54 episodes

Financial and retirement guidance from Ryan Payne and Bob Payne of Payne Capital Management in New York City. Each week we'll talk about important financial planning topics and tell you great stories about people we've helped to create a prosperous financial future. Create your total financial master plan with us and always be bullish!

No Payne No Gain Financial Podcast Ryan Payne

    • Investing
    • 5.0, 2 Ratings

Financial and retirement guidance from Ryan Payne and Bob Payne of Payne Capital Management in New York City. Each week we'll talk about important financial planning topics and tell you great stories about people we've helped to create a prosperous financial future. Create your total financial master plan with us and always be bullish!

    Ep 51: The 4 Financial Scam Artists You Need to Avoid at All Cost

    Ep 51: The 4 Financial Scam Artists You Need to Avoid at All Cost

    Our economy is in a recession. But with stocks going up, you can be sure to hear from so-called financial “experts” plying their advice. The last thing you want is to make really bad financial decisions that could ruin your investment portfolio. So how do you recognize these “experts”?Beware of these 4 financial scam artists that Bob and I expose today. It’s time to keep vigilant and make sure you’re making moves that will allow you to reach your financial goals.For our spotlight segment, we have Certified Financial Planner™, Courtney Dominguez to give us a rundown of how she helped a couple retiring early to achieve a boost in their income.Don’t miss out on making your money work for you. Make better decisions with us here on the No Payne, No Gain podcast! Financial Propaganda of the Week Just as we’ve predicted, the news has continued to get worse. Yet, the market keeps going higher. The media is in disbelief. We think it’s important that you listen to investors and not financial propaganda.[04:45] – When there isn’t clarity, there’s a huge opportunity. This is how investing works. [05:45] – The market is forward looking. Don’t wait for the calamity that the media is predicting.[06:42] – Dividends on a diversified stock portfolio  have grown at an average annual rate of 5% per year. Considering that cost of living goes up by 3% yearly, the income in your portfolio has grown faster than what you’re going to need in the future.[07:31] – What’s happening is not like the last recession. We experienced a government-induced shut down. Jobs weren’t lost. They were furloughed.[08:51] – Your purchasing power in the next 20 years is going to be cut in half. Don’t wait on the sidelines hoping that things are going to get better. [09:22] – You need to have an inflation hedge built in so that your money is growing net of inflation.  Avoid Mistakes From the PastMany people are still making the same mistakes they made in past recessions and stock market downturns. The media back then talked about a double dip recession. But it didn’t happen. Are you going to make the same decisions you made back then?[11:36] – During the Great Recession, you may have kept your cash because the news was bad.[13:11] – The interest rates now are the lowest we’ve had. You’re losing cash sitting on your money. [13:37] – The other mistake you may have made is taking more risk than you need. [14:21] – Don’t have an investment forget strategy. While you shouldn’t panic when the markets go down, you have to rebalance as the market goes up. It’s a cycle of pain. [15:42] – It’s critical to make an all-weather portfolio that makes sense with your goals.[16:21] – Have an income plan because your income comes in regardless of a recession or if the markets are up or down. Financial CharlatansTake care not to listen to what is preached to you by these “experts”. They could cost you your financial health. Only bad decisions come up from following the same message they’ve been broadcasting. Know who they are so you can avoid them.[17:48] – The perma bears are at it again. Always negative. Always seeing the glass half empty. They think they’re smarter than you. But here’s the thing, we’ve never met a rich pessimist.[19:19 ] – The negative naysayers are never called out for being wrong 9 out of 10 years. As they say, even a broken clock is right twice a day.[19:38] – Don’t take advice from a perma bear, especially one that’s an economist. They say their evidence is backed by data. But data is backwards looking, which the market is not.[19:57] – The opposite of the perma bear is the perma bull. For them, everything is going to be great forever. [20:16] – Don’t believe that things will always be rosy. Make sure you have protection in your portfolio.[20:46] – Be war

