The processes around higher education are evolving, and so are the financial strategies needed to navigate its costs and benefits.
What do families need to begin planning for the rising costs of college? What impact will technological advancements in AI and learning and information have on traditional education?
This week, Greg DuPont shares his thoughts on the future of higher education and financial planning, sparked by his daughter’s college graduation. He touches on the challenges families face in saving for college, the potential decline of smaller colleges, and the evolving role of technology in education.
Greg discusses:
The high costs of college education and the challenges of saving for it
The potential closure of smaller colleges due to financial pressures
The impact of technology, like AI, on the need for traditional higher education
The future of student loans and their implications for families
The importance of flexible financial planning to adapt to changing educational landscapes
Are you ready to discover a game-changing benefit program for your employees that boosts morale and cuts costs?
In this episode, Greg DuPont chats with Josh Kelley, Employee Benefits Advisor at Citadel Benefits Group, about an innovative program called the Self-Insured Medical Reimbursement Program (SIMRP). By utilizing tax codes designed for preventative healthcare, this program provides cost savings for employers while offering substantial benefits to employees.
Employers can look forward to reduced payroll taxes and offering their employees access to supplemental benefits without impacting take-home pay.
Together they discuss:
How SIMRP can save employers an average of $550 per employee per year in payroll taxes
The robust wellness program provided to employees, including telehealth, mental health resources, and much more
Understand the conditions under which employees and businesses qualify for the program
How this program offers immediate financial relief for businesses while enhancing employee benefits
Josh Kelley gets to help people protect what they care about most: their families and the things they have worked hard to earn and achieve.
Josh started his business life at a very young age with several ventures including Full Service Car Wash, Used Car Lot, Limousine Service, Wrecker Service, and many other small businesses.
Through great success and massive failures, Josh learned very valuable lessons not just in business but in life during his tenure running these businesses.
After 6 years of helping other agency owners grow their agencies, Josh decided it was time for a change, which led him to open his own agency.
The financial world is abuzz with debates and discussions, but one question looms large: Is the stock market nothing more than a sophisticated Ponzi scheme?
This week on the March to a Million podcast, Greg DuPont explores the controversial comparison of the stock market’s operations to a typical Ponzi scheme, giving you the official definition of a Ponzi scheme to compare and contrast how the behaviors relate to the current market. He also discusses what these implications mean for investors and the legal profession.
Greg discusses:
The legitimacy of the stock market’s operations, likening it to a Ponzi scheme and expressing concerns over its sustainability
The current financial guidance system, emphasizing the need for attorneys to understand and break the cycle of what he perceives as a flawed system
The commoditization of investment advice and how it affects consumer choices and the industry at large
The impending wealth transfer from baby boomers and its potential impact on the stock market’s stability
The fee structures in financial services and whether they truly serve the best interests of clients
How attorneys can break the cycle of poor financial guidance and better serve their clients
In the face of impending market changes, how can families plan to safeguard their financial future?
In this episode of March to a Million, Greg DuPont explores the urgent need for a seismic shift in how we perceive financial planning and the crucial role attorneys play in this transformation. He digs into the pressing issues facing the financial market and the impending changes that could reshape our financial futures.
Greg discusses:
His epiphany about the future of the market and its impact on his clients
The significance of the 100th anniversary of the Great Depression in relation to current market conditions
Strategies for protecting family wealth, including offloading risk and exploring alternative investments
The role of insurance companies in providing stability during economic downturns
The potential of Bitcoin and real estate as alternative investment options
The importance of guaranteed income and the dangers of forced asset liquidation during market crashes
Roles that attorneys play in financial advocacy to protect clients’ interests in a comprehensive manner
The process of transitioning into retirement involves more than just financial planning; it involves psychological and emotional preparation as well.
How can attorneys and financial advisors provide a more holistic service that addresses the human side of retirement? How can they help clients navigate the emotional complexities of leaving their work identity behind?
This week, Greg DuPont chats with Lindsay Troxell, Founder, CEO, and Head Coach At Our Coaching Initiative. They explore the importance of understanding clients’ emotions, the impact of exhaustion on retirement dreams, and strategies for attorneys and advisors to connect more deeply with their clients.
