Money Therapy

Brandan Chasteen

Fact: most of us are in a terrible relationship with money! Maybe you don't have enough and you are stressed, worried, or fearful of a daunting future and your financial goals. Maybe you have enough but you are paralyzed in a decision for fear of making a money mistake. Maybe the simplest budget is anxiety-inducing. Maybe greed has an unhealthy grip on your life. $$$ missteps are not because of the money. $$$ Mistakes are because of our own attitudes, biases, and emotions! Host, Brandan Chasteen, discusses our financial behaviors, biases, and attitudes to promote financial health.

  1. 06/18/2024

    Are 401(k)s a Scam?

    Are 401(k)s a Scam? In this episode of Money Therapy, we tackle a question that has sparked countless debates: Are 401(k)s a scam? From conspiracy theories to genuine concerns, many people question whether these retirement accounts are beneficial or just another mechanism to inflate the stock market. Imagine having a conversation with someone who believes that 401(k)s are just a tool used by the government to prop up the economy. It’s an intriguing perspective, but is there any truth to it? This episode takes a deep dive into this controversial topic, challenging the conventional wisdom and exploring the complexities of 401(k)s and their impact on your financial future. We’ll explore the surprising connections between the stock market and the real estate market. Are they really as different as they seem, or do they rely on each other more than we think? By revisiting the 2008 financial crisis, we uncover how these markets intertwine and influence the broader economy.  We also examine the government’s role in promoting 401(k)s. Are these tax-advantaged accounts simply a strategy to support the economy, or do they offer real benefits for retirement savings? We break down how 401(k)s are designed to prepare Americans for retirement and alleviate the burden on social systems like Social Security. Throughout the episode, we address the skepticism and concerns surrounding 401(k)s, providing a balanced view on whether these accounts are scams or valuable tools for wealth accumulation. We also compare alternative investment options to help you make informed decisions about your financial future. Join us as we separate fact from fiction and provide you with the insights you need to navigate the complex world of retirement planning. Are 401(k)s a scam, or are they a crucial component of a well-rounded financial strategy? Tune in to this eye-opening episode of Money Therapy and discover the truth about 401(k)s. Don’t miss out on this essential conversation that could transform your approach to retirement savings. Subscribe, rate with 5 stars, and share the episode to help others uncover the reality behind 401(k)s. Make sure you contact us if you are interested in our 1-week financial mastery webinar, “The Path to Wealth and Well-being: A 3-step Journey to Living the Life You Want.” The course is offered monthly. We are happy to answer more questions for you. Feel free to email us or leave a comment! If you have any financial topics or questions you'd like us to cover in a future episode, please email Brandan, and we'll do our best to deliver the content you're looking for. Your feedback is important to us!  Feel free to email Brandan at bmc@harpethwealthpartners.com and learn more about Harpeth Wealth Partners on our WEBSITE 📧💼🌐 Subscribe now to Money Therapy and learn how to simplify your investment approach for greater success. 🚀💰📈 Listen! Leave us a review! Subscribe! Share! #401k #RetirementPlanning #InvestmentTruths #FinancialEducation #MoneyTherapy Music by Ellyahna Chasteen Edited and Produced by Ellyahna Chasteen

