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A New Financial Conversation

The Dollar Derail

Guide Financial Planning's Ben Wacek joins Zach Ashburn of Reach Strategic Wealth on Christian financial podcast The Dollar Derail for some quick conversations to change your financial train of thought.

The Dollar Derail is intended for general information and entertainment purposes only and should not be considered investment, tax, or legal advice or as a recommendation for the purchase or sale of any security.


Episode 2.15: How Should I Pay for House Projects?

Your home is likely to be the most expensive thing you own. How should you go about enjoying it and taking care of it? In today's episode, Ben and Zach talk through the conversations they have with clients about paying for house projects, both big and small. You will hear about how to balance the financial questions with your vision for your dream house and come away with some tips for weighing the options around both.

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Episode 2.14: The Early Retirement Movement

Whether you call it F.I.R.E. (Financial Independence/Retire Early), early retirement, work optional, or just a hope and dream, there is a lot of focus on how and when people can get out of their jobs. In this episode, Ben and Zach have a candid conversation on their thoughts, as financial professionals, around retiring early. Listen in as they breakdown the exciting parts of planning and goal setting and the big pitfalls that could derail your F.I.R.E. goals.

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Episode 2.13: Where Should I Save My Down Payment (and other cash)?

In today's low interest rate environment, it can feel like a mistake to have money sitting in savings. Savers who have great goals and targets may be worried they are sabotaging their long-term success by not making the right money moves. In this episode, Ben and Zach talk through the best ideas on where to keep money you are saving for near-term goals and how to overcome some of the emotional hurdles that stop us from making good decisions with our money.

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Episode 2.12: Where Should I Get Financial News?

How can you cut through the noise to get the information that you need for your finances? In this episode, Ben and Zach discuss how to get quality news while losing the information overload. Simplify your financial life by simplifying your financial news and focusing on the key things to care about.

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Episode 2.11: Should I Go to Grad School?

Grad school is a great example of life and finance intersecting in a challenging way. What things should you consider as you plan your family's future and how do you know if it's worth the money? In this episode, Ben and Zach discuss some of the ideas and techniques behind making this important decision and feeling confident as you move forward.

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Episode 2.10: How to Deal with Concentrated Investments

We often hear talk about "not putting all your eggs in one basket," but what should you do if you find yourself with a successful investment making up a big part of your portfolio? In this episode, Ben and Zach talk through managing concentrated positions and how, if handled well, they can be an important part of your long-term plan. You'll learn about managing your investment portfolio as well as managing your behavior and attitude towards it.

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Episode 2.9: Handling a Hot Housing Market

In this episode, Ben and Zach reflect on the conversations they've been having with clients and planners across the country as they search for dream homes in a seriously hot housing market. You'll hear how they worked through their own house searches, timing the housing market, managing emotions, and finding out how much you can afford.

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Episode 2.8: 529 Celebration!

Today we are celebrating a special holiday in the financial planning world, 5/29! Having just crossed the end of May, we are taking a special deep-dive look at 529 plans and how they work to help you save for college. In this episode, we review some of the technical reasons that a 529 plan might be your best option as well as easy-to-follow planning tips to consider as you review your options. Happy 5/29 from The Dollar Derail!

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Episode 2.7: How We See It - Getting Organized

Ben and Zach have worked with a lot of people to help get their financial lives in order. In this episode, they agree that helping clients get organized may be one of the most valuable things they do through financial planning. If you're ready to hear from experts about how to get excited about your money and what you can do with it, this episode is for you!

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Episode 2.6: How We See It - Taxes

Taxes may be the single most common area where clients feel at a disadvantage. Complex rules, competing strategies, poor communication from experts, and several behavioral biases work together to make it a topic many of us would rather avoid. In today's episode, Ben and Zach talk through how they have come to view taxation as an exciting subject and why they think it may be one of the biggest areas of value that come from the financial planning process. You'll learn how their perspective has changed as they've practiced as professional advisors and how they simplify reviewing tax topics to make it easier to understand for their clients.

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Episode 2.5: How We See It - Insurance

In Part 2 of this special series on How We See It, Ben and Zach talk through how they as advisors view insurance. In this episode, they talk through their perspective on various types of insurance, what a policy's true purpose is, and how they go about reviewing a policy when it lands on their desk. Join in this special conversation to get a real look at how professional advisors simplify reviews of complex subjects.

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Episode 2.4: How We See It - Portfolios

In this episode, we are starting a special series where Ben and Zach are giving you a look at how they see things as advisors when they analyze client situations. Today you'll hear an overview of their different thought processes for reviewing a new investment portfolio when it comes to their firm.

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Episode 2.3: What is Mental Accounting?

Zach is coming to you solo in this special episode to share something that's been showing up a lot lately. Mental accounting is the phrase used to talk about a set of biases that make up our (financial) decision making framework. Put simply, we're talking about how we view our money and how we assign our dollars value.

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Episode 2.2: When Should I Go Into Debt?

Debt can be a challenging financial and emotional issue. It can challenge your relationships and your values as well as your financial health. In this episode, Ben and Zach discuss what debt really is and when, if ever, you should consider using it as a tool to reach your financial goals. Along the way, you'll hear tips on managing debts you may already have and having better conversations with your partner about your (and their) debt.

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Episode 2.1: How Much Life Insurance do I Need?

In today's episode, Ben and Zach discuss how to determine how much life insurance you need and when you might not need any at all. Along the way, you'll hear a few tips on having these challenging conversations from experts who regularly help couples navigate the subject.

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Episode 1.50: An Important Question from Ben & Zach

Today we are celebrating an entire year of The Dollar Derail! Don't miss this special episode as we recap what The Dollar Derail is, what it has meant to use, and what we're looking forward to in the hear ahead. Listen all the way to the end to find out exactly how we need your help to make The Dollar Derail even better for Season 2!

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