nestor Vargas, your Latino moneyman, as he discusses the impact on retirement life and shares a strategy to manage risk. But as he reminds us, the market has been resilient before, so what's the worst that could happen? Find out on the Green Cards to Greenbacks podcast, sponsored by Green Mountain Planning. But will Nestor's advice be enough to weather the storm? In this episode, you will be able to: Navigate the murky waters of unexpected events in retirement, such as recessions and market downturns. Better understand how bank failures and government shutdowns have impacted portfolios in the past.  Comprehend the debt ceiling issue's potential impact on the US economy. Understand how a "war chest" can provide better financial stability during retirement. Stop acting surprised when the stock market drops in value. That's just part of the deal. The resources mentioned in this episode are: Visit the Show Notes at GreencardsToGreenbacks.com to access the chart discussed in the episode. Consider having a war chest in your portfolio with two to three years worth of expenses in more stable investments than the stock market. Determine your bottom guardrail to manage the risk of overspending during times of crisis or regular markets. Contact Nestor Vargas or Green Mountain Planning for further discussion and assistance with your retirement plan needs. Stay calm and don't act surprised when the stock market drops in value.  ConclusionFinancial crises and market downturns have been a part of the economic landscape for as long as markets have existed. While they can be disconcerting, history shows that the market has mostly been resilient, recovering and growing after such events. It's crucial for retirees to develop strategies that allow them to manage risk and maintain financial stability even during turbulent times. Nestor Vargas advises retirees to be prepared for drops in the stock market, emphasizing the value of having a fully funded war chest and a clear understanding of their income and guardrails. With these in place, retirees can better navigate the uncertainties of the economy, safeguarding their financial well-being and enjoying a more secure retirement. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

Are you tired of feeling uncertain about your retirement and worried about the costs of long-term care? Have you been told that simply saving enough money will be enough to cover these expenses? If so, you're not alone. But here's the truth: relying solely on your savings may prove to be disastrous for your retirement plan. It's time to take control and learn about effective long-term care planning strategies that will provide both financial and emotional preparedness. Join us in this episode and discover the myths to debunk, the costs to evaluate, and the insurance options to consider - all with the guidance of experienced professionals. In this episode, you will be able to: Appreciate the vital role of long-term care planning in a comprehensive retirement strategy. Investigate the array of long-term care costs and the multitude of coverage choices. Recognize the essence of customized financial planning and collaborating with a proficient financial advisor. Demystify popular fallacies around long-term care. Acquire knowledge on the best long-term care insurance options discussed by seasoned long-term care insurance professionals. Planning for long term care is an important part of a complete retirement plan. The resources mentioned in this episode are: Visit Gentworth.com and click on the Cost of Care button at the bottom of the page to get an idea of real pricing for long-term care in your area. Work with an independent insurance agent to find the long-term care insurance policy that's right for you. Consider getting a tax qualified long-term care insurance policy with an inflation protection rider and a shared care writer. Use a reverse mortgage calculator to determine if this option is right for you. If you have less than a million dollars in liquid net worth, strongly consider getting some type of long-term care policy. Consult a financial advisor who is familiar with your specific circumstances before making any financial decisions. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

In this episode of Green Cards to Greenbacks, Nestor explores the power of Monte Carlo simulations and reveals the most effective and accurate approach to retirement planning, calling out a troubling error in the commonly-used method. In this episode, you will be able to: Uncover the essential role Monte Carlo simulations play in crafting a secure retirement plan. Evaluate the merits of traditional forecasting models against cutting-edge alternative methods. Grasp the significance of utilizing well-calibrated financial planning techniques for long-term success. Discover the advantages of working alongside independent financial advisors for tailored advice. Learn the importance of regularly updating income plans for greater accuracy and financial security.  No forecasting model is perfect, but some models are materially better than others. The resources mentioned in this episode are: Consider using Monte Carlo simulations in your retirement planning process to estimate the probability of different outcomes and make informed decisions. Research and compare different types of Monte Carlo simulations, such as traditional Monte Carlo, reduced capital market assumption Monte Carlo, historical analysis, and regime-based Monte Carlo, to find the best approach for your situation. Consult with an independent financial advisor who can provide personalized advice and help you understand the most appropriate Monte Carlo model for your retirement planning needs. Regularly update your income plan to account for changes in your financial situation and ensure that your retirement strategy remains on track. Monitor the performance of your chosen Monte Carlo model over time, and adjust your retirement plan as needed based on the model's accuracy and real-world outcomes. If using an online calculator or working with a financial advisor, inquire about the type of Monte Carlo model being used in your projections to ensure the most accurate and reliable results. Stay informed about the latest research and developments in Monte Carlo simulations and retirement planning to make educated decisions and maximize your chances of a successful retirement. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