    39 min
  2. 06/11/2024

    Know Thy Enemy: Overcoming Obstacles to Wealth

    Hidden enemies are trying to sabotage your journey to financial success. In this episode of Money Therapy, we uncover the critical obstacles that can derail your wealth-building efforts and show you how to conquer them. First, we revisit the "Silent Wealth Killer": Inflation. Understand how inflation quietly erodes your purchasing power and discover strategies to fight back, including investing in assets like stocks and real estate. Next, we tackle Inefficient Cash Flows. Learn how cash flow inefficiencies can cripple your finances and get actionable steps to optimize your cash flows, such as automating savings and implementing effective cash flow management tools. Overpaying Taxes can drain your wealth. We offer practical advice on optimizing your tax strategies, utilizing tax-advantaged accounts, and staying updated on tax laws to keep more of your hard-earned money. Inadequate Insurance is a risk that many overlook. Understand the importance of different types of insurance (property, life, disability) and learn how to review and update your policies to ensure you're adequately protected. Fear of Taking Risks can hinder wealth building. Gain insights into taking small, calculated risks and creating a balanced risk management strategy with the help of a financial advisor. Finally, discover the importance of Investing in Yourself. Hear inspiring stories of individuals who invested in personal growth and reaped significant rewards. Learn how to identify areas for development and set personal growth goals to enhance your financial journey. Tune in to this episode of Money Therapy to equip yourself with the knowledge and strategies to defeat these hidden enemies and unlock your true wealth-building potential. It's time to take control of your financial destiny. Make sure you contact us if you are interested in our 1-week financial mastery webinar, “The Path to Wealth and Well-being: A 3-step Journey to Living the Life You Want.” The course is offered monthly. We are happy to answer more questions for you. Feel free to email us or leave a comment! If you have any financial topics or questions you'd like us to cover in a future episode, please email Brandan, and we'll do our best to deliver the content you're looking for. Your feedback is important to us!  Feel free to email Brandan at bmc@harpethwealthpartners.com and learn more about Harpeth Wealth Partners on our WEBSITE 📧💼🌐 Subscribe now to Money Therapy and learn how to simplify your investment approach for greater success. 🚀💰📈 Listen! Leave us a review! Subscribe! Share! #InvestmentStrategy #FinancialFreedom #SmartInvesting #MoneyTherapy Music by Ellyahna Chasteen Edited and Produced by Ellyahna Chasteen

    54 min
  3. 06/04/2024

    For Best Results: PAY LESS ATTENTION!

    Ever felt overwhelmed by the constant need to monitor your investments? You’re not alone. In this episode of Money Therapy, Brandan Chasteen, CFP®, and Bill Magill try to shed light on a surprising yet powerful approach: paying less attention to your investments might actually lead to better results! Join us as we work through the paradox of why less oversight can sometimes yield greater financial success. While we're often told to manage our budgets and spending meticulously, the same level of scrutiny applied to investments can drive us crazy and even hinder our financial growth.  We'll dive into the insights behind the Vanguard study, which reveals that the average investor in their best mutual fund loses money or gets only a fraction of the returns they should be getting. Why does stepping back from constant vigilance seem to be the best advice over time? Discover Brandan’s thoughts on controlling the controllables and letting go of what we can't manage. We'll explore how faith in the process, combined with strategic, low-maintenance investing, might just be the secret to financial peace of mind. Tune in to understand how embracing uncertainty and focusing on what you can control can transform your investment strategy. This episode isn’t just about theory; it’s about practical steps you can take to optimize your financial journey without the constant stress. Send us an email of ways we can improve! What do you want to hear more of? How can we help you accelerate your path to wealth and help you protect the wealth you have created?  Make sure you contact us if you are interested in our 1-week financial mastery webinar, “The Path to Wealth and Well-being: A 3-step Journey to Living the Life You Want.” The course is offered monthly. We are happy to answer more questions for you. Feel free to email us or leave a comment! If you have any financial topics or questions you'd like us to cover in a future episode, please email Brandan, and we'll do our best to deliver the content you're looking for. Your feedback is important to us!  Feel free to email Brandan at bmc@harpethwealthpartners.com and learn more about Harpeth Wealth Partners on our WEBSITE 📧💼🌐 Subscribe now to Money Therapy and learn how to simplify your approach to investments for greater success. 🚀💰📈 Listen! Leave us a review! Subscribe! Share! #InvestmentStrategy #FinancialFreedom #SmartInvesting #MoneyTherapy Music by Ellyahna Chasteen Edited and Produced by Ellyahna Chasteen

