What is up everybody you’re listening to another episode of the stay tranquilo podcast where we’re here to help you stress a little bit less and enjoy a whole lot more I’m here with Nelson Fernandez and uh Danny Del Rio um bunch of Finance Financial guys um
That they you know they they they know their stuff when it comes to money so I thought it would be cool to bring them both on um so Danny uh start with you if you want to introduce yourself let people um know a little bit about yourself yes so just uh background
Obviously D Rio went to Columbus High School um previously went to Timothy before that um went to FAU for soccer spent some time playing semi pro as well uh transitioned to the finance world as a financial advisor um obviously enjoyed it since uh relocated back to Miami I
Was broken previously um about a year and a half ago now and uh now about three months in of my own firm so just taking next steps from there man nice man that’s awesome great move s uh my name is Nelson um I graduated from FIU um I love
Love love yeah of course of course everything Miami I mean I live in Orlando now though I’ve been in the finance game for a little bit more than a year and yeah I love what I do so awesome cool can be of service today yeah awesome man well yeah just a little
Bit of background I mean I went to high school with both both these guys I played baseball uh with Nelson and I’ve known Danny from uh Columbus as well so um you know common theme is Columbus and and just kind of the network and and Brotherhood that that brings so that’s
You know that that’s been awesome um but before we get into it you know a little rundown of you know why we’re doing this episode today um obviously money and finances is a big big topic um amongst everyone you know uh from from you know saving money how to spend money um just
Getting advice on what’s best practices when utilizing money you know money is a tool um it’s something that we all deal with at some capacity so it’s something that we wanted uh wanted to bring on because you know as as awesome of of of
A tool it is it could bring a lot of stress into people’s life um and the main theme about about this podcast is how can we you know manage stress how can we alleviate stress in our life so um Danny I’ll start with you I know um you started um high-rise wealth
Management uh can you tell us a little bit about about that um you know what your plans are with with that company and and how you kind of got involved in that yeah man so it’s got um obviously so I’ve been in the street probably about running five years now um I was
With a firm um EO advisors did very well um enjoyed it uh came down for VP rooll all that was was great um but just found myself in the same situation kind of uh always kind of enjoying and building it how I want to uh making sure my clients
Get the best experience uh make sure it’s most most efficient right um so it’s it’s been going really really well uh we’ve gone uh month over month now it’s going to be in December um since we started of of uh surpassing expectations um but just seeing what it’s looking at
Uh moving down the line it’s more of um you know obviously expanding to three different niches is really what we want to do um we’re eventually going to develop teams for those niches um but it’s really working on the professional side right so any professionals right accounting um you know law obviously
Medical etc etc um we would have that Niche and then we would have a separate team uh niches for businesses right now um that we’re obviously currently uh you know working on working with um and then the third one is uh proathletics um so next year we are hopefully going to be
Able to to launch that Niche more effectively um as we do have clients already as it is but just kind of more expanding on that and and making it more enjoyable obviously relating back to my past do that’s awesome that’s awesome so Nelly tell us a little bit about kind of
What what what you’re doing right now on on your end I know you’re working for a company right now um but uh tell us a little bit about kind of what you do on on your side correct so pretty much same thing as Danny was saying I try to find
More and more people to help in my community I moved to Orlando a little bit more than a year ago and I’m over more than 100 clients already that I’ve been able to help out start sing for retirement uh protect assis for the future and uh yeah for me right now it’s
Just keep growing I think Danny’s been in the game a little bit longer so he uh he’s in a different stage but cool uh right now it’s just build a bigger uh business currently for me nice awesome so uh one of the main topics that I that
I wanted to talk about today um and and something that I think you know as as young you know workingclass guys um is becoming more you know relevant in our lives is invest right um so I wanted to get both your guys perspective and and you know
Obviously to dialogue so feel free to to chime in and you know if you guys have differences I’m open to those differences that’s what this is that’s what this is about um so you know investing 101 obviously like when it comes to financial planning and you know
What you read out there you know the 50 3020 rule is one of the most popular um you know I guess money planning um rules out there right so 50% of what you make goes uh towards you know bills 30% goes towards Leisure entertainment um and
Then the 20% is to be put away towards you know savings I guess investing uh falls into that um so I wanted to get uh your guys perspective on that and and you know what you guys think on that and then what you know if there’s a better
