Financial Gravity Podcast – Episode 27 – Dr. David Phelps — Pivot When the Time is Right

Dr. David Phelps has done in his career, what a lot of people are doing — pivoting. He used to be a practicing dentist, with his own private practice for 21 years, but even while he was in college, he had an entrepreneurial mindset. After years of being stuck in the grind, he has now moved in a different direction, to pursue his fortune in the real estate market. Tune in to hear David’s advice on when you should pivot, and how to get yourself on the road to the freedom you desire.

Episode 27 – Dr. David Phelps — Pivot When the Time is Right

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Financial Gravity Podcast – Episode 26 – Tommy Benizio — Perseverance Pays

Tommy Benizio owns a professional football club in Allen, Texas. He started off playing hockey, but discovered that his passion lay in managing teams, rather than playing the sport. He helped to start the Indoor Football League, and served as the commissioner of the Indoor Football League for many years, before he was approached to take over the Allen Wranglers, which he now runs as the team Texas Revolution. In today’s episode, listen to Tommy’s story of perseverance and dedication, that helped him to get to where he is today.

Episode 26 – Tommy Benizio — Perseverance Pays

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Why Does Institutional Beat Retail?

Today we are moving on to part two of our series on Factor Based Investing®. We’ll continue with the second law, which is that institutional beats retail.

When you buy retail, there are a lot of different layers. Let’s take the example of a candy bar. If you want to buy one, first, the company has to make the candy bar, then send it to a wholesaler, who then sends it to a retailer, who sells it to you. There are layers of complexity and costs for your candy bar.

The mutual fund industry is no different; here is a building analogy to explain. You can get everything you need to build a home at Home Depot (a retail mutual fund), and you’ll get a better deal than you will at a local hardware store (like buying all 500 of the S&P 500 on your own). However, a contractor can build 10 houses, add their fee on top of that, and still build a cheaper house than you can on your own or through a discount retailer. Do you understand the fidelity of this idea? You realize this is not a vanguard idea?


Retail is the chip, institutional is the corn itself.


For some reason, people tend to think financial services are different and they can go directly to a retail store (mutual fund) and get a really good price. However, when you go to a large “mutual fund store,” you will have a hard time determining price because they bury fees within their prices. Some mutual funds have as much as 5% in internal and hidden costs. Products that are meant to be sold are not always the best products for you.

For example, corn is a vegetable that is widely outsold as a byproduct of itself, tortilla chips. Less people eat actual corn than eat corn that has been pressed and fried, and pay more for it. Retail is like the chip, while the institutional form is the corn itself.

Keep this in mind, and we’ll be back next time to talk about why institutional gives you access to things you will never get in retail. If you have any questions in the meantime, give us a call or send us an email. I look forward to hearing from you soon.

Financial Gravity Podcast – Episode 25 – Kevin Hodes — Referrals Can Build a Business!

Kevin Hodes is the founder and CEO of Swypit, a credit card processing company. He is an entrepreneur with a very interesting story, because he has made a business within a business. In today’s episode, Kevin discusses how and why he’s carved out his place in this industry. Tune in to find out how you, too, can build a referral-based business in a competitive industry, by starting out slow, but building long-lasting relationships!

Episode 25 – Kevin Hodes — Referrals Can Build a Business!

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Financial Gravity Podcast – Episode 24 – Jill Young — Getting Bosses and Employees to See the Same Things

Jill Young is a Certified EOS (Entrepreneurial Operating System) Implementer who works with entrepreneurial leadership teams to get them aligned around vision, get them disciplined and accountable, and get them healthy to communicate with each other. She recently published Earn It, a revolutionary book that aims to furnish you with the tools you need to increase productivity in your company, and make more money. Tune in to find out more about what Jill has to say about communication between employees and bosses, and how getting everyone on the team on the same page, gets you to success.

Episode 24 – Jill Young — Getting Bosses and Employees to See the Same Things

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Financial Gravity Podcast – Episode 23 – Gordon Bizar — Embrace Disruptive Systems!

Gordon Bizar is an out-of-the-box thinker, who tends to pursue things that are disruptive and transformative to the industry. Back in the late 1960s, Gordon helped to revolutionize the financial services industry, by creating the integrated financial services industry, and a role that is today known as the Certified Financial Planner. In today’s episode, John and Gordon discuss the problem of unfunded liabilities, and how disruptive systems can help solve this problem, while saving your business thousands of dollars.

Episode 23 – Gordon Bizar — Embrace Disruptive Systems!

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John Pollock on The Robert Plank Show

Listen in as John shares his tax knowledge on The Robert Plank Show!

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Don’t Quit Your Job Just to Take Social Security. There’s a Better Way

The purpose of social security planning for a lot of people is to maximize the amount of money that they take out of social security. Here’s the problem, though: that should not be your goal.

Allow me to go off-tangent and offer a quick word of advice: don’t quit your job just to take social security. Work as long as you can. A lot of people that retire early wish they hadn’t and then find themselves stuck because they can’t re-enter the workforce. Also, it’s better to retire to something than from something. Simply retiring because you hate your job is a bad idea.

Now, back to our topic. Social security planning should be about maximizing your full retirement. The problem with social security planning, though, is that the most common advice is to push off your income until as late as possible. Based on my experience, I’d have to disagree with that.

First of all, where does the cash flow come from if you’re not taking it from social security? Your own portfolio—that’s where. This means you’re eroding your own personal portfolio in order to maximize a pension. Then when you die, that pension goes away. In essence, you’re basically betting on your pension lasting as long as possible, and that’s something you can’t know.

If you take your social security at your earliest retirement age, there’s usually a break-even period of about eight to 10 years before you get back the increase. In other words, if you’re taking $2,000 a month now, and you wait to get $2,500 a month, you’d only get an extra $500 a month. That $2,000 a month multiplied by five years, though, is $120,000. What’s $120,000 divided by $500? You do the math.


Don’t maximize social security—maximize your entire retirement.


The reality here is that you’ve lost out on four or five years of revenue in order to get an extra $500. That doesn’t make a lot of sense unless you’re positive you’re going to live into your 90s. That’s a dubious assumption. Even if you do live into your 90s, the money that would’ve stayed in your portfolio and grown while you’re taking money from social security is going to be a far bigger number than the extra amount you’re going to extract from social security.

Remember—social security is part of retirement planning, but it’s not the whole picture.

If you have any questions about this topic, please feel free to reach out to me by phone or email. I look forward to speaking with you!

Financial Gravity Podcast Episode 22 – Tom Quigley — Save on Health Insurance Premiums

Tom Quigley is a Co-Founder, Vice President, and National Business Consultant of ClaimLinx, a company that provides companies with a solution to reduce and manage their health insurance premiums and health care costs. ClaimLinx provides a simple, elegant, and legal solution, based on a law called Section 105, allowing small businesses to save thousands, while providing better coverage for their employees. In this episode, Tom shares how you, too, could be saving a hefty buck on your health insurance premiums, and increasing your profits!

Episode 22 – Tom Quigley — Save on Health Insurance Premiums

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John Pollock on the Like, Know & Trust Show

Listen to John’s guest spot on the Like, Know & Trust show with Britney Gardner.

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