10 Money Moves (Not In Your Texbook)

Today's Newsletter:

• My Latest

• Who I Take Advice From

• 10 Money Moves (Not in Your Textbook)

• A Money Question

My Latest

For business owners, the scramble to reduce your tax bill is on.

My latest shows you everything in Trump’s 2025 tax bill to know:

• Key changes

• Biggest opportunities

• How to think about executing on these

You can check it out here ⬇️⬇️⬇️

Who I Take Advice From

Ok, let me pull back the curtain for you a bit.

I am not great at taking advice.

In fact, ask my wife and she would tell you that my normal process looks like this:

Listen, play devil’s advocate, and only after seeing it happen…believe.

For some things, it has served me well.

For other things, it has been my Achilles heel.

Yet even I (who is not great at taking advice) jump at advice from one group of people.

Those who can provide me with level three advice.

Here is how I view advice and how you can get to level three:

• Level One – You understand a topic well enough to teach it.

• Level Two – You understand a topic and have experience getting results for others.

• Level Three – You can do all of the above AND have done it in your own life.

Said another way, I am quick to take advice from people who have walked the path or achieved the success I want to achieve.

On the flip side, you won’t find me taking business advice from someone who doesn’t have a business. 

Now look, someone is reading this, thinking of someone who gives incredible advice that doesn’t have “Level Three” experience.

I have those people in my life too, but for me, it is a simple lens that has served me well.

A filter of sorts…

So today I am going to share with you 10 examples of advice I have given…that you don’t read in a textbook but comes from walking the path.

Let’s dive in…

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Resetting Expectations

1. Invest Less

I had a client this year looking to continue to build his investment portfolio.

Yet the reality is he needed to build his lifestyle, experiences, and use his money.

Another share of the S&P 500 wasn’t going to do anything for his life.

2. Buy the Dream Car

I have helped clients buy 6 cars this year.

This year, I helped…all but begged a client to buy a $150,000+ truck he had been wanting.

He had the means, he always wanted it, and frankly, he had earned it…so we bought it.

3. Keep the Individual Stock

At Moment, we are not individual stock pickers.

We recently had a client come in with a concentrated stock position.

They loved the company, had plenty outside of it, so we kept it.

4. Pass on the Life Insurance

Financial planning 101 is to make sure you have your estate plan and life insurance.

Yet for some, life insurance is not needed, yes even with a family to support.

There are no blanket yes’ in my book, and for this client, the 101 didn’t apply.

5. Pay More for the House

I told a client to overpay for a house.

I told him it would be a bad financial investment but a great life one.

A bigger static number on the screen will mean nothing to their family.

6. Make the Move (even when uncomfortable)

I will never sell something I don’t believe in.

I believe in what we deliver at Moment, and I told a prospect recently as much.

I said leaving your current team is going to suck (yeah, I said that,) but it is the right move.

7. Invest with Your Heart, not with the Spreadsheet

We build investment portfolios with data, not emotion.

Yet the best portfolio is the one you can stick with (emotion plays a huge role).

I have a client who has double the war chest (safety bucket) that I recommend.

Yet, guess what…they are going to stick with it long term.

8. “I am Going to Push You Out of Your Comfort Zone”

If you want to hire someone who won’t challenge your thinking, don’t hire us.

Many of our (yours and mine) money beliefs are rooted in perception, not reality.

My role is to help our clients push past that perception.

9. “My Role is to Battle Test Even the Best Ideas”

I have clients who bring me ideas where I think, “100% we should do that.”

Yet often (nearly always) I will play devil’s advocate on the idea.

I want to make sure we think about the blind spots.

They don’t need another yes man.

10.  There is no Right Way

Let me get on my soapbox for a second.

The outcome you want should lead to your financial planning decisions.

That outcome is specific, so following a textbook to a T seems a bit silly.

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My friends, when I talk about level three advice, what I really mean is you need advice from people who think past the textbook.

They don’t ignore the basics

They don’t forget about the foundation.

They just understand the textbook has limitations.

It doesn’t provide the “well, what about when this happens” scenarios.

That is why I want people in my corner who have walked the path.

Show me what I don’t know.

Show me the thing I can’t read about.

Show me how this goes right and how this goes wrong.

That my friends, is the value of good advice.

Until next time!

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A Money Question

What would you buy if you won the lottery?

I am not much of a gambler, but I do love buying a lottery ticket on a road trip.

You have a few hours to drive, and for a few bucks, you can let your mind wander.

“What would I buy if I won?”

Email me the number one thing you would buy!

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3 Ways I Can Help You

💰 Schedule an introductory call with Moment. We help athletes, entrepreneurs, and key employees build and protect wealth.

📹 Check out my YouTube channel. A safe place to get smarter with your money.

📷 Interact with me on Instagram. I provide bite-sized daily content to level up your money game.

Moment Private Wealth, LLC is a Registered Investment Advisor, located in the State of Missouri. Moment Private Wealth provides investment advisory and related services for clients nationally. Moment Private Wealth will maintain all applicable registrations and licenses as required by the various states in which Moment Private Wealth conducts business, as applicable. Moment Private Wealth renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or under an applicable state exemption or exclusion. Nothing in this content is intended to be, and you should not consider anything in this content to be, investment, accounting, tax, or legal advice.