12 Elements for Sustaining Family Wealth & Unity (Part 1)

Caffeine And Cash Flow with Michael Schulte

Caffeine And Cash Flow with Michael Schulte

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Nội dung được cung cấp bởi Michael Schulte. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Michael Schulte hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

State Secrets: Inside The Making Of The Electric State

1
Family Secrets: Chris Pratt & Millie Bobby Brown Share Stories From Set 22:08

cách đây 26 ngày trước22:08

Nghe Sau

Danh sách

Thích

Đã thích

22:08

Host Francesca Amiker sits down with directors Joe and Anthony Russo, producer Angela Russo-Otstot, stars Millie Bobby Brown and Chris Pratt, and more to uncover how family was the key to building the emotional core of The Electric State . From the Russos’ own experiences growing up in a large Italian family to the film’s central relationship between Michelle and her robot brother Kid Cosmo, family relationships both on and off of the set were the key to bringing The Electric State to life. Listen to more from Netflix Podcasts . State Secrets: Inside the Making of The Electric State is produced by Netflix and Treefort Media.…

cách đây khoảng một năm trước 24:33

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The stats tell us that just 10 percent of generational wealth lasts beyond the third generation, and you can point to a variety of reasons for that to be the case. Most people that get to this point want their family to be taken care of for decades to come, but not everyone takes the necessary steps to achieve unity to within their family.

Here are the six elements we discuss in this episode:

Foster strong and effective communication and build trust between generations.
Develop, maintain, and regularly revisit your vision for the present and future.
Successful families meet regularly.
The four different types of capital you need for generational wealth.
Keep the family business separate from the business of the family.
Identify the roles necessary for the family to be successful.

Learn more: https://caffeinecashflow.com/

Get in touch with Michael-

Web: https://www.westpacwealth.com/team/michael-schulte

Email: michael.schulte@westpacwealth.com

Phone: 702-767-4897

85 tập

#Trading #Business #Michael Schulte #Americandream #Financialadvisor #Michaelschulte #Money #Planner #Savingtheamericandream #Westpacwealthpartners #Retirement #Finance

Caffeine And Cash Flow with Michael Schulte

12 Elements for Sustaining Family Wealth & Unity (Part 1)

Caffeine And Cash Flow with Michael Schulte

published cách đây khoảng một năm trước

Chia sẻ

MP3•Trang chủ episode

Here are the six elements we discuss in this episode:

Foster strong and effective communication and build trust between generations.
Develop, maintain, and regularly revisit your vision for the present and future.
Successful families meet regularly.
The four different types of capital you need for generational wealth.
Keep the family business separate from the business of the family.
Identify the roles necessary for the family to be successful.

Learn more: https://caffeinecashflow.com/

Get in touch with Michael-

Web: https://www.westpacwealth.com/team/michael-schulte

Email: michael.schulte@westpacwealth.com

Phone: 702-767-4897

85 tập

#Trading #Business #Michael Schulte #Americandream #Financialadvisor #Michaelschulte #Money #Planner #Savingtheamericandream #Westpacwealthpartners #Retirement #Finance

Tất cả các tập

Caffeine And Cash Flow with Michael Schulte

1
Sticking to the Fundamentals of Diversification During Market Volatility 14:56

cách đây 6 ngày trước14:56

14:56

You’ve heard the term “diversification” countless times—but are you actually doing it right? As the financial landscape continues to evolve, understanding how to properly diversify your investment portfolio is more crucial than ever. In this episode, we’re going to get into the investing fundamentals we consistently stick to in order to help achieve the highest probability of success. Here’s some of what we discuss in this episode: 📊 Diversification ≠ Just owning a few different stocks 📉 Most portfolios are too heavily tilted toward large-cap tech 🏦 Own the full asset class—don’t try to pick winners 🔄 Rebalance regularly to reduce risk & stay disciplined Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
Bracket Busters and Stock Flops: The Risky Game of Picking Winners 20:23

