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  • #48 Paying Off Debt Made Simple: Strategies That Work

    #48 Paying Off Debt Made Simple: Strategies That Work
    2024/11/26

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    Unlock the secrets to financial freedom with insights from Ryan Nelson, the founder of Alchemy Wealth Management. Discover how you can regain control over your finances by mastering debt payoff strategies. Whether you prefer the empowering momentum of the snowball method or the interest-saving avalanche approach, this episode promises to guide you through the pros and cons of each, helping you choose the path best suited to your financial goals. Ryan lends his expertise to demystify these methods and offers invaluable advice on paving your personal road to financial independence.

    But financial success isn't just about numbers. We also explore how prioritizing sleep and exercise can boost your energy and productivity. As hosts, we share our personal experiences of balancing active lifestyles with the demands of parenthood, emphasizing the importance of a consistent sleep routine. We touch on intriguing connections between sleep, heart rate variability, and financial success, hinting at future episodes where we will delve into these correlations. Remember, personal finance is a unique journey, and our insights aim to entertain and inform, not replace personalized professional advice.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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    20 分
  • #47 Book Smart: Your Ultimate Guide to Financial Literacy Reads

    #47 Book Smart: Your Ultimate Guide to Financial Literacy Reads
    2024/11/19

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    Want to transform your financial mindset and align your money with your values? Listen as we, Aaron Hoisington and Ryan Nelson, promise to guide you through a treasure trove of financial wisdom. We start off with Ryan's top five book picks, shining a spotlight on "The Total Money Makeover" by Dave Ramsey and "Rich Dad, Poor Dad" by Robert Kiyosaki. These books bust myths about debt and wealth, setting the foundation for smarter financial planning. As we navigate through these transformative reads, we also introduce Ryan's own work, "The Fiscal Physical," and discuss how these literary gems can empower you to rethink your approach to money, experiences, and long-term goals.

    Get ready to challenge conventional wisdom and explore the delicate balance between saving and spending, as we bring insights from Bill Perkins' "Die With Zero." With a focus on the struggles of diligent savers, this episode emphasizes the importance of meaningful wealth spending without compromising future security. From "The Psychology of Money" to "The Millionaire Next Door," we recap essential reads that promise to enhance your financial literacy and quality of life. Whether you're a seasoned saver or new to financial planning, our discussion aims to inspire you to align your financial actions with your personal values, making the most of every dollar.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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    21 分
  • #46 The Behavior Gap: Why We Invest the Way We Do

    #46 The Behavior Gap: Why We Invest the Way We Do
    2024/11/12

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    Unlock the secrets to bridging the behavior gap and transform your financial decisions with insights from Aaron and Ryan Nelson, the founder of Alchemy Wealth Management. Ryan joins us to explore the fascinating disconnect between the sound choices we know we should make and the emotional responses that often derail us. Discover why not every decision needs to be purely financially driven, with relatable examples like car purchases where personal taste intertwines with financial reasoning. Ryan shares real-world insights from his practice, revealing how financial advisors can help clients close the behavior gap, especially during market fluctuations, to enhance their long-term financial success.

    Dive into the nuances of investment returns as we spotlight the S&P 500's role in illustrating a striking behavior gap. You'll learn how timing and emotional reactions can lead investors to trail behind benchmark averages, with a stark 3.5% gap for stocks and an even more significant one for fixed income investments. With a touch of humor and references to "Men in Black," we stress the value of keeping an open mind in both investing and life. As a sneak peek into our upcoming conversation, we tease our exploration of brand loyalty and how beloved companies and products can sway financial decisions. Tune in for a thought-provoking episode that promises to elevate your financial literacy and decision-making prowess.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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    20 分
  • #45 The Balancing Act: Supply vs. Demand Simplified

    #45 The Balancing Act: Supply vs. Demand Simplified
    2024/11/05

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    Ever wondered why a flood of rubber ducks would send prices plummeting, or how the price tag on your medication is determined? Tune in to this week's episode of the Fiscal Physical Podcast, where we promise to unravel the mysteries of supply and demand with some surprising twists. We start by demystifying these economic cornerstones, using vivid examples like the quirky case of an oversupply of rubber ducks to illustrate how markets react to changes in supply and demand. This foundational knowledge sets the stage for a deeper conversation on the pharmaceutical industry, where we tackle the ethical and economic complexities of drug pricing. With the drug Ozempic as our focal point, we explore the delicate balance between consumer demand, development costs, and the ethical challenges posed by pricey medications.

