Monthly Archives: July 2021

Feature 2021

16. Financial Therapy vs Financial Planning with guest Dr. Preston Cherry

Have you ever wondered why you make the financial decisions you make? Or what has influenced your relationship with money?

In this episode, Malcolm Ethridge is joined by Dr. Preston Cherry, president elect of the Financial Therapy Association and founder of Concurrent Financial planning , as they unpack the key differences between financial therapy and financial planning. The pair talk through ways to better understand your money mindset and how your thoughts and beliefs impact the way you interact with your money.   

In this episode, we discuss:

  • What financial therapy is and how it works  
  • The training required to help financial therapists better understand their clients 
  • How to discover your money mindset  
  • Ways financial therapists help clients move past a negative mindset 
  • How financial stress can impact your professional life  
  • And more!

Tune in to hear the benefits of understanding your money mindset.

Resources: | Malcolm Ethridge | Malcolm’s Blog | Malcolm on Twitter | Dr. Preston Cherry | Concurrent Financial Planning 

Feature 2021

15. Trends in Personal Finance Brought on by the COVID-19 Pandemic with Liz Weston

The COVID-19 Pandemic has had a lot of impacts on how people interact with their money. 

Will these changes stick around forever?

In this episode, Malcolm Ethridge is joined with Liz Weston, personal finance expert and senior writer for NerdWallet, as they talk about some of the major influences the COVID-19 pandemic has had on the personal finance landscape. Malcolm and Liz discuss the ways in which financial behaviors have either been changed or created, and whether they will stick around after the pandemic is over.

Liz discusses: 

  • The enhanced child tax credit, whether it will stick around and how you should plan with it
  • How people’s relationships with life insurance has been impacted by the pandemic
  • Changes in the way people are handling retirement over the last 18 months
  • Money shame and how it has influenced decision making throughout the pandemic
  • And more


Connect With Liz Weston:

Connect With Malcolm Ethridge:

About Our Guest:

Liz is an award-winning personal finance columnist and author of several books about money, including the best-seller “Your Credit Score.” At NerdWallet, Liz helps provide clarity for all of life’s financial decisions. Liz’s weekly syndicated Q&A column, which appears in the Los Angeles Times and other papers, gives straight, clear answers to the money problems Americans face.

Feature 2021

14. Investing in Alternative Assets Through Self-Directed IRAs with Patrick Hagen

What else exists that you could be investing your dollars into, other than traditional investments?

How about a franchise, real-estate or even cryptocurrency?

In this episode, Malcolm Ethridge is joined by Patrick Hagen, national director of business development with Strata Trust. The duo discuss alternative investments through self-directed IRAs along with the advantages of using this investment tool and what it really means to be self-directed. 

Patrick discusses: 

  • What a self-directed IRA is and how it works
  • What you can invest in when you use a self-directed IRA
  • How a self-directed IRA is funded and how long it takes
  • The risks involved with using a self-directed IRA
  • And more

Connect With Patrick Hagen:

Connect With Malcolm Ethridge

About Our Guest:

Patrick serves as the National Director of Business Development for STRATA Trust Company, a self-directed IRA custodian that specializes in holding alternative assets for IRA investors. Clients use Strata Trust to invest their IRA funds into ‘alternative’ assets like private equity, real estate, precious metals and private debt. Patrick has been in the self-directed IRA space for over 16 years. He has been the top producer with each firm that he’s worked for.