In today's COVID-19 world health crisis, how do Pennsylvania Capital Management's 8 key principles help their clients succeed? Irvin and Mark Steinke dive into each principle addressing the steps PCM takes to partner with clients during life-changing events. Highlights: Today’s coronavirus world health crisis - 0:25 Eight key principles for financial success - 1:19 Creating solutions for families - 2:15 The fear of coronavirus - 2:28 Recommendations to stop the spread of coronavirus - 3:09 Clients’ concerns - 3:50 PCM takes the clients’ concerns personally - 4:48 Working from home - 5:43 Is the media excessive presenting the number of cases? - 6:20 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Reinvent Rich with Irvin Schorsch

The World Health Crisis and the Principles Needed to Resolve It

The wealth management industry has evolved over the past 25 years. Handling a client's financial affairs is no longer just enough. Client's struggle on how to get the right advice to overcome the hurdles that they don't know how to face. Mark Steinke sits down with Irvin to discuss the robust professional network of corporate partners PCM has designed to bring value and solutions to their clients' lives. Stay tuned! Highlights: What’s changed over the last 25 years - 0:36 PCM's partners - 2:12 Letting the clients define what they need - 2:43 Helping clients to buy and sell business - 3:38 Addressing the client's needs  - 4:02 Trying the services first - 6:10 Ensuring quality for the clients - 8:00 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

The PCM Professional Network

Given all the turbulence the Coronavirus has caused to the stock market, there is a "light at the end of your financial tunnel." Irvin and Mark Steinke discuss the positive outcomes of this global event and how investors can use this opportunity to improve their financial well being. Stay tuned and enjoy! Highlights: The Coronavirus situation - 0:27 Coronavirus world impact - 1:22 Lower rates - 2:41 The impact of Coronavirus in your finances - 3:52 Financial positives of the spread of Coronavirus - 5:11 The mortgage rates are low today - 5:56 Take advantage of the mortgage rates - 6:47 Overcoming the fear - 7:17 Buy when the opportunity arises - 7:52 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

What are the Financial Positives of the Spread of the Coronavirus?

Given the recent volatility in the stock market, Chris and Andrew discuss why it's best to have a game plan and play the "long game" when it comes to investing. In addition, they cover some smart money techniques for investing in turbulent markets. Enjoy! Highlights: What is happening in the markets? - 0:27 The recovery market process - 2:19 Selling and buying stocks - 5:33 The volatility of the markets in the past weeks - 6:37 Investing in the markets - 9:55 Pieces of advices for people that buy and sell stocks in the market - 13:15 Revisiting your asset allocation - 14:42 Talking about mutual funds - 15:52 A global pandemic happening - 17:43 What to do when there are volatility moments - 18:39 Individual stocks to fall in love with - 19:23 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Market Volatility... Riding the Wave!

Why would a company want to partner with Pennsylvania Capital Management? Mark Steinke and Irvin discuss the vast professional network of corporate partners that PCM has to offer their clients to create context and provide value. Enjoy! Highlights: Services that PCM offers - 0:33 Partnering with PCM - 0:51 Developing a professional network - 2:07 Why sign up with PCM - 2:31 Listening between the lines to know what the clients need - 2:51 Creating a context for clients - 3:24 Categories of partners that fit with PCM - 4:39 Potential partners for PCM - 7:05 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Why Partner with PCM?

Business owners want more control over their lives and the ability to take back precious time to spend with their families. Mark Steinke sits down with Irvin to study how business owners can take this first step starting with investment management. Investing money has become a commodity. The true game-changer is the investment advice business owners are receiving to plan a "bigger future" for their families. Stay tuned and enjoy this episode! Highlights: A question about business owners - 0:25 PCM as a unique tool for clients - 1:18 Providing satisfying results - 1:36 What can business owners do? - 2:41 Challenging business owners - 3:15 Anticipating pitfalls in a company - 3:32 Developing successful habits - 3:45 At PCM, teaching business owners for financial success - 4:09 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

How Can Business Owners Take Back Their Time?

With interest rates at historic all-time lows, Chris and Andrew delve into the reasons why refinancing your mortgage may be ideal given your personal financial situation. Be sure to stay tuned and enjoy this episode! Highlights: Interests rates falling - 0:26 Refinancing your mortgage - 0:36 Happy Super Tuesday! - 1:05 Why to refinance your mortgage - 3:39 Playing with your mortgage payment - 5:05 Justify why do you want to refinance your mortgage? -  8:13 Low rates and refinancing - 10:15 Reach out to your tax advisor - 10:47 Be aware of your emergency fund - 12:53 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Reasons to "Refi” Your Mortgage

Chris and Andrew discuss the record number of 401K millionaires observed in Fidelity's 2019 retirement plan study as well as uncover the startling facts about the baby boomer generation being underfunded for retirement. They further talk about the steps needed to reverse this perilous situation that can help investors bolster their savings from retirement. Finally, Chris and Andrew take an in-depth look on "buying the dip" vs dollar-cost averaging into the stock market. Stay tuned and enjoy! Highlights: An article about 401K millionaires - 0:33 Retirement accounts with a million dollars in each one - 1:16 Using the 401K plans - 3:33 Good news - 4:36 Working with clients to provide them comfort and confidence - 6:13 The importance of saving more - 9:12 It's a good opportunity to buy stocks - 11:42 The value of anticipating your pitfalls - 16:15   Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Who Wants to be a 401K Millionaire?