Here is a quick update on where the podcast is heading and what I have been up to. Spoiler alert, this podcast will become a podcast focused on retirement planning topics.  🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

After years of practicing law but not feeling fulfilled, Jen Ruiz found a creative outlet in travel writing, leading to an unexpected full-time career. "When I was sitting in my office, I guess a cozy enough office, but just surrounded by degrees and doing the same kind of thing, I didn't really feel invigorated by the perfection. And even in my worst moments of traveling, when everything's gone wrong, I still never regretted a trip. I was still there, happy that I had taken that initiative, that step that I've seen something new. I knew I never regretted those memories." Jen Ruiz is a travel writer and influencer with over 250,000 followers on TikTok. She has made a successful career transition from practicing law to becoming a full-time travel writer and content creator. Jen Ruiz had been a lawyer for five years, but was looking for a creative outlet. She started a blog, became a travel writer, and got her first assignment when one of her articles went viral. The assignment opened the door to comped travel, self-publishing, and monetizing her own website. Jen's enthusiasm for travel inspired her to make it her career, and she learned how to monetize her writing and content creation skills. She hustled hard, sending a high number of pitches, meeting editors and PR reps, and creating content. In the end, her hard work paid off, proving that there is no magic button to success. In this episode, you will learn the following: 1. How to transition from practicing law to being a full-time travel writer and content creator. 2. Strategies to monetize writing and content creation skills. 3. Tips and advice for attending travel conferences and applying for press trips. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

In episode 24, we discuss ways undocumented Latinos can invest and creates business in the United States.  Maribel, a first gen Latina who grew up in an undocumented household in the United States, strives to build financial security for herself and her community through investment and financial literacy, despite the seemingly impossible challenge of doing so without a Social Security number. "No matter your immigration status, you can become a millionaire and retire comfortably with the right financial knowledge and resources." Maribel is the creator and founder of Our Wealth Matters, a social platform dedicated to educating the immigrant community in the US about personal finance. She has a background in being an income tax preparer and works to provide resources to undocumented people. Maribel was born in the United States, but her parents were undocumented immigrants. After learning about personal finance and the financial independence movement, Maribel realized there were ways to become financially independent even without a Social Security number. She researched and found companies that would accept an ITIN and began to share her knowledge with the immigrant community to help them achieve financial success. Maribel was driven by her own traumatic experience of living in the streets with her mother after her father was deported. She wanted to help other immigrants achieve financial stability and avoid similar situations. She opened a bank account and invested in the stock market, and now she helps others do the same. In this episode, you will learn the following: 1. How can an undocumented immigrant in the US partake in personal finance and wealth-building opportunities?2. What is an ITIN, and how does it enable financial opportunities?3. How can an undocumented immigrant legally earn money in the US? 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

In episode 23 we demystify the complexities of a tax return with Sonia Castelan "Without those necessities I needed, I wouldn't be here right now. I wouldn't be here, you guys. I wouldn't be here having to speak about taxes."  Sonia Castelan is a first-gen Latinx tax professional with over 8 years of corporate experience. She helps the Latinx community gain financial confidence and minimize their taxes by incorporating tax strategies to keep more money in their pockets and expand their financial portfolio. Sonya Castelan was in a difficult financial situation and was determined to take back control of her finances. She self-taught herself how to budget and started building her own sinking funds to reach her financial goals. She then came across an opportunity to become a licensed tax professional, and her knowledge of data analytics helped her transition into this role. By teaching others how to become financially successful and utilizing the same tax strategies as the wealthy, she was able to help the BIPOC community to minimize their taxes and build their financial portfolio. In this episode, you will learn the following: 1) We will use a sample tax return to break down the different areas you should be familiar with and understand.2) We will cover how profits from a business flow through to your personal return.3) We will also cover some common missed opportunities so you can save money in the future. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

