Why Financial Decisions Aren't About Math (And Why Small Changes Matter) - PART 2
Tue Feb 03 2026
Summary
In part two, Todd shares the essential ideas he believes every advisor and client should understand: the difference between savings and investments, why life insurance belongs in the "certainty asset" category, how cash protects against both gray and black swan events, and why net worth isn't the real target—cash flow and distribution are. The trio explores asset sequence, liquidity, and why small strategic changes over time outperform "swinging for the fences." If you want to advise more effectively, make smarter financial decisions, or reshape how you think about money and risk, this episode is the place to start.
Episode Highlights
00:00:14 - Conversation with Todd Langford.
00:02:00 - Investment vs. Savings.
00:04:54 - Certainty in Financial Strategies.
00:06:46 - Black Swan and Grey Swan Events.
00:10:39 - Importance of Distribution Phase.
00:13:32 - Growth at the Edge of the Coin.
00:15:31 - Casino Success vs. Financial Reality.
00:11:00 - Savings vs. Rate of Return.
Episode Resources
sagewealthstrategy.com
About Todd And The Financial Software
Guest Name Todd LangfordGuest Emailtlangford@truthconcepts.com
Additional guest David Zapata
davidzapata@factumfinancial.com
Keywords
Wade Borth podcast
financial clarity
financial life
Todd Langford
industry insights
learner's mentality
whole life insurance
investment vs. savings
certainty vs. uncertainty
real estate market
stock market
asset integration
financial strategy
distribution phase
net worth vs. cashflow
financial advisors
black swan events
gray swan events
financial risk management
liquidity
rate of return
financial planning
Robert Kiyosaki
financial decisions
financial growth
strategic plan
financial journey
More
Summary In part two, Todd shares the essential ideas he believes every advisor and client should understand: the difference between savings and investments, why life insurance belongs in the "certainty asset" category, how cash protects against both gray and black swan events, and why net worth isn't the real target—cash flow and distribution are. The trio explores asset sequence, liquidity, and why small strategic changes over time outperform "swinging for the fences." If you want to advise more effectively, make smarter financial decisions, or reshape how you think about money and risk, this episode is the place to start. Episode Highlights 00:00:14 - Conversation with Todd Langford. 00:02:00 - Investment vs. Savings. 00:04:54 - Certainty in Financial Strategies. 00:06:46 - Black Swan and Grey Swan Events. 00:10:39 - Importance of Distribution Phase. 00:13:32 - Growth at the Edge of the Coin. 00:15:31 - Casino Success vs. Financial Reality. 00:11:00 - Savings vs. Rate of Return. Episode Resources sagewealthstrategy.com About Todd And The Financial Software Guest Name Todd LangfordGuest Emailtlangford@truthconcepts.com Additional guest David Zapata davidzapata@factumfinancial.com Keywords Wade Borth podcast financial clarity financial life Todd Langford industry insights learner's mentality whole life insurance investment vs. savings certainty vs. uncertainty real estate market stock market asset integration financial strategy distribution phase net worth vs. cashflow financial advisors black swan events gray swan events financial risk management liquidity rate of return financial planning Robert Kiyosaki financial decisions financial growth strategic plan financial journey