MONEY MATTERS with Christopher Hensley

With over 1,000 pages of new tax law, decoding what this means for individuals, retirees, and businesses will be a difficult task.

On today’s show we talked with tax attorney and author Rebecca Walser. She gave us valuable commentary into the new tax bill, effective 2018 and her new book Wealth Unbroken. 

Tax attorney and Certified Financial Planner Rebecca Walser will release her book Wealth Unbroken - Growing Wealth Uninterrupted by Market Crashes, Taxes, or Even Death in January 2018. Known from her weekly “Smart Money Mondays” segment on the nationally syndicated “Daytime” television show seen in over 70 markets, she has also been featured in US News & World Report, Bloomberg Business, New York Post, New York Daily News, Yahoo Finance, ABC News, NBC News, CBS News, FOX News, CW, Miami Herald, Boston Globe, LA Daily News, International Business Times, Investing Daily, Street Insider, and numerous other media outlets.

According to Rebecca Walser, tax attorney and financial strategist, conventional wealth building wisdom has been leading Americans astray for 40 years. In Wealth Unbroken, Rebecca explains how and why following the popular beliefs about long-term wealth building are keeping 96 out of 100 Americans from financial success in their retirement.

 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#rebeccawalser

Direct download: 184.mp3
Category:Financial Literacy -- posted at: 9:03am PDT
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Houston Money Week (HMW) is a community wide initiative to empower families and individuals with financial education.  Through the collaboration and coordinated effort of organizations across Houston and surrounding areas – including businesses, financial institutions, schools, libraries, non-profits, government agencies and the media – individuals of all ages will have access to financial resources and ongoing opportunities.

On today’s show we talked with Erika Jones Public Affairs Specialist with the Federal Reserve about Houston Money Week 2018. 

Erika Jones plans and implements community programs and events, produces original writing, and leads bank tours for the Conference Center. She is a Bank on Houston liaison with financial institution contacts to communicate reporting standards. She is also a member of the Houston Money Week Leadership Team, the Prairie View “Communiversity” Advisory Board, and writes and produces the employee newsletter. Additionally, she is a liaison with interns and Public Affairs department for the Intern Program.

 

 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

Direct download: 183.mp3
Category:Financial Literacy -- posted at: 11:32am PDT
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How much can you spend in retirement? Naturally, this is an essential question for those approaching this important life transition. Essentially, if you wish to retire one day, you are increasingly responsible for figuring out how to save during your working years and convert your savings into sustainable income for an ever-lengthening number of retirement years. The nature of risk also changes in retirement, as the lifestyle of retirees become more vulnerable to the impacts of market volatility, unknown longevity, and spending shocks. Retirees have one opportunity to build a successful plan. It is not an easy task, but it is manageable.

On today’s show we talked with Author Dr. Wade Pfau about his new book How to Spend Money Wisely in Retirement. 

Dr. Wade D. Pfau, CFA®, is a Professor of Retirement Income in the PhD in Financial and Retirement Planning program at The American College of Financial Services. He is also a contributor to the The College’s Retirement Income Certified Professional® (RICP®) designation program curriculum.

Dr. Pfau is a co-editor of the Journal of Personal Finance. He has spoken at the national conferences of organizations for financial professionals such as the CFA Institute, FPA, NAPFA, AICPA-PFP, and AFS. He also publishes frequently in a wide variety of academic and practitioner research journals. He hosts the Retirement Researcher blog, and is a monthly columnist for Advisor Perspectives, a RetireMentor for MarketWatch, a contributor to Forbes, and an Expert Panelist for The Wall Street Journal. His research has been discussed in outlets that include print editions of The EconomistThe New York TimesThe Wall Street Journal, and Money Magazine.

 

 

To learn more about Wade visit:

www.retirementresearcher.com

 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#WadePfau

Direct download: 182.mp3
Category:Retirement -- posted at: 2:11pm PDT
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Money has the power to destroy, but it can also be an incredibly effective tool for social change. Impact investing – the support of social and environmental projects with a financial return – has become a hot topic on the global stage; poised to eclipse traditional aid by ten times in the next decade. And it has the potential to completely restructure the global economy, making social and environmental responsibility integral to how we move money through society, rather than an afterthought.

