Emotional Balance Sheet with Paul Fenner

Research shows that parents are the most influential factors in their kids' money life development. What you model to your kids growing up lays the foundation for how they think and treat money into adulthood. So how do you model good financial decision making for your kids? How do you even begin to talk with your kids about money? Rebecca Maxcy is director of the UChicago Financial Education Initiative at the University of Chicago and leads a team of researchers who help parents talk with their kids about money. Rebecca and her team have created a unique approach that focuses on the person, behaviors, and values of money vs. dollars and cents. Rebecca's research has found that across the nation, financial education varies by state and school district. This means most parents have to take the lead when it comes to their kids' financial education. Financial education, similar to financial planning, never ends. It evolves continuously, and as parents, we can have a significant influence in setting our kids up for financial success by being open and having money conversations. Please enjoy my conversation with Rebecca Maxcy. For show notes and resources discussed in this episode, visit tammacapital.com/19. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

How does a husband, father of two girls, and entrepreneur whose business pre-COVID required him to be on over 150 planes a year crisscrossing the country be the light that his family needs him to be? Knowing who you are and what you want as a person, spouse/partner, and parent are the critical elements that help people keep stress and financial strife out of their relationships. An essential component that allows Dennis Mosley Williams to do this is quite simple, every 60 days, have something fun to look forward to. Dennis talks with great passion about building and living for the memories and experiences of life, not status or material possessions that people think may make them happy. Please enjoy my conversation with Dennis Mosley Williams. For show notes and resources discussed in this episode, visit tammacapital.com/18. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

No matter if you are in a job transition, looking for a new career, trying to grow your business, or simply wanting to expand your knowledge, networking is a skill that should be in your toolset. But how do you network in the age of CVOID when most everything is virtual? Terry Bean, a foremost expert in networking, especially within LinkedIn, discusses how to utilize social networks best to help you give and get the support you need and want. The first step of networking successfully is to be intentional about what you are trying to accomplish. Determine what specific solution you are trying to solve, who you know that can help you solve it, and how you reach that person or group. Please enjoy my conversation with Terry Bean. For show notes and resources discussed in this episode, visit tammacapital.com/17. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Am I going to be okay? The question—not explicitly about money is posed by everyone from the ultra-wealthy to the just-getting-by, from the retiree to the just-getting-started. No matter the lifestyle, accent, politics, or favorite sports team, everyone I meet wants to take care of their families, remain or get healthy, be generous to others, enjoy their hobbies, and excel at work. These words set the stage for Brian Portnoy's book, The Geometry of Wealth: How to Shape a Life of Money and Meaning. These remarks also set the foundation for an in-depth conversation with Brian, which also included key thoughts and takeaways from his latest book, How I Invest My Money. Brian and I also discuss experienced happiness, which comes and goes, vs. reflective happiness, which requires work. I strongly encourage you to give Brian's book a read and be sure to check out the other resources we discussed during our talk. Please enjoy my conversation with Brian Portnoy. For show notes and resources discussed in this episode, visit tammacapital.com/16. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

The fastest way to create strife within your finances is to marry or partner with someone who has wildly different spending expectations. Layer on considerable amounts of debt, either from student loans or credit cards, can be a recipe for disaster. Mike & Lindsay Dillon may have been headed down this road, but then something changed. They changed their mindset and decided to partner together rather than blame one another for their differing financial management styles. Lindsay and Mike talk about how their emotions changed about money when they started working together and seeing their debt levels begin to go down significantly. They realized that their debt was a heavy load to carry, which they could feel, bringing down their relationship and family. The couple shares intimate details about their struggles and triumphs when it comes to their wealth management plan in hopes of being able to help other couples who may be in similar situations. Please enjoy my conversation with Lindsay & Mike Dillon For show notes and resources discussed in this episode, visit tammacapital.com/15. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Timing in sports, just like life, can take you to places that you would never think twice about. When one door of opportunity closes, do you have the courage to open another door? Today's conversation with former professional baseball pitcher turned family entrepreneur Anthony Tomey is focused on Anthony's story to take a risk and open a new door of opportunity when he decided to end his professional sports career. Anthony and his family started with one Jimmy John's franchise nearly two decades ago while Anthony was a pitcher in the Detroit Tigers minor league system. Since then, they have grown their business into 50 Jimmy John's franchises in the Metro Detroit, MI area. Anthony dives into the details and complexities of running a family business with his Dad, Uncle, Sister, and Brother, with all the challenges and opportunities it can bring. Anthony speaks candidly about the difficulties of managing the business's needs while wanting to be present for his boys and the balance he seeks to try to make it all work together. Please enjoy my conversation with Anthony Tomey. For show notes and resources discussed in this episode, visit tammacapital.com/14. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

