Show cover of Reinvent Rich with Irvin Schorsch

Reinvent Rich with Irvin Schorsch

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!

Tracks

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

3/20/20 • 07:56

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

3/16/20 • 11:40

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

3/13/20 • 08:56

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

3/10/20 • 21:49

Today is March 10th, 2020. What's going on in the markets? Irvin sits down with Mark Steinke to discuss how the coronavirus pandemic is affecting the markets and most importantly, the world around you.   Highlights: What is happening in the world? - 0:37 The fear about coronavirus - 1:16 How the coronavirus is impacting the market - 2:08 How can you succeed with the spread of the coronavirus - 6:38 Saudi Arabia and Russia oil war - 7:05 How PCM can help families with this unpredictable situation - 8:08 An opportunity to buy for less - 9:10 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

3/10/20 • 10:47

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

3/9/20 • 09:32

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

3/6/20 • 05:18

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

3/3/20 • 14:51

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

2/28/20 • 17:47

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

2/21/20 • 06:29

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

2/21/20 • 28:29

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

2/19/20 • 17:30

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

2/17/20 • 05:40

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

2/14/20 • 05:57

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

2/14/20 • 33:55

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

2/13/20 • 10:26

Anticipating pitfalls is critical to a family's success at PCM. This is the sixth principle for financial success in life, and the concept is about protecting your family and your cash flow with the right success habits. If you want to know more, stay tuned for this episode! Highlights: One of the principles for financial success in life - 0:26 The sixth principle for financial success in life - 0:49 Anticipating pitfalls in life - 1:10 An example of the sixth principle - 1:30 Being patient to find the right buyer - 3:09 The hardest part of serving clients well - 5:00 Providing comfort and confidence to clients - 5:30 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

2/7/20 • 06:47

We are in a new decade, and today, Irvin talks about this election year and the happenings of 2020. He gives us an overall picture of what he thinks 2020 in the financial year could be like and what we should be aware of, so stay tuned and enjoy! Highlights: The election year in EEUU - 0:39 2020 is a very exciting year - 1:00 The fear for many investors - 1:18 The impeachment going on in EEUU - 1:37 The best unemployed rates in the history of America - 2:04 What we should be aware of - 2:36 The philosophy of Pennsylvania Capital Management - 3:33 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

1/31/20 • 04:46

One of Irvin's passions, when he decided to create his company, was wanting to be helpful in families' life-changing events. Irvin shares how he has helped to make a difference and how he brings value to families. Enjoy! Highlights: His passion for helping others - 0:34 Connecting helpfulness with finances - 1:12 Serving each client - 1:42 How he defines his helpfulness - 2:24 Making a difference in people's lives and finances - 3:36 Creating eight principles to help people with their finances - 4:14 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

12/27/19 • 05:21

Irvin Schorsch is the founder and CEO of Pennsylvania Capital Management. Today's episode is about why Irvin started this company in 1995. He explains how he helps people fix the parts of their financial lives that weren't working well. Irvin also tells us that he has to get to know those clients and take each one through a series of evaluations and then develop processes so that as life-changing events come into their lives, they know how to deal with them. If you want to know more, stay tuned until the end and enjoy this episode! Highlights: Helping clients with their life-changing events - 0:36 How Irvin helps his clients - 1:04 What kind of life-changing events he experiences with clients - 1:41 Paying Uncle Sam's taxes? - 3:41 A client's story - 4:28 Using income to fix the family issues - 5:00 An example of one life-changing event - 7:07 The type of activity that Irvin does for his clients - 8:46 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

12/6/19 • 10:01

Irvin sheds some light regarding the financial situation of Boeing stopping their production of the 737. Irvin gives us his viewpoint about the airline industry and about what happened in this situation. Enjoy! Highlights: The financial situation of Boeing - 0:29 What happened with the Boeing? - 1:17 The recent case of Boeing - 1:47 The airline industry - 2:17 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

