The Confident Wealth Podcast
Pete Bush & Bill Bush: Horizon Wealth Management Financial Advisors
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Top 10 The Confident Wealth Podcast Episodes
Goodpods has curated a list of the 10 best The Confident Wealth Podcast episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Confident Wealth Podcast for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Confident Wealth Podcast episode by adding your comments to the episode page.
The Value of a Financial Advisor: Leaving a Legacy, Life Transitions, and Caring for Others
The Confident Wealth Podcast
08/15/19 • 23 min
This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 9th installment in their series, The Value of Working with an Advisor. During this installment, Bill and Pete talk about the problems associated with not having a will, the value of having an advisor to walk clients through the process of estate planning, organizing and maximizing value, getting help with gift money to causes, how to handle life transitions, and how to prepare for taking care of your parents or other family members in the future.
Episode Highlights:
- 01:26 – Bill Bush and Pete Bush introduce the topic of leaving a legacy, life
transitions, and caring for others.
- 02:18 – Everyone can use some coaching.
- 03:20 – Most people don’t have a will.
- 04:17 – What is the harsh reality of not having a will?
- 06:43 – What is the value of having an advisor when leaving a legacy?
- 08:07 – There is a moment in time when it is too late to designate a power of
attorney.
- 09:32 – Organization and maximizing value is important.
- 10:42 – Special needs situations can arise.
- 12:15 – Gifting is also leaving a legacy.
- 12:49 – Life transitions and taking care of others are emotional situations and can
lead to emotional decisions.
- 17:30 – As we age, health and abilities can decline and require help with financial
planning.
- 18:47 – What is a good way to bring up financial planning with your parents to
make sure they are taken care of in the future.
- 20:23 – A little bit of prevention is better than a lot of a cure.
.
3 Key Points:
- People falsely assume that estate planning is only for rich people.
- Advisors can break down the complexity of estate planning into doable action steps for their clients.
- Death, divorce, kids moving out of your house, and inheritances are often unexpected situations that require financial planning.
Tweetable Quotes:
- “Most people, some 70%, do not have a will.” – Bill Bush.
- “Powers of attorney do end when you die. That is when your will kicks in. But at the same time, you are planning against these contingencies that just say, ‘you know, that is a good safety net to have.” – Pete Bush.
- “For a current income tax-type planning, which has really bubbled up with these new tax law changes, is you can set up a donor advice fund. Even though you may not know who or when you want to gift it yet.” – Pete Bush.
Resources Mentioned:
The Value of a Financial Advisor: Organizing, Monitoring & Guiding
The Confident Wealth Podcast
06/19/19 • 20 min
This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 7th installment in their series, The Value of Working with an Advisor. Listen and learn all about how financial advisors can assist you with preparing, analyzing, and guiding your ever-changing financial situation. Bill and Pete point you in the right direction for budgeting, reviewing recurring fees, and overcoming disorganization.
Episode Highlights:
- 01:45 – Bill Bush and Pete Bush introduce the topic of organizing, monitoring and
guiding your financial life.
- 02:45 – How can not having a budget becomes a setback?
- 03:41 – Are you paying too much in taxes?
- 04:47 – What financial opportunities are you missing out on by being disorganized?
- 05:40 – Make sure you have a 3-6 month emergency fund.
- 06:50 – Are you paying too much for insurance?
- 07:51 – What is your process for reviewing interest rates?
- 08:52 – Have a plan to have something to measure your financial life against.
- 09:47 – Are you letting your time management fall apart?
- 12:06 – Update your plan to adjust to life changes.
- 14:00 – Not knowing your numbers is a huge mistake.
- 15:15 – Are you up-to-date on technologies that can help you stay organized?
- 16:40 – Take advantage of the experience that advisors have to speed up the
process.
- 17:15 – Financial advisors can simplify the complex situations and minimize fear.
.
3 Key Points:
- Give a name to every dollar that you spend to keep a strong budget
- Pay attention to interest rates and mortgage rates.
- The “I will get around to it” excuse is a form of being disorganized.
