102 episodes

Navigating the ever-changing waters of life can be rough, but when it comes to retirement you don’t need to do it alone. The Retire As You Desire Podcast asks those hard questions regarding finances in preparation for your retirement with Bill Bloom RICP®, principal of Bloom Financial Company and your host. Join Bill, a money simplifier, each week by discussing intentional questions to propel you toward your desirable retirement. Understanding retirement does not have to be difficult. If you understand, then you will make better decisions on how to have a happy and successful retirement for you and your family. There is one life to live--so take the helm, plan ahead, ask questions, and tune in with Bill on the Retire As You Desire Podcast!

For a list of important disclosures, please visit my website at bloomfinancialco.com.

Views expressed in this podcast are for general informational purposes only and are not intended to provide or be a substitute for specific professional financial, tax or legal advice or recommendations for any individuals. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.

Retire As You Desire Bill Bloom

    • Business
    • 5.0 • 20 Ratings

Navigating the ever-changing waters of life can be rough, but when it comes to retirement you don’t need to do it alone. The Retire As You Desire Podcast asks those hard questions regarding finances in preparation for your retirement with Bill Bloom RICP®, principal of Bloom Financial Company and your host. Join Bill, a money simplifier, each week by discussing intentional questions to propel you toward your desirable retirement. Understanding retirement does not have to be difficult. If you understand, then you will make better decisions on how to have a happy and successful retirement for you and your family. There is one life to live--so take the helm, plan ahead, ask questions, and tune in with Bill on the Retire As You Desire Podcast!

For a list of important disclosures, please visit my website at bloomfinancialco.com.

Views expressed in this podcast are for general informational purposes only and are not intended to provide or be a substitute for specific professional financial, tax or legal advice or recommendations for any individuals. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.

    Watches Are Not Investments

    Watches Are Not Investments

    Title: Watches Are NOT Investments: Beyond The Fads and False Numbers

    Introduction:

    In the sometimes ‘mirky’ world of investments, the allure of unconventional assets can be tempting, especially when the likes of the Wall St Journal boast about watches outperforming the stock market. 

    However, as we will discover, the truth behind such claims may not be as promising as they appear. For the discerning professional seeking robust investment vehicles, this blog aims to shed light on the pitfalls of fad commodities and advocate for a more informed approach.

    Unmasking the Illusion:

    Many prominent publications annually tout the outperformance of watches compared to the stock market. It's an attention-grabbing headline that might have led some to consider certain luxury timepieces as a viable investment option. However, it's crucial to understand that not everything that glitters is gold.

    The Reality of Watch Investments:

    Let's break down the scenario presented in the report. If one were to purchase a $10,000 Rolex and, through secondary market dynamics, its value increases to $15,000, you’d assume that you could look forward to a $5,000 profit. However, after factoring in taxes, the $10,000 watch could realistically translate to $11,000.

    Moreover, attempting to sell this watch to a secondary market dealer means you’re not going to get the full market value. They have to make a profit after all. The dealer's offer may hover around $11,000 or $12,000. This discrepancy between perceived value and actual return underscores the importance of due diligence before leaping into trendy investment avenues.

    And sure, you could attempt to sell the watch to the end-user yourself. Invariably though, you’ll end up wanting to advertise it online, via a reputable platform (to avoid scammers and time wasters) and that will come with a hefty advertising fee, shipping costs and the risk of posting high value items. 

    Diversification: Beyond Watches and Wall Street Hype:

    As a seasoned professional, it's imperative to consider diversifying your investment portfolio beyond the conventional choices of stocks and real estate. While the allure of watches may seem enticing, there are more prudent options that warrant serious consideration.

    When one looks at the value of watches on the secondary (or ‘Grey’) market, in recent years they have proven to be something of an unstable commodity. Certain hype models rocketed in value during the pandemic, but have since halved in value and continue to drop. 

    The same has been true of Bitcoin, and while yes: there are huge gains to be made overnight, the inherent volatility that comes with it, is not worth the gamble with a significant proportion of your investments. 

