Old me in the artwork had some serious guns. New me is happy to still be alive. An honest update on the past year of my life.
Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
The value of following marketing over following success is costing people lots of money, time, and lots of frustration. Here's what America's Team is teaching us.
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LISTENER QUESTION/COMMENTS
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Nope
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TOPICS
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Inflation and how you can ignore it.
RED ALERT WARNING - Celebrities pitching NFTs when they can't even spell NFT.
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
Popular beliefs are just that - beliefs. Beliefs don't pay for your dreams, only money does. Get the facts other people aren't telling you, courtesy of Consumer Distorts.
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LISTENER QUESTION/COMMENTS
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Best way for my brother to save for his kids (Dani California)
Are golf entertainment facilities good investments (Dan Not California)
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TOPICS
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Scott's kids join the show today and offer financial advice as only 8-year-olds can.
RED ALERT WARNING - Variable Universal Life Insurance stinks.
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
Businesses are passing their rising costs on to consumers with new fees, truncated services and reduced contents in packaged goods. How can you fight inflation?
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LISTENER QUESTION/COMMENTS
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How are people retiring early and not running out of money (Melinda, Ontario)
What's your opinion on timing the market (Baker, Texas)
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TOPICS
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Are there any cat trees that don't look hideous?
New eye drops for reading - are they worth it?
Why using a Roth IRA for an emergency fund is a bad idea.
RED ALERT WARNING - How to spot a romance scam.
TRAVEL TIP - Using points to get free flights.
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
What can you do about rising inflation when it comes to your investments? And does hoarding really save money?
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LISTENER QUESTION/COMMENTS
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How can I contribute to a 401k or is there another alternative (Victor, Iowa)
What's the best way to invest a $100,000 inheritance (Perry)
If the IRS says I owe back taxes but I don't think I do, what can be done?
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TOPICS
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Interest rate risk explained by the government: https://www.sec.gov/files/ib_interestraterisk.pdf
Now is not the time to get a used car.
What do you need to know about Superbowl advertisements?
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
What can you do about rising inflation when it comes to your investments? And does hoarding really save money?
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LISTENER QUESTION/COMMENTS
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How can I contribute to a 401k or is there another alternative (Victor, Iowa)
What's the best way to invest a $100,000 inheritance (Perry)
If the IRS says I owe back taxes but I don't think I do, what can be done?
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TOPICS
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Interest rate risk explained by the government: https://www.sec.gov/files/ib_interestraterisk.pdf
Now is not the time to get a used car.
What do you need to know about Superbowl advertisements?
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
Listen about an entirely new category of investing: enabling people to invest as little as $100 in single-family homes and to earn rental income right away. What are the pros, cons, and alternatives?
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LISTENER QUESTION/COMMENTS
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Best place to store cash for an emergency fund (Victor, Iowa)
You're wrong about retiring to Guam on a budget (April)
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TOPICS
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A new way for kids to earn money.
What's going to happen with all these people retiring early who can't afford it?
Savings rates: https://www.bankrate.com/banking/savings/rates/
Investing in fractional rental homes - https://arrivedhomes.com
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
There's a new investing game in town that says the old-school investing advice is for losers! Is it a fad or should we pay attention to the latest in wealth building tip for wealth builders?
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LISTENER QUESTION/COMMENTS
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My teenage son is a professional athlete and is about to start getting paid. What should we do about tax planning (H)
What do you think about DR Smart Vestor pro service (Tabitha, Little Rock)
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TOPICS
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Inflation is everywhere. What are other people do to stretch their income and save more?
What to watch out for when getting eyeglasses (pun intended!)
https://www.zennioptical.com/tv
Is TurboTax Audit Defense Worth It?
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
It’s easy to invest when things are rocking and rolling. It’s a lot harder when things start spiraling out of control. Since nobody can figure out when the best time is to be in or out of the market, the best thing is to pick a plan that doesn’t drive you crazy and follow it.