    • 39 min
    Ep 50: How to Build a Passive Income Stream for Financial Freedom

    Ep 50: How to Build a Passive Income Stream for Financial Freedom

    Financial independence is the ultimate goal now. It’s the life that everyone wants, but it could just as easily get out of reach because of bad decisions. Knowing what those are is key to stopping the worse from happening.Are you committing one of the common financial mistakes that could ruin your retirement? Today, Bob and I reveal how you can avoid those and build a passive income stream.For our spotlight segment, Payne Capital Financial Advisor, Chris Payne, talks about how he helped a couple who was taking more risks than necessary.Make sure that your money doesn’t run out. Start planning and don’t miss this episode on the No Payne, No Gain podcast! Financial Propaganda of the Week This week so many articles were flying back and forth. We scoured through each one of them to pick out the ones worth talking about.[03:39] – The propaganda never ends. Even when the market has had a phenomenal week, the media still loves talking about the disconnect between the economy and the stock market.[04:50] – The market is smarter and ahead of us. It’s looking at 3-6 months in the future.[05:49] – We saw the fastest sell off ever in history because the market was ahead of the news.[06:23] – All the steep, panic-driven declines have one universal characteristic, they recovered, and the recovery happened before the news got better.[07:00] – Just this past February, we’ve had one of the best economies in history. Since its decline, the Federal Reserve has injected $9 trillion into the economy.[07:35] – The financial media is talking over and over again about another big letdown in the market. [08:03] – Don’t be stubborn by sitting on your cash when you’re not getting any return. Follow the money and put yours in risk assets just like what the government is doing.[08:35] – Prices are low, and there's a lot of attractive income you can build into your portfolio right now. Easy Ways to Ruin Your RetirementIf you’re not careful, you could end up making these mistakes that could lead to dire consequences later. Let’s go over them here:[12:24] – One example is treating retirement as a destination instead of a journey. Your life doesn’t end once you retire.  [13:24] – People retiring now are more active than the ones who retired 20-30 years ago. This means they need more money to do the things they’re doing.[14:44] –  The whole point of planning is that you get to do the fun things you couldn’t do when you were working, and still get to go back to a beautiful home and relax.[15:03] – Another mistake is assuming your monthly spending habits are going to be the same as when you’re working or less.[15:12] – People are living longer today and are getting more opportunities. Your expenses when you retire are going to be more. Your cost of living is the biggest thing that could ruin your retirement. [16:13] – Investing your money like you’re 35 when you’re already in your 50s or 60s is not a good idea. You shouldn’t have the same type of risk tolerance for when you were younger.[16:57] – You have to be prepared ahead of time. When you have a plan then you can let go and have fun.[17:48] – The upside always takes care of itself, but if you don’t have a downside plan, then it can wipe out your entire retirement. Reaching Financial Independence Retirement is great, but financial independence is better. Imagine that you can stop working tomorrow because you have the passive income to maintain your lifestyle. But how do you get that?[22:15] – It takes cash flow to have all the money to not be dependent on anybody, and do what you want to do despite what anyone thinks.[22:43] – The first place you start is an income needs analysis. Add things up to know what your budget is. [23:39] – Then do a portfolio assessment to see if your portfolio matches your income needs. Make sure y

