What are NFTs (Non Fungible Tokens) and can you profit from them like people have profited from Elvis's hair?
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LISTENER QUESTION/COMMENTS
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What can I do about the huge utility bill I got from this winter (Jax, Texas)
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TOPICS
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What can go wrong with home warranties?
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ENCORE
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Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
You haven’t seen a real bear market until you’ve lost 90% of your money.
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LISTENER QUESTION/COMMENTS
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Is it smart to cash out a brokerage account and transfer to a 529 Plan (Dan)
What are your concerns about inflation with all the new debts and stimulus money the government is passing around (Zachary)
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TOPICS
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529 and income tax deductions
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ENCORE
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529 Tax Savings
https://www.savingforcollege.com/article/how-much-is-your-state-s-529-plan-tax-deduction-really-worth
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
"There are many paths to success. The best one is the one that allows you to use and develop your innate strengths. Those will look different in different people." - Michael Hyatt
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LISTENER QUESTION/COMMENTS
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What can you tell me about setting up a sinking fund (Dana)
I figured out why Chase would not transfer my funds (Christina from Passadina)
Should I transfer everything to my Vanguard account or just leave it where it is and pay a $20 quarterly fee (A from Washington State)
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TOPICS
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Why it's a great time to travel abroad, and what you need to know about it.
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ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Do you have gain thinking or gap thinking? When it comes to your retirement account balances, what matters and what doesn't.
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LISTENER QUESTION/COMMENTS
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I'm really interested in the FIRE movement and feel it is so close now with this inheritance (Rachel)
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TOPICS
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Buy discount food in bulk online.
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ENCORE
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Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Here's a unique way to understand risk and figure out what the right amount is to take. Too little you won't grow your money as much as you could. Too much, and someone could make 400% returns on $0. Which is $0 for the math wizards out there.
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LISTENER QUESTION/COMMENTS
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Someone gave advice to cash out some stock and pay off the house as soon as you get off the phone and I wonder if this is good advice (Dan from New Hampshire)
Chase is being completely unresponsive to my IRA transfer request (Christina from California)
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TOPICS
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What it's like to live on Hoth.
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ENCORE
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Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
There are money whisperers that get into our brains and cause us to do both good and bad things with money. Listeners write in what they've heard and we look at what the outcomes could be.
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LISTENER QUESTION/COMMENTS
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Money makes the world go ‘round (Samantha)
Make wise choices with purchases (Deneen)
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TOPICS
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Snoop Dog and Gene Simmons are doling out investment advice. It must be good.
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ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
There are money whisperers that get into our brains and cause us to do both good and bad things with money. Listeners write in what they've heard and we look at what the outcomes could be.
================
LISTENER QUESTION/COMMENTS
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Your employer and the government will take care of your retirement (James)
When you need something buy it cheap, so long as it has good reviews (Emma)
My parents explained whole life Insurance is good and bought some Gerber policy for our kids over 10 years ago (Jay, Detroit)
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TOPICS
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Is a house a good investment or not? The answer will surprise you.
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ENCORE
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Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
A new listener realizes she doesn't know much about finances. In this financial breakdown we outline where to get started and where to go next.
GameStop stopped being a game for a bunch of losers. Scott repeats his time honored wisdom - I TOLD YOU SO!
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LISTENER QUESTIONS:
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I need direction on the best moves for my future. And to quit piddly spending (Amy)
I have about $5,000 in a standard brokerage account that was set up when I was born, that I'm not really sure what to do with. Would pulling it out and taking the tax hit to max out my IRA and add to my savings be unwise (Michael)
Can we roll an old Roth 457 into a new employer's Roth 457 if their fees and fund choices are good or can we roll it into a regular Roth IRA at Schwab where we can pick the funds/fees (Angie)
On the Roth IRA, I'm only allowed $6,000 a year. So if I go over that amount with gains, do I get fined (Pablo)
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ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
The GameStop stock roller coaster has come to the dip. What are the lessons here and what is the real way to build real wealth?
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LISTENER QUESTIONS:
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I am intrigued by what happened with game stop stocks and the reddit fiasco (Deanna the Dog Walker)
I would like to know more about how to keep our money instead of loaning it interest free to Uncle Sam (Julia)
I'm really having a hard time right now because I can't afford laptop and having online class without laptop is so hard (Nadine)
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ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Some new and exciting things most people don't think about when it comes to protecting their money so that it can grow faster (Hour 2).