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LISTENER QUESTION/COMMENTS
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800 Credit Scores! (General Kinobi)
What are the benefits of using an online bank? What will I lose if I get away from the Bank of Evil (Jose)
What’s the best way to shop around and get cheaper rates if my car insurance has gone up 20% (Jasmine)
Is an Indexed Universal Life insurance policy something we should consider getting (Wendy, Wyoming)
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TOPICS
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What should you do if you find $50,000 in your wall?
$29,000 for an average used car? Would-be buyers are aghast
RED ALERT WARNING - Watch out whom you pay for financial advice.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
People who don’t believe in themselves can end up self-sabotaging their finances. One of the best things you can do for your wealth-building is getting your head right.
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LISTENER QUESTION/COMMENTS
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Are you familiar with Fundrise or Diversifund by chance (Ryan)
What do you think of this variable annuity that is no longer offered (Ryan)
https://www.bogleheads.org/forum/viewtopic.php?t=194425
What are the steps to move IRAs from one custodian to another (JP)
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TOPICS
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Variable annuity research - https://www.dropbox.com/sh/7ygsb6r8y0kmiuh/AAB6JzmEtZ5AKZ8qh39ncu-Pa?dl=0
Fundrise track record - https://fundrise.com/track-record
Blondie Holmes is going to jail!
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
A listener shares a list of amazing wins for 2021. Get inspired to see how you can apply these to your own life for kicking butt in the next year - no matter your age, stage, or wage.
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LISTENER QUESTION/COMMENTS
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I am currently 38 am I young or middle-aged when it comes to asset allocation (Brent)
Does it make sense to continue to convert and pay the taxes now before they go up if we are in our 50's (Serena, TX)
Ryan and Wendi are debt-free!
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TOPICS
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RED ALERT WARNING - Angry Sandy lost a bunch of money by trusting a money manager. She didn't bother to ask her husband who had all the secrets to building wealth.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
We look back on 2021 and revisit some of the highs and lows.
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LISTENER QUESTION/COMMENTS
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Can you elaborate more on the pros/cons of I Bonds (Loren)
I’ve heard that you can pull money out of 457 plans before retirement age (Jacob, MA)
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TOPICS
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BOO! - Vanguard is no longer sticking to its founding values.
What are alternative investments and how can they fit into your Rock Star financial independence roadmap?
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
How does inflation impact everyone’s finances? What do you need to know to protect your family from these termites that can destroy your future?
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LISTENER QUESTION/COMMENTS
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Any follow up on getting the Venture X card (General Kinobi)
Should I Bonds be part of an emergency fund strategy (Eddie)
I recently inherited a bunch of money. Is investing in a lump sum or over time better(Stone, Colorado)
I’m 35 and all of my 401k is invested in stocks. Is there a better recommendation for the allocation (Stephanie, Tampa, Florida)
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TOPICS
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RED ALERT WARNING - Paying cash to contractors can backfire. Here's how to be cautious.
TRAVEL TIP - Use flights.google.com to find the cheapest fares to random destinations.
Nike is going to start selling virtual sneakers. My daughter is going to start selling virtual unicorn horns and get rich too.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
You did something. You busted your but. You saved. You had discipline. You built good habits. And you should be proud of what you're doing. Not ashamed. And certainly not fall for the false belief that you were lucky.
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LISTENER QUESTION/COMMENTS
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I’m maxing out my 401k plan as well as max out a Roth IRA. I’m fortunate and looking to invest more money. Is the next place to look at investing in a brokerage account (Keani, Benton, AR)
Can/should I create an investment account for my children (Bruno Mars, Nevada)
What do you do when you want a nice vehicle, say a Porsche Carrera, Mercedes, or Land Rover, but don't want to hurt your future (savings) (Alan)
What are the best robo advisors in Canada (Alyssa, Canada)
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TOPICS
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MONEY SAVING - Why now is a terrible time to buy a car but a great time to sell one.
