- What are some tips you can use to save $1,000 on Christmas this year?
- Can you make $3,000 before 9 AM? The perils of day trading.
- What types of scams could you fall for?
- The most valuable lesson learned at an early age (Matt)
Listener questions:
- Is an IRA Rollover or Fidelity Go a better choice (Nala, Maryland)
- Should I rent out my house or sell it (Heather)
- I can't save for retirement right now (Jamie)
- What are the keys to success (Peter)
- How much life insurance should I buy (Roberto)
- Should I switch to another state's 529 plan (John)
- It's tough to see your hard earned money go towards taxes, but with some planning you can pay less - A LOT LESS.
- Why did the stock market drop?
- Going through a divorce with kids and stressed out about money? A listener has some very valuable advice for you.
- Petra is debt free! Hear her inspiring story.
- What is the point of having money? From Jay Leno.
Listener questions:
- How to budget and make sure the kids have everything they need (Nicollete)
- Should you rent out a house or sell it and downsize (Heather)
- Should you sell a car to pay off debt and start a house down payment fund (Alexandra, Texas)
- Should I consider a reverse mortgage (Phil)
Resources/Links:
Reverse mortgages, Wade Pfau - https://www.amazon.com/Reverse-Mortgages-Secure-Retirement-Researchers/dp/1945640006
- Why do many people end up broke? Often it's because they never see the warning signs coming. Breaking the paycheck-to-paycheck cycle and moving along the path to building wealth involves knowing when you're facing a financial cliff and getting help to keep from falling off.
- Where are the jobs in this economy if you aren't earning enough? Katie reports from an economic forecasting seminar she attended recently.
- Does your choice of college for an MBA matter?
- An inspirational story about how adversity has led to resilience. (Daniella, OR)
Listener questions:
- How do you decide between long term and short term investing goals (Rodney)
- I have medical and credit card dent and am not budgeting properly (Kelsey)
- Need an extra $2,000 a month until I start collecting social security (Jan)
- Which books show you how to not gamble with your fun money for investing (Ally)
- How get enough money to travel abroad with a family every year (Diane)
Also mentioned:
- Lessons learned from Mattress Firm closing stores and Sears filing for bankruptcy.
- How having too much money can be hazardous to your health.
- This popular investment with 20 somethings has cratered and Scott says its a good thing.
- As you soon realize everyone improvises with the plans they follow, guilt, disappointment, and feeling bad about yourself goes away.
- Drew Brees was written off as too short to play in the NFL but just became the player who throw the most yards in NFL history.
- Jobs on Craigslist that pay $75k/year with benefits!
Listener questions:
- Are Roth 401(k)s taxed by an employer? (Manuel, Florida)
- Funding college and retirement while going through a divorce and making $11/hour (Julie)
- How to start a small business (Irene)
- Saving a lot but is it enough (Patricia)
- The price of living in San Francisco is very high (Heidi)
- How to start investing in a taxable account (Anon)
Also mentioned:
- When you learn better you do better (Brittney, LA)
- Three things you must do to build wealth at any stage and any age.
- Be aware of what others say you can afford and you'll be much better off.
- Scott rants on people that can't find time for priceless information.
- Holly is now debt free!
Listener questions:
- Valene and her husband are in their 50's, make $65,000 a year and want advice on the priorities of paying down a mortgage vs. saving for retirement.
- Anthony switches to a discount broker.
- Rebecca is upside down on a loan for a truck that doesn't run.
- Walter is in college and needs an alternative to the high minimums some index funds cost for investing.
- Valarie has 50-cents to her name and needs money today.
Also mentioned:
- John (San Antonio, TX) is a college student and shares his wisdom on how to live your desired lifestyle.
Resources mentioned on the show:
https://scottalanturner.com/14-ways-make-money-for-rent/
FeedingAmerica.org
211.org
- The reason why spenders spend and savers save, and how you can go from being a spender to a saver.
- The amazing story of A. and how she paid off her student loans.
- Now is the time to get a deal on a used motorcycle.
- Are you keeping up with the Jones' lunch box? Watch out!
Listener questions:
- Jesse is 30-years-old and in great financial shape, but doesn't know where to put his extra money since he doesn't want a house.
- Janet got scammed out of $76,000 and needs to make the money back for retirement.
- Z asks if millionaires all show off.
- Maxi's car insurance has gone up from a couple wrecks and now she needs help because the payments are too much.
