Sedona Arizona

Podcasts

EP 99: 99 Problems—One Plan: How Prioritizing Turns Chaos into Progress
September 10, 2025, 4:20 am
Episode 99 is for anyone who’s ever wished for “just one normal day.” Dale breaks down how a simple, living plan turns constant fires—cash-flow squeezes, debt, surprise bills, hiring/retention, leadership blind spots—into clear priorities and momentum. You’ll hear practical ways to separate reserves from operating cash (think Profit First–style buckets), choose growth with eyes wide open, time-block for your best brain hours, and use compounding small actions to knock out the biggest problems first. You’ll learn: The “money mechanics” checklist:... continue
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EP 98: What a Fed Rate Cut Could Mean for You
September 3, 2025, 5:00 am
The Federal Reserve is widely expected to cut interest rates at its September 2025 meeting. But what does that really mean for the economy—and more importantly, for your financial plan? In this episode of the Financial Purpose Podcast, Dale Shafer breaks down: The current economic backdrop of slowing job growth, sticky inflation, and political pressure. Why the Fed cuts rates—and what it signals about the health of the economy. How stocks, bonds, currencies, and commodities could respond in the short... continue
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EP 97: Your 10-Minute Wealth Checkup: 5 Simple Steps to Financial Clarity
August 27, 2025, 5:00 am
In this episode of the Financial Purpose Podcast, host Dale Shafer shares a practical and fast way to get a snapshot of your financial health. Forget hours of spreadsheets, calculators, and jargon—this is a 10-minute wealth checkup you can do today. Dale walks you through five key areas to review—cashflow, emergency savings, debt, retirement contributions, and risk protection—offering a quick test, a helpful tip, and a next step for each. This simple process will help you uncover gaps, identify opportunities,... continue
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EP 96: Stick to Your Guns: 5 Business Boundaries You Can’t Afford to Break
August 20, 2025, 5:00 am
In business, small compromises can lead to big problems. In this episode of the Financial Purpose Podcast, Dale Shafer shares five critical areas where you must hold your ground: pricing, values, integrity, contract terms, and time. Learn how to protect your business from scope creep, eroded margins, and damaged reputation—while attracting the right clients, partners, and opportunities. If you’ve ever felt pressure to “just this once” give in, this episode will give you the clarity and confidence to say no... continue
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EP 95: Productive, Not Just Busy: 5 Ways to Take Control of Your Time
August 13, 2025, 4:28 am
In Episode 95, Dale Shafer gets real—talking to himself (and to you) about the pressure of being overwhelmed and overscheduled. From managing client meetings to running a nonprofit and learning Italian, Dale shares five proven strategies to stay productive when life gets chaotic. Whether you’re burning out or just trying to stay ahead, this episode offers a practical framework to regain focus and protect your energy. Listen in and learn how to prioritize ruthlessly, time block with intention, say no... continue
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EP 94: Where Real Financial Advice Lives: Your Money & Your Life
August 5, 2025, 10:00 pm
In Episode 94, Dale Shafer dives into what real financial advice looks like — and it’s not just spreadsheets, charts, or market commentary. It’s the messy, beautiful intersection of money and life. Building on the conversation from Episode 92 with Carl Richards, Dale shares client stories that show how powerful financial planning becomes when it starts with emotions, values, and goals — not just numbers. From jet skis to career changes to grief and loss, this episode explores how money... continue
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EP 93: Real Financial Advice: It’s More Than Just a Portfolio
July 30, 2025, 6:06 am
In Episode 93, Dale Shafer gets real about the uncomfortable truths in traditional financial advising. After a recent client conversation that questioned the value of personalized advice versus a low-cost online investment platform, Dale breaks down exactly what makes Life Moves Wealth — and the BOSS Method — different. He dives into what real financial planning looks like: aligning your wealth with your life purpose, engaging in multi-generational conversations, navigating complex tax planning, and making space for emotional, human-centered decisions.... continue
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EP 92: The Power of Conversation: Carl Richards on Money, Meaning, and Behavior
Guest:
Carl Richards
July 23, 2025, 4:40 am
In this episode, Dale welcomes a very special guest—Carl Richards of The Behavior Gap. Known for his New York Times column and iconic financial sketches, Carl shares the story behind his new book, Your Money: Reimagining Wealth Through 101 Simple Sketches. Together, Dale and Carl explore the emotional and behavioral side of money, the illusion of financial certainty, and the importance of starting meaningful conversations around values, goals, and financial decisions. This isn’t just about spreadsheets—it’s about the human experience... continue
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EP 91: Avoiding the Estate Planning Trap: Coordination is Everything
July 16, 2025, 12:13 pm
In this episode of the Financial Purpose Podcast, Dale Shafer dives into one of the most overlooked yet critical aspects of long-term financial planning: estate plan coordination. From outdated beneficiaries to unfunded buy-sell agreements and tax-conflicting trusts, Dale shares real-world stories that illustrate how uncoordinated estate documents can unravel decades of planning. Whether you’re a business owner or high-net-worth individual, this episode outlines the simple yet essential steps to ensure your estate plan works the way you intended—before it’s too... continue
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EP 90: Succession Planning: Defining Your Next Chapter
July 9, 2025, 10:22 am
In Episode 90 of the Financial Purpose Podcast, Dale Shafer wraps up the B.O.S.S. Method series with the final “S”—Succession. If you’re a business owner thinking about what comes next, this episode is your guide. Dale breaks down the emotional and strategic steps of succession planning, from defining your post-exit purpose to maximizing business value and creating a tax-efficient transition. Whether you’re two years or twenty years away from selling your business, this episode will help you start planning now—before... continue
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EP 89: Secure the Business, Build the Wealth: The “S” in the BOSS Method
July 2, 2025, 3:36 am
In episode 89 of the Financial Purpose Podcast, Dale breaks down the third stage of the BOSS Method—Secure—and explains why business owners must shift their perspective from operator to investor. From developing strategic plans to scale sustainably, to separating operational and growth capital, Dale dives deep into the systems, structures, and financial forecasts that create long-term business resilience and personal wealth. Learn how to avoid overreliance on your business asset, build recurring revenue, implement contingency plans, and prepare for inevitable... continue