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LISTENER QUESTIONS:
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If my parents are primarily living on social security, what type of asset allocation should they have (Clarissa, Parts Unknown)
What are your thoughts on Facet Wealth (Rodion)
I feel that I am constantly battling the message that our "Consumeristic Culture" portrays to people (Ryan)
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ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Some new and exciting things most people don't think about when it comes to protecting their money so that it can grow faster (Hour 1).
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LISTENER QUESTIONS:
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What are the downsides of investing in cryptos? Could you really lose all your money (Gabrielle, Pensacola FL)
Now that the airlines are struggling and airline points aren’t as valuable as they once were for credit cards, what are some good credit card options (Samantha, San Jacinto CA)
Is it correct I could pull money out of a 457 account before age 59 1/2 (Jordan, Roanoke Virginia)
Where can I go to get more educated about 401(k) plans (Channing, Fort Worth TX)
How can I get $20,000 fast without a loan (Kimberly, NY)
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ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Have you ever been frustrated trying to get people listen to your amazing advice? You're not alone. Today we explore what to do to get people to make the best financial choices.
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LISTENER QUESTIONS:
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I am adrift at sea and looking to find my way (Heartbroken in Houston)
Can a 1099 contractor do both a SEP IRA and a Solo 401(k) (Andrew)
Do you have any rules of thumb on converting a Traditional IRA to ROTH IRA (Loren, Minnesota)
IN THE BAND: Matt & Maria from the UK pay off their house.
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TOPICS:
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Snake-oil salesperson is finally going to trial.
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ENCORE
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AARP Social Security Calculator
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Scott shares a new book by Paul Merriman that you need to read. Paul has a new way to help your adult children invest so they can retire millionaires.
LISTENER QUESTIONS:
What happens to my stellar credit score if I marry someone who’s credit score is horrible (Sandy)
Is the SPY or SDY fund better for the next 10 years (Dany, New York)
I need a loan to setup a business. How do I go about doing that? (Margo)
If you’re just getting started with save, spend, and share jars for a kid, what percent should go in each (Doreth, Rhode Island)
TOPICS:
If you could go back in time 5 years, what would you do differently?
RED ALERT WARNING: This is how salespeople trick you into spending more money.
=====
Get the book We're Talking Millions:
https://www.amazon.com/Were-Talking-Millions-Supercharge-Retirement-ebook/dp/B08N6XLDR9
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Does the personal finance industry have the same problem discussed in this Doctor's view: "TV’s celeb docs led people astray during the pandemic. Now that Dr. Drew has COVID, we should take it as a reminder to stop listening to these stooges."
LISTENER QUESTIONS:
I have about $150,000 in the Simple plan. If/how/when should I roll it over (Kyle, Florida)
A friend asked me what is the advantage of a Roth IRA over a regular IRA besides paying no taxes when you retire (Angie, Pennsylvania)
TOPICS:
Why it's Santa's fault Scott was off the air last week.
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Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
It's a new year and nobody should have to listen to more mindless drivel about goal setting, resolutions, checklists, 10 things you need to do with a budget, and 18 things you can do in January to solve all your money troubles. Here's how you change your life and make it last.
LISTENER QUESTIONS:
IN THE BAND: I just paid off a credit card that had a balance of $4,000 for over 10 years (Jessica)
It’s 2021 and I've already maxed out HSA and Roth IRA. What next? (Andrew, Facebook)
What are your thoughts on Bitcoin (Pete, Facebook)
TOPICS:
Please send me your cat pictures.
=====
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
Are users of the popular Robinhood app investing for the future or gambling away their lives? The imperial federal overlords are weighing in on how millions of people are 'allegedly' missing the mark.
LISTENER QUESTIONS:
Vanguard ETF's vs. Vanguard Admiral funds, should I use on over the other (Scott, Neenah, Wisconsin)
I'm trying to max out my 401K next year and trying to determine the percentage I should contribute since I should also be receiving a bonus next yea (Catwoman)
IN THE BAND: Because of the advice given through the show, my wife and I managed to pay off both our car loans this year (General Kenobi, Birmingham Alabama)
Mom just got a life insurance payout and my brother has big ideas for the money (Jessica, Hawkinsville, Georgia)
TOPICS:
What are 9th graders learning that will help them succeed in the future. Nothing about money.
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Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://go.scottalanturner.com/best-money-courses
Scott is back from Disney in Orlando Florida and shares his travel experiences and how you can apply them in your own life in 2021 to live a life full of awesomeness.
LISTENER QUESTIONS:
Does carrying a balance help your credit score (Andy, California)
I have $1,500 to start investing should I go with Vanguard or Betterment (Pablo)
Based on the numbers in my spreadsheet, should I refinance to a 30-year loan to pay down my house or invest instead (Dan, New Hampshah)
TOPICS:
A new way to think about money will help you spend and save wiser.
