YAPClassic: Peter Mallouk on The Path to Financial Freedom

Young and Profiting with Hala Taha

YAP Media Network | Hala Taha

Entrepreneurship, Business, Marketing

4.8 • 1.5K Ratings

🗓️ 1 July 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you want to grow and protect your wealth and secure your financial future, the best time to start is now. Investing can seem intimidating and confusing, but Peter Mallouk, CEO of Creative Planning, sought-after financial thought leader, and New York Times bestselling author is here to demystify investing and financial planning and get you on a path to financial freedom. In this episode, Hala and Peter discuss why now is the best time to start investing, what plans you should have in place before you invest, and at what point you should consider getting an independent financial advisor, and Peter gives tips about compounding, insurance, and diversifying. Topics Include: - Importance of optimism and the truth about “the good ole days” - The media and the narrative of negativity - Why is now the best time to be investing? - S&P 500 and the importance of diversifying - Real-life experience of the importance of diversifying - The power of compounding - Why it’s important to know what we want - Financial independence vs retirement - Important plans to have in place before starting investing - Difference between broker and independent financial advisor - When should you get an independent financial advisor - Tips for someone working at a corporation - Advice about insurance - What to look for in financial planning - Peter’s New Book, The Path - Peter’s secret to profiting in life - And other topics… Peter Mallouk is the CEO of Creative Planning, a wealth management firm, that has been ranked #1 in America by outlets such as CNBC and Barron’s. Peter has been on Worth Magazine’s Power 100 rankings and has received other accolades such as the Ernst & Young Entrepreneur of the Year Award. He is also a financial industry thought leader and author of several books, including The 5 Mistakes Investors Make and How to Avoid Them and The Path, co-authored by Tony Robbins. Sponsored By: Open Door Capital - Go to investwithodc.com to learn more! Jordan Harbinger - Check out jordanharbinger.com/start for some episode recommendations Shopify - Go to shopify.com/profiting, for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features Faherty - Head to fahertybrand.com/yap and use code YAP at checkout to snag 20% off ALL your new spring staples First Person - Go to getfirstperson.com and use code YAP to get 15% off your first order Resources Mentioned: YAP Episode #84: The Path to Financial Freedom with Peter Mallouk: https://www.youngandprofiting.com/84-the-path-to-financial-freedom-with-peter-mallouk/ YAP Episode #72: Post-Covid Predictions and Investing Tips with Peter Mallouk: https://www.youngandprofiting.com/72-post-covid-predictions-and-investing-tips-with-peter-mallouk/ Peter’s Books: https://www.amazon.com/Peter-Mallouk/e/B00NA6DO18 Peter’s Website: https://creativeplanning.com/ Peter’s LinkedIn: https://www.linkedin.com/in/peter-mallouk/ Peter’s Twitter: https://twitter.com/PeterMallouk/ Peter’s Facebook: https://www.facebook.com/OfficialPeterMallouk/ Connect with Young and Profiting: Hala’s LinkedIn: https://www.linkedin.com/in/htaha/ Hala’s Instagram:https://www.instagram.com/yapwithhala/ Hala’s Twitter: https://twitter.com/yapwithhala Clubhouse: https://www.clubhouse.com/@halataha Website: https://www.youngandprofiting.com/ Text Hala: https://youngandprofiting.co/TextHala or text “YAP” to 28046 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Have you ever been caught out by payments you've forgotten about?
0:03.2	Join over 2.5 million customers who are already using the Lloyd's Bank Upcoming Payments tool on our app.
0:09.8	It gives you early sight of regular payments that are due to leave your account in the next 31 days
0:15.8	to avoid any surprises.
0:17.8	It's just one of our many useful tools that can help you stay on top of your money.
0:22.4	To find out more, go to Lloyd'sbank.com forward slash cost of living.
0:27.0	Lloyd's Bank by your side.
0:30.0	You're listening to YAP, Young and Profiting Podcast, a place where you can listen, learn, and profit.
0:39.0	Welcome to the show.
0:41.0	I'm your host, Halla Taha, and on Young and Profiting Podcast, we investigate a new topic each week
0:47.0	and interview some of the brightest minds in the world.
0:50.0	My goal is to turn their wisdom into actionable advice that you can use in your everyday life
0:56.0	no matter your age, profession, or industry.
0:59.0	There's no fluff on this podcast, and that's on purpose.
1:03.0	I'm here to uncover value from my guests by doing the proper research and asking the right questions.
1:09.0	If you're new to the show, we've chatted with the likes of XFBI agents, real estate moguls,
1:14.0	self-made billionaires, CEOs, and bestselling authors.
1:18.0	Our subject matter ranges from enhanced productivity, had to gain influence,
1:22.0	the art of entrepreneurship, and more.
1:25.0	If you're smart and like to continually improve yourself, hit the subscribe button,
1:30.0	because you'll love it here at Young and Profiting Podcast.
1:33.0	This week on YAP, we're chatting with Peter Malook.
	...

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