Sound Financial Bites

CORRECTION: Updated landing page: 130.sfgwa.com In this episode of the Sound Financial Bites Podcast, Paul and Cory break down a recent Kiplinger article to show how financial media should be viewed and consumed. Financial literature, for the most part, is written for the benefit of advertisers and it is imperative that the audience views them with a healthy amount of skepticism and concern. Paul and Cory discuss the importance of understanding opinion from fact, gathering those facts and then questioning what financial impact this information has on us as individuals. For full show notes, including a FREE PDF of the transcription, visit: http://www.sfgwa.com/blog This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial

This episode of the Sound Financial Bites Podcast tackles a topic that is central to our financial and physical wellbeing: healthcare. Paul Adams and Cory Shepherd welcome primary care physician Dr. Paul Thomas to discuss his practice, Plum Health, and the innovative strides he is making in the healthcare industry. Dr. Paul’s mission is to make healthcare accessible to those who cannot afford it and those who are fed up with the time, energy and money spent on traditional methods. For full show notes, including a FREE PDF of the transcription, visit: http://fullcast.co/sfb-129 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented

Welcome back to the final episode of this three-part series on Near Misses, Actual Tragedies, & Disciplined Strategies. In this episode, Paul Adams and Cory Shepherd discuss eight strategies that can be used as guiding principles for overall financial well-being. The first five are practical applications that almost anyone can do like setting up a wealth coordination account or practicing building a portfolio. The other two are more philosophical in nature and are meant to challenge the audience to think differently about finance. Paul and Cory discuss the importance of cash flow as it pertains to building wealth. Building an academically allocated and globally diversified portfolio is also a key component to increasing that wealth. They talk about protecting wealth through various strategies such as umbrella insurance. Finally, Paul warns against those who try to use the stock market to outsmart and beat the market. The best way to outperform and increase wealth is by utilizing disciplined strategies, so

In this episode, Paul talks about the appropriate actions to take and ones to avoid to weather any financial storm that may come our way. Paul opens up the show by honing in on three factors: new year, rough markets and new behavior. For full show notes, including a FREE PDF of the transcription, visit: http://fullcast.co/sfb-127 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guarantee

In this episode, Paul speaks about his motivation for starting the podcast, Sound Financial Bites. For full show notes, including a FREE PDF of the transcription, visit: http://fullcast.co/sfb-126 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed he

In this episode, we talk about the government shutdown and the personal and financial lessons we can learn from it. It’s impossible to know what the future holds, so it’s important for us to plan for our own ‘government shutdown,’ or unforeseen financial hardship. Paul identifies three simple, yet effective, steps to build a sound financial foundation in order to weather even the worst shutdowns. For full show notes, including a FREE PDF of the transcription, visit: http://fullcast.co/sfb-125   This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitati

Welcome back to part two of the three-part episode on near misses, actual tragedies, and disciplined strategies. In this episode, Paul Adams and Cory Shepherd discuss case studies of real-life financial tragedies they have witnessed throughout the course of their careers. Paul begins with a tragic story of a wealthy man who waited too long to purchase life insurance and the financial devastation it caused his family. For full show notes, including a FREE PDF of the transcription, visit: http://fullcast.co/sfb-124 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an

Episode 123 - Near Misses, Actual Tragedies, & Disciplined Strategies, Part 1 In this episode of the Sound Financial Bites podcast, host Paul Adams & co-host Cory Shepherd begin a three-part series sharing true stories of near misses, actual tragedies, and disciplined strategies from their combined 30 years of experience. The case studies shared in this episode involve disability insurance, the power of cash flow, real estate decisions, making wise decisions in your white coat window, Backdoor Roth IRAs, and navigating through the downturn of 2008. For full show notes, including a FREE PDF of the transcription, visit: www.sfgwa.com/blog/podcast-episode-123-near-misses-actual-tragedies-disciplined-strategies-part-1 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and

Episode 122 - Basics of Debt, Part 2 - Dealing with Mortgages In this episode of the ​Sound Financial Bites podcast, host Paul Adams and co-host Cory Shepherd tell the tale of two sisters. One of them paying off her mortgage over 15 years, and the other over 30 years. Through this allegory, Cory and Paul discuss how to pay off your house in a manner that gives you the most freedom. Their conversation covers the basics of mortgage payment plans, the reason that banks benefit from the 15-year plan, and simple interest debt versus compound interest growth. For full show notes, including a FREE PDF of the transcription, visit: www.sfgwa.com/blog/podcast-episode-122-basics-of-debt-part-2-dealing-with-mortgages This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific

In this episode of the ​Sound Financial Bites podcast, host Paul Adams and co-host Cory Shepherd talk about their investment philosophy with highly specific analytics to back up their claims. The conversation covers the history of the market, volatility, debunking financial industry myths, and the concrete evidence that an academically allocated & globally diversified portfolio provides the strongest and most reliable return over a longer period of time. For full show notes, including a FREE PDF of the transcription, visit: http://www.sfgwa.com/blog/podcast-episode-121-inbetweenisode-the-sky-is-falling This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered inv