    • 53 min
    Ep 49: The 4 Most Dangerous Words in Investing

    Ep 49: The 4 Most Dangerous Words in Investing

    The post-Coronavirus world is a new world we’re entering. That doesn’t mean you don’t need to plan for your retirement anymore. But there are some things you need to be wary of.What are the most dangerous words in investing you should avoid during the current market crash? Bob and I talk about that today including the steps to planning your post-Coronavirus retirement plan.For our spotlight segment, Payne Capital Financial Advisor, Jennifer Angell tells us about helping a couple who never ran a financial plan by increasing their income to over $50,000 a year.What else are you waiting for? It’s time to plan, so don’t miss this episode on the No Payne, No Gain podcast! Financial Propaganda of the Week There’s so much going on in the financial media, and we want to make sure you’re making good financial decisions. Like sponges, we read everything. Here is the news we’ve heard.[04:13] – Billionaire fund managers do the exact opposite of what they tell you to do. They’re not helping you, but using you instead for their own benefit.[06:08] – Things are going to cost more in the future and at a rapid pace because of the inflation we’ll be seeing as a result of our government printing a lot of money.[06:56] – According to economist Jeremy Siegel, the big bull market is coming to an end, and we won’t see rates as low again.[07:21] – Don’t get bond funds. The economy will bounce back. When that happens and interest rates go up, bond prices go down.[08:27] – Invest in your portfolio based on the future and not what’s happening today.[09:57] – The post-Coronavirus strategy is going to be different from what we did the last 10 years.  The 4 Most Dangerous Words in InvestingThe entire economy is at a standstill. We’ve just had the fastest market crash in history. In the famous words of investor and philanthropist Sir John Templeton, “This time is different.” [14:02] – We’ve had declines before, some bigger than now. But we’ve also had speedy recoveries.[14:41] – The economy and the market do not have a one-to-one correlation. Economic news is backward looking while the market is forward looking. [14:59] –  We’re actually seeing things get better now.[15:26] – If we look at your entire lifetime, the economy has grown despite taking some temporary hits. [15:56] – People have always been resourceful and adapted to the new world. [16:31] – The Federal Reserve stepped in during our previous declines, and the Feds are doing it again to create a cushion for us to get to the other side when the economy and ingenuity kicks in.[17:37] – In 1-2 years, we might be back to some sort of normalcy. You will still need your retirement plan then. Making decisions today will either have a positive or negative impact on your future.[18:38] – Getting 1-1.5% on your money market fund won’t be enough to hit your long-term goals in retirement. You need to put yourself in a position to win. Retool Your Post-Coronavirus PortfolioLike it or not, we’re entering the post-Coronavirus world. So old assumptions about retirement planning are going to be out-of-date. It’s time to tweak your portfolio to make sure that you’re still on track to hit your retirement goals. We’ll go over how you do that here. [23:36] – Your plan should be customized to you based on your family and financial goals. [24:01] – The first step is to have an income plan in place. It’s critical to figure out how you can get 100% of the income you need today in retirement. [24:33] – With really low interest rates in bonds, certificates of deposits, and savings accounts, what you earn won’t be enough to live off your portfolio.[25:19] – You need to build a diversified portfolio right now that can generate a lot of current income to cover your expenses.[25:43] – An analysis is key to figure out what’s

    • 56 min
    Ep 48: The 4 Biggest Financial Mistakes of 2020 (And How You Can Avoid Them)

    Ep 48: The 4 Biggest Financial Mistakes of 2020 (And How You Can Avoid Them)