Tweetable Quotes:
- “Have you ever stopped and kind of put a price on disorganization might be costing you?.” – Pete Bush.
- “If you stay ready you don’t have to get ready.” – Pete Bush.
- “A high percentage of Americans can’t withstand an emergency of even $400 dollars...which is in this day and time nothing.” – Pete Bush.
Resources Mentioned:
The Value of a Financial Advisor: Preparing for Retirement
The Confident Wealth Podcast
06/28/19 • 19 min
This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 8th installment in their series, The Value of Working with an Advisor. During this installment, Bill and Pete address the subject of preparing for retirement in a manner that you can feel confident about. What type of retirement goals do you have for you and your spouse? How will your financial needs change during different phases of retirement? What are the various ways financial planners can assist future retirees with proper preparation? Bill and Pete have the answers for you.
Episode Highlights:
- 01:37 – Bill Bush and Pete Bush introduce the topic of planning for a confident
retirement.
- 03:17 – Social Security is typically not enough to rely on for retirement.
- 03:51 – When you get to 50 the clock towards retirement starts ticking.
- 04:47 – What is the date and amount you need for retirement?
- 06:09 – What are your retirement goals?
- 07:29 – What are the three stages that some retirements fall under?
- 08:04 – How should you go about taking out extra money earlier in retirement?
- 09:49 – How does healthcare play into retirement planning?
- 11:15 – Mortgage debt is a huge problem in retirement.
- 12:06 – Which unique factors should retirement planners prepare for?
- 13:26 – What are all the things that a financial advisor does to help clients prepare
for a confident retirement?
.
3 Key Points:
- Have a dollar-specific/date-specific plan.
- The three phases of retirement generally are: checking off dream activities from your bucket list, the slowing down phase, and the older stage of not wanting to do anything.
- Runaway healthcare costs are the number reason for bankruptcy during retirement.
Tweetable Quotes:
- “A married couple that is 65, there is a one in two chance that one of them lives to be 90.” – Bill Bush.
- “It is better for people to think in terms of retiring to something instead of from something.” – Pete Bush.
- “A lot of times we are recommending going into retirement with no debt of course, going into retirement with a couple of years of cash that you can get your hands on.” – Pete Bush.
Resources Mentioned:
It's About Confidence
The Confident Wealth Podcast
09/26/17 • 26 min
In this episode, the Bush brothers, Bill and Pete of Horizon Financial Group, discuss the various ways through which individuals can build confidence when it comes to managing their wealth. Bill and Pete consider financial planning as much more than working through just income, estate planning and taxes. A financial planner is responsible for understanding the responsibilities of the client and being responsive to his concerns. Moreover, he also needs to reassure an investor and restore confidence in turbulent times—because, whether we want them or not, the hard times WILL come. Listen as Pete shares with listeners the nuances of a client-financial planner relationship and the need to restore one’s confidence as an investor.
Show Notes:- Brothers Bill and Pete Bush from Horizon Financial Group will give us tips to build, grow and maintain confidence in our financial lives
- When it comes to one’s wealth, everyone wants to be waking up feeling good, free of anxiety and truly confident
o Market conditions or a family situation are factors that can shake an investor’s confidence
- Confidence is a superpower; an individual lacking in confidence will sit on cash and avoid making investments
o Confidence is the underlying emotion that gives you the power to make PROGRESS
- Objective of a financial advisor is to earn enough to meet the requirements of the client; solely concentrating on rate of returns and market comparisons is meaningless
- Indulging in some self-introspection made Paul realize that he really enjoyed making people feel confident
o Simon Sinek’s Start with Why: How Great Leaders Inspire Everyone to Take Action urges you to discover your WHY
- The result of eliminating FEAR is that you become MORE confident
o There are many things that can affect your confidence; so, you have got to protect it
- What the financial services industries has been doing wrong....