INVESTING - Should you be buying Ibonds?
TAXES - Gordon Ramsey is moving his headquarters to a low-tax country.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
The Millionaire Next Door pulled back the curtain on people who have built wealth. But they aren’t wearing jeans with holes in them and only eating out at McDonald's. For crying out loud - live like the rock star you are!
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LISTENER QUESTION/COMMENTS
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Are there better alternatives for an emergency fund than my bank (Matthew, California)
The retirement plan at my new company has a Roth 403b option. Is that better than a Roth IRA or can I do both (Vienna, Kansas)
Should I combine two 401ks at Fidelity into one (Brendan, Derry, NH)
Is it ok to skip the bonds for now (Andrew, Virginia)
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TOPICS
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TRAVEL - the Goldilocks Windows for traveling hacking.
MONEY SAVING - How to save on high heating bills this winter.
https://scottalanturner.com/11-unique-things-homeowners-can-do-today-to-save-money-infographic/
RED ALERT MOMENT - Should you invest in art?
NEWS OF THE WEIRD - $600,000 found behind a toilet in a church.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
I think we all have someone we're picturing in mind right now....(and if this person is you, you can just buy these for yourself).
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LISTENER QUESTION/COMMENTS
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Where on earth is all the money in the various stimulus packages coming from (Kayla, Cheyenne, Wyoming)
I can save about $15,000 per year. Should I be looking at a Roth IRA or use a 401k at work (Tyler, Arkansas)
Is an online kit available for about $100 to setup a trust ok to use (Gabrielle, WA)
What is the best account to hold a high yield dividend ETF (Amanda)
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TOPICS
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MONEY MORON MOMENT - How not to buy life insurance.
Has Cathie Wood lost her touch?
Zoom Class action lawsuit - get $15!
https://www.ZoomMeetingsClassAction.com
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ENCORE
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Gifts for impatient people: https://www.buzzfeed.com/maitlandquitmeyer/gifts-for-impatient-people-2021
Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
You are the best person to manage your finances. People are also our own worst enemy. A personal note on how complacency can be a wealth killer (or health killer) without anyone knowing it.
We also revisit the upcoming book First To A Million by Dan Sheeks.
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LISTENER QUESTION/COMMENTS
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Can I withdraw money from my IRA to pay off the debt (Jasmyn, Ft Lauderdale FL)
What allocation of stocks/bonds should I put my house savings for a downpayment (Conor, Indy)
If I pay off my kid's student loans will either of us have to pay taxes (Peter, Petoria)
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TOPICS
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MONEY-SAVING TIP: Save your Subway receipts
MONEY-SAVING TIP: Asking service companies for discounts
RED ALERT WARNING: Another 'expert' gets it wrong
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
You don't need a budget. You just need something that works for you and you'll follow consistently. Tips that should make you feel better (less guilty!) about the perfect plan for you.
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LISTENER QUESTION/COMMENTS
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Is there a company for a Roth IRA that is safe, reliable, easy, and good (Sandy)
Should I leave my money in a 401k or roll it into an IRA? Would a self-directed IRA be best for home flipping? (Wayne)
My ex-son-in-law is going to set me up with a Robinhood account (Anita)
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TOPICS
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MONEY-SAVING TIP: Amazon vs. Walmart
TRAVEL HACK: The new Capital One Venture X card is here
Scott's daughter joins the show without her knowing it.
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Consider this your regular reminder that most personal finance gurus get rich not from their investment smarts, but from their ability to sell you on their investing smarts.
Support our latest sponsor - Chubby Bunny!