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EP 88: Optimize: Making Your Business Work for You
June 25, 2025, 10:01 am
In this episode, Dale continues the breakdown of the BOSS Method—the business owner strategic success framework—by focusing on the “O” for Optimize. From cleaning up cash flow and building financial reserves to entity structure, proactive tax planning, KPI dashboards, and risk management, Dale shares how business owners can increase profitability, reduce risk, and align their business and personal financial lives. If your advisor isn’t talking to you about any of this, it might be time to upgrade. Learn how to... continue
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EP 87: Be the Boss: Building a Business That Builds Your Wealth
June 18, 2025, 9:36 am
In Episode 87, Dale breaks down the “B” in B.O.S.S.—Build—the first stage of his Business Owner Strategic Success Method. From aligning personal and business finances to managing risk and planning for long-term value, this episode lays the foundation for business owners who want to grow real wealth, not just revenue. Dale shares how traditional financial advice often fails entrepreneurs and explains why Life Moves Wealth takes a different approach. If you’re a business owner feeling the weight of growth, payroll,... continue
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EP 86: Sick of Bad Advice: Debunking Viral Financial Myths
June 11, 2025, 3:06 pm
In this episode, Dale Shafer tackles the rise of viral financial advice spreading across TikTok, Instagram, and other platforms—and why most of it is dangerously misleading. From claims about getting rich through UGMA accounts and writing off your life through an LLC, to the false promises of whole life insurance as an investment, Dale breaks down five of the most common and misleading money myths making the rounds. He also shares a story of hitting an unexpected eagle on the... continue
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EP 85: The Cost of Doing This vs. That: Making Smarter Financial Decisions
June 4, 2025, 10:26 am
Opportunity cost is one of the most powerful — and most overlooked — factors in your financial life. In this episode, Dale takes the “Where Should Your Next Dollar Go?” conversation to the next level. He dives into the unseen tradeoffs behind every decision — whether it’s paying off debt, investing in your business, or spending time on low-value tasks. Discover how to think more strategically about your money, time, and energy, and learn how pausing to evaluate your options... continue
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EP 84: 10 Minutes Early: The Mindset Behind Building Leaders and Second Chances
May 28, 2025, 7:52 am
In this powerful episode, Dale Shafer sits down with John Morris—entrepreneur, podcaster, and author of 10 Minutes Early: How I Earned a Life No One Gave Me. John shares how he built PHP Commercial Painting from his garage into a multimillion-dollar business by hiring formerly incarcerated individuals and giving them not just a job, but a future. Together they explore the meaning of leadership, personal transformation, financial literacy, and the life-changing impact of opportunity. This is more than a business... continue
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EP 83: 10 Lessons from 10 Years as a Financial Advisor
May 21, 2025, 10:37 am
In this milestone episode, Dale celebrates 10 years in the financial advisory business and shares 10 powerful lessons learned along the way. From understanding why behavior matters more than market trends, to the value of ongoing planning and building a business with integrity, this episode is packed with personal insights and professional wisdom. Whether you’re a business owner, an aspiring financial planner, or someone seeking financial clarity, this episode delivers inspiration and practical takeaways.
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EP 82: Breaking the Burnout Loop: How to Reclaim Your Business and Your Time
May 14, 2025, 6:32 am
Are you feeling stuck in the daily grind of your business? In this episode of the Financial Purpose Podcast, Dale Shafer dives into the burnout cycle that so many business owners face—especially mid-year—and shares practical strategies to escape it. From shifting into a leadership mindset to tracking KPIs and systematizing operations, Dale reveals how to stop working in your business and start working on it. Plus, learn how the BOSS Method can help you regain control and run your business... continue
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EP 81: Where Should Your Next Dollar Go? 10 Steps to Build a Strong Financial Foundation
May 7, 2025, 8:43 am
In Episode 81, Dale Shafer walks you through the critical question many clients are asking: “Where should my next dollar go?” Whether you’ve received a bonus, a tax refund, or just have extra cash flow, Dale outlines 10 simple and powerful steps to help you prioritize and take control of your financial future. From tracking your net worth and building a cash reserve to eliminating high-interest debt and investing with purpose, this episode serves as a blueprint for strengthening your... continue
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EP 80: Know Your Numbers: How to Build a KPI Dashboard That Drives Growth
April 16, 2025, 1:36 pm
In this milestone 80th episode, Dale dives deep into one of the most crucial tools for any business owner: the KPI dashboard. Building off the previous episode on operating capital, Dale breaks down the four key categories of KPIs every business should be tracking—regardless of industry. From revenue growth to profitability, operations to exit strategy, this episode walks you through exactly what to measure, why it matters, and how to track it—using real data from his own firm, Life Moves... continue
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EP 79: Cash Flow Is King – Making Working Capital Work for You
Guest:
Abran Villegas
April 9, 2025, 4:24 am
In this episode of the Financial Purpose Podcast, Dale sits down with Abran Vegas of Lazear Capital to talk about the financial engine that drives every business: working capital. They dive deep into how business owners can better manage their cash, improve operational efficiency, and avoid the common pitfalls that lead to financial strain—even when a business is profitable on paper. Abran also introduces ESOPs (Employee Stock Ownership Plans) as a powerful and often overlooked succession plan that allows business... continue
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EP 78: Tariffs and Turbulence: What “Liberation Day” Could Mean for Your Money
April 2, 2025, 4:51 am
In Episode 78 of the Financial Purpose Podcast, Dale breaks down the potential financial impact of the new tariffs set to take effect on “Liberation Day,” April 2, 2025. From the automotive industry to fuel prices, construction materials, and everyday consumer goods, these tariffs could reshape your budget, investment strategy, and business decisions. Dale offers a nonpartisan look at what’s driving the policy, what it might mean for jobs, prices, and supply chains, and how to think about planning in... continue
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EP 77: Stop Hustling. Start Building. Introducing the B.O.S.S. Method™
March 26, 2025, 4:02 am
