Patrick Donohoe

Paradigm Shifts with Paradigm Life – Episode 156

July 20, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:34:23 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

Today on the Wealth Standard Radio, our host, Patrick Donohoe interviews published author and experienced IT specialist Scotty Studer. Scotty shares his journey from “humming along” as he describes it to taking control of his finances and health through a series of paradigm shifts.

Scotty talks about his health journey, and how an upcoming cruise with his wife to celebrate a fifteen year anniversary made him realize that he had let things go. He describes the difficulties he had finding a plan that worked for him and his eventual success with health and his wieght.

Patrick and Scotty then move on to talk about finances, and how Scotty came to a paradigm shift regarding his finances and was inspired to seek out alternative ways to take control of his financial health. They talk about the solutions he found and his desire to share them with others in his book, Small Changes, Big Results: 26 simple changes to improve your faith, finances, health, and relationships.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Financial Planning for Now and Later – Episode 155

July 13, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:40:04 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

What do jelly beans have to do with your life? Today on our host Patrick Donohoe and guest Jeff Jaramillo sit down to talk about financial planning that actually matches our lifestyles and desires. They discuss the jelly bean video, where the author of the video breaks our life down into jelly beans (each jelly bean is a day) and shows us, on average, how many days we spend working, how many we spend sleeping, on vacation, taking a shower, etc. – and how few of those jelly beans that are really left for anything else.

They talk about the importance of financial planning that allows us to have time for family, for traveling, for actually living life the way that we want to live. The dichotomy most people live is being scared of spending the money they have now for fear of not having enough money in the future. Unfortunately, we don’t even know what our futures will be like or if we’ll even have one. Patrick and Jeff discuss the importance of putting our money in places where we can access and use it to allow you to have the experiences you want now – while still putting it in places where it can grow for the future.

Finally Jeff talks about his experience as a typical financial advisor and how he got pushed out of the industry after finding more effective, alternative financial arrangements. He discusses the freedom of never having to tell clients that their money has been lost. They discuss the flaws with traditional financial planning and the importance of planning for life now as well as later, without relying on the volatility of the stock market.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

What Does Brexit Mean For the World Economy? – Episode 154

July 7, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:40:52 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

Are you wondering what effect Brexit (Britain leaving the European Union) might have on the world economy, and possibly your own personal economy? Today our host Patrick Donohoe, sits down with Spencer Couch, researcher and braniac, to talk about the effects of Brexit on the economy.

First they explore the possible motivations britons may have had in wanting to exit the European Union and the original goals and ideals of the EU – and whether or not those goals have been successful (no). After discussing the history and significance of this change, they talk through the days immediately following Brexit on the financial markets. Where those changes caused directly by Brexit, or by underlying economic flaws brought to light by the panic that Brexit has caused?

Finally, they talk about the volatility that, in this day and age, affects markets all over the world. Decisions made by Japanese, or British, or Brazilian voters can affect our economy and our markets almost instantly, unlike in the past where what happened over the atlantic and pacific didn’t have that much effect on the USA. Spencer and Patrick talk about the importance of protecting your money from this volatility and, in fact, the upside of volatility and change as it causes or world to stretch, change, and grow, faster than ever before.

Tune it to our weekly shows on YouTube and Tunein!  We also love your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

John Oliver’s Problem with Financial Advisors and Wall Street – Episode 153

June 22, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:39:51 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

The financial industry clearly has a retirement problem. Right now, over half of Americans are not saving enough money to retire. In fact, you might even be one of them! On his last show, the comedian John Oliver sat down to try to tackle some of the problems facing the financial industry today. So how did he do?

According to our host Patrick Donohoe and special guests Bryan McCloskey and Gary Pinkerton, not too bad. John started out strong by addressing some dismal statistics about our retirement readiness and financial preparedness, highlighting the need for change. He went over some of the problems wall street has with helping people manage their money today – hidden fees, financial advisors motivated primarily by self-interest to the detriment of their clients, and poor money personal money management.

However, unfortunately, the conclusion he came to was lackluster. He suggesting that legal regulation and a switch from actively managed wall street accounts to index accounts. Unfortunately, the baseline of his suggestion was to switch from one unaccountable, risky place to store your money to another, slightly cheaper, unaccountable place to store your money and to rely on the government to fix the problems in the financial industry from the outside.

Patrick, Gary, and Bryan talk about the great importance of fixing the system from the inside out and the benefits of change that starts on the inside. They also talk about the importance of finding alternatives from Wall Street altogether – safe places to store your money where what benefits you benefits the financial advisors you’re working with. Finally, the discuss the necessity for taking personal responsibility for our own mistakes and for our own money.

You can find the video Patrick discusses on this episode here. Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Investing In Assisted Living – Episode 152

June 15, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:38:04 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

The baby boomer generation is getting older, and right now, so are therir parents. Many baby boomers now are facing the challenge of trying to figure out how to help and care for their parents as they age and become increasingly less able to take care of themselves while living much longer than the previous generation. Many of baby boomers are realizing that their parents need constant attention and monitoring that they are simply unable to provide. Many of people turn to residential assisted living in order to provide their aging parents with support they need.

Fortunately, every problem represents an opportunity. Today we welcome Gene Guarino, CEO of Residential Assisted Living Academy and one of the upcoming speakers for the Cash Flow Wealth Summit! Gene Guarino sits down with Patrick to explain the real estate opportunity that residential assisted living facilities represent.

Gene talks about how his struggles to care for and find an appropriate home for his own parents spurred him to want to provide similar solutions and care for others, who may be struggling to find a high quality assisted living residence for their parents and also balance a checkbook. Gene explains how baby boomers can increase their cash flow with residential assisted living while also providing a home for their parents! Tune in to find out more about his incredible solutions, real estate expertise, and business genius.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

About the host

Patrick Donohoe

Patrick Donohoe

CEO Paradigm Life

Patrick is the President and CEO and started Paradigm Life in 2007 after learning from his mentor Kim Butler about financial strategies outside of Wall Street.

With a background in economics and marketing, Patrick immediately realized the opportunity to teach investors, business owners, professionals and families on a large scale using modern digital media and communication technology. Since 2007 Paradigm Life has worked with thousands of individuals in all 50 states.