Financial Freedom Podcast

The outbreak of the Corona Virus and the recent drop in the stock market has a lot of people worried about their retirement investments. What does the current bear market mean for their retirement? Should they stop investing or keep going? Or if they are already retired, will they be okay, or will they have to go back to work? To answer these questions, I invited back financial planner Michael Karwic to talk about what this means to 20-somethings who have just started investing, 50-somethings who are starting to see retirement on the horizon, and retirees, who are already living on their retirement investments. In this episode you will learn: How the 2020 market drop happened How to deal with a market drop in your 20s How to deal with a market drop in your 50s How to deal with a market drop when you are already retired

I started this podcast in January of 2016 with the hope of providing helpful information to folks either after I had assisted them through a difficult financial situation to keep them moving towards a better financial future or to prevent them from having a difficult financial situation in the first place. Many of the episodes were solo ones where I would discuss a topic in detail in a short enough period of time that you could listen to the whole thing on your way to work. But I also interviewed local businesspeople to elicit their expertise and show how they could help people in my area. This then grew to experts and authors further flung from my office in Woodbury, but still ones that had some great information for listeners. Now that I have reached the milestone of 100 episodes I wanted to look back at some of those interviews and provide some highlights from them that will take you down a path from getting on a good financial track yourself through building wealth, and then doing what's necessary to pass success on to your children. In this episode, you will get a taste of information on: Personal Credit Reports & Scores (2:01) Negotiating Tax Debt with the IRS (13:13) Getting the Most from the Sale of Your Home (20:33) Retirement Investing & Financial Planning (25:59) Business Credit and How to Get It (38:45) Expanding Your Business (49:05) Selling Your Business (55:53) Saving for Your Children's Education (1:04:34) Choosing the Right School & Thinking Like a Rich Person (1:13:58) Listen straight through or skip ahead to the time codes!

Many Americans are living paycheck to paycheck, struggling to make ends meet, and having no plans, or hope for the future. Their only goal is to make it to the next payday, so they can pay the next bill. But unless something changes for them, they will never achieve financial freedom. Which is why in this episode of the podcast I talk about the steps you need to take to break the cycle, pay down debt, plan for unexpected expenses, and be able to dream about the future. In this episode you will learn about: Cutting back in spending and increasing income Breaking out of the debt cycle Developing delayed gratification on non-essential purchases Creating an emergency fund against unexpected expenses

There is a popular saying among entrepreneurs that most people don't go out of business, they grow out of business. This can be due to several factors, including whether to expand at all or just raise prices with demand, whether or not the proper systems are in place pass off effectively to employees those things the owners did themselves, and whether the markets they're expanding into have the requisite demand to produce the desired profits. That's why in this episode of the podcast I talk to Somnath Sikdar who, along with his business partner Lonnie Beck, successfully expanded their martial arts school, Dragon Gym, from one location in Exton, PA, to two more in Berwyn and Malvern.

According to the book, The Millionaire Next Door, seven out of ten American Millionaires are first generation. Unfortunately, this means that 70% of the time, the money mindset that made them rich never got passed down to continue the financial winning streak. That's why in this episode of the podcast I decided to discuss how people can communicate money matters to their children and teach them lessons that will increase the likelihood that they will continue on to financial freedom in adulthood. In this episode you will learn: How to start the conversation with a child as young as 5 Talking to pre-teens about money Getting your child to think like an entrepreneur Getting your child financially ready for life

Getting married is a big step. You are making a lifetime commitment to another person that will be tested in so many ways over time. One of those ways is financial stress, which has caused problems in many marriages, and ended many others, so how you prepare for it before the wedding becomes very important. Because this episode is being released on January 10, 2020, 33 years to the day from when I proposed to my wife, I thought the perfect topic would be a discussion of what a couple should do, from a financial standpoint, to prepare for the big day and their lifetime together! In this episode you will learn: The 4 Financial Issues to Discuss Before Marriage The 5 Money Mistakes That Can Destroy a Marriage Prenuptual Agreements How to Spend Money Wisely on the Wedding