Monthly Archives: August 2022

FEATURE

10 Steps to Start Taking Control of Your Finances (Ep.15)



It’s hard to know where to start when creating a financial plan. You have so many options, and it’s tough to know which one is right for you. 

You’re not alone in this struggle. 

In this episode, Michael Labos explains how to stop putting off your finances and start thinking about them instead. Michael shares ten small steps that will make you start thinking about financial planning.

Michael discusses:

  • Why effective budgeting is the number one step to financial success
  • How debt can grow each year due to interest rates
  • The cost of multiple unnecessary subscription services
  • How to determine your true risk tolerance for portfolio management and investment planning
  • And more!

Resources:

Connect with Michael Labos:

 


FEATURE

The GoFundMe Dilemma (Ep.14)



When scrolling through Facebook, you may have seen posts for GoFundMe’s asking for money to cover anything from charities to surgeries. Overreliance on these types of financing has created what can be called ‘The GoFundMe Dilemma’.

In this episode, Michael Labos dives into the unfortunate connection between GoFundMe fundraising and financial planning, the downsides to using GoFundMe as an emergency fund and three types of insurance benefits for avoiding stressful financial situations.

Michael discusses:

  • The role of GoFundMe in society
  • The importance of starting a conversation about money
  • Why financial agents are beneficial to creating a financial plan 
  • How guardianship provides protection to children
  • And more!

Resources:

Connect with Michael Labos: