#100: Stress Free Money
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Welcome to another episode of the Richer Geek. We're happy to have Chad Willardson. He is the President and Founder of Pacific Capital and is a Certified Financial Fiduciary®, Accredited Wealth Management Advisor and Chartered Retirement Planning Counselor. Before founding Pacific Capital, he spent 9 years at Merrill Lynch, where he ranked in the top 2% of over 16,000 Financial Advisors nationally. Chad is the author of the Best Selling Book: Stress Free Money: Overcome These Seven Obstacles to Find Financial Freedom.
Chad is passionate about financial education and believes that with the right tools and resources, people can be empowered to make smart money decisions. He loves to help people organize their financial life, clarify their goals, and make decisions that lead them to a successful and fulfilling life. A native of Orange County, CA, Chad and his wife of 17 years live in Corona with their five children.
In this episode, we’re discussing…
[3:17] Why is important for kids to learn about money and learn to be a little smarter and littler bit less spoiled
[5:06] What really means financial freedom
[7:23] The mindset change you need to get into that freedom sooner if possible
[9:21] How he teaches people what is a concentration that builds wealth, investment, and diversification
[10:57] Advice on how to spread the risk and have a variety of investments
[12:23] Some of the top mistakes that people make
[18:06] The advantage of a fiduciary as an advisor and be aware of fake fiduciaries
[25:55] Warnings about investing
[29:39] About his second book, “Smart, not spoiled” The seven money skills kids must master before leaving the nest.
Chad Top Tip’s
“The school system doesn't teach kids frankly, most of us parents aren't very good at it either. So, what I really tried to do with smart, not spoiled was give basically like a resource guide of insights, stories, and activities, both from my own life and from clients and friends of like, here are some ideas of ways you can really help your kids learn about money and learn to be a little smarter and a little less spoiled”
“Financial freedom, to me, means the absence of worry and stress about money. It's not really a number, I think people get too caught up in how much do I have, then they say I want to have $1 million by this age, or 5 million, or 10 million, or whatever the number is. But really, it's more about the absence of stress, and anxiety about your financial life. That's freedom”
“I think the factors I would look at is what's going to change in my spending habits in my lifestyle, you got to account for inflation. Inflation is a big deal. Not to get political. But our government's rate of borrowing and spending is unsustainable for the last 15 to 20 years, but especially the last 10 years. So inflation is a big deal, you've got to plan for everything to get a lot more expensive”.
“I look at each individual client differently based on what their needs are. And so, some of them are in the building phase, and some of them are in the distribution phase. And ideally, we can create seven different sources of income for them before they fully retire. Then some of that might be in their investment portfolio. Some of it might be with a rental property or multiple”.
“I'm not the financial guy that's going to tell you to put all of your money and financial stuff with the financial advisor, because I think that's a very biased opinion, biased advice”.
“We've invested in personal real estate, where it's homes with families renting, we have investments in some apartment buildings, we have investments in some medical complexes actually out in Tennessee, and Georgia, Ohio, places not even close to us. But, it's a way to spread the risk and have a variety of investments. So, you shouldn't only be in the stock market and insurance investments”.
“So, no clear goals mean you really don't know what you want, you're just kind of making investment choices or financial decisions as you go along. But you don't really have a specific goal in mind. To me is the biggest mistake, because it's that famous quote that says, you can't hit a target you can't see, and you can't see a target you don't have”
“I like really mapping out a plan and seeing someone get better. I'm the kind of person that loves those before and after pictures of the people who like to lose a ton of weight and get fit. I love seeing that it gets me excited. So, I want that same result for the financial lives of the clients, I help, and when I felt like the banks were pushing too much for their own good, I had to leave. And that's why I left in 2011 and became a fiduciary”
“On the flip side, I see people with significant amounts of money just sitting in cash at the bank. They're not taking enough risks. And what I will say is, in this day, when our government is printing and spending, you cannot be saved, you cannot be sitting with money on the sidelines. So, inflation is breaking 10 15 years records right now”.
Resources from Chad
Pacific Capital | Twitter | LinkedIn | Stress Free Money book
+ Read the transcript
Mike Stohler
What if you could be doing something smarter with your money that creates income. Now, if you're wanting to get ahead financially, and enjoy greater freedom of choice, if you want a comfortable retirement, and you know you'll have more choices, if you can do more with your money. Now, if you've wondered who else is creating ways to make their money work for them, and you want actionable ideas, with honest pros and cons, and no fluff. Welcome to the richer geek podcast. We're here helping people find creative ways to build wealth and financial freedom. I'm Mike Stohler, and in this podcast, you'll hear from others who are already doing these things, and learn how you can too.
