Taming the Financial Chaos

Matt McCoy CFP®, CRPC®, AWMA®
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When it comes to making decisions about our finances, it's not just about the numbers. In Taming the Financial Chaos we're looking at why we make the decisions we do and how those decisions affect the outcome.Matt McCoy is a registered representative of Lincoln Financial Securities Corp. Investments and advisory services offered through Lincoln Financial Securities Corporation, Member SIPC*. Insurance offered through LIncoln affiliates and other fine companies. Securities offered to residents of AL, AZ, CT, FL, HI, MD, ME, NC, NY,PA, SC, TX & VA. Advisory services offered to residents of NC & TX. Branch Office: 1010 North Elm Street, Greensboro, NC 27401. Principles of Financial Planning is not an affiliate of Lincoln Financial Securities Corporation. Lincoln Financial Securities and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances. See Lincoln Financial Securities (LFS’) Form CRS Customer Relationship Summary, available here**, for succinct information about the relationships and services LFS offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. LFS’ Forms ADV, Part 2A, which describes LFS’ investment advisory services, Regulation Best Interest Disclosure Document, which describes LFS’ broker-dealer services, and other client disclosure documents can be found here.** LFS-5708180-052623 *www.sipc.org**https://www.lincolnfinancial.com/public/microsite/lincolnfinancialsecurities/home?utm_source=typed&utm_medium=micrositeredirect&utm_campaign=LincolnFinancialSecurities

Episodes

  1. What Galileo Can Teach Us About Advice

    MAY 27

    What Galileo Can Teach Us About Advice

    In this episode, we’re taking a little detour from the usual financial talk—because sometimes, the most powerful lessons come from unexpected places. We kick things off with a story about Galileo (yes, the telescope guy) and what happened when he challenged what everyone thought was true. It’s not just a history lesson - it’s a reminder of how easy it is to dismiss new ideas without truly listening. And honestly, we see a lot of that happening today. As financial advisors and as human beings, we all give advice, whether we realize it or not. So the real question is: what kind of advisors do we want to be? Are we helping others, or just serving ourselves? We're also talking about why staying curious, open, and kind matters more than ever in this crazy world. What You’ll Hear: A fresh perspective on Galileo and why his story still mattersWhy we’re all “advisors,” even if we don’t have the titleHow we can give better advice by listening firstAnd a little encouragement to keep showing up, even when it’s hardFOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    14 min
  2. AI Can Do a Lot...Except Determine Value.

    02/12/2024

    AI Can Do a Lot...Except Determine Value.

    We're picking up where we left off in our AI discussion on episodes 4 & 9. If you haven't listened to episode 9, it leads right into what we're talking about in this podcast. If you think about it, AI is great at being task-oriented, but not so great at determining value. We've seen this play out in several examples that I've included in this podcast. (Anyone remember Michael Cohen using Google Bard instead of Google Search??) The bottom line is that when it comes to artificial intelligence and decision-making, you likely want to use a service that can be held accountable for the outcome. Here are the articles referenced in this podcast: Ex-Trump ‘Fixer’ Michael Cohen Admits He Accidentally Used Google Bard To Put Fake Cases Into Legal Filing DPD customer service chatbot swears and calls company 'worst delivery firm' Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.  FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    23 min
  3. Competitive Investing: No One's a Winner

    12/20/2023

    Competitive Investing: No One's a Winner

    In this podcast, I'm discussing a blog post that dives into what I call competitive investing. If you find yourself comparing your investments with someone else's...this podcast and blog should resonate with you. Let's talk about why comparing your needs and wants with the goals of others will likely not give you the retirement YOU really want and why it's impossible to determine a winner in this "game." Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.  FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    8 min
  4. AI: Should You Trust Financial Decisions to Something That Can't be Held Accountable?

    12/13/2023

    AI: Should You Trust Financial Decisions to Something That Can't be Held Accountable?

