Madison and Mike discuss the shift towards fee-based and fee-only financial advisors and its impact on reducing conflicts of interest and improving clarity for clients. They also explore the potential conflicts of interest related to social security claiming behaviors and the trend of carrying mortgages into retirement. Lastly, they clarify the difference between a fee-based and a fee-only advisor and emphasize the importance of understanding and managing conflicts of interest in financial decision-making. Then Amy Patterson, a realtor at Remax in Newtown discusses her role in the home selling process, recent trends in the real estate market, and the importance of home inspections. She also shares her advice for first-time home buyers, the significance of ongoing education and professional development, and personal stories of client successes. Lastly, Amy discusses her association with the Scholarship Foundation and her plans to reintroduce the Rick and Chris Block Memorial Scholarship.

Link to article mentioned in the beginning of the episode: https://www.wsj.com/personal-finance/retirement/financial-adviser-conflicts-fees-money-bc235dc2

Amy's website: https://amypatterson.remax.com/
Contact Amy: https://amypatterson.remax.com/contact.php
Amy's Instagram: https://www.instagram.com/direct/t/105873184146145/

Madison and Mike discuss the historical and potential risks associated with investing in Bitcoin, comparing it to the decline in value of natural pearls due to technological advancements. They highlight the importance of diversification, risk management, and hedging against Bitcoin's uncertain future. Additionally, they discuss the potential vulnerability of Bitcoin's code and the emergence of new digital currencies, emphasizing that no technology is immune to being replaced or disrupted. Lastly, they stress the importance of maintaining strong skills and financial stability. Later, joins Carrie Reininger from Kitchen Me Now. Carrie and her husband own a kitchen design and build company. She discusses her mission to make beautiful kitchens accessible to everyone. She introduces a new concept, "DIY as a service," which offers consulting hours to help homeowners plan and execute their own kitchen remodels. Carrie also shares her approach to staying updated on industry trends and best practices. She then discusses the common challenges in kitchen and bath remodeling projects, with Carrie emphasizing the importance of clear communication and planning decisions in advance to avoid changes mid-project.

Link to Wall Street Journal article: https://www.wsj.com/finance/currencies/bitcoin-disruption-digital-pearls-95bed498?mod=Searchresults_pos1&page=1

Kitchen Me Now website and socials:
Website: https://www.kitchenmenow.com/
Instagram: https://www.instagram.com/kitchenmenow/
Facebook: https://www.facebook.com/kitchenmenow/?paipv=0&eav=Afa66n3_ca_o4AC-Qr75ngDMhbPpyms9uF77fupsDCM_TGi2OXCR4g80mXk8JmpaBXw&_rdr

Madison and Mike discuss the pros and cons of Dave Ramsey’s financial advice, and how even the better parts of it have been challenged by societal and economic changes. They critiqued Ramsey's advice on debt management, car buying, and credit scores, and discussed the importance of considering individual circumstances and seeking help from financial advisors. They also explored the potential generational shift in attitudes towards debt and financial freedom, and the complexities of financial planning, including safe withdrawal rates and stock market returns. Later, Charles Barrett joins from FZ Works and FZ Creative. They discuss his businesses' services including brand marketing and design. Charles also shares his concept of opening a co-working space in response to the Covid-19 pandemic, the membership and rental options at his co-working space, and the history and evolution of his agency. The conversation also touches on the process of becoming a member at FZ Works Workspace and the concept of branding.

Link to Wall Street Journal article: https://www.wsj.com/personal-finance/dave-ramsey-tells-millions-what-to-do-with-their-money-people-under-40-say-hes-wrong-56733630?mod=Searchresults_pos1&page=1


FZ Works & FZ Creative socials and websites:

FZ Works
FZ Works website: https://www.fzworks.space/
FZ Works Instagram: https://www.instagram.com/fzworks_yardley/
FZ Works Facebook: https://www.facebook.com/fzworksyardley

FZ Creative
FZ Creative website: https://fzcreative.com/
FZ Creative Instagram: https://www.instagram.com/fzcreative/
FZ Creative Facebook: https://www.facebook.com/fzcreativedesign