August 18, 2025 • 29 mins
Michael A. Scarpati is a seasoned entrepreneur and the Co-Founder and CEO of RetireUS, a financial wellness platform dedicated to helping individuals achieve financial freedom. With over 15 years of experience in the financial services industry, Michael previously worked as an independent financial professional, designing custom strategies for high-net-worth individuals and corporate executives.
In 2022, Michael co-founded RetireUS to disrupt the traditional financial services model by making fiduciary guidance more accessible and impactful. The platform combines trusted human relationships with innovative technology to deliver faster, more affordable, and more effective financial planning for everyone—not just the wealthy.
Outside of RetireUS, Michael serves as Chairman of the Board at OWE, a nonprofit organization focused on empowering underserved communities through sustainable resources and support. Passionate about collaboration and impact, Michael is driven by a mission to democratize financial advice and build pathways to long-term independence for all.
During the show we discussed:
- Financial consciousness basics
- Meaning of financial freedom
- First steps to financial independence
- Building financial systems
- Aligning goals with investments
- Cash flow planning for freedom
- Common financial mistakes
- Protecting wealth in downturns
- Benefits of structured planning
- Creating a resilient retirement plan
- Evaluating savings habits
- Tools for savings & income management
- Building legacy wealth
- Simple steps to start planning
- Future trends in personal finance
Resources:
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:02):
(Transcribed by TurboScribe.ai. Go Unlimited to remove this message.) Welcome to the Business Credit and Financing Show.
Each week, we talk about the growth strategies
that matter most to entrepreneurs.
Listen in as we discuss the secrets to
getting credit and money to start and grow
your business.
And enjoy as we talk with seasoned business
owners, coaches, and industry leaders on a variety
(00:22):
of topics from advertising and marketing to the
nuts and bolts of running a highly successful
business.
And now, to introduce the host of our
show, financial expert and award-winning author, Ty
Crandall.
Hello, and thanks for joining us today.
I'm super excited you could be here because
today we're talking about financial freedom.
We're really talking about some of the things
you should be working on right now to
(00:43):
truly accomplish that.
And basically, how to align your money with
your goals and where you're going.
Look, a lot of instability right now.
A lot of uncertainty.
A lot of things are happening right now
with the change at the top, the change
of the president.
And we see so many different things and
so many concerns.
And I think now's a good time to
jump into a lot of that and make
sure that you are aligned with where you're
(01:04):
trying to go to be able to get
to financial freedom.
It's why you started your business to begin
with.
So to have this conversation with us today
is Michael Scarpatti.
Now, Michael is a seasoned entrepreneur and the
co-founder and CEO of RetireUS, a financial
wellness platform that is dedicated to helping individuals
achieve financial freedom.
Now, with over 15 years of experience in
the financial service industry, Michael previously worked as
(01:25):
an independent financial professional designing custom strategies for
high net worth individuals and corporate executives.
Now, in 2022, he co-founded RetireUS to
disrupt the traditional financial services model by making
financial guidance more accessible and impactful as well.
The platform combines trusted human relationships with innovative
technology to deliver fast, more affordable, and more
(01:48):
effective financial planning for everyone, not just the
wealthy.
So outside of RetireUS, Michael serves as a
chairman of the board at O, a nonprofit
organization focused on empowering underserved communities through sustainable
resources and supports.
Passionate about collaboration and impact, Michael is driven
by a mission to democratize financial advice and
(02:08):
build pathways to long-term independence for all.
Michael, what's up, man?
Thanks for joining us today.
What's up, man?
Thanks, Todd.
That was wordful.
Yeah.
That was wordful.
I love it.
It's all accurate, but sometimes I think they
just throw in words to trick me and
see if I can actually get it.
Just tell you the word.
You know, before we get started, we're talking
about financial consciousness, and I thought that was
really interesting with financial consciousness because I've never
(02:29):
heard of that phrase before.
So what is financial consciousness and how are
you tapping into that and using that to
be able to help your clients?
You kind of nailed it right in the
beginning.
That word alignment, I think, is the most
key phrase when we think through financial consciousness.
It's how are we aligned with our money?
People like to talk financial literacy, which is
(02:50):
great.
We need to understand what this terminology means,
the techniques, the tools, the tips, but consciousness
is alignment.
How are we actually integrating those things with
ourselves and our vision for the future and
our core values and how we want to
live in this world and coexist with the
(03:11):
financial comings and goings of our household?
And one of the things we talked about,
and I love that, is financial, and we
talked about financial freedom, right?
And I just think it's such a buzzword
that's thrown around.
So what does financial freedom mean to you
and what is it that you're doing different
in your organization to help clients that aren't
wealthy actually achieve?
Financial freedom, to me, is all about optionality.
(03:36):
It's about choice, right?
It's the ability to act without fear related
to financial decision-making.
So we can live our life freely and
without judgment and fear about what the money,
quote-unquote, needs to do for us, right?
When we have true financial freedom, there are
(03:57):
systems in place that we know we're gonna
be okay, the money has intent, the money
has kind of a mind of its own
in a way, right?
We intentionally built things in a way that
the financials aren't gonna control us.
We can live our life however we see
fit.
And one of the things that I think
is part of that is financial independence.
What are you doing to help people kind
(04:20):
of get there from where they are to
get to a point where they have that
kind of independence?
It all comes down to systems, building systems.
The biggest thing that most investors, most individuals
miss when it comes to their finances is
building true systems.
So I think most people start with products
and they're looking at where can I save
(04:42):
my money?
What's the right savings account or mutual fund?
And the issue with this is the product
is only as good as the system that
kind of operates it.
So think like your operating system for your
finances.
What's your process?
How does your behavior get managed?
And how do you make decisions when it
comes to those investments or the cashflow in
(05:02):
your household?
And so real independence comes from having very
key systems in place.
So understanding exactly what we need from specific
aspects of our savings, but then also having
process.
It all comes down to kind of process
of how do we actually make decisions in
terms of where money should flow, how much
(05:24):
should flow to those areas, how much we
ultimately need, how much risk.
The systems really should be driving everything.
And I think that's kind of where most
people miss the boat.
They dive in and get started with product
before they put a system in place.
So what kind of systems should someone be
building?
The first I think comes down to just
understanding your current situation.
(05:45):
So it's really cashflow is kind of the
first baseline system.
And the first system comes with creating what
we call a cashflow hierarchy.
So it's understanding the goals that you have
and how the cashflow ultimately facilitates the achievement
of those goals with intent.
So I think to give you kind of
a, take a step back, right?