They discuss:
The significance of coaching in the financial advisory space and how it can enhance client relationships
The challenges clients face when transitioning from work life to retirement, particularly in terms of emotional readiness and identity
The importance of managing physical, emotional, mental, and spiritual energy for a fulfilling retirement
How advisors can help clients redefine their purpose and identity post-retirement
The art of asking the right questions to facilitate deeper conversations and connections with clients
How advisors can overcome feelings of inadequacy when stepping into a coaching role
Encouraging a growth mindset among advisors to move from merely surviving to thriving in their profession
Lindsay Troxwell is a Certified Life Coach and International speaker changing the landscape of financial services. Since 2005, Lindsay Troxell has worked on thousands of teams across the United States and in Europe with a focus on practice management, business development, client experience, team dynamics, and mindset.
The great wealth transfer is a monumental event, and attorneys must adapt to generational differences to capture this opportunity.
How can attorneys effectively communicate and market to different generations? What strategies can they employ to engage with a younger, more digitally savvy audience?
In this episode of the March to a Million podcast, Greg DuPont explores the importance of understanding generational nuances in marketing, especially in the context of the great wealth transfer. They explore the impact of financial events on younger generations and the necessity of creating content that resonates with Gen X, Millennials, and Gen Z.
Greg discusses:
The distinct marketing approaches required for different generations and the misconceptions attorneys may have
The shift from traditional word-of-mouth marketing to building a foundation of social proof for younger audiences
The importance of creating convenient, bite-sized content for digital platforms to attract the next generation
The need for attorneys to focus on the outcomes and feelings their services provide, rather than just the technical aspects
The benefits of utilizing owned media like print newsletters and websites to control the message and build credibility
Effective strategies for converting conversations into client engagements without hard selling
Are you ready to rethink your approach to long-term care planning and leave a lasting financial legacy for your clients?
In this episode of The March to a Million Podcast, Greg DuPont talks with Barclay Sisk, Vice-President at 1st Atlantic Brokerage, to uncover the secrets behind long-term care planning strategies and how attorneys can secure their clients’ financial futures. They explore the critical role of proper monitoring, adjusting insurance plans, and creating a personalized care fund over time.
Barclay discusses:
Creating a long-term care and legacy plan through asset-based and traditional insurance options
The importance of starting planning early to build a robust financial foundation
Rethinking long-term care coverage and insurance monitoring for a more secure financial future
Leveraging life insurance plans to ensure financial stability and legacy planning for affluent clients
1st Atlantic Brokerage is an independent IMO/BGA that works with commission-based and fee-based Advisors in the areas of Long-Term Care and Legacy planning. Barclay Sisk has developed a proprietary system and software to provide support in helping their clients make better decisions about their future care needs and the needs of their families. Barclay also works with Employee Benefits Specialists in helping them educate Business Owners and pre-retirees about the importance of a Long-Term Care benefit as a part of their overall benefits package.
Ready to help your clients with eliminating their debt and pursuing financial freedom?
Are there any methods available that we should know about?
Join Greg DuPont and Tracey Spikes, CLU, FICF, Debt Free 4 Life™ Specialist, as they discuss the transformative Debt Free 4 Life model that can change people’s future. Tracy shares personal stories and insights on how this model transforms lives by eliminating debt faster, increasing wealth accumulation, and offering financial freedom.
Greg and Tracey Discuss:
Tracy’s personal journey and the motivation behind the Debt Free 4 Life movement
How individuals can pay off significant debt quickly and pursue financial freedom within a short timeframe
The importance of understanding effective interest costs and redirecting finances to eliminate debt effectively
Tailoring financial plans to individual budgets without compromising lifestyle choices
Tracey Spikes believes that Debt and Taxes are two of the greatest detractors of wealth accumulation and spendable income that Americans face today. He has studied income in America extensively and came to the shocking conclusion that well over 50% of what Americans earn over their lifetime goes to paying taxes and/or interest.
It’s for these reasons he uses the Smart Advisor Tools suite of software that includes Debt Free 4 Life™️ and Tax Smart 4 Life™️ as part of his advisory work with clients, and trains similarly-minded advisors.