11/15/19 • 03:20

Irvin started his company 24 years ago and created something called The Eight Principles of Financial Success in Life. Today, he shares why he created those principles and the value of learning. Stay tuned and enjoy this episode! Highlights: Helping families succeed in life - 0:55 What are these eight principles? - 1:13 Understanding all the principles - 1:39 Why Irvin choose those principles - 2:38 The importance of analyzing the options in life - 3:48 Creating alternative solutions - 5:50 Bringing clarity to the child - 8:38 Many families do not measure the results - 10:20 Creating context: The last principle - 11:41 The eight principles of financial success can bring value to families - 13:07 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

10/25/19 • 14:39

Are you struggling to know the difference between bad debt and good debt? In today's episode, Irvin will explain the difference between the two, how bad debt can ruin family life and how to avoid overwhelming feelings to ultimately thrive. Stay tuned and enjoy this episode!   Highlights: Difference between bad debt and good debt - 0:30 Building credit card debt - 1:00 Good debt provides a return to your family - 1:13 Examples of good debt - 1:40 A story about helping a client get out of bad debt - 2:00 Paying off the debt -  4:17 Invest in your future with debt - 5:05 Borrowing as good debt - 6:25 Credit cards can provide a feeling of power for families - 6:29 Your credit record and score - 8:17 Building your credit experience - 8:34 Make your life simple! - 8:55 Balancing debt that fits in a healthy life - 9:31 Success for your family - 11:03   Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

9/27/19 • 12:13

Best-selling author and financial expert, Irvin Schorsch is joined by Frank Cassidy, President & CEO of FX Cassidy & Associates. Frank Cassidy founded Frank Cassidy and Associates and has been working in tax accounting, tax planning, individual financial planning, and compliance services for over 27 years. Along with his experience in individual tax and wealth management, Frank has worked extensively with small businesses and their owners including medical practices, information technology companies, and real estate businesses. Links and Resources: https://www.fxcassidy.com/about-us https://www.facebook.com/FXCassidy/  Highlights: Frank's challenges when it comes to working with clients - 1:15 Tax changes - 1:33 Lower rates - 2:25 The 1031 exchanges and real estate - 3:10 Frank's superpower - 4:22 Service, attendance, and team members - 5:28 Pieces of advice that Frank did not take - 8:07 Having the same clients - 9:33 Looking forward to growing his business - 9:57 An open-minded firm - 11:01 Frank's biggest challenge - 11:20 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher Listen on iHeartRadio

8/26/19 • 12:42

Today’s show is with the first PCM Strategic Partner: Erik Eisen, who is the Founder & President of CTI Technical Services Inc. CTI Technical Services is a computer consulting firm delivering network design, information architecture, and support. Their network engineers have decades of experience designing the best solutions to meet clients' technical needs. Stay tuned and enjoy this episode! Links: https://www.linkedin.com/in/erik-eisen-0420511b/  https://ctiworkplace.com/    Highlights: The challenges clients face - 1:11 What business is doing in a technology perspective - 2:26 Potential risks that clients face -2:48 Protecting a business-data - 3:40 Being a technology-advisor - 4:20 Erik's superpower - 5:18  Figuring out how to solve problems - 5:50 The importance of wanting to grow - 7:18 Being outside the box thinker - 7:57 Knowing a little bit more about Erik - 8:24 The future of CTI - 9:30 Providing technology services and helping clients grow their business - 9:47 In whatever business, get a professional to help you - 10.48 Some company's challenges - 11:20 Wanting to grow and expand their business - 12:28   Reinvent Rich Community: Subscribe with Apple PodcastsFollow on SpotifyListen on StitcherListen on iHeartRadio