How worried should we really be about kids and tech? With kids on devices more than ever due to virtual learning, where is all of this heading? And what should we actually do about it? Today I speak with Anya Kamenetz, the author of The Art of Screen Time: Digital Parenting Without Fear. Anya is also an education correspondent for NPR, and her work can be found in The New York Times, The Washington Post, New York Magazine, Slate, and O, the Oprah Magazine. Specifically, we talk about the effects that screens can have on our children's eyes, sleep, stress levels, and shared family time. Our conversation dives deep into the research on these topics and more that Anya pulled together to write her book and other subsequent articles that she has written on kids and digital devices. Please enjoy my conversation with Anya Kamenetz For show notes and resources discussed in this episode, visit tammacapital.com/13. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Have you ever wondered how a chance encounter with a stranger could change the total direction of your life? How life planning meets your calling and creates a new journey for you. This episode is focused on the story of an impressionable young college student whose life would be changed by a 10-year old girl named Casey Foote who was battling cancer. In my conversation with Molly Reeser, Molly shares the details of her attending Michigan State University and working part-time teaching horseback riding lessons. A job that would lead her to meet a young girl whose journey with cancer led Molly to start Camp Casey. Camp Casey's mission is to provide safe, fun experiences for children and families affected by childhood cancer, rare blood disorders, and other life-threatening illnesses through accessible horseback riding programs. Please enjoy my conversation with Molly Reeser. For show notes and resources discussed in this episode, visit tammacapital.com/12. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Are you concerned about college and career planning for your children? While this stage in your kids' lives can be an overwhelming and emotional experience, it doesn't need to be with open lines of communication and good planning. This week I speak with Noelle Essig, College & Career Counselor in the West Bloomfield School district located in Metro Detroit. Noelle brings decades of experience working with students and families to help navigate them through the career and college planning processes. Be sure to follow Noelle on Twitter @NoelleEssig and for additional resources along with our show notes! Please enjoy my conversation with Noelle Essig. For show notes and resources discussed in this episode, visit tammacapital.com/11. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Going through a job transition can be an emotional situation for most people in corporate America. But what about transitioning from military life to civilian life? Today I speak with Bill Kiefer, a corporate executive, coach, speaker, and former officer in the U.S. Army who has experienced career and life transitions from virtually all angles. In our conversation, we discuss the difficulties of career transitions, especially for veterans transitioning from military life into civilian life. The obstacles everyone faces during a professional or personal transition, but also the keys to success in helping you define what success could look like and a path forward. Please enjoy my conversation with Bill Kieffer. For show notes and resources discussed in this episode, visit tammacapital.com/10. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Who wouldn't want to provide their family with peace of mind during an emotionally difficult life situation such as losing a loved one? Or the ability to tell your story about how you would like your children to be cared for when you are no longer able? There are many misconceptions about what an estate plan is and isn't, but one thing is for sure, it allows you to tell your story on how to protect your family and provide them peace of mind when you need it most. This week I speak with estate planning attorney Kristen Rajagopal, Founder of Bequest Law in Atlanta, GA. Kristen walks us through what four critical documents make up a complete estate plan. Documents that help us through incapacity, to documents that help us protect our children and those who mean the most to us when we are no longer here. Please enjoy my conversation with Kristen Rajagopal. For show notes and resources discussed in this episode, visit tammacapital.com/9. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Have you ever thought about making a mid-life career shift while raising a family? A change to a completely unrelated career you already spent thousands of hours and multiple degrees to pursue? This week, my guest is Jillian Moutafis, a leading real estate agent in the Metro Detroit area. The mother to three girls, Jillian, discusses her non-traditional journey into real estate from being an elementary school teacher for 12 years before deciding to make a career change. Jillian talks about why she decided to change to a more flexible career that would allow her more time with her three daughters. Changing careers is a topic that many parents grapple with. Jillian talks about the struggle to make it work, especially in the early years, when she lost money as a realtor. And how she tried being both a teacher and real estate agent part-time, and the sign she received that finally pushed her to go into real estate full-time. Please enjoy my conversation with Jillian Moutafis. For show notes and resources discussed in this episode, visit tammacapital.com/8. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