Too many business owners treat their company like a high-paying job — not an asset. In Episode 77, Dale officially launches The B.O.S.S. Method™ (Business Owner Strategic Success), a trademarked framework that helps entrepreneurs tie together their personal and business finances to build real wealth, not just revenue. Dale breaks down each stage of the B.O.S.S. acronym: • Build & Balance • Optimize & Organize • Scale & Secure • Strategy & Succession This episode is a must-listen for entrepreneurs... continue
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EP 76: Market Volatility, Tariffs & Smart Investing Amid Uncertainty
March 19, 2025, 6:01 am
In this episode of the Financial Purpose Podcast, Dale breaks down the recent market selloff and why uncertainty around tariff policies is making investors uneasy. He shares insights from his latest client newsletter, covering trade deficits, economic trends, and what history tells us about market downturns and recoveries. Dale also discusses why having a strategic financial plan is crucial—especially when volatility strikes—and how to ensure your advisor is truly working in your best interest. Plus, a little Saint Patrick’s Day... continue
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EP 75: Why It Pays to Prepare: Financial & Exit Planning for Business Owners
March 12, 2025, 6:28 am
In Episode 75 of the Financial Purpose Podcast, we dive into the critical role of financial and exit planning—why business owners should start early and how these strategies impact long-term financial security. Host Dale Shafer shares insights from the Business Transition Summit, defining key terms like financial planning, exit planning, tax planning, and estate planning. He also dispels common misconceptions, explains why planning should be an ongoing process, and outlines how today’s economic climate makes strategic financial decisions even more... continue
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EP 74: Value Investing 101: How to Spot Undervalued Stocks and Build Long-Term Wealth
February 19, 2025, 6:37 am
In Episode 74 of the Financial Purpose Podcast, Dale breaks down the fundamentals of value investing—what it is, what it isn’t, and how to identify undervalued stocks with real potential. Many investors mistake low-priced stocks for value plays, but true value investing requires analyzing key financial metrics like the P/E ratio, free cash flow, and debt-to-equity ratios. Dale also covers industry sectors that present strong value opportunities and sectors to be cautious about. If you’re looking to build long-term wealth... continue
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EP 73: Roth IRA Conversions: Maximize Tax Savings & Retirement Growth
February 12, 2025, 5:02 am
In Episode 73 of the Financial Purpose Podcast, we dive deep into the power of Roth IRA conversions and Roth 401(k) contributions. Dale explains why Roth strategies are crucial for tax efficiency, long-term wealth building, and retirement planning.
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EP 72: Breaking the Myths About Billionaires, Taxes, and Wealth Strategies
January 29, 2025, 4:17 am
In Episode 72 of the Financial Purpose Podcast, we challenge the myths surrounding billionaires, taxes, and wealth inequality. Inspired by Trevor Noah’s recent monologue and the series Billions, we dive into the nuances of wealth, income, and tax strategies. Discover the truths about how billionaires earn and pay taxes, why taxing unrealized gains is problematic, and how everyday people can adopt similar strategies to build wealth. From leveraging capital gains and appreciating assets to philanthropy and estate planning, this episode... continue
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EP 71: Breaking Free from Indecision: Overcoming Decision Paralysis in Business and Finance
January 22, 2025, 9:33 am
In Episode 71 of the Financial Purpose Podcast, we dive into the challenges of decision-making in business and personal finance. Dale explores why indecision happens, the emotional and financial costs of hesitation, and practical strategies to take decisive action. Learn how to overcome fear of failure, decision fatigue, and lack of clarity, and discover tools like the 80/20 rule, decision frameworks, and the power of seeking outside perspectives. Don’t let indecision hold you back—start moving toward your goals today!
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EP 70: The Power of Mentorship: Lessons from Life’s Bumpers
January 15, 2025, 5:36 am
In Episode 70 of the Financial Purpose Podcast, we take a heartfelt journey into the profound impact mentorship can have on our lives. Dale Shafer shares personal stories of the mentors who shaped his path, offering wisdom, discipline, and inspiration along the way. From childhood influences to professional guidance, this episode dives deep into the importance of paying it forward and becoming a “bumper” for others. Learn how mentorship fosters personal and professional growth, creates a culture of leadership, and... continue
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EP 69: Busting Money Myths and Financial Conspiracies
January 8, 2025, 8:27 am
In Episode 69 of the Financial Purpose Podcast, Dale tackles six popular financial conspiracies that could be holding you back from achieving financial success. From the myth that “Cash is King” to the debate over whether the stock market is rigged, Dale provides practical insights to help you separate fact from fiction. Tune in to learn the truth about debt, investing, taxes, and real estate, and how to make informed decisions for your financial future. Don’t miss this myth-busting episode... continue
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EP 68: Kickstart 2025: Financial Power Moves for a Stronger Year
January 1, 2025, 8:24 am
In Episode 68 of the Financial Purpose Podcast, Dale shares ten actionable strategies to elevate your financial game in 2025. Discover five foundational financial power moves to set the stage and five advanced strategies to level up your personal and business finances. From aligning goals to building a Freedom Fund and maximizing tax efficiency, this episode is packed with insights to help you thrive in the new year. Tune in for practical advice and inspiring ideas to take control of... continue
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EP 67: Business Chaos and Clarity: Building Stronger Foundations
December 18, 2024, 6:35 pm
In Episode 67 of the Financial Purpose Podcast, Dale is joined by special guests Kimberly Bogues and Kendi Brown, two powerhouse business consultants. Together, they explore the joys and challenges of being a business owner, discussing the chaos that often accompanies growth, the importance of clear operational planning, and how to overcome overwhelm. They also dive into the upcoming Business Transition Summit, where business owners will gain actionable insights to grow, scale, or transition their businesses effectively. If you’re a... continue
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EP 66: Santa Claus Rally: What It Means for Your 2025 Investments
December 11, 2024, 3:56 pm
In this episode of the Financial Purpose Podcast, Dale dives into the fascinating phenomenon of the Santa Claus rally. Discover what this market trend means, its historical significance, and whether it predicts a strong 2025 for investors. Dale explores market resilience, interest rates, geopolitical factors, and key strategies for staying invested in volatile times. If you’re curious about how sentiment, market timing, and year-end strategies affect your portfolio, this episode is packed with valuable insights to guide your financial journey.
