You’re waiting to see if your tax refund will be good. But have you thought about how to best apply it to your financial future? It’s a good time of year for a perspective shift and Hogan will help your future stay in high definition. Not only that, but your retirement coach has a new challenge and an invitation to a community of future dreamers. Other features in this episode include “Veshona’s Story” (an attendee at a recent Retire Inspired Live event), The Takeaway, and a new Millionaire Moment.
1:49—YOUR TAX REFUND IS NOT A BONUS
Hogan has insight about how the baby steps and your tax refund can go hand in hand. Wherever you are in the baby steps, use the following suggestions.
Baby Step 1—If you haven’t completed your $1,000 emergency fund yet, put your tax refund toward this.
Baby Step 2—No matter what kind of debt you have, apply that refund to the biggest amount right away.
Baby Step 3—If you’re out of debt, take that tax refund and create an emergency fund 3-6 months of your expenses.
Baby Step 4—You’re ready to invest toward your retirement dream! Why not use the refund toward investing? You need to know your Retire Inspired Quotient. Go to chrishogan360.com/riq. Once you know your number, you can get excited about investing.
Baby Step 5—If you’ve made it this far, you could apply the refund toward your children’s college.
Baby Step 6—If you’re on this step, you can apply your tax refund toward paying off that pesky mortgage..
Baby Step 7—At this point, you have freedom to build your wealth and have no constraints. You’re allowed to just have some fun with your tax refund money!
15:34—LISTEN UP VIPS (HOGAN’S HIDDEN SAVINGS CHALLENGE)
Five weeks, 10 tasks to complete. If you want to supercharge your investing and saving, join us for Hogan’s Hidden Savings Challenge. You’ll learn how to stop bad money habits, simplify your life, and save for the future. You’ll also be invited to join Hogan’s Retirement Challenge Facebook group, where you can hear from others who share your money goals. You can register at chrishogan360.com. Look for CHALLENGE on the menu bar. You can also follow Hogan on social media for details.
17:11—STORY SPOTLIGHT: VESHONA
Veshona has a clear plan for her future and she wants to share it with others. She has no problem with sacrifice and can give you the details of her retirement dream. At a recent Retire Inspired Live event, she shared her passion and focus. Listen, learn and apply it to your situation! If you want to see Hogan live, we’re offering $10 off the Smart conferences in April or the Retired Inspired conferences in May. Go to “events” at chrishogan360.com and use the code HOGANPODCAST at checkout.
23:37—HEAR FROM THE PEOPLE
Hogan reads and responds to two emails:
A listener shares her own personal battle cry (Hogan discusses having a battle cry in Episode #7 @29:11).
A 60-year-old retiree wants to know if her investment risk should correlate to her age. She has a net worth of over a million dollars and has $700k in savings.
30:13—THE TAKEAWAY: THE RIPPLE EFFECT
36:03—THE MILLIONAIRE MOMENT
Hogan shares the story of a self-made millionaire, Leslie, whose net worth is over $1.9 million. Leslie’s mentality is forward-thinking! She has little time for trivial things because she’s busy making smart decisions.
38:39 —RALLY CRY WRAP UP
39:28—CALL TO ACTION
If you subscribe to this podcast, you are looking to retire inspired. But what about your parents? If they aren’t on solid financial ground, you may be able to help them. Hogan gives you several guidelines for helping your parents with their money. Other features include “Andy’s Story” (an attendee at a recent Retire Inspired event), The Takeaway, and The Millionaire Moment.
1:43—RANT AND CHALLENGE
“81% of Americans don’t know how much they need to retire.” (cnbc.com/2017/02/15/80-of-americans-dont-know-how-much-they-need-to-retire).
7:41—IF YOU WANT TO HELP MOM AND DAD
Hogan wants you to avoid some mistakes he has seen, so he gives you questions to ask and guidelines to follow:
Can you afford to help them financially?
Is the financial help you are providing for something fun, or is it taking care of your parents’ fundamental needs?
Is the financial help a loan or a gift?
Are your parents also willing to help themselves financially?
Make sure your parents understand the clear path to progress.
If you want to help your parents financially, you and your spouse need to be in agreement 100%.
If you do help your parents financially, point them to additional help and proper resources.
23:22—STORY SPOTLIGHT: ANDY (FROM A RECENT RETIRE INSPIRED EVENT)
Because of the way he lives, Andy is a 22-year-old who is writing his own retirement success story. No one is doing it for him. At a recent Retire Inspired Live event, he told us about his determination. Listen, learn and apply it to your situation!
29:29—HEAR FROM THE PEOPLE
Hogan reads and responds to two emails:
A listener thanks Chris for his “Big Pop” story and shares her own personal battle cry (Big Pop story- Episode #7: @14:02, Battle Cry- Episode #7: @29:11).
A listener shares her R:IQ experience and Hogan responds by talking about leaving a legacy.
34:12—THE TAKEAWAY: TIPS TO INVEST YOUR CAREER
43:12—THE MILLIONAIRE MOMENT
Hogan shares the story of a self-made millionaire, Mike, from the state of Washington, whose net worth is over $1.2 million. Mike’s mentality is inspiring!
45:18 —RALLY CRY WRAP UP
45:53—CALL TO ACTION
You can avoid making rookie mistakes! Chris Hogan shares several ways you can on your road to retirement. He also introduces a new segment called the Millionaire Moment, in which he talks with everyday millionaires about the steps they took to reach this milestone. Also in this episode, you’ll get exclusive backstage access to one of Hogan’s Retire Inspired events as Hogan and a SmartVestor Pro answer questions from the audience. Other features include The Takeaway and the Hear from the People segment.
1:43—YOU DON'T HAVE TO BE A ROOKIE
Hogan discusses common rookie mistakes and how to avoid them:
Thinking too small
Not believing what’s possible
Getting lost and staying lost
Not grabbing low-hanging fruit
Not getting started
Fostering a victim mentality
Having no map
18:31 — LISTEN UP VIPs
For a special event discount, go to chrishogan360.com and choose Retire Inspired Event. Use the code HOGANPODCAST at checkout for $10 off.
Don’t forget our musical anthem gift: A MILLION STRONG (VIP ANTHEM).
Send us your retirement dreams and wins, your halftime speeches, and your retirement poems for Hogan to read. We want to hear from you! Send us an email today: firstname.lastname@example.org
20:08 —EXCLUSIVE BACKSTAGE ACCESS
Listen in on the VIP backstage experience, the Q&A session, at one of the Retired Inspired live events. Hogan and a SmartVestor Pro answer questions on investing and retirement:
Hogan answers a question about paying off a mortgage (@20:32).
A SmartVestor Pro answers a question about finding the right advisor (@22:15).
Hogan answers a question about refinancing a home (@25:53).
29:15 —HEAR FROM THE PEOPLE
Hogan reads and answers two emails:
A listener wants information about investing going forward.
A listener asks a question about the R:IQ tool.
34:25 —THE TAKEAWAY
39:17 —THE MILLIONAIRE MOMENT
This new segment focuses on the mindset and mentality of self-made millionaires. In this episode, Hogan shares a conversation with Paul, from TN, whose net worth tops $1.3 million.
41:46 —RALLY CRY WRAP UP
42:21—CALL TO ACTION
Go to chrishogan360.com to discover your R:IQ. While you’re on the website, click “Dream Team.” There, you can connect with a SmartVestor Pro for investing help and ELPs for insurance, tax services, and real estate assistance.
Email us your retirement dreams or wins, your halftime speeches, and your Retire Inspired Send them to email@example.com. You can also write a review of the Retire Inspired Podcast on iTunes and subscribe to future episodes.