What if the business that you had worked your entire life to build suddenly had to shut down? During the COVID pandemic, you likely heard of many companies that had to shut down abruptly. However, what if your business was in the medical field that put yourself and your entire family at risk? My guest this week is Dr. Pat Qatsha, a Dentist and owner of Dream Dental. This is precisely the situation that Pat faced with his business and family. To make the situation even more complicated, Pat, wife Sonia, a Physician Assistant, was also working on the front lines of the COVID battle. We talk about Pat's personal battle pre and post COVID to balance running and growing a business, his spouse with a demanding career of her own while raising their three young children. A relatable challenge for most entrepreneurs, especially those with families. Please enjoy my conversation with Dr. Pat Qatsha. For show notes and resources discussed in this episode, visit tammacapital.com/7. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

As someone who has dealt with migraines for most of my life, stress management has always been a critical component of managing my migraines. But like most people with multiple kids, a demanding career or business, and a plethora of tugging priorities, managing stress can be extremely difficult. Additionally, to help manage my migraines, I turned to the field of Chiropractic. Chiropractic care can often be misunderstood. To explain what Chiropractic care is and isn't, my guest this week is Dr. JR Muldoon, a Chiropractic Neurologist and owner of NeuroLogic Chiropractic Center. In our conversation, we discuss how JR chose to focus on the niche field of neurology within the Chiropractic space, making him a leader within the field and how that translates into better care for his patients. JR talks about the changes he has seen in his patients, both mentally and physically, due to the impacts of COVID-19. Please enjoy my conversation with Nick Raich. For show notes and resources discussed in this episode, visit tammacapital.com/6. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Are you curious as to why the stock market has skyrocketed higher when the economy feels stuck in first gear during this global pandemic? Or why, when a company reports great earnings, its stock price can go down? This week I speak with Nick Raich, Founder, and CEO of the Earnings Scout. The Earnings Scout is the premier provider of corporate earnings data and trend analysis. Full disclosure I am a client of the earnings scout and utilize their data in making portfolio management decisions for clients at TAMMA. In our conversation, we dive into the markets' mechanics and talk about the variables that drive stock prices. We answer the question of why the stock market is not disconnected from the economy, as so many financial pundits would like you to believe. Please enjoy my conversation with Nick Raich. For show notes and resources discussed in this episode, visit tammacapital.com/5. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

Have you ever wondered why you pay what you pay for auto and homeowners insurance, also known as property and casualty insurance? Did you know that there is a greater emphasis on tickets and accidents and frequency and severity on your insurance rates for both auto and home, respectively than any other factors from a cost perspective? Shayna Levin, a mom of twins, licensed property & casualty insurance agent, and owner of Levin Insurance Agency with her husband, Jeff, talks about all facets of the property and casualty insurance landscape. Specifically, for families with young drivers just starting, Shayna identified three ways to reduce your auto insurance costs. Please enjoy my conversation with Shayna Levin For show notes and resources discussed in this episode, visit tammacapital.com/4. For more episodes, go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

My guest this week is Sandy Hodde. Sandy is a certified professional English Language Arts and Social Studies educator and taught at the high school level for 22 years. After seeing increases in high school class sizes, Sandy decided to launch her own business, Your Coach for College, to help prepare and teach kids the skills they would need to succeed in college that they weren't receiving in high school. In our conversation, we discuss some critical skills such as note-taking, listening, and forming good study habits that Sandy identifies as being missed within the current education system. Sandy points out why you should help develop these skills with your kids early in middle school years. Please enjoy my conversation with Sandy Hodde For show notes and resources discussed in this episode visit tammacapital.com/3. For more episdoes go to tammacapital.com/podcast. Follow Paul on Facebook and LinkedIn. And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.