Plan what what you know what is the best approach in terms of how how should we break down how we spend our money and whoever whoever I can start that off so I think that’s a great guideline especially for people that are at a young age starting investing starting
Looking at their future but it really depends on when you start yeah if you start later uh maybe in your 30s or 40s you might have to do more than 20% towards investing might have to flip to 30% or more depending on when you start
And what you do with your money so some people don’t like taking much risk and that’s something that at times you have to take the necessary risk to make sure your money grow at a rate that will be helpful enough for you in the future to be able to sustain yourself yeah
Definitely I don’t think everyone wants to work forever some people do and that’s great but even if you do there’s times once you’re 70 80 it’s a lot harder to work those 40 there’s a physical component that you just can’t do it exactly so the goal I think for
Most people is to be able to own more of their time as you get closer to retirement or whatever that looks like for you but just not depend on your paycheck as your only income I think is one of the biggest things that we help so like M having multiple sources
Essentially whether it’s coming through investing or most of the time it’s Investments or you can you can invest your time it’s not necessarily money but investing money is usually the easiest yeah because it’s hands off exactly and it does it does there’s a lot there’s a lot of avenues okay what’s what’s your
Approach um yeah I mean just payback off his the time is a big uh aspect to it right so when you go to sit and build a financial plan with somebody um you know I like I hear a lot of people you know all my friends say you know these funds
These you know I saw this online the 50 30 20 rule yeah but just like you said you know it’s going to differ um it’s never the same plan like I have two people that make the same amount of money do the same job you know same
Pretty much same amount of people in their family but their plans are completely different yeah um so it’s really just you know kind of figuring that whole aspect out but investing oneone the best sense to do it is that investing is not even the first part
Right um anybody needs a fin your plan right you could definitely go get an index fund and kind of build that up um you know if you want to be passive on on it um but there’s still a plan in place right liquidity uh your risk tolerance
Um and then tying all into you know what do you want your day-to-day look like you know 5 10 years from now and are you on target Etc so um the best thing 101 really going to start on the planning side write your goals down Etc so that’s
Pretty much the the Head Start that I’ll take there okay cool um and then from an investment standpoint right so all right cool I’m going to invest 20% of what whatever I’m making where where should where should I invest my money um so I would say it’s going to vary from person
To person for sure um I’ve had this conversation back and forth on the index funds um it’s uh it’s going to be a plus or minus right uh for example I’ll tell you this is that if you’re going to see your wealthy individuals right or credit
Investors you want to use that word yeah um those individuals you know rarely ever going to use an index fund um and there’s reasons behind it um index funds are great right they’re low costs you still have your your goal in mind um but it’s not necessarily the best investment
Right so I’ll give you an example is that um you know 25-year-old coming in right they’re making $40 $50,000 a year and they’re set up their retirement account an index fundp 500 may not be the best scenario because there’s more aggressive funds like small caps make
Caps and Etc right and then in there you want to make sure that you’re not just tracking the Russell maybe you have more of a of an advanced uh you know let’s say for example mutual fund or ETF where they’re actually tracking certain sectors right um so that’s the the
Really complicated part behind it um but in regards to where to invest that 20% um you know that 20% you got to make sure that you just have liquidity out of it if you’re young go as aggressive as you want if you have that liquidity to
Fall back on any recession um but if you do not have any liquid money to cover expenses people say three to six months but if you’re someone who gets nerve breing when the market goes down make it 12 yeah um if you don’t have that then
Obviously um you know got to be careful yeah okay and do you want to kind of well either one of you but you spoke on index funds index funds is something that that seems like a common theme across the board you want to tell us a little bit about what exactly kind of
Like an index fund is for someone that may not know yeah sure so so first there’s a lot of different index funds there a lot of indices that you can track uh the most popular one usually is the S&P 500 that’s a 500 biggest companies in America and usually that’s
Done very well historically and the great thing about that Index Fund is like you said it was low cost but there’s things that do more or average more over time they bring you a bit bigger return over time correct correct so I personally think there’s always a
Portion that should be in that because I think it’s low cost it’s stable depending on taxes and other things so when you get to the in credit investor part it’s a little bit different but for someone that’s just starting that’s a great place to start but at times I
