66 episodes

Young families receive little to no personal finance help. We all grow up to have jobs and money, yet our education system focuses on Shakespeare and Algebra. Even professional advice can be hard to come by, with the majority of the industry chasing retirees and existing wealth.

Joe Okaly's podcast is aiming to change this, providing personal financial advice geared specifically to professionals with young families. This podcast is dedicated to making life more enjoyable for young families, by hitting on the financial topics that tend to weigh on us, stress us out, and distract our focus from simply enjoying life.

Joseph P Okaly is a CFP Certified Financial Advisor who fits directly in with who this podcast is focused on - a young professional with a family. With over a decade of experience as an advisor, there is passion and knowledge to make a difference.

Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Enjoy More 30s: Family Finance Joseph P. Okaly

    • Education
    • 5.0 • 13 Ratings

Young families receive little to no personal finance help. We all grow up to have jobs and money, yet our education system focuses on Shakespeare and Algebra. Even professional advice can be hard to come by, with the majority of the industry chasing retirees and existing wealth.

Joe Okaly's podcast is aiming to change this, providing personal financial advice geared specifically to professionals with young families. This podcast is dedicated to making life more enjoyable for young families, by hitting on the financial topics that tend to weigh on us, stress us out, and distract our focus from simply enjoying life.

Joseph P Okaly is a CFP Certified Financial Advisor who fits directly in with who this podcast is focused on - a young professional with a family. With over a decade of experience as an advisor, there is passion and knowledge to make a difference.

Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

    Great Grandma's Roast | Series 8.2

    Great Grandma's Roast | Series 8.2

    Just because it made sense then, doesn't mean it makes sense now! Re-evaluate!
    So it's one thing to do something, and quite another to understand why you do it. (02:14)
    And while some of these actions may have made sense at some point in time, or were taught to us to make sense in some situations, that doesn't mean they necessarily still make sense for us today. (02:24)
    Regular evaluation is what makes us more intentional, what makes us more purposeful with our actions. (02:35)

    Quote for the episode: "If we're regularly asking ourselves, 'will this make my life more or less enjoyable', then we can be more objective and intentional in deciding what actions we actually want to take." (02:58)
    Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

    • 4 min
    Belling the Kitten | Series 8.1

    Belling the Kitten | Series 8.1

    It's one thing to say a task should be done but it's a different matter to actually do it!
    But in the midst of the rejoicing over the good fortune, an old mouse rose and said, "I will say that the plan of the young mouse is very good. But let me ask one question, who will bell the cat?" (02:59)
    "...if you actually go out with that bell, more times than not, it's not as hard or as scary as you may think." (04:13)

    Quote for the episode: More times than not it's not a scary cat with giant claws, it's a little cute kitten, and you're gonna leave saying 'why didn't I do that earlier?' (04:20)
    Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

    • 5 min
    Raising Your Investment Mindset - Series Recap | 7.10

    Raising Your Investment Mindset - Series Recap | 7.10

    Recapping the 9 episodes that reframe our investment mindset to ease financial anxiety!
    The worst 15 year period in the market over that same period of time going back to 1970, positive 3.7%, same exact index, different time period, very different result. (06:04)
    Uncertainty on the other hand, we talked about how it does historically show a high correlation with volatility: financial crisis of 2008, COVID in 2020, the uncertainty period was the drop. Once there was more perceived certainty, a plan of action, what are we going to do? The market started its recovery. (07:29)
    When you use a mathematical statistically diversified portfolio, the goal is like that of a healthy cookie, we want the most delicious flavor that we can get for the least amount of unhealthy ingredients. (13:46)

    Quote for the episode: "The fear should not be paying for advice, it should be not getting something for that advice, not getting the value that you're paying for." (15:35)
    Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

    • 20 min
    Advice Should Trump Fees - The 3% Study | Series 7.9

    Advice Should Trump Fees - The 3% Study | Series 7.9

    Is the financial advice you're receiving worth it?
    Goal statement: I now better understand how advice versus fees for that advice can separately affect my situation. (02:13)
    Pensions are mostly a thing of the past and Social Security is not going to replace your six figure salary that you and your spouse have. You are now responsible for your own retirement in this society. (04:26)
    When they came out then, so Vanguard, this low fee, low cost company, when they came out and said their research showed that having a proper advisor could add 3% per year in overall net worth growth above what you would have gotten without them? (06:13)

    Quote for the episode: " This study didn't even talk about things that a good comprehensive adviser will be doing for you, like taking advantage of say matching contributions through work, or analyzing your cash flow to maximize how much you could save every month, or making sure you have the right life insurance or disability insurance so it doesn't blow up all in your face." (10:07)
    Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

    • 16 min
    Emotionally Abnormal, Statistically Normal, and Healthy Cookies | Series 7.8

    Emotionally Abnormal, Statistically Normal, and Healthy Cookies | Series 7.8

    If we learn about normal fluctuations ahead of time, then we'll be better prepared to cope with those inevitable market downs.
    Goal statement: "I now better understand how much up and down is normal for investments so I'm better prepared to not freak out when it does." (01:50)
    ...he [Dr. Markowitz] could now mathematically mix together what should produce the most return for the level of risk someone was willing to take, which is fantastic, right? (06:14)
    So when you get to a year with this portfolio goes down 12%, you could say that is actually normal. This should happen once roughly out of every 10 to 11 years. (08:47)

    Quote for the episode: "And as the time period gets shorter, that range of possible returns increases. So the range for what can happen in any one month is much more than what can happen over say a 15 year period of time." (09:19)
    Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

    • 12 min
    Bingo! You Probably Own More Than the Market | Series 7.7

    Bingo! You Probably Own More Than the Market | Series 7.7

    When you hear news about "the market", how much is actually applicable to your investments?
    Goal statement: I better understand what they mean when they say 'the market', and how that actually relates to my investments. (01:42)
    When you hear about the market on TV, most people's reaction is either "Oh no", when it does, something bad when it goes down or "Great! Yes", when it goes up. However, they are not talking about your specific investment. (03:10)
    We could break this down, in fact, much further because out of your stock piece, maybe it isn't all in the SandP 500 maybe part of the equity or the stock pieces in real estate funds, maybe foreign funds, maybe small cap funds, small company funds, which are all different than the SandP 500. (05:51)

    Quote for the episode: "Basically, just look down at your bingo card that is your investment account and make sure, before you get worried, that it is actually matching what's on your card." (06:53)
    Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

    • 8 min

Customer Reviews

5.0 out of 5
13 Ratings

13 Ratings

kcamp24 ,

Educational, relatable, and quick!

It can be daunting trying to figure out how to save for a wedding, car, house, etc.... Joe does a great job of providing information without leaving me overwhelmed!!

gameiiiiiii ,

Exceptionally easy to understand

Thank you for lessening my anxiety each week by simplifying my financial outlook and preparation for the future. Your easy manner and analogies into your family life allow each step to be uncomplicated and tension-free.

lexborino ,

SO good!

Joe is SO relatable! This is not just your typical run of the mill finance podcast. This is something anyone & everyone can listen to and learn from! I have basically zero knowledge when it comes to finances, kinda just do as I’m told but after episode 1, I already feel soo much more confident! Coming into 2021 ready to get it together! Thanks Joe!

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