The increasing epidemic of Coronavirus is affecting the world in multiple ways. Chris, who is a new member of the PCM family and a financial planner, talks with Andrew about the financial matters related to the Coronavirus. Stay tuned! Highlights: A new team member at the PCM family - 0:23 Chris: a certified financial planner at PCM - 0:38 What happened in the market this week? - 1:08 The increasing epidemic in China and some statistics - 1:49 The Coronavirus impacting the market - 2:32 China is going to be affected economically - 3:27 How the market is affected - 5:18 Chin's market, imports, and exports - 6:51 What's the Secure Act? - 9:30 What are multiple employer plans? - 10:40 Diving into the IRA - 15:10 Looking inside a 401(K) - 20:16 Explaining more of the Secure Act - 20:47 Strategies that you could take into account for the future - 23:32 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Navigating the Secure Act

Irvin will talk about one of the eight principles for financial success. He created these eight principles to help his clients, and today he will explain one of those principles in particular: listening between the lines. Stay tuned and learn all about this principle. Highlights: The eight principles for financial success - 0:44 What is listening between the lines? -1:05 The idea of looking forward - 1:34 A client example to explain the principle for financial success - 2:43 Dealing with life-changing events - 4:18 PCM gives you solutions when you are struggling with your finances - 5:13 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Listening Between the Lines

Financial expert Irvin Schorsch talks with the director of ExPress Education, David Geistwite. They talk about life after retirement and how it is the beginning of a new chapter. Listen to this episode and learn about what you can do after retirement. Enjoy!   Highlights: Teaching financial professions - 1:51 The retirement process - 2:52 Having another step in life - 4:17 David's example about a client's retirement - 4:49 Worrying about after retirement - 5:47 Having more time to do things that you always wanted to do - 10:01 You do not stop in retirement - 11:50 Continuing to be active in life - 13:14 Reinvent your own - 15:55   Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Life Does Not Stop At 65... It's the Opening of a New Chapter!

Welcome to the Reinvent Rich Podcast! At PCM we have several clients that are doctors, who have deep knowledge in many areas. Today, Irvin will talk about how it is to work with doctors in the financial area and how their expertise adds a new dynamic. Highlights: Planning for the future - 1:12 Maximizing pension plans - 1:31 The main principle that Irvin uses at PCM - 2:28 Creating the context - 2:48 Doctors make a difference - 3:23 Doctors and the financial world - 3:47   Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Doctors... an Inch Wide and a Mile Deep

This can be a daunting question if you’re not prepared for retirement. Irvin talks with David Schloss, Human Resources Leader and Employment Attorney Principal at DMS HR Consulting, LLC. They discuss retirement and what it really means and how you can enjoy this next phase of life. Enjoy! Highlights: What retirement means - 0:52 Redefining what retirement means - 1:21 When you can be ready to retire - 1:51 David as a Human Resources Professional - 3:51 What are Human Resources? - 5:25 Waiting for the right opportunities in your career - 6:37 Being an attorney and having different jobs - 7:04 Differences between companies - 10:00 Great things about being in a small company - 11:51 Are you considering retirement? What happens next? - 12:23 Reinventing life after retirement - 13:09 Is it scary not having a full-time job? - 14:30 Having more family time - 17:40 It’s not having to give up your career - 19:20 Working as an attorney for some companies - 20:24 Thinking about retirement in a traditional sense - 22:58 Bringing value to clients - 26:41 It is not enough to be yourself, it's about selling - 28:16 Life is different when you're a consultant - 29:39 David's success definition - 30:47 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

What Comes Next After Retirement? with David Schloss

Learn how Pennsylvania Capital Management is unique in their industry and how Irvin works with his clients in a very unique different way. He provides solutions and guidance to clients' life-changing events. In today's episode, Irvin will explain how he helps all his clients! Highlights: Uniquely working with clients - 0:42 What PCM offers for clients - 1:12 Negotiating cars for clients - 1:31 Giving guidance to clients during the negotiation - 2:24 Good deals for clients - 2:59 How PCM helps clients with their car deals - 3:40 Reducing the financial stress - 4:13 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Life Changing Events - Car Negotiation

Over the last years, PCM has been working with several doctors. Why are doctors so focused on keeping their money safe? Irvin will dive into the various reasons and solutions, so stay tuned and enjoy this podcast.  Highlights: Why are doctors so focused on keeping their money safe? - 0:44 Keeping money away from Uncle Sam - 1:11 Finding aspirations and priorities - 2:19 Eight principles for financial success at PCM - 2:38 Having money for your pension plan - 3:17 What are the seven types of risks? - 3:50 Creating wealth and future - 6:40 When is it beneficial to start talking to Irvin? - 7:53 Time is the most critical issue - 8:58 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

Doctors… How to Manage Risk and Retirement

Reinvent Rich with longtime personal wealth adviser, Irvin Schorsch gives you the inside scoop on how to live a happy, satisfied AND lucrative life. On the podcast he takes a holistic approach to finances by explaining the relationship between money, life satisfaction, and having the financial freedom to follow your passions. We all yearn to be rich - in our bank accounts, in our personal lives, and in our pursuits of happiness. The Reinvent Rich podcast and book will show you the way!

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Reinvent Rich with Irvin Schorsch

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