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EP 65: Aligning Values for Life and Leadership with Ann Sheu of Mpowered Journey
Guest:
Ann Sheu
December 4, 2024, 5:55 am
In Episode 65 of the Financial Purpose Podcast, Dale Shafer sits down with Ann Sheu, founder of Mpowered Journey, to explore how aligning personal and family values can transform your leadership at work, in your community, and at home. Together, they discuss how to combat hustle culture, avoid burnout, and create a life aligned with your decade-long dreams. Whether you’re an entrepreneur, a parent, or a professional seeking balance, this episode offers actionable insights to help you lead with intention.... continue
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EP 64: Year-End Financial Planning: Priorities for Success in 2025
November 27, 2024, 12:00 pm
In this episode of the Financial Purpose Podcast, we dive into the essential financial tasks and priorities to tackle before the end of the year. From reviewing cash flow and optimizing tax strategies to rebalancing portfolios and setting realistic budgets for 2025, host Dale Shafer walks you through actionable steps to start the new year with confidence. Plus, hear about the importance of preparing for unexpected expenses, managing business investments, and setting personal financial goals. Don’t miss the free downloadable... continue
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EP 63: Navigating Business Transitions with Tom Bronson
Guest:
Tom Bronson
November 6, 2024, 5:06 am
In episode 63 of the Financial Purpose Podcast, host Dale Shafer welcomes serial entrepreneur and business transition expert Tom Bronson. Together, they discuss the importance of exit planning for business owners and the steps needed to maximize value and ensure a smooth transition. From understanding business valuation to reducing owner dependency, Tom shares his insights from decades of experience buying, selling, and consulting for businesses. They also introduce the upcoming Business Transition Summit in Arizona, a day of practical education... continue
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EP 62: Financial Insights from Reddit: Dale’s Take on Real-Life Money Questions
October 30, 2024, 9:29 am
In Episode 62 of the Financial Purpose Podcast, Dale takes a dive into Reddit to answer financial questions from everyday users. From credit scores and savings habits to market sell-offs and investing strategies, he tackles a range of real-world finance dilemmas. Whether you’re navigating credit card strategies, exploring ways to save, or curious about capital gains, this episode offers practical insights and quick takes on questions that many of us face. Tune in to hear Dale’s straightforward advice on everything... continue
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EP 61: Breaking the Cycle: Understanding Your Money Scripts
October 23, 2024, 7:18 am
In this episode of the Financial Purpose Podcast, Dale dives deep into the concept of money scripts—those unconscious beliefs and behaviors around money that we inherit from our families and pass down through generations. Using a powerful analogy of migrating butterflies, Dale illustrates how these scripts can guide our financial decisions, even when they no longer serve us. Tune in to explore common money scripts like money worship, money status, and money avoidance, and learn practical steps to break free... continue
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EP 60: Untangling Medicare: What You Need to Know
October 9, 2024, 12:38 pm
In Episode 60 of The Financial Purpose Podcast, Dale celebrates this milestone with special guests Lauren and Hector, owners of Dessis Agency, seasoned Medicare experts. They dive deep into the complexities of Medicare, covering critical topics like Medicare Advantage, supplemental plans, open enrollment, and the impact of new regulations. Whether you’re approaching Medicare age or helping a loved one, this episode will equip you with valuable insights to navigate this essential program. Tune in to learn more about what you... continue
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EP 59: Emotional Hijacks: How Biases and Feelings Shape Your Financial Decisions
October 2, 2024, 7:07 am
In Episode 59 of the Financial Purpose Podcast, Dale Shafer dives deep into the emotional and psychological factors that influence financial decision-making. From fear and greed to overconfidence and loss aversion, emotions often hijack rational thinking and lead to decisions that can derail your financial success. Dale shares personal stories, examples from the markets, and practical strategies to recognize and overcome these emotional hijacks, helping you stay on track with your financial goals. Whether it’s FOMO, herd behavior, or simply... continue
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EP 58: Exit Planning: It’s About Running the Race, Not Just Crossing the Finish Line
September 26, 2024, 10:52 am
In Episode 58 of the Financial Purpose Podcast, Dale Shafer explores the concept of exit planning through the lens of running a race. He emphasizes that true financial success isn’t just about crossing the finish line; it’s about the strategy, endurance, and decisions made throughout the journey. Dale discusses the importance of having a well-thought-out exit plan, whether it’s for retirement or selling a business, and how focusing on the process can lead to a smoother, more rewarding transition. Learn... continue
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EP 57: Balancing Now and Later: Retirement Plans for Today and Tomorrow
September 18, 2024, 12:25 pm
In Episode 57 of the Financial Purpose Podcast, Dale explores the balance between living life now and saving for later in retirement. Should you focus on enjoying life today, while you have the energy, or delay gratification until retirement? Dale discusses critical questions like, “What if I don’t live long enough?” and “Is this the best time to take that big trip or start that business?” Discover how to prioritize your cash flow, savings, and planned spending, and learn why... continue
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EP 56: Investment Minimums: How Much Do You Really Need to Start Investing?
September 11, 2024, 8:46 am
In this episode of the Financial Purpose Podcast, Dale Shafer dives into the topic of investment minimums. How much do you need to get started with investing? Are high minimums always necessary? Dale breaks down the importance of understanding these thresholds and how they impact your investment journey. Whether you’re just beginning or looking to grow your portfolio, this episode provides valuable insights on how to make the most of your investment opportunities.
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EP 55: Maximizing Wealth: A Deep Dive into Real Estate 1031 Exchanges
September 4, 2024, 4:22 pm
In Episode 55 of the Financial Purpose Podcast, Dale Shafer takes a comprehensive look at real estate 1031 exchanges. Discover how this powerful tax-deferral tool can help you maximize wealth and strategically grow your real estate investments. Whether you’re a seasoned investor or new to the game, this episode breaks down the benefits, rules, and strategies of 1031 exchanges, offering practical advice on making the most of your real estate portfolio.
