There is a lot of “common knowledge” in life that may or may not be right for you. In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff debunk some financial planning myths that simply don’t hold true for most people any longer. As always, you should take the specifics of your situation into consideration when making any financial decisions.

“Myths” discussed include:

• You can set up a financial plan once and then call it good!
• All debt is bad.
• Renting is a waste of money.
• Social security will go bankrupt (and there will be no remaining benefits) by the time you retire.
• The goal of investing is to get the best returns.
• And so many more!

As we start feeling a little more comfortable talking about money, we can learn a lot from the people and resources around us! But we can also gather information that is incorrect or just isn’t appropriate for your own plan. Take a little time to make decisions (especially big ones) with your personal goals and information in mind and don’t rely on “common knowledge”. Listen to the full episode to learn more!

For more financial planning tips from Corey and Rachelle, you can reach out to them at podcast@thefinitygroup.com. They would love to hear your questions and ideas for upcoming episodes.

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

Some investments are flashier or more exciting than others. But do you really need flashy and exciting to meet your financial goals? In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden and Corey Janoff talk about alternative investment strategies and whether you may need them as part of your investment strategy.

This episode covers some basics of alternative investments including:

• Advantages and disadvantages of these kinds of tools.
  • Advantages include diversification and potentially higher returns.
  • Disadvantages include potential for greater losses, higher costs, lack of liquidity, and less regulation than more traditional investments.
• Different types of alternative investments (hedge funds, structured notes, private equity, etc.)
• How to evaluate whether these may be an appropriate addition to your plan.

As always, whether a particular strategy makes sense for you depends on your financial status, goals, and even personality. Most folks will not need complicated alternative investments to meet their goals, but it can be something to consider for folks who are willing to take on more risks and costs to explore something a little different (and potentially exciting if you are successful).

For more financial planning tips from Corey and Rachelle, you can reach out to them at podcast@thefinitygroup.com. They would love to hear your questions and ideas for upcoming episodes.

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff discuss how our expectations adjust over time. If we continue to want more and more, how will we ever be satisfied with what we already have?

Discussions in this episode include:

• Nostalgia about the “good ol’ days”.
• Comparisons of expected standard of living in the middle of the twentieth century and today.
• How personal expectations change over time. Most folks don’t want to live like college students as working adults!
• The idea that rising expectations leads to more work and money to meet those expectations.
• Ways to potentially curb your expectations so you are less reliant on money and work.

Much of financial planning is behavioral. If you can adjust your behavior, it may be much easier to meet your goals.

For more financial planning tips from Corey and Rachelle, you can reach out to them at podcast@thefinitygroup.com. They would love to hear your questions and ideas for upcoming episodes.

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.