Don’t always recommend people just to invest if they don’t know what they’re investing in so that’s where what we do helps so much yeah so if you do your homework you understand what you’re doing it might be okay for you to do that but as your wealth grows as your
Nest grows and your decisions aren’t hundred doll decisions they’re thousands and tens of thousands dollar decisions that’s where uh some someone that’s professional helps a lot okay cool makes sense um obviously huge thing going on right now is uh cryptocurrency right of course so we can’t talk money and not talk
Crypto at this point so um cryptocurrency is a is a big um component that people are kind of putting their money into um I guess can you tell us a little bit what exactly is crypto right I mean I still think some people don’t even understand the concept
Of crypto uh first off and then we could get a little bit into like you know what are some good coins to invest in should we even be investing in crypto um but can you give us a little bit of a back background uh yeah yeah so about what uh
Crypto is I’m not the biggest crypto fan I do believe that longterm it has some use but there is a lot of risk so for younger individuals if you do your research and you find that this is suitable for you you can go ahead but it’s like Warren Buffett doesn’t
Like like it and he’s he’s a guy he’s old old school guy yeah he’s not going to change but his theory is if you’re investing over a long period of time right you’re going to become wealthy yeah eventually yeah he’s a big believer in the whole aspect of the compound
Interest correct letting your money just do that being said I don’t think it’s a bad idea to have some crypto I wouldn’t make your whole portfolio of course so they always talk about diversifying your portfolio right so I think crypto is an Avenue if you know it’s the right crypto
Or however you want to put it um there you know that that it may make sense to be what’s what’s your perspective on on crypto so one of the reasons why I left was the modern kind of turn change into the modern idea right um our industry
Isn’t heavily regulated in that in the sense of crypto right they haven’t gotten to that sense yet but they’re they’re starting to but we are obviously heav heavily regulated in general so we do have to obviously be careful what we say and so forth okay um in regards to
My look on it right uh just like you said obviously opportunes nothing you know nothing wrong with that um I wish obviously there was a lot more confirmation on what what’s you know what’s going to be the one that we’re going to be able to use and transact and
And so forth um obviously there’s a lot of different um platforms you can use and networks but um in regards to just the total Outlook I think it is the future at one point yeah whether it’s going to be a digital currency of you know you have countries I think it’s
Like Venezuela that that have adopted it as as as a form of currency that um but yeah I mean it’s definitely going to be a thing it’s it’s not um going to pass away but uh in regards to like nfts and cryptos and stuff like that all that’s
Kind of um you know it is a future it is pretty much an evolution of what we went from gold to the dollar to dollar to now and a lot of people I’ll give you this last little bit of it is um a lot of people say that you know realistically
Um crypto you know has no value behind it which is true there’s a lot of them that don’t um but uh Swiss bank just came out with one that’s backed by actual physical gold um and they’re going to continue to do things like that where it’s going to be tied to Dollar
Etc so um trans are going to change and um will we see the dollar leave in a lifetime probably not but will we see you know obviously more transactions happening elsewhere definitely that think so yeah I I think so too um one thing real quick I think like you said
Transparency might be the biggest thing right now because like we we think we know more and more but I feel like there’s still something big block behind it yeah what do you mean like there’s there’s things behind the scene that we don’t really know we don’t know enough
About it’s like if you look at the stock market eventually everything comes out maybe not right away but everything eventually comes out but when it comes to crypto you don’t know what’s happening in the background what if one person is holding half of all all of one
Single coin yeah you don’t know that yeah definitely R so that is that is very true yeah that’s true um so before we move on we’ll have like a little intermission I just wanted to say uh shout out to Johnny Cuba um before we get into the next conversation I’m going
To open mine up you guys are more than welcome too as well don’t against that one yeah of course can’t say no when we come the stay Tano coin that’s a good question bro call the the T coin baby yeah shout to the K cheers boys joking it’s your first but first
It’s my first beer um but you touched on something about nfts right so nfts can you tell us a little bit about nfts I know it’s like digital art right but there’s people making a [ __ ] ton of money off of it right now um so what
What even is that space where did that come from like people yeah how do people even get involved in an nft it’s a blind demand it’s realistically what it built uh the market built so um you know we’re going to use board Apes for example obviously the most popular one yeah um
What’s the actual value behind it nothing I mean this you know a lot of art there’s really no actual value behind people are selling a concept essentially exactly so it’s a concept an idea and obviously look as well and a brand um so that’s really what it is and