(06:05):
We need to clarify our vision of where
we're headed before we can really make decisions
with the finances.
Most people are stuck.
It's just kind of the nature of life,
especially the entrepreneur.
You're always in the business, right?
And it's kind of this idea of working
on the business, right?
As an entrepreneur, you need to take time
away from being in the day-to-day
to map out where are we headed?
(06:25):
How are we gonna get there?
The personal finance started the exact same way.
Life sucks us into the business, into the
life of our day-to-day cashflow management.
And it's rare that people have the space
to take a step back and work on
their personal finances, right?
Where are we headed?
Where are we going?
What do we ultimately need?
And then kind of reverse engineering it back
(06:47):
to the day-to-day.
So that's kind of the first step is
clearly understanding when we think systems, it's what's
your process?
What's your system for defining where you are
headed financially?
And then what's your process for actually quantifying
that, calculating those numbers, right?
What we're gonna need for retirement, what we're
gonna need for our short-term savings, what
(07:07):
types of risks we're exposed to from the
insurance side of the equation.
And then how does that back end into
our current life, our current situation?
How cashflow should be ultimately managed in and
out of the household.
How does that part, how does the cashflow
planning accelerate somebody's path to getting to financial
freedom?
So I think that the big thing that
(07:28):
most people are not very conscious of is
their traction with their current goals.
So we kind of fall into this habit,
right?
Habits dictate everything for us in life at
the end of the day, but finances especially.
And we fall into this habit early of
saving generally for one key goal, it ends
(07:49):
up being retirement.
And that is extremely important.
However, you find a lot of times that
there's other secondary goals that just don't get
any type of attention.
And when we look to quantify how much
our cashflow is actually moving in the direction
of our goals, you find a lot of
times that retirement is on the path of
being well overfunded for a lot of individuals.
(08:10):
Because we're maxing our 401ks, we're putting every
dollar that we can to those deferral accounts
and creating a cashflow hierarchy, really creating cashflow
clarity, comes understanding, are we at capacity, right?
Or are we actually exceeding the savings allotment
that we should for specific goals?
And then how are we kind of redistributing,
reorganizing it?
So the two key areas that you see
(08:32):
tend to be overfunded from cashflow is our
cash reserves.
That's always number one.
We build up cash, we build up cash,
we build up cash, and hopefully the emergency
never comes.
So we don't need that emergency fund, but
that money's not working hard enough for us
and it's not aligned with what's more than
that six to 12 month timeline.
And then it kind of ping pongs over
(08:53):
to the other side, which is retirement, the
20, 30 plus year time horizon, but we're
putting as much as the IRS will allow
us to do it in that bucket without
really understanding how much we will need at
the end of the day.
So it's really prioritizing cashflow in relation to
funding needs, right?
What is the actual needs for these different
buckets of money, if you will?
(09:14):
So how do we figure out this cashflow
hierarchy?
Yeah, so it starts with prioritizing our vision
and our goals.
So it's really all directly related to where
are we headed and what do we need?
So most people are navigating on autopilot without
really knowing where is the end destination that
we're headed.
And by end destination, I mean, exactly, can
(09:35):
you quantify, can you put a number on
20, 30 years from now for retirement?
How much do I need to have saved
up, right?
That all is driven by understanding our lifestyle,
our projected healthcare costs.
Is it gonna be exact?
Absolutely not.
But it's at least a line in the
sand that we can draw that helps give
us clarity to understand, one, how much needs
(09:55):
to be saved, but then two, how does
that money need to grow and earn?
So the first step in building that cashflow
hierarchy is getting all the chips on the
table and then starting to organize them in,
all right, in 10 years, I'm gonna need
X amount of dollars here in this bucket
to achieve this goal.
In 20 years, I'm gonna need X amount
of dollars in this bucket.
(10:16):
And my lifestyle costs $10,000 a month.
So three to six months of cash reserve,
I need 30 to 60,000 minimum in
emergency funds.
And now you can kind of start to
see where the cards are on the table
and you can start to reassess, all right,
how is my day-to-day habits serving
this or not serving this, right?
(10:36):
Taking that step back to unwind it and
then realign everything with where you wanna go.
Yeah, and I think that that makes a
ton of sense because you have to know
your destination of where you're going to have
any chance of actually getting there.
So is that goal?
We talked a lot about goals.
Is the goal is really a matter of
saying, here's what I wanna end up with
(10:56):
in the end.
And then in order to get that number,
we have to get an idea of lifestyle
and stuff.
And that's kind of hard.
Like when you're not retiring for five years,
10 years, 20 years, how do people really
know the kind of lifestyle that they really
wanna have to even be able to figure
out what that number is?
Yeah, I mean, that could be the challenge
for some people is just even knowing where
to start in the process.
(11:17):
This is where working with a financial professional,
I think does add a ton of value
is being the sounding board, helping guide you
to just start to think through and ask
yourself some of the fun questions, which is,
all right, you don't have to work anymore.
Every day is a Saturday.
What are we doing?
We can do whatever we want.
Let's start there and think through it.
If every day was a Saturday, you didn't
(11:38):
have to clock into work.
What do you do for fun?
What do you do for enjoyment?
Flash forward 20, 30 years from now, where
are you?
Are you still in the same place?
Are we traveling a lot?
Is there family that we wanna be closer
to?
Do we wanna spend our time?
You have to kind of just go through
this exercise of clarifying what the vision for
(12:00):
your future truly is.
And it kind of is just another part
of human nature, I think, where we get
so stuck in just trying to figure out
the next day, right?
And we're always kind of in it that
you never kind of take a real step
back and like take a breath and say,
all right, let's think, like, let's just imagine
for a minute, what could my life truly
look like?
And that's at least a good starting point.
(12:21):
Then from there, we can start to put
dollar figures on it.
We have historic inflation rates.
Granted, the past couple of years has been
a little odd, but it's odd because it's
out of the norm of traditional inflation rates.
So you can get an idea of what
things will cost.
So you start with quantifying it in today's
dollars.
If today was retirement, what would those things
look like?
(12:41):
And then we model it out, we project
it out and we see what the cost
would be.
And then that's kind of, sounds like a
lot, but that's kind of only really the
first step is seeing the cost.
Then we need to take other steps to
reverse engineer.
Okay, well, if we need to fund this
entirely from our savings, how much do we
need to have saved up to not run
the risk of running out, funding this lifestyle
(13:03):
for 25, 30 years potentially?
And then from there, we reverse engineer it
again, right?
Based off of where we are today, what
types of rate of return do we need
to get in order to stay on track
to hit that goal?