    43 min
  4. 05/28/2024

    Building Your Arsenal for Wealth Creation

    Ready to revolutionize your financial journey? In this episode of Money Therapy, we dive deep into the power of an abundance mindset and its pivotal role in wealth creation. Do you find yourself trapped in scarcity thinking, always feeling like there's never enough? It's time to flip the script and embrace the mindset that can propel you toward financial success. **Understanding Abundance Mindset:** Discover what an abundance mindset truly means and how it contrasts with a scarcity mindset. Learn how shifting your perspective from limitation to abundance can dramatically impact your financial decisions and overall life satisfaction.  **Cultivating an Abundance Mindset:** We'll share practical steps to transition from scarcity to abundance thinking. From keeping a gratitude journal to performing acts of kindness and visualizing 'win-win' scenarios, these simple practices can significantly change your outlook and financial behavior. **Growing Your Abundance Mindset:** Explore strategies to reinforce and expand your abundance mindset, like setting expansive goals and surrounding yourself with positive influences. Hear how Brandan and Bill practice abundance daily and the profound effects it has on their lives and finances. **Improving Your Financial Decisions with Abundance:** Learn how an abundance mindset influences risk assessment and investment choices. Understand why having a positive outlook on the future can lead to smarter, more confident financial decisions. Real-life examples will illustrate the powerful link between abundance thinking and financial success. **Incorporating an Abundance Mindset into Everyday Life:** Discover daily practices and affirmations to maintain an abundance perspective. We'll discuss the role of mindfulness and meditation in sustaining this mindset and how small daily actions can lead to significant financial growth. **Profiting from an Abundance Mindset:** Find out how adopting an abundance mindset can open doors to greater financial opportunities and wealth creation. Hear stories and case studies of individuals who attribute their financial success to this powerful way of thinking.  **Conclusion:** We'll recap the key points discussed and challenge you to apply at least one new strategy from this episode to start thinking more abundantly.  Join us on Money Therapy to unlock the secrets of an abundance mindset and take a monumental step towards achieving your financial dreams. Don’t miss out! Listen! Leave us a review! Subscribe! Share! Send us an email of ways we can improve! What do you want to hear more of? How can we help you accelerate your path to wealth and help you protect the wealth you have created?  Make sure you contact us if you are interested in our 1-week financial mastery webinar, “The Path to Wealth and Well-being: A 3-step Journey to Living the Life You Want.” The course is offered monthly. We are happy to answer more questions for you. Feel free to email us or leave a comment! If you have any financial topics or questions you'd like us to cover in a future episode, please email Brandan, and we'll do our best to deliver the content you're looking for. Your feedback is important to us!  Feel free to email Brandan at bmc@harpethwealthpartners.com and learn more about Harpeth Wealth Partners on our WEBSITE 📧💼🌐 #AbundanceMindset #WealthCreation #FinancialSuccess #MoneyTherapy Music by Ellyahna Chasteen Edited and Produced by Ellyahna Chasteen

    39 min
  5. 05/21/2024

    The Legacy Navigator: Building an Intentional Legacy

    Are you going to leave a legacy?  Yes, you are! The better question is, “Are you leaving the legacy you intend?” Join me, Brandan Chasteen, CFP®, on Money Therapy as we dive into a captivating conversation with Lance Welch, author of a book that will change the trajectory of your family, ‘Legacy Navigator.'  In this episode, Lance shares the heartfelt reasons behind penning this book and discusses the core themes driving its narrative. We explore poignant anecdotes and lessons from Lance's book, including the powerful 'Shirt Sleeves to Shirt Sleeves' concept and the pivotal '4 Legs' of legacy framework. Plus, learn how Brandan’s three levels of wealth creation intersect seamlessly with Lance’s legacy-building core principles. From the captivating 'Worry Tree' story to the practical components of a will and a step-by-step guide when you lose a loved one, we journey through the pages of 'Legacy Navigator,' uncovering valuable tools and strategies for crafting a meaningful legacy. But the conversation doesn't stop there. Discover the personal revelations Lance encountered while writing this book, including surprising discoveries about his own family history. Don't miss out on this enriching episode of Money Therapy. Click play now to embark on a transformative journey of self-discovery and legacy-building with Lance Welch as your guide. And don't forget to subscribe, rate us with 5 stars, and share this episode with your friends and family. Make sure you contact us if you are interested in our 1-week financial mastery webinar, “The Path to Wealth and Well-being: A 3-step Journey to Living the Life You Want.” The course is offered monthly. We are happy to answer more questions for you. Feel free to email us or leave a comment! If you have any financial topics or questions you'd like us to cover in a future episode, please email Brandan, and we'll do our best to deliver the content you're looking for. Your feedback is important to us!  Feel free to email Brandan at bmc@harpethwealthpartners.com and learn more about Harpeth Wealth Partners on our WEBSITE 📧💼🌐 Music by Ellyahna Chasteen Edited and Produced by Ellyahna Chasteen #WealthCreation #Legacy #FinancialEmpowerment #PersonalFinance #MoneyTherapy