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EP 54: Answering Your Top 10 Financial Planning Questions
August 28, 2024, 8:57 am
In Episode 54 of the Financial Purpose Podcast, Dale Shafer dives into the top 10 financial planning questions that everyone should know the answers to. From how much you should be saving for retirement to strategies for paying off debt while still saving, Dale provides clear, actionable advice. Whether you’re wondering when you can afford to buy a home, how to protect your assets from taxes, or what investments you should consider, this episode covers it all. Tune in to... continue
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Ep 53: A Comprehensive Economic Overview with Dale Shafer
August 21, 2024, 4:22 pm
In this episode of the Financial Purpose Podcast, host Dale Shafer provides an insightful overview of the current economic landscape. Dale delves into key economic indicators, including the S&P 500 Index, Volatility Index, PCE Price Index, US Unemployment Rate, US Initial Claims for Unemployment Insurance, US Retail Sales YoY, US ISM Manufacturing PMI, and US ISM Services PMI. Tune in to gain a deeper understanding of these metrics and their impact on the economy, along with Dale’s expert analysis and... continue
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Ep 52: The Myth of Work-Life Balance: A Realistic Approach with Adam Dellos
Guest:
Adam Dellos
August 14, 2024, 9:42 am
In Episode 52 of the Financial Purpose Podcast, Dale Shafer II sits down with Adam Dellos to challenge the conventional wisdom of work-life balance. Is it really achievable, or is it just a myth? Adam opens up about his own experiences and how he has managed to create a more realistic approach to balance in his life. If you’re tired of hearing the same old advice and want to hear a fresh perspective, this episode is for you. https://www.adamdellos.com/
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Ep 51: Guarding Against Phishing Scams: Expert Tips and Strategies
August 7, 2024, 12:35 pm
In Episode 51 of the Financial Purpose Podcast, Dale Shafer II welcomes Joshua Herbison from IdeaPro.com to discuss the pervasive issue of phishing scams via calls and emails. Joshua shares crucial insights on how to protect yourself, what steps to take if you receive a phishing attempt, and how to secure your email. He also provides practical advice on what to do if you fall victim to one of these scams. Additionally, Joshua reveals his unique strategy of using separate... continue
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Ep 50: Celebrating with Gold Pinatas and Semiconductors
July 31, 2024, 9:42 am
Join Dale Shafer II, CFP, as he celebrates the 50th episode of the Financial Purpose Podcast with tiny gold pinatas! In this special episode, Dale dives into the world of semiconductors, discussing their crucial role during the pandemic and exploring whether they are a smart investment for your portfolio. Don’t miss this milestone episode filled with valuable insights and a festive atmosphere.
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Ep 49: MASTERING FOCUS: HOW TO AVOID DAILY DISTRACTIONS
July 25, 2024, 6:54 am
In Episode 49 of the Financial Purpose Podcast, host Dale Shafer II delves into the topic of overcoming financial distractions, drawing from his insightful blog post on Life Moves Wealth. Dale shares practical strategies to stay focused on your financial goals, avoid common pitfalls, and navigate the distractions that can derail your financial success. Whether you’re dealing with unexpected expenses, market volatility, or lifestyle temptations, this episode provides valuable guidance to help you stay on track. See the 7 tips... continue
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Ep 48: The Power of Free Market Capitalism: Why It’s Still the Best Economic System
July 17, 2024, 5:55 am
In this episode of Financial Purpose with Dale Shafer, we dive into the enduring effectiveness of free market capitalism. Despite its criticisms, Dale argues that this economic system remains the most effective for creating personal wealth. Drawing on Adam Smith’s foundational concepts and comparing free markets to other systems like feudalism, mercantilism, socialism, and communism, Dale makes a compelling case for the benefits of capitalism. Tune in to understand how self-interest drives economic prosperity and why, despite its flaws, free... continue
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Ep 47: Maximizing Financial Health: Key Strategies for Business Owners with Dale Shafer II, CFP
July 11, 2024, 4:18 pm
In Episode 47 of the Financial Purpose Podcast, host Dale Shafer II, CFP, shares invaluable insights on how business owners can effectively manage their business and personal finances using very similar KPIs. Dale covers five critical areas that bridge business and personal finance: Cash Flow Management vs. Profitability, The Impact of Interest Rates and Inflation, The Importance of Financial Forecasting, Understanding Financial Statements, and The Role of Working Capital. Tune in to learn how to optimize your financial health and achieve... continue
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Ep 46: Financial Planning and Our Approach: Preparing for the Next 30 Years
June 26, 2024, 12:46 pm
In Episode 46 of the Financial Purpose Podcast, host Dale Shafer II, CFP, dives into the essentials of long-term financial planning. Dale explores how your planning today shapes your financial future 30 years from now. He provides an in-depth explanation of key financial concepts using a financial planning overview with the Elements financial health monitoring tool and clients Sam and Sally. Join us for a comprehensive guide to creating a robust financial strategy that stands the test of time. https://lifemoveswealth.com/ourapproach/
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Ep 45: Real Estate Investing: When, Why, and How with Dale Shafer II
June 20, 2024, 9:24 am
Join Dale Shafer II, CFP, on Episode 45 of the Financial Purpose Podcast as he delves into the world of real estate investing. Whether you're a seasoned investor or just starting out, this episode provides essential insights on when it makes sense to invest in real estate, when you should avoid it, and the key differences between short-term and long-term rentals. Learn the strategies that can help you make informed decisions and maximize your investment potential in the real estate... continue
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Ep 44: Navigating Business Paths and Exit Strategies with John Chionchio
Guest:
John Chionchio
June 12, 2024, 10:03 am
In Episode 44 of the Financial Purpose Podcast, host Dale Shafer II, CFP, sits down with John Chionchio, partner at WealthPoint to delve into the intricacies of guiding business owners through their entrepreneurial journeys. John shares his expertise on creating robust business strategies, managing growth, and planning successful exits. Tune in to gain valuable insights on how to steer your business towards a prosperous future and make informed decisions for a smooth transition when it's time to move on. Note:... continue
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Ep 43: Navigating the New FTC Non-Compete Ban with Paloma Goggins
June 5, 2024, 8:18 am
In Episode 43 of the Financial Purpose Podcast, host Dale Shafer II, CFP, is joined by Paloma Goggins from Nocturnal Legal to discuss the recent FTC rule banning non-compete agreements. Tune in to hear an in-depth conversation about what this new regulation means for businesses and employees, how it impacts contractual agreements, and what steps you should take to ensure compliance. Whether you're a business owner, legal professional, or employee, this episode provides essential insights into navigating the shifting landscape... continue
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Ep 42: Financial Showdown: Trump vs. Biden Presidency by the Numbers
May 31, 2024, 3:42 am
In Episode 42 of the Financial Purpose Podcast, host Dale L Shafer II, CFP, dives into a detailed analysis of the financial performance during the Trump and Biden presidencies. Dale compares key economic indicators, including GDP growth, employment rates, stock market performance, and federal debt. Tune in to gain a deeper understanding of how each administration's policies have impacted the economy and your personal finances. Click here to see all the charts discussed in this episode.
