Episode 54

You Cannot Save a Summer: The Two Clocks Every High Earner Is Living By

Episode Description

By the ninth ballpark, Jason's kids walked into the Astros game in matching Buc-ee's onesies. The camera put them on the video board. He started laughing, then he started counting. Not the money. The summers.

You may know what your portfolio could be worth at 60. But how many summers are left before your kids stop wanting to travel with you? In this episode of The Big Bo $how, You Cannot Save a Summer, Jason breaks down the two clocks running in every family's financial life, and how to help know when you can enjoy more of what you have built today without putting tomorrow at risk.

In this episode, we cover:

✔ The two clocks in every plan, one that compounds and one that expires

✔ The two families who look opposite and make the same mistake

✔ The Two-Clock Decision Test for  meaningful financial decision

✔ Why premium is a label and value is an outcome

✔ The Bo Know$ rule: Win Games, Not Box Scores

• Read More

  Segment 1 — The Two Clocks
  My son and I are trying to visit all 30 major league ballparks together while he is still a kid. This trip was nine of them in twelve days. The trip was organized around baseball, but the best moments were the ones we never could have scheduled. The plan did not create those memories. It created the opportunity to be there when they happened. That is the whole idea. Every family's financial life runs on two clocks. The financial clock compounds forward and tracks savings, investments, taxes, college and retirement. The life clock counts down and tracks childhood, your parents' health, your energy and the seasons when the people you love are available at the same time you are. One compounds. The other expires. Ignore the financial clock and today's experience becomes tomorrow's burden. Ignore the life clock and you can reach the future with plenty of money and fewer chances to use it. Good planning makes the two work together.

  Segment 2 — Permission Comes From the Plan
  I see two extremes. One family earns a tremendous income and spends as if it will last forever. The other has more than enough but treats every purchase as a risk. They look opposite, but they are making the same mistake. They are flying blind. The answer is not to spend more or less. The answer is to know. Run any big decision through the Two-Clock Decision Test. What does the financial clock say, can this fit without compromising the plan? What does the life clock say, can this version of the opportunity really wait? And what tradeoff are you consciously choosing? Sometimes the numbers say no. Sometimes they say not yet. Sometimes they say take the trip, you are okay. At Wrigley I paid up because the experience mattered, and it was worth it. In Cincinnati the premium seats were underwhelming. Premium is a label. Value is an outcome. A financial plan that can only restrain you is incomplete. Sometimes its most valuable output is permission.

  Bo Know$ — Win Games, Not Box Scores
  Football season is here, which means every Sunday someone stares at a box score and asks how they lost. More yards, more first downs, better stats and still a loss. As a Dolphins fan, I have some experience with this. Income, net worth, returns, savings rate, retirement age, those are all statistics. They matter and you need to know them. But they are the box score, not the game. So here is your Bo Know$ rule, Win Games, Not Box Scores. You can move retirement from 59 to 57 and still miss the life the money was supposed to pay for. You can also ignore the scoreboard entirely and call reckless spending a strategy. Neither is winning. Retirement is one possible choice. Financial freedom is having a menu of them. Build the scoreboard. Just don't confuse winning the box score with winning the game.

  WRAP-UP — THREE QUESTIONS
  One. What are you calling someday?

  Two. Does your financial plan truly require you to wait, or are you flying blind?

  Three. What choices are you trying to create with the wealth you are building?

  Your plan should do more than tell you whether you will have enough later. It should help you understand what you are free to choose along the way. That is a big part of what we do at Julius Wealth Advisors. Integrity, Knowledge, Passion. You can save money for later. You cannot save a summer. Visit JuliusWealthAdvisors.com. Let's have a real conversation.

About Jason

Jason Blumstein, CFA, is the founder and CEO of Julius Wealth Advisors, an independent boutique RIA serving clients nationwide from Englewood Cliffs, New Jersey. His passion for investing began at just 10 years old, when his grandfather Julius turned off the cartoons, turned on CNBC, and began teaching him about stocks, discipline, and the values that build a meaningful life.Shaped by early family financial hardship and inspired by Julius’s integrity and generosity, Jason built a career by gaining experience with PwC, Morgan Stanley, and J.P. Morgan. With a mission of offering transparent, education-forward planning rooted in Integrity, Knowledge, and Passion, Jason founded Julius Wealth Advisors in 2021. The firm operates in a fiduciary, client-aligned model built around long-term partnership.

Building Wealth Is By Choice, Not Chance

Today, Jason partners with High Earners, Not Wealthy Yet (HENWY) families ages 35–50, helping them build long-term, sustainable wealth through disciplined planning, deeply personal guidance, and analytical rigor he gained as a CFA® charterholder. He is known for his boutique, high-touch service, and for the educational clarity he brings to every conversation through The Big Bo $how podcast and Wealth of Knowledge blog. Outside the office, Jason is a proud husband and father of two. He loves all sports, working out, watching the NFL (he has a complicated relationship with the Dolphins), rooting for the Mets, and staying active—a continuation of his college football days. To learn more about Jason, connect with him on LinkedIn.

---

Disclosures:

This piece contains general information that is not suitable for everyone and was prepared for informational purposes only.  Nothing contained herein should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. Past performance does not guarantee any future results. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. For additional information about Julius Wealth Advisors, including its services and fees, contact us or visit adviserinfo.sec.gov.