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LISTENER QUESTION/COMMENTS
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Should I finance a car and move the money to a higher-yielding account or pay cash for it (Bobbi, Houston)
Are I-bonds are a better vehicle for savings as opposed to other savings accounts (David)
I'm 21 and just started investing in a 401k managed by my bank but I'm scared that we'll go into a pandemic-induced recession at any moment and I'll lose everything. Don't know if this was really the best time to start investing (Abi)
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MONEY-SAVING TIP? Iron-stomached man discovers savings benefits of eating meals at a Six Flags park
Scott shares his favorite credit card and why he likes it.
It's time for taxes if you want to save money - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
If you have a pulse, you could be making more money at your current job if you follow this strategy. Today's job market is on fire, and people in the know are getting what they deserve.
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LISTENER QUESTION/COMMENTS
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ROCK STAR MILLIONAIRE - Listen to the story of how this person is crushing it.
My friend asks why I'm paying down our house so soon (Millionaire Nurse)
How do we move beyond the target date fund (Rodney)
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TOPICS
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MONEY MORON MOMENT: Watch out what you borrow money for.
MONEY SAVING TIP: Flying for Thanksgiving? Parking deals are here.
Why you should ignore the people you've passed.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
First To A Million is a new book about financial independence (FI) aimed at teenagers. But it's so much more and the lessons and tips will apply no matter your age, stage, or wage. Scott reviews this book before you can get it - and you should plan to get it!
Pre-order the book on Amazon now:
https://www.amazon.com/First-Million-Teenagers-Achieving-Independence/dp/1947200461
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LISTENER QUESTION/COMMENTS
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How do I know if I'm getting the best rate on a mortgage quote (Deanna the Dog Walker)
I'm getting an increase in pay and jumping up in tax brackets. Where should I put my money if I'm maxing out my retirement accounts (OMG)
How should I treat my HSA - as part of my emergency fund (Chad, Illinois)
Can you do a custodial Roth for a minor that isn't a minor you own (Daren)
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TOPICS
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RED ALERT WARNING: Why you don't need an Apple cloth.
Cocatalyst - How to donate appreciated stocks to charity:
https://www.cocatalyst.org/articles/how-to-donate-stock-to-a-charity
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Whether you want a new car. A new house. A closet full of shoes. A better education for kids. Traveling in style. Even your own plane, this is how you get it.
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LISTENER QUESTION/COMMENTS
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I'm considering Legal Zoom for estate planning, what are your thoughts (Cardi, Michigan)
Is it best to have an emergency fund in cash (Joanie, Tampa Bay)
How can I be confident when it comes to investing (Heather)
What do you think of debt consolidation services (Mrs. Picard)
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TOPICS
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RED ALERT WARNING: What does one big CEO say about Bitcoin?
Good news for teachers and non-profit workers when it comes to student loan forgiveness.
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
The math on compound interest is staggering. Even if you know this stuff already, seeing it in a different light will put a smile on your face and increase your confidence in your plan.
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LISTENER QUESTION/COMMENTS
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Is there any consistency to the market now (Rocio)
What can I do about a contractor that didn't complete some work (Mark)
How much money is required to get started investing (Marteen, Cape Town)
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TOPICS
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When can putting your finances on auto pilot destroy your plan?
RED ALERT WARNING: Come on! Why is this company still around?
MONEY HACK: The worst myth about cars that keeps costing people money
I TOLD YOU SO: A museum says they gave an artist $84,000 in cash to use in artwork. Guess what happened?
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Building wealth is so much more than spending less than you earn and investing the difference. Indecision is a decision. So what could you be doing today that will build wealth for your tomorrows?
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LISTENER QUESTION/COMMENTS
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Is a tax free retirement account (TRFA) like a Roth IRA (Jodie)
What can I do with the money in a 529 plan if my son doesn't use it for school (La Forge)
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TOPICS
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What should you be doing about inflation right now?
RED ALERT WARNING: Another sad tale of social insecurity.
MONEY HACK: Get your credit score and credit monitoring for free from Discover without any strings attached.
I TOLD YOU SO: A museum says they gave an artist $84,000 in cash to use in artwork. Guess what happened?
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k