Topics: Hear the story of a homeless cocaine addict who became a millionaire. The secret sauce of building wealth isn't a secret.
- Dancer Jordan gives an update on his Canadian tour. He has a weird paycheck situation and asks how to budget for it.
- Seven of Nine got a newsletter saying ETFs would not be stable in the future. Could this be true?
- Another tale of employees making uninformed savings decisions that cost them plenty.
- What is it like to work for minimum wage?
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Dani Johnson, from Rags To Riches
Topics: The fake math behind leasing an expensive car. How to avoid the deception and becoming a victim of all flash and no cash.
- Adrienne is in deep credit card debt and asks for help.
- Nuno has a question on asset allocation for couples.
- Yelp for Banks - Big banks are looking to silent consumer complaints. But they are doing it for you of course!
- Robots might be taking your job over soon.
- Why you should switch to a credit union.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Consumer finance complaint database
7 Steps To Leasing A Lamborghini
Topics: What is YODO and what do you need to know about it?
- A new perk for business travelers.
- Peggy makes $41,000 and is a financial pinch being a single mom with three kids and a mortgage. She asks for guidance on getting out of debt.
- Laura (Texas) has an employer retirement plan with Vanguard and has been asked to switch. She thinks she might lose her job and wonders if she should wait it out.
- My Fearless Forecast - You're going to lose money if you listen to the financial talking heads.
- Tate asks what type of accounts have compounding.
- Red Alert! - A new scam for auto owners to be aware of.
- Grayson paid off $50,000 in debt!
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: What you can learn from winning a Wimbledon tennis title.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Marketplace did a study comparing people with money and those without. What are the different characteristics of people between income levels?
- Sears is a sinking ship. What lesson can every generation learn from their failure?
- Nate is a 27-years-old chef and is looking for guidance on where to start investing.
- Supermodel Laura (Maryland) has a new job with no employer match in her 401(k). She asks if it's better to do a Roth instead.
- Manuel (Florida) is picking up a part time job to pay down debt and asks how it will impact his taxes.
- Should you buy college tuition reimbursement insurance?
- Who are Fama, French, Markowitz, and Sharpe?
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Financial independence is 20% knowledge, 80% behavior. Your brain can trick you into poor decisions. Watch out for these deceptions to keep more of your hard earned money.
- Ingmar lost $220,000 - the bulk of his savings - in a pump and dump scam. Could you be next?
- Pastors sue Coca-Cola in what could be the dumbest lawsuit in history.
- Ric (San Antonio, TX) asks for a financial check-up on his retirement savings.
- Laria (Melbourne, Australia) asks If everyone invests in index funds won't the market returns go down?
- DJ (Cali) leased an electric car and has come out ahead on the deal. He share's how he made it work.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Coca-cola lawsuit: http://www.theblaze.com/news/2017/07/15/pastors-sue-coca-cola-in-what-could-be-the-dumbest-lawsuit-in-history/
Present value of an annuity calculator
Topics: The Consumer Financial Protection Bureau and Department of Labor are fighting for working families. They won a couple battles. Now the losers are suddenly working in your best interest. Or are they?
- Amber's husband has three more semesters left to finish a master's degree. They just realized the degree won't increase his salary that much. She asks if he should drop out and cut their losses.
- Extreme Couponer Dolores does a July checkup - are you on tax track?
- Are you Wells Fargo customer? Get your piece of the $142 million settlement over fake accounts.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Student Loan Debt vs. Salary Calculator
Topics: Every obstacle presents an opportunity to improve your condition.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Marketplace did a study comparing people with money and those without. What are the different characteristics of people between income levels?
- Ann (Lehighton, PA) is six years from retirement and has no retirement savings.
- The best places to retire (again).
- Cruising the high seas? You might be cursing the high seas after you hear what cruise lines are doing.
- One athlete is moving to another state to save $8.7M in taxes. Could you do the same?