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Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://go.scottalanturner.com/best-money-courses
Many of 'financial experts' have gotten wealthy by selling advice to others rather than by using their own advice. This doesn’t imply that their financial advice isn’t useful, only that we don’t 'know' if it’s useful. Who should you trust?
LISTENER QUESTIONS:
If I were to pick some ESG funds, what percent of my portfolio should they make up (Aleisha)
What taxes will we owe on investments we solid in the spring to get through the pandemic (JULIANA, Maryland)
If I have the cash should I still pick a payment plan when shopping online (Victoria, Delray Beach, Florida)
TOPICS:
Day trader loses $127,000. Is he alone?
Guess who's moving to Texas to save big money avoiding taxes?
=====
https://ofdollarsanddata.com/rich-as-i-say-not-as-i-do/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Do you have any advice on becoming financially independent like where to start (Darren, Switzerland)
Scott shares the first three steps to building a life of freedom.
LISTENER QUESTIONS:
Can I withdraw money from a ROTH IRA before age 59 1/2 without penalties and interest (Roman, Belgium)
Can someone that’s a fiduciary still sell me investments in my 529 plan that are commission based (Amberlee)
Is it a good idea to pay down the mortgage with a $20,000 bonus (Jackie)
What are some cheap ways to save on energy bills during this winter (Olivia, Maine)
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Do you know what you should you being doing with a Roth IRA to make it grow as much as possible? Scott breaks it down.
LISTENER QUESTIONS:
Is getting a check as a payment from someone on Craiglist a scam (Pepsi)
What type of adjusting should I be doing to my 401(k) (Lamika, Illinois)
I’m totally upside down on a car loan and don’t know what to do (William, Cypress, Texas)
TOPICS:
RED ALERT WARNING - Bitcoin scam
Unique Christmas gift suggestions.
=====
Not Mandles - https://www.kringlecandle.com/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
A checklist of naughty/nice things to do for your money before the year winds down.
LISTENER QUESTIONS:
I own about $142,000 worth of whole life and pay $2,000 a year for it. Is it worth keeping (Amanda, Pennsylvania)
What’s the best way to approach family members about not buying gifts for each other this year (Cristina, Pineville, LA)
TOPICS:
How to get a great deal on next year's vacation.
=====
https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
No matter where you came from or where you are, realize the turbulent times are what build your character for the future. And when you hear about the bad attitudes of some people, you'll be glad about your financial mistakes.
LISTENER QUESTIONS:
Should I refinance my house to save for a new house (Kacie)
Reasons I'd like to get a new car (Catwoman)
At what point should I get a certified pre-owned car (Doug)
TOPICS:
Sacrificing Retirement Savings to Help Family Members Can Be a Mistake
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Thanksgiving is coming up and it's one of the rare opportunities most people have to get together with family and discuss the future. Scott gives you the 'in' and getting those challenging conversations going so you'll have less worry and stress later on.
LISTENER QUESTIONS:
Where should I invest my extra savings (Maddie)
The CARES Act allows $300 in charitable giving (crazy da real biz, Twitter)
Will bank surfing impact my credit score (Lara)
TOPICS:
Another Ponzi scheme consumes investors
Vegan Thanksgiving ideas.
Scott shares the TV shows they are using to teach his kids valuable life lessons.
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
It's perfectly legal for companies to charge more for products and sell high priced commissioned products when there are lower cost alternatives. All they have to do is tell you with a smile they are doing it. It's costing people BIG money in college savings, retirement, and financial freedom sooner!
LISTENER QUESTIONS:
Any good year end tax moves now that the election is over (Troy, Boston, Mass)
Is $6,000 a good amount to donate to charity to avoid taxes (Jess, California)
What do you think of Sesame Cash for a college student to build credit (Brenda, New Hampshire)
=====
Fidelity Charitable Tax Tips:
https://www.fidelitycharitable.org/guidance/charitable-tax-strategies/reduce-taxable-income.html
Coffee Cheese:
https://www.veldhuizencheese.com/shop/texas-cheese-basket/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
FI/RE - Financial Independence / Retire Early has grown more mainstream and now comes with many variations of how to achieve it and your big dreams. Listen to which path may be best for you to leave the rat race.
Plus, Scott introduces several other FI/RE flavors nobody has ever heard of until today.
LISTENER QUESTIONS:
My son needs to shop around for some car insurance (Billy, The Hills)
Is it OK to upgrade my 10-year-old car if I finance half of it (Catwoman)
What do you think of CoastFIRE (Alex)
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