    59 min
  6. 05/14/2024

    Killing the Zero Sum Game

    Ever felt that for someone to win, someone else always has to lose? Have you ever felt like you are always on the losing side of the zero-sum game equation? Join Brandan Chasteen, CFP® and Bill Magill on the latest episode of Money Therapy as we dig deep into the question: “Is life really a zero-sum game?” From coffee shop chats to everyday transactions, Brandan and Bill challenge the idea that there's only so much “winning” to go around. Get ready for some great stories and fresh insights that'll have you questioning everything you thought you knew about wealth, success, and the Zero Sum Game. We take it one step further. Instead of a zero-sum, what if life was a “win-win-win” (In our best Michael Scott impression) scenario? What if every interaction, whether buying coffee or making an investment, could actually benefit everyone involved? Strap in for a wild ride as Brandan and Bill flip the script on scarcity and reveal the power of an abundance mindset. Intrigued? Tune in to Money Therapy and discover a whole new way to think about money, community, and the limitless opportunities waiting for you. It's time to ditch the zero-sum mentality and start living your best financial life! Join us on Money Therapy as we challenge the zero-sum myth and embark on a journey toward financial empowerment and prosperity for all. Subscribe, like, and share now. Unlock keys to wealth creation in an unpredictable world and make sure not to leave your friends out! Make sure you contact us if you are interested in our 1-week financial mastery webinar, “The Path to Wealth and Well-being: A 3-step Journey to Living the Life You Want.” The course is offered monthly. We are happy to answer more questions for you. Feel free to email us or leave a comment! If you have any financial topics or questions you'd like us to cover in a future episode, please email Brandan, and we'll do our best to deliver the content you're looking for. Your feedback is important to us!  Feel free to email Brandan at bmc@harpethwealthpartners.com and learn more about Harpeth Wealth Partners on our WEBSITE 📧💼🌐 Music by Ellyahna Chasteen Edited and Produced by Ellyahna Chasteen #WealthCreation #AbundanceMindset #FinancialEmpowerment #PersonalFinance #MoneyTherapy

    43 min
  7. 05/07/2024

    The Silent Wealth Killer

    In our latest episode of Money Therapy, we tackle a pervasive yet often overlooked threat to financial stability: INFLATION.  Join hosts Brandan Chasteen, CFP® and Bill Magill as we unravel the complexities of inflation and its far-reaching implications for personal finance. Brandan kicks off the episode with a captivating reflection on the passage of time shedding light on the staggering impact of inflation on consumer goods over time. We explore the historical trends of inflation in the United States, tracing its trajectory from the volatile peaks of the 1970s to more subdued rates in recent decades. We paint a comprehensive picture of inflation's fluctuating influence on the economy through insights sourced from economic research institutes and government data. We talk about the realities of living in a high inflationary environment, where the rising costs of essential goods and services outpace wage growth, resulting in a tangible decline in real income and a tangible increase in anxiety and financial paralysis. We illuminate the profound challenges faced by individuals grappling with the erosion of purchasing power. One of the most pervasive misconceptions surrounding inflation is the perception of cash as a safe haven. Brandan and Bill dissect this fallacy, illustrating how stagnant interest rates fail to keep pace with inflation, leading to the gradual erosion of savings over time. We discuss the nuanced risks of reinvestment, longevity, and inflation, underscoring the importance of strategic wealth preservation. Turning our attention to actionable strategies, we explore asset classes historically proven to outperform during periods of high inflation. From real estate to equities, we analyze the implications of different wealth stages and offer tailored insights for wealth preservation and growth. In our exploration of consumer behavior, we examine how inflationary pressures shape spending patterns, driving individuals to prioritize necessities over luxuries. Drawing on behavioral economics research, we shed light on the psychological effects of inflation expectations and their impact on economic behavior. We emphasize the importance of education and proactivity in navigating the challenges of inflation. Encouraging listeners to stay informed and seek personalized financial advice, we offer practical strategies for hedging against inflation and safeguarding long-term financial stability. Tune in to Money Therapy and embark on a journey of financial empowerment and enlightenment. Subscribe, like, and share now. Unlock keys to wealth creation in an unpredictable world and make sure not to leave your friends out! Make sure you contact us if you are interested in our 1-week financial mastery webinar, “The Path to Wealth and Well-being: A 3-step Journey to Living the Life You Want.” The course is offered monthly. We are happy to answer more questions for you. Feel free to email us or leave a comment! If you have any financial topics or questions you'd like us to cover in a future episode, please email Brandan, and we'll do our best to deliver the content you're looking for. Your feedback is important to us!  Feel free to email Brandan at bmc@harpethwealthpartners.com and learn more about Harpeth Wealth Partners on our WEBSITE 📧💼🌐 Music by Ellyahna Chasteen Edited and Produced by Ellyahna Chasteen #Inflation #FinancialStability #WealthPreservation #PersonalFinance #MoneyTherapy

