FPOG: Financial Planning for Oil & Gas Professionals Brownlee Wealth Management

For more information and show notes visit: www.bwmplanning.com/post/79
In this episode of FPOG, Justin and Jared dissect JP Morgan's 2024 Global Family Office Report. What can research from the biggest bank in America on some of its wealthiest clients teach us? We discuss our favorite parts of the report and takeaways for Oil & Gas professionals.
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Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.

In this episode of FPOG, Justin and Jared discuss the most common mistakes they see related to constructing an investment allocation. They also talk through best practices when it comes to thinking through how to construct your mix of investments.
For more information and show notes visit: https://bwmplanning.com/post/78
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Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.

For more information and show notes visit: https://bwmplanning.com/post/77
In this episode of FPOG, we're excited to bring back our lightning round format and it's been a while since it's just been the two of us—Justin and Jared—diving into your questions and our thoughts on various financial planning strategies and investment insights.
Key Topics Discussed:Roth IRA Utilization: We kicked off the episode with a deep dive into when to use a Roth IRA. Despite our strong advocacy for Roth IRAs due to their tax-free growth and benefits as a legacy asset, we explored the nuanced decisions about when it might actually make sense to spend from a Roth IRA. Scenarios like managing Medicare premiums or specific high-tax situations were discussed as potential exceptions to the general rule of preserving Roth IRA funds.Financial Planners Having Financial Planners: Next, we tackled a meta-question—do financial planners have their own financial planners? We shared our personal experiences and the benefits of having a sounding board, even as experts. The discussion highlighted the importance of objectivity and the different perspectives a financial planner can offer, even to those who are themselves in the profession.Chipotle's Stock Analysis: Lastly, we spiced things up with a discussion about Chipotle's stock performance. Despite some perceived declines in product quality, Chipotle's stock has seen impressive gains, which led us to explore the complexities of stock valuation, market expectations, and the sometimes tenuous link between a company's stock performance and its operational realities.
This episode was packed with insights from listener questions and our ongoing observations of the financial space. Whether discussing investment vehicles like Roth IRAs, the dynamics of financial planning within our profession, or analyzing individual stock performances, our goal is to provide you with thoughtful and actionable financial advice tailored to the unique needs of oil and gas professionals.
Remember, if you have questions or topics you'd like us to explore in future episodes, don't hesitate to reach out at podcast@brownleewealthmanagement.com. Thanks for tuning in, and we look forward to bringing you more insights in our next episode!
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Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.

For more information and show notes visit: https://bwmplanning.com/post/76
Today, Justin dives deeper into a topic we touched on a few weeks ago with Nathan—career paths within the oil and gas industry.
Recap of the Three Career Paths:
Working at a Major or Supermajor: This path offers a stable and potentially lucrative career, with salaries ranging from $200,000 to $400,000 annually. It's arguably the easiest path to accumulate around $5 million in investable assets by retirement.Climbing the Corporate Ladder or Specializing in Trading: This path can lead to even higher income levels, from $700,000 to over a million dollars annually. It presents a straightforward route to amassing $10 to $20 million by mid-career.Entrepreneurship and Ownership: This involves starting your own business or acquiring a significant stake in a smaller company. While riskier, this path can lead to substantial financial rewards if the business succeeds.
Choosing the right career path in oil and gas, aligned with personal and financial goals, can significantly impact your long-term wealth. Whether you opt for the stability of a major company, the high-income potential of corporate advancement, or the entrepreneurial route, strategic financial planning is crucial.
Thank you for tuning in, and don't forget to visit our website for more insights and to subscribe to our podcast.
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Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.

For more information and show notes visit: https://bwmplanning.com/post/75
This episode of FPOG features a Meet the Team segment with Cari Lingle, the newest member of Brownlee Wealth Management.
Cari shares:
Her background in financial analysis and educationHer transition to financial planningAnd her alignment with the firm's values
She brings a wealth of experience in financial analysis and education, and she's now transitioning into financial planning after completing her CFP education and passing the exam.
Cari connected with Justin through their kids' school and found that her interests in financial planning aligned perfectly with our firm's approach. She has spent her career in various financial roles, starting in corporate banking and moving into financial counseling for military service members. Cari's analytical skills and ability to communicate complex financial concepts make her a valuable addition to our team.
Originally from Southern California, Cari has lived all over the United States due to her husband's career in the Navy. They eventually settled in Texas, where she has fully embraced the Fort Worth community, though she admits she's not looking to move anywhere else in Texas outside her beloved neighborhood.
We also discuss her educational journey, which includes not only the CFP but also two levels of the CFA exam. She's a lifelong learner who enjoys the challenge of mastering new areas of finance. Her decision to join Brownlee Wealth Management was driven by her desire to work with a small, independent, fee-only firm that focuses on providing high-quality service to a select number of clients.
For fun, Cari loves to travel and meticulously plan her trips, with a trip to Japan currently in the works. She also enjoys baking creative cakes for her children's birthdays, recently making a hit koala cake for her daughter's 8th birthday:
We're excited to have Cari on board and look forward to the expertise and passion she brings to our team. If you have any ideas for future episodes or want to give us feedback, reach out to us at podcast@brownleewealthmanagement.com.
Remember to subscribe to our podcast for more insights on optimizing investments, lowering future taxes, and growing your wealth, specifically tailored for those in the oil and gas profession.
Tune in to learn more about Cari and her role in optimizing investments and growing wealth for oil and gas professionals.
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Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.

For more information and show notes visit: https://bwmplanning.com/post/74
On this episode of Financial Planning for Oil and Gas Professionals, hosts Justin and Jared, along with guest Nathan, delve into the different career tracks within the oil and gas industry and the financial planning implications associated with each track. They discuss the allure of entrepreneurship and owning a business as a path to wealth, providing valuable insights for professionals in the field. Tune in to gain valuable knowledge on optimizing investments, lowering taxes, and growing wealth in the oil and gas sector.
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Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.