On this episode, Dr. Preston Cherry breaks down estate planning in a way that makes it clear: everyone needs a plan, not just the rich. He explains key documents like wills, living trusts, powers of attorney, and healthcare directives—tools that protect your assets and ensure your wishes are followed.

He also shares strategies to avoid probate, minimize taxes, and keep your family from unnecessary stress. Most importantly, he urges open conversations about estate planning to prevent future conflicts and make sure your legacy is honored.

Key Points:
• Estate planning is for all
• Wills and trusts protect assets
• Plan ahead to avoid probate
• Update documents, talk openly

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Information on the Life Money Balance Podcast is for educational purposes only, not financial advice. Review our disclosures: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry delves into the complexities and benefits of incorporating annuities into retirement portfolios. With the startling statistic that 63% of Americans fear outliving their money more than death itself, Dr. Preston offers a comprehensive exploration of annuities as a solution to this anxiety.

He clarifies misconceptions by defining annuities not as investments, but as insurance against outliving one's savings. Through an engaging discussion, Dr. Preston sheds light on how annuities can provide a guaranteed income stream, thereby offering peace of mind and financial security during retirement.

Key Points:
• Understanding Annuities
• Types of Annuities
• Role in Retirement Portfolios
• Myths and Fiduciary Responsibility
• Famous Illustrations

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Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life'

Information on the Life Money Balance Podcast is for educational purposes only, not financial advice. Review our disclosures: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry explores financial harmony, guiding listeners from financial anxiety to alignment by connecting money decisions with personal values.

With 60% of Americans experiencing financial anxiety, Dr. Cherry presents a framework to help individuals and households align their finances with life goals. The episode also introduces the 6A alignment system, offering actionable steps for financial clarity.

Dr. Cherry also delves into financial therapy, emphasizing the emotional and psychological aspects of money. By addressing money avoidance and using strategies like journaling and self-audits, listeners can reduce stress, achieve financial confidence, and create a fulfilling life.

Key Points:
• Definition of Financial Harmony
• Impact of Misalignment
• The 6A Alignment System
• Financial Therapy
• Practical Tips for Financial Harmony

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Information on the Life Money Balance Podcast is for educational purposes only, not financial advice. Review our disclosures: https://www.concurrentfp.com/disclosures/

Building wealth through real estate is often promoted as a path to financial freedom, but it may not suit everyone, especially those in their 40s focusing on lifestyle and retirement goals.

In this episode, Dr. Preston Cherry emphasizes prioritizing foundational investments like 401(k)s, IRAs, and brokerage accounts before considering real estate, as nearly half of real estate owners fail to achieve a 10% return.

Challenges such as maintenance costs, tenant management, and market volatility are explored, alongside passive alternatives like REITs and crowdfunding. Ultimately, aligning financial strategies with one’s life stage and goals is key, as real estate is just one of many paths to financial success.

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Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Information on the Life Money Balance Podcast is for educational purposes only, not financial advice. Review our disclosures: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry dispels common myths about retirement age and encourages proactive emotional and financial preparation to ensure that retirement is approached with confidence and clarity.

He emphasizes the significance of redefining retirement not just as an end but as a transition into a phase of freedom and opportunity.

Key Points:
• Redefine Retirement
• Know Your Freedom Number
• Implement a Spending Plan
• Emotional Intelligence Preparation
• Prioritize Health

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Dr. Preston D. Cherry

What we share here is for educational purposes only, not personal financial advice. Feel free to join in the discussion! See our disclosures for more information: https://www.concurrentfp.com/disclosures/

Are you falling into the trap of following the herd? In this episode, Dr. Preston Cherry breaks down why blindly imitating others can hurt your finances, especially when it leads to buying high and selling low.

This episode emphasizes the importance of understanding one's long-term financial goals and matching investment actions to these objectives, avoiding impulsive decisions driven by fear of missing out (FOMO).

Key Points:
• Behavioral Pitfalls in Investing
• Core and Satellite Strategy
• Crypto Caution and Discipline
• Traditional vs. Decentralized Finance
• Educating Investors

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Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'

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Dr. Preston D. Cherry

What we share here is for educational purposes only, not personal financial advice. Feel free to join in the discussion! See our disclosures for more information: https://www.concurrentfp.com/disclosures/

There is a powerful link between gratitude and financial success, especially for Generation X. In this episode, Dr. Preston Cherry shares how combining gratitude with grit and grace can improve financial decisions and boost life satisfaction. Using the PERMA model, it explains how gratitude impacts the brain, enhances emotional well-being, and drives personal and financial success.

Key Points:

• The Power of Gratitude
• The PERMA Model
• Generation X's Financial Struggles
• Daily Gratitude Practices
• Supportive Network

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Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'

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Dr. Preston D. Cherry

What we share here is for educational purposes only, not personal financial advice. Feel free to join in the discussion! See our disclosures for more information: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry and Shana Sissel discuss the importance of alternative investments in portfolio construction and risk management. They explore the vast universe of alternatives, how they can align with personal values, and the evolving landscape of investment strategies.

Key Points:
• Alternative investments offer diverse opportunities outside of traditional stocks and bonds.
• A balanced portfolio should mix core and alternative investments to manage risk.
• Knowing how different assets interact helps in creating a strong investment strategy.
• Investors should choose alternatives that align with their values and interests.
• Discussing risk, liquidity, and goals with clients is key for building successful investment plans.

Want to learn more? Connect with us below!

Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'

Sign up for 'Make Your Finances Flourish' Live Workshop!

Get a Free Finances Guide and Check Out Financial Planning Services

Receive Our Free Personal Finance Newsletter

Dr. Preston D. Cherry

What we share here is for educational purposes only, not personal financial advice. Feel free to join in the discussion! See our disclosures for more information: https://www.concurrentfp.com/disclosures/