Wealth on the Move

<p><strong>Summary:</strong> In this episode of Wealth on the Move, host Will Hoffman engages with Cary Siegel, author of &#8216;Why Didn&#8217;t They Teach Me This in School?&#8217; They discuss the critical need for financial literacy in education, the importance of teaching children about money management, and practical strategies for parents to fill the gaps in their own financial knowledge. Cary shares insights from his book, emphasizing the value of getting rich slowly, avoiding the pitfalls of comparison, and the necessity of negotiation in everyday life. The conversation highlights the shift from traditional pensions to personal financial responsibility, urging listeners to take charge of their financial futures. In this conversation, Cary Siegel shares invaluable financial wisdom, emphasizing the importance of budgeting, living below one&#8217;s means, and making informed financial decisions at various life stages. He discusses practical steps for new graduates, young families, and those approaching retirement, while reflecting on his own experiences during the financial crisis. Cary also debunks common money myths and encourages listeners to invest time in understanding personal finance.</p> <p><strong>Resources: </strong></p> <ul> <li><a href="https://www.amazon.com/Didnt-They-Teach-This-School/dp/1481027565">Link to Buy <em>Why Didn&#8217;t They Teach Me This In School?</em></a></li> <li><a href="https://www.amazon.com/dp/0692116532/ref=mes-dp?_encoding=UTF8&amp;pd_rd_w=O5a0O&amp;content-id=amzn1.sym.9986c774-1242-403d-ae9e-f3251eb87773&amp;pf_rd_p=9986c774-1242-403d-ae9e-f3251eb87773&amp;pf_rd_r=RWK10R1XYNM1BAKWR53V&amp;pd_rd_wg=4IHFc&amp;pd_rd_r=f4b9fce7-88a7-4a81-b03f-9907f3f5d085">Link to Buy <em>Why Didn&#8217;t They Teach Me This In School Too?</em></a></li> </ul> <p><strong>Takeaways:</strong></p> <ul> <li>Financial literacy is lacking in schools.</li> <li>Carrie Siegel wrote the book for his children.</li> <li>Money management is crucial for all ages.</li> <li>Parents should start teaching financial basics early.</li> <li>Investing in a 401(k) is essential for future security.</li> <li>Getting rich slowly is a sustainable approach.</li> <li>Avoid comparing yourself to others financially.</li> <li>Negotiation can lead to significant savings.</li> <li>Understanding needs versus wants is vital.</li> <li>Financial education should be a lifelong pursuit. Always have a budget and follow it.</li> <li>Living below your means is crucial for financial stability.</li> <li>Pay off your mortgage as quickly as possible for security.</li> <li>New graduates should prioritize their IRA and loan repayments.</li> <li>Enjoy life while making financial trade-offs.</li> <li>Consider your children&#8217;s education costs early on.</li> <li>Invest in the stock market for better returns over time.</li> <li>Passive income is often not as passive as it seems.</li> <li>Work hard and smart in your career for better opportunities.</li> <li>Take time each week to learn about money management.</li> </ul> <p><b>Connect with Will Hoffman: </b></p> <ul> <li style="font-weight: 400"><a href="http://www.hoffmanwealth.com"><span style="font-weight: 400">Hoffman Wealth Management</span></a></li> <li style="font-weight: 400"><span style="font-weight: 400">(724) 522-5411</span></li> <li style="font-weight: 400"><a href="mailto:[email protected]"><span style="font-weight: 400">[email protected]</span></a></li> <li style="font-weight: 400"><a href="https://www.linkedin.com/in/willhoffmanhwm/"><span style="font-weight: 400">LinkedIn: Will Hoffman </span></a></li> <li style="font-weight: 400"><a href="https://www.facebook.com/Hoffman-Wealth-Management-101186562746291"><span style="font-weight: 400">Facebook: Hoffman Wealth Management</span><b> </b></a></li> <li style="font-weight: 400"><a href="https://www.youtube.com/channel/UC1zbf-IxVDsOGxPykPyRz8w?app=desktop"><span style="font-weight: 400">YouTube: Hoffman Wealth Management</span></a></li> </ul> <p>&nbsp;</p> <h5>Disclosure: Cary Siegel and Why Didn’t They Teach Me This In School are not affiliated with Hoffman Wealth Management or Private Advisor Group</h5>

In this episode of Wealth on the Move, host Will Hoffman speaks with Mark Miller, managing director of the Hilton Family Office, about the strategies and mindsets that have allowed the Hilton family to build and preserve their wealth across generations. They discuss the differences between retail and smart money investing, the importance of a long-term mindset, and the shift from traditional pension plans to 401(k)s. Mark shares insights on legacy planning, the significance of education for future generations, and how to structure investments for safety and growth. The conversation emphasizes the need for individuals to take responsibility for their financial futures and the value of understanding wealth management principles.

