Become an Investor with Dr. Preston Cherry
Technology has made investing available to anyone with a smartphone and along with it, the opportunities for good and bad outcomes. Dr. Preston Cherry shares his perspective on what it means as well as the important variables to keep in mind on your path to becoming a successful investor!
About the Episode
LifeBlood: We talked about how to become an investor, Preston’s career path, his passion for the financial industry, how he was taught money concepts by his parents, how he’s done many roles in the financial industry and how that prepared him for his current role.
We talked about his experience starting a Financial Planning program at a University, the interest level of students in the field, and how young people are feeling about the financial world in general.
We discussed the impact of financial technology companies on the world of investing, and how that plays into someone’s overall financial plan. We talked about the importance of trust, the need for investors to have a good understanding of risk and return, and how tech is having the effect of commoditizing some aspects of the financial planning process.
We talked about how it’s possible to find success and consistency as a trader, but it takes time, effort and attention with Dr. Preston Cherry, CFP, a Your Life Money Balance Financial Planner, the Founder and President of Concurrent Financial Planning, a Speaker, Professor, Researcher and cool uncle.
Listen to learn how to become grittier and the role it can play in our overall success!
For the Difference Making Tip, scan ahead to 21:11!
You can learn more about Preston at ConcurrentFP.com, Facebook, Twitter and LinkedIn.
Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well.
You can learn more about us at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, Pinterest, YouTube and Facebook or you’d like to be a guest on the show, contact George at Contact@GeorgeGrombacher.com.
George Grombacher
Lifeblood Host
Dr. Preston Cherry
Guest
More Episodes
Financial Wellness: 9 Rules for Life
Financial wellness is a lot like personal finance; it’s in the eye of the beholder. You’re financial desires could be focused on accumulating millions, while mine could be focused on finding security and increasing certainty. One’s idea of being financially well...
Budget Categories: Getting Clear on Wants Versus Needs
There are literally hundreds of potential budget categories you could track. If you’re looking for an exhaustive analysis of those hundred categories, you’re in the wrong place; turn back now. If you’re looking for a breakdown of the most common and...
Know Your Worth: How to Find and Embrace Yours
“Our duty is to encourage everyone in their struggle to live up to their own highest idea, and strive at the same time to make the ideal as near as possible to the truth.” -Swami Vivekananda I want to let you in on a secret. You know how you look at other people...
No Money: How to Break the Cycle of Poverty
It sucks to have no money. Systemic poverty is present all over the world and all over our Country. Close to half the people on Earth live on less than $5 a day. Almost half of Americans are living paycheck to paycheck, which means they’re...
How to Get Out of Debt and Become Financially Secure in 7 Steps
I’m going to show you how to get out of debt and become financially secure in these 7 steps Know your “facts.” When talking about personal finance, your facts are your current financial situation, meaning your cash flow and budget. Know yourself. It’s imperative...
Do I Need Life Insurance, What are the Benefits and How Do I Get It?
Do I need life insurance? Like the answer to many good financial questions, the answer is, it depends. But you probably need it. Do you love someone (or something)? Do you owe someone (or something)? Do you have a family,...
Stop Living Paycheck to Paycheck: How to Master Your Cash Flow
The fact that almost 65% of Americans are living paycheck to paycheck violates one of my first principles of personal finance; spend less than you make. It’s also a perfect example of the behavior gap. Meaning, having an intellectual understanding of something,...
The Teachings of Jesus: Taking Personal Responsibility for Your Life
One of my favorite teachings of Jesus is the parable of the talents. In it, Jesus shares a story meant to illustrate the importance of putting all of your God-given gifts to work, and to take risks. Failure to do so results in negative judgment. This...
Want a Life of Significance? Here’s the Work Ethic You’ll Need and How to Get It
Having a life of significance is available to you. This will walk you through the steps to make it happen. That you’re reading this suggests you desire a life of significance, and I commend you for it. It’s my desire to help you live one. I think everyone is...
Join the show.
Interested in being on the show? Tell me a little bit more about you and what you’d like to talk about!