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Understanding the Power of Money

Understanding the Power of Money

By Amit Chopra
There are a dozen financial podcasts telling you how buying Starbucks coffee is the worst thing in the world. Not this podcast. This is about understanding how powerful money is over our emotions and that emotions are the main culprit of derailing financial plans. This podcast goes into how to use those emotions through stories from my own life, and my clients lives to help guide you along.
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The American Rescue Plan, what's in it, and how it impacts you!

Understanding the Power of Money

The American Rescue Plan, what's in it, and how it impacts you!

Understanding the Power of Money

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The American Rescue Plan, what's in it, and how it impacts you!
The American Rescue Plan or "stimmy" if you're under the age of 30 has passed, and checks are hitting American's bank accounts as we speak. What else is in the plan, and how does it impact you?  GET OUR FREE BUDGET TEMPLATE Make an Appointment to speak with Amit Chopra  AMERICAN RESCUE PLAN SUMMARY BREAKDOWN AMERICAN RESCUE PLAN FULL TEXT IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
21:51
March 22, 2021
Backdoor Roth IRA conversion and how you can benefit from it
How do I create a retirement account that will grow tax free if I am already using my company 401K. The backdoor Roth IRA conversion is the answer, but for some reason so few people use it. Learn how in this episode of Understanding the Power of Money. GET OUR FREE BUDGET TEMPLATE Make an Appointment to speak with Amit Chopra  IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
11:25
February 17, 2021
What the heck is a short squeeze and how does it impact me?
What is going on right now on Wall Street? What is a short squeeze, why does anyone want to buy Gamestop and am I missing the boat? All questions you might be asking yourself right now, I answer them for you right here! GET OUR FREE BUDGET TEMPLATE Make an Appointment to speak with Amit Chopra  IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
19:04
January 29, 2021
Help, my taxes are going up..... WHAT DO I DO?!
We explored the Biden/Harris tax plan last time, not lets look at how to be as tax efficient as possible so we can keep more in our pocket, and send less to the government.  GET OUR FREE BUDGET TEMPLATE https://docs.google.com/forms/d/e/1FAIpQLScs7BJV3zeuu0v-_9k_2n5rysWf-pTYJ1Lj97MQs9lB455XIQ/viewform IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
12:08
January 25, 2021
Are my taxes going up?
What does the Joe Biden tax plan look like? How will it impact me? Lets take 15 minutes to break down the key points of the Biden/Harris Tax Proposal and see how it impacts all of us! GET OUR FREE BUDGET TEMPLATE https://docs.google.com/forms/d/e/1FAIpQLScs7BJV3zeuu0v-_9k_2n5rysWf-pTYJ1Lj97MQs9lB455XIQ/viewform IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
12:59
January 11, 2021
Understanding The Power of Money - Did you win 2020?
Did you win 2020? Don't let the talk of others push you to think you missed the boat, or you need to change your plan. Did you win 2020? Before you answer, what does winning mean? When it comes to your financial plan it doesn't mean getting rich overnight. Listen and find out HOW you win 2020 and ask yourself if you did! GET OUR FREE BUDGET TEMPLATE https://docs.google.com/forms/d/e/1FAIpQLScs7BJV3zeuu0v-_9k_2n5rysWf-pTYJ1Lj97MQs9lB455XIQ/viewform IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
10:28
December 28, 2020
Understanding the Power of Money - What Money REALLY Buys You
Money doesn't buy you happiness, but it certainly buys you freedom! Freedom to control your time and that is the true reason to build wealth. Cars and fancy stuff don't matter without the freedom to control how you spend your time, with whom, and for how long.  GET OUR FREE BUDGET TEMPLATE https://docs.google.com/forms/d/e/1FAIpQLScs7BJV3zeuu0v-_9k_2n5rysWf-pTYJ1Lj97MQs9lB455XIQ/viewform IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
08:21
December 14, 2020
Understanding the Power of Money Episode 3 - What are the biggest risks we all face over the next 4 years?
Understanding the Power of Money Episode 3 - What are the biggest risks we all face over the next 4 years? The election is all but over, and we are going to have a new President on January 20th, 2021. With change comes new risk, so what are the biggest risks we all face over the next 4 years? GET OUR FREE BUDGET TEMPLATE https://docs.google.com/forms/d/e/1FAIpQLScs7BJV3zeuu0v-_9k_2n5rysWf-pTYJ1Lj97MQs9lB455XIQ/viewform IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
08:51
November 30, 2020
Understanding the Power of Money - Discipline = Freedom
Understanding the Power of Money Episode 2 - Discipline = Freedom  Discipline is what lets you achieve your goals, and its no different for building wealth and personal finance. I don't just preach it, I live it in my own day to day life. Find out how, and how I use it for my clients in this episode of Understanding the Power of Money  GET OUR FREE BUDGET TEMPLATE https://docs.google.com/forms/d/e/1FAIpQLScs7BJV3zeuu0v-_9k_2n5rysWf-pTYJ1Lj97MQs9lB455XIQ/viewform IMPORTANT NOTICE AND DISCLOSURE   The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately.  Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.     Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
10:06
November 16, 2020
Understanding the Power of Money - My Story
Understanding the Power of Money - Episode 1 - My Story  Do you think other people's money habits are nuts?  Ever judge a family member for their crazy idiosyncrasies when it comes to money? Me to! Lets me show you just how powerful money is, and how it plays a different psychological game with all of us! Todays episode is about my story of how I began to understand the power of money, and how it shaped my life and career.  GET OUR FREE BUDGET TEMPLATE IMPORTANT NOTICE AND DISCLOSURE  The information and material contained in this communication is confidential and intended for the recipient addressee named.  If you are not the intended recipient please delete the message and notify the sender immediately. Advisors Capital Management, LLC is an Investment Adviser registered with the Securities and Exchange Commission. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. As a precautionary measure, we cannot rely on e-mail requests to authorize, direct or effect the purchase or sale of any security, wire transfer, or to affect any other transactions.  Such requests, orders, or other instructions sent by email should be confirmed verbally, or by written instructions faxed to 201-857-4099 prior to their anticipated execution.  We are unable to ensure email sent to you from us, or sent from you to us will be received. Please contact us at 845-652-3449 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Advisors Capital Management, LLC with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.   Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author(s) and not necessarily those of Advisors Capital Management or its affiliates. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. These materials are provided for informational purposes only and should not be used or construed as a recommendation of any security, sector, or investment strategy. Advisors Capital Management does not provide legal or tax advice and the information provided herein is general in nature and should not be considered legal or tax advice. Past performance and dividend rates are historical and do not guarantee future results.  Investing involves risk, including risk of loss. Diversification does not ensure a profit or guarantee against a loss.
09:26
November 2, 2020