- Chester is in some high expense investments and asks if they are appropriate.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
TV Viewership and income: http://www.marketplace.org/topics/wealth-poverty/income-upshot
How giving up TV for a month changed my brain and my life - https://www.fastcompany.com/3060491/what-happened-to-my-brain-after-a-month-without-watching-tv
Fee only CFPs:
XY Planning Network - http://www.xyplanningnetwork.com/
Garrett Planning Network - http://garrettplanningnetwork.com/
NAPFA - https://www.napfa.org/
Topics: A listener gets married and Scott shares the first money moves he should make.
- Jamie asks how to keep herself accountable.
- Katie discusses how to get rid of a bad contractor.
- Darwuin asks how best to max out his retirement accounts.
- Floyd Mayweather can't pay his taxes. How soon before he's broke?
- Life is about eating donuts.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Maybe you have decided to buy into the get rich slowly savings philosophy. But is there a way to supercharge your savings and be better than average?
- Chell (New York) is 40 making $40k and asks how to finance her dreams of opening a business on an island and providing free education to children.
- Amazon is winning - at your expense. Find out how.
- Kevin has two young boys and is interested in opening custodial accounts for them. He asks what type of account he should consider.
- Cynthia has a way to make money that if you ignore you will repent!
- Scott shares the next hot stock tip nobody else is aware of.
- Alexis is 32 years old, married with kids, and deciding on how best to tackle $50k in student loans and two car payments.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Amazon pricing: http://www.investopedia.com/news/how-amazon-winningat-your-expense/
Topics: Scott finds an injured animal on the side of a country road. Today's show: What do you do when nobody is around looking and can judge you?
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Every day you're faced with choosing between time vs. money. What are the factors to consider when deciding? How can the decision lead to more happiness?
- Our July challenge is here. Just one more! Day, that is.
- Ty (California) is confused on ETF investing vs. index fund investing.
- The days of the Honda Fit are now numbered. Katie has requested a new car.
- Nick has a friend who wants to buy a used car and asks for some tips on how to do it.
- Rich is a college junior and feels the stock market is too risky to invest in.
- Wendy moved her kids out of America. Here's what happened.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Looking for a little inspiration from those who came from nothing and made it? Listen to what these famous people have to say about building wealth.
- Victor changed jobs and asks if he should take his old 401(k), cash it out and pay off all his debts.
- Jessica is a full-time college student needing ideas on how to save money.
- Gianluigi is contributing to a company IRA and asks if he can contribute to a post-tax IRA as well.
- Why do millennials (or anyone) love Olive Garden?
- Even historic landmarks are running out of money. What does it mean to your retirement?
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Millennials love free bread sticks
Topics: What should new graduates know before heading off to college or heading out into the working world?
- David got a $20k raise at his current job. Discover how he did it.
- PackerFan (YouTube) has some confusion on picking between a Roth 401(k) and a regular 401(k) and future tax brackets.
- Lisa (Melbourne, AU) has an investment property that is cash flow positive but hasn't increased in value and asks if it's worth keeping.
- Red alert warning: Homeowners beware! Watch out for this trickery going around.
- Shari has a resource that will increase your credit score in 48 hours.
- Gary has some investments at one of the full service brokers and asks if it's wise to move the investments elsewhere.
- Dolores has a tip on extreme couponing.
- A 32-year-old real estate investor who is worth over $1M.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Abhi Golhar, Young Millionaire
Topics: Hot dogs! Is there anything they can't do? Yes - build wealth.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: What is Pascal's wager and how does it apply to managing your money? Wager right and you're sitting pretty. Wager wrong and your dead broke.
- An update on Scott's letter to AT&T's CEO regarding the overcharge on a cell-phone bill.
- Charlie asks about a particular investing app and if it's worth trying.
- The imperial federal government can change any rule or law at any time - how should you prepare yourself for the inevitable?
- Kevin (Seattle, WA) provides a detailed financial goals plan and asks if the steps make sense.
- Jake is concerned about his emergency fund not keeping pace with inflation.
- What are the millennials doing that bought Snapchat? Getting a hard earned lesson which is a good thing.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Witt Actuarial Services
Glenn Daily
James Hunt