Lou Scatigna Appears on It's Your Money
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/
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What Are Mutual Funds, ETFs And Index Funds?
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/
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Pros and Cons Of Reverse Mortgages
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/
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How To Pay For Long-Term Healthcare
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/
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Why You Should Pre-Plan Your Funeral
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/
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What To Do With An Inheritance
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/
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Social Security Explained
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/
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The Right Way To Buy A Car
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/
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The Proper Way To Buy And Finance A Home
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/
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Why It’s Important To Understand Income Taxes
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/
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How To Protect Yourself And Your Savings From Inflation
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/
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Be Careful When Dealing With “Wall Street”
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/
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The Importance of Choosing the Right Financial Advisor
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/
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How Your Financial Psychology Affects Your Financial Success
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/
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Feelings of Material Entitlement Can Ruin Your Financial Health
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/
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Welcome to Our First Podcast-Only Show!
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/
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Do You Have A Power of Attorney for Your College-Bound Child?
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/
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The End of An Era
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
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The Retirement Crisis in America
We are experiencing a retirement crisis here in America. So many people are entering their retirement age right now and have nothing saved. An estimated 40 million Americans have zero retirement savings, and that likely means we are going to see levels of poverty among seniors that we have never experienced before. So who is to blame for this retirement crisis, and is there anything we can do to reverse it? Lou Scatigna, CFP discusses that and much more in this segment from The Financial Physician.
Get A Free Copy of Lou's Book: https://thefinancialphysician.com/
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Reasons for Selling Your Life Insurance Policy
A lot of older people have life insurance and continue to pay premiums on a policy they no longer need. Most of us get life insurance as a way to safeguard our family in case something tragic happens, but that type of protection becomes less necessary as we age.
When we no longer require life insurance, cashing out the policy is one choice we can make, but another option is to sell it. What exactly does that mean, and how does one go about selling their policy? Host Lou Scatigna, CFP explains in this segment from The Financial Physician.
Get A Free Copy of Lou's Book: https://thefinancialphysician.com/
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Review of the Debt Ceiling Legislation
There has been a lot of talk about the debt ceiling lately, particularly with recent legislation that suspended the debt ceiling and set federal spending limits. We have been told that this legislation pulled our nation back from the brink of economic catastrophe, but are we really in the clear now? Lou Scatigna, CFP shoots it straight in this segment from The Financial Physician, providing you with a true understanding of where our economy stands regarding the debt ceiling.
Get A Free Copy of Lou's Book: https://thefinancialphysician.com
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The Power of Generosity
A great way to use wealth is through generosity. People who are generous also tend to be much happier than those who are not. Generosity is an incredible quality that positively impacts the lives of others, and yours as well. Long story short, giving and sharing is the glue that holds our society together. When you help others, everybody wins.
Get A Free Copy of Lou's Book: https://thefinancialphysician.com
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Protecting Your Money During a Banking Crisis
You should not have your life savings in banks right now. Smart money is currently fleeing the banks in a way that we have never witnessed before. We continue to see growing problems in the banking system, and the trouble is not going away. When the media and politicians make it a point to keep telling you that everything is fine, that is typically a pretty good indication that things are indeed not fine.
So with the intensifying turmoil that is occurring throughout our banking system, where is the safest place for your money to go? Host Lou Scatigna, CFP® explains in this segment from The Financial Physician.
Get A Free Copy of Lou's Book: https://thefinancialphysician.com
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The Federal Reserve’s Control Over Wall Street
The Federal Reserve meets every six weeks, and this powerful, unelected and un-Constitutional organization has profound effects on virtually every financial aspect of your life and the economy overall. After 12 years of zero interest rates, the Federal Reserve has aggressively raised interest rates over the past 12 months, and at a faster pace than any time in our history. These moves have effectively tanked the stock and bond markets, and they continue to have a huge effect throughout Wall Street. Long story short, the Federal Reserve has way too much power over our economy.
Get A Free Copy of Lou's Book: https://thefinancialphysician.com/
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Is the Central Bank Constitutional?
There is nothing in our Constitution that says we should have a Central Bank. It actually states that Congress and the Treasury are the ones who can mint coins. However, the Federal Reserve Act was essentially snuck into proclamation on Christmas Eve 1913, and now we have an unelected, private corporation creating money and maintaining more control over your life than the President of the United States. The Federal Reserve is the most powerful organization in the world, and it is headed by an unelected chairman who basically makes all of the economic decisions for our country.
So is the Central Bank Constitutional? Host Lou Scatigna, CFP® says no, and he explains why in this segment from The Financial Physician.
Get A Free Copy of Lou's Book: https://thefinancialphysician.com/
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