    Roth IRA: A Strategic Investment Approach:

    One such avenue deserving attention is the Roth IRA. Rather than succumbing to the appeal of quick profits, channeling your capital into a Roth IRA can offer a strategic and tax-efficient alternative. 

    Even if this is not your only source of investment, you should consider it for a significant proportion. 

    Research: The Cornerstone of Informed Investing:

    Before deploying your capital into any investment, be it watches or Roth IRAs, diligent research is non-negotiable. The seductive headlines may grab attention, but a discerning investor delves deeper. Understand the intricacies of the investment vehicle, weigh the risks and rewards, and align it with your long-term financial goals.

    Conclusion: Get Your Money Right

    In the dynamic world of investments, it's crucial to look beyond the surface and critically assess the opportunities presented.

    Remember, getting your money right is not just about avoiding the pitfalls; it's about making choices that withstand the test of time. We are talking about being able to retire after all, which requires a considered approach to risk. 

    As you navigate the investment landscape, let wisdom, research, and a forward-looking approach be yo

    • 2 min
    Why You SHOULDN'T Retire

    Why You SHOULDN'T Retire

    OK so I know that this is a strange topic for the host of the ‘Retire as You Desire’ podcast to be talking about, but believe it or not; there are a multitude of reasons why you shouldn’t retire!

    Retirement is often hailed as the golden age. A time to live life on your terms. What this tends to translate as though, is; stop working, play golf and shuffle off this mortal coil in short order. 

    I want to challenge this outdated, conventional notion of retirement and offer you three reasons why one might want to reconsider the notion of stopping work altogether. It really depends on your relationship to your professional life and how well integrated it is with your dreams, goals and aspirations. 

    1. Alignment of Purpose

    If your profession is not just a means to an end but a passion, quitting abruptly might not be the best move.

    I preach all the time that you should retire as you desire, however,— if your purpose is deeply tied to your work, you probably won’t want to just go “cold turkey” once your retirement fund reaches maturity. 

    Why? Because work, for some, is not merely a way to make ends meet. It's a source of fulfillment, a reason to leap out of bed each morning. If your passion aligns with your work, and you've built something that fuels your drive, hitting the brakes on it might lead to an unexpected void.

    Your money is set up, and that's freeing in and of itself. If you know your income streams are set up in retirement, that gives you the opportunity to really be the buyer and say; “I want to keep working because I love doing what I do.”

    In essence, retirement doesn't have to be an ‘all-or-nothing’ game. It can be a gradual transition. A slowing down of work hours, allowing you to savor the joy your work brings while maintaining control over your time.



    2. Freedom to be of Maximum Service

    "Get your money right. Get your income streams set up”

    The second reason not to retire lies in the power of passive income. Retirement doesn't mean a complete cessation of income; it's about shifting from active to passive income streams.

    By setting up passive income sources, you gain financial freedom. This financial stability doesn't just afford you the luxury to retire when you desire; it allows you to dictate the terms of your retirement. You become the architect of your life, deciding when to clock out and stop working.

    As a result: you’ll be able to make choices based on where and to whom you’ll be of maximum service, rather than which choices will earn you the most money. Not only will this bring you greater fulfillment, but (ironically) it will boost your authority and enable to you put a greater premium on your time. 



    3. You’re not Ready!

    Just because your company/pension provider/convention is telling you that you’re of an age to retire, that doesn’t mean necessarily that you’re ready to!

    The goal should always be to retire on your terms. Set up, your income, always get that aligned. So then that way you're in control.

    The other side of that is, you might not have enough in your pension pot to support the kind of retirement life you’re seeking. Don’t take the leap until everything is in place, or you could find yourself in trouble down the road.

    In conclusion, retirement isn't a one-size-fits-all concept. 



    Retirement shouldn't be a forced exit; instead, it should be a conscious choice, a decision made when everything is aligned. By having your income streams set up and aligned with your goals, retirement transforms from a distant dream to a tangible reality.