My guest this week is Dr. Laura Hutchison, a licensed psychologist, specializing in helping children and their families. Laura's private practice offers psychotherapy for children aged 2 - 12, teen girls, women, and families using a humanistic, client-centered approach. As a Play Therapist Supervisor (RPT/S), Laura also supervises clinicians and is the founder/director of the Michigan Play Therapy Training Academy that provides high-quality, affordable play therapy training for clinicians. Along with being a therapist and entrepreneur, she is the proud mom to son, Henry, and daughter, Honor. Many people know Laura as Dr. H through her blog Play Dr. Mom that focuses on her experience being a play therapist and mom. In our conversation, we talk about the critical importance of self-care for parents when it comes to having the ability to take care of our families. Communication between spouses and partners is now more crucial than ever to ensure that we are taking the time to stop, listen, and reflect on what is being said between each other. Parents should recognize that it's okay to make mistakes and that we should be able to tell our spouse, partners, and kids that we are sorry. Laura stresses that how we handle these situations shows the behavior that we want to model to our kids. Laura discusses the impact that stress can have upon our kids and how each kid handles stress differently, similar to how adults handle stress differently. Being in tune with how your child handles stress will help you determine what strategies you can you to best help your child. Finally, Laura points out that the average person needs eight hugs per day. During times of stress such as COVID-19, adults and kids need even more personal attention. Laura's advice is not to be afraid to show emotion to your kids. I have a lot of hugs to give out every day. Please enjoy this conversation with Dr. Luara Hutchison Resources Featured In This Episode: Back to School During a Pandemic The Gottman Institute - Dr. John Gottman one of the Top 10 Most Influential Therapists of the past quarter-century by the Psychotherapy Networker Play Dr. Mom Dennis Mosely-Williams The New Definition of Family Office

My guest this week is Scott Kapeller, a leader in pharmaceutical sales and, more importantly, the father of triplet girls. Scott is a good friend and neighbor of mine in which we share a lot of similar life experiences, one of which is being the father of triplets. One of the life-changing experiences that Scott and I share is that we both went through a significant job loss within our careers. I can always see with great clarity the day I was delivered the news that I was no longer wanted. Scott explains, getting the dreaded text, "I know you're traveling can you call-in quickly." Being 1,800 miles away from home and thinking nothing of what this call was about, Scott called into the home office and learned of an unanticipated fate. In our conversation, Scott walks through the emotional roller coaster that began on that fateful day. Although he thought that hearing the news that he was being released was the bottom, Scott later learned that he wasn't even close to the bottom. Scott published his journey on LinkedIn in what he refers to as his manifesto. Within it, Scott lays out five valuable lessons that all job seekers could benefit from, especially during these trying times of COVID-19 with so many layoffs and restructurings. In addition to Scott's five lessons, he also provides his insights into five tips that you should be doing if you're not employed or even if you are employed that will help you get through this life transition, which includes paying it forward. Paying it forward is another characteristic that Scott and I share, which means helping others during their time of transition, just like there was likely someone who helped you during your time of transition. Don't be the person who receives a call from someone in need and doesn't return it. Finally, Scott talks about the impacts of losing his job had on his family. The sometimes challenging conversations that he had to have with his wife and triplet daughters. Going through a job transition can put additional stress on a relationship, especially between a spouse or partner, so be sure to have a network of people you can talk with outside of your immediate family. Please enjoy this conversation with Scott Kapeller. Resources Featured in This Episode: Scott Kapeller The Go-Giver Summer of Scott: Reflections of a Layoff - Scott's LinkedIn Manifesto 4 Retirement Account Options After a Job Change What Would You Consider to be Your Most Valuable Asset?