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The Scott Alan Turner Show | FINANCIAL ROCK STAR

Scott Alan Turner is a former money moron, living the paycheck-to-paycheck lifestyle, losing $40k in the stock market, and racking up a load of credit card debt. But by age 35, he turned it all around and became a self-made millionaire. In a world of get-rich-quick schemes, biased advice, and financial Pied Pipers, Scott’s authentic, no-holds-barred approach makes it possible for anyone to absolutely rock their personal finances. Scott is on a mad mission to help you get financial independence, ultimate happiness and a life full of awesome experiences. With his rebel style, off-beat humor, and signature life-on-your-own-terms approach, Scott’s inspiring a movement of Financial Rock Stars across the globe. Money. Investing. Personal Finance. Financial Independence.
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The Scott Alan Turner Show | FINANCIAL ROCK STAR
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All Episodes
Archives
Now displaying: May, 2017
May 31, 2017

Topics: Hey big spender! Or little spender. Or middle-of-the-road spender. Or are you an ostrich spender? Knowing your spending philosophy is another great way to get a handle on your money or identify what makes your significant other tick.

- Shawn is a pharmacy manager making good money and asks about balancing paying down big student loans vs. investing.

- Al is a new parent struggling to make ends meet and wonders how he can get ahead to spend more time with his family.

- The NFL player earning $11 an hour.

- Seema is buying index funds from multiple brokers and wants to make sure they aren't the same thing.

- Linda (OshGosh, WI) is 56 and now on disability. She needs some direction on how to prepare for retirement with her existing savings.

- Josh (Los Angeles, CA) has a new baby on the way and his up and down income has him struggling to stay out of debt.

- Abby Lee is heading to jail! Scott will dance to that.

- Scholarship deadline is approaching - please spread the word!

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

NFL Player's $11/hour side job: http://www.espn.com/blog/tampa-bay-buccaneers/post/_/id/17068/nfl-players-11-per-hour-side-job-helping-those-who-cant-help-themselves

Personal Finance Scholarship

Health Savings Administrators

May 30, 2017

Topics: What is the golden rule on how does it impact business and your life?

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Special music by 7's Catacomb

May 29, 2017

Topics: Your past successes and mistakes hold a lot of valuable lessons to learn from and help you make more informed decisions about your future. But have you ever asked yourself how did our society as a whole become so comfortable with having no savings and making debt normal? Scott takes you on a trip back in time to how we got to where we're at.

- May Challenge - Reinvent your stock replies.

- Becky (TX) is a teacher with a bad 403(b) plan and wonders where to invest her money for retirement.

- Melissa (CO) is 24-years-old and getting a new job. She asks about how to maximize tax savings on a salary/commission income.

- Loren (Grey Eagle, MN) is 40 years old and needs help deciding between two options for health care benefits she won't collect on until retirement.

- Abrar (Phoenix, AZ) is 26 years old and will be moving back to India in 5-7 years. He asks how best to manage his finances so he can start a business later.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

 

 

May 26, 2017

Topics: Do you know the opportunity cost of the things you buy? The decision isn't about to buy or not to buy a $5 coffee or making more money. It's about how you can create the type of financial awareness so you can achieve your dreams.

- Sharon is 57 and lost all of her money to a fraudulent investor and needs help rebuilding her life.

- Theopolina (Rexburg, ID) asks how to build wealth slowly and not get rich fast.

- Shane asks why are people recommending robo-advisors when the data disagrees?

- Apollo starts his financial journey and shares the first step his family has taken towards financial security.

- How will your employer-sponsored retirement plan protect itself from being sued by the employees?

- Did you know you can be wealthy without money?

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

The Robo Report

May 24, 2017

Topics: If you plan on traveling in retirement but you're a little short on savings, moving someplace exotic can save you big money. Hear the top spots for limited retirement funds.

- Katie makes a trip to the courthouse steps to bid on some foreclosures. Hear about what she learned.

- Bryan (Chicago, IL) shares his tips on buying foreclosures and a story of a purchase that went terribly wrong.

- Michael is a real estate agent and explains what he does when looking at distressed properties.

- Mick is a chiropractor with $250,000 in student loans and looking to increase his income to get out of the hole.

- Dean has some debts to pay off and is looking to help his daughter start off on the right foot.

- Thank you for supporting the show and our ability to sponsor the One Less Orphan Fund.

