Jillian Michaels business advice Archives - ROI TV https://roitv.com/tag/jillian-michaels-business-advice/ Thu, 10 Jul 2025 12:22:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 Ric Edelman and Jillian Michaels Decode Money, Wellness, and the Unexpected https://roitv.com/ric-edelman-and-jillian-michaels-decode-money-wellness-and-the-unexpected/ https://roitv.com/ric-edelman-and-jillian-michaels-decode-money-wellness-and-the-unexpected/#respond Thu, 10 Jul 2025 12:22:51 +0000 https://roitv.com/?p=3591 Image from The Truth About Money

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When financial guru Ric Edelman and fitness icon Jillian Michaels share a stage, you know you’re in for more than just balance sheets and burpees. In this compelling episode, Ric covers everything from why whole life insurance isn’t your investment strategy to what it means to prepare for an economic collapse (spoiler: it involves German Shepherds and gardening books). Along the way, he also taps into the booming Broadway economy and brings in Jillian Michaels for a powerhouse discussion on building a life—and business—you love.

Why Whole Life Insurance Is Still a No-Go

Ric pulls no punches when it comes to whole life insurance. When Adam from Orange County asked whether he should merge his two whole life policies into one big investment move, Ric advised firmly against it. “Life insurance should protect your family, not double as your portfolio,” he said, reiterating his long-standing belief that term life insurance is more cost-effective. His advice? Work with a fee-based fiduciary—not someone who earns commissions off your confusion.

Broadway’s Big Financial Role in Recessions

You might not expect it, but Broadway plays a fascinating role during economic downturns. As Keith Spengel explained, ticket sales often go up during recessions, proving theater can be more than just entertainment—it’s escape. Women buy 66% of those tickets, and Ric noted how even with prices soaring to $400 per seat (plus dinner, parking, and babysitting), Broadway continues to thrive. The lesson? People will invest in joy, even when times are tough.

Ready for the End of the World? Maybe…

Then Ric turned apocalyptic—but in a very financial way. He explored what it would take to prepare for an actual economic collapse: liquidating assets, buying remote land, stocking supplies, and raising a few protective dogs. While the prep may seem extreme, Ric’s point was clear: financial crises are cyclical. You don’t need to panic, but you do need to be prepared. He cited the book This Time It’s Different to remind viewers that “unprecedented times” are often… precedented.

Selecting a Financial Advisor? Think Diversification, Not Predictions

Forget finding a market genius. Ric’s top tip for choosing a financial advisor is simple: look for someone who focuses on minimizing being wrong—not on being right. A solid advisor helps you build a globally diversified portfolio, not time the market. If they’re promising outperformance, that’s your cue to exit stage left.

Jillian Michaels: Building a Brand from Sweat and Strategy

Wellness mogul Jillian Michaels took the mic to reflect on her journey—from her early days training clients at 17 to building her empire, Empowered Media. Her advice for budding entrepreneurs? Know your weaknesses, hire experts, and make smart, informed decisions. “Confidence is key,” she said, “but it has to be earned through preparation and partnerships.” Whether licensing her brand or creating digital products, Jillian’s success is rooted in clarity and confidence.

Quick Takes from the Experts

Ric wrapped the episode with rapid-fire wisdom from investment advisors across the country. Their best advice?

  • Spend less than you earn.
  • Don’t let emotions drive investing decisions.
  • Always have an emergency fund.
  • Remember TANSTAAFL—There Ain’t No Such Thing as a Free Lunch.

He also clarified that the only federally endorsed place to get your free credit report is AnnualCreditReport.com, not those flashy alternatives promising “no strings attached.”

Final Thoughts: Advice That Actually Works

Whether you’re thinking about life insurance, Broadway escapism, or surviving the next financial meltdown, Ric Edelman keeps the conversation grounded and accessible. With Jillian Michaels reinforcing the value of discipline, confidence, and well-being, this episode was more than just talk—it was a call to action. Invest in yourself. Get the facts. And prepare—not panic—for whatever life throws at you.

All information provided is for educational purposes only and does not constitute investment, legal or tax advice; an offer to buy or sell any security or insurance product; or an endorsement of any third party or such third party’s views. The information contained herein has been obtained from sources we believe to be reliable but is not guaranteed as to its accuracy or completeness. Whenever there are hyperlinks to third-party content, this information is intended to provide additional perspective and should not be construed as an endorsement of any services, products, guidance, individuals or points of view outside Edelman Financial Engines. All examples are hypothetical and for illustrative purposes only. Please contact us for more complete information based on your personal circumstances and to obtain personal individual investment advice.

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances.

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