Taylor Schulte, CFP®

Define Financial • @Investopedia Top 5 Advisor • Co-Founder @TheAdvisorGC • Stay Wealthy Retirement Podcast

[Taylor Schulte, CFP® @DefineFinancial]

An amazing group of well-deserving advisors being recognized by @Investopedia today. A BIG congrats to all, I'm honored to be included.

👉 Check out the full list: https://t.co/LCNzccXC6t

[Taylor Schulte, CFP® @DefineFinancial]

@coreyhainesco You are a machine.

[Taylor Schulte, CFP® @DefineFinancial]

@CultishCreative @thobbsjourno That was really good—thanks for sharing, Matt. Sharing all my old consoles with the kids has brought back so many memories. My son was like, “You don’t even have to wait for the game to download!” 🤣

[Taylor Schulte, CFP® @DefineFinancial]

@VanceBarse @cullenroche

[Cullen Roche @cullenroche]

Oil is a global commodity.

U.S. oil companies can sell their oil to anyone in the world and they won't sell it to a local refinery for $70 if a buyer in Europe or Asia is willing to pay $100 because of a Middle East shortage.

You aren't paying more because the U.S. is running out of gas; you're paying more because U.S. oil is part of a global auction, and the auction just got a lot more expensive because of the war.

The more you know!

[Cullen Roche @cullenroche]

This is a compelling story, in part because it paints banking as a scam.

It's also completely wrong and based on myths that have been debunked a million times.

First, the 10% reserve ratio is a relic. Today, reserve requirements in the USA are 0%, yet banks didn't magically start making infinite loans. Why? Because solvent banks are capital constrained, not reserve constrained.

This is where the original story is most misleading.

When a bank receives a $10k deposit (a liability), the sending bank also sends $10k of reserves (an asset). The recipient bank’s Equity (assets minus liabilities) is unchanged. Their lending capacity hasn't improved because their Capital Adequacy Ratio hasn't moved an inch. They don't suddenly have the regulatory room to add $9k of risky new loans to their balance sheet just because they have more cash in the vault.

A bank's capacity to lend is actually contingent on its profitability. If these new deposits are less expensive than their previous funding sources, the bank’s Net Interest Margin improves. Those profits eventually flow into Retained Earnings, which increases their capital. That is what actually creates the capacity to lend more.

This isn't a scam; it's capitalism. Well-managed, profitable banks grow their capital base, which allows them to safely expand their lending to the economy.

The multiplier story is popular because it's simple and cynical. But if you want to understand how the plumbing actually works, follow the capital, not the reserves. 👍

[Taylor Schulte, CFP® @DefineFinancial]

@cliffcornell_ Happy birthday, dude 🤙🏼

[Taylor Schulte, CFP® @DefineFinancial]

@awealthofcs @BullandBaird Trumer Pils!!

[Taylor Schulte, CFP® @DefineFinancial]

@dollarsanddata The AI can just create more funding, Nick.

[Jake @EconomPic]

Let’s go @Perth_Tolle !

[Taylor Schulte, CFP® @DefineFinancial]

@EconomPic @Perth_Tolle 💪

[Taylor Schulte, CFP® @DefineFinancial]

@rgrikard Awesome. Let me know the best way to coordinate. DMs open.

[Taylor Schulte, CFP® @DefineFinancial]

@rgrikard @rgrikard Any interest in joining me on the Stay Wealthy Retirement Podcast (an Apple Top 200 Business Pod) to share your knowledge and expertise with my audience of retirement savers over age 50?

[Taylor Schulte, CFP® @DefineFinancial]

@TimMulloolyMAM @MissResnick @ANNIKA59 Very cool! Just purchased 🤙🏼

[Taylor Schulte, CFP® @DefineFinancial]

@tomowenmorgan This was great, and very relateable, especially the timing of when I turned 36 😳

[Taylor Schulte, CFP® @DefineFinancial]

@dougboneparth @averagejoelle Happy 40th, Heather!!! Douglas better be throwing you an epic party in Huntington Beach next month.

[Taylor Schulte, CFP® @DefineFinancial]

Marketing not working?

Join @kendrarockslife & me LIVE on stage at @FutureProof_HQ Festival ☀️

We're selecting ONE advisor for a live podcast recording, where we'll solve your biggest marketing challenge in 30 min.

Requirements:

✅ At Future Proof (in person)
✅ Ready to share on stage

Apply: https://t.co/cn0LMAHOwa (mention "FUTURE PROOF")

Real solutions. No fluff. Let's fix your marketing 💯

[Taylor Schulte, CFP® @DefineFinancial]

Attending Future Proof? Play golf?

I have room for THREE more to join us at the (unofficial) 4th Annual Future Proof Golf Outing.

▸ When: Sunday, September 7th (consecutive tee times beginning at 7:45am PST)

▸ Where: Pelican Hill (North Course)

▸ What: Casual round of ocean-view golf with your peers (all skill levels welcome)

▸ Cost: $525/person (includes caddy and gratuity)

👉 Send me a DM if you would like to join!

[Taylor Schulte, CFP® @DefineFinancial]

@cullenroche Yikes. Doesn’t look good. You guys evacuating?

[Jay Clouse @jayclouse]

Is AI really your thought partner, or are you just offloading your thinking to AI?

One is active, the other is passive.

One makes you a better thinker, one makes you worse.

[Taylor Schulte, CFP® @DefineFinancial]

What if everything you’ve learned about money completely changes once you cross the $1 million mark?

I had a blast chatting with @dollarsanddata this week about his new book, The Wealth Ladder.

We discussed:

→ Why retirement savers with $1-10 million often feel financially stuck

→ The surprising reason wealthy retirees are more likely to lose wealth than those with less money

→ Why your investment portfolio becomes more important than your income as net worth grows

Check it out on your favorite podcast app 👇

https://t.co/jPvlapBw88