cách đây 19 ngày trước20:23

20:23

March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted. Many investors can’t resist chasing big wins, even though diversification is a smarter play. One economist, Hendrik Bessembinder, analyzed the returns of nearly a century of stock performance. Let’s compare what he found to March Madness history and uncover what March Madness can teach us about investing! Here’s some of what we discuss in this episode: What Hendrik Bessembinder found from his study of 29,078 stocks The perfect March Madness bracket has never happened The odds of sustainable success are slim Very few teams repeatedly win The most familiar choice doesn’t often lead to victory Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
Recency Bias in Action 23:40

cách đây 11 weeks trước23:40

23:40

Today we’re going to piggyback of our conversation in the last episode by focusing in on recency bias and show you how the concept plays itself out among investors. As Michael will explain, recency bias is the tendency to give more weight to the most recent information when making decisions, which can often lead to skewed perceptions and poor financial choices. Here’s some of what we discuss in this episode: A look at the numbers from stock returns since 1928. Treasury bill rates are indicative of what you could be receiving inside money market accounts. We're almost right at historical averages for mortgage rates going back to 1964. How we build investment strategies with these biases in mind. See the graphs referenced in this show: Mortgage Rates: https://caffeinecashflow.com/wp-content/uploads/2025/01/Mortgage-Rates-since-1964-LBS.pdf Treasury Bills: https://caffeinecashflow.com/wp-content/uploads/2025/01/Treasury-Bills-historical-rates-LBS.pdf Large Company Stocks: https://caffeinecashflow.com/wp-content/uploads/2025/01/Large-Company-Stocks-LBS.pdf Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
These Biases Are Holding You Back 25:07

cách đây 13 weeks trước25:07

25:07

As we begin a new year, it’s helpful to reflect on our financial habits and the biases that may influence them. By understanding and mitigating these biases, we can make more informed decisions and set ourselves up for greater financial success. In this episode, Michael will highlight the most common cognitive biases that he sees in people, which is a topic that could reshape how you approach your financial decisions. Here’s some of what we discuss in this episode: Why biases play a huge role in what we do with finances and there are actually 175 cognitive biases. The fear of missing out bias is amplified by social media. Herding bias is the phenomenon where you blindly follow what others are doing. Confirmation bias involves only being able to see information that supports our current position and beliefs. Being open to uncertainty can improve our life. Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
12 Days of Financial Wellness 23:19

cách đây 15 weeks trước23:19

23:19

In this festive episode of Caffeine and Cash Flow, Michael guides you through the 12 Days of Financial Wellness. Discover essential tips on managing assets, liabilities, protection, and cash flow as you prepare your balance sheet for the new year. Whether you're planning for personal property, savings, investments, or understanding liabilities, this episode provides practical advice to enhance your financial health. Here’s some of what we discuss in this episode: Protecting your balance sheet. The different categories of assets. How to view different types of debt and other liabilities. Understanding your cash flow and how to use that for retirement planning. Check out the sample balance sheet here: https://caffeinecashflow.com/wp-content/uploads/2024/12/LBS-sample-client-dashboard-2024.pdf Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
The Pension & Retirement Plan Contribution Adjustments for 2025 18:40

cách đây 17 weeks trước18:40

18:40

As we approach the new year, it's essential to stay informed about the financial changes that could impact your retirement planning. The latest episode of the Caffeine and Cash Flow podcast will provide you with updates for 2025, focusing on pension and retirement plan contribution limits. Here’s some of what we discuss in this episode: The maximum amounts you can put into different types of IRAs. Should you be maxing out the catch-up contributions? Something that’s brand new for 2025. Social Security COLA increase and other changes to benefits. The gift tax exclusion is going up as well. Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
What Will the Market Do Under Trump? Let's Look at Historical Data (Part 2) 15:46