And what levels of risk is that?
And then that backends into, all right, how
much do we need to start saving?
So it's a process, it's a holistic process
that's gonna really get you the clarity, but
(13:25):
it starts with understanding what you want for
life.
When people come to you, what are some
of the most common mistakes you see?
Is it that they really don't know that
end goal that they're trying to get to?
Number one most common mistake is nobody knows
what retirement's gonna cost.
Nobody knows, it's incredible.
And as a result, 50 million Americans over
the age of 50 are unprepared for retirement.
(13:46):
50 million Americans over the age of 50
are unprepared for retirement.
And it all comes down to that key
data point.
How much do you need to have saved
up?
If you don't know how much you need
to have saved up, how can you possibly
understand?
And now a quick break to hear from
our sponsor.
Hey, it's Ty Crandall with Credit Suite.
Many of our subscribers wanna get the most
money to grow their business at the best
(14:07):
terms.
Whether you're looking for startup capital, low interest
credit lines and loans, or business credit, we
can definitely help you.
So give us a call at 877-600
-2487, or schedule your free consultation at creditsuite
.com forward slash consult to see how much
money you can get approved for today.
How much you need to save, how that
money should be invested, what levels of risk
you should take.
(14:27):
More times than not, the biggest mistake is
people don't know what they don't know in
terms of how much they need to have
saved up.
The second biggest mistake is as a result,
they're taking entirely too much risk, especially those
that are very close to retirement.
They're taking risk because that's what they have
always done.
And they're in the five year to 10
year timeline of retirement where protection is much
(14:50):
more valuable to them than additional growth on
the accounts, right?
They're close, they're there.
10%, 15% in a year actually isn't
going to drastically change their lifestyle, but a
negative 10 or negative 15% could completely
derail their retirement timeline.
And it all goes back to, if we
don't know what we need, how can we
(15:11):
make informed decisions on what the money should
be doing?
How do people protect their wealth, protect their
portfolio against market downturns?
Because my parents see everything they've saved and
worked for, they see a fluctuate 50%
in the markets when things go up and
down.
So like, and that's a scary thing, especially
for them.
They can't control what's happening when they get
(15:33):
to retirement, right?
So when they first got to retirement, the
markets were down and their value things were
half of what it was.
So how do you set yourself up for
that?
Because you could know your goal, know the
number you want to hit and get there
in a portfolio, but then you and I
know, like then you could hit retirement and
that portfolio, the value could bottom out and
you have a fraction of what you think
(15:54):
it is.
How do you protect that?
Well, I love that you asked this because
this is the best kept secret.
This is systems-based planning.
So the first thing that we need to
unravel here is we've been programmed to believe
that that's the case, what you just said,
right?
We are at the mercy of the markets
because it's the way securities operate.
Even if you're in stocks or bond mutual
(16:15):
funds or ETFs, every day the value is
changing.
Now, the truth is that there are a
ton of different types of investment strategies that
exist out there that can completely protect you
from market risk or can shield you from
losses of market downturns.
The reality is, unfortunately, they're not super available
to the investing public and they're kind of
(16:36):
the best kept secret.
So many times, these are kind of gatekept
by the industry because independent fiduciary financial planners
and investment advisors that have what's called an
open architecture.
They're not tied to just the general stocks,
bonds, mutual funds, or specific investment types.
They have a much wider toolbox.
(16:58):
And in that toolbox exists things like structured
products, principle-protected indexing, or buffered indexing, which
is, imagine following the S&P 500, but
you have to hold that money there for
two, three years, potentially, with a big bank.
Generally, these are issued with big banks.
Now, it's gonna work like a CD.
You gotta keep it there for the next
three years, let's say.
(17:19):
But with those terms of illiquidity for three
years, they're gonna give you terms on the
investment, which is, you can follow the S
&P 500, you can follow the Dow maybe,
or the NASDAQ, the major stock index, and
we will give you a promise that even
if the stock market crashes over the next
three years, we'll give you back your principle.
The principle is protected from the market.
(17:41):
Now, with that promise, they're not gonna give
you all the upside, but they'll cap your
growth.
So in a three-year Dow note, let's
call it, principle-protected, full bottom is protected,
but on the upside, maybe you're capped at
25%, call it.
And again, these are just example terms that
I'm throwing out there for you.
But you see a lot of these.
So when people are getting closer to retirement,
(18:04):
there's actually ways that they can shift their
money into different buckets, right?
And this is where we talk about building
systems.
You know, a system for retirement has a
very clear understanding of how much you need
to have to support your lifestyle.
And if we can work towards that goal,
or if we're already very close to that
goal, and we can eliminate as much market
risk as physically possible, that's how we're starting
(18:27):
to implement a true system for our money.
So principle-protected notes or indexing is one
example.
A buffered strategy, have you ever heard about
a buffered?
Buffered note, buffered strategy?
Yeah, those are the other really popular ones.
Buffered is just, instead of that full principle
protection, it'll protect a percentage.
Maybe it's 15 or 20% of the
(18:48):
downside.
So again, you can follow a stock index,
and if it goes down, let's say it
goes down 50% in the next three
years, but we have that 20% buffer,
well, our account would only lose 30, right?
It wouldn't lose the full 50.
So there's different tools and safeguards that you
can put in place.
The issue, generally speaking, is access.
(19:10):
Most people don't hit specific asset minimums to
gain access to those types of advanced strategies,
or it's just unconsciously incompetent, right?
We just don't know what we don't know.
And that's one of the big components of
the RetireUS platform.
We're connecting everybody with independent fiduciary planners and
advisors with no asset minimums so that you
(19:31):
can not only work with the best, you
can access the best when it comes to
advanced strategies and investment options.
So a couple things you just said.
I've recently realized that I think that fiduciary
part is a rare thing.
Not a lot of professionals have that.
So what does that mean?
And talk to me a little bit more
about that because I've come to realize that
most in that industry do not have that
(19:53):
designation.
Yeah, it's a really good, it's a good
point.
And that's exactly why we built the platform
for RetireUS is it's only about 10 to
15% of financial professionals are fiduciary.
So 85 to 90% of the professionals
that are giving investment advice to the public
do not have to do so that's in
the best interest of the client.
(20:14):
That's a scary thought and it's a scary
reality.
It just is the way that it is.
And it's not because the professionals are bad.
It's because of the nature of the industry.
Most of the industry is dominated by large
institutions.
Those large institutions have a proprietary product set
or a platform that they want to, that's
(20:34):
their business is to get assets into that
platform and that proprietary product set.