In her book REAL IMPACT: The New Economics of Social Change, Morgan Simon argues that impact investing will do a lot of good – if we can get it right. An impact investor with 17 years of experience who has influenced over $150 billion from endowments, families, and foundations – who also manages funds for members of the seventh wealthiest family in America – Simon sees warning signs that impact investment is at a crucial turning point. As investors focus on growth and acceptance, it’s actually in danger of replicating the same mistakes of traditional charity and finance that impact investment was designed to correct. And without the right guiding principles, it has the potential to do more harm than good

On today’s show we talked with Author Morgan Simon about her book Real Impact - The New Economics of Social Change. 

Morgan Simon is a widely recognized leader in impact investment who builds bridges between finance and social justice. Over the past seventeen years, she has influenced over $150 billion from high-net-worth individuals, foundations, and endowments. She supports Pi Investments and the Libra Foundation, and is also co- founder and chair of the nonprofit Transform Finance.

To learn more about Simon visit:

www.morgansimon.com 

 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#MorganSimon1

Direct download: 181.mp3
Category:Corporate Social Responsibility -- posted at: 1:43pm PDT
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From the request of mothers who were completely engaged in SUPERLady LIVE MOVEMENT’S platform and the greater need to mentor & expose girls from inner city communities and those desiring a place where their daughters could be mentored authentically with STEM initiatives and leadership opportunities, SUPERGirls SHINE Foundation concept was launched, January 2015. Hosting monthly SUPERGirls Table Talks, Loretta Williams Gurnell, Managing Partner of SUPERLady LIVE MOVEMENT trained young female college/graduate students as SHINE Reps to conduct interactive conversations where girls, ages 10-17 are mentored and participate in dialog in character building, leadership development along with women leaders in STEM, such as San Jacinto College-South Campus - WOMEN in STEM Leaders Day. 

 

On today’s show we talked with Founding President & Director of Education for SUPERGirls Shine Foundation, Loretta Williams Gurnell. 

 

To learn more about SUPERGirls visit:

http://www.supergirlsshine.com

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#SUPERGirlsSHINE

Direct download: 180.mp3
Category:Financial Literacy -- posted at: 11:28am PDT
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It’s not a revelation to learn that any comedian offstage is a shy weirdo.  What’s utterly revealing and totally fantastic about this film is seeing Gilbert Gottfried's marriage, which is a model of affection and good sense in the face of eccentricity.  Every couple should see this. Every marriage should be more like his.  This is the rare film where a look at a performer’s private life is not what you expect at all, and also weirdly inspiring.  I loved this. Ira Glass

Legendary comedian Gilbert Gottfried has had quite the career. Rocketing to fame in the 1980s, he was thrust into the public consciousness almost immediately thanks to his brash personality, unique worldview, and off-kilter comic timing. Now, foul-mouthed and unapologetic after decades of flying solo in both his work and in his personal life, Gilbert has shockingly reinvented himself…as a family man. 

Director Neil Berkeley’s Gilbert reveals an unexpected side to the iconic comedian. The film peeks behind the larger-than-life persona at a more personal story about growing up in Brooklyn and becoming a husband and father late in life. Gottfried’s singular outlook on life and his ability to bring humor to even the darkest situations has, at times, gotten him into trouble. Still he soldiers on, an expert craftsman at bringing his audience to the edge (and sometimes pushing them over). Gilbert strips the comedic character away to reveal the man behind it. Berkeley allows the audience an intimate — even vulnerable — view of Gottfried out of character.

On today’s show we talked with Director Neil Berkeley about his upcoming documentary Gilbert which will be showing on November 8th in Houston at The Alamo Drafthouse. 

 

Neil Berkeley, Producer/ Director/ Writer

Neil Berkeley is an Emmy-nominated filmmaker and entrepreneur. His first feature film, Beauty Is Embarrassing, premiered at SXSW in 2012 and chronicles the life and times of the inspiring artist Wayne White. The film won several Best Documentary awards and was featured in PBS’ Independent Lens in January of 2013. His second feature, Harmontown, premiered at SXSW in 2014 and follows self-destructive TV writer Dan Harmon on an emotional, cross-country journey of self-discovery.  He is currently in production on his fourth feature documentary, currently titled Death Is a Door. The film is the story of how American rock music became a lifestyle for many young Cubans in the late ’80s. The decisions they made led to rampant police abuse combined with oppression from the government and eventually drove several hundred of them to self-inject with HIV. 