DF4L is a debt elimination app that uses risk management-based products, like life insurance, to modify a “snowball” approach to debt elimination and cash flow management.
Debt is one of the biggest challenges facing many people today.
It can limit your choices, reduce your savings, and stress you out.
But what if there was a way to get rid of your debt faster and easier than you ever thought possible?
This week, Greg DuPont is joined by Adam Carroll, Professional Speaker & Founder of The Shred Method, to explore how the Shred Method can help achieve debt freedom in 3 to 7 years. They emphasize the importance of financial discipline and managing discretionary income to accelerate debt repayment, not just for mortgages but also for other loans. Adam also highlights the support provided by his team, making it easy for estate planning attorneys to implement this method for their clients.
Adam discusses:
The Shred Method as a unique tool for achieving debt freedom within 3 to 7 years
How to use money more effectively through the Shred Method
The effectiveness of leveraging a home equity line of credit to pay off mortgage
The ideal prospects for the Shred Method
The simplicity of the Shred Method and the role of his team in guiding clients through the assessment process
The effectiveness of the Shred Method in tackling student loan debt and its role in building equity
Adam Carroll has decades of experience working with families and business owners who are interested in creating massive efficiencies when it comes to their income and wealth building capacity. With an unwavering commitment to helping people make the most of the money they make, while limiting risk, reducing tax liabilities, and increasing liquidity, Adam Carroll has spent 15 years helping people do more with the money they make. He is an internationally recognized financial literacy expert, author of three Amazon best-sellers, a two-time TED talk speaker with over 6 million views on YouTube and TED.com, and is the creator of the Broke, Busted & Disgusted documentary which aired on CNBC and is shown in hundreds of high schools and colleges across the country. He is the host of the Build A Bigger Life podcast, the curator of MasteryOfMoney.com and founder of The Shred Method™.
Real estate is one of the most popular forms of investment. It offers a variety of benefits, such as income generation, capital appreciation, tax efficiency, and diversification.
However, real estate investing also comes with its own challenges, such as finding the right properties, managing them effectively, and navigating the complex legal and financial aspects.
That is why estate planning attorneys must be well educated in this field in order to provide the proper guidance to their clients.
Greg DuPont sits down with Taylor Vick, Managing Director at Blue Ridge Asset Management, to explore the ins and outs of real estate investing. Taylor shares his expertise on various types of real estate investments and the benefits of using self-directed IRAs. He also covers strategies for leveraging tax benefits to enhance investment returns.
Taylor discusses:
The wealth-building potential and steady income real estate offers
The liquidity aspect of real estate investments
The tax advantages of real estate investment
Exploring asset management, 1031 exchanges, and diversification strategies for real estate investments
Insights on real estate deals in the current market with higher interest rates and strategies for future potential refinancing
Incorporating real estate into trusts for estate planning to transfer valuable assets and minimize estate taxes
Taylor Vick has pursued a passionate commitment to the real estate investment community in and around the upstate for decades. Obtaining his CFA (Chartered Financial Analyst) designation, Taylor continued to drive his passion for real estate investing at a high level pursuing the most advanced training, traveling the globe attending industry-leading conferences, and continuing to stay at the leading edge of the investment world each and every day. His tenacity for reaching industry-leading milestones for Blue Ridge has shown year after year, including an increasingly growing total of $150+ million in real estate funds managed.
As Principal and Managing Director, Taylor has a wide range of industry expertise and involvement including private company investments, acquisitions, commercial loans, agency debt, insurance company loans, non-recourse financings, 1031 exchanges, leases with purchase options, originating mortgage notes to buyers, receiving mortgage notes from sellers, contract assessments and equity cash-out refinancing among a variety of strategies that lead the industry in both performance and success.
Taylor’s success is not only driven by the impressive numbers, tenacity, and hunger to lead the industry but in the relational side of Blue Ridge. With an investor-first mindset, Taylor prioritizes investor relationships as the foundation of Blue Ridge’s advancement in the industry and the ever-growing investor client list is proof of his unwavering relational commitment.
You can also find Taylor involved heavily in supporting local community missions, organizations, and events as his local roots remain strong in supporting the upstate’s growth surge sustainably.
