On today's show: Yes, you really can do anything you set your mind to. Scott proves it in his own life by sharing the story of creating a parody of The Office.
Watch it now: https://youtu.be/MU8n9zrXK2c
- Scott rants about trial lawyers and the Anthem data breach that's paying out a measly $36 to people who had their personal information stolen.
- Brendon (Milford, CT) is underwater on a condo purchased in 2005 and is trying to figure out what to do with the property.
- What not to wear to a job fair.
- Elisa (Morristown NJ) asks about the pros and cons of having her mom superfund a 529 plan for Elisa's kid.
- A simple example of diversification to help you understand why it's important.
- An update on Melissa Thomas and how she funds her dream of seeing Elton John.
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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
https://www.rentreporters.com/
https://www.renttrack.com/
https://rentalkharma.com
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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http://www.amazondelivers.jobs/about/camperforce/
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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On today's show: How do people define financial independence (FI) and what are they really after?
- Ric (San Antonio, TX) is deciding between which mutual funds to select to balance out his retirement investments.
- Save money by eating breakfast for dinner.
- Wil had an overcharge at a hotel and asks how to best get it resolved.
- Scam alert - grandparents are being targeted to send money to get their grandkids out of jail!
- Utility bill savings that can add thousands to your wealth.
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On today's show: What are the top rated 529 college savings plans and what are the best ways to pay for college?
- Ashley (Sterling Heights, MI) is heading to graduate school and asks about her investing options from her employer's 401(k) to getting into real estate.
- Lando (NYC) is looking to diversify and asks about a real estate investing service.
- Is it better to file your taxes jointly or separately if you're married?
- How do you know if you should cancel your whole life insurance policy? Kiplinger's Retirement Report confirms Scott's advice.
- Scott adds a warning about intrafamily loans when buying a house from a parent.
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Tax filing jointly vs. married filing jointly
On today's show: The majority of people are prioritizing spending over saving for retirement. What does this situation mean to you or the people you know approaching retirement, and what can you do to make sure you have an awesome retirement?
- Priscilla is 30, self-employed, and has questions on which investing accounts to pick.
- Amazon Prime now includes free music (ok, this is old but have you tried it out?)
- Ashley (Sterling Heights, MI) is heading to graduate school and asks about her investing options from her employer's 401(k) to getting into real estate.
- Steffani has maxed out credit cards and asks how to say no to spending.
- Shocking retirement saving stats
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Workers save more when employers tell them to
On today's show: Beware of various credit freeze products being pushed by the credit bureaus.
- Bela Oxmyx (Grafton, WI) has two kids in elementary school and asks if he should have a credit freeze put on them.
- Sky (Los Angeles, CA) has mom that is 66 who's only asset is her home. She asks how the family can work a deal to give mom money to live on while letting her age in place.
- A free browser tool you can use to keep companies from collecting information about you.
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On today's show: Windbag Turner couldn't finish his points on staying young and fancy free in a previous show, so we continue on in part two of how to stay young forever.
- Francis (Upstate, NY) has some feedback to share on her experience with credit freezes.
- Do you know about all the extra benefits your bank offers?
- Star Lord (Colorado, Earth) asks where to park money for six years while saving up for a house.
- Tayyab inquires about my investing results in an attempt to make his own investing decision.
- Discover another important way to protect your identity.
- Are you overly worried about what people think about you?
- Marianne (Seattle, WA) has a large amount of equity in her home from the housing market recovery and asks if she should sell while the getting is good.
- Overcoming your demons.
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http://www.collaborativefund.com/blog/overcoming-your-demons/
On today's show: Scott from New York asks for more updates on the Equifax credit hack. What's real, what's fake, and are people trying to cash in on your money with fear based advertising?
- Emily (Philly Cheese Steak, PA) is a millennial and asks for advice on making smart money moves to get started.
- Can you get a deal on a vehicle if you pay for it with a credit card?
- Dr. J has an extended warranty for his truck which has paid for itself and asks if he should renew it when the term is up.
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https://www.consumerreports.org/extended-warranties/extended-car-warranties-an-expensive-gamble/
On today's show: What is one thing that can help you keep your sanity and your amazing good looks?
- Jan (Georgia) is 59-years-old making $10/hour. She says she has nothing to show for her life and asks what can she do now.
- Brennan (China) is 25 and living abroad. He has a follow-up question on what to invest in if you have a high risk tolerance.
- Aaron is going back to school and will have low income for the next couple years. He asks how to save taxes now by converting his tax deferred retirement accounts to a Roth IRA.
- Worldwide pensions are underfunded by how much? Watch out if you or someone you know is counting on a pension for retirement.
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On today's show: Don't fall for all the financial pied pipers telling you to buy credit monitoring. Scott lets you know how to protect your identity from the Equifax security breach.
- Nuno is selecting an investment account and needs help understanding the beneficiary options.
- Jim (Pennsylvania) is struggling to make extra income while he and his wife deal with upcoming bills.
- Will calls out Scott on growth vs. value stocks.
- Kelly (Wisconsin) and her husband have some stock certificates and wonder what they are worth.
- A simple way to protect your digital life.
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On today's show: Adulting is hard. Especially after you've lived high on the hog for a while. Hear Autumn's story of trying to figure it out.
- Bill (St. Petersburg, FL) has a large amount of home equity and asks about selling the home to be debt free or hanging on to it.
- Don (San Antonio, TX) asks why people don't get out of the stock market when it starts going down.
- Walt (Denver, CO) asks for clarification on if working prior to full retirement age reduced social security benefits.
- The Chicken & Biscuit business building plan.
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Cost of missing the best stock market days
How work affects your social security benefits
On today's show: Throw common sense away! It's time to get our investing advice from celebrities.
- Tyrone (San Francisco, CA) is getting some financial gifts to purchase a home and wonders if the gift givers will be hit with Federal gift taxes.
- Jimmy (Phoenix, AZ) has an offer for a lump sum payment of his $21k pension and asks if he should take it.
- Cell phone savings with Consumer Cellular
- Ric (San Antonio, TX) asks if moving funds from a 529 plan to a Roth IRA makes sense to pay for college and have more flexibility.
- Nick contributes 20% to his employer's retirement plan and asks if the distribution between tax-free-growth and tax-deferred-growth is appropriate.
- Herb (Dallas, TX) has some restricted stock units he gets as part of his bonus and asks if he should hang on to them or diversify.
- Quote of the day from Seth Buechley
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On today's show: Tax hacks revisited to save you money in the future.
- Troy (Philippines) has three whole life insurance policies and asks if he can change them to term life.
- Diane (Ontario, Canada) is 52-years-young and asks about downsizing and moving into a mobile home in a trailer park to pay off debt and start saving.
- Travel Hack - How to fly to Europe or Asia for less.
- Seth (Birmingham, Alabama) is a recent graduate who is looking for feedback on his savings strategy of putting money into a Roth 401(k) or a Roth IRA.
- Brennan (American living in China) is 25, has $10,000 to invest and is trying to decide what set-it-and-forget-it method is best for him.
- Sunshine and her husband are debt free and have a $2M net worth.
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Show Resources: https://scottalanturner.com/show-resources