o Human beings are emotional creatures; they feel first and then go and look for reasons to back up their feelings
o Industry bombards investors with logic and ignores the emotion; need to unpack fear before moving forward
o Lot of financial salesmen are solely bothered about making a sale; they completely disregard client requirements
- Successful investing is incredibly boring; do not chase shiny investment instruments, stick to those that have stood the test of time
- To build confidence, you need to commit to a course of action by unpacking your financial goals
o Take inventory of your assets, how you can invest and your financial program at work to set the ball rolling
o Move on to Step Two where you need to determine the income that you need to reach your goal
o A large population of people fail to let go off their inertia which necessitates the need for a financial planner
o Remember that you might have to make some unpleasant changes; might have to earn more and spend less to reach your targeted savings
o Push through so that you can start seeing results; knowing where you are in relation to where you should be in order to get to where you want to go will help you build your confidence
- Investors are highly reluctant to trust a financial computer model or algorithm; much more comfortable taking advice from financial advisors, friends or family
- Remember to take advice from a certified financial planner (CFP)
o While the questions you ask an advisor are important, the questions they ask you are even more telling
o A good financial advisor asks personal questions through which he can gauge your responsibilities; this has a big impact on financial planning
- All emotions: fear, excitement and confidence are transient, it’s impossible to be absolutely confident all the time
o Sometimes a financial planner will have to RESTORE confidence
o A 20-30% correction often tends to shake up an investor’s confidence; personal circumstances, like going through a divorce or moving to another city, also makes a huge impact
- Financial advice and planning is much more than pouring over investments, talking estate planning and taxes—it is about discussing the concerns which got them to a financial planner in the first place
- Have a SCORECARD which helps you accurately gauge your financial position
- Everyone at Horizon Financial wants to help people lead more confident lives
- Check out our website to kno...
Your Financial Matrix
The Confident Wealth Podcast
02/01/18 • 28 min
Summary:
In today’s 7th episode of the Confident Wealth Podcast, Bill Bush and Pete Bush from the Horizon Financial Group of Baton Rouge, Louisiana discuss the value in utilizing an internally developed tool called “Your Financial Matrix.” Learn all about the benefits of the seven categories of this financial planning strategic device which are: Cash Flow an Budget, Investment Planning, Retirement Planning, Income Tax Planning, Risk Management and Insurance, Estate Planning and Charitable Giving, and Assistance to Others. Bill and Pete will get you up to speed on the importance of customizing your wealth-building methods to your particular lifestyle.
Time Stamped Show Notes:
- 00:56 – Bill Bush and Pete Bush start the discussion on the multiple components of building wealth.
- 02:26 – “Your Financial Matrix,” developed by Peter Bush, spells out financial situations the Horizon Financial Group can assist with.
- 03:15 – The 7 Categories of “Your Financial Matrix”: Cash Flow and Budget, Investment Planning, Retirement Planning, Income Tax Planning, Risk Management and Insurance, Estate Planning and Charitable Giving, and Assistance to Others.
- 03:31 – 1.) Cash Flow and Budget: a foundational part of a person’s financial plan because it is out of discretionary cash flow that they can save, buy insurance, and help other people.
- 06:22 – Sometime during 2000 Horizon Financial Group shifted to the holistic planning model and fee-based planning.
- 08:32 – 2.) Investment Planning: major factors that effect this include: risk tolerance, time, volatility, taxable vs. tax-deferred, and asset allocation.
- 11:25 – 3.) Retirement Planning: factors to consider include: business exit strategy, social security, Medicare, and withdrawal strategies.
- 14:36 – 4.) Income Tax Planning: make sure that you are maximizing deductions. Look at your tax return from a financial planning standpoint instead of a tax standpoint.
- 17:54 – 5.) Risk Management and Insurance: you are guarding yourself against catastrophic potential risk. Look for old policies that are not needed, too expensive, or outdated.
- 20:40 – 6.) Estate Planning and Charitable Giving: trusts, setting up powers of attorney, estate taxes, giving to your favorite charities, and wills fall under this category.
- 23:17 – 7.) Assistance for Others: this category can apply to preparing for your kids to go to college, or assisted living facilities for your elderly parents when they can no longer take care of themselves.
- 28:08 – The closing credits
3 Key Points:
- Key factors that have an effect on investment planning include: risk tolerance, time, volatility, taxable vs. tax-deferred, and asset allocation.