Welcome back to another episode of the richer geek. We're happy to have Chad Willardson on how you doing Chad?
Chad Willardson
I'm doing great. Thanks for having me.
Mike Stohler
Absolutely, uh, Chad is the founder and president of Pacific capital. And it is a fiduciary wealth advisory firm in Cali. And he's done a lot of things, you know, a couple books we're going to get into and we're going to talk about financial freedom and, and some of the differences between why he chose to be a fiduciary and not, you know, regular financial advisor. But first off, Chad, you know, tell me about yourself. I see BYU on here. That's a good Yeah, I know sports. So I'm going to BYU just good. Good school.
Chad Willardson
Yeah, yeah. We just had a quarterback drafted second in the NFL kind of cool. Yeah. A little bit about my background. I grew up here in Southern California. And I, I'm a big sports guy. My family is all sports. So my uncle played at USC and then went to the NFL for 12 years on the Vikings. So my family, mostly those basketball, volleyball, so I'd say basketball, volleyball, and football, and surfing. But sport, for sure. We love the beach out here in Southern California. But we we get out to the cold parts of the country and ski sometimes. I'm married 20 years now. So just celebrated 20 year anniversary, and we've got five kids. And I'm an entrepreneur. I'm an entrepreneur first at heart. My primary business, like you said, is fiduciary wealth manager for entrepreneurs, and high income executives and their families and companies Pacific capital. I wrote two books, one of them comes out actually in two weeks from today, September 14. first book is called stress free money. And the second book is called Smart not spoiled. So a little bit of a insights on how to teach kids about money and not to be entitled and to really be smart with money. So I know that's a hot topic today.
Mike Stohler
It is I'm people you can't see. But I kind of chuckled and giggled when teaching kids not to be entitled you know it that is it's such a hot topic today.
Chad Willardson
It's important to me as a father of five and also as a financial guy, because I've read the studies in preparing and writing that book. And it was like over 70% of adults in America feel that their children are somewhat spoiled or entitled. And so when I talk about why, and what is it about these kids these days, that makes them expect so much more than and a lot of it comes down to they don't have an appreciation of money. They don't know the value of money. And no one's ever taught them. The school system doesn't teach him. school system doesn't teach him and frankly, most of us parents aren't very good at it either. So what I really tried to do with smart, not spoiled was give basically like a resource guide of insights, stories and activities, both from my own life and from clients and friends of like, here's some ideas of ways you can really help your kids learn about money and learn to be a little more smart and a little less spoiled.
Mike Stohler
Yeah, and man, is that important. Yeah. And not only for the kids, but even for our generation. It's you know, we kind of especially those that have an entrepreneur bent, you know, our Well, my parents Yeah, I'm talking about basketball. I went to bobby knight University. Oh, that's awesome. So I graduated Indiana University. My first onesy when I was born was a little IU outfit and there's two things I knew when dinner wasn't when an IU basketball game was things that matter when I was a kid. But, you know, in, in teaching these kids financial freedom, you know What does that really mean? You know, when we dive into it,
Chad Willardson
Financial freedom, to me, means the absence of worry and stress about money. It's not really a number, I think people get too caught up on how much do I have, then they say, Well, I want to have $1 million by this age, or 5 million, or 10 million, or whatever the number is. But really, it's more about the absence of stress, and anxiety about your financial life. That's freedom. And perhaps you might say, it's the absence of dependence on a particular job for income, like I don't need a paycheck anymore, I don't need to clock in from eight to five, because I'm financially free, because I've gotten investments that pay passive income, that provide for my entire lifestyle, so I don't have to go to work if I don't want to. So a lot of people, we help them plan for that moment. I prefer to help people plan for financial freedom, not retirement at a certain age. So it's not about, well, when I'm 67, I don't have to go to work anymore. It's more like, you know what, I need this much passive income cash flow per month, to really be comfortable to travel to do whatever I love to do. Alright, let's plan for that. Let's invest for that. Rather than just picking an age and waiting, waiting out our time, essentially, to putting in our time until we get to that magical birthday, let's just figure out a plan to get there sooner if possible.
