thefinancialphysician

Lou Scatigna, CFP conducts an exclusive interview with Andy Schectman, President and CEO of Miles Franklin Ltd. Precious Metals.

Listeners of The Financial Physician know that it is a rare occasion when host Lou Scatigna, CFP® has a guest on the show. However, Lou bends on that rule when it comes to 40+ year financial veteran Peter Grandich, who recently returned to the program for a discussion about money, markets, politics and a variety of other topics.

When it comes to investing, people tend to think about stocks and bonds. Most investors have a fairly decent understanding of the stock market, but even experienced ones may not have a full grasp of how the bond market works. In this segment from The Financial Physician, host Lou Scatigna, CFP® provides insight on the bond market and explains how bonds can fit in your portfolio. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

Let’s talk about some of the common mistakes that people make in estate planning. Unfortunately, many people tend to make the worst financial decisions of their life, at the end of their life. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

It is a documented fact that very few people do proper estate planning. In fact, many people do not even know what estate planning is. In the simplest terms, estate planning is determining where your assets will go when you pass, and this is something you want to direct yourself. One of the ways you can manage your estate is by using a trust. So what exactly are trusts, and how do they work? Host Lou Scatigna, CFP® explains in this segment from The Financial Physician. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

What is short selling, and why would someone want to sell a security that they do not own? To state it in the simplest form, short selling is the sale of a security that you think will go down in price. When you own a stock, you are “long” on that stock because you think the price will go up. On the contrary, you are “short” on a stock when you think it will go down from its current price. However, short selling comes with its own set of risks because there is no limit to the amount of money you can lose if the stock continues to go up. Host Lou Scatigna, CFP® expands further on the concept of short selling in this segment from The Financial Physician. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

In the wills of many people, they say that their assets should be disbursed equally amongst all of their children. However, that is not always the case. What should you do in the situation that you want to leave unequal shares to your children heirs? Host Lou Scatigna, CFP® explains in this segment from The Financial Physician. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

Lou Scatigna, CFP® appears on "It's Your Money" with Jo Ann Morgano and Martin Saltzman to discuss the Economy, Investing in 2024 and the Presidential Election. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

The vehicles that most investors use are Mutual Funds, Exchange-Traded Funds (ETFs) and Index Funds, which are most commonly used by retail investors. So what is the difference between each investment vehicle, and how exactly do they work? Most importantly, which of these methods is best for you? Host Lou Scatigna, CFP® explains in this segment from The Financial Physician. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

A controversial and often misunderstood financial topic is reverse mortgages. Most people do not fully understand how a reverse mortgage works, nor do they have a true understanding of the pros and cons that come with one. A reverse mortgage is a way for older homeowners to borrow the equity in their house. Many senior homeowners are struggling to get by right now, and a reverse mortgage serves as a way for them to get access to funds they may need for a variety of different reasons. If used correctly, a reverse mortgage can be a remarkable financial instrument, but that does not mean it is right for everyone. Host Lou Scatigna, CFP® explains in this segment from The Financial Physician. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

When we visualize about retirement, we tend to think about an enjoyable life full of relaxing trips to the beach and extended time being spent with our grandchildren. What we do not think about is a long-term stay in a nursing home. Unfortunately, long-term care is something many people will have to address at some point, and you will have to figure out a way to pay for it. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

One of the best things you can possibly do for your family (and yourself) is to pre-plan your funeral. Handling your arrangements while you are still in good health is the only way to ensure you get the type of service you want, along with any other burial requests you may have. What this also does is alleviate some stress from your family while they are grieving after you pass. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

When we come into the world, we have no assets and no money, and then we eventually die with nothing as well. In the time between birth and death, we do accumulate wealth, however. Since we cannot take anything with us, our assets have to go to someone when we pass. So what is the best process when it comes to handling an inheritance? Host Lou Scatigna, CFP® explains in this segment from The Financial Physician. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

As many Americans get closer to the age of 65, they are starting to look at retirement options. One of the items they need to review is Social Security, which is an extremely complicated topic. The nuances and things you need to know concerning Social Security can be pretty difficult to navigate. In this segment from The Financial Physician, host Lou Scatigna, CFP® guides you through the various elements of Social Security to give you a better understanding of the topic. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