cách đây 19 weeks trước15:46

15:46

We’ll continue with part two of our conversation on how the economy has grown under previous presidential administrations. In the previous episode, we discussed some of the more recent administrations, but this time we’ll go back deeper into history and take a good look at older data. Here’s some of what we discuss in this episode: How inflation factors into growth for certain asset classes. How WWII tied into the economic recovery out of the Great Depression. Stock markets generally stayed strong during the Depression and through the war. Building a portfolio that’s resistant to politics. Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
What Will the Market Do Under Trump? Let's Look at Historical Data (Part 1) 22:51

cách đây 20 weeks trước22:51

22:51

With the election behind us, we now know that former President Trump will have another four years in the White House. While that could mean policy shifts in all sorts of areas, we want to focus on how it may impact the economy so Michael will take a deep dive into the data on different economic growth factors, and what the numbers have looked like under both Republican and Democratic administrations over the years. In part one of this two-part conversation, we’ll break down how the stock market and the economy are not necessarily the same thing, and how they don’t always go hand in hand. We’ll also discuss how the stock market has grown substantially over the last 97 years across many administrations of both parties. Then, we’ll get into specific growth numbers and what exactly they mean. Here’s some of what we discuss in this episode: The stock market and the economy are not the same thing, and they’re not always hand in hand. The shocking growth of the stock market over the last 97 years. The role of risk and how it can impact expected returns. How different growth metrics have done across different Presidential administrations. Even when the market is a whole is doing well or poorly, there will still be differences in different sectors. Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
Retirement Half-Truths: Beware of These Potentially Misleading Statements (Part 2) 20:27

cách đây 27 weeks trước20:27

20:27

When it comes to planning for retirement, there's no shortage of advice out there. Unfortunately, much of it can be misleading or only half-true. That can be a problem for investors because they end up following guidance that doesn’t apply to their situation. Today we continue our two-part discussion on these potentially misleading statements by shedding light on some of the most common retirement half-truths and explain why they might not tell the whole story. Here’s what we discuss in this episode: Half-truth #6: You should withdraw 4% annually from your retirement savings. Half-truth #7: Saving just enough to match your employer’s 401(k) contribution is sufficient. Half-truth #8: You don’t need a retirement plan if you plan to work throughout retirement. Half-truth #9: Medicare will take care of all your healthcare needs after retirement. Half-truth #10: Social Security will cover your basic expenses in retirement. Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
Retirement Half-Truths: Beware These Potentially Misleading Statements (Part 1) 28:02

cách đây 28 weeks trước28:02

28:02

We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn’t quite tell the whole story. Join us for part one of this discussion as we cover common misconceptions about market losses, portfolio fees, mortgage interest, diversification, and bonds. We’ll provide insights on why these half-truths can be misleading and how to navigate them for better financial planning. Here’s what we discuss in this episode: Half-truth #1: The market always goes up in the long run, so don’t worry about individual losses. Half-truth #2: The fees in your portfolio are less than 1 percent. Half-truth #3: If you have a low interest mortgage, you’re better off investing than paying off the house early. Half-truth #4: Diversification is THE key to investing. Half-truth #5: Bonds will significantly reduce the risk in your portfolio. Data referenced in this article: https://interactfa.com/the-index-matrix-app/ https://www.upmyinterest.com/bloomberg-us-aggregate-bonds/ Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
College Financial Planning: Insights For Parents and Grandparents (Part 2) 17:02

cách đây 33 weeks trước17:02

17:02

Paying for college has become increasingly harder with rising costs. Starting early for your child's or grandchild's education can make a big difference and reduce the need for excessive borrowing later. In this two-part series, we’ll cover the key aspects of college financial planning from both the parent and grandparent perspectives. Part one broke down the costs associated with college, how much they’ve risen, and how to determine if the value is worth it over time. Now we’re focused on the strategies for saving money to cover rising tuition costs, determining who should pay for college, and the various tools available for funding education. Here’s some of what we discuss in this episode: How much and how early should you be saving? What are the best savings vehicles or accounts for college savings? Should you risk your own retirement to help fund your child’s education? Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
College Financial Planning: Getting a Handle on the Rising Cost of Tuitions (Part 1) 22:46

