- Celebrity Tweets have been known to cause ripples in financial markets (including your 401(k)!). Hear about the latest one from Kylie Jenner.
- Nadira (Philadelphia, PA) asks if investing is the best way to make extra money.
- Have you considered a cash-out refi to make improvements on your home?
- Consumer Reports vs. the J.D. Power Associates Rankings for vehicle quality.
- Kylie Jenner sends a tweet and causes a $1.7B loss.
- Tony is 27 and wants to purchase a house in a couple years and asks where the money should be saved to get the best return at the lowest risk.
- Ivette is starting over after a job loss and asks about using Stash and how best to diversify.
Links mentioned on the show:
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- Mike (San Antonio, TX) is deploying to Korea for a year and asks if he should sell his truck to get rid of the payment, knowing he'll need to buy a new one when he returns.
- There is a new IRS tax refund scam to be aware. Protect yourself and your elders!
- Curtis has $4,500 in vintage cash and isn't sure what he should do with it.
- Dan convinced his parents to get some professional advice for their retirement planning. Learn how you can make sure your parents have enough money for life.
- The blind bad figures out how to beat the market in a span of 10 seconds. You won't want to miss this!
- What is mailbox money and why should you get some?
- Eric was approached about purchasing indexed universal life and wonders if it's a good idea.
- Katie gets some advice on buying multi-family housing.
- Have you tried figuring out how your investments would look if you had bought them years ago?
Links mentioned on the show:
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Backtest your investment choices: https://www.portfoliovisualizer.com/backtest-portfolio
IRS Tax Refund Scam - https://www.irs.gov/taxtopics/tc161
- Is it possible to make money with collectables like gold/silver, antiques, or paintings?
- Anthony asks about transferring an IRA.
- Gandolf is deciding where to keep his investment money.
- Crystal has a question on not getting ripped off with work from home businesses.
- If you're 50+ or your parents are looking to do something in retirement Scott has a resource for you to check out.
- Travel hack for saving money on your next car rental.
- Money saving hack for all the moms when it comes to school pictures.
- Do you know what your spending triggers are? @debtkickinmom on Instagram has some tips for you.
Links mentioned on the show:
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- Dolores (Michigan) shares a story about how a $108 car inspection saved her from buying a $5,000 lemon. Follow her tips for your next car purchase to keep from buying a dud.
- Kelly asks if mortgage accelerator programs worth $3,500 to cut years off your mortgage?
- Diea and his wife have credit scores in the 500s because of outstanding debts in collections. He asks if it's better to setup payment plans or do a lump sum payoff.
- Bologna magazine has their top picks you should ignore for 2018.
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https://www.wikihow.com/Follow-the-Mortgage-Accelerator-Plus-Program
The magic penny is being used to rope people into multi level marketing. How the magic penny works its magic - for others.
- Edward Scissorhands wants to manage your money. Their illustrations only give you half the info you need so buyer beware!
- The new tax code takes away a deduction many people were counting on. How will it impact your taxes?
- Are you so broke you're eating bagged cereal?
- Tony is in Chapter 13 bankruptcy and is struggling to make the payments.
- Julie is age 53 and needs some assistance from an advisor to see if she is on track.
- Nikki (TN) asks what type of investing options are available for small business owners.
- How are real estate infomercials using returns to sound more impressive than the returns really are?
Links mentioned on the show:
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- Tyler earns thousands of dollars a month with Amazon FBA. Is retail arbitrage something you could do to make more money on the side?
- Lynn's boyfriend pays $5,000/year for prescription drugs and they have been charging it to a credit card. She asks if there are an assistance programs to help.
- What Prince can teach us about the importance of a will.
- Rita's husband just lost his job and is finding the ones in the salary range he desires require a degree that he doesn't have.
- Has the market really fallen that far?
- Amanda (Florida) asks if it's better to have one IRA or multiple IRAs.
- Brian has a paid off condo is almost debt free!
Links mentioned on the show:
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https://www.medicareinteractive.org/pdf/SPAP-Chart.pdf
https://www.medicare.gov/part-d/costs/coverage-gap/ways-to-lower-drug-costs.html
https://store.nolo.com/products/quicken-willmaker-plus-wqp.html
The crew has come down with the black death (flu). But we got the intern to sift through the archives to pick an episode that was slightly above average.