<p><strong>Summary:</strong> In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck discuss five outdated practices in the wealth management industry that need to be left behind. They explore the ineffectiveness of dinner seminars, the rise of financial influencers, the misconceptions surrounding life insurance as an investment, and the importance of integrated financial advice. The conversation emphasizes the need for a client-centered approach and the dangers of siloed advice in financial planning. In this conversation, Will and Brynn discuss the importance of collaboration among financial professionals, the challenges of founder limitations in firms, and the need for a client-centric approach in the financial profession. They emphasize the significance of integrating various professional insights to provide comprehensive financial advice and the necessity of building firms that can thrive beyond their founders.</p> <p><strong>Resources: </strong></p> <ul> <li><a href="https://www.wealthonthemove.com/2026/04/23/ben-carlson-why-buy-and-hold-still-wins-even-after-a-30-year-market-crash-episode-48/">Wealth on the Move Episode with Ben Carlson</a></li> </ul> <p><strong>Takeaways:</strong></p> <ul> <li>The wealth management industry needs to evolve and leave behind outdated practices.</li> <li>Dinner seminars often create a forced quid pro quo that doesn&#8217;t serve clients&#8217; best interests.</li> <li>Financial influencers can provide valuable content, but their advice should be vetted for credibility.</li> <li>Life insurance is a tool for protection, not primarily an investment vehicle.</li> <li>Siloed advice from different financial professionals can lead to misaligned strategies and poor outcomes.</li> <li>Education-based seminars are preferable to high-pressure sales tactics.</li> <li>Clients should seek validation from licensed professionals before acting on financial advice.</li> <li>Integrated financial planning requires collaboration among advisors, accountants, and attorneys.</li> <li>Relying on social media for financial decisions can be risky without proper validation.</li> <li>A comprehensive financial plan should include multiple strategies and tools, not just one product. It&#8217;s important to move accountants into advisory roles.</li> <li>Collaboration among professionals leads to better client outcomes.</li> <li>Financial advisors need to consider lifetime tax implications.</li> <li>Siloed advice can harm clients&#8217; financial plans.</li> <li>Building relationships with other professionals is crucial.</li> <li>Firms should focus on values to ensure growth.</li> <li>A founder&#8217;s limitations can bottleneck a firm&#8217;s potential.</li> <li>Legacy building is essential for sustainable business.</li> <li>Client-centric approaches improve overall service.</li> <li>Professionals should strive to be agents of change.</li> </ul> <p><b>Connect with Will Hoffman: </b></p> <ul> <li style="font-weight: 400"><a href="http://www.hoffmanwealth.com"><span style="font-weight: 400">Hoffman Wealth Management</span></a></li> <li style="font-weight: 400"><span style="font-weight: 400">(724) 522-5411</span></li> <li style="font-weight: 400"><a href="mailto:[email protected]"><span style="font-weight: 400">[email protected]</span></a></li> <li style="font-weight: 400"><a href="https://www.linkedin.com/in/willhoffmanhwm/"><span style="font-weight: 400">LinkedIn: Will Hoffman </span></a></li> <li style="font-weight: 400"><a href="https://www.facebook.com/Hoffman-Wealth-Management-101186562746291"><span style="font-weight: 400">Facebook: Hoffman Wealth Management</span><b> </b></a></li> <li style="font-weight: 400"><a href="https://www.youtube.com/channel/UC1zbf-IxVDsOGxPykPyRz8w?app=desktop"><span style="font-weight: 400">YouTube: Hoffman Wealth Management</span></a></li> </ul>

