Welcome to Money is Freedom, a podcast for people who believe in simple, jargon-free guidance about money and investing. It's also a podcast for people who believe money can be fun and want to guide their thoughts about it in positive directions.
Our host, Dan Danford, serves as President and Chief Executive Officer of Family Investment Center, a full-service, commission-free investment advisory firm. Based in St. Joseph, Mo., Family Investment Center serves clients in the Kansas City area and across 13 states. You'll see his name and those of his team across publications like The Wall Street Journal, U.S. News and World Report, Forbes, Kansas City Star, Chicago Tribune, BusinessWeek and more -- often surrounding somewhat unconventional (but absolutely smart, experience-driven and level-headed) information about money.
If Dan's wisdom has been called upon by these sources for its uniqueness and savvy, it's because he has had a unique journey. He began his investment career more than 30 years ago as a bank trust officer, where he decided there must be a better way to help people reach their goals. He started a successful independent trust company in 1987 and Family Investment Center in 1998. He has been helping people achieve their version of "the good life" in a refreshing commission-free atmosphere ever since. (In fact, client Assets Under Management exceeds $100 million).
Having seen first-hand the many ways bank trust and investment companies work and provide services, he feels strongly that a commission-free firm offers a better way for most people to receive independent, objective advice at reasonable rates, with a high level of personalized service. Now that this type of advice has become popular (and soon mandatory) it's business as usual at Family Investment Center.
Dan holds a bachelor's degree in Marketing from Missouri Western State University, an MBA from Northwest Missouri State University, and an MS in Personal Financial Planning from Kansas State University. He is a CFP® and strongly influenced by his late father, Thad Danford, who made him rent the family's mower for Dan's early lawn mowing business.
Debt: So Misunderstood … Find Out Why You Can Let Go of the Emotional Baggage.
What is debt, really? It’s borrowing money from someone – someone who has extra money – and then paying them for the use of their money. It allows people to have homes for their family; and when used wisely, debt creates liquidity where liquidity is needed. As long as the exchange is fair, it can be a helpful tool … yet society sometimes turns it around. Find out what Dan Danford has to say about letting go of the emotional baggage surrounding debt, and how to use it in positive ways on your journey to your picture of freedom.
In Life, and Retirement, The Chaos May Be The Best Years of Your Life
Who is actually happy out there? Can an advisor be part of that process for an investor?
These are some great questions. Because advisors have seen a lot of life situations and a lot of different outcomes.
As Dan Danford shares in this episode of Money is Freedom, having money doesn’t actually make you happy. But, you may find a greater level of unhappiness at the lack of money.
Money allows you to take care of yourself and those you love, but it’s often not the big issue hanging over you (or a top priority) once you achieve it.
Actually, as Danford explains, money is more of a byproduct. If you focus instead on the way you treat people and the choices you’re making, the success can come from loving what you’re doing and being engaged in that endeavor. Setting out to live your purpose, first, can bring money and happiness as things that “come along” because of your engagement in the process.
Can a financial advisor help you on this path? Yes, if you work with one who knows the “nuts and bolts.” Danford answers key questions about happiness in this episode, and gives you a few new questions to ponder, too.
Don’t Stop Working at 65 – Because The Best is Yet To Come. And You Don’t Want to Miss It.
You may be 65. Or nearing it. Or plan to be one day. If so, know this: Your next few years of working past age 65 could open the doors to a new purpose and new success you never saw coming.
As Dan Danford shares on this insightful podcast, when you’re 65, you may be at your peak career earning years. And you don’t have to walk away. In fact, these years could be the very years that allow you to fulfill your purpose and mission in a season down the road in ways you never imagined.
You can use what you’ve learned to move you closer to your purpose while you keep working for an additional few years. This time could be what allows you to do what you really love to do. The old idea of stopping work at age 65 just doesn’t apply today. People live much longer, and many love their work and are fulfilled by it well into their 60s, 70s and beyond.
Find out Dan’s insights here about a 30-year retirement and finding the purpose and meaning in it, including one story with a surprising and inspiring twist.
The Single Most Important Question in Retirement Isn’t About Money
Dan Danford’s grandfather used to say “Rocking chairs have killed more people than any disease ever could.” His wisdom rings true today. Most people will have a 30-year retirement, which is a longer time span than many people realize or predict. Money is just a tool in retirement to help you accomplish what you want to accomplish. The more important question is what do you plan to do? The answer to this question (how you’ll get up each day, get out and interact with people) is a key piece of a successful retirement formula. Listen today for more insights from Family Investment Center Founder/CEO Dan Danford on this exciting season called retirement.
Sleeping Late and Playing Golf Every Day Gets Old. Fast.
You need a clear plan for your retirement future that has purpose and meaning. As Dan Danford, CEO/Founder of Family Investment Center, tells people often “Retirement success is built around self-discovery. It’s knowing what this time of life should look like for you, and tying that to some purpose. A lot of successful people retire and then get restless and bored pretty quickly with sleeping late and playing golf.”
Is your picture of retirement a little too vague? Are you sacrificing things now in your daily spending, believing you can’t “smell the roses” and still accomplish what you want in retirement?
Listen in this episode of Money is Freedom as Dan Danford explains how the right kind of advisor can solve these challenges – and yes, you can have your latte and enjoy it, too, as you prepare for retirement. There are ways to enjoy life today and still achieve the retirement you want, with a purpose.
Four Surprising Roadblocks to Your Financial Success (And How to Bypass Them)
Retirement is really your own personal freedom tour. It’s your journey to plan, pack and prepare for – and you’re in the driver’s seat. In this episode of Money is Freedom, Dan Danford, Founder/CEO of Family Investment Center, shares five surprising roadblocks to your financial success. (Such as living in a 24-hour news environment. “All or nothing” thinking. Fear of a career change. Not seeing the big picture of retirement as a 25-year opportunity span). He also shares inspiring ways to move through these roadblocks to get to the purpose and joy that’s waiting for you.
advice that makes sense and money
Very informative podcast. Had never thought of mortgages this way. Dan explains where our traditional thinking is not the best choice for us financially. Must listen!
Intelligent Guy & Great Insight
I have really enjoyed listening to the first episodes of Money is Freedom... Can't wait for the rest of the season to come out!