Here is the original show description:
- Make a spending plan like a pro.
- Derek (Nashville, TN) has a question on the future value of money.
- Aaron asks how to teach kids about money.
- Hameed (Baton Rouge, LA) asks what should I do?
- Roger (Cranston, RI) asks if he is on the right track.
- Dustin (Llano, TX) is looking to be debt free by 35 and has a question on goal setting.
- What did Picasso have to say?
http://scottalanturner.com/show142
Links mentioned on the show:
Latte Factor Calculator = http://scottalanturner.com/tools/latte-factor-calculator/
Investing Calculator = http://scottalanturner.com/tools/investing-calculator/
Links mentioned on the show:
This show originally aired September 21, 2016
- Chad asks about setting up a Roth/Traditional IRA to avoid getting fee'd to death.
- The good times caused one person to lose $4M of his own AND his friends and family's money.
- Julia is looking to become an author and wants to know how to get started.
- How is bitcoin doing for you? One person is counting on it for their pension.
- Adrian is 16 and would like to start investing but he's a minor.
- Jesse is about to have $85,000 in student loans paid off and asks about getting started investing.
- Last minute Valentine's day tips.
Links mentioned on the show:
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On today's show: Jess (New York) is getting ready to close on her first rental property and asks about investing some of her emergency fund in stocks.
- Jason would like tips on where to buy life and disability insurance.
- Quicken Basic for budgeting won't cut it for your reporting needs.
- JT is 24 and wants to build his credit history to get a home. He asks if paying rent to his parents without a lease will hurt his chances.
- Travel hacks to get discounted flying upgrades.
- Jennie owes the government $37,000 because her ex husband wasn't paying taxes, and she asks what she can do.
- How's that bitcoin investment treating you?
Links mentioned on the show:
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On today's show: Hear how Rachel paid off $70,000 in student loans, car loans, hospital bills, and credit cards.
- Jak (U.K.) has 4,700 in credit card debt and asks about balance transfers as an option to pay more towards principal.
- Gina is 60 years old and finds herself unemployed and asks for help on what to do.
- Bob (New Jersey) wants to know about the comparison between one big mutual fund vs. several smaller mutual funds that make up the same thing.
- February is clean your chompers month. Here is where to get dental discounts for your kids.
- You can know hear the Millionaire Money Minute every day on Alexa.
- Money Woman Abby shares the power of habit.
Links mentioned on the show:
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On today's show: The many lessons that can learned from a simple trip to the grocery store. Get your money bags open for all the tips!
- Carlos came up short in his bank account and got whacked with an overdraft fee. How can he recover the money?
- Are you saving or spending during these boom times?
- Raiin (San Antonio, TX) has relatives that are bad with money and wonders how he can help them.
- The Stupendous Yapi makes an appearance and another bold prediction.
- Jazzmine wants to know if you need qualifications to invest.
- Lilly (Pikeville, KY) is going through a divorce, unemployed, and is trying to figure out how to supplement her income.
- Matthew asks about starting a Roth IRA while he's only 20 years old.
Links mentioned on the show:
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On today's show: Payday lenders are getting a pass thanks to the dismantling of the Consumer Finance Protection Bureau. Your retirement plan will be dismantled next.
- Alan (Baraboo, WI) is trying to decide who to name as beneficiaries on his life insurance and pension.
- Gabriel is in her 30's and needs help understanding how to balance spending with unexpected events.
- Dan is 16 and trying to use his money effectively.
- Tiarra (Detroit, MI) hates where she lives and wants a better life for her husband and their four kids.
- Beam is a new savings account with a whopping 5% interest rate. Scott investigates if it's for reals.
Links mentioned on the show:
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Seven misconceptions about car loans
On today's show: Voq is in her mid 30's and her $25,000 in credit card debt has her lost and caused her to give up hope.
- Jeff (Singer, WI) is paying his financial advisor on commissions and is wondering how much it's costing him.
- Have you been pwned?
- Jessie (Rhode Island) is unsure of what to do after college.
- Brianna asks about dollar cost averaging and figuring out what an investment would really look like over time.
- Jason is 32 and has an old 401(k) but his new employer doesn't have a 401(k). He asks what he should do for investing.
- Social stocks might make you feel good, but you end up with less money.