Mike Stohler
Yeah, and you know, something that some of my mentors have taught me is kind of changing the mindset of, well, I need x minute, millions of dollars. And they said, Well, do you because when you retire, do you need this exact same lifestyle? Are you going to need two cars? Are you going to need this? There are some expenses that you're not going to have? And there are some things that you could kind of simplify once you do retire? Is that something that you you also kind of get into kind of saying that, you know, this is your plan now? And this is your lifestyle? Now? Is it going to change? You know, do you talk about that type of thing, kind of change the mindset? A little bit?
Chad Willardson
Yes. And I would say the caveat is maybe there's some expenses that weren't there before. So I think people typically if they stop working in their 60s, they spend a lot more money during that decade, because they're getting out all their, they feel like they were restricted for so long, and their job or whatever. And now it's like I want to travel, I want to do all the fun things. If they're married, they say I want to do all the things with my spouse I can do because I was working. And it's it's a really gogo phase of life. And maybe in their 70s and 80s, it's more of a slow go. And then the 80s and 90s, it's more of a no go. So you're not spending as much, but maybe you're spending more on health care at that point in your life. So I think the factors I would look at is what's going to change in my spending habits in my lifestyle, you got to account for inflation. Inflation is a big deal. Not to get political. But our government's rate of borrowing and spending is unsustainable the last 15 to 20 years, but especially the last 10 years. So inflation is a big deal, you've got to plan for everything to get a lot more expensive. I think there are many, many factors that go into preparing for a successful next transition phase once you're done with work. So that will look different for each family. I've planned, I've literally planned for somebody cashflow, to be $150,000 of spending a month for this couple, which was crazy, because it's the highest number I've ever had to plan for. And then I've got another guy who's embarrassed about his overspending since his wife died. And he spends 1800 a month in Southern California. And he's embarrassed and he's ashamed. And he says my wife would be so unsatisfied with all the golf I'm doing and all this stuff. And I'm like, he spends less than most people are spending on their, you know, on their rent out here. So yeah, it really varies. It's it really varies and depends on the situation, I would say.
Mike Stohler
And you probably do a mixture. What kind of diversification Are you looking at with them? When you get into your 60s or 70s? Is it more of something that will just give them money? Or is it you know, or, you know, I'm sure instead of once you start looking at people that are getting a little more up in age you go from something a little more conservative instead of risky,
Chad Willardson
Potentially. Yeah, the phrase I like to teach people with is that concentration Investment concentration builds wealth, and investment. Diversification preserves wealth. And so I'm personally responsible right now for managing about $830 million for other people. And that's on my shoulders, and it's a burden. But I look at each individual client differently based on what their needs are. And so some of them are in the building phase, and some of them are in the distribution phase. And ideally, we can create seven different sources of income for them before they fully retire. Then some of that might be in their investment portfolio. Some of it might be with a rental property or or multiple. There's, there's a lot of different variety of options for us to look at. But I talked about it in the first book, stress free money. I'd love to see you have seven sources of income before you completely throw in the towel at work.
Mike Stohler
Yeah, yeah, I do think very important. You know, I have a lot of not a lot. I've had financial advisors, fiduciaries that will say, you know, everything is stock market based or everything is insurance based. But you know, it's like, you know, there needs to be that's it, that's not really diversifying that much in a bond is not a diversification from a mutual fund and the stock market, and maybe a whole life insurance policy. You know, those are extremely important, but I love that you said, Get some people into maybe rental portfolios. Yeah, you know, yeah, I asked him because
Chad Willardson
I'm not the financial guy that's going to tell you to put all of your money and financial stuff with the financial advisor, because I think that's, that's very biased opinion, biased advice. I'm, I, myself and my wife, we invest in real estate. We've invested in personal real estate, where it's homes with families renting, we have investments in some apartment buildings, we have investments in some medical complexes actually out in Tennessee, and Georgia, Ohio, places not even close to us. But it just it's, it's a way to spread the risk and have a variety of investments. So you shouldn't only be in stock market and insurance investments.
Mike Stohler
Yeah, that's that's great advice. Now, what are some of the top mistakes that people make that that you find?