The vast majority of financial professionals work for
those institutions.
So it's just the nature of how the
industry's built.
Independent fiduciary is the track where you can
really open up the box and make sure
that you're working with someone that has your
best interest in mind.
The problem is that there's only two lanes
(20:57):
to get independent fiduciary advice.
The first lane is your traditional assets under
management advisor.
And the reality is it takes the same
amount of time for that independent fiduciary to
work with somebody that has $100,000 than
it does with somebody that has a million
dollars.
So they move up market, right?
Most people end up getting priced out in
(21:18):
terms of asset minimums because the fiduciary can
only take on so many households that they
can manage in a year, right?
And really their entire practice.
And so financially they're incentivized to actually work
with people that have higher and higher and
higher asset amounts because it's how they're gonna
get compensated in the process.
So most people just get left behind.
It's just the reality of access.
(21:38):
And then the other lane is flat fee
fiduciary, which is five, $10,000 out of
pocket.
You're writing a check, keeping an independent fiduciary
on retainer like an attorney.
And again, most people just don't have the
free cashflow or the willingness to write that
check every single year for financial guidance and
advice.
And so most of the people end up
(21:59):
kind of going to the traditional channels in
the industry that aren't fiduciary.
And it's just the way that the industry
exists right now.
That's what RetireUS is here to disrupt.
What does RetireUS do?
Are you guys connecting people with the right
professionals?
Yeah, so it's a platform.
We blend technology with human relationships.
So it's not a robo advisor.
(22:20):
It's a platform to work with independent fiduciary
financial planners at a fraction of the industry
standard cost.
So instead of it costing five to $10
,000 a year, our subscriptions start at 60
to $150 a month.
And then there's no asset minimums.
So it doesn't matter if you have $10
,000 or $10 million.
(22:40):
You're going to be able to work with
independent fiduciaries that have open architecture, can vet
the entire marketplace, work with advanced strategies.
And so it's really about making it easy,
or making it simple, making it cost-effective
for people to work with the best.
That's really interesting.
I don't think, I've never heard of a
similar concept before.
So that's really cool.
I mean, it sounds like you're really making
(23:02):
a big impact.
Thank you for saying that.
Yeah, it came just from being in the
industry.
I've been in this industry for 15 years
and I've seen a lot of bad financial
plans.
I came from the independent track where you
have this open architecture, you have this different
badge of fiduciary responsibility, and you come across
a lot of quote-unquote plans that just
(23:23):
are missing key components.
And you can just tell it's the lens
of the professional just doesn't operate in a
specific scope.
And so really what happened after 10 years
of this process is we started to get
really frustrated with how the everyday person is
being fed financial advice.
And just the level of quality that they
(23:43):
have access to right now just really didn't
seem very fair.
And we started to kind of think through,
all right, what could we potentially do to
make this more scalable?
And at the end of the day, what
we've built with the technology of RetireUS is
we've created a system and a process and
a platform that makes fiduciary guidance much more
scalable for the advisor, actually.
(24:05):
And so because it's more scalable for the
advisor, it takes a lot less time for
them.
They can manage many more households at scale.
And that opens up the lane for households
with less investable assets.
We see things like AI making such a
difference right now.
Like I'm interested, what do you see as
the future?
Like what innovations or trends are you seeing
(24:26):
that impact the economy now?
It's gonna be massive.
I mean, I think we can all start
to see that this is gonna change the
world in a profound way.
In the financial services planning industry, I think
it's gonna be a lot like it will
be in the medical profession where it's gonna
be a big augmentor.
It's gonna create the ability for higher quality
(24:47):
of guidance, advice.
In the medical sector, it'll be higher quality
care at scale, right?
I think it's gonna create a ton of
scalability.
It's gonna do the same thing.
It's something that we're working with very intentionally
in terms of how the RetireUS platform is
built to just create ease for the professionals,
(25:07):
right?
So there's a lot of just mundane components
that are gonna be removed in all facets
of the service industry.
And finance is gonna be no different where
it's going to create more impactful time for
the professionals with other humans versus spending that
time behind the scenes kind of working in
(25:28):
the weeds.
For people that are watching this, they're just
kind of overwhelmed with financial planning.
Like what's a simple step that they could
take to move forward?
I think the first step is actually, I'd
say it's a step back.
I think the first step forward is actually
a step backwards.
And it's taking inventory of what do you
want in your life financially?
And taking inventory of those feelings right now
(25:50):
where your stomach kind of might turn a
little bit, where are the areas of stress?
Your current situation, mastering that is the foundation
of everything.
I think most people wanna jump in and
start saving and they never really clarify actually
why, right?
What's the why?
That's where alignment starts with financial consciousness is
why do we wanna go where we wanna
(26:11):
go?
Why do we feel the way that we
feel if we feel uncertain or if we
feel stressed?
Yeah, I've been in this industry for 15
years and what I found is financial planning,
financial household management is not supposed to be
stressful and overwhelming.
If it feels that way, it's because you
are absolutely missing something.
(26:31):
And intuitively you do know it, you understand
that, but you haven't identified what it is.
And taking that step back helps us kind
of understand the now.
And then by understanding the now, we can
make decisions with intent for the future.
I love it.
Michael, everybody watching today, if they wanna take
a next step, they wanna take action, what
should they do?
Where should they go?
(26:51):
So you go to retire.us, we have
a free financial checkpoint that really helps you
get a clear picture of the now.
So it will assess your retirement pacing, your
tax planning, your various risks.
And it pulls out what we call financial
red flags.
These are the blind spots.
These tend to be the things that are
in your way that we are unconsciously incompetent
(27:14):
about.
We don't know what we don't know.
And it's meant to kind of bring those
things to the surface so that we can
start to identify how we may need to
change some behavior or clarify components of our
finances in order to feel better, right?
To feel more aligned.
So it only takes three to four minutes
of time.
Typically it's multiple choice and you can register
(27:35):
for free on retire.us to get access
to the tool.
Cool.
Thanks for joining us today.
Thank you, man.
This is great.
I appreciate your time.
So if you're watching this, make sure you
go to retire.us right now.
What he's talking about with this financial checkpoint,
it only takes four minutes.
And the nice thing about this, actually less
than four minutes.
And the nice thing about this is, is
that it even identifies red flags and problems
that are there that you need to address.
(27:56):
So if you want a next step, we
all need to be doing this.
And as entrepreneurs, we understand it's just a
little bit step forward, right?
It's just forward momentum, not going backwards as
Michael had mentioned.