    The year may not have started well, but there’s still the future to plan for. Are you looking at everything under the sun and making sure you’re still on track to building up your financial life? Today, Bob and I talk about the core principles of making money. Have you been making any of the 4 biggest financial mistakes of 2020? We also take a look at the 5 main areas you should focus on right now.For our spotlight segment, Payne Capital Financial Advisor, Aaron Dessen tells us how he helped a couple go back into the market and increase their annual income by $25,000.This is another phenomenal episode for our listeners. Don’t miss out by tuning in now to the No Payne, No Gain podcast! Financial Propaganda of the Week It’s time to call out those articles that are so egregious we just have to put them in the hot seat. Here’s what we’ve heard:[03:50] – The perma bears seem to have forgotten that Warren Buffett owns billions of dollars in stocks. The sale of his airline stocks did not mean he’s out of the market.[05:27] – Just because market prices are going down doesn’t mean it will continue to go down.[06:26] – The financial media channels didn’t predict that the market would go down, so they don’t know what’s going to happen next.[07:07] – Investing is not about buying low and selling high. It’s about achieving goals.[07:39] – The economy and the stock market are not the same thing. The economy is what’s happening right now. The market is already looking past the recession.[09:08] – The negative things being reported are not permanent. The market is looking at when things get back to normal. So don’t make decisions based on the current news.  Biggest Financial Mistakes of 2020There might be so much uncertainty going on, but that doesn’t mean you should do nothing. Doing nothing can be the worst decision you make. Which is why we want to talk about the bad decisions you should avoid doing this year.[12:48] – The number one mistake is when you stop putting money in your 401(k). [13:03] – The point of having a game plan is you stick to it when things get chaotic. Keep on buying and dollar-cost averaging. [14:04] – Another mistake is postponing getting your finances in order because we’re under a pandemic. Things may be different, but you still need a plan to reach your dreams and goals.[14:37] – The third mistake is deciding to just postpone your retirement. When things are down, it’s the best time to audit and reevaluate your goals and make better decisions.[15:43] – Your accounts might be down, but your spending is probably down too.[16:31] – Financial independence is better than retirement. It’s a great feeling when you know that you’re set for life. [17:54] – Don’t throw away or shred your statements because you don’t want to look at them. There are proper steps that you can make right now.  5 Main Financial Events To Address NowThe Tokyo Summer Olympics may have been postponed, but we can have our own financial planning Olympics. When it comes to your financial plan, there are financial events that you should be addressing. Let’s go over them now.[22:45] – The inflation marathon can be nasty. Don’t forget to factor in that everything is going to cost more in the future. Worse is healthcare. Healthcare inflation is off the charts.[24:01] – Another event you should be mindful of are recession hurdles. You can’t run through a recession, but you can hurdle over it with proper planning. Always assume that the sky will fall and make sure you have protection in place in your portfolio.[25:56] – The next event is the hidden fee toss. Wall Street and the insurance industry are masters of hidden fees. Even with annuities or mutual funds, there could be a lot of fees that you didn’t know you were paying for.[27:39] – You really need to underst

    • 54 min
    Ep 47: 3 Strategies For Simplifying Your Financial Life

    Ep 47: 3 Strategies For Simplifying Your Financial Life

    It’s easy to end up with a collection of investments that’s not going to get you to your goals. What that means is you don’t know what you own and you don’t know where it’s going. It’s a mess, and it’s important that you take a good look at your portfolio.Today’s another day in quarantine. It’s the perfect time to think about simplifying your financial life. Bob and I give 3 practical strategies to do just that. We also talk about building a predictable income for retirement. For our spotlight segment, Payne Capital Financial Advisor, Frankie Lagrotteria steps in and shares how she was able to help a couple with a large annuity understand it better and figure out what makes sense for them.We got another great show for you today. So don’t wait any longer and tune in to the No Payne, No Gain podcast! Financial Propaganda of the Week You think you’ve seen it all but when you have a professional poker player giving good financial advice then there’s probably more surprising things to come. Here are the things we’ve heard:[04:16] – The market is like a casino but only in the short run. Don’t try to beat the market.[05:28] – It’s important to have an investment strategy that you keep in good times and bad times.[06:43] – Sitting on cash waiting doesn’t work. The media loves playing safe. When the news is reporting that things are getting better, you’ve already missed the right time to invest.[08:44] – When you have your own personal asset allocation, you know exactly how much risk you need to achieve your goals.[09:33] – Are you an investor or a speculator? If you’re an investor, your portfolio will generate returns every day.  Simplifying Your Financial PlanOne of our guiding principles is simplicity over complexity. Don’t make things way too difficult. So we’re sharing the 3 practical strategies that you can use right now.[14:08] – Aggregate your assets. Use a platform that gives you a bird’s eye view of everything and get an idea of your actual net worth.[14:49] – Look at the things that overlap and look at the concentration. [15:50] – Consolidate and weed out where you have too much risk in the same place. [16:36] – Whatever you’re doing in one account, balance that off with your other account so that they’re all working in concert.[17:11] – You want one person focused on everything and not a lot of people focused on a couple of things in your portfolio.[17:52] – Build a financial dream team where your financial planner, tax advisor, and estate planner talk with each other to come up with the best solution for you.  Building A Predictable IncomeThere are many investment vehicles that can generate income for you. The key is to choose the right ones which will allow you to live off during your retirement. Let’s take a look at the optimal way to choose where to invest.[23:47] – Rental income looks good on paper, but you end up saddled with a lot of responsibilities like managing the property and dealing with non-paying tenants.[24:49] – Pitches that promise a guaranteed income stream from an annuity usually mean that the guarantee only lasts as long as the company that issued it is in business. [25:38] – There’s two things you need to make sure when you get a high quality bond or fixed income investment. They are permanence and definition. You want to get interest and a return of your money. There should be a date when you get your capital back.[26:36] – Even with the market down, stocks are still paying dividends. But it’s important to have a whole portfolio of dividends and not just buying from one or two companies.[27:38] – When building an income stream for retirement, you need to understand where the money’s coming from and make sure the income increases over time.[28:09] – Sitting on your cash is the biggest mistake you can do.