    36 min
  8. 04/30/2024

    A Storm Is Coming

    In our latest episode of Money Therapy, we explore our participation and weather and what that can teach us about investing. Join hosts Bill Magill and Brandan Chasteen, CFP® as they discuss preparation versus control! The episode begins with a candid exploration of the human tendency to seek control over unpredictable forces, drawing parallels between our attempts to control the weather and our aspirations to master the financial markets. Despite our best efforts, both realms remain largely beyond our influence, governed by complex and unpredictable dynamics. Amidst recent market fluctuations and uncertainties, questions abound regarding the nature and extent of our control over financial outcomes. Is the current pullback merely a temporary setback, or the harbinger of a more significant correction? Bill and Brandan acknowledge the inherent unpredictability of markets, emphasizing the futility of attempting to control their every twist and turn. Drawing inspiration from the analogy of weather control, Brandan and Bill challenge listeners to shift their focus from control to preparation, reframing their approach to wealth management. Just as we adapt to weather conditions by preparing ourselves and our environments, so too can we prepare for financial challenges and opportunities. Key to this preparation is a holistic view of wealth management, encompassing strategies to increase cash flow, enhance net worth, and fortify financial defenses. By prioritizing these areas of focus, individuals can cultivate resilience and adaptability in the face of market volatility, ultimately steering their financial futures with greater confidence and clarity. Throughout the episode, Bill and Brandan underscore the importance of personalized approaches to wealth management, recognizing that there is no one-size-fits-all solution. Individuals can chart their unique paths to financial success through self-directed investments, diversified portfolios, or professional guidance, embracing preparation as their guiding principle. As the episode concludes, listeners are encouraged to embrace a mindset of preparation, recognizing the inherent uncertainties of financial markets while empowering themselves to take proactive steps toward their financial goals. By relinquishing the illusion of control and embracing the power of preparation, individuals can navigate the complexities of wealth creation with resilience, confidence, and purpose. Tune in to Money Therapy and embark on a journey of financial empowerment and enlightenment. Subscribe, like, and share now. Unlock keys to wealth creation in an unpredictable world and make sure not to leave your friends out! Make sure you contact us if you are interested in our 1-week financial mastery webinar, “The Path to Wealth and Well-being: A 3-step Journey to Living the Life You Want.” The course is offered monthly. We are happy to answer more questions for you. Feel free to email us or leave a comment! If you have any financial topics or questions you'd like us to cover in a future episode, please email Brandan, and we'll do our best to deliver the content you're looking for. Your feedback is important to us! 💌📣 Feel free to email Brandan at bmc@harpethwealthpartners.com and learn more about Harpeth Wealth Partners on our WEBSITE 📧💼🌐 Music by Ellyahna Chasteen Edited and Produced by Ellyahna Chasteen #FinancialPreparation #WealthManagement #MarketVolatility #financialfreedom

    48 min
5
out of 5
13 Ratings

About

Fact: most of us are in a terrible relationship with money! Maybe you don't have enough and you are stressed, worried, or fearful of a daunting future and your financial goals. Maybe you have enough but you are paralyzed in a decision for fear of making a money mistake. Maybe the simplest budget is anxiety-inducing. Maybe greed has an unhealthy grip on your life. $$$ missteps are not because of the money. $$$ Mistakes are because of our own attitudes, biases, and emotions! Host, Brandan Chasteen, discusses our financial behaviors, biases, and attitudes to promote financial health.