On this episode of Real Talks on the Rocks, I sit down with Miguel Delgado, who is a wealth manager with Peak360 investments.

Miguel talks about his upbringing not really understanding money and the impact of seeing his relatives being “taken advantage of” by people who were smarter with money.

Miguel talks general considerations people should be cognizant of in planning their long term financial independence.

*DISCLAIMER*

The opinions expressed in this episode are that of myself and of my guest and is not intended to be financial guidance for your specific situation. Please consult with your own financial advisor.

Chapter list:

00:00- Preview

01:00- Intro

01:50- When you don’t understand how money works…

07:35- Educating those who don’t understand money

10:28- What a financial planner does

17:14-Overwhelmed with cost of living

23:05- Tips for young entrepreneurs

28:20- What does financial independence mean?

34:30-Does your lifestyle match your income?

38:40-Investing back into your business

42:45-Financial Independence vs Retirement

48:00- When to start to look for a financial planner

54:15- Finding mentors

56:40- Biggest lies that are told to us in finances

57:55- Millennials buying homes in todays climate

1:02:10- How a Financial Planner determines if they are a good fit for you

1:07:25- Health Savings Account- What you don’t know!

1:11:30- How your kids can and cannot help you in retirement

1:14:00- Generation X and the problems with retirement

1:22:30- The life insurance controversy

1:30:45- What Millennials should start thinking about today

1:36:54- Is it too late to start investing?

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