In our latest episode of Money Therapy, we tackle a pervasive yet often overlooked threat to financial stability: INFLATION.  Join hosts Brandan Chasteen, CFP® and Bill Magill as we unravel the complexities of inflation and its far-reaching implications for personal finance. Brandan kicks off the episode with a captivating reflection on the passage of time shedding light on the staggering impact of inflation on consumer goods over time. We explore the historical trends of inflation in the United States, tracing its trajectory from the volatile peaks of the 1970s to more subdued rates i ..read more

In our latest episode of Money Therapy, we explore our participation and weather and what that can teach us about investing. Join hosts Bill Magill and Brandan Chasteen, CFP® as they discuss preparation versus control! The episode begins with a candid exploration of the human tendency to seek control over unpredictable forces, drawing parallels between our attempts to control the weather and our aspirations to master the financial markets. Despite our best efforts, both realms remain largely beyond our influence, governed by complex and unpredictable dynamics. Amidst recent market fluctuatio ..read more

In our latest episode of Money Therapy, Brandan Chasteen discusses the power of belief versus the endless and catastrophic pursuit of "trying harder."  Drawing from a wealth of experience and insights, Brandan explores how focusing on beliefs, values, and personal growth can lead to greater success and fulfillment than focusing on skills, tools, and trying harder. Brandan challenges the conventional wisdom that success is solely determined by effort and hard work. Instead, he suggests that true success lies in cultivating the right mindset and belief system. By shifting our focus from t ..read more

In our latest episode of Money Therapy, Bill Magill and Brandan Chasteen, CFP® dive deep into the profound impact of belief systems on our lives, particularly when it comes to financial success.  Brandan shares insights gained from decades of leadership experience, highlighting how our beliefs can either empower us to reach our goals or act as barriers to our success. Throughout the episode, Brandan challenges listeners to examine their own belief systems and question whether they are serving them well. He emphasizes that many of us are victims of our own limiting beliefs, which can hin ..read more

In our latest episode of Money Therapy, Bill Magill and Brandan Chasteen, CFP, dive into a thought-provoking discussion about the role of financial education in schools versus the home. We explore a viral story of a teacher who has established a 'classroom economy' using Monopoly money in hopes of teaching kids all they need to know about money... and people love it! Well, everyone except Brandan.  While it's true that most schools lack comprehensive financial literacy programs, Brandan argues that this is not necessarily a problem. In fact, he goes as far as to suggest that financial e ..read more

In our latest episode of Money Therapy, we're tackling common misconceptions about money that act as barriers to building wealth. It's time to challenge the assumptions holding you back from achieving your financial goals and living your best life. "Investing is No Different Than Gambling": We'll explore why investing is not a game of chance but a strategic approach to growing your wealth over time. Learn how to distinguish between informed investment decisions and reckless speculation. "I Don't Have Enough to Work with a Financial Planner": We'll address the misconception that financial ..read more

In this episode of Money Therapy, we're challenging the conventional wisdom surrounding market fluctuations and account values. While it's common to obsess over market volatility and portfolio performance, our focus may be misplaced. We've been conditioned to prioritize the ebbs and flows of the markets, often leading to heightened anxiety and fear. However, this fixation on market movements distracts us from more pressing concerns that we have control over and can significantly impact our lives. During conversations with my wealthiest clients, I've noticed a distinct shift in priorities. In ..read more

In our latest episode of Money Therapy, we're diving deep into the concept of "Normal Market Rhythms" and the crucial role they play in investment behavior. While the fundamental principle of buying low and selling high is widely known, it's essential to recognize that markets don't move in a straight line. In today's fast-paced world of news and media cycles, there's a tendency to sensationalize market fluctuations, portraying them as unprecedented disasters. However, research indicates that markets experience multiple pullbacks and corrections nearly every year. Rather than succumbing to fe ..read more

Join us as we explore the critical importance of SIMPLY paying attention to our finances and how it can lead to tangible results. In today's cashless and automated society, it's easy to become oblivious to our spending habits and the consequences extend far beyond mere unknown financial transactions. In this episode, we discuss how being oblivious can increase the anxiety that arises when we start thinking about our money. We offer a sensible and proven process that can enhance financial awareness. We discuss practical strategies for breaking free from the "ignorance is bliss" pitfall and i ..read more

3 types of people: 1. Person number one - Perhaps you just can’t figure out how to make ends meet. The idea of living paycheck to paycheck to you is just hoping you don’t run out completely before the next paycheck hits. Every turn, every corner of life is traumatic because you cannot afford anything else going wrong. 2. Person number two - You’ve been at it a while and things are starting to seem a little easier. You have enough for savings now and you feel good about the income you have… you are probably in a place where you are making more than you ever thought you would (and can’t even f ..read more