Podcast
The Money Pig Podcast
Hosted by www.goodwininvestment.com · EN
The Money/Financial PIG Podcast brought to you by Goodwin Investment Advisory where our Mission is to lead people to Financial Peace, Independence and Generosity.
https://www.goodwininvestment.com
26episodes
Episodes
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Financial Freedom Reimagined- Happy 250th USA
1w ago00:25:22Tap to summarizeIn this special Fourth of July edition of The Money Pig Podcast, hosts Tim Goodwin and Joe Beckford tackle one of the biggest questions in personal finance: what does financial freedom actually mean—and how close are you to achieving it? Instead of vague buzzwords, they break freedom down into practical terms like peace, independence, generosity, and control over your time, revealing why true wealth isn’t just about your net worth—it’s about having the option to choose how you live and work. Their message is simple but powerful: if more money wouldn’t change your lifestyle choices, you may already be richer than you think. The episode also dives into the fascinating evolution of investing in America—from the Buttonwood Agreement of 1792 to modern tools like 401(k)s, IRAs, Roth accounts, and zero-commission trading apps—showing how financial opportunity has expanded dramatically over the last 250 years. Tim and Joe explain how today’s investors have more access, flexibility, and education than ever before, yet many people still miss out simply because they never start. Their takeaway? The barriers to building wealth are lower than ever—if you’re willing to take the first step. Most importantly, the hosts challenge listeners to rethink retirement itself. Instead of being “put out of service,” financial freedom means working because you want to—not because you have to. Whether you’re early in your career or approaching retirement, they emphasize it’s never too late to build a strategy that lets you travel more, serve others, pursue meaningful work, and live life on your terms. If you’ve ever wondered when you can retire, how to invest smarter, or what freedom with money really looks like, this episode delivers eye-opening perspective you won’t want to miss. https://www.goodwininvestment.com/die-with-zero/The Psychology of Money by Morgan HouselFor personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →What's the Point of Money if you Never Enjoy it?
3w ago00:29:14Tap to summarizeIn episode #118, “What’s the Point of Money If You Never Enjoy It?”, Tim and Joe explore a question many diligent savers and high earners eventually face: what is the point of building wealth if you never actually use it to enjoy your life? They explain that many financially successful people struggle to spend because their entire identity has been built around working hard, living below their means, and saving consistently. That formula helped them build wealth, but it can also create a scarcity mindset where spending feels uncomfortable—even when they can clearly afford it. For anyone wrestling with how to enjoy money without guilt or wondering why saving feels easier than spending, this episode hits home.A major theme in the episode is that money should be a tool for both security and enjoyment. Tim Goodwin and Joe Beckford talk about how fear, uncertainty about the future, comparison, and childhood beliefs about money often keep people from using their wealth in meaningful ways. They point out that many people keep pushing joy into the future with thoughts like, “I’ll relax when I retire,” or “just a few more years.” But life is uncertain, and waiting too long can mean missing the healthiest, most active years of retirement.Their message is clear: financial freedom is not just about accumulating money, but about using it wisely to create experiences, peace of mind, and a life you actually enjoy.The conversation also highlights practical signs that you may be saving too much and enjoying life too little. If you never take vacations, always choose the cheapest option even when you do not need to, feel anxious about spending, or let work drain all your energy before your family gets what is left, those may be warning signs. Tim and Joe encourage listeners to think in terms of retirement lifestyle planning, not just retirement account balances. They describe the “go-go, go-slow, and no-go” stages of retirement, explaining that the early years of retirement are often when people have the best combination of time, money, and health. That is why they encourage intentional spending during those years, especially on travel, family memories, and meaningful experiences.https://www.goodwininvestment.com/how-to-run-out-of-money-in-retirement/ https://www.goodwininvestment.com/living-richly/ https://www.goodwininvestment.com/living-luxuriously-3-ways-millionaires-enjoy-their-full-retirement/ Andy Stanley - Choosing to Cheat: Who Wins When Family & Work Collide?
Transcribe →Why Am I So Burned Out Even Though I’m Successful?