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Ep 41: From Terrible Employee to Successful Entrepreneur: Insights from Seasoned Pros
Guest:
Jake Brown, Jake Morrow and Josh Herbison
May 15, 2024, 1:47 am
In this episode of the Financial Purpose Podcast, host Dale L. Shafer II, CFP, sits down with three seasoned entrepreneurs: Jake Brown, Jake Morrow, and Josh Herbison. Join us as we explore the journey from being a dissatisfied employee to a thriving entrepreneur. Is entrepreneurship the right path for you? Discover valuable tips and strategies on starting and growing your business the right way. Tune in for an engaging discussion that will inspire and guide you on your entrepreneurial journey.
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Ep 40: Women and Wealth: Why Money Mentorship Matters with Karen Moon
May 12, 2024, 4:03 pm
Learn more about Karen Moon - https://themoneyorganizer.com/ Welcome to Episode 40 of the Financial Purpose Podcast, hosted by Dale L Shafer II, CFP. In this insightful episode titled "Women and Wealth: Why Money Mentorship Matters," we are joined by the esteemed Karen Moon, a renowned expert in financial education and empowerment for women. Karen Moon brings her wealth of knowledge and experience to discuss the unique financial challenges and opportunities faced by women today. She shares practical advice on how... continue
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Ep 39: Election Economics & The Battleground of Narratives
April 16, 2024, 12:42 pm
Clients always want to know what I think politically and where I stand. In this episode, I share some data on the economy and even my opinion of the two presidential candidates and how their campaigns will likely spin narratives around economic data to their favor. As observers and participants in this democratic process, it’s essential to navigate these narratives wisely, armed with a comprehensive understanding of objective economic truths and their broader implications. Reference sources: GDP data: https://www.bea.gov/news/2024/gross-domestic-product-fourth-quarter-and-year-2023-third-estimate-gdp-industry-and Trade... continue
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Ep 38: The Final Checklist
April 9, 2024, 1:23 pm
This topic has been heavy on my heart for a few weeks. March was an interesting month for our family, a mix of deep loss and also life stage celebration. In reflection, it’s been a stark reminder of my need - and your need - to place a better and more meaningful focus on a subject none of us like to think about but absolutely need to prepare for: the end of life. Listen to this episode as I bust... continue
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Ep 37: How to use EBITDA to drive your business
March 26, 2024, 1:17 pm
If you’re running a business, you’ve probably come across the term EBITDA. Understanding this metric can be incredibly useful, providing insights into your company’s operating performance and helping to shape your strategic decisions.EBITDA is an acronym that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It zeros in on the earnings from your business's core operations by leaving out expenses that can vary widely between different companies, such as tax rates and interest expenses. This gives you a cleaner... continue
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Ep 36: To Bitcoin, or Not To Bitcoin?
February 6, 2024, 12:19 pm
Bitcoin ETFs are officially available on US listed exchanges. This is a significant development in crypto trading. These ETFs providing greater access to the volatile yet potentially rewarding world of cryptocurrencies, particularly Bitcoin.As with any investment, careful consideration is crucial. Cryptocurrency is still is a tricky asset class for many investors when it comes to deciding if, when, and how much to invest.In this episode, I’ll break down some key factors to keep in mind when deciding how much crypto... continue
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Ep 35: Corporate Transparency Act
January 9, 2024, 1:15 pm
Originally passed in 2021, the Corporate Transparency Act is now in effect. If you own a corporation or LLC created in the U.S. and registered with your respective state, there’s a good chance you will need to take action to comply with the law. This episode features special guest Wendy Anderson, Esq., Business Attorney. Wendy has been following this law since enacted, and she joins us on the Financial Purpose Podcast to help us get prepared to meet the requirements.... continue
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Ep 34: The Year No One Called [Correctly]
December 19, 2023, 10:40 pm
2023 might be one of the most unexpected years of all time, certainly as the markets and economy are concerned. It seemed like everyone was calling for a recession. It never came. Most unexpected might be the magnitude of the stock market rally, which looks to be ending the year with a punctuation mark!As we head into 2024, the major themes I’m watching include:* Potential for Fed rate cuts* Is the economy truly slowing based on persistently high borrowing costs... continue
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Ep 33: What you need to know before year end
November 30, 2023, 12:56 am
Are you financially ready for year end? In this episode I share a few factors to consider between now and December 31st, including retirement planning, tax planning, 529 planning, and estate planning. Buckle up and take notes! This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 32: $33 Trillion and uncertainty
October 26, 2023, 6:18 pm
Signs of economic uncertainty are showing up in more places throughout the BIG economy, which impacts the LOCAL economy that you and I intersect every day. From home prices to mortgage rates, car prices to auto loan rates, inflation to wages, there’s evidence the economy is slowing down a little… or, at least taking a breather. As the federal government continues deficit spending without much caution for later consequence, inflation continues to be a primary factor in consumer costs and... continue
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Ep 31: Working ON vs IN your business
October 10, 2023, 5:04 pm
Many business owners start their businesses because they see a need they can solve, they’re tired of being paid less than their true value, and they want to work for themselves rather than someone else. One day you wake up and your business is running. Revenue is coming in, costs are going out, and you’re busier than ever. Ask yourself: is your operations engine running as efficiently as it could? Are you willing to shed the number of hats you’re... continue
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Ep 30: Get your business house in order!
October 3, 2023, 12:43 pm
In this episode of The Financial Purpose Podcast, I talk with Paloma Goggins, Corporate and M&A Attorney and founder of Nocturnal Legal. Listen for our discussion what business owners need to know about forming business entities, creating and maintaining good operating agreements, and most importantly - how to prepare for an eventual smooth exit by beginning with the end in mind. Learn more about Paloma and Nocturnal Legal.