In this episode of The Green Cards To Greenbacks podcast, Nestor Vargas, the Latino Money Man and certified financial planner, takes listeners on a journey to uncover investment strategies and techniques to reduce their tax bill, improve their portfolio, and ultimately, make those greenbacks.Here's what I cover:1. Uncovering strategies to reduce your tax bill while investing.2. Leveraging capital loss harvesting and capital gain harvesting to maximize your portfolio.3. Exploring tax distribution management to minimize taxes. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

Are you looking for ways to ensure your family will be taken care of in the future? Estate planning is critical to ensuring your family’s future is secure. Taking the time to plan ahead can provide peace of mind and help ensure your wishes are honored after you’re gone. It doesn’t have to be a complicated process either; with the right guidance, you can ensure your loved ones are provided for in the best way possible. Here's what I cover:1. What steps can you take to improve your estate planning approach without an actual estate plan?2. What is a trust, and why is it important for everyone, not just the wealthy?3. How can you implement estate planning strategies, such as setting up a trust and assigning beneficiaries, to protect your family? 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

A novice investor's journey to financial freedom begins as they discover the power of the stock market, but must first navigate the risks, fees, and complexities in order to build a successful and secure investment portfolio.Here's what I cover:1. Types of investments. 2. Is volatility the true risk when investing?3. What are the common investment types, costs, and considerations? 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

In this episode, an experienced financial planner reveals the hidden pitfalls of engaging with the wrong wealth advisor, empowering listeners to make an educated and confident choice in selecting the individual that will help them create and manage their wealth.Here's what I cover:1. What do you need to know when choosing a financial planner or wealth advisor?2. What are the differences between fee-only and commission-based compensation models?3. What is the importance of understanding a financial advisor's investment style and fiduciary status? 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

When Jannese Torres, a proud Puerto Rican Latina, rebels against the traditional "American Dream" path and instead follows her entrepreneurial dreams, she discovers the power of creating something from her own mind and the energy of financial freedom."You have to give yourself that permission. You got to live your life, you got to live your dreams. And whoever's going to be there to accommodate and support them, those are the people that you want to keep around. And if your job is not one of those entities, then that probably tells you something about what you should be doing when it comes to planning to be there long term."Jannese Torres is a Latina, Puerto Rican entrepreneur and financial literacy expert. She has built an incredible business that earned over a million dollars in revenue in 2022 and has been building online content-based businesses for the past 10 years.Jannese Torres was used to following the American Dream of going to school, getting a degree, and getting a corporate job, but she found it unfulfilling. So, as an act of rebellion, she started a food blog, and through that found her spark of creativity and making money. For the past 10 years, she has been building all types of online content-based businesses and eventually quit her job in 2021. She encourages others to start digital entrepreneurship as the cost to entry is low and to save money to give themselves a launch fund for their business. Jannese is now using her platform to promote financial literacy for the Latinx community.In this episode, you will learn the following:1. How to turn your side hustle into a full-time business2. How to make money online without taking out debt3. How to create intentional social media content that converts 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