As discussed on our video last week, a person’s financial success can essentially be narrowed down to how they purchase and finance homes and cars. In this segment from The Financial Physician, host Lou Scatigna, CFP® addresses the topic of cars and how so many people waste money on a lifetime of automobiles. How we buy cars, how we finance them and how long we keep them makes a huge difference when it comes to our financial health. The Proper Way To Buy And Finance A Home: https://rumble.com/v3o3ri4-lou-scatigna.html Get A Free Copy of Lou’s Book: https://thefinancialphysician.com/

Financial success and failure can essentially be narrowed down to two items: cars and houses. The decisions you make on how to purchase these two things play a major role in determining your financial health and monetary success. In this segment from The Financial Physician, host Lou Scatigna, CFP® discusses the topic of houses, in particular the proper way to buy and finance a home. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

One of the reasons why people fail financially is because they do not use the tax code to their advantage. The most important thing you need to know when it comes to taxes is that the Federal Government is our partner in all of our financial ventures. We do all the work, but they take a cut of everything we earn. With that said, the government gives us opportunities to avoid taxes, but many people do not take advantage of them. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

Another reason why people fail financially is because they do not understand the impact of inflation. To use a medical analogy, inflation is a slow-moving cancer inside the financial body that continually erodes our purchasing power over time. In order to maintain optimal financial health, it is important that you know how to protect yourself and your savings from the impact of inflation. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

One of the reasons people fail financially is because they believe Wall Street, or the financial industry in general, has their best interests at heart. When you are dealing with Wall Street, the deck is already stacked against you from the beginning. Never forget that Wall Street is in the business of making money, and their concerns are not the same as those of us who are living on Main Street. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

Your financial advisor is like your doctor. You better have the right one, or you are going to be in trouble. And unfortunately, a large percentage of people in the financial industry are not advisors at all. In fact, they are simply financial salespeople, and their job is to sell you investments. A financial advisor is someone who can advise you on a wide array of financial situations, and the fact of the matter is that many of the people in the industry do not have the knowledge or certifications to do that. So what are some of the most important things to look for when you are seeking a financial advisor? Host Lou Scatigna, CFP® provides insight on that during this segment from The Financial Physician. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

Nothing makes people crazier than money. It can drive the most level-headed individuals to act completely irrational. Our financial psychology dictates how we deal with money, so it is extremely important to understand what makes us tick financially. People tend to make huge financial mistakes due to financial psychology and the feelings they have about money. So what determines your financial psychology, and what is the best way to manage your emotions when it comes to money? Find out in this podcast segment from host Lou Scatigna, CFP. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

So many people today are driven by feelings of material entitlement, believing they deserve to live extravagant lifestyles. We are constantly being advertised to and told that we need the newest products on the market, and people are more than happy to pull out a credit card to purchase things they cannot afford. Essentially, people are feasting today to starve tomorrow. And, long story short, these feelings of material entitlement can ruin your financial health. Full Episode: https://thefinancialphysician.com/podcast-september-3-2023/

After 23 years on the radio, host Lou Scatigna, CFP has officially transitioned The Financial Physician to a podcast-only platform. Never Miss A New Podcast: https://thefinancialphysician.com/

If you have kids who just graduated from high school and are heading to college this fall, or if you have adult kids who are already attending college, you have some important matters to address. Two necessary tasks are getting a medical power of attorney and a financial power of attorney for your child. In the case of an emergency, HIPAA guidelines prevent you from receiving medical information about your child without a medical power of attorney, nor can you make any decisions involving their care. A financial power of attorney would be necessary in this situation so you can deal with any financial aspects that may be involved if your child was under hospitalization or other forms of treatment. In this segment from The Financial Physician, host Lou Scatigna, CFP tells you how to go about getting a medical and financial power of attorney. Additionally, he also discusses various topics around inheritance and how you can control its distribution via trusts. Get A Free Copy of Lou's Book: https://thefinancialphysician.com/

One chapter closes, but another one is just beginning. This past week, Lou Scatigna, CFP delivered his final radio show episode after 23 years of being on the air. But do not fret! The Financial Physician is now moving to a podcast-based platform where it will continue to produce weekly episodes on Sundays while also providing additional episodes during the week. Lou talks more about that transition and touches on the latest news surrounding finance and the economy in this segment from his final show on WOBM. Sign Up for Email Alerts: https://thefinancialphysician.com