Jun 900:23:55Tap to summarizeIn episode #117, “Why Am I So Burned Out Even Though I’m Successful?”, Tim Goodwin and Joe Beckford unpack a question many high achievers quietly ask themselves: why do I feel exhausted when my career, finances, and life look successful on paper? They describe burnout as the result of constantly performing, carrying responsibility, and staying “on” for too long without real rest. For many successful professionals, the very habits that helped them build a great life—discipline, ambition, and persistence—can also create mental fatigue, resentment, and the urge to walk away from it all. This episode speaks directly to anyone dealing with career burnout, success fatigue, or the feeling of being trapped by the life they worked so hard to create.A major theme of the conversation is that success does not protect you from burnout. Tim and Joe explain that high performers often become so used to pushing through stress that they forget rest is part of the process, not a reward after the process. They compare it to training a muscle: without recovery, even strength begins to break down. That is why they emphasize the importance of slowing down through practices like counseling, Sabbath rest, time away, hobbies, exercise, and simply creating space to think. Their point is clear: if you never step back, your body, mind, and emotions will eventually force the issue.The episode also offers practical guidance for people wondering whether they should quit their job or make a major life change. Rather than making a rash decision in the middle of burnout, Tim and Joe encourage listeners to explore other options first. That could mean negotiating part-time work, shifting to contract or 1099 work, taking a sabbatical, pursuing semi-retirement, or building a financial plan that creates more flexibility. They stress that many people have more choices than they realize, especially when they sit down with a financial planner and look closely at retirement readiness, income needs, healthcare options, and long-term tax strategy. For listeners searching for answers around how to deal with burnout, when to quit your job, or how to retire early without panic, this conversation offers a calm and thoughtful framework.Ultimately, the episode is about reclaiming freedom before burnout leads to a breaking point. Tim and Joe encourage successful but exhausted listeners not to wait until they are desperate to “pull the rip cord.” Instead, they recommend paying attention to early signs of stress, building rhythms of rest, and making career decisions thoughtfully rather than impulsively. The message is both compassionate and practical: if you are burned out even though you are successful, you are not broken, and you are not stuck. With the right support, a healthy plan, and permission to slow down, it is possible to protect your health, preserve your wealth, and build a version of success that actually feels sustainable.https://www.goodwininvestment.com/liquidation-events/ https://www.goodwininvestment.com/handling-financial-anxiety-with-nate-mirabella/
Transcribe →The Cost of Always Being the Responsible One
May 2600:23:05Tap to summarizeIn “The Cost of Always Being the Responsible One,” Tim Goodwin and Joe Beckford talk about what it means to be the person everyone depends on. Whether you are the one managing money, planning family events, helping aging parents, or always stepping in during a crisis, being the responsible one in the family can feel both meaningful and exhausting. They describe this person as the “glue” who keeps relationships, logistics, and often finances together, even when no one else seems to notice how much they are carrying.The episode explores the emotional toll that comes with that role, including family stress, resentment, burnout, and decision fatigue. Tim and Joe explain that a lot of this pressure comes from expecting others to think and act the same way you do, when in reality not everyone is wired to take initiative. Their message is encouraging: being dependable is a gift, but it can become heavy when you are constantly carrying the emotional and practical load for everyone around you.A major focus of the conversation is learning to create healthy boundaries with family and friends. Tim and Joe compare it to putting on your own oxygen mask first—if you are always helping others without taking care of yourself, eventually you will run out of energy. They talk about the importance of saying no, protecting your peace, getting rest, and avoiding unhealthy financial patterns. One of their strongest cautions is against loaning money to family or friends, since those arrangements often damage trust and create even more stress. When help is truly needed and affordable, they suggest that a gift is often healthier than a loan.They also cover practical financial habits that help responsible people stay grounded, including protecting an emergency fund, planning ahead with sinking funds, and avoiding retirement withdrawals to support others. The episode also speaks directly to those in the sandwich generation, who may be caring for both children and aging parents at the same time. In the end, Tim and Joe remind listeners that if they feel overwhelmed by always being the dependable one, they are not alone. With strong financial boundaries, thoughtful planning, and a healthier view of responsibility, it is possible to care for others without losing yourself in the process.Additional Resources:https://www.goodwininvestment.com/the-talk-about-money-with-dale-alexander/ https://www.goodwininvestment.com/stressed-about-financial-uncertainty-insecurity-or-your-future-retirement/https://www.goodwininvestment.com/executive-insights/
Transcribe →Is Your Financial Advisor Saving You Enough in Taxes?