cách đây 35 weeks trước22:46

22:46

Paying for college has become increasingly harder with rising costs. Starting early for your child's or grandchild's education can make a big difference and reduce the need for excessive borrowing later. In this two-part series, we’ll cover the key aspects of college financial planning from both the parent and grandparent perspectives. From understanding the true purpose of college to comparing the opportunity costs and exploring various saving methods, this first episode is packed with practical advice to help you plan effectively for one of life's biggest expenses. We’ll break down how the costs have risen significantly over time and whether it’s truly worth the price at many schools. Here’s some of what we discuss in this episode: Details on tuition costs at different public and private schools and how much that’s changed over the past few decades. The purpose of college is to increase your future earnings but at what cost? The importance of strategic planning when it’s time to make your decision. To learn more about the cost of college, visit this link: https://educationdata.org/average-cost-of-college-by-year#:~:text=In%201999%2D2000%2C%20tuition%20at,schools%2C%20from%20%244%2C975%20to%20%248%2C274. Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
Little Things That Make Big Things Happen 23:54

cách đây 38 weeks trước23:54

23:54

In any sport, it is often the smallest, most consistent actions that make the biggest difference. In today’s episode, Michael shares insights from his experience coaching youth baseball to show that this philosophy is just as important in financial planning as it is on the field. Listen in as he shares 15 “little things” that everyone should focus on in their finances to achieve winning personal finance. Here’s some of what we discuss in this episode: Do you have a clear understanding of what portion of your assets and income are protected from lawsuits? Do you know what percentage of your income you are currently saving and investing for the future? Do you understand when and how you can access the money inside your retirement account? Do you know how to measure the risk inside your investments and retirement accounts? Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
Learning From John Wooden's Pyramid of Success 29:19

cách đây 41 weeks trước29:19

29:19

Are you ready to take your financial planning to the next level? In this episode of Caffeine and Cash Flow, Michael and Ben explore the timeless wisdom of legendary coach, John Wooden. Wooden's Pyramid of Success has guided countless individuals to greatness, both on and off the court, and has some powerful takeaways for your everyday life and financial planning. Here’s some of what we discuss in this episode: A little background on John Wooden’s career at UCLA + his definition of success The foundational concepts of hard work, camaraderie, respect, loyalty, cooperation, and enthusiasm How self-control, alertness, initiative, and perseverance contribute to leadership and success Continuous skill development, humility in learning, and fostering team spirit Maintaining poise through any event, building genuine confidence, and aiming for competitive greatness John Wooden's Pyramid of Success: https://www.thewoodeneffect.com/pyramid-of-success/ Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

Caffeine And Cash Flow with Michael Schulte

1
Asset Class Returns for 2023 18:55

cách đây 46 weeks trước18:55

18:55

When it comes to investing, the term 'diversification' is often tossed around, but what does it truly mean to diversify your portfolio? Is it as easy as sticking to the S&P 500 index the to achieve wealth management success? In this episode, we’ll answers these questions and dive into the latest returns by asset class to help you better understand what diversification truly means. Here’s some of what we discuss in this episode: Does owning the S&P500 make you diversified? Not really. A look through last year’s returns by asset class along with historical returns. The need for constant evaluation and just consistent checkup on your portfolio. Learn more: https://caffeinecashflow.com/ Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: michael.schulte@westpacwealth.com Phone: 702-767-4897…

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Caffeine And Cash Flow with Michael Schulte « » 12 Elements for Sustaining Family Wealth & Unity (Part 1)

12 Elements for Sustaining Family Wealth & Unity (Part 1)

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Caffeine And Cash Flow with Michael Schulte « »
12 Elements for Sustaining Family Wealth & Unity (Part 1)