So the easiest way to do this is
just go to retire.us. Right there, you're
able to see where you can click to
take the financial checkpoint.
It's less than four minutes.
And there you're able to get everything that
(28:16):
Michael just said, including alerts of things that
you need to be aware of.
It's the first step in getting you the
plan that you need to be able to
retire the way you want and have the
financial freedom.
So make sure you check it out right
now at retire.us. Thank you very much
for tuning in.
Take care.
Have a great day.
Thanks, Ty.
See ya.
(28:39):
You've been listening to the Business Credit and
Financing Show with your host, Ty Crandall.
Watch for our next episode to get even
more insight on financing and growing your business.
And don't forget to check us out online
at creditsuite.com for even more business growth
strategies.
(Transcribed by TurboScribe.ai. Go Unlimited to remove this message.) Welcome to the Business Credit and Financing Show.
Each week, we talk about the growth strategies
that matter most to entrepreneurs.
Listen in as we discuss the secrets to
getting credit and money to start and grow
your business.
And enjoy as we talk with seasoned business
owners, coaches, and industry leaders on a variety
(00:22):
of topics from advertising and marketing to the
nuts and bolts of running a highly successful
business.
And now, to introduce the host of our
show, financial expert and award-winning author, Ty
Crandall.
Hello, and thanks for joining us today.
I'm super excited you could be here because
today we're talking about financial freedom.
We're really talking about some of the things
you should be working on right now to
(00:43):
truly accomplish that.
And basically, how to align your money with
your goals and where you're going.
Look, a lot of instability right now.
A lot of uncertainty.
A lot of things are happening right now
with the change at the top, the change
of the president.
And we see so many different things and
so many concerns.
And I think now's a good time to
jump into a lot of that and make
sure that you are aligned with where you're
(01:04):
trying to go to be able to get
to financial freedom.
It's why you started your business to begin
with.
So to have this conversation with us today
is Michael Scarpatti.
Now, Michael is a seasoned entrepreneur and the
co-founder and CEO of RetireUS, a financial
wellness platform that is dedicated to helping individuals
achieve financial freedom.
Now, with over 15 years of experience in
the financial service industry, Michael previously worked as
(01:25):
an independent financial professional designing custom strategies for
high net worth individuals and corporate executives.
Now, in 2022, he co-founded RetireUS to
disrupt the traditional financial services model by making
financial guidance more accessible and impactful as well.
The platform combines trusted human relationships with innovative
technology to deliver fast, more affordable, and more
(01:48):
effective financial planning for everyone, not just the
wealthy.
So outside of RetireUS, Michael serves as a
chairman of the board at O, a nonprofit
organization focused on empowering underserved communities through sustainable
resources and supports.
Passionate about collaboration and impact, Michael is driven
by a mission to democratize financial advice and
(02:08):
build pathways to long-term independence for all.
Michael, what's up, man?
Thanks for joining us today.
What's up, man?
Thanks, Todd.
That was wordful.
Yeah.
That was wordful.
I love it.
It's all accurate, but sometimes I think they
just throw in words to trick me and
see if I can actually get it.
Just tell you the word.
You know, before we get started, we're talking
about financial consciousness, and I thought that was
really interesting with financial consciousness because I've never
(02:29):
heard of that phrase before.
So what is financial consciousness and how are
you tapping into that and using that to
be able to help your clients?
You kind of nailed it right in the
beginning.
That word alignment, I think, is the most
key phrase when we think through financial consciousness.
It's how are we aligned with our money?
People like to talk financial literacy, which is
(02:50):
great.
We need to understand what this terminology means,
the techniques, the tools, the tips, but consciousness
is alignment.
How are we actually integrating those things with
ourselves and our vision for the future and
our core values and how we want to
live in this world and coexist with the
(03:11):
financial comings and goings of our household?
And one of the things we talked about,
and I love that, is financial, and we
talked about financial freedom, right?
And I just think it's such a buzzword
that's thrown around.
So what does financial freedom mean to you
and what is it that you're doing different
in your organization to help clients that aren't
wealthy actually achieve?
Financial freedom, to me, is all about optionality.
(03:36):
It's about choice, right?
It's the ability to act without fear related
to financial decision-making.
So we can live our life freely and
without judgment and fear about what the money,
quote-unquote, needs to do for us, right?
When we have true financial freedom, there are
(03:57):
systems in place that we know we're gonna
be okay, the money has intent, the money
has kind of a mind of its own
in a way, right?
We intentionally built things in a way that
the financials aren't gonna control us.
We can live our life however we see
fit.
And one of the things that I think
is part of that is financial independence.
What are you doing to help people kind
(04:20):
of get there from where they are to
get to a point where they have that
kind of independence?
It all comes down to systems, building systems.
The biggest thing that most investors, most individuals
miss when it comes to their finances is
building true systems.
So I think most people start with products
and they're looking at where can I save
(04:42):
my money?
What's the right savings account or mutual fund?
And the issue with this is the product
is only as good as the system that
kind of operates it.
So think like your operating system for your
finances.
What's your process?
How does your behavior get managed?
And how do you make decisions when it
comes to those investments or the cashflow in
(05:02):
your household?
And so real independence comes from having very
key systems in place.
So understanding exactly what we need from specific
aspects of our savings, but then also having
process.
It all comes down to kind of process
of how do we actually make decisions in
terms of where money should flow, how much
(05:24):
should flow to those areas, how much we
ultimately need, how much risk.
The systems really should be driving everything.
And I think that's kind of where most
people miss the boat.
They dive in and get started with product
before they put a system in place.
So what kind of systems should someone be
building?
The first I think comes down to just
understanding your current situation.
(05:45):
So it's really cashflow is kind of the
first baseline system.
And the first system comes with creating what
we call a cashflow hierarchy.
So it's understanding the goals that you have
and how the cashflow ultimately facilitates the achievement
of those goals with intent.
So I think to give you kind of
a, take a step back, right?
(06:05):
We need to clarify our vision of where
we're headed before we can really make decisions
with the finances.
Most people are stuck.
It's just kind of the nature of life,
especially the entrepreneur.
You're always in the business, right?
And it's kind of this idea of working
on the business, right?
As an entrepreneur, you need to take time
away from being in the day-to-day
to map out where are we headed?
(06:25):
How are we gonna get there?
The personal finance started the exact same way.
Life sucks us into the business, into the
life of our day-to-day cashflow management.
And it's rare that people have the space
to take a step back and work on
their personal finances, right?
Where are we headed?
Where are we going?
What do we ultimately need?
And then kind of reverse engineering it back
(06:47):
to the day-to-day.
