Life Money Balance® Podcast

Oct 31 2024 49 ep. 30 mins 4
Life Money Balance® Podcast artwork

The Life Money Balance® podcast helps you “let your life lead your money, not your money lead your life” and engage with your journey to create your life's design. The podcast uses compelling conversations that combine money psychology with personal finance topics to improve your well-being and achieve your life aspirations. 

Your host Dr. Preston D. Cherry (“Dr. Cherry”), interviews guests and performs solo shows to provide an emotion-safe space where real people engage in real talk and share authentic moments. Let’s chop! Learn more by following @drprestoncherry, Certified Financial Planner, Certified Financial Therapist, University Professor, and Founder & President of Concurrent Financial Planning, www.concurrentfp.com.

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Why Retirement Feels Out of Reach for Gen X

Oct 31 2024 29 mins  
In this episode, Dr. Preston Cherry uncover the indispensable tax benefits of 401(k) plans and eliminate common misconceptions surrounding them.This episode brings to light the economic cycles and challenges Gen X has traversed, providing clear, actionable advice on navigating retirement planning amidst these complex realities.Want to learn more? Connect with us below!Pre-Order Dr.

The Secret to Avoiding Money Regrets

Oct 22 2024 26 mins  
In this episode, Dr. Preston Cherry delves into the crucial topic of balancing the present with saving for retirement.This episode tackles common financial regrets like under-saving for retirement, underestimating medical expenses, and the fear of outliving one's resources, all while promoting a harmonious life-money balance.Want to learn more? Connect with us below!Pre-Order Dr. C

Avoid Regret: Maximize Open Enrollment NOW!

Oct 17 2024 28 mins  
Optimizing open enrollment is crucial, yet often overlooked, with over 40% of individuals regretting missed opportunities. It’s important to remember that compensation includes not just salary but also benefits like medical and risk insurance, retirement contributions, and wellness perks. Failing to maximize these can leave financial value on the table.Key areas to focus on inclu

Can You Really Trust Reddit for Financial Advice?

Oct 03 2024 28 mins  
In this episode, Dr. Preston Cherry explores the pros and cons of using Reddit for financial advice. He weighs the sense of community and user-driven insights against the risks of misinformation, emphasizing the value of personalized advice from trusted financial professionals. Want to learn more? Connect with us below! Pre-Order Dr. Cherry's book 'Wealth In The Key of Life' Sign u

The Shocking Truth Continues: Are Gen X Parents Still Ruining their Retirement?!

Sep 22 2024 40 mins  
In this episode, the Cherrys explored the delicate balance between supporting adult children and fostering their financial independence. Charles emphasized the importance of teaching responsibility early, while Carla highlighted the long-term benefits of gradual but firm self-reliance.They discussed setting boundaries to prevent prolonged dependency and shared personal experiences

Are Gen X Parents Ruining Retirement by Supporting Their Adult Children?

Sep 12 2024 25 mins  
Are Gen X Parents Ruining Retirement by Supporting Their Adult Children?In this episode, Dr. Preston Cherry delves into the critical issue of whether Gen X parents are jeopardizing their own retirement by financially supporting their adult children.By providing practical advice and discussing expert data, he equips parents with the tools to make informed decisions and set healthy f

Moving Your 401k After Leaving Your Job

Aug 23 2024 31 mins  
In this episode, Dr. Preston D. Cherry delves into the intricacies of moving your 401k after leaving your job, featuring expert insights from Dr. Philip Gibson, a seasoned wealth advisor and chief compliance officer at Concurrent Financial Planning.Together, they explore both direct and indirect transfers of employer-sponsored plans, providing clarity on the 60-day rule and the pot

Are Luxury Hotels Worth It?

Jul 03 2024 21 mins  
In this episode, Dr. Preston D. Cherry provides a comprehensive exploration into the world of luxury hotels, addressing the perennial question: Are luxury hotels worth it? He delves into the critical alignment between personal finances and the value luxury accommodations bring to one's travel experience. Dr. Cherry offers clear and practical insights into the costs, benefits, and p

What Does It Mean To Be Wealthy?

Jun 27 2024 21 mins  
In this episode, Dr. Preston D. Cherry breaks down the true meaning of wealth, going beyond the numbers. He sheds light on how understanding and managing wealth can improve our quality of life by aligning financial and personal goals. Listen in for practical advice and a realistic view on how to use your financial resources to thrive in all areas of life.Want to learn more? Connect

Boost Your Fulfillment and Finances With Aspirations

Jun 17 2024 31 mins  
Join Dr. Preston D. Cherry and Dr. Renée Baker, as they dive deep into how aligning your life goals with smart financial planning can lead to true fulfillment. This episode is packed with valuable lessons on the importance of building strong relationships, being financially prepared, and keeping a growth mindset. Together, they inspire you to create a life where your dreams and fi