The Financial Freedom Show with Chase Lawson

Life is all about sacrifices. We're constantly making trade-offs around how to spend our time, money and more. In order to achieve financial freedom, you're going to have to make sacrifices along the way. In this episode, Chase dives into some of the sacrifices needed to be made in one's financial journey to reach financial independence and shares some sobering statistics as to how few people think about these things until it's too late. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Impostor Syndrome (IS) is something an overwhelming majority of people will experience at least once in their lifetime. It can affect anyone no matter their social status, work background, skill level, or degree of expertise. In this episode, I discuss:

• What is IS
• Signs and Causes of IS
• How IS can impact you financially
• Ways to overcome IS

To take the Clance IP Scale, go to: https://paulineroseclance.com/pdf/IPTestandscoring.pdf

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

In American society, being busy is perceived as high status. Saying "I'm busy" is a socially acceptable way of saying "I'm important". But are we actually busy? Or do we just think we're busy? What are the downsides to being "too busy"? What do the statistics have to say about busyness? And why do we default to claiming to be busy to get out of obligations? In this episode, I cover all of those questions and more. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Series I bonds are largely unknown and unheard of, yet are one of the safest investments one can make with returns that are adjusted semiannually to factor in changes to inflation. These are backed by the full faith and credit of the US government, making them essentially risk-free. Series I bonds offer a safe haven for some of your dollars and can allow you to maintain your purchasing power, if not increase it, as Series I bonds are likely to offer returns that far exceed that of any savings or checking accounts. Currently, new Series I bonds pay a composite rate of 3.54%. In this episode, I dive into what Series I bonds are, the benefits they offer, and why they could be an effective place to put some of your money. Enjoy!

To purchase electronic Series I bonds, create an account and apply directly at: https://www.treasurydirect.gov/RS/UN-AccountCreate.do

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Credit cards can be a very powerful tool in helping you achieve financial freedom. While some financial experts, most notably Dave Ramsey, strongly advocate against any forms of debt, credit cards included, credit cards offer some great benefits. As long as you are responsible and know how to use credit cards, their benefits can far outweigh any perceived costs. In this episode, I dive into the different types of credit cards, the benefits of credit cards, and which credit cards I have and use. 

To apply for the American Express Blue Cash Preferred Card and get the referral benefits I mentioned ($150 extra cash back after spending $3k, 20% back on purchases made on Amazon.com), sign up at this link: http://refer.amex.us/CHRISL57RW?xl=cp19

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On today's episode, I'm joined by Pam Prine, co-founder of Keystone Capital Management Group, an investment and retirement planning firm. Her company manages hundreds of millions of dollars for their clients. In this episode, we discuss how to manage money, including how to identify an investment strategy that is connected to your financial plan and goals, as well as your unique personality. We also chat about how to plan for early retirement when running a small business. Finally, we touch on the proposed American Families Plan. Enjoy!

To get in touch with Pam and Keystone Capital Management Group:

-Check out their website at www.keystonegroupaz.com

-Call them at 623 299 9710

-Facebook: https://www.facebook.com/KeystoneCapitalManagementGroupLLC

-LinkedIn: https://www.linkedin.com/company/keystone-capital-management-group/ 

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

The term "volatility" gets thrown around a lot in finance. What exactly is volatility? And why is it important? In this episode, I dive into that topic and answer those questions. Additionally, I discuss what the beta coefficient is, as well as the VIX, and how you can use both of those to determine when, where and how to invest. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

It's easy to look at your favorite celebrities and be envious of their talent and success. Wouldn't it be amazing to be able to be an athlete playing in front of millions and getting paid millions a year to do so? However, what you don't see is the work it took to get to where they are today. It's been shown that it takes about 10,000 hours of intensive practice to achieve mastery of a skill. This is precisely why one of the biggest keys to success in whatever you're trying to succeed at is consistency. In this episode, I dive into the importance of consistency, why it matters so much, and how to be consistent in your own life. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Over the past year, the Consumer Price Index (CPI) in America has increased by 4.2%, sparking fears of inflation. In this episode, I discuss what is inflation, how it's measured, the impact it has on individuals and whether inflation can be a good thing. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

In 1995, Oasis released their hit song "Don't Look Back in Anger". In it, they talk about a girl named Sally who watches her life pass by and has no regrets. This is an important lesson for everyone to abide by. We all make countless decisions every day of our lives. Sometimes, they're great decisions. Other times, they end up being bad ones. In this episode, I discuss why it's important to change your mindset and avoid having regrets and the impact that can have on one's life. Your mindset will determine the level of your success; change your mindset, change your life. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

DISCLAIMER: I hereby declare that I do not own the rights to this music/song. All rights belong to the owner. No Copyright Infringement Intended.

