On today's show: What is your risk appetite? Are you betting with house money that caused so many people to see their 401(k) turn into a 201(k) ten years ago?
- Kristi (Washington, D.C.) can't find a rental property that follows the 2% rule and asks Katie for some real estate advice.
- Charmaine (Cape Town, South Africa) is a tour guide interested in starting a side job to make extra money.
- Manuel (Orlando, FL) shares his story about getting out of debt and starting over.
- An interesting take on how to get kids to reduce college costs.
- Tom is retirement aged, in debt, and funding the education of a girlfriend in Africa. Something doesn't add up here.
- The 2018 IRS limits are going up on some things. Find out what they are and why it matters.
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On today's show: Scott share's a Facebook conversation about leasing vs. buying a car. What did people have to say in favor and against leasing and were the statements accurate?
- Tristan (CA) provides a snapshot of his financial plan and goals and asks for feedback on it.
- Take the quiz - how financially literate are you?
- Jason is getting back on his feet after a divorce and is interested in where to save for his future.
- A. (Washington, D.C.) and his wife are in their early 30's and have a high net-worth. They wonder if they should pay more towards their house to get it paid down faster.
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On today's show: Most people are more concerned with paying off debt, saving, and investing when there is something lurking in the shadows that could derail everything. Are you aware of the holes that could destroy your lifestyle?
- Jaime's 81-year-old mother just sold her home and moved into assisted living. The costs are $4,000 a month and Jamie asks what they should do with the money from the sale of the house.
- Brian is 32-years-old and wonders if now is the time to sit out of the market since it's been running high for so long.
- Sheila (Orlando, FL) doesn't have enough money to handle bills, two kids, and paying down past debts. She asks for help on sticking to a budget.
- Are good investors really that good or just lucky? Scott proves what some perceive as brilliance is just luck.
- Why mistakes are important and you should be happy for them.
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On today's show: The 2017 Fidelity Millionaire Outlook reveals some interesting information on how Generation X and Generation Y view their finances.
- Renee (AZ) is debt free except for her house and asks about where to put $900 extra each month she and her husband have in her spending plan.
- Jenn (Bay Area, CA) fully funded her Roth IRA at the start of the year and now she's over the income limit. She asks how to correct the situation.
- Are you in a job, a career, or a calling?
- Quote of the day from Thurston Moore, Sonic Youth
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2017 Fidelity Millionaire Outlook
On today's show: If you buy a $55 cup of coffee to impress people, are you all flash and no cash?
- Chris (Troy, AL)
- Amanda (Chalfont, PA) is 46 and asks if she is budgeting correctly.
- JJ (Austin, TX) has the option to participate in a ESOP and asks if he should or put money into other investments.
- Scott provides an update on getting an IRS pin to help secure your identity.
- What are the best cities for dog lovers?
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Enjoy That Cup of Coffee! Your Total Comes to $55
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On today's show: I've written a book for children to help them learn about money! Find out how you can support the book.
- How your default behavior can help you build wealth.
- Tips for making this Thanksgiving with your family a pleasant one.
- The financial pied pipers are at it again trying to look brilliant with their cover-every-scenario advice.
- Katie gives an update on her rental home empire.
- The Bouqs service responds to Scott's bad flower experience. Find out how/if they made things right.
- Lucy is behind on her bills while working on her GED and applying for college.
- Rent the Runway now offers a subscription service for women to look nice while borrowing clothes.
- Dr. J is contributing 17% to his 457 plan and asks if it's better to stop contributing to pay off his consumer debt.
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On today's show: What financial lessons should kids learn that could change the course of their lives forever?
- Sherry (Canada) asks how to best prepare for the upcoming stock market crash.
- DJ starts using YNAB and finds some savings in his budget.
- Andrew is 21 years old and asks how credit cards can help someone.
- Adriyan is 21 and wants advice on where to begin investing and earning income.
- Joe (Farmington Hills, MI) has parents that are constantly leaning on him for money and needs help breaking their habits.