- Companies are depending on you spending your tax refund on wants. This is wrong on many levels.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Bryan Sonn, foreclosure expert - http://www.gcrealtyinc.com/

Michael Kelczewski, real estate expert - http://www.michaelkelczewski.com

http://www.makrealtygroup.com

http://www.bfpsir.com

One Less Orphan Fund - http://www.onelessorphanfund.org/

May 23, 2017

Links mentioned in the show:

The Mitchell Group - http://www.mitchellcg.com

Mitchell & Co Realtors - http://www.mitchellcr.com/

May 22, 2017

Topics: What is your net worth and why is it important to track?

- Can a HELOC protect your personal assets if your business is sued?

- Guillermo (Uruguay) wants to know my opinion on Franklin Templeton Investments.

- In pursuit of happiness.

- Dan (Limerick, PA) has a 401(k) match and a percent of his salary contributed towards his retirement. He wonders if directing some money to a Roth makes sense.

- Ghodaloo (Nigeria) has a wicked good investment opportunity.

- Kolt asks if having accounts at multiple robo advisors gains diversification.

- Alex (Stoughton, MA) has questions on the order to pay off debts.

- Killing fiduciary rule new DOL Chief's top priority. What it means to your retirement.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

SogoTrade

May 19, 2017

Topics: There is a problem with compound interest calculators, examples, charts, and planning. It's not pretty if you're unprepared for it. In the best case scenario you could retire five years early and in the worst case you might have to work an extra five years.

- Pedro (Chicago, IL) is planning on buying a home in three years but is weighing the decision of investing or putting more towards a home.

- Chad (IL) is going to qualify for a Roth IRA and is deciding if it's worth it to get a tax deduction from his employer plan or contribute to a Roth.

- Horatio is wondering if mutiny at work is necessary to get market wages for his position.

- Adam (UK) asks about how to invest in Vanguard funds if he is outside the U.S.

- So goeth California, so goeth the country. When you die the government will want your estate to repay your medicare bills.

- A 30-year-old that spends $1,100 a month on take out.

- Keeping up with the Clowns.

- Gambit shares his life turnaround story from bankruptcy to a 700 credit score and $11,000 in the bank after just 12 months.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

30 Year Old Spends $1,100 a month on take out

The problem with compound interest

May 17, 2017

Topics: Do you, your parents, or grandparents have a financial plan that will last you a lifetime? Sadly most people do not. Discover the important facts about today's retirees and how to make sure you or someone you love doesn't outlive savings.

- Katrina paid off $60,000 in student loan debt and now gets to do what she loves.

- Courtney is 25 and has been in a dead end job for six years and is looking for a way out.

- Empower is a new banking app looking to make your financial life easier.

- Jimmy (Phoenix, AZ) is thinking about getting married but his fiance has $15k of student loan debt she's happy paying the minimums on. He asks what he should do.

- Dan is a freelancer struggling with spending it all now instead of saving for the future.

- Good old Snapchat is falling again. But don't worry if you're a 20-something and bought some Snap stock, because you've got it all figured out!

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Katrina McGhee - https://www.kmcgheecoaching.com
kmcgheecoaching@gmail.com

TransAmerica, The Current State of Retirement

May 15, 2017

Topics: Simple things can unravel your finances. Hear about three things you may not realize are consuming your hard earned money.

- Troy is desperate to be debt free.

- Dave (Schwenksville , PA) is paying off a bankruptcy and struggling to plan together with his wife.

- Will (Ohio) is deciding between two health insurance plans and asks for some guidance.

- Thi asks about dividing up employer retirement savings between pre-tax and post-tax accounts.

- The NFL rookie who was living out of his truck for two months.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

http://www.espn.com/blog/tampa-bay-buccaneers/post/_/id/16954/after-living-in-a-car-stevie-tuikolovatu-poised-for-next-adventure-with-the-bucs

May 12, 2017

Topics: You won't believe how spoiled some kids are today.

- Looking for something unique to do? Airbnb is now offering experiences.

- One big investment firm drop popular mutual funds. Find out who and why.

- Nicolette (NYC) is in a high rent area and having a tough time saving money and getting out of debt. Guest expert Stefanie O'Connell gives advice on living on a budget in the city.

- Seema is 50 years old and has a 30-year fixed rate mortgage at 3.3%. He asks if a 15 year mortgage is better.

- Seema has an annuity inside an old employer's retirement plan and wonders if it makes sense to roll it over.

- Maximus (Phoenix, AZ) paid off $80,000 in student loans and is debt free!