Links mentioned on the show:
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On today's show: Ash won $120,000 playing the lottery. The new money has caused a retirement saving issue he needs help solving.
- Beware of this money behavior that strikes this time of year and can hurt your finances.
- Blake is a junior in college and has enough money in a Roth IRA to pay off his student loans. He asks if this is a good idea.
- Mellisa (Takoma, WA) is 24 and shares some details on how she and her husband have banked nearly $250,000 for retirement already.
- Money Woman Abby on coffee vs. debt.
- BitCoin in your IRA?
- Karen has a 61 year old mom she's trying to help get started investing, because it's never too late.
Links mentioned on the show:
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The Moneyac Workout Playlist on Spotify: https://open.spotify.com/user/scottalanturner/playlist/7o5Wr0ku6PuJbQJY49QpPu
On today's show: Financial tips to build your wealth are everywhere if you're open and looking. Scott shares a few golden nuggets found at a recent weekend activity.
- Eric (York, Pennsylvania) and his wife want to prepare to leave the workforce early but they have all their money tied up in pensions and retirement funds that come with an early withdrawal penalty.
- Tilly and her husband have just crossed the $1M mark and are only in their 30s! She asks what should come next.
- Kim is having to support both her parents and sister and it's eating into her savings.
- Leah (Canada) has one credit card giving her trouble getting paid off and asks for help.
- LuLaRoe is under fire for their sales practices and fighting being labeled a pyramid scheme. Over 100,000 people have paid $5,000 or more to start their own business. What you need to know.
- The greatest exercise you can do today for your finances.
Links mentioned on the show:
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On today's show: Creative and budget friendly ideas for things to do on a date night, with your kids, or friends. Valentine's day doesn't mean you have to break the bank.
- Sebastian is a high school senior, bored with school, and not sure what he wants to do.
- Hammer Time has a money saving tip for tax prep.
- Deanna the Dog Walker has a 2018 update.
- Susan is 62 and owes some debts to the Bank of Evil but can't pay them. They aren't willing to help her and she asks what she should do.
- Janus (anonymous) is a teacher with $178,000 in combined debt, no retirement savings, and asks for guidance in her situation because the debt has affected her health.
- A unique way to potentially make money with seat options (no, not those options trading thingys).
- Onimole (Ashland, OH) has a seriously ill father and asks how he can afford $17,000 a year for college.
Links mentioned on the show:
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On today's show: There are two types of insurance that can make or break a financial plan, and very few people have them. Are you covered?
- Ann is about to be debt free and asks for some final advice on tackling her remaining debts.
- GIselle (Miami, FL) is juggling a lot of debts and Chapter 13 bankruptcy and needs some guidance on what to do.
- Anonymous has a company matched 401(k) to 6% and wonders why they keep bothering him to increase the contribution to 10%.
- Justin asks why people who draw Social security and Supplemental Security Income struggle.
- Monica (Ypsilanti, MI) is in a small town where jobs are hard to come by and is trying to get ahead.
- Max asks if Scott has found favor with the man-bun crowd.
- We tried Blue Apron, here's what happened.
Links mentioned on the show:
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On today's show: Ric (San Antonio, TX) has heard both sides of the argument of paying off your house early or investing, and wonders which is best.
- DJ (Cali) asks about the taxation of crypto currency.
- MoneyWoman Abby shares the true cost of fast food.
- Ty (Colorado) just graduated college and is almost debt free. He asks how to get start his adult life with a strong financial outlook.
- Please ignore the following terrible advice from certain mortgage lenders.
- Rob's wife has recovered from breast cancer but the treatment wiped them out. He has two daughters in college and asks for advice on how to recover financially.
- Grove is a new service for discount financial plans. Is it right for you?
- Simple things can improve your business dramatically.
Links mentioned on the show:
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On today's show: Icheb gets asked by a friend to attend an retirement planning meeting and gets pitched on a whole life policy. What does he need to know before making a decision?
- Melissa (Takoma, WA) and her husband are 24, and working on their plan for FIRE. She asks for some tips on where to allocate their resources to hit their 8-10 year plan.
- DJ asks how to put money away for his daughter that can't be touched and she can't blow.
- Nicole purchased a parka from Iceland and now it's falling apart. Customer no-service is no help, so she asks how to get a refund/replacement for her purchase.