- Listen to my friend Chad Jeffers story about visiting wounded soldiers while he was touring with the USO.
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On today's show: Scott's test of a new flower delivery service results in a big fail. Get the update.
- Bouqs flower service update.
- If you are a business owner you need to hear this money saving tip on receiving important legal documents.
- M. has a question on converting Roth 401(k)s to Roth IRAs in order to withdraw funds early for financial independence.
- Another Equifax reveal on driver's license exposure.
- First time homebuyers may be tempted to use their parent's equity to make a cash offer on a home. Scott explains the pitfalls of this approach.
- J.T. shares a tip for an additional way to protect your identity.
- Chad (Central Valley, CA) has a friend that was awarded a $500,000 settlement and is trying to figure out what to do with the money.
- Seth (Birmingham, AL) asks about a portfolio breakdown he's created in his retirement accounts.
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https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin
On today's show: Doomsday preppers, Zombies, crossbows, turning water into wine - the greatest explanation ever of the Backdoor Roth IRA.
- James (Thailand) is recovering from a bankruptcy and has a low credit score. He asks how he can get a loan to move back to the U.S. and get a car.
- Mantracker (Montreal, Canada) needs some tips on finding another job since his will be going away soon.
- Doug (Ohio) has a traditional IRA and asks about the tax consequences when converting it to a Roth IRA.
- Rebecca (Chicago, IL) wants to know if her money is diversified.
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https://www.law.cornell.edu/cfr/text/26/1.402A-1
On today's show: The fight is on to protect and destroy payday lending. Hear the stories of the players, the customers, and how it will touch all of our lives.
- Manuel (Orlando, FL) is currently in a low tax bracket and asks if tax loss harvesting would be beneficial or not to investing?
- A resource so you never forget flower delivery again!
- Andrew (parts unknown) is thinking about going to college and asks what if he chooses the wrong school or he finds out college isn't for him?
- Lonestar (Wyndham, ME) and his wife are both 45. They have a $175k mortgage and ask about using retirement and emergency funds to pay off or down the mortgage.
- Lulu has a brother in jail. She has power of attorney and control over his $95k 401(k) and asks how best to handle the money until he is released.
- Matheus has an invention but isn't sure on how to go about finding the right pricing since it's a new market.
- How just showing up can get you through a difficult time.
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On today's show: John (Apple Valley, CA) has three young daughters and asks about the different college savings options between UTMA accounts and 529 plans.
- Walt (Denver, CO) is part of Gen-X and asks what is the fastest way to turn around a financial situation to achieve your goals quicker.
- The October challenge is here! How would you like to save $640 a year?
- Cathy (San Diego, CA) is in her 50's and owns multiple rental properties. She asks for feedback on her financial plan and paying off the homes.
- Amazon is hiring RVers for the holiday season. A great opportunity to earn some extra money!
- Gandalf shares his story of going from bankruptcy to a credit score of 700 in one year.
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On today's show: - Will you be ready when the stock market crashes again? Discover the steps to take advantage of the next dip in the economy no matter where you are in your financial journey.
- Laria (Melbourne, Australia) asks about the academic research behind factor based investing and weighting certain sectors more heavily than others.
- Dave (Florida) asks for some insight into tax loss harvesting and if it's beneficial or not.
- Viviana (Evansville, IN) wants a job with freedom to travel abroad to visit her family.
- How to save big money on your next pet adoption.
- Financial advice from the players with the easiest job on the NFL.
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On today's show: - A listener from (Compton, CA) has an auto lease that is about to end and wonders if he should purchase or trade in the vehicle.
- Overcoming comparing yourself to others so you can be happy with where you are and with what you have.
- Alvaro is going through a divorce and had to declare bankruptcy. He asks about the steps to become financially independent.
- Kara is newly single and has a house she can barely afford. She asks for advice on paying the bills.
- 401(k) specialists that have a sense of humor.
- Watch out for these car sales tricks that cost you money.
- The Canadian Money Masters have paid off $15,000 of debt in the past year on their way towards debt freedom!
- Quote of the day from Steven Tyler.
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