- Factors to consider with retirement planning include: business exit strategy, social security, Medicare, and withdrawal strategies.
- With charitable giving and estate planning, you are dealing with trusts, setting up the proper powers of attorney, estate taxes, giving to your favorite charities, and setting up your will.
Tweetable Quotes:
“Cash flow and budgeting, very, very foundational to someone’s financial picture.” – Pete Bush.
“For the most part, everybody’s accumulating wealth in the value of their homes and their 401K plans.” – Pete Bush.
“There’s a lot of different components to your money and financial life, more so than just your retirement or your investment portfolio.” – Pete Bush.
Resources Mentioned:
- Horizon Financial Group – website for Horizon Financial Group
- Confident Advisor Practice – podcast for Confident Advisor Practice
The Confident Wealth Experience
The Confident Wealth Podcast
01/05/18 • 24 min
The Confident Wealth Experience
Summary:
The hosts of The Confident Wealth podcast Bill Bush and Peter Bush spend this episode explaining each of the six steps that make up the financial planning system Peter developed for the Horizon Financial Group called “The Confident Wealth Experience.” You will learn all the important steps that include: “The Discovery Conversation,” “Your Confident Wealth Strategies,” “Your Confident Wealth Action Plan,” “The AdvisorLink Advantage,” “The Confident Wealth Monitor,” and “The Confident Care System.” Learn the valuable reasons why many Horizon Financial Group clients have benefitted from “The Confident Wealth Experience” to plan for a more financially sound tomorrow.
Time Stamped Show Notes:
- 00:35 – Bill Bush and Pete Bush introduce the episode’s topic of financial planning.
- 01:32 – The importance for planning to let your money outlive you to leave legacies.
- 02:28 – The mindset for leading by planning for retirement savings.
- 03:50 – The kind of technological tools that Pete Bush used pre-internet and post-internet
- 04:58 – The Confident Wealth Experience system, once called The Financial Coordinator Solution that Pete Bush created and has been using for over 10 years.
- 06:40 – Step 1: “The Discovery Conversation,” of The Confident Wealth Experience takes place. Where have you been financially, and where you do you want to go?
- 09:56 – Step 2: “Your Confident Wealth Strategies”: after gathering the client’s financial data, the feedback and analysis that lead to discoveries to create your roadmap to success.
- 11:48 – Step 3: “Your Confident Wealth Action Plan”: where specific, recommended, customized steps take place to put into action to gain results.
- 13:45 – Step 4” “The AdvisorLink Advantage”: gathering experts to support your focused plan of action.
- 16:37 – Step 5: “The Confident Wealth Monitor”: the method of checking in on the progress of our plan to keep your hands on the wheel to keep driving straight towards your goals and to keep your confidence.
- 18:27 – Step 6: “The Confident Care System”: assistance for navigating an changing future.
- 20:43 – Pete shares some unique stories of people that have completed “The Confident Wealth Experience.”
- 23:43 – Final Thoughts: having a plan will help your money outlive you.
3 Key Points:
- Either your money is going to outlive you or you are going to outlive your money.
- Steps 1-3 of “The Confident Wealth Experience” make up your strategies to identify your financial goals and translate them into action steps.
- Steps 4-6 of “The Confident Wealth Experience” form the way you gather your support system to keep your financial goals on track.
Tweetable Quotes:
“There’s two main outcomes you can have in your life. And one is you outlive your money, and the other one is your money outlives you.” – Pete Bush
“The outcome of planning is confidence.” – Pete Bush
“Financial planning tends to get emotional, because you start to deal with people, and dreams, and goals.” – Pete Bush
Resources Mentioned:
- Confident Wealth – Website for Confident Wealth
- The Confident Wealth Experience – Horizon Financial Group’s planning system
Keeping Score
The Confident Wealth Podcast
10/10/17 • 24 min
In this episode, the Bush brothers, Bill and Pete of Horizon Financial Group, list and explain the 8 categories of their Confident Wealth Scorecard. Filling in this scorecard helps an individual outline their personal and financial vision for the future. Oftentimes, business owners compare their success with others as a means to determining how well they are doing. This launching pad and tool will help you assess where you ARE and where you WANT to be in relation to your own personal financial and personal goals. The wheel emcompasses risk management, tax efficiency and wealth building to name a few. Tune-in to learn how to achieve balance in all 8 categories of the Confident Wealth Scorecard and some great insights to help you to do just that.
