YAPClassic: Peter Mallouk on The Path to Financial Freedom

If you want to grow and protect your wealth and secure your financial future, the best time to start is now. Investing can seem intimidating and confusing, but Peter Mallouk, CEO of Creative Planning, sought-after financial thought leader, and New York Times bestselling author is here to demystify investing and financial planning and get you on a path to financial freedom. In this episode, Hala and Peter discuss why now is the best time to start investing, what plans you should have in place before you invest, and at what point you should consider getting an independent financial advisor, and Peter gives tips about compounding, insurance, and diversifying.

Topics Include:

- Importance of optimism and the truth about “the good ole days”  

- The media and the narrative of negativity 

- Why is now the best time to be investing? 

- S&P 500 and the importance of diversifying 

- Real-life experience of the importance of diversifying 

- The power of compounding 

- Why it’s important to know what we want 

- Financial independence vs retirement 

- Important plans to have in place before starting investing

- Difference between broker and independent financial advisor 

- When should you get an independent financial advisor 

- Tips for someone working at a corporation

- Advice about insurance 

- What to look for in financial planning

- Peter’s New Book, The Path 

- Peter’s secret to profiting in life  

- And other topics…

Peter Mallouk is the CEO of Creative Planning, a wealth management firm, that has been ranked #1 in America by outlets such as CNBC and Barron’s. Peter has been on Worth Magazine’s Power 100 rankings and has received other accolades such as the Ernst & Young Entrepreneur of the Year Award. 

He is also a financial industry thought leader and author of several books, including The 5 Mistakes Investors Make and How to Avoid Them and The Path, co-authored by Tony Robbins.

Sponsored By:

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Resources Mentioned:

YAP Episode #84: The Path to Financial Freedom with Peter Mallouk: https://www.youngandprofiting.com/84-the-path-to-financial-freedom-with-peter-mallouk/

YAP Episode #72: Post-Covid Predictions and Investing Tips with Peter Mallouk: https://www.youngandprofiting.com/72-post-covid-predictions-and-investing-tips-with-peter-mallouk/ 

Peter’s Books: https://www.amazon.com/Peter-Mallouk/e/B00NA6DO18 

Peter’s Website: https://creativeplanning.com/ 

Peter’s LinkedIn: https://www.linkedin.com/in/peter-mallouk/ 

Peter’s Twitter: https://twitter.com/PeterMallouk/ 

Peter’s Facebook: https://www.facebook.com/OfficialPeterMallouk/ 

Connect with Young and Profiting:

Hala’s LinkedIn: https://www.linkedin.com/in/htaha/    

Hala’s Instagram:https://www.instagram.com/yapwithhala/    

Hala’s Twitter: https://twitter.com/yapwithhala 

Clubhouse: https://www.clubhouse.com/@halataha  

Website: https://www.youngandprofiting.com/ 

Text Hala: https://youngandprofiting.co/TextHala or text “YAP” to 28046