What it’s built off of the only thing is here is that um I’ll bring up the screenshotting right A lot of people were like hey why don’t I just screenshot it um you know this the blockchain provides that technology where it actually shows you where
Obviously an nft is is yours so um you know again it’s another Market where yes there is going to be um I’ll also say be careful with that there might be a correction right where things you know die down liquidity is going to be a big
Thing with the crypto Market as well or a lot of people don’t have other liquid assets so that market Falls people be pulling out things like that but definitely be careful with it but I’m excited to see kind of where that heads out espe I mean I think I think a lot of
It is a kind of a phase right now too like I think people are you know jumping on the bandw in it seems too like nfts are kind of like they’re not Untouchable but they’re meant for a different class of people right now like obviously if
You have a lot of money you you can get investing in an nft um that just seems to be the climate I think a little bit of it is going to kind of like um balance out a little bit and and and these prices are going to kind of drop
But the future of of nft I mean I mean you look at things like uh the metaverse and and and that kind of space um you know companies are going to a completely kind of like virtual uh virtual world and I mean we you know we can go on a
Tangent about the the metaverse but in your space how how does that kind of like affect um the financial the financial world like are are are are Industries kind of adjusting towards that so I would say very slowly okay there’s a couple companies like Facebook obviously switch to to meta yeah and
There are companies that are like trying to go towards that but at least in finance most companies don’t change as quickly because they’re so regulated okay so I’ll would say usually Finance is the people that get their last yeah the money might get their first but the actual Finance compan but the companies
Themselves will get their last yeah that’s a good point right in the finance World a lot of advisers are going to be opposed to things like this especially because we can’t even um you know work with them with the clients ETF the ETF now that with Bitcoin that just came out that’s only
Exception really but um in regards to the full picture of it uh the metaverse in general is I mean I’m excited that’s that’s uh I was talking to my friends about this realistically it’s that U we’re going to be having meetings and one day you could have it in you know me
A room that looks like a background with P trees to a beach right I mean what to me what the metaverse is is basically real life world Sims like was literally comparing to that that’s way you can put it that’s what it is like I was I was
Thinking about the metaverse the other day and I’m like okay so I can be friends with a virtual person I can pretend to like have a relationship with this person I can go to work with this virtual person and I’m like I used to play this game when I was a freaking
Little kid and and I was basically playing with Sims like that’s what’s going to happen like I can work for let’s say Google right and have an employee in in Oregon living in Miami but it feels like we’re here sitting in this room basically having having like a
Working session exactly it is it’s I mean that that whole entire idea is I mean it’s podcast like even this like a podcast like I can have a podcast with someone in like the virtual world it’s the whole idea is convenient I mean myself with everything combined like
With looking at the metav the crypto stuff I do have portfolios that are built around that right for clients that if they are understand the exposure of risk and so forth but I mean dude Facebook like square right changing their names to block and meta I mean
That’s kind of a a big output just to kind of keep your eye on really is it really is I remember when I first heard that they were changing their name I was like dude Facebook is like they’re on another Spectrum when Square did it I
Was like that’s I was like all right Facebook’s going to do it we had one crazy guy yeah we’re good there but um when I was to Jack dor he left Twitter and like there’s something well and he’s he he was like I’m throwing all my marbles into that too cuz he left
Twitter and now you know that’s that’s kind of where he put all that’s where he’s putting all his energy into which is crazy to see cool um before we pivot on to like another subject you know one you know one thing that again that I wanted to highlight you know what what
Do you guys recommend for for you know people like obviously like we were talking about in the beginning was you know money obviously can create a lot of stress in people’s life right you know uh Financial hardships that comes up what do you guys recommend um you know
What’s the best way to to kind of avoid the stresses of Life obviously there’s unseen for uh circumstances right that that that sometimes we can’t plan for but obviously there’s certain things that we can do to kind of prevent ourselves from you know falling into those holes and and and kind of like
Taking those punches a little bit better what what are what are some things that you guys would recommend to to best prepare for you know stressful situations when it comes uh from money so there’s two things that I think of right off the off the bat first is the