Show Notes:
- Today, we will discuss the Confident Wealth Scorecard for business leaders
o Helps gauge the level of confidence in specific areas of wealth management
o Consists of 8 categories and multiple questions
o Risk management is the first and foremost important category for most people
o Tax efficiency is the second category; maximizing deductions by working within the rules that IRS has set forth
o Business Continuity and Estate planning is the 3rd category; important to plan for succession since 80% of a business owner’s assets are often tied to their business
o Wealth Building is the 4th category; this involves accumulating investments and setting up lifetime income streams
o Cash Management is the 5th category which deals with budgeting and planning your expenses; understanding how leveraging impacts your life
o Sharing success is the 6th category; successful people like to share their success with families, communities or charities
o Overall Coordinated Plan and Vision is the 7th category; gauging your confidence with regards to getting to your financial goals and realizing your vision
o Leading a Balanced Life is the 8th and only qualitative category in the wealth scorecard; people tend to sacrifice their personal life or health in order to achieve their financial goals
- A thinking tool and a launchpad to help you plan your financial and personal life in a better manner
- People have a tendency to score themselves outwardly by comparing their financial success with others; a much better way is an innate scoring mechanism
- Business owners, CEO’s and CFO’s will find a lot of value by completing the scorecard
o Helps overcome inertia and sets people towards the next steps that they need to undertake to achieve their financial goals
o Wealth management is a personal thing without a fixed, definitive answer; the scorecard is helpful since it covers a wide gamut of topics
- Analyzing the 1st Category: Risk Management
o The first question gauges the likelihood of your business surviving your death; you can assign a score of 1 to 3 with 3 being the highest possibility of survival
▪ Often business owners have not even thought about getting risk insurance; people who have risk insurance might be paying more than what they should be paying
o Important to structure a buy-sell arrangement and funding mechanism in case of a business partner’s death
o Need to review policies at regular intervals to ensure that you are getting the best possible deal
o Poor communication and over-confidence are reasons for poor risk management strategies; a financial advisor can look at your OVERALL financial situation which enables you to get a bird’s eye view
o Categorize questions if your financial advisor and insurance provider is proactive in doing an annual review of your insurance plans
o Possible to add comments in the scorecard if you seek clarification with a particular question
o Knowing that you are annually reviewing, updating your risk management plans, and keeping them attuned to your life’s changes will give you confidence with regards to your coverage
o Asking, “Do you know?” often leads to “I don’t know”—the scorecard is the first step in plugging these gaps
- On the paper version, you can plot your score on a wheel; if you are supremely confident in all 8 categories, you will score a 12 which will be well-rounded financial wheel that rolls perfectly
- In the next episode, we will talk about tax efficiency
- Shoot us an email to receive the PDF version of the Confident Wealth Scorecard in your inbox
- Check out our website to know more about our team and our various services
- The Confident Wealth Scorecard is a thinking tool and a launchpad to help yo...
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FAQ
How many episodes does The Confident Wealth Podcast have?
The Confident Wealth Podcast currently has 36 episodes available.
What topics does The Confident Wealth Podcast cover?
The podcast is about Wealth, Management, Investing, Financial, Podcasts, Business, Planning and Confidence.
What is the most popular episode on The Confident Wealth Podcast?
The episode title 'The Value of a Financial Advisor: Preparing for Retirement' is the most popular.
What is the average episode length on The Confident Wealth Podcast?
The average episode length on The Confident Wealth Podcast is 21 minutes.
How often are episodes of The Confident Wealth Podcast released?
Episodes of The Confident Wealth Podcast are typically released every 16 days, 21 hours.
When was the first episode of The Confident Wealth Podcast?
The first episode of The Confident Wealth Podcast was released on Sep 26, 2017.
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