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Mind of a Millionaire
20 minutes | 19 days ago
EP:093 - November 2020, Portfolio Meeting Recap: The Disruptors vs. The Disrupted
During our monthly Portfolio Review Meeting (PRM), all Denver Wealth Management advisors meet (virtually) to discuss our holdings. We look at mutual funds, equities, bonds, real estate investments, etc., and assess their performance. Additionally, we examine items such as changes in fund managers and the cost of ownership. From there, our team combines the historical track record of each fund (year-to-date, one-, five-, and ten-year earnings) with its current standing and determine an investment forecast.
13 minutes | 20 days ago
EP:092 - Only Pay Taxes Once
A few weeks ago, a client shared an idea—or phrase, if you will—that stuck with me. Her dad had always told her, “only pay taxes once.” Time is money when it comes to tax planning. Depending on your specific situation, tax-planning strategies can range from relatively simple to complex.
15 minutes | a month ago
EP:091 - 10X Your Life
If you’re on the right track toward your long-term retirement needs—you have no debt, you’ve built up at least six months worth of expenses in an emergency fund, you’re saving at least 15% for retirement (preferably more), and your estate plan is in order—it may be time to live your rich life.
19 minutes | 2 months ago
EP:090 - October, 2020: Portfolio Review Meeting Recap
It’s that time again—time for our monthly Portfolio Review Meeting recap. This month, the Denver Wealth Management, Inc. Investment Committee addressed it all: coronavirus shutdowns, bonds, equities, the election, and our long-term outlook.
14 minutes | 2 months ago
EP:089 - Savvy Holiday Shopping Tips
October has arrived, and amid a year of tremendous uncertainty, it’s never wrong to plan. Whether you’re planning for Halloween, which is right around the corner, or 2021 family vacations, our co-founder, Zachary Bouck, CIMA®, is here to help.
17 minutes | 3 months ago
EP:088 - September Portfolio Review Meeting; Growth vs. Value Investing
On the first Tuesday of the month, our Investment Committee meets—virtually right now—to discuss each of our portfolios and holdings. Our advisors discuss what working, what isn’t, and what may be working down the road. This week, our focus revolved around growth vs. value funds, fixed-income investments, and the potential long-term impact of the Fed’s fiscal policy.
18 minutes | 3 months ago
EP:087 - Ladders of Wealth Creation
This week, our co-founder and chief investment office, Zachary Bouck, CIMA®, expounds upon Nathan Barry’s “Ladders of Wealth Creation.” In Nathan Barry’s words: “Every career starts in the bottom left [ladder] and works through each ladder over time. The higher you climb, the more you earn, but the more skills and experience you need to acquire.” The Ladders of Wealth Creation are a series of steps, or rungs, that describe wealth-building journey through growing and operating your own business.
22 minutes | 4 months ago
EP:086 - July Portfolio Review Meeting; Coronavirus, the Election, Preparing for Volatility
As you may know, the second Tuesday of every month marks our advisors’ portfolio review meeting. This meeting entails all of our Denver Wealth Management advisors discussing our investments—what’s working, what isn’t, and what opportunities are on the horizon? Last week, our advisors discussed coronavirus and the upcoming presidential election, both of which will contribute to continued volatility.
9 minutes | 5 months ago
EP:085 - You’re Employer Stopped the 401(k) Match, Now What?
Given the circumstances, several employers have halted their 401(k) matching programs. The question that we’ve received is, “shouldn’t I stop contributing if there is no match?” The answer is no. If you’re simply stopping because of the discontinued match, then no, it is not a good idea to stop making contributions to your employer-sponsored retirement program, and here’s why.
18 minutes | 5 months ago
EP:084 - The Skill of Wealth-Building
This week, Zak is discussing four different types of “luck” and how they impact your ability to build wealth. These principals are derived from Twitter philosopher, Naval Ravikant, and translated into a financial nomenclature.
23 minutes | 6 months ago
EP:083 - You Won the Lottery, Now What?
Whether you’re one of the lucky few who picks the winning numbers or you benefit from a substantial windfall, there are steps that you should take prior to making large financial decisions.
16 minutes | 6 months ago
EP:082 - 3 Ways to Increase Happiness
As a result of coronavirus, a majority of Americans – those who remained employed – were forced to work from home. For many of us, this was a first and took some mental adjusting. However, one positive result of working from home may have been the substantial impact on your bank account. Whether from the saved gas money or lack of social experiences, chances are that you saved quite a bit of money during lock-down. Between the forced mental and financial change, a lot of folks had a taste of what retirement may look like. How was your experience?
8 minutes | 6 months ago
EP:081 - May Portfolio Review; Market Rebound, Tech Companies, Bonds
It’s that time again – time for the Portfolio Review Meeting. This week, Zak discusses the April market rebound, what’s going on in the tech industry, and stocks vs. bonds.
20 minutes | 6 months ago
EP:080 - The Great Accelerator
This week, Zak is discussing what is being referred to as “The Great Accelerator.” Our economy and workforce continue to evolve as coronavirus takes its toll. For many, this has accelerated the work-from-home culture to a more attainable reality.
7 minutes | 7 months ago
EP:079 - 3 Ways to Prosper During a Recession
This week, Zak discusses how to invest during stock market downturns. The largest long-term opportunities are often presented to investors during times like these.
12 minutes | 7 months ago
EP:078 - The Hammer and the Dance
This week, Zak discusses the Hammer and the Dance. In other words, the governments reaction to coronavirus, what steps will be taken to end quarantine, and what investors can be doing despite ongoing uncertainty.
16 minutes | 8 months ago
EP:077 - Don’t Say "Coronavirus"
A large part of financial planning is focusing on the things that you can control. We, at Denver Wealth Management, cannot control the coronavirus. This week, Zak discusses the things we can control. As an added challenge, he won't use the word "coronavirus" throughout.
23 minutes | 9 months ago
EP:076 - Bear Down; the Dow’s Worst Day Since 1987
This episode comes a little early in response to the worst day in the Dow Jones since 1987. We address some of the more frequently asked questions that we have received thus far from clients.
27 minutes | 9 months ago
EP:075 - March Portfolio Review; ESG, Democratic Primary; Coronavirus
This week, Zak is discussing the three main talking points from our monthly portfolio strategy meeting: ESG investing, the democratic primary, and the impact of coronavirus.
46 minutes | 9 months ago
EP:074 - The Cost of Saving; Where Should You Spend Your Frugal Bucks?
When should you be frugal; when should to try really hard to save money; when is it more worth your time to simply pay market/retail price for something? Sometimes it just isn't worth your time - this week we discuss.
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