Podcast

Podcast Ep 49 – High Earners Not Rich Yet (HENRY) and their Advisors with Michael Soroko and Zach Zenda

Join Mike Cavaggioni with Michael Soroko and Zach Zenda on the 49th episode of the Average Joe Finances Podcast, as they discuss the benefits of working with financial advisors—or, as per Soroko, “the CFOs of your finance.”

In recent media, subjects like DOGE Coin and GameStop have created non-stop buzz in business and investing. As a result, more people are getting into cryptocurrencies and the stock market from their homes. For our guest financial advisors, this is both good and potentially dangerous.

Today, Michael Soroko and Zach Zenda talk more about retirees’ common regret, the Robinhood-Era of stock market investing, and the High-Earners-Not-Rich-Yet demographic, better known as the HENRYs.

In this episode, you’ll learn:

● Coming from families with business and finance DNAs; Why you need to work with a financial advisor

● The dangers of the different media hype(s) to your finance and how financial advisors come in as your guidance

● Here’s what most retirees regret not doing with their money at an early age; Your money needs to have its ‘why’ and compass

● When taking out from your retirement plan or 401(k), there are factors you need to take into consideration to ensure what you’re nettinggoes a long way

● Mike and Zach: On portfolio diversification and where financial advisors go to invest.

● And much more!

About Michael Soroko:

Mike grew up in Kinnelon, NJ. Mike attended Rider University in Lawrenceville, NJ, where he was the Captain of the Cross Country and Track and Field Teams. After graduating from Rider University with his Bachelor’s in Finance and M.B.A. in Entrepreneurship, Mike entered the Financial Services Industry in 2013.

Mike is one of the founding partners of Emeritus Wealth and holds his Life, Health, Series 6, Series 63, and Series 65 Licenses. In addition, he obtained his “Certified Family Business Specialist “designation (CFBS) through the American College in Philadelphia in 2015. Mike has developed a unique ability to work directly with close-knit family businesses to help them become aware of financial strategies that will be instrumental in their success.

Mike has spearheaded the charge in bringing financial awareness to the students, faculty, and alumni within the Rider University community by working closely with the athletic department and alumni association. Mike currently resides in Morristown with his wife Nicole and their dog Hannah.

About Zach Zenda:

Zach was born and raised in South Brunswick, NJ. Zach attended Rutgers University in New Brunswick, where he was a member of the Men’s Lacrosse Team. He graduated with his Bachelor’s Degree in 2012 and began his career in the Financial Services Industry.

Zach has been a registered representative of MML Investors Services, LLC. since 2013 and is one of the founding partners of Emeritus Wealth. Zach holds his Life, Health, Series 7, and Series 66 licenses, and he obtained his “Certified Family Business Specialist” designation (CFBS) through the American College in Philadelphia in the summer of 2015.

Outside of the office, Zach is an avid golfer, enjoys working out at the Jersey Strong, and something you may not know is he an avid Watch enthusiast on all things surrounding the watch industry. Zach resides in Red Bank, NJ, with his wife Zara and their dog Cali and cat Wolfie.

Find Michael Soroko and Zach Zenda on:

Website: http://www.emerituswealthgroup.com

Instagram: http://www.instagram.com/thefinancialguides

@mikesoroko / @zzenda5

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