Chad Willardson
Good question. The chapters and stress free money are really the seven primary obstacles that people have to overcome to find financial freedom. I'll touch on a couple of them. I'm just gonna actually literally pull the book out right now. The I think the seven obstacles you face no matter if you're if you make 100,000 difference, there's no difference in the obstacles you'll face. It just might be a different levels. But the first one is no clear goals. So no clear goals means you really don't know what you want, you're just kind of making investment choices or financial decisions as you go along. But you don't really have a specific goal in mind. So that, to me is the biggest mistake, because it's that famous quote that says, You can't hit a target you can't see, and you can't see a target you don't have. So imagine going into the forest, and you've got your bow and arrow, and you want to practice a target range for archery, but you have no targets. I mean, you're just you're shooting into the wind. And that's what people do financially, they just kind of shoot into the wind. So really, you've got to determine financial goals and I like to ask people to add the phrase, so that to help determine the purpose behind your money and behind your goals. So if you say, I want to have 10,000 in passive income from rental properties, I want you to tell me so that what well so that I could help pay for my mom's medical expenses because I know that it's she's gonna be in a home and have nursing care and I'm, that's really the goal behind these rental properties. Okay, great. Now you have a purpose behind your goals. And when you have a purpose behind your goals, you're going to be a lot more motivated to make things happen. You're going to be a lot more driven to really put a strategy in place to succeed. So the first problem I see people having and the mistake is they don't have clear goals. They have a hodgepodge of financial collected items along their way. They've got some life insurance, they've got some IRAs, they've got some stocks that they bought. They've got just random stuff all thrown together, but it's not coordinated. It's not working towards your goals. It's just kind of a collect a bag of rocks that you've collected along the way. Does that make sense? It does.
Mike Stohler
Yeah, that's perfect.
Chad Willardson
Another one I put is, is biased advice from financial salespeople? Well, that's one of the chapters, I kind of hit it head on. I spent nine years at Merrill Lynch, I learned a lot made some good friends, it was eye opening to me to be on that side of the curtain in Wall Street and just see the, the focus on profits for the bank and profits for the big corporation versus what's in the best interest of the people. And from the very beginning, I've got I got into this business, because I enjoy helping people. And I know a lot of people say that that sounds like lip service, but I like seeing the progress, I like really mapping out a plan and seeing someone get better. I'm the kind of person that loves those before and after pictures of the people who like lose a ton of weight and get fit. Like I love seeing that it gets me excited. So I want that same result for the financial lives of the clients, I help. And when I felt like the banks were pushing too much for their own good, I had to leave. And that's why I left in 2011 and became a fiduciary. So I think incentives and conflicts of interest and biases are so widespread in my industry, that there's a lot of distrust. And it's unfortunate. I just wish that people would be more transparent, and financial advice, we turn a lot of clients away, and I'll tell them, You don't really need us, I don't think you need a financial advisor, here's just a couple things I would suggest you do, or will do a financial plan for someone and they want us to invest their funds. And I say, you know what, let us just give you guidance, because you paid for financial planning. But we're not going to charge you the 1% fee and manage your investments for you. Because really, it's it's too simple of a case. And you don't need to have a financial advisor investing your money for you. And so I'd rather do the right thing and believe karma will come back then, then just basically gather every possible person as a client that I can. And I think that's helped us in the long run to attract a lot of growth because we tell people the truth, regardless if it helps us or not.
Mike Stohler
Yeah, that's, that's very specific, very smart. And it you know, financial advisors have that stigma. And, you know, whether it's no fault of your own, because there are some fantastic people out there. And, and, you know, I had one earlier in my career that insisted that I did something instead of what I wanted. And I found out as well, it's because he got something on the front end and the back end, you know, and and you know it kind of jaded you. And, you know, that's why I love and we should talk about this and that's why you know, I liked the fiduciaries before you go on to a third point. You know, you keep talking about that's why you became a fiduciary. What is the difference between fiduciary?