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Ep 29: How to choose the right financial advisor
September 8, 2023, 1:53 pm
Have you ever wondered how to choose the right financial advisor?Whether you’re looking to work with a financial advisor for the first time, or you are looking to change advisors, the looming question in your mind might be:HOW DO I CHOOSE THE RIGHT FINANCIAL ADVISOR… FOR ME?One thing I will admit is there’s no shortage of financial advisors in the world –In fact, when it was suggested to me by a friend of mine that I should consider being a... continue
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Ep 28: Becoming a 1%-er
August 15, 2023, 1:23 pm
Today I want to talk about becoming a 1%er.I’m not talking about those that fall in the higher earning bracket…. Although that may be a goal for some…And, I’m not talking about that particular motorcycle club either….But what I am talking about is Kaizen.Kaizen, in practice, usually delivers small improvements that yields big results over time. It starts by simply improving by 1% at a time. I have found this to be an effective way to get to where you... continue
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Ep 27: Personal Finance is Personal!
July 18, 2023, 2:12 pm
“This isn’t going to be my story anymore…”In this episode of the Financial Purpose Podcast, I'm joined by special guest Sarah VanHoose for a conversation around how to change your money story. Listen to hear how she and her husband got serious about their money values, paying off more than $500,000 of debt in three years!And, hear how she decided to leave her corporate health care career to fully launch her financial and corporate coaching business, Journey to Influence. Money... continue
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Ep 26: Unlocking Retirement Financial Freedom
July 6, 2023, 1:39 pm
Heard all the bad stories about reverse mortgages? Have you heard about the many ways a reverse mortgage can actually unlock financial freedom in retirement? In this episode of the Financial Purpose Podcast I'm joined by Reverse Mortgage Specialist Andrew Kish for a conversation on the power of reverse mortgages. Learn more about Andrew here. Learn more about sound financial planning and defining your financial purpose at lifemoveswealth.com Andrew Kish NMLS #2115541 Luminate Home Loans NMLS #150953 This is a... continue
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Ep 25: How to Stay Broke
June 27, 2023, 2:19 pm
The term “how to stay broke” returns more than 694 MILLION Google search results! Apparently a lot of people are talking about and are concerned about this topic. A recent CNBC financial literacy survey found that 56% of respondents cited living paycheck-to-paycheck; also, 57% of people earning +$100,000 per year are concerned about the health of their personal finances. In this episode of the Financial Purpose Podcast, I identify six specific actions - or inactions - you can take to... continue
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Ep 24: Cracking the Marketing Code
June 13, 2023, 1:41 pm
Learn more about Claudine here: * Website: https://virtualingenuityllc.com/ * Facebook: https://www.facebook.com/Virtuallyexe* Instagram: https://www.instagram.com/virtualingenuityllc/* LinkedIn: https://www.linkedin.com/in/claudineland/* The Virtual Ingenuity Business Podcast on Apple Podcast: * The Virtual Ingenuity Business Podcast on Spotify: This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 23: Stock Picking
May 26, 2023, 8:53 pm
Honest investors can attest that stock picking is hard. A strong conviction pick can lead to out-performance one year and under-performance the next. Or, vice-versa.I recently saw a discussion on Twitter among financial professionals based on the following question:Without Googling the answer, what is the best performing US stock over the last 20 years?Some of the responses included companies like:* Microsoft (MSFT)* UnitedHealth Group (UNH)* Apple (AAPL)* Amazon (AMZN)* Nvidia (NVDA)* Berkshire Hathaway (BRK'A / BRK'B)* Walmart (WMT)* Johnson &... continue
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Ep 22: Debt Ceiling
May 9, 2023, 5:58 pm
The U.S. debt ceiling is all over the news today, so let’s talk about it.Before 1917, Congress had the ability to use the Power of the Purse at their own discretion. In effort to make the federal government fiscally responsible, the debt ceiling was created.The debt ceiling cap currently stands at roughly $31.4tn. That limit was breached back in January.Is a U.S. default likely?Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition... continue
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Ep 21: Give me 10!
May 3, 2023, 9:43 pm
The Fed raised rates again today - the 10th hike in this current cycle. Just 13 months ago the Fed funds range was 0.00%-0.25%; with today’s hike, it is now 5.00%-5.25%.The Fed funds rate is one of the primary monetary policy tools. By raising this rate, the Fed is slowing a heated economy by indirectly influencing consumer and business borrowing rates. In this episode of the Financial Purpose Podcast, I’ll explain at a high level what the Fed funds rate... continue
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Ep 20: What do you want from me?
April 25, 2023, 2:19 pm
What services do you expect from your financial advisor? What are you actually getting?Think about it. Is there a gap between your advisory expectations and the reality?Research from SpectremGroup among wealthy investors shows there’s a massive gap in many crucial wealth management services.There are many reasons why such gaps may exist, including: * Speciality held by the advisor* Expectations of communication and services provided not clearly established* Client may view “comprehensive” planning as an add-on or “upsell” service, not fully... continue
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Ep 19: Retirement Leakage
April 10, 2023, 8:29 pm
You have four options available for your 401(k) plan when changing jobs... yet almost half of job changers cash out. A Harvard Business Review study found that approx. 41% of employees took a cash distribution when changing jobs... and 85% of those people cashed out the entire balance! This is called retirement leakage, and cashing out can be detrimental to your long-term financial and retirement health. In this episode I discuss the four options available, why people cash out their... continue
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Ep 18: Making better decisions!
April 3, 2023, 1:09 pm
Making better decisions requires an effective and structured process.Consistently following such a process can be challenging, especially when emotions come into play. Emotions can cloud our judgment and steer us away from the logical path. This generally leads to suboptimal outcomes.The natural goal is to consistently achieve good results by following a reliable decision-making process. However, in high-pressure situations, our emotions can derail our efforts to do so. This episode of the Financial Purpose podcast offers an insightful visual aid... continue
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Ep 17: Drift - The Continuum of Mental Health and Money
March 23, 2023, 1:13 pm
Since the pandemic, I have observed a drift in how people approach financial matters. People are slow to make important financial decisions, but faster to seek safety in times of volatility. In this episode of the Financial Purpose Podcast, I’m joined by Jamie L. Born, LCSW, CCTP to discuss how the continuum of mental health plays a role in money decisions. We discuss "Big T" and "little t" trauma, when you might be reacting from heart vs business (emotion vs... continue
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Ep 16: Banks and playing chicken with the Fed
March 13, 2023, 8:26 pm
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 15: Is your financial advisor a fiduciary?
