On this episode of CFO at Home, Vince speaks with Andy Parrillo of Parrillo Investors about the importance of investors understanding the fees that financial advisors charge to manage their money, and the true all-in cost of investing in mutual funds and ETFs. Andy shares a bit on the history of these fees, and advocates for investors to have their advisors provide performance reports showing their returns after fees, against the performance of the appropriate benchmark. Andy also discusses how investment portfolios can have too little risk as well as too much, investing behavioral pitfalls, market timing, fear-driven decisions, and staying the course through downturns. For more resources, including Andy·s book Beat the Wealth Management Hustle, visit parrilloinvestors.com

Key Topics:

01:10 Why Fees Matter

02:57 Legacy Fee Model

04:58 Index vs Advisor Value

05:44 Fee Calculator Demo

10:35 Compounding Fee Drag

13:16 Basics of Staying Invested

15:03 Measuring Risk Tolerance

17:44 Behavioral Finance and Fear

19:22 Bear Markets and Staying Course

23:11 Advisor Value and Advantage

24:23 Diversification and Global Shift

27:12 DIY Strategy and Buffett

28:52 Market Timing Myth

30:02 Closing Thoughts on Knowledge

Key Links:

• https://parrilloinvestors.com/

• Beat the Wealth Management Hustle

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here:https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

On this episode of CFO at Home, Vince talks with Financial Accountability Coach and founder of Cimifly Money Cecil Williams, about how he began investing in 2008 as more of a ·gambler,· using options, margin, and day trading, before later shifting (after getting married) to a disciplined, long-term approach that helped his accounts grow significantly. Cecil describes re-learning fundamentals through an investing course, using dollar-cost averaging and auto contributions into a mix of tax-advantaged and regular accounts. He shares lessons on temperament, volatility, and aligning risk with family responsibilities, emphasizing that ·small money invested consistently beats big money invested emotionally.· Cecil also explains his CASH framework (Clarity, Accountability, Structure, Habits). For more on Cecil and access to his free resources, including the Confident Investor Blueprint, go to cimiflymoney.com

02:02 From Gambling to Investing

04:08 Accounts and Automation

07:00 Painful Lessons Learned

09:18 Risk Tolerance at Home

12:29 CASH Framework for Clarity

15:48 Start With the 401k Match

17:33 Small Money Compounds

20:21 Financial Accountability Coach

22:53 Two Core Investing Tips

27:34 Boring Investing and Fun Money

31:30 Resources and Closing Thanks

Key Links:

• https://cimiflymoney.com/resources/

• https://www.facebook.com/cimiflymoney/

• https://www.instagram.com/cimifly_/

• https://www.linkedin.com/in/cecilvwilliams/

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here:

https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500

On this episode of CFO at Home, Vince talks with David Nassief, who went from being fired and nearly broke at 63, to achieving a seven-figure net worth by 69. David explains how decades of procrastination, market timing, and inconsistent 401(k) contributions left him unprepared, then describes how he rebuilt by turning off financial ·noise,· studying extensively, and creating a one-page ·Wealth Compass· with nine trail markers and five North Star principles, to stay focused and avoid shiny-object mistakes. David discusses how he attributes his results to investing a large portion of income monthly, using low-cost index funds, and taking advantage of market volatility to buy more when markets fell. They also discuss the destructive impact of fees, skepticism of market forecasts, the challenge of getting back in the market after timing exits, and David·s key tips: get out of debt, follow the money, and prioritize self-education. Check out David·s free PDF compass and book for details at onepagewealthcompass.com.

Key Topics:

01:30 From Fired to Millionaire

02:22 Decades of Money Mistakes

03:24 No Plan No Future

06:06 Building the Wealth Compass

08:35 Two Funds and Volatility

14:33 Why Market Timing Fails

15:47 Job Loss and Commission Pivot

16:28 Nine Markers and Principles

20:49 Fees Advisors and Termites

25:43 Two Tips Debt and Skepticism

28:49 Education and Staying Disciplined

31:24 Book, Compass, and Final Encouragement

Key Links:

• https://onepagewealthcompass.com/

Contact the Host - vince@thecfoathome.com

Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here:

https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500