Show notes
Are you ever confused or overwhelmed at the prospecting of investing?
If you are, don’t worry! Our guest today, Peter Mallouk, has simple strategies on how to invest and save as well as why it’s so important.
Peter Mallouk is the CEO of Creative Planning, a wealth management firm, that has been ranked #1 in America by outlets such as CNBC and Barron’s. Peter has been on Worth Magazine’s Power 100 rankings and has received other accolades such as the Ernst & Young Entrepreneur of the Year Award. He is also a financial industry thought leader and author. His upcoming book, The Path, is all about helping you achieve financial freedom and is co-authored by Tony Robbins.
In today’s episode, we’ll talk about common misconceptions that Peter has encountered in his many years in the financial services industry as well as his thoughts on the news and its impact on us as investors. We’ll also cover topics such as the importance of diversifying, the plans you should lay out before investing, and how to find the right financial advisor to meet your needs.
Links:
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Check out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com
Timestamps:
01:11 - How Peter Met Tony Robbins and All About Their New Book
03:53 - Why the Financial Services Industry is Broken
05:00 - How to Find a Great Advisor
06:53 - Truth About Today vs. the Past
10:49 - The Contradictory Thing About Media and the News
13:36 - Why is Now the Best Time to Start Investing
15:37 - Why it’s Important to Diversify
17:49 - Real Life Example of the Importance of Diversifying
19:30 - The Six Human Needs
21:58 - The Power of Compounding
24:20 - Why it’s Important to Know What We Want
25:58 - Financial Independence vs. Retirement
27:15 - Important Plans to Have Before Investing
28:48 - Difference Between Brokers vs. Financial Advisors
29:50 - When Should You Get a Financial Advisor?
31:30 - Tips for Someone Working at a Corporation
33:34 - Advice about Insurance
35:08 - What to Look at for Financial Planning
37:20 - Peter’s Secret to Profiting in Life
Mentioned in the Show:
Peter’s New Book, The Path: https://www.amazon.com/Path-Accelerating-Journey-Financial-Freedom/dp/1642937010
Peter’s Website: https://creativeplanning.com/
Peter’s LinkedIn: https://www.linkedin.com/in/peter-mallouk/
Peter’s Twitter: https://twitter.com/PeterMallouk/
Peter’s Facebook: https://www.facebook.com/OfficialPeterMallouk/
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