Also mentioned:
- Money saving tips for brides.
- Simple way to protect your medical identity.
Resources mentioned on the show:
211.org
- One listener increased his income by $55,000 over the past year. Scott shares how people can make a lot more money over their careers by negotiating for a raise.
- Dolores (FL) has some inspiring words for those people making excuses about their situation.
Listener questions:
- Matt (Missouri) wants to save interest by paying off student loans earlier in the month.
- Elvis is looking for guidance on breaking the paycheck-to-paycheck cycle.
- Felix is 35-years-old and taking out 401(k) loans to pay for everyday expenses.
- Dony was denied a home loan and asks for advice.
- Sultan has a lot of student loan debt and wonders if it will ever end.
- Sierra's car was hit by a deer and she lost her only source of income.
Also mentioned:
- A website where you can see what amazing things people have done at every age of life.
- Lora shares her favorite InstaPot recipe.
Resources mentioned on the show:
https://www.museumofconceptualart.com/accomplished/index.html
InstaPot ribs - https://tastesbetterfromscratch.com/instant-pot-ribs/
- Scott rants on the $500 Neiman Marcus shoes that have duct tape on them.
Listener questions:
- Andrew (Fairbanks, AK) asks if he should pay $1,800 for an extended car warranty.
- Steven is making less pay at a new job and wonders if he should cash out his 401(k) to start his own business.
- Laken is a single mom and getting no child support. She needs help with her spending plan.
- Nicole (Louisiana) is paying $800/month in car insurance for the family and is struggling to get all the bills paid on time.
- The Dog is a contractor with access to a 401(k) and asks if she should participate if she will not be 100% vested by the time the contract is up.
- Kreate (YouTube) has a question on robo advisors.
- Quitting credit cards when you're in debt and have no emergency cash sounds impossible. Here is what you need to be aware of.
- Kel is IN THE BAND! $35,000 in debt paid off and now debt-free.
- The reality of debt in America and how you can be on the good side of being in debt forever.
Listener questions:
- Carey (Boston, MA) has a 12-year-old and asks what happens to a 529 college savings plan if her son doesn't use it.
- Ken (Louisville, KY) has a son living at home because he can't find a job after graduating. He asks how he should help.
- Gunard isn't sure if he needs a savings account or can just use a checking account for everything.
- Mr. Peabody (Anonymous) asks if prepaid funeral expenses are a good idea for his dad to get.
Also mentioned on the show:
- Big misconceptions about investing revealed.
- Fat Bombs. Nuf said.
- Credit cards hacks you may have never heard of.
- A chance encounter leads to some amazing life lessons.
- Lora is debt free (and with a better credit score than Scott)!
- Resources you can use to deal with customer no service.
Listener questions:
- William asks about travel reward cards and if its better to use them to book trips or get credit back after the trip.
- Jessica's husband is in jail and he was the sole income earner. She is in a bind.
- Andrew wants to put more money in a bank account than FDIC insurance covers. Is it a good idea?
- Carlene's roommate moved out, then she needed a new car. She is stuck in the paycheck-to-paycheck cycle.
Also mentioned on the show:
- The story of some elders who have life insurance policies that may not cover them.
- Credit cards hacks you may have never heard of.
SoundCloud: http://soundcloud.com/zdontherapper
FaceBook: https://www.facebook.com/zdontherapper/
Instagram: https://www.instagram.com/zdon_the_rapper/
- How many 401(k) millionaires are there? You'd be surprised (Scott will tell you). Find out the four things you can do to become one too.
- Scott rants on a new investing book which takes a quote out of context on the first page of the book!
Listener questions:
- Alexis is trying to share with her husband why a used car can be good for the family, and keep their kids safe.
- Gandolf has a question on an article he read about credit freezes.
- Adam is 44 and asks if he is on track for financial freedom.
- Jo is on a fixed income and wonders how to pay off a mortgage, car, and credit cards.
- Thomas has $100,000 in credit card debt for his business and asks if he should use his wife's 401(k) to take out a loan and pay it off.
Also mentioned on the show:
- You are not the average of your past.
- Starr's kids often ask for money advice. Here's where you should turn before making big decisions that could come back to haunt you.
- The best and worst places to live to become a millionaire. Good grief, the editors don't even know where Hawaii is.
- StarLord is stuck at home but stress free because of his family's financial independence. An inspirational story to every listener.