    Welcome to a continuing discussion about AI! We addressed AI in a previous podcast and how it relates to robo-advisors; in this episode, we're looking at the story of the Air Force drone simulation that could have potentially killed its operator*. This scenario leads us to this question: Should we entrust decisions to something that we know is not perfect and cannot be held accountable? That's what we're unpacking today. (*This story has been reported as false by some media outlets. CLICK HERE to read the story I refer to in the podcast.) Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.  FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    16 min
  5. Is ESG Investing Really the Solution We've Been Promised?

    11/01/2023

    Is ESG Investing Really the Solution We've Been Promised?

    Is ESG investing the right solution for the problems we’re experiencing globally? And is it possible that this “solution” can cause adverse effects? In our ESG series, we’ve covered the cost of ESG investing – now we’re looking at the potential benefits and results. We’re also looking at real-world examples of how companies are being evaluated and compared – what makes one company “Brown” and another company “Green”? Is it a fair comparison? And what’s the trickle-down effect on the consumer? While the concept of ESG investing seems like a no-brainer that everyone should be on board with, it’s important to know all the facts, something that your advisor might help you with. SOURCES: Are E.S.G. Investors Actually Helping the Environment? Counterproductive Sustainable Investing: The Impact Elasticity of Brown and Green Firms The ESG-Innovation Disconnect: Evidence from Green Patenting Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities. Environmental Social Governance (ESG) has certain risks based on the fact that the criteria excludes securities of certain issuers for non-financial reasons and, therefore, investors may forgo some market opportunities and the universe of investments available will be smaller FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    18 min
  6. Greenwashing, Fees, and Risks: Another Look at ESG Investing

    10/01/2023

    Greenwashing, Fees, and Risks: Another Look at ESG Investing

    In our first episode on ESG Investing, we took a look at what it is and the complications that can be involved. Now we're looking at ESG investments and things to take into consideration should we choose to move forward with this type of strategy. We will have a special focus on greenwashing and the potential impact on fees that might be involved. We're also looking at some of the risks involved. Bottom line: When it comes to investing, it pays to do your research and/or work with a professional who can help you make informed decisions. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities. Mutual funds and exchange traded funds are offered by prospectus only. Investors should carefully consider investment objectives, risks, charges, and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial advisor. Articles referenced in this podcast: ESG investing today is somewhere between a joke and a scam. We need to act, fast Stop the ESG Nonsense Morningstar Finds ESG Funds Are More Expensive Than Conventional Funds FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    24 min
  7. ESG Investing: Is it really what it says it is?

    09/01/2023

    ESG Investing: Is it really what it says it is?

    ESG Investing: What is it? How effective is it REALLY?  We’re putting ESG Investing under the microscope without venturing into politics – yes, that IS possible! While it might seem that ESG Investing is pretty cut and dry – they’re not polluting the planet so I should invest in them – that’s actually not the case. Currently, there are over 140 firms in the US alone that have different scoring systems for evaluating ESG investment opportunities. So, how can that be anything but subjective? Could ESG Investing be the right option for you? Maybe. But like anything to do with your finances...let's get all the information we need before moving forward. Articles Referenced in Discussion: Biden administration loosens Trump-era investing rules around environment, social and governance funds for 401(k) plans Wall Street wants to end Trump-era ESG fund rule for 401(k) plans Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.  Environmental Social Governance (ESG)  has certain risks based on the fact that the criteria excludes securities of certain issuers for non-financial reasons and, therefore, investors may forgo some market opportunities and the universe of investments available will be smaller  FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    27 min
  8. Man vs. Machine: How Automated is AI?

    08/01/2023

    Man vs. Machine: How Automated is AI?