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Stefanie O'Connell - https://stefanieoconnell.com/

The Smartest 401(k) Book You'll Ever Read, Daniel R. Solin

 

May 10, 2017

Topics: Achieving a goal doesn't mean you've achieved success. Hear why two or more people can have completely different perspectives on something, and why it's important in your job and relationships to figure out what success looks like.

- Jennifer (Madison, WI) has $135,000 in student loan debt and asks about the pros and cons of waiting 25 years for the loan balance to be forgiven.

- JP (Houston, TX) has been putting money into a 401(k) and is considering switching it to a Roth 401(k) instead.

- Mark (Plano, TX) has excess funds in his daughter's college savings plan and asks if it can be applied to law school.

- Deanna the Dog Walker asks how much car insurance is enough?

- The rich are getting richer because they are living longer. What you need to know to stay ahead of the government.

- Shelly (Seattle, WA) has a follow up to her question on if she's saving enough in her SEP IRA.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Texas Tuition Promise Fund 529 Rollover - https://www.texastuitionpromisefund.com/content/after-you-enroll/cancellations-and-refunds/rollovers-to-another-529-plan

Why the rich get more from social security - http://www.investopedia.com/retirement/longevity-gap-why-rich-benefit-more-social-security/

May 8, 2017

Topics: Andrew Ly immigrated to the United States from Vietnam in 1979 with $1 in his pocket. Today he heads a $100 million family empire making baked goodies which you've probably eating without knowing the history.

- Don is 67, in retirement and receives a pension and social security. He asks about how to increase his income.

- Jude has a couple stocks that have lost value and wonders about hanging on to them. Jude also has a big debt from taking on a kickboxing franchise and needs to grow revenue.

- Chris (Bay Area, CA) has a question on what the 'total' in total stock market means.

- Jason wants to know the difference between fee-based and fee-only planners.

- Is there free money out there kids are leaving on the table that could be used to pay for school? Hint - Yes! Find out where it is and how you can get some.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Christine Odle

May 5, 2017

Topics: Shelly's grandfather was the victim of $60,000 in fraud by someone they trusted. You'll want to hear this incredible story of how the thieves operated and escaped and what could have possibly be done to stop it from happening.

- James asks how to control reckless spending and blowing all his paycheck.

- Gia is 17-years-old and is deciding between paying $30,000 a year for college or taking a gap year to establish residency in another state to pay in-state tuition.

- Marty (Hill Valley, CA) has an advisor recommending ETFs over mutual funds. What is the better investment option?

- Jennifer (Biloxi, MS) has a son heading to college and asks about co-signing a credit car

- Should an 18-year-old get term or whole life insurance?

- Did you get a tax refund or a tax bill this year?

- The Millionaire Next Door - Karan (age 29) and Trishla (age 27) share how they got to $1M.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Connect with Karan and Trishla:
MagFirst - http://www.magfirst.com/
Twitter - https://twitter.com/magfirstglobal
Facebook - https://www.facebook.com/magfirstglobal

May 3, 2017

Topics: You might not be aware, but restaurant owners have a bunch of tricks to get you to spend more money. Discover what they do and how you can avoid the traps of overspending.

- Reggie (Maryland) has an overseas girlfriend and isn't sure on his next steps in life.

- What can you learn from the Happy Days star who died after not living a life of happy days?

- Will asks about the pros/cons of paying off $150,000 of student loan debt quickly.

- The May challenge is here - how can you save money this month?

- Odo updates us on what he found out about his IRA rollover.

- Do you know the most common car financing scam?

- DJ (Cali) asks why I don't like Motif investing.

- Dancer Jordan got out of his comfort zone and is now realizing his dreams.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

 

May 1, 2017

Topics: Most people are terribly underfunding their retirement. What is the easiest way to save enough money for retirement so you don't run out of money before you run out of life?

- Shelly (Seattle, WA) has a SEP IRA and asks how long it takes for compound interest to start being obvious.

- Twitter Tango: Is using a Roth IRA for college funding a fool's game?

- Heather is 54-years-old with $150,000 saved and has a lousy 401(k). She asks where best to invest her money and if she can move it out of the 401(k).

- David shares his definition of financial freedom.

- Steve (Newport News, VA) needs direction on tackling his financial life.

- Auction cams?

- What are the pros and cons of long term care insurance?

- Jake shares his views on money as part of our scholarship program.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Vanguard report on how people save

Supersavers

Money Chimp Investment Return Calculator

 

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