In this week's episode, we're going to talk about 2 ways to achieve financial freedom faster and the difference between net worth and self-worth statements.Join the Latinx community at https://www.instagram.com/latinomoneyman/Sign up for the newsletter to receive valuable tips: https://latinomoneyman.com/newsletter-sign-up/2 keys for getting closer to financial freedom:Make sure your passive income is higher than our expenses.Generate more income, and get a better-paying job life.Net Worth and Self-Worth Statement:A net-worth statement is a financial snapshot that shows your financial wealth at a given point in time. It provides a useful summary of your financial affairs. How is this calculated? Your net worth is the difference between your assets, and what you owe, minus your debt.What is an asset? According to Robert Kiyosaki, an asset is something that generates passive income for you right now. **By the way, you can create your own net worth statement by going to https://greencardstogreenbacks.com/ archives in the upper writing corner.**Download an Excel spreadsheet.Sign up for my financial planning portal Complimentary. Let’s talk retirement:Will your retirement account provide income for you to stop working at the age you want to?I'm gonna unpack that for you. In most retirement accounts, traditional retirement accounts will not let you take money out of the account until you're 59 and a half without any penalties, and most 401k plans will not let you take money out if you're still working for that company. Are you maximizing the growth in this account? We as investors need to stop looking at the temporary decrease in the values of our accounts and we need to shift our mindset and look at that as an actual opportunity cost.Let's talk about cash:We start with our investment and retirement accounts, then we get to cash. How will I use this cash to generate passive?You can start by having an asset that generates a pseudo-passive income.Resources:Download an Excel spreadsheet.Sign up for my financial planning portal Complimentary. #immigrants #finance #latinx #hispanic #wealthmanagement #latinosinfinance #estateplanning  #retirementplanning #generationalwealth #personalfinance #passiveincome #wealthbuilding #budgeting #debtfreecommunity #financialfreedom #selfworthstatement #networthstatement 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

About Rebecca: Coach Rebecca is really passionate about pursuing the truth. She's committed to activating courage and uninspired experience. She's a mom of four. Happy, successful, growth-minded human. She strives for strong-minded goal focused, intelligent clients. Invest in your health: Whenever I think about finances, I think about proof that if you put a little bit from your paycheck every week, what happens is it compounds and grows. So to me, I think the first thing I wanna point out is the relationship between financial wealth and physical wealth in terms of that compounding effect. So when we can start investing in our health today, it makes our tomorrow better. And if we can put aside a little bit of time, a little bit of effort goes a long way. Stress Management: What are the strategies that you use with your clients to manage stress?  One, I always think about movement because stress is really like a stuck place. Two is to find some grounding and breathing habits. So you can find a whole bunch of these on YouTube.  Also, I would say finding an accountability partner. It could be a friend, but also a coach. I think a coach can really take you to the next level and make you the thing that you want to accomplish. What things can we do to keep our bodies healthy:  Number one is finding a form of exercise that makes you happy. Number two, start to incorporate some kind of weight-bearing exercises. Number three, the relationships that you have.  Things to look for when hiring a health coach: We should look for confidence and trust, in someone who listens to us, that asks a lot of questions before prescribing something Contact Rebecca: https://www.thefittestme.net/ https://www.thefittestme.net/personal-training-1 https://rebecca-boskovic.mykajabi.com/c4r-consistency-for-results 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

 Hello everyone. Welcome back to the 2nd season of Green Cards to Greenbacks Podcast. I am your host Nest Vargas and today we’re speaking with Harry Lopez, a business coach that has helped numerous Latinos launch their business in a successful way. Today we’re going to be talking about goal-setting mind hacks for 2023… so stay tuned! What separates successful people from unsuccess? Unsuccessful people plan backward and don’t set realistic goals. Successful people are audacious and ambitious, but also have a planning system. Successful people track their systems so they’re open to change and take action. How important is Identity in meeting your goals? It’s important to embody the identity piece of whatever it is that you desire to be now, not waiting until you arrive at the goal, but arriving at that mindset. Really visualize, slow down, and take in. Who is that person? What is he like? How is he operating in the world? What is the vibration, his vision for the world? How does he walk into the room? How is he feeling? How do people experience him?  The embodiment work is so powerful and what the world needs now more than ever before are embodied leaders. Psychological flexibility to meeting a goal Your future self knows what you need to do. You just need to sit, talk to your future self, and hear. Also, it’s key to journal every day and takes the time to think about how did this week go? What worked? What didn't work? Ideas for Goal Setting Know your goal-setting framework. Start with your annual goals, then your quarterly goals, then monthly goals, your weekly goals, and your daily goals. Go granular and set aside the time in this space to really do this.  In addition, have your weekly well-being checklist where you check in with yourself on how you're doing in your ways of being, and your mindset. My personal routine for success I'm gonna kind of walk you guys through my routine. It takes no more than 10 minutes a day for this routine who has been powerful. In the morning, I start with gratitude. Before I even look at my phone, before I look at anything. I think about what I'm grateful for now, but I also think about what I'm grateful for as if I've already accomplished what I want to do. Then, I write down my main 3 priorities for the day.  During the day I think, what is the one thing that I have to do that I really don't want to do? And that’s the first thing that I get done.  I write down all the things that I can delegate. Remember the Richer Cox rule: 20% of the activity, actually equals 80% of the results.  Wrap up The reality is that your identity goes beyond the conditioning, beyond the stories, beyond the hurt of the trauma. Contact Harry https://www.harrylouislopez.com/launchlatinx 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