In this episode of the ​Sound Financial Bites podcast, host Paul Adams and co-host Cory Shepherd talk about the basics of debt and pull back the curtain of the automobile leasing industry to help you make wiser purchases for your long-term financial health. In this conversation, Cory breaks down the myth of a zero percent car loan and Paul explains the full disclosure of the 2019 BMW i8 car lease. For full show notes, including a FREE PDF of the transcription, visit: www.sfgwa.com/blog/podcast-episode-120-basics-of-debt This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educationa

In this episode of the ​Sound Financial Bites podcast, Paul Adams and Cory Shepherd continue their series on maximizing the white coat window by discussing best practices in investing. Through their conversation, Paul and Cory debunk more myths of the financial advising industry. They talk about the three primary investment strategies, understanding the benefits of volatility, and how to structure your finances for long-term growth by annually rebalancing your investments. For full show notes, including a FREE PDF of the transcription, visit: www.sfgwa.com/blog/podcast-episode-119-invest-like-a-nobel-nerd  This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is

In this episode of the ​Sound Financial Bites podcast, Paul Adams and Cory Shepherd discuss how seeing the big picture of the financial industry can strengthen your resolve to persevere through short-term fluctuations and set you on the path to definite financial independence. Their conversation shares the not-so-secret motivations of financial institutions, debunks the myth of beating the market, and breaks down the world of mutual funds. For full show notes, including a FREE PDF of the transcription, visit: www.sfgwa.com/blog/podcast-episode-118-what-you-don’t-know-is-hurting-you This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. 

In this episode of the ​Sound Financial Bites ​podcast, Paul Adam’s sits down with co-host Cory Shepherd to continue the conversation on the importance of assets in achieving a work-optional lifestyle. Paul and Cory share a concise overview of season 4 for new listeners, talk about acquiring fun assets that still bolster wealth, and provide concrete advice about cash flow and the logistics of wealth-management. For full show notes and PDF of the full transcription, visit: www.sfgwa.com/blog/podcast-episode-117-stop-saving-money-start-building-assets-part-2 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Informati

In this episode of the Sound Financial Bites podcast, Paul Adam’s sits down with co-host Cory Shepherd to talk about the key to a work optional lifestyle: building assets. They share their philosophy of building assets and confront some of the unwise decisions that many Americans are making on their personal balance sheets. Through their conversation, Paul and Cory strive to make sure that you are taking care of your future self through the financial habits and practices that you live out today. For full show notes, including a FREE PDF of the transcription, visit: www.sfgwa.com/blog/podcast-episode-116-stop-saving-money-start-building-assets-part-1  This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financi

In this episode of the ​Sound Financial Bites ​podcast, Paul Adam’s sits down with co-host Cory Shepherd for part two of “Protecting Your Window.” They provide sound advice for maximizing the window of time around a significant income boost to protect you and your family and design and build a good life. Paul and Cory’s dialogue focuses on the value of disability insurance, how to effectively plan wills and trusts, and the tried-and-true benefits of saving cash. For full show notes, including a FREE PDF of the transcription, visit:  www.sfgwa.com/blog/podcast-episode-115-protecting-your-window-part-2 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a regis

In this episode of the ​Sound Financial Bites ​podcast, co-hosts Paul Adams and Cory Shepherd sit down to discuss how to make the wisest decisions towards long-term protection during your White Coat Window. Paul and Cory talk about common mistakes they have observed in insurance structures, talk about the protective benefits of umbrella insurance, and provide a formula for determining how much umbrella insurance you need to design and build a good life. For full show notes, including a FREE PDF of the transcription, visit: http://www.sfgwa.com/blog/podcast-episode-114-protecting-your-window-part-1 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered inve

In this episode, Paul Adam’s sits down with Cory Shepherd to introduce season four of the ​Sound Financial Bites podcast and to explain the White Coat Window. The White Coat Window refers to the period of time immediately after someone experiences a substantial increase in income, which leads to a series of critical financial decisions. Paul and Cory discuss how to navigate the White Coat Window to avoid financial ruin and strike the balance between increasing your quality of life and pursuing long-term financial health. For full show notes, including a FREE PDF of the transcription, visit: http://www.sfgwa.com/blog/podcast-episode-113-what-is-the-white-coat-window This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

In this episode, Paul dispels the myth of “finding balance” in life and gives practical advice on why and how to allocate money in short, mid, and long-term buckets. He talks about how to be more effective in reaching your life goals by designing disciplines that benefit multiple facets of your life. Towards the end, Paul explains the two primary methods for mid-term savings and shares a sneak peek about two upcoming books from him and Cory Shepherd. For full show notes, including a FREE PDF of the transcription, visit: http://www.sfgwa.com/blog/podcast-episode-112-orchestrating-short-mid-long-term-buckets This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registe

In this episode, Paul sits down with an anonymous friend and client of Sound Financial Group who shares a series of traumatic experiences in 2016 which led to using his disability insurance. Paul and his friend share a somber conversation recalling these traumatic events and implore listeners to take a deeper look at their current disability insurance plans. For full show notes and to download a FREE copy of the transcript for this episode, visit: http://www.sfgwa.com/blog/episode-111-the-worst-case-scenario This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not