    The key isn't to retire early or late, but to retire as you desire, ensuring that the next chapter of your life is as fulfilling as the one that precedes it.

    • 3 min
    How To Reduce Your Debt - A Practical Guide

    How To Reduce Your Debt - A Practical Guide

    Are you feeling suffocated by the burden of debt, preventing you from achieving your financial goals? I've been there, grappling with over $54,000 in student loan debt. In this comprehensive guide, I'll walk you through a systematic and efficient approach that propelled me to financial freedom in just three years.

    Step 1: Confront Your Financial Reality

    Before we dive into the intricacies of debt reduction, grab a pen and paper. 

    Sorry, I know this is probably the hardest part, but it's time to face your financial reality. You can not chart a course for a destination, without first knowing where you are. 

    So…list down every form of debt


    Credit cards
    Auto loans
    Mortgage 
    Student loans 
    Personal loans

    But don't stop there. Go deeper! 

    Note the type of debt, the interest rate, and your monthly payment amount. This meticulous understanding forms the bedrock of your journey to financial liberation.

    Step 2: Identifying the Debt Beast

    Now, let's identify the ‘debt beast’ – the one devouring the most of your hard-earned money through interest. 

    This is a step many overlook, not realizing that high-interest rates are silently eroding their financial foundations. Prioritize tackling the debts with the highest interest rates. 

    Whether it's a menacing 30% credit card or an 8% student loan, focus on the ones bleeding your wallet the most.

    Step 3: Unleashing the Snowball Effect

    This is where you get really strategic and enter the realm of the snowball effect – a financial magic trick. 

    Imagine triumphantly paying off that 30% credit card. 

    Don't rest on your laurels! 

    Take the monthly payment you've just freed up – let's say $500 – and unleash it on your next highest interest rate debt. 

    This compounding effect accelerates your debt payoff. Rinse, repeat, and watch your debt evaporate.

    Bonus Tip: Strategic Use of Windfalls

    Back in 2008, armed with this strategy, every work bonus became a powerful weapon in my arsenal against debt. If your workplace offers bonuses, strategically deploy them! 

    It doesn’t have to be a work bonus, it could be any form of additional income. I know it’s very tempting to 

    Windfalls, when used wisely, can significantly expedite your journey to a debt-free life.

    Tools for Success: Introducing Diane Money

    Feeling lost or wish you had a personalized plan? 

    Enter Diane Money, a revolutionary app designed to analyze your debt and craft a tailored path for efficient and aggressive debt reduction. 

    No more confusion, no more guesswork – just a clear roadmap to financial freedom.

    Navigating the Complexity: A Closer Look at Diane Money

    Diane Money serves as your financial GPS, navigating the complex terrain of debt reduction with precision. 

    The app dives deep into your financial landscape, considering interest rates, debt types, and monthly payments. It then formulates a customized plan, showing you a clear path forward.

    The Diane Money Advantage: A Personalized Roadmap

    Imagine having a personal financial advisor available 24/7. Diane Money provides just that. By considering your unique financial situation, the app creates a step-by-step plan, breaking down which debts to tackle first for maximum impact. It's like having a financial mentor in your pocket.

    Building Mindset Momentum: Celebrating Small Wins

    Your mindset around debt is probably the single most important factor at play. If you see your current debt situation as an unscalable mountain, you’ll never take that first step. 

    This is why you need to set out a clear roadmap (with DianeMoney) and then celebrate every single step you take in the direction of your desired outcome. 

    Each paid-off debt becomes a victory, fueling your motivation to tackle the next one. Not only that, but it is evidence to your subconscious that you can achieve a debt-free life! 