 

Berkeley is also a successful commercial and promo director and has worked with brands such as Mercedes-Benz, Cadillac and Kraft Foods. He is the owner of BRKLY, a design based production company focused on developing marketing campaigns for network and cable television. The company has helped launch some of TV’s most popular shows, including Brother vs. Brother, Scandal, Project Runway, Top Chef and many more. 

 

To learn more about Gilbert and Neil Berkeley visit:

www.gilbertmovie.com 

To learn more about Ismael Fernandez visit:

www.greengateplans.com

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#gilbertmovie

Direct download: 179.mp3
Category:Comedy -- posted at: 1:37pm PDT
Comments[0]

Affording college is a concern for many families.  Crystal Olivarria likes to educate families about the opportunity to pay for college using scholarships.  She raised over $70,000 from grants and scholarship to help pay for her own college education.  Since a college education is a large expense it is important that children spend time exploring career options in depth. How can you coach your children to make smart choices when it comes to the career paths they choose to follow. What is the right age and how do you approach this topic?

On today’s show we talked with Crystal Olivarria, Founder and CEO at CareerConversationalist.com 

 

 

To learn more about Crystal Olivarria visit:

www.careerconversationalist.com 

 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#Crystal70k

Direct download: 178.mp3
Category:College Funding and Financial Aid -- posted at: 1:03pm PDT
Comments[0]

Did you know that through the EB-5 Program you can raise money from foreign investors looking to migrate to the U.S. while creating U.S. jobs? The program, enacted by U.S. Congress in 1990, has brought almost $4 billion of Foreign Direct Investment into the U.S. in 2016 alone, over $18 billion since 2008. Business owners and developers can take advantage of this program by leveraging capital from overseas investors and expand or develop their project without high cost loans or equity partners.

On today’s show we talked with Charles Foster, Chairman at Foster LLP and President and EB-5 Economist at Greengate Consulting Ismael Fernandez. 

 

Charles Foster is Chairman of Foster LLP, one of the largest global immigration law firms. He is also the honorary Consul General of the Kingdom of Thailand. Mr. Foster received his Bachelors Degree from the University of Texas and his Juris Doctorate from the University of Texas School of Law. Mr. Foster serves as the first Chairman of the State Bar of Texas Immigration and Nationality Law Section and a Board member and is past national President of the American Immigration Lawyers Association, Chairman of the American Bar Association Coordinating Committee on Immigration law and Vice Chairman of the Houston Bar Foundation. During the 2000 Presidential Campaign, Mr. Foster has served as an advisor to both Presidents Bush and Obama. He is Chairman of the Asia Society-Texas Center and past President of the Houston Forum and the Houston Club. He is a Director of the Greater Houston Partnership and past Chairman of its Economic Development and World Trade Divisions. He is a Trustee of the Asia Society-New York, member of the Council on Foreign Relations in New York and past Director and officer of the Houston World Affairs Council and the Houston Holocaust Museum. He is a recipient of 4 Royal decorations from His Majesty the King of Thailand; he received the 2000 Distinguished Friends of China Award; the 1996 International Service Award of the Houston Junior Chamber of Commerce; was the 1998 Honoree of the American Immigration Law Foundation for Excellence in the Practice of Immigration Law; and the recipient of the 2007 American Jewish Committee Institute of Human Relations Award. He was designated a ”Texas Super Lawyer” 2003-2009 by Texas Monthly magazine; the “Top Notch Lawyer in Immigration” in the Texas Lawyer“ Go To Lawyers Guide” published in 2002 and subsequently in 2008; as well as Who’s Who In American Law and the #1 Ranked Immigration Lawyer in Texas by Chambers USA 2006, 2007, 2008 and 2009.

Ismael has extensive experience in the areas of international business and US immigration requirements including the EB-5 program for Direct investment and Regional Centers. He has helped hundreds of foreign investors realize their dream of establishing a new business in the US and enjoy the stability and transparency of doing business in such an environment. 