    • 57 min
    Ep 46: What The Financial Industry Won’t Tell You About Your Portfolio

    Ep 46: What The Financial Industry Won’t Tell You About Your Portfolio

    You’ve probably been taking a long hard look at your portfolio following the downturn in the market caused by Coronavirus. There have been ups and downs, a lot of volatility. But the bear market is when you get the best returns. So how do you adjust your financial strategy during this crisis to get the best results for your investments?In today’e episode, Bob and I break down the critical questions you should be asking yourself to build a secure, long-term retirement plan. Given the uncertainty in the market and the economy, it’s more important than ever to have the right financial foundation. We talk about what you should expect in the upcoming recession.For our spotlight segment, we have my brother, Payne Capital Management’s Financial Advisor, Chris Payne. He tells us about diversifying the portfolio of a couple that was taking too much risk than they should have. This is another awesome show for our listeners. You better tune in now to the No Payne, No Gain podcast! Financial Propaganda of the Week We’re still seeing volatility in the market, although less than last month. You read about so many things being reported left and right. But which ones have lessons that are important? Here are the things you need to know about:[04:15] – The pension fund of the State of California is not properly funded. Back in 2008-2009, the state had to sell most of their Apple investments worth $300-400M then. Those would have been valued at $2B today.[05:46] – You have to be responsible for yourself and figure out what you need to be able to spend and retire.[06:33] – The lesson here is that you need to know what you own and why you want it.Building a Secure, Long-term Retirement PlanAn in-depth look into your retirement plan is crucial right now. Do you know what are the questions you should be asking yourself as you build a more secure future?[07:11] – A great rule of thumb to follow is never touch the principal. You want to live on the income. The first thing is to check the longevity of your income and make sure you have increasing income to account for the rising cost of living. Plan to live up to 90 years.[08:26] – How do you establish a primary investment objective? Reverse engineer your goals and invest on purpose. [09:49] – The purpose of the industry is to sell you the products that make them the most money.[10:12] – Have an all weather portfolio. Even with a lot of volatility, your high-quality bonds will still pay their income.[11:17] – What are the trade-offs you need to do to reach those goals? Some level of risk is important because you need growth over inflation. Setting Up the Right Financial FoundationThere’s a lot of bad advice going around. Given all the uncertainty, you need to be able to discern the things you should be doing. That’s exactly what we’re here to figure out.[16:14] – There’s no excuse not to work on your finances. Whatever you’re planning, you need to know how much income you are going to need.[17:20] – Don’t just look for the highest yield. Look at both the return on your money or the yield, and the return of your money. [18:36] – Financial planning is customized so you can find the right mix for you that considers the income stream you need, your risk appetite, and the cost of living. [19:37] – Adjust your strategy as time goes by. [20:13] – Make an investment plan that makes the decisions for you. Humans are bad when it comes to making decisions because we follow our emotions. [21:35] – You want a financial plan, not just a collection of investments.   The MailbagGot any questions about the economy or the market? We get a lot of investment-related questions coming in. We’ll be happy to answer them for you, simply send us an email at questions@bebullish.com.[27:05] - Question #1: “Is this a good time to add money to the markets or should

    • 46 min

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