Chad Willardson
Yeah, a fiduciary is legally bound to always put your interests first ahead of their own even when they lose compensation because of it. The fiduciary is transparent on all costs. On any conflicts of interest. a fiduciary doesn't make money from other sources of the investment process. So no one pays me except our client. It's not like I could ever choose one investment fund over another and make more money. That's not even possible because I am a full fiduciary. There's a lot of fake fiduciaries who they kind of wear two hats. Tony Robbins talks about it in his book unshakable. He says beware of the fake fiduciaries who have two hats, they have the broker dealer hat, or they're a commission salesperson. And then they have a fiduciary hat. And they pretend to have the fiduciary hat on while they're giving commissioned advice for a product that's going to make them you know, a sales commission. So a true fiduciary, there's literally a lot fewer of us than you'd think. And it's less than 4% of the entire industry in the country. So it was a wake up call when I was at Merrill Lynch, we won this huge client, it was like $42 million nonprofit endowment investment account. And it was a six month bidding process and presentations and I was so excited. It's really new in the business, probably 2004. And at the very end, they said they chose us, and I was celebrating and they said, you just need to sign this form that you will serve as our investment fiduciary. And so I took it back to management at Merrill Lynch and they said, We can't sign that. can't sign that we're not fiduciary, that's, you know, we're gonna do our best but we're not allowed to legally sign that. And so I went back and I explained it, and they said, Well, I'm sorry, we're gonna have Go with the second place firm, because we're looking for someone who's totally independent in all the investment advice, and that stuck with me. And so I'm proud to be able to say that now and look people in the eyes and say, You know what, everything we do, there's no conflict of interest. There's no bias, there's no limited menu. And we can we can recommend whatever we believe is best for you. And you can know that we have no strings attached.
Mike Stohler
Yeah, that's that's good. I mean, that's, that's awesome. What some, what's another? Top mistake people?
Chad Willardson
Yeah, another obstacle I put was focusing on the wrong number. So I mentioned it a little bit earlier about how people get caught up in the, I guess the two numbers people focus on they focus on what's the total amount of investment assets I have. If I add up all my financial accounts, what's the total? Okay, that's one number people focused on. Another one is, what was my investment return for last year? Or last quarter? You know, that I make 9.6% that I make 11.5? I make 15. What are the s&p make? You know, that's what people focus on. But the real number you should be focused on is your own cash flow? What is my investment? passive income cash flow versus what are my expenses? So that's the number that really matters. It's not did I beat the benchmark this quarter, it's more like, Okay, my goal is to spend 15,000 a month in retirement. And based on my investments today, everything that I own stock market or not real estate, private business, Social Security, pension, whatever it is, it's like, my passive income will pay for 9000 a month right now. And my goal is 15,000 a month. So what can I do to bridge that gap of 6000 a month. So knowing your cash flow, and getting focused on that number, to me is so much more valuable than just what's the nominal value of my portfolio when I add everything up?
Mike Stohler
Yeah, that's man, you know, that's, that's really good. And you don't get a lot of people saying that, you know, it's great. Great advice. And again, it's all in the book. And it's just, my mind is now I'm going through the calculations in my head. Yeah, which is really good. So let's hit one more, because I have to have one more. I mean, they're just so good.
Chad Willardson
Yes. So one thing I would shoot, I mean, it's hard to pick between the last few, but I'll go with taking on too much risk, or not enough. So what I most often see is that clients come in, and we unearth their goals for them. And they we get them to basically open up about everything in their financial life, and what concerns them what they're excited about. And when we look at how they're treating their money, it usually isn't aligned, it's usually mismatched. And so what I find is, they've either taken too much risk or not enough. And I share stories in the book of, you know, a retired couple, Southern California near San Diego. couple million in retirement accounts. And they've decided to, to get involved in a couple private investment deals a private real estate deal, a private business deal. And unfortunately, they all went sour. The allure of super high returns on those private deals was going to really enhance the retirement. But what they didn't really calculate or measure was the risk if those things went bad. And unfortunately, they all went bad. And it took their retirement lifestyle took a major hit, because the cash flow was no longer being produced that they needed. On the flip side, I see people with significant amounts of money just sitting in cash at the bank. They're not taking enough risks. And what I will say is, in this day, when our government is printing and spending, when they're printing and spending, you cannot be saving, you cannot be sitting with money on the sidelines. So inflation is breaking 10 15 year records right now.
I think our inflation report this summer, short, 5% plus inflation. Interest rates are very low. And so if your money is sitting here earning zero or 0.1%, that money is guaranteed to lose value every single year, you're not taking enough risk, you need to be growing that money. So you may not know the right person to help you invest it or you may not know what to invest in, or you think there's about to be a big recession. So you're going to sit here and say, I gotta wait and time to market and wait till the next big crash because the stock markets high Real Estate's high, so I'm not going to do anything until I see a big recession. And the problem with that is you can't time it.