    Technology brings wonderful benefits…and some drawbacks.  Today we’re looking at the tasks that machines can complete and where human reason and thought puts information into context. Artificial intelligence (AI) is all over the news today. While you might think that technology is fully automated, we’re looking at how humans still have their hand in AI. Why is this important? Before you consider working with a robo-advisor…listen to this podcast.  You can also access the blogs about this topic here: Robo-Advisors: What Service Are They REALLY Providing? When it Comes to Robo-Advisors...Who's REALLY Pulling the Strings? Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.  FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    19 min
  9. How Resilient Are Your Finances?

    07/01/2023

    How Resilient Are Your Finances?

    How quickly could you tell me the impact of these purchases on your finances: ·         A $10m mansion at the beach? ·         A cup of Starbucks coffee? ·         A home improvement or new car? People tend to freeze on that third question because we don’t know how resilient our finances are. We’re discussing how planning involves measuring, defining the problem, and finding solutions. This involves something that many people aren’t comfortable with: being vulnerable. At Principles of Financial Planning, we use what’s called a Slack Evaluation to help our clients understand how resilient their finances are. CLICK HERE to find out more about that service. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.  FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    20 min
  10. How CONDITIONS Can Affect Our Financial Outcomes

    06/02/2023

    How CONDITIONS Can Affect Our Financial Outcomes

    In our last podcast, we discussed how uncertainty and chance can affect our financial planning. Now, let's talk about how the conditions around our circumstances can also play a significant part. We know where we want to be when it comes to retirement...but how do we get there? Something to consider is the 6 Principles of Financial Planning outlined by yours truly in this podcast! Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.  FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    35 min
  11. How Much Control do You REALLY Have Over Your Finances?

    05/17/2023

    How Much Control do You REALLY Have Over Your Finances?

    Have you ever wondered how much of financial planning we can control...and how much is left to chance? Principles of Financial Planning Advisor Matt McCoy, CFP®, CRPC®, AWMA® digs into control as it relates to your finances, discussing one key question: Do we really HAVE control? In this podcast, we look at chance, conditions, and how experience influences our financial choices. Many things can affect our financial planning, and it's essential to understand how each element interacts with the other. Ready to tame the financial chaos in your life? Let's get started. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.  FOLLOW PRINCIPLES OF FINANCIAL PLANNING ON SOCIAL! LinkedIn Facebook For more information about Principles of Financial Planning, including disclosures, CLICK HERE. Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Principles of Financial Planning and LPL Financial are separate entities.

    39 min
  • 11 Episodes

About

When it comes to making decisions about our finances, it's not just about the numbers. In Taming the Financial Chaos we're looking at why we make the decisions we do and how those decisions affect the outcome.Matt McCoy is a registered representative of Lincoln Financial Securities Corp. Investments and advisory services offered through Lincoln Financial Securities Corporation, Member SIPC*. Insurance offered through LIncoln affiliates and other fine companies. Securities offered to residents of AL, AZ, CT, FL, HI, MD, ME, NC, NY,PA, SC, TX & VA. Advisory services offered to residents of NC & TX. Branch Office: 1010 North Elm Street, Greensboro, NC 27401. Principles of Financial Planning is not an affiliate of Lincoln Financial Securities Corporation. Lincoln Financial Securities and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances. See Lincoln Financial Securities (LFS’) Form CRS Customer Relationship Summary, available here**, for succinct information about the relationships and services LFS offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. LFS’ Forms ADV, Part 2A, which describes LFS’ investment advisory services, Regulation Best Interest Disclosure Document, which describes LFS’ broker-dealer services, and other client disclosure documents can be found here.** LFS-5708180-052623 *www.sipc.org**https://www.lincolnfinancial.com/public/microsite/lincolnfinancialsecurities/home?utm_source=typed&utm_medium=micrositeredirect&utm_campaign=LincolnFinancialSecurities

Information

  • Creator
    Matt McCoy CFP®, CRPC®, AWMA®
  • Years Active
    2023 - 2025
  • Episodes
    11
  • Rating
    Clean
  • Copyright
    © 2025 Taming the Financial Chaos
  • Show Website
    Taming the Financial Chaos