March 10, 2023, 2:47 pm
Watch this episode here: https://youtu.be/HynJE7IH_l8 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 14: 5 tips for financial motion sickness
February 28, 2023, 9:26 pm
Have you ever been on a boat in rough waters? Or on a super fast-spinning ride? How about the back seat of a car on a mountain road. These are some of the times when you might feel motion sickness.The same is true when going through a major change in your life or when processing grief. These times can cause financial motion sickness.In this episode of the Financial Purpose Podcast, I discuss 5 tips for avoiding financial motion sickness, including:1)... continue
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Ep 13: Words
February 20, 2023, 3:51 pm
It's not just what we say or how we say it... it's also the words we use when doing the saying.In this episode I discuss the importance of having the same understanding of the words we use, specifically around money and in the advisory relationship. I also ask the listener the same question I ask in my first meeting a prospective client: if you could describe how you feel about money - today - using only one word, what's the... continue
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Ep 12: Burn the boats
February 7, 2023, 5:42 pm
Starting and running a business can be scary. Many fail. To increase your chances of success, you might have to burn the boats.In 1519, Hernán Cortés led a large expedition consisting of 600 Spaniards, 16 or so horses, and 11 boats to Mexico on a do-or-die treasure hunt. Upon arrival, Cortés made history by destroying his ships, leaving his crew no other alternative but success in their mission.Listen to Episode 12 Burn the Boats - The Financial Purpose PodcastThis episode... continue
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Ep 11: Recession and other scary words
January 31, 2023, 2:58 pm
When you hear the word RECESSION, what goes through your mind? How does it make you feel? Is it a scary word? Or, is it an opportunity word?With words like RECESSION, we have three factors to consider:1) The things we can control (government, the Fed, the market, etc.), which influences...2) Changes in your financial results (the numbers), which influences...3) Your emotions around the first two factorsIn this episode, we'll cover all three factors and give a couple tips on how... continue
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Ep 10: Spaghetti and financial planning
January 17, 2023, 2:59 am
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 9: Where is the market headed in 2023?
December 22, 2022, 12:46 am
Where is the market headed in 2023?The real question is where is the Fed going in 2023?One year ago, the Fed was suggesting that the inflation we were seeing was transitory. I was suggesting my clients that possibly it was not, and as it turns out inflation stayed around for all of 2022 and persists.This time last year, the federal funds rate was essentially 0.08%; it’s now sitting at about 3.78%. The last time we saw fed funds rate that... continue
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Ep 8: The "If you give a mouse a cookie" effect
December 16, 2022, 11:45 pm
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 7: Holidays and financial insecurity
December 5, 2022, 6:06 pm
The holiday season can be a time of joy and making new memories, or it can be a time of expectations that create stress and pressure around giving. This time of year can distort the heart vs wallet dynamic, which can lead to financial securities being expressed in a lot of different ways. In this episode we reflect on how the holidays have a unique way of exposing financial insecurities all over the wealth spectrum. Listen as I share my... continue
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Ep 6: Credit cards? Yes, no, maybe, depends...
November 29, 2022, 9:50 pm
Articles cited: https://www.cnbc.com/2022/11/15/household-debt-soars-at-fastest-pace-in-15-years-as-credit-card-use-surges-fed-report-says.htmlhttps://libertystreeteconomics.newyorkfed.org/2022/11/balances-are-on-the-rise-so-who-is-taking-on-more-credit-card-debt/https://fred.stlouisfed.org/series/PSAVERT This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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Ep 5: Crypto (won't say I told you so, but...)
November 18, 2022, 7:10 pm
In this episode I discuss the promises made and broken by crypto, as exemplified by the recent blow up of SBF and FTX. Also, how decentralization in crypto is a pipe dream thanks to the efforts of the NY Fed and large banks in creating a digital dollar pilot. Crypto is not living up to billing - and I won't say I told you, but it's pretty darn close. This is a public episode. If you would like to discuss... continue
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Ep 3: Better to have financial goals or financial direction?
November 9, 2022, 10:18 pm
One of the most common questions advisors ask prospective clients is: “what are your financial goals?” I happen to think it's a bad question.Financial services firms market a goal-centric approach to the general public. With this question, advisors are communicating that you need to have specific and well-defined financial goals in order to get somewhere.Let’s explore this concept and decide if it’s better to have a financial goal or a financial direction. This is a public episode. If you would... continue
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Ep 4: What is your financial purpose?
November 9, 2022, 10:06 pm
What exactly is financial purpose?It’s the underlying reason behind your financial decisions, rooted in your values and priorities. This goes beyond just dollars and cents, helping you make decisions that align with what matters most to you.By focusing on your financial purpose, we shift the conversation from affordability to achieving what’s truly important.Listen to discover how the core element of our approach to financial advice centers around your financial purpose. This is a public episode. If you would like to... continue
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Ep 2: Right on Track?
November 8, 2022, 1:13 am
In this episode I go back to November 2017 to establish a trend line from that time to November 2022. Given all the volatility since then, is the market actually right on track?One important note about trend lines: depending on where you draw them, you can communicate a variety of messages.This post gathers inspiration from this tweet: https://twitter.com/SouthernAdvicer/status/1587514476391469057Be sure to check out the blog post for this podcast to see the charts and figures referenced: https://thefinancialpurpose.substack.com/p/right-on-track This is a public... continue
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Ep 1: Set point theory
November 5, 2022, 12:23 am
Have you ever heard of set point theory? At it relates to health, set point theory essentially states that your body has a normal set range for weight. Ever go on a cycle of diet and exercise, lose weight, only to see it return?Financial considerations are like bodies - everyone is different, and what works for some may not work the same for others. This is part of the work of financial planning - understanding how changes in your financial... continue
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