In addition, Dr. Fernandez is a published author on the subject of technology valuation and assessment of flexibility using Real Options. He has developed unique valuation methods for engineering projects in the face of uncertainty and has more than 8 years of experience in aerospace systems design, technology valuation, risk management, technology portfolio optimization, and financial risk in the context of long term contracts for asset management.

To learn more about Charles Foster visit:

www.fosterglobal.com

To learn more about Ismael Fernandez visit:

www.greengateplans.com

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#greengateplans

Direct download: 177.mp3
Category:Houston Economy -- posted at: 2:40pm PDT
Comments[0]

CentSai, an online financial wellness community, and RIKAI Labs, China’s leading chatbot platform announced a partnership aimed at improving financial literacy in China. Under the terms of the partnership, RIKAI Labs will use CentSai’s engaging educational content to enhance its award-winning financial literacy chatbot, called “FinBot.” CentSai’s content is expected to launch in China in the fourth quarter of 2017.

According to a 2015 Standard & Poor’s report, 72 percent of Chinese adults lack basic financial knowledge. To address this, RIKAI Labs developed “FinBot,” a chatbot friend powered by artificial intelligence (AI). FinBot teaches basic financial concepts through friendly conversations with users incorporating multimedia and social elements to increase engagement. This creates a dialogue providing social, actionable and customized financial information to individuals. Users access FinBot through  WeChat, China’s largest messaging app with 963 million users.*

On today’s show we talked with Co-Founder and CEO of CentSai, Arindam Nag. 

Arindam started his career as a sports writer in his teens in Kolkata where he grew up. Once out of college (St Xavier’s College), with a business degree, he joined The Economic Times in India, spending three years as an editor and a reporter.

He joined Reuters news agency in Bombay in 1994 and the next 12 years he moved to New Delhi, London and then New York where he wrote on a variety of business and finance areas. In 2006 he joined the Dow Jones group in London, writing the Heard On the Street column for the Wall Street Journal and Dow Jones Newswires. He subsequently moved to New York as a deputy managing editor, launching new products for investment bankers and consultants. After a brief stint of over year as head of content at consulting firm Greenwich Associates, Arindam started plotting his entrepreneurship track, researching on how finance and economics could be simplified for the common man. Months later, CentSai was born.

Arindam holds an MBA from New York University’s Stern School of Business, post-grad degrees in Applied Economics and Journalism, and is also a Chartered Alternative Investment Analyst.

To learn more about Arindam visit:

www.Centsai.com 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#CentSai

Direct download: 176.mp3
Category:Financial Literacy -- posted at: 2:10pm PDT
Comments[0]

For years the Military Retirement has stayed the same with no changes. In 2018, we will see a massive change to retirement benefits for service members in the armed forces. 

On today’s show we talked with retired brigadier general and current COO of the American Armed Forces Mutual Aid Association (AAFMAA), Michael Meese. Mike discussed important finance tips for military members, spouses and their families. We discussed budgeting, insurance, retirement benefits, mortgages, deployments and relocations. Additionally, we had a deep dive into the upcoming major changes to the military retirement system including why its changing and what service members need to know to prepare themselves

Mike joined AAFMAA as Chief Operating Officer in 2013. He retired from the United States Army as a Brigadier General having concluded his 32 year career as the Professor and Head of the Department of Social Sciences at the U.S. Military Academy. 

At West Point, he taught economics and national security courses and was the Director of the Economics program. He has written numerous articles and two books: the Armed Forces Guide to Personal Financial Planning and American National Security. He has served in a variety of strategic political-military positions including deployments to Afghanistan, Iraq, and Bosnia for a total of 31 months and was the Executive Director of the Secretary of the Army’s Transition Team in 2005 and the co-director of the Department of Defense Panel on Commercialization. He is a graduate of the National War College, U.S. Military Academy, and earned his Ph.D., MPA and an M.A. from Princeton University. 

To learn more about Michael visit:

www.AAFMAA.com

Here is a short piece on the upcoming changes for the military retirement system I did for American Business Television:

http://www.americanbusinesstv.com/2017/07/03/christopher-hensley-on-the-national-defense-authorization-act/ 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#AAFMAA

Direct download: 175.mp3
Category:Retirement -- posted at: 8:42am PDT
Comments[0]