May 1900:26:37Tap to summarizeMaximize Your Tax Savings with Strategies You Need to KnowUnderstanding how to manage taxes efficiently is crucial to growing wealth—whether you're investing, planning for retirement, or managing distribution strategies. In this episode, Justin Pitcock shares actionable insights into tax loss harvesting, tax gain harvesting, and how sophisticated tools like SMAs can help you keep more of your money.In this episode:What is tax loss harvesting and how can it be automated in your investment strategyThe concept of tax gain harvesting and how to leverage your low-tax bracketsThe benefits of using Separately Managed Accounts (SMAs) for tax efficiencyHow to optimize your retirement distributions to avoid Medicare surcharges and maximize subsidiesPractical examples illustrating how these strategies can save you thousands annuallyKey Insights and TakeawaysTax loss harvesting involves selling investments at a loss to offset gains, with the ability to carry losses forward indefinitely—this requires intentional management, not just luck.The wash sale rule disallows repurchasing the same or substantially similar investments within 30 days to preserve tax-loss benefits, but strategic proxies (like ETFs) can be used effectively.Tax gain harvesting makes sense when your realized gains are within your 0% capital gains tax bracket, particularly for retirees. It’s about turning gains into tax-free opportunities.Unpackaged stock holdings through SMAs unlock more tax loss harvesting in diversified portfolios, especially when individual securities fluctuate independently.Using SMAs, including long-short strategies like AQR, can potentially increase tax loss harvesting opportunities by 30% or more during volatile markets.An intentional distribution strategy can reduce Medicare IRMA surcharges and maximize Obamacare subsidies—by carefully managing withdrawals from taxable and tax-advantaged accounts.Goodwin Investment Tax Planning Services https://www.goodwininvestment.com/services/tax-planningAdditional Resources:https://www.goodwininvestment.com/10-pro-tax-planning-tips-for-early-retirees-w-justin-pitcock-part-1/https://www.goodwininvestment.com/10-pro-tax-planning-tips-for-early-retirees-w-justin-pitcock-part-2/ For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →You Don’t Need More Advice — You Need This
May 1900:22:18Tap to summarizeWhy Human Behavior and Accountability Drive Lasting ChangeIn this episode of the Money PIG podcast, co-hosts Tim Goodwin and Joe Beckford explore why information alone is insufficient for driving change, especially in finance and personal habits. They delve into the importance of accountability, trust, and behavioral psychology as the true catalysts for sustainable transformation.Key insights include the understanding that human resistance to change is often due to the path of least resistance and the lure of immediate gratification. Information can be overwhelming and dull, which diminishes motivation to act. However, sharing goals with trusted individuals creates accountability and increases commitment. External expectations, such as those from a spouse or mentor, can make change less painful by applying social pressure.The episode highlights that humans are more motivated by pain avoidance than pleasure, and accountability taps into this tendency. Thoughtful, slow decision-making fosters better long-term habits, and successful clients often possess a "how" mindset—willing to learn, adapt, and collaborate. Regular financial check-ins with significant others and accountability partners are emphasized as crucial for strengthening results. The hosts also note that the most resilient investment accounts are those left untouched, underscoring the power of patience and gradual change. Real change involves a mindset shift from "fire" to "aim," with deliberate reflection.Resources & Links:The Psychology of Money by Morgan HouselGoodwin Investment AdvisorsSchedule a ConsultationAdditional Resources:https://www.goodwininvestment.com/lessons-learned-from-people-20-years-ahead-of-you/https://www.goodwininvestment.com/book-recommendations-and-life-advice-with-dale-alexander-part-2/ https://www.goodwininvestment.com/why-ai-isnt-your-life-coach-the-power-of-real-mentors/ For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →Why AI isn't Your Life Coach
May 1900:17:25Tap to summarizeIn this episode, we explore the limitations of AI as a life coach and highlight the irreplaceable value of human mentorship. While AI tools like ChatGPT can assist with decision-making and emotional regulation, they lack the depth of understanding, empathy, and accountability that come from real relationships. Discover why genuine mentors are crucial for personal growth, decision clarity, and long-term success.Key topics:The practical use of AI for navigating conversations and emotional responsesWhy AI cannot replace the emotional intelligence of mentors or therapistsThe critical role of human mentors in providing context, accountability, and personalized adviceHow trusted guides influence decision-making and long-term goalsThe risks of relying solely on AI for personal and relational developmentHow technology can complement, but not substitute, human connection and wisdomResources & Links:Book: The Gift of Mentoring by Malcolm S. Knowles — For insights on mentoring relationshipsHow to Build Trust and Influence Mentors — Article on cultivating meaningful mentorshipDave Ramsey — Financial mentorship inspirationThe Power of Human Mentors — Harvard Business Review piece on mentorship importanceConnect with Tim & Joe:Tim Goodwin - LinkedInJoe Beckford - LinkedInIn a world increasingly powered by AI, remember that human connection, experience, and wisdom remain the foundation of meaningful growth. Use technology to assist, but never replace the mentors who truly see and understand you.Additional Resources:https://www.goodwininvestment.com/why-ai-isnt-your-life-coach-the-power-of-real-mentors/https://www.goodwininvestment.com/white-water-rafting-guides-are-like-good-financial-advisors/ https://www.goodwininvestment.com/get-your-end-of-the-year-planning-guide/ For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia To learn more about the benefits and services we offer click here.