Emergency funds you need to have whatever you feel comfortable with three six months 12 months there’s people that work in a sales or a commission based job job that they don’t know when their next paycheck is maybe you want a year maybe you want more so whatever you’re
Comfortable with there and the second thing to start off even though I love investing if you have bad debt you cannot you cannot do compounding interest both ways so let’s say we do a great job we get you 15% on average that’s an amazing job if you’re a credit card that you owe
$10,000 on is charging you 22% you’re losing money so exactly bad debt is one thing we have to get rid of now there’s bad debts credit cards usually uh depending on your student loans if you do have student loans how much uh your interest rate is that’s one but anything
That’s over 3% 4% 5% in that area yeah you want to take care of that you want to look at taking it away because it’s a risk analysis there you’re getting guaranteed returns by getting rid of that got it okay and then after that you can look at retirement one thing too if
You have a 401k your match you need to get that that’s 100% bonus usually yeah so whatever you’re putting in there that’s those are the things that at least to start off it helps a lot yeah and no matter your age you can you can kind of start start that process yeah I
I want to ask what do you think about like debt when it comes to like buying houses and things like that I know a lot of advisers have different opinions on that one um leveraging debt is good um not too much debt right understanding where your margins are able to obviously
Deal with personally but um nothing wrong against it right i’ Rather somebody put down 5% to a house poos to 20 90% of the time right um you know if you’re telling me this person is panicking I’ll give you a good example right um my dad doesn’t like the you
Know he likes makeing sure that you know monthly cash flows coming in positive to his debts expenses etc those people yeah you put 20% down we not to leverage that but course want to take that 5% on the conventional loan whatever um use other
15% to actually use as a NE EG use for other things kind of give you that safety kind you’re talking about make sure you’re not stressed yeah um that’s pretty much what I would normally recommend when it comes to it but um in regards to the full idea of what you
Should do to avoid stress um you know with money it’s a liquidity pool right Le on the emergency fund and purpose like purposeful right I I compare this a lot to a test you go into a test right uh completely blank didn’t study uh you’re done right you’re pretty much I
Mean I’ve done that in college you go into it and you’re just like wow I done it never works out well exactly I I don’t think once but unless you look to your left or your right but the the uh in regards to your the
Problem is when you do that the guy next to you is waiting for you so then you’re like every to the right the teacher like [ __ ] all right this is not going to work um but yeah but just by doing the planning simple planning I know nobody
Likes to look and see how much you’re spending and what negative is and a lot of people I use this very very carefully but a lot of people don’t want to feel stupid right when it comes to it there’s nothing wrong with it I’m not a doctor I
Can’t diagnose myself with a lot of medical stuff same thing with obious finances so just take a second whether you can do yourself or somebody else look at your budget look at your planning um organize things so you know what’s going out even if vacation funds put that there um if you’re organized
You know what’s going to happen and you’re not worried about your Investments falling so definitely there’s a lot of apps to help with budgeting if if you don’t want to go spreadsheets which are a lot so I’m glad you brought that up because that was
Going to that was going to be my next kind of like my next uh topic right so there’s all these apps I think I don’t remember the names of them now but mint uh there’s another one that I use um I can’t remember the name bill I think is
What it’s called I have pennies penes simple I I I do the exercise of the budgeting right say okay this month I’m going to spend this much this oneth this month I I can’t follow it this is the best part I can’t follow it dude it
Doesn’t make any sense I do it I have the spreadsheet I think it’s a beautiful looking spreadsheet but come end of the month come end of the year the numbers just they don’t they don’t drive um I get the question all the time do you think your industry will get aied right
And your job’s done definitely not that’s why okay um corre because I can give you all the resources possible but you’re definitely not going to do it right um I could give you the paperwork to sign and you yeah the app the app just makes me realize how bad I am at
Doing it that’s it I use it for my clients I have a system that I PID for um it’s through my financial planning software right Capital um I use that and um within there there’s a budget sheet so there’s a budget program where you’re able to collect your credit cards and so
Forth and I’m able to see it okay I do that or if they like mint and they want to use mint I do that and I use it for your review meetings but okay um not bad to use how do you follow up and hold yourself accountable uh realistically
Just call somebody so to hold you accountable that’s yeah yeah that’s that’s that’s that’s my goal for 2022 because God damn I’m so bad even I do it I’m looking my like dude I’m like here like okay whatever putting this money away and then it’s just like nothing’s