<p><strong>Summary:</strong> In this episode, Ben Carlson discusses long-term investing, the importance of diversification, managing investor psychology, and insights from his new book &#8216;Risk and Reward&#8217;. He shares lessons from Japan&#8217;s stock market history, debunks common investing myths, and emphasizes the value of simplicity and discipline in wealth management.</p> <p><strong>Resources: </strong></p> <ul> <li><a href="https://www.amazon.com/Risk-Reward-handle-volatility-long-term/dp/1804093262">Find <em>Risk &amp; Reward </em>on Amazon</a></li> <li><a href="https://awealthofcommonsense.com/">A Wealth of Common Sense Website</a></li> <li><a href="https://awealthofcommonsense.com/podcast/">Animal Spirits Podcast</a></li> </ul> <p><strong>Key  topics:</strong></p> <ul> <li>Long-term investing and buy-and-hold strategy</li> <li>Lessons from Japan&#8217;s stock market history</li> <li>The importance of diversification and avoiding concentration risk</li> <li>Managing investor psychology and behavioral biases</li> <li>Insights from Ben Carlson&#8217;s new book &#8216;Risk and Reward&#8217;</li> </ul> <p><b>Connect with Will Hoffman: </b></p> <ul> <li style="font-weight: 400"><a href="http://www.hoffmanwealth.com"><span style="font-weight: 400">Hoffman Wealth Management</span></a></li> <li style="font-weight: 400"><span style="font-weight: 400">(724) 522-5411</span></li> <li style="font-weight: 400"><a href="mailto:[email protected]"><span style="font-weight: 400">[email protected]</span></a></li> <li style="font-weight: 400"><a href="https://www.linkedin.com/in/willhoffmanhwm/"><span style="font-weight: 400">LinkedIn: Will Hoffman </span></a></li> <li style="font-weight: 400"><a href="https://www.facebook.com/Hoffman-Wealth-Management-101186562746291"><span style="font-weight: 400">Facebook: Hoffman Wealth Management</span><b> </b></a></li> <li style="font-weight: 400"><a href="https://www.youtube.com/channel/UC1zbf-IxVDsOGxPykPyRz8w?app=desktop"><span style="font-weight: 400">YouTube: Hoffman Wealth Management</span></a></li> </ul> <p>&nbsp;</p> <h5>Disclosure: Ben Carlson and Ritholtz Wealth Management are not affiliated with Hoffman Wealth Management and Private Advisor Group.</h5>

<p><strong>Summary:</strong> In this episode of Wealth on the Move, host Will Hoffman engages with Bonnie Treichel, J.D., co-author of <em>Your Retirement Sketchbook.</em> They discuss the complexities of retirement planning, emphasizing the importance of visualization, the psychological shift required for retirement (termed &#8216;rewirement&#8217;), and the need for community and purpose in this new phase of life. The conversation also covers practical aspects like social security, the upcoming wave of retirements (Peak 65), and the often-overlooked topics of pets and digital footprints in retirement planning. The episode encourages proactive discussions about retirement and highlights the dynamic nature of financial planning.</p> <p><strong>Resources: </strong></p> <ul> <li><a href="https://www.barnesandnoble.com/w/your-retirement-sketchbook-jamie-p-hopkins/1147372262"><em>Your Retirement Sketchbook</em> at Barnes &amp; Noble</a></li> <li><a href="https://www.amazon.com/Your-Retirement-Sketchbook-Planning-Financial/dp/1804091952"><em>Your Retirement Sketchbook</em> on Amazon</a></li> <li><a href="https://endeavor-retirement.com/">Endeavor Retirement Website</a></li> <li><a href="https://www.linkedin.com/in/bonnietreichel/">Connect with Bonnie on LinkedIn</a></li> </ul> <p><strong>Takeaways:</strong></p> <ul> <li>Retirement can feel confusing and overwhelming for many people.</li> <li>Visualization is a powerful tool in understanding financial concepts.</li> <li>The concept of &#8216;rewirement&#8217; emphasizes a mindset shift for retirement.</li> <li>Community, purpose, and recreation are essential for a fulfilling retirement.</li> <li>Retirement planning is not a one-time event but a dynamic process.</li> <li>Social security decisions can significantly impact retirement finances.</li> <li>The upcoming Peak 65 wave will see a large number of retirements.</li> <li>Pets can provide companionship and purpose in retirement.</li> <li>Planning for your digital footprint is increasingly important.</li> </ul> <p><b>Connect with Will Hoffman: </b></p> <ul> <li style="font-weight: 400"><a href="http://www.hoffmanwealth.com"><span style="font-weight: 400">Hoffman Wealth Management</span></a></li> <li style="font-weight: 400"><span style="font-weight: 400">(724) 522-5411</span></li> <li style="font-weight: 400"><a href="mailto:[email protected]"><span style="font-weight: 400">[email protected]</span></a></li> <li style="font-weight: 400"><a href="https://www.linkedin.com/in/willhoffmanhwm/"><span style="font-weight: 400">LinkedIn: Will Hoffman </span></a></li> <li style="font-weight: 400"><a href="https://www.facebook.com/Hoffman-Wealth-Management-101186562746291"><span style="font-weight: 400">Facebook: Hoffman Wealth Management</span><b> </b></a></li> <li style="font-weight: 400"><a href="https://www.youtube.com/channel/UC1zbf-IxVDsOGxPykPyRz8w?app=desktop"><span style="font-weight: 400">YouTube: Hoffman Wealth Management</span></a></li> </ul> <p>&nbsp;</p> <h5>Disclosure: Bonnie Treichel and Endeavor Law are not affiliated with Hoffman Wealth Management and Private Advisor Group.</h5>