Transcribe →You’re Not Behind — You’re Just Playing the Wrong Financial Game
May 1900:24:33Tap to summarizeIn Episode 112 of the Money PIG Podcast presented by Goodwin Investment Advisory, Tim Goodwin is joined by his newly promoted co-host Joe Beckford. This episode blends practical wisdom with a friendly, approachable tone as they explore the quiet financial costs that can sneak up on high-net-worth families if planning is left on autopilotRather than focusing on market predictions, Tim and Joe encourage listeners to be intentional in 2026 by paying attention to patterns, missed opportunities, and the cost of waiting. In this episode, they coverWhy missed planning opportunities can quietly cost more than market swingsCommonly overlooked strategies like Roth conversions, backdoor Roths, and QCDs (qualified charitable distributions).How giving appreciated securities or using a donor-advised fund can be more effective than giving cashWhere money often leaks out through taxes, disorganization, and unaligned advisorsWhy your financial advisor, CPA, and estate attorney need to work togetherHow assumptions about last year can lead to surprises in the next oneThe real cost of waiting includes penalties, missed tax savings, and outdated estate documentsOne key area to review in 2026 is the different tax types your money is invested in and why having a mix matters. The big takeawayBe intentional, not accidental. Have a plan, update it often, and do not do it alone. Resources and next steps:Blog Post: How Financial Planning Can Help you Reach Your Long-Term GoalsBlog Post: Things You Didn’t Know a Financial Advisor Could Do For YouPodcast: Things You Didn’t Know a Financial Advisor Could Do For YouFor personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →What Could Cost You More Than You Expect in 2026
May 1900:26:25Tap to summarizeMoney PIG Podcast Episode 111What could cost you more than you expect in 2026In Episode 111 of the Money PIG Podcast, host Tim Goodwin and co-host Joe Beckford talk about the “quiet costs” that can sneak up on high net worth families in 2026 — not from the market, but from missed planning, unaligned professionals, and waiting too long to act. Their core message: be intentional, not accidental with your financial decisions.They walk through common planning opportunities people often miss, like Roth conversions, backdoor Roth contributions, Qualified Charitable Distributions (QCDs), and more strategic charitable giving using donor-advised funds and appreciated securities instead of cash. They also explain how money “leaks” out through tax drag and simple oversights — like not telling your CPA about a QCD, or creating a trust but never actually funding it.A major theme is how costly assumptions can be. Many people expect the next year to look like the last, but Tim and Joe remind listeners that change is the only constant — especially when laws and tax rules shift. They discuss how proactive planning helps families adapt rather than react.They also highlight the cost of waiting: procrastinating on estate documents, delaying estimated tax payments, or putting off strategic adjustments can lead to real penalties, missed opportunities, and long-term tax consequences.To close, they encourage listeners to review one key area in 2026: the tax “types” of your money. If most of your wealth is concentrated in pre-tax accounts like 401(k)s, it may be time to intentionally build a healthier mix of Roth (tax-free), after-tax, and pre-tax assets — creating more flexibility and tax control in retirement.Bottom line: Don’t do this alone. Coordinate your advisor, CPA, and estate attorney, keep your plan updated, and revisit your “why” so your money supports the life you actually want to live.Resources and next steps:Podcast: Things we do not recommend and why, Part IPodcast: Things we do not recommend and why, Part II Like, subscribe, and enjoy the episode? Leave us a review if this resonated with you!For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →The Real Cost of Divorce and Why You Don’t Have to Face It Alone
May 1900:21:39Tap to summarizeEpisode 110: The Real Cost of Divorce — And Why You Don’t Have to Face It Alone(The Financial Side of Divorce—Because Someone Has to Talk About It)Divorce carries costs far beyond legal fees and spreadsheets. In this episode, we talk openly about the emotional and financial weight people carry—but rarely say out loud—after a major life transition. From the fear of “Is it too late for me?” to the quiet shame of “I don’t even know what I’m entitled to,” this conversation is designed to normalize uncertainty and offer reassurance to anyone feeling overwhelmed, behind, or unsure where to begin.Our advisors share what they see every day: how common it is for one spouse to have handled the finances, why that’s nothing to be ashamed of, and how rebuilding doesn’t start with knowing everything—it starts with having a calm, trusted guide. This episode is about slowing decisions down, creating clarity without panic, and helping people move from fear to confidence, one step at a time. Because rebuilding after divorce isn’t about perfection—it’s about support, perspective, and peace.Resources & Next StepsDownload our divorce planning checklist/guideSchedule a conversation with Joe, who has guided countless individuals through the financial side of divorceAdditional support for women navigating divorce: You don’t have to do this alone—and you don’t have to have it all figured out to take the first step.For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia. Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here. Enjoy the episode?Subscribe, share it, and leave us a review on Apple, Spotify, or Buzzsprout! Like, subscribe, and leave us a review on YouTube if this resonated with you!
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