So that's kind of the first step is
clearly understanding when we think systems, it's what's
your process?
What's your system for defining where you are
headed financially?
And then what's your process for actually quantifying
that, calculating those numbers, right?
What we're gonna need for retirement, what we're
gonna need for our short-term savings, what
(07:07):
types of risks we're exposed to from the
insurance side of the equation.
And then how does that back end into
our current life, our current situation?
How cashflow should be ultimately managed in and
out of the household.
How does that part, how does the cashflow
planning accelerate somebody's path to getting to financial
freedom?
So I think that the big thing that
(07:28):
most people are not very conscious of is
their traction with their current goals.
So we kind of fall into this habit,
right?
Habits dictate everything for us in life at
the end of the day, but finances especially.
And we fall into this habit early of
saving generally for one key goal, it ends
(07:49):
up being retirement.
And that is extremely important.
However, you find a lot of times that
there's other secondary goals that just don't get
any type of attention.
And when we look to quantify how much
our cashflow is actually moving in the direction
of our goals, you find a lot of
times that retirement is on the path of
being well overfunded for a lot of individuals.
(08:10):
Because we're maxing our 401ks, we're putting every
dollar that we can to those deferral accounts
and creating a cashflow hierarchy, really creating cashflow
clarity, comes understanding, are we at capacity, right?
Or are we actually exceeding the savings allotment
that we should for specific goals?
And then how are we kind of redistributing,
reorganizing it?
So the two key areas that you see
(08:32):
tend to be overfunded from cashflow is our
cash reserves.
That's always number one.
We build up cash, we build up cash,
we build up cash, and hopefully the emergency
never comes.
So we don't need that emergency fund, but
that money's not working hard enough for us
and it's not aligned with what's more than
that six to 12 month timeline.
And then it kind of ping pongs over
(08:53):
to the other side, which is retirement, the
20, 30 plus year time horizon, but we're
putting as much as the IRS will allow
us to do it in that bucket without
really understanding how much we will need at
the end of the day.
So it's really prioritizing cashflow in relation to
funding needs, right?
What is the actual needs for these different
buckets of money, if you will?
(09:14):
So how do we figure out this cashflow
hierarchy?
Yeah, so it starts with prioritizing our vision
and our goals.
So it's really all directly related to where
are we headed and what do we need?
So most people are navigating on autopilot without
really knowing where is the end destination that
we're headed.
And by end destination, I mean, exactly, can
(09:35):
you quantify, can you put a number on
20, 30 years from now for retirement?
How much do I need to have saved
up, right?
That all is driven by understanding our lifestyle,
our projected healthcare costs.
Is it gonna be exact?
Absolutely not.
But it's at least a line in the
sand that we can draw that helps give
us clarity to understand, one, how much needs
(09:55):
to be saved, but then two, how does
that money need to grow and earn?
So the first step in building that cashflow
hierarchy is getting all the chips on the
table and then starting to organize them in,
all right, in 10 years, I'm gonna need
X amount of dollars here in this bucket
to achieve this goal.
In 20 years, I'm gonna need X amount
of dollars in this bucket.
(10:16):
And my lifestyle costs $10,000 a month.
So three to six months of cash reserve,
I need 30 to 60,000 minimum in
emergency funds.
And now you can kind of start to
see where the cards are on the table
and you can start to reassess, all right,
how is my day-to-day habits serving
this or not serving this, right?
(10:36):
Taking that step back to unwind it and
then realign everything with where you wanna go.
Yeah, and I think that that makes a
ton of sense because you have to know
your destination of where you're going to have
any chance of actually getting there.
So is that goal?
We talked a lot about goals.
Is the goal is really a matter of
saying, here's what I wanna end up with
(10:56):
in the end.
And then in order to get that number,
we have to get an idea of lifestyle
and stuff.
And that's kind of hard.
Like when you're not retiring for five years,
10 years, 20 years, how do people really
know the kind of lifestyle that they really
wanna have to even be able to figure
out what that number is?
Yeah, I mean, that could be the challenge
for some people is just even knowing where
to start in the process.
(11:17):
This is where working with a financial professional,
I think does add a ton of value
is being the sounding board, helping guide you
to just start to think through and ask
yourself some of the fun questions, which is,
all right, you don't have to work anymore.
Every day is a Saturday.
What are we doing?
We can do whatever we want.
Let's start there and think through it.
If every day was a Saturday, you didn't
(11:38):
have to clock into work.
What do you do for fun?
What do you do for enjoyment?
Flash forward 20, 30 years from now, where
are you?
Are you still in the same place?
Are we traveling a lot?
Is there family that we wanna be closer
to?
Do we wanna spend our time?
You have to kind of just go through
this exercise of clarifying what the vision for
(12:00):
your future truly is.
And it kind of is just another part
of human nature, I think, where we get
so stuck in just trying to figure out
the next day, right?
And we're always kind of in it that
you never kind of take a real step
back and like take a breath and say,
all right, let's think, like, let's just imagine
for a minute, what could my life truly
look like?
And that's at least a good starting point.
(12:21):
Then from there, we can start to put
dollar figures on it.
We have historic inflation rates.
Granted, the past couple of years has been
a little odd, but it's odd because it's
out of the norm of traditional inflation rates.
So you can get an idea of what
things will cost.
So you start with quantifying it in today's
dollars.
If today was retirement, what would those things
look like?
(12:41):
And then we model it out, we project
it out and we see what the cost
would be.
And then that's kind of, sounds like a
lot, but that's kind of only really the
first step is seeing the cost.
Then we need to take other steps to
reverse engineer.
Okay, well, if we need to fund this
entirely from our savings, how much do we
need to have saved up to not run
the risk of running out, funding this lifestyle
(13:03):
for 25, 30 years potentially?
And then from there, we reverse engineer it
again, right?
Based off of where we are today, what
types of rate of return do we need
to get in order to stay on track
to hit that goal?
And what levels of risk is that?
And then that backends into, all right, how
much do we need to start saving?
So it's a process, it's a holistic process
that's gonna really get you the clarity, but
(13:25):
it starts with understanding what you want for
life.
When people come to you, what are some
of the most common mistakes you see?
Is it that they really don't know that
end goal that they're trying to get to?
Number one most common mistake is nobody knows
what retirement's gonna cost.
Nobody knows, it's incredible.
And as a result, 50 million Americans over
the age of 50 are unprepared for retirement.
(13:46):
50 million Americans over the age of 50
are unprepared for retirement.
And it all comes down to that key
data point.
How much do you need to have saved
up?