As a teenager in Mexico with only $200 in his pocket, Horacio Peña's stepped onto a bus to the U.S.. Through grit and perseverance, he later became the youngest partner ever at PricewaterhouseCoopers (PcW), one of the world's leading consulting and accounting firms. He's now an internationally renowned transfer pricing expert, a top economic advisor to some of the world's largest and fastest-growing multinational companies, and a tax principal and senior economist based in New York City, the headquarter of PcW.   The Dream of Becoming an Economist After immigrating to the United States, Horacio attended Stony Brook University in New York, where he triple-majored in economics, political science, and history. He completed his undergraduate degree in only three years. He then attended Yale University for his graduate degree at the Yale Graduate School of Arts and Sciences. Living His Dream After graduating from Yale, Horacio accepted a job in Washington DC to work as an economist for a big consulting firm focusing on innovation. He worked with many international agencies to privatize industries in countries like Estonia and Lithuanian Slovenia. Many years of being a trusted advisor and innovation and digitization leader gave Horacio the experience he needed to move to New York and start his consulting group, where he’s helped numerous companies learn to successfully do international business worldwide. The CID Theory Horacio follows what he calls his CID Theory, meaning Consumption, Investment, and Distractions: Declare your life and decide what's going to make you successful, unique, and happy Be conscious about what's distracting you, being brutally honest with yourself Get a mentoring coach to help you develop your vision Focus on formulating and executing the plan Stay open to future change in the next reinvention Horacio’s Lessons to Live By You must be willing to go through the next thing, like the pandemic, to the next transition. No one knows what the next curve ball will be, so we must be ready to pivot and reinvent ourselves all over again. 1) Don't believe everything you hear 2) Don't be afraid to challenge the rules that sometimes have been made to exclude you 3) Don't get tied up in the parade. Take time to look at your life in a global manner 4) You have to be a master at your trait before you can innovate 5) It’s all about grit. At the end of the day, grit is a far more explanatory power than success than intellect, discipline, emotional intelligence, IQ, or training Resources: Angela Duckworth - Grit: The Power of Passion and Perseverance 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

