Tag Archives: Mike Whitmore

99. The Mindset of Boring Investing With Mike Whitmore



In the current economic situation, excitement can build with the thought of the availability of investing opportunities.  However, some opportunities could lead to great risk.  Talking about boring investing could really be a valuable conversation.

In this episode, Mike talks about the exciting part of boring investing. When it comes to cryptos and stocks, it can be exciting to invest in riskier stocks in hopes to get rich quick but it is never that simple. Having individual stocks could be a great way to get rich, but it is a lousy way to stay rich.

Mike Whitmore discusses:

  • Why diversification is so important
  • What he thinks about cryptos
  • Why you should stop gambling with your future
  • The benefits of having a retirement plan
  • And more

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About Mike Whitmore

Mike is an experienced Financial Planner with a demonstrated history of working in the financial services industry. Skilled in Search Engine Optimization (SEO), Sales, Conference Speaking, IT Strategy, and Management, Mike has a strong finance professional with a BS focused in Marketing from Brigham Young University.

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94. How to Have Money-Related Conversations with Your Children With Mike Whitmore



To all parents out there, do you talk about money with your children?

If so, what’s your approach?

In this week’s episode, The Retirement Solution’s Mike Whitmore quickly breaks down how to start, introduce, and maintain financial and money-related conversations with kids depending on their stage as pre-teenagers, teenagers, and adult children. 

Mike discusses:

  • Teaching your pre-teen children how to handle money, and what are the benefits of setting up UGMA accounts for them
  • Why have tax, “paying yourself first,” debt, and credit history-related conversations with your teenage children as they receive their first paycheck and are ready to go to college 
  • The importance of emergency funds, saving for retirement, and power of attorney documents for adult children 
  • The difference between consumer and educational debt 
  • What is “bank on yourself,” and what’s its role within the mortgage and life insurance arena 
  • AARP considerations for adult children 
  • And more!

Resources:

Connect with Mike Whitmore:

Connect with The Retirement Solution:

About Mike Whitmore:

Mike graduated from Brigham Young University with a BS in Business Management and Marketing and a minor in Dutch Literature. He is a Financial Planner with The Retirement Solution, serves as the President of the Advisory Board for Velvet Media, and is a former co-founder of Fresh Consulting.

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