E26 – Stephen Rischall from 1080 Financial Group

Connect with Our Guest

Subscribe to Chain of Wealth

Join 40,515Monthly Listeners

Subscribe to Chain of Wealth

Join 40,515Monthly Listeners

Pro Tip: Timestamps below are clickable. Click on the time below in the brackets and the audio will start playing at that part of the show.

Today we are talking to Stephen Rischall from聽1080 Financial Group. Stephen began learning to invest at the age of thirteen.

In college, he helped manage the University Corporation Student Investment Fund while starting his career in financial services.

Stephen is an award winning financial adviser and has been featured in the Wall Street Journal, Los Angeles Times and Investment News.

Welcome, Stephen!
[3:11]聽Tell us a little about yourself.
路聽聽聽聽聽聽 Dad would tell stories about investing
路聽聽聽聽聽聽 Started investing in cool companies at a young age

[4:30]聽Have you made any financial mistakes?
路聽聽聽聽聽聽 Over confident in investing strategy
路聽聽聽聽聽聽 Spent money on silly things

[6:1]聽Let鈥檚 talk about 1080 Financial. Where did the idea come from?
路聽聽聽聽聽聽 Mom was victim to fraud
路聽聽聽聽聽聽 Wanted to help people

[9:1]聽What was the biggest struggle about starting out?
路聽聽聽聽聽聽 Taking the first leap
路聽聽聽聽聽聽 Establishing relationships
路聽聽聽聽聽聽 Trust is very important
[9:59]聽What is the most common money misconception your clients have?
路聽聽聽聽聽聽 It鈥檚 not how much money you make, rather how you save it and spend it
路聽聽聽聽聽聽 鈥淪ome day鈥 syndrome
[11:5]聽What services do you offer at 1080 Financial?
路聽聽聽聽聽聽 Make financial decisions in customer鈥檚 best interest
o聽聽 Employee benefits
o聽聽 Making budgets
o聽聽 Investment portfolios

[12:37]聽How much do your services cost?
路聽聽聽聽聽聽 No such thing as free investing

路聽聽聽聽聽聽 2 ways of compensation
o聽聽 Flat dollar amount (subscription based)
o聽聽 Flat percentage (highest fee- 1% annually)
[15:19]聽What is the average age range that you work with?
路聽聽聽聽聽聽 All ages
路聽聽聽聽聽聽 About 30% are young professionals and families

[16:24]聽What advice do you have for people who are starting to save a little later in their life?
路聽聽聽聽聽聽 Stop making excuses
路聽聽聽聽聽聽 Double down on savings


[15:56]Chain of Wealth聽鈥 Are you deciding whether or not you want to rent your house out? Check out our guide on becoming an聽airbnb host聽and see how much money you can make.

If you鈥檙e enjoying this podcast, don鈥檛 forget to subscribe, rate and review!

Value Link Round

[18:14]聽Why do you think that people fail at achieving their dreams?
路聽聽聽聽聽聽 Treat them like dreams
路聽聽聽聽聽聽 Make SMART goals

[19:28]聽What other books or podcasts do you recommend?
路聽聽聽聽聽聽 Book:聽Thinking fast and slow,聽Ice Cream Maker
路聽聽聽聽聽聽 Podcasts:聽The entrepreneurs,聽the Pitch

[20:20]聽What is the best advice that someone has given you?
路聽聽聽聽聽聽 Life isn鈥檛 fair. Tough. Deal with it.

[21:6]聽What is your favorite quote?
路聽聽聽聽聽聽 Were all sitting in the shade of a tree today, because someone planted the seed a long time ago- Warren Buffet

[21:45]聽How can listeners get in touch with you?
路聽聽聽聽聽聽聽Reply to ALL messages
路聽聽聽聽聽聽聽Facebook Friday 12:30 PT Live question/answer

[22:25]聽Any last advice?
路聽聽聽聽聽聽 There is always room for improvement.

Enjoying Our Podcast?

We have over 150 episodes to listen to! Join over 2,167 daily listeners that pursue financial freedom.

By entering your email, you agree to our聽Terms of Service聽and聽Privacy Policy.

Other Podcasts

E150 – Damion Lupo of Qualified Retirement Plan

Damion Lupo is the author of many books but we are going to talk mostly about his book called The QRP book today. Damion has actually appeared on the show before, where he has talked about how he went from being a multi-millionaire to being broke and building his net worth back up again.

Listen 禄

E126 – QuantmRE with Matthew Sullivan

Matthew Sullivan is the CEO and Founder of QuantmRE, a cryptocurrency startup that supports homeowners by helping them sell a fraction of the equity in their home without taking on more debt. A seasoned entrepreneur, Matthew has a proven track record in real estate innovation through his experiences as Co-Founder of the $50M Secured Real Estate Income Strategies Fund, and as Founder and President of Crowdventure.com, a real estate crowdfunding company.

Listen 禄

E122- Mike from MikedUpBlog.com

Mike is a 30-something CEO, Blogger, and Forensic Scientist. On his blog, mikedupblog.com, he writes about financial insights for Family & Business, and gives fitness tips for everyone. Mike has a ton of financial pillars for millennials and we鈥檒l be picking his brain!

Listen 禄

E120- Hoda Mehr from StockCard.io

Hoda Mehr is the co-founder and CEO of StockCard.io. She started Stock Card about a year ago to enable the new generation of stock market investors to make fact-based investment decisions without time-consuming research. She believes the old market wisdom that individual people should not invest in individual stocks. And it鈥檚 a thing of the past and she鈥檚 trying to equip a new wave of investors with the tools they need to succeed.

Listen 禄
About the Podcast
Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

Share On
Share on facebook
Share on twitter
Share on linkedin

Leave a Reply

Your email address will not be published. Required fields are marked *