Achieving financial freedom means getting your personal finances in order, so that you are living within your means and have money at the end of the month. But to have true financial freedom long term, with long term goals like retirement, you have to have a financial plan.

That's why in this episode of the podcast I talk with fellow personal finance podcaster Curtis May on attaining what he calls Practical Wealth.

In this episode you will learn about:

- Practical Wealth
- Cash Flow Mapping
- Accumulation Theory
- Velocity of Money Strategy
- Privatized Banking

Stocks are a key part of any retirement savings portfolio. Their potential to grow over the course of your working life with a rate of return, despite ups and downs, that can't be beat by CDs or a savings account.

But bonds are also important to a well balanced portfolio. To find out the particulars in this episode of the podcast, I bring back Certified Financial Planner Michael Karwic for a talk on bonds and how they can be key to a successful retirement. 

In this episode you will learn:

- What Kinds of Bonds There Are
- How Bonds Balance Risk Tolerance
- About the Tax Advantages of Certain Bonds
- How Interest Rates Can Vary on Bonds