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Podcast Episode 130: Consuming Financial Media: A How to Guide

| March 12, 2019
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Episode Summary

In this episode of the Sound Financial Bites Podcast, Paul and Cory break down a recent Kiplinger article to show how financial media should be viewed and consumed. Financial literature, for the most part, is written for the benefit of advertisers and it is imperative that the audience views them with a healthy amount of skepticism and concern. Paul and Cory discuss the importance of understanding opinion from fact, gathering those facts and then questioning what financial impact this information has on us as individuals.

What Was Covered

  • 01:21 – Paul discusses the clientele this show focuses on helping
  • 04:12 – Cory reiterates that the financial information distributed on this show can apply to everybody
  • 04:59 – Paul explains a slight change to the format of this show
  • 07:32 – Paul’s favorite aspect of this episode
  • 08:53 – A new segment, ‘This Week in Planning’
  • 09:43 – Cory talks about a recent Kiplinger article on retirement savings
  • 12:10 – Paul reminds the audience that most of these articles are written for the benefit of advertisers
  • 16:02 – Paul talks about the importance of navigating the financial world by separating opinions from facts
  • 18:46 – Actionable steps to take when reading financial articles
  • 19:42 – Cory points out polling flaws in the Kiplinger financial article
  • 23:17 – Paul interrupts the podcast to provide the audience with a special offer
  • 24:27 – Paul and Cory discuss average income and net worth in the United States
  • 26:22 – Searching for the facts
  • 28:20 – The importance of asking the right questions
  • 32:57 – Paul recaps the lessons learned from this episode
  • 34:44 – Paul urges the audience to stay tuned for Cory’s speech in the outro of this episode
  • 35:17 – Cory’s SPU Young Alumni of the Year speech
  • 39:10 – The strategy of ‘Submit, Detach, Prefer’


"What you have to do is navigate the financial world as you’re navigating a bunch of financial product salespeople."
"The assertion would be the fact. The assessment is the opinion."
"It’s not really about finding the right answer. The real question is, ‘What is the right question to ask?’"
"It’s a strange disconnect because I can flip from the pages of the New York Times and see nothing but divisiveness between our public figures and then flip to LinkedIn and see nothing but motivational quotes."
"Life doesn’t usually go the way we planned. In reality, the world is so complex that any control over our plans we think we have is really an illusion."


Sound Financial Group’s Website for a Financial Inquiry Call - [email protected] (Inquiry in the subject)

Sound Financial Bites Episode #57: Design and Build Your Life In Order – Sufficiency Surplus Superfluence

Sound Financial Groupon Facebook - @SoundFinancialGroup

Sound Financial Group on LinkedIn

Kiplinger Article: Saving for Retirement: How Do You Stack Up?

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