    • 4 min
    Why Intuition Matters with Your Money with Daniel White

    Why Intuition Matters with Your Money with Daniel White

    What if you could shift your financial destiny with only $35 a week? Our latest guest, bestselling author Daniel White, is here to show you how. Daniel's newest book, Financial Freedom System, is as interesting as it is inspiring - born out of a personal journey of overcoming financial stress and finding a new approach to money that put him first. He unveils his concept of building a strong financial foundation, an idea sparked from a simple prayer and a vision of an airplane. He didn't let the stress of his five-year business milestone with little to show for it, and a mountain of debt weigh him down. Instead, he used this setback as a launchpad to create a system that has since transformed lives.
     
    About Daniel White:
    After living paycheck to paycheck for years with increasing debt, Daniel struggled with soul-destroying fear and anxiety. In 1999, he started praying. God answered him and gave clear instructions that forever transformed his life and finances. Now you, too, can benefit from this life-changing process. 
     
    Since 1994, Daniel White has been an energetic consultant and spiritual healer, helping clients in over forty countries to overcome negative energetic and spiritual influences and create better futures for themselves, their families, their homes, and their businesses. He is recognized internationally for his unique intuitive gifts and is a sought-after consultant and speaker.
     
    Learn more about Daniel:
    Website: https://danielwhitecoaching.com/
     
    Grab a copy: https://amzn.to/3XLdP8c



    Show notes:
    [0:32] What is his book all about?
    [1:35] Why is intuition the leading indicator and not the dollars?
    [2:30] What was the process of following his intuition look like for Daniel?
    [10:40] How his system helped people
    [13:47] Is intuition the number one thing we should pay attention to in life?
    [16:09] What about the jar?
    [18:50] Why is three years the sweet spot for the process?
    [20:53] How often should people update their accounts?
    [22:44] How do you know you’re following your intuition?
    [25:30] How important does energy play in this?
    [27:22] Where can people get the book?
    [29:03] Outro
     
    Connect with Bill Bloom 
    Web: https://www.bloomfinancialco.com/
    https://bloomfinancialco.kartra.com/page/bNJ87
    Email: bill@bloomfinancial.us 
    LinkedIn: https://www.linkedin.com/in/bloomfinancial/
    FB: https://www.facebook.com/retireasyoudesirepodcast
     
    Securities and investment advisory services offered through Woodbury Financial Services, Inc. (WFS) member FINRA/SIPC. WFS. is separately owned and other entities and/or marketing names, products or services referenced here are independent of WFS.
     
    Views expressed in this podcast are for general informational purposes only and are not intended to provide or be a substitute for specific professional financial, tax or legal advice or recommendations for any individuals. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.

    • 29 min
    Unlocking Your Highest Potential with Dr. Jeff Spencer Part 1

    Unlocking Your Highest Potential with Dr. Jeff Spencer Part 1

    What if you could unlock your highest potential and create a meaningful legacy? Join us as we sit down with the extraordinary Dr. Jeff Spencer, whose journey from aspiring Olympic cyclist to a world-renowned coach and mentor has taught him the secret to crafting the path forward for others to succeed.
    In this powerful conversation, Dr. Spencer shares the impact of three angels in his life who shaped his mindset, creativity, and perspective. Discover the game-changing concept of 'goal guess' and learn how having the right goal, motive, and mindset is crucial for success. Plus, explore the importance of preparation, hyper-focus, and peripheral gaze when it comes to achieving your goals. Don't miss this opportunity to connect with Dr. Jeff Spencer and apply his invaluable insights to your own life.
    About Dr. Jeff Spencer:
    At seven, he committed to becoming an Olympic cyclist. At twenty-one, he competed in the Olympics. Soon after, he realized that helping exceptional performers tap into their highest potential was as equally satisfying to him as competing and winning himself. Ever since he has coached top-tier performers into Elite Performers. He has changed their habits, strengthened their minds, and gave them the tools to consistently deliver at the height of their games.
    Connect with Dr. Jeff Spencer:
    https://www.drjeffspencer.com/
    https://get.havecustomersforlife.com/…

    jeff@drjeffspencer.com 
     
    Show notes:
    [1:02] Being able to work with the highest-level collaborators on the planet 
    [2:10] Having three angels in his life
    [9:03] Crafting a path forward for others to see their talents and unique gifts
    [11:54] Outro
     
