facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

A New Financial Conversation

The Dollar Derail

Guide Financial Planning's Ben Wacek joins Zach Ashburn of Reach Strategic Wealth on Christian financial podcast The Dollar Derail for some quick conversations to change your financial train of thought.

The Dollar Derail is intended for general information and entertainment purposes only and should not be considered investment, tax, or legal advice or as a recommendation for the purchase or sale of any security.


Episode 2.28: The Importance of Five-Year Goals

How can we set better goals that are actually tied to where we want to be in the future? In this episode, Ben and Zach discuss how different types of goals may be put to work for you in your planning. You’ll hear about the difference between dreams, goals and vision, why 5-year goals may be the crucial time frame that gets overlooked, and a few exercises to help you get to yours.

Read More

Episode 2.27: Year-End Tax Planning Moves

There's still time left in the year to make a few smart tax moves. In this episode, Ben and Zach run through their easiest tips to reduce your tax bill and optimize your goals. Remember, tax planning happens throughout the year, not just on April 15.

Read More

Episode 2.26: Buying Experiences vs. Buying Things

What does it mean for a purchase to be "worth it?" We have all experienced the tension that comes from a desire to buy something without being sure of its value or the regret of a purchase that didn't turn out well. In this episode, Ben and Zach reflect on their experiences in finance to think through what it means to put your money into things or experiences that you will value today and in the long run.

Read More

Episode 2.25: Second Level Thinking With Your Money

The goal of The Dollar Derail is to offer better questions about dealing with money. In this episode, Ben and Zach take a closer look at what it really means to look past the first question, the most urgent questions, and the immediate decisions and why it's so important to look for the second level impact of your financial choices. Asking better questions means setting yourself up for success by understanding the subsequent effects of your financial decisions.

Read More

Episode 2.24: Is Retirement Biblical?

As people of faith, as stewards, and as professional advisors, we think it's important to seriously consider how our money relates to what we believe. In this episode, Ben and Zach talk about the modern idea of retirement in light of what the Bible says. We work through questions about accumulating wealth, giving generously, and what living well in retirement may mean for you.

Read More

Episode 2.23: Making the Most of Open Enrollment

Open Enrollment can feel like a high pressure time to try to understand your company's benefits and figure out how to make the most of them. In this episode, Ben and Zach talk through the common benefits they review during open enrollment and a few ways to make the most of your health, life, and disability benefits through work.

Read More

Episode 2.22: When to Hire vs. DIY

Do you ever put off getting projects or repairs done because you think you should be doing it yourself? Are you strapped for time with the family but also have a long list of chores to do (or wish were done)? Today we're talking through how we, as professional financial advisors, view assigning value to your time and a few ways to help make decisions you can feel good about when it comes to paying for work or doing it yourself.

Read More

Episode 2.21: How to Optimize Credit Card Rewards

As we've discussed in previous episodes, we think there is a strong case for doing your regular spending on a credit card. However, between points, cash back, and introductory offers, shopping for a credit card can feel as overwhelming as managing your budget itself. In this episode, Ben and Zach discuss how to make the most of your credit card's benefits and, possibly more importantly, when to stop caring and go about your business as usual.

Read More

Episode 2.20: How Should I Give Money to Charity?

Most of the people that Ben and Zach work with are generous, so they talk a lot about giving. However, the decision to give money away isn't the same as the decision of HOW to give money away. In this episode, Ben and Zach unpack this complex topic to explore ways you may be able to optimize you charitable giving for both your family and the causes you want to support.

Read More

Episode 2.19: Should I Invest in Gold?

How you build your portfolio reflects your goals and your beliefs. The decision to invest in precious metals may stem from an opinion on portfolio design, a perspective on future events, or some combination of the two. In this episode, Ben and Zach discuss the reasons that drive including gold in a portfolio and why it may or may not make sense for you.

Read More

Episode 2.18: Should I Use a Roth or Traditional IRA?

If you're hung up on how to begin saving for retirement, remember, the key is to get started! On the other hand, once you've committed to saving for the long term, choosing between a Roth and traditional IRA can be surprisingly nuanced. In this episode, Ben and Zach break down the differences in a straightforward way so that you can make better choices for yourself and your family on your path to building wealth.

Read More

Episode 2.17: Do I Need a Retirement Plan?

The phrase "retirement plan" isn't all that helpful in describing how we should think about our money and what we should do with it to prepare for work becoming optional. In this episode, Ben and Zach talk through a better starting point for thinking through retirement planning and the importance of having ambition for your retirement years. Listen in to learn why having a Spending Plan may be crucial to your retirement success.

Read More

Episode 2.16: Mastering Your Budget

Mastering your budget is a truly foundational step on your path to financial success. Does that mean that you have to cut spending and put off doing things you're excited about? We don't think so. In this episode, Ben and Zach break down exactly why budgeting is important and what strategies can help you take control while staying excited about your money.

Read More

Episode 2.15: How Should I Pay for House Projects?

Your home is likely to be the most expensive thing you own. How should you go about enjoying it and taking care of it? In today's episode, Ben and Zach talk through the conversations they have with clients about paying for house projects, both big and small. You will hear about how to balance the financial questions with your vision for your dream house and come away with some tips for weighing the options around both.

Read More

Episode 2.14: The Early Retirement Movement

Whether you call it F.I.R.E. (Financial Independence/Retire Early), early retirement, work optional, or just a hope and dream, there is a lot of focus on how and when people can get out of their jobs. In this episode, Ben and Zach have a candid conversation on their thoughts, as financial professionals, around retiring early. Listen in as they breakdown the exciting parts of planning and goal setting and the big pitfalls that could derail your F.I.R.E. goals.

Read More

Episode 2.13: Where Should I Save My Down Payment (and other cash)?

In today's low interest rate environment, it can feel like a mistake to have money sitting in savings. Savers who have great goals and targets may be worried they are sabotaging their long-term success by not making the right money moves. In this episode, Ben and Zach talk through the best ideas on where to keep money you are saving for near-term goals and how to overcome some of the emotional hurdles that stop us from making good decisions with our money.

Read More