Happening just does just doesn’t make sense and I’m here trying to find the hole and I I generally can’t find it so I know I’m not the only one that struggles with that so that’s good that’s that’s good to know that’s one thing we’re like personal trainers we
Can tell you what to do we can we can even do the exercises but if you get home and start just eating everything yeah all everything we did it’s not going to help Fair 100% that’s fair someone’s gonna have to hit me in the face or I think that’s that’s the app we
Need you get a shock every time you go over your sh the shot callers cool uh all right sweet so um uh one thing really quick before to obviously the like like you touched on the housing market and and um and uh kind of like you know buying a house right so someone
That’s you know they’ve saved up enough money right um how much of I guess of their savings I guess should go into um you know maybe a down payment on home I know you talked about like kind of like the 5% you can qualify for like a
Conventional loan FHA loan um you know interest rates are starting to change a little bit but you know it’s it’s I think more possible than ever to to kind of put a down payment on a house what’s kind of like the rule of thumb like if I
Have X amount of dollars saved up how much should I you know I guess put aside towards putting towards towards a home yeah so I actually was in mortgage before this so this is this is great for me so I try to stay away from FHA because the mortgage insurance a little
Bit more now there’s times you got to do it I still think it’s better than renty most of the time yeah that being said if you can get conventional 5% or 20% I think they’re both good it just depends what you’re going to do with that difference in money you’re just going to
Hold it do the 20% if you’re going to invest it the 5% makes you’re there and I’m only saying this if you’re a younger home buyer younger investor something like he said too was like 5% because then the other you know can leverage towards you know towards
Like um you know emergency funds or you can use it for investing like you said you can you can beat the interest usually now if you’re closer to retirement age if you’re someone that’s older in their 50s yeah sometimes it’s nice to have less debt because that’s guaranteed returns you’re getting by
Having less debt right for sure if you’re younger let’s score your money it’s it’s fun and you get to see it over time it helps out definitely yeah I mean long short with that it’s I mean if you’re going to put 5% down on a house um realistically have at least 20 you’re
Going to put 20 have at least 40 right so at least double um double the amount potentially even three times the amount depend on the scenario but um on the side the reason why I say that is I mean I purchased the house a year ago um it’s
A never ending game with re right because you just want to do new things um so that’s why my biggest recommendation for a lot of people it’s a very unpopular opinion um but in regards to renting buying um don’t buy until you have a c certain amount and my
Advice after I own my first house make sure that your first house you’re not living in right maybe rent it out do something else yeah and then you can buy your other property but that’s going to way faster way to develop wealth I told all my friends this um you know I didn’t
Know what I knew I was coming into in the early stages right for expenses my house um but the renovations and doing different things those things you don’t even really see the house is niceone there’s always something that you’re going to do fixing the yard custom you want to customize everything so true
Just make sure that you understand that part because if not you’re really uh we talked about I think you talk about the compounding aspect before earlier but um in regards to expanding on that you have to make sure that you have that money early on right if you’re giving it away
For impact windows and stuff like that you know the values might raise your house value just a little bit but what you’re giving up long term in your in your investing uh investing side of your portfolio it’s really going to so it’s not really like necessarily like
I have a certain amount of money I shouldn’t be putting away x amount it’s just I have if I have the money figure out how much I’m willing to put down on that house and then leverage whether I should be putting five or or 5% or more
Down yeah I usually would not recommend anywhere between five and 20 because you’re still going to have mortgage insurance right exactly yeah that makes sense that’s makes like if you’re going to if you’re not going to do 20 do five right exactly correct and then if you
Want to pay off extra early you can or the the big thing is once you have your liquidity taken care of to not have your money sitting so once you have the money that you know do people use savings accounts anymore a lot uh you should um
I can tell you this though you should you should you should have a savings account for your emergency funds etc for emergency funds I could see yeah I do have uh certain things that we use that leverage you know larger than obviously the percentage you’re going to get at
The bank um but in regards to savings accounts um that’s going my opinion is the crypto issue right now is a lot of people were taking their full savings right maybe leaving a little bit and just tossing to things like this where they think are going to blow up yeah um
But we never know what it’s going to turn back so just want to put that out there as well during the Doom bubble there was a lot of hype around the obviously the web um there was a lot of Il liquidity and that is one of one of