If you don't know how much you need
to have saved up, how can you possibly
understand?
And now a quick break to hear from
our sponsor.
Hey, it's Ty Crandall with Credit Suite.
Many of our subscribers wanna get the most
money to grow their business at the best
(14:07):
terms.
Whether you're looking for startup capital, low interest
credit lines and loans, or business credit, we
can definitely help you.
So give us a call at 877-600
-2487, or schedule your free consultation at creditsuite
.com forward slash consult to see how much
money you can get approved for today.
How much you need to save, how that
money should be invested, what levels of risk
you should take.
(14:27):
More times than not, the biggest mistake is
people don't know what they don't know in
terms of how much they need to have
saved up.
The second biggest mistake is as a result,
they're taking entirely too much risk, especially those
that are very close to retirement.
They're taking risk because that's what they have
always done.
And they're in the five year to 10
year timeline of retirement where protection is much
(14:50):
more valuable to them than additional growth on
the accounts, right?
They're close, they're there.
10%, 15% in a year actually isn't
going to drastically change their lifestyle, but a
negative 10 or negative 15% could completely
derail their retirement timeline.
And it all goes back to, if we
don't know what we need, how can we
(15:11):
make informed decisions on what the money should
be doing?
How do people protect their wealth, protect their
portfolio against market downturns?
Because my parents see everything they've saved and
worked for, they see a fluctuate 50%
in the markets when things go up and
down.
So like, and that's a scary thing, especially
for them.
They can't control what's happening when they get
(15:33):
to retirement, right?
So when they first got to retirement, the
markets were down and their value things were
half of what it was.
So how do you set yourself up for
that?
Because you could know your goal, know the
number you want to hit and get there
in a portfolio, but then you and I
know, like then you could hit retirement and
that portfolio, the value could bottom out and
you have a fraction of what you think
(15:54):
it is.
How do you protect that?
Well, I love that you asked this because
this is the best kept secret.
This is systems-based planning.
So the first thing that we need to
unravel here is we've been programmed to believe
that that's the case, what you just said,
right?
We are at the mercy of the markets
because it's the way securities operate.
Even if you're in stocks or bond mutual
(16:15):
funds or ETFs, every day the value is
changing.
Now, the truth is that there are a
ton of different types of investment strategies that
exist out there that can completely protect you
from market risk or can shield you from
losses of market downturns.
The reality is, unfortunately, they're not super available
to the investing public and they're kind of
(16:36):
the best kept secret.
So many times, these are kind of gatekept
by the industry because independent fiduciary financial planners
and investment advisors that have what's called an
open architecture.
They're not tied to just the general stocks,
bonds, mutual funds, or specific investment types.
They have a much wider toolbox.
(16:58):
And in that toolbox exists things like structured
products, principle-protected indexing, or buffered indexing, which
is, imagine following the S&P 500, but
you have to hold that money there for
two, three years, potentially, with a big bank.
Generally, these are issued with big banks.
Now, it's gonna work like a CD.
You gotta keep it there for the next
three years, let's say.
(17:19):
But with those terms of illiquidity for three
years, they're gonna give you terms on the
investment, which is, you can follow the S
&P 500, you can follow the Dow maybe,
or the NASDAQ, the major stock index, and
we will give you a promise that even
if the stock market crashes over the next
three years, we'll give you back your principle.
The principle is protected from the market.
(17:41):
Now, with that promise, they're not gonna give
you all the upside, but they'll cap your
growth.
So in a three-year Dow note, let's
call it, principle-protected, full bottom is protected,
but on the upside, maybe you're capped at
25%, call it.
And again, these are just example terms that
I'm throwing out there for you.
But you see a lot of these.
So when people are getting closer to retirement,
(18:04):
there's actually ways that they can shift their
money into different buckets, right?
And this is where we talk about building
systems.
You know, a system for retirement has a
very clear understanding of how much you need
to have to support your lifestyle.
And if we can work towards that goal,
or if we're already very close to that
goal, and we can eliminate as much market
risk as physically possible, that's how we're starting
(18:27):
to implement a true system for our money.
So principle-protected notes or indexing is one
example.
A buffered strategy, have you ever heard about
a buffered?
Buffered note, buffered strategy?
Yeah, those are the other really popular ones.
Buffered is just, instead of that full principle
protection, it'll protect a percentage.
Maybe it's 15 or 20% of the
(18:48):
downside.
So again, you can follow a stock index,
and if it goes down, let's say it
goes down 50% in the next three
years, but we have that 20% buffer,
well, our account would only lose 30, right?
It wouldn't lose the full 50.
So there's different tools and safeguards that you
can put in place.
The issue, generally speaking, is access.
(19:10):
Most people don't hit specific asset minimums to
gain access to those types of advanced strategies,
or it's just unconsciously incompetent, right?
We just don't know what we don't know.
And that's one of the big components of
the RetireUS platform.
We're connecting everybody with independent fiduciary planners and
advisors with no asset minimums so that you
(19:31):
can not only work with the best, you
can access the best when it comes to
advanced strategies and investment options.
So a couple things you just said.
I've recently realized that I think that fiduciary
part is a rare thing.
Not a lot of professionals have that.
So what does that mean?
And talk to me a little bit more
about that because I've come to realize that
most in that industry do not have that
(19:53):
designation.
Yeah, it's a really good, it's a good
point.
And that's exactly why we built the platform
for RetireUS is it's only about 10 to
15% of financial professionals are fiduciary.
So 85 to 90% of the professionals
that are giving investment advice to the public
do not have to do so that's in
the best interest of the client.
(20:14):
That's a scary thought and it's a scary
reality.
It just is the way that it is.
And it's not because the professionals are bad.
It's because of the nature of the industry.
Most of the industry is dominated by large
institutions.
Those large institutions have a proprietary product set
or a platform that they want to, that's
(20:34):
their business is to get assets into that
platform and that proprietary product set.
The vast majority of financial professionals work for
those institutions.
So it's just the nature of how the
industry's built.
Independent fiduciary is the track where you can
really open up the box and make sure
that you're working with someone that has your
best interest in mind.
The problem is that there's only two lanes
(20:57):
to get independent fiduciary advice.
The first lane is your traditional assets under
management advisor.
And the reality is it takes the same
amount of time for that independent fiduciary to
work with somebody that has $100,000 than
it does with somebody that has a million
dollars.
So they move up market, right?
Most people end up getting priced out in
(21:18):
terms of asset minimums because the fiduciary can
only take on so many households that they
can manage in a year, right?
And really their entire practice.