Listener questions:
- Davis asks Scott's thoughts on if you should have $1M before buying a new car.
- Catwoman wants to know the caps and phase outs for Roth IRAs.
Rod (Dunwoody, GA) has a boss he doesn't get along with and needs help in how to deal with the situation.
- Scott (Portland, OR) argues zero percent financing is like borrowing money for free. Is he right?
- Daniella (Trenton, NJ) has a medical bill in collections and doesn't know what to do about it.
Also mentioned on the show:
- The downside of a microwave society and how to overcome it.
- Food is one of your biggest expenses, so how do you keep from overspending on eating out and for groceries? Scott has the answer.
- Every Well, a possible solution if you're sick and tired of being sick and tired.
Listener questions:
- Ron (YouTube) confirms the last 10 years have been a great time to be in the market.
- Roberta (Stockton, GA) has an issue with her husband not being equal with the budget.
- Crystal (Hot Springs, AK) asks for a good home insurance company and what kind to get.
- Charlotte is ready to start an emergency fund but doesn't know where to get the money for it.
- Will (Nebraska) wants to know how to get out of a car lease.
Also mentioned on the show:
- It's getting harder to find good rental properties because of Big Data, but don't give up hope.
- One high school student turns a hobby into a thriving business.
Links mentioned in the show:
https://coppellstudentmedia.com/81659/special-features/cameron-koriala-hook-kids-preteens-with-fishing-business-get-head-start-on-career/
- http://swapalease.com
- Scott rants on bad journalists who are only telling half the story. Watch your money!
- Things to consider when starting a business.
Listener questions:
- Heather (St. Paul MN) asks if the debt snowball or debt avalanche is better.
- David (SoCal) has some stock options he wonders if he should keep.
- DeShawna (Hartford, CT) is a bride on a budget and asks what is reasonable to spend on a wedding.
- Roger wants tips on getting his wife on board with the early retirement movement.
Also mentioned on the show:
- When the call comes to show your home to prospective buyers.
- Fertility treatments are ultra expensive but a new option is 1/3 the cost of normal prices.
- Fear keeps people from doing a lot of things, but for everyone who has been afraid to invest you'll want to hear the stories of the people who overcame their fear and built great wealth over the past ten years.
- Scott rants on a Billionaire giving out fantastical advice about the future.
Listener questions:
- Mandy (London, UK) has $40,000 (UK) in debt and wants help with how to pay it off.
- Anwar (South Africa) is 31-years-old and needs some help educating himself on getting out of a heap of debt.
Also mentioned on the show:
- Red alert warning - Are you aware your taxes could go UP next year? You have to do something TODAY or you might get hit with a big tax bill.
- Nigam is a first time home buyer and asks about putting 20% down.
- MaKeshia has a tip on staying away from payment plan cosmetics.
- There is a huge difference in how much someone 'makes' vs. how much they take home and have in the bank. When you can identify the difference you can avoid some clever marketing tricks.
- A new side gig pays $7,500 for 3 days of work. You won't believe what it is.
Listener questions:
- April (Florida) is having problems binging on buying stuff and breaking her spending plan.
- Angel and her husband ask for techniques they can use to get out of debt quicker.
- Justin asks about day trading as a career.
Also mentioned on the show:
- Red alert warning - What are the real earnings you can expect from MLMs?
- Two people say they made a 'stupid' decision to borrow for a car. Was it a good decision or not?
- Anonymous ((Portland, OR) shares a lesson picking your top priorities in life.
Show links:
https://www.cs.cmu.edu/~dst/Amway/AUS/stats.htm
https://www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/ActiveVPassiveInvestorReturns.pdf
- Everyone is bad at money at some time or another in their life, right? Scott shares the first step in figuring out how to improve any situation you are in.
Listener questions:
- Aida (California) asks about borrowing from a 401(k) to pay off debt.
- Juan is a 24-year-old college student with $1,000 to invest.
- Grace is 31 and feels like a big failure. Scott tries to convince her she is not.
Also mentioned on the show:
- Red alert warning - fake check scams have cost people $25 million last year.
- Scott's neighbor Bob used to step out in front of speeding cars to get them to slow down. The result might surprise you.
- DaMama will inspire you to take things one small step at a time, if that's all you can do for now.
- Theranos is DRT - Dead Right There. Lessons learned from this giant investment scam.
Listener questions:
- JB (Charlotte, NC) asks about the high fees in his target date fund and wants to know if there is a better option.
