In this episode of Your Financial Advocate, Greg DuPont, founder of Advocate Wealth Solutions, presents the first part of a mid-year market report for 2024. He unpacks what happened in the market during the first half of the year, including the key trends and events.
Tune into Episode 52 and you will learn:
Why the S&P 500 isn’t the only market indicator you should be paying attention to
How inflation and interest rate changes have impacted the market this year
How negative and positive economic indicators could predict what happens in 2025
The role of consumer sentiment in driving market trends
The impact of AI mentions in quarterly earnings calls and stock valuations
How the upcoming November election may affect the market
Don’t miss our next episode where we uncover economic predictions for the second half of 2024 and beyond!
Is your retirement nest-egg safe from the unexpected shifts in global demographics, economy, and trade? Tune in to “Your Financial Advocate” podcast where Greg DuPont explores what the next 15 years may look like for pre-retirees and retirees.
Tune in to this episode and you will:
Grasp the economic, political, and sociological perspectives that could impact your retirement plan in the next 15 years
Gain insight into global demographic changes and how they’re poised to affect the workforce
Understand why being proactive and aware of changing market dynamics is crucial for financial stability
And more!
Don’t miss out on this insightful episode that could change the way you approach your retirement.
In this eye-opening episode, Greg DuPont dives deep into the potential for a massive market correction and the economic shifts we might face. You won’t want to miss Greg’s insights on preparing for financial upheavals and safeguarding your future.
Listen in as we discuss:
Historical Comparisons: They cyclical nature of historical economic “revolutions” and their impacts, drawing parallels to today’s situation
Key Influential Books: Discover key points from Ray Dalio’s “Principles for a Changing World Order” and “The Fourth Turning” by Neil Howe
Debt and Deficit Concerns: Recognize the staggering predictions for U.S. debt and unfunded liabilities by 2032
Tax Implications: Explore the potential for increased taxation as a means to address the growing fiscal imbalance, and how it may affect your family
Personal Financial Strategies: Learn about practical steps to protect your finances, such as Roth conversions and tax-free saving vehicles
Suzanne takes pride in advising her clients in the area of Medicare Supplements, Medicare Advantage Plans, and Medicare Part D Prescription Drug Plans. She thoroughly enjoys learning about her clients and then finding the best insurance solutions to fit their unique and individual needs. As opposed to simply being just their Medicare Advisor, she aspires to be a true guide and looks to form long-lasting relationships with her clients. Helping hundreds of Medicare clients in central Ohio has earned Suzanne multiple sales awards with the various insurance carriers. Including being ranked in the top ten in the state and in the top twenty nationally. Still, she considers being selected as the “Official Medicare Advisor of the Columbus Bar Association” as one of her most prized achievements. Suzanne serves on the board of directors for the Columbus Association of Health Underwriters. She has had the opportunity to travel to Washington D.C. and weigh in on legislation that positively impacts those on Medicare. When Suzanne is not engaged in heroics as the superwoman of Medicare, she is busy being the mom of two teenage boys and a wife to her husband of 20+ years.
Due to enormously high deductibles, many people only see the benefits of health insurance in cases of catastrophic injury.
Josh Kelley’s program aims to bridge the gap between out-of-pocket costs and what health insurance covers. His Self-Insured Medical Reimbursement Program offers additional benefits to employees and saves employers an average of $550 per year per employee.
If your a business owner, this program could provide great benefit to both you and your employees.
Listen, as Greg and Josh discuss:
How to stay competitive in the job market and increase employee retention
The comprehensive wellness benefits provided to employees under this program, including free telehealth and mental health resources
How employees receive an average of $150 per month to spend on supplemental benefits without affecting their take-home pay
Legal compliance and eligibility criteria for businesses considering the program
Josh has been in the insurance industry since 2009. Before insurance, he owned several businesses in the automotive industry and he’s a US ARMY Veteran. He’s married, has 3 daughters, and a dog named Sergio.
A few key factors determine if a person will have an enjoyable retirement or a sluggish one.
Many seniors worry about loosing their purpose in retirement and being bored, others look forward to the trips and unlimited free time.
In this episode, Greg sits down with Lindsay Troxell, Head Coach of Our Coaching Initiative, to explore the emotional and practical aspects of retirement planning.
Join Greg and Lindsay as they delve into the intricacies of pre-retirement financial planning and the transition into retirement life.
Lindsay discusses:
Strategies for managing energy levels to thrive in retirement
The importance of addressing emotional concerns during the transition to retirement
The role of identity and purpose in retirement planning
Resources available for both consumers and financial advisors navigating retirement planning
Lindsay Troxwell is a Certified Life Coach and International speaker changing the landscape of financial services. Since 2005, Lindsay Troxell has worked thousands of teams across the United States and in Europe with a focus on practice management, business development, client experience, team dynamics, and mindset.
Debt is one of the biggest challenges facing many people today. It can limit your choices, reduce your savings, and stress you out.
But what if there was a way to get rid of your debt faster and easier than you ever thought possible?
This week, Greg DuPont is joined by Adam Carroll, Professional Speaker & Founder of The Shred Method, to explore how the Shred Method can help achieve debt freedom in 3 to 7 years. They emphasize the importance of financial discipline and managing discretionary income to accelerate debt repayment, not just for mortgages but also for other loans.