The reasons why the do com bubble happen so just make sure your liquidity is there because if your liquidity is there you won’t get emotional about your Investments and you’ll be able to obviously uh continue your path of your investment uh goals so savings account basically makes sense for uh this
Emergency fund type money that’s the only money that should be there one thing as well when that bubble happens or whenever anything happens that anything goes down like the market if you have your liquidity taken care of you are in the position to take advantage exactly a freaking meant to
That dude because when the pandemic hit for sure everyone that bought there’s some people that cashed out heavy from there and everyone that bought in March feels like a genius yeah that’s great CU you took advantage of the opportunity and the people that are able to take
Advantage of the people that have the liquid to do so the dropping Co was a life lesson for a lot of young people just because they kind of saw the opportunity and it was a quick opportunity exactly so they took advantage of it and whether you didn’t
Or not you saw it and yeah kind you’re reaping the benefits or or regretting right now 100% yeah damn sure all right cool so before we wrap it up um we have a segment called talk thany to me towards the end right so it’s just quick
Rapid question so um you know you both obviously will answer but uh Beach or mountains whoever wants to go first beach for me beach for you e beach beach not even a discussion we live right here what else you need yeah that’s that’s true that’s fair I I always say beach
Too but you know I I ironically out of the two that I’ve done so far since like the new reboot both have been mountains I like mountains me go see them for a little bit but it’s something like beach beach every time all right um so action movies or scary
Movies it doesn’t even have you know what what what’s your favorite genre of movies because romcoms could be in there I’m G give you a nice one I’m gonna give you a inside scoop romcoms my girl makes fun to me all the time but that’s that’s something I always watch man I don’t
Know why they’re my they’re my favorite I have no idea why don’t ask me but I’m with it on that so I don’t think I have a genre I just like really plotty movies so like plot twist things like that like things said like [ __ ] with your head not
Necessarily what’s that one uh leardo deab yeah shut Island now that was pretty good but like along those it doesn’t have to [ __ ] with my head but I just don’t want to Inception I don’t want to know what’s happening from the beginning like so for example Avengers I
Don’t like endgame but I like Infinity War because the bad guy won you don’t expect that so that’s that’s fair it’s it’s action but it’s it’s like oh it’s not what always happens so that’s why I think it’s good okay I can get behind that I mean um
What was it that that movie [ __ ] I forgot oh Inception the one where they get inside the dreams like that was crazy those movies those movies get me um all right favorite Cuban dish raao raao it’s a it’s the number one it’s like the overarching number one just had
It last night just so you guys know I I just drove 250 miles to be on on the podcast my family lives here so it’s not the only thing but I just got here from Orlando I’m going to Lara right after blacka oh yeah so okay so that goes on
To my next question who has the best vka oh har har night Dam I haven’t been there yeah been there oh my god dude the th Vita the one that comes with the pork the beef and the chicken oh my God that’s that’s a have you had that it’s my fridge I think
Had the chicken one not not the not the it’s my fridge I’ll bring you back I haven’t had that I got to do that I got to do it’s funny because it’s um everyone says who has the best vaka Frita the you know couple times people
Have said you know like I uh Havana as well but the overarching is usually aella and I’m surprised now one that out there my mom but I don’t think they made but stuff yeah yeah that’s good stuff best croa best easy I had that recently actually
For the first time like last year or like this year I think they have like the size overarching taste yeah that’s crazy it’s just the whole the girth you know um um what else what else okay uh favorite travel destination you guys have been to oh have that been to oh you
Have to start this one um damn I don’t my backyard n so maybe not the my favorite but like definitely one of the best vacations I’ve had was going to Philadelphia was my birthday right before Co and um we just walked the whole city and it was so nice what what
Time of the year did you go we went January January so literally right before Co so it was kind of cold when you went it was free the last day it was just freezing and I just remembered uh I watched It’s Always Sunny in Philadelphia sometimes and it was not sunny at
All late like late January yeah it was just like there was no sun the whole weekend so it was a great time though uh running Terminal Market yes yes is is the hype jyes on fourth so I went to two years before with my family the second
Time I with my girlfriend so I took her to the same spot we went to cuz I have a couple fraternity brothers that told me to go to that spot it was great in the summer I went in the winter it wasn’t that good so I need to go again to to
Kind of balance out whether not it’s legit or not okay have you been to Philly um no uh okay surprising youve never left the country besides Bahamas oh really so that’s crazy cuz soccer pretty much ruin my life in that part feel that but I’m going to Mexico for the