7/29/19 • 13:48

Everyone knows it takes a lot of money to raise a child. On today’s episode, you’ll learn how you protect your wealth, take care of your family as well as teach your children about the responsibilities of life.   Highlights: It takes a lot of money to raise a child - 0:34 Spending hours to raise a child - 0:55 Teach your kid about responsibilities in life - 1:14 Strategies about boomerang children - 2:08 How parents should rethink their role when their kids are growing - 4:27 Talking about Reinvent Rich Book - 5:13 Navigating life for themselves at boomerang children - 6:20 Teaching your children to be independent - 6:45 Spend time with your kids - 7:16   Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher

7/12/19 • 08:56

The reality is that there are many ways that scammers and thieves will try to get what's not theirs. In the old days, it was pirates, pickpockets, thieves, and thugs. Today, these villains work behind the scenes, behind the screens to figure out a way to scan their victims out of money. When it comes to our finances, what should we be on the lookout to prevent financial fraud? Highlights: The steps one can do to prevent financial fraud  - 0:56 Irvin’s experience in serving clients when it comes to financial frauds - 2:01 Irvin’s takeaways when the numbers get big in financial fraud - 03:12 The most onerous experience advising clients when it comes to financial fraud - 4:22 A few steps for our listeners to take if financial fraud hits you - 05:47   Reinvent Rich Community: Subscribe with Apple PodcastsFollow on SpotifyListen on Stitcher

7/8/19 • 08:52

Andrew and Irvin talk about how to act when facing financial desperation and when it’s a good idea to call for help. Also, they give us a piece of advice to have a better financial situation, stay tuned and learn more! Highlights: Talking about desperation - 0:29 Dealing with clients - 1:07 Talking about financial stress and financial disaster - 2:07 The Reinvent Rich book by Irvin Schorsch - 2:43 Reducing your spendings - 3:45 Alternative strategies that you can use - 4:19 Be smart and look for ways to have a better financial situation - 4:47 The worst thing that you can do when it comes to your finances  - 5:40 How to reallocate your assets - 6:50 An example of financial desperation - 7:02 A piece of advice from Irvin to have a better financial situation - 8:14 Talking about bankruptcy - 9:29 Focus on a problem at the time - 10:18 Reinvent Rich Community: Subscribe with Apple PodcastsFollow on SpotifyListen on Stitcher

6/3/19 • 12:01

The bestselling author and financial expert, Irvin Schorsch, joins us on this new episode to talk about the beginner's guide to sudden wealth syndrome. Highlights: How the clients view the American dream - 0:27 Discussing the sudden wealth syndrome - 1:08 Buying lottery tickets - 2:16 A financial windfall - 2:52 Emotions and lottery - 3:22 How money can significantly change your mind - 5:38 Quitting your job if you win the lottery - 6:20 Rethinking where your assets are - 7:13 Consulting a professional  - 8:00 Everyone wants to enjoy their windfall - 9:31 Convince yourself that you have to manage your finances - 10:00 The percentage of your windfall - 10:52 Always protect yourself - 11:10 Reinvent Rich Community: Subscribe with Apple Podcasts Follow on Spotify Listen on Stitcher

5/30/19 • 12:30

Having wealth throughout our life brings in so many benefits to our everyday living. Today, Irvin and Andrew dig into why it is so hard for some people to create a financial plan that builds wealth and what are some of the perks we face when trying to accomplish this. Also, stay tuned until the very end to get to listen to Irvin’s TOP 8 recommendations to overcome this difficulty.   Highlights: People don't know the basics of creating wealth - 00:33 The flexibility and safety that wealth gives us - 00:54 Why putting all your money in the bank is NOT the smartest decision - 1:20 The first step you should take to create wealth - 3:32 Maxing out retirement accounts - 6:10 An appropriate emergency fund to have - 7:30 What to do after you have set up an emergency fund - 9:10 The best time to change our asset allocation - 11:20 Inflation's role when planning for retirement - 14:50 When is a good time to get a pro to manage your investments - 16:35 Irvin’s TOP 8 tips to building wealth - 19:10   Reinvent Rich Community: Subscribe with Apple PodcastsFollow on SpotifyListen on Stitcher

5/1/19 • 23:38