On Wednesday, April 28, 2021, President Biden unveiled his $1.8 trillion American Families Plan. This plan has a goal of fully funding expanded education, childcare, paid leave, and other items. In order to pay for this plan, Biden has proposed additional taxes for the top 1% of earners in America. In this episode, I break down all of the details of the plan, as well as discuss whether or not it will work as intended. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On today's episode of the show, I'm joined by Brendan Lee Young, CEO and Co-Founder of Passiv, a portfolio management tool designed to help self-directed investors manage and grow their wealth. In this episode, we discuss a wide range of topics including:

• Who is Passiv and how they’re helping DIY investors succeed
• The founding of Passiv
• What DIY investors need to do to succeed
• The future of wealth management, ETFs and index funds
• The craziness around Robinhood and GameStop

For 50% off Passiv Elite for 2 years, go to www.passiv.com/freedom50

To connect with Brendan and Passiv on social media, you can find them on Twitter and Facebook at: @BrendanLeeYoung, @PassivTeam, www.facebook.com/TeamPassiv

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

In the last few weeks, I invested in bitcoin. Bitcoin, along with other crypto currencies, continues to become more and more mainstream, and its price has continued to explode as a result. My decision to invest in bitcoin may come as a surprise to many, especially if you've been listening to this show for a while now. I've been a skeptic of bitcoin since it started becoming popular in 2017, but decided to go ahead and pull the trigger. In this episode, I outline why I decided to invest, the pros and cons to crypto currencies, important considerations to be aware of, how the crypto markets work, and more, as well as discuss the recent Coinbase IPO and whether or not I believe it's a good investment. Enjoy!

If interested in investing in crypto, like bitcoin, use my Coinbase referral link for $10 in free bitcoin after you invest $100: https://www.coinbase.com/join/lawson_3s8

Pick up a copy of my book here: https://www.amazon.com/dp/1082783188

Any time you change jobs, it's important to take care of important administrative items to ensure you're properly covered and protected during and beyond the transition. One of these important items to understand is that of your 401k or whatever workplace retirement plan you have set up. In this episode, I discuss what happens to the money in your 401k when you leave your job, as well as the three options you have with that money, so that you're prepared whenever this event does arise. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On March 17, 2021, the IRS announced it would officially be extending the tax deadline from April 15 to May 17, giving taxpayers an additional month to file their taxes. Residents of Texas, Oklahoma and Louisiana have until June 15 due to the winter storm disaster declared by FEMA. In this episode, I break down what this means for you and who might benefit from delaying in filing, as well as how to extend your filing deadline even further and the potential implications to be aware of prior to doing so. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

Millions of Americans receive a tax refund year after year. According to data from the IRS, between 70 and 75% of those who file their taxes get a refund, with the typical refund amounting to between $2,500 and $3,000. Contrary to many people's beliefs, this isn't free money. This money was entitled to you all along, you just overpaid your taxes throughout the year. In this episode, I discuss why I'm not a fan of tax refunds and why you should consider adjusting your withholdings to avoid getting one. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

The Pareto Principle was founded by Vilfredo Pareto, an Italian economist, and popularized by Richard Koch's book, The 80/20 Principle. The Pareto Principle essentially says that80% of outcomes can be attributed to 20% of causes. The Pareto Principle is very important to understand and apply in your own life in order to maximize results, regardless of field. In this episode, I discuss how you can apply it to your own personal finances. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

On March 11, President Biden signed the American Rescue Plan Act of 2021 into law. This legislation, amounting to $1.9 trillion, included a number of items, including another round of stimulus checks for millions of Americans. There are some key differences between this stimulus plan and the prior two, so in this epsiode, I break down all the key details you need to know to determine whether you qualify, how much you qualify for, how to maximize future stimulus payments and what to do with your stimulus check. Enjoy!

To check your particular stimulus payment status, refer to the IRS Get My Payment tool at: https://www.irs.gov/coronavirus/get-my-payment 

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

In today's episode, I dive into an important question of just how much home one can purchase. Real estate continues to be an attractive investment, especially with today's low interest rates. However, before you begin looking for a home, you need to know how much you can actually afford. In this episode, I discuss the 28/36 Rule and how you can use it to help determine the size of loan you can take out on a home, as well as strategies to increase the amount of home you can qualify for. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

When evaluating stocks, many newer or inexperienced investors fall into the trap of looking at a stock's price to determine whether or not it's a worthy investment. However, stock price tells you nothing without additional context. In this episode, I dive into why stock price is irrelevant and why market cap is a better metric to focus on when evaluating potential investment opportunities. Enjoy!

Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188