First time coming up for a wedding so that’s like on that one but for now I’m going to go with Colorado good choice haven’t been but I want to go so bad I went in January that’s I proposed says the beach guy his favorite place is Colorado what the hell
Miam go but where’d you go when you went to Colorado I went with my girl we went to Golden went to ve went to kind of went around okay oh so you were like up up in the mountain area yeah and then you flew into Denver flew into Denver
Okay and came back and I told my friends I was like this is awesome all stuff and I have a close group of friends I grew up with and um man a month later we’re back that’s exactly how it was for me when I went I went for my 21st birthday
I landed in Denver it was August uh so summertime MH freaking loved Denver went to Boulder we didn’t go up in the mountains but you Boulder I mean is essentially kind of like a mountain area we did the hikes and stuff like that within like a four month span I went
Three times and then every year every year every year I started going um at least once a year so I the next year I went it was um February we did like snowboarding all that yeah no it’s a it’s a it’s a good time it’s a good time
All right cool all right um oh before we end a podcast and a book you guys recommend for for people to uh read and listen to so a podcast I got two one uh my favorite podcast is probably Freakonomics I don’t know anyone listen
To it but it’s I’ve listen to it it’s uh pretty much they do statistical analysis in a less lame way and they figure out what’s happening in the world so they go over like how for example the two um different parties political parties yes they don’t want each other to win but
They don’t let anybody else in because they know if they let someone else in changes everything yeah and they looked at that statistically type those type of things and then I also listen to mad money for stock trading I don’t trade much but it’s just nice he’s very good
At giving you the sense of the market and then book I don’t really if you read if you don’t read I don’t really I haven’t read a lot but I I liked Harry Potter so there you go I love Harry Potter that was great but that’s not it’s not really helping it’s more
Entertainment the movies are good um I normally listen to uh the financial advisor success podcast which is a really good one if you haven’t you definitely look into it financial advisor success podcast Michael kits you have to yeah it’s really good but for obviously everybody else uh start St is
Amazing um just like kind of seeing where everybody started and kind of get their mind it’s a good way kind of get have you heard the startup have you heard that podcast yeah I have their suggestions but I never listen it’s cool too cuz it’s like U it’s and me and Danny were
Just talking with Danny was on uh earlier um but he was he was telling um about a little bit about the podcast it’s like the story of him starting his podcast business he’s interviewing people and recording like the pitches and stuff like that it’s pretty cool yeah I mean stuff like that that’s
Entertaining for me um bookwise don’t read lot unless it’s useful for what I’m doing right at that moment um but psychology money was probably something that’s different that’s people don’t really uh haven’t heard of it’s a good idea it’s just kind of put you kind of
The mental aspect of things but um it’s pretty much what I got there cool cool stuff all right well uh before we go you guys um where can they follow you um contact you obviously if anyone wants to work with you guys um you know where can
They they they find you and and kind of get in contact with you yeah uh for me it’s my my Instagram is n Fern very easy uh and and as a Nancy e l and we’ll put it all in there yeah and then um my linked is probably the best page to go
To as well Nel Fernandez and then my cell phon 305 338 6863 for any that wants it no I got a girlfriend well actually if if if they want an they’re already call already call they can text and call all they want that’s fine show like that um
Uh for my it’s uh it’s all on highrise wealth management um Instagram I have some little content there but a lot of the informational stuff you’re can to find is on the LinkedIn Facebook um have different programs consistently grabbing uh different blogs and so forth um my S
And so forth they’ll put it on um uh the other thing I’ll kind of like leave you guys with as well is more of um the advising side right I actually kind of aim more towards the planning side but a lot of people think it’s not the right
Time or it’s not um you know I don’t need to do this stuff like that just sit down I mean a lot of people like us right uh we do charge like planning fees and we have all this stuff but for a quick call and organizing a couple
Things for you we have no issue it’s fun for us right it’s a little thing so um at any stage at any point of your career you’re stting a dollar more than you could have to pay social security Medicare um just call uh we’ll set
Things up um you know we don’t even need to do the investing side just getting the planning stuff just get you organized um you know more than happy just to answer call and stuff like that as well correct correct cool awesome well there you guys have it if you guys
Have any questions in in regards to finances you know obviously you guys can uh hit them up um don’t ask me clearly because I I’m not the guy but um if you guys want a good beer we got Johnny Cuba and that’s that’s where I can help you
Out so cheers boys thanks for jumping on of course appreciate you guys having me cheers guys thank you
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