- David (Seattle, WA) is age 68 and asks how to start investing if you're retired.
- James is setting up an LLC for his rentals and asks if his investment accounts should be under the LLC too.
- Willow's son just bought a house and she wants to know if home warranties are a good buy.
Also mentioned on the show:
- Have you heard of cleaning grills as a business idea?
- Scott shares a simple way to start money conversations and avoid that awkward feeling.
- The inspiring story of a 50-year-old getting his first chance at being a major league baseball coach.
Listener questions:
- Gwen wants to know if Scott is taking on clients.
- Val (Quebec, Canada) just got a master's degree and has a question on investing.
- Lando (New York City, NY) is getting married and asks for tips on combining finances.
Also mentioned on the show:
- Alexandria (Atlanta, GA) won't make this mistake again.
- Broke College Grad (Cambridge, MA) just wishes we would all get along.
- Jason recalls his first debt-free paycheck.
- What is a fiduciary and why should you care?
- Marylin Manson is going back to their old ways. Good for profits, bad for customers.
- Scott and Katie share stories of people that are sure to inspire you.
Priscilla
Michelle S.
Debtfree Dreemin
Ashley (Dallas, TX)
Michelle
The Frugal RN
Kristina
Christine
Amber
- Scott rants on people who act higher than everyone just because they know have the knowledge others don't.
- Water cooler moment - can you explain inflation? Most people can't but after this you'll be able to.
Listener questions:
- Alison asks if it's normal for investment companies to not be FDIC insured.
- Jim's girlfriend just got a car loan and he's trying to help her see the value of financial independence.
- Daniel discovers why saving is important.
Also mentioned on the show:
- Emma (Kansas) recalls her first ever big purchase - a Barbie limo!
- Red Alert Warning - Our military are under attack by greedy politicians.
- We salute Shannon for staying consistent.
- Scott reports on his recent visit to the mall and how to avoid all the temptations like new shoes and a Cinnabon!
- Check out this app which tells you where kids can eat free.
Listener questions:
- DaMama asks about keeping unused credit cards open and if she should have a debit card for her investment account.
- Armani (Canada) asks if there is a similar service to Vanguard.
- Jason shares how his in-laws went bankrupt as real estate investors during the last recession.
- Adam has a tip for people wanting to avoid student loans.
Also mentioned on the show:
- The dangers of owning a franchise.
- Willow shares the impact the show has had on herself, her family and her friends.
- Mama loves a budget
- Big J has some big savings and is a millionaire! Discover how his family did it.
- How spending $28,000 cost one 30-year old a million dollars. Avoid this catastrophic mistake!
Listener questions:
- Dany (Mount Vernon, NY) has maxed out the savings for his retirement accounts (WooHoo!) and asks about a cost effective way of getting a CFP.
- Hammer Time shares his thoughts on saving/investing for young kids.
- Denise read an article about how she would end up paying more money if she stopped contributing to her retirement and paid down debt instead.
Also mentioned on the show:
- Gronk of the New England Patriots shares some car buying advice with a teammate.
- The costs of setting up a 401(k) for solopreneurs and business owners.
- Reva has learned how to spend and budget by watching her parents make bad decisions. Hear how you too can choose success.
- Nila filed for bankruptcy and just finished paying off her student loans. She is in the band!
- You could be doubly underwater on a car and end up owing a big bill.
Listener questions:
- Jason wants to know the pros/cons of the no debt crowd vs. good debt crowd.
- Joe asks about annuities and if they are good for saving.
- Shane is thinking about having his parents add him to their credit card and wonders if there will be an impact to his credit score.
- Jon is 27 and has the option of paying $11,000 for service for his job so he can retire two years earlier and still receive pension benefits.
Also mentioned on the show:
- Scott had it right all along about one of his ideas from years ago.
- Scott is back from vacation with a story on how to not get lost on your path to financial freedom.
- Katie gets a new travel credit card and shares the pros/cons of it.
- JT's extended family is constantly scheduling budget busting activities and he asks for advice on what to do.
- Kirstie (Coffeeville, KS) is age 25 and wants some advice on pre-paying the interest on student loans.
- Neo (YouTube) suggests borrowing from a 401(k) and using the money to invest in rental properties. Is this the best path to building wealth?
- Claire is a personal finance blogger and has a tip on when it's ok to buy luxury brands.