Adam discusses:
● The Shred Method as a unique tool for achieving debt freedom within 3 to 7 years
● How to use money more effectively through the Shred Method
● The effectiveness of leveraging a home equity line of credit to pay off mortgage
● Exactly what type of consumers could find the Shred Method helpful
● The effectiveness of the Shred Method in tackling student loan debt and its role in building equity
● And more!
Adam Carroll has decades of experience working with families and business owners who are interested in creating massive efficiencies when it comes to their income and wealth building capacity. With an unwavering commitment to helping people make the most of the money they make, while limiting risk, reducing tax liabilities, and increasing liquidity, Adam Carroll has spent 15 years helping people do more with the money they make. He is an internationally recognized financial literacy expert, author of three Amazon best-sellers, a two-time TED talk speaker with over 6 million views on YouTube and TED.com, and is the creator of the Broke, Busted & Disgusted documentary which aired on CNBC and is shown in hundreds of high schools and colleges across the country. He is the host of the Build A Bigger Life podcast, the curator of MasteryOfMoney.com and founder of The Shred Method™.
For countless Americans, debt is the most significant problem preventing them from living the life they want and retiring comfortably.
If you stay awake at night stressing about your mortgage and student loans, you’re not alone. Luckily, there are better ways to pay off debt than Dave Ramsey’s strict ‘debt snowball’.
In this eye-opening episode of Your Financial Advocate, host Greg DuPont is joined by Tracey Spikes, Sr. Executive Distribution and Development Officer of the SMART Advisor Network. Tracy illuminates the path to financial liberation through the Debt Free for Life program, sharing insights from personal experience and professional practice.
Tracey discusses:
The psychological aspects of debt and its ramifications on financial health
His personal experience paying of a staggering $600,000 in debt in just six and half years
The differences between effective interest cost and APR
An inside look at how the Debt Free for Life program crafts bespoke solutions aligning with individual fiscal circumstances
Tracey Spikes believes debt and taxes are two of the greatest detractors to wealth accumulation and spendable income that Americans face today. He’s studied income in America extensively and came to the shocking conclusion that well over 50% of what we earn over our lifetime goes to paying taxes and/or interest.
It’s for these reasons he uses the Smart Advisor Tools suite of software that includes Debt Free 4 Life™️ and Tax Smart 4 Life™️ as part of his advisory work with clients, and trains similarly-minded advisors.
DF4L is a debt elimination app utilizing risk management based products, like life insurance, to modify a “snowball” approach to debt elimination and cash flow management.
Choosing the right index for your investment goals can be a daunting task, especially when there are millions of options available.
How do you know which one is best suited for your risk tolerance, time horizon, and expected returns? How do you evaluate the performance and design of different indexes and ETFs?
These are some of the questions that many investors face when they enter the world of index-linked products.
In this episode, Greg DuPont chats with Laurence Black, Founder of The Index Standard®, a company that rates and evaluates ETFs and indices used in the insurance and structured product space. They explore the challenge of choosing the right index among the many available and the importance of forward-looking due diligence. Laurence emphasizes the need for diversification and preparing for unforeseen events in the investment world.
Together they discuss:
The importance of taking a forward-looking approach when choosing an index
The Index Standard’s three-step forecasting process
The significance of diversification in dealing with unknown risks and protecting oneself in the investment world
The benefits of exchange traded funds (ETFs) compared to mutual funds
How The Index Standard evaluates and categorizes the largest index-linked ETFs based on their robustness and design
The valuable insights you’ll gain from the training with Laurence, simplifying the complexity of insurance indices for informed decision-making
Laurence Black is the founder of The Index Standard® and an index advisor to Robert J. Shiller, Sterling Professor of Economics at Yale University.
Before founding The Index Standard®, Laurence was Managing Director and Head of Quantitative Indices and Strategies at Barclays, where he oversaw the development of the Barclays index family. In addition to designing some of the first smart beta/factor indices, Laurence spearheaded Barclays’ index partnerships with Professors Robert Shiller and Nouriel Roubini, as well as Novus Partners.
Before Barclays, Laurence was Head of Indices at ABN AMRO in London, where he successfully launched indices with well-known investors such as Jim Rogers and Joel Greenblatt. Before ABN AMRO, Laurence worked at Lehman Brothers, Deutsche Bank, and Credit Suisse.
Laurence holds an MBA from the University of Warwick and a Bachelor’s degree from the University of Cape Town. When not thinking about financial matters, he can mostly be found on a tennis court.
Trying to predict the future is counterproductive. Instead of worrying about what is going to happen, ask yourself how you would handle a situation if it does happen.
In this episode, Greg DuPont is joined by Kirk Chisholm, wealth manager and principal at Innovative Advisory Group. Greg and Kirk dive into how to be financially resilient and think differently in order to be ready for those unexpected curveballs that life throws at us.
Greg and Kirk discuss:
The in-depth meaning of financial resilience
How to deal with unexpected financial curveballs in life
Why trying to predict a financial outcome is counterproductive
Why flexible thinking is so important for your future
Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group. His background and areas of focus are portfolio management and investment analysis in both the traditional and alternative investment markets. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families, as well as businesses and organizations since 1999. Prior to integrating with Innovative Advisory Group in 2008, Kirk founded Stirling Global Advisors, LLC in 2005, a full-service private wealth management firm.