And so financially they're incentivized to actually work
with people that have higher and higher and
higher asset amounts because it's how they're gonna
get compensated in the process.
So most people just get left behind.
It's just the reality of access.
(21:38):
And then the other lane is flat fee
fiduciary, which is five, $10,000 out of
pocket.
You're writing a check, keeping an independent fiduciary
on retainer like an attorney.
And again, most people just don't have the
free cashflow or the willingness to write that
check every single year for financial guidance and
advice.
And so most of the people end up
(21:59):
kind of going to the traditional channels in
the industry that aren't fiduciary.
And it's just the way that the industry
exists right now.
That's what RetireUS is here to disrupt.
What does RetireUS do?
Are you guys connecting people with the right
professionals?
Yeah, so it's a platform.
We blend technology with human relationships.
So it's not a robo advisor.
(22:20):
It's a platform to work with independent fiduciary
financial planners at a fraction of the industry
standard cost.
So instead of it costing five to $10
,000 a year, our subscriptions start at 60
to $150 a month.
And then there's no asset minimums.
So it doesn't matter if you have $10
,000 or $10 million.
(22:40):
You're going to be able to work with
independent fiduciaries that have open architecture, can vet
the entire marketplace, work with advanced strategies.
And so it's really about making it easy,
or making it simple, making it cost-effective
for people to work with the best.
That's really interesting.
I don't think, I've never heard of a
similar concept before.
So that's really cool.
I mean, it sounds like you're really making
(23:02):
a big impact.
Thank you for saying that.
Yeah, it came just from being in the
industry.
I've been in this industry for 15 years
and I've seen a lot of bad financial
plans.
I came from the independent track where you
have this open architecture, you have this different
badge of fiduciary responsibility, and you come across
a lot of quote-unquote plans that just
(23:23):
are missing key components.
And you can just tell it's the lens
of the professional just doesn't operate in a
specific scope.
And so really what happened after 10 years
of this process is we started to get
really frustrated with how the everyday person is
being fed financial advice.
And just the level of quality that they
(23:43):
have access to right now just really didn't
seem very fair.
And we started to kind of think through,
all right, what could we potentially do to
make this more scalable?
And at the end of the day, what
we've built with the technology of RetireUS is
we've created a system and a process and
a platform that makes fiduciary guidance much more
scalable for the advisor, actually.
(24:05):
And so because it's more scalable for the
advisor, it takes a lot less time for
them.
They can manage many more households at scale.
And that opens up the lane for households
with less investable assets.
We see things like AI making such a
difference right now.
Like I'm interested, what do you see as
the future?
Like what innovations or trends are you seeing
(24:26):
that impact the economy now?
It's gonna be massive.
I mean, I think we can all start
to see that this is gonna change the
world in a profound way.
In the financial services planning industry, I think
it's gonna be a lot like it will
be in the medical profession where it's gonna
be a big augmentor.
It's gonna create the ability for higher quality
(24:47):
of guidance, advice.
In the medical sector, it'll be higher quality
care at scale, right?
I think it's gonna create a ton of
scalability.
It's gonna do the same thing.
It's something that we're working with very intentionally
in terms of how the RetireUS platform is
built to just create ease for the professionals,
(25:07):
right?
So there's a lot of just mundane components
that are gonna be removed in all facets
of the service industry.
And finance is gonna be no different where
it's going to create more impactful time for
the professionals with other humans versus spending that
time behind the scenes kind of working in
(25:28):
the weeds.
For people that are watching this, they're just
kind of overwhelmed with financial planning.
Like what's a simple step that they could
take to move forward?
I think the first step is actually, I'd
say it's a step back.
I think the first step forward is actually
a step backwards.
And it's taking inventory of what do you
want in your life financially?
And taking inventory of those feelings right now
(25:50):
where your stomach kind of might turn a
little bit, where are the areas of stress?
Your current situation, mastering that is the foundation
of everything.
I think most people wanna jump in and
start saving and they never really clarify actually
why, right?
What's the why?
That's where alignment starts with financial consciousness is
why do we wanna go where we wanna
(26:11):
go?
Why do we feel the way that we
feel if we feel uncertain or if we
feel stressed?
Yeah, I've been in this industry for 15
years and what I found is financial planning,
financial household management is not supposed to be
stressful and overwhelming.
If it feels that way, it's because you
are absolutely missing something.
(26:31):
And intuitively you do know it, you understand
that, but you haven't identified what it is.
And taking that step back helps us kind
of understand the now.
And then by understanding the now, we can
make decisions with intent for the future.
I love it.
Michael, everybody watching today, if they wanna take
a next step, they wanna take action, what
should they do?
Where should they go?
(26:51):
So you go to retire.us, we have
a free financial checkpoint that really helps you
get a clear picture of the now.
So it will assess your retirement pacing, your
tax planning, your various risks.
And it pulls out what we call financial
red flags.
These are the blind spots.
These tend to be the things that are
in your way that we are unconsciously incompetent
(27:14):
about.
We don't know what we don't know.
And it's meant to kind of bring those
things to the surface so that we can
start to identify how we may need to
change some behavior or clarify components of our
finances in order to feel better, right?
To feel more aligned.
So it only takes three to four minutes
of time.
Typically it's multiple choice and you can register
(27:35):
for free on retire.us to get access
to the tool.
Cool.
Thanks for joining us today.
Thank you, man.
This is great.
I appreciate your time.
So if you're watching this, make sure you
go to retire.us right now.
What he's talking about with this financial checkpoint,
it only takes four minutes.
And the nice thing about this, actually less
than four minutes.
And the nice thing about this is, is
that it even identifies red flags and problems
that are there that you need to address.
(27:56):
So if you want a next step, we
all need to be doing this.
And as entrepreneurs, we understand it's just a
little bit step forward, right?
It's just forward momentum, not going backwards as
Michael had mentioned.
So the easiest way to do this is
just go to retire.us. Right there, you're
able to see where you can click to
take the financial checkpoint.
It's less than four minutes.
And there you're able to get everything that
(28:16):
Michael just said, including alerts of things that
you need to be aware of.
It's the first step in getting you the
plan that you need to be able to
retire the way you want and have the
financial freedom.
So make sure you check it out right
now at retire.us. Thank you very much
for tuning in.
Take care.
Have a great day.
Thanks, Ty.
See ya.
(28:39):
You've been listening to the Business Credit and
Financing Show with your host, Ty Crandall.
Watch for our next episode to get even
more insight on financing and growing your business.
And don't forget to check us out online
at creditsuite.com for even more business growth
strategies.
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.