- Employees at discount brokers are doing not-so-discounty things.
- The Swedish chef pays off $42,000 in debt.
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On today's show: A look back at the bold psychic predictions of the past few years of the financial pied pipers. Their advice COST customers an average of $60,315.91. Be warned.
- Chad points out a no minimum fund from Schwab to roll a 401(k) into.
- Sharon saves $285 on a medical bill just by asking.
- Luke wants to verify that simple index investing is superior to 'good growth stock mutual funds pushed by the financial pied pipers.
- The great 2015 robo experiment has come to an end.
- Alexander has $40,000 in student loan debt, collectors calling him, and wants to free himself from overwhelming debt.
- Who Thought Cat Cafes Were a Good Idea?
Links mentioned on the show:
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Schwab Total Stock Market Index Fund
Active vs. Passive investing research studies:
https://advisors.vanguard.com/iwe/pdf/ISGIDX.pdf?cbdForceDomain=true
https://us.spindices.com/documents/spiva/spiva-us-year-end-2014.pdf
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.479.3099&rep=rep1&type=pdf
https://www.wsj.com/articles/todays-catty-question-who-thought-cat-cafes-were-a-good-idea-1515513369
On today's show: Jar Jar Binks (anonymous, parts uknown) is 25, earns $33,000/year and is trying to figure out how best to divide up his income.
- Dave (Bismarck, ND) parents must take required minimum distributions (RMDs) but don't need the money. He asks what their options are.
- 2018 is going to bring a wave of impressive investing returns you need to be aware of.
- Tara is trying to demolish her debts while still having a life and get out of living paycheck-to-paycheck.
- The word of the year that can make all the difference in your life.
- Scott ends his Betterment experiment. Hear why.
- Kevin is a high-school senior and shares what he's learned about money so far.
- Moneyacs share their 2018 big goals.
Links mentioned on the show:
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On today's show: Have you heard of job insurance? It's time to seriously think about getting some to protect your greatest asset.
- Tax savings tip if you have young kids in private school.
- The Magnificent Yappi has another bold prediction come true. Send him your money!
- Jennifer wants a book recommendation about getting started in real estate.
- Tabasum has $8,400 in debt and can barely make the minimum payments to get out of debt.
- Nicole (Atlanta, GA) had her employer switch 401(k) providers and she asks for guidance on what to pick.
- Lottery winners are sharing their tips on how to win the next jackpot. Better listen to them!
Links mentioned on the show:
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On today's show: Charity is 48 and has $90,000 in student loan debt while making $15 an hour. She is desperate for some help to get out of debt and stop living paycheck to paycheck.
- Daryl's daughter is 22 and has $500 in an old 401(k). He asks what's the best thing to do with the account.
- Chad asks about the new Grove service for financial advice.
- How an animal hospital is beating the competition and what you can learn for your own small business.
- From waiting tables to growing dog treats, Jasmine Galligan turned her passion into a thriving business.
- Piyush is a student and wants to get started with investing. He asks about the safety of robo advisors for students.
- How to build lasting change in your life.
Links mentioned on the show:
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On today's show: Ric is looking for the best budgeting tool and how to plan for unexpected expenses.
- Shirley (Galveston, TX) asks if there are additional benefits available beyond Social Security and disability benefits.
- Gandolf (New York) gets dividends from a brokerage account and asks what he can do with them.
- Scott (Parts Unknown) wants to know if it's better to contribute to a 457 or 401(k) if you're considering early retirement.
- Bateaux and his wife paid off $100,000 and is debt free!
Links mentioned on the show:
Please share the show by visiting http://ShareTheShow.com
Work part time and get free lodging around the world - http://wwoof.net/
Track your debt payoff for free - https://undebt.it/
Benefits.gov - https://www.benefits.gov
On today's show: Kevin chimes in on the new tax reforms and says Scott would be a good messenger for the white house.
- Dr J. asks at what point should you not get comprehensive and collision insurance on a car?
- Neimole (Papua New Guinea) asks about the difference between interest bearing accounts and buying shares.
- Hammer Time calls Scott out for buying cryptocurrency after advising against it.
- Use Credit Karma's tool to track down your unclaimed cash.
Links mentioned on the show:
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