    Connect with Bill Bloom 
    Web: https://www.bloomfinancialco.com/
    https://bloomfinancialco.kartra.com/page/bNJ87
    Email: bill@bloomfinancial.us 
    LinkedIn: https://www.linkedin.com/in/bloomfinancial/
    FB: https://www.facebook.com/retireasyoudesirepodcast
     
    Securities and investment advisory services offered through Woodbury Financial Services, Inc. (WFS) member FINRA/SIPC. WFS. is separately owned and other entities and/or marketing names, products or services referenced here are independent of WFS.
     
    Views expressed in this podcast are for general informational purposes only and are not intended to provide or be a substitute for specific professional financial, tax or legal advice or recommendations for any individuals. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.

    • 12 min
    Success Leaves Clues: Unveiling the Inspiring Journey of Kelly Cardenas Part 2

    Success Leaves Clues: Unveiling the Inspiring Journey of Kelly Cardenas Part 2

    In this episode, Bill engages in a conversation with Kelly Cardenas, who is not only his close friend but also an accomplished author, podcast host, speaker, and the visionary behind Kellycardenas.com. The focus of their discussion revolves around Kelly's audiobook, "Success Leaves Clues," as they delve into the motivations that drove him to create it. Additionally, they reminisce about their initial encounter, reflect on the significance of their friendship, and offer glimpses into their respective personal experiences. 
    Kelly Cardenas is a Forbes contributor, Author, Podcaster, Founder-CEO of a National multi-million dollar Brand, and a Cultural efficiency Coach. Cardenas is the go-to when it comes to constructing a CULTURE that will have sustained success in all aspects of your business. He believes that building an iconic Brand, Business, and Empire is a simple process once we start to focus on what really matters. Cardenas’ system zeros in on the heartbeat of any organization—PEOPLE!
    Connect with Kelly:
    Website: https://www.kellycardenas.com/
    LinkedIn: https://www.linkedin.com/in/kelly-cardenas-78613763/
    Get his audiobook: https://www.kellycardenas.com/#book
    Listen to his podcast: https://www.kellycardenas.com/#podcast
     
    Show notes:
    [0:16] What does retiring as he desires to mean to Kelly?
    [2:57] Where to find Kelly and what’s new for him
    [6:10] What’s Bill’s advice for people about retiring as they desire?
    [17:40] Outro
     
    Connect with Bill Bloom 
    Web: https://www.bloomfinancialco.com/
    https://bloomfinancialco.kartra.com/page/bNJ87
    Email: bill@bloomfinancial.us 
    LinkedIn: https://www.linkedin.com/in/bloomfinancial/
    FB: https://www.facebook.com/retireasyoudesirepodcast
     
    Securities and investment advisory services offered through Woodbury Financial Services, Inc. (WFS) member FINRA/SIPC. WFS. is separately owned and other entities and/or marketing names, products or services referenced here are independent of WFS.
     
    Views expressed in this podcast are for general informational purposes only and are not intended to provide or be a substitute for specific professional financial, tax or legal advice or recommendations for any individuals. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.
     

    • 17 min

Customer Reviews

5.0 out of 5
20 Ratings

20 Ratings

Uncle Rug ,

Excellent Source of Retirement Info

Can’t write enough praise about the meaningful content Bill keeps dishing out. Sharp character.

PA Consulting Firm ,

🔥CHRIS 💰ROSS🔥

OMG WHAT AN EPISODE! Mic dropped. I will have to re-listen again. Bill, you’re right. Part 2 is needed with this guy.

MTM Wisconsin ,

Cutting Edge Content

I’m enjoying this new and significant podcast. Bill’s doing something unique with a quick money focused episode and an in-depth conversation with a successful entrepreneur or leader episode each week. Real wisdom and real people!

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