    Later, we shift gears to explore the modern work environment with business owner Ryan Nelson, who shares his unique perspective on productivity and work hours. His experience as both an employee and employer provides a fresh take on the often-misunderstood relationship between time spent at work and actual productivity. We delve into surprising statistics that highlight the gap between the hours we clock in and the productive work we achieve, challenging the traditional 40-hour workweek's effectiveness. Ryan emphasizes the importance of quality, focused work and the hurdles of maintaining productivity throughout the day. This conversation offers a thoughtful lens on achieving work-life balance and rethinking productivity in today's dynamic workplaces. Don't miss this engaging episode that promises to expand your understanding of economic principles, ethics, and workplace productivity.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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    25 分
  • #44 Annuities Uncovered: The Good, the Bad, and the Secure

    #44 Annuities Uncovered: The Good, the Bad, and the Secure
    2024/10/29

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    Unlock the secrets to creating your own pension-like income stream with annuities, guided by our insightful guest, Ryan Nelson, founder of Alchemy Wealth Management and author of "Your Fiscal Physical." Join us as we demystify annuities, exploring their potential to provide a reliable lifetime income, much like a self-created pension. We navigate the intricate balance between their protective benefits and the often-overlooked complexities, emphasizing the importance of differentiating between insurance products and investments. Annuities serve as a financial shield, ensuring you don't outlive your savings, offering peace of mind against the uncertainties of retirement.

    Discover both the allure and challenges of integrating annuities into your retirement strategy. We'll shed light on how these financial tools can relieve you from the worries of market volatility and investment management, delivering a steady monthly income. However, it's vital to be informed about potential downsides, such as hidden fees and possibly lower returns compared to other investment avenues. By drawing parallels between annuities and timeshares, we provide a honest perspective to help you decide if annuities are the right fit for your financial future. This episode is a must-listen for anyone seeking a practical and accessible guide to retirement planning with annuities.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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    21 分
  • #43 Credit Confidence: A Guide to Mastering Your Credit

    #43 Credit Confidence: A Guide to Mastering Your Credit
    2024/10/22

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    What if your credit score could be the key to unlocking your financial freedom? This week on the Fiscal Physical Podcast, we promise you'll walk away with a comprehensive understanding of credit and how to master it. You'll discover the critical components of your credit score and learn actionable tips for improving it. We'll break down the five main factors that influence your FICO score, with particular emphasis on why payment history is king. By the end of this episode, you'll have the tools and knowledge to take full control of your financial health.

    But it’s not all numbers and graphs! We also bring some fun into the mix with a spirited trivia segment focused on the state of Nevada, where Ryan Nelson dazzles us with his impressive knowledge. We wrap things up with a lighthearted conclusion and a reminder that personal finance is a deeply personal journey. Remember, our insights are here to entertain and inform, but always consult a professional for tailored advice. Join us for an episode packed with valuable tips and engaging discussions that will keep you motivated on your financial journey!

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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    18 分
  • #42 Life Insurance 101: Ensuring Financial Security

    #42 Life Insurance 101: Ensuring Financial Security
    2024/10/15

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    What if understanding life insurance could safeguard your family's future and provide the financial stability you need? Join us on the Fiscal Physical Podcast as we sit down with Ryan Nelson, founder of Alchemy Wealth Management, who demystifies life insurance and its vital role in protecting your loved ones. Ryan explains the nuances between term and permanent insurance, emphasizing the significance of life insurance as a crucial tool for income replacement in the unfortunate event of premature death. He also shares expert advice on consulting with an insurance advisor to tailor the perfect policy to your needs, and why you should be cautious about treating life insurance as an investment.

    Imagine life insurance as either renting or buying a house—Ryan uses this compelling analogy to make sense of term versus permanent policies. Term insurance, like renting, offers temporary coverage for a set period, whereas permanent insurance, akin to buying a home, provides lifelong coverage with the added benefit of cash value accumulation. Whether you're considering mortgage coverage or income replacement, understanding these differences is key to making an informed decision. Listen in for practical tips and indispensable insights to secure financial stability for your dependents and navigate the complexities of life insurance.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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    25 分
  • #41 Strategic Trusts: Securing Your Financial Future

    #41 Strategic Trusts: Securing Your Financial Future
    2024/10/08

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    Ever wondered how financial trusts can simplify your life and secure your assets? In this episode, we promise you'll gain a clear understanding of what trusts are and how they function. Join us as we chat with Ryan Nelson, the founder of Alchemy Wealth Management and author of "Your Fiscal Physical." Ryan breaks down the complexities of financial trusts, making them accessible and easy to understand. He elaborates on the benefits of revocable living trusts, providing the flexibility to manage your assets while still alive. Plus, he stresses the importance of consulting with an estate planning attorney to ensure everything is set up correctly.

    But that's not all—get ready to be inspired by Ryan's incredible journey of embracing risks. From the physical challenges of Ironman triathlons to a daring career shift from engineering to financial advising, Ryan’s experiences are nothing short of motivational. Hear about his adventures, like studying abroad in Costa Rica without knowing the language and moving to Reno with limited resources. These stories highlight how taking calculated risks can lead to life-changing and rewarding outcomes. Tune in to glean both financial wisdom and life lessons from someone who has truly walked the talk.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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    19 分