En el episodio de esta semana haremos un resumen en español de los últimos episodios que publicamos en inglés. Hablamos con Oscar García, Jen Hemphill e hicimos un episodio especial sobre la situación actual del mercado. ¡Espero que les guste! 1er Episodio: Oscar Garcia - Las 5 preguntas que todo latinx debe hacerse para construir su marca personal. Oscar García es una persona mexicana, y le pregunté ¿Cuál es la cosa que tu has identificado que nos frena a nosotros como latinos que nos frena para seguir para adelante a subir en las carreras de nosotros? A lo que él respondió “el aguante”. Ese aguante nos ayuda, pero también no nos ayuda. Nos frena porque cuando llegamos a un país como Estados Unidos, lo que pensamos inmediatamente es que tenemos que seguir con ese aguante y que tenemos que estar muy felices y agradecidos de estar en este país y de tener un trabajo y de tener un techo, tener un carro, pero ese es un pensamiento que nos frena. Claro que hay que ser agradecidos por la oportunidad que tenemos, pero también tenemos que saber que ya estamos acá y que tenemos que seguir para adelante. 5 preguntas que uno tiene que responder para poder crecer su marca personal:  ¿Por qué hacemos lo que hacemos? ¿Cuáles son nuestros valores? ¿Cuál es la visión en nuestra carrera, en nuestra vida?  ¿A dónde queremos ir? ¿Por qué queremos ir allá?  ¿Cuál es la imagen que queremos dar? 2do Episodio: Jen Hemphill - Cómo presupuestar para una vida latinx financieramente más sana Jen Hemphill es colombiana y se especializa en ayudar a gente con cuestiones de finanzas personales y en presupuestos. Ella lo primero que dice es que tienes que entender, si estás casado o casada, a la persona con que estás casada. No tienes que entender las deudas que ellos tengan o cuánto gastan, sino tratar de entender por qué esa persona gasta. La segunda, ¿Cuáles fueron las cosas que funcionaron? Qué si funcionó y qué no funcionó. Y lo más importante, la disciplina.  Podemos llevar el registro de nuestros gastos en una app o con lápiz y papel. Finalmente hjablamos de la importancia de tener a alguien que nos ayude a seguir para adelante. Que nos ayude a tener responsabilidad y que nos acuerde de la disciplina. Puede ser un amigo o un asesor financiero que se especialice.  3er episodio: Nestor Vargas - Cómo beneficiarnos cuando el mercado está bajo En el tercer episodio yo comencé a hablar de cómo es que podemos utilizar o pensar este mercado financiero del mercado de acciones que está bajo. Hay un truco mental que yo le digo a mis clientes con 12 años de asesorar gente y es, ¿Cómo te sientes regalando tus riquezas a otra persona? Porque eso lo que vas a hacer cuando comienzas a vender las inversiones en un mercado bajo. Otra cosa es que hablamos de convertir las cuentas. Convertir dinero de una cuenta de retiro tradicional a una cuenta de retiro Roth. En las cuentas tradicionales cuando uno pone dinero, el gobierno lo quita de tus impuestos, o sea que no pagas impuestos en ese dinero, y entonces te deja crecerlo Esta situación es realmente una oportunidad.  🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.

In this week’s episode of Green Cards to Greenbacks we talk about 3 main topics on how you can be one step ahead of the fall of the stock market. The first one, we’re going to be talking about is getting rid of the investments that you don't want. Second, how you can convert some of your money from a traditional retirement account to a Roth retirement account. And last, how to look at this particular environment as an opportunity. Mental Hack There's a mental hack that you can use and that is to ask yourself, How do you feel about gifting your wealth to someone else? Because that's exactly what you're gonna do if you sell your investments during a down market. Someone else is gonna buy those investments for you. Use that mental hack. I think it’s extremely helpful for you. 1st tip: Getting rid of the investments that you don't want The first topic I wanted to talk about during this down market is to finally get rid of an investment that you otherwise couldn't before because of the tax consequences. Because in taxable accounts that are not a part of a retirement account, every time you buy or you sell something, it triggers a tax consequence. Don’t get stuck holding an investment that has grown tremendously, whether it be because it grew due to performance, or it grew because their company gave them stock as part of their compensation, and they know that they wanna get rid of it.2nd tip: Converting some of your money from a traditional retirement account to a ROTH retirement account. The second tip is also related to taxes. Hear me out: there's a lot of opportunity during the down market, and this has to do with converting some of your money from a traditional retirement account to a Roth IRA retirement account. A Roth account is where you pay the taxes now, so you don't get that deduction on your taxes during the year. For every dollar that you convert to a Roth IRA, you're more likely converting a dollar 20 or a dollar 25 and basically getting a discount. Why is this important? Let's say for example have a $100.000 traditional IRA and a $100.000 Roth IRA. I wanna ask you one question, Which account is worth more? traditional or Roth? 3rd tip: Looking at this particular environment as. An opportunity. So the third hack is really looking at this particular environment as an opportunity. There's this war happening between Russia and Ukraine that we don’t know how it will impact our economy. And look, I'm here to tell you that if you invested appropriately, if you have an investment strategy, not an observation strategy, but an investment strategy, you’re going to be okay. 🚨Text DINERO to 55444 For Special Content🚨Want to be on the show? Contact me here https://greenmountainplanning.activehosted.com/f/3Join our private Facebook group by clicking here: www.facebook.com/groups/greencardstogreenbacks/*Educational content it's NOT to be considered financial advice.