And so what we tell clients is you got to plant investment seeds. You may not dump the whole bag of seeds out, but you got to start planting seeds because inflation and the current environment means your money needs to grow. And even if you're not going to take income from your investments today, you're going to take income from it in the future, that's the only two reasons you have it. So it's either cash flow out today or cash flow in the future. So if it's cash flow in the future, we're going to grow it. And to grow it, you've got to put it to work, you would never hire a bunch of employees and have them sit on the couch and say, just sit on the couch. And I'll let you know when it's time to work. I don't want you to start work yet just kind of sit there and I'll pay you to sit there but that's what we do with our money. And so taking too much risk, I see that a lot and get rich quick stuff or taking not enough risk. So I would say that that would be one of the obstacles and one of the mistakes I see
Mike Stohler 2 Are any other warnings that you can share about investing
Chad Willardson
I would just say be wary of things that sound too good to be true. I know that seems obvious but nothing is guaranteed and nothing is technically risk free. So if you think about it, the money market rates are basically zero bonds are paying very little, very little income and bonds. So if someone comes to you with a 15 20 30% return opportunity and is overly confident about it, hide your money run for the hills Be careful because it doesn't make sense if if we're in such a low return environment that someone would have extreme secure confidence in something that is they're telling you is very low risk. It's not low risk doesn't mean you can't do it but just be Be careful about the get rich quick schemes and the things that look too good to be true.
Mike Stohler
And don't put your entire nest nest and have something that you know you never know you know the startups or some of these things it but you have to be willing to lose it correct and and not have it hit your financial stress, you know, you're playing that much and that, you know, that's why a lot of us do the accredited investors and we have the 40 or 45 pages of of the risks involved and things like that, you know, when when you look at syndications or you looking at diversifying. Yeah, it's all really good stuff. Now I have to what is, and I'm looking down through your your one page here, co owner of the draft Sports Complex. Again, we're hitting on sports here and I'm like, What is this?
Chad Willardson
It's a different. It's one of my other businesses. Like I said, I'm an entrepreneur. So we opened up a sports facility a few years ago here in Southern California that hosts youth sports and tournaments and travel sports. So it's about a 75,000 square foot building that's got basketball courts, volleyball, courts, cheerleading, training, and weightlifting and things like that. So and then we own the club teams, the Adidas and Nike teams that practice here. So basketball, volleyball, cheerleading, so all five of my kids play sports, and I just really wanted to be in the sports business as well. So that's something that some friends and I started.
Mike Stohler
Yeah, that's very cool. Yeah, we had a lot of when California was locked down. We had a lot of the traveling sports teams. Yes. Here in Arizona. Yep. And it was wild. I have hotels we had two different teams staying at our hotel and they were I think they said four miles apart in San Diego, no way and they had to travel all the way to Chandler, Arizona just to play. We're staying at our hotel. But you know, that's that was where it was good for us and, and and bad for California. Before we go, I Oh my God, I mean, we could spend another hour doing this has been fantastic. The first book, stress free money. That's kind of what we talked about, with the the seven things that you need to look at and some of the mistakes not to make. And your second one that is for children was named which What was it again,
Chad Willardson
Smart, not spoiled. The seven money skills kids must master before leaving the nest. So really, for parents, grandparents, mentors, coaches to really learn and I'd say teenagers would love to read it college kids, but it's to give you the resources, tools and ideas of how to teach kids not to be spoiled, but to be smart with money
Mike Stohler
and Now stress free money is right now it's on Amazon. You can buy a copy there. And the other one is coming and will be also available on Amazon here in a couple weeks. Correct? And how else can people find you?
Chad Willardson
You can follow me on LinkedIn, got about 30,000 followers there and I'm active daily. And you can go to Pacific capital.com sign up for a goals conversation or sign up for the free newsletter.
Mike Stohler
Fantastic. And what I wanted to hit on is people can go to Pacific capital.com and just talk to you have it have a consultation have because I'm sure there's a lot of minds turning right now as they listen to this. Chad. It's been absolutely wonderful. We may have to have you on again just to talk about some of the other stuff left. But thank you very much for spending your time with us at the Richer geek podcast.
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ABOUT CHAD WILLARDSON
Founder and President of PACIFIC CAPITAL, a fiduciary wealth advisory firm in California
Elected City Treasurer, managing a $350 million investment portfolio for the taxpayers
Co-Owner of the Draft Sports Complex Married, Father of five kids
Featured in: The Wall Street Journal, Forbes, Inc., U.S. News & World Report, Entrepreneur
Magazine, NBC News, Yahoo News, Financial Advisor Magazine, CA Business Journal
Author of Amazon #1